I was making a point...that the beginning of their dual mandate is when the phony pumping began.....and no, their track record is not 102 straight years of devaluing the dollar. That’s absurd. True, the dollar is only strong now because the rest of the world is a disaster....so the Fed does not operate in a vacuum....but the second mandate is the real killer. It is a t cross purposes with the first.
The feds only way to increase currency is to create an equal amount of debt. A history of banking concepts leading to the present day:
http://debtcrash.report/entry/history-and-introduction-1
and no, their track record is not 102 straight years of devaluing the dollar. That’s absurd.
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occasionally wars and events such as the world reserve currency shifting from the GBP to the USD intervene but it’s undeniable that the FED-RES’s goal has always been to issue debt as a currency substitute and devalue the dollar to assist their member banks.