The day after the midterm elections, the Federal Reserve prints up another $600 billion dollars. This move by the fed will continue to devalue the dollar, hurting citizens whose investments are tied to interest rates, while adding to the bottom line of the big banks on Wall Street.
By devaluing the dollar, commodities such as food, clothing and gasoline will continue to skyrocket, putting further financial pressure on a tapped out citizenry. In a period when prices should be falling, the Fed monetizes the debt, ensuring prices will rise.
The so called “quantitative easing” by the Federal Reserve is estimated to devalue the dollar by as much as 20%, which amounts to a 20% hidden tax on all Americans.
Since its inception, the Federal Reserve has devalued the dollar by 90%.