Mr. Terry Parks recently wrote about the Federal Reserve and how it started and why it is important to understand how it affects our everyday lives.
The Federal Reserve is exposed in the book “The Creature from Jekyll Island.” I highly recommend you read this book to understand why, how, and totally the Federal Reserve has put the money system, banking, financial investment, and our future at risk because the Congress neglected to do its job and in 1913 asked large bankers and financiers to help in moderating the banking and finances of the country so inflation, deflation and depressions were placed in check by the Fed.
The idea was to use those in power and in the know about the economy to help guide the country during times of possible financial chaos. This was like putting a fox in charge of watching the hen house!
I will not comment further on the contents of the book — YOU need to get it, read it and understand what it means to you, us, and the country.
I will only say the Federal Reserve does nothing of the sort in helping to control the economy, help in crisis, and help mend the economy in times of trouble. They do quite the opposite. And who pays? Look in any mirror – you pay, and pay, and pay.
My wake-up call was when Ben Bernanke was asked about gold and he replied, “Gold isn’t money”? Precious metals are the only thing that is worth more than worthless script once hyper-inflation hits.
I urge you to read the book.You will be amazed at what you don’t know and you will realize why the Federal Reserve should be abolished. It also reminds me why there are bankruptcy laws and why that legal avenue is open and should be taken in many instances instead of bailouts (AMTRAK is a great example).
A tip of the hat to Mr. Parks for putting me onto this book. Terry, think you for mentioning the book and saying a little about what it was about. I’m glad I had the chance to read it.
The rotting of America from within continues and the Fed is a big part of it…
Glad you took the time to read “The Creature From Jekyll Island”, RR, and that you recommend it.
The origin and make-up of the Fed is no theory at all. It is all of historical record. Without question the Fed is essentially a private monopolistic banking cartel that is entirely unaccountable to the people and nation whose monetary policy it dictates. Indeed, the foxes are not only guarding the hen house, but they are no friend of sound money. They openly declare their official policy of intending and ensuring permanent inflation. Their stated target inflation is 2% per year (but it has been multiples of that in the real world). Inflation always devours the value of any paper (fiat) currency. Responsible hard-working and faithfully-saving people see their money actually melt away every year due to intentional inflation. Under the Fed’s reign the one-dollar bill’s 100-cent purchasing power existent in 1913 when it was allowed to totally take over what only the government is Constitutionally allowed to regulate, is now worth only about 2 cents of current purchasing power. A dollar in 2019 may buy you a cheap cup of coffee at some places. A hundred years ago you could have bought 50 cups of coffee with that same dollar. That’s the deadly economic disease of inflation. The Fed has primarily caused it, officially seeks it and ensures it.
The Federal Reserve is a group of government-sanctioned thieves in their $5000 suits and expensive surroundings who are helping to systematically destroy America and every decent person’s right to the fruits of their labor, sound money and the rewards of saving and passing the benefits on to their heirs undiminished.
Americans are nearly completely asleep and totally ignorant regarding this massively destructive monster called the Fed that is devouring liberty and the future of this country. As you say, RR, if others care or want to learn more about this they should definitely read or check out online G. Edward Griffin’s “The Creature From Jekyll Island”. It’s the best information on the subject.
I meant to add to my comments that I am not simply a casual observer of “the Fed”. I have studied it and its destruction of the U.S. currency for decades. I even went and visited the very room at the resort on Jekyll Island, Georgia where it was all secretly plotted and planned more than a century ago.