The Federal Reserve has joined an open conspiracy with its other central-banking buddies to steal several trillion dollars from my grandchildren.
The plan is to steal not just from my grandchildren, but from all of us. Each American anywhere who measures the value of his savings, the pay he receives, the stocks he owns and every other possession he has in dollars — the currency that is created and controlled by our central bank — is a target.
Every time the Federal Reserve turns on the printing presses and creates “money” out of thin air (or, more accurately, creates a digital entry on a computer screen), it reduces the value of all the money that is already in circulation.
The equation is simple: The more fiat (unbacked) currency that is created, the less each individual currency unit is worth. The creation of fiat money is the only reason for inflation. Rising prices do not cause inflation, as the powers that be would like you to believe. You see, if you accept that false explanation, you will put the blame for rising prices on businesses — not on government, where it belongs.
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Chip Wood (photo)