Cause for Concern

The monetary system as we know it is all to often taken for granted. It plays a fundamental role in shaping our lives but how often do we question the inherent consequences of its structure? One of the largest misconceptions is that the United States Government owns the currency (dollars) that it uses as legal tender, this is not the case. The American currency is issued, owned and controlled by the Federal Reserve (Fed), the central bank of the United States (the bank the US Treasury banks with) which is a private institution that was created by (and let's be real, still maintains intimate ties with) an ultra elite group of international banksters--it has no elected officials. The US Congress has delegated (and could also revoke) the Fed's authority to control the money supply and thus inflation, as well as set interest and reserve rates. Bear in mind that "the Fed's decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government." (Board of Governors)

The President appoints the Fed's chairman, and Congress appoints and sets the salaries of many of its top level employees, but the link between these employees and the people who their decisions ultimately effect most, the American population at large, is weak to say the least--they never have to run for reelection, their names and faces are largely kept out of public awareness and they face little or no consequences for damaging decisions. So what's their incentive to serve the American people? I don't mean to be cyclical but let's be honest, doing the right thing seems to go out the window when you start talking in the billions and trillions of dollars. 

Since the Fed's power is derived from Congress it's subject to Congressional oversight, but what does that really mean? Surely the in the eyes of the Government the Fed is the one, if any of the banks, that is "too big to fail"...or is it?

As this video illustrates cracks are beginning to show in this corrupt system based on greed, that serves a few at a cost to many. My fellow Americans, I support you in cultivating a healthy skepticism of the integrity of this institution. I strongly encourage you to conduct your own research into Fed's history and the consequences of the monetary system a relatively small group behind the institution have created. (more on this to come...)