In a ‘History of Central Banking and the Enslavement of Mankind’ ex-South African banker, the late Stephen Goodson explains how the Central Banking “scam” originated, and how those who run it have throughout history used their power to subvert governments, and manufacture wars that not only produced vast profits, but frequently to topple ‘regimes’ whose banking system was not under their control.
Profits and losses aren’t usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity.
When asked about price inflation in his Sunday interview with 60 Minutes, President Biden claimed that inflation "was up just an inch...hardly at all." Biden continued the dishonest tactic of focuses on month-to-month price inflation growth as a means of obscuring the 40-year highs in year-over-year inflation. This strategy may yet work to placate the most ignorant voters, but people who are paying attention know that price inflation continues to soar.
Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years.
San Francisco Fed President Mary Daly, who makes $422,900 per year - and scrambled out of dozens of investments last year shortly before the Fed finalized strict new limits on policymakers' portfolios - just had her 'Nancy Pelosi Ice Cream" moment, dropping a sidewalk-spattering turd from her ivory tower on the average struggling American.