Gatekeepers of the US Economy

The Fed are the gatekeepers of the US economy. The Fed is a short name for the Federal Reserve System.

As guardians of the economy it is their duty to keep the American economy stable. These economists run a privately owned business called the Federal Reserve Bank or the Central Bank. The current Board of Directors in the Federal Reserve System are as follows.

• Ben Bernanke - Chairman
• Donald Kohn - Vice Chairman
• Kevin M. Walsh
• Elizabeth A. Duke
• Daniel K. Tarullo

The general duties of the this economist group who act as gatekeepers of the US economy is

• to encourage stable prices
• to provide conditions of credit that are able to sustain maximum employment
• to regulate long term interest rates
• to police the smaller banks and ensure the safe operation of such
• to provide financial services to the government and other financial institutions.

The Federal Reserve System came into being in 1913 when President Woodrow Wilson passed the Federal Reserve Act. Further laws that have expanded the role of the Fed economists where signed in 1935, Banking Act, 1946, Employment Act, 1956, the Bank Company Holding Act, 1970, National Banking Act, 1978, Full Employment and Balance Growth Act, 1980, the Depository Institutions Deregulatory and Monetary Control Act, 1989, Financial Institutions Reform, Recovery, and Enforcement Act, 1991, Federal Deposit Insurance Corporation Act, 1999, Gramm Leach Bliley Act, and others.

While the Fed is subject to being monitored by US Congress they are not a Government Agency. They work "independent within the government".

The Board of Governors mentioned above have an office in Washington D.C. but the tentacles of the Fed extends out into the US boundaries through a dozen offices.

The Federal Open Market Committee is a component of the Federal Reserve System and the FOMC is responsible for monitoring open market conditions or how the current money policies are working. The FOMC is always chaired by the Reserve Bank of New York Chairman and the other officers of the Fed alternate as committee members.

The full list of offices in the Fed system is as follows

Federal Reserve Bank of

• New  York
• Cleveland
• San Francisco
• Dallas
• Kansas City
• Minneapolis
• Chicago
• St Louis
• Atlanta
• Philadelphia
• Boston
• Richmond
• Board of Governors - D.C

The economist who act as the gatekeepers of the US economy have come under a lot of scrutiny as of late. With the bubbles bursting as though a great party had just reached an apex suddenly they find themselves answering all kinds of conspiracy theorists laments. These economist who are responsible for monitoring the health of the economy are suspected by many of being at the center of a plot to control the masses by manipulating the beliefs of the public. While the debate between conspiracy theorists and those who say "nay this is just a ripple in the pond" is heating up, the Fed have their currency presses churning out American dollars and lending them to the government taxpayers and to qualified borrowers at record speeds.

Some of the most convicted opponents of the Fed, this group of economist who act as gatekeepers of the US economy, go as far as stating that the Federal system is no more than a front for an elite international group. This group of international elitists, if they even exist would be only beginning to set up the US and the world for a coup that will see much more than the loss of financial security for the average citizen.

It is hard to believe that such a group would work so hard to control the masses. But from behind the veil of deception and in secrecy much could happen until the truth is exposed.

I refer to a YouTube video of a time when Bernard Madoff, the financier of Wall Street could talk openly to an unsuspecting audience of followers. Even as he talks of the benefits of regulations that safeguard the financial markets only he and a select few are aware that he is running a ponzi scheme on a scale that has never been seen before. But secrecy is a powerful medium and it is a tool of master thieves and other corruptibles.

Let's all hope that the Fed gatekeeper of the US economy doesn't get revealed in time to come as just another banker bandit.