Within society, there exist various institutions; political, legal, religious, social classes, values, and specialized occupations. It is clear that these traditionalized structures significantly shape our perspectives and behavior. However, among these institutions, none are more misunderstood than the monetary system. Taking on religious proportions of unquestionable faith, the established monetary institution is often shrouded with uninteresting and complicated economics. However, beneath this complexity lies the biggest and most socially paralyzing scam humans have ever endured.
In a world where 1% of the population owns almost 50% of the world’s wealth, where thousands of children die daily due to poverty and preventable diseases, where market crashes, bank failures, and recessions happen more frequently and with greater severity as time goes on, it is evident that something isn’t quite right. Money serves as the lifeblood of our institutions and society, therefore, we should make efforts to understand it and the monetary system at a deep level.
The Federal Reserve
One cannot discuss the world monetary system without first explaining the centerpiece of the entire operation, the Federal Reserve. Most people know about the ‘Fed’ (short for Federal Reserve) in some way or another – they know them as the guys raising interest rates to quell inflation that is surging, or they know them as the harbingers of liquidity in financial markets – the guys who print all that money to keep the markets strong or to bail out the big players when things go really wrong.
But what is the Federal Reserve? Is it a branch of the government – much like the treasury or Congress, or is it a privately owned enterprise – like a bank? The answer to this question is the Federal Reserve is both of these things, it is a partnership between the Government and the Banks. This is the first thing to understand about the Federal Reserve and the monetary system they’ve implemented in society. Those who hold any quarrels with the Fed for not doing its job right must bear in mind that this institution is a mutually beneficial partnership between the government and a banking cartel, which works exactly as it was intended to.
The Prelude to the Federal Reserve System – Previous Central Banks in the US
Imitations of today’s central banking monetary system that were implemented throughout Europe in the 1600s and 1700s proved to be successful in creating a monopoly on the money supply and controlling the populace. By the early 1800s, international bankers had made 2 separate attempts at implementing a central bank in the United States. Both of these banks were eventually disseminated after civil wars and strong political movements. President Andrew Jackson (now ironically printed on Federal Reserve notes), who was ideologically opposed to central banking – destroyed the bank which preceded the Federal Reserve in 1833 and distributed the funds to smaller state banks. This marked the last time in history that the US national debt was paid off. One of Jacksons’ great quotes of this time was:
“The bold effort the present (central) bank had made to control the government . . . are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”Andrew Jackson – 1829
The National Bank Act (1863)
Following on from a 30-year period of economic stability, a growing need to fund multiple war efforts of the time (notably the civil war) allowed some of the International and United States bankers to capitalize on the situation. This group pushed strongly for the implementation of new banking reforms which were labeled the ‘National Bank Act’. The purpose of this act was to:
- Create a market for war bonds,
- Reestablish the central banking system destroyed during President Andrew Jackson’s administration
- Develop a stable bank-note currency.
This act laid the pathway for what would later become the Federal Reserve System, as this allowed banks to expand credit well beyond their capital holdings and centralized banking operations in New York. Over the next 40 years, the United States experienced the appetizer for what a Federal Reserve System had in store for it. Americans in that time experienced immense economic growth brought about by expanding credit, but also lamented the banking system for frequent bank failures, market crashes, and recessions.
As for the banks, they didn’t like this system too much either. The money of the time was backed by gold, and therefore the money supply could not be truly expanded without adjusting the price of the dollar relative to gold. In addition to this, the expansion of credit was regulated well under this act, which put limiters on the levels of financial folly institutions could introduce into their practices.
The Government of the time did not find this monetary system particularly advantageous either. See when the government needs to pay its expenses, it does this by taxing its citizens. But there is a limit to how much people can be taxed before they rise up and revolt. There was also no means by which the government could borrow excessively from the banks given limitations on credit. All is to say, the government of this era was bound to responsible financial actions that were economically efficient.
