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8 Important Facts About the Federal Reserve

The debt-based economic model that we use today was evolved in the 1800s. The long-term effects of bringing money into existence as debt without creating the money to pay interest have taken many years to fully understand. There is nothing sacred about our system; it is just what we are used to.

Mathematically, our financial system will implode eventually. This will provide the opportunity to re-learn that these systems can be built however we choose.

The first crucial step is that enough people need to actually take an effort to understand what money is and how our financial systems actually work. The current downturn is certainly encouraging people to begin that education.

This article is in a great example of that process in action.

Save the Bailout Drama

'While the Fed is using the official excuse as "trade secrets" for non-disclosure, when it is OUR money and OUR debt, every single American deserves to know.'

Well... As the Federal Reserve is not a part of the Federal Government, and it is Federal Reserve stamped on the money, I don't see what makes you think it's "our" money at all.

We gave them the honor of taking care of the money years ago. After all, the government cannot be trusted to handle something that important. So goes the argument anyway.

Of course it could be argued that if the Fed was loaned money by the government instead of the other way around, then the Fed would have the right to use it as they see fit.

But I guess it's just better to let them have the cake and hide it too.