This is an important resource I've put together to help educate people about the evils of central banking and inflationary monetary policy. Please share this around as much as you can! Here are the first ten reasons to End the Fed:

1. The Federal Reserve System constantly inflates the value of our dollar by printing money out of thin air.

2. Graph: The value of a $1 Federal Reserve Note in 1913 dollars (the year the Fed was created).

3. The Fed even recognizes its inflationary activity. The Federal Reserve Bank of Boston says: “When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.”

4. American economist Irving Fisher said: “Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.”

5. If you or I did what the Fed does when it prints money, we would be found guilty of counterfeiting and locked up for a very long time!

6. The reason you or I would be arrested for counterfeiting is it’s theft! Every bill you create in bad faith, which doesn’t actually represent the creation of real goods and services, real value that has improved life by directing resources to their most productive uses, is a lie and an appropriation of value from the rest of the world, which gives the counterfeiter goods and services in exchange for nothing, because he or she did not actually create anything of value in return.

7. This is true of what the Federal Reserve does: “Neither paper currency nor deposits have value as commodities, intrinsically, a ‘dollar’ bill is just a piece of paper. Deposits are merely book entries.” – Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975

8. “The Fed creates absolutely nothing. It does not produce a single grain of wheat to feed people, a single drop of oil to power the engines of an industrial economy, nor a single ingot of metal from the ground to build the products and buildings that improve our lives.” -Wesley Messamore

9. This situation, in which you or I would be arrested for doing something the Federal Reserve does every day, is the hallmark of institutionalized theft and a legal system turned on its head. As French economist Frederic Bastiat said in the 19th century: “But how is this legal plunder to be identified? Quite simply… See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.”

10. The inflation that results from the Federal Reserve’s massive counterfeiting operation steals from hardworking Americans by diminishing the value of the money they earn.

Read the rest here.

In an anti-Fed rant this week, I criticized Ben Bernanke for saying that any criticism of the Federal Reserve is based on misconceptions. What are these misconceptions? Give me an argument; don’t just say I’m wrong and then rest on the laurels of your credentials and prestige. I wrote:

I would like to hear Bernanke elaborate on his claim. I would like to understand just what it is that I don’t understand when I criticize the Federal Reserve Bank. How are my conceptions actually misconceptions?

What do you know– the very next day, The Federal Reserve Bank of Boston posted the text of a speech that Boston Fed President Eric Rosengren gave today, entitled Four Common Misconceptions About the Federal Reserve. Now I’m not seriously suggesting that The Boston Fed was responding to us, but it’s a pretty cool coincidence, especially since we know they’re reading blogs that talk about them and we’ve actually seen the traces of the Boston Federal Reserve IT department in our analytic logs. Cool, huh? Intentionally or not (again, probably not), The Boston Fed president answered my exact question and I’ve got to give him credit for doing that much. Of course I also have to rebut his answers, because they’re pretty weak.

Read my four rebuttals to the Fed president's four "misconceptions" here.

At the time of the American War for Independence, Thomas Jefferson wrote a list of grievances against the King of England and the actions of the soldiers he quartered among the colonists. The Oath Keepers’ list anticipates such abuses in advance and its members swear not to perpetrate them against the people they are sworn to protect in violation of the Constitution they are sworn to uphold.

There are many things that I fear may radically alter our way of life in the few, short years to come. A monetary collapse is chief among them. But knowing that Oath Keepers is out there with a rapidly growing membership assures me that whatever happens, there will be a strong and faithful contingent of uniformed men and women in our Armed Forces who will not under any circumstance be part of any program to overtly oppress the American people.

Here is their list of “Orders We Will Not Obey”

1. We will NOT obey orders to disarm the American people.

2. We will NOT obey orders to conduct warrantless searches of the American people

At a time when Americans seem more divided than at any point since the Civil War, two grassroots protest movements, the Tea Parties and Occupy Wall Street protests, signal the possibility of a major realignment in American politics along the lines of massive shared opposition to the domineering financial sector and its corrupt counterparts in government.

Washington Bails Out Wall Street

Since the very beginning in February 2009, I have defended the Tea Party movement against its detractors in the media and government. Just weeks before they spread like wildfire across the nation, while working through my senior year of college, I sat in front of the television in the Fall of 2008, watching with bewilderment as Congress passed a “$700 billion” bill (which has turned out to be more like $3 trillion in addition to another $10 trillion+ privately loaned out by the Federal Reserve) to bail out Wall Street banks.

As a teenage conservative raised on right-wing talk radio, I had always opposed government welfare programs for the poor. Private charity to help those in need was, in my opinion, not only a good thing, but according to the religious values I professed an absolute moral imperative. But I didn’t believe charity should be legislated any more than any other private moral belief, just like many Democrats would oppose legislating private moral views about drug use, or Pat Robertson’s sexual mores.