Fiat Money & The Federal Reserve Recession
The trick has always been to keep this boom bust cycle going in harmony with our election cycle. This injection of politics into our economy causes short term thinking to just get through the next election. Often the winning politicians can blame the new downturn on the last politicians who held the job. Then they go about perpetrating the same cycle. This is a great deal for bankers and politicians. Bankers can constantly grab our wealth by lending out paper money that is based on nothing which waters down the value of the money that we have now and are hoping to earn. The politicians get huge quantities of "campaign contributions" from the financial industry. In addition politicians get elected by spending freshly printed money on their constituencies. But they must not appear to be taxing the voters or they will be booted from office. Consequently, politicians prefer to use deficit spending and inflated money as their preferred revenuing vehicle.
These government grifters have gotten away with this swindle for almost 100 years. But it has run head on into the Internet and the information age. Whereas back in the 1970's, the last time the government got it all wrong, I had no idea what the hell was going on. I had no idea why everything was getting so expensive while my salary stayed the same. But I damn sure found out. It took me a couple years of research before I finally grasped the dynamics of the fractional marginal banking system. Once anyone truly comprehends the fiat money system they know it's a swindle so the government and bankers have always depended on ignorance. For 30 years I've known how the swindle is done but what could I do? But today with the Internet I, as well as thousands of others who are more expert than I could ever hope to be, can warn you and advise you of how to survive this next Federal Reserve Recession. Don't buy property for several years. The economy is going to go through a price deflation in housing and commercial property. This recession will be worse than the one that lasted through the 1970's so people who want to sell a house are in for a rude awakening. But I've been warning you for a while now. Pay down your debt and hold cash to pay your living expenses. Grow food as there will be some continued price inflation with food due to the transportation cost increases from the inflated fuel cost increases. Prices will eventually drop because the recession will decrease demand for commodities like gas that people used to use to get to work when they had a job. Any excess cash should be turned into gold or silver. With the Federal Reserve cutting the rate by 3/4 percent yesterday they are hoping to prop up the U.S. economy until after the election. But delaying the inevitable recession in this way will make it really bad - maybe even a depression. But after the election the economy will be blamed on George Bush and the next president will continue the cycle all over again unless that president is named Paul.