OK name-caller. its time to tell the world what you believe. And tell me how a fiat, unbacked currency, Fed manipulated interest rates, and $19 Trillion in government debt doesn't favor the progressive nanny state in Washington, those closest to it, and its huge number of government dependents.
But if the claim that "Our totally unbacked, printed money, controlled by the central planners at the Federal Reserve, is the absolute cause" had any merit that wouldn't have happened, despite the ardent belief of a small segment of kooks that the Fed is a hotbed of James Bond level villainy.
The $19 trillion of national debt that you cite is entirely the responsibility of Congress, not the Fed. Evidently you don't know who votes on the debt limit, and who has the power to order the Treasury to sell bonds.
The "fiat, unbacked currency" is the result of Nixon abandoning the Bretton Woods Agreement, not the Fed. Evidently you failed to hear that the Fed operated under the gold standard when it was in effect, and that they had exactly no vote on ending it. It wasn't their call.
Moreover the Fed is a central bank, they aren't "central planners"- that's more kook talk. They have some control over monetary policy and the ability of the banking system to expand and contract credit. But as we saw back in the 1970s the bond vigilantes of the private sector have more firepower than the Fed when they act in concert. Not the sort of stuff that the kook sector pays attention to but then facts are stubborn things and it really happened
Manipulating interest rates, at least on the very short term, is indeed something that the Fed can do. So amazingly you managed to get one claim right. Good work.