This article is about how the new Fed chairperson, Janet Yellen, is attempting to con the American people into thinking that Fed is concerned about us and our problems, when the truth is that the Federal Reserve System is the prime reason America is in dire economic straights today.

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On October 17, 2014, the Associated Press published an article by Martin Crutsinger entitled, "Yellen Greatly Concerned by Widening Inequality in U.S". According to the article, the Federal Reserve Chair Janet Yellen sounded an alarm that America's tradition as a land of opportunity was in jeopardy because of a widening economic gap between the very rich and the average American. According to Yellen, this growing gap is due to a robust stock market which helped the wealthy outpace gains in income and home prices for working Americans. Yellen went on to say that she is concerned because the economic gap is, by some estimates, at its highest level for this past century and in the past few decades we have seen "significant income and wealth gains for those at the very top and stagnant living standards for the majority". According to Yellen, "this is one of the most disturbing trends facing the nation".

In a closed society, with a fixed amount of money available, if a person is allowed to loan money at interest, this person will end up with all the money and everything else as well. This is intuitively obvious, because over time, the lender gets richer through collecting interest on the money he loans while society as whole has less and less money to spend. If unchecked the lender becomes rich enough to buy everything and ends up with all the money as well. This is why loaning money at interest was a crime punishable by death in some early societies. However, even though we do not live in a closed society, and even though our money supply is not fixed, our situation with the Fed is similar to our closed society example because the Fed creates the money they loan our government out of thin air and upon doing so, the American people must pay the Fed back with real money earned through diligence and hard work.

The Federal Reserve System is so one sided and unfair that it is truly far worse than a Ponzi scheme where people are bilked out of their investments by an unscrupulous financial advisor. In a Ponzi scheme, investors only lose their investments. In the Fed's con game all of us will eventually lose everything. The truth of this is clearly evident in the shrinking value of our dollar and our exploding and out of control national debt which we would not have if Congress created and regulated our money supply as required by our Constitution. The Problem is that in 1913, Congress was duped and cajoled into passing the Federal Reserve Act making this fraud legal and giving the Fed, a foreign privately owned banking cartel, the power to create our money as if it was theirs. As a result, this nation is rapidly becoming a nation of paupers and the Fed is directly responsible for this state of affairs.

All of the above being true, it should be clear that Fed Chairperson Janet Yellen either has a very poor grasp of economics and monetary issues or she is a bald face liar painting a black kettle white.

Authors Bio:

Al Adaschik was born in New London, Connecticut, on June 27th, 1943. He was raised in Brooklyn, New York and attended Franklin K. Lane High School. Upon graduation, he was accepted as an engineering student at the University of Michigan in its Naval ROTC program. Upon completing college, Al qualified for Navy flight training and received his wings as a Jet Fighter Pilot in June of 1966. After completing his tour of duty, he left the service and earned a MBA from Long Island University, at the C.W. Post Center, in Greenvale, Long Island.


Al has worked as a Flight Test Conductor for the Grumman Aerospace Corporation, a Financial Analyst for the Singer Company, a Senior Financial Analyst for Pratt & Whitney Aircraft, a Financial Administrator for the City of Fort Lauderdale, and is presently retired from that position after twenty years in the year 2000.


When hired by the City of Fort Lauderdale, Al was on a fast track to become Department Head of the city's Utilities Department. However, his career came to a screeching halt three years after being hired when he discovered that his Department was dumping raw sewage into the river which ran through downtown Fort Lauderdale. Not able to accept this state of affairs, after attempting to solve the problem internal to the City, Al enlisted the help of a friend and neighbor and their involvement brought about an immediate end to the problem.


Despite the problems Al experienced with his superiors as a City employee after the pollution incident, his efforts and contributions to the citizens of Fort Lauderdale did not go unrecognized. On March 1, 1988, the Riverside Park Residents' Association honored him with a plaque which stated that, "In profound appreciation of your many contributions to our community, we acknowledge your dedication, wisdom, generosity and reliability which have been a foundation of our neighborhoods progress and which have made Riverside Park a better place to live." Also, on November 2, 2001, the day of Al's retirement as a city employee, by written proclamation, the Mayor and City Commission officially decreed that day to be "AL ADASCHIK DAY" in appreciation for his dedication, professionalism, and leadership he exhibited throughout his career as a public servant.



In 1994, Congress passed the General Agreement on Tariffs and Trade (GATT) making the United States a member of the World Trade Organization (WTO). According to the Fort Lauderdale news, this Act was passed by pushing sovereignty issues aside. This revelation motivated Al to obtain a copy of the GATT Accord from the Government Printing Office and this document revealed that our membership in the WTO required that this nation subordinate the prerogatives of our President, Congress, and the Supreme Court to the WTO's Ruling Panels. This being the case, acting as Attorney Pro-se for the citizens of this nation, Al sued our Federal Government in the Federal District Court of Miami over the constitutionality of GATT and our membership in the WTO.


Subsequent to Al's lawsuit against the Federal Government over the constitutionality of GATT, Al wrote a book, available free online, entitled, "While We Sleep -- A story of government without law". This book begins with a narrative about Al's idyllic childhood, goes on to describe the circumstances concerning his bringing to a halt the pollution of Fort Lauderdale's New River, documents Al's efforts jumpstart and redeem his stalled career after doing what was right for his city and its citizens, and concludes with a description of his efforts undo the harm done to this nation by the passage of the GATT accord and our resulting membership in the World Trade Organization.


Finally, Al developed and hosted a web site called "The Constitution forum" in the hope of waking people up to the plight this nation is in. As host of this web site, he authored a plethora of political tracts and articles many of which can be found on line under his name.


Al is now retired and lives Ormond Beach, Florida.