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The Federal Reserve Act became law on December 23, 1913 by President Woodrow Wilson after the law was voted in by Congress. There were 12 central banks set up by the Federal Reserve situated across America. These banks formed a nationwide system used to enable assistance in the event crises were to develop in the future, within the American financial system.

During the Great Depression the single largest mistake made in recovery efforts was calling in substantial amounts of the currency by the Federal Reserve. The backlash from lack of available funds caused massive business shutdowns which resulted in massive unemployment across America.

In times before the Great Depression the central banking system in America had never gone through a major economic collapse. For 2-3 years there were periods of economic chaos which became known as Panics. In the book “Wealth of Nations” by Adam Smith a concept of supply and demand was depicted. It was this concept that became the accepted weapon to use amid periods of economic discord. For over a century the supply and demand concept would continue to be used with enormous success.

America back in the 1880’s had the Progressive Socialists, they believed in the concept of a one size fits all national policy. Politicians of the time were under huge demands to take control of the American economy. The first main legislative measure for regulating the economy was using the one size fits all concept by introducing the Federal Reserve System.

A New World Order between nations had been declared by Adolf Hitler. This again a one size fits all approach that actually caused the collapse of the Soviet Union almost 80 years later.  The one size fits all approach just recently almost caused the collapse of the EU. And in fact is still close to collapse due to in uncertainty with Greece and its possible default on its national debt. The US. also came in helping the EU with money when it really could not afford to loan any more out due to problems within the US. economy. Many economists believe the EU would have collapsed within 90 days if the United States did not come through with financial help for them when they did.

The Federal Reserve System seems to always be there to help out big business and labor however when it comes to the small businesses you will never hear of the FED extending any help at all. It is poor practice that the Fed does not help out small businesses because in all actuality they are the engines that really drive the US. economy that creates jobs required for wealth and prosperity to flourish. For the past 50 years this centralized banking system has been responsible for one crisis after another.

The answer to big success for the United States and the world is not in the big government, big business or big labor concept. The answer lies in the supply and demand concept which has employed the free and open trade system. Time and time again history repeats itself and shows us people will take action by taking the necessary steps only when their given a chance to do so and only when it is in their best interest. Sadly, the little guy, the people never get the ears of BIG Government. It is only those entities with money and power such as Big Corporations with lots of political dollars to contribute that Big Government takes an interest in and listens too.

Now it is time Big Government to move out of the way once and for all thus allowing our nation to come around again by getting back with the supply and demand concept of economic policies just as it has been illustrated in the book The Wealth of Nations by Adam Smith.   Fed–Up with the Fed or Not? You Decide!

Tom Genot –

About The Author:

For informational, news, articles and videos for investing in gold and silver and where the best places are to buy it. You will also find information for preparing and protecting you, your family and your assets from the pending economic crises and destruction of the US dollar. Author Tom Genot, provides information and resources helpful to everyone. Insure you’re prepared beforehand. Check us out at www.coinbullion.net