He might even believe, along with his Fed colleagues, both past and present, that the fiat dollar will replace gold for millennia to come. At its inception the Fed got its marching orders: to become the ultimate lender of last resort to banks and business interests. The supporters of the new central bank in 1913 were well aware that commodity money did not “stretch” enough to satisfy the politician’s appetite for welfare and war spending.A printing press and computer, along with the removal of the gold standard, would eventually provide the tools for a worldwide fiat currency.For example, when Ronald Reagan took office in 1991, the U. national debt had just hit 994 billion dollars and the Dow was sitting at 951.And as you can see from this chart by via David Stockman, roughly that same ratio has held true throughout subsequent presidential administrations…There were images of sacred geometry and the Washington pentagram etc., along with images from Gen ISIS, and Gene SET, and news articles relevant to the drug war, Hemp, sovereignty, and many more subjects and topics.In 1997 Josh took the ideas public with his website freedomdomain.com, which is now, and temporarily defunct, due mostly to hacker DDOS attacks constantly, probably tracing back to government and cointelpro ops.After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a currency trader, equity analyst and junk bond analyst.
The cold hard truth is that we have been living way above our means for decades.
The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt.
On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U. national debt is right on the verge of hitting 20 trillion dollars. As you will see, there has been a very close correlation between the national debt and the Dow Jones Industrial Average for a very long time.
We’ve been there since 1971 and the results are not good.
Many modifications of policy mandates occurred between 19, and the Fed continues today in a desperate effort to prevent the total unwinding and collapse of a monetary system built on sand.