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 ...
The Fed has been slowly but steadily unrolling it’s MBS and Treasury holdings over the last year and a half. That gives it less leverage in the markets - which is probably for the best.
The Money supply keeps expanding. Why doesn’t any of it end up inmy checking account?
The Fed is the captive of the WEF, or at least captive of the supporters of the WEF.
Is it just me or does anyone else think the LBJ administration and the fallout militarily, financially and culturally from their decisions was a turning point in American history, resulting in decline?
It seems like the Johnson administration was the beginning of disaster after disaster for the country.
Economics is an elastic band set of laws. You can bend them temporarily in order to get something done, but our countries have streteched the elastic band to the point of breaking and it will break.
” a turning point in American history, resulting in decline?”
That would be the inception of the Federal Reserve.
In my view, the start of the fall was WWII, where we adopted the fascist scientists and agents and brought them into Western civilization to head our agencies in order to counter the Soviet Union.
It actually goes back farther, when the bankers colluded by creating federal reserves in every country to control the economies.
GO BACK TO GOLD BACKED MONEY!
Yes
It started with the Fed and Wilson’s stupid decision to go into World War 1.
One can argue it predates that, to the aftermath of the Civil War. And some will argue it was before that, in the 1840’s. Others can Argue it was Andrew Jackson’s Admin who started the decent……..
I can say two things in regards to that.
1. The Rotheschilds funded Karl Marx.
2. Lincoln corresponded with Karl Marx.
Need to repeal the Seventh Amendment. While we are at it, repeal the Sixteenth Amendment, too.
When George Bush was elected President in December 2000, the National Debt was $5.7 Trillion.
Today, the National Debt is $34.8 Trillion.
Pretending we are a rich country while mortgaging our country is a fool’s road to bankruptcy.
In 24 years we have added almost $20 trillion to our debt and the highways are no better than they were in December 2000.
They rack up debt like a crazed housewife hooked on the Hone Shopping Network
“””In 24 years we have added almost $20 trillion to our debt and the highways are no better than they were in December 2000.””””
I did a Biden. should be $30 trillion
“Our Germans are better than their Germans”
The highways are probably worst, because bureaucrats had to chip away at spending to keep things afloat.
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