Yesterday marked the 114th anniversary of the Federal Reserve. On November 24, 1910, a group of elite politicians and bankers convened in secret at Jekyll Island, Georgia, outlining a central bank system that could successfully get passed through Congress, giving birth to this formidable creature. Since its creation, it has devalued the US dollar by 97%, or as I like to call, it has impoverished generations by 97%.
It would take a century of draining wealth to create an unstoppable form of money capable of shielding the public from the grasp of this oppressive cartel. We should be grateful to live in such fortunate times.
I thought that the Federal Reserve was created in 1913, not 1910. Anyway, the exact year of creation doesn't matter.
You are right about the Federal Reserve devaluing the US dollar by 97%. Another weird thing about the Federal Reserve is that it's a private financial institution, while most central banks around the world are owned by the state. I'm not totally anti-dollar, but maybe the process of dedollarisation around the world is a good thing. The world shouldn't be dependent on a currency, that is issued by a private financial institution. We need a global economy, that isn't dominated by one currency.