The Phaserl


The Federal Reserve: A Stunning Failure — James Corbett

from USA Watchdog:

Journalist James Corbett thinks much of the world’s problems can be traced back to the Federal Reserve and recently produced a free online documentary to back up his charge. Corbett says, “The central banking issue and who controls the money supply is really at the root of so many of the problems we see taking place right now; it’s not only economically, but geopolitically.

The United States ability to wage war around the globe is predicated on the ability to continue issuing debt in order to create more money in the economy. . . . By any measure you want to use . . . the Federal Reserve, it is a stunning failure because it fails to live up to all the reasons it was created for including insuring the stability of the money supply and the stability of the purchasing power of the dollar which has declined a staggering 97% since the creation of the Fed 100 years ago. . . . That failure keeps snowballing on itself. So, the problems keep getting bigger and bigger and bigger. . . . It is a system designed for and by the private banking cartel, and it serves their interests very well to the detriment of everybody else in the country.”

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