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Honest Money

Our Founding Fathers warned us to avoid the trap of allowing our nation to come under the domination of a central banking system which would be tied into a global system. The global banking systems can openly manipulate the currency and literally steal our wealth through the printing of worthless paper money which leads to inflation. The following video and article presents the problem in an easy to understand format.


The Federal Reserve

The Federal Reserve 

100Years Ago Congress, President Gave Away Our Future

One of the most profound problems our country faces is a broken economy and allthe related troubles it generates. Debt, poverty, suffering, loss of libertyall in some way have roots in the long, slow collapse of the economic potentialof America. And much of that can be traced back 100 years ago to theenactment on December 23, 1913, of the Federal Reserve Act.

The Federal Reserve Bank was created to stabilize and strengthenthe economy. At least that was the theory. It has utterly failed in that task. Priorto the Federal Reserve, prices throughout America's history were relativelystable. Even when there were periods of inflation, prices eventually resettledback where they were.

In other words, a side of beef or a new hat cost about the same inthe late 1800s as it did in the 1600s.

Since the Federal Reserve came into being,however, the dollar has lost 97 percent of its purchasing power. That'swhy, for instance, people in the 1950s could have the house with the yard, twocars, steaks and seafood on the weekends, and money to put into the bank on onewage-earner's salary, whereas today, even two-earner families are struggling.

Ninety-seven percent loss in spending power means things onaverage cost about 33-34 times today what they did in 1913. Obviously there'sno comparison to some modern products, like an Xbox or laptop computer, butthere's also no denying that the standard of living in this country used to bemuch higher, even while salaries in many industries haven't changed that much.

The Federal Reserve causes inflation in various ways, but thechief method is by increasing the money supply. The first rule of economics issupply and demand. If there's too much supply of some product floating around,its price or value goes down. The same thing happens to dollars. While we alllove raises, when the Federal Reserve starts printing money without tighteningup the existing money supply, each dollar in your pocket buys less.

Thanks to electronic financial networks, theFederal Reserve doesn't even need to print physical dollars or mint coins toincrease the money supply. A few taps on a keyboard will do what it usedto take an elaborate printing press to accomplish.

Through loans and an encyclopedia of financial arrangements andinstruments, the Federal Reserve and its member banks create dollars out ofthin air.

Fractional reserve lending is just one trick they use to make fiatdollars. The law allows banks to loan out money that is on deposit while stillshowing an unchanged balance in savings accounts. For example, if you deposit$100, the bank may loan $90 of your money to someone else, but you still have arecorded balance of $100.

The loan will eventually be paid back with interest, so the bankhas created almost $100 from nothing. If at any time during the loan theoriginal depositor wants his money, the bank can just shift funds from someother account.

That's not the least of the problems with the Fed. While itappears to a casual observer to be a government agency, it's a private bank,controlled by a board composed of officers from other banks. It's not subjectto audits by Congress or the president, so it operates with no public scrutiny.

And evidence suggests that the various Fedchairmen and officers have not always worked in the interests of the people ofthe United States, even though it's our economy we've entrusted to them.

Invariably, the Fed chairman is involved with internationalbanking groups, such as the Bank of International Settlements, a clique ofcentral bankers who meet in Switzerland to set international banking policies.With the Fed's globalist outlook, it's anybody's guess exactly how ofteninternational concerns take precedence over the needs of Americans, but it'slikely a regular occurrence.

As money buys less, prices rise not just for consumers but forgovernment. That results in budget shortfalls just to provide continuingservices, which increases pressure to raise taxes to make up the difference.Rising taxes just expand the problem and help perpetuate an endless cycle.

After 100 years of the Fed driving America into the ground, it'slong past time Americans get smart and take back control over our own future.

 Tad Cronn