In this revealing eBook, we'll teach you how the Federal Reserve controls the money supply, pin-point a few critical points in Federal Reserve history, and uncover several important myths and misconceptions, like who owns the Federal Reserve Bank.
Since the Federal Reserve Act of 1913, the Federal Reserve Bank has claimed control over U.S. monetary policy. But as a private bank/quasi-government agency, what is the full extent of its powers? What role did it play in the recent financial meltdown? Is the Federal Reserve Bank a danger to your money?
This eye-opening report represents more than 10 years of research by financial analyst Robert Prechter. It goes beyond Federal Reserve history and its government mandate and digs into the Fed's real motivations for being the United States' "lender of last resort."
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Robert Prechter began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. He has been publishing The Elliott Wave Theorist since 1979 and is the president of Elliott Wave International. He is also Executive Director of the Socionomics Institute, which studies social mood and its impact on social action, including the stock market and the economy.