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Date Posted: Tuesday, June21, 11:58:pm
Author: left mind
Subject: Re: Fire Safety
In reply to: End game? 's message, "Re: Fire Safety" on Tuesday, June21, 06:19:am

Because you asked. Funding the U.S. economy IS centralized..the central bank of the federal reserve via treasury debt issuance to cover congressional deficit spending. The fed reserve increased its balance sheet by seven trillion during the "pandemic" period up until recent via the purchasing of municipal bonds, mortgage backed securities and other "facilities" with monies being allocated to corporations and individual States and down the line to the likes of the City of Newburghs. Look at the fed reserves's balance sheet, especially from say September '19 to the present, relative to M2 for the same period. They almost mirror. Now look at the money exchanging hands since the 2008 financial crisis relative to them. How is that money creation took off yet its velocity turned down. Answer, the economy was monetized...stawks, mortgages, student loans, etc. Could you imagine if the money created actually made it into a real economy what the inflation rate would be. It actually started to in Sept.'19 as a consequence of the fed reserve having to step in to be the buyer and lender of last resort. Just coincidentally, covid19 emerged giving an impetus to shut the economy down along with the money velocity, while the "printing presses" went into overdrive. Fast forward, the economy opened up but the money creation didn't stop as the deficits continue. The money is starting to find its way into the economy, too many dollars chasing too few goods...the result being inflation. There's nothing clandestine about that. -Point being, centralizing numerous municipaltys' departments would be a ledger exercise at this junction. To your point about Newburgh's think on public safety, what if there was a way to centrally control all the money all the time, say a central bank digital currency. I don't think that's the answer you're looking for, but that's probably how it will be sold and its coming. What could possibly go wrong?
"The controllers of our money system are the
controllers of our illicit political machines. " Gertrude Coogan, Money Creators January 29, 1935

https://fred.stlouisfed.org/series/WALCL fed res total assests
https://fred.stlouisfed.org/series/M2SL money/ deposits
https://fred.stlouisfed.org/series/M1V money changing hands

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