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Consider this: we pretend that banks are private businesses that should be allowed to run their own affairs.But they are the biggest scroungers of public money of our time.The following are 10 things that every American should know about the Federal Reserve….#1 The Federal Reserve System Is A Privately Owned Banking Cartel The Federal Reserve is not a government agency.They don’t even have to make clever investments to make huge profits.That is a pretty good little scam they have got going, wouldn’t you say?

The Federal Reserve has more power over the performance of the U. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system. government lets the Federal Reserve create it out of thin air and then the U. He plans to try to keep the inflation rate at about 2 percent in the coming years. The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years.So it would be accurate to say that the Federal Reserve is partially foreign-owned. So where does the Federal Reserve get the Federal Reserve Notes? Wouldn’t you like to be able to create money out of thin air? The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt.During this election year, the economy is the number one issue that voters are concerned about.

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