As Texas US representative and eternal presidential candidate, Ron Paul, suggests so ably in his book, End the Fed, maybe it IS time to get rid of this quasi-socialist, blatantly un-American institution that has been with us for 100 years now. The primary problem before us is a lack of information and understanding on the part of the public. A few understand how it works, though not as many as should. That's part of the focus of Paul's book – education and enlightenment for those who received only a cursory glossing on the topic in high school or college.

In simple terms, the “Fed” refers to the Federal Reserve Banking System which, ostensibly, was created to insure economic stability in the United States. The prevailing theory – or at least the mush dished out by those hoping to dupe the masses – is that the existence of a central bank allows economists and politicians to manipulate the currency to allow good times to last longer and recessions to be milder. The power to create currency, unfortunately, is an absolute power, and we all know that absolute power corrupts absolutely.

The reality of the Fed is that it is a global cabal fronted by

gentlemen of benign appearance, with names like Greenspan and Bernanke, which is able to control hundreds of billions of dollars while risking only a few pennies on the dollar. It's the greatest investment scam in history and the names behind it, Rockefeller, Rothschild, Morgan, and others have been making out like bandits. A wise man once said on the radio that finding truth in all human endeavor is dead simple: follow the money.

Yes, indeed, follow the money to arrive at the true reason behind the rise of the Federal Reserve. The money trail tells all. From Europe these historical names synonymous with generations of power reached out towards the nation which had grown richer than any nation in history ever had. There had to be a way to dip their fingers into the incredible wealth being generated in the United States in the early part of the 20th century. Central banking scams had worked quite well in various European countries and it would work in America too – as long as no one pointed out what was afoot.

Read Ron Paul's book and learn what the Fed has been up to for the past century.

The American Monetary Association Team

Flickr / Gage Skidmore

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