What is so hard to understand?
Posted on July 3rd, 2009 by Editor
Relatively speaking, the United States enjoyed a period of peace, prosperity and freedom until 1913 when the private Federal Reserve bank was given the power to create the nation’s money.
Within 16 years, the policies and activities of the Fed led to the “great depression”. Since WW2 ended, America has accelerated towards a bankrupt empire with an imperial foreign policy and a domestic welfare state, all made possible by the Fed’s loose monetary policy.
The debt based Federal Reserve system must be abolished and replaced with some form of honest money controlled directly by Congress through the Treasury department.
There is simply no reason for a private bank to issue the nation’s money with interest due.