Federal Reserve Financial Mismanagement – Global Research


18-05-20 01:56:00,

The misnamed Federal Reserve isn’t federal. It’s owned and controlled by major Wall Street banks.

It serves their interests at the expense of sound economic policy, ignoring its congressional mandate to “promote effectively the goals of maximum employment, stable prices, (low inflation), and moderate long term interest rates.”

The Fed transformed monetary policy into a tool for elevating stock prices to more greatly enrich America’s privileged class at the expense of protracted Depression conditions, high unemployment, and far greater underemployment throughout most of the new millennium.

Its mismanagement is greatly exacerbated by the current economic collapse, a likely protracted economic death cycle for most Americans.

Tens of millions are unemployed. Millions with jobs are working reduced hours for poverty-level pay and few or no benefits.

Countless millions lost healthcare coverage at a time when it’s most needed.

GDP, retail sales, industrial production, unemployment, and other economic data plunged to record low levels while food prices are surging — risking a 2nd epidemic of hunger and malnutrition.

Real unemployment isn’t the phony Labor Department’s 14.7%.

When calculated according to its pre-1990 model, it’s 39.6% and rising, according to economist John Williams.

By comparison, unemployment during the depths of the Great Depression was around 25%.

Noted Wall Street analyst Jeremy Grantham earlier slammed what he called “ruinous” Fed policymaking, saying:

“If I were a benevolent dictator, I would strip the Fed of its” wrongheaded policymaking, “limit(ing) its meddling to attempting to manage inflation,” adding:

“I would limit (Fed) activities to making sure that the economy had a suitable amount of liquidity to function normally – a Goldilocks formula, not too hot, not too cold, just right.”

“I would force it to swear off manipulating asset prices through artificially low rates and asymmetric promises of help in tough times” — the so-called Fed put, believing its policymaking will  reverse stock prices if fall too far.

The so-called Reagan era-established Plunge Protection Team operates by manipulating stock, bond, commodity, and currency markets.

There’s nothing random about market movements, one of many Wall Street myths.

Grantham also explained that abnormally low interest rates for protracted periods encourage destabilizing speculation,

 » Lees verder

The Federal Reserve: More Lethal than Coronavirus


04-05-20 07:10:00,

 BlogviewRon Paul Archive

The Federal Reserve: More Lethal Than Coronavirus

Bookmark Toggle AllToCAdd to LibraryRemove from Library • B

Search Text Case Sensitive  Exact Words  Include Comments

    Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown. Following this announcement, Federal Reserve Chairman Jerome Powell urged Congress and the Trump administration to put aside any concerns about the deficit and spend whatever it takes to stimulate the economy and combat coronavirus.

    The Federal Reserve previously announced it would make unlimited purchases of Treasury securities, thus encouraging Congress and the president to increase spending and debt. With some members of Congress talking about another multi-trillion-dollar stimulus bill, and with President Trump proposing a two trillion dollars infrastructure plan as a way to get Americans back to work, it is obvious, and not surprising, that Congress and President Trump gleefully agree with Powell’s advice.

    Increasing the purchase of federal debt is not the only action the Fed has taken in a desperate attempt to keep the economy afloat. Since the coronavirus lockdowns began in early March, the Fed has greatly expanded its balance sheet. The Federal Reserve has also launched an unprecedented program to “loan” money directly to businesses.

    While some states are beginning to end the lockdowns, it may be months or even another year before all the lockdowns are finally ended. It is unlikely that the economy will completely recover after the shutdown ends.

    The economy was teetering on the brink of a recession months before anyone heard of coronavirus. Last September, a panicked Fed began emergency infusions of cash into the repurchasing market, which is where banks make short-term loans to each other. The Fed’s balance sheet expansion also began in September. The Fed was also pushing interest rates down before the coronavirus panic, and it will likely keep rates at or even below zero long after the crisis related to the shutdown subsides.

    Economic stagnation combined with zero or negative interest rates remove incentive for people to save.

     » Lees verder

    US Federal Reserve props up zombie companies that should have collapsed – RT’s Keiser Report


    16-04-20 01:44:00,

    The Covid-19 pandemic has been disrupting US supply chains, with problems emerging in the distribution of food and money. And, while the Fed continues printing money, it cannot print agricultural products or supply chains.

    RT’s Keiser Report talked to Steven McClurg of Exponential Capital about there being ‘no limits’ to the Fed’s money-printing to fight the ‘deflationary trap.’ 

    “When you’re bailing everybody out, essentially you are bailing nobody out, and certainly hurting the middle class and the working class in the United States in the process,” he says.

    According to McClurg, the very easy monetary policy has caused big investors, like insurance companies and pension funds, to purchase much riskier products because they need the yield.

    “This state of monetary policy has propped up a lot of companies that really shouldn’t exist right now. A lot of these companies, producing inferior goods…”

    “So, we have these zombie companies that have been running around for the last ten years, that should have collapsed, so that new innovations could actually come out,” he explains.

    Those companies were not innovating any more, McClurg notes, they were simply selling goods so they could make their debt service. “And their debt service was actually quite low… the Fed was propping them up.”

    For more stories on economy & finance visit RT’s business section

     » Lees verder

    Proposed Federal “Distance Learning” Rules Help Big Tech Shut Public Schools, Replace Teachers with AI – Activist Post


    08-04-20 03:59:00,

    By John Klyczek

    The DeVos Department of Education’s new “Proposed Rules” for federal regulations of “Distance Education and Innovation” (85 FR 18638) will effectively open the floodgates for online education corporations to put public brick-and-mortar schools out of business by streamlining “adaptive-learning and other artificial intelligence” technologies that replace “human instructors” with “competency-based education (CBE)” software which provide “direct assessment” through “subscription-based” courseware that data-mine students’ cognitive-behavioral algorithms to “personalize” digital lessons.

