The central bank is the sole reason why the US military can spend $600+ billion every year.
It has funded the NSA build-out. It has funded all the wars, all the boondoggle military projects, and all the spying. America is bankrupt except for that little clock ticking off as each dollar is printed and the spiral downward continues.
Run the math on paying back $20 trillion in public debt. It can't ever be paid back under any scenario no matter what happens. That $20t is the tiny baby cousin to the entitlements disaster that totals at least a hundred trillion in unfunded liabilities; meanwhile Social Security is already bleeding out, while the politicians pander to a non-existent SS trust.
Take away the central bank's financing - which has covered over 3/4 of all government debt since the deficits erupted, not to mention artificially propping up tax revenues with new stock market and real estate bubbles - and you then have to decide between dissolving the entire US military or getting rid of Social Security or Medicare / Medicaid.
Without the Fed holding down interest rates via 'printing,' the $16+ trillion in public debt we already have, would turn America into a 2nd world nation instantly (if we were so lucky). How does 7% on $16 trillion sound, minus the ability to fund deficits. That would remove $1.8 trillion from the government's budget, effectively wiping out half of the Federal Government.
So yes, the central bank is absolutely at the middle of all of it. The NSA as we know it today does not exist without the printing presses to pay for it all.
It has funded the NSA build-out. It has funded all the wars, all the boondoggle military projects, and all the spying. America is bankrupt except for that little clock ticking off as each dollar is printed and the spiral downward continues.
Run the math on paying back $20 trillion in public debt. It can't ever be paid back under any scenario no matter what happens. That $20t is the tiny baby cousin to the entitlements disaster that totals at least a hundred trillion in unfunded liabilities; meanwhile Social Security is already bleeding out, while the politicians pander to a non-existent SS trust.
Take away the central bank's financing - which has covered over 3/4 of all government debt since the deficits erupted, not to mention artificially propping up tax revenues with new stock market and real estate bubbles - and you then have to decide between dissolving the entire US military or getting rid of Social Security or Medicare / Medicaid.
Without the Fed holding down interest rates via 'printing,' the $16+ trillion in public debt we already have, would turn America into a 2nd world nation instantly (if we were so lucky). How does 7% on $16 trillion sound, minus the ability to fund deficits. That would remove $1.8 trillion from the government's budget, effectively wiping out half of the Federal Government.
So yes, the central bank is absolutely at the middle of all of it. The NSA as we know it today does not exist without the printing presses to pay for it all.