Fed to Transfer Trillions from the People to the Banksters
We have no one to blame but ourselves
Amid hawkish 50bps hike threats and ongoing QT, Jerome Powell and his cronies ride in to the rescue with a new "tool" to save the billionaire tech depositors at SVB (and Signature Bank...and well basically any other bank).
The Fed announced it will bail out the entire American banking system. Again. The FDIC will pay 100% of Silicon Valley Bank deposits, especially the billions in Chinese Communist accounts. Again.
The failed “geniuses” of finance—who make money only by government transfer—get richer while you and I get poorer, older, weaker, and sadder.
Your money. Your future. Your retirement. Your children’s lives—transferred without your consent to people who spend more on lunch than you make in a decade.
Sucker.
The government’s only answer to any failure by the Harvard MBAs and MIT economics PhDs is to steal our money and give it to the failures. The banksters suffer no consequences. We pay the wages of their sins.
Have you had enough?
Are you ready to let the system collapse?
Are you ready to help the system collapse? (It only needs a little push.)
What would a month-long general strike do?
How about a month without buying—anything?
How about growing your own food and buying only from local farmers and ranchers?
How about we do what we can to crash their system instead of standing around with our thumbs up our Bidens waiting for them to crash ours?
How about September? After a summer of aggressive gardening and a month of manic canning. (Both recommended no matter what.)
Gives you five months to prepare: food, fuel, metals for barter, water, protection, tools.
Folks, government and finance won’t be reformed. They must be collapsed and replaced. And no one is going to do it for you.
Before long, America’s old civic order will seem ruined beyond repair. People will feel like a magnet has passed over society’s disk drive, blanking out the social contract, wiping out old deals, clearing the books of vast unpayable promises to which people had once felt entitled. The economy could reach a trough that may look to be the start of a depression. With American weaknesses newly exposed, foreign dangers could erupt.1
In 1997, those words from generational historians Strauss and Howe gave readers panic. Today, it gives us hope. We want to see that magnet erase society’s disk drive. We yearn for the social contract of the Great Society to be blanked out. We work towards clearing the books of vast unpayable promises, particularly the have-nots’ promises to repay the elites.
The Fed can transfer our wealth to their friends only if we continue to let them. We thought the Tea Party signaled the end of our retreat, but we weren’t done retreating. We thought Trump was the general to lead our war on the swamp, but, when push came to shove, we swallowed a stolen election and hoped the thieves would give up their wicked ways.
Here we are, again, bailing out billionaires with our savings. With our retirement plans. With our plans for the future.
The system needs to collapse. Debts need to be erased. It’s time to start over.
But, first, we must erase the old order. It’s time to wreck the American financial system and start over.
Forget torches and pitchforks. Bring your magnets.
Strauss, William; Howe, Neil. The Fourth Turning (p. 275). Crown. Kindle Edition.
Need to revolt by not paying taxes as well as stopping all commerce.