    What Is Computerized CBE? No More Classrooms, No More “Credit Hours”:

    As I have documented in several articles, “CBE” is a euphemism for educational methods that deploy computer modules based on Harvard Psychologist B. F. Skinner’s “teaching machines,” which implement operant-conditioning methods to “shape” student learning into “competent” behaviors geared toward college or career readiness. The terms “competency-based education” and “CBE” are used 147 times in the new Proposed Rules for 85 FR 18638, which is a total of 64 pages long. Compare this to the 392-pages of federal legislation that cover the entire Every Student Succeeds Act (ESSA), which only contains 6 references to “competency-based education.”

    According to Skinnerian CBE advocates, competency-based computer learning at home is better than human instruction in a classroom because the one-to-one student/computer ratio enables each student to learn at his or her own pace. 85 FR 18638 states “CBE programs . . . measure student progress based on their demonstration of specific competencies rather than sitting in a seat or at a computer for a prescribed period of time. Many CBE programs are designed to permit students to learn at their own pace.” Stated differently, when a student enrolled in CBE courseware is ready to move on to the next lesson, he or she can click on the next learning module without having to wait for the teacher to deliver the next lecture. And if a CBE student is not ready to move on to the next virtual lesson, he or she can remediate by repeating the same digital learning module without being “left behind” when the teacher moves on to the next lecture.

    “Subscription-Based” Distance Learning,  » Lees verder

    The Federal Reserve is Lying About Coronavirus – John Titus on The Corbett Report


    07-04-20 02:40:00,

    SHOW NOTES AND MP3: https://www.corbettreport.com/?p=35810

    John Titus of Best Evidence joins us to discuss Season 2 of his “Mafiacracy Now” video series, an exploration of the crimes of the banksters and their multi-trillion dollar heist that is being perpetrated during the current crisis. Today we talk about the Fed’s lies about the coronavirus and what horrifying truths about the collapsing economy are hidden behind them.

    Share this:

    Vind ik leuk:
    Like Laden…

     » Lees verder

    Was the Federal Reserve Just Nationalized? – Global Research


    06-04-20 09:36:00,

    Did Congress just nationalize the Fed? No. But the door to that result has been cracked open.

    Mainstream politicians have long insisted that Medicare for all, a universal basic income, student debt relief and a slew of other much-needed public programs are off the table because the federal government cannot afford them. But that was before Wall Street and the stock market were driven onto life-support by a virus. Congress has now suddenly discovered the magic money tree. It took only a few days for Congress to unanimously pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will be doling out $2.2 trillion in crisis relief, most of it going to Corporate America with few strings attached. Beyond that, the Federal Reserve is making over $4 trillionavailable to banks, hedge funds and other financial entities of all stripes; it has dropped the fed funds rate (the rate at which banks borrow from each other) effectively to zero; and it has made $1.5 trillion available to the repo market.

    It is also the Federal Reserve that will be picking up the tab for this bonanza, at least to start. The US central bank has opened the sluice gates to unlimited quantitative easing, buying Treasury securities and mortgage-backed securities “in the amounts needed to support smooth market functions.” Last month, the Fed bought $650 billion worth of federal securities. At that rate, notes Wall Street on Parade, it will own the entire Treasury market in about 22 months. As Minneapolis Fed President Neel Kashkari acknowledged on 60 Minutes, “There is an infinite amount of cash at the Federal Reserve.”

    In theory, quantitative easing is just a temporary measure, reversible by selling bonds back into the market when the economy gets back on its feet. But in practice, we have seen that QE is a one-way street. When central banks have tried to reverse it with “quantitative tightening,” economies have shrunk and stock markets have plunged. So the Fed is likely to just keep rolling over the bonds, which is what normally happens anyway with the federal debt. The debt is never actually paid off but is just rolled over from year to year.

     » Lees verder

    Federal Reserve pompt in vier maanden $400 miljard in de markt – Geotrendlines


    26-01-20 05:27:00,

    De Federal Reserve heeft met repo interventies en een nieuwe ronde van monetaire verruiming al meer dan $400 miljard in de markt gepompt. Met deze ingreep wist de centrale bank de rust in de repomarkt terug te brengen, nadat de rente in september plotseling naar 10% schoot. En hoewel de rente weer binnen de gewenste bandbreedte beweegt blijft de markt nerveus. De onderliggende liquiditeitsproblemen van banken en hedgefondsen zijn immers niet verholpen.

    De Amerikaanse centrale bank opende in september voor het eerst sinds 2008 het noodloket voor banken. Ze injecteerde miljarden dollars in de repomarkt om banken van voldoende liquide middelen te voorzien. De centrale bank nam staatsobligaties en minder kredietwaardige hypotheekleningen over van banken, in ruil voor tegoeden bij de Fed. Het zou gaan om een tijdelijke maatregel, maar de afgelopen maanden werden deze noodleningen voortdurend doorgerold. Ook stelde de Fed steeds meer liquiditeit beschikbaar.

    Crisis in de repomarkt

    De beurzen staan op recordhoogte, maar achter de schermen worstelt de Fed nog steeds met fundamentele problemen in de repomarkt. Op deze markt lenen financiële instellingen en hedgefondsen om met hefboomwerking te beleggen en om kortlopende verplichtingen af te dekken. Deze partijen opereren doorgaans met geleend geld, dat voortdurend doorgerold moet worden. De laatste jaren leunt deze markt op een steeds kleiner aantal banken, waardoor de beschikbaarheid van liquiditeit afneemt. Daar komt bij dat de Fed met haar balansafbouw de afgelopen twee jaar veel liquiditeit uit het systeem heeft gehaald.

