Arkady's Thoughts

Inevitably while exploring the nature of our frail financial system one gets awfully suspicious of the big bad federal reserve, an institution created by several bankers and politicians at the turn of the century in order to avoid banking panics.  Several core tasks of the Federal Reserve were to preserve and maintain the health of the American economy and avoid banking panics the likes of 1908.  A secondary and rather subjective task was to preserve the integrity of the US Dollar.  After eleven recessions, a great depression and the current financial crisis one would agree that the Fed failed.  Worse yet, since 1913 (The Fed's creation) the dollar has lost 95% of it's value, so that is another second failure.  A catastrophic failure of such proportion would send most private corporations into exile and permanent banishment, but since the Fed is the creation of Congress and the Fed's members are partially appointed by our Government - continued failure can be tolerated. 

No, this has nothing to do with liberals or conservatives or socialism or any of the other crap that we are used to hearing.  I present to you a video of one, Dr. Edwin Vieria Jr, a Harvard educated expert in the matters of money and how money works in America.  It is becoming apparent to me as I explore in more detail some of the profound historical changes that have taken place in America and their root causes.  Somehow, it all tends to lead to the exact same source.  While we can certainly discuss until the cows home the merits of government intervention, policy and how much of a social safety net we should, none of it means a damn bit when you realize that our government has the power to create money and put us in debt.  This may sound rather superfluous, but it is important in more ways you can imagine.  To get directly to the point, we are being held hostage by our Federal Reserve, but you do not need to believe me.  You don't even need to believe Edwin although I encourage