Bernanke was Fed chairman when the housing bubble, created by his predecessor Alan Greenspan in the wake of the bursting of Greenspan’s tech bubble and the 9-11 attacks, exploded. When the housing market collapsed, Bernanke worked with Congress and the Bush administration to bail out big banks and Wall Street firms.
This refers to the devaluing of the Continental dollar by excessive money printing. As more and more Continentals were created and put into circulation, they value of each one dropped. Eventually, the Continental dollar was all but useless.
This masterful propaganda and gaslighting campaign demonstrates how the feds manage to prop up support for themselves despite objectively wrecking almost everything they touch.
The post White House Launches Propaganda Campaign to Cover Up Recession first appeared on Tenth Amendment Center.
The return of stagflation will increase the growing movement to replace the dollar as the world reserve currency. This will be the final nail in the welfare-warfare-fiat money regime’s coffin. History shows that such a crisis usually results in people embracing some form of authoritarianism. However, if those of us who know the truth are effective in spreading the ideas of liberty, this crisis can result in a turning to the principles of minimal government and maximum liberty.
The post Federal Reserve’s Rate Increases: Too Little Too Late? first appeared on Tenth Amendment Center.
After running a budget surplus in April thanks to an influx of tax-day tax receipts, the federal government reverted back to deficit spending in May.
The post Big Government Spending Pushes Budget Back into Deficit Mode first appeared on Tenth Amendment Center.
Federal Reserve meetings are getting to be a lot like elections. Every one is the most important one ever! This should raise some significant questions in your mind. Primarily, why do politically connected central bankers have so much influence?