There is a difference between FED liquidity and the Dollar. Fed Liquidity is called Federal Reserve Note. It is traded on the market AS a USD. It looks like a USD but is not.
The word like is derived from lijk or leiche, which is a dead body, a skeleton if you wish. And that skeleton is in everybodies closet.
Of course, you can think of the FRN being a US issue, but looking at markets, the real issue is not Ststes-side but off-shore called Euro-Dollar. It is an opaque market. And this market is an even bigger shithouse than domestic Federal Reserve Notes.
At any rate, fighting inflation by repatriating the FRN into the FED coffers, like in a CBDC direct debit accounts, basically means restricting the access of a medium of exchange to do business by the people themselves. It simply means an extra measure to prevent you from doing business.
As history has shown, and Patman so eloquently put down in words, first by inflation ( meaning the increase of the money supply, i.e. buying government debt) then by deflation ( restricting the size of the money supply by, for instance, curbing the access of the people to a medium of exchange) Central banks and the companies that grow up around them, will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.
This is the game.
However, it also contains the seed of destroying the FED.
There is a difference between FED liquidity and the Dollar. Fed Liquidity is called Federal Reserve Note. It is traded on the market AS a USD. It looks like a USD but is not.
The word like is derived from lijk or leiche, which is a dead body, a skeleton if you wish. And that skeleton is in everybodies closet.
Of course, you can think of the FRN being a US issue, but looking at markets, the real issue is not Ststes-side but off-shore called Euro-Dollar. It is an opaque market. And this market is an even bigger shithouse than domestic Federal Reserve Notes.
At any rate, fighting inflation by repatriating the FRN into the FED coffers, like in a CBDC direct debit accounts, basically means restricting the access of a medium of exchange to do business by the people themselves. It simply means an extra measure to prevent you from doing business.
As history has shown, and Patman so eloquently put down in words, first by inflation ( meaning the increase of the money supply, i.e. buying government debt) then by deflation ( restricting the size of the money supply by, for instance, curbing the access of the people to a medium of exchange) Central banks and the companies that grow up around them, will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.
This is the game.
However, it also contains the seed of destroying the FED.