Our totally unbacked, printed money, controlled by the central planners at the Federal Reserve, is the absolute cause.
Why? Because fake printed money and fake interest rates always benefit the first handlers of money, large asset holders, and above all, the government.
We have created, whether on purpose or by mistake, a reverse wealth machine - where the labor, wages and savings of the average American are steadily and silently sucked off by government and its approved cronies in finance and elsewhere.
put away the tinfoil
“Our totally unbacked, printed money, controlled by the central planners at the Federal Reserve, is the absolute cause.”
Why isn’t the Congress, who approves these never ending budget deficits, the ‘absolute cause’? If the Feds balanced the budget (or close to it), there would be no need to print, correct?
The Congress didn’t have to listen to Henry Paulson’s BS in 2008 about the need to bail out the banks, foreign and domestic, did they?
The Federal Reserve is not an independent entity. Hasn’t been since the Martin days (with the possible exception of Volker). They take their marching orders from the Treasury, and the Treasury takes it’s direction from the President.
The President should be subject to the Constitution, and thereby the Congress and We the People.
The blame lies squarely with the Congress.