(05-22-2020 08:23 PM)EagleX Wrote:  the "redeemers" is the term I was looking for, but could not find

War always suspends the social contract and in our country suspends anti-trust laws for the sake of efficiency in a time of peril. So when the Civil War ended as usual the constraints on power and the manipulation of capital were not tended to and as a result we had several depression the worst of which was 1894-5 and lead T.R. to have a burning desire for anti-trust legislation. Wilson suspended it for WWI and the FED grew in power following it as a quasi governmental entity which operated on behalf of the wealthiest backers of it. The Great Depression in this country remained deflationary because we still pegged our currency to gold and less so to silver. FDR confiscated the Gold in '33 I think moving to silver. If we hadn't had that backing our currency would have been fiat like that of the Weimar Republic and our crisis would have been hyperinflationary like theirs. WWII brought about another suspension of anti-trust laws and the constant need for a conflict of small war has remained as a justification for not putting them back in place and the result has been a hijacking of the US Treasury by the FED.

If we face another true crisis it will be hyperinflationary and when they have negative interest rates we are well on our way. There are no free lunches so if they are forcing you to spend money and discouraging savings it means they backers of the bank are going to not give you a dime for your worthless money but they will sell you commodities and an every increasing price and foreclose your real property when you can't keep pace. Everyone of these cycle going back to ancient Rome have been used to consolidate wealth and not to generate it.

This to me is a bigger threat to our sovereignty than China. Had the Brits ever abandoned the Pound Sterling for the Euro they would have been toast and Germany would have accomplished through banking what 2 world wars couldn't deliver.

It's a lot to think about.