The Federal Reserve Board Abolition Act (HR 1846) would repeal the Federal Reserve Act and shut down the Fed completely.
Massie argues—correctly—that Americans would be better off if the Federal Reserve never existed. Why? Because everything the Fed does makes life harder for regular people while enriching the powerful.
Here’s how the scam works:
The government wants to spend more money than it takes in from taxes. But instead of cutting spending (hah!), it turns to the Federal Reserve. The Fed creates new money out of thin air and loans it to the government by buying U.S. debt.
This floods the economy with new dollars. More money chasing the same amount of goods = inflation. Prices rise, your paycheck doesn’t stretch as far, and the money you saved loses value.
Big banks and the government love this system because they get the new money first—before prices rise. By the time it trickles down to you, your grocery bill has already gone up."
Good Night, Patriots
2 comments:
When they tell you there's a good reason why Social Security is going away and you won't be getting any more payments, you'll cheer them on because, honestly, you are that dumb.
As are your MAGA friends.
Wow--are Democrats that "dumb" (using your word) to believe that Trump will get rid of social security, Medicare and Medicaid? This administration is tackling the fraud to eliminate those getting these benefits who are not entitled to them. Once they shore them up, your social security will be safe as the entire account has been "robbed" through the years by past administrations--Democrats.
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