Every disgraced CEO of the last year was part of the “Baby Boomer” generation. Parents, schools, corporations, media and government have taught Americans how to make a living, but have done a horrific job of teaching Americans how to live. The government and the Fed have encouraged a warped American Dream through the use of insane tax, fiscal and interest-rate policies.

Federal Reserve Fraud

Thomas Jefferson, a wise man by most accounts, thought central banks were not a very good idea.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.”

We didn’t heed Mr. Jefferson’s prudent advice. The result has been persistent inflation that’s destroyed the purchasing power of the US dollar. It takes $1 to buy what cost 5 cents in 1914, a 95% loss of purchasing power since the creation of the Fed.

Most of this loss has occurred since 1971, when Richard “Tricky Dick” Nixon took the country off the gold standard and uncorked the bottle that let the inflation genie out. The unchecked issuance of debt by our government, facilitated by Fed policies since that year, has brought our great country to the brink of financial disaster.

The organization that caused the problem didn’t see this crisis looming, and has utterly failed in stemming the damage. It’s now taking actions completely outside its mandate, while telling people it has the answers. It’s hoodwinked the American public for 85 years through the insidious use of inflation, and now it’s trying to dupe the world into keeping its Ponzi scheme going for a while longer.



The Fed was created in 1913 with the dual purpose of maximizing employment and preserving stables prices. New York Senator Elihu Root, voting against its creation, saw a vision of our bleak future:

"Little by little, business is enlarged with easy money. With the exhaustless reservoir of the Government of the United States furnishing easy money, the sales increase, the businesses enlarge, more new enterprises are started, the spirit of optimism pervades the community. Bankers are not free from it. They are human. The members of the Federal Reserve board will not be free of it. They are human....Everyone is making money. Everyone is growing rich. It goes up and up, the margin between costs and sales continually growing smaller as a result of the operation of inevitable laws, until finally someone whose judgment was bad, someone whose capacity for business was small, breaks; and as he falls he hits the next brick in the row, and then another, and then another, and down comes the whole structure.”

The concept of forming this central bank was to stop bank panics from happening. So far, they are 0 for 2. It was in charge in 1929 during the greatest bank panic in history, but its actions in the 1930’s exacerbated and prolonged the Depression.

Alan Greenspan and the Fed are the chief causes of the current disaster. The absurdly low interest rates of the early 2000’s and the complete lack of oversight of bank-lending practices caused the greatest debt bubble in history.