    Het opdrogen van liquiditeit betekent dat het voor financiële instellingen en hedgefondsen moeilijker wordt om leningen door te rollen en kortlopende verplichtingen te voldoen. Dit kan acuut problemen opleveren, bijvoorbeeld wanneer het sentiment in de markt omdraait en veel beleggers hun posities in hedgefondsen te gelde willen maken. Zonder directe steun van de centrale bank kunnen hedgefondsen failliet gaan, met alle gevolgen van dien.

    Repomarkt leunt steeds meer op vier grote banken (Bron: BIS)

    Fed overweegt uitbreiding repo interventies

    Om dit scenario te voorkomen overweegt de Fed nieuwe instrumenten, waarmee ze ook kleinere banken en hedgefondsen uit de problemen kan helpen. Een gevaarlijke stap, omdat de centrale bank daarmee in feite de taak van commerciële banken overneemt. De repomarkt kan vanaf dat moment volledig leunen op de steun van de centrale bank.

     » Lees verder

    Federal Reserve: Enemy of Liberty and Prosperity – Global Research


    19-11-19 03:40:00,

    Lost in the media’s obsession with the impeachment circus last week was Federal Reserve Chairman Jerome Powell’s testimony on the state of the economy before the Joint Economic Committee. In his testimony, Chairman Powell warned that when the next recession inevitably occurs, the US Government’s over $23 trillion debt would prevent Congress from increasing spending to revive the economy.

    Powell also said that the Fed’s current low interest rate policies would prevent the Fed from using its traditional methods of increasing the money supply and further lowering interest rates to jump-start economic growth in a recession. Hopefully, Powell is correct that when the next recession hits the Federal Reserve and Congress will be unable to “stimulate” the economy with cheap money and new spending.

    Interest rates are the price of money and, as with all prices, government manipulation of interest rates distorts the signals regarding market conditions. Artificially low interest rates lead to malinvestment and the creation of bubbles. Recessions are a painful but necessary correction that allows the economy to cleanse itself of these distortions. When the Federal Reserve and Congress try to stimulate the economy, they introduce new distortions, making it impossible for the economy to heal itself. Fiscal and monetary stimulus may temporally create the illusions of prosperity, but in reality they merely create another bubble that will eventually burst starting the boom-and-bust cycle all over again. So, the best thing Congress and the Federal Reserve can do to help the economy recover from a recession is nothing.

    Powell is the latest Federal Reserve Chair to warn of the dangers of government debt, which is ironic since the Federal Reserve is the great enabler of deficit spending. Government manipulation of the value of money allows politicians to hide the true costs of their warfare and welfare. This is why throughout history governments have sought the power to dictate what is and is not money and determine the value of the monetary unit. Today’s central bankers are the heirs of the medieval kings who shaved off the edges of gold coins, then ordered the people to pretend that shaved coins were just as valuable as unshaved coins.

    Instead of shaving gold coins, today’s central bankers facilitate the growth of government by purchasing government securities in order to keep interest rates—and thus the government’s borrowing costs— low.

     » Lees verder

    The Federal Reserve Cartel: The Eight Families – Global Research


    05-10-19 06:46:00,

    This carefully researched article was first published by Global Research on June 1, 2011.

    (Part one of a four-part series)

    The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

    According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

    So who then are the stockholders in these money center banks?

    This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

    One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]

    J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US. They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.

    CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris,

     » Lees verder

    Federal court tells Apple & Google to share data of over 10,000 gun scope app users – report


    07-09-19 09:11:00,

    In an unprecedented federal data grab, the US Department of Justice has called on Google and Apple to disclose the names and data of thousands of users of a gun scope mobile app, reportedly as part of a probe into illicit exports.

    Federal investigators are demanding the tech giants hand over information on anybody who downloaded Obsidian 4, a mobile app that allows users to link up their smartphone with specially-made gun scopes, according to a court order filed on Thursday and seen by Forbes before it was sealed.

    If the tech firms comply with the feds’ dictate, the disclosure would reveal the names, phone numbers and other data of over 10,000 people – certainly many with no connection to crime – in a massive breach of privacy. The data furnished by Google and Apple would effectively “dox” the thousands of users of the app, revealing their identities without permission.

    Also on rt.com
    Big Tech & Big Brother meet at Facebook HQ to discuss how to ‘secure’ US elections

    A page on Google’s Android app store shows Obsidian 4 has been downloaded over 10,000 times, though Apple’s own app store does not include download figures, meaning the number of people exposed in the data dump could be significantly higher.

    The court order was prompted by an ongoing Immigration and Customs Enforcement (ICE) investigation into illegal exports of weapons and other gun-related gear, including the specially-designed “smart scope” produced by American Technologies Network (ATN), the same firm behind the Obsidian 4 app.

    While ATN is not directly implicated in the investigation, ICE wants to find out who is using the company’s scope, and in what countries. International sale of the scope in question is controlled under the International Traffic in Arms Regulation, and ICE has made repeated attempts to block exports to buyers who lack the proper licenses, including in Hong Kong, Canada and the Netherlands.

    Also on rt.com
    Google sued for ‘snooping on iPhone users’: Will 5.4mn Brits get compensation?

    The DOJ’s order, which will apply to American users of the scope app, has some privacy advocates horrified.

     » Lees verder

    Is the Federal Reserve losing control of the gold price? – PaulCraigRoberts.org


    08-08-19 10:04:00,

    Is the Federal Reserve losing control of the gold price?

    Paul Craig Roberts

    After years of being kept in the doldrums by orchestrated short selling described on this website by Roberts and Kranzler, gold has lately moved up sharply reaching $1,510 this morning.  The gold price has continued to rise despite the continuing practice of dumping large volumes of naked contracts in the futures market.  The gold price is driven down but quickly recovers and moves on up.  I haven’t an explanation at this time for the new force that is more powerful than the short-selling that has been used to control the price of gold.

    Various central banks have been converting their dollar reserves into gold, which reduces the demand for dollars and increases the demand for gold.  Existing stocks of gold available to fill orders are being drawn down, and new mining output is not keeping pace with the rise in demand.  Perhaps this is the explanation for the rise in the price of gold.

