The Anti-Fed Fact Sheet

Well, USA as any other empire will collapse sooner or later. The question is: where will it transform after collapse. Carefully read the history and observe.

Look at Roman Empire, Byzantine Empire, Ottoman Empire, The Golden Horde, British Empire, USSR, etc. If you put all those megaempires that virtually ruled the world in a timeline, you will find that as the world progresses the half life for empires shortening exponentially.

USA will collapse as there's no enemy for it. It did what it should do. Russia and China out-played by jumping on the same boat of captialism. However, the difference is that those countries have their own boat in the dock, which is not the case for USA.

Still, I think that American capitalists will move their capitals into other parts of the world. The globalization heavily financed by the USA (read, capitalists) at the expense of American people's future (read, taxes, etc.) is just a foundation of the plot, new foundation to move their capitals across the globe.

Again, read the history of biggest empires and you will find many more similarities. I believe those powerful and rich people in America know what's in the end, and therefore plan to survive.

United States Constitution

Article I

Section 1. All legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.

Legislate: Make laws, bills, etc. or bring into effect by legislation.

Congress is the ONLY entity allowed to make laws, period. Therefore, all federal agencies which make their own laws, other than congress (both house and senate), are unconstitutional. These bills, to become law must also meet other Constitutional requirements, such as signature of the president, or if the president veto's, overriding of veto by 2/3s of both houses of congress.

Omegaman

Congress, under our Constitution does NOT have the power to delegate the power to create laws to ANY other entity. Only congress can make laws. The FCC cannot make laws. The FED cannot make laws. Only congress has that authority under the Constitution.

Therefore, the Fed is unconstitutional, and congress has violated it's powers under it. The Constitution IS the law of the land, and no one is above the law.

The_Omegaman

I really wish people would stop perpetuating this nonsensical idea that the federal reserve is unconstitutional. It's not.

While Congress wasn't explicitly given the power to delegate, it was given the power to do everything it deems "necessary and proper" to do what it has been given the authority to do. What is to be considered "necessary and proper" is up to Congress. Moreover, it's given the power to regulate interstate commerce; if Congress decides the federal reserve is necessary and proper, then it's within Congress's ability.

Anyone who knows there history and understands the origins of the centralized bank knows what is happening is completely controlled and set to happen on purpose.
The failures we are seeing now are built into the sytem, it cant be avoided when every dollar that is created is done so out of debt or interest. So if EVERY dollar that is created comes with a immediate debt or interest attached to it where does the money come from to pay off the interest? It comes from no where, the FED has to continually inflate the currency to be able to pay off the interest on the money that already exsists in circulation. Well we all know the more you inflate the currency the less our dollar means which leads to the exact problems we are facing now!! We need to realize the FED is a criminal element that has destroyed our government and country. We need to get them the hell out of our lifes rather then just audit there services. Because this system of corruption was never meant to sustain a large mass of people, only the small few at the top of this pyramid!!

The demand for neutrality in every case has more to do with philosophical dogma than it does with science. When the facts point to a real problem, it is pointless to manufacture another set of facts to "counter-balance" the reality. That isn't science; that's sophistry.

Someone correct me if I am wrong here, but is the Fed not unconstitutional because the power of coin money and fix the standard of wieghts and measures was assigned to congress. Period. Not to a private orginization authorized BY congress, but to CONGRESS. Congress was not giventhe power to delegate this authority at any point in the constitution that I am aware of.

I am, however, aware that the 10th amendment states that all powers not granted to the central government per the constitution are reserved for the states and the people. We didn't vote the fed into existance.

So, as I understand it, the constitution didn't say it can exist, and the people didn't say it can exist, then it is unconstitutional. Have I got that right?

Jenqa...you are missing a subtle point...they take out a "operating expense" before handing it over to the Federal Gov. Now who doesn't want to know what that amounts to and WHO actually holds the PRIVATE shares of stock (the Federal Gov. doesn't even know).

I'm worried about the direction of the Fed and the value of the dollar as any intelligent, aware American should be.

But I don't trust graphs that only show the bad. Where are the charts that show the real, inflation adjusted trends for decades rather than months?

A trillion dollars of intake huh? And tell me, where does that money go?

