The United States central bank, the Federal Reserve, kicked off an anticipated series of interest rate cuts on Wednesday. The cut was said to be a larger-than-usual half-percentage-point reduction that Federal Reserve Chair Jerome Powell said was meant to show policymakers’ commitment to sustaining a low unemployment rate now that inflation has eased.
Inflation has eased? Perhaps these rulers and sociopaths haven’t been to the grocery store lately. In fact, that’s exactly what’s going on. Those in the ruling class and affiliated with it can just add numbers to their account while stealing from (taxing) the slave class and watching them scramble to afford a trip to the grocery store.
“We made a good strong start and I am very pleased that we did,” Powell said at a press conference after the Fed, noting its increased confidence that the country’s bout with high inflation was over, reduced its benchmark policy rate by 50 basis points to the 4.75%-5.00% range. “The logic of this both from an economic standpoint and from a risk management standpoint was clear.”
So clear in fact that Powell, who has championed policy-by-consensus since becoming Fed chief in 2018, saw the first dissent from a Fed governor since 2005 when Michelle Bowman voted against the decision in favor of a smaller quarter-percentage-point rate cut – evidence some analysts said of his motivation to start the Fed’s easing cycle in a compelling way.
Powell called the move a “recalibration” to account for the sharp decline in inflation since last year; he noted that the economy remained strong but the central bank wanted to stay ahead of and stave off any weakening in the job market; analysts saw a nod to what has been an overarching aim of his to avoid unnecessarily trading higher unemployment to reach the central bank’s 2% inflation target. -Reuters
Never forget that the central bank’s goal is never to help the slave class. Like anyone in power, the goal is to control others and make sure there is a continued and sustained amassing of power. These moves are all just steps toward the eventual central bank digital currency. As the system crumbles, the Fed will make sure they come in with the “solution” and it will be obvious financial slavery. Coupled with the government’s increasing control over movement and speech, the future is looking incredibly dystopian.
CBDCs Will Allow Police To Collect, Store Personal Data For Surveillance State, IMF Paper Reveals
Ruling Class Plans To “Fix” The Wealth Gap By Enslaving Everyone With CBDC
These ruling entities never make moves for the good of anyone but themselves. Almost a year ago, we touched on the subject of a new report about the “need” for governments to enact CBDCs (central bank digital currency) in order to maintain control over an ever-awakening humanity.
A new report by Legacy Research claims that universal basic income (UBI) will pave the way for the rulers’ endgame: CBDC. By dolling out a UBI with the help of a digital ID and CBDC, the slave class will be able to be fully controlled by the rulers. -SHTFPlan
Stay aware, because this is approaching. Unless a massive event (false flag or otherwise) we may still have a few years before the rulers actually attempt this form of abject enslavement.
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