The Federal Reserve System is a central banking system that distributes fiat money; thus, It is a fraudulent institution.
President Andrew Jackson spent the majority of his presidency dismantling the Second Bank of the United States, and his reasoning is as follows:
* It concentrated the nation's financial strength in a single institution.
* It exposed the government to control by foreign interests.
* It served mainly to make the rich richer.
* It exercised too much control over members of Congress.
* It favored northeastern states over southern and western states.
* Banks are controlled by a few select families.
* Banks have a long history of instigating wars between nations, forcing them to borrow funding to pay for them.
It seems not much has changed.