The Federal Reserve, created by Congress in 1913, controls the money supply. It is America’s central bank (which isn’t a capitalist idea—it’s literally a plank of the Communist Manifesto. Seriously. Not cool-or free market-at all
The Fed creates new money out of thin air (inflation) to bailout..themselves and the government—none for you though, serf! More cash chasing the same amount of goods means your money loses purchasing power—so prices go up, but your income doesn’t! This hidden tax hurts the poor most.
The Fed has printed so much money since its creation in 1913 that the dollar has lost over 95% of its value, and is no longer backed by gold or silver as the U.S. Constitution demands. They wrote a law in 1792 called the Coinage Act which said whoever shall devalue the dollar shall suffer the penalty of death! That sounds extreme, but counterfeiting is bad and the banksters should feel bad! And maybe kill themselves—but put us in their will first.
So what can you do about it?
Start by learning more--Murray Rothbard’s What Has Government Done to Our Money? is a great place to start and is free at mises.org (which has thousands of other free books on many topics). The Mises Institute has also produced a great documentary you can watch for free on youtube: Money, Banking, and the Federal Reserve.
Support sound money laws like HR459 in the US Senate (a bill to audit the Federal Reserve) -- and pressure our state legislators at the Atlanta capitol to pass the Constitutional Tender Act. This state law would bring us back in line with the Constitution and would help protect the people of Georgia from the hidden tax of inflation and the coming currency crisis, as banks in the state would offer gold & silver accounts.
The Rich Get Richer Explained:
Gas Prices Are Higher Because of the Fed:
Tom Woods Answering the Same Old Arguments Against Sound Money:
