Thanks, Tradelite. The link says that the Federal Reserve "provides certain financial services to the U.S. government". . .
And yes, the Federal Reserve Act was passed by congress a long time ago. So the FED operates under that act of congress. But don't assume that the U.S. Governement OWNS it, just because there is a relationship based in legislation. Look for the proof of ownership.
I would normally suggest to write your congressmen for additional information. But what keeps echoing in my mind is a speech I once heard in a baseball stadium, from an extremely bright politician, whom I greatly respect. . . .and who has a terrific handle on the way things really work. His plans are sound, his experience deep and his patriotism true blue. But the only time I ever saw him dance around the subject was when he fielded a question regarding the Federal Reserve.
He was asked about the powers of the FED and the possibilities of abolishing it. And after an obviously choreographed generic response, he sighed, realizing his answer was totally insufficient and said frankly, "Look, I am a family man! And as much as I believe something should be done about the Federal Reserve, I'm not the one to do it." This was in a campaign, where he was running for president!! You could cut the remorse and wonder with a knife.
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