The Federal Reserve has been called "The Biggest Scam in the History of Mankind" and rightly so. The highly secretive organization that controls the entire U.S. economy has been tasked with ONE job since its inception in 1913—to protect and preserve the value of the U.S. dollar. Yet in that time, THE VALUE OF THE U.S. DOLLAR HAS PLUMMETED OVER 95%!! You had ONE JOB, Federal Reserve!!
Well, as with almost every government organization, they're a bit stubborn about new technology. The Federal Reserve just opened up a Facebook page on Thursday, so by that math we should see them join Steemit around 2056, though I'm willing to bet the Fed will collapse or be abolished much sooner than that!
The comments on the Fed's posts have been pretty scathing. EndTheFed.org left one of the most popular replies, which sums up the shadiness pretty nicely:
Here are a few more of my favorite comments:
The system is rigged: the U.S. national debt is IMPOSSIBLE to repay!True story: Through fractional reserve lending, qualitative easing, and other "legal" counterfeiting by the Fed, there is ALWAYS more debt in the system than there is currency in existence to pay the debt. The system is designed to keep us enslaved as debtors perpetually paying interest.
When the U.S. government decides to spend another trillion dollars that it does not have, it doesn't just print up a trillion dollars. They just make up a bunch of fancy looking U.S. Treasury bonds (IOUs for debt) and sends them to the Federal Reserve, which creates the trillion dollars out of thin air, and each one of them has to be paid back... WITH INTEREST! (We are literally bonding future generations into slavery with this interest.)
"Price inflation is only one problem with this system of private money creation. Another is that banks create only the principal but not the interest necessary to pay back their loans. Since virtually the entire money supply is created by banks themselves, new money must continually be borrowed into existence just to pay the interest owed to the bankers. A dollar lent at 5 percent interest becomes 2 dollars in 14 years. That means the money supply has to double every 14 years just to cover the interest owed on the money existing at the beginning of this 14 year cycle. [...] That means that every 14 years, banks siphon off as much money in interest as there was in the entire economy 14 years earlier. This tribute is paid for lending something the banks never actually had to lend, making it perhaps the greatest scam ever perpetrated, since it now affects the entire global economy. The privatization of money is the underlying cause of poverty, economic slavery, underfunded government, and an oligarchical ruling class that thwarts every attempt to shake it loose from the reins of power." —Ellen Brown, Dollar Deception: How Banks Secretly Create Money
What would YOU like to tell the Federal Reserve?Feel free to leave a comment here on Steemit (where you can actually MAKE money!) but also head over to the Fed's hip new Facebook page to give 'em a piece of your mind!
Additional resources to learn more about the Federal Reserve scam:
"The Federal Reserve Explained in 7 Minutes"
"Century of Enslavement: The History of The Federal Reserve" by @corbettreport
"The Biggest Scam In The History Of Mankind - Who Owns The Federal Reserve?" with Mike Maloney
The Creature from Jekyll Island: A Second Look at the Federal Reserve, an incredibly well researched book by G. Edward Griffin
My name is Randy Clemens and I am the author of The Sriracha Cookbook, The Veggie-Lover’s Sriracha Cookbook, and co-author of The Craft of Stone Brewing Co. I am a graduate of the California School of Culinary Arts and am featured in the award-winning Sriracha—a documentary film by Griffin Hammond.
In early 2015, I moved from Los Angeles to participate in the Free State Project, a geopolitical movement getting 20,000+ libertarians to relocate to New Hampshire to decrease the size and draconian reach of the government while protecting individual liberties.
You can read more about me on my Steemit introduction post! And if one (or more) of the things I've written about here tickles your fancy, you can follow my musings on Twitter via @SrirachaBook and @RandyClemensEsq.