There are many who have a somewhat....pejorative... view of the Federal Reserve, some of which includes the following.
1. "From 1836 until 1913, when the Federal Reserve Act was snuck through Congress, the United States did not have a central bank. It is no coincidence that this period of time marked the greatest real economic growth in the history of our nation. There was sound banking, virtually no inflation and very little unemployment.
2. In July, 1944, a secret meeting of international financiers and politicians was held at Mount Washington Hotel, Bretton Woods, New Hampshire. The Bretton Woods conference was officially named the United Nations Monetary and Financial Conference, although the United Nations was not yet in existence. Among the leaders were John Maynard Keynes (a Fabian Socialist), Henry Dexter White (communist, CFR member, Asst. Secretary of the Treasury) and Virginius Frank Coe (communist). They created the International Monetary Fund (IMF), a world central bank, and the global counterpart to the Federal Reserve System.
3. They also created the International Bank For Reconstruction and Development (IBRD), commonly called the World Bank, as the lending agency. Its objective was to make un-repayable loans to war-torn and third world nations, secured by real estate, which the bankers would ultimately possess by foreclosure."
http://www.theforbiddenknowledge.com/hardtruth/beating_the_new_world_order.htm
4. "The following passage, taken from "Chapter One: The Early 1910s: Post-Panic Creature and Party Posturing," outlines the influence of leading bankers, including J.P. Morgan, during the creation of the Federal Reserve - and the lengths to which government officials went to cover it up.
a. "Their plan called for the establishment of a National Reserve Association.
In keeping with the strategy to create a central bank without calling it such, the moniker omitted the word "bank."
b. The men agreed upon a central structure, with fifteen quasi-independent branches whose policies would be coordinated through a central national committee. It would have the power to create one standard currency that would support the country and the big banks in times of emergency, ensuring their stability.
c. The Treasury was in charge of creating coins and paper currency; its Bureau of Engraving and Printing had been producing all currency for the U.S. government, including silver and gold certificates, since 1877. A central bank would add another dimension to the U.S. banking system. (On October 28, 1914, the bureau began printing paper Federal Reserve notes, as instructed by Federal Reserve members.)....
d. The fact that it really was a means to provide an easier money supply to the big banks would not be part of its publicized benefits."
How Big Bankers Kept Secret Their Role in the Fed s Creation - Bank Think Article - American Banker
1. "From 1836 until 1913, when the Federal Reserve Act was snuck through Congress, the United States did not have a central bank. It is no coincidence that this period of time marked the greatest real economic growth in the history of our nation. There was sound banking, virtually no inflation and very little unemployment.
2. In July, 1944, a secret meeting of international financiers and politicians was held at Mount Washington Hotel, Bretton Woods, New Hampshire. The Bretton Woods conference was officially named the United Nations Monetary and Financial Conference, although the United Nations was not yet in existence. Among the leaders were John Maynard Keynes (a Fabian Socialist), Henry Dexter White (communist, CFR member, Asst. Secretary of the Treasury) and Virginius Frank Coe (communist). They created the International Monetary Fund (IMF), a world central bank, and the global counterpart to the Federal Reserve System.
3. They also created the International Bank For Reconstruction and Development (IBRD), commonly called the World Bank, as the lending agency. Its objective was to make un-repayable loans to war-torn and third world nations, secured by real estate, which the bankers would ultimately possess by foreclosure."
http://www.theforbiddenknowledge.com/hardtruth/beating_the_new_world_order.htm
4. "The following passage, taken from "Chapter One: The Early 1910s: Post-Panic Creature and Party Posturing," outlines the influence of leading bankers, including J.P. Morgan, during the creation of the Federal Reserve - and the lengths to which government officials went to cover it up.
a. "Their plan called for the establishment of a National Reserve Association.
In keeping with the strategy to create a central bank without calling it such, the moniker omitted the word "bank."
b. The men agreed upon a central structure, with fifteen quasi-independent branches whose policies would be coordinated through a central national committee. It would have the power to create one standard currency that would support the country and the big banks in times of emergency, ensuring their stability.
c. The Treasury was in charge of creating coins and paper currency; its Bureau of Engraving and Printing had been producing all currency for the U.S. government, including silver and gold certificates, since 1877. A central bank would add another dimension to the U.S. banking system. (On October 28, 1914, the bureau began printing paper Federal Reserve notes, as instructed by Federal Reserve members.)....
d. The fact that it really was a means to provide an easier money supply to the big banks would not be part of its publicized benefits."
How Big Bankers Kept Secret Their Role in the Fed s Creation - Bank Think Article - American Banker