Our Money: Where has the value gone?

Imagine a world with nickle stores instead of dollar stores. Imagine a world where bankers do not sit around in complete secrecy, bailing each other out with tax-payer money. Imagine a world in which when deciding on a bank to use, you look at what they do with your money, whether or not you want to get a potential interest gain on that money.. imagine it.

This is a world that is not run by a cartel of bankers, one that does not keep secrecy as the most important part of monetary policy. People claim that oversight or abolishing the Federal Reserve would bring politics into monetary policy and that just CANNOT happen. Why?

Why do people believe this.. why oh why? Politicization of monetary policy would be way better than we have now. Right now, I can't really tell you a whole lot but provide some statistics for you:

Interest rates are 1% or lower all around the world, and here in America the Fed has reduced them to .25%, which is frighteningly low, and they have trillions of dollars sitting in the Federal Reserve waiting to be pushed onto banks to encourage lending once again.

Gold was once around twenty dollars an ounce.. that was before the existence of the Federal Reserve system. In 1914, when the Federal Reserve opened it's doors to the banking world and became the third central bank of the United States of America, it brought along with it was fractional reserve.

Not to get too far into what factional reserve is and what it entails, let me just say the dollar fluctuated around $20 to a gold ounce for a VERY long time, and it even deflated slightly through the 19th century. However, by the time the Bretton Woods agreement was made after World War II, gold at that time was already $35 to one ounce of gold.

What is it at today? Hovering around $1,000 and it is only going to go higher. The true problem with the policies that the Federal Reserve pursue do not help our economy but are on the verge of making the Wiemar Republic a reality here in America. Hyperinflation can happy here, we are not invulnerable and unless the reality of the Fed is realized in time, we will all pay for the benefit of a very few elite members of the political society.

I strongly urge the support of H.R. 1207, S. 604 and H.R. 2424.