Why is Our Monetary System Crashing?

…or How the Federal Reserve is Confiscating the Wealth of America Right Before Our Eyes.

The economic and monetary systems of the world are crashing. It started in 1971 when Nixon took the U. S. off the gold standard. There have been several severe stock market crashes and recessions since then, most notably in 2007 – 2008 when it almost crashed to the ground. The system was temporarily saved by essentially printing huge quantities of money and giving it to the banks so they could save themselves, and hoping that this would save the rest of the economy. It hasn’t worked. It has had the effect of being a massive transfer of wealth from the middle class workers to the 0.1% wealthy elite. The average Joe can’t put his finger on how they are doing it, but he knows things aren’t right, that he is always worse off this year than last, and that things are starting to spin out of control.

First, it was Obama’s $800 billion stimulus package to bail out the banks–a gift to the well-connected. $100 billion in tax rebates ($600 per capita) to try to get you to spend money to get the economy moving. All kinds of “shovel ready” jobs to benefit favored construction companies. TARP (Troubled Assets Relief Program), bailouts of Citigroup, Bank of America, AIG, Fannie Mae and Freddie Mac, GM, Chrysler,  “cash for clunkers” and other money give-aways. This is also known as Quantitative Easing 1 (QE1 2007 – 2010).

Next, a series of additional theft “programs” to make the rich richer: Quantitative Easing 2 (QE2 2010 – 2011); Operation Twist (2011 – 2012); QE3 (2012 – 2014).

All of these programs are legalized theft to the tune of greater than $7 TRILLION, perpetrated by the Federal Reserve but enabled by our own government.

What is this all about, you may ask? It is about destroying the American currency, and with it the American economy, and replacing it with an new digital “global currency”, a cashless system in which access to the digital money in your account can be shut off if you don’t behave properly.

Here is a link to an excellent audio presentation explaining how QE works to steal our wealth in plain sight

What is TARP and Quanitative Easing?

Future posts will take a look at the War On Cash and Negative Interest Rates–which will be  coming to a bank near you!