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Federal Reserve’s Plan to Transfer Wealth

Author

Listed:
  • Das, Subhendu

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.

Suggested Citation

  • Das, Subhendu, 2011. "Federal Reserve’s Plan to Transfer Wealth," MPRA Paper 96878, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:96878
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    File URL: https://mpra.ub.uni-muenchen.de/96878/1/MPRA_paper_96878.pdf
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    References listed on IDEAS

    as
    1. Bernanke, Ben S & Blinder, Alan S, 1992. "The Federal Funds Rate and the Channels of Monetary Transmission," American Economic Review, American Economic Association, vol. 82(4), pages 901-921, September.
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    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access

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