Topic > The Federal Reserve and the Federal Reserve - 832

Have you ever wondered what is really done with the money you pay taxes with? If all people in the United States were fully aware of the debt in our economy, we would be able to manage money better than the Federal Reserve. What is the Federal Reserve and what does it really do for our country? The Federal Reserve is the central bank of the United States. It incorporates 12 Federal Reserve branches, all national banks and state-chartered commercial banks, and some trust companies. The Fed attempts to control the U.S. economy by raising and lowering short-term interest rates and the money supply. The US national debt as of 5/5/2014 is $17,475,938,027,085.74 and increasing by $2.42 billion per day. In the USA there are approximately 318,162,101 of them, if divided among citizens each citizen would have to pay $54,927.78. To begin with, the first American coin dates back to 1775 -1791. To finance the American Revolution, paper money known as continentals was created. However, inflation occurred due to lack of financial experience and the continents became useless. Then in 1791 the first central bank opened in Philadelphia. Many people were concerned because the central bank has the absolute most power. In 1811 congress decided that the contract should not be renewed. In 1816 Congress supported the idea of ​​central banking again, but when Andrew Jackson was elected he declined the idea of ​​central banking in 1836. Over the years there was a free banking era. Then, in 1907, there was a panic and Congress leaned on the central bank. The Americans were determined, but they wanted to ensure that the central bank had limited power and that it provided for the needs of the economy. There was a dispute in congress in... halfway through the document... the real problem is the work of not listening but paying attention. When the news addresses an issue they tell you what they want you to hear and that isn't the truth. If every American were untouched by real national problems, there would be no problems and problems of ours. Many Americans are too tired and exhausted to do any form of research because they work dead-end jobs trying to feed their families and themselves. Not to mention paying the mortgage or rent on the house so they can have a place called home. Not to mention those who are brutally stuck in what society thinks and spend more than half of their day on their phones using social media, playing games and listening to music. If these obstacles were eliminated, many Americans would stand up to the government and take control of our nation and bring those in the Federal Reserve and corrupt to justice..