If the stated reason for the Fed to exist is to stabilize the value of our money, the exact opposite has resulted in the nearly 100 years since the Fed’s creation. If We the People say ENOUGH, who in our Govt. would listen? The Fed & our Entire Govt. answer to a Globalist banker/corporatist cabal. They are moving against the People quickly hoping they can put the last nails in Sovereign Nations’ coffins.
Resistance is NOT FUTILE, but this fight is NEVER completely won and over. The fight for Freedom is ongoing because of the nature of the Satan Collaborators, this time “led” by the immature Narcissist marxist Soetoro. They will have no problem resorting to Violence because they truly do hate anyone who gets in their way. The 100s of millions killed by the Communists in our lifetime shows us what they are capable of, & make no mistake they will have no problem trying to wipe out the new crop of Dissenters.
The Fed has done a superb job maintaining a stable value of the US dollar. Its record is truly extraordinary.
If any other central bank in history were to expand credit and monetize national debt to the extent that the Fed has, its currency would have become utterly worthless in a hyperinflationary collapse. Instead, the Fed cooperated with the Treasury to create a clever global monetary regime that put foreign central banks on a dollar standard. Consequently, foreigners are essentially compelled to support the value of the intrinsically worthless dollar. This brilliant strategy has prevented a hyperinflationary collapse and put the dollar on a slow, relatively steady glide path to worthlessness. Though it has undergone several disruptive revisions, the monetary regime based on the US dollar has lasted for over 70 years. That the rest of the world would tolerate this is a tribute to the genius of those who run the Fed and the US Treasury. Even a genius like Bernie Madoff couldn’t come up with a scam this successful.