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.
Category: Business
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Google, a popular search engine, was initially called BackRub but the name was changed to a play on the large number named googol which is 1 followed by 100 zeros or written another way 1.0 × 10100
Some unnamed countries use a military doctrine whereby civilian casualties are triggered to drum up public support for war on humanitarian grounds. Infiltration of adversaries using hired rebels combined with crafted media propaganda is a powerful and highly effective combination.
General Wesley Clark once stated, “They wanted us to destabilize the Middle East, turn it upside down, make it under our control.” He recounted a conversation he had in 1991 with Paul Wolfowitz in which the then-number-3-Pentagon-official, told Clark: “One thing we did learn [from the Persian Gulf War] is that we can use our military in the region – in the Middle East – and the Soviets won’t stop us. And we’ve got about 5 or 10 years to clean up those old Soviet regimes – Syria, Iran [sic], Iraq – before the next great superpower comes on to challenge us.”
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.