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Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts
In this episode of Behind the Deep State, host Alex Newman explains how the privately owned Federal Reserve System is exploiting the Communist Chinese Coronavirus to loot the American people. Alex also breaks down how this is happening: Basically, the Fed is creating trillions of currency out of thin air and using "Special Purpose Vehicles" (better known as front companies) to buy up real assets including stocks and bonds. It is time for Congress to audit and then abolish the central bank and restore a sound monetary system.
In this episode of Behind The Deep State, host Alex Newman exposes the Federal Reserve System and how it has been used to enslave us. It caused the Great Depression and operates the most profitable scam in human history. This is how the Deep State was able to get all the fiat money it would need to enslave America and eventually humanity. You won't want to miss this!
republished below in full unedited for informational, educational and research purposes:
Former Congressional Candidate, 6th District N.J.
"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."
-Thomas Jefferson
Did You Ever Wonder Why The National Debt Keeps Going Up and Up?
One of the most ungodly and fraudulent institutions ever perpetrated on the American people and the world, is the Federal Reserve System which through deceit became the central bank of the United States in 1913. The idea came about on a meeting in Jekyll Island off the coast of Georgia in 1910. The bankers in this country, especially J.P. Morgan, created a currency panic in 1907 in order to get the American people to accept the idea of a central bank.
A central bank already existed in England from as far back as 1694. The Rothschilds completely dominate the banking system. It is estimated their wealth goes into the trillions.
Baron Nathan Mayer Rothschild boasted:
• "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain's money supply controls the British Empire, and I control the British money supply."
The idea of a central bank is to so enslave the people of the country to a debt money system that you continue to collect taxes continuously which just covers the interest. The duped people of the United States are paying about $400 billion dollars per year to the IRS which is the collection agency for the Federal Reserve. By the way, the Federal Reserve is a privately owned bank with 10 private members. The Chase Manhattan Bank is a member which is owned by the Rockefellers who are Rothschild Agents. I will list the ten member banks at the end of this article..
At this point the citizens of the United States falsely owe these lemmings over 13 trillion dollars. Have you ever asked the following question?
WHO HAS THAT MUCH MONEY TO LOAN TO THE UNITED STATES?
History of Lies
During the time of the Babylonian captivity of Judah, a man named Jacob Egibi became the founding father of modern banking. While Judah was in captivity, Jacob began a business of loaning out money for a rate of interest. During the Reign of King Kandalanu of Babylon (circa 648-625 B.C.) a new phenomenon appeared on the scene which Jacob Egibi played a major part, and that was the invention of private banking. There were 2 prominent families at this time, they were the Egibi family and the Iranu families. These 2 families are not a figment of imagination as their names have appeared in many cuneiform tablets discovered by Archaeologists. It is believed that the Egibi family was taken with the first captivity into Assyria and then later migrated to Babylon. At the time of the 70 year captivity, Jacob Egibi already had an ongoing private banking business in which he collected large sums of interest. Now we have secular insight as to why many of the Jews did not want to return with Nehemiah to rebuild the temple at Jerusalem.
By the time of the end of the captivity, many of the others who were in captivity with the Egibi families learned this evil business practice and began to set up shop. A good example of this are the moneychangers which the Lord Jesus Christ threw out of the temple. As a friend of mine said to me many times, "Christ drove the moneychangers from the temple and was crucified 4 days later."
During the time of the Persian period, loan sharking became a business where interest rates of anywhere from 30-50% were charged. As time went on, the writings of the Roman historian Tacitus, tells us that during the reigns of Caesar Augustus (27 BC - 14 AD) and Tiberius (14-32 AD) records of the Roman empire reveal deposits, withdrawals, brokers fees and loans. When the western Roman Empire fell, banking continued to thrive in Egypt, Byzantium, and the Arab nations of the Red Sea.
When the Christian era began to take hold and the church became a powerful entity, she returned to the Old Testament Edict of not charging usury and this idea continued up until the time of the Renaissance when banks began appearing across Europe. To show you how some kings despised usury, I offer 2 quotations:
...if any man is found taking usury, his lands will be confiscated, and he will be banished from England...
Alfred the Great, King of England; 849-901 A.D.
...If a man is found taking usury, his lands will be confiscated. It is like taking a man's life, and it must not be tolerated...
James 1, King of England; 1566-1625 A.D.
With the rise of international trade which commenced at the end of the medieval period, many of the banks were allowed to coin money for their transactions. At that time, there was no such thing as national money and when the banks minted coins, they were all of different value which created a dilemma for international trade. The first "Christian" gold coins were struck by Emperor Frederick II in 1225 A.D. Then came the "ducats'' of Portugal, the "florins" of Florence, the "agnels" of France, and the "sequins" which became the official coins of Genoa and Venice.
Europe then progressed from the Feudal system and with this came trade between different nations which resulted in foreign moneys accumulating in the various cities in Europe.
