This one minute video quotes Ben Bernanke when he stated that the federal reserve was responsible for the Great Depression, and then video attempts to graphically explain how the Fed creates economic hardship and how high inflation and dollar crisis might be upon us.
Every American should understand the simple relationship between money supply and prices and how our central banking system is the root of most of our economic problems.
It is this easy. The fed creates money out of thin air using computers. Then this money is traded for real wealth from the private sector. Leaving the private sector with less wealth and more money, changing the ratio of money to wealth, which reflects itself in higher prices. The wealth that is stolen from private sector via this trade goes to implement our politicians well intentioned yet disastrous ideologies, welfare, stupid wars, countless unneeded departments....
Just because the entire economics establishment believes in FED does not mean they are right. Communist Russia had plenty of economists who believed in their communist ideas yet they were wrong. Same applies to USA's mainstream economics establishment and press.
"When "the common good" of a society is regarded as something apart from and superior to the individual good of its members, it means that the good of some men takes precedence over the good of others, with those others consigned to the status of sacrificial animals."
~Ayn Rand
Every American should understand the simple relationship between money supply and prices and how our central banking system is the root of most of our economic problems.
It is this easy. The fed creates money out of thin air using computers. Then this money is traded for real wealth from the private sector. Leaving the private sector with less wealth and more money, changing the ratio of money to wealth, which reflects itself in higher prices. The wealth that is stolen from private sector via this trade goes to implement our politicians well intentioned yet disastrous ideologies, welfare, stupid wars, countless unneeded departments....
Just because the entire economics establishment believes in FED does not mean they are right. Communist Russia had plenty of economists who believed in their communist ideas yet they were wrong. Same applies to USA's mainstream economics establishment and press.
"When "the common good" of a society is regarded as something apart from and superior to the individual good of its members, it means that the good of some men takes precedence over the good of others, with those others consigned to the status of sacrificial animals."
~Ayn Rand
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