Federal Reserve’s Plan to Transfer Wealth

Subhendu Das

MPRA Paper from University Library of Munich, Germany

Abstract: The paper shows, with publicly available numeric data and their graphs, the high correlation of the federal funds rate (FFR) with recessions, GDP variations, and unemployment rate. The evidence from these graphs and the analysis of existing literature show how by arbitrarily changing the FFR, the Federal Reserve can control the entire economy. We explain, using the law of conservation, how the Federal Reserve can transfer wealth from the bottom fifth to the upper economic classes and expand the poverty and misery in the society. This research demonstrates that the poverty is the result of man-made design of the economy and is not a natural phenomenon. Finally we explain the design and implementation of an alternative to the Federal Reserve Bank, called the moneyless economy, which eliminates permanently the deficit, debt, taxation, unemployment, and poverty from the world.

Keywords: GDP; Macroeconomic Time Series; Wealth; Employment data; Funds (search for similar items in EconPapers)
JEL-codes: A11 C8 C82 (search for similar items in EconPapers)
Date: 2011-11-03
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:96878

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