Uploaded by jdcriveau on Nov 21, 2011
Today congress seems not to be able to agree on about anything, except increasing their governmental power. (This is truly my opinion) For many years our nation had no central banking system and our banks would be in a state of such confusion it ran from state to state. Even some states wanted to or tried to make their own money system. Our Congress-government at one of its greatest blunders did something right (a true accident) setting up the Federal Reserve. Before a person can make such a statement one must study and understand the Federal Reserve and what it actually does. First one must understand the Federal Reserve is a Quasi-public system, that is privately owned and to operate only in the interest of the public. To operate only in the interest of the public (hummm) that is something our congress seems to have forgotten. The Federal Reserve is set up so that no political party or parties may ever get control over it. Many in Congress do not like the idea that something other than their political party telling them what to do. (Again my opinion) This is done by having the seven board of governors set up to serve a 14 year term and the governors are spaced out so the rotations of the governors are evenly spread over the 14 years. This is done so that no one political group or one person will appoint too many governors. Like the Supreme Court no political party can have any real control over the Federal Reserve. Both the Supreme Court and the Federal Reserve are real thorns in Congresses side.
What is the real function of the Federal Reserve, again in my opinion it is to ensure that first and foremost the American Dollar has real value throughout this nation, thus it seems also happens throughout the world. At this the Federal Reserve does their job very well. We have the only paper money throughout the world that is as solid as a block of gold. (Again my opinion, as I have traveled throughout the world and the American Dollar is at time more desirable the other nation's money.) Really the Federal Reserve is to Control our money supply, control and regulate our nation's financial systems. Control the reserves of all banking systems (cash on hand) to insure the private individual savings up to 250 thousands of dollars, to regulate our interest rate that vast amounts of money are barrowed on. Basically to make sure that each and every American when they are paid in dollars is getting a fair value of money for their hard physical labor. To ensure that the American dream, of owning a home, remains a true and obtainable dream, for the men and women with in this nation, who wish to work for their dreams?
So yes I say Congress has no Control over the Federal Reserve, then let us all say thank God for our Congress lately has messed up completely everything else. The Federal Reserve has a very hard job, and a very difficult job, and like everything else our Federal Government it loves to blame everybody or everything else for the Congress's lack to do the job of Congress, and that is to operate in the interest of the public and no others. How many years have our country had been forced to operate with the failure of Congress's ability to do their most important job come up with a budget, while our Federal Reserve each and every day monitors our economy to make sure we have value in each and every dollar, and the Federal Reserve controls the money supply to ensure we the people have value in our labor. Very few people realize how important the Federal Reserve is towards our everyday life, both in banking and the value of their money.
jd
also checkout www.theconstitutionistparty.com
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1 likes, 1 dislikes
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Ron Paul 2012!
CDresser1984 3 months ago
@CDresser1984 you are like ron paul you say alot of bull#*%$# with not truth in it, look at obama right now on campaign trail look at ron paul on the campaign trail and Congress can not even come up with the bugets cuts no leadership either in the white ouse or Congress when nation is in need both ron paul and obama is on the campaign trail blaiming each other both exactly alike
jd
jdcriveau 3 months ago
@CDresser1984 do you want some real truth here is is in 2008 with all the tricks like you just tried to pull I was a write-in candidate ron paul got just over 400,000 votes and I only got 8,790,000 votes that is as a write-in in all 50 states and you will not even find the one I wrote in as James D criveau all 8,790,000 disappeared. that is truth not like ron paul and you just a bag of lies and tricks
jd
jdcriveau 3 months ago
@CDresser1984 you are the very type of followers I do not want those liers cheats and those who would steal if you can not speak the truth you are worth nothing at all. We here are not politicians just real Americans and nothing more
jd
jdcriveau 3 months ago