Federal Reserve Was Formed For US??? "And while we appreciate Dudley's de facto confirmation of what we have said for years, namely that the Fed is not only a political entity, one which picks the US president as the former NY Fed president admitted, but that the Fed is an even more powerful entity than the top US executive (an entity which as Bernanke's former advisor once said: "people would be stunned to know the extent to which the Fed is privately owned"). One hopes that finally a discussion can take place, whether in Congress or elsewhere, if such an entity should exist." Source: https://www.zerohedge.com/news/2019-08-27/bill-dudley-shocker-ex-ny-fed-president-urges-feds-powell-prevent-trump-re-election Is The FEDERAL RESERVE Constitutional? I will watch their work closely. https://www.federalreserve.gov/aboutthefed/boardvotes.htm Is the Federal Reserve a for profit organization?  Is that appropriate? And about the currency... "The value of Federal Reserve notes in circulation at year-end 2018 totaled $1,671.9 billion, a 6.4 percent increase from 2017. The year-over-year increase is attributable largely to increased demand for $100 notes. The Board estimates that at least one-half of the value of Federal Reserve notes in circulation is held abroad, mainly as a store of value." Source: https://www.federalreserve.gov/publications/2018-ar-federal-reserve-banks.htm#xfederalreservepricedservices-33edc559