Fannie Mae-No Politics (FNMA)

[Sogo]

Inflation of our currency has been happening steadily since 1913, and over the course of those 100 yrs, our dollar has lost about 96% of its purchasing power. Look into what happened in 1913, and you'll see what entity is behind that, and you'll start to understand that central banks exist to gradually suck money out of regular people via the currency racket they run. What do we ALL have in common, rich or poor? The use of dollars. When a central bank controls our currency and money supply, it can inflate and deflate the currency we are forced (by fiat) to use. It's one huge, ongoing pump and dump, in a way. And think how ridiculous it is that we basically have to pay interest on the currency we use. That's a profound wrong. Inflation sucks the value of our currency out of its holders' net worth (regular people) and places it in the central bank's coffers.
Also, does a source of endless credit and endless printing of money encourage or discourage government spending? And when the gvt spends money it doesn't have by selling debt to a private bank that then prints dollars on that, it increases the debt the gvt owes that bank. Every dollar the central bank prints is another debt we the taxpayers owe to the bank. The central bank makes sure that most political candidates will continue to spend (often by engaging in the most expensive of things; military conflict) and to increase the debt this country owes. And that spending supposedly placates the citizens, who are addicted to it now. The cycle continues, and the debt to the central bank grows. The founders had been through this with the Bank of England (the king's central bank) and its similarly devastating effect on England. That's why they made sure that the constitution placed control of our currency exclusively in congress's hands (and intentionally OUT of the hands of a central bank), so that the people would at least have a bit of a say (via their voting power) in how our monetary supply was managed. But congress sub-contracted that exclusive power to an unelected central bank in 1913. I could go on. Sorry for the rambling!