The Federal Reserve

The Federal Reserve system, or the central bank of the United States, was founded by Congress in 1913 by the Federal Reserve Act. The goal of this creation was to provide the country with a more stable, safe and flexible monetary system. However, as with most federal institutions, the roles and powers of the Federal Reserve have expanded to encompass much more than originally anticipated. However, as is a common misconception among Americans, the Fed is a private corporation, not a government institution, run by a board of 12 directors which divide the country into 12 federal districts. The role of the Fed is divided into four different categories.

1. To conduct the nation's monetary policy in order to achieve maximum employment, stable prices, and moderate long-interest rates
2. To supervise and regulate banking institutions to ensure the safety and soundness of the nation's financial and banking systems in order to protect the credit rights of consumers
3. To maintain stability of the nation's financial system by containing possible risks
4. To provide financial services to the government, foreign official institutions, and depository institutions (banks)

Basically, the Fed controls the distribution and printing of the money, at the request of the federal government. Since the Fed controls the amount of money in circulation which affects the value of the dollar, the Fed is part of the reason for the floundering economy. 

"Yes, the Federal Reserve Notes are accepted as a medium of exchange by the people of the United States. But this is a debt-money, being interest is charged on every dollar that is created, but the interest is not created!, Let me give an example to illustrate this point."

The current debt of the nation coupled with the obnoxious rate at which new money is being printed are leading the country into another state of depression. Some would argue that we're already there.