Recall who owns the member banks of the Fed. Yes, the commercial banks like BofA, Chase, et al.

We're pumping that money right back into these huge national banks. It has to stop.

While we're at it, lets revise the Telecom Act of 1996 and remove the bogus FUSF, E-911, and other money grabs by telecom companies.

We need more websites such as yours that attempt to educate the uneducated about the corruption and damage to the people by government, and in this case the FED. Although the FED may be a private institution, it is run by the government. The seven governors appointed by the president and confirmed by the senate, make them political beasts, as are Supreme courts Justices. They help to carry out the goals of those in charge, more often than not destructive of the peoples liberty, freedom, and ability to provide for themselves.

Although all the detriments to the people pointed out here are facts, and there are many more not pointed out, the most important of all, only briefly mentioned and not even discussed in the comments, is the unconstitutionality of the FED.

The total lack of any constitutional authority for the FED, and what it does, is what has allowed it to destroy the dollar and bankrupt the American people. We have come so far from the principles of our Constitution in the last 80 years, that it is questionable if we will ever be able to reverse our plight.

The Constitution is suppose to, and certainly would if vehemently enforced, protect the people from such catastrophes such as the FED. But, our Constitution today is all but entirely ignored, and seldom comes to the forefront as the most important protection against the damages forced on the people by government, the discussions on here provide an example of this.

If we the people do not come back to, and demand that we will from this day forward insist on nothing short of, a strict and never ending compliance to and respect for our Constitution, and elect only those who will enforce our Constitutional free republic, America is in grave danger of total collapse. The FED is a good place to start.

The_Omegaman

FOR ALL - -who want more info about the Fed and the highly suspect facts surrounding it's creation and power, do a search on youtube or Google for the name "Aaron Russo" he made a full length feature film (which received a standing ovation at the 2006 Cannes Film Festival), before he died in 2007, which is a MUST SEE for all Americans.

For those who've ever bothered to read the bible, you might note that the only case on record of Jesus ever getting physically violent, was regarding the Money Changers (Bankers) who were fleecing the masses.

The Fed MUST GO ! ! !

In answering the question of whether or not the Fed has done a "good job" we must ask "For whom?".

Can a organization which serves as the foundation and regulatory body that underpins a "fractional reserve" banking system EVER do a good job for "the people"?

Can a financial system that enjoys the exclusive perogative of creating "credit" and lending it to the people achieve anything other than saddling the entire populace with something other than eventual unservicable debt?

In my opinion the Fed is nothing more than a facade which serves to lend legitimacy to a fundamentally corrupt system, but it does a GREAT job for the owners of the banks.

Oops. I read a bit more and found another mistake. Thomas Jefferson never said the bit about "inflation" and "deflation." The word "deflation" did not even exist until long after Jefferson's time. The purported quote is at best a splicing together of paraphrases of things that Jefferson said.

There are plenty of other quotes you could use that are just as damning, but historical.

Bryce made the comment that the federal reserve has been audited and he is exactly right. What you fail to mention is that the fed basically dictated the terms of the audit declaring that A. B. C. D. were things that were exempt from audit. Naturally A. B. C. D. were the most important parts of the audit. So your wrong because HR 1207 is just about getting a fair audit and shining some light on the shadowy existence of the fed. Your statement is very misleading.

In direct opposition to the above comment, I think this is absolutely a bright spot in your website and its information.

Opinion and bias free ? Setting aside the point that there never is such a thing, is pointing out that someone has a bias not hypocritical since pointing out a bias reveals a bias in and of itself? Criticism of someone else's viewpoint is itself a viewpoint is it not ? Yes it is. I am always wary of anyone who claims to be un-biased, they are liars. There is always a bias, human beings are incapable of total disinterest. I prefer honesty, and this page clearly reveals some important information, and some that is not always reported on.

So keep up the good work, as long as the information is accurate I don't care if your biased or not, just be honest about where your coming from, and I am adult enough to decide for myself if I agree.

So it's a "for profit" business that gives all it's profit back to the treasury. Great way to make a profit....

Jay B, by your logic, perhaps we should post a fact sheet detailing all the GOOD things Hitler did?

You seem to completely misunderstand the word "bias." If this were biased, the information in it would be slanderous or untrue. Show me one statement or quote that is not true or accurate.

