Closing out the blog… (maybe temporarily for the sake of class) here is a somewhat detailed, but definitely straightforward and specific page on where each candidate stands on the Federal Reserve, and other big economic choices such as the gold standard.
Hopefully this blog has helped you formulate an opinion on these big issues.
In the current election, Wall Street and the Federal Reserve are major points brought up time and time again. Recently socialist Bernie Sanders, teamed up with an unlikely match. Republican Senator Rand Paul was joined by Sanders in an aggressive move to check up on the bank. The Fed is a private organization, and all private organizations are subject to being audited. So it would make sense that the private organization in control of the United States economy should be checked up on every now and then. This request was rejected. The Federal Reserve still stands in its full might, unchecked.
I wanted to try and avoid diving into the Kennedy vs. Fed debate, but it is a necessary part to the history of the Bank. This blog was a brief summary, covering one of the biggest factors in United States history that is rarely addressed with enough thought to do it justice. The central bank has almost complete control of the economy. Jackson saw it as truly evil and worked solely on destroying it, while JFK might have warned against future growth and control, possibly starting actions against it. Some Presidents believed it is the opposite of deadly. They saw it as a safe solution to monetary control, and economic stability. Hopefully this blog has sparked an interest in the economics of the United States, and the world, while possibly inspiring research in every side of an argument. It is never good to simply believe what is stated without at least a little research, but it can be just as harmful to fabricate outlandish theories. This went a little off topic, but it is nice to climb back to reality, and stop accidentally preaching.
Some support for the JFK vs. The Fed (and the oh so mysterious powers at be)
This is a condensed version. (full about 20 minutes, easily found on YouTube)
Very interesting, another topic that has been a major part in conspiracy theories around JFK and The Federal Reserve.
Executive Order No. 11110 is one of the most debated actions in JFK’s administration. People go as far to say it is the reason he was assassinated, but it still remains up to question exactly what it would mean for the bank. Some believe it would increase the Fed’s power, other’s think it would destroy the Fed. In the most basic sense, the Document gives the Secretary of Treasury the ability to issue silver certificates. There is an overwhelming rabbit hole you can fall down surrounding JFK, and the Federal Reserve. I urge people to explore it, but always with a great amount of awareness. A common theme for this blog is to learn both sides. Address arguments surrounding debated topics, without plunging head first, ignorantly backing one idea. This document is a perfect example of an extreme. Jim Marrs discussed potential meanings, results, and theories around the order in his book “Crossfire” that started huge debate. I’m far from a conspiracy theorist, but at the very least, all of this stuff is interesting to hear about.
John F. Kennedy is one of the most famous, recognizable Presidents in United States history. JFK seemed like he could do it all, aggressively fighting for civil rights, calmly handling a constant nuclear threat, and charmingly enthralling the public. Kennedy is widely talked about to this day, and unfortunately, he is a major topic for conspiracy theorists, making it very difficult to find/provide an unbiased form of information. My goal in the next few posts will be to discuss JFK’s involvement with the Federal Reserve, dabble into the theories surrounding those acts, and allow the reader to leave with their own, uninfluenced opinion.
The Federal Reserve is the current central bank, residing in 12 locations, with 24 branches. It was created on December 23, 1913. President Woodrow Wilson believed this act, to create this system, was the safest way to achieve a better monetary, and financial system. (Monetary Policy is a name for the policies covering the flow of money through the economy. It affects interest rates and overall success of the U.S. economy.) Ideally this institution would allow for the maximum amount of employment, cash flow, and control over inflation/deflation rates. Around 38% of the nations banks are known as member banks, a bank regulated by the Fed. Several councils and committees exist, most notably the FOMC, or Federal Open Market committee (the group responsible for managing the monetary policy). The Federal Advisory Council, the Thrift Institutions Advisory Council, the Consumer Advisory Council all discuss interests and issues involving the bank over the year. This is a very basic summary, but a necessary one, to understand the current bank, and its parts.