Question by Michael B: Why do we allow the Federal Reserve bank to control US money, not Congress as the Constitution instructs?
Our system of money and taxes is so secretive and complicated for the sole purpose of swindling middle and lower class citizens into being unfairly burdened with taxes to pay a national debt based on interest charged to the Federal Government for loans that fund the continuing war in Iraq. Federal Income tax does not pay for services provided by the State, those are direct taxes. Federal income tax pays for the interest imposed by the privately owned Federal Reserve Bank. Please watch Aaron Russo’s documentary on Income Tax and then answer the question.
Isn’t true that if disagreed with Congresses handling of the economy, you could vote for a new candidate the next election cycle. With a privately owned Federal Reserve Bank, you can’t even see a public record of it’s decisions and participants. I’m sorry but that is not what the Constitution instructs.
Why do people feel more comfortable with unaccountable invisible men controlling the monetary system of our country and not elected representatives who can be held accountable for their decisions?
Section. 8. of the US Constitution
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
Why do we ignore the constitution and assume the responsibility and instead trust unknown bankers?
Answer by thequeenreigns
If Congress was full of virtuous people yes, but with its well known track record of corruption, no way. we need a neutral party that is loyal to the country NOT to a party. It might seem unfair because of the tax structure and what the money is used for but can you imagine what would happen if they really controlled the purse strings. You thought pork barrel politics was bad now, if they had carte blanche, we would be drowning in pork
Know better? Leave your own answer in the comments!