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 In the article "The Federal Reserve Is a Disease Masquerading as Its Own Cure," the author, Bob Luddy, writes - "The Fed’s creation of 2% inflation is an outrage and grossly unfair to wage earners, as noted in my TAS article in February 2016. It gets worse. We now have a proposal to inflate the currency to 4%, a suggestion by Olivier Blanchard, a Peterson Institute economist." Do you realize what 4% inflation is like? It means that every 10 years the value of the dollar is cut in half. Think of it this way: at age 25 you're saving and investing so that when you're be 65 you'll have a cool million dollars. But wait! At 4% inflation, in 40 years that $1,000,000 will be worth only $62,500 in today's dollars. And on a national level, the growing interest on the $20 trillion federal deficit will bankrupt the U.S. economy. It's like heroin: you need more and more dope just to keep going. The Federal Reserve System is a Ponzi scheme designed secretly in 1910 by bankers and insider politicians so that they could get "first dibs" on freshly-printed U.S. currency and charge YOU interest on it, before you and the general public realize the new money is getting worth less and less each year. See Eliminate the Federal Reserve to see how this scheme works. Read the full article to get the whole story! And subscribe below to get our free weekly newsletter: |