The USA is about “17 Trillion” in debt and the spending continues. It seems people of this nation would have taken some stand to stop the spending. That has yet to happen due to the media swaying people away from whats going on.
Trends Journal Researcher Gerald Celente says (The USA is headed into a economic 9/11). Gerald was one of the individuals who predicted the 2008 crash which was broadcast on Fox Buisness.
One major problem I believe to be wrong with this damn country is the FED.
Let just start with the Federal Reserve since they are blood sucking leeches to any nation, but I’ll just speak on America behalf. The Federal Reserve System was established by President Woodrow Wilson in 1913. The premise used by President Wilson and his financial advisors for the establishment of the Federal Reserve System was to “supplant the dictatorship of the private banking institutions” and “to stabilize the inflexibility of national bank note supplies”. The previous system of banking was “feudal” in nature, in which private bankers control communities and could issue their own bank notes. They had little regulations concerning reserve assets and loan policies. Banking was a patch-quilt of institutions scattered across the face of the nation with no central policy. Now the FED was around way before 1913 and our Presidents did their best to keep it away from our nation, but as of today they failed.
With the advent of the Federal Reserve a new currency was issued - Federal Reserve notes, which at the time were based on the gold standard. The Federal Reserve was to unite and supevise the entire banking system, control the expansion or contraction of currency, and regulate the flow of money to the commercial banks through the establishment of 12 Federal Reserve Banks. The Federal Reserve is controlled by private banking interest and by Presidential appointment - but it is still a private organization and not a government entity. In 1913, President Wilson’s creation of the Federal Reserve System established a three-tier monetary system in the United States - the holders of money (public, government, business and institutions; the commercial banks that borrow from the public and issue loans; and the central bank or Federal Reserve that has a monopoly on the issuing of money. The Federal Reserve is technically owned by the commercial banks.
This Is A Cute And Factual Cartoon About FED.