Why the Federal Reserve Bank is a Big Fat Blood Sucking Tick

This year the Federal Reserve Bank is celebrating their 100th birthday! Happy Birthday to the Fed!

Oh, you haven’t heard about it? Well, they do like to keep a low profile. Oopsies!

And guess what else they’re celebrating… 100 years without an audit! Not a single report card ever. Yeah! What a deal! No pesky performance reviews or job evaluations to worry about. That just means more time to do their job looking out for you and me. I feel better already.

Perhaps they should have an audit and a report card at least once every 100 years whether they like or not. I know, that is so harsh and demanding, but since they are spending $1.8 trillion this year alone to purchase the debt of our federal government, and since they earn a nice return on that paid for by American taxpayers, it just seems like there should be some sort of accountability. Am I being too mean?

Our founding fathers warned us against having a central bank. Here is what one of them had to say about it:  [Read more]