Aquitaine
Well-Known Member
Hi guys, I've just seen an interview with Alan Greespan the former Chariman of the Federal Reserve (1987-2006) claim that the Federal Reserve is an "Independent Agency" that "no other Government Agency can overule actions that we take".
Does this mean that the Federal Reserve is a private company of some sort, and not a part of the US Government?
I've honeslty always thought that the Federal Reserve was part of the US Government, am I wrong?
Here's a video link to the section of the interview I'm on about:
http://www.youtube.com/watch?v=pVmxQsvj6lo&feature=related
The full interview can be found here:
http://www.youtube.com/watch?v=8xrsO_hYmuY&feature=related
Please tell me what you think.
Does this mean that the Federal Reserve is a private company of some sort, and not a part of the US Government?
I've honeslty always thought that the Federal Reserve was part of the US Government, am I wrong?
Here's a video link to the section of the interview I'm on about:
http://www.youtube.com/watch?v=pVmxQsvj6lo&feature=related
The full interview can be found here:
http://www.youtube.com/watch?v=8xrsO_hYmuY&feature=related
Please tell me what you think.