The Fed owns you. F**k the Fed!
From the Political Party Pooper Play Book (P4B)
So far, I’ve been plucking the low-hanging fruit. The truth of each post is painfully obvious. And there is plenty more of that be had. I’ll get to all of it before Election Day.
But there are one or two BIG, somewhat complex issues that will require you, if you’re a responsible adult, to do a little reading or research to fully understand. It is possible that many of you already know this stuff; perhaps better than I do. (Wait. Let’s not get carried away here.)
To the threat:
I want you to sit at your laptop and cup your hands together tightly over the keyboard. Have someone fill your hands with water. Now without spilling a drop, type a comment to this post.
Stupid, right? I hope no one tried it. If you did, there’s no point in you reading any further. You’re beyond help.
Well, that type of trick has been what the GOVERNMENT SAYS is the primary mission of the Federal Reserve. Keep inflation at bay while keeping unemployment low. The two are opposing forces. Left alone without interference they oscillate against each other in a healthy fashion. You have cyclical price increases and decreases. But you don’t have a constant state of inflation, a la Fed.
Recently, the Joe Duh Regime announced that they are ‘requiring” the Fed to add “creating equity in outcome” for minorities. You know who they are. They are the people the Joe Duh Regime thinks are too stupid to compete in the world without Mommy Government protecting them. I’m pretty sure Morgan Freeman, Charles Payne and Candace Owens, among millions of other “minority” people, would laugh at that.
So, from the cheap seats, the Federal Reserve is a benign creature created to look out for your interests.
Get your Street Politics and P4B gear here!
Well, boys and girls, it’s not.
In order to truly understand this YOU MUST read The Creature From Jekyll Island, by Griffin. This is a heavily documented history of the Fed from it’s founding. What you will read will astound and infuriate you. The Fed, our equivalent of the Bank of England and the European Central bank, is a creature created to seal in concrete the power of our Central government. It also provides them the luxury of throwing away money, recently many trillions of dollars; to create the illusion they are giving you things. This keeps the unwashed away from the palace gates; keeps you numb nobodies sedated with ever depreciating money.
If time is an issue, there may be a good version of Cliff Notes for Creature. The ones I’ve seen online are pretty lame. No explanation of terms, etc. But read it!
People think the Fed is answerable to the government. That’s how it was sold to congress to create it. It is actually a conglomeration of powerful banks that hold an unacceptable amount of power OVER the government and utterly over YOU.
There are others who hold Fed shares, but the big Fed powerhouses are Bank of America, JP Morgan, Citigroup and Wells Fargo. (It would be worth checking to see if Blackrock and Vanguard hold shares, considering what I posted here.) If they were the least interested in the common good that would be great. But they are not. They are interested in their bottom line, first, last and always.
Jefferson and Madison fought against establishing the first central bank because they knew from experience that ALL governments eventually treated central banks as money presses. They would abuse their offices to create mountains of debt, foisted on the people. It is a certain path to permanent inflation and a speculatory nightmare. And they were right, of course.
It’s a threat to liberty and our republic. You’ll see why in just a bit.
The book details how the Fed loans the United States and other countries insane amounts of money. How the loans are abused and how they are almost NEVER paid back. The big banks running the Fed don’t want the loans paid back for two reasons.
Fractionalized Lending. The Fed, like all banks, with a bookkeeping trick, loan the same billions - or now trillions - of dollars over and over again. If you take out a loan at your bank the credit is based on the same money that has been loaned out again and again. That is why they don’t want you to ever actually pay it back. They just want you to service the interest for as long as they can possibly drag it out. So long as you do that, they have income and they own the underlying asset you borrowed against. The Fed operates the same way. And who knows how many times the times the loan money has been fractionalized. Because the Fed has never been audited. The government has no power over the Fed. They presently hold all the power over the government. And the Fed is perfectly happy to see our government and all governments just service the debt because it is ALL income for the bank. None of the loans, except for the first loan on the first non-fractionalized dollar, represent a loss for the Fed - the big banks. It’s all money in.
When the government borrows money from the Fed it is printed or created digitally with absolutely no value behind it whatsoever. Every penny is fiat money. Every dollar printed devalues every dollar you earn or have. That is why the Fed NEVER loses. In fact, they will happily refinance your debt and put you in deeper hock to them. IT’S ALL INCOME.
Why do you think refinancing YOUR loans is a service advertised online and on TV? They don’t want your house and they don’t want the principal to be paid back. They want an unending stream of cash. And they hope you live a long and healthy life. Because when you croak the estate liquidates all debt. The bank’s loan is paid off. And that is what they fear.
Because of fictionalized lending, assuming your loan was the ninth on the books for those particular dollars, all but 10% of the money returned against principal vanishes. It’s gone as if it never existed. Poof.
