We have a State Capitalist Federal Reserve Uniparty comprised of the Fed’s shareholders, the big banks, and also both left and right establishment politicians, who endlessly work for the top 10% of US wealth holders that own 88% of all stocks, 85% of all private businesses and 50% of all pensions. The entire system is geared to support this club (and yes, they are also mainly boomers) to the tune of acquisition of 3% of ALL ASSETS per decade. The privatization of profits and the socialization of losses.
There is not a country on Earth that practices free market capitalism. The Fed is a con, plain and simple. God only knows what true capitalism, real price discovery and sovereign nations trading with each other in a free market would be like. Imagine sovereign nations issuing their own currencies. God only knows where we would be today, had the Federal Reserve and the IRS (both created in 1913, btw) never been created. No orchestrated booms and busts, no crony capitalism, no corporate tax subsidies, no failing IPOs, no QE, no counterfeiting Central Banks, no metal market rigging, no derivatives. Only states were supposed to impose an income tax. We are so far from free market capitalism, it is staggering. This is the Federal Reserve Uniparty