What are your thoughts and your knowledge regarding the "federal reserve"?

especially now regarding mr bernacke s statement regarding us heading toward a recession... hum... since when is the "federal reserve" so knowledgeable??? because they are the ones who determine that we go into recession depression etc... they have no constitutional authority to do their thing... they print money that has no backing by gold so it is counterfeit... oh please... they determine the interest rates and they are the ones who can call your mortgage in anytime... we had a high school at least, education but how much of it was the truth?????? congress is the only one who HAS the authority to coin money and they are not doing it ... the federal government went bankrupt in 1933 and with the involvement of this so called "federal reserve" made up of crooks from England (this is one reason folks came to America) read the creature from jekyl island... anyway the bankrupt federal government agreed to pledge all American citizens to be responsible for the federal debt... interesting