What is their crime?
It is creating wealth on its own whim, with zero oversight.
They have plenty of oversight.
The country does not NEED such an organization. It is a parasite on our economy.
Is it full of blood suckers?
Audit the Federal Reserve. Then, continue the conversation.
The underlying problem with the Federal Reserve arises from its role in creating a fiat currency. The government is required by the Constitution to implement a currency backed by gold; it has substituted the Federal Reserve bank’s currency.
The country has an absolute right to know every detail of how this organization works...down to making its internal documents a matter of public record. We have a right to demand our Congress obtain that information. My opinion, shared by many others, is that the Federal Reserve, through its secrecy and ability to create money (don’t argue, it’s unarguable), offers an enormous potential for abuse.
Therefore:
1) The Federal Reserve should be audited, and the results made public.
2) The Federal Reserve should be disbanded.