Many seem to be unaware that the Fed is rapidly debasing the dollar again, they just aren't calling it QE this time. Don't be bamboozled by manipulative name changes, it is all monetary debasement; over the last 12 months around $390 billion of new money conjured out of thin air via nothing more than accounting entries.
Durable tangible assets offer refuge from inevitable consequences in the years ahead for those who act before the masses panic in unison.
The problem is really not the Fed. It's Congress and the Executive Branch that spend. The tools the Fed uses are certainly questionable. However, the sources of monetary issues are always politicians.
With monetary debasement the root cause really doesn't matter. If 10% of the population could log on to their bank accounts and legally add zeros to the end of their balance the impact on everyone else would be the same. Debasement dilutes the value of the currency. If that weren't true we could just let everyone add zeros and go on perpetual vacation.
And there is another problem, debasement causes confidence in the currency to fall; not infrequently dramatically at some point with the level of fiscal recklessness we are witnessing now. That is when price inflation really rages. We haven't reached that point with the US dollar yet, but we clearly will.
There’s a famous quote by the great Henry Ford, who said “isolate the top 50 wealthiest Jews and all wars will cease”
There is a ring of truth to that as the money lenders have fanned the flames of conflict, funded both sides and manipulated markets to create conditions ideal for war.
It is my opinion that the Bank for International Settlements in Basel, Switzerland, and all of the central banks are responsible for all of the chaos, drug dealing, wars and premature death in the world. The owners of those banks fund both sides of every war, and cause multigenerational DEBT ENSLAVEMENT. All politicians using deficit spending are financially supporting the life styles of the miscreants abusing the tax payers for decades and centuries after the fact. An ongoing criminal enterprise described as Public/Private/Partnerships is the scourge of the (so-called) free world. Indeed, John Leake, most folks would have no stomach for war if they were taught this basic FACT. Politicians using deficit financing are serving their masters, the owners of the central banking system, worldwide, not the citizen or the tax payer. Our children and grandchildren are being sold into slavery.
“With US government debt now standing at $40.56 trillion, the BS wars against Russia and Iran simply wouldn’t have happened if Uncle Sam had been obliged to ask the US taxpayer to dig deep to pay for them. It’s easy to get excited about wars when you and your kids don’t have fight them, and the costs aren’t tacked onto your annual tax bill.”
Exactly. Not to mention that both wars are fear-propaganda driven wars of aggression that have nothing to do with actual evidence or actual threats against the United States. Bonhoeffer and Dunning-Kruger described the mindset of the people who succumb to the mass psychosis (including the 79 year old boomers infesting Leake’s threads).
William of Orange was financed by Sephardic jews from Amsterdam. Today, the western banking system is controlled by the jewish House of Rothschild. Paul Warburg & Jacob Schiff worked for them.
Yes all wars are bankers wars. And the creation of the bank of England in 1694 was a huge enabler of Britain funding its empire. Now most of the world is on this fractional reserve banking system. Completely criminal. The power to create money and charge interest on nothing real.
Congress had no authority to divest itself from its Constitutional ordained role to coin and regulate the value of money. The Fed is an abject failure. A person only needs to compare the cost of a loaf of bread when the Fed became a reality to the cost of bread today.
The country is in bankruptcy. Has been since 1868/9. The trustees in bankruptcy agree and manage the wars as a ll the other countries are also in bankruptcy and unable to in cur debt without the approval of their trustees in bankruptcy ie the international bankers . Remember we are run under a debt system not a money system , building debt while bankrupt is both illegal and fraudulent all those signing for he wars are therefore acting criminally and all those enabling this criminal behaviour by offereing unlimited credit ie debt are also criminally guilty on many fronts.
Whenever a politician promises you ‘no more foreign wars’, be watching for the next foreign war to start at any moment
Yes. I was thinking about Smedley Butler and his book War is a Racket this morning! Thank you for your insights and great work, John.
You may appreciate this piece and why we should stop thanking vets for “their service” — in it I mention General Smedley as well: https://unorthodoxy.substack.com/p/stop-thanking-veterans-for-their
Many seem to be unaware that the Fed is rapidly debasing the dollar again, they just aren't calling it QE this time. Don't be bamboozled by manipulative name changes, it is all monetary debasement; over the last 12 months around $390 billion of new money conjured out of thin air via nothing more than accounting entries.
