In this video, I talk with author and economic analyst John Sneisen about the most recent news of the Federal Reserve raising interest rates once again!
The Federal Reserve raised interest rates on Wednesday from 2% to 2.5%. They have announced they will raise them once more this year and three more times next year. This is an absolute sign of desperation as we look back at the time frame of 2008 to 2012 where the Fed dropped rates 5.5% attempting to divert the inevitable crash which has instead been put off and propped up into an even bigger monster. That monster needs to come down eventually and it seems clear that the Federal Reserve and the major bankrupt banks are quite aware of the coming collapse. They are desperately trying to stay relevant and prop up the system as long as humanly possible.
Interestingly, interest rates are such a huge part of spending that they're likely to cross the budget for that global racket we cannot mention on YouTube or Facebook without our video being hidden from the majority of people. Keywords my friends.
This is absolutely terrible. People are being forced into debt and poverty by this massive centralized system based in the dependence of the populace. Individuals must break free from this system and decentralize everything. Rule themselves. Be self sustainable. Financially responsible as responsibility is the hallmark of freedom itself.
All fiat currencies eventually revert to their true value of zero and this time is no different. On top of breaking down the most recent news regarding interest rates, inflation and spending, we also talk briefly about the history of this system going back a thousand years to 1024AD in China as well as the history of the United States and central banking powers. From Franklin to Powell, this isn't a new problem, it's just an insanely repetative problem. This cycle will not end without education. Otherwise we will perpetuate this paradigm for the rest of time and it'll only get worse with each collapse.
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