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The Federal Reserve System

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
                                                                                                - Henry Ford

"The Federal Reserve System controls the nation's monetary system, yet it is accountable to no one. It has no budget; it is subject to no audit; and no Congressional Committee knows of, or can truly supervise, its operations." - Murray Rothbard

A-equals-A.com explains the Federal Reserve:
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Follow the links above to learn about the history of the formation of the Federal Reserve System, how the Fed actually works, and its record of failure after failure.

Why is it important to learn about how the Federal Reserve and our monetary system works?

The Fed operates under a veil of secrecy. It's continued schemes of exploitation depend on the people blindly accepting its existence. Our central bank, the Federal Reserve, is the engine that makes expansive State power possible - out of control debt, expropriation through inflation, welfare entitlement programs, and an imperialistic warfare state.

The Federal Reserve System does not need to be audited. It needs to be abolished. We already know it is one of the greatest scams in the history of the world. We know exactly what the Fed is doing. Economics tell us it incapable of accomplishing any of its stated objectives. It is a private cartel operating against the public interest. They are stealing your money. The Fed generates the most unfair tax - the inflation tax. It encourages war. It destabilizes our economy. It sets the boom and bust business cycle of recessions and depressions in motion. It is an instrument of power and exploitation.

The government has a choice when it comes to growth. They can increase taxes. They can issue more debt until they are forced to default. Or they can walk over the Federal Reserve and have them inflate. The Federal Reserve prints new money to fund the US debt when nobody else wants to buy it.

To fund wars, social security, food stamps, Medicare, Medicaid, foreign aid, and to pay for the interest on the debt - The US government is creating new debt and the Federal Reserve is monetizing it by printing new money! All of these programs cost money and, you, the average American are paying for it all. Perhaps you are not paying for it in income taxes, but you are paying for it in inflation. Thank Uncle Sam and the Federal Reserve when all of your prices go up. This is the most dangerous hidden tax.


Possible Alternatives to the Current System:

Just saying the Federal Reserve System is a problem without having a plausible solution to put in its place does not do us much good. Here are three good resources to begin you on the journey to exploring possible alternatives to the disastrous system we have today.