@minigunman123 said:
What's so bad about the Federal Reserve, that it needs closing? I don't know much about it.
In a few more months, it's going to be the Federal Reserve's 100th b-day. 1913-2013 (Jan)
The Federal (Private Central Bank) Reserve, are the cause of the Inflation and interest rates of pretty much everything you buy.
- In 1969, World Trade Center 1 and 2 cost $400 million to build; It only took them 2 years.
- In 2006, the One World Trade Center (Freedom Tower) cost $3.8 billion using the same grade steel and less of it since the exterior is mostly comprised with glass as opposed to steel. 6 years and it's not even finished yet.
- Reason is because while the owner had insurance for the World Trade Center, the insurance is not leveled as the same of the inflated interest rates and prices for the construction agencies. Even tax payers money can not even cover it because of the high inflation.
- Federal Reserve's purpose is to print money and distribute it across the economy, but the more money printed, the higher prices get, and lower the value becomes of the U.S dollar.
The popular BigMac Index is used to see how much inflation has increased and the dollar value has decreased.
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