The Genesis of the Federal Reserve System – The Creature From Jekyll Island
A quick Google search will tell you that the Federal Reserve System was brought in after ‘frequent episodes of panic, bank failures, and scarce credit’. Additional research will tell you that the Federal Reserve system was brought in to stabilize the economy and diffuse the banking power away from New York.
Although, when we look at the state of the economy and banking affairs today, it is clear the Federal Reserve has failed tremendously. In the 1900s, there was double the number of episodes of panic and bank failures than the previous 100 years before the construction of the Federal Reserve. When looking at the concentration of banking power today, it could not be more firmly consolidated in New York now than in any other period in history. The reason the Fed has failed in its stated objectives is because they were never its true objectives.
So what was the true objective of creating the Federal Reserve? Well, the answer to this question can be found when researching the meetings held on Jekyll Island throughout 1910. It was on this island where the Federal Reserve System was born through the vision of 7 powerful figures belonging to either the government or massive privately owned banks of the time. The individuals who attended these meetings are as follows:
When these individuals met in 1910, they did not set out to establish a monetary system that carries out the objectives listed on the Federal Reserve Website, instead, they met with the aim of establishing a monetary system that achieved the following objectives
- Maximize the joint profits of the members of the banking partnership (cartel)
- Tax the citizens without their knowledge
- Incentivize businesses & citizens to borrow from banks through the manipulation of interest rates
- Consolidate the concentration of banking power toward New York
- Pass losses onto the public
Before exploring whether they were successful in creating a monetary system that met these objectives, the Federal Reserve System must be explained.
The Federal Reserve System Explained
Let’s understand how the Federal Reserve System creates money. Now if this is your first time learning this then you are in for quite an experience. I warn you to not try and make sense of this, because there isn’t too much to make sense of, after all, this is just a plain old scam – a Ponzi scheme.
Here is how money is created in the Federal Reserve System:
Step 1. The Government needs 1 million dollars so its calls up the Federal Reserve Bank
Step 2. The Federal Reserve Bank acknowledges this request by taking out their checkbook and writing out a cheque for 1 million ‘federal reserve notes’ aka dollars to send to the treasury. Money equal to 1 million dollars has now been created
Step 3. The Government receives the 1 million dollars, but only under the condition, they will pay it back at a later date. As a certificate of their obligation to pay back the money, they create 1 million dollars worth of ‘United States Government Bonds’ and sends them to the Federal Reserve. Debt equal to 1 million dollars has now been created
In summary, under the Federal Reserve System: money = debt
Every dollar in circulation is therefore owed to someone, by someone. This also means if all debts were to be paid off in this system, there would not be a single dollar left in circulation.
This mechanism of money creation out of nothing becomes problematic when we apply interest to the equation. Virtually all debt obligations must be paid back at a later date in full, with additional interest paid on the debt. But if the total amount of circulating money is equal to the amount of debt, the question must be asked:
Where is the additional money in circulation to cover the interest repayments on the debt?
A: Nowhere, it does not exist
Yes, that’s right, there is only what’s called the principle in the total money supply, and this is equal to the total amount of debt owed in the monetary system. The interest is not a part of this equation – it literally does not exist. This means the added interest owed on debt with the current supply of money makes it impossible to pay back all debts, creating a perpetual need to create more money (debt) out of thin air to cover ever-growing interest repayments on debt. The impact this has on society is staggering – it ensures that under a Federal Reserve System that inflation, recessions, and bank failures are completely unavoidable.
Report Card on the Federal Reserve System’s True Objectives
Now that the basic mechanism of the Federal Reserve System has been explained, we can now look at how this system has accomplished its true objectives over time:
- Maximize the joint profits of the members of the banking partnership (cartel)
How does the Federal Reserve System benefit the banking partners on its side? Through loans. The Federal Reserve Act grants banks the authority to increase the money supply, akin to the actions of the Federal Reserve Bank, albeit on a smaller scale and subject to certain regulations. This process is referred to as ‘Fractional Reserve Banking’. It describes how a bank can generate money from thin air, provided there exists a demand for a loan while maintaining 1/9th of the total loan amount as deposits. In practical terms, this allows a bank to conjure $900,000 as a loan, as long as it possesses $100,000 in deposits. Naturally, the lent funds are to be repaid with interest, yielding profits for the bank.
