Fed is robbing us

The biggest robbery in our nation’s history was brazenly announced ahead of time when the Federal Reserve said it has decided to inflate the currency by $1.2 trillion and pump it into the economy (“Fed adds $1.2 trillion to rescue,” March 19). The only reason Ben Bernanke and his gang of banksters aren’t going to jail along with Bernie Madoff is that people believe the lie that inflation is caused by rising prices.

The truth is inflation is an increase in the currency supply caused by the Federal Reserve banks, resulting in a loss of value of the currency and an increase in prices of goods and services. Through inflation the Fed has stolen 95 percent of the purchasing power of our dollars since it began mismanaging our money supply. This $1.2 trillion inflation will steal tens of billions more from our hard earned savings.

Unbelievably, the article said the Fed is more worried about deflation, prices going down. We can stop this economic insanity and protect our financial future by convincing Congress to pass HR 833, which will return our nation to an honest and stable monetary system by abolishing the Federal Reserve System.

Steve Dunham

Spokane