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Introduction For centuries, anti-Semitic propaganda has demonized the Jew as a conspiratorial, manipulative outsider, often with powers and designs of world domination. From the Middle Ages through the Holocaust, fabricated accusations against Jews as poisoners and corrupters have led to horrendous suffering for the Jewish people. In more recent years, the anti-Semitic notion that "the Jews" dominate and command the U.S. Federal Reserve System and in effect control the world’s money has surfaced across the extremist spectrum. .......................................... Those commercial banks which are members of the "Fed" are required by law to purchase stock in their district Federal Reserve banks in order to supply them with a capital resource. These banks do not have any "control" over the Federal Reserve. Control is exercised only by a Board of Governors, each member of which is a public servant appointed to his or her position by the President of the United States and confirmed by the U.S. Senate. .......................................... Conclusion The charge that "Jews control the Federal Reserve" is a classic example of the hatemonger’s paranoid-style exploitation of legitimate concerns — in this case, the nation’s economy. Moreover, the wide appeal of this anti-Semitic conspiracy theory among all kinds of extremists strikingly demonstrates how the agendas of otherwise opposing hate groups meet on common ground: the scapegoating of Jews.
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