The Federal Reserve has lied for 100 years. It is not a government agency but a private financial institution, who serves the Wall Street. The Fed committed nonfeasance leading to the financial crisis, in which millions of Americans lose jobs and homes.
The Fed has enforced the Quantitative Easing by pumping 30 trillion dollars since 2009. QE devalues the dollar and will result in long-term inflation in US. In 2013, the Fed was sued over abusing currency-issuing monopoly in Kunming Intermediate Court in Yunnan Province of China.
In order to defend Democracy, Fairness, Freedom and Prosperity, please REFORM the FED.
Reference:
Mandy Zuo, "Kunming mother sues US central bank over shrinking cash", South China Morning Post, April 23, 2013.
Case File No.
(2013)Kun Li Min Su Chu Zi No. 3