Central Banks are used for economic warfare against the working class by utilizing debt based money and infinite credit creation backed by fractional reserves
Central banks have the power to create, lend and accumulate interest on "credit," and then re-lend that interest for further interest, in perpetuity, that creates pervasive, worldwide debt, from the individual, to the family, to the entire state
Today marks the 110th anniversary of the Federal Reserve Act being signed into law by US president Woodrow Wilson
This law created the Federal Reserve System, the central banking system of the United States
The dollar functions as a payment network, with all banks serving as nodes. The Federal Reserve wields the authority to revoke a bank's license, excluding it from the FEDwire Network. Additionally, it possesses the power to freeze an individual's account
The dollar isn't just a piece of paper,
It's a network where the Fed and Treasury are sysadmins
Anything held by a DC-regulated financial institution is subject to freeze and seize. Not just currency, anything in that network
People I know call me crazy but I don't buy equities anymore. All my economic resources go into cryptocurrency and blockchain besides a sliver into commodities such as Gold/Silver. I'm never turning back either. This is the future, and self custody is guaranteed
The much more accurate and less manipulated Household survey shows employment collapsed by 348K, the biggest drop since the Covid shutdown.
It's almost certain the US is already in recession.
"The truth is that the government cannot give if it does not take from somebody... It is not in the power of the government to make everybody more prosperous." - Ludwig von Mises
A bond market collapse is detrimental as it can disrupt the broader economy, cause substantial financial losses, and erode confidence in the financial system
Banks will go under. If the institutions with your money fail, there will be chaos and an entire new wave of poverty
$2.3T of US Government Debt in only 4 months of time
The Debt Economy, fueled by forever wars, Pharmaceutical addictions, and people unwilling or unaware to opt-out for an alternative system