ECONOMICS: Just End The Fed now for good

Monday, May 12, 2025

https://x.com/rickydoggin/status/1902482549609545959?s=51&t=fNifJ9M-EU2FgGneNcz51w

G. Edward Griffin, author of the legendary “The Creature From Jekyll Island,” outlines seven compelling reasons why the Federal Reserve should be abolished. 

1) It is incapable of accomplishing its stated objectives.

2) It is a cartel operating against the public interest.

3) It is the supreme instrument of usury.

4) It generates our most unfair tax.

5) It encourages war.

6) It destabilizes the economy.

7) It is an instrument of totalitarianism.

# – # – # – # – # 

As Ron Paul pointed out, the fiat money steal wealth from the poor, those on fixed income, and the young trying get ahead.

My particular gripe is with the “2% inflation target” that devalues our savings.  The Ponzi scheme of “Social Security Insurance” (what a joke)  — while transfer wealth from poor minority men to rich white women  —  take my dollars in “contributions” and returns inflation ravaged “dollars” decades later that are worth a few pennies in purchasing power.  Argh!

Wake up people!

When we were on a gold standard, prices deflated, savings were easy in gold coins, and life was predictable.  Now with fiat dollars (it’s a dollar because the Gooferment says it is), the Gooferment gets an endless spending spree, forever wars, and welfare to but votes.

Sigh!

—30—