11 Reasons Why The Federal Reserve Is Bad - By Michael Snyder

(Simplified - DaFederalReserve = DaSynagogue of Satan - designed as a FINANCIAL PARASITE to drain the financial wealth created by the American people over the last 100+ years and suck it into the coffers of those who created DaFed! How so? Read - "The job loss from offshoring also has had a huge and dire impact on Federal Reserve policy. With the decline in income growth, the US economy stalled. The Federal Reserve under Alan Greenspan substituted an expansion in consumer credit for the missing growth in consumer income in order to maintain aggregate consumer demand. Instead of wage increases, Greenspan relied on an increase in consumer debt to fuel the economy.

The credit expansion and consequent rise in real estate prices, together with the deregulation of the banking system, especially the repeal of the Glass-Steagall Act, produced the real estate bubble and the fraud and mortgage-backed derivatives that gave us the 2007-08 financial crash.

The Federal Reserve responded to the crash not by bailing out consumer debt but by bailing out the debt of its only constituency—the big banks. The Federal Reserve let little banks fail and be bought up by the big ones, thus further increasing financial concentration. The multi-trillion dollar increase in the Federal Reserve’s balance sheet was entirely for the benefit of a handful of large banks. Never before in history had an agency of the US government acted so decisively in behalf only of the ownership class."  - copied from an article in DLL

https://crushlimbraw.blogspot.com/search?q=Federal+Reserve&max-results=20&by-date=false&m=1- a list of headnotes to articles archived in DaLimbraw Library - read them all at your leisure. - CL)

Read  Michael Snyder full text:

https://www.lewrockwell.com/2025/01/michael-snyder/11-reasons-why-the-federal-reserve-is-bad/ 

Most Americans realize that the federal government is drowning in debt and that inflation is out of control.  But very few Americans can coherently explain where money comes from or how our financial system actually works.  For decades, bankers that we do not elect have controlled America’s currency, have run our economy into the ground, and have driven the U.S. government to the brink of bankruptcy.  The Federal Reserve is an institution that was designed to drain wealth from U.S. taxpayers and transfer it to the global elite.  Have you ever wondered why a sovereign nation such as the United States has to borrow United States dollars from anyone?  Have you ever wondered why a sovereign nation such as the United States does not even issue its own currency?  Have you ever wondered why we allow a group of unelected private bankers to run our economy?The War on Cash: How B...McRee, DavidBest Price: $15.99Buy New $14.34(as of 04:29 UTC - Details)

Those are some very important questions.  Hopefully what you are about to read will open the eyes of many.  The truth is that our financial system is centrally-controlled and centrally-managed by a group of banking oligarchs who oversee a constantly expanding debt spiral which could come crashing down at any time.  If the American people truly understood how our system works, they would be protesting in the streets right now.  The following are 11 reasons why the Federal Reserve is bad…