Fasten yer seatbelts

Video Rebel's Blog

The Federal Reserve was created in 1913 to do four things which the FED is still engaged in today.  The Panic of 1907 was caused by speculators who used borrowed money to buy stock and by bucket shops which defrauded investors.  The Monetary Reform Commission  run by Senator Nelson Aldrich wanted an elastic currency so  the financial blunders of the 0.1% could be covered up by passing the costs onto the 99.9% through inflation. An elastic currency also allowed the costs of wars to be disguised  by inflation. The Federal Reserve also set up a fractional reserve banking system which permitted ten dollars to be loaned out for every one in deposit. This intentionally created an exaggerated credit cycle so bankers could profit from the wild swings in the prices of stocks and mortgages. And finally the Federal Reserve Note is an interest bearing currency which requires us to give…

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