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IPFS News Link • Central Banks/Banking

How The Nation's Central Bank Is Covertly "Nudging" Americans --

• https://www.lewrockwell.com by Bill Sardi

Ever heard of the Cantillon Effect?  Neither had I.

It is what is happening right now in America, and it reveals that the primary objective of the nation's exclusive distributor of money, the Federal Reserve Bank, is to boost the value of wealthy people's incomes at the expense of the poor, which is why the rich get richer and the poor get poorer in America today.

First, a reader needs some backgrounding before wading through all the financial gibberish found online.

The status of the American economy is determined by how much Americans spend versus save.  Consumer spending accounts for roughly 70% of US economic growth.  If Americans are saving or paying down their credit cards rather than buying stuff, the economy falls flat.


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