Banking
Etienne de la Boetie² on the Federal Reserve and Mass Control
Sep
by Jeremy Nell, Jerm Warfare
September 18, 2023
The Federal Reserve has a significant grip on the US economy, its political system and, by extension, the rest of the world.
Created by a banking cartel, it’s designed to serve the interests of the banking industry at the expense of the general population. A staggering 90% of the US money supply is essentially created out of thin air by private banks. These banks then loan this money and collect interest, essentially making profits from nothing. (This is known as fractional reserve banking.)
The US government borrows from these central banks, adding to the public debt, which is then shouldered by the citizens.
Plus, the government has no real control over the Federal Reserve, despite the appearance of regulation. The Federal Reserve Board and the heads of the Federal Reserve Banks are the ones who determine the economic policy of the US. These board members have strong ties to big banking and investment companies (such as Vanguard and BlackRock).
The Federal Reserve is a corrupt institution that facilitates war and mass slavery through inflation and theft.
The article claims that this system essentially robs society by inflating prices and reducing the purchasing power of existing dollars. It also discusses how a small number of companies, primarily banks and financial institutions, control a significant portion of global wealth. The article suggests that the death of the dollar could be imminent due to the exposure of these systems. It is obviously unfair that banks are given the monopoly privilege of creating money, which steals the purchasing power from everyone else in society.
Moreover, there are around 147 firms, primarily banks and financial institutions, that control about 40% of global wealth. (Vanguard and BlackRock alone control around $16.5 trillion.)
The ability to create money out of thin air has enabled banks to buy, consolidate, and weaponise the media and other industries,. This has led to a form of monopoly where a small number of companies control significant sectors.
Etienne de la Boetie² is the founder of the Art of Liberty Foundation and the author of Government – The Biggest Scam in History.
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Cover image credit: Board of Governors of the Federal Reserve System
