The Federal Reserve System

As QE2 Nears End, Economists See Modest Achievement

As the sun sets on the Federal Reserve bond-buying program known to most as QE2, economists agree its chief impact has been to change the nation’s inflation outlook.

That isn’t small potatoes. But from there, the reading on the $600 billion program started last November and finishing early next month gets murkier. There’s little clarity whether the effort delivered the improved levels of growth and job creation that were an express aim of policymakers.

et Greece default in full. It will be the best thing for the central banks.

Moving control of the quantity of money from private banks to the government is the best solution to prosperity for the country.

The two party system is propped up by the central banks. People watch the puppet show and complain after each party fails to have the citizen’s interest. The National Debt continues to grow as we pay interest only on the loans from the central banks.

The bottom line: No More National Debt. All our money is created out of debt borrowed from the private corporation of the Federal Reserve System, or other private foreign central banks. But nations don’t have to borrow money from the central banks. Sovereign nations can create their own money — debt free — just as Abraham Lincoln did to win the Civil War. This is the secret that’s been hidden from us for over 100 years.

Repeal the Federal Reserve Act and the problem is solved. Hunger, poverty, recessions. All over. Write your congressman. At least let them know that you know you’re being scammed.

Write your representatives and the President and demand: 1) Debt-free US issued currency, not currency borrowed from the private corporation of the Federal Reserve System. 2) Increase fractional reserve banking to full reserve 3) AUDIT the Federal Reserve System. 4) Pass a Balance Budget Amendment to the Constitution

Research this information for yourself. The Grace Commission was formed by the Reagan administration to try to solve the national debt crisis. “100 percent of what is collected is absorbed solely by interest on the Federal debt … In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.” — Grace Commission Report Jan 12, 1984

“If fundamental changes are not made in Federal spending, as compared with the fiscal 1983 deficit of $195 billion, a deficit of over ten times that amount, $2 trillion, is projected for the year 2000, only 17 years from now. In that year, the Federal debt would be $13.0 trillion ($160,000 per current taxpayer) and the interest alone on the debt would be $1.5 trillion per year ($18,500 per year per current taxpayer).

IVR Deconstructed » FDIC and the Federal Reserve System

The Federal Reserve system is the United State’s central banking system, created in 1913 as a response to financial panic.  Over time, the system has evolved in both form and function, becoming the ultimate governing body of the US’s monetary policy.  The Federal Reserve supervises and regulates banking institutions, maintains the stability of the financial system, and provides various financial services to banking institutions.

In times of great financial crisis, the Federal Reserve can be a huge factor in regulating inflation, deflation, and revaluing the currency.  The Federal Reserve currently addresses the problem of banking panics, manages the nations money supply through monetary policy, and maintains the United State’s financial system by containing systemic risk.

One primary function of the Federal Reserve is to regulate deposit accounts (saving, checking, money markets) .  In the post-Great Depression Era, the Federal Reserve System, put into place by the ratification of the Glass-Steagall Act, provides deposit insurance for member banks up to $250,000 per depositor per bank.  7,723 institutions are FDIC insured.

At the height of the financial crisis in 2008, there were 25 banks that became insolvent and had to be managed by the FDIC.  These toxic assets have lead to bank failures, and made banks often times unable to raise additional capital and work their way out of bad debt.

For new customers trying to figure out what type of accounts to establish (savings, checking, money markets, or CDs) versus uninsured accounts (Stocks, bonds, mutual funds, and money funds)  and trying to ascertain whether their banks are FDIC, the process can be overwhelming.  An interactive voice response system could go a long way in streamlining the process.

Instead of having to surf the web trying to find the relevant information (which can be a tedious process) or stopping in to each bank and trying to ascertain all the necessary information (which can be even more tedious) customers could call in to an IVR system in order to hear about all of their options.

By placing a simple outbound call in to this type of system, customers can select their location, find out information about the type of account they are looking to establish.  Find out specifics about minimum deposits and interests rates, and figure out if their selected institution is FDIC insured and to what max.  This could be a streamlined banking system that could help customers do research and allow banks to free up their time for their most pressing clients.

The Federal Reserve System, a history

The Federal Reserve System, an encyclopedia

The Federal Reserve System

The Federal Reserve System, a history of the first 75 years

The Federal Reserve System, purposes & functions