The Federal Reserve System

Michael S. Rozeff, on May 4, 2010, published part eight of his brilliant story on America’s decline into unconstitutional money, entitled "The U.S. Constitution and Money".

Rozeff's mission is to summarize one of my favorite monetary books of all time, Edwin Vieira’s Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution. Part eight below is about the federal reserve system and Rozeff states, "This is the first of several that sheds light on the Fed. I also include a note on money and a note on banking. Discover how half a dozen court cases have failed to arouse the courts to consider the statutory basis of the Fed, and how the courts put down both Henry Reuss and Don Riegle. Find out what Congressmen were thinking as they debated the Federal Reserve Act in 1913. Discover what part of the Fed is governmental and what part is private, and how the whole operation is a corporative state (fascist) cartel. The Fed’s constitutional vulnerabilities will be addressed in a future article."

The U.S. Constitution and Money, Part 1 and Part 2, can be found here.

The U.S. Constitution and Money, Part 3 and Part 4, can be found here.

The U.S. Constitution and Money, Part 5, can be found here.

The U.S. Constitution and Money, Part 6, can be found here.

The U.S. Constitution and Money, Part 7, can be found here.

The U.S. Constitution and Money: The Federal Reserve System (Part 8)

The U.S. Constitution and Money, Part 9, can be found here.

Michael S. Rozeff is a retired Professor of Finance living in East Amherst, New York. He is the author of the free e-book Essays on American Empire.