The Greater Depression article hits the nail on the head, for many more reasons than people choose to comprehend. How much Fed discretionary power remains now after basically signing over the nation's finances to the IMF right before the US presidential election?



Simple Fed movements now become a game of cat and mouse to determine who gets what power portion in the new game and the US will be struggling to get into 4th or 5th place via changes in reserve currency mix status after China, Japan, Europe, and the BRICS consortium similar to a financial OPEC. All of these entities will be exchanging their US reserves for IMF SDR's. At a tipping point of mass redemptions, the IMF will levy serious unconstitutional financial reforms upon the US and the Fed will happily bow out saying it is out of their hands. Such luxuries as Social Security/Medicare, Obama Care, Food Stamps, etc., etc. will go by the wayside along with their economy boosting side effects from the macro-spending they create. The Greater depression is only beginning but anyone with half a brain can easily foresee this if we remove our blinders. This undertaking speaks of hyper-inflation because no one will want to be held responsible.



Since mainly by virtue of having created the 2007 insanity, the Fed was equally ineffectual during the 2007-present depression recovery and all attempts to go forward in a meaningful manner, so now the whole central bank system should really be replaced with congressional oversight according to the US Constitution. The Fed's actions have been highly contrary to their stated goals more so to create a huge financial dilemma opening the door for people coercion/control but simultaneously with a huge cover-up, the details of which will go by the wayside due to the severity of the catastrophe.



At present nearly all markets including stocks, metals, and to a large degree bonds are obviously completely manipulated. There is zero incentive for Main Street to attempt economic recovery on their own since all their resources are now largely directed to survival rather than expansion. Until the top recognizes the importance and need for Main Street, eventually Wall Street will implode/self-destruct of their own devices, and if there remains enough remnants from this fallout, the whole 1-200 year cycle might then start over. By the way, the masses on Main Street are tagged to pay for this fiasco, but with what? Inflationary dollars? The second World War paid for the last such recovery with mostly Deflationary dollars which, as severe as it was, was child's play compared to the present mess.



As long as fiat money is the norm world-wide, people have little confidence that depressed deflationary money will hold value any better than inflationary dollars, especially now at the advent of digital fiat. When it becomes apparent that the end goal is to control the masses rather than to restore sanity to economic upheaval, people will likely realize too late that they voluntarily gave up what little freedom remains and that is their own few dollars of reserve if they are fortunate enough to have any.



The new digital currency while easy for people to use, is fraught with all kinds of red flags such as futuristic account manipulation with regards to across the board account fees, negative interest rates, etc., and eventually societal forces of what can your money be used for or not, and even product/service/choice rationing. All of the past freedom stealing episodes were preceded by a major dysfunction such as 911 or even economic crashes. Now that the stage has been set for the grand-daddy of all crashes, these types of freedom-stealing ostentatious tweaks will be implemented in order to eliminate cash/currency supposedly to control drugs, terror, money laundering, etc., but at what overall privacy/freedom expense?



Much of those problems they identify they will solve by a cashless society should have already been dealt with based on the dollars spent to do so, but they persist due primarily to corruption of the very systems that were supposed to do so. What makes people believe that the self-same corruption will not continue after these supposed privacy stealing measures are forced upon the masses? We've had zero or near zero interest rates for 7+ years but how much of this was passed on to Main Street? People still have credit cards that that charge 20%+ interest -- the same people whose future taxes are supposed to pay for some 4$Trillion of bank bailouts. The banks themselves were enticed by the Fed to re-deposit their bailout funds with the Fed at a higher interest rate than they could get by loaning out funds to Main Street. The same amount of funds used for bailouts could have restored nearly twice over the amount of money stolen or misappropriated from the Social Security Trust Fund with much greater economic benefit to the US Wall and Main Streets.



The whole scheme they are now concocting is like killing the baby in order to drain the bath water. What need is there for life if the very fabric of freedoms are fully and forever drained along with the swamp?