Summary
The System Benefits The Top 1% and The Expense Of The Bottom 99%
The Federal Reserve System was adopted from a private cartel of banks that planned to manipulate banking in their favor by agreeing to lend to each other at the exclusion of non-members. The mechanism was planned on Jekyll Island, Georgia, when 13 of the nation's wealthiest bankers met in a secret gathering shrouded in mystery and intrigue.
The Federal Government adopted the system, leaving the private cartel intact and giving it the authority to issue new currency based on the perceived needs of the Federal Reserve, the United States' central banking system.
This system was rooted in Marxism and Keynesian economics because it allowed the enterprise to dominate the market, issue new fiat currencies out of thin air, and constantly expand the quantity of money in the system.
Article:
While the working public was required to expend effort for pay, pay taxes and fees, and forge out a work/life existence, the government had no such requirement. There was no effort, no work, only the illusion that it was necessary to pay for government services and pet projects, which expanded exponentially over the last 100 years.
Through the Federal Reserve System, the government freely competed with private enterprise. The outcome was expanding the money supply, which was spent on government projects. This caused inflation, which reduced the dollar's purchasing power; otherwise, the dollar would be debased, a concerning trend for the American economy.
The system is rigged so that the wealth class plays the game of financialization, operating on high leverage, which exaggerates their yield to extraordinarily high levels. At the same time, the working class is caught on an economic treadmill, struggling to keep up with the necessities' payments and perhaps live a middle-class standard of living at best. The system now requires two adult family workers to keep up, a burden many can empathize with.
The system has failed because the constant pumping of additional money into it creates long-term debt that is an obligation of the taxpaying public, not necessarily the wealthy class who benefited from it. Today, the government spends 2.5 trillion dollars than it takes in taxation, which can only be paid for by creating new money out of thin air and adding to the debt each year, which is approaching 38 trillion dollars. Even interest on the debt can only be paid for by issuing new money, which constitutes a giant Ponzi scheme. Play, and pay today, but expect future taxpayers to pay it back. In addition, the U.S. has off-the-books accrued debts, without planning how to pay off $150 to $200 trillion for Social Security, Medicare, and all Federal and State Pension plans. By definition, it is a Marxist and Keynesian economic system.
The primary beneficiaries are the government apparatus of monopoly-based labor union bureaucrats (collective bargaining rights), NGOs, institutions, agencies, non-profits, foundations, and contractors. They have been insulated by continuously inventing bogus reasons to get more money, such as the $1.7 trillion “Build Back Better.” The system is turned into a series of legalized scams, which insiders tolerate in secrecy because they are the beneficiaries.
Who pays the taxes?
20% of the taxpayers pay 84% of the taxes
The bottom 45% of wage earners pay little to no taxes
Scams, frauds, borderline criminal activity, criminality of mindsets, laced in secrecy—and that’s the way we have always done it—are about stealing other people's money for the self-gain of a few.
The current administration of Donald Trump and DOGE efforts is uncovering the entire redistribution apparatus. Without downsizing government and expenses the system will collapse, and the American experiment will fade into the wind.