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.
I suggest you read the Constitution. If you still have a hard time seeing your error, I'll be glad to help you understand.
The country has an absolute right to know every detail of how this organization works...
Every detail? In real time? Do you feel the same way about our intelligence services?
the Federal Reserve, through its secrecy and ability to create money (don’t argue, it’s unarguable),
Argue that they can create money? Why would I argue that?
The Federal Reserve should be disbanded.
And replaced by what?