The Federal Reserve Bank of New York, located in lower Manhattan, holds an estimated 6,350 tons of gold worth $203.3 billion, representing 510% of the world’s gold reserves. This gold is crucial not only to the U.S. economy but globally as well. The Federal Reserve, established on December 23, 1913, by President Woodrow Wilson, arose from the need to stabilize the U.S. financial system, which had been plagued by bank failures and economic depressions. The Federal Reserve acts as a central banking system to prevent bank runs by lending money to banks in distress. The Federal Reserve Bank of New York is one of 12 regional banks and also serves international clients. During and after WWI, it became a major financial hub where many countries store their gold for ease of trade and security. The vault, located 80 feet below ground near the bedrock, is highly secured with a multilayered system, including 90ton steel cylinders, time locks, and 24hour surveillance. Despite its public role, the Fed is shrouded in mystery regarding its ownership, operating independently within the government, governed by presidentially appointed and Senateapproved individuals. Some theories suggest it is controlled by elite bankers or even the illuminati.

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