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Tuesday, November 29, 2016

To Really ‘Make America Great Again,’ End the Fed!

The problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank

Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve’s easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White House. Mr. Fisher is certainly correct that the Fed’s policies have “skewered” the middle class. However, the problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank.

Federal Reserve-generated increases in money supply cause economic inequality. This is because, when the Fed acts to increase the money supply, well-to-do investors and other crony capitalists are the first recipients of the new money. These economic elites enjoy an increase in purchasing power before the Fed’s inflationary policies lead to mass price increases. This gives them a boost in their standard of living.

By the time the increased money supply trickles down to middle- and working-class Americans, the economy is already beset by inflation. So most average Americans see their standard of living decline as a result of Fed-engendered money supply increases.

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3 comments:

Anonymous said...

The Amendement for the Fed was possibly never ratified so this could be achieved easier than most people realize. While a provocative move, is it one Trump would dare to tread? Kennedy attempted to do this and we all saw how that worked out. 🤔

Anonymous said...

Exactly 6:34 he will be up against the global cabal of evil. But it is true it must go

Anonymous said...

Thank you for publishing this article.

This is the most important TOPIC in our Country.
The Fed is evil and thoroughly corrupt.