In summary, what the bankers do under the unspoken mandate of their 3 million masters in the "power elite," is this: every time a savvy techie invents a new computer or writes a new program that enables society to make more, better products using fewer resources, the bankers print up just enough fiat currency to neutralize the excess production. In other words, they increase the money supply -- they "inflate" it -- as the product supply increases. This DOES keep prices "stable," but it also destroys the purchasing power of the dollar and enables a class of people -- the 1-Percenters -- who accrue unjust enrichment.
Exactly How Do the Banksters Screw Us?
The 1-Percenters are able to do this because they have suckered the public into a belief that's simply not true. This belief, this meme, says that "you have to increase the money supply commensurate with the increase in the product supply in order to maintain price stability." There's that word again -- "stability" -- the stated mission of the Federal Reserve System: "to maintain the STABILITY of the financial system ...." But here's the problem.
When the banking elite prints up the new money "justified" by their "do-gooder" claim of maintaining price "stability," WHO gets to use the new currency first? Well, here's who: the people who are physically closest to the U.S. Treasury in Washington AND who have a high in priority in the government's budget. And who is this? Obviously it's the immediate employees of the government -- the president, the congress, the supreme court (and their tens of thousands of staffs and assistants) -- but also everyone in the pentagon AND all the (multi)national corporations that the pentagon contracts to manufacture and maintain its weapons and multi-trillion dollar infrastructure. So, all of THESE people, as well as the corporations that rely on them get use of the newly-printed Federal Reserve Notes right as they come off the press. This -- and through inherited wealth -- is where most of the 1-Percenters are spawned.
Then what happens?
As all this new fiat currency floods into the 1-Percenters' coffers -- this "power elite" -- goes out and buys new wardrobes, new cars, new furniture, new houses, new boats, new jets, new islands, and $22 trillion worth of assets. Many of them also take the "easy money" and dump it into derivative-driven hedge funds. This is where most of the wealth is actually held, in the securities markets of Wall Street and this is why the stock market is booming while 83% of the nation is starving.
And no matter what the government-connected, 1-Percenters spend their fiat currency on they get these items at PRE-inflation prices. Why? Because, as their money floods through the economy, it drives the cost of all products and services up. This is because, as the newly-printed fiat currency goes into circulation, it is so plentiful, it devalues the purchasing power of all the previous currency in circulation. More money chasing fewer products drives the value of each dollar down, thus it requites MORE of them to buy any given product.
This is your "quantitative easing" at work -- a new term developed by the 1-Percenters' PR firms to obfuscate their crimes. But no matter what terms you invent, it ultimately means that it takes WE THE PEOPLE more Federal Reserve Notes to buy OUR wardrobes, new cars, new furniture, new houses, new boats, new jets and new islands, et cetera. So WE lose out to the 1-Percenters' as they issue loans, print money and get first-call ON that newly printed currency. The premium we must pay in order to enjoy the same standard of living as these elites operates like a TAX. This is why inflation is a hidden tax and this why THEY LIVE high on the hog while 83% get only $9 trillion of the $54 trillion national wealth.(2)
Next Page 1 | 2 | 3 | 4 | 5 | 6
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
2
2
2
