When Nixon ended the gold standard in 1971, the U.S. switched from equity-based to debt-based money. In this system, debt creates more debt, requiring constant monetary expansion. The Fed's 2% inflation target isn't a flaw but a feature, eroding roughly 10% of wealth every five years.
It's not a bug, it's a feature. So when Nixon took us off of the gold standard in 1971, he severed all ties and we're in a debt-based— we went from an equity-based to now a debt-based monetary system. And so that means that the money is created through debt issuance. And that means that in that type of a system, the debt becomes the asset or collateral for more debt. And so in that system, it has to always grow. That's why Jerome Powell and the Federal Reserve says, Our target is 2% inflation. It's higher than that, but our goal is 2%. So their goal is to only steal 2% a year, or that's 10% of your wealth every 5 years. That's their goal. If you want to know more about creating a wealth operating system, just comment ready and we'll send you the link.