Though the practice of fractional reserve banking is highly profitable for banks, it renders them susceptible to bank runs and inherent debt defaults, both linked to the Federal Reserve system. This raises the question of why the banking members, who actively participated in crafting their monetary framework, would embrace such vulnerability. As banks in the Federal Reserve System will never have enough money in deposits to service all their obligations. The issue that arises from this is called a bank run, where a bank experiences a run on withdrawals from customers using their bank. These issues are accounted for later in this article. For now, understand that this vulnerability of the banking system is far outweighed by the profits generated by loans facilitated through the fractional reserve banking mechanism.
- Tax the citizens without their knowledge
How does the Federal Reserve System put a hidden tax on society? The answer lies in inflation. Before the current monetary system was established, governments, needing funds, had to overtly raise citizens’ taxes—a politically unpopular move that pushed governments toward prudent fiscal management (ironic, isn’t it?). However, under the Federal Reserve System, when the government requires funds, it simply contacts the Fed, issues bonds, and the Fed generates money from thin air, channeling it to the government. But where is the newly created money drawing its value? The answer is from the existing money supply. Yes, inflation acts as a concealed tax on society, gradually eroding the purchasing power of people’s money. In essence, it’s the citizens who bear the cost of irresponsible government spending, knowingly through taxes and unknowingly through inflation.
- Incentivize businesses & citizens to borrow from banks through the manipulation of interest rates
In the lead-up to the creation of the Federal Reserve System, shifts in business financing methods were prompted by past banking failures under the National Bank Act (1863-1912). Banks, concerned about losing borrowers, sought ways to entice businesses to borrow from them. Any banker knows the way to do this is to lower interest rates. However, in 1912, manipulating interest rates was challenging due to the fixed nature of money backed by tangible assets like gold. This posed a dilemma for banks, whose profits relied on loans. The solution emerged as the concept of a “flexible currency,” a term introduced by the Federal Reserve System, which referred to a currency not bound by tangible assets and could be conjured into existence on a whim. This idea enabled banks to influence the demand for credit as they could freely set the interest rates on currency generated from nothing. This shift fundamentally transformed borrowing dynamics and the financial landscape. This is why banks were able to keep interest rates at near 0 for much of the 2010s. Simply put, the required interest rate to make a profit on money you create out of nothing does not need to be high at all. Thus this manipulation of interest rates stimulates credit consumption and therefore profits for the banks.
- Consolidate the concentration of banking power towards New York
Contrary to the narratives propagated by the government and the banking elite of the era, there was a growing concern among banks about the dispersion of banking power to regions south and west of New York during the early 1900s. Numerous small, local banks were emerging, eroding the dominance of the major New York-based banks. Consequently, a key objective of the Federal Reserve Act was to reverse this trend and reassert New York’s prominence as a banking hub. Under the Federal Reserve System, this objective has been remarkably successful.
The Federal Reserve System has significantly contributed to the consolidation of banking power in New York over time. This phenomenon primarily concerns a specific segment of the banking industry. When small to medium-sized regional banks encounter financial crises or face the threat of bank runs, they often find themselves compelled to merge with one of the ‘Big Banks.’ However, when these major financial institutions confront similar challenges, they receive generous bailouts from the Federal Reserve Bank, ostensibly for the greater good of the public. The cost of these bailouts is of course ultimately borne by the general populace in the form of the inflation tax.
- Pass losses onto the public
The Federal Reserve System anticipates banking failures and recessions and safeguards itself by passing its losses to the public through a mixture of inflation and the complete destruction of book value in public assets, here’s how it works:
- Encouraging Borrowing
- Lowering Interest Rates: Central banks make borrowing appealing by reducing interest rates.
