16 rate hikes, going on 17 - and no outrage
Beyond all the media hype about free speech and democracy, the right to bear arms and pray to your own God, and the sanctity of property, Americans are really just another sorry example in human history of a people sheepishly herded from one place to another, never questioning the source or nature of their sustenance - or lack thereof - until the time comes for their slaughter.
The dollar rose to a one-month high as currency traders consider Fed rate increase.
Traders are expecting the [Fed] to increase the interest rate for the 17th consecutive time when the US Central Bank meets this month in an effort to stave off inflation, which added to the dollars rally against the euro this month.The dollar is more "attractive" to investors because with it they can collect more interest as the fascist Fed increases the discount rate yet again, all in the bogus name of "fighting inflation."
The dollar traded at .7929 euros in early afternoon trading in New York while stocks fell in anticipation of the Fed's rate increase.* * *
The 10-year US treasury bond yield rose 0.04 percent to 4.985%.
THE resulting so-called "increased yield" is extracted (by extortion) directly from the hides of every single working American - male, female, mother, father, grandparent. Even teenagers must work to help their families "make ends meet" in an economy where interest payments regularly balloon.
These are the hallmarks, not of a republic of free men, but of a kingdom of slaves.
It's time for Americans to scrap this interest based system of debt and demand an interest-free monetary system - where people must WORK to earn money - NOT sit back and collect it.