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Written by Bryan H. Miller
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February 12, 2012 |
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Bernanke and his "hanky panky" is driving the country into the ground. The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erodes the value of the dollar.
Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. How long will Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation.
Over the past three recession years, the Federal Reserve has provided $16 trillion to banking institutions in America and in such foreign nations as Britain, France, Pakistan, Egypt and Germany. United States banking institutions receiving the funds included Citigroup, Morgan Stanley, Merrill Lynch and Bank of America. This huge transfer of money became known after the Government Accountability Office reported its findings upon completion of its very limited recent audit of the Federal Reserve. Its work was prompted by the rising number of members of Congress who have called for a complete audit of the Federal Reserve. Obviously, these preliminary findings warrant a complete independent audit of our Federal Reserve.
Hopefully, our elected representatives (Senators and Representatives) will continually strive for that audit. Ron Paul, one of the current presidential candidates has been advocating an audit for years. Come on congress wake up. Someone needs to demand an audit of the "Federal Reserve." It is completely out of control. |