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Our national counterfeiter, the Federal Reserve System

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First published at 16:27 UTC on September 26th, 2022.

#gold
#paper
#corruption

gfs543

George

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The Federal Reserve is a government-supported counterfeiting scheme. How else would you describe an institution with the power to create money at whim, out of thin air? It's alleged purpose is to keep prices steady and avoid recessions. In January 2022 a dollar had the purchasing power of $0.04 in 1914, the year the Fed went into operation (https://www.bls.gov). And the economy has experienced significant downturns in 1921, 1929-1945, 1957, 1970, 1975, 1980, 1981, 1990, 2001, 2008-2009, and right now, in 2022.

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