Q&A: Dollar falls due to bad monetary policy. Is there a better time to abolish the FEDERAL RESERVE than now?
Since the Federal Reserve System was created in 1913, it has presided over the crashes of 1921 and 1929, the Great Depression of 1929-1933, recessions of the years 1953, 1957, 1969, 1975, and 1981. A stock market black Monday in 1987. We all know the corporate debt is soaring, personal debt is greater than ever, business and personal bankruptcies are at an all time high. Banks and savings and loan associations have failed in larger numbers than ever before, interest on national debt is consuming half of our tax dollars.
Then we look at the bailouts they issued and charged those losses to the taxpayer:
Penn Central Railroad was bailed out in 1970, Lockheed Corporation also in 1970, Commonwealth Bank of Detroit in 1972, New York City in 1975, Chrysler Corporation in 1978, First Pennsylvania Bank in 1980, Continental Illinois, the largest of the bank (pre-1995), in 1982, and all of those countries in the third world who can no longer make their interest payments are now making their payments because they got the money from the International Monetary Fund and the World Bank which got it from the Federal Reserve System which got it from you and me through the printing press.
These pre-2000 actions ALONE have done NOTHING to stabilize our economy or protect the value of our dollar.
Gold = $ 1611/oz today. This is indicative of a weakening currency. Our dollar is falling in value due to the Fed?s policy.
Isn?t it time to end this private banking institution which continues to destroy our dollar and allow our government to spend away the wealth of our future generations?
(Bare in mind, our dollar INCREASED in value 8% in the years prior to the Fed. It has DECREASED in value 97% since their inception.)
http://money.cnn.com/2011/07/26/markets/dollar/index.htm?section=money_markets&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_markets+%28Markets%29&utm_content=Google+Feedfetcher
@r1b1c: I just told you more than what 12 years of the public education system would tell you.
Look, it?s pretty simple?..
The Congress spends the taxpayer money. They run out of it in March/April for the year. They need more money. They cannot raise taxes b/c they would be voted out the next year. They go to the Federal Reserve and the Fed writes Congress a blank check granting fake money. Congress spends the fake money on its projects and uses taxpayer money to pay back the debt WITH INTEREST.
Meanwhile, the Fed (through the member banks) LOAN the fake money to the people so we can use it for our projects. We pay interest to the banks on fake money.
It?s interesting to know that corporations will send more money to the banks in the form of interest than they do to the shareholders who have sacrificed and earned, invested, and risked their money.
This cartel, this partnership NEEDS TO STOP!!!
Answer:
Once done and nothing happens, will you then allow us to tax the mega rich and allow a fair trade policy?
V is for Victory, you cheer the downfall of the nation the enslavement of the people to corporations.
That isn?t victory.
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