10 Things That Every American Should Know About The Federal Reserve

Good article, all true. The Fed is an out of control monster concerned primarily with protecting it's monster status. It boggles the mind to think that these private bankers can give money and guarantee loans to whoever they wish, then, if things sour, stick the US taxpayer with the bill. The problem is that the Fed is an invasive cancer in our economic system and any attempt to cut it out could result in the fatality of the patient. I don't think returning to a gold standard is practical or even possible at this point without hyper inflation. There isn't enough gold on planet earth to give the trillions an trillions of Fed Reserve Notes any real value if we did. Still I'd be interested in hearing if anyone had any ideas on how to rid us of this parasite without destroying the country.

American people are too busy trying to feed their children not realizing that Federal Reserve is a reason for our struggles.

First, let's realize that shutting down the Fed is is a Libertarian talking point and the link site leans that way too. That's fine. Perhaps we have some common ground here.
The key point for me is that the Fed is in no way Constitutional in its power. It was created by act of Congress and that act has been amended some 200 times. So lets amend it again for greater accountability and transparency, then see what we've got.
Previous Fed head Alan Greenspan unilaterally allowed the rampant risk-taking of the early and mid 2000's with the logic that it was self-correcting. Then, after the collapse, he simply said, "I was wrong". That's a helluva way to run a financial system.
Bernanke? I'd feel better with Paul Giamatti.

most americans know little about the fed reserve people are only concerned with there daily problems very few are educated about goverment at all the fed needs to go and we should have never brought it with us when our country was founded

Voted up. The authors of the Constitution feared bankers more than a standing army. Madison actually vetoed a bill that would have provided for a central bank. Lincoln was part of the what was the Whig Party, later to morph into the Republican Party, which actively championed such a bank. The thing is the Fed prints the money which we borrow from and then we pay interest on. This inherent inflation is what is, and has been, killing us little guys since 1913 when the Fed began (I believe that date is correct- I'm doing this from memory).

Okay, so with what sort of agency do we replace the Fed, or do we allow Congress to directly issue currency?

Overturn the moneychangers!

Time to Occupy the Fed!

People against the Fed!

The Fed is Heart of Predatory Corporatocracy!

Here here. I second that. Thanks for the post.