    During the many years of Quantitative Easing the exchange value of the dollar was protected by the Japanese, British, and EU central banks also printing money to insure that their currencies did not rise in value relative to the dollar. The Federal Reserve needs to protect the dollar’s exchange value so that it continues in its role as the world’s reserve currency in which international transactions are conducted.  If the dollar loses this role, the US will lose the ability to pay its bills by printing dollars.  A dollar declining in value relative to other countries would cause flight from the dollar to the rising currencies.  Catastrophe quickly occurs from increasing the supply of a currency that central banks are unwilling to hold.

    One problem remained. The dollar was depreciating relative to gold.  Rigging the currency market was necessary but not sufficient to stabilize the dollar’s value. The gold market also had to be rigged. To stop the dollar’s depreciation, naked short selling has been used to artificially increase the supply of paper gold in order to suppress the price.  Unlike equities, gold shorts don’t have to be covered. This turns the price-setting gold futures market into a paper market where contracts are settled primarily in cash and not by taking delivery of gold. 

     » Lees verder

    US Federal Court Exposes Democratic Party Conspiracy Against Assange and WikiLeaks. Judge Dismisses DNC Lawsuit – Global Research


    02-08-19 09:01:00,

    In a ruling published late Tuesday, Judge John Koeltl of the US District Court for the Southern District of New York delivered a devastating blow to the US-led conspiracy against WikiLeaks founder Julian Assange.

    In his ruling, Judge Koeltl, a Bill Clinton nominee and former assistant special prosecutor for the Watergate Special Prosecution Force, dismissed “with prejudice” a civil lawsuit filed in April 2018 by the Democratic National Committee (DNC) alleging WikiLeaks was civilly liable for conspiring with the Russian government to steal DNC emails and data and leak them to the public.

    Jennifer Robinson, a leading lawyer for Assange, and other WikiLeaks attorneys welcomed the ruling as “an important win for free speech.”

    The decision exposes the Democratic Party in a conspiracy of its own to attack free speech and cover up the crimes of US imperialism and the corrupt activities of the two parties of Wall Street. Judge Koeltl stated:

    If WikiLeaks could be held liable for publishing documents concerning the DNC’s political financial and voter-engagement strategies simply because the DNC labels them ‘secret’ and trade secrets, then so could any newspaper or other media outlet. But that would impermissibly elevate a purely private privacy interest to override the First Amendment interest in the publication of matters of the highest public concern. The DNC’s published internal communications allowed the American electorate to look behind the curtain of one of the two major political parties in the United States during a presidential election. This type of information is plainly of the type entitled to the strongest protection that the First Amendment offers.

    The ruling exposes the illegality of the conspiracy by the US government, backed by the governments of Britain, Ecuador, Australia and Sweden and the entire corporate media and political establishment, to extradite Assange to the US, where he faces 175 years in federal prison on charges including espionage.

    The plaintiff in the civil case—the Democratic Party—has also served as Assange’s chief prosecutor within the state apparatus for over a decade. During the Obama administration, Democratic Party Justice Department officials, as well as career Democratic holdovers under the Trump administration, prepared the criminal case against him.

    The dismissal of the civil suit exposes massive unreported conflicts of interest and prosecutorial misconduct and criminal abuse of process by those involved.

     » Lees verder

    The Federal Reserve: A Failure Of The Rule Of Law


    14-03-19 09:01:00,

    Authored by Alexander Salter via The American Institute for Economic Research,

    “Money is power.” We’ve all heard this aphorism many times before. Too often it’s a lazy shorthand dismissal of the finding of mainstream economics, which show that the pursuit and possession of money often entails innocuous or even beneficial consequences for society. Dr. Johnson was right after all: “There are few ways in which a man can be more innocently employed than in getting money.”

    But there are some contexts in which the saying is apt. An obvious case is the Federal Reserve. The Fed has a monopoly on the creation of base money, the fundamental asset underlying the banking and financial system. And over decades, with each instance of financial turbulence, the Fed has become less constrained in how, when, and why it creates base money. Since the Great Recession, the Fed has been able to bestow purchasing power, liquidity, and solvency on just about any financial organization it pleases. If that isn’t power, there’s no such thing.

    The Federal Reserve System was created in 1913. It was intended to be a formalization of the interbank clearing system that then existed in the National Banking System. It was not intended to be a central bank. Even in the early 20th century, economists and politicians had some idea of what central banks did and how they behaved, and the existence of such an institution was widely regarded as inherently un-American, in the sense that it could not be reconciled with a self-governing society. That’s why so many proponents of the Federal Reserve System bent over backward to insist they were not advocating the creation of a central bank. And at the time, their repudiations were reasonable; there was no reason the Federal Reserve System had to acquire the powers it did.

    But then the US entered the First World War. Wars have a way of eroding society’s long-established institutions. And the political process has a logic of its own. These forces combined to transform the Fed into what its critics feared it might become: a genuine central bank.

    The Fed began supporting the market for US government debt during the First World War using techniques that were the forerunners of modern monetary policy.

     » Lees verder

    Federal Reserve Chairman Appears On ’60 Minutes’ – Why Now?


    12-03-19 01:03:00,

    Authored by Mike Krieger via Liberty Blitzkrieg blog,

    One of the most famous, and prescient, financial cartoons in American history is the above depiction of the Federal Reserve Bank as a giant octopus that would come to parasitically suck the life out of all U.S. institutions as well as free markets.

    The image is taken from Alfred Owen Crozier’s U.S. Money Vs Corporation Currency, “Aldrich Plan,” Wall Street Confessions! Great Bank Combine, published in 1912, just a year before the creation of the Federal Reserve. 

