G. Edward Griffin explains the real nature of the Federal Reserve

The Federal Reserve is not federal. It is a cartel created to protect the interests of the bankers based in New York. The Fed is creating money out of nothing, simply by printing it. The American Dollar (rather the Federal Reserve Notes) is a fiat currency because it is no longer backed by gold. A lot of currencies around the world are in the same situation. In this way, states create more and more debt for generations to come. With that system, the only ones who are getting richer are the bankers themselves while everyone else is getting poorer day by day. A lesson from history that needs to be refreshed for everybody in these difficult times. A must see!

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