Enormous profits were made by those who were privy to Fed policy and got out of the stock market in the summer of 1929. By 1933, the Dow Jones had shrunk 95 percent and real bargains wereavailable for those with cash. The game worked so well it has been repeated at regular intervals. Former Congressman Ron Paul reports that since creation of the Federal Reserve in 1913 the U.S. dollar has lost over 90 percent of its purchasing power. Certainly this has not happened by accident.
Central banking is an absolute necessity for dictatorial control over a nation.
And while socialism may be crumbling in the Soviet Union - it's doing very well in the United States, thank you. This same endeavor of creating money by you or I is called counterfeiting. The Federal Reserve Act enabled the bankers to put the government deeply in debt to themselves. Between the Declaration of Independence and the creationof the Fed in 1913, the National Debt had been run up to a little over a billion dollars. Now, using the Federal Reserve, our Debt stands at over four trillion dollars.