When the movie Titanic came out, I saw it in the theaters with Kim. One of the more poignant scenes in that film is when the orchestra decides to play a beautiful rendition of "Near My God to Thee" as the boat goes down. It's a moment of recognition and defiance to the horrific event that's happening, the sinking of the unsinkable ship.
Last week, members of the Federal Reserve did a similar thing as they gathered on Jekyll Island to celebrate the 100-year anniversary of the meeting that paved the way for the Fed. The event was called, "A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve." But instead of playing a somber and beautiful piece of music to commemorate the lives that have been destroyed by the sinking ship of our economy, they instead blasted "Good Times Roll."
As a refresher, the foundations for the Fed were laid in November of 1910 at an ultra-secret meeting that included Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Anders, and all the major heads of the US banks at the time. It was nothing short of a hijacking of the US monetary system. For a comprehensive and shocking account of what happened on Jekyll Island, please read The Creature from Jekyll Island by G. Edward Griffin.
To me, this is nothing short of partying while the ship goes down. As Michael Snyder writes on Business Insider in a post called "The Federal Reserve Is Holding A Conference On Jekyll Island to Celebrate 100 Years of Dominating America," the economy is in shambles: "Today, 63 percent of Americans do not think that they will be able to maintain their current standard of living. 1.47 million Americans have been unemployed for more than 99 weeks. We are facing a complete and total economic disaster."
So, what does the Fed, the very organization charged with keeping the economy healthy, do to acknowledge our economic reality? They throw a party to celebrate themselves.
Maybe these have been good times for the ultra-rich, the same ultra-rich who control the Fed and benefit from its policies. But I can assure you it hasn't been a good time for honest, hard-working Americans who have watched their lives destroyed by the Fed's incompetency. As Snyder writes, "Since 1913 [the year the Fed was founded] inflation has been on a relentless march upwards, U.S. government debt has increased exponentially and the U.S. dollar has lost over 96 percent of its value. That is not a record to be celebrating."
We shouldn't be surprised by these facts. As I've written about many times, the Fed was never created to help out ordinary Americans. It was created to help out the ultra-rich. As such, they've been changing the rules of money since the beginning, always tilting the table in their favor.
So what? Where do we go from here? Many Americans are angry. Their answer is new politicians. But as I wrote about in my blog, "What Will Change Today?", the government is not the problem, nor do they hold the power. The problem is the Fed and they hold all the power. And as I also wrote, not much will change from the recent election. My message is the same as always, you must save yourself through comprehensive education. You can't simply be angry that the table is tilted. You must learn to play by the new rules. Only then will you thrive while others struggle to survive.
The Fed isn't going away. And the economy isn't going to get any better—at least not for quite some time. But you don't have to go down with the ship. Learn the new rules of money, and you'll be part of the few who find a lifeboat while the titanic goes down.