A speech by Stefan Molyneux, host of Freedomain Radio. End the Fed!
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The Federal Reserve — the Ponzi-scheme counterfeiting of money to enrich the politically connected at the expense of the poor, the weak, the old, and the sick — the Federal Reserve is a civilization-threatening drug.
Evil is costly — the initiation of force is expensive and risky. Violence makes enemies, starts turf wars, sickens the soul, kills love, ends lives…
What stops the growth of evil? The same thing that stops the growth of any sickness — pain, treatment and cure.
Evil is very, very costly. War — the greatest evil — is staggeringly expensive. The Pentagon loses literally billions of dollars under its couches every single year. It uses a million bullets to put just one bullet into another human being. War shreds economies, minds, hearts, relationships, health, wealth, freedom — war destroys civilizations.
What stops war? The same thing that stops any gambling addict — running out of money.
War is stopped only by poverty. When you cannot pay the soldiers, well – blessed become the peacemakers.
War is limited by economics, by costs, by the hard wall of hard currency.
Unless — unless war is – not free, but profitable…
This is where the Federal Reserve comes in.
Who pays for war? A defensive war, unprovoked and unavoidable, sure, we would all chip in for that. But a lying swaggering endless missile-hurling overseas mass murder?
To cover current government spending, taxes would have to be raised almost 60%.
We have wars and bailouts and untold bribery and tax cuts — paid for by what?
Who keeps lending to a country hell bent on Empire? No one, because war and empire drain the treasury – look at England after the 2nd world war — ran out of money, and closed down the Empire.
Lend to warmongers, and what will they pay you back with? Broken pottery? Bloodstained bodies? Bones? Dust? Lamentations?
War is not profitable, it is not a growth industry. It grows like a tumor grows, at the expense of life.
How, then, is it fed?
It is fed, by the Fed.
China has lent the US a little over a trillion dollars. The Federal Reserve has lent and created almost 7 trillion dollars.
7 trillion dollars — that’s 8 times the spending on the Iraq war — 12 times the spending in Afghanistan.
Over the last 6 years, there have been very few new taxes — even though total fiscal spending has risen nearly $1 trillion per year.
How is this possible?
It’s possible — it’s happening — because the Federal Reserve creates the free money that makes evil profitable.
7 trillion dollars covers the bills for a lot of evil.
If there was truth in advertising, the Federal Reserve would have this slogan: