The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved.Events such as the Great Depression in the 1930s were major factors leading to changes in the system.
By Johnny Liberty
Author's Note: This 30th Anniversary edition of the Sovereign’s Handbook has been released not only as a special print edition, but as an affordable eBook to assure maximum distribution of the ideas behind the life’s work and vision of Johnny Liberty. This important work is an idea whose time has come once again. Together, may we “Make America Great Again”.
The united states of America is at the front lines…