1694: The Year which Doomed the World's Economies
The government of King William III was in desperate need of money. When learning of this situation, a man named William Patterson put together a cartel of wealthy men, of which he was the leader. Patterson and cronies agreed to loan the King 1,200,000 pound sterling which would have been approximately 6 million dollars at 8% interest per annum on the condition that the king would grant 2 things:
1) He would grant Patterson and his associates a charter which would name them "The Bank of England," and
2) This bank shall have the "sole and exclusive right" to issue notes to the fullest extent of its capital.
The people were having a problem with their gold and silver coins of which the bankers quickly came to the rescue. The solution is aptly described by Professor Carroll Quigley in his book, Tragedy and Hope:
• ...for generations men had sought to avoid the one drawback of gold, its heaviness, by using pieces of paper to represent specific pieces of gold. Today we call such pieces of paper "gold certificates." Such a certificate entitled its bearer to exchange it for pieces of gold on demand, but in view of convenience of paper, only a small fraction of certificate holders ever did make such demands. It early became clear that gold need be held on hand only to the amount needed to cover the fraction of certificates likely to be presented for payment; accordingly the rest of the gold could be used for business purposes, or, what amounts to the same thing. A volume of certificates could be issued greater than the volume of gold reserved for payment....Such an excess volume of paper claims against reserves we now call bank notes. In effect, this creation of paper claims greater than the reserves available means that bankers were creating money out of nothing...
The King literally granted the Bank of England the legal right to print all the money that would be used in commerce by the people and the government. In other words the Bank of England became the sole money source of any currency that was used in English commerce by either the people or the government. If they needed more money, they simply printed it. It is said that by 1698 British government owed 16 X 10 to the 6 power pounds sterling to the Bank of England. Keep in mind this was only 4 years.
1773: The Second Date of Infamy
In 1773, a wealthy goldsmith and coin dealer named Mayer Amschel Bauer (1743-1812) summoned 12 wealthy and influential men to his place of business in Frankfurt, Germany. His purpose for the meeting was to impress upon these men that if they pooled their resources, it was possible to gain control of the wealth, natural resources, and manpower of the entire world. He then outlined a 25 point plan on how to accomplish it.
Those 25 points are:
1. Use violence and terrorism rather than academic discussions.
2. Preach Liberalism to usurp political power.
3. Initiate class warfare.
4. Politicians must be cunning and deceptive รข€“ any moral code leaves a politician vulnerable.
5. Dismantle existing forces of order and regulation. Reconstruct all existing institutions.
6. Remain invisible until the very moment when it has gained such strength that no cunning or force can undermine it.
7. Use Mob Psychology to control the masses. Without absolute despotism one cannot rule efficiently.
8. Advocate the use of alcoholic liquors, drugs, moral corruption and all forms of vice, used systematically by agenteurs to corrupt the youth.
9. Seize properties by any means to secure submission and sovereignty.
10. Foment wars and control the peace conferences so that neither of the combatants gains territory placing them further in debt and therefore into our power.
11. Choose candidates for public office who will be servile and obedient to our commands, so they may be readily used as pawns in our game.
12. Use the Press for propaganda to control all outlets of public information, while remaining in the shadows, clear of blame.
13. Make the masses believe they had been the prey of criminals. Then restore order to appear as the saviors.
14. Create financial panics. Use hunger to control to subjugate the masses.
15. Infiltrate Freemasonry to take advantage of the Grand Orient Lodges to cloak the true nature of their work in philanthropy. Spread their atheistic-materialistic ideology amongst the Goyim (gentiles).
16. When the hour strikes for our sovereign lord of the entire World to be crowned, their influence will banish everything that might stand in his way.
17. Use systematic deception, high-sounding phrases and popular slogans. The opposite of what has been promised can always be done afterwards... That is of no consequence.
18. A Reign of Terror is the most economical way to bring about speedy subjection.
19. Masquerade as political, financial and economic advisers to carry out our mandates with Diplomacy and without fear of exposing the secret power behind national and international affairs.
20. Ultimate world government is the goal. It will be necessary to establish huge monopolies, so even the largest fortunes of the Goyim will depend on us to such an extent that they will go to the bottom together with the credit of their governments on the day after the great political smash.
21. Use economic warfare. Rob the "Goyim" of their landed properties and industries with a combination of high taxes and unfair competition.
22. Make the Goyim destroy each other so there will only be the proletariat left in the world, with a few millionaires devoted to our cause, and sufficient police and soldiers to protect our interest.
23. Call it The New Order. Appoint a Dictator.
24. Fool, bemuse and corrupt the younger members of society by teaching them theories and principles we know to be false.
25 Twist national and international laws into a contradiction which first masks the law and afterwards hides it altogether. Substitute arbitration for law.
The plan was put into operation and evidentiary information exists that Bauer aligned himself with Adam Weishaupt who was the founder of the Illuminati whose aim was and still is world domination. Bauer later changed his name to Rothschild which means "red shield." He took it from the red sign which hung outside his place of business. The eagle was clutching 5 golden arrows in its claws. It was supposed to symbolize his five sons. Presently the red shield represents the official coat of arms of the city of Frankfurt, Germany.
Later on each of the five sons were dispatched to a major city in Europe to establish a branch of the Rothschild banking firm.
Son #1 - Amschel - Remained in Frankfurt and propelled Germany to financial success under Bismarck.
