Money for Nothing: Inside the Federal Reserve (An email to Richard Fisher)

Money for Nothing: Inside the Federal Reserve (An email to Richard Fisher)

Note: Minor edits have been made. The following email is addressed to Mr. Richard Fisher, the former President of the Federal Reserve Bank of Dallas. He’s featured in the documentary, Money for Nothing: Inside the Federal Reserve. See the embedded film below.  All of the regional presidents of the Federal Reserve Bank were Cc:ed.

February 17, 2015

Mr. Richard W. Fisher
President of the Federal Reserve Bank of Dallas

Mr. Fisher,

This past week, I discovered on NetFlix the film, Money for Nothing: Inside the Federal Reserve, and I found it to be, both, interesting and disturbing as a 43 year-old, philosopher and writer with political aspirations. Since 2007, I’ve built a global audience of 18,000 contacts, via email, living in more than 25 countries. Some 14,000 are professors teaching at over 90 colleges and universities of which 44 are considered to be world-class. I write to 7 of the 8 Ivy League schools including over 2,000 physicians, professors and researchers at Harvard University, alone.

Among their top graduate and professional schools receiving my near-monthly commentaries are 15 business schools (Harvard, Stanford, Kellogg, Columbia, Wharton, London), 2 government and public policy (HKS, Princeton’s Woodrow Wilson School), 5 international relations schools (Harvard, Princeton, Johns Hopkins, Georgetown, Tufts), 2 journalism schools (Columbia, Northwestern Medill) 17 law schools (Harvard, Yale, Stanford, Chicago, Columbia, NYU), 3 medical schools (Harvard, Johns Hopkins, Penn) and 3 public health schools (Harvard, John Hopkins Bloomberg, UNC-Gillings). All this from a kid who struggled in elementary school making C’s, D’s and F’s while attending summer school and being held back in the fifth grade.

I made C’s in high school and at Auburn University. My corporate sales career lasted all of nine years after being fired four times while working for seven different firms. Along the way, I had a nervous breakdown during my wedding weekend, in 2002. Following my breakdown and first hospitalization, I began writing for the first time, ever. Up until this point, public speaking and writing proved impossible due to dyslexia. Sensing an intellectual change, I took an online IQ test where I scored 142 up from 100, in the eighth grade. In 2007, following my separation from my wife and on my way to a divorce with no career or a job, I began writing political and social commentaries. That summer, I reached out to the faculties at Tulane, UNO and LSU, in Louisiana, explaining my intentions to write these essays and share my work with them — some 36 professors. Two professors wrote back insulting me and my endeavor.

That was the start of my new life and work. It’s since been praised, shared and even quoted. I’ve heard from former Harvard Law Professor and now U.S. Senator Elizabeth Warren (D-MA) who submitted three of my essays to the Congressional Oversight Panel, which she chaired, in 2009. I received a letter from her committee, each time. In 2011, I heard from Harvard Business Professor Michael E. Porter to one of these three essays. In eight years, I’ve produced over 100 commentaries and I’ve heard from faculty at Emory, Columbia, NYU Law School, INSEAD, Sydney, as well as, from federal lawmakers, former government officials, foundation presidents, media executives…

With a diagnosis of bipolar disorder, I currently live on Social Security Disability and on some inheritance. The Social Security Disability trust fund is reported to go bankrupt this year, in 2015, according to CBS’ 60 Minutes. The federal government’s efforts to force the international banking community to out all of their American clients and their accounts has the look, feel and smell of Cyprus — one big money grab to pay their debts with our savings.

With no spouse or dependents, I’m free to stay or to leave the U.S. Money for Nothing talked about a coming storm or maybe being in the eye of it. Having grown up on the Gulf Coast, I know a few things about Mother Nature and weathering storms. Having experienced a nervous breakdown and hitting bottom, I know something about the emotional and mental pain and suffering that comes with life, as well as, enjoying a bounce, a recovery. If America with its soft culture has to go through anything like what I’ve been through — a major hardship — I don’t want to be around when our systems systematically break down. Following 2008, I’m of the opinion that America and maybe the western world entered the Dark Ages — an intellectual darkness.

America and our financial system have become artificial in how we act and react. If the Federal Reserve is still keeping interest rates artificially low, when will they stop digging a deeper hole for themselves, for us? When will they realize that what they’re doing isn’t working and that it’s time to finally bite the bullet and raise rates? Are we still a nation under God or one that’s trying to play God and failing badly? At some point, all parents have to stop bailing out their wayward child and let them finally face the consequences of their actions or risk going under themselves. America is no different. Now is the time for America to grow up, whatever the cost may be. Better to die with integrity and dignity than to live with none. The Fed must know something about the latter.

or click on link:

Ted Burnett
500 Lincoln St. B-105
Daphne, AL 36526 USA
C: 251-709-0280

Question everything.

 Ted Burnett: I'm an American thought leader and pioneer on the subjects of human, organizational and societal development and health. I write about the role that integrity, dignity, sanity play, as well as, on the topics of spirituality, faith, freedom, happiness, problem solving and risk taking. I produce and deliver original, world-class commentaries on business, political, social and spiritual matters to a global audience of world leaders, chief executives and key decision makers, top faculty and notables in the fields of academia, banking, business, foundations, government (including heads of state, lawmakers and governors), healthcare, media, non-profits and policy institutes. Website: