Article one, section eight of the Constitution gives the power to the congress to “coin money and regulate the value thereof”. The people, through their representatives, are supposed to be the ones driving monetary policy in this country. This is no longer the case. Nearly one hundred years ago we turned this most crucial regulatory power over to the Federal Reserve and a group of unelected bankers. The promise was that a central bank would even out the business cycle, tempering the highs and protecting us from the lows. In less than twenty years there were two depressions, one which we labeled “great”. Yet the folly continued and does so to this day. Why? Power and money, pure and simple.The Fed and Congress are robbing We the People with chicanery and obfuscation.
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