As if the actions of the Fed won’t produce the same results, magnified by the exponential exposure created by our never-ending “quantitative easing”?
If every administration since Clinton hadn’t spent every waking moment consolidating economic and political power into a monolithic oligarchy, maybe we wouldn’t have ended up in this situation. National banks have been a hazard since their inception. Before you start screaming about lack of capital, consider how that capital has increased over the past couple decades and tell me how the growth was reasonable.
There is no rationale that can account for the asymptotic growth that has occurred over this period. The accumulated debt during this period dwarfs the entire output of capital for the rest of human history. Oh yes, we are better off since the Fed has ensured complete economic collapse.
Palliatives are so much easier to swallow. Biting a bullet is a hard—so what if the patient may have lived. Suicide is painless, it brings on many changes...
Debt is greater than the money in existence, and printing money is going to fix that.