• Mulligrubs@lemmy.world
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    6 days ago

    … and just like that, you figured out what the FED is for, and that our world economy is based on debt, with inflation used to defraud the hordes of workers from adequate wages.

    Once the inflationary economy crashes, banks buy up those previously inflated assets at rock-bottom prices, and the process begins anew.

      • Mulligrubs@lemmy.world
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        5 days ago

        Reason for The FED founding… let’s stop those bubbles!

        Immediately after FED founding… POP oh no! Well, let’s keep it anyway. It makes JP Morgan so happy, look at him giggling!!