- Banks Provide Loans: Banks lend money to people and businesses at these lower rates.
- Triggering Inflation
- Expanding Money Supply: Loans inject new money into circulation, increasing the money supply.
- Central Bank’s Role: The central bank, like the Federal Reserve, contributes to this money supply growth.
- Boosting Asset Values
- Inflation Impact: More money in circulation raises overall prices.
- Asset Value Rise: Inflation elevates asset values, e.g., a house’s value may increase due to inflation.
- Using Increased Equity
- Leveraging Equity: People use higher asset values as collateral for more loans.
- Buying with Loans: The borrowed money might buy additional assets.
- Rising Interest Rates
- Curbing Inflation: High inflation prompts central banks to raise rates.
- Impact on Asset Demand: Higher rates decrease loan demand, affecting asset demand and prices.
- Reduced Asset Values
- Devalued Assets: Rising rates lead to lower asset prices, including real estate.
- Debt Challenge: Borrowers face higher interest and declining asset values, eroding equity.
- Bond Portfolios Decrease in value
- Banking Stressor
- Bond Portfolios: Incur significant losses and liquidity becomes scarce.
- Collective Effect: Falling equity and rising debt affect the economy broadly.
- Financial Stress: People struggle to repay debt as assets lose value.
- Unfavorable Outcomes
- Crisis Potential: Some borrowers might struggle to meet debt obligations.
- Asset Repossession: Strong banks could seize assets at lower prices.
- Government Support: To stabilize the system, the government aids banks through the central bank.
The Federal Reserve ensures its safety by initiating this process. When crises emerge (as they’re expected to in this system), the Reserve intervenes to bail out big banks. The cost falls on the people through hidden taxes, such as inflation and the evisceration of their asset’s book value, ultimately protecting banks from losses that are programmed into the system.
The Impact of the Monetary System on Society
It is now abundantly clear that the Federal Reserve system is inherently designed with corruption in mind. But what are the cascading consequences of this corruption? Is it truly as detrimental as it seems? After all, we still have a functioning society, don’t we? Let’s dissect the layers of the monetary system in our society to uncover the truth.
This aspect lies at the heart of many of the societal issues perpetuated by the Federal Reserve System. The current monetary framework inherently promotes competition. With an inadequate money supply to cover mounting debts and growing wealth disparities, a situation arises where ordinary citizens must compete amongst themselves to secure their share of the scarce money needed for sustenance and shelter. We are often told that competition is beneficial for two main reasons:
- Without the need to work for a living, society would stagnate, and people would become idle
- Competition drives innovation and progress in society
However, these two widely accepted notions in our intellectual discourse are fundamentally flawed. Let’s explore why.
Do the cells in our bodies operate based on profit incentives? What about the rays of light traveling through space or a flower blossoming in the springtime? Even a tornado ripping through a desert doesn’t pursue profit. The reason for this is the emergent nature of reality, a concept suggesting that all systems, when left to evolve freely, will undergo fluid and perpetual change.
What we consider normal today would have been inconceivable to ancient civilizations, and the technology and knowledge of future societies will likely be beyond our comprehension. This constant evolution is a natural law of our universe, and it shows no sign of stopping.
In essence, without enforced competition, people would not become lazy; rather, they would channel their energies into their passions. These individual pursuits, when embraced collectively by a society, would result in an explosion of technological advancements, artistic creativity, and profound realizations. Unfortunately, our current monetary system conditions our population to adhere to a static belief system. Self-preservation structures and the numerous individuals conditioned to uphold these structures reinforce a form of intellectual materialism. These individuals become unwitting champions of the ‘status quo,’ essentially sheep. Consequently, in today’s world, the fear of being wrong carries a negative psychological association because discovering new ways of thinking threatens the survival of the very system that these individuals desperately uphold.
