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Originally posted by curiousity
The Fed keeps raising the interest rates in spite of rising gas prices and over all increase in cost of living. that's the news.
What I want to know is who are the Reserve? Who do they answer to?
Why do they exist?
And most important of all, does anyone remember the announcement back on 9/11 that the Reserve was moving hundreds of thousands of our dollars out of America? I think it was being moved to Cannada, but memory may not serve me well there.
I heard that announcement with my own ears, though I don't recall the exact amount of money mentioned. I was living in Calif at the time and watching news all day every day from 9/11 on for quite awhile. I heard that announcement once, and never again, nor any discussion about it.
Anyone else curious?