This week, the Biden administration is in full swing. And the one thing it has proven is that the more things change, the more they stay the same—big government will ALWAYS expand. In his first week of governing, President Biden is putting in place a whole slew of big government-loving bureaucrats into his cabinet.
At the head of the line is Treasury Secretary, Dr. Janet Yellen, who is the former head of the Federal Reserve. That’s right. The cabinet pick for the head of the Treasury formerly controlled one of the most corrupt (and arguably illegal) aspects of the US government.
However, this shouldn’t shock us since Biden has been condoning the Federal Reserve’s heinous behavior while working on Capitol Hill for the past 40 years. Congress delegates the power to print money to the Federal Reserve. And no matter how much inflation and pain the Fed causes the American taxpayer, any act to regulate or audit the Fed is seen as an extreme measure.
Most of Congress would never accept the responsibility for their part actions of the Federal Reserve—even though they consistently condone its activities.
Congressman Thomas Massie tweeted this week that “Congressmen should get a pay-cut equal to the rate of inflation they cause in any fiscal year – because the rate of inflation represents how much they’ve reduced everyone else’s income and savings. “
The federal government should be accountable for artificially manipulating the economy.
The Federal Reserve steals our purchasing power by inflating our currency. Over 35% of the current dollar bills in circulation were printed in the last 10 months. That’s right, not only did the government force an economic crisis with their shutdowns, they added to it by increasing inflation and killing the purchasing power of our hard-earned money. The Fed also manipulates our currency and economy by changing interest rates with banks.
There really is no place in the market that is safe from the Fed’s overreaching, slimy tentacles.
In The Tuttle Twins and the Creature from Jekyll Island, Ethan and Emily discover why and how the creature is able to steal money and manipulate the market. Just like our real life creature from Jekyll Island—the Federal Reserve.
Maybe one day, members of Congress everywhere will realize that they cannot allow the Federal Reserve to run rampant with power…maybe that day will be the same day they read these Tuttle Twins books and begin to understand the destructive behavior they’ve enabled. Sadly, I am not holding my breath.