    On Sunday night, the current high priest of money printing, asset bubbles and inequality, Jerome Powell, appeared on 60 Minutes. Interviewer Scott Pelley mentioned the fact that such discussions are rare and noted the last time a Fed head appeared for such a chat was Ben Bernanke back in 2010.

    As such, what I find most interesting about this event wasn’t Powell’s boilerplate, bureaucratic propaganda about how the economy’s doing fine and how much central bankers love average Americans, but why he and the institution he heads felt a need to do this now.

    There’s no doubt something has the Fed spooked otherwise Powell never would have done this. One factor is they know the economic ground’s starting to shift beneath them, and they need to push a particular narrative ahead of time so central bankers can once again do as they please when “the time to act” arrives.

    This is why Powell pushed the blame on the current economic slowdown on China and Europe. The Fed is no different than your average politician. It takes full credit when things go well, but endlessly deflects and blames outside forces when things fall apart.

    Rule number 1 of the Federal Reserve:  It’s never the Fed’s fault.
    Rule number 2 of the Federal Reserve:  It’s never the Fed’s fault.
    Rule number 3 of the Federal Reserve…

    You get the point. If central bankers accept blame, or admit they got anything over the past decade terribly wrong, then they can’t justify doing more of the same and worse in the future. And that’s exactly what they plan to do,

     » Lees verder

    The Federal Reserve: Biggest Scam In The History Of Mankind – Hidden Secrets of Money Ep 4 | Light On Conspiracies – Revealing the Agenda


    18-02-19 01:01:00,

    Home / 1. Free Content / The Federal Reserve: Biggest Scam In The History Of Mankind – Hidden Secrets of Money Ep 4

    Published on Oct 15, 2013

    Who owns the Federal Reserve? You are about to learn one of the biggest secrets in the history of the world… it’s a secret that has huge effects for everyone who lives on this planet.

    Most people can feel deep down that something isn’t quite right with the world economy, but few know what it is. Gone are the days where a family can survive on just one paycheck… every day it seems that things are more and more out of control, yet only one in a million understand why. You are about to discover the system that is ultimately responsible for most of the inequality in our world today. The powers that be DO NOT want you to know about this, as this system is what has kept them at the top of the financial food-chain for the last 100 years. Learning this will change your life, because it will change the choices that you make. If enough people learn it, it will change the world… because it will change the system . For this is the biggest Hidden Secret Of Money. Never in human history have so many been plundered by so few, and it’s all accomplished through this…

    Please take a moment to support Ole on Patreon!

    Much of the daily content we publish is notable to us for various reasons. Having said that, the views and opinions expressed in this content, (articles, videos or any other content), are those of the authors and do not necessarily reflect the opinions of the authors of this site.

    As always, please do your own research. Please do not believe what you are told. Take what you like, and leave the rest.

     » Lees verder

    Federal Reserve Confesses Sole Responsibility for All Recessions


    28-01-19 09:12:00,

    Federal Reserve balance sheet reduction not happening yet even as the Fed applauds its own success

    In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States.

    Former Federal Reserve chief Ben Bernanke Federal Reserve creates all recessions

    First, former Fed Chair Ben Bernanke said that

    Expansions don’t die of old age. They get murdered.


    To clarify this statement, former Chair Janet Yellen placed the murder weapon in the Fed’s hands:

    Two things usually end them…. One is financial imbalances, and the other is the Fed.

    Think that through, and you quickly realize that both of those things are the Fed. Is there anyone left standing who would not say the Fed’s quantitative easing in the past decade was the biggest cause of financial imbalances all over the world in history? Moreover, whose profligate monetary policies led to the Great Financial Crisis that gave us the Great Recession?

    So, the Fed loads the gun with financial causes and then pulls the trigger. In fact, I think it would be hard to find a major financial imbalance in the US that the Fed did not have a hand in creating or, at least, enabling. Therefore, if those are the only two causes, then it is always the Federal Reserve that causes recessions by its own admission.

    And, yet, those Fed dons look so pleased with themselves.

    Yellen went on to say that when the Fed is the culprit, it is generally because the central bank is forced to tighten policy to curtail inflation and ends up overplaying its hand. (She didn’t mention that the Fed’s monetary policy may have a hand in creating financial imbalances.)

    Exactly, nor did she mention that the inflation they were “forced” to curtail always happens because of financial imbalances the Fed created or enabled. That is why I call our expansion-recession cycles, rinse-and-repeat cycles. Therefore, the Fed is only forced by its own ill-conceived actions. First you have to create the imbalance, which causes the economy and stocks to inflate, then you have to pull the trigger to shoot that down by tightening into a recession, which the Fed always does:

    Bernanke elaborated on Yellen’s point,

     » Lees verder

    US federal judge allows lawsuit over illegal experimentation on Guatemalan subjects


    21-01-19 09:12:00,

    Rafael Azul

    21 January 2019

    As the US government prepares ever-more stringent anti-immigration measures aimed at the thousands of Central American workers and peasants fleeing violence and hunger, a decision by a US federal judge has provided a further exposure of the criminal responsibility of US imperialism and US corporations for these intolerable conditions.

    On January 3, Theodore Chuang, a US federal judge in Maryland, allowed a $1 billion suit to proceed against various divisions of Baltimore’s Johns Hopkins University (hospital, school of public health, health system corporation), the Rockefeller Foundation, Bristol-Myers Squibb Company, Bristol-Myers Squibb US Pharmaceutical Group and Mead Johnson & Company for their roles in a medical experiment in which hundreds of Guatemalans were infected with syphilis and gonorrhea by the US government between 1946 and 1948. The purpose of the experiments was to test the effectiveness of a then recently developed drug (penicillin) in preventing and curing sexually transmitted diseases, in part because of the high costs associated with US troops becoming infected by those diseases.

    The defendants argued a Supreme Court decision shielding foreign corporations from lawsuits over human rights abuses also applied to them. The suit, by the Estate of Arturo Girón Álvarez and 733 others, was launched in 2015.

