Please take a hard look at the chart provided, and consider what this means for you, your family, and your future purchasing power. That’s why building a financial strategy that protects you from inflation and dollar devaluation is no longer optional, it’s essential.
By law, the FED can use recently printed dollars to create additional fiat’s money (Fractional Banking). That’s why we as the general public should be building a solid financial strategy that protects us from inflation and dollar devaluation. This is not an option, but it’s essential. How will this affect inflation? And this is just the St. Louis FED. Inflation is a hidden tax that really hurts the middle and the lower class of income earners. Inflation benefits governments that have debt. It allows the government to pay back its debt in cheaper dollars, yet the public suffers, especially those who are on a fixed income. From 1913 to 2009, the FED has been accountable to no one. It can cause inflation, deflation, recessions, and depressions, and until 2009, it answered not to Congress or the American people. Good men such as Ron Paul in 2009 forced Congress to pass the Federal Reserve Transparency Act to have audit reform on the FED by 2010 and then it was not completed.
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