This site is a free educational tool for the public. AmericanBankster.com is dedicated to exposing the dangers of fiat money and The Federal Reserve System.
In short, inflation is theft. Inflation results in a transfer of wealth from your bank account to those printing or creating new money; primarily the banksters at the Federal Reserve. This means that each and every year, the money in your bank account loses value not because of the "market", but because of the actions of the Federal Reserve. Under the Federal Reserve the dollar has lost 96% of its purchasing power. It would take only 4 cents in 1913 to buy a 2009 dollar.
Many of us have been conditioned to believe that this is just the way things work, that inflation just occurs over time. Yet prior to the creation of the Federal Reserve, the dollar gained value over time, which is what it should do! This would make savings a real asset to you instead of a liability.
Lew Rockwell joins The Judge on Freedom Watch to discuss an audit of the Nation's Gold holdings. Such as audit has not been performed since the 1950's.
Check out our past videos of the day on our video archive page.
What will I find on AmericanBankster.com?
You will find a collection of educational resources that will help you to better understand the American Banking System, inflation, the gold standard, the income tax, the national debt, fractional reserve banking, the Federal Reserve and history in general.
Here are a few topics you can study on AmericanBankster.com
Not many people realize that the oil companies have bought themselves the cheapest insurance possible when they lobbied the Federal Government to provide them with a liability cap on the liabilities for oil companies after a spill. As Timothy Carney of the Washington Examiner points out, there is a government-created slush fund to keep big oil from paying to clean up it's own oil spills.
WASHINGTON ó The president of the World Bank said on Monday that Americaís days as an unchallenged economic superpower might be numbered and that the dollar was likely to lose its favored position as the euro and the Chinese renminbi assume bigger roles.
The Reserve Bank of Zimbabwe routinely prints money to fund the budget deficit, causing the official annual inflation rate to rise from 32% in 1998, to 133% in 2004, 585% in 2005, past 1,000% in 2006, and 26,000% in November 2007, and to 11.2 million percent in 2008. Meanwhile, the official exchange rate fell from approximately 1 (revalued) Zimbabwean dollar per US dollar in 2003 to 30,000 per US dollar in September 2007.
Why is this important? It means that China wonít be buying any short-term or long-term US debt. If President Obama and the Congress donít show any signs of easing up on SPENDING, then the Federal Reserve will have to increase the amount of dollars it prints. If it keeps printing dollars at this rate, then very soon we will see the effects of inflation begin, followed by hyper-inflation. Prices will spiral up and out of control and most of the middle class will become poor and the already poor will suffer the most. The cost of milk and bread will be prohibitively high. Small farms will go out of business, driving prices even higher as competition is diminished.
...the tax code has brought about the employer-provided insurance system that has resulted in less competition and higher prices. The employer-provided insurance system creates yet another degree of separation between the patient, [Insurance Company, Employer] and doctor. This adds another administrative expense, gives less choice to employees and consumers and more control to big business owners, union bosses, bureaucrats and politicians."
"Over time the terms conservative and liberal have changed, and while this idea of labels changing is nothing new, it is important to acknowledge such change and to recognize the meaning to assess where we stand as individuals."
"...the crowd, made up of Obama's economic advisors, has already gathered insisting that they must break the window in order to save the glazier's business and all the merchants that depend on the glazier."
An Open Letter to Congress and the President
"When a business fails, the market (through consumers and investors) has decided that the business is not efficient enough or in high enough demand to exist, therefore, it should and must fail! To prop it up with taxpayer dollars is to take efficient money out of the economy and place it in the inefficient hands of bureaucrats where half of the money will be eaten up by the bureaucratic machine, and the other half will be wasted on a business that the market has already decided must fail."
Our Reaction: "HAHAHAHAHAHAHAHAHA"
"US fast-food giant McDonald's said Monday its 2008 net profit soared 80 percent from a year, lifted by growing demand from consumers seeking low-cost meals in a deepening global recession."
"Wall Street is losing faith in Washington's efforts to fix
the financial crisis."
"The size of the problem is growing faster than the banks' ability to handle it....We're halfway through the bailout money, and the banks are in worse shape than they were six months ago."
Not only are taxpayers experiencing ever-increasing direct
taxes such as gasoline tax, property tax, sales tax, cigarette tax,
alcohol tax, etc., but your standard of living is being taxed through
the devaluation of your dollars.
Every time the government creates a new program, your standard of living will get worse.