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've been schooled on this thread, I didn't know that the almighty America, is not quite as democratic to the core, especially in the area of national reserve which is the financial backbone of a country. I guess that the bourgeoisie and the oligarchy will always want to protect their interests at the expense of the ordinary masses. Even in the underdeveloped countries where the government appoints a central bank governor, I don't see any difference between their central banks and that of the US that is run by a select few because the governor of the central banks only dances to the tunes of who appointed them. In this regard whether it's the government or a few cabals that controls national reserves, they're all the same, they'll skew the treasury to their own selfish advantage. The ordinary masses are the major ones that'll bear the brunt of inflation anywhere in the world.