Abolish The Federal Reserve (The FED)

(Before It's News)

The FED is one on the list of the many worst curses on the United States today.  The FED is run by a bunch of criminals, crooks, corrupt management, and thieves.  The FED is doing many shady things that are bringing our country to the financial brink.  For example,

• The FED is printing fiat currency (not backed by gold) 24 hours a day and 7 days a week, and they still cannot keep up with the demand for this counterfeit money.  What The FED is doing is promulgating the conditions for hyperinflation.  Inflation is already on the rise, but it will accelerate in the coming months.  Have you noticed your gasoline, groceries, and other products rising in price?  That's inflation.
• We are currently experiencing deflation in the housing, credit, and job markets.  However, eventually, conditions will change to a highly inflationary environment within the next 6-36 months.
• Our national Gross Domestic Product (GDP) is now around $15 trillion per year.  Our  national debt level just surpassed $15 trillion today.  Hence, our debt level is equal to our annual GDP!  Taken as a business entity, the United States debt-to-revenue ratio is 1.0, which is not good.  Below 1.0 is good; above 1.0 is bad.  It will only get worse as the national debt continues to grow to $20 trillion in the next few years.    As the debt increases, the revenue will certainly decrease as the recession prolongs.  That's why the Progressives want to increase taxes.  Stupid folks.  Consequently, the debt-to-revenue ratio will increase drastically above 1.0.
• That condition will cause the national credit rating to be downgraded again, but this time the three major rating agencies (S&P, Moody's, and Fitch) will reduce our credit rating.  That action will have drastic consequences on our economy.
• The FED is conducting another major Ponzi Scheme, just as the Congress is doing with the Social Security Program and Bernie Madoff did to land himself in prison.  The top management and leadership at The FED should all be in prison for what they are doing.  They are printing currency at an accelerated pace to keep up the payments to hold up the economy.  Remember the housing bubble?  Well, The FED is inflating another bubble to keep the dollar from becoming worthless, and that bubble is about to burst.  However, the value of the dollar is dropping drastically anyway.
• The FED will not allow itself to be audited by Congress.  Consequently, nobody but those criminals running the great Ponzi Scheme know how bad things are at The FED.  Therefore, Congress should abolish The FED before it is too late. 

Congress: Get of your lazy duffs and abolish The FED before it is too late.  Do something meaningful for once.  President Obama, fire both Ben Bernanke and Tim Geithner.  Put some honest people in The FED and in the Department of Treasury.  Do something meaningful for once instead of just jawboning and vacationing all the time.  DO IT NOW!

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