6 months ago, someone turned me on to a great video put together on YouTube which explains the fallacy of the Federal Reserve and dangers of inflation perhaps better than any other single source I have come across today. Titled ‘Duck Tales Inflation Lesson,’ the video is a four minute clip taken from an episode of Duck Tales (one of my favorite shows growing up. I totally remember this one) where the ignorant boys stumble upon a device which can duplicate money.
Watch the video here
The Mutiphonic Duplicator is the Federal Reserve. The Federal Reserve is the private (meaning not governmental; meaning owned by private interests) central bank who is solely in charge of setting monetary policy for the United States. They control the interest rates (which are currently about as low as they can go) and currency printing presses. They loan the US Government money (with interest) to fund any spending program or foreign war that our President and Congress desire. This is done simply by entering a number with many zeros into a computer at the Fed which is then transferred to another digital bank account where the funds will then be available for spending. Every time this is done, the currency inflates and every existing dollar drops in value. Through the creation of cheap credit, the Fed has ushered in a century booms and busts (though it was created to prevent such a phenomenon), bank bailouts, and nearly continuous foreign wars. Back to the story…
Now available on Amazon.com