by Michael Snyder, The Economic Collapse Blog:
We have come to accept that we are permanently trapped in an endless cycle of debt and money creation. But the only reason why debt and money grow at an exponential rate is because that is what our system was designed to do. The Federal Reserve and other central banks around the globe were created with a purpose. The goal was to get humanity into as much debt as possible, and those holding that debt just keep getting wealthier and wealthier. Unfortunately, we have been trained to not even question this deeply insidious arrangement.
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Over the past several decades, our money supply has been growing at a pace that we have never seen before.
And once the pandemic hit, the growth of the money supply went into overdrive.
This is why the cost of living is so oppressive today.
There is simply way too much money floating around.
Over the past several decades, our national debt has also been growing at an exponential rate.
The system is designed to produce debt faster than it produces money.
That is why it will never be possible for us to pay off the national debt.
Sadly, most Americans don’t even understand what the Federal Reserve is.
One thing that the Federal Reserve is NOT is a government agency. In fact, it is about as “federal” as Federal Express. It is a private central bank designed to make money for the people who created it. In fact, the Federal Reserve was the culmination of an effort by the international banking elite to force a permanent private central bank on the American people that began all the way back during the days of our Founding Fathers.
But don’t just take my word for it. The following are 21 quotes about central banking from past presidents, congressmen and other notable historical figures…
#1 John Adams, the second president of the United States: “All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”
#2 James Madison: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.”
#3 Thomas Jefferson: “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.”
#4 Abraham Lincoln: “The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.”
#5 James A. Garfield: “Whoever controls the volume of money in any country is absolute master of all industry and commerce.”
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