Video: A look at what the Federal Reserve really does

Since the inception of the Federal Reserve System in 1913, the United States dollar has lost 95 percent of its value as more paper money circulates throughout the economy. This has happened because of a wide variety of reasons: debt machines, cozy government-Fed relationships, Keynesian economics and inept leaders at the central bank and so much more.

End the Fed…

Here is a three-minute video that takes a look at what the Fed is and what it does:

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Comments

  1. JRATT1956 says:

    Way to twist the facts.
    The U.S. dollar experienced an average inflation rate of 1.38% per year between 1776 and 2013. $1 in the year 1776 is worth $25.69 in 2013.
    The value of the dollar changes over time because of price inflation of goods and services. This would happen with or without the FED. Look at gas prices today they are much lower than 2011 is that caused by the FED?
    In the video they say that there will never be enough money to pay off the debt, but that is a lie. If the government wanted to pay off the debt all they would need to do is add a 1% debt tax on every financial transaction and use this money to pay down the debt. If they paid down the debt at 500 billion per year (If the tax raised less it would take longer to pay off) it would be zero in about 40 years. As the economy grows over the years the tax would raise even more money and the debt might be paid off even faster. Simple math proves that the lie that we could never pay off the national debt is false.

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