Jay B -

The Fed has devalued the dollar by over 95% since its inception in 1913. So you did some googling and feel OK with a bunch of private Bankers having the power to determine the value of the money in your pocket? You complain that the posting is bias and then go on to leave a comment bias the other way. At least the post gives good solid facts as to why it holds the position it does.

END THE FED
ARREST THE BANKSTERS
RON PAUL 2012

I found this quite informative. Not sure I agree that the fed has done a "pretty good job so far" as posted above. Maybe it has, maybe it hasn't. To me, it's quite debatable. Step one in determining whether the FED is generally beneficial or detrimental is getting the story out, getting the debate onto solid footing. (My hunch--and it IS just a hunch, keep in mind--is that the FED is generally detrimental and that decades from now Central Banking will be almost universally viewed a subtle, serpentine form of slavery.)

Thats ok Jay, there's plenty of us to help this go viral without you.

Jay B, the Fed caused the Great Depression, the dot-com bubble and bust, and the economic troubles that we are embroiled in today. Under the Fed's watch, the dollar has lost 96% of its purchasing power, and the US government has been allowed to run up a debilitating debt.

That's broke, and needs fixing.

I just glanced at the Fed Fact Sheet, and the first thing I saw was incorrect. It says the Fed is a private institution owned by the 12 FRB's. That is incorrect. The Federal Reserve system comprises three parts: the Board of Governors, the Federal Open Market Committee, and the 12 FRB's. The first two of those entities are agencies of the federal government. The 12 banks are privately funded, (but the ownership rights are severely restricted). The fact that the Board and the FOMC are federal agencies is important. That was the basis of the recent ruling in federal court that all Board and FOMC documents are subject to the Freedom of Information Act. The court ruled that the FOIA also applies to documents held at the FRB's if the documents ever passed through one of the agencies in the course of business, because the agencies become and remain custodians of such documents, regardless of where they are stored. The court ruled a couple of days ago that the Fed was to reveal all documents it has regarding who got TARP funds, and to begin searching for such documents at the NY FRB "forthwith." That was in the matter of a lawsuit brought against the Board and the FOMC by Bloomberg.

END THE FED!

'The Fed has done a pretty good job so far'
Yeah, sure, especially at preserving the value of the dollar.

Suppose you had invested in a stock in 1913 and the stock's value declined in real terms by 95%. Would you say the managers of the company's stock had done a 'pretty good job so far'?

Happily, my opinion of visualeconomics.com is dramatically increased by this posting.

Almost 300 people in Congress and (as shown in the posting), about 3/4 of Americans believe the Fed should be audited. This is exactly what I would expect for any non-governmental agency that has been granted so much power by our elected government.

Congratulations, VE - you just gained a viral-spreader (me) who will tell lots of my peeps about how interesting and useful your site is.

I feel Jay B is out of touch with the reality of how most Americans feel about the Federal Reserve, and I feel 76% is probably right on the mark. Just because he falls into the 9% group is no reason to throw this site out. Maybe he just needs to do a bit more research.

@Jay

Unfortunately, everything on this fact sheet is plainly true. Admittedly, calling it "Anti-Fed" in the title does give away the poster's intent, but I hesitate to criticise someone too harshly for stating the truth.

Oh, and "a bit of Googling" does not count as reliable research, unless by doing so you came across, say, Murray Rothbard's "What Has Government Done to Our Money?"

Jay B,
A position? I believe this is a FACT SHEET... meaning truth. Truth is not opinion. The fact that truth and reason indicate unsound monetary policy decisions at the fed makes me question your indifference concerning this issue... are you Bernanke's little cousin or something?

If its an opinion you want, ask 76% of Americans how they feel about it...

"Maybe the organization is feeling the pain from the fed?" Uh... I believe the fact that since the fed was spawned, the dollar has lost 95% of its value is enough to put a hurtin' on anyone.... unless you work for Goldman, apparently.

Congrats VE... you have just gained many "viral-spreaders" who already understand the truth behind the fed who will now link this to lots of their "peeps"...

Jay B, you didn't actually refute a single "fact" posted. All you did was claim the facts lead to one conclusion. But if they are irrefutable and accurate, then how can one dispute the conclusion?

