Gold, Freedom, and the Fed
December 01, 2009
by Jacob G. Hornberger
Recently by Jacob G. Hornberger: Did Hitler Inspire the U.S. Post-9/11 Tribunal System?
The following is a non-verbatim transcript of a speech I delivered on November 23, 2009, at the End the Fed rally in Philadelphia.
With the possible exception of the Internal Revenue Service, the federal agency that is the greatest threat to the financial well-being and freedom of the American people is the Federal Reserve. This is the agency that has the power to wipe you out. It can destroy all your savings and the value of your income. Worst of all, it can do all this secretly and surreptitiously.
I would assume that most of you are not independently wealthy. You work for a living. You bring home a paycheck. You try to make ends meet. You try to save a portion of your income, perhaps to help pay for your children’s education, to provide for a rainy day, or for your later years in life.
But if you’re like most Americans today, you’re having a difficult time making ends meet. Moreover, not only are you not saving a large portion of your income, you’re likely not saving anything at all. You’re just getting by.
The reason for this is the Federal Reserve, in conjunction with the Internal Revenue Service.
Here’s how the process works.