Son #2 - Salomon - Went to Vienna, Austria. he became a leader in the Austria-Hungary Empire.
Son #3 - Nathan Mayer - Went to England where he took control of the Bank of England.
Son #4 - Carl - Went to Naples where he became the most powerful man in Italy through his banking skills.
Son #5 - James Jacob - Went to Paris where he established the central bank. He was credited with dominating the financial destiny of the nation of France.
By 1850, the House of Rothschild represented more wealth than all the families of Europe. Shortly after he formed the Bank of England, William Patterson lost control of it to Nathan Rothschild and here is how he did it:
• Nathan Rothschild was an observer on the day the Duke of Wellington defeated Napoleon at Waterloo, Belgium. He knew that with this information he could make a fortune. He later paid a sailor a big fee to take him across the English Channel in bad weather. The news of Napoleon's defeat would take a while to hit England. When Nathan arrived in London, he began selling securities and bonds in a panic. The other investors were deceived into believing that Napoleon won the war and was eyeing England so they began to sell their securities too. What they were unaware of is that Rothschild's agents were buying all the securities that were being sold in panic. In one day, the Rothschild fortune grew by one million pounds. They literally bought control of England for a few cents on the dollar. The same way the Rockefeller's went into Japan after World War 2 and bought everything 10 cents on the dollar. SONY=Standard Oil New York, a Rockefeller Company.
Frederick Morton wrote in his book, The Rothschilds:
• "...the wealth of the Rothschilds consists of the bankruptcy of nations."
There were other wealthy families in Europe and America which were allowed to join "the international banking club" such as John D. Rockefeller and John Pierpont Morgan.
Early American Wisdom
The Americans had won their political independence but their financial independence was in jeopardy. The international bankers had an agent in place and his name was Alexander Hamilton who wanted a central bank. Thomas Jefferson lobbied vehemently against the central bank stating it was contrary to the Constitution. However, a central bank was formed in 1781 known as the Bank of North America which was patterned after the Bank of England. The colonists wanted nothing to do with it so it folded in 1790. The international bankers countered the closing of the Bank of North America by gaining a charter for the Bank of the United States which was chartered on February 25, 1791. The Bank of France desired the formation of the US Bank also and it was chartered for 20 years.
In 1826, the second bank's charter was soon to expire and presidential candidate Andrew Jackson campaigned strongly against a central bank which was owned and operated by the international banking element. Here is Jackson's opinion of those bankers:
• "You are a den of vipers. I intend to wipe you out, and by the Eternal God I will rout you out...If people only understood the rank injustice of the money and banking system, there would be a revolution by morning."
In 1836, the charter did expire but that was not the end of the international banking influence in this country. The Civil War was planned in England as far back as 1809. Slavery was not the real cause of the Civil War. The Rothschilds (who were heavy into the slave trade) used the slavery issue as "a divide and conquer strategy" which almost split the United States in two. The Bank of England financed the North while the Paris branch of the Rothschild bank funded the South. In 1863, the National Banking Act was passed despite protest by President Lincoln. This act allowed a private corporation the authority to issue our money.
Enter 1913
In November of 1910, some of these vultures came together at the Jekyl Island Hunt Club on Jekyl Island, Georgia. What were they hunting? The biggest prize of all, the absolute and complete control of all the money in America which means control of all America and with it the power to make slaves of all the people.
Those who attended were: Senator Nelson Aldrich (Nelson Rockefeller's maternal grandfather); A. Piatt Andrew, Economist and Assistant Secretary of the Treasury; Frank Vanderlip, President of the National City Bank of New York; Henry P. Norton, President of Morgan's First National Bank of New York; Paul Moritz Warburg, a German who was partner in the New York banking house of Kuhn, Loeb Co.; Benjamin Strong, an aid to J. P. Morgan.
Paul Warburg was credited as the architect of the bill which was passed by Congress and signed by traitorous Woodrow Wilson. It was entitled the Federal Reserve Act of 1913. America once again had a central bank but this time they had placed America under an absolute dictatorship. President James Garfield had insight into this situation:
• "It must be realized that whoever controls the volume of money in any country is absolutely master of all industry commerce."
The Federal Reserve was incorporated in 1914 and has been creating a completely unnecessary national debt ever since. In simple terms, the Fed creates money as debt. They create money out of thin air by nothing more than a book entry. Whenever the members of the Fed make any loans, that debt money is our money supply.
The United States went bankrupt in 1938 because of this system. It took the Fed only 25 years to bankrupt the USA. Can you imagine how little time it would take these vultures to bankrupt a developing nation? The American people are paying about $300 billion dollars a year in interest to this phony organization. When you look in the Washington, D.C. phone book, you will not find the Federal Reserve in the Government section as they are a private concern.
The national debt is increased about $1.71 billion dollars every day (as of October 12, 2004) . Have you taken a look at your money? It says "Federal Reserve Note" which means it is an instrument of debt. There is no real money in circulation.
