**Note: We are republishing each of the 22 challenges from Catherine’s fiscal cliff article – one a week. Helps to digest them bit by bit!**
By Catherine Austin Fitts
The federal government has delegated the management of monetary policy to a privately controlled central bank, resulting in the debasement of $20-30+ trillion of U.S. savings since its creation.
This is a significant topic that is well worth exploring. Much of global geopolitics is driven by what the U.S. government and miltary must do to ensure that the dollar’s status as reserve currency is maintained.
Currency debasement is an especially sensitive issue as Congress approaches the fiscal cliff. Managed inflation has produced profits and increased asset valuations that do not reflect an increase in real wealth. If the money supply is growing at 10% and a real estate value is increasing at 2%, then in fact, real value is falling. Hence, paying an increased capital gains tax to the government on what is in effect a nominal increase but really a decrease in the purchasing value of real assets engineered by the government, is quite frustrating.
To better understand how debasement of the U.S. currency has drained you and your family:
Or how this has drained your community:
Is Your Community Waving Goodbye to $3.3 Billion
Or what you can do about it:
The Solari Report Building Wealth Collection
