Whenever, I bring up the Federal Reserve, I always find Woodrow Wilson’s dying words powerful as to what the Federal Reserve really is.

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

Apparently this unelected board of elite bankers is powerful enough to tell Obama no. On June 17, 2009, the administration proposed a ““comprehensive review” of the Fed’s “ability to accomplish its existing and proposed functions” and the role of its regional banks.”