by Thomas R. Eddlem
It may be the most successful financial swindle in human history, one more than a dozen times bigger than Bernie Madoff’s $65 billion swindle. By suppressing interest rates using federal Treasury bills, the Federal Reserve Bank has managed to deprive the Social Security OASDI trust fund of more than $900 billion in interest payments since 2001.
And it’s just getting started. (Keep reading at the Libertarian Institute here: https://libertarianinstitute.org/articles/the-trillion-dollar-social-security-trust-fund-robbery/ )
Also, Thomas R. Eddlem was interviewed on this same topic on the Scott Horton Show, which can be heard here: https://scotthorton.org/interviews/7-25-24-thomas-eddlem-on-how-the-fed-hurts-the-poor/
Thomas R. Eddlem is the treasurer of the Massachusetts Libertarian Party, the William Norman Grigg Fellow at the Libertarian Institute, an economist and a freelance writer published by more than 20 periodicals and websites, including the Ron Paul Institute, the Future of Freedom Foundation, the Foundation for Economic Education, The New American, LewRockwell.com, and the Libertarian Institute. He has written three books, A Rogue’s Sedition: Essays Against Omnipotent Government, and two books of academic resources for high school teachers of history, Primary Source American History and The World Speaks: World History Since 1750 Using Primary Source Documents. Tom holds a masters of applied economics and data scientist certification from Boston College (2021) and lives in Taunton, Massachusetts with his wife Cathy and family.