As Thomas Jefferson said, "I beleive that banking institutions are more dangerous than standing armies...if the American people ever allow private banks to control the issue (The Federal Reserve) of currency...the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered". Anyways in Article I, Section 8 of our Constitution states: "The Congress shall have Power......To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights Measures;" ...so only congress, not the Federal Reserve, should coin money and its value, not some private central bank that loans it to our government with an interest attached to every penny.... Also in the constitution Article I, Section 10 states: "No State shall.... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;" ...meaning that only gold and silver should be used as a currency, not paper, because as we know, for every US Dollar printed, there is an interest that the Federal Reserve (a private bank) puts on it. Rather than gold, that has no interest rate, and has a standard and solid value that is garunteed/set, or supposed to be garunteed/set, by congress. Even Woodraw Wilson said in his later years after signing the central banking bill (called the Federal Reserve, that was written by the bankers themselves, not legislators, it was presented by Nelson Aldrich) in regret "I am a most unhappy man,I have unwittingly ruined my country, a great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and a vote of the majority, but a government by the opinion an duress of a small group of dominent men". Also Louis Mcfadden said "A world banking system was being setup here... a superstate being controlled by national bankers...acting together to enslave the world for their pleasure. The Fed has userped the government" , ofcourse two assasination attempts later he was killed. So I dont get it, people notice many things unconstitutional, why is it that we let a Federal Reserve (thats not even federal, but privately owned) be? Am I correct, please point out any mistakes, I havent really done much research so... BTW, a currency, that was constitutional and did not put us farther in debt (because it did not come with an interest like the Federal Reserve dollar) was introduced, its called the liberty dollar (Liberty Dollar - Wikipedia, the free encyclopedia), unfortunetly, they were accused of a lot of things and had to be shut down, by the Feds. Federal Reserve Board Abolition Act (HR 2755), too bad they didnt pass it. What do yall think, is the Federal Reserve good or bad, or what?