Posted on 07/06/2024 10:42:42 AM PDT by Kaiser8408a
The Federal Reserve is Running on Empty.
‘What passes for central banking today is really a perverse form of Wall Street-pleasing monetary manipulation. It employs the vocabulary of central banking, but in practice it fundamentally undermines main street prosperity, even as it showers the 1% (the top wealthiest people) with unspeakable financial windfalls.
Stated differently, virtually everything the Fed does for the alleged benefit of the American economy is both unnecessary and a ruse. The Fed has actually become a captive of the Wall Street traders, gamblers and high rollers, and functions mainly at their behest.
The proof of this proposition starts with the startling historical fact that the post-war US economy did just fine without any interest rate targeting, heavy-duty bond-buying or general macroeconomic management help from the Fed at all. For all practical purposes today’s omnipresent Fed domination of the financial and economic system was non-existent at that point in time.
...
The amount of money the US government spends on foreign aid, wars, the so-called intelligence community, and other aspects of foreign policy is enormous and ever-growing. It’s an established trend in motion that is accelerating, and now approaching a breaking point. It could cause the most significant disaster since the 1930s. Most people won’t be prepared for what’s coming. That’s precisely why bestselling author Doug Casey and his team just released an urgent video with all the details.
Lest we forget, M2 Money printing exploded with Covid and kept increasing under Biden’s Reign of (Economic) Error.
(Excerpt) Read more at confoundedinterest.net ...
I have often wondered if the IRS viewpoint on gold, taxed as a “collectable” (up to 28% capital gains), is in fact, unconstitutional because the US Constitution implies it is legal tender, and Congress has made no such law stating it is a collectable.
I’m wondering if this is ripe for a hot-shot lawyer to bring about a class-action suit for those being ripped off by the IRS.
The end of stable currency.
LBJ abolished silver coinage, signing the Coinage Act of 1965 into law on July 23, 1965. This legislation authorized the U.S. Mint to begin striking dimes and quarters in a cupro-nickel clad alloy with a pure copper core.
All of the debased, cupro-nickel coins were dated 1965 (or later), which allows modern-day silver stackers to easily distinguish them from 1964-and-earlier dated 90% silver coinage.
History records 4,800 different sovereign currencies ( paper) have been created in time- if history is correct, the US Federal Reserve notes WILL become like all the rest-worthless…..as we are witnessing.
Both of you are correct.
Add the 17th amendment to the list.
This SCAM started a looonnng time ago!
AND THIS TIME, THOSE “CHICKENS” THAT WERE SUPPOSED TO COME HOME TO ROOST? THEY’RE BUZZARDS!! BIG ONES!!!
PAPER DEBT MONEY PART 1 of 2:
https://youtu.be/hpxc80iFRvA?si=McVsTSPqCyVJgGHq
PAPER DEBT MONEY PART 2 of 2
https://youtu.be/nUdQd0CoyB8?si=ev66YSBYrugfJ0Nl
lol BUZZARDS....coming home to roost....in your home, if you can keep it.
Cantillion effect
https://www.adamsmith.org/blog/the-cantillion-effect
the connected get the newly created money first, screwing the little guy.
Central government planning never produces anything resembling positive results. Never has, never will. A truly free market is the only vehicle which produces positive results long term. Not positive for everyone, but for most. Governments can not produce “fairness” through central planning, but then neither can anything else. This is just a fact of life.
And the solution is.......???????????????
In English, please.
I’m with you both
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