The Federal Reserve - It's Time to Put an End to Central Bank Independence

If "atypical taxation" could resist colonialists against the British royal family in 1776, now is the time to finish the independence of the central bank FRB - now. The FRB's monetary policy also has a serious social burden. This is measured by gross output, income, and significant changes in employment. Like the British royal family two centuries ago, the very arrogant Federal Reserve formulated and enforced its policy directive without democratic investment, accountability, or remedy.

Fedcoins: FRB is considering its own digital currency. In the latest survey, the Federal Reserve Bank of St. Louis is considering using a central currency called "FRB coin". Key points: According to existing standards such as Ethereum's ERC 20 and ERC 223, central banks can easily introduce cryptographic currencies. Alternatively, the central bank may attach a value component to a portion of an existing cryptographic set such as a bit coin. In order to use the FRB, citizens need to present identity proofs and establish wallets that can buy new currencies at a one-to-one ratio to the FRB or related banks. This will eventually lead to a slow loss of cash in cash. This survey argues that the establishment of "central bank's electronic money" enhances the stability of the financial system, simplifies and clarifies monetary policy, and requires little administrative control. (Federal Reserve Bank of Saint Louis)

US monetary policy is determined and implemented by the Federal Reserve System (commonly called the Federal Reserve System). The Federal Reserve is a semi-public agency established by the Federal Reserve Act in 1913 to provide central banking functions. On the surface, the Federal Reserve Bank is 12 private banking companies, which are independent in day-to-day operations but have legislative responsibilities to Congress under the auspices of the Federal Reserve Board .

Federal Reserve System: Central Bank of the United States Today, the Federal Reserve knows that it was founded by the "Federal Act" enacted by President Woodrow Wilson in 1913. The so-called Fed is an American central bank. First, the work of the Fed is to manage the money supply in our country. - The name of the Federal Reserve seems to be controlled by the government, but this hypothesis assumption is wrong. FRS is independent from government suburbs. The final decision within the Council is not made by the president, but by the federal system Congress can consider it. The FRS will report to Congress annually to inform them about the situation of their ongoing work.