SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Money Supply & The Federal Reserve
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cush who wrote (142)8/12/2002 12:14:22 PM
From: GraceZ  Read Replies (1) of 1379
 
So, is the Fed controlled by private interests?

Is it a Federally controlled entity because it was created by an Act of Congress?

The Fed was chartered to be independent of political influence for a very good reason. Politicians will always choose expediency over principle. Needless to say because the Fed chairmen has to report to Congress they are not completely without influence from the Federal government, likewise they are subjected to influence from the member banks in that this is where they draw their information for decision making and conduct their operations.

As for trying to review your old posts, or anyone else's old posts, I don't think so. But I would be happy if you'd give us links to old posts that you feel would add to our understanding of the issues

I understand the workings of the Fed. Its you and the other people on this thread that are trying to gain understanding. What could I possibly gain from going back and posting links to posts that I've already committed to memory?

Perhaps those with the most money should control the world economy. Do we trust their altruism, or do we accept that what is in their best interests is also in our best interests?

No one is in control of the World Economy. It can't be done.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News