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The Federal Reserve
NO. 1
Today, we’re going to asking some questions all focused on the Federal Reserve. Who created the Federal Reserve? What is its purpose? And how does it continue to control us, poor and middle-class folks, today? The Federal Reserve Act was signed by President Woodrow Wilson on December 23, 1913. Generally speaking, it has five general functions, ‘‘like conducts the nation's monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system; promotes the safety and soundness of individual financial institutions; fosters payment and settlement system safety and efficiency and promoting consumer protection and community development.
NO. 2
The first myth about the Federal Reserve, is that it is controlled by the federal government, hence the name. But in actuality, it is a private institution whose shareholders are commercial banks, hence the term, ‘bankers bank’. The word ‘federal’ is designed deliberately to create the impression that it is a public entity. Indeed, misrepresentation of its ownership is not merely by implication or impression created by its name. More importantly, it is also officially and explicitly stated on its website: ‘The Federal Reserve System fulfills its public mission as an independent entity within government. It is not owned by anyone and is not a private, profit-making institution” [1]. To unmask this blatant misrepresentation, the late Congressman Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s, described the Fed in the following words: ‘Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”
NO. 3
Henry Ford quoted, ‘It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” In simplistic terms, the Federal Reserve basically controls the money supply, and average citizens, like you and me, work for any valuable company, and in order to receive those paychecks, you used where only a fraction of bank deposits are backed by actual cash on hand and available for withdrawal. This is called fractional reserve banking, and it is done to theoretically expand the economy by freeing capital for lending. Every single person on this planet is working under the Federal Reserve.
For more information, please watch the documentary ‘Capital in the Twenty-First Century’, based on Thomas Piketty's best-selling book, on Netflix. They give a widespread selling of how far back the plans to implement the Federal Reserve goes.
Top Technology Solution Providers in APAC region
Sensor Technology:
APAC CIO Outlook has compiled a list of Top 10 sensor technology solution providers to guide organizational leaders in harnessing the power of the technology to tackle today’s business challenges, reduce workload, and increase efficiencies.
Bringing you a package of exciting and happening revelations in the sensor tech, our cover story, featuring Omron Corporation, a sensor technology solution provider that serves the industrial automation needs for factories and organizations across the world. Another featured company is Acare technology, who steps up to provide sleeping therapy and diagnostic equipment paired with sensor technology creating a butterfly effect. Alongside, companies like ACEINNA and AMS are constantly stepping up the game with their leading-edge sensor solutions for developing innovative inertial measurement units and sensor-supported wearables, respectively.
To further substantiate the sensor technology’s transformation, CIOs working in the sensor realm have also penned down their insights on the use of the technology in flexible batteries to unleash the power of smart wearables. We hope this issue of the APAC CIO Outlook helps you build the partnership you and your firm needs to foster a technologically-driven business.
We present to you APAC CIO Outlook’s “Top Sensor Technology Solution Companies”
Collaboration Companies
The current edition of APAC CIO Outlook brings you “ Top Collaboration Solution Companies”. The list highlights some of the most prominent organizations of the industry who are capable of leading their clients towards excellence by supporting them beyond an advisory level. The proposed list aspires to assist individuals and corporations to find the right Collaborative solutions provider, who suits their specific requirements, and help them, accomplish their projects.
Fleet Management Companies
With several innovative technological capabilities and success stories up its sleeves, these companies are constantly proving its mettle in the field of fleet management. We hope this issue of the APAC CIO Outlook helps you build the partnership you and your organization need to foster a technologically driven fleet management environment.
We present to you APAC CIO Outlook’s “Top Fleet Management Solution Companies”
Regtech Companies
Top RegTech solution Companies make it easy for the companies to keep up with compliance to avoid hefty fees or legal penalties and to keep their compliance management costs low. With the sheer number of financial regulations in place around the globe, RegTech providers help organizations under heavy regulation and making costly mistakes. With the technology-based solutions provided by RegTech institutions, companies can digitize and automate their compliance processes, collect the data, and produce reports in the formats prescribed by the governing bodies.
Plastic Technology companies
With the rising importance of Plastic Tech in today’s business scenario, choosing the right Plastic Tech solution provider becomes crucial for organizations. With that in mind, our editorial board has conducted a comprehensive study of leading solution providers in the space. Our goal with this special edition is to highlight the best-of-breed Plastic Technology solution companies like LyondellBasell, Vetaphone and Aceretech Machinery that have been making great strides in the Plastic tech solutions space.
APAC CIOOutlook presents to you the ‘Top Plastic Technology Companies’ ‘Top Plastic Technology Consulting/Service Companies’
IT Infrastructure companies
With several innovative solutions and success stories, the enlisted companies in this edition are constantly proving their abilities in the IT infrastructure industry. We hope this issue of APAC CIO Outlook helps you build the partnership you and your firm needs to drive success.
We present to you APAC CIO Outlook’s “Top IT Infrastructure Solution Companies”.
Extras:
Banking Analytics companies
hese players in the market we have selected top vendors from the sector that have the capability to develop innovative technologies and methodologies along the banking value chain, while providing incomparable customer service. These may also be the recommended firms by your peers.
We present to you Banking CIO Outlook’s Top Banking Analytics Solution Companies.
Transparency in Banking Transactions through Blockchain
The banking industry has seen huge innovations in recent years with the use of technology. To satisfy the demands of the customers, banks are looking for new ways to interact with them and provide better customer satisfaction. Blockchain technology is changing the process of banking along with the concept of game theory to meet customer needs.
Baking as a Service (Baas) is an innovative concept that takes the customer experience to a new level. It has no any restrictions like traditional banking. In today’s era, customers are in need of anywhere anytime transactions, beyond the regular working hours of the banks.
There is a need for open collaboration since customers are looking for a more open network and shared technologies. Collaboration and consolidation is the key to BaaS. This flexibility of the BaaS model will enable banks to integrate blockchain solutions to solve the issues in the banking sector.
Keep Reading
Trends that will redefine banking
Banking organizations become more comfortable with a faster pace of innovation, using data and analytics more extensively. Digitization drives banks to be more innovative in targeting, expanding services, re-configuring delivery channels, and integrating payments.
Following are some of the trends that define banking today: https://goo.gl/c4eViv
Blockchain in the Modern Age Education System
Sectors like retail, banking, and healthcare are fast to adopt innovative technologies. However, the education sector is slow in the race when compared to the other areas. The education sector is the best testing ground for emerging technologies.
Blockchain technology can be the deciding factor on how the future generations are built in terms of skills and awareness.
Full Read: Blockchain in Education
