While I applaud his honesty it's just the same stupid notion that Marxist central banking hasn't been implemented correctly. This time my team will get it right. Abolishing the fed is the only solution.
Yes I agree the evidence of breakage is everywhere, and frankly has been for I don’t know how long. I’m in my 60’s and remember when janitors could support their families on one income. We all have been chasing more and more of these depreciating dollars.
Where I'm at in California is particularly insane. A house that a average person could buy on one income in the 1960's - basically the exact same house - is now around $1 million.
Volker had wiggle room. He could tighten then ease. The money supply must increase exponentially, and it is, 400 billion in two weeks, easing. All the while the FED is maintaining his tightening posture, inflation fasad. Something is going to break. The people will realize the “paper” is worthless.
Disconnecting the coins from silver in 1964 convinced de Gaulle to redeem France's dollars for gold. This led to military airlifts of gold to London until some smart feller (fart smeller) found out they could break the weighing floor at Rothschild's and close gold redemptions. This worked for two weeks. Then Zurich opened a redemption centre. Immediately the weighing floor in London was back in business. lol
The final disconnect of dollars and gold came in 1971. Wealth inequality and the evisceration of America's middle class has accelerated since then. So LBJ and Nixon gave power to the Fed to screw the 99%. #EndTheFed
They are this stupid. And don't call me "surely." lol
While I applaud his honesty it's just the same stupid notion that Marxist central banking hasn't been implemented correctly. This time my team will get it right. Abolishing the fed is the only solution.
I was known for my End the Fed campaign.
You still are. #EndTheFed
A great big fat reset
Amen
Yes I agree the evidence of breakage is everywhere, and frankly has been for I don’t know how long. I’m in my 60’s and remember when janitors could support their families on one income. We all have been chasing more and more of these depreciating dollars.
Where I'm at in California is particularly insane. A house that a average person could buy on one income in the 1960's - basically the exact same house - is now around $1 million.
Volker had wiggle room. He could tighten then ease. The money supply must increase exponentially, and it is, 400 billion in two weeks, easing. All the while the FED is maintaining his tightening posture, inflation fasad. Something is going to break. The people will realize the “paper” is worthless.
For me, someting already broke, for many years now. The American middle-class.
Disconnecting the coins from silver in 1964 convinced de Gaulle to redeem France's dollars for gold. This led to military airlifts of gold to London until some smart feller (fart smeller) found out they could break the weighing floor at Rothschild's and close gold redemptions. This worked for two weeks. Then Zurich opened a redemption centre. Immediately the weighing floor in London was back in business. lol
The final disconnect of dollars and gold came in 1971. Wealth inequality and the evisceration of America's middle class has accelerated since then. So LBJ and Nixon gave power to the Fed to screw the 99%. #EndTheFed