The US banking system is a mess. At the root of the mess is the Federal Reserve. The "Fed" ironically is neither federal owned or controlled, and it doesn't have any money reserves. It is instead a privately owned banking cartel, and is probably the most powerful player in the global economy. When I discuss "the game of money" the reality is that the Fed sets a lot of the rules, and should therefore be understood as the biggest player in this game of ours called money.

Many people do a good job in tunning out all the economic jibber jabber that gets spewed over the news, but even the most ardent of them would have a hard time not picking up some of the commotion over the Federal Reserve these days. As awareness grows of who the Fed really is, and what they have been doing for years behind closed doors, many people agree that something should be done, but no one can agree what should be done.

As of this posting, there are at least 89,842  Americans who want to at least begin by auditing the Fed.

Congressman Ron Paul and his supporters would want to abolish the Fed http://www.ronpaul.com/.

Senator Jim Bunning seems to agree with Mr. Paul. Bunning just this past week told Ben Bernanke (Fed Chairman) "Your Fed has become the creature from Jekyll Island" which is a reference to a book written by G Edward Griffin, The Creature from Jekyll Island. (Which I am currently reading through.)

Monetary historian Andrew Gauss preaches that abolishing the Fed isn't the answer and likens the thought to a heart full of cancer and trying to solve the problem by ripping out the entire heart. Abolishing the Fed, he describes, would cause "the end of the financial world on the planet." He recommends a better answer would be to nationalize the Fed, and give the power of the Federal Reserve over to Congress.

Even President Obama has presented similar thoughts about Nationalizing the Fed. 

Whoever's ideas prevails, and no matter what happens, we are witnessing world economic history in the making these days. No matter where you live in the world, the decisions being made concerning the US Federal Reserve impacts all of us. It's time to get educated and understand how this impacts our lives so we can better position ourselves and our families for the future.