“The Fed is a private bank with a chairman approved by CONgress if I remember right.”
The Fed is comprised of private banks that are required to join. Prior to the Fed its role was performed by the largest bank in the country, JP Morgan. The Fed does have government oversight, which JP Morgan lacked. If anything the Fed is more accountable to the public than when JP Morgan did whatever they wanted.
“They have even admitted that they caused the Great Depression.”
No, they didn’t admit anything of the sort. Milton Friedman and Anna Schwartz blamed the 1930s Fed for failing to act to halt the collapse of the banking system which was the primary cause of the Great Depression. But they didn’t blame the Fed for causing it. The Bernanke Fed appears to have agreed with Friedman and Schwartz since they provided massive liquidity to banks as the 2008 crisis unfolded.
“What they do is the will of the globalists not “We the People”.”
That’s the usual conspiracy nonsense. The Fed is in charge of American monetary policy and its primary role is to adjust the money supply and to make sure that the banking system doesn’t collapse. When we had a gold standard their role was also to defend the dollar, something which became difficult if not impossible due to the Triffin dilemma.
http://www.wnd.com/2008/03/59405/ Bernanke did say the fed caused the great depression.
Read the book “Creature form Jekyll Island” by Edward Griffin for the background of the take over of the banking system.
Ron Paul I think it was who said without the fed we would have 17% more in our pockets. I do not trust the globalists and the fed is one reason why.