The Fed’s Magic Trick That’s Picking Your Pocket

Every year, the Federal Reserve robs you of a little bit of your wealth.
And it does so by design.
Writing for the Sovereign Man, Jeff Thomas called it a ‘magic trick.’ But it’s not magic in a mystical way. It’s magic in the show business sense of the word. It’s an illusion, facilitated by distraction that fools the audience. As a result, we all miss what’s actually happening.
How does the Fed rob you?
Inflation.
As Thomas put it, inflation is the ideal magic trick. The average person doesn’t see it as a tax. The magicians – the central bankers – present it to us as a normal and necessary part of the economy.
Rube Goldberg, was an American cartoonist, sculptor, author, engineer, and inventor. He was best known for building complex machines that only accomplished a very simple task, or in some cases didn’t do anything at all. When you look at the Federal Reserve justification for inflation, it brings to mind one of these Rube Goldberg machines.

This post was published at Schiffgold on DECEMBER 12, 2017.

 

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