People are funny about money and so is our government. The US government is funny with its money in that it ceaselessly prints more money to make up for spending shortfalls. No other country in the history of the world has gotten away with printing money in this way because the prices always rise with the printing and run away inflation makes the economy unstable. Eventually the house of cards collapses under its own weight. So how are we able to print so much money and and get away with it? I learned about how we are able to keep up the charade and much more by reading the book The Creature from Jekyll Island by G. Edward Griffin and will attempt to summarize it for you now. The first puzzle piece is to understand the Federal Reserve Bank (the FED) and how it works. In 1913 Woodrow Wilson (who's presidency was funded by bankers) met with a limited number of the congress just before the holiday break and pushed through the Federal Reserve Act which ...
Beware the extremes!