The Federal Reserve

So I've been reading up on the Federal Reserve and the whole centralized banking deal.
I was wondering how many people are aware of the flaws in the system and the fact that we are essentially enslaved by a corporate master race of bankers.

flaws in the system
All systems contain flaws.  Some are flawed in their very nature, some have flaws due to oversights, and others have flaws as compromises to even greater flaws.  The worst kind of flaws are those that can not be seen or resist correction.
It is the fool who believes in a perfect system through human design.

corporate master race of bankers
Who are also Lizardmen and members of the Illuminati?  I think you're overlooking a fundamental element of your concern: everything is worth something.  There will always be a "corporate master race of bankers" in some shape or form as long as there are people clever enough to amass and manipulate resources.

Could we survive well without the federal reserve?  Yes, but I believe a modified and reformed Fed would be of better service than a void, for the record.