#1The greatest period of economic growth in U.S. history was whenthere was no central bank.

#2The United States never had a persistent, ongoing problem with inflationuntil the Federal Reserve was created. In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has beenabout 3.5 percent, and it would be even higher than that if the inflation numbers were not being sogrossly manipulated.

#3Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.

#4The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.

#5In 1913, Congress was promised that if the Federal Reserve Act was passed that it wouldeliminate the business cycle.

#6The following comes directly fromthe Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.”

#7It was not an accident that a permanent income taxwas also introduced the same yearwhen the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#8Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#9If you can believe it, there have been10 different economic recessionssince 1950. The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has createdthe largest bond bubblein the history of the planet.

#10According to an official government report, the Federal Reserve made16.1 trillion dollarsin secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly frompage 131of the report…

Citigroup –$2.513 trillion
Morgan Stanley –$2.041 trillion
Merrill Lynch –$1.949 trillion
Bank of America –$1.344 trillion
Barclays PLC –$868 billion
Bear Sterns –$853 billion
Goldman Sachs –$814 billion
Royal Bank of Scotland –$541 billion
JP Morgan Chase –$391 billion
Deutsche Bank –$354 billion
UBS –$287 billion
Credit Suisse –$262 billion
Lehman Brothers –$183 billion
Bank of Scotland –$181 billion
BNP Paribas –$175 billion
Wells Fargo –$159 billion
Dexia –$159 billion
Wachovia –$142 billion
Dresdner Bank –$135 billion
Societe Generale –$124 billion
“All Other Borrowers” –$2.639 trillion

#11The Federal Reserve also paid those big banks$659.4 millionin fees to help “administer” those secret loans.

#12The Federal Reserve has created approximately2.75 trillion dollarsout of thin air and injected it into the financial system over the past five years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.

#13We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banksnot to lend out 1.8 trillion dollarsin “excess reserves” that they have parked at the Fed.

#14Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favors the very wealthy.Even Barack Obama has admittedthat 95 percent of the income gains since he has been president have gone to the top one percent of income earners.

#15The gap between the top one percent and the rest of the country is now the greatest that it has beensince the 1920s.

#16The Federal Reserve has argued vehemently in federal court that it is”not an agency”of the federal government and therefore not subject to the Freedom of Information Act.

#17The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations”.

#18The regional Federal Reserve banksissue shares of stockto the “member banks” that own them.

#19The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held17 percentof all U.S. banking industry assets. Today, the five largest U.S. banks hold52 percentof all U.S. banking industry assets.

#20The Federal Reserve is supposed to “regulate” the big banks, but it has done nothing to stopa 441 trillion dollar interest rate derivatives bubblefrom inflating which could absolutely devastate our entire financial system.

#21The Federal Reserve was designed to bea perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has gotten more than 5000 times larger.

#22The U.S. government will spendmore than 400 billion dollarsjust on interest on the national debt this year.

#23If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.

#24According toArticle I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing it?

#25There are plenty of possible alternative financial systems, but at this pointall 187 nationsthat belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence?