To most Americans, the Federal Reserve is just another name on their dollar bill. They don't know that this secretive private bank controls America's entire economic system. The Federal Reserve is no more federal than Federal Express. Created with no constitutional authority in 1913, the Fed prints money out of thin air and loans it to the U.S. treasury at interest. This can only lead to one outcome: debt. Currently, the Federal Reserve is printing billions of dollars to bail out Wall Street while destroying the middle class and the dollar. If our country wants a sound and transparent monetary system, we need to phase out the Federal Reserve system giving power back to the U.S. treasury.
abolish federal reserve dollar ron paul bank economy recession depression stock market wall street crash crisis monetary policy fiat currency devaluation interest rates inflation scam fraud debt banking international bankers new world order bernanke greenspan edward griffin 1913 peter schiff news politics government bailout obama stimulus june 2009