The Federal Reserve has been on the US scenes since 1913. Not even Biblical plagues lasted 95 years. The ultimate effects aren’t much different. The Fed may or may not make it to a centennial commiseration. They are on the ropes.
It is beyond comical to watch all the various pundits applaud the Fed’s action as they piece together bailouts and desperately cheap money. Those who cheer them are nothing more than apologists for a crooked and predatory monetary system. Maybe it would be wise to look deeply and understand that this “ultimate private franchise” is the root cause of the problems they are getting credit for patching up??
The elitist international bankers who own the Fed are inflators by charter. They are licensed by Congress to supply what we use as money. Here’s their historic report card:
One of the Fed’s mandates is “stable prices”. A shrinking and shrinking dollar won’t get that job done. That looks like an F from this angle, even if you grade on the curve.
Pretty clever of them for sure. How exactly did they accomplish such an extraordinary feat?
Yep, they issued unfathomable debt. This pleases the politicians. Well connected cronies are thrilled. Individual recipients of the funny money are certainly pleased. Too bad our future generations have to pay these debts. Or do they?
Both of these above charts are from “Your US Dollar Ain’t Worth a plug Nickel”. I’m not quite old enough to know what a ‘plug nickel’ is but the illustration gives a strong hint.
The more debt (money) these central planners issue the more they cream off the top. Debt is to the non-Federal non-Reserve as chicken is to KFC. One franchise is just an order of magnitude, more elite than the other.
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