100 Years Later, The Federal Reserve Has Failed At Everything It's Tried
Key Excerpts from Article on Website of Forbes
100 Years Later, The Federal Reserve Has Failed At Everything It's Tried
Forbes, December 20, 2013
Posted: 2013-12-30 16:33:02
http://www.forbes.com/sites/markhendrickson/2013/12/20/100-y...
On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last 100 years? The stated original purposes were to protect the soundness of the dollar and banks and also to lessen the jarring ups and downs of the business cycle. Oops. Under the Fed’s supervision, boom and bust cycles have continued. Three of them have been severe: the Great Depression, the stagflationary period of 1974-82, and the current “Great Recession.” Bank failures have occurred in alarmingly high numbers. Depending on what measurements are used, the dollar has lost between 95 and 98 percent of its purchasing power. (Amazingly, the Fed’s official position today is that inflation is not high enough, so the erosion of the dollar continues as a matter of policy.) Having failed to achieve its original goals, the Fed also has had a miserable record in accomplishing later goals. The 1970 amendments to the Federal Reserve Act stipulated that the Fed should “promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” In baseball parlance, the Fed has been “0-for-three.” So, what has the Fed accomplished during its century of existence? Well, it has become adept at bailing out mismanaged banks. In the aftermath of the 2008 financial crisis, the Fed orchestrated the big bailout of Wall Street. Politically, the Fed is repugnant. Its chairman is commonly referred to as the second most powerful person in the country. In a democratic republic, should the second most powerful policymaker be unelected?
Note: How remarkable for Forbes to publish an article chastising the Fed! The times are a changin'! For an essay by noted financial researcher Ellen Brown on this occasion, click here. For more on the collusion between government and the biggest banks, see the deeply revealing reports from reliable major media sources available here.
Explore our index to revealing excerpts of key news articles on several dozen topics.
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U.S. Military Wanted to Provoke War With Cuba
2001-05-01, ABC News
http://abcnews.go.com/US/story?id=92662
In the early 1960s, America's top military leaders reportedly drafted plans to kill innocent people and commit acts of terrorism in U.S. cities to create public support for a war against Cuba. Code named Operation Northwoods, the plans reportedly included the possible assassination of Cuban emigres, sinking boats of Cuban refugees on the high seas, hijacking planes, blowing up a U.S. ship, and even orchestrating violent terrorism in U.S. cities. The plans were developed as ways to trick the American public and the international community into supporting a war to oust Cuba's ... Fidel Castro. America's top military brass even contemplated causing U.S. military casualties, writing: "We could blow up a U.S. ship in Guantanamo Bay and blame Cuba," and, "casualty lists in U.S. newspapers would cause a helpful wave of national indignation." The plans had the written approval of all of the Joint Chiefs of Staff and were presented to President Kennedy's defense secretary, Robert McNamara, in March 1962. But they apparently were rejected by the civilian leadership and have gone undisclosed for nearly 40 years. The Joint Chiefs even proposed using the potential death of astronaut John Glenn during the first attempt to put an American into orbit as a false pretext for war with Cuba. Should the rocket explode and kill Glenn, they wrote, "the objective is to provide irrevocable proof ... that the fault lies with the Communists." The scary thing is none of this stuff comes out until 40 years after.
Note: Why was ABC the only major news source to report on this highly revealing story? Read the shocking declassified documents on Operation Northwoods. Many military and political leaders look at the world as a grand chessboard. Sacrificing pawns (innocent civilians) is sometimes necessary to capture the queen. Explore revealing news articles on military corruption. Then check out eye-opening 9/11 news articles.
