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the privately owned "federal" reserve /becoming/ irrelevant?

they've always been irrelevant. just another means to devalue the fiat currency and shift money to the already rich.

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Dec 17, 2022Liked by Peter Nayland Kust

We're getting the recession we should have had in 2020-2021 as a result of the crippling lock-downs. The FedGov (and governments around the world) papered that over by borrowing a bunch of freshly printed money, which created demand for things, but no supply and thus made inflation inevitable.

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