SigEx Ventures : The Federal Reserve Systemby Ana Maria Ciobanu

The Federal Reserve System, known by us all under the name of The Fed is the central banking system of the United States. The Federal Reserve System was created via the Federal Reserve Act of December 23rd, 1913. This is the basic structure of the Federal Reserve System: The Federal Reserve Board of Governors, The Federal Open Market Committee, The Federal Reserve Banks and The member banks. Many criticisms have been directed against the Federal Reserve System. One critique is that the Federal Reserve is an unnecessary and counterproductive interference in the economy. Other voices state arguments in favor of the gold standard or beliefs that the centralized banking system is doomed to fail. I would argue argue that the Fed lacks accountability and transparency and it is well known for its culture of secrecy within the Reserve. July has been the month when newspapers and press agencies have been constantly publishing articles about the Fed. Headlines like: Markets, Fed back at loggerheads on rates or Fed will act on market slide if warranted: Poole, are constantly appearing. Will we ever know what exactly is going on there or all the small and huge things that are kept away from the public by the Federal Reserve System? Let's live it unanswered.

by Ana Maria Ciobanu for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models