The Federal Reserve is the privately-owned central bank of the United States since 1913, that issues money into the economy as a debt with interest payable to them, and regulates the value thereof through various means.
From http://usconstitution.net:
“Section 8 – Powers of Congress”
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”
From the above, we see that Congress has the sole power to regulate the value of coined money. Since the Federal Reserve is an institution that regulates the value of coined and uncoined money through various means, yet isn’t Congress itself, it and its activities are therefore illegal.
More in-depth analysis will follow in future postings that will serve to only strengthen the case against the Federal Reserve.
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