Why has the Federal Reserve not been disestablished by the US Government?

Update:

The Federal Reserve should be disestablished and should've been disestablished many years ago because the institution in itself is unconstitutional. It allows the global banking elite to literally be in control of the United States and the entire world.

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  • 9 years ago
    Best Answer

    Because people who have a better knowledge of economics than you understand that ending the Fed would be a bad idea.

    As far as, "it won't let the government do that". The Federal Reserve was created by an act of Congress and Congress could end it.

    It is not a liberal or conservative thing either. People that believe that the Federal Reserve or some other type of central bank is necessary typically have a better grasp of economics (and reality) than those who want to end it.

    Finally, those that believe that the Fed owns the government or that the government debt is all held by the Federal Reserve, simply do not understand government debt and/or how money and banking works. Again, these people do not have a firm grasp on economics (and reality).

    BTW, the Federal Reserve is not unconstitutional either. See McCulloch v. Maryland, 17 U.S. (4 Wheat.) 316 (1819); Veazie Bank v. Fenno, 75 U.S. (8 Wall.) 533 (1869); National Bank v. United States, 101 U.S. 1 (1880); Nortz v. United States, 249 U.S. 317 (1935); Knox v. Lee, 79 U.S. (12 Wall.) 457, 549 (1871) and Juilliard v. Greenman, 110 U.S. 421, 449 (1884).

  • 9 years ago

    Because the Fed owns the government. We are so far in debt to the banking establishment that the government can only tepidly request support.

  • Anonymous
    9 years ago

    Liberals like it. Liberals are un-American traitors.

  • Anonymous
    9 years ago

    It won't *let* the government do that.

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  • Anonymous
    9 years ago

    Why would it be?

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