The Plague that is Killing Our Country
July 11, 2011
I am more than a little dismayed and consistently amazed that people don't understand the workings of the Federal Reserve (Fed). I am even more amazed and astonished – floored, to be precise – that most could care less. Why would anyone willingly give another the money out of their pocket so that the organization could turn around and loan it back to them at interest? But that's exactly what the Fed does.
Since the Fed is a PRIVATE organization, one would think the conflict of interest that exists when a for-profit, private organization can set the interest rate on the American dollar (from which they profit) would be readily apparent. But America is mute, dumb and blind. Riddle me this Batman – if the Fed attaches interest to every dollar printed, how can we ever be a debt-free nation?
None dare perceive the connection between the Fed and the IRS. The IRS is the collection agency for the Fed. People don't realize that 100% of their federal income tax goes to pay interest to the Fed on the debt. Most, if not all people, believe their taxes go to who knows what - fixing the roads, etc. But that's not the case. Really, in simple terms, if we get rid of the Fed, there is no need for the IRS, and subsequently no need for a federal income tax - we save money all around.
Congress could end the Fed with a simple vote, and immediately eliminate the majority of the United States debt – that’s a fact – just by ending the Fed. They could further reduce the debt by eliminating the IRS, and would be returning the income tax to the individual’s personal income. What a boon to the American taxpayer! But no U.S. representative will even consider this. Why? Perhaps it’s because the banks that make up the Fed contribute to their campaigns?
Lastly, I'm amazed that people don't understand the idea of sound money, or see / understand how much the Federal Reserve is against it. One thing all of the presidents assassinated in the United States have in common is their hatred for a national bank / central bank.
This country can no longer afford to live in such ignorance of history, as it is clear that those who do not know history are doomed to repeat it. We are not at the edge of the cliff – we are already falling down the other side. As a Safety Professional I can say with assurance that the fall never killed anyone - it was the sudden stop. America is heading for a sudden stop, and the ramifications and consequences are severe and significant.
Thomas Lee Dahl is a working professional with a keen interest in financial and political issues. He can be reached at firstname.lastname@example.org.