With actions that continually devalue the purchasing power for everyone in the country, and fuel more problems in the long run for the economy, those at the Federal Reserve insist that they are doing all that they can to help the average American.
Some say that the fed has run out of ammunition, meanwhile others have asserted that they still have plenty of resources at their disposal to combat the problems right now and bring back confidence to the market. But do they?
One Fed president has insisted that they are acting aggressively to combat the virus. Those with the Federal Reserve claim that the fundamentals are strong, but how strong can they be when they are masked with trillions in debt?
Fast forward to the new $2+ trillion stimulus bill that is looking to become finalized rather quickly, with a vote coming on Friday.
Unfortunately though, we cannot inflate our way out of a problem.
The Federal Reserve and its members want to insist that they are working hard to support the American people, but I would argue that they are working harder to screw them over, on top of the damage that they've already inflicted.
The Fed works against the personal interests of the people, in that it is a blatant insult to the concept of sound money and the system in and of itself erodes any semblance of sound money, with the introduction of continually worthless fiat currency and unjust stimulus packages and bailouts.
The Fed is not any savior and the more that we pretend that it is, the worse the economic crisis could potentially grow.
I've been waiting patiently for the dollar to collapse for decades
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Really! That might be basically too extreme. The dollar can't collapse because the government are quite aware of what they are doing. They know when to back the dollar and when to withdraw
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house of cards
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@tipu curate 2
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Upvoted 👌 (Mana: 0/24 - need recharge?)
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Reminds me of the creature from Jekyll Island. I sure wish we could End the Fed. Sadly they are gaining power. Coronavirus is bringing in national socialism in America. They want the dollar devalued to usher in a global currency.
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I found the Cure, for the Global Fiat Money Virus Pandemic...
Sound Money is the Cure for the Fiat Money Virus...
All forms of Sound Money, will be backed 100% by Gold and Silver...
Just so you know...
March 26, 202o... 19.5 Hollywood Time...
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UBI will usher in a new slave society - and the lobotomized sheep are gleeful (sighs)
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