THE FINANCIAL SYSTEM IS A LARGER THREAT THAN
Reprinted with Permission
In the 21st century Americans have been distracted
by the hyper-expensive “war on terror.” Trillions of
dollars have been added to the taxpayers’ burden
and many billions of dollars in profits to the
military/security complex in order to combat
insignificant foreign “threats,” such as the Taliban,
that remain undefeated after 15 years. All this time
the financial system, working hand-in-hand with
policymakers, has done more damage to Americans
than terrorists could possibly inflict.
The purpose of the Federal Reserve and US Treasury’s
policy of zero interest rates is to support the prices of
the over-leveraged and fraudulent financial instruments that unregulated financial systems always
create. If inflation was properly measured, these zero
rates would be negative rates, which means not only
that retirees have no income from their retirement
savings but also that saving is a losing proposition.
Instead of earning interest on your savings, you pay
interest that shrinks the real value of your saving.
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