AI: NOTEBOOKLM has captured this from my blog — the FED is a cartel operating against the public interest

Wednesday, April 15, 2026

NOTEBOOKLM has captured this from my blog Reinke Faces Life!

https://notebooklm.google.com/notebook/bba7a7c1-3105-417e-9b83-4b772c7a2ab7

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What is the author’s primary critique of the Federal Reserve?

The author’s primary critique of the Federal Reserve is that it is a private cartel of elite banks operating for their own benefit and the benefit of entrenched politicians, rather than a truly public or federal institution. The author argues that its name is a misnomer because it is not “federal,” it “reserves nothing,” and it is not a “bank”.
Key aspects of this critique include:
  • Currency Devaluation and Inflation: The author contends the Federal Reserve has printed so many dollars that it has devalued the currency by 95% since 1970. Specifically, the author gripes with the “2% inflation target,” arguing it is a mechanism that devalues personal savings and acts as a “fiat money steal” of wealth from the poor, the young, and those on fixed incomes.
  • Enabling Government Overreach: By moving away from a gold-backed dollar to a fiat system managed by the Federal Reserve, the author believes the “Gooferment” (government) is enabled to engage in an “endless spending spree,” “forever wars,” and “welfare to buy votes”.
  • Systemic Harms: Citing G. Edward Griffin, the author lists several reasons why the institution should be abolished, claiming it destabilizes the economy, is an instrument of totalitarianism, and serves as the “supreme instrument of usury”.
  • Moral and Historical Failure: The author contrasts the current system with the gold standard period (1870–1913), during which prices decreased while the standard of living increased. The author views the Federal Reserve’s takeover of money as a primary step on the “road to perdition” for the United States.
Ultimately, the author views the Federal Reserve as a cartel operating against the public interest and advises individuals to save in gold, silver, and other non-dollar assets to protect themselves from its effects.
 
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What more can I say!
 
And I’m pushing this out on “Tax Day” in the USA.
 
“Inflation is theft, you’re stealing value from people who save money.”-Ron Paul
 
“Inflation is always and everywhere a monetary phenomenon” — Milton Friedman
 
“What do you call it when someone steals someone else’s money secretly? Theft. What do you call it when someone takes someone else’s money openly by force? Robbery. What do you call it when a politician takes someone else’s money in taxes and gives it to someone who is more likely to vote for him? Social justice.” — Thomas Sowell
 
“Taxation is theft” is a libertarian and anarcho-capitalist slogan arguing that government forcibly takes private property without consent, treating it as extortion or involuntary servitude.
 
 
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INTERESTING: NOTEBOOK LLM review of RFL blog. for May 2025 — pretty accurate from my POV

Monday, June 9, 2025

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Reinke Faces Life: May 2025 Entries

1 source

 

The sources consist of blog posts from “Reinke Faces Life,” a blog where the author shares content they find interesting, amusing, or enraging. The topics covered are varied, including the shutdown of the Pocket app, thoughts on the elimination of the penny and its connection to inflation, a review of a World War II movie, a discussion on corrosion-resistant steel for infrastructure, and advice on security for Bitcoin holders. Other posts address potential issues with government agencies, the ethics of selling scanned public domain books, a survival story, a software bug, the controversy surrounding President Biden’s physician, and concerns about Google’s search algorithms. The author also reflects on Memorial Day, offers a resource for free e-books, and criticizes government involvement in energy and air travel.

 

What is the overarching sentiment towards government and authority across these sources?

Across the provided sources, the overarching sentiment towards government and authority is highly negative, critical, and deeply distrustful. The author frequently expresses frustration and anger regarding the actions and perceived failures of government entities and individuals involved in politics and bureaucracy.

Several sources explicitly criticize governmental bodies and their impact:

The US Treasury and Federal Reserve are blamed for inflation and the devaluation of the dollar, with the Federal Reserve described as a “private cartel of the elite banks run for their benefit and that of the entrenched politicians”

. The author views the decision to stop circulating one-cent coins as a sign that “We, The Sheeple” will be forced to recognize the inflation caused by the Federal Reserve printing “so many ‘dollars'”. The author advocates for ending the Federal Reserve entirely, citing reasons such as its inability to accomplish objectives, acting against the public interest, generating unfair tax, encouraging war, destabilizing the economy, and being an instrument of totalitarianism. The author contrasts the current fiat money system with a gold standard, which they believe led to lower prices and predictable life, arguing that fiat dollars enable the “Gooferment” in endless spending, “forever wars,” and welfare

.

Politicians and bureaucrats are generally portrayed as untrustworthy and lacking incentive to solve problems

. In the context of infrastructure, the author suggests that bridges are failing because the “Gooferment” is involved in their construction and that an entrepreneur would build bridges that last longer because politicians and bureaucrats “have no incentive to solve the problems of the world”

.

The author questions the role of government in areas like air travel security and air traffic control, suggesting the TSA and FAA should be ended and these functions turned over to airlines, arguing that government involvement adds unnecessary overhead that could be better managed privately

. The author sees government programs, like the temporary ones Jeff Thomas discusses, as becoming permanent and overbearing

.

In the context of Bitcoin, the author expresses concern about “Gooferment involvement,” specifically mentioning the IRS wanting to report capital gains and coercing crypto exchanges to cooperate via KYC rules

. They highlight the ability to transfer assets without “Gooferment involvement” as a valuable use case for Bitcoin

.

The author is highly critical of perceived government cover-ups and lack of accountability, such as questioning President Biden’s physician and staff, and suggesting they should face repercussions for statements about his competence

. This situation is labeled a “national disgrace”. The author calls for reforms like term limits, age limits, and citizenship requirements for politicians and bureaucrats

.

The New Jersey “Pepuls Republik of Nu Jerzee Gooferment” is criticized for a significant increase in electric rates and the lack of competition in energy

. The author states the Board of Public Utilities (BPU) “ain’t looking out for the consumer”

.

The Canadian Food Inspection Agency (CFIA) is described as “unscientific” and accused of unnecessarily culling birds

. The author questions the motivations of bureaucrats in such agencies, imagining them justifying their paychecks without adding value, and states a strong dislike for politicians and bureaucrats

.

The 1986 SHIELD ACT is heavily criticized for shielding vaccine manufacturers from lawsuits, which the author believes leads to a lack of safety testing and contributes to health issues

. The author calls for its repeal

.

The author frequently uses the derogatory term “Gooferment”

 and the exclamation “Argh!” to convey frustration related to government actions or perceived failures. The sentiment is further reinforced by headings like “GOVEROTRAGEOUS” and topics listed in the sidebar such as “Political,” “Ranting,” “TYLER DURDEN,” “tyranny,” and “VICTIM DISARMAMENT”. The focus on “Conspiracy Theories” and the mention of perceived “crimes committed by the Political Class” also contribute to this negative view

.

The sources suggest a preference for private sector solutions over government involvement, as seen in the discussion of infrastructure

, airline security/air traffic control, and energy competition. There is also an emphasis on self-reliance and skepticism of authority, exemplified by the advice to “TRUST NO ONE, EVER” in the context of Bitcoin security and government involvement, the suggestion to save in gold and silver, and the inclusion of a quote about an armed society

.

In summary, the sources consistently portray government and authority as inefficient, untrustworthy, detrimental to individual liberty and economic well-being, and often acting against the public interest for the benefit of insiders

.

1 source

NotebookLM can be inaccurate; please double check its responses.

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