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People don't understand the insidiousness of Central Banks and how they destroy their lives. It's critical that they first understand that the Federal Reserve holds the largest legalized off-books balance sheet in the world. They take bad assets & essentially... /1
...shelter the liability of those assets until the entity can repay. Meanwhile, sheltering those assets means that they're shielded from natural free market forces (sold at losses, cheaper prices for you) which would cleanse the system. This is under the guise... /2
...of protecting consumers, but the rich own 90% of assets/corps. Now consumers don't have Fed access to shelter their losses, so when they go under, their assets come up for sale and guess who's the largest beneficiaries of that? The Fed-backed rich. So now you have... /3
...the vicious cycle of the predatory rich backed by the Fed (and now the Treasury) picking up assets on the cheap as the poor, who could never pay off a home or find a job to keep up with the bills, slowly suffocate in the good years and outright drown.... /4
....in the bad years. They watch their homes and jobs snatched up by the elite few who are never allowed to share in the economic pain. Toss in low interest rates & marketing designed to get the average person to overextend themselves & you feed the cycle... /5
...all the more. The rich pick up your house & hold your outstanding debt. You pick up their mess (as taxpayers) when they falter. They lever up buying your assets when you fail, but you never get a chance to buy their assets (your old house) b/c you "might lose your job." /6
The Fed isn't there to stabilize prices and keep interest rates low, they abandoned that mandate decades ago. They're there to ensure that the rich are protected to keep a broken system clunking along until it implodes and until they can find more poor people to scapegoat. /7
