The worst thing about Fed being a private bank, is that it means that the economy of the US is ruled by those highly incompetent and irresponsible bankers who now have caused the worst economic depression in world history.
President Woodrow Wilson said, 6 yeas after privatizing the Fed: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are 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.” - Woodrow Wilson 1919
President John F Kennedy wanted to nationalize the Fed. He was killed a few weeks after that he had declared this intention that would have robbed these highly incompetent bankers of their power. I cannot prove that the bankers killed him, but they had an extremely strong motive to do so.
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