THE FED HAS FAILED: 100 YEARS OF THE FEDERAL RESERVE

FED MEME 01

The Federal Reserve Act was passed on December 23, 1913.  It was supposed to prevent bank panics, like the Panic of 1907.  It was supposed to keep inflation and unemployment down.  It was supposed to stabilize the system.  That’s how it was sold.  100 years in, a show of hands of those feeling the stability?  Bankers, put your hands down…

FED MEME 04

The looting of this country by the Federal Reserve not only could have been foreseen, it was foreseen, by Charles Lindbergh, Sr. who wrote the following in 1913:

“This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill.”

And now, after 100 years of the Federal Reserve (which as they say is not federal and has no reserves), we find ourselves on the verge of total economic collapse. The Fed has failed we the people while succeeding mightily for the bankers, QE and ZIRP being the latest and greatest policies that steal from the people and give to the bankers.  It’s time to end the Fed.  Way past time…

FED MEME 03

About eggsistense

Writer, musician, cartoonist, human being
This entry was posted in Asset Bubble, class war, Debt Slavery, Federal Reserve, fiat currency, Financial Terrorism, QE unlimited, Redistribution, Reverse socialism, ZIRP and tagged , , , . Bookmark the permalink.

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