    The experiment, which was similar to the government’s infamous Tuskegee study on US Afro-American share croppers (1932-1972), left unwitting subjects infected with syphilis and untreated. Similar studies were done on prisoners in Terre-Haute, Indiana.

    In this study, some 1,500 healthy individuals, prostitutes, peasant military conscripts, prisoners and mentally ill patients (male and female), were deliberately infected, either through the use of prostitutes provided by the scientists, or by pouring the germs onto skin abrasions the researchers caused. The idea was to test penicillin’s effect on various strains of these diseases. None of the subjects was informed of the experiment; alcohol was often used to “lubricate” the participants. The illegality and criminal character of the study (both under Guatemalan and US laws) and the fact that it took place as Nazi doctors were being tried in Nuremberg for similar crimes required that it be kept secret. Needless to say, those that organized the experiment were fully conscious of their criminal conduct.

    As the experiment progressed,

     » Lees verder

    Federal Reserve Confesses Sole Responsibility For All Recessions


    21-01-19 09:00:00,

    Authored by David Haggith via The Great Recession blog,

    In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States.

    First, former Fed Chair Ben Bernanke said that

    Expansions don’t die of old age. They get murdered.

    – MarketWatch

    To clarify this statement, former Chair Janet Yellen placed the murder weapon in the Fed’s hands:

    Two things usually end them… One is financial imbalances, and the other is the Fed.

    Think that through, and you quickly realize that both of those things are the Fed. Is there anyone left standing who would not say the Fed’s quantitative easing in the past decade was the biggest cause of financial imbalances all over the world in history? Moreover, whose profligate monetary policies led to the Great Financial Crisis that gave us the Great Recession?

    So, the Fed loads the gun with financial causes and then pulls the trigger. In fact, I think it would be hard to find a major financial imbalance in the US that the Fed did not have a hand in creating or, at least, enabling. Therefore, if those are the only two causes, then it is always the Federal Reserve that causes recessions by its own admission.

    And, yet, those Fed dons look so pleased with themselves.

    Yellen went on to say that when the Fed is the culprit, it is generally because the central bank is forced to tighten policy to curtail inflation and ends up overplaying its hand. (She didn’t mention that the Fed’s monetary policy may have a hand in creating financial imbalances.)

    Exactly, nor did she mention that the inflation they were “forced” to curtail always happens because of financial imbalances the Fed created or enabled. That is why I call our expansion-recession cycles, rinse-and-repeat cycles. Therefore, the Fed is only forced by its own ill-conceived actions. First you have to create the imbalance, which causes the economy and stocks to inflate, then you have to pull the trigger to shoot that down by tightening into a recession,

     » Lees verder

    How The Federal Reserve Quietly Bankrupted The US Pension System


    08-01-19 02:56:00,

    Submitted by Stephanie Pomboy of Macro Mavens

    Actions have consequences.  Even for the Fed.

    That’s not a reference to the market’s grumpy reaction to the central bank’s continued rate hikes and quantitative tightening.  No.  The impact of both on financial assets were as obvious as they were inexorable.  To be sure, Wall Street’s resident soothsayers had a good run spinning tales that ‘this time’ was different. A tightening Fed, we were assured, was a good thing—a ringing endorsement of the economy’s indefatigable strength. But, in the end, there was simply no way around the basic fact: Just as rate cuts and QE were designed to expand the pool of credit and incent the embrace of risk, so would rate hikes and QT necessarily beget the reverse. And so they have.

    But while the impact of receding liquidity and the reduced reward for reckless speculation and risk-taking have finally begun to play out on Bloomberg screens everywhere, the real devastation has yet to be revealed.  In the ensuing weeks and months the full and lugubrious legacy of the Fed’s great monetary experiment of the last decade will finally come into view.

    Beyond inflating and bursting a bubble in corporate debt (with leveraged loans acting as posterchild), the Fed’s decade-long financial repression has had a far larger and more sinister impact: It has silently bankrupted the US pension system.  

    Sound overly dramatic??

    Here are the numbers from no lesser authority than the institution responsible for this destruction itself: the Federal Reserve.   By their calculations, at the end of the 3rd quarter, the funding shortfall of U.S. pension plans (public and private) stood at -$6.18t.  That’s trillion, with a capital ‘t’.  To put that in perspective, that’s roughly 30% of GDP:

    But that’s not even the scary part.  The scary part is that this is the funding deficit NOW…after a decade of rampant financial asset inflation and a 10-year economic expansion. One shudders to imagine what the picture will look like as these tailwinds reverse.  If the last two cycles are any indication, it won’t be pretty. The DotCom bust sent the cumulative deficit from -$1.2t to -$3.1t and the GFC saw it swell from -$2.9t to -$5.3t. 

     » Lees verder

    The Federal Reserve Is A Suicide Bomber With A Deeper Agenda | Light On Conspiracies – Revealing the Agenda


    30-12-18 10:56:00,

    By Brandon Smith

    Central bankers are sociopathic in nature and sociopathic people tend to behave like robots. When one understands the motivations of central bankers, or at the very least what their goals are, their actions become rather predictable. The question is, what truly motivates these people?

    I believe according to the evidence that the central banks are motivated by ideological zealotry with the core purpose of total global centralization of economic and political power into the hands of a select group of elitists. This agenda is really just a modern “reboot” of feudalism or totalitarianism. They sometimes refer to the plan in public as the “new world order,” or the “global economic reset.” I often refer to the encompassing ideology as “globalism” for the sake of expediency.

    To attain this goal, central bankers must influence mass psychology using traumatic events. Fear opens doors to centralization of power. This is simply a  fact social behavior and history. The more afraid a population is, the more willing they will be to give up freedoms in exchange for safety and security. Therefore, the most effective weapon at the disposal of the globalists and their central banking counterparts is engineered economic crisis — a weapon that can, if allowed, destroy entire civilizations almost as fast as a nuclear war, while still keeping most of the expensive infrastructure intact.

