Money,
assassinations and control – are these things of a motion picture thriller?
Well, we are not talking about a movie here! We are about to explore through
few conspiracies behind the federal reserve system. The Fed system is home to
incredible power. It has taken so many steps to get rid of financial crisis.
These amazing things are misinterpreted by critics and commoners around the
world. With this being said, here are few common myths about the Fed Reserve System.
#1 Foreigners?
There
were days when people believed that the Fed Research System was managed by
foreigners and it is a sturdy American institution. Henry Kaufman at Columbia
University debunked this myth. The Fed Research is controlled and run by several
boards. There are 12 Fed Reserve banks in this system. Indeed, the board
comprises of Americans. However, it is not an American Institution.
#2 The Body
Now,
this doesn’t make Fed an individual entity. It is an integral part of the US
government. Though the Fed Reserve has its very own life, it is a part of the
US government. Seven important members of the system are appointed by the
President. Experts believe that the Fed system has a quasi-private structure.
Now,
the Fed Research system is responsible for controlling the nation’s flow of
money. However, it doesn’t print money notes. It is the Bureau of Engraving
& Printing job to print currencies. What Fed does is much more specific and
important than the printing job!
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