December marks the 100th anniversary of the creation of the Federal Reserve Bank which is responsible for inflation. The Fed, which is not accountable to the government, has caused the US dollar to lose over 95% of it’s value during this time.
Tag: federal reserve
According to TreasuryDirect, which is run by the Feds, US Government debt outstanding is lower in August 2013 as compared to March 2013 even while continuing to borrow heavily to finance massive deficits. It is uncertain how long they can continue this creative accounting method.