I answered a question on Quora. https://www.quora.com/Should-elected-officials-have-more-influence-over-the-United-States-Federal-Reserve/answer/Vince-Dhimos?__nsrc__=4&__snid3__=3637363909
Quora: Should elected officials have more influence over the United States Federal Reserve?
Vince Dhimos, Editor-in-Chief at New Silk Strategies (2016-present)
US Constitution, Article 1, Section 8 says: The Congress shall have Power … To coin Money, regulate the Value thereof, and of foreign Coin…
In 1913, the US Congress violated this part of the Constitution by creating a “Federal Reserve Board” constituted of bankers who arrogated to themselves this Constititutional power rightfully belonging to Congress.
Not only was this unlawful but it also created a dangerous conflict of interests because bankers have an interest in earning money from the public and the government and could not possibly be expected to protect the interests of the people.
But Congress didn’t even bother abolishing Article 1, Section 8 because by that time – over 100 years ago – the people had already been lulled into letting their public officials do their thinking for them. Thus by then there was not even a semblance of the “government of the people, by the people and for the people.”
So, to answer your question, elected officials not only need to have more influence over the Fed, but in fact, the Federal Reserve Board needs to be abolished.
The only president to challenge the power of the bankers was Andrew Jackson. He set an example for others to follow, but no one since that time has had to courage to challenge the bankers, who are now an immovable pillar in what can be called Corporate America -- the acting government of the US.
Hence, the Great Depression, the $21 trillion debt, incessant wars, the 2008 financial crisis, quantitative easing (wanton money printing), the current stock market bubble, and the prospect of a meltdown of the US dollar.
Nothing will ever be done within the US because the government is ruled by interest groups who act as predators on the interests of the people, and the msm has Americans convinced that everything these predators do is for the good of the people. The change must and will come from the outside as Russia, China, the EU and their allies press on with their de-dollarization program and as Russian weapons and diplomacy continue to neutralize the Pentagon.
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