Recap: Nationwide Protests Against the Federal ReserveNovember 26th, 2012
On November 24th, protesters assembled nationwide for the second time this year to denounce the Federal Reserve’s fiat banking system. Since 1913, this dastardly banking cartel has been systematically devaluing the US Dollar at the expense of underprivileged families and senior citizens on fixed incomes. With consumer prices rising rapidly, more and more Americans are waking up to the devastation caused by the price-fixing of interest rates being carried out by “helicopter” Ben Bernanke and his crew of cronies.
Some of the largest of Saturday’s protests took place in Boston (pictured above) and Little Rock, Arkansas(depicted in the below video). However, individuals gathered in cities all across the US to express their support of sound money and their opposition to fiat currency and inflation. Let’s examine the recent growth of the End the Fed movement.
The Banksters Are Coming!
In a recent interview with The Daily Bell, Steve Forbes, representing a mainstream viewpoint on business and finance, admitted that Ron Paul’s efforts to raise awareness to the dangers of Federal Reserve policy have been successful. Said Forbes, “I think circumstances are going to make the monetary issue come to the forefront as the Federal Reserve continues its insane policies of trashing the dollar. So we will see what happens to Rand Paul but I think Ron Paul will be seen as a man doing the Paul Revere on monetary policy. Unfortunately, it’s going to take years and not just one night to get the message out.”
Just a few short years ago, most End the Fed protesters would never have expected such a mainstream figure to support the goals of the movement. However, the annual protests have been working, and, this year, organizers successfully launched more than one protest date in order to intensify the pressure as inflation began to take hold.
As Consumer Prices Rise, More Join the Movement
Every time a consumer realizes his or her buying power has been reduced, the End the Fed movement gains a new ally. The US Dollar has lost most of its value since 1913. Senior citizens on fixed incomes are caught in an accelerating inflationary treadmill. Low-income families work for dollars just to find the currency has been devalued by the time they receive their checks.
When the Federal Reserve creates new money, those who receive it first gain prosperity at the expense of those who save their money or have limited dollars to spend on food, fuel, and housing. Recipients of these bailout funds are almost always bankers connected personally to Fed officials, representing cronyism at its worst. Meanwhile, those hurt are the most vulnerable: families struggling to keep up with bills and senior citizens who are living off of their retirement packages.
As the debt-and-fake-paper scheme that is Keynesian economics begins to unravel and take with it the world economy, more Americans are joining the movement to end the Federal Reserve system in favor of competition in currency. Last weekend’s End the Fed protest was the second of its kind this year, demonstrating a growing interest in the movement on a national level. When so many citizens are willing to give up a Saturday on Thanksgiving weekend to let their elected officials know that monetary policy has to change, it’s clear that new ideas have taken hold in the heart of the people themselves. For the sake of the world economy, let’s hope politicians and the mainstream media get the message before it’s too late.
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