by Geoffery S. Shough
hat tip: GeofferyShough.wordpress.com
“There are a thousand hacking at the branches of evil to one who is striking at the root.” —Thoreau
For the past century, a general trend has taken shape in America where Americans are finding it harder and harder to make ends meet. There was a time in this country when only one member of the average household needed to work in order to support a family, and now it is not uncommon to have both adults in the household working to support their families. To make matters worse, many of the products we buy are declining in quality, and in many cases these same products are becoming more expensive. America has gone from a nation of savers and producers to a nation of debtors and consumers.
There are many explanations behind why this trend is occurring in America, but the most cogent among them is that the Central Bank, called the Federal Reserve (Fed), through its ineptitude in managing monetary policy, produces a hidden tax and causes serious imbalances in the economy with long term and far reaching effects.