Understanding the Federal Reserve System

A FREE eBook the Federal Reserve Bank Doesn't Want You to Read

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.

  • Format: Report
  • Price: $29.00 FREE

Is the Federal Reserve Bank a danger to your money?

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."

You'll learn:

  • Telling insights into past and present-day Federal Reserve history.
  • How the Federal Reserve Bank manufactures money.
  • How the Federal Reserve system encourages the growth of credit -- and why that's deflationary.
  • What gives the Federal Reserve Bank the authority to bail out troubled institutions.
  • The difference between creating money and facilitating credit in the U.S. Federal Reserve system.
  • Whether the Federal Reserve Bank can manipulate the stock market or economy.
  • How the Federal Reserve Bank is ignoring historical lessons about central banks.
  • How the Federal Reserve Bank's actions, combined with public outrage, may ultimately lead to its demise.
  • Plus much more about the Federal Reserve Bank, its secret activities and your money.

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Meet Your Author

Robert Prechter

Robert Prechter

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 founder of the Socionomics Institute, which studies social mood and its impact on social action, including the stock market and the economy.