Tuesday, February 28, 2012

Federal Reserve True Objectives?

If you read the Creature from Jekyll Island, it states that the Federal Reserve failed to achieve its goals because the states goals are not really their goals. What are the Federal Reserve's real objective then?Federal Reserve True Objectives?
Things changed quite a bit from that original meeting at Jekyll Island with some of the most powerful financal men in the U.S.



The original plan called the "Aldrich Plan" called for creating a number of privately controlled district banks. This plan was supported by the Republicans. The Democrats didn't like it and called for a 100% government-controlled bank.



The compromise bill passed in 1913 called for privately-controlled district banks over seen by a "Board of Directors" headed by the Secretary of Treasury.



However, this arrangement was terribly flawed. The district banks had a great deal of autonomy. They resented oversight of the Board of Directors and often dragged their feet on requests.



Some felt that the 20's boom came from an atmosphere of district banks being somewhat out of control, and the subsequent crash of 29 exasperated by the lack of coorditination of the district banks.



That all changed with the Bank Act of 1935. The newly formed government agency "Board of Governors" was given nearly absolute control over the entire system and the nations monetary policy. The branches were somewhat relegated to day-to-day operations.



So indeed "Federal Reserve System" V1.0 proved to be highly flawed, didn't meet it's objectives, and was for the most part abandoned.



When Congress created V2.0 in 1935, they changed the Feds charter from looking after the health of banks to looking after the health of the entire economy. There were also restrictions by law to prevent the Board of Governors to be dominated by bankers.



So what are the true objectives? You could look to believers in the Illuminati and NWO for one type of answer.



Or you could read their mission statement, then compare that to their meeting minutes and decisions and make up your own mind.

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