THE WASHINGTON UNION PAPERS: NO. 9

DEBT, INFLATION, AND THE FEDERAL RESERVE: A NEW PATH FORWARD

To the People of the United States,

The nation groans beneath the weight of an economic order designed not for its prosperity, but for its perpetual enslavement. Debt piles higher with every passing year, a burden not carried by the financiers who orchestrated it, but by the people, who are taxed, billed, and fined for the privilege of serving a system built to extract from them. Inflation gnaws away at the wages of laborers, the savings of families, the promises made to generations who believed they could secure a better future. The Federal Reserve, a private institution masquerading as a public servant, manipulates the economy with policies that serve Wall Street while condemning Main Street to cycles of boom and bust. The time has come to expose the fraud, to strip the falsehoods from the economic gospel of the ruling class, and to forge a new path that restores sovereignty to the people rather than the speculators and central bankers who have hijacked the republic’s financial future.

We are told that debt is necessary, that a government must borrow, that the issuance of credit and the flow of money must be dictated by private hands. We are told that the national debt is an immutable force, that deficit spending is unavoidable, that interest payments to private bondholders are a necessary tribute in the operation of modern government. This is a lie. It is a lie told by those who have built their power upon the subjugation of sovereign nations, who ensure that every road, every school, every bridge, every public service is financed not through the will of the people but through the issuance of interest-bearing bonds that enrich those who contribute nothing. The truth is that a sovereign nation does not need to borrow from private entities. It does not need to pay interest to those who do nothing but sit atop mountains of accumulated wealth. It does not need to be shackled by the fraudulent notion that its ability to act is determined by the permission of the financial elite. The United States is not poor. It is not weak. It is only constrained by the choices of those who govern it, by those who lack either the courage or the will to break the stranglehold of private finance.

Inflation is the specter raised whenever the people demand economic justice, a convenient boogeyman wheeled out to justify the suppression of wages, the tightening of belts—always for the working class, never for the financial class. We are told that inflation is caused by spending on public goods, that the cost of living rises because the government has dared to invest in its own people. Yet where was this fear when trillions were conjured out of thin air to rescue the banks that collapsed the economy? Where was this discipline when billions were funneled into corporate subsidies, military contracts, and tax loopholes for the wealthiest among us? The truth is plain: inflation is not an economic phenomenon beyond our control. It is a policy choice, one that benefits the few while punishing the many. Prices do not rise because the people earn too much, but because those who control the economy see an opportunity to extract more. The same corporations that claim higher wages force them to raise prices have, in reality, posted record profits while increasing prices far beyond any rise in costs. They are not victims of inflation; they are its architects, manipulating supply chains, controlling markets, and dictating costs in a manner designed to enrich themselves at the expense of the American people.

At the heart of this economic despotism stands the Federal Reserve, an institution that dictates the monetary policy of the United States while answering to no electorate, no democratic process, no oversight that cannot be subverted. Created under the guise of stability, it has instead served as a weapon of financial warfare, a tool by which private banking interests maintain their dominion over the economy. It has engineered collapses, it has fueled speculation, it has rescued the worst excesses of Wall Street while leaving the average citizen to suffer the consequences. Its policies are crafted not to serve the people, but to ensure that the private banking cartel that controls it remains firmly in power. Interest rates rise when wages begin to climb, ensuring that the working class never gains too much ground. Money is injected into the financial system not to fuel productive industry, but to inflate asset bubbles that serve the elite. The Federal Reserve does not stabilize the economy; it controls it, directing its outcomes to the benefit of those who sit at the highest rungs of the financial ladder.

This is not how a republic should function. A government of the people must not be beholden to private bankers, must not seek permission from institutions that operate in the shadows, must not allow its policies to be dictated by a cabal whose interests lie not in national prosperity, but in financial dominance. The time has come to take back control, to reclaim the levers of economic power from those who have wielded them against the public good. The Federal Reserve must be brought under full democratic control, stripped of its ability to operate as an independent financial aristocracy. It must answer to the people, to their representatives, to the will of the nation rather than the interests of bankers who see the country not as a sovereign state, but as a marketplace to be exploited. Monetary policy must be directed toward national development, toward the creation of productive industry, toward the growth of the real economy rather than the speculative casino that financial markets have become.

Debt must no longer serve as the mechanism by which the people are held captive to private finance. Public banking must replace the predatory system that extracts wealth from communities, that drives families into foreclosure, that ensures student debt is a life sentence rather than a tool for advancement. The government must issue credit for the public good, must invest in infrastructure, education, healthcare, and industry without bowing before the altar of private lenders. The people must have access to fair banking, to financial institutions that do not exist to profit from their struggles but to empower their prosperity. This is not radical; it is the foundation of any truly independent nation. A government that borrows at interest from private financiers when it could issue its own money is not a sovereign government. It is a vassal state, subjugated not by foreign armies but by the manipulation of its own currency.