Contrary to the prevailing belief that competition fosters innovation, the monetary system actually stifles inventive progress. While the mantra “Competition drives innovation” is widely endorsed, a deeper examination of the monetary landscape reveals a different reality. Scarce money compels individuals and businesses to vie for a slice of the monetary pie, leading to a prevailing assumption within business practices. This notion revolves around cost efficiency and planned obsolescence. Countless examples showcase technologies deliberately designed with limited lifespans, now a prevailing standard across various innovative sectors.
Instead of prioritizing ethical business practices, environmental sustainability, minimal social impact, and the use of quality materials to create durable products, the focus has shifted. Companies aim to cut corners without complete compromise, giving rise to technologies designed with a transitory purpose. This trend leads to the accumulation of ever-growing landfills as new devices and components are constantly produced. This is epitomized by ever-changing phone ports, new plugs, non-universal cables, and more. The monetary system, particularly within the framework of the Federal Reserve, unintentionally hinders innovation.
The Wage Slave
How can society ever break free from debt? The truth is, it can’t—and that’s by design. This realization stems from the fear of losing possessions, coupled with the constant struggle to keep pace within a system marked by perpetual debt and inflation. This is further intensified by the inherent scarcity within the money supply itself—due to the interest that can never truly be repaid. This continuous cycle functions as the leash that keeps the wage slave in perpetual motion, running alongside countless others on an unending hamster wheel. Ultimately, this fuels an empire that overwhelmingly benefits only the privileged elite situated at the pinnacle of the hierarchy.
When you contemplate the core of the matter, who are you truly toiling for? The answer is resoundingly clear: the banks. These institutions create money and, unsurprisingly, most of it eventually finds its way back to them. The banks, along with the corporations and governments they bolster, assert themselves as the true puppet masters. While physical slavery necessitates providing shelter and sustenance, economic slavery manipulates people into shouldering the responsibility of feeding and housing themselves. This intricate scheme stands as one of the most ingenious tools for social manipulation ever devised.
At its core, this scheme represents an unseen war waged against the population. Debt serves as the weapon employed to conquer and enslave entire societies, with interest as its principal ammunition. While the majority remains largely oblivious to this stark reality, the collusion between banks, governments, and corporations continues to refine and expand its tactics of economic warfare. This propagation has given rise to new institutions like the World Bank and the International Monetary Fund (IMF), further cementing the hold of this complex and manipulative system.
Politicians are not put in power to change things, they are put in power to keep things the same. What do the ultra-wealthy do with their money once they have amassed inconsequential wealth and acquired all the lavish material possessions they could possibly hope to own? They buy Power.
The concept of the ultra-wealthy individuals’ actions after amassing substantial riches and acquiring lavish possessions often leads to speculation about their role in funding political movements. As the wealthiest individuals reach a point where material possessions lose their allure, attention turns to the broader societal influence they can wield. In this narrative, some argue that these individuals, with access to substantial financial resources, invest in shaping political landscapes to safeguard their interests within the existing monetary system. This can involve supporting political movements and candidates aligned with policies that perpetuate the status quo, which can ultimately favor their continued financial gains. While motivations behind such actions can vary widely, the discourse highlights the potential for the exceptionally rich to leverage their wealth for both personal gain and the preservation of a monetary system that critics view as inherently skewed toward concentrating power and resources.
Business Morality, Ethics, Monopoly and Practices
“Do not talk about Morality in Business, we simply cannot afford it”
The scarcity of money within the Federal Reserve system fosters a prevailing assumption within businesses that profits must be maximized above all else, no matter the social and environmental cost. In this competitive landscape, businesses often perceive that upholding morals and ethics rarely aligns with the pursuit of profit. Consequently, a significant power imbalance emerges within the private business realm, with conglomerate multinational companies such as Amazon, ExxonMobil, and Facebook exemplifying the consolidation and monopolization of industries, cutting corners in the name of cost efficiency. This imbalance creates an environment where dishonesty prevails, as businesses are compelled to ask, “What’s in it for me?” This sentiment manifests in various ways, such as a car salesman insisting that you won’t find a better deal anywhere else, or pharmaceutical companies downplaying the side effects of their medications to boost sales. These conglomerates, incentivively driven by self-interest, actively support and perpetuate the Federal Reserve system by funding political campaigns and ensuring the status quo, which ultimately serves to enrich them. The Federal Reserve system, with its inherent flaws, becomes an integral tool in their arsenal for maintaining market dominance.
In the era of the Federal Reserve System, media conglomerates have undergone a transformation that revolves around the singular goal of profit maximization and self-preservation. This assumption has permeated the media landscape, both domestically and globally, where behemoths like Comcast, Verizon, and AT&T wield immense power. Through an intricate web of grassroots media outlets and acquisitions, they have effectively monopolized the prevailing narrative within society. These media giants, while ostensibly tasked with informing the public and upholding journalistic integrity, often find themselves swayed by the allure of financial rewards tied closely to the Federal Reserve System. As a result, they prioritize their own interests above their responsibility to truth and the broader societal good. The power they wield is formidable, capable of manipulating public perception and subverting reality to serve their agendas. It is a compelling argument to assert that media operations, when under the influence of a corporatocracy with deep ties to the Federal Reserve System, can become weapons against society, perpetuating a cycle where profit motives overshadow their primary duty to inform and educate the masses. Ultimately, media companies that most fervently bow to the hidden hand of the monetary system tend to reap the greatest financial rewards, thereby securing their longevity and reinforcing the troubling paradigm of profit above all else.
The wealth gap refers to the significant disparity in wealth distribution among different societal classes. As mentioned earlier, a staggering 50% of the world’s wealth is concentrated in the hands of just the top 1% of individuals. This phenomenon is a direct outcome of the Federal Reserve System, which inherently channels money away from the lower classes and redirects it toward the upper echelons of society. Over time, wealth gaps tend to widen within a Federal Reserve system because the various mechanisms that allocate wealth primarily to the wealthiest individuals.
One prominent example of these mechanisms in action revolves around investment opportunities. Individuals with limited capital often lack the means to secure loans to expand their wealth, and if they do manage to access credit, they are burdened with exorbitant interest rates, ostensibly because they possess minimal wealth. Consequently, individuals in such circumstances have limited capacity to pursue wealth-building strategies that are readily available to the affluent. A case in point that illustrates this glaring inequity is Certificate of Deposits (CDs), which offer a risk-free interest rate of 4-5% but are only accessible to those with substantial wealth. These CDs are funded by individuals in lower income brackets who are forced to pay 4-5% interest on their loans, resulting in a transfer of wealth from the less privileged to the affluent, thereby exacerbating the wealth gap over time.
There are numerous other examples of such mechanisms at play within the monetary system, all of which disproportionately perpetuate wealth disparities against the lower classes. This is precisely why we observe an increasing number of homeless individuals and those reliant on government support as time progresses within a Federal Reserve system.
The inception of the Federal Reserve System marked the beginning of an entirely new field of economics, profoundly changing academia and shaping economic literature, ideologies, and theory. A deliberate selection of professors and large government grants given to their education institutions was used to advocate for the endorsement of the Federal Reserve. It was at this point in history that intellectual integrity was utterly compromised in the name of the dollar god. An entire academic field compromised and corrupt… that is economics. Anyone who studies this field must dive through an incricate web of vague economic concepts that obscure the reality of its underlying workings. The complexity masks the true nature of the monetary system, allowing for its existence to persist.
This strategy of changing what is taught at schools and universities has spread all throughout the education system and effectively cultivated individuals who were unwittingly prepared for their roles as compliant contributors to the economic apparatus. Trained hamsters on the wheel – the analogy underscores the precision required in training individuals, mirroring the institutionalization of students into compliant wage earners. However, this development has not occurred without its drawbacks. The inconspicuous omission of thorough financial education from students’ schooling journeys perpetuates a lack of understanding about money and the monetary system.
The US Dollar Machine Gun – Enslavement of Nations
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”John Adams – 1826
During its time as the global reserve currency, the United States and its Federal Reserve System established various global monetary organizations such as the International Monetary Fund (IMF), World Bank, and World Trade Organization (WTO). These organizations, while serving specific purposes in regulating the global economy, ultimately granted the United States immense financial control over the rest of the world, using the US dollar as their weapon.
There are numerous inherent inequalities programmed into this monetary system, which the US government exploits as a financial bullying tactic to acquire resources and privatize public assets belonging to foreign countries. In “Confessions of an Economic Hitman,” the author describes a consistent pattern of actions taken by the US government where they indebt nations either through their own indiscretion or through bribery, render them unable to pay off the debt and then offer to refinance the debt under ‘new conditions’ which typically include cheaply sellling their resources and public assets to US government corporations for their profit, voting with the US at the next UN and allowing the US to build military bases in their country.
More and more, leaders on a global scale have seen the weaponization of the US dollar. When the US sanctioned Russia after the invasion of Ukraine, the world got to see the playbook used by the US government to maintain its grip as the dominant power. However, Russia leveraged its high gold supply and global resource dependency for their energy, ultimately resulting in minimal impact on their currency from the US sanctions. The whole world is now seeing that the US dollar is not as powerful as it once was, and countries are banding together in the BRICS alliance in a push for a commodity-backed currency. Recent developments in Saudi Arabia, where they have reduced their oil production, signals a shift in sentiment across the world stage that the US dollar is likely on its way out, as countries are realizing the fractional reserve banking system is more trouble than it’s worth, and the way the US imposes itself over the world through its currency monopoly is unfair.
Globalism – CBDC’s & Digital Identities
The trend towards globalism has been unfolding for centuries. Many influential figures have observed the inclination of world governments to eventually adopt a single currency through central banking policies. A comprehensive examination of history reveals the unfortunate fate of individuals and countries that attempted to establish state banking systems in an effort to liberate their populations from the practices of central banking. State banking threatens the very existence of corrupt empires built through central banking and levels the economic playing field for the general public, promoting prosperity across different wealth classes. Historical examples include Julius Caesar in Ancient Rome, Napoleon in France, and in the United States, leaders such as Abraham Lincoln, Andrew Jackson, and John F. Kennedy. These leaders initially achieved success by introducing state banking systems but later became targets of either assassinations or were drawn into wars designed to weaken their governments. The toll of unnecessary wars instigated and funded largely by hidden monetary institutions is immeasurable. In essence, many have attempted to resist this system’s malevolence and explore more humanitarian ways of governing society, only to ultimately fall victim to the system itself and be eliminated.
It is important to acknowledge that the next stage of currency evolution is upon us, and there is no turning back from the trajectory it is on. Evidence of the trend towards a singular global digital currency becoming integrated into our economy is readily available. This marks the culmination of the Federal Reserve System’s objectives: a unified digital currency linked to a digital profile for each user. With this setup, every aspect of your financial transactions will be tracked, and the governing authorities will exert complete control over how you use your money. Furthermore, they will have the unrestricted ability to manipulate this digital currency. This paves the way for the implementation of social scores based on your spending habits, political affiliations, and environmental impact. Economic institutions advocating for Central Bank Digital Currencies (CBDCs) are promoting the idea of tracking ‘carbon footprints’ and highlighting the advantages of digitally monitoring every dollar spent by individuals. However, as previously elucidated, these institutions are not championing the interests of ordinary citizens; in fact, they are endeavoring to shape public acceptance of these impending changes.
The trajectory set by the Federal Reserve System carries the potential to pave the way for totalitarianism. History reveals that civilizations engaging in the debasement of their currency have all faced an inevitable path toward downfall. The Federal Reserve’s lifespan is limited and cannot be indefinitely prolonged. Ultimately, there are two conceivable routes, each leading to a fixed outcome. The first involves hyperinflation of the currency, while the second entails hyper disinflation. The determining factors lie in governmental decisions and the beliefs held by the populace, dictating the system’s eventual demise.
And what comes next? As the currency descends into utter worthlessness, a clamor for basic necessities such as food, fuel, and shelter will rise from the people. The government’s response will involve satisfying these needs, albeit at a steep price—the surrender of every remaining liberty within society. People will be molded into obedience, dictated not only about what to do but also when to do it. This scenario creates a totalitarian state where the government assumes ownership of all assets, and individuals relinquish control over their own lives. Similar to the concept of state capitalism in Russia, personal ownership dwindles to insignificance, rendering the common person akin to a negligible entity, much like a mere cockroach.
The World Economic Forum, an institution intertwined with the Federal Reserve System, has propagated the notion of “you will own nothing and be happy.” This orchestrated message is no accident; these individuals possess intelligence and cunning beyond what’s commonly acknowledged. Their engagement in psychological manipulation has distorted reality for the average person, resulting in a world where truth is obscured, relationships are undermined, and isolation is incentivized (as observed during Covid-19). Under these conditions, individual agency is weakened, rendering manipulation easier as new ideas are imposed upon them.
What to do?
In conclusion, our exploration of the Federal Reserve System’s troubling origins and the societal challenges it has spawned has revealed the need for a thoughtful response to the complex issues we face. While it can be disheartening to uncover the flaws in our institutionalized world, it’s essential to preserve our intellectual freedom in a world where truth can be elusive.
However, merely identifying the problems is not enough; we must also seek solutions. Many individuals grapple with personal hardships when confronted daily with the physical manifestation of the failures of the system they depend on for their livelihoods. This can lead to addiction, mental health struggles, and a sense of futility.
Yet, dwelling on the world’s failures can lead to a spiral of despair. Therefore, we must seek another way to thrive in this complex situation. The approach I find most helpful is to cultivate a state of quiet acceptance of the way things are, an understanding of universal laws, particularly the Law of Cause and Effect.
This law reminds us that our efforts to attain what is good in our lives are worthwhile. It’s not a punitive force but a reminder that the state of the world is a result of our collective actions. While change may not happen overnight, the pain of maintaining the status quo will eventually outweigh the pain of change. In time, humanity can begin to correct itself.
By adopting a philosophical approach rooted in an understanding of natural laws, we can develop a constructive attitude toward our personal circumstances within an unjust monetary system. Moreover, there is hope for those who grasp the intricacies of the monetary system. They can navigate its complexities and potentially benefit from it. Understanding ‘The Game’ as many call it is to understand that the system is rigged and that you can rig it in your favor, allowing for the accumulation of significant personal wealth
Additionally, recognizing the system’s inherent fragility and the challenge of maintaining individual financial sovereignty prompts us to consider alternatives like Bitcoin. Bitcoin represents a beacon of decentralization, with a supply immune to manipulation and robust security features. History has shown that monetary systems debasing their currency and manipulating debt interest rates eventually collapse. The Federal Reserve System will likely face a similar fate through its own mechanisms.
When that day comes, it would be prudent to hold assets beyond traditional currencies. Bitcoin offers a promising refuge for those seeking to safeguard their financial sovereignty and secure their wealth in an uncertain economic world. In embracing both a philosophical perspective and innovative solutions like Bitcoin, we can better navigate the challenges posed by the corruption of our monetary system and work towards a more equitable future.
- Humpage, Owen F. (2023) “On the Origins of the Federal Reserve System and Its Structure.” Working Paper No. 23-17. Federal Reserve Bank of Cleveland.
- Griffin, G.E. (2010) The Creature from Jekyll Island: A Second Look at the Federal Reserve. Westlake Village, CA: American Media.
- 12 U.S. Code § 38 – The National Bank Act (1863). Legal Information Institute. Available at: https://www.law.cornell.edu/uscode/text/12/38 (Accessed: 10th August 2023).
- Zeitgeist: Moving Forward–Modern Money Mechanics (2008). GMP LLC. Available at: https://www.youtube.com/watch?v=3FvKzSBSQcc (Accessed: 05 August 2023).
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