User 236735

4 Money Problems That Obama Can't Fix

The biggest problem with the American economy is the same one since the passage of the Federal Reserve Act in 1913 ... the Federal Reserve Board, a private for-profit membership entity with most foreign investors that rape the very foundation of our sound economy by pricing their "advice" at a costly 14,000+ mark-up on printing money. Kennedy had in right in 1963 when he introduced the United State Notes -- red seal and serial numbers -- in preference to our buying Federal Reserve Notes -- green seal and serial numbers. Add up the cost of our purchasing these notes in terms of mark-up and interest on the national debt, and you'd be surprised to see by how far our national debt falls, thereby increasing the strength of the dollar, inspiring international confidence, nor to much brigning back some old-fashinoned belief in ourselves. Other than for foregin rich people, why on earth should we pay someone else to print our own money? Get rid of the FRB -- and that masquerade of Congress appointing its Chairman --, and good things will follow, including housing, mate!