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Cjus 200 Reflection Paper

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FEDERAL RESERVE SYSTEM
Cathy Stout
Liberty University Government 200
Professor D. Good
12 - 14 - 2015

INTRODUCTION:
There are many government workplaces, agencies, law makers including the Federal Reserve that overstep biblical principals. Federal Reserve was put in place in 1913 by President Woodrow Wilson. The Federal Reserve is the main banking system for America. Their duties include: 1) conducting the nation's monetary policy in pursuit of maximum employment, stable prices, and moderate long term interest rates 2) supervising and regulating banking institution 3) maintain the stability of the financial system by containing systematic risk in markets 4) providing finical services to depository institutions, the United States government and the foreign official institutions. (www.usnews.com) Federal Reserve System was to help the people of America but instead it failed. "… government intervention might be necessary it is not always required."(Presentation: Regulation - Do we need it? When?) This paper will show how the Federal Reserve failed to reach its intended purposes and how it has overstepped its biblical purposes.

TROUBLE:
Due to selfishness, greed, and being power hungry has led to an economic downward spiral of the Federal Reserve System. "For the love of money is the root of all evil..." (1Timothy 6:10) Some of those reasons are: 1) the system is a debt based financial system 2) the system has way to much power 3) the system is an anti free market 4) the system favors big banks (www.theeconomiccollaspeblog.com) These are just a few reasons, there are many more. This is the reason why treasury bonds were made. The Federal Reserve would then take the bonds and create money so they could exchange with the United States government. In return government created more debt. Essentially the government was making money out of thin...

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