Inflation Finally Rears Its Head Video
UViewNews1 hour ago
Three pillars of sand our economic system is built on:
1.Federal Reserve Bank
3.Fractional Reserve Banking
The Federal Reserve tries to regulate the economy. Their mandates are maximum employment, stable prices, and moderate long-term interest rates.
The Federal Reserve creates money and or makes money inexpensive by manipulating interest rates lower. Rarely manipulating rates higher. This is inflation. Prices go up and real wages go down.
The Federal Reserve creates bubbles and crashes by pushing interest rates too low or too high for too short or too long of time.
Who regulates the regulators at the Federal Reserve to keep the people safe from it and its mistakes? The only real regulator possible is the free market.
With the Federal Reserve in place the market becomes the judge of the Federal Reserve decisions, rather than the regulator.
The Federal Reserve in essence aids debtors and punishes savers. A depreciating dollar aids debtors and harms savers. An appreciating dollar aids savers and harms debtors.
If you start giving an economy fish (easing Federal Reserve monetary policy, excessive federal government spending; deficit, national debt), the economy starts fishing less and starts dining more. Temporary misallocated (Keynesian stimulated) employment increases and growth of sustainable production employment decreases.
Abolish the Federal Reserve, the FDIC and all bank regulations except one; require full disclosure on full or fractional reserve backing of deposits. Treat gold, silver and cryptocurrencies as legal tender (not as an asset) for tax purposes.
If you are concerned about the growing income inequality gap, if you are against war, against the military–industrial complex, against mega-mergers of companies and against invisible taxation, then you are against the Federal Reserve.
The Fed is a like a shepherd and investors are the sheep. The Fed tends their flock of investors, fattens them up and then slaughters them.