Do you have a co-worker who can’t stop telling you that the world is falling apart due to the existence of the Federal Reserve Board?
Well, I do. And guess what? He is right!
You can read why from Christopher Leonard, the author of The Lords of Easy Money below in his interview with Matt Taibbi.
This is a story that would never be believed if it weren’t true. Think about it.
Back in 2008 the American banking sector was rotten to the core. The finance industry was so desperate to pad their profits that virtually anyone could get a loan. No questions asked.
And then the chickens came home to roost. First, Lehman Bros. went belly up. Then Bear Sterns. Right on down the line. You remember those dark days.
Enter the Fed’s Ben Bernanke, a kind of modern day Genie for the super rich.
And what did the .1% wish for? Endless Money!
Mr. Bernanke gave it to them.
It was ingeniously packaged with a truly diabolical name:
Quantitative easing. It took people years to figure out the meaning.
Zero percent interest rates.
For the super rich, it meant free money. We are talking trillions and trillions.
The result?
Asset Inflation.
Translation:
The super rich got super, super rich on the stock market and real estate.
America’s richest three men now have more money than its poorest 100 million!!!
So hey US! You want to get back some of that democracy shine?
Get rid of The Fed!
Replace it with The Citizen’s Reserve Board.
Start putting money into the hands of the rest of society.