Originally Posted by
andy171773
Because the federal reseve is NOT a government organization..it's private, and headed by the major banks of the united states. They make money off of the government for every dollar that's made. A weaker dollar, means more of them out there....and more money for them.
The Federal Reserve System is a partial government organization, it was created by congress is the 1910's, the board of governors is appointed by the President, Federal Open Market Committee, and the 12 Federal banks also compose a large chunk of the membership. Now private banks and other councils also belong, but to say it is not a government organization is not true.