Still Think The Fed Is a Good Thing?

The Federal Reserve system has been an unmitigated disaster for America, far worse than imagined.Things started going to hell the very day the Federal Reserve System was formed:

From 1813 to 1907, the U.S. dollar appreciated in value. What cost one dollar in 1813 cost only 48 cents in 1907. In 1913, the Federal Reserve was formed, ostensibly to provide financial stability and "fight inflation." Since then, the value of a dollar has all but vanished, as what cost one dollar in 1913 cost $20.73 in 2007; the dollar has lost 95.2 percent of its value under management of the Fed.

Keep in mind that the Fed is a privately owned institution, controlled only by its board and stockholders - mostly foreigners - and not answerable to the United States government. The only input our government has is it gets to appoint the chairman, but we can't fire him or exercise control over the Feds movements and actions.

You can start to understand why the Fed is so busy bailing out foreign banks. It's the owners and stockholders of the Fed that are doing it, not to help us, but to protect themselves and their money.

It's beginning to appear that - more than anything - we need to rid ourselves of this century-old disaster, and return the control of our money system to the U.S. Treasury, where it belongs.