It is impossible to know how many times the Fed has chopped up (fractionalized) the money it lends. Considering the insane amount of money that has gone out in loans over the last decade, tens of trillions, if they were only slicing and dicing 6 or seven times per dollar lent, I think our inflation rate would be approximately a gazillion percent per year. But it is not.
What happens if our dollar get so weak (Joe Duh is working on it) that nations realize they can pay of their debts or refi with China or the Saudis and let them pay it off?
That money only exists as a U.S. Bond. Do you think the executives at the big banks are going to take it on the chin and hand back their salaries when the money goes POOF? That wouldn’t even solve the problem. No, they are going to keep every dime.
Consider the 2008 crash. The bigs were up to their eyeballs in crap debt created with all this easy money. They decided to make some extra skim off of debt and started a casino making chips with worthless paper bundled with good stuff. The chips were called collateralized debt obligations (CDO) and credit default swaps (CDS). The dumb and the greedy couldn’t get enough of the game. The cautious thought they could use them as a hedge or a write-off. The smart few realized the chips were dangerous and they could see the end coming.
When people started calling out this activity, Glenn Beck was ahead of the game in the media, the chatter on the business channels was, “Well, It’s just big investment firms and whales playing hot potato with some shitty paper. It’s not like they are selling these things to Joe Six-Pack.”
Then, after a year of warnings from the observant, a couple of firms ended up with more of this garbage on their books than the entire net worth of their corporations. Boom.
The reason they had all this funny money and bad debt washing around can be traced back to the policies and practices of the Fed. Hey, the players were just imitating the Fed’s insane, irresponsible behavior.
What should have happened was too painful to consider. You were told that if the banks and whales were permitted to go belly up then everyone would go broke. True, a lot of people would have taken a 1929-like hit. But that is and was recoverable in an environment where the government and the big banks aren’t taking warm showers together all the time. It was true in 1929 and it was true in 2008. It will be true again, when they tell you it's not. And that's right soon. Soldier on.
So instead of letting the all the big guys go under, the government scared you with the Depression boogieman and set about making their rich friends whole. And instead of freezing the Fed and going in and auditing ITS practices, they green lighted them to print every dime needed to bail out the players at the casino. The result was huge losses for you, foreclosures among you or your friends while the players were made whole or nearly whole. It cost only $1trillion…because they all knew that was just the down payment.
Then for the next ten years the Fed held a fire sale on easy money. The players kept grinding while the rest of the economy limped along at about 1% growth.
It’s worth noting two important things here: 1. To this day the Fed still loans TRILLIONS all over the world like it was day one of the 2008 crash. A tiny fraction will ever be paid back. 2. CDOs are still a multi-trillion dollar game. But now it’s more like a money laundering scam than a mortgage scam. Hell, the government buys all the worthless mortgages now along with the good ones. And get this! They do it with money from the Fed! You can't make this stuff up!
It’s time to audit the Fed or end the Fed. Or both. Every time someone calls for that (Senator Rand Paul is one) the propaganda machine goes into high gear saying that we could mess up the economy if we do that. And how dare anyone suggest that the Fed would do anything to harm Americans?! Why, they are a sort of…half government…helping…patriotic…critical…ya know, the thing!
May I remind you the Federal Reserve is a band of large banks, still players all, in the casino. And THEIR interests are their only interests. Where their interests meet ours, fine. Where they collide it’s, “fuck you, we have politicians to control and empires to expand.”
It is further worth noting that your economy is collapsing around your heads. This is because, and this is just one example of MANY, the government and the Fed are printing money at an alarming rate to finance crony “green” projects. The projects will NEVER work as advertised. So, why do that, right?
Well, the big players, including Fed members have positioned themselves to get this money handed to them. Blackrock and Vanguard will get a lot of that money too. With some of it they will build windmills, hundreds of millions of acres of them. They’ll keep the rest of the money. The windward turbines, on any given farm, when the wind is actually blowing, will work. The leeward on those huge farms, from the second row back, meh, not so much. The ones at the back, ziltch.
What? Did you think the big banks and investment firms were doing this because they care about “green” energy and our precious environment? Hah! You kill me. They don’t even care if these things work. Think Solyndra, but on a multi-trillion dollar scale. All financed by the same guys (Fed members) who will be making all the money!
But they won’t lose anything on the other end when the whole thing fails. No, no! They will set up shell corporations or find a few suckers to build these tinker toys. They will “LOAN” some of the trillions, they gave to themselves, to these companies. When the wind farms, by that time covering an area wider than 5 large Midwestern states, fail…well the shell company declares bankruptcy. Now no one owns the rusting worthless hulks. They sit and rot. Problem solved…for the Fed members and other environmentally patriotic players at the casino.
As I said, the "green" thing was just an example. There are thousands of schemes in constant motion maintained by your tax dollars that don't make the taxpayer a single dime. In fact, we invariably lose. They are all orchestrated by the Fed, cronies and their political whores.
It’s time to put a leash in the Fed. 65.