The US Private Central Bank – aware of the naked fact that there isn’t enough surplus wealth even with the moneychanger Financial Industry’s leveraged takeover of the global real economy and its political system – is buying ex nihilo its own debt and producing a new Real Bill Doctrine – real money traded for items that sustain the working citizen, the deserved and undeserved entitled beneficiary, and ultimately the US asset-debt system.
The US Private Central Bank is printing money, creating electronic money, and maintaining its flow to the US military; to US military and other contractors including the politically connected, well rewarded, prescription drug companies; to the US retiree pensioners; to the US medical care business for retirees(25 % of which goes to administrative cost); to the US poor for rent money and food and medical care, the former of which is transferred immediately to the US Rentier Class deposit holdings and the latter two of which are transferred to food retail chains and again to the wealthy third party medical business providers – Et. Al.
Without continued private US Central Bank money creation traded for services – whose value may be questioned but whose benefit to the sustenance of the forward-consumption asset debt is questionable only by those who fail to understand the demultiplier effect on general economic activity and asset-debt system continued (bad) debt servicing- the asset-debt system would implode (more rapidly)
The US private Central Bank and its chairman understand precisely the implosion consequences of an abrupt discontinuation of the system’s evolved hand-outs and entitlements. Some of these entitlements are deserved, paid for, and promised for by 80 years of social contract and established law. Some of the entitlements act as negative incentives and drags on ‘real’ economic growth and on valued added asset-debt macroeconomic system activity.
For the the US Party representing the US Super Rich, what would have been the current US debt? – Sans the 2000-2008 presidential Iraq and Afghanistan War involvement, Medicare drug entitlement expansion, and support of Financial Industry leveraged US housing bubble activity. What might have happened if the 911events would have ended in Toro Bora without a decade occult relocation to Pakistan, America’s nuclear ally friend and substantial foreign aide recipient.?
Events are causal and deterministic.
What happens are determined to occur based on what has previously transpired.
And so in 1998 the Financial Industry, propelled by the Central Bank’s coordinated salvage of the Global Nobel Prize Winners’ Long Term Capital Derivative Collapse, stepped up their moneychanging financial engineering leveraged activity and created the real estate over valued, over produced market – that is the quintessential determinant leveraged asset force ensuring Asset-System collapse.
US worker domiciles are the primary long term investment unit of the forward consumption working class. Manipulate this element and the asset-debt system is at substantially increased risk.
When the real estate market investments were hyped by the money changer Financial Industry, the forward consumption working class was left holding a mortgage bag that could not be repaid; basic wealth parameters within the Asset-Debt system underwent disequilibrium, and the forward consumption Asset-Debt system was destined to undergo inevitable devolution.
Against the devolution was/is the US central private bank which in addition to price stability and a reasonable level of unemployment, has as a goal, continuation of private debt repayment, and more broadly, continuation of a variant form of the current asset debt system.