Quote Originally Posted by gugi View Post
That is not exactly true either. The Federal Reserve is very different from Federal Express! Last time I checked the governors of the federal reserve were appointed by the President of the United States. It is a hybrid between private and public, where the private banks advise the public officials and can influence the policy this way, but the notion that the private bankers run the government is just false. The government officials regulate the banking system.
And even in democratic countries with a very centralized banking system politicians don't have a total control of the banking sector. I knew a banker back in my country who just told the prime minister that what he requested is not going to happen because it's impossible. Also within few months of that the banking system collapsed (most banks went bankrupt) and the government fell as well. Ever since the government has had very limited power on what they can do as the country entered a currency board - not so much different from what you describe.
I'm having too much fun here. What or who do you suppose influences the President in who he appoints as governors to the Fed? I would guess that there is some bit of leverage used to make sure he sees the light. I just want to throw down a few quotes:

Charles A. Lindbergh, Sr. 1913 "When the President signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."

"Whoever controls the volume of money in any country is absolute master of all industry and commerce."(Paul Warburg, drafter of the Federal Reserve Act)

"Permit me to issue and control the money of a nation and I care not who makes its laws."(Mayer Amschel Rothschild)

That's just a few, there are many places to read more about the Fed. Wiki is not one of them. I'll reach out and pick one...Federal Reserve ~ The Enemy Of America It's not the only one, there are many. Have a read.

I do find all this interesting. I would have liked to see Ron Paul as President, especially if he would straighten out our monetary system. But I don't think that's going happen as things are.