No confiscation and probably not even much in the way of increased taxes. But definitely a lot of printing, because printing is far easier than their other options both practically and politically. To quote myself from earlier in the thread:
The Coming Confiscation of Financial Assets
- Thread starter mr2
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Interesting anecdote:
“People work in order to convert their time into a unit of account,” he said. “We call that money, and it’s an invention that allows us to store time.” Most people have stored little or none. So when they receive money, they quickly purchase necessities; food, shelter, health care. “People who are able to save money inevitably purchase real estate, stocks, bonds – all of which are alternative vehicles for storing time.” One share of Google stores 30 hours of work for the average American, or 30 minutes of copying-and-pasting formation documents for the average hedge fund attorney. “Bill Gates has stored enough time to fund a 1bln person army for 20 years.” As the gulf between people’s income has grown, the amount of stored time has accumulated in fewer hands. “Wealthy people convert their hours into financial assets so that they can accumulate excess hours relative to their fellow man. But the average worker is simply thinking how to exchange hours for dollars and then exchange those for food.” Central banks face a different problem altogether. They need to get people who’ve saved time to exchange it for something other than clever inventions that store it. They’ve largely failed. So now, everything that stores time is extremely expensive and offers little or negative return, while the pace of economic activity slows. “The problem that we face now is that there is simply too much time that’s been saved. Another way of saying it is that there’s too much capital in the world, in too few hands.” To restart the system, capital needs to exchange hands or be destroyed, spurring people to rebuild their store of time, rather than just save it. “It is an elemental truth that at some point, through inflation, war, or confiscation and redistribution, this imbalance will correct, and the system will then restart.”
“People work in order to convert their time into a unit of account,” he said. “We call that money, and it’s an invention that allows us to store time.” Most people have stored little or none. So when they receive money, they quickly purchase necessities; food, shelter, health care. “People who are able to save money inevitably purchase real estate, stocks, bonds – all of which are alternative vehicles for storing time.” One share of Google stores 30 hours of work for the average American, or 30 minutes of copying-and-pasting formation documents for the average hedge fund attorney. “Bill Gates has stored enough time to fund a 1bln person army for 20 years.” As the gulf between people’s income has grown, the amount of stored time has accumulated in fewer hands. “Wealthy people convert their hours into financial assets so that they can accumulate excess hours relative to their fellow man. But the average worker is simply thinking how to exchange hours for dollars and then exchange those for food.” Central banks face a different problem altogether. They need to get people who’ve saved time to exchange it for something other than clever inventions that store it. They’ve largely failed. So now, everything that stores time is extremely expensive and offers little or negative return, while the pace of economic activity slows. “The problem that we face now is that there is simply too much time that’s been saved. Another way of saying it is that there’s too much capital in the world, in too few hands.” To restart the system, capital needs to exchange hands or be destroyed, spurring people to rebuild their store of time, rather than just save it. “It is an elemental truth that at some point, through inflation, war, or confiscation and redistribution, this imbalance will correct, and the system will then restart.”
The root of the problem is this: the fiat “money” does not store time.
“Too much capital in the world” is the inverse of what is actually happening. Central banking has created a system where 7 billion people cannot acquire capital, ever. Capital is what builds civilizations, but the vast majority of human potential is wasted as debt slaves, to the banking system that, just like cancer cells, consume resources while providing no value, eventually leading to disease and death.
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The Fed has a dual mandate publicly; to keep prices/inflation under control, and to keep a strong labor market/full employment.
But then when Jay Powell is not at a Fed meeting, he's on 60 Minutes, he talks about how the US Debt is a massive problem. He is not a stupid man; it suggests to me that the Fed's actual need is not "helping people" but rather it is the executioner of the insane deficits that the Gov't creates.
Has anyone else seen a phenomena of civil servants, police, military, or government employees being axed at 18-19 years in before they can retrieve their pension after 20? Particularly White males (go figure). Some officers if they are passed over in the military at the promotion boards of 14-15 years may not be able to continue serving because they are systematically sidelined before reaching the 20-year milestone. This is not direct confiscation of assets but it is prevention of access to future assets which contributes to the overall enslavement factor of men not being able to control their finances or live out their lives after serving a system that wants them dead. "Thank you for your service goy." This is one of the end results of systemic favoritism overtaken by diversity quotas. I have this sense that even the White male federal agents who serve Mammon will not be spared in the coming years. They're use is almost at an end to their masters.
Sort of, but they also have in US Code that the inflation rate is supposed to be ZERO. Tom McClellan posts this occasionally on his X site (he's the Oscillator guy).
They generally put on a show is what they do, not totally divorced from attempts here and there to manage things, but when the crap hits the fan they are absolutely having meetings and are, I am sure, with the clear understanding that if they don't do X, something "will happen".
Who told you this was happening?