Ходжа Н. (hojja_nusreddin) wrote,
Ходжа Н.

about the Fed

For the 100 years before the Fed was born, the dollar was resilient – even amid the turbulence of America’s social and economic growing pains.
Between 1813 and 1913 – when the Fed was born – the value of a U.S. dollar actually increased by 95%.
But every since the Jekyll Island cabal centralized America’s monetary policy on December 23, 1913, the day the Fed was officially established, we've witnessed the greatest financial panics in history…

The Great Depression in the 1930s… the draining of gold reserves in the 1960s… stagflation in the 1970s… the dotcom bubble in the early 2000s… the housing bust and the current recession all stem from Fed policies as well.

As for a once-mighty dollar – 99 years ago, when the Fed took control of our monetary system the dollar was still worth a dollar.

Today, it's worth about 4 cents.
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