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 they've blown the economy into these immense Bubbles and they blow a bubble up and if a pin comes along and puts a little hole in that bubble and it starts to leak to prevent it from bursting they will slap some tape on it and then to stimulate the economy they'll blow it bigger and bigger this video is once again about the utter cluelessness of the morons and bozos that run our Global Currency system and you know I just realized today I've still been calling it a monetary system when for the last 15 years I have been

defining the difference between currency and money and it can't be a monetary system if it doesn't use money it's a Global Currency system National Fiat currencies none of the problems that we are currently experiencing would be happening if we used money something that wasn't created from debt something that couldn't be expanded on a whim in debting the global population like it is but first I want to just say that you know I hope that everybody had a really great Independence Day and if you live

in the United States I hope your 4th of July was great as well so I'm going to visit this story on Zero Hedge the most expensive Independence Day cookout ever ever and you know they talk about how many billions of dollars that people are going to spend this year versus uh you know 2014 it was 6.3 billion now it's 9.9.5 billion but they give the average cost so the respondents saying they were going to celebrate this year and an average of 93.84 per person uh in these cookouts now cookouts this

is mostly hamburgers hot dogs beer and soft drinks right so we're getting close to 100 bucks per person uh up from 84 dollars and 12 cents so let's take a quick look on a uh inflation calendar and percentage calculator here 84.12 cents to 93.34 is 11 inflation I'm rounding up here because it's pretty darn close to 11 now let's see what the uh CP lie says the Bureau of Labor Statistics with their CP lie says that no people are only going to spend four percent more this year it

isn't going to be so food they have at 6.7 percent when we just saw that year over year these are year-over-year statistics that the Bureau of Labor is trying to calculate here but and uh they're lying it was was eleven percent not six point seven percent but you know I pointed out a while ago that uh a few few videos ago that gen that Yellen was blaming consumers for inflation and that's the latest government's latest attempt to deflect blame for its policies and it is but Yellen also

blames America's for splurging for record high inflation and uh she also says she was wrong about the risks of inflation and she was wrong about the path that inflation would take well you know it's it's I pointed out before that it's not the consumers they the Federal Reserve inflated the monetary base this is uh Reserve balances now Reserve balances went from before the pandemic a low of um 4.439 so 4.4 trillion up to uh 4.193 trillion so now Reserve balances when they inflate the

Bank Reserves this tends to end up going toward financial markets these reserves are actually stuck here because the banks can't use them to actually buy something but under QE they're instructed by the Federal Reserve when the Federal Reserve buys assets from the banks and puts all this cash on their balance sheet as Bank Reserves they then instruct them to go out and buy something that thing that ends up being owned by the Federal Reserve the Federal Reserve can't pay uh Charles Schwab or

Fidelity for a bond or whatever they pay the bank the bank then uh pays they create M2 Bank credit Currency Bank ious and that goes into the Bro the bank account of Charles Schwab or uh Bank of America Securities or whatever uh entity purchased that sold that Bond or asset to the Federal Reserve because all of this is created when the Federal Reserve buys something that's where the Bank Reserves come from the Federal Reserve has to buy an asset to increase uh Bank Reserves but because they can't pay them

directly it gets stuck in the reserve accounts of all of these Banks so from 1.44 up to 4.19 is a 190 percent 191 percent increase now the Federal Reserve only has a couple of different tools that they can use to manipulate the economy one of them is currency creation the other one is interest rates and they have influence over interest rates and that influences how much currency the banks are going to create when interest rates go down more people borrow currency and the M2 currency Supply expands so I showed the M2 currency

Supply in the last the video the last video about inflation going from this low of 15.4 or whatever up to 22. and so 15.3 to 22 that's a 43.8 percent increase in the currency Supply now the reason for this is the feds fed has only a couple of responses they've blown the economy into these immense Bubbles and they blow a bubble up and if a pin comes along and puts a little hole in that bubble and it starts to leak to prevent it from bursting they will slap some tape on it and then to stimulate the

economy they'll blow it bigger and bigger and So lately uh we just heard from the absolutely clueless uh Christine Lagarde the president of the European Central Bank and I want you to listen to this inflation has um just pretty much come about from nowhere he doesn't understand that she says inflation has pretty much come about from nowhere when they printed trillions of euros and had negative interest rates for years now they pretend that they didn't cause any of it uh so let's take

a look at the European Central Bank we're going from uh low here of about uh 4.6 something uh trillion up to this is uh Central Bank assets now uh the only way that they can acquire an asset is to create the currency to buy that asset I couldn't find uh uh European Central Bank base currency data so I've got their assets instead to 8.8 so let's take a look at 4.7 to 8.8 whoa and 87 percent uh increase in their base currency and so I'm this this I'm going to show you something from Lobo Tigre

AKA Louis James and uh this is he says it's the Federal Reserve doing the training their economists but this is actually all central banks worldwide this is what they're Anonymous are trained to do in case of some sort of economic crisis if it wasn't so evil I would call this beautiful I want to thank you for watching we'll see you next time thanks for watching but this is by no means the whole story if you want the full story including my free online only chapters and companion videos there's a wealth of

information at ggsr21.com thanks