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Perpetual Debt Machine: U.S. National Debt Is 5000 Times Larger Than When The Federal Reserve Was Created

Have you noticed that very few people in the mainstream media ever directly criticize the Federal Reserve?  But why should that be the case?  Criticizing top politicians from both major political parties has become a national pastime.  Most Americans love to throw mud at either the Republicans or the Democrats.  But we are told that the Federal Reserve is “above politics” and that it is absolutely vital that the Fed remain “independent”.  The reality is that the Federal Reserve has more control over the performance of the U.S. economy than the president even does, and yet most Americans never spend much time thinking about the Fed at all.  It is almost as if someone has instructed us to “ignore the man behind the curtain” and most of us just blindly obey.  With the economy in such a mess and with the national debt exploding so dramatically, isn’t it about time that we had a national conversation about the performance of the Federal Reserve?  Isn’t it about time that we evaluated whether the Federal Reserve is doing a good job or not? (Read More...)