Just claiming that the FED isn't busted or "has done a pretty good job" isn't enough. How did you determine that? They failed in the Great Depression, they admit that. Under the FED, the US dollar defaulted once when FDR confiscated gold, and a second time when Nixon closed the Bretton Woods gold window. 3 years ago, Bernanke said the mortgage industry was better regulated than ever before. In January 2008, Bernanke still wouldn't admit a financial crisis was looming.

"Why are we still listening to this guy?"
http://www.youtube.com/watch?v=HQ79Pt2GNJo

So far, they have re-capitalized all of the banks, but the banks aren't lending, because the FED is paying them interest on their reserves, to keep them from lending. That is basically one big subsidy to the banks not to loan, 100% footed by the taxpayer who is losing his job, his investments and his family.

So I'm curious as to how you conclude they are doing a good job, when they have eroded the value of the American currency, destroyed the middle class by eroding savings, created an incentive for the government to spend itself into bankruptcy and continue to pay off corporations while people lose their houses.

Two depressions in 80 years, with a few deep recessions mixed in, and a ballooning of federal debt to record proportions, isn't exactly something to be proud of.

It's poor form to claim to be neutral, and then promote a view you can't substantiate.

So I ask, what exactly has the FED done right?

"Maybe the organization is feeling some pain from the Fed, and this is why the posting????"

????, indeed.

Everyone outside of Wall Street and the Beltway is feeling pain from the Fed. Would you also leave in a huff if this site had instead taken a stand against anyone else running a massive counterfeiting operation?

The Fed is awful. There is no counter side or "Pro-Fed fact sheet" because the Fed is only beneficial to those running it. We as American citizens are paying them to print our money ( which isn't necessary and used to be in the hands of the Treasury with complete oversight), then charge us interest to borrow our money (also unnecessary) and they have no accountability to anyone. "Hyperinflation" is mentioned several times in this article and that is exactly what will happen to us eventually. The Fed has been printing money at an unbelievable rate. When it is printed it has full value and the Fed spends it even though they essentially just pulled it from thin air. By the time the money reaches the average citizen it's value has been compromised (because there is nothing backing it) and we experience inflation. Inflation is a tax, it is not levied like traditional taxes but that is precisely what it is. The worst part about all of this is that the Fed has never been audited. This country was founded on a system of checks and balances yet the Fed who handles OUR MONEY SUPPLY is completely except from this. It makes absolutely no sense and if people truly understood what was being done to the average citizen they would be irate. Which is precisely why they are working so hard to ensure that the Fed never gets audited. Speak up, call your senators and congressmen and demand that they push to audit the Fed.

Well Jay B, it seems you must learn a bit more about the Fed.. because this article isn't biased at all.

"The laws of a country ought to be the standard of equity, and calculated to impress on the minds of the people the moral as well as the legal obligations of reciprocal justice. But tender laws, of any kind, operate to destroy morality, and to dissolve, by the pretense of law, what ought to be the principle of law to support, reciprocal justice between man and man — and the punishment of a member who should move for such a law ought to be death." Thomas Paine

When you break things down, the Federal Reserve is neither Federal nor a Reserve. If you forego the Wikipedia crutch, a good week or two of solid research will bring you up to date on how Rothschild lackeys like Jacob Schiff, J.P. Morgan, and even Herbert Hoover have helped to subtly erode the American republic. And that’s just the tip of the iceberg.

Jay B, this issue deserves far more than “a bit of Googling.” Spend a few months’ worth of study time in a good library with a solid database of academic journals, and you’ll find that the Federal Reserve was indeed practically and constitutionally “busted” from the beginning, regardless of the short-term benefits that anyone received from it. It looks like the people behind VE knows exactly what they’re doing, and they’re handling in a mature way a problem amusingly posed by The Daily Show’s Rob Corddry: “How does one report the facts in an unbiased way when the facts themselves are biased?”

Therefore, I don’t think VE needs your ‘viral-spreading’ help, Jay B. One less Wikipedia-indoctrinee is probably a good thing, so you can tell your “peeps” whatever you like, dawg.

I'm sure, though, that with Helicopter Ben at the helm, all the previous problems caused by the Fed will be solved.

