‘The Reason we should care about the federal reserve system is because it’s a fraud’

by Mac Slavo | Oct 11, 2009 | Headline News | 3 comments

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James Corbett interviews G. Edward Griffin on the Federal Reserve as part of the Corbett Report’s Economics 101 series.

G. Edward Griffin:

“It is a fraud that actually affects us in a very personal way. The way it affects us is that it expands the money supply, and by so doing it causes this thing called inflation. And, inflation is the silent thief of our purchasing power and it becomes like a hidden tax. So, the reason people should be concerned about the federal reserve system is because the system is taxing them every day through this process of inflation, and most of them have no idea that it’s going. And if you look at how much this tax is, it’s the biggest tax of all.”

Watch the Interview:

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