Federal Reserve

At 24 years of age and with a Bachelors of Science from one of the nation's premier academic institutions, I just now understood the Federal Reserve.  And I hate it.  It is a complicated system of banks buying stock in a central bank and getting a constant 6% dividend, no matter the state of the economy or the market.  This central bank also loans money and sets interest rates corresponding to a goal inflation rate of 2% annually.  I'm sorry, did somebody say that there is always going to be inflation?  Yes, it is built into our system.  We are doomed to fail if we plan to fail.  2% inflation means your 3% growth on investments is really only worth 1% investment.  And that's putting it in really simple terms.  You actually get even less than 1%.  But that's not the least of our problems.  The Fed has been directly tied to the problems leading to the Great Depression, the second great depression of 2007 and the bank bailout which put our government $1.5 Trillion in the hole, with no return.  We didn't even loan money to them.  We just handed it over.  And we did it in such a way that they are accountable to nobody for the money.  We can't tell them how to spend it.  They don't even have to tell us where it went.  I suggest Moore documentary: Capitalism, A Love Story
You don't have to agree with him.  Just watch the movie and get fired up about something.

Actually, that leads me to something else I hate: next blog will be on cars and gasoline