Updated: Feb 9, 2021
The Federal Reserve is a quasi governmental corporation that was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.
What is the purpose of the Federal Reserve System?
According to federalreserve.gov the FED "was created by Congress to provide the United States with a safer, more flexible, and more stable monetary and financial system." The FED also "conducts monetary policy, it influences employment and inflation" by changing the federal funds market and printing currency for the United States Government.
That all sounds above board right? Well, no, not exactly...
For one, the implementation of the Federal Reserve Banking system is not only unconstitutional, the players behind this system have systematically enriched themselves by stealing the wealth of American citizens through inflation, the devaluing of our currency by printing exorbitant amounts of dollars causing the currency already in circulation to lose value. The central banking system also steals the value of our future generations by the bonds sold in order to create our currency.
Stealing the value of future generations, yes I said that correctly.
Our monetary system, or how money is created, is solely dependent on the government leveraging the value of its citizens and future generations through the use of bonds. Prior to 1970, our currency was backed by gold, nowadays our money is backed by "human capital", or the value of each US citizen and future generations through the expectation of taxation throughout their lives. Our government creates money out of nothing, and in order to back it, bonds are sold to other central and private banks. These bonds allegedly have value, but where does it come from?
The value of these bonds come from the government's right to tax its citizens. When the government sells these bonds to create money they are selling to the bondholder their ownership OVER YOU- -your present and future labor, your wealth and everything you will ever poses and produce throughout your lifetime. Federal bonds promise to repay these loans from the FED because they can assume to tax your life's value in the future. Since the US government always works in deficit, the spending is more than the tax revenue, therefore our future generations are also on the hook.
As of 2/9/2020 every man, woman, and child owes $84,099 for their share of the US public debt.
By their own explanation, one of the main jobs of the FED is to control inflation. How have they done controlling inflation? It's not hard to figure out how they've done actually. Ask yourself :
Are products cheaper or more expensive since 1913? After going off of the gold standard in the early 1970's, the FED was unleashed to print money...would you rather pay 1970's prices for a house or 2020 prices? Look at the price of everything...houses, cars, college, food, health insurance. Why? In 2021 we are more efficient, we have more technology for building houses, cars, better medial technologies/treatments, and there are more people going to college which should theoretically drive the price down.
It seems as if the FED has done a terrible job "controlling" inflation, and personally I think that's the point.
A question I always ask in any situation is who benefits? Who benefits from the Federal Reserve NOT controlling inflation? Certainly not the American people. The banking families running the Federal Reserve benefit. They print monopoly money then use our human value to back the value of the fiat currency.
Did you catch the "banking families" part? The Federal Reserve is NOT part of the government. It is actually a privately owned banking cartel,consisting of names that "we the people" are not privy to know - because you know a government "for the people, by the people" is just SO 1776.
The FED is a pyramid scheme based on paper fiat currency backed by faith alone and the tax system. Since the implementation of the Federal Reserve, the US dollar has lost 95% of it's value. The US dollar will eventually be destroyed due to financial collapse, post Covid this now being fast tracked. Don't lose all hope though, the globalists from the World Economic Forum's "Great Reset" are waiting to save the day....by "save the day" I mean putting more power in the hands of a few elites, enslaving that many more people.
Contrary to popular belief the system of slavery is alive and well. There is never and will never be enough money in circulation or existance to pay back the debt. We as a country are forever enslaved by debt, that we didn't ask for, signed off by "representatives" who only want to line their pockets, with no way of ever being able to pay it back. Not to mention the banks are the first to be bailed out by the federal government during a crisis.
A perfect example is during the Covid 19 pandemic". When America was in it's darkest hour, the FED came to the rescue by swindling trillions of dollars from the American people. In March 2020, with 10% cash-backing from the US government, through the CARES Act issued close to 4 trillion into financial markets, stocks, and bonds.
If we didn't have the Federal Reserve controlling our money supply, the United States would have much a higher standard of living. We have separation of church and state, we NEED separation of banking and the state. In such a polarized country, this should be something all Americans can get behind. The American people must END THE FED.