The Assassination of President Kennedy
One of the greatest coverups in history was the Killing of the President. If you believe the Mafia did it, then I have ocean front land in Kansas for you to buy. President Kennedy was murdered over money, $4 billion dollars worth. You see, he had printed $4 billion worth of non-interest bearing money which meant he began to chop at the profits of the vultures. Interest free money means the national debt is eliminated and the power of the international banking element is broken. So to prevent Kennedy from abolishing the illegal Fed, he was assassinated. Coincidence? As soon as the traitor Johnson was in office, he recalled all the debt free notes and continued our country in the same path of ruin. There, the mystery of the killing is over. Just follow the trail of the money.
War
Now that the Federal Reserve was firmly in place, schemes had to be constructed to get the government to borrow so a continuously growing national debt would happen. So here are some coincidences: The Federal Reserve is created in 1913, then in 1914 we have World War 1. Right at the end of World War 1, we have a depressed economy especially in the Weimar Republic where 2 billion marks could buy a loaf of bread. In 1917, we had the Bolshevik revolution in Russia. A man named Lord Alfred Milner was a front man and paymaster for the Rothschilds in Petrograd during the revolution. He later headed a secret organization called The Round Table which was dedicated to a one world government run by wealthy financiers under socialism.
Then, lo and behold, in the 1920's we see a little known corporal with 12 men meeting in a beer hall in Munich while in America the Roaring 20's were in progress until October, 1929. Then the Federal Reserve withheld money from circulation so bills could not be paid, while simultaneously they were calling in all their loans which caused the stock market to crash. By 1932 the price of stocks had plummeted 80%. When the bankers plunged this nation into a depression on that fateful day in October, at the New York Stock Exchange was a visitor, his name was Winston Churchill who stated after the crash of '29, "Now I know who wields the real power." The key to understanding the Great Depression is to realize that when the Federal Reserve had contracted the money supply, there was not enough money in circulation to pay bills, to hire people, to pay back loans, etc. The crash of the stock market was the symptom but the cause was the Fed restricting the money supply. This is their weapon which is used today. When they flood the country with money, this causes inflation.
Then we come into the 1930's and the rise of Hitler. Hitler was also funded by Wall Street through the Industrialist I.G. Farben. Let's test the theory of follow the money. Here is a little known corporal with no money meeting in a beer hall in Munich with only about 12 men. In a seriously depressed and defeated country, there begins to rise another military dictatorship. By 1934 the Nuremberg Rallies were in place and Germany was rebuilt. In that countries' economy who had that much money to rebuild Germany into a powerful country which marched across Europe and almost defeated Russia in the first 24 hours of Case White (The invasion of Russia)? The answer is the bankers of the USA and England. In fact, a banker named Bernard Baruch was President Roosevelt's personal advisor during World War 2. Baruch made $200 million dollars as a result of World War 2. During WW2 the Rockefellers were selling oil to the Germans from their Standard Oil concern in Argentina.
The Council on Foreign Relations (CFR) was formed in 1919 in Paris, France by Colonel Edward Mandell House who was known as Woodrow Wilson's alter ego. The CFR was and still is dedicated to the one world rule under a new world order. In fact, every war has been planned by the CFR. Every American President since 1919 has had their cabinet filled with CFR members. Also our traitorous Presidents fill their cabinets with not only CFR members but those of the Trilateral Commission, the Bilderbergers, the Yale Fraternity of the Skull and Bones (George Bush was a member of this).
These members insure that the will of the bankers are done, even if the President is not a member of any group. After WW2, was fought another war was created known as the Korean War (which was started by a phone call from John Foster Dulles), then the Vietnam War. During the Vietnamese War, the Rockefellers had a metals processing plant going full blast in North Vietnam. The Rockefellers have the blood of thousands of Americans on their hands because of their supplying the Russians with weapons and metals. The North Vietnamese received their weapons from Russia. The only reason these rats are never indicted for treason, is because since WW2 there has never been a declared war which means if we have no official enemy, there can be no aiding the enemy AKA treason.
Presently we have skirmishes such as the Gulf War of 1990 which was an experiment by the New World Order crowd to see how fast they can assemble an army in case a country does not choose to obey the dictates of the banker bosses. Of course funding for the gulf war came from borrowing money from the Fed. Wherever you hear of a limited war, or some type of political destabilization, think of the money trail. Wars are started in foreign countries, then our President goes there and gives millions of dollars of borrowed money which normally goes into the pockets of the dictators. Nowhere in our Constitution is it written that our government is to borrow money and give it away.
At this point I want you to click on the following web site and see the reality of the death of America:
The American economy has been sucked dry by the Federal Reserve System. Americans think they own property but the truth is the entire United States has been mortgaged to the bankers. The Rothschilds and Rockefellers become richer while the peoples of the world become poorer. The International Monetary Fund and the World Bank are also designed to loan money to developing nations with the understanding that they will never be able to repay so with every loan made to a country, it becomes their death knell. The entire world has been plunged into a debt economy which means 6 billion people are in debt to about 250 men. But keep in mind that all their wealth is phony because it is created money without any gold backing.