    Beyond that, economic crisis is also a weapon that can influence a population to embrace even greater enslavement while viewing their slave masters as saviors rather than villains.

    Despite what many people assume, central bankers are not driven by a desire for profit. They print their own capital, they hardly need to make a profit. Central bankers are also not driven by a desire to keep the current system afloat. They have demonstrated time and time again their habit of deliberately sabotaging the system through the use of inflationary bubbles followed by fiscal tightening into weak economic conditions. The U.S. economy today is just as expendable as any other economy the banks have destroyed in the past. It is not special.

    This fact is becoming extremely clear lately as the Federal Reserve initiates policy tightening measures into obvious economic weakness; an action which is crashing stock markets as well as destabilizing other sectors of the economy including housing markets,

     » Lees verder

    US Federal deficit up 50 percent in new fiscal year


    13-12-18 08:39:00,


    Your donations make all the difference. Together we can expose fake news lies and deliver truth.

    Amount to donate in USD$:



    Validating payment information…

    Waiting for PayPal…

    Validating payment information…

    Waiting for PayPal…



    Links3 mins ago

    US Senate passes resolution blaming Saudi Prince MBS for Jamal Khashoggi murder

    Links1 hour ago

    Brexit Fiasco Shows It’s Right to be ‘Saki’ About UK Democracy

    Links1 hour ago

    US Federal deficit up 50 percent in new fiscal year

    Links1 hour ago

    Anti-Trump dossier author was hired to help Hillary challenge 2016 election results

    Links2 hours ago

    How Democracy Is Losing the World

    Latest4 weeks ago

    Trump Quietly Orders Elimination of Assange

    Latest3 weeks ago

    Britain’s Enemy Is Not Russia But It’s Own Ruling Class, UN Report Confirms

    Latest3 weeks ago

    ‘Iron’ Mike Pence Stares-Down Putin In APEC Showdown

    Latest3 weeks ago

    US reportedly paid $25 million for Patriarch Bartholomew to meddle in Ukraine

    Latest1 week ago

    France’s Meltdown, Macron’s Disdain

    Latest1 day ago

    Macron offers crumbs to protestors in bid to save his globalist agenda (Video)

    Latest2 days ago

    Theresa May steers UK towards hardest BREXIT or nullification of referendum (Video)

    Latest5 days ago

    Michael Cohen exonerates Trump,  » Lees verder

    Federal Reserve registriert erste Ausfall-Welle bei Kreditkarten


    07-12-18 04:22:00,

    Dieser Artikel ist nur für Abonnenten der Deutschen Wirtschaftsnachrichten.

    Wenn Sie unsere journalistische Arbeit unterstützen wollen, wählen Sie eines unserer beliebten Abo-Modelle aus.

    Sie sind bereits Abonnent? Melden Sie sich hier an: Anmelden

    Sie sind an unserer Arbeit interessiert? Schließen Sie hier ein Abo ab: Abo wählen

     » Lees verder

    Trump vs. Federal Reserve: Wer wird der Schuldige sein, wenn die Märkte zusammenbrechen? | www.konjunktion.info

    Trump vs. Federal Reserve: Wer wird der Schuldige sein, wenn die Märkte zusammenbrechen? | www.konjunktion.info

    18-10-18 10:47:00,

    Leider ist es so, dass Geschichte nicht nur die Geschichte der Sieger ist. Nein, sie wird auch sonst meist verklärt dargestellt. Jeder, der ehrlich und objektiv gerade auf die jüngere Geschichte blickt, kommt nicht umhin zu realisieren, dass das meiste, was uns vom Mainstream erzählt wird, nicht der Wahrheit entspricht. Wir lernen, dass vieles in der “Geschichte” gefärbt und mit Halbwahrheiten gespickt ist. Das heißt, was wir zu wissen glauben, ist tatsächlich maximal Halbwissen und sind oft sogar reine Lügen.

    Unglücklicherweise können diese Lügen sehr komplex sein. Bis zu dem Punkt, an dem selbst viele alternative Forscher auf ihre eigenen Vorurteile hereinfallen und den Weg der Realität verlassen. Natürlich wollen Propaganda und auch die von mir mehrfach beschriebene 4. Generation der Kriegsführung genau das erreichen. Sie sind die Filter, die die Wahrheitssuchenden überwinden und umgehen müssen. Diejenigen, die diese Filter erkennen und umgehen, haben die größeren Chancen das große Bild zu erkennen. Aber selbst dann gibt es nur wenig, die dies mit diesen neuen Erkenntnissen erreichen können.

    Komplizierte propagandistische Narrative haben gewöhnlich ihre Wurzeln in archetypischen Memen, die mit der “Gedankenwelt” eines Durchschnittsmenschen in Resonanz sind. Wir müssen daher historische Ereignisse, die im Mainstream transportiert werden, mehr als ein Drehbuch verstehen, das einem bestimmten Muster folgt. Und dass die Intention der Menschen, die dieses Drehbuch geschrieben haben, die ist, dass die Öffentlichkeit als Publikum mit geringer Aufmerksamkeitsspanne agiert. Der Sinn unseres Daseins scheint nur noch darin zu liegen, dass wir solange mit unserer Arbeitsleistung den Schmierstoff erschaffen, den die Maschine (aka das System) benötigt, bis wir und unsere Arbeitsleistung nicht mehr gebraucht werden.