Inside the secretive Bilderberg Group
2005-09-29, BBC News
http://news.bbc.co.uk/1/hi/world/americas/4290944.stm
How much influence do private networks of the rich and powerful have on government policies and international relations? One group, the Bilderberg, has often attracted speculation that it forms a shadowy global government. Every year since 1954 [they have brought] together about 120 leading business people and politicians. At this year's meeting in Germany, the audience included the heads of the World Bank and European Central Bank, Chairmen or Chief Executives from Nokia, BP, Unilever, DaimlerChrysler and Pepsi ... editors from five major newspapers, members of parliament, ministers, European commissioners ... and the queen of the Netherlands. The chairman ... is 73-year-old Viscount Etienne Davignon. In an extremely rare interview, he played down the importance of Bilderberg. "I don't think (we are) a global ruling class because I don't think a global ruling class exists." Will Hutton ... who attended a Bilderberg meeting in 1997, says people take part in these networks in order to influence the way the world works, to create what he calls "the international common sense". And that "common sense" is one which supports the interests of Bilderberg's main participants. For Bilderberg's critics the fact that there is almost no publicity about the annual meetings is proof that they are up to no good. Bilderberg meetings often feature future political leaders shortly before they become household names. Bill Clinton went in 1991 while still governor of Arkansas, Tony Blair was there two years later while still an opposition MP. All the recent presidents of the European Commission attended Bilderberg meetings before they were appointed. Informal and private networks like Bilderberg have helped to oil the wheels of global politics and globalisation for the past half a century.
Note: Why is this meeting of top world leaders kept so secret? Why, until a few years ago, was there virtually no reporting on this influential group in the major media? Thankfully, the alternative media has had some good articles. And a Google search can be highly informative. Explore many other revealing major media news articles on powerful secret societies. And for those interested, check out reliable, eye-opening information covering the big picture of how and why these secret societies are using government-sponsored mind control programs to achieve their agenda.
[9/11] Hijack 'suspects' alive and well
2001-09-23, BBC News
http://news.bbc.co.uk/1/hi/world/middle_east/1559151.stm
Another of the men named by the FBI as a hijacker in the [9/11] suicide attacks on Washington and New York has turned up alive and well. The identities of four of the 19 suspects accused of having carried out the attacks are now in doubt. Saudi Arabian pilot Waleed Al Shehri was one of five men that the FBI said had deliberately crashed American Airlines flight 11 into the World Trade Centre on 11 September. His photograph was released, and has since appeared in newspapers and on television around the world. He told journalists there that he had nothing to do with the attacks. He has contacted both the Saudi and American authorities. He acknowledges that he attended flight training school at Daytona Beach in the United States, and is indeed the same Waleed Al Shehri to whom the FBI has been referring. But, he says, he left the United States in September last year [and] became a pilot with Saudi Arabian airlines. Abdulaziz Al Omari, another of the Flight 11 hijack suspects ... says he is an engineer with Saudi Telecoms, and that he lost his passport while studying in Denver. Meanwhile ... a London-based Arabic daily says it has interviewed Saeed Alghamdi. He was listed by the FBI as a hijacker in the United flight that crashed in Pennsylvania. And there are suggestions that another suspect, Khalid Al Midhar, may also be alive. FBI Director Robert Mueller acknowledged on Thursday that the identity of several of the suicide hijackers is in doubt.
Note: The deceptions in the 9/11 official story are clearly shown in this key story. The FBI never revised its list of alleged hijackers. These four are all listed in the official 9/11 Commission report as the hijackers. Click here and scroll down a little over half way to see their photos in the official report. For more, see this webpage. Explore also concise summaries of deeply revealing news articles with evidence of a 9/11 cover-up from reliable major media sources. Then examine an abundance of reliable information suggesting a major 9/11 cover-up.
The above three are excerpts from the 20 most revealing news articles ever published.
Below is a sample of the three articles most recently posted to this website.
MIT professor's killing remains a mystery as police launch homicide investigation
2025-12-17, CBS News
https://www.cbsnews.com/news/mit-professor-killed-nuno-loureiro-mystery-homic...