I really laugh when Wall Street bows down to Ben Bernanke who is nothing more than a boot licker of the International Banking element who takes his orders by phone too. So many people rejoice when the Federal Reserve has a policy meeting and no interest rate increase happens. The truth is that we should never have a Federal Reserve to begin with. They print money, loan it into circulation, and the American people are strapped with more debt.
I remember leaving materials on the Federal Reserve at a meeting of Concerned Women for America. The next day I went back and not one copy was taken. The reason given me was because it was not approved material. Groups like Concerned Women for America and the Christian Coalition and Rush Limbaugh are something known as controlled opposition. They are allowed to exist as long as they do not bring up the real issues. If they stick to the created liberal Democrat Vs. conservative Republican agenda, they can exist and the bankers will even make them famous. But you will never hear a Beverly LaHaye, Tim LaHaye, Jim Dobson, Billy Graham, Gary Bauer, or any other famous Christians ever tackle the real issues like the illegal Fed which causes all the poverty in every country. If these people would think for a minute that if $350 billion dollars a year was not being sucked out of the economy and was used for the people in this country, we would surely have enough to help other nations and our own problems. Crime would almost be non-existent with a monetized money system. The Great Commission would also be funded without worrying if there will be enough left over to feed the children.
THE TEN MEMBER BANKS OF THE FEDERAL RESERVE
All owned by the Rothschilds
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York*
Lazard Brothers of Paris
Kuhn Loeb Bank of New York*
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York
*In 1977 Kuhn Loeb and Lehman Brothers merged to create Kuhn Loeb, Lehman Brothers, Inc.
Now ask a question - Where is the Federal Government of the United States listed and how much does it get? I will answer it for you, it is not listed because the Federal Reserve is private and it receives nothing.
WAKE UP PEOPLE!!! WAKE UP!!! THE FEDERAL RESERVE IS ILLEGAL AND OUR IMPOTENT CONGRESS REFUSES TO DO WHAT IS RIGHT AND ABOLISH THE FED. THEY WOULD RATHER ALLOW US TO REMAIN IN BONDAGE FOREVER. DEMOCRATS AND REPUBLICANS ARE BOTH USELESS ENTITIES BECAUSE THEY ARE BOTH BOUGHT AND PAID FOR BY THE BANKERS.
THE NATIONAL DEBT IS PHONY!!!
A Warning to the bankers and their sycophants!
There is a God in Heaven which you have spurned and ignored and He has allowed you, in His plan, to pull this Fed scam on the indolent American people. There is coming a day, and very soon in which all of you will stand before Christ and be cast into an eternal hell. Every secret deal you made, every war which killed innocent children and young men and women, you will give account for. You will have no power nor excuse. Many of your colleagues are awaiting the judgment right now and they will weep, as you will, realizing that for a few years of luxurious living, an eternal hell is awaiting. That is the interest you will pay.
For an excellent presentation on the entire history of usury leading to the illegal Federal Reserve System, go to: http://www.themoneymasters.com/
republished below in full unedited for informational, educational and research purposes:
When William Dudley, a bona-fide insider and tool of the Deep State, wrote that the Federal Reserve should work against the president’s agenda, even if it cost him next year’s election, the reaction came from all quarters: The Fed’s political bias has finally and permanently been exposed for all to see.
Dudley’s credentials are impeccably Deep State: He is a graduate of UC-Berkeley who worked for Goldmann Sachs for more than 20 years, a member of the Council on Foreign Relations, a member of the board of directors of the Bank for International Settlements (BIS) and the Committee on the Global Financial System, and serves as president of the Federal Reserve Bank of New York and vice-chairman of the Fed’s Open Market Committee.
Thanks to Dudley’s forthright op-ed at Bloomberg on Tuesday, that the veil has been lifted, and many insiders aren’t happy about it. It seems that he has unwittingly exposed the pervasive and carefully crafted myth that the Fed is “objective,” “unbiased,” “neutral,” and removed from all political considerations in conducting its policies. Those policies have been sold as guiding the U.S. economy on paths of low inflation (even as the bank itself is the engine of inflation) and full employment, and nothing more.
Dudley gave lip service to the myth before exploding it: “Staying above the political fray helps the central bank maintain its independence.” But then comes the bombshell: “[Fed] officials should state explicitly that the central bank won’t bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the consequences of his actions.”
Dudley explains just how the Fed could derail the president’s strategy in dealing with the communists running China:
First, it would discourage further escalation of the trade way, by increasing costs to the Trump Administration.
Second, it would reassert the Fed’s independence by distancing itself from the administration’s policies.
Third, it would conserve much-needed ammunition [lower interest rates in the future to restimulate an economy in recession], allowing the Fed to avoid further interest-rate cuts at a time when rates are already very low.
It’s clear from Dudley’s op-ed that he’s miffed that the president had the audacity to criticize repeatedly the actions of the Fed. Other presidents have studiously avoided any public appearance of pressuring the Fed, but not The Donald. Wrote Dudley:
I understand and support Fed officials’ desire to remain apolitical. But Trump’s ongoing attacks on [Fed Chair Jerome] Powell and on the institution have made that untenable….
There’s … an argument that the election itself falls within the Fed’s purview. After all, Trump’s reelection arguably presents a threat to the U.S. and [the] global economy.
