[X] Ted Dunlap – governor

Arguably the most important thing for you to understand today is the source of our current financial situation. If you don’t know WHY the economy is in trouble and HOW it got there, you will probably accept, or worse, facilitate a solution that is worse than our current mess.

After many attempts, private banking interests took over control of the US dollar with The Federal Reserve act of 1913. In essence, they print the dollars and buy Federal Treasury Bonds to finance the US government with some of them. What they do with the rest is unknown to the public, but US Congressman Ron Paul initiated a bill to Audit The Fed to find out – or more accurately, so the public can find out. This bill now has 317 co-sponsors in the House and 32 in the senate. Obviously some people who know think you ought to know.

What we do know they did is to print so many dollars that the value of each has been diluted by 95%. While they can play dumb to why your dollars have lost value, the truth is plain to see. The simplest of the rules of economics is that scarcity upholds value while overabundance dilutes it.

The federal reserve actually still publishes the chart below. It is a full confession of their dilution of the dollar. That their profligate printing is finally destroying our economy comes as no surprise to economists of the Austrian School. That the Fed and politicians will lie about the cause is a foregone conclusion. The unknown is how many of you will believe them?

Read more of my essays on economics HERE.
Ted Dunlap