Founding Fathers Quotes on How Central Banking is Destructive to America's Economic System

in centralbanking •  5 years ago  (edited)

Has the world gone mad? Ask anyone who is paying attention and they will tell you that our politics, our government, and our leaders have become divorced from reality.

What’s causing this madness? you might ask. You’ll find the answer you’re looking for somewhere in the halls of the Eccles Building in Washington, D.C. It houses the main offices of the Federal Reserve, the central banking system of the United States of America. Some of the ostensible functions of the Federal Reserve is to address the problem of banking panics, manage the nation's money supply through monetary policy, moderate long-term interest rates, and to balance private interests of banks with the centralized responsibility of government.

Unfortunately for us, it’s spent the majority of the time since its inception fumbling and mismanaging these functions. In the process it’s given private banks and our government an endless supply of credit that has decoupled decisions from their consequences. They’ve financed countless wars around the globe, skyrocketed our national debt, facilitated multiple bubbles, encouraged the implementation of unsustainable social programs, and pit us against one another for receipt of the spoils. Unless and until we do something about it the proponents of central banking are going to continue joyriding, that is until the creditors come knocking.

The central banking system poses as an existential threat to the United States and we can’t say we weren’t warned: Founding Fathers Quotes on How Central Banking is Destructive to America's Economic System at Ammo.com

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