Den of Thieves - How the Fed Silently Steals Our Wealth

by brettbuchanan | May 14, 2009 at 07:05 pm

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As I watched this crisis unfold I kept reading about how the Federal Reserve continually robs average citizens of their wealth through the process of inflation. The concept always sounded plausible, that the Fed was secretly stealing money from the public, but the more I looked into how this process actually worked I continually came up short. I simply could not find an explanation that cut straight to the core of the issue. What I came to realize is that the process of inflation and how it benefits only the creator and first users of new money was a extremely difficult concept to wrap one’s mind around. The reason for this is not what you would think. Most people think the process of wealth transfer through inflation has to be highly technical and therefore difficult to both explain and understand. Ironically, this is not the case. In reality inflation and its ability to literally steal money from people is such an overtly obvious process that your mind actually doesn’t want to believe it once the truth becomes evident. But at that moment when you do understand just what is being done to you, you’ll be pretty pissed. I know I was.

Below is an excerpt from the 18 page report; Den of Thieves - How the Federal Reserve Steals the Wealth of American Citizens Through a Process of Inflation . I believe this is a document that should be shared with as many people as possible. So download it, send it to your friends, Twitter it, whatever, just pass it along. It is a no-nonsense look at how the Federal Reserve is in the business of outright thievery - stealing money from you every waking moment of every day.

When a central bank requires new money to pay for whatever expenditure public or private, bailout or stimulus, or to push whatever economic button it desires, the central bank simply creates it. Their new money appears out of thin air. They then have the audacity to charge the public interest for its use. These interest charges go solely toward private gain.
It can be said that the power to create money is the power to never incur any cost. Think about it. If you have the ability to create money from nothing what do you care how much you need to print to pay for what you want? For you it’s free money. But for the people who can’t print their own money they are the ones who will bear your cost. All real cost is passed on to the consumer of money through an increase in general prices. This is how new money created from thin air is used for free by its creator and then absorbed into the economy where the creators folly is paid for by the end users of money who absorb the inevitable increase in general prices.

At the core of this financial crisis is the most secretive money club on the planet, the Federal Reserve. The process by which they transfer wealth from good hard working people is so inconspicuous that the vast majority of Americans actually believe the Federal Reserve is somehow a great benevolent father-figure, watching over us, feeding us, clothing us, making sure we have full employment, and tucking us in bed every night reassuring us that everything will be okay, just let us control your money.

Den of Thieves is a must read for every American. It puts in plain English the process by which the Federal Reserve robs the wealth of average Americans and doles it out to the wealthiest banks in the world. Their scheme is nothing short of the greatest crime ever brought on humanity and the sooner we wake up to this fact the sooner we can rid ourselves of the scourge that is the Federal Reserve.

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