Establishing the Federal Reserve and writing a bill that was
passed by Congress, this group of wealthy individuals were able to deceive the
public by using a name that appeared to give credence that this was a
government organization when in fact it was not. To this date the majority of Americans still believe that. This is a private organization that is
divided into 12 branches throughout this country giving further evidence to
being a part of the Federal Government.
This is the same organization that is printing over $85 Billion a month
also known as Quantitative Easing.
Every time they print money, your own money is worth less and less. If you want to know what happens when a
country prints and prints money, do an Internet search on the Weimar Republic
that in order to pay off WWI debts, printed money like it was going out of
style. Sure enough it was, as you could
not even buy a loaf of bread with a wheelbarrow of money. This is were we are heading unless the Fed
stops printing money. Printing money
causes inflation as the value of your money decreases, so price of everything
you buy increases.
The only people benefiting from this money printing is Wall
Street and banks. That is why Wall
Street is another bubble waiting to bust.
Once the Fed stops printing, the market will drop at least 3000 if not
more and the only people that will be hurt will be the middle class. Not the banks and not the Wall Street firms
that make money when the market goes up or down. You do not and will not see any of this money being printed. It goes to the banks, surprise! In fact, most money is transferred digitally
and not really in paper. Actually, if
everyone decided to remove their money from the banks, there is not enough
money to go around.
Since we always had a stable government, many countries
store their gold with us and the Federal Reserve. Now listen to this. Just a few months ago, the German government
ask for all their gold be returned and the Fed said no they could not do that
all at once but would do it over 7 years.
Isn't it amazing, that a country that believed in our stability, stored
their gold here and yet when they wanted it returned, they cannot get it. Makes you wonder where all that gold
is. Some of the gold is supposedly
stored at the Fed facility in lower Manhattan.
Or is it? If the gold is all
accountable, then why could the German government not get their gold returned
immediately? Something to think
about. Remember, our money used to be
backed by the gold standard and now it is just paper backed by the Federal
Reserve, a non-government organization.
Frightening, to say the least.
Actually, your money may be worthless if certain events happen. When the money was backed by gold, it had
value, but today, who can really say.
Former Congressman Ron Paul had it correct when he demanded
during his presidential campaigns that the Fed be investigated and their books
be opened for inspection. We must
demand this of our congressional representatives and we should make this an
issue in the 2014 elections as well as accountability on all these agency
scandals.
The Federal Reserve should be abolished, but the bankers
will do their best to stop such a movement through campaign financing, exposing
candidates to adverse and maybe false accusations as well allegation of damage
to the economy that will occur. We do
not need a central bank. Our government
and elected representatives should be responsible for our money, not a private
organization. Power corrupts and the
Fed is a corrupt organization.
No comments:
Post a Comment