Extremely important stuff. Try it; this will make your blood boil.
Wasn’t it Hal Lindsey who wrote “The Late Great Planet Earth” series........or am I wrong about that?
Link: www.hallindsey.com (It's the 5/4/2012 Report)
The Fed, per se, is unimportant.
Allowing money center banks AND the Fed to be in charge of the money supply, independent of the Treasury OR Congress, is very important.
If the Fed were ended tomorrow and Goldman Sachs/BoA, etc continued on their merry way, nothing would change.
Ping
http://www.youtube.com/watch?v=dgyQsIGLt_w&feature=related
The quantity of money, which the FED directly affects, was not thought to be very important in economic theory until Friedman's Quantity Theory of Money which I believe helped him receive the Nobel Prize in Economics. The FED is only one example of the many failures of government going outside its constitutional limits and doing what it should not be doing.
http://www.youtube.com/watch?v=6RzGHvlltlE
It looks like the history of man's continual push towards collectivism, with brief interruptions, like America in the 1800's, is coming to a close when the whole world embraces the epitome of collectivism - "globalization" and a world leader. I agree With Hal, that the demise of Ameirca will probably usher in the end of the age. The good news is this will only be seven years (Daniel's seventieth week) and afterwards, 1000 years of the incredibly peaceful and wonderful time on earth when Jesus reigns as King.
sfl