by Joshua D. Glawson, Activist Post:
The Federal Reserve has taken its propaganda activities into a new, younger medium, Instagram and Threads.
An announcement video posted to the social media platforms last week stars the “cool” Chairman of the Federal Reserve System himself, Jerome Powell. With his hair slightly askew, not wearing his usual eyeglasses, and flaunting business casual attire, he addresses his audience:
The Fed is America’s Central Bank working to promote a healthy economy and a strong financial system. That mission starts with you.
TRUTH LIVES on at https://sgtreport.tv/
October is National Economic Education Month and throughout the month and beyond, we’ll be posting here with information, and other resources how Fed decisions affect you, your family, and your community.
Instead, of course, the real purpose of Fed’s latest propaganda campaign to try burnishing the central bank’s increasingly damaged reputation.
According to the Fed, the original intent of starting the Federal Reserve System was to “enhance the stability of the American banking system,” while creating more “elasticity” in U.S. currency. This gives privileged elite banks working with the Fed access to the Discount Window, and influence over monetary and fiscal policies.
As evidenced by the most recent panic earlier this year, the stability of the banking system is in serious doubt. However, the most obvious and long-running failure as to the Fed’s statutory mandate has been with regard to stable prices.
Indeed, since the establishment of the Federal Reserve in 1913, the U.S. dollar has lost almost all of its value.
As author and analyst David Morgan of the Morgan Report recently reported on Money Metals Exchange, inflation of the U.S. dollar since 1913 has risen astronomically by 3000.2%. That’s more than a 97% decline in value, according to the government’s own numbers.
As the Fed continues to increase interest rates in an effort to rein in the ferocious inflation monster it unleashed since the recent pandemic, borrowing money becomes more expensive, which could slow down the rate of economic growth.
This inflation is intensified as Congress continues to borrow money to fund the proxy war in Ukraine, the “Green New Deal” program, and other Biden administration priorities.
