Our Monetary System: Will Its Sustainability Soon Come to an End? Professional Tax Services

The Federal Reserve has been trying to prevent the collapse of our banking system for many years by trying to band-aid rather than solve the inherent problems within our monetary system. Over the past three years, the Fed has injected $5 trillion into the money supply without any significant increase in our gross national product. This has lead to unprecedented spiraling inflation.
The question is will it continue? Given the cost of COVID-19, including business closures and supply chain shortages, as well as expected future pandemics according to notables such as Joe Biden, Tony Fauci, Bill Gates and Klaus Schwab, the banking crisis may worsen. Add to this the billions invested in the Ukraine and a recovery does not look imminent.
We suggest reading COVID-19 The Great Reset by Klaus Schwab. Mr. Schwab is the founder and chairman of the World Economic Forum (WEF). The WEF, along with its partners, the World Bank, International Monetary Fund and the Bank of International Settlements, set the monetary policy for the world. The Federal Reserve is tied to these entities.
Article One, Section Eight of our Constitution gives the power to Congress to “To coin Money, (and) regulate the Value thereof…” Thus, Congress was given the authority to create our money interest free. Rather, through the passage of the Federal Reserve Act in 1913, Congress punted that task to the private banking sector. Thus, we now have a national debt into the trillions of dollars because whatever money the government has needed beyond tax collection is borrowed at compounded interest from banks. This has placed an enormous burden on American citizens.
The Board of Governors of the Federal Reserve is an independent government agency, free from congressional control. The Federal Reserve banks are private corporations with member banks holding stock in the Fed. These stocks may not be sold. Six of the nine members of each Federal Reserve Bank are elected by member banks. Thus, the Federal Reserve is controlled by profit-motivated bankers and not Congress.
The proposed solution of this problem from the WEF, which is supported by the central banks including the Fed, is outlined thoroughly in COVID-19, The Great Reset. Once their solution is enacted, there may never be an opportunity to return to constitutional money.
For our clients, we offer complimentary tax and inflation-hedging advice.
Professional Tax Services has been proudly selected by Santa Clarita Magazine as Ultimate Tax Service for 2023.
Professional Tax Services is a locally-owned provider serving over 3,500 local residents and businesses. For more information, call 661-259-1967 or visit www.scvprotaxservices.com.