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How to Stick It to Your Banker, the Federal Reserve, and the Whole Doggone Fiat Money System

How to Stick It to Your Banker, the Federal Reserve, and the Whole Doggone Fiat Money System

by MN Gordon

Economic Prism

Bernanke Redux

Somehow, former Federal Reserve Chairman Ben Bernanke found time from his busy hedge fund advisory duties last week to tell his ex-employer how to do its job.  Namely, he recommended to his former cohorts at the Fed how much they should reduce the Fed’s balance sheet by.  In other words, he told them how to go about cleaning up his mess.

We couldn’t recall the last time we’d seen or heard from Bernanke.  But soon it all came back to us.  There he was, in the flesh, babbling on (Read More....)

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Crimes Of The Federal Reserve And Congress

***The following is a guest post for The Debt by Olde Reb***

The headlines screamed that we needed to increase the National Debt to prevent an economic collapse. Wait a minute. Is that the whole story?

Much is said of how the increase of the National Debt ceiling is inflationary, and it surely is. But the gain by the United States government is only temporary. The real profit goes to the Federal Reserve and Wall Street but that profit is hidden from Congress and the public.

There are two conceivable ways the National Debt can be financed. The manner projected in the mass media and by government is that the government borrows from the public. If this was the entirety of borrowing, there would be no inflation. The Fed could handle the transactions as a broker and receive commissions. The money transfer is the same as the payment of taxes but the government would promise to pay interest on the funds. Inflation by this method of financing is not possible.

The second method is to (Read More....)

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