The Emerging Global Fed
(Editor’s Note: The Federal Reserve is a bought and paid for group of stooges that act as a tool of the most evil individuals to ever inhabit the Earth. Bob Chapman and I agree, the evil individuals are the illuminati. The illuminati is made up, exclusively, of devil worshipers. If you are not aware of that fact, it is because you are a lazy putz who has not done your homework. They already control the banking system and all facets of our government and, If not stopped, they will become the slave masters of your children and your children’s children. The world is full of morons that want to burn Korans (or Bibles). How about a campaign to burn central bankers? – JSB)
The Federal Reserve has been a nightmare for the American people. It inflates the money supply, thereby devaluing already-existing money and placing a massive hidden tax on the people via rising prices. It also uses its monopoly power to cause interest rates to go up or down, usurping the rightful place of the market and causing massive malinvestment and generally an improper and unproductive allocation of resources.
The Fed also causes the boom-and-bust cycle through its manipulations of the currency and credit supply. It serves as the government’s partner in perpetually expanding the “welfare-warfare state,” allowing the state to spend far more than it could ever hope to reasonably raise through direct taxation. And of course, the fact that all Federal Reserve notes enter the economy as debt with interest attached (but never created) has led to a situation where it is literally mathematically impossible to pay off the debt. In sum, the consequences of such a system have been disastrous for average Americans – hence the growing calls to audit and even end the Fed.
But now, imagine such a system at the global level. And it isn’t just a mental exercise; the global central bank is already emerging. As bad as the Fed has been for America – and indeed the world – a similar system at the international level would be far worse. Disaster might even be an understatement.
International Liquidity and Inflation