The United States Constitution explicitly gives congress the full authority to coin and print money.
Why did congress give that authority to the Federal Reserve Bank (the FED)? The Fed is a privately held bank, if congress printed money, it would be interest free, like what Abraham Lincoln did to finance the civil war.
But the FED, prints our money, then loans fed print moneyit to us, the US Government and its people, at an interest rate? Why is it allowed to do this? Why isn't the constitution followed even when the Supreme Court declared that the FED has no right to print money?
There were several banking panics in the years preceding that led to a centralized banking system being developed in 1913. Basically, banks stopped loaning monfed print moneyey to each other (sound familiar?) That’s why it was created. But I agree with you, it is unconstitutional. Congress has tried at various times over the years since then to have it disbanded. Which usually results in those congressmen losing their seats.
Or the congressmen end getting "whacked,"
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