Over the last year and a half, as businesses have been demolished by sweeping Coronavirus lockdowns, more money than at any period in recent memory has been printed by the federal government. More accurately, this money has been “printed” by banks under the direction of the Federal Reserve.
The result of this pincer attack on the economy has been a surge in financial destitution on Main Street. More would-be working Americans than ever are impoverished, and the value of the money they need is at an all-time low. This means that even if those who have been put out of work by lockdowns get new jobs at the same rate of pay or better — they will still be poorer than they were in 2019.
Now, as gas prices, food prices, and the cost of living, in general, go through the roof, officials at the Federal Reserve are saying they are startled by the spike in inflation. If they are as startled as they say they are, then they are as badly educated about how money works as the majority of Americans. They say that inflation was expected, but that it has been more severe than they predicted.
As the economy has slowly reopened, there have been a number of productivity bottlenecks. Companies have had a hard time finding new workers. Supply chains have been broken by lockdowns and have yet to return to normal capacity.
Historically, the Fed has told the American public that inflation is a function of time. They have told us that the dropping value of the dollar is inevitable, and/or that it is the fault of the consumer who overspends. They blame you, and they blame God — anyone but themselves. But inflation is and has always been the direct result of carelessly printing money.
More people than ever now understand this. But what few understand is how money really is printed. It is printed when banks loan out money in the form of numbers on a screen that they do not actually have in their coffers. In other words, it is created through debt. It is a system that has been designed and is publicly admitted to be a way of getting future generations to pay for mistakes we make today. It is a system designed to transform your children into debt slaves.
It was done to you. It was done to your parents, and it is being done to generations to come, but the price is higher with each new wave.
Like needless foreign wars that men and women have to be told are necessary, money printing must be done with our special permission. This time, that permission was given because of the lockdowns. It is a way to siphon the value of your saved dollars out through the walls of the bank as if by magic.
So, when Fed officials say they didn’t see it coming, they are either low-level fools, which could well be, or they are lying right to your face. Either way, the result is debt slavery.