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Interest rates and the Federal Reserve

10 0
25.08.2025

Image by Justin Ortega.

Here’s the terrifying moment in the American system. The economy exists for one thing, and one thing only: access to cheap (or close to free) currency which it may borrow from through the Federal Reserve whenever banking and corporate America “needs” it. That’s what drives the system. Everything else—politics included—is irrelevant to American economic success.

The list could be longer, but let’s start with the obvious. Former National Security Advisor John Bolton’s house was raided by the FBI under the claim that he may have stolen state secrets, yet the consensus appears to be that this is just payback for Bolton criticizing the policies of Donald Trump. This comes on the heels of Washington, DC being occupied by masked ICE agents and members of the National Guard, supposedly to deal with a surge in crime in DC that does not appear in any crime statistics. In the Texas legislature, there will be a change in the congressional mapping to advantage Republicans and take away representation for People of Color, countered by a ballot proposal in California to try to add Democratic seats to balance out what Texas is doing.

Where’s democracy in all of this? Seems like the United States is careening toward........

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