The Federal Reserve is a Ponzi Scheme and Needs to Go!

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Alan R. Adaschik | Wake Up World

Most Americans are proud to be American and consider the United States to be the greatest nation in all of history, and there are many things we can point to which substantiates this belief. However, everything in life is transitory and when all is said and done, history will judge that instead of America being something special to be admired, Americans were suckers who fell hook line and sinker for the worst Ponzi Scheme the world has ever seen: the Federal Reserve Bank, more commonly known as the Fed.

The original Ponzi scheme was a swindle which was conceived and run by an Italian immigrant named Charles Ponzi, who defrauded his investors out of millions of dollars during the 1920’s. The con, like most cons, is deceptively simple. Its perpetrator convinces his clients that he is a skillful investor or entrepreneur who will make them more money than they could possibly make investing elsewhere. Once people (suckers) are hooked and give their money to the perpetrator, instead of earning a return on their investment, they are paid what they believe are earnings from money that is conned from newer investors in the same scheme. The scheme functions smoothly for a while, but an increasing number of new investors are required to pay off the older investors and keep them at bay. Of course, in the long run, this is an impossible situation and eventually, the scheme collapses with those still in the game losing everything they invested.

Understanding the above, upon examination it becomes clear that the Federal Reserve Bank has many of the same characteristics as a Ponzi scheme.

First of all, like a Ponzi scheme, it began with a lie concocted solely to suck in its intended victims — the promise to regulate the US economy such that economic booms and busts would be eliminated. In truth the opposite has been the case since the passage of the Federal Reserve Act in 1913. In fact, the Fed actually played a role in bringing about the Depression of 1929 and the deep recession which presently grips the nation.

Secondly, similar to a Ponzi scheme, the Fed takes our money and gives us nothing in return. The money we give to the Fed is not earned for any service it provides, nor is there any reasonable justification for us to give it them. This is how the scheme came about:

“The goldsmiths were our first bankers. Goldsmiths worked with precious metals and… it was only natural for people to take their excess coins to the goldsmith for safe keeping. Upon so doing, the goldsmith would give them a written receipt for the amount of coins being stored. Soon people realized that instead of trading coins for the things they needed, they could trade the receipts instead. Thus paper currency was born…

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