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The Federal Reserve Scam – How it happened and what it means

Posted by sam222 on December 23, 2008

 

If you think what the fed is doing is good you must first understand what the fed is. It is not federal or part of the government and it is not good. It inflates a fiat dollar and steals wealth from the American people. Most Americans have no clue. It is the biggest rip off in history enron times a million.

Fact: The Federal Reserve is a private bank and not part of the government.

Fact: The Federal Reserves meetings are done in secret and congress has no oversight on the Federal Reserve Bank.

Fact: The Federal Reserve was created in 1913 when big banking interest caused a run on banks spreading false rumors. Legislation was then passed. 

Fact: The Federal Reserve had a big role in creating the great depression by tighten credit and causing a stock market crash. Many think it was to get rid of the thousands of small local banks of that time that they detested. 

Fact: When The Federal Reserve was created the dollar was worth 1 dollar and backed by gold. Now the dollar is worth 4 cents of the former value backed by nothing.

Fact: The Federal Reserve can make money out of thin air since the dollar is now backed by nothing. That’s right nothing the dollar is only paper and the fed creates them at will buying treasury notes and charging the taxpayers interest on the money the government borrows that it creates out of thin air.

 Fact: The Federal Reserve causes inflation by putting more dollars in circulation thus having more money competing for the same goods and services.

 Fact: The Federal Reserve is a legalized counterfeiting operation.

The Case For Gold…

There is an oncoming dollar crash. The facts speak for themselves. America chooses to elect the democrat party who are poised to tax and spend and bailout as far as the eye can see not to mention many fake republicans who will also be their to help them. For over 80 years the government has been accruing obligations that are coming due.

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One Response to “The Federal Reserve Scam – How it happened and what it means”

  1. Allen said

    Paper money is worthless!!!

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