The U.S. Federal Reserve is our nation’s bank, created at the beginning of the last century (big thanks to President Wilson) to centralize our banking system and stabilize our currency. It is quasi-public, having both private corporations and public agencies with controlling interest.
“The Fed,” as they call it on the street, controls our money, interest rates, “supervises” banking institutions, and has other means to inflict chaos into our economy. Despite being a blend of private and public the Fed keeps its business behind locked doors. It is hard for a government by the people, for the people to have a functioning banking system if they have no control or oversight of it. We should do something about it!
Since its inception in 1913 the Federal Reserve has seen (read helped to cause) the value of the dollar decrease by 95%. They push slow, silent inflation to falsely encourage trust in our dollar (because our system basically creates currency value based on popularity – we need to return to the gold standard). Thomas Jefferson warned us about this:
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
The Fed is now instituting policies now to “bolster” the economy that will continue to decrease the true value of our currency and cause more inflation in the future. Many of the recent economic woes are attributed to the Federal Reserve and they poorly controlled allocation of our tax money as bailouts – bailouts that went to bonuses! They gave $2 trillion of our money to private corporations and still refused to say how it was distributed. We need to know what the Fed is doing with our money.
There is hope (of course!) for the future. Recently a bill has been drafted to make the Federal Reserve transparent again. This is a step in the right direction. Here’s what you need to do right now: