Banking and how it works

The Federal Reserve

Image of Founding members of the Federal Reserve Bank

Founding members of the Federal Reserve Bank

Explaining how the US Federal Reserve Bank works from the economies pre FED days through to its birth in 1913 over the next 100 years to 2013.

Also covered is some of the relationship to the Bank of England and of course, the United Kingdom and America’s ‘special relationship’ that we hold in such high esteem these days.

Why this is important and worthy of your time to learn

Money and our economy shape every aspect of your daily life. Consider what you were taught at school, from Mathematics, Geography, Science, Metal work etc, and the one subject you will use for your entire life is money, and its the one subject that you are taught next to nothing about.

At best Mathematics will make a passing reference to concerning compound interest rates or working out the APR rate on a loan.

So what is money, where does it come from, and how are you ever going to have enough money so you don’t have to work anymore?

Without an understanding of how money works, where it comes from and where it goes, do you think that might be part of the reason why you don’t have enough of it?

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