Inflation occurs when there is too much money chasing too few goods. Investopedia defines hyper inflation as “rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.” So what can cause this type of inflation? The answer is on the top of every dollar bill which states FEDERAL RESERVE NOTE. A note is an IOU which we, the taxpayers, owe to the world’s central bankers. Every stimulus dollar of the Biden Administration is borrowed from the Federal Reserve.
President Woodrow Wilson and Congress gave up control over the money supply when it transferred authority from the government to the world private banking cabal with the Federal Reserve Act of 1913. Commercial banks can multiply money, but only central banks can create money. Before the banking system can multiply money, someone has to make a deposit. But the Federal Reserve does not need a deposit; it can create money by merely pushing a few keys on its computer to credit a client’s account by X amount. All currencies are debt instruments; they are floating abstractions that profit the world’s bankers. At the top of a dollar bill is printed “Federal Reserve Note.” A note is an IOU; it is an agreement to pay interest to the Federal Reserve. Dollars come into existence when the government sells bonds to the Federal Reserve. Therefore, we pay interest to the bankers. The Bureau of Engraving and Printing converts only a tiny fraction of this borrowed money into physical dollars.
A cartel of eight families owns the Federal Reserve and other central banks around the world. They are Goldman Sachs of New York, Rockefeller Brothers of New York, Rothschild Banks of London and Berlin, Lazard Brothers of Paris, Israel Moses Sieff Banks of Italy, Kuhn and Loeb and Company of Germany and New York, and the Warburg Bank of Hamburg and Amsterdam. The Federal Reserve is listed in the telephone book’s white pages, while the US Treasury is listed in the yellow pages. Fed employees’ email address ends in .org, not .gov.
The following is a quote from https://www.ifapray.org August 3, 2021. ARE WE IN FOR A LONG-TERM HYPERINFLATION? ECONOMIC DISASTER? by Home Depot co-founder Ken Langone.
During an interview with CNBC’s “Squawk Box,” Langone explained that policymakers are “going to take a white-hot fire and throw a five-gallon gas can on top of it.” “You’re going to have flames so high it’s going to be incredible,” Langone remarked. “I don’t believe this is transitory. I don’t believe this is temporary. The fact is… if this hyperinflation happens, it will be too late to recognize.” “Maybe you’re going to need this $3.5 trillion thing,” said Langone in reference to the Democrats’ budget reconciliation plan, “but not now. Not now. Watch it. See what we’ve done, what we’ve put in place.” “What I’m saying right now is, please, please, Congress, be careful. You’re playing with fire. If you’re wrong, the little guy, the guy you say you want to help, is going to get punished severely, and that’s going to be too bad.”
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