NEW YORK (CNNMoney.com) — The Federal Reserve bears much of the responsibility for keeping the nation’s economy on track but few Americans are fully convinced that the central bank can improve the country’s financial situation.
Last month, the central bank lowered the fed funds rate to 2%. It had been as high as 5.25% as recently as September. But the downside of lower interest rates is often higher inflation and the Fed has a duty to both maintain economic stability while controlling inflation.
I think the Federal Reserve is the most evil thing we have in this country. It is runned by a secret group of people, who have the power to make a whole country fall to it’s knees. As they have, and are doing right now. The only thing these money changers believe is, they rule the world. Guess what, they do.
If you haven’t read the book, “The Creature from Jekyll Island “, about how the Fed was put together, I suggest you get a copy quick. Another book to read is “What has Government done to our Money?” by Murray Rothbard (personal favorite).
And if you don’t feel like reading, then hear/watch what one of my hero’s of the “Old Right” Father Coughlin had to say about it.