Does anyone know the history of the Federal Reserve Bank?

Question

and how it affects us today? I've read that the Rothschilds family

invented "fractional reserves" and by doing so was able to set up

national banks all over Europe and eventually even here. Any truth to this? Supposedly they were so powerful that they could cause depressions and wars.

Answer 1

Please watch this video:

http://www.youtube.com/watch?v=JAcjTqLBu...

The international banking families are powerful and are capable of anything. They can cause wars, depressions, terror attacks, distasters,etc. Before the Federal Reserve was established in 1913, three of the world's most wealthy men - Isador Strauss, Benjamin Guggenheim, and John Jacob Astor opposed it's implementation. And all three of them went down in the Titanic disaster. The international bankers sunk the Titanic in 1912 so they could carry out their plan for the Federal Reserve the very next year. I know it sounds far-fetched, but once you begin to understand how these people operate, you will not underestimate the lengths they'll go to achieve their evil aims.

Answer 2

http://en.wikipedia.org/wiki/Federal_Res...

Answer 3

You are barking up the right tree, my friend. Much truth to this. All I will say. Keep searching and good luck. You are in the cave with the sleeping dragon.

Answer 4

The Federal Reserve is America's central bank similar to the European Union's European Central Bank. Their job is to ensure the smooth flow of credit and funds, target low unemployment, low inflation, or some kind of balance in between as well as guard against panics such as the kind that caused the Depression. They conduct monetary policy, which is a fancy term for adjusting the amount of money (often measured as M2: liquid and semi-liquid assets) flowing in the economy to help soften the bumps and jerks of the business cycle. Ben Bernanke is actually a really well known scholar on what caused the Depression.. part of that definitely was the Federal Reserve, but in a more diminished role than it was now. They made a costly error by increasing "fractional reserves" or what is called the required reserve ratio when banks were already suffering from a lack of confidence by consumers. Banks were less able than before as a result of that action to cover their obligations, and folded.

There's nothing inherently wrong with fractional reserves though. Banks are required by the Federal Reserve to keep a percentage of the amount you deposit in your account physically in their vault or in their allotted space at the Fed. The rest, "excess reserves," they invest. They are always obligated to you to return the amount you deposited (also known as a demand deposit) at any time.

Monetary policy is powerful and can be destructive if misused, but ultimately has had a positive impact in my opinion. There are others who think the Fed is destructive by easing credit conditions and causing more inflation than they would like. The people who seriously oppose the Federal Reserve will often cite price stability as their main concern since with inflation caused by expansionary monetary policy, the purchasing power of money falls and prices rise. But what they suggest instead-- money backed by gold-- means we can no longer take actions to smooth out or soften the business cycle and that also means more short term pain in favor of what they hope will be longer term predictability.

Answer 5

There are plenty of authoritative sources on the history of the Federal Reserve -- as well as many disinformative sites on the web.

The concept of "Fractional Reserves" is simply the idea that a bank must maintain a minimum % of their deposits when making loans. Which is why your savings and checking account gets interest. The alternative is 100% reserve in which none of your deposit is loaned out and you would have to pay the bank to manage your deposits (which is how checking accounts were managed before 1980).

Disinformation sites confuse "Fractional deposit reserves" (as described above) with "Fractional Currency Reserves". Fractional Currency Reserves just means that currency is only partial backed by a precious metal.

- Re Rothschilds

Yes, the Rothschilds were quite the banking dynasty in their day, indeed setting up many banks in Europe and acting as the banks of the royals. Clearly they would benefit from international trade.

That is indeed the early origin of central banks. By 1900, the Rothschilds empire was already in decline. Anti-semetic sentiment drove the Rothscholds out of banking in Germany and France. And the the 20th century saw virtually every central bank become nationalized (taken over by the government) with a few exceptions. Today the Rothschilds banking interest don't even make the top 100 banks and the Rothschilds don't even make the top 1000 richest lists.

However, it seems that fringe web sites have difficulty updating their conspiracy theories. Rothschilds continue to be the banking boogie-man despite there are far more powerful players today.

Answer 6

Yes, it is like you said.

Answer 7

The answer is Jews! Read the Protocols of the Elders of Zion, they will not rest until the they have achieved the goal of enslaving all gentiles. monetarily or in labor camps some call business or free markets, free /cheap labor for the Jewish master race

Answer 8

This ought to help:

http://news.goldseek.com/GoldSeek/109526...