Here's an excerpt from my recent argument about the Fed and its role in modern government. It would be nice to get some thoughtful contributions and to take it to the next level.
Everything you've describe in the first part is the result of US government activities: from spending, to military adventurism to pressuring banks to selling mortgages to niggers, who could never pay them back.
But then you go on to blame the Fed, as if its the Fed that :
a) sends troops to fight wars
b) authorizes banks to give loans it never expects to receive back, creating bubble economy
c) creates unemployment due to establishing such a climate for business, which spurs outsourcing of jobs
d) meddles with business operations to achieve short term political gains, raising unemployment even higher.
and you along with Banjo Billy then blame the Fed for not being accountable enough before the government, you blame it for being semi-private held, as if the US government is not the sole perpetrator, but the victim or an innocent bystander in all these scornful activities you've described!
Yes, you could make the case, quite correctly, that these are economic crimes, and I agree with you, but hey, the Fed is NOT a main government body responsible for economics.
The FED does only thing: regulating circulation of money throughout the economy. Injecting more money, when more is needed, or removing money from circulation, when it needs to lower inflation rates, influence interest rates. That's it.
While the whole economy is under supervision and direct control of a 100% government entity - US Treasury.
And then you blame the Fed for not being 100% government owned,
As if the 100% government entity, US Treasury, has shown any degree of good judgement or restraint in printing new T-bills to finance US government's populist business, to pay for adventurist billons-worth militarization programs in space, nuclear proliferation in Europe or wars around the globe, and as if it has shown any level of economic responsibility and good sense, when engaging in idiotic socialist programs like sponsorship of mortgage programs.
During the recent real estate market crisis it was actually the Fed, that had to sort shit out, after US government populist activities with mortgages led to the collapse of real estate market.
Everything you've described is either directly, or indirectly the result of US government's crooked, short-sighted and borderline criminal policies. But the socialist propaganda of the US state led you to believe into the nanny state so much, that you can't accept this simple and evident truth -the government, the whole system of elected representatives, has failed and keeps leading the nation astray.