--- title: "Meaning & Key Takeaway of: America really started to die when the…" description: "\"America really started to die when the Federal Reserve was founded, and it really started to die in 1971 when the gold backing was taken away from the ..." image: "https://sms4smile.com/quotes/i/ec7/jeff-berwick-34481_america_america-really-started-to-die-when-the-f_2696285.jpg" --- # America really started to die when the Federal Reserve was… ![“America really started to die when the Federal Reserve was founded, and it really started to die in 1971 when the gold backing was taken away from the dollar, and this currency with Ben Bernanke just printing up or counterfeiting as much money as he wants and destroying the economy is really…” quote by Jeff Berwick](https://sms4smile.com/quotes/i/ec7/jeff-berwick-34481_america_america-really-started-to-die-when-the-f_2696285.jpg) [Download](https://sms4smile.com/quotes/i/ec7/jeff-berwick-34481_america_america-really-started-to-die-when-the-f_2696285.jpg) [Open image](https://sms4smile.com/quotes/i/ec7/jeff-berwick-34481_america_america-really-started-to-die-when-the-f_2696285.jpg) > “America really started to die when the Federal Reserve was founded, and it really started to die in 1971 when the gold backing was taken away from the dollar, and this currency with Ben Bernanke just printing up or counterfeiting as much money as he wants and destroying the economy is really destroying the economy.” [Jeff Berwick](https://sms4smile.com/quotes/author/jeff-berwick/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The author argues that the creation of the Federal Reserve and later removal of gold backing led to monetary inflation and economic decline. **In simple terms:** Monetary policy caused economic decay. Key Takeaway Beware inflationary policies. Themes economics monetary policy inflation government history Mood cautious critical Type analytical political When to use this quote - policy debates - investment decisions - personal finance - government budgeting Key Concepts Keynesianism sound money fiscal responsibility Questions to Reflect On - How does monetary policy affect everyday life? - What alternatives exist to current systems? A Different Perspective The argument may oversimplify complex economic factors. ★ ★ ★ ★ ★ No ratings yet [America](https://sms4smile.com/quotes/about/america/) [Customer](https://sms4smile.com/quotes/about/customer/) [Federal reserve](https://sms4smile.com/quotes/about/federal-reserve/) [Gold](https://sms4smile.com/quotes/about/gold/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [Obama is a human wrecking ball single-handedly destroying our economy and bankrupting the nation.](https://sms4smile.com/quotes/david-limbaugh/obama-is-a-human-wrecking-ball-single-handedly-destroying-our-economy/) [David Limbaugh](https://sms4smile.com/quotes/author/david-limbaugh/) > [When you look around the world, every place that socialism has been implemented, it has failed miserably, destroying the economy, freedom and - in…](https://sms4smile.com/quotes/rick-perry/when-you-look-around-the-world-every-place-that-socialism-has-been/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [Most Republicans and the business community extol the virtues of trade, depicting it as an engine of economic progress, while most Democrats and unions…](https://sms4smile.com/quotes/william-m-daley/most-republicans-and-the-business-community-extol-the-virtues-of/) [William M. 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