This is an upclose look at the Federal Reserve . I delve into the thoughts of Ron Paul, Alan Greenspan, Jefferson and more. It is a paper I wrote
during Spring semester for a poly-sci class. But don't just look over this thread. It is about the Federal Reserve and it asks the sort of questions
that need to be asked.
I was required to visit the Federal Reserve as part of the assignment. Interestingly enough there was a weird juxtaposition of events which ocurred at
I have been a volunteer at the Latin American Association here in Atlanta, GA for several years. (Not trying to toot any kind selflessness here, I
enjoy volunteering there and I like people. ) (And I like practicing my Spanish) (Specifically with Spanish-speaking ladies
Ok here goes. There was a four month period in which I had to, at some point, take a tour of the Reserve before writing this paper. The days were
going by and I was busy studying and writing songs. And working. Anyway, I got an email from the woman in charge of gathering up volunteers telling
me that the award ceremony this year to honor all of our sponsors and some of our hardest working volunteers(I'm not one of the hardest working ones.
No awards for me
was to be held at the Federal Reserve in Atlanta in one their banquet halls. We were going to be taking a tour of the Reserve
before our ceremony. "Weird", I thought to myself. "That's killing two birds with one stone."
So I took the tour of the reserve and I got a peak underneath the curtains. Just take a look at what I found.
The Federal Reserve was created in 1913 and is considered to be eclectic in that it
embodies a merging of both public and private elements. I have visited the Federal
Reserve Bank in Atlanta, GA where I toured the bank and I observed quite precisely
all of the information which was available. Although the topic of much controversy at
the time of its creation, due to factors which will be reviewed in this paper, it is the
source of all American currency in that the Federal Reserve is responsible for printing
American dollars. This paper seeks to explore the birth, structure, and purpose of the
Federal Reserve as well as to show this institution from the perspective of one of its
fiercest critics, Dr Ron Paul. This paper will attempt to demonstrate that there is more to
the Federal Reserve than meets the eye.
The creation of the Federal Reserve is almost as complex as the creation of the
United States of America. The monetary system of the colonies and later the States went
through so many different changes at many different times that it is beyond the historical
description and background of the Federal Reserve to list all of its stages in this work.
The most significant point leading up to the creation of the Reserve is poignant. Before
discussing that point it is important to review the new information gleaned from the tour
at the Federal Reserve Bank pertaining to the nature of currency. A deeper look at
previous human societies is necessary to understand the birth of the Federal Reserve.
At the Federal Reserve Bank I encountered a beautiful exhibit that opens up a
window to our past and offers a timeline about the origins of barter, trade, and money.
The exhibit held the interest of everyone on the tour. In a series of sixteen glass enclosed
curio cabinets are artifacts, amulets, ancient coins, throwing knives, sketches, ancient