Sep 7, 2014 Posted by AGA Editor

10 Things That Every American Should Know About The Federal Reserve

What would happen if the Federal Reserve was shut down permanently? Most Americans don’t really think about the Federal Reserve much. Most Americans are content with believing that the Federal Reserve is just another government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. In fact, far from it. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. If you don’t believe that your not listening.

The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.

The following are 10 things that every American should know about the Federal Reserve….

#1 The Federal Reserve System Is A Privately Owned Banking Cartel

#2 The Federal Reserve System Is A Perpetual Debt Machine

#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar

#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability

#5 The Federal Reserve Is Paying Banks Not To Lend Money

#6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging

#7 The Federal Reserve System Is Dominated By The Big Wall Street Banks

#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913

#9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence

#10 The Federal Reserve Has Become Way Too Powerful

The Federal Reserve has become so powerful that it is now known as “the fourth branch of government”, but there are less checks and balances on the Fed than there are on the other three branches.

The Federal Reserve runs the U.S. economy but it is not accountable to the American people. We can’t vote those that run the Fed out of office if we do not like what they do.

Yes, the president appoints those that run the Fed, but he also knows that if he does not tread lightly he won’t get the money from the big Wall Street banks that he needs for his next election.

Our founders did not intend for a private banking cartel to issue our money and set our interest rates for us.

The one question I think we all are missing is this… Why is the Federal Reserve printing our money and setting our interest rates?

Most Americans assume the U.S. Federal Reserve is a powerful government institution that seeks only to safeguard the dollar, boost the economy and drive employment higher.

That’s what the Fed wants you to think.

The illusion of the Fed as a stabilizing, positive government entity has more or less existed since its creation under in 1913.

Congress has played along the whole time, first by approving the legislation that created this beast and later by endowing the Fed with its “dual mandate” to combat both inflation and unemployment.

The real reasons the Fed was created, and many of the things it does to this day, would shock many Americans.

“If the American people truly understood how the Federal Reserve System works and what it has done to us, they would be screaming for it to be abolished immediately,”

Are you awake Yet?