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The method by which the Federal Reserve creates money out of nothing; the concept of usury as the payment of interest on pretended loans; the true cause of the hidden tax called inflation; the way in which the Fed creates boom-bust cycles.
UNDERSTANDING THE ILLUSION
That’s really all one needs to know about the operation of the banking cartel under the protection of the Federal Reserve. But it would be a shame to stop here without taking a look at the actual cogs, mirrors, and pulleys that make the magical mechanism work. It is a truly fascinating engine of mystery and deception. Let us, therefore, turn our attention to the actual process by which the magicians create the illusion of modern money. First we shall stand back for a general view to see the overall action. Then we shall move in closer and examine each component in detail.
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Antitrust crusaders and Wall Street watchdogs are closely watching how the Biden administration handles a CFPB rule on financial data.
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Rohit Chopra, President Joe Biden’s nominee to lead the Consumer Financial Protection Bureau, is likely to have final say over the rule governing consumer access to financial data.
Two of the intellectual centers of the progressive movement are closely watching how President Joe Biden’s administration chooses to write and implement a new rule governing consumers’ access to their financial data, seeing it as an early test for the administration’s willingness to break with business-as-usual approaches to financial regulation.
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