Authorities were working Wednesday to uncover clues after a prominent professor at the Massachusetts Institute of Technology was fatally shot at his home near Boston. Nuno F.G. Loureiro, a 47-year-old physicist and fusion scientist, was shot Monday night at his home in Brookline, Massachusetts. He died at a local hospital. Loureiro, who joined MIT in 2016, was named last year to lead MIT's Plasma Science and Fusion Center, where he aimed to advance clean energy technology and other research. The center, one of the school's largest labs, had more than 250 people working across seven buildings when he took the helm. "It's not hyperbole to say MIT is where you go to find solutions to humanity's biggest problems," Loureiro said when he was named to lead the plasma science lab. "Fusion energy will change the course of human history." A neighbor of Loureiro's who did not want to be identified told CBS News Boston he heard "three loud bangs" Monday evening. "I thought at first it was somebody in our apartment kicking in a door or something so I called the neighbors and they said no they thought it was gunshots," he said. A 22-year-old student at Boston University who lives near Loureiro's apartment in Brookline told The Boston Globe she also heard three loud noises Monday evening and feared it was gunfire. "I had never heard anything so loud, so I assumed they were gunshots," Liv Schachner was quoted as saying.
Note: Read more about the latest wave of missing and dead scientists.
Murder of MIT Fusion Scientist Getting More and More Bizarre
2025-12-22, Futurism
https://futurism.com/future-society/murder-mit-fusion-scientist-bizarre
Last week, lauded theoretical physicist and director of the MIT Plasma Science and Fusion Center Nuno Loureiro was murdered in his home in Brookline, Massachusetts. Since then, investigators have made several breakthroughs in the unusual case, linking the prime suspect to a separate deadly mass shooting at Brown University earlier in December. The suspected shooter, Claudio Neves Valente, was found dead in a storage unit in New Hampshire on Thursday following a six-day manhunt. Neves Valente attended the same school – Lisbon's Instituto Superior TĂ©cnico – as his future victim, Loureiro, where they were both students between 1995 and 2000. Neves Valente eventually pursued his graduate studies at Brown, linking him to the second institution where he's suspected of committing a deadly shooting. Former Brown physics professor Scott Watson, who spent a lot of time with Neves Valente at Brown, said he became "sometimes angry" about life at Brown in esoteric ways – complaining about the quality of the fish he was served, for instance. Neves Valente left Brown in early 2001 and returned to Portugal. Classmates have suggested he may have become jealous of Loureiro's illustrious career. Roughly an hour before Neves Valente opened fire on students in a Brown lecture hall, a witness noticed he was wearing a mask and flimsy clothing, leading to an altercation. All told, Neves Valenete killed three individuals and injured nine.
Note: Read more about the latest wave of missing and dead scientists.
There Are Thousands of Inventions the Government Doesn't Want You to See. A Shady Law Is Hiding Them.
2026-07-22, Popular Mechanics
https://www.popularmechanics.com/science/a72625228/conspiracy-theories-secret...
Whatever the source, at some point you'll hear about a guy who invented an engine that runs on water (or sometimes a different clean, renewable resource). This engine was going to change the world, bring about a new age, and also make its inventor very, very rich. The details about the person who invented it vary, but the story always has one constant: the U.S. government swept in, stole the invention, and shut the whole operation down–all to protect the interests of the oil industry. There's a real law on the books that makes urban legends like that one entirely plausible. It's called the Invention Secrecy Act of 1951 (Pub. L. 82-256, 66 Stat. 3), and if you're an American inventor whose work involves anything like cryptography, weaponry, or energy, it's a law that hangs over your head. A remnant of the Cold War, the law allows agencies within the U.S. Government to interject during a patent review process and suppress any inventions that the agency deems a "threat to national security." The law doesn't simply give the government carte blanche to permanently lock away the fruits of an inventor's labor. Under the parameters of the law, agencies ranging from the Department of Defense to NASA can issue a "secrecy order" on patents under review that they feel contain sensitive information. Of the more than 788,000 patents filed in Fiscal Year 2025, 6,543 of them were restrained by ISA. And there's no real way to find out what they are, or why they were withheld.
Note: For more along these lines, read our concise summaries of news articles on energy.
The above three are excerpts from the news stories most recently posted to this website.
Explore our index to revealing excerpts of news articles on several dozen topics.
Don't miss amazing excerpts from the 20 most revealing news articles ever published.