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Banking Sector: 'Buy When There's Blood in the Streets'?

Correction: It is to our peril NOT to see the man behind the curtain. Also, the article "The Nixon Recovery" in the NY Times also admits that the fed is independent of our gov't.

Banking Sector: 'Buy When There's Blood in the Streets'?

Understanding macro-economics is vital to investing wisely. Most Americans think inflation is a complex array of economic forces that are in constant flux, with the Federal Reserve officials fighting gallantly to grasp and defend against them. In fact, this is a distraction to avert our attention from the simple reality that a group of private bankers, the Federal Reserve (they are not "federal" and there are no "reserves") is working in collusion with Congress to print money from nothing at essentially no cost and loan it to our government, charging us about 8% of our national budget in perpetual interest (we never repay the principle) for the privilege. It is to our financial ruin to ignore the man behind the curtain and see the great and mighty wizard in honest light. The ideas are simple enough for my high school economics class to grasp. Printing money inflates the supply and causes the value of the dollar to drop, just as adding more water to a pot of soup dilutes the (nutritional) value of each cup. This can all be verified on the Federal Reserve website in various speeches and in the NY Times. Ron Paul is virtually the only statesman in DC who understands this and is fighting against it.

Sources

Bernanke admits creating money from nothing in a speech on 11/21/02 on the Fed’s website: www.federalreserve.gov.../

The NY Times article “The Nixon Recovery” of 2/4/04 admits the fed prints or doesn't print money to sway elections: (query.nytimes.com/gst/...

The NY Time, article, "The Education of Ben Bernanke" admits the Fed created the housing bubble by pumping easy money in an effort to stem the damage of the dot.com bubble (that they fueled with easy money in the 90’s): www.nytimes.com/2008/0...
The article notes the Fed has “…control over the supply of money” and that this “…power to expand the money supply is unique... only the…Fed can create new money.”
The same article notes the Fed flooded the economy with easy money specifically to manipulate the 72 election for Nixon, creating the “brutal recession” and massive double digit inflation that marked the economic havoc of that decade. We learn that idle builders (my father was a carpenter) “were so enraged that some sent him two-by-fours in the mail.”

Bernanke admits Fed caused depression in the conclusion of this 2002 Speech here on Fed Website: www.federalreserve.gov...