Submitted by JC
“What difference does an increase in the National Debt make? We owe it to ourselves.” is something that virtually every Keynesian has declared. Such a federal program gives the government/Congress purchasing power not previously available—to buy votes (and campaign contributions) from home. Unfortunately, the inflation created dilutes the purchasing power and value of assets owned by individuals.
The methodology and extent of the transfer of wealth has been exponentially altered by the Federal Reserve’s use of QE—without public awareness—within the recent 24 years. (Page 4)
Keynesism, an euphemism for inflation by credit expansion, also known as Modern Monetary Theory [MMT], is an action of debauching the currency.1 As Lenin said: “There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency.” A coup, with financiers foreclosing on the $28 trillion debt, is the ultimate object. Think Greece. 2…
