Authored by Simon Black via SovereignMan.com,
About two and a half years ago, I told you about a particularly nasty piece of legislation that President Obama quietly signed into law towards the end of his administration.
They called it the “FAST Act”, which stood for Fixing America’s Surface Transportation.
Yet despite $300 billion earmarked for infrastructure repairs, they didn’t manage to fix very much of America’s surface transportation.
The legislation did, however, have two major effects:
1) The FAST Act authorized the US government to plunder excess capital from the Federal Reserve… which is about as stupid as thing as anyone could possibly do.
The Federal Reserve is America’s central bank; they control the value and fate of the US dollar… which is still the most dominant currency in the world.
You’d think that having some excess cash on the Federal Reserve’s balance sheet would be viewed as wise and conservative.
But not Congress.
These guys are so broke, they’ll grab every penny they can get. Even from their own central bank.
So they buried a provision into the FAST Act demanding that the Federal Reserve hand over any excess capital to the Treasury Department at the end of every calendar year.
http://www.zerohedge.com/news/2018-07-16/irs-revoke-362000-passports-us-citizens?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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