Under the law, we have the right to defend ourselves against harm and violence: "The use of reasonable force to protect oneself or members of the family from bodily harm from the attack of an aggressor, if the defender has reason to believe he/she/they is/are in danger. Self-defense is a common defense by a person accused of assault, battery or homicide." The bigger question, Do we need to use self defense against the Fed?
For over 100 years, the Fed has been devaluing our currency to help the government and the rich. With each and every economic problem here comes the Fed with their own special printing press and monetary policy helping the government create money out of thin air to bail them out of yet another ridiculous program. We pay for it in the form of taxes, not only has the Fed reduced the value of your dollar, but the government taxes you more to finance their bad decision making.
Unfortunately since 2008, the situation has worsened and is escalating at an unsustainable pace. Pictures of Ben Bernanke sweating with the bankers in 2008 seems more like a staged Broadway production versus a real problem -- after all, the Fed had the ability to create more money to bail out the banks all along, almost like Dorothy in the "Wizard of Oz" always had the power to go home.
Almost ten years into this fiasco we have seen the destruction of the middle class and the bolstering of the upper 1%. Savers, first-time home buyers and fixed income retirees are feeling the brunt of the disaster while the government continues to create new entitlement programs and bankers continue to count their money. The middle classes benefit is higher taxes, lousy jobs, no growth and the elimination of small entrepreneurs due to the lack of bank liquidity. In other words they can't borrow money.
It's time for the middle class to stop getting screwed by the Fed and take a stand against them. The Fed seems to only benefit the rich while stomping on the middle class. Self defense against the improprieties that the Fed stands for -- self defense against the unfair practices of a Federal Reserve that bails out with our money the very groups that caused the problems. Enough is enough and the first measure of self defense should be to audit the Fed.
By auditing the Fed we could finally get full disclosure and determine if all of the actions taken by the Fed over the last 100 years, but especially in the last 10 has been done correctly with the best interest of the very people and markets it is supposed to protect. Without accusing anyone or making allegations I would like to see behind the curtain because from the pure standpoint of logic the actions taken have been illogical.
Keep those stops tight!
The views, opinions and positions expressed by the author are theirs alone and do not necessarily reflect the views, opinions or positions of Pro Farmer.