The Federal Reserve is the largest player in the world’s largest economy. It’s a behemoth that affects us all.
– “The Federal Reserve is more powerful than Congress.” Ron Paul[3]
– And it’s on a runaway train
– Things cost 2230% more than at the Fed’s inception.
– While there was a 48% DECREASE in prices in the hundred years before.
Filled with Fiat Money
– Rapid expansion of the monetary base was used to purchase the toxic assets of the financial crisis. This enabled the reserve ratio to remain intact, in case there was a run on the banks. [6][7][8][9]
– With $1.2 trillion lent to the top 30 banks in the world. [10]
– A money supply that is too quickly increased risks hyperinflation. A risk to all of us, and particularly the elderly, who are often on fixed incomes.
Source The Online Accounting Degrees