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The short answer is no, the Federal Reserve System does not help maintain a competitive private enterprise economic system. The Federal Reserve is the central bank of the United States of America and exists solely for the purpose of benefiting bankers. The Federal Reserve is a consortium of twelve private banks which are not part of the United States Government.

These private banks purchase paper notes from the U.S. mint for printing cost or simply enter digital money into their computer then lend back the money plus interest to the people through member banks. The profits go into the share holders of the bank's pocket's, the U.S. public receives no benefit. Every American should learn more about the Federal Reserve.

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โˆ™ 2008-02-12 22:57:20
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Q: How does the Federal Reserve System help maintain a competitive private enterprise economic system?
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