The Federal Reserve is a private organization of bankers who wield ultimate power over the US dollar. Their mission is to prevent the dollar from losing value. Since President Wilson oversaw its creation in 1913, the value of the dollar has dropped 95 percent. Current Fed Chairman Ben Bernanke stated that the Federal Reserve itself was responsible for the Great Depression, the worst global economic catastrophe since the Black Plague and the spark that fired Adolf Hitler’s rise to power. He glibly stated, “Sorry, it won’t happen again.” Jeff Takada is not so sure. Evidence is pointing blame in the direction of Fed for this current disaster as well and when the American people demanded answers, Bernanke closed his books and said it was none of our business. Jeff Takada will cosponsor, or reintroduce, if necessary, legislation to audit the Federal Reserve and get to the bottom of the century long erosion of our nation’s purchasing power, the Fed’s role in our current economic turmoil, and the effect of the current and ongoing printing of billions of dollars to our economy.
