The Federal Reserve is set to raise Interest Rates to fight the inflation that they created.
Both strategies are targeted against the Middle Class
I recently reported that the Federal Reserve was responsible for creating the massive inflation that we are experiencing today, because they wrote Trillions of dollars of hot checks and laundered it into financial markets in what they call “open market operations” in the name of “liquidity.”
This is a chart of M1. It’s how much money exists. You say your income didn’t spike like this? Mine either. Again, the Federal Reserve just bought securities with it. Those people became Trillions of dollars richer instantly. The Middle Class became Trillions of dollars poorer, but it will take awhile for the full effect of the theft to get around to the Middle Class in the form of inflation.
So now the Fed is moving on to Step 2 to harm the Middle Class: Raising interest rates. You can read about it here:
Federal Reserve Approves First Interest Rate Hike in More than Three Years, Sees Six More Ahead
And why would they raise interest rates? To fight inflation by fighting the growth of M1! If interest rates are higher, you and I won’t be able to borrow as much money to buy homes and cars. That slows M1 growth, and fights inflation.
As long as M1 grows in the 1%, they are fine with it.
It’s a blatant and transparent strategy if you know how the Fed’s mechanisms work. Their strategy this time is very simple and obvious. They spiked M1 by creating (stealing) and laundering trillions of dollars through financial market purchases with hot checks, giving it to the 1% that don’t need money or loans. Now they will raise our interest rates to block our access to capital and curb our share of M1 growth. They feed the 1% and punish the 99% with their policies.
This is not a free market process. This is systematic wealth theft by the Global elites because they control the central banking systems of the world. It is their piggybank. The pig cannot create wealth, it can only steal it.
Look for the 1% to continue to pig out on our wealth as they raise our interest rates. We are paying them. It’s all one strategy to destroy the Middle Class. Here’s a chart of the percentage of wealth that the 1% own.
To add insult to injury, the great Hypocrite Elon Musk lamented today that people weren’t having as many children. Wonder why? Children cost money. The Middle Class bases their decisions to have children on their financial ability to care for them.
Look for birth rates to fall as Oligarchs continue to steal wealth from the Middle Class.
Charles Wright