But seriously, even if we evaluate the Fed on its own stated mission, it has not only failed miserably but actually caused the problems it purports to combat. Since the Fed's inception, the dollar has lost 97% of its value, the country has been plagued by numerous recessions and depressions, and employment levels have wildly fluctuated.

In addition, the Fed has resulted in the deaths of millions of people because politicians have long used its power to produce fiat money to support their military adventurism. It is no coincidence that since the Fed's inception, U.S. history has consisted of a chain of brutal wars.

Of course, the mainstream media have long fooled most people who follow economics (including many economists) into thinking that we need the Fed, that without it, the country would collapse. The vast majority of Americans still don't know what the Fed does, and the government likes it that way.

Jay B

You are a tool. Get of your high horse and start reading the facts. The fed is ruining our country.

I completely agree with Jay B.

I don't really have a strong opinion about the Fed but an unsupported bullet point like "The Fed is Unconstitutional" seems clearly biased.
What makes the Fed unconstitutional?
Yes the Fed increases money supply during recessions and inflation is usually checked by a tightening.

Fantastic!! Thanks for shedding some more light on the Federal Reserve.

You rock VE!!!

Wow you're quite the sheep Jay B. Whose payroll are you on?

Political inclination of the graphic aside, at least its actually taking a side. I'm curious as to how the mere suggestion of auditing the federal reserve even remotely effects the 'credibility' of this site to you. That is the most nonsensical thing I've heard all week.

If you actually disagree with the facts it is displaying, then have the balls to say so... or at least be reasonable and acknowledge their relevance. Instead you attack the political leaning of the message... Like we haven't seen that done a million times by your fellow neo-cons.

I'm glad your "viral-spreading" is over... not sure how much good you were doing in the first place.

Jay B you're a dumb fuck! The Fed has been steering the economy into the ground since 1913. VE thanks for this fact sheet for spreading the truth about the FED, and don't listen to unpatriotic and blockheaded morons like the one above me.

Thanks, great website best wishes

This is egregiously misleading and imbalanced.

Jay B. - You are OK with the Fed being private? A private group of International bankers STEALING America's wealth is all right with you?
Please do some further research on the Federal Reserve. It is UNCONSTITUTIONAL for ANY private group, person to print money, that is the job of CONGRESS! The Fed has created every recession and depression, boom and bust cycle since their inception in 1913! HOW CAN THAT BE OK with you?
The Fed runs the biggest PONZI scheme ever in the HISTORY of the world! Bernie Madoff only stole billions from a relative handful of people; the Fed has and continues to STEAL TRILLIONS from EVERY American and REFUSES to tell even Congress as to where this money is going!

Oh, the fed's just trying to make a buck just like anybody else. Leave those poor old men alone. They've worked so hard for so long, inbreeding and starting wars and all that. Poor guys.

Wait, so just because they're clearly advocating an opinion backed up with facts, you're going to stop looking at anything they said. This isn't Fox News.

Later Jay B.

In reply to Jay B:

Your comment is deeply rooted in ignorance and apathy.

uh, if the diagram is all true, then how is it biased?

THE FED IS SCARY, BUT THERE IS NOTHING YOU CAN ABOUT.

The coup has occured, the USA is no longer a free country. Do you know who runs the world? Look up Bilderbergers.

The transfer of wealth to the middle east oil procuders, and China has ruined the USA.

I am not saying good or bad, I am saying there is no Laissez-Faire.

As long as the people in charge do what is good for all people, then OK. BUT if/WHEN they begin to abuse this power, the meak shall inheret the Earth.

SO FAR EVERY great society in history has crumbled due to the greed and absolute power placed in the hands of too few people.

keep it real, and all will be OK.

I’m ok with the Fed being private. We have many quasi-governmental private institutions in the country, and the Fed has done a pretty good job so far; don’t fix what isn’t busted -

Don't fix it? not busted? Have you heard of the Great Depression(s), Recessions etc in the last century? Well they all have been caused by the FED and the people that run it, get your facts straight. We are the only country in the world that has a private cooperation running its currency operation, that is unconsitutional and was not voted in by the american people. Until now most people thought the Federal Reserve was a Federal agency until all this publicitiy came about....really though, nothing is wrong with it, lol a company is able to give loans to ANYONE without the KNOWLEGE or APPROVAL of the government or its people, and nothing is wrong with it? Idiot.

