If the American people truly understood how the Federal Reserve
system works and what it has done to us, they would be screaming for it
to be abolished immediately. It is a system that was designed by
international bankers for the benefit of international bankers, and it
is systematically impoverishing the American people. The Federal
Reserve system is the primary reason why our currency has declined in
value by well over 95 percent and our national debt has gotten more than
5000 times larger over the past 100 years. The Fed creates our "booms"
and our "busts", and they have done an absolutely miserable job of
managing our economy. But why do we need a bunch of unelected private
bankers to manage our economy and print our money for us in the first
place? Wouldn't our economy function much more efficiently if we
allowed the free market to set interest rates? And according to
Article I, Section 8 of the U.S. Constitution,
the U.S. Congress is the one that is supposed to have the authority to
"coin Money, regulate the Value thereof, and of foreign Coin, and fix
the Standard of Weights and Measures". So why is the Federal Reserve
doing it? Sadly, this is the way it works all over the globe today. In
fact,
all 187 nations that belong to the IMF have a central bank. But the truth is that
there are much better alternatives. We just need to get people
educated.
The following are 11 reasons why the Federal Reserve should be abolished...
#1 The Greatest Period Of Economic Growth In The History Of The United States Happened When There Was No Central Bank