Masses Don’t Know How They’re Being Ripped Off
By Peter B. Meyer – 31 July, 2024
By foisting counterfeit money on the financial class, the feds have increased the share of national income held by the “one percent” to three times what it was in the 1970s.
For example, there are 2.3 million people earning more than $1 million a year, and the top 0.1% earn more than $6 million a year.
But the bottom half of the population has an average income of just $16,000 a year. According to USA Today, seven out of ten people have less than $1,000 in savings. How is it possible for an economy to do so well when most people in it are worse off?
What are the rich doing to deserve twice the total income share? Do they produce twice as much? Of course not. It is because the system is rigged against the lower and middle classes. In 1980, the bottom 90% got 35% of the national income. Now they get 25%.
They say inflation is under 2%, but that’s only if you follow the official fake figures and don’t take into account the rampant inflation in the asset and housing markets.
The stock market also requires a special caveat emptor. It is no longer a place to find out how much companies are worth. It is apparently part of a grand system of wealth redistribution, because of the fake money being pumped into the markets. Assets rise and the people who own them find themselves with a greater share of the nation’s wealth.
In an attempt to control the people and perpetuate the current system, central bankers and government officials make deceptive statements about how “under control” or “anchored” inflation is, and how solid the economy looks for the coming years with cumulative GDP growth, etc.
This grand deception is necessary for them to tightly manage not only the fraudulent monetary system, but it is of paramount importance for them to manipulate public perception, which is one of the markers to look for in distinguishing a fiat currency system from one based on sound money.
During the millennia when currency was based on gold and therefore sound, there was no need, indeed no way, to manage expectations about future price levels.
Inflation expectations rarely changed because the price of most things, in terms of gold, rarely changed.
But in a fiat currency system, where money cannot be exchanged for a tangible asset and circulates only because governments say one kind of paper is valuable and other kinds aren’t, perception is not just another tool of monetary policy – it is the policy’s prime directive.
If perception management fails, the next option is direct intimidation in the form of capital controls and asset confiscation!
Author Peter B. Meyer makes it sobbingly clear that, unless we, as responsible adults, don’t take action now, the impact on ourselves, our children, the future generation will be irreversible and nothing short of disastrous.
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Ken O’Keefe – BANKING CONTROL SYSTEM
Ken O’Keefe – Open Mind Conference – Copehagen Denmark 2015
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