[ [ [ bloggin space w i k i ] ] ]

The Federal Reserve

From blogginpedia
Jump to navigation Jump to search

Take a deep breath, suckas, before reading this one... It's a biggie.

Explanation

Fed clown.png

A quick breakdown for us, explaining how wealth was removed from the American people and transferred to individuals who may not have America's best interest in mind. Such information will include the Covid-19 horseshit, Fiat money, FDR taking America off of the gold standard, Nixon fucking shit up, and other "removal of wealth topics."

The Gold Standard And Fiat

Fed clown2.png
  • The US Central Bank, the Federal Reserve (the Fed) and the IRS were both created in 1913.
  • The IRS conveniently forced everyone to use Federal Reserve Notes to pay their new US Federal Income Tax.
  • The Fed was supposed to stabilize the US currency by backing every Federal Reserve Note (FRN) issued with 40% gold (40 cents of gold for each FRN issued).
  • In 1933, everyone’s gold was confiscated by the Treasury (except $100 worth/person) b/c the Fed convinced US Pres FDR that Americans were hoarding gold and they were forced to trade their gold in for $20.67/troy oz.
  • In 1934 the Gold Reserve Act allowed FDR to establish the gold value of the dollar solely by proclamation and raised the exchange rate to $35/oz, extracting wealth and value once again from the public.
  • In 1958, Bretton Woods pegs all foreign currencies to the dollar, and the dollar pegged to gold at $35/troy oz. Central Banks under the BIS pop up all over the world.
  • In 1971, Nixon depegs the dollar to gold entirely, making the US currency fiat, which completely negates the original Federal Reserve Act of 1913, which was to back Federal Reserve Notes issued with gold.
  • In 1974, Pres Ford legalizes gold ownership again without limitation.
  • The Federal Reserve, for the next 50 years and up to today, continues to counterfeit our currency, while charging us interest to do so. Rewarding insolvent, failing banks and investment firms using taxpayer money over and over and over again, while rigging global markets.

Wealth Transfer/Removal

Patrick grin.png

The Fed has coerced the US into a central bank-run state capitalist system. What you are witnessing is the corporate takeover of the USA by our own financial sector and its majority-owned stock in mega corporations. This is evidenced in not only recent corporate media surveillance and censorship, but also in the ongoing wealth transfer scheme of orchestrated booms and busts by the Fed and its primary dealers (laundering their worthless Federal Reserve Notes into real assets held by their private incorporation).

We have a state capitalist uni-party (comprised of both left and right establishment politicians) funded by the Federal Reserve and endlessly working for the top 10% of US wealth holders who own 88% of all stocks, 85% of all private businesses and fifty percent of all pensions. The entire system is geared to support this club (and yes, they are also mainly boomers) to the tune of acquisition of 3% of ALL ASSETS per decade.

The Fed is no longer the lender of last resort. The banks are rewarded for investing in failing financial funds and corporations. Why is interest based on credit, when the banks are not creditworthy themselves?

The State Capitalist/Ponzi Uni-party Regime of the Federal Reserve

State capitalism is an economic system where the means of production are privately owned, but the state has considerable control over the allocation of credit and investment, and intervenes in the economy with central planning to protect and advance the interests of big business against the interests of consumers.

Nitty Gritty

$79B in December alone paid in interest to issue our own currency[1]

$132,000 million paid this fiscal year so far in interest to issue our own currency[2]

  • The Federal Reserve Act of 1913 says it will back each Federal Reserve Note with gold.

They don't do this.[3]

  • The Federal Reserve Act of 1913 says that bankers are to be held personally responsible if they fail.

They are not.[4]

  • The Federal Reserve Act of 1913 says if a Fed bank is insolvent, it is to become the property of the US.

It doesn’t.[5]

  • The Federal Reserve Act of 1913 says that insolvent Fed banks shall forfeit their shares in their Regional Fed.

They don’t.[6]

  • The Federal Reserve has 3 mandates —people now only talk about the dual mandates, which are 2% inflation and low unemployment—the third mandate is to keep long term interest rates constant.

They don't do this either.

Looking Forward With Corrections

How it is:

  • US government needs currency
  • US treasury prints up some bonds
  • Federal Reserve creates money out of thin air and buys said bonds from US Government
  • US government now has new currency created out of thin air by Fed banks
  • Now, US taxpayers owe interest (and principal) on said US bonds, as well as paying a fee to the Fed’s shareholders which are called the primary dealers (the big banks), this is the US Public Debt.

How it should be:

  • Congress makes annual budget
  • Tax revenues are collected and any budget shortfall (deficit) is then new currency issued by the US Treasury itself, no bonds needed, no US Public Debt to issue our own currency.