Durable tangible assets offer refuge from inevitable consequences in the years ahead for those who act before the masses panic in unison.
The problem is really not the Fed. It's Congress and the Executive Branch that spend. The tools the Fed uses are certainly questionable. However, the sources of monetary issues are always politicians.
With monetary debasement the root cause really doesn't matter. If 10% of the population could log on to their bank accounts and legally add zeros to the end of their balance the impact on everyone else would be the same. Debasement dilutes the value of the currency. If that weren't true we could just let everyone add zeros and go on perpetual vacation.
And there is another problem, debasement causes confidence in the currency to fall; not infrequently dramatically at some point with the level of fiscal recklessness we are witnessing now. That is when price inflation really rages. We haven't reached that point with the US dollar yet, but we clearly will.
There’s a famous quote by the great Henry Ford, who said “isolate the top 50 wealthiest Jews and all wars will cease”
There is a ring of truth to that as the money lenders have fanned the flames of conflict, funded both sides and manipulated markets to create conditions ideal for war.
It is my opinion that the Bank for International Settlements in Basel, Switzerland, and all of the central banks are responsible for all of the chaos, drug dealing, wars and premature death in the world. The owners of those banks fund both sides of every war, and cause multigenerational DEBT ENSLAVEMENT. All politicians using deficit spending are financially supporting the life styles of the miscreants abusing the tax payers for decades and centuries after the fact. An ongoing criminal enterprise described as Public/Private/Partnerships is the scourge of the (so-called) free world. Indeed, John Leake, most folks would have no stomach for war if they were taught this basic FACT. Politicians using deficit financing are serving their masters, the owners of the central banking system, worldwide, not the citizen or the tax payer. Our children and grandchildren are being sold into slavery.
“With US government debt now standing at $40.56 trillion, the BS wars against Russia and Iran simply wouldn’t have happened if Uncle Sam had been obliged to ask the US taxpayer to dig deep to pay for them. It’s easy to get excited about wars when you and your kids don’t have fight them, and the costs aren’t tacked onto your annual tax bill.”
Exactly. Not to mention that both wars are fear-propaganda driven wars of aggression that have nothing to do with actual evidence or actual threats against the United States. Bonhoeffer and Dunning-Kruger described the mindset of the people who succumb to the mass psychosis (including the 79 year old boomers infesting Leake’s threads).
William of Orange was financed by Sephardic jews from Amsterdam. Today, the western banking system is controlled by the jewish House of Rothschild. Paul Warburg & Jacob Schiff worked for them.
Yes all wars are bankers wars. And the creation of the bank of England in 1694 was a huge enabler of Britain funding its empire. Now most of the world is on this fractional reserve banking system. Completely criminal. The power to create money and charge interest on nothing real.
Congress had no authority to divest itself from its Constitutional ordained role to coin and regulate the value of money. The Fed is an abject failure. A person only needs to compare the cost of a loaf of bread when the Fed became a reality to the cost of bread today.
... to it:
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War and the Fed
https://mises.org/library/war-and-fed
Mises Event ( War and the Fed )
Central Banking, Deposit Insurance, and Economic Decline: The Mises Circle in Manhattan
September 14, 2012 • The Metropolitan Club, New York City
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The script has been published at Zerohedge - here from the archive:
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It's No Coincidence The Century Of Total War Coincided With The Century Of Central Banking
http://web.archive.org/web/20191105090135/https://www.zerohedge.com/geopolitical/its-no-coincidence-century-total-war-coincided-century-central-banking
Nov. 1, 2019 - Via The Mises Institute
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On repeat until the system has been replaced.
RIP.
I agree with "... silence the guns at last, still the printing press." Thank you, John!
people have no enthusiasm for war but the predator class depend on war.
Well said, John. Very unfortunate and concerning situation.
My Remembrance illustration substack.com/@nemopix/note/c-384903273
The country is in bankruptcy. Has been since 1868/9. The trustees in bankruptcy agree and manage the wars as a ll the other countries are also in bankruptcy and unable to in cur debt without the approval of their trustees in bankruptcy ie the international bankers . Remember we are run under a debt system not a money system , building debt while bankrupt is both illegal and fraudulent all those signing for he wars are therefore acting criminally and all those enabling this criminal behaviour by offereing unlimited credit ie debt are also criminally guilty on many fronts.
It is unlikely that we would be a nation today with bank and international loan financing.