Let’s parse that “threat … to the global economy.” This is the global economy run by globalists for which Dudley and his establishment peers have been laboring for decades. Trump is a threat to that global economy by declaring America’s independence and sovereignty, and as a result must be removed from office. Dudley’s tool of choice is interest rates — keeping them high in a world of lower and lower interest rates in the hopes that it will stall the U.S. economy and weaken Trump’s hand in dealing with China.
Lest this sound like a “conspiracy theory,” it’s helpful to note that Jordan Weissmann, writing for the far-left Slate magazine, sees what few have been willing to see or articulate until now. Wrote Weissmann:
What elevates [Dudley’s] piece to truly epic heights of irresponsibility is that, until last year, Dudley served as president of the Federal Reserve Bank of New York, widely viewed as the Fed’s second most powerful position.
He is an insider’s insider, and if ever a single piece of writing could fuel conspiracy theories that a cabal of central bankers is out to sabotage Trump’s presidency, this one is it.
Weissmann continued:
This is a very bad scheme that, in the end, would almost certainly undermine the Federal Reserve’s low legitimacy. But it gets worse. Dudley basically says the Fed should try to throw the 2020 election….
It is hard to overstate what a tremendously dangerous concept this is. Dudley is not talking about a conflict between two equal branches of government. If the economy crashes and Democrats don’t want to pass a stimulus because it might help Trump, that would be crappy and inhumane, but it’d also fundamentally be politics. Voters could decide who to hold accountable.
Here, Dudley is effectively talking about an economic coup staged by a group of unelected technocrats.
So it’s a “two-fer”: Dudley’s op-ed is a two-pronged destruction of a pervasive myth that has hidden the Fed’s agenda for decades, and the exposure of the deadly work of Deep State officials to bring the U.S. into a global economic and political system run by them.
For its part, the Fed has had precious little to say except that politics plays no role in their decision-making. Michelle Smith, a Fed spokeswoman, declared: “The Federal Reserve’s policy decisions are guided solely by its congressional mandate to maintain price stability and maximum employment. Political considerations play absolutely no role.”
Absolutely false! As The New American has noted,
In December 1965, Federal Reserve Chairman William McChesney Martin was summoned to the ranch of President Lyndon Johnson for a dressing-down. President Johnson, a believer in the fiscal stimulus programs enacted by his predecessor, John F. Kennedy, wanted to cut taxes further, and expected the Fed to do its part by keeping interest rates low. Martin, however, was of the opinion that interest rates should be raised, arousing the ire of the volatile president.
Ushered into what he expected would be a calm meeting with the president, Martin was shocked to find himself being physically shoved around the living room and against the wall by a furious Lyndon Johnson, who kept screaming at him, “Boys are dying in Vietnam, and Bill Martin doesn’t care!” President Johnson had apparently never gotten the memo on the supposed independence of the Federal Reserve from political influences. Cowed by the president’s belligerence, the Fed chairman maintained interest rates very low that year and the next, putting the lie to the Fed’s alleged detachment from tawdry politics.
Or consider the Fed’s blatantly political move late in 2018 to slow the economy deliberately by raising interest rates for the fifth time, declaring it was a “pre-emptive strike” against incipient inflation. The inflation rate (rate of price increases in the private economy) remained docile, but Wall Street investors saw their account balances drop by nearly 20 percent in the selloff that followed.
Ryan Cooper, writing for the liberal The Week magazine, told his readers what Dudley’s op-ed showed: “It’s a perfect demonstration of what is already obvious: America’s central bank, the Federal Reserve, is a highly political institution — its heavily rich-friendly politics are just usually obscured behind a technocratic faรงade.”
Thanks to Dudley’s op-ed, that faรงade has been ripped away, revealing the men behind the curtain who, until now, have wanted the rest of us to ignore their machinations.
republished below in full unedited for informational, educational and research purposes:
The Federal Reserve has been using its central bank powers in an attempt to tank the economy to blame President Trump and manipulate the 2020 election outcome, according to CIA whistleblower Kevin Shipp.
“He [Trump] has got the Fed shaking in their boots. When the Fed gags its board of directors and its members, that is not good,” Shipp said on “USA Watchdog” with Greg Hunter on Saturday.
The Federal Reserve has been using its central bank powers in an attempt to tank the economy to blame President Trump and manipulate the 2020 election outcome, according to CIA whistleblower Kevin Shipp.
“He [Trump] has got the Fed shaking in their boots. When the Fed gags its board of directors and its members, that is not good,” Shipp said on “USA Watchdog” with Greg Hunter on Saturday.
“Something not good is going on. Perhaps they are bringing the interest rates down to zero. Perhaps it’s the fact we are entering into, not only U.S., but a global recession. So, they have put the lid on any comments coming out, and I think they have done it for a reason that is concerning…”
“Trump is at war with the Fed, and the Fed has put a lid on all its people. It’s a gag order to keep its people from talking about what the Fed plans to do,” he continued.
“I think it is tied to an upcoming global recession, and we may see quantitative easing (money printing) rates go to zero, and they don’t want the President or the public to know what they are about to do,” Shipp added.