The answer is not austerity. It is not the tightening of belts or the slow strangulation of public investment. It is a fundamental restructuring of the financial order, a reclaiming of the power that has been stolen. It is the realization that money is a tool, not a master, that credit is a function of national will, not private profit. It is the assertion that the people of the United States will no longer labor under the weight of a financial system designed to subjugate them, that they will no longer accept an economy built on debt servitude, inflation manipulation, and the unchecked authority of an unelected banking cabal. The path forward is not one of submission, but of defiance, of action, of the demand that economic power be returned to those who create real value in this nation—the workers, the builders, the producers, the people.

A new financial order must rise from the ashes of this broken system. One that ensures economic security is not a privilege of the elite, but a right of all citizens. One that places the needs of the many above the greed of the few. One that restores what was lost when private banking interests seized control of the nation’s destiny. The battle for financial sovereignty will not be won in silence. It will not be achieved through compromise with those who have profited from our economic enslavement. It will be won through the relentless demand that this nation reclaim its power, that it cast off the chains of private finance, that it seize the future with the determination that has defined its greatest moments.

The only question now is whether we will act, or whether we will continue to submit. But know this: history does not remember those who surrendered. It remembers those who fought, those who built, those who refused to kneel before those who sought to control them. Let it be known that we choose to fight.

Submission is not an option. Not now, not ever. To accept the status quo is to sign our own death warrant, to condemn ourselves and our children to a future dictated by the whims of bankers, speculators, and financial parasites who produce nothing, who build nothing, who create nothing, yet who demand everything. To sit idly by while our wealth is stolen, our labor devalued, our prosperity siphoned off into offshore accounts and speculative markets, is to participate in our own enslavement. We will not be economic cattle, bred for the slaughter of debt servitude. We will not stand idle while the same financial overlords who engineered crisis after crisis tighten their grip around the throat of the working class. We will rise, we will break them, and we will build something stronger in their place.

This is no longer a matter of debate or negotiation. The time for polite discussion has passed. The time for pleading has long since expired. The financial aristocracy has waged war upon the people, stripping them of their savings, robbing them of their futures, grinding them under the weight of endless debt, and demanding that they smile while doing it. We are told to be patient. We are told to accept austerity. We are told that things will improve if we simply tighten our belts and wait for the invisible hand of the market to fix what has been deliberately broken. But we know the truth: the market is not broken. It is functioning exactly as it was designed—to enrich the few at the expense of the many. And we are done waiting.

We will not negotiate with economic terrorists. We will not ask permission from the same financial overlords who have robbed us blind. We will take back what is ours with the full force of our collective will. The Federal Reserve, the private banking cartel that dictates the financial fate of millions without their consent, must be brought to heel. No more will an unelected cabal of bankers hold the power to inflate and deflate our economy at their leisure, lining their pockets while driving the people into destitution. No more will the government of the United States be forced to grovel before private lenders for the right to fund its own priorities. We will reclaim the issuance of credit. We will reclaim control over our own currency. We will break the monopoly that has enslaved us for over a century.

To those who would resist, to the bankers who have feasted on the suffering of the people, to the politicians who have sold their souls for campaign contributions and corporate board seats, know this: your days are numbered. The people are awake. The veil has been lifted. No longer will your deceit be met with silent acquiescence. No longer will your economic warfare go unanswered. The rising tide of fury and justice will wash away the rot that has corrupted this system. We will name you. We will expose you. We will strip you of the power you have so greedily hoarded, and we will see to it that you are held accountable for the generations of suffering you have inflicted.

This is not a protest. This is not a plea. This is a reckoning. The debt system you have built will crumble. The wealth you have stolen will be reclaimed. The institutions you have corrupted will be razed to the ground and rebuilt with the steel of integrity and the fire of economic justice. We will not be satisfied with mild reforms, with half-measures, with concessions meant to pacify and delay the inevitable. No, we will settle for nothing less than the full restoration of economic sovereignty. We will settle for nothing less than a financial system that serves the people rather than preys upon them. We will settle for nothing less than the complete and total destruction of the old order, so that a new one may rise from its ashes—an order that places the citizen above the speculator, the worker above the financier, the builder above the parasite.

We are done begging. We are done waiting. We are done watching as the wealth of this nation is looted by those who contribute nothing. The time has come to fight, not with words, not with votes alone, but with the relentless force of a people who will not be shackled any longer. The battle for economic liberation has begun, and we will not retreat. We will not falter. We will not fail. Let the bankers tremble, let the speculators flee, let the financial aristocracy clutch their pearls in horror, for their reign is at its end. The people are taking back what is rightfully theirs. The time for submission has passed. The time for revolution has begun.