The Federal Reserve Bank controls the money supply and inter

The Federal Reserve Bank controls the money supply and interest rates in the United States. In your informed opinion, has it done a good or a bad job over the last decade? Why? What could it or should it have done differently? Why? Consider the ethical and regulatory issues that arose during the 2007–2009 financial crisis when writing your post. Use the readings and resources from this unit to support your perspectives in this discussion, using proper APA format to cite your sources.

Solution

A privately-owned central bank has controlled American currency and driven the U.S. government into bankruptcy. It has never been subjected to comprehensive audit and the action it takes affects each and every American. Though it was created to enslave debt, the U.S. government only goes into debt if it chooses to do. Quantitative easing was followed when the economy was hit by recession and the government simply decided to print currency to pay off all its debts. Under the current system, it is argued, that the government simply go forward and print money whenever it wants. Federal Reserve has become a tool to create U.S government debt that slowly drains the national debt thereby enriching the global elite. The Fed has devalued the currency and the dollar has lost 96 percent of its purchasing power since its creation in 1913.

The Presidents do not have much control over the economy compared to the Fed. The Fed has the massive power to create bubbles and pop them up. As such there is no transparency in its regulations and it is mostly dominated by Wall Street and New York banks. The system ought to be stable, but has become totally unstable. The Americans should find some ways to make them accountable, and should be able to see what’s going on inside the Federal Reserve.

Economic Collapse: By Michael Snyder, on August 4th, 2010