What Is The Federal Reserve???????

Really! What the heck is the Federal Reserve. I mean what is it really? My sources tell me that the Federal Reserve is the Government’s banker. My sources also tell me it is the Banker’s banker. The Federal Reserve hangs on to all the American bank’s extra cash. The Federal Reserve controls the American supply of money. The Federal Reserve provides a system that enables people around the country to pay checks to one another. You see, during the earlier days of our country, money would pool in some places and not in others, creating a lot of problems. If a businessperson needed a loan, sometimes there was no money for it because the money had collected in other places. And all the gold and silver our country is reputed to have in Fort Knox is there to back up our currency. The Federal Reserve does not do business directly with the public.

Suellen Ocean is the author of the historic novel The Celtic Prince Available here:


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Suellen Ocean

With a Bachelor of Arts degree from Sonoma State University, Suellen Ocean does her writing from the hills of Northern California. She began writing professionally for print and radio broadcasting in the late 1980's. Her first self-published book led to her becoming "officially" published, when in 1998 she was asked to participate in the anthology, "The Simple Life" through Berkley Books, New York. She is the author of sixteen books on diverse subjects.

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