Crypto

A strong currency has multiple forms (paper, digital, check, money order, metal). Anyone that suggests a wholly-digital currency is either an utter idiot or looking to have all power over all of commerce. No reasonable person would ever suggest it. The Federal Reserve no longer backs or pegs our currency to gold & now wants to eliminate cash (paper fiat currency) and replace cash with digital wallets filled with Fedcoin for every citizen. A wholly electronically-contingent currency may be the worst idea ever.

  • Central Banking is already debt-based and bankrupt as it is, a central banking digital currency only gives the usurious, obsolete Fed more power, not less.
  • Business comes to a standstill in power outages
  • Digital currency is even less valuable than fiat paper
  • A strong currency has many inter-convertible forms (paper, metal, digital, check, money order…)
  • Every transaction can be monitored and/or taxed
  • EMPs could wipe out entire servers and people’s life savings
  • The government will have absolute power over all commerce and persons.
  • Globalists will eventually try to create one global Central Bank Digital Currency (CBDC) under the Bank of International Settlements (BIS), essentially gaining power and surveillance over the entire planet through currency issuance and financial transactions.

When fiat paper looks good compared to a solely digital currency, you know things are bad, so we all need to be USING CASH MORE .

The Fed will achieve this goal by establishing digital wallets for each US citizen, persuading citizens to use the digital wallet by filling it with helicopter money. This will be done as a response to Covid-19, as the government continues to lock down communities and destroy small businesses under the guise of safety. The destitute masses will be forced (or happy) to use this new digital currency proposed by the Fed. The new Stimulus funds will now be reallocated, disbursed and presented to the feckless public as ‘Community QE.’ Once again, a great crisis is brought about and a ‘solution’ is presented by Big Government, further restricting personal freedoms and privacies by relinquishing ALL control of commerce to one nameless, faceless, digital authority.

Fear

Used to manipulate the general population...the perfect storm for the elitists:

  • An invisible, faceless enemy to sow fear, guilt and division
  • Isolate entire populations and stop commerce at will
  • Slow political networking and community activities
  • Regulate and diminish religious activities, sporting and entertainment events, public discourse, news of a "hidden enemy." Social distancing!
  • Endless money creation by the central bank masks yet another bailout of the insolvent financial sector and the failing companies it chooses to sustain
  • Kill any competition by small business [7]
  • Reconfigure market supply chains and contracts in their favor [8]
  • Trial run for future national lock downs and compliance [9]
  • Provides an opportunity to introduce a global digital currency, when everyone is desperate. [ Citation Needed ]
  • Buying asset after asset at rock bottom prices
  • Label non-compliant persons a hazard to others [10]
  • Coronaviruses have two infectious peaks each year (early summer and late fall), providing biannual opportunities for incremental increases to impose more restrictive lock downs. Gee!

Conclusion

Why do we have a Federal Reserve again?

All the elevated rhetoric from both sides is to make you feel as though your vote made a difference. This is to give you the illusion of choice. It doesn't matter who runs Congress or who is President, the Federal Reserve will still run the show, rigging markets and rewarding failure, all while still counterfeiting our currency and charging us interest to do so.

The Federal Reserve is buying anything not bolted to the floor with its Special Purpose Vehicles (SPVs), set up as private LLCs, which were authorized under Section 13.3 of the Federal Reserve Act (don’t ever let a good viral crisis go to waste). Additionally, these facilities do not include the Fed’s regular Quantitative Easing (QE) programs of buying US Treasuries and Mortgage-backed Securities (MBS) and Foreign Currency Swaps).

  • Municipal Liquidity Facility (MLF): Federal Reserve bought $16.3B worth of state and town bonds as of 12/9/20.
  • Main Street Facilities: Fed loaning to small businesses that were in good standing before the COVID-19 pandemic. Minimum of $250,000 loan just reduced to a minimum of $100,000 loan. The Fed has made $44B in loans as of 12/9/20. 3% interest rate and bank gets 1% fee of loan amount.
  • Commercial Paper Funding Facility (CPFF): Federal Reserve purchasing three-month unsecured and asset-backed commercial paper from eligible issuers (including municipalities). The Fed has purchased $8.5 B as of 12/9/20.
  • Primary Dealer Credit Facility (PDCF): The Federal Reserve provides loans to its primary dealers (big banks aka shareholders of the Fed). $250 M as of 12/9/20 They will not release ANY transaction level data on this SPV
  • Money Market Mutual Fund Liquidity Facility (MMLF): Federal Reserve Boston providing loans to insolvent Mