Why must we end the Fed? Mark Horne nails the evil Federal Reserve System with this conclusion:
When preparing for the future becomes too difficult to accomplish, people tend to push it out of their minds. They are not failing to save for the future because they don’t think about it. They are failing to think about the future because their government has made it to difficult to save for the future.
The elite have enriched themselves through immoral economic policies, and force anyone trying to save for the future to jump into the shark-infested pool called Wall Street, where the same entities that feast on “free money” from the Fed, take healthy bites out of our hard-earned savings.
So, you either get essentially no return on your bank savings (with the added risk that the idiots running the place will drive it into the ground, and a “bail-in” will seize much of your cash—see Cyprus), or you invest on Wall Street and get savaged in the games the big banks and investment houses play to manipulate markets with taxpayer money.
It’s a true, “damned if you do, and damned if you don’t” conundrum. And don’t miss this monumentally important point:
…inflation is constantly robbing the saved dollars of their values. There was a time (the late eighteen-hundreds) when even saving at no interest still had value because the buying power of the saved money kept rising.
Did you know there was a time when your savings actually grew in purchasing power, even without earning interest? Yes, a dollar saved today was worth more tomorrow—meaning if you put money away for retirement, it would buy a lot more in the future than it did when it was saved.
Can you even imagine such an economic system?
THAT is a moral system, and it is what made America the wonder of the world, without needing a war to destroy the competition, and profit from rebuilding.
The reason the elite have done these things is simply the principle of self-interest. It is beneficial to them, so they do it. The People have allowed it, through their own desire for being able to ignore “politics” and to pursue other interests–their own concepts of what is important to them.
Unfortunately, in a sin-plagued world, you cannot take your eye off of those in power–you must “bind them down with the chains of the Constitution” (Thomas Jefferson) and then make sure they remain in chains.
If you do not, and/or you allow them to buy off your participation with trinkets purchased with other people’s money, you will soon find yourself with less freedom, less money, and less happiness.
In other words, pretty much where we are today.
When you hear cronies at the Fed talk about an “inflation target” they mean the rate at which they are planning to steal your savings for the benefit of gambling bankers and their political patrons.
End the evil. End the Fed.