A note from the Editor: At Red Profit Reports, we keep an eye out for favorable circumstances we believe will interest our readers. The following is one such message from one of our colleagues I think you'll appreciate.
Dear Reader,
If you feel like something in America has been “off” lately, you are not wrong.
64% of Americans are now living paycheck to paycheck…
Personal savings of Americans have crashed to the lowest level since 2008…
Americans are forced to pay 17% or more interest on credit cards… While they earn nearly 0% on their savings in their bank account.
And that's not even all… Look at these numbers:
Gas jumped over $5 a gallon this summer…
Housing and rent have soared as much as 40% across the nation…
College debt has hit a new record— a $1.7 trillion a crisis…
Groceries are up as high as 16%…
And all this is happening due to the actions of one group of unelected officials who, according to PhD and former Goldman Sachs managing director Nomi Prins, are secretly pulling off what could be
“Is America really free if a private bank owns and controls our economy?”
And Forbes warns:
“[This group] is more powerful than Congress yet has less accountability than even the Central Intelligence Agency (CIA). That kind of power and privacy is dangerous in the hands of an institution that has a complete monopoly over our money supply”
This powerful force in America is the Federal Reserve. And it's created a new threat that Nomi says could will change everything about America for decades to come… A threat worse than a market crash.
The New York Times posted:
“The Fed controls the flow of the money, and it flows to the wealthy… Only the rich could love this…”
So what exactly is going on?
Today, Nomi believes we're on the verge of a $40 trillion transfer of wealth from the middle class to the rich…
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