https://newswithviews.com/economic-overview-for-2019/
As James Carville once said, “It’s the economy, stupid.”
As we enter 2019, the Federal Reserve is once again in the headlines for increasing interest rates. The Fed’s increase is what is responsible for the upsy-downsy stock market, not President Trump’s tariffs (though the fake media will tell you otherwise).
There are three important things to remember about the Federal Reserve System: 1) It is a private corporation and is not part of the government; 2) It is merely a wholesaler of financial services and does nothing that cannot be done by the United States Treasury Department; 3) American taxpayers are responsible for the unlawful debts accumulated by the Federal Reserve.
“Well,” you may say to yourself, “it’s only fair that we pay for Social Security and our highway system and all of the things that cause the national debt, isn’t it?”
You might want to take a look at the loans that have nothing to do with America and its well-being before being so generous with your forgiveness:
A 2006 audit showed that during the period from December 1, 2007 through July 21, 2010 the Fed made $16 trillion dollars in loans (our total national debt is $21 trillion) to US banks and corporations and to foreign banks.
Foreign banks? That’s right… foreign banks. The bank bailout of September 2008 was nothing compared to secret loans made by the Federal Reserve System about which the Congress was never informed.
Thanks to then-Congressman Ron Paul who kept pressure on the House of Representatives to pass legislation ordering the General Accounting Office audit of the Fed.
The loans were to cover up secret bank and corporate bailouts. They were made to prevent the banks and corporations who borrowed the money from bankruptcy. The money was loaned at nearly zero percent (.01%) interest – as in 1/10th of 1%.