Our college career encompasses a vast amount of experiences. We are encouraged to grow both personally and professionally. The distractions of working a dead-end job, attending our friend’s parties, girlfriends or boyfriends, and every other thing you could think of hinders us from learning and accepting matters that could affect the future our nation.
Be distracted no more.
I assume most people living inside of the U.S. borders have heard of the Federal Reserve (more commonly referred to as the Fed). This is our central banking system created in December of 1913 due to a series of financial panics. Something that is interesting about the Fed is that it’s not federal and there are no reserves. Zero. Zip. Nada. Let me explain further.
In 1910, there was much financial turmoil in America. Smaller banks were falling subject to larger banks and the American people started developing distaste for those banks gaining control. Something had to be done to regain the trust of the American citizens and the large bank owners recognized this.
Nelson Aldrich, Senator from Rhode Island, who at the time was one of the most powerful men in Washington, gathered together leaders from some of the largest banks in the world, J.P. Morgan, Rothschild banking dynasty from England and France, National City Bank of New York, and several others.
These men met in secret at Senator Aldrich’s private island, Jekyll Island in Georgia, and created our current Federal Reserve system. The reason why they had to meet in secret is because it would have brought great attention to their deceptive and unlawful tactics of implementing a central ‘government’ banking system that was created and monitored by the world’s richest men.
When I say our Federal Reserve system is not federal, this is what I mean.
As stated previously, I said our Federal Reserve system currently has no reserves. All loans that our Fed lends is supposed to be backed by the gold standard. Which means, that each dollar spent is backed by gold. This sounds very promising because gold usually ensures security into the hearts of all people, but unfortunately our Federal Reserve does not have any gold backing any amount of paper money filtering through their system.
Let me put it even more simply, our government is printing money out of thin air and is lending massive amounts. When our paper money is not backed by gold it then begins to deflate. When deflation of our paper money occurs our goods and services begin to inflate very rapidly.
The Federal Reserve is a joke that isn’t funny whatsoever.