The Federal Reserve is the central banking system of the United States. It was created by Congress and enacted as the Federal Reserve Act which was signed into law by President Woodrow Wilson on December 23rd 1913 at 6:02 pm. The Federal Reserve banking system is a quasi government entity that is composed of 13 private member banks. The purpose of the Federal Reserve was to ensure monetary stability, and to prevent bank failures during times of financial panics. In order to achieve control of the nation’s money supply, Congress granted the Federal Reserve the power to print money, regulate the national interest rate, have power over member banks’ reserve requirements, and have the power to conduct marketplace operations. In essence, the Federal Reserve has the power to determine the direction and use of money in the American economy.
Controversy about the Federal Reserve Act of Congress and the establishment of the Federal Reserve banking system existed prior its passage and continues to this day.
The Federal Reserve horoscope can be broken down into the following portents:
- Mars/Neptune conjunction rising in opposition to Jupiter
- Sun/Pluto opposition squaring the Aries “World Axis” Midheaven
- Mercury/Saturn opposition squaring the Nodal Axis
- The Moon’s Via Combusta position
- The Moon/Mars Mutual Reception by Rulership and Trine…
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