Federal Reserve Blog

The Federal Reserve is a bad thing. Here is why: The Federal Reserve is a central bank that implements monetary policy. Monetary policy is how the Federal Reaerve creates and destroys money and the rate at which it is put into the system. The Federal Reserve controls inflation and deflation to help stabilize the economy. Initially, the Federal Reserve seems like a beneficial thing for the United States. This is not the case. The Federal Reserve has hindered the United States for all generations to come. Almost 200 years has passed after one of our founding fathers warned us against it. Thomas Jefferson, the 3rd president of the United States and one of this nation's founding fathers said this in 1816;"To preserve our independence, we must not let our rulers load us with perpetual debt." Jefferson knew that establishing a central bank would create these kinds of problems. The Federal Reaerve piles on the debt by printing money through the monetary policy, charges interest after the government loans it from the Reserve, which is why the government has to raise and lower taxes. This gives ghe Federal Reserve complete control over all issues dealing with money in the United States. Jefferson went on to say that it is vital that as each generation passes, they pay their debt off to ensure that the following generations are initially debt free. Because the Federal Reserve has cashed us into perpetual debt, paying it off is nearly impossible as the government's debt grows past $18 trillion this year. The last thing Jefferson warned us about is if we let the Federal Reserve, or any central bank for that matter, control the economy and the money it is fueled by, "(our) children will wake up homeless on the continent their Fathers conquered". The essential message that Jefferson is trying to say that if a central bank controls the flow of currency, the Federal Reserve will bound us by debt, depriving the citizens of the United States of their freedom. It is clear that the Federal Reserve does not operate to serve the public, but private corporations. This is why people believe corporations run the United States, a type of anti-capitalism. The Government needed to find a way to pay these private interests back. This is how the IRS was formed. The taxes put in place by the Governemnt are being payed to the IRS, a system put into place to pay back the Federal Reserve. They work hand in hand to increase inflation which allows the IRS to obtain more money. This is why the Federal Reserve needs to be stopped. In 1963 JFK signed the executive order 1110 to try and dismantle the Federal Reserve by allowing the government to print money. Six months later President John F. Kennedy was assassinated in Texas. Though a conspiracy, it does raise some eyebrows about the Federal Reserve, especially because Lyndon B. Johnson threw out the executive order and no President since John F. Kennedy. This may be partly due to the fact that the Federal Reseve lends out derivatives so "exotic" the not even the congressmen trying to put restrictions on them understand what they are dealing with (Forbes.com). This is a method of the Federal Reserve to continue its rouse over the American people and more. Finally, the Federal Reserve must be ended because it hurts the middle-class the most because of its inflation, which is why most people in the middle class stay there (Freedomworks.com). Most information taken from the Exposing the Federal Reserve YouTube Video from class http://www.freedomworks.org/content/top-10-reasons-end-federal-reserve http://www.forbes.com/sites/billfrezza/2013/05/07/how-the-federal-reserve-became-historys-biggest-bad-bank/