What Happened to the Federal Reserve Bank?

The thought of debasing economies in order for centralized banking powers to swoop in and globally centralize and consolidate financial and economic power sounds far fetched, but is it really? Naturally with any claim, a good way to find out is to actually investigate the facts to determine their validity. International banking is a centuries old institution so  really getting to the bottom of this question involves looking at the history of banking to connect the dots between current banking systems, and banking institutions. To find all the dots or greatly elaborate on this would conceivably take more than one blog post, but some of the bigger more obvious dots might help discern an outline of the basic picture of what happened to the Federal Reserve Bank.

Source: US PD

In the last two decades the Federal Reserve Bank has allowed economic bubbles to inflate and burst repeatedly indicating a likely awareness of how monetary policy was influencing the economy. This is corroborated by Lawrence H. White of the Cato Institute, despite mention of former Fed Chairman Allen Greenspan's denial of such. Moreover, a lowering of interest rates fueled the housing bubble that later became a housing crisis. This was embellished by deregulation that took place in the late 1990's and thereafter; for example,  the Gram Leach Bliley Act of 1999 aka the Financial Services Modernization Act which deregulated interstate banking services among other things.

The Federal Reserve was formed via a congressional compromise to solve decades of prior banking problems according to Mint. Whether or not bankers deliberately perpetrated an environment that could be exploited in this way is investigated by various research groups and investigations such as Political Research Associates. This group believes the Federal Reserve Act was indeed a congress wide bipartisan compromise, and not the result of a secret meeting between bankers and senators. 

The Center for Research on Globalization claims the Federal Reserve is owned by ten financial institutions including N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York. If this is true then there may be reason to belief there is a least a conflict of interest. See Moneycation's October 19th and May 16th posts for more on this. 

The Federal Reserve bank has the power to lower interest rates through its monetary policy in addition to the ability to purchase assets in the open market. It was also formed to solve a banking crisis, but has contributed to future banking crises and is owned by a cluster of specific banks that may indicate of a conflict of interest. This makes sense given the nature of the bank is a hybrid of government and banking interests and a lot can happen in 100 years including a rerouting of those banking objectives. There may be confusion between conspiracy and mismanagement, where the former is about subversive plots and the latter is more about misguided policy.