If you really want to understand this graph:
The amount of damage this has done cannot be overstated. It can be argued that the US may have gotten rid of race-based slavery, but debt-based slavery is very, very real.
You should read "The History of Central Banking and The Enslavement of Mankind" by Stephen Goodson. You can get it here.
It's a fairly quick read and it makes the case, a strong one, that most modern wars and political assassinations and the like are a direct result of central banking.
In the US, The Fed is private corporation. Their job is to print money for the government. This money is a Federal Treasury Bond. So the government says, "We want $1 trillion" and the Fed LOANS it to the government. We all then pay interest on it, essentially forever.
When Hitler took power, he got rid of Germany's private central bank and made it under government control. The government gave loans, incentives for housing and marriage and families, and German unemployment was at nearly 0%. The government charged very little interest on their loans and their economy soared and the people prospered.
Look at the graph. Before the Fed was created, aside from two blips, there was no inflation. If McDonald's had existed in 1801 and they sold a cheeseburger for 5 cents, then in 1905, that cheeseburger would still be selling for 5 cents.
To drill this point home even further, from this article:
It's a fairly quick read and it makes the case, a strong one, that most modern wars and political assassinations and the like are a direct result of central banking.
In the US, The Fed is private corporation. Their job is to print money for the government. This money is a Federal Treasury Bond. So the government says, "We want $1 trillion" and the Fed LOANS it to the government. We all then pay interest on it, essentially forever.
When Hitler took power, he got rid of Germany's private central bank and made it under government control. The government gave loans, incentives for housing and marriage and families, and German unemployment was at nearly 0%. The government charged very little interest on their loans and their economy soared and the people prospered.
Look at the graph. Before the Fed was created, aside from two blips, there was no inflation. If McDonald's had existed in 1801 and they sold a cheeseburger for 5 cents, then in 1905, that cheeseburger would still be selling for 5 cents.
To drill this point home even further, from this article:
The amount of damage this has done cannot be overstated. It can be argued that the US may have gotten rid of race-based slavery, but debt-based slavery is very, very real.
