====== The Federal Reserve ======
The U.S. central banking network is known as the **Federal Reserve System** (or simply **Federal Reserve** or **Fed**).

  * [[https://research.stlouisfed.org/|Economic Research Dashboard]] (highly useful)

===== History of the Federal Reserve =====
  * The Creature from Jekyll Island: A Second Look at the Federal Reserve is a book by G. Edward Griffin that explains much about the nature of the Federal Reserve and misunderstandings surrounding it.((https://archive.org/details/pdfy--Pori1NL6fKm2SnY))

===== Monetary System Problems =====

==== Mortgage Bond Market Bubble (1995-2007) ====

==== Repo Market Breakdown ====
In the aftermath of the repo market breakdown in the fourth quarter of 2019, the Federal Reserve lent $1.5 trillion each to [[JP Morgan]], [[Goldman Sachs]], and [[Citigroup]]. The names of these banks were not released until December 31, 2021, though media organizations were entirely absent in reporting the story.((January 3, 2022 | Wall Street on Parade | [[https://wallstreetonparade.com/2022/01/theres-a-news-blackout-on-the-feds-naming-of-the-banks-that-got-its-emergency-repo-loans-some-journalists-appear-to-be-under-gag-orders/?s=03|There’s a News Blackout on the Fed’s Naming of the Banks that Got Its Emergency Repo Loans; Some Journalists Appear to Be Under Gag Orders]]))