The old adage, "money doesnt grow on trees" only applies to us but not to the US government. They can grow money on their money tree all day long in partnership with the Fed and that is, unfortunately, where our upcoming stimulus checks are coming from. So it begs the question... where is it coming from? How is it created and why don't we have to pay it back?
in Part 1 of this discussion we tackle the backstory of the partnership between the Federal Reserve and the US Treasury to fill in some of the narrative of how "growth by debt" works and why it will keep us as the middle class enslaved to an unhealthy financial agenda.
Resources and Mentions:
The Creature From Jekyll Island : A Second Look at the Federal Reserve
The Maker Versus the Takers: What Jesus Really Said About Social Justice and Economics
1 Samuel 8
2 Corinthians 8:9
John 14
1 Corinthians 2
Contact:
PW Gopal - pw.gopal@thebluecollarmoney.com
Mike Hatch - mikehatch@thebluecollarmoney.com