DEAR SOPHIA,

A LOT OF NOISE IN THE NEWS ABOUT THE FEDERAL RESERVE. BOY DO I HAVE EXPERIENCE ABOUT THIS.

1. THE FEDERAL RESERVE IS NOT PART OF THE GOVERNMENT.
2. THE FED IS COMPRISED OF PRIVATE BANKS.
3. THE FED ONLY HAS A CONTRACT TO MANAGE THE MONEY SUPPLY FOR THE US TREASURY.
4. THE FED DOESN’T HAVE A BOSS. THEY ARE NOT ACCOUNTABLE TO ANYONE.
5. THE FED IS ALSO PART OF A GLOBAL CENTRAL BANK SYSTEM THAT IS COMPRISED OF ALL THE CENTRAL BANKS IN WHAT IS KNOWN AS “BIS” WHICH STANDS FOR BANK OF INTERNATIONAL SETTLEMENTS. THE BIS WAS CREATED TO ADMINISTER WAR REPARATIONS FOR GERMANY AFTER WORLDWAR 1.
6. THE BIS IN THE MID 1920S BECAME SOMETHING DIFFERENT WHICH WAS THEN CONVERTED INTO THE CENTRAL BANK FOR CENTRAL BANKS. SO OUR FED BECAME ANOTHER BANK INSIDE THIS INSTITUTION.
7. THE BIS’ SOLE PURPOSE IS TO PROTECT THE INTERNATIONAL BANKING SYSTEM I.E. THE PRIVATE BANKS.
8. ALL OF THEM ARE AN UNMONITORED, UNACCOUNTABLE OLIGOPOLY, PROTECTING PRIVATE BANKS.
9. THE FEDERAL RESERVE HAS BEEN A FAILURE IN EVERY WAY POSSIBLE.
10. HERE IS THE PARTIAL LIST OF FAILURES: THEY CREATED THE CONDITIONS FOR THE BUBBLE, LEADING TO THE CRASH OF 1929. THEN, IT EXACERBATED THE GREAT DEPRESSION WITH MISMANAGEMENT. IT WAS NOT TARRIFFS THAT CAUSED THE GREAT DEPRESSION. IT WAS THE FEDS’ POLICY AFTER THE CRASH OF 1929 THAT CAUSED THE GREAT DEPRESSION. NEXT, THE BIS FACILITATED THE LOOTING AND HIDING OF ALL THE NAZI PLUNDER. THE FED CREAETED THE INFLATION OF THE 1970S, CAUSED THE RECESSION OF 1991 AND 1992, AND CREATED THE BUBBLES THAT ULTIMATELY POPPED IN 2007-8.
11. AND ULTIMATELY HAVE DEVALUED OUR CURRENCY FROM 1913 TODAY TO BE ONLY WORTH 13 CENTS ON THE DOLLAR.

THE CURRENT ATTACKS ON THE FEDERAL RESERVE ARE JUSTIFIED. THERE ARE MANY MORE SCREW-UPS BUT I CAN’T EXPLAIN THEM ALL HERE. THE FED IS VERY POLITICAL AND IT IS A MISUNDERSTANDING TO THINK OF THEM IN A REVERRED MANNER. IN THE FUTURE I WILL EXPLAIN MORE.

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LOVE,

DAD