Speaking of demand. In one year California’s population increased by 540,000 people! This figure may not even measure the illegal population increase. Who is allowing this demand? A private central bank creates money in excess of productivity, while a corporate-controlled government allows excess demand via lax immigration policies, and a "gag rule" allowing a third-world birth rate to produce growth-to-ruin and environmental chaos.
Again, amidst this ruinous scenario, the survival trick for the money-trust cartel and "bond market" oligarchy owning our central bank is to blame labor for inflation, and every other economic ailment, as an excuse to change interest rates, thereby producing more profit opportunites for Fed-owning bond dealers.
So capital and the Fed are blameless, and it is always labor’s meagerly rising wages and never skyrocketing management pay. In fact, until recently, most wage-earners were simply getting back to where they were ten years ago. This was recovery, not inflation. Nevertheless, any average wage increase causes alarm at the Fed, even as they continue to print money and allow bankers to make the most capricious and piratical of loans... which they figure a capital-fed Congress will force taxpayers to ultimately guarantee.
Clearly, the way real robbery occurs today is thru this "Fed" process and via top-level management pay and stock options arrangements, currency raids, merger and hedge fund deals, and foreign loan bailouts for the "too big to fail" crowd. Without public scrutiny and participation in the type and amount of loans made by big banks there is nothing to stop them from creating as much interest bearing debt as possible. The uses to which the money is put are irrelevant to the interest-profit seekers and private-cartel owners of our central bank – and that is precisely why we have financial pain, chaos, crises, and bailouts for bankers... again and again and again until our public debt interest cost buries us.
We, the public, are too small to win. Indeed, no losses of the average man and woman are covered in these recurring debt-money scandals. Instead, we are handed the tax bill and watch as our equities and currency decline, and foreign state capital funds of totalitarian capitalist nations come to own more of our lands, businesses, and freedom. On top of this rape, we are handed either rate increases, or worth-less money, or both by the banking oligarchy owning and running "our" costly monetary and trade policy.
In this way we, the people, are forced to eat rate increases for an inflation we did not create, while no excess profits tax or any surtax on exhorbitant management wages emerge. The rich and powerful make out like the un-audited bandits they are, in a world in which we only arbitrage (read screw) labor, not capital.
In any case, since 1913, no real control of the people over their own constitutional "purse powers" enables the vast majority to see that their money media only increases at a rate matching that of productivity – as monetarist, Milton Friedman, suggested decades ago. Nor do we have the freedom to create a treasury-direct funding of interest-free money for necessary infrastructure.
We are "purse power" prisoners while bankers freely create money for whatever they damn please, and in any "out-of-thin-air" interest-bearing amounts they want. They are in the interest business, the more debt the better, the more loans, the more profits. Who cares what they are for? They will get you taxpayer chumps to cover the bad loans. In practice, they never lose... and we never win.
In short, the very idea of bankers owning the Federal Reserve is clearly the biggest conflict of interest in the world and, as a result, the most criminal of institutions - as both our history and recent events prove in spades. When we, the people, in our fifty states, do not own our own central bank and constitutional money powers there is usury, neo-slavery, and the most predatory of loans for private profit and not public purpose.
Clearly, our Founding Fathers were not idiots and, having understood the predatory nature of the ruling elite’s "Bank Of England" scam, they gave to Congress, the popular body, the purse powers for this very reason. Unfortunately, it took a corrupt and inept bunch of legislators in 1913 to foist this phony "Fed" plan upon us... and we’ve paid dearly ever since.
It is truly amazing today how many otherwise intelligent people still fall for the classic ruling-class "independent" ruse, and remain ignorant of our banking history. Hell, if central bank "independence" is so great why don’t we go all the way and make Congress "independent" of the people, skip democracy, and have a King – aka Greenspan, Goldman Sachs, Bernanke, or Dick Cheney?
In fact, with corporate media and private financing of elections, we’re already there and the bond-dealer owners of the Fed, as "masters of the universe," control our lives... with their money. When will we get the guts and the smarts to take it back?
Kent Welton,
PublicCentralBank.com
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