The Federal Reserve - Destroying the Middle Class and Life as We All Know It.

As America approaches the fiscal cliff commencing January 1, 2013, an assessment of the historical effectiveness of the Federal Reserve’s (Fed) monetary policy is critical to understanding the gravity of this imminent financial crisis.  Government debt together with the Fed’s creation of money has kept the U.S. economy from collapsing to this point, but all American’s must ask themselves if they are truly better off today or if the problems were only escalating problems to monstrous proportions, and deferring them to future generations.
Clearly if you look at where the U.S. is at today, the Fed has failed on a number of its mandates.  First let’s analyze their sound currency policy.  The U.S. dollar today is worth less than 19 cents when compared to 1971, and as you can see from its peak level in 1985, it is down 52%.   From a shorter term perspective it is down about 28% over the last 10 years, and continues to be on a slippery slope with the risks of further depreciation still in place today.  This loss of value over the year has led to many major economies worldwide beginning to move away from the U.S. dollar by forming more bi-lateral trade agreements.  This includes China, Russia, Middle Eastern Countries and Brazil.  One of the outcomes is that these countries are now trading commodities like oil in their currencies as well as the U.S. dollar, to avoid losing value by using depreciating U.S. dollars. ......Read More 

Thank You
Ziad K Abdelnour