Despite all the Federal Reserve’s back and forth about whether it will “taper” or not “taper” the “Quantitative Easing” (read: printing lots of money from nothing), it’s just more of the same. More endless money printing.
Financial commentator Franklin Sanders, who was interviewed for the Beyond Off Grid documentary, said this week in his daily commentary email on February 18th:
“Today I spent a long time gazing on charts of what the Federal Reserve hath done to the money supply since 2008, & I interviewed a friend who worked 20 years for several Federal Reserve banks as a lawyer & economist. “Renewed optimism” was not the outcome of my meditation. With its unlimited money creation the Fed has climbed up for a ride on a tiger. They have no safe way to dismount, & like an alcoholic, no more imagination than to keep drinking the same rotgut whiskey every day while expecting a different result. ‘Twill end in unspeakable pain.”
It’s becoming more clear by the week that nothing will change – the Fed will keep printing money, monetizing the out of control federal debt, and transferring wealth to the banks, until the dollar is worthless and the majority of Americans are unable to afford the basic necessities of life. We are witnessing the realization of prophecy by the author of the Declaration of Independence:
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.”
Thomas Jefferson 1802
You better figure out how you can reduce your dependence on this system that is extracting your wealth to the banks, or your children will be one of those mentioned by Jefferson.
Franklin Sanders quote (c) 2014 The Moneychanger, reprinted by permission. You may sign up for the Moneychanger’s free commentary on the gold and silver markets — and a lot of other things — at www.the-moneychanger.com.”