While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Executive Vice President Brian P. Sack, of the privately owned Federal Reserve (central) Bank of New York, in a speech to the National Association for Business Economics Policy Conference, in Arlington, virginia, admits the because of such a drastic increase in the fiat (Latin for: “let it become”) money supply to prevent an economic collapse that “When the time comes to tighten monetary policy, the Federal Reserve will be embarking on a tightening cycle like no other in its history.”
NOTES:
- At the first signs of economic recovery the Federal Reserve Open Market Committee will be first to raise interest rates to prevent hyperinflation, thus forestalling whatever anemic recovery there is and continuing the “Greatest Depression.”
- This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.
[added 2/27/2022] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
Preparing for a Smooth (Eventual) Exit – Federal Reserve Bank of New York
www.newyorkfed.org/newsevents/speeches/2010/sac100308.html
How the Bankers Have Trapped Bernanke by Gary North
www.lewrockwell.com/north/north881.html
Communist Manifesto 10 Planks
www.libertyzone.com/Communist-Manifesto-Planks.html