In theory, the Fed was established to stabilize the economy, smooth out the business cycle, manage a healthy, sustainable growth rate, and maintain stable prices. In fact, it failed dismally. It contributed to 19 US recessions (including the Great Depression) and significantly to the following equity market declines that accompanied them FULL ARTICLE
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The Federal Reserve system not only allows the politicians to continually lower the value of our dollar, but also gives them the power to print at will – and fund virtually anything they want. Bailouts, wars, and the like – would they be able to pay for them if they didn’t have a source of “unlimited” money?
End the Fed! – http://www.endthefed.us/
What they told people was that the Fed was going to help the economy, but that was a total lie. What they really wanted to do was hijack our monetary system, and they were quite successful at that.
Quite possible – politicians and their corporate backers usually try to increase their power…while claiming that they’re “helping” the people.
If anyone’s interested in another good read on this subject, I can recommend Murray Rothbard’s “What Has Government Done to Our Money?”
Who controls Federal reserve?
http://www.youtube.com/watch?v=NzLIz27GqWs
Most important question in US history?
http://www.usagold.com/federalreserve.html
Federal reserve controls US income/ finance?
http://www.scionofzion.com/federalreserve.htm
Is Ron Paul talking about this?
-Tore ‘Federal reserve’ Toivicco
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Hvem kontrollerer Federal Reserve?
http://www.youtube.com/watch?v=NzLIz27GqWs
Vigtigste spørgsmål i USA’s historie?
http://www.usagold.com/federalreserve.html
Federal Reserve kontrollerer amerikanske indkomst / finansiering?
http://www.scionofzion.com/federalreserve.htm
Ron Paul taler om det?
Tore ‘Federal Reserve‘ Toivicco
The federal reserve being controlled by banking interests is, well interesting – and yes, bad too.
But the real problem isn’t WHO runs the fed, or WHO prints the money, it’s the monopoly control over money that’s the issue. so even if it was some “public” bureau instead, we’d still have paper dollars backed by air. We need to eliminate all legal tender laws.
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