Take a look at the Federal Reserve’s website. Look at their motto:

“The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, stable monetary and financial system.”

Let’s see:

1) Dollar devalued to 4.5 cents since 1914? Check.

2) Ensure boom/bust cycles continue despite pro-State trolls lauding it as a way to prevent them? Check.

3) Ensure it acts as a “lender of last resort” to prop up and encourage “too big to fail” institutions to focus on return, neglecting risk? Check.

4) Cartelizes banking into an unstable fractional reserve model? Check.

5) Transfers wealth away from the productive class to the parasitic class? Check.

6) Monetizes government debt so the State doesn’t have to tax the people directly in order to support the welfare/warfare State, thus breaking accountability and transparency to the people?, impoverishing them in a way not one in a million understand? Check.

7) Failing to prevent fast failures results in increased powers to prevent future ones?  Check.

Missioned accomplished.