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To: Alberta's Child
the Federal Reserve "controls" the U.S. economy. The agency's mandate was written into its founding charter more than a hundred years ago.

The control over the U.S. economy wasn't specifically mentioned in 1913, but rather they were thinking more along the lines of: the Federal Reserve Act : Public Law 63-43, 63d Congress, H.R. 7837: An Act to Provide for the Establishment of Federal Reserve Banks:

...to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes
Arthur Burns, Jimmy Carter, and G. William Miller smile following the announcement of Miller to replace Burns as Chairman of the Federal Reserve Board.

All I can see about the 'fed-controls-economy' was in the The Federal Reserve Reform Act of 1977 which required the fed to guarantee "maximum employment, stable prices, and moderate long-term interest rates".


16 posted on 10/27/2015 6:24:49 AM PDT by expat_panama
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To: expat_panama
humph Wilson [spit]

WILSON SEES DAWN OF NEW ERA IN BUISNESS
Aims to Make Prosperity Free to Have Unimpeded Momentum

FED created > Six months later WWI breaks out > leading to US formally entering the war and > the Russian Revolution.

Were these events caused by Wilson's FED?? I can't say that but neither did it's creation prevent them. Also.....I'm sure there are plenty of other world calamities I can blame on the FED.

Now, when did that Titanic boat sink....?

24 posted on 10/27/2015 7:34:21 AM PDT by citizen (America is-or was-The Great Melting Pot. JEB won't even speak American in his own home. NO Bush!!)
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