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Thursday, December 17, 2020 6:39:07 PM
The Fed liquidity ends up widening the gulf between the rich and poor. We've long passed the point of no return when it comes to paying off the national debt. Soon it will be impossible to pay interest on it. That means taxes have to be raised. Those taxes take away earnings from workers and causes deflation. They count on that counteracting force to keep inflation in check. It really is a disgusting and immoral system of money that rewards cronies at the top and impoverishes everyone else.
How long can they keep it going? A lot longer than I ever thought. G. Edward Griffin, when he wrote his landmark book, "The Creature at Jekyll Island," thought the dollar would soon meet its demise during the 1980s. Thirty years later, the Fed system is still going. That's because the dollar IS still king. "King Dollar," as Larry Kudlow likes to call it. Everything is measured in terms of the buck. Bitcoin, gold, silver, other currencies--people need the dollar to determine what that stuff is 'worth.' Gold and silver may be real money, but it can't be spent until converted into dollars.
The dollar might be around a while longer, but if they make it digital and take away our paper...well, then it's game over. The Fed and the Billionairaucrats will rule as lords and everyone else will be their serfs.
A nation of sheep will beget a government of wolves. — Edward R. Murrow
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