Federal Reserve News

One of the most difficult things for people to understand is the Federal Reserve System and how it works. This is the first page of an online book devoted to just that purpose, making it easier for people to understand the Federal Reserve System and how it is truly the greatest hoax ever perpetrated on the American people, hoodwinking them into believing that fiat money is solid, secure, and holds its value, when in truth it is anything but solid, anything but secure, and loses its value steadily over time. Register now and help us get this going!

Toward that end, this is an online book that is being created collaboratively by a wide range of people, similar to the way Wikipedia articles and topics are created. Our primary influence is the Austrian School of Economics, which has contributed more to the knowledge and understanding of the Fed than any other economic philosophy.

If the topic of this online book is of interest to you, and if you know something about it, you are invited to participate in this online book's creation here on this website. The wiki-like interface for discussing and contributing to the various chapters and pages as well as the book's overall organizing is the main way registered contributors can participate in the book's development, and we will add wiki-like features over time to make the collaborative writing, and editing of this book easier for all to do. You can also use the forums section for further discussion of the book. If you have suggestions on how to improve the interface, contact the webmaster to make your suggestion.

This online book is available to the public free of charge and is offered as a public service, in order to help educate the public about this vital issue.

Here's a tentative list of proposed chapters. It is by no means a complete list, but merely a starting point for discussion and development of the book.

• The history of money
  • Barter
  • Early forms of currency
  • Gold as money
  • The role of money in society's development
  • How gold was debased historically
  • The development of paper currency
  • Not worth a continental (American Revolution)
  • Constitutional requirements
  • The gold standard
  • Paper currencies in America
  • Alternative currencies in America today

• The history of banking
  • The earliest central banks
  • The Bank of England
  • 18th century free banking in Scotland
  • The Rothschilds in Europe
  • Earlier attempts at national banks in the USA

• The founding of the Federal Reserve System
  • National Monetary Commission
  • 1910 Jekyll Island, Georgia
  • The Aldrich Plan
  • The Glass-Owen Bill
  • The passing of the Federal Reserve and the Federal Income Tax, 1913

• The Federal Reserve System
  • Structure -- Who owns the Fed?
  • Powers of the Fed
  • How money is created and destroyed under the Fed
  • The tools of monetaristic control
  • Inflationary and deflationary effects
  • How the Fed undermined the gold standard
  • The history of boom and bust under the Fed
    • The Roaring Twenties
    • The Great Depression
    • The 1950s
    • The 1960s
    • Bankers behind the scenes throughout the decades
  • Modern Fed History
    • The IMF
    • Pulling the strings -- facts, rumors and speculations
    • The end of the gold standard, 1971
    • Strong as the dollar
    • The dollar as worldwide currency
    • Fed stimuluses over the last three decades of the 20th century and the debasing of the dollar
    • Modern history of booms/busts
  • The Fed in the 21st Century
    • 9/11
    • The National Debt
    • The end of M3
    • JP Morgan and the Fed bail out Bear Stearns
    • Fannie Mae and Freddie Mac
    • Where we are today
    • Where are we headed?
  • Conclusions