The Fed’s attempts to ruin Trump are obvious given how it behaved during Obama’s presidency, such as its excessive money-printing policies and holding interest rates at 0% for most of Obama’s tenure.
“So, it is apparent the Fed waited until Trump was elected to start hammering and pounding on the economy, which apparently they did not want to do under Obama,” Shipp said. “Can you raise the suspicion that the Fed is against Trump or that the Fed is trying to take the credit for the economy away from Trump? I think that appears to be entirely possible…”
“Trump has said it exactly right, it’s a war between Trump and the Federal Reserve, which, of course, is not federal and it has no reserves…
Shipp said that Trump is aware of the Fed’s moves and is correctly planning to shift blame to the Fed for any economic correction or collapse because it is the progenitor of America’s boom/bust cycles.
“In my view, I think that Trump is convinced that the Fed is going to try to destroy the advances in the economy to make 2020 less possible for re-election and actually manipulate the political landscape,” Shipp said.
“I think Trump is clearly and wisely aware of what they are doing…I think Trump thinks the Fed is going to manipulate the 2020 election and make any recession look like Trump’s fault and not the Fed’s fault.”
“God bless Donald Trump because he is the first President to call out the Fed like he is doing,” Shipp added. “Trump has been right all along.”
Trump called out the “very selfish” Fed on Monday, saying they should lower interest rates back down because the dollar is so strong thats it’s actually weakening the global economy.
…..The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well. If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!
republished below in full unedited for informational, educational and research purposes:
President Donald Trump wants Jerome Powell, the chairman of the Federal Reserve, to cut the Fed Funds rate by a full percentage point Wednesday afternoon. Powell is certain to give him just one-quarter of that, with the possibility of more cuts soon.
The president has expressed regret repeatedly about his appointment of Powell as head of the country’s central bank, blaming him for raising rates four times last year, nine times since 2015, intentionally slowing his economy just as his reelection campaign is heating up.
The last time the Fed cut rates was in late 2008 when the central bank dropped rates to near zero in hopes they would stimulate the moribund post-real-estate-crash economy back to life. It took Trump’s Tax Cut and Jobs Act, combined with regulatory relief, to stir the economy. Powell’s concerns about incipient inflation caused him to raise rates in anticipation.
But with inflation low, the global economy slowing, and pressure from the White House, Powell is likely to open the door for more rate cuts later on this year. He may also terminate the Fed’s “balance sheet roll-off” earlier than scheduled. That effort to reduce the Fed’s holding of nearly $4 trillion in U.S. treasuries is sucking $50 billion out of the economy every month which Trump has accurately called “quantitative tightening.”
Anticipation has already affected long-term mortgage rates, which have dropped from 4.94 percent last November to 3.75 percent last week. This saves a homeowner more than $250 a month on a $250,000 30-year mortgage.
A quarter-point cut on a $5,000 credit card balance would lower the minimum monthly payment by $1 a month, while on a $30,000 home equity loan (HELOC or home equity line of credit) it would save the borrower a little over $6 a month.
Those holding a $200,000 adjustable-rate mortgage would see their monthly payment drop by $56 while those shopping for a new car would save $3 a month on a $25,000 loan. Those holding federal student loans would not be impacted as those rates are fixed by Congress and are not affected by any move Powell might make. In other words, the rate cut will have little immediate impact on the U.S. economy.
The real impact will be on how Powell juggles future rate cuts. Market watchers will be paying close attention to his statement Wednesday afternoon at 2:30 p.m. for clues about giving the president more of what he is demanding. The chairman will be expressing concerns over trade talk uncertainty, slowing business investment, and sluggish growth worldwide. He is likely to generalize about the problems facing Germany, where growth has slowed to a virtual standstill, and China, where government figures have clouded that economy’s real economic performance. He is likely to use phrases like “watching closely” and “carefully measuring” and “being sensitive” to further slowing globally.
He will most certainly say nothing about threats by the president to fire him if he doesn’t give him what he wants. He already answered that question back on July 10 when Maxine Waters (D-Calif.) asked him during a House Financial Services Committee hearing whether he would “pack up his stuff and go” if the president asked him to. Said Powell: “Of course, I would not do that,” adding, “The law gives me a four-year term and I fully intend to serve it.”
Short of being fired then, the next best thing Powell can do is to give the president what he wants — on the installment plan.
The Federal Reserve Act of 1913 allowed for fraud against the American people by the Fed, a private bank that to this day has never been audited.
Robert Barnes and Joe Banister join Alex to discuss the criminology and mindset of those that desire to manipulate the most amazing economy in history.
TRUMP HAS AUTHORITY TO REMOVE HEAD OF FED. & ABOLISH IT
Trump: The only problem our economy has is the Fed Heritage Foundation chief economist Steve Moore on President Trump's
criticisms of the Federal Reserve's interest rate hikes and their impact
on the U.S. economy.
EXCERPT: "U.S. stocks sank Wednesday in a wild session after the Federal
Reserve raised its benchmark overnight lending rate for the fourth time
this year."
