The world’s major banks and central banks have been in a constant battle for over a century to control the flow of capital and credit. They are constantly striving to gain control of the financial system and dominate the flow of money. Their tactics have been to create economic crises and to manipulate markets by creating bubbles, using low interest rates and the printing of money, and by using various forms of debt that are not backed by anything real.
One way in which they’ve been able to do this has been by creating financial crises, such as the Great Financial Crisis of 2008. In that crisis, a group of central bankers created a series of “debt” derivatives, which were used to artificially inflate the prices of stocks and bonds, with the ultimate goal of causing the markets to crash and causing the government to step in and bail them out.
This is an important point. The Federal Reserve was created by Congress in the 1970s. The Fed created a series of “quantitative easing” programmes which artificially inflated the prices of financial assets and led to the collapse of the U.S. economy in 2008. This is a type of debt (known as “credit default swaps”) which was used to create the crisis and was not backed by anything real.
The Fed is a system of bankers (and in fact is the only one of these systems allowed to exist) that are supposed to buy and sell the government debt of nations, as long as there is a risk of defaults. This is why the Fed is supposed to buy government bonds at low rates of interest. They do this by buying the debt of other nations and then selling it to the U.S. at a higher rate of interest.
The main reason for this is to protect the government from having to pay the high rates of interest that this creates. The Fed is in reality the only government in the world that has the power to create the debt needed to buy government bonds. If it can get countries to default, then the U.S can create the amount of debt needed to pay the bondholders and the Fed will have to go out and buy the same debt to get the money it needs.
Franklin was a big believer in private property rights, so it makes sense that he would believe that the Fed should have the right to create debt from the private sector. The problem is, this isn’t actually how things work. The Fed is an agency that is supposed to be independent of government, but they have become so powerful that we can’t really trust them.
The problem is that they are not independent. They are beholden to the government in Washington, D.C. The Fed can create money by selling Treasury Bonds, or by buying an auction of public debt. They can also borrow by issuing its own debt.
This power comes with a price though. The Fed cannot create money unless its issuer is in the government. As long as the Fed is in the government, it can create debt from the private sector (or sell it to the government). But if the Fed is not in the government, it can’t create money from the private sector. So, as the article says, the private sector would be free to create debt from themselves.
Treasury bonds are one of the oldest forms of debt still in existence. Back in the 1960s, they formed the basis for the US Federal Reserve. Now they are the basis for other countries as well, but the idea is still there. We all know we need more debt to keep our economy growing. The problem is that the US has a large amount of debt, which is not a good problem to have.
What we have right now is an economy that is in debt. There are some people who say that it is good for the economy because it forces politicians to be more frugal with the money they get. I don’t think that’s true. I think it is an overreaction to the debt-related problems that we have. More debt is great for the economy, but it is not a good thing.