[LS]

Most of these conspiracy books are nonsense. If anyone actually CARES about the history, I have explained it in several places, including "Banking in the American West from the Gold Rush to Deregulation," and in "A Patriot's History of the United States." The Fed originated NOT with the "big bankers" but with the thousands of small country bankers who had no "lender of last resort" if there was an irrational panic; and who had no means to expand or contract the money supply after the Civil War Bank and Currency Acts that essentially banned private money. Most of all, they wanted to LIMIT New York's power, so the Fed they set up had 11 district branches outside of NY (two in Missouri) and 9/12 in the west, midwest, or south.

[plainshame]

That’s why the US dollar has lost 96% of it’s purchasing power since 1913 via inflation.The fed does what bankers do and they rob the people blind and the government allows it because they profit also.

[Marine_Uncle]

Your statements may be accurate but they have little consequences past that short period in our history.
Things that took place during Wilson's era do.

[Alberta's Child]

I've never been a fan of the Federal Reserve, but the information you've posted here stands well against a lot of the anti-Fed hysteria that is common among conservative/libertarian types.

The "lender of last resort" item reflects what I've read and heard elsewhere from knowledgeable people.