Governance of the Federal Reserve Dr. Sankarshan


How has the Federal Reserve (Fed) been governed since its inception in 1913?

The Robber Barons (13 largest banks) surviving the banking panics, which started in 1907 and destroyed economy in 6 years, foisted the Federal Reserve Act of 1913 to create a new central bank – Federal – that would print money only for these banks whenever they needed to preclude their insolvency. has been operating directly and indirectly at the behest of these mega banks (who are members of House LLC) as per FRA-1913, even for lending to smaller banks or non-banks.

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