Sunday, 25 August 2013
The Federal Reserve Act was passed during the Wilson administration, only 100 short years ago. So how has the Fed done over the last 100 years? First of all, let's mention that the Federal Reserve is not a government agency. It is about as "federal" as Federal Express. It was formed in 1913 in a devil's deal between bankers, who would get bailouts and Government, who would be able to spend money they didn't have (plenty more about that in these pages). So if you had to grade their performance over the last 100 years, how have they done:
But what about after the Fed was established in 1913? You can see WWI with a modest but incomplete recovery and WWII with no recovery at all. Because the government began printing money to satisfy bankers and politicians, the recovery of the value of the dollar has not happened.
This is clear evidence that demonstrates the fraud and theft of American wealth that has been propagated on us by our government through the mechanism of the Fed. The Federal Reserve must be stopped.
Posted on 08/25/2013 5:43 PM by Jack Massari
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