The Daily Switch

Fighter of Inflation

Posted by Ender on March 31, 2009

Proponents of the Federal Reserve say that you need the Fed to control monetary supply and inflation. In our series on the Federal Reserve we argued that the Fed itself creates inflation. So, in light of recent events it appears that the Fed is doing its best to “control” inflation. Here is how they are doing it; by spending or lending $12.8 trillion of cash/credit. Yes, that is a TRILLION. Let’s put that into perspective:

1. That is about forty two thousand dollars per individual living in the US. That’s a good thing right?

2. It equals about 90% of the US’s GDP (2008). (GDP is the total amount in dollars of everything produced in the entire country.) That’s a good thing right?

Inflation?  Not on his watch

Inflation? Not on his watch

So, how does this fight inflation? Don’t look at me for an answer because I don’t have one. My question is, are they done destroying our currency and economy? “FDIC Chairman Sheila Bair warned that the insurance fund to protect customer deposits at U.S. banks could dry up because of bank failures.” Oh…well I guess we can all take respite that the Fed is there to control this kind of stuff.

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2 Responses to “Fighter of Inflation”

  1. LoLo said

    If they destroy our currency, then they have an excuse to join with Russia and China in calling for a one-world currency to go along with the one-world government which is all tied in with the hoax called global warming. It all ties together with a ribbon (made with shredded US dollars.)

  2. Kellene said

    Agreed, it appears as though the Federal Reserve has been prompting inflation. Why won’t they allow themselves to be audited? While the Federal Reserve behaves as a 4th branch of our government, there is no governing authority over them. http://tinyurl.com/djolkw

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