In modern time, money is the lifeblood of society, as such central bank which control the money of a society, if not owned by nominal government, is actuality our shadow government. This is especially true in United States, Federal Reserve, which although has a name with “Federal” (thus misunderstood by many people thinking FED is an agency of the U>S Government, legally is is NOT), is privately owned. United States government (the three branches) get its funding from public taxes and by issuing treasury bonds. The fact is: our government borrows from bankers to be repaid by an unwitting third party called “we the people”. This money borrowed by government is then sliced an diced and sold as Treasury Bonds and Bills. – Yes, ALL our money – currency and credit – has been borrowed from the banks of the Federal Reserve, privatized central bank. And because U.S dollar is the reserved currency, Federal Reserve thus control all the money of the world.
Federal Reserve is root cause of inflation, because of its printing money policies. And because US dollar’s reserve currency’s function in world economy, Federal Reserve cause the inflation of the whole world. Food shortage is another side effect of Fed inflation inducing behavior. The world is facing the largest crisis of food shortages. We all have noticed higher food price in grocery stores, not to mention many countries around the world, who does not have control of planting seed, and having have to importing rice, have to pay higher price of the food imports, and thus is threaten by starvation. Not to mention the ever dragging wars making food more scarce – Ukraine, which is a major agriculture exporter is now deep entrenched in war and thus not able to provide food productions. Russia, another agriculture exporter, is being sanctioned. South Africa, yet another agriculture exporter, had record flooding, ensuring less agriculture outputs. Extremely weather condition had made less agriculture output in India and United States as well.
The constant war and economic sanctions of Russia making energy even more expensive. Many oil fields are exhausting its deposits. Federal Reserve’s helicopter money supply did not went into productivity producing and long term well-being of the world, rather it cause mammoth income disparity and social unrest. All the symptom of imbalance and evil producing.
The problem with Federal Reserve operation is rent seeking – trying to get money without giving in return. Trying to get people to pay you money without you having to do anything for them. Tremendous Power and entitlements without obligation. So many resources mis-managment, so many mis-allocation of capital and assets.
Professor Michael Sandel from Harvard University argues that, the super riches are wrong in believing that their success is the doing of the successful, and therefore they deserve that material rewards that flow their way. Their delusion that their success is their own doing it, they their successful are self-made and self-sufficient, therefore they own little if anything to those who struggle, because those who struggle have no one to blame but themselves. Part of what makes this a kind of tyranny is that meritocracy is corrosive of the common good, it is corrosive of any sense of mutual responsibility for our fellow citizens and that include the responsibility of those who have flourished in the global economy to share their wealth and good fortune with those who have struggle, who struggled in large part because of the configuration of the economy, and so the redistribution of the winnings or rather the sharing of the winnings with everyone, with the entire society, is precisely a part of the politics of the common good. Resources of solidarity and shared citizenship, and mutual responsibility that are obstructed in so far as we are in the grip of the self-image that is is all our own doing.
Buddhist teaching of interdependence can further illuminate to those delusion: just like flower need fertilizer, sun light, water, ect. conditions to flourish, same of those who claimed they are self-made successful.
FED banking mechanism of fractional banking is a huge problem that need to address now, the fiat monetary system is stealing money from those who lived within their means, steal money from in the real sense from the world. If U.S does not have the ability to take care of the world, it is illegal (does not have the entitlement ) to print money to loot the world. Or put it in anyway, U.S dollar does not have the entitlement to be world currency. We should go back to gold standard. Gold payment will never have the risk of default, you either have it or not, can not be inflate by fiat currency。Savage banking should be removed. “野蛮的遗迹”仍受全球央行追捧？！ Jeffrey Sachs Last WARNING.
Professor Wolf is one of the conscience intellectual who devote his service and dedication to teaching people of the truth. Dr. Richard Wolff On The Top Lies Propping Up Capitalism. Isn’t it a discouraging thought that in America, of all places, there are many little potential Einsteins, Picassos, Sagans, and Mozarts that are falling by the wayside because of economic inequities CREATED by the “Land of the free and the home of the brave”? Compare those economic orphans to the trust fund babies that now occupy Wall street and Capitol Hill! We are almost half-way to the Palace of Versailles. Anyone who could afford – or who had to borrow their asses off to get an “education” – will understand that comment. If we, as a nation, were truly as wonderful as we SAY we are, wouldn’t WE be a special thing? What America actually HAS become is another beast altogether. We know the right things to think. We know the right things to say. We know the right things to do. We just don’t do them. America is NOT the land of the free. America is NOT the home of the brave. America has become the land of the rich and powerful.