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.
You are wrong on all counts. The Federal Reserve is technically a semi-public organization, but it was created by congressional mandate and has the purpose and duty to steer the nation's underlying financial foundations. It does not exist or function to make money.
As was mentioned some private banks have a function within the organazition, but it's highly regulated. It would be a bad idea for the government to make decisions about ANY industry without first consulting those within that industry. Government employees know how to run the government (sort of), they aren't usually experts in other fields.
Maybe at least try google before you discuss topics which you have no knowledge about?