If you regularly read or listen – hopefully you do both – you know I am no fan of the Federal Reserve. From its genesis on Jekyll Island to its mishandling of crisis after crisis to its unholy relationship with the World Bankers and the globalist cabal at the World Economic Forum, at no time has the Federal Reserve ever sided with the people. They simply aren’t set up to do that, nor do they see any benefit in it.
The Federal Reserve is not a government entity. It is a conglomerate of big bankers, assembled into a regional system that looks out for the banks. It is, by their own admission, the Central Bank of the United States even though no federal authority was given for the creation of a central bank. In fact, the United States had a decentralized banking system (if that sounds familiar give yourself a merit point) until the Federal Reserve Act of 1919 – thanks for the screwing again, Mr. Wilson.
The Federal Reserve Act created the Federal Reserve System, responsible for managing the country’s money supply, making loans and providing oversight to banks, and serving as a lender of last resort. It also created a national currency and a monetary system that – they insisted – could respond effectively to the stresses in the banking system, creating a “stable” financial system. A later amendment requires the Federal Reserve “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”
Just A Bang-Up Job…NOT
And you’ve seen what a fine job the Federal Reserve has done in executing its responsibilities. Since 1919, we have seen the:
Depression of 1920
Wall Street Crash of 1929
The Great Depression of 1929 – the worst economic crisis of modern history
The Energy Crisis of the 1970s
The Recession of the early 1980s
The Savings & Loan Crisis of 1986
The Black Monday Stock Market Crash of 1987
The Recession of the 1990s
The Recession of the Early 2000s
The Dot.Com Bubble Burst of 2000
SubPrime Mortgage Crisis of 2008
And the double dose of Black Monday and Black Thursday in the 2020 Stock Market Crash
Yes, we see Federal Reserve chairman Jerome Powell talking about doing all he can to stem inflation, but the fact is the policies of the Federal Reserve put the economy into the unstable state it exists in today. And looking at that list of financial catastrophes, was anyone or any organization “bailed out” other than the big banks and gamblers of Wall Street? I dare say, no.
Exhibit A
The subprime mortgage crisis of 2008 stands as a perfect example, although there were many more guilty parties to that fleecing of the United States than just the Federal Reserve. In that instance, the entire financial sector stood guilty of grifting the system; using other people’s money to gamble with and losing. In that massive economic “miscalculation”, people from all walks of life lost lifetimes worth of accrued wealth, all because of the avarice of Wall Street gamblers, their investment banker enablers, and – yes – the Federal Reserve.
Consider this. Do you really know what a hedge fund is? In short, these are wealthy groups of people who half the time bet on an asset losing or “hedging” their “bets”. Those who manage hedge funds can literally make money off of a loss. How is it pro-American to hope that someone loses financially; that people invest money in the hope that someone fails? Yes, it’s more complicated than that but the fact remains, if that investment were used to support business rather than bet against it, how many companies would still be around today? How many people would be gainfully employed?
Further, there are investment vehicles that are used that allow investment bankers and hedge fund managers to take great risks – placing very risky “bets” – with other peoples' money. A look at the 2008 subprime mortgage crisis is a perfect example. Massively risky financial actions by the biggest banks in the world ended in catastrophe, not for the major players – although some institutions were left swinging in the wind by their brother big bankers – but for the investors; the little guys.
And what did our federal government do? Do you remember the first time the term, “too big to fail” was used? That’s right, the government used created Federal Reserve currency based on the future promise of extracting the bailout funding from the United States taxpayers.
Additionally, we must all understand that when the US government throws financial commitments around on the world stage, that promise of the banks opening their windows to Third World and emerging nations is backed – at least since 1971 – by the “full faith and credit of the US government”. Of course, that means you and I; the taxpayers. Not the big bankers. Not the Wall Street gamblers. Not the hedge fund managers or derivative traders. You and I. The taxpayers.
Digitizing Financial Cronyism & Coercion
Now comes the US government and Federal Reserve’s want to establish a Central Bank Digital Currency or, in layman’s terms, a “digital dollar”, doing so even as they, along with the Security & Exchange Commission, seek to destroy the cryptocurrency markets for the sole reason that they cannot control it.
Imagine the grifting that would take place if the US federal government and their colluding Federal Reservers would facilitate if they could digitally control wealth – all of our wealth. Worse than that, imagine how the government could use its control over the administration of that digital currency system to control you; to control the public in mass?
Didn’t get a COVID shot? The government turns off your access to your money. The IRS believes – without due process – that you owe taxes? They simply take it by deducting it digitally. Protest an action by a government that has become tyrannical? They will literally turn off access to your money and starve you into submission. Think I’m joking? Look at what the fascist Justin Trudeau did to Canadian truckers during their protest of draconian COVID regulations – regulations we now know served no medical purpose at all. They eliminated their access to their wealth; denied them access to their wealth!
Are you naive enough to believe that the Biden administration wouldn’t have used their control of a Central Bank Digital Currency to mandate their COVID edicts? They tried to use OSHA and succeeded until sanity dripped out of the United States Supreme Court.
I had a chance to talk with Jenny Logan, a certified financial planner and lawyer, who understands the dark underbelly of the Federal Reserve and their voracious appetite to establish a Central Bank Digital Currency. And while she does provide a solid argument for why the possibility of a Central Bank Digital Currency is slim and none in the short term, she agrees with my alarm about government’s encroachment into the private sector and how a Central Bank Digital Currency opens the door to despotic totalitarianism.
And Now For The Shameless Plug
Instead of acquiescing to a bully government in fascist collusion with the big bankers of the United States, we need to reduce the encroachment of the federal government into our lives to effectively “decentralize” the federal government back to its proper role as defined by the US Constitution and before Woodrow Wilson ended the government our Framers bequeathed to us.
This is precisely the subject matter I address in my new book, Nullification: The Case for Decentralizing the Federal Government. It’s available on Amazon in digital and printed form. I hope you pick up a copy, read it, and then send it on to trustworthy members of your state governments asking them to consider the concept as an option for saving our Republic.
Without a doubt, opposing a Central Bank Digital Currency is critical. And when I come back, I talk with Jenny Logan about just that.
There are a plethora of books and documentaries out there that examine the genesis and performance of the Federal Reserve. But to be able to tell the truth from fiction, the prerequisite reading of The Creature from Jekyll Island is strongly suggested. After reading that – and after calming from the outrage you will inevitably experience – you will be able to divine Deeps State spin from the truth.
And for expert financial advice – and remember, knowing what not to do is just as important as knowing what to do in finance – check out Jenny Logan’s organization, Chisholm Financial Planning…
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Warning Against The Fed’s Quest For A Central Bank Digital Currency