The Federal Reserve, with the help of many socialist presidents and Congresses since 1913, have turned a once prosperous and wealthy nation, into a debtor nation by corrupting the phrase in the pre-amble of the U. S. constitution where it states: “..... and promote the general welfare”. As a result, every dollar we spend now represents debt and does not equal a fair measure of goods and services, as it should. You would need $21.60 in 2007 to equal what a dollar was worth in 1913, prior to the establishment of the Federal Reserve. Since 2000, the value of the dollar, thus each American’s buying power, has eroded by over 20%.
Socialist politicians in our government, for almost 100 years, for the purposes of remaining in power by exploiting the weakness in individuals who were looking for a free handout, worked in conjunction with the Federal Reserve to expand the money supply (debt) to pay for the handouts. Not only was the public treasury pillaged for purely political reasons (that should be treason), but the American taxpayer also picked up the tab for the interest paid to the Federal Reserve and other countries for the loans and the hidden cost of inflation because of diluting the number of dollars in circulation. This evil is still going on today, but the numbers are escalating exponentially.
The estimated liability for actual government debt and unfunded entitlement programs (Medicare, Medicaid and Social Security) for every man, woman and child in America, is estimated to be almost $350,000. The Social Security unfunded liability is just shy of $14 Trillion. Medicare’s unfunded liability is over $73 Trillion. Both numbers are rising rapidly.
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