On the other hand, you just gained a new visitor.

Word Jay B... Word.

I'm sure that they will rue the day that they crossed the great Jay B and not the Federal Reserve.

So what if he/she is biased? The notions are still fascinating even if he/she has an agenda. Why not audit anything? As the IRS says, "You've got nothing to fear if you're obeying the law."

Well you might have lost one reader but you have gained one (and im sure many more).Yes this article leans in oppisition of the fed, but the fed is so ridiculious that you are either in complete support or complete opposition towards the for-profit institution.

So in my opinion good article VE and keep it coming.

Are you insane or do you just live in a hole in the ground. Are you not aware of what is going on with our economy as well as economies abroad? People are losing their life savings and are left with nothing and you say the "Fed has done a pretty good job so far; don’t fix what isn’t busted". We are quite literally in the greatest recession in the modern era.

You need to really do your research on the Fed and what purpose it serves but the bigger question is, who it best serves.

You either must work for the Fed or are one that intentionally lobbies for the wrong side.

Go back in you hole and stay there AHOLE!

Jay, I am not affiliated with this site in any way, yet I don't think there is any other way to describe the mechanics and inner workings of the Federal Reserve. Every point made on this chart is completely factual, even if the quotes are a bit biased, I feel that this is the only position a citizen of this country can take. The central banks have been the true enemies of free democracy and a free marketplace for hundreds of years. Credit manipulation is more powerful than government, and there must be public scrutiny if we have any hope for our futures.

The Fed has done a disastrous job manipulating the money system, our current financial troubles are proof of that!

Jay B: I don't believe the people behind this website need validation in this manner. The information they provided is useful and enlightening. They may have lost your individual support, but that's the beauty of viral information... they don't NEED your individual support. Please enjoy the information as-is, since complaining about it obviously gets you nowhere.

done a pretty good job so far???????

The last point is untrue, Congress has the power to regulate the value of money. There is no provision against congress forming a private organization to do that for them.

Oversight and regulation of the fed is a good idea though(like any big corp.), but what exactly do they want to 'audit' about the fed?

To Jay. So you say you have "Googled", lol, the topic of auditing the fed, and your still ok with a PRIVATE bank having whatever control they want over the monetary system, in terms of being able to print any amount of money at any time (debasing the currency, hyperinflation), also being able to decide who gets the money (mostly businesses that are already worth 1b+), and the fact that the fed ABSOLUTELY does not allow any one to know any thing they are or have done should be a GIANT RED FLAG to any one to know we have THEIVES!!! Why can't they just be open to us? We are kept "In line" by the police, so who keeps the police and feds in line? Morals? HAHA These people are kept in line by the money they love so much, they through out the morals to get the money... ALL WE (THE PEOPLE) ASK is to know what is going on so we can fix the problem. Freedom of Information ACT 1966 specifically:

Agencies are under several mandates to comply with public solicitation of information. Along with making public and accessible all bureaucratic and technical procedures for applying for documents from that agency, agencies are also subject to penalties for hindering the process of a petition for information. If “agency personnel acted arbitrarily or capriciously with respect to the withholding, a Special Counsel shall promptly initiate a proceeding to determine whether disciplinary action is warranted against the officer or employee who was primarily responsible for the withholding.” In this way, there is recourse for one seeking information to go to a Federal court if suspicion of illegal tampering or delayed sending of records exists.

It's a PRIVATE institution?!?

I've never really looked into this, but I've always known private companies are in business to MAKE MONEY.

No wonder things are how they are.

This explains A LOT.

Why the hell is a PRIVATE company in charge of our money!?!?

This needs to stop!

Thank you for this!!!

Wow, Jay, you clearly have no idea what you're talking about. "Don't fix what isn't busted"? If you think the Fed isn't busted then you clearly neither read the fact sheet in question, or have any clue how the economy works today.

The fact that the Federal Reserve even exists should be a blatant sign of how utterly ridiculously and backwards our world has become. The fact that so many people want the Fed audited, and the Fed has basic immunity from the law should send people into a frenzy, but wait...isn't American Idol on at 8? I think that's much more important.

