by Harley Schlanger, LaRouche Organization:
In 2023, the U.S. economy experienced the 2nd, 3rd and 4th largest bank failures in U.S. history. The FDIC shelled out $1 billion last week to allow the takeover of the failing Republic First Bank of Philadelphia, while other, larger banks are threatened with collapse by asset devaluations in the $23 trillion commercial real estate market. In response, the crooks in the Military-Industrial-Financial establishment are demanding hundreds of billions of taxpayer dollars to pay for their wars, to weaken nations — such as Russia and China — which refuse to submit to the demands of the Unipolar World Order. I will be discussing this today with Helga Zepp-LaRouche in our weekly dialogue. You can participate by sending questions/comments to questions@schillerinstitute.org
World reserve status allows for amazing latitude in terms of monetary policy. The Federal Reserve understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The dollar’s petro-status also makes it essential for trading oil globally. This means that the central bank of the US has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
Who could have seen this coming?
Despite almost zero coverage in the mainstream corporate media, this sea change in the way transactions are conducted has been decades in the making and will end the concept of privacy and anonymity
