The Fed was created by business leaders and the government in an attempt to bring stability to the financial system.
But the Central Bank didn’t have many well-wishers on its big day.
Public outrage over the Fed’s policies has been escalating over the past few years, primarily due to the Bank’s quantitative easing policy which includes buying $85 billion worth of treasury bills and bonds each month – recently lowered to $75 billion.
In honour of the Fed’s 100th year, the Twittersphere experienced an outburst of Fed-hating, with some calling the Fed’s actions ‘financial terrorism,’ and others calling for the Fed to shut down forever.
See also: Gold and the Fed’s rocky relationship
Celebrating 100 Years of The Federal Reserve
A tradition of blowing bubbles and popping them.
#FederalReserve #Fed pic.twitter.com/FOy1QWtzdt
— Randy Hilarski (@RandyHilarski) December 23, 2013
Fed turns 100 today. Don't forget to send a gift. More U.S. income inequality or dried fruit baskets preferred. #fed #yellen #economy
— Andrew Huszar (@AndrewHuszar) December 23, 2013
…..Happy Birthday dear debaser-of-the-currency-with-your-reckless-money-printing, Happy Birthday to you…. #Fed100
— Stephanie Kelton (@StephanieKelton) December 22, 2013
100 years ago America's sovereignty was high jacked by monetary, financial terrorists. This private Corp given monopolistic control. #FED
— Peter Spina (@goldseek) December 23, 2013
Only 3 More Days to the 100th Anniversary of the establishment of the greatest cartel I mean institution in US History!
#Fed100
— Rudolf E. Havenstein (@RudyHavenstein) December 20, 2013
Comments
Bill Kandravi
Where would Obama be with out the Fed, of all people for him not to send a present to, must be on the Golf Coarse or trying to find a doctor that you can keep!