Deeper into the Abyss we go, enjoy the ride because there's nothing anyone can do to change it short of extinction.

the revolution wont even happen

So by "done a pretty good job so far" you mean completely destroyed our economy, right?

Ditto

Even neutral publications take sides in cases of blunt misconduct.

How can anyone be neutral by stating a device of government to be clearly unconstitutional? It is not biased, it is a FACT. Between the Fed and the selling of bonds to foreign countries, and lowering taxes, I cannot understand why the entire country is not outraged at what our legislators have done, which is to completely sell out our future generations. There literally is no way we can survive as a nation this way, and only a handful of legislators seem to want to do anything about it. And when one comes along that's finally loud enough for everyone to hear, the media and the masses laugh at him! What's wrong with you people? Don't you realize that the taxes on our next generations are going to be so high that they cannot possibly compete for world trade? We won't even be able to make enough money to pay anyone back, yet alone make enough money to survive. I feel as though I live among a privileged class of citizens, who believe they deserve their children's tax dollars to spend now, as they see fit, to reduce any discomforts, including entire massive recessions.

Very accurate and disturbing graphic of what is really happening with fiat money. Kudos for having the courage to post this.
Step to restoring the American Dream
1: Eliminate the Fed
2: Repeal 16th amendment, eliminate the IRS
3. Restore Gold and Silver standard
4. Repeal 17th amendment\
5. Pass Balanced Budget amendment
6. Pass amendment to keep Federal gov from interfering in the economy.

Short answer to Jay. No. As long as the material presented is factual, it shouldn't matter where it comes from. How can you present facts that clearly show evidence and/or proof of something without it being "biased"? This evidence presented is factual and can be supported by 1000's of different sources. Just because the writer only used 3 main ones doesn't make his point any less valid. Also, if you don't have an opinion either way then why are you commenting? "I don't have an opinion, but I don't like the way you present your opinion, therefore you are wrong" doesn't really fly.

saying you don't have an opinion on the issue either way and then negating yourself by posting your opinion about the Feds immediately in the next sentence is the surest way to stuff your feet up your mouth

Jay B- Just because you haven't seen the inflationary and other effects yet certainly doesn't mean "it ain't broken."

If you lived below a dam, and the dam broke, you'd be dry until you were washed away. But the dam may have broken some time before you you became wet.

Sorry J B, but I think you're dead wrong here. The points of criticism are almost not even criticism... they are true.

What is there that's pro about an unregulated government body? How do you write a pro-Fed fact sheet?

I completely agree with Jay B. The information presented above is greatly slanted and borderline dangerous.

How about throwing up some additional money supply charts (M2), as well as the velocity charts - since that is really what the fed is trying to base their decisions on, not M1.

Finally, you are completely wrong about the Fed not being audited. They are (http://www.federalreserve.gov/generalinfo/faq/f...) and what is really being debated right now is should congress be able to interject their political views into Fed Policy.

Anyone that thinks putting politics in the middle of monetary policy is a great idea I would love to talk with.

Sadly, my opinion of visualeconomics.com is dramatically reduced by this posting.

In general, I have been (lulled into?) believing that VE's graphics are fairly opinion- and bias-free, mostly presenting fact and not advocating a position.

This posting clearly takes a position, and is not anti-bias at all. It pretty thoroughly undermines any attempt by VE to claim that that its graphics try to present things as they are.

I actually don't have an opinion either way on the Fed. In fact, I'm not saying all this because I disagree (or agree) with this page about the Fed. I'm saying that the fact that it's clearly advocating an anti-fed position (look at the title & URL for heaven's sake - "The Anti-Fed...") removes neutrality - unless they simultaneously post a "The Pro-Fed fact sheet" to counterbalance it. (In fact, as I write this, having done a bit of Googling, I'm ok with the Fed being private. We have many quasi-governmental private institutions in the country, and the Fed has done a pretty good job so far; don't fix what isn't busted.)

Interestingly, for the first time, I've clicked the link to see who runs this site (creditloan.com). Maybe the organization is feeling some pain from the Fed, and this is why the posting????

Sorry, VE - you just lost a viral-spreader (me) who has been telling lots of my peeps about how interesting and useful your site is.