IS THE FEDERAL RESERVE ACTUALLY TRYING TO CAUSE A STOCK MARKET CRASH?
It is insanity to raise interest rates when stocks are already crashing, but the Federal Reserve
republished below in full unedited for informational, educational and research purposes:
The Federal Reserve has decided not to come to the rescue this time. All
of the economic numbers tell us that the economy is slowing down, and
on Wednesday Fed Chair Jerome Powell even admitted that economic
conditions are “softening”,
but the Federal Reserve raised interest rates anyway. As one top
economist put it, raising rates as we head into an economic downturn is “economic malpractice”.
They know that higher rates will slow down the economy even more, but
it isn’t as if the Fed was divided on this move. In fact, it was a
unanimous vote to raise rates. They clearly have an agenda, and that
agenda is definitely not about helping the American people.
Early
on Wednesday, Wall Street seemed to believe that the Federal Reserve
would do the right thing, and the Dow was up nearly 400 points. But
then the announcement came, and the market began sinking dramatically.
The Dow Jones Industrial Average lost 720 points in just two hours, and the Dow ended the day down a total of 351 points. This is the lowest that the Dow has been all year, 60 percent
of the stocks listed on the S&P 500 are in bear market territory,
and at this point approximately four trillion dollars of stock market
wealth has been wiped out.
We haven’t seen anything like this since the last financial crisis.
This is officially the worst quarter for the stock market since the
fourth quarter of 2008, and it is the worst December that Wall Street
has experienced since 1931. It is insanity to raise interest rates when stocks are already crashing, but the Federal Reserve did it anyway.
They knew what kind of reaction this would cause on Wall Street and
in other global markets, but that didn’t stop them. The financial world
is in utter turmoil, and this move by the Fed has definitely added fuel
to the fire.
Could it be possible that they actually want a stock market crash?
Some are suggesting that the reason why the vote was unanimous
was because they wanted to send a “strong signal” to President Trump.
He has been extremely critical of the Federal Reserve in recent weeks,
and this could be a way for the Fed to show Trump who is really in
charge.
They are calling this “the Trump economy”, but that is simply not
true. And when Barack Obama was in the White House, it wasn’t “the
Obama economy” either. Ultimately, it is the Federal Reserve that is
running the economy, and they fiercely guard their independence and
their authority.
President Trump knows that the only way that he is going to win
in 2020 is if the economy is doing well, and he also understands that
higher interest rates will slow the economy down.
So essentially the Federal Reserve has a tremendous amount of political power in their hands.
During the Obama era, the Fed pushed interest rates all the way to the floor and kept them there for many years.
But now the Federal Reserve has raised interest rates seven times since Donald Trump took office, and four of those rate hikes have been under current Fed Chair Jerome Powell.
Needless to say, it certainly doesn’t take a lot of imagination
to figure out how Donald Trump is feeling about Powell at this moment.
For some reason I keep envisioning Trump walking into this presser and saying “Jay, you’re fired. I’m sorry, you’re fired.”
Then going to the podium and saying “Jay is a great person, has a beautiful wife, very smart man, but I will find someone who is going to do a great job.”
Meanwhile, we continue to get more indications that the U.S. economy
is heading for difficult times. Just consider the following news about FedEx…
FedEx shares are plunging after what Morgan Stanley
called a “jarring” cut to its annual forecasts, suggesting global growth
is slowing far more than most expect – in fact, the bank hinted at the
possibility of a “severe recession” unfolding – and prompting expectations of an “uber-dovish hike” by the Fed.
The global logistics bellwether slashed its outlook just three months after raising the view, reflecting
an unexpected and abrupt change in the company’s view of the global
economy amid rising trade tensions between the U.S. and China. Not only
were the cuts were deeper than the Street expected according to Morgan
Stanley analyst Ravi Shanker, but everyone is pointing to the following
comment from the press release: “Global trade has slowed in recent months and leading indicators point to ongoing deceleration in global trade near-term.”
To see the term “severe recession” used in such a context is more than just a little bit alarming.
The last time the U.S. economy went through a recession, millions
of Americans lost their jobs and we saw a wave of mortgage defaults
unlike anything we had ever seen before in modern American history.
Are we about to go through something similar?
Earlier today, a CNN article
also used the term “recession”, and it discussed the fact that
investors now want big corporations to focus on paying down their debts
instead of buying back shares of stock…
Fears of an economic slowdown — or even
recession — have turned a spotlight on the debt that businesses piled up
during the past decade, when borrowing costs were historically low.
For the first time since the Great Recession, investors want
companies to prioritize paying down debt rather than investing in the
future or share buybacks and dividends, according to a Bank of America
Merrill Lynch survey of global fund managers.
But
stock buybacks are one of the only things that has been propping up the
stock market. The only way for the bubble to continue is for
corporations to go into dizzying amounts of debt in order to fund
massive stock buybacks, because the Federal Reserve clearly does not
intend to support the markets right now.
At least for the short-term, the Federal Reserve could have
calmed the markets and encouraged economic activity by leaving interest
rates alone.
In the end, they decided not to do that, and that makes one wonder what they are really trying to achieve.