    Kabuki - Bildquelle: Wikipedia / Torii Tadakiyo (Hasegawa Kanbee XIV); gemeinfreiKabuki - Bildquelle: Wikipedia / Torii Tadakiyo (Hasegawa Kanbee XIV); gemeinfrei

    Kabuki – Bildquelle: Wikipedia / Torii Tadakiyo (Hasegawa Kanbee XIV); gemeinfrei

    In unserer heutigen Welt gibt es zahlreiche Schauspieler, die ihre Rolle in diesem Kabuki-Theater spielen und mit ihrem Spiel die Massen emotional manipulieren. Diese Schauspieler spielen die Rollen von Politikern und Staatslenkern. Sie sind Bankenmogule und Unternehmenschefs. Sie sind die medialen Torwächter und gesteuerte Prominente. Immer dann, wenn eine Person scheinbar aus einer Position der Macht heraus handelt, dann sind solche Menschen selten das, was sie vorgeben zu sein.

    Ich habe diese schwierige Einleitung für diesen heutigen Artikel gezielt so gewählt, weil viele Kritiker behaupten, dass diese Dinge doch offensichtlich sind (Stichwort Politdarsteller).

     » Lees verder

    New Data Shows Federal Reserve Is Causing More Inequality

    New Data Shows Federal Reserve Is Causing More Inequality

    12-10-18 01:13:00,

    Authored by Ryan McMaken via The Mises Institute,

    Back in August, Bloomberg interviewed Karen Petrou about her research on quantitative easing and the Fed’s policies since the 2008 financial crisis. What she has discovered has not been encouraging for people who aren’t already high-income, and in recent research presented to the New York Fed, she concluded Post-crisis monetary and regulatory policy had an unintended but nonetheless dramatic impact on the income and wealth divides.”

    This assessment is based on her own work, but also on a 2018 report released by the Minneapolis Fed.  The report showed that both income and wealth growth in the US have been much better for higher-income households in recent decades

    Notably, when indexed to 1971 (the year Nixon ended the last link between gold and the dollar) we can see the disparity between the top wealth groups and other groups:

    Petrou continues:

    What did we learn [from the Minneapolis Fed report]? This new dataset shows clearly that U.S. wealth inequality is the worst it has been throughout the entire U.S. post-war period. We also know now that the U.S. middle class is even more“hollowed out” than we thought in terms of income, with any gains made by the lower-middle class sharply reversed after 2007.

    Indeed, the report concludes: “…half of all American households have less wealth today in real terms than the median household had in 1970.”

    A closer look at income data also suggests that income growth has been especially anemic since 2007. Using data from the Census Bureau’s 2017 report on income and poverty, we find that incomes for the 90th percentile are increasingly pulling away from both the median (50th percentile) income and from the 20th-percentile income.

    The household income for the 20th percentile increased 70 percent since 1971, while it has only increased 20 percent at the 20th percentile.

    Of course, we might think, “we should be happy that the 20th-percentile income went up by 20 percent!”

     » Lees verder

    Trump vs. Federal Reserve: Die USA als Opfergabe auf dem Alter der Neuen Weltordnung | www.konjunktion.info

    Trump vs. Federal Reserve: Die USA als Opfergabe auf dem Alter der Neuen Weltordnung | www.konjunktion.info

    27-07-18 10:07:00,

    Immer wieder wird einem die Frage gestellt, wo denn die Ursprünge des uns allumfassenden und alles zerstörenden Globalismus zu finden sind. Viele glauben, dass die Wurzel der Globalisierung in den USA liegen, dass der US-amerikanische Imperialismus die Basis für das globalistische Schema darstellt und dass der US-Dollar der wichtigste und auch einzige Hebel ist, der diese Macht stützt.

    Das ist aber eine naive Vereinfachung der Realität.

    Zahlreiche falsche Annahmen und Gedankenkonstrukte gehen von der Idee aus, dass die Internationalisten/Globalisten/Eliten (IGE) den USA und dem US-System gegenüber loyal wären. Beispielsweise hat man in den letzten Jahren immer wieder das Argument gehört, dass die Federal Reserve “niemals ihr Quantitative Lockerung (QE) beenden” würde, dass die Fed “niemals die Aktienmärkte fallen lassen” würde, dass sie “niemals die Zinsen erhöhen” würde, dass sie “niemals ihre Bilanz zurückfahren” würde, usw. usf.. All diese Annahmen basierten dabei auf der Idee, dass die Zentralbanken und die IGE die US-Wirtschaft und das US-Dollar-System benötigen würden, damit sie die finanzielle Kontrolle über die Welt behalten bzw. festigen können.

    Aber all diese Annahmen haben sich als falsch herausgestellt wie die letzten Jahre zeigen, wenn man sich die echten Fundamentaldaten anschaut, die aufgrund der direkten Effekte – ausgelöst durch das Ende der künstlichen Unterstützungsmaßnahmen seitens der Fed für die US-Wirtschaft – alles andere als gut aussehen. Insbesondere haben wir eine massive Ausweitung der Verschuldung bei den Unternehmen und Konsumenten erlebt, die es so vor dem Crash von 2008 noch nie gegeben hat.

    Aber das allein ist noch nicht alles. Es gibt zahlreiche Beispiele wie Offizielle der Fed bestätigen, dass ein Zusammenbruch an den Märkten und damit der Wirtschaft erfolgen wird, sobald die Fed ihre “Unterstützungslinien kappt”. Inklusive des jetzigen Fed-Vorsitzenden Jerome Powell, der die Folgen von Bilanzreduzierungen und Zinserhöhungen bereits im Jahre 2012 aufzeigte. Das bedeutet, dass Kritiker meiner Thesen nicht mehr argumentieren können, dass sich die Fed irgendwie nicht “bewusst” sei, was sie mit ihren Entscheidungen und ihrem Vorgehen an Konsequenzen auslöst. Die Zentralbanker WISSEN ganz genau, was die da gerade tun und welche Folgen es haben wird. Sie bringen die US-Wirtschaft gezielt zu Fall, währen die Zinsen langsam aber stetig erhöht werden.

     » Lees verder