What is the Fed?

The Federal Reserve, “the Fed”, is the central bank of the United States of America that was created in 1913 by Congress. It is a private banking cartel that has a government-granted monopoly on the creation of money and credit. The Fed literally loans “money” (Federal Reserve Notes) into existence.  Federal Reserve Notes are paper promises backed by nothing of intrinsic value and they are only functioning as money because the government forces them on the public through legal tender laws.  Federal Reserve Notes are referred to as dollars but are not.  The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national counterfeiting operation with the protection of the government.