Author Brad Thor joined John B. Wells to discuss the impact of the Federal Reserve (the Fed), loss of freedom and related topics. "The Federal Reserve is about as 'federal' as Federal Express," Thor said, noting how the central bank is a private entity and not part of the U.S. government. When the government needs funding it goes to the Fed, which creates money (out of thin air) and receives treasury bonds in return for which the United States must pay interest, Thor explained. They essentially provide a bottomless checkbook to the government, he added.
The Fed was actually quite unpopular with Americans and had failed to gain traction twice before, Thor revealed. He suggested that the national money panic of the early 1900s had been specifically manufactured to bring about the successful third attempt at a central bank. Thor expressed his amazement that citizens have allowed a private entity to create the nation's money, calling it "the greatest con that has ever been perpetrated on the American people." By any measurable accounting, the organization has been a failure, he continued, pointing out that under the Fed's watch the U.S. dollar has lost almost 96 percent of its purchasing power.
Thor spoke about the failures of Socialism, the treason of wealth redistribution, and how the federal government has become an out-of-control entity bent on grabbing as much power as possible. "The government is not about protecting the people, the government is about protecting itself," he said. Thor railed against the loss of individual liberties in the wake of government expansion, warning that when its power is threatened the government utilizes its various departments (Justice, IRS, NSA, DHS, etc.) to lash out at the citizenry. Fortunately, people are starting to wake up to this threat, Thor announced, noting that those in power should be terrified of the awakening that is taking place across the country.
First hour guest, Vince Mazur, president and founder of Mazur Instruments, commented on radiation-related news.