Topic: The Very Worst Thing About the Federal Reserve - page 2. (Read 2818 times)

I would argue that any entity that has the ability to create money out of thin air and has a means of forcing people to use that money will become indistinguishable from a government and will have all the abuses associated with bad government.  Freedom of choice is the main defence against this.

The fact that the value of the dollar has declined by over 96% since the creation of the Federal Reserve Central Bank is NOT the most important thing to know about the Federal Reserve. The fact that they alone have the ability to counterfeit our currency is NOT the most important thing. The fact that they can make our economy swing wildly through cycles of boom and bust (partially through the practice of fractional reserve banking) and leave economic destruction in its wake is NOT the most important thing about the Fed. The fact that they have looted our wealth by completely removing precious metals from our coinage and currency redemption is NOT the most important thing. 

The most important thing to know about the Federal Reserve, and much more disturbing, is the power that this and other central banks give governments to wage war. Our two tragic World Wars were NOT possible without the Federal Reserve. The ability for governments to borrow money from thin air and go into debt for war created the largest-scale wars in the history of the planet and tallest pile of corpses in the history of the planet. Central Bank debt gave us aircraft carriers. It gave us submarines. It gave us nuclear weapons. Have we done good with them?

Even now, the ability of the treasury to type numbers into its bank account enables the largest military and police state to abuse, incarcerate, and kill innocents both foreign and domestic. 

This is the most important thing about the Federal Reserve. This is why money of the future can't have a central authority. Or if it does, we better make damn sure it's not a government. We better make damn sure that the ones who control our money are not the same ones with a self-declared "legal" monopoly on the morally illicit use of violence - which is to say: free from authoritarian coercion. 

Money, the result (not the cause) of our work, our effort, and our intellect, is essential for our survival and comfort. If you hate money, it's because you've never seen it. It's because money as we know it today is not free. Free market money only means "voluntary and peaceful transactions." This is the opposite of that dollar in your wallet. 

Free your money. Free your mind.