This Is Not An Accident!
It Is Policy.
Perhaps many more will respond when wealthy investors discuss the dangers inherent in the international monetary system (IMS). Because my wish is for mass awareness be amplified worldwide.
Put more bluntly: approximately 90% of U.S. citizens have been financially and economically tossed under the bus simply so that the already-rich could get a little richer. If that’s not a form of terrorism, I don’t know what is. –Chris Martenson
Yesterday Peak Prosperity published “The Worst Threat We Face Is Right Here At Home“, a commentary by Chris Martenson centered on the Federal Reserve, central bank for the U.S. government. But, you should consider the IMS and all its central banks and bank funded corporate institutions in the same critique.
A Great Irony
The ironic parody of all the current U.S. concern over the possibility of Russian meddling in U.S. elections is that virtually nobody from either political party seems the slightest bit concerned that the U.S. is actually recreating the very worst mistakes of the now-defunct Soviet empire.
In point of fact, the Federal Reserve has done far more self-inflicted harm to long-term U.S. interests than anything that Russia has been accused of, let alone been proven to have done. At this point, there’s no contest between the two.
If the damage inflicted by the Federal Reserve had been done by a terrorist organization, it would for certain be public enemy #1.
Consider that, under the Greenspan/Bernanke/Yellen Federal Reserve, the following has occurred:
- Pension plans, both public and private have been ruined. Millions of future retirees and taxpayers will not have trillions of dollars they would and should otherwise have to support them in their later years.
- Income inequality is at the highest its been in over 100 years
- Wealth inequality is also at historical extremes
- Student debt is now nearly $1.5 trillion, up ~ $1 trillion since 2007
- More than a trillion dollars of interest payments on savings accounts has been forfeited — denying funds to the next generation for use in business creation, household formation, and education.
- Total debt in the US and globally is up massively since the 2008 Great Recession (itself a central banking accident), and now stands at more than $233 trillion worldwide.
These are among a few of the destructive results of the Federal Reserve’s decision to lower interest rates to 0% in order to reward the big banks, well connected private equity firms, and unrestrained government borrowing.
Of course, when you print money (as the Fed does) you cannot create wealth; you only transfer it from one party to another.
Put another way, the Federal Reserve and its foreign partners (the BoJ, ECB, etc.) have been picking winners and losers.
Title: Peak Prosperity News Update 2-16-2018
Posted 16 Feb 2018 by ChrisMartensondotcom