Is “Great Reset” just leftist dialectic for a gigantic monetary “rug pull”? Time to “Go Galt” before Fed runs out of room to raise interest rates?
ZeroHedge (where I initially found the source article) picked up what was authored by Nick Giambruno and posted at Doug Casey's International Man website.
A: Because the bankers and elite are protected from destruction by this.
The purpose of higher interest rates is to slow credit creation.
Higher rates mean fewer people can qualify for loans and less money is created.
Loans are the only way that money is created in the system.
Higher rates also mean more profits for bankers.
They get to steal from everyone else by creating loans from nothing.
Bankers are NOT loaning their own money when they create loans.
There is an obvious alternative.
Con-gress can restrict bank lending without increasing interest rates.
They can pass legislation that increases the percentage of assets banks
must retain compared to outstanding loans.
That reduces credit creation without higher interest rates.
Why don't they do this?
Banks profits would be reduced and banks would not be able to steal as much from the People.
Can't have that.
Government spending would also likely be reduced.
Can't have that.
Better to bankrupt the People and make them slaves to the elite.
That has been the plan ever since the bankers met in secret in 1912
and their corrupt con-gress created the federal reserve act in 1913.
Giambruno's main point, I thought, was that the FED only has so much leeway in raising interest rates to an effective degree--as that would cause debt service of the national debt to go up proportionally.
Very soon, at present and proposed velocity of interest rates' increase, national debt service consumes ALL taxes, leaving nothing for alternate government expenses (even for what some here might regard as legitimate--chiefly military defense and the border enforcement that isn't currently happening).
They have a solution, but it solves the problem at the expense of the thieves in the fed, which isn't what the fed wants.
Don't be surprised when a major international financial earthquake soon starts in PRC. Why are five of the biggest state-owned PRC companies suddenly delisting from US stock exchanges over refusal to document assets?
https://www.reuters.com/business/fina...
Shrug Job commences shortly thereafter.
Happy to do my part.
https://x22report.com/all-x22-reports/ Daily briefings. And https://rumble.com/user/pgunnels
You will get more info in one viewing than FOX gives in a year. Peace to Q