{"id":34914,"date":"2018-06-08T07:29:14","date_gmt":"2018-06-08T12:29:14","guid":{"rendered":"http:\/\/olduvai.ca\/?p=34914"},"modified":"2018-06-08T07:29:14","modified_gmt":"2018-06-08T12:29:14","slug":"the-federal-reserves-shell-game","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=34914","title":{"rendered":"The Federal Reserve\u2019s Shell Game"},"content":{"rendered":"
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The Federal Reserve\u2019s Shell Game<\/a><\/h3>\n
Inflation, wealth redistribution, and the subtle art of misdirection<\/strong><\/div>\n<\/div>\n
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The Federal Reserve is a key component of the US government’s wealth redistribution apparatus. Under the guise of \u201cmacroeconomic management,\u201d it redistributes vast amounts of wealth on an ongoing basis through inflation. The victims of these transfers are ordinary Americans. The beneficiaries are the government and its elite cronies.<\/p>\n

The Fed masks the nature of this surreptitious taxation and corporate welfare by performing a simple shell game that is just complicated enough to confound the general public.<\/p>\n

First, let\u2019s imagine the government performing this kind of inflationary transfer without the shell game.<\/p>\n

Let There Be Money<\/strong><\/p>\n

Imagine Uncle Sam sitting at a desk, representing the Federal government. His right hand is the Treasury. It has the government\u2019s main bank account, represented by a ledger on the desk. Uncle Sam also has revenue collecting powers, represented by a gun resting on the desk, which he uses to extort taxes from the public. Whenever he confiscates money, the cash balances of the public decline, and Uncle Sam\u2019s ledger increases by the same amount.<\/p>\n

As the God of the Bible could say, \u201cLet there be light\u201d (in Latin,\u00a0fiat lux<\/em>) and it was so, the State can say, \u201cLet there be money\u201d (fiat pecunia<\/em>) and it is so. <\/span><\/p>\n

Now let\u2019s say Uncle Sam wants to raise $200 million for current expenditures: bureaucrat salaries, weapons purchases, welfare payments, etc. The problem is, the public has a limited tolerance for overt taxation. So, at a certain point, if Uncle Sam simply gestures to his gun again to levy the funds, he might face a tax revolt.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

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The Federal Reserve\u2019s Shell Game Inflation, wealth redistribution, and the subtle art of misdirection The Federal Reserve is a key component of the US government’s wealth redistribution apparatus. Under the guise of \u201cmacroeconomic management,\u201d it redistributes vast amounts of wealth on an ongoing basis through inflation. The victims of these transfers are ordinary Americans. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[303,19708,309,14991,426,6301,1257,18336,3650,5043],"class_list":["post-34914","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-fee","tag-fiat-currency","tag-foundation-for-economic-education","tag-inflation","tag-shell-game","tag-taxation","tag-treasury","tag-us-federal-reserve","tag-wealth-redistribution"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34914"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34914\/revisions"}],"predecessor-version":[{"id":34915,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34914\/revisions\/34915"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}