Fed Cripples Working Americans with Rate Hikes
For the 15th consecutive time in 21 months, the Fed has raised interest rates under the insane pretense that it's somehow "controlling" inflation.
Of course, anyone with half a brain knows that's a pack of lies. Food and energy prices and the cost of borrowing money are the most important economic indicators for working Americans--over 85% of the population. And, we all know that the Fed ignores the former and exacerbates the latter when it raises interest rates.
So, here we are struggling to get by, each of us chained to a huge ball of debt that keeps getting heavier, thanks to the Fed's continuous rate hikes.
If we were chattel slaves (not just the debt slaves we are) and every quarter our masters added a heavier ball to our chain, but expected us to get the same amount of work done, eventually we would revolt.
Our condition is no different. The Fed doesn't lend us more money in exchange for the higher interest they exact. We derive no benefit from rate hikes. Nobody asks us. Instead, we are forced to pay more for what we've already borrowed. The money we borrowed is simply worth-less by Federal decree. It's INSANE! Why do we put up with this shit?
When the Fed increases interest rates, all it's doing is deciding that those who lend money (or, those who have already lent money) will get a bigger percentage of our incomes.
The volume of money in circulation does NOT contract - at least not in absolute terms. Lenders end up with TONS more money (at our expense) which of course they lend to others and the vicious cycle continues unabated. The Fed has accomplished NOTHING but bleed Americans dry for the benefit of money lenders.
Indeed, by raising interest rates the Fed institutes a perverse kind of socialism wherein the idle rich, by decree, transfer the wealth of working Americans to themselves and their comrades. It will take nothing less than a second revolution to free us from their death grip. France is on its way, and we must follow their lead.
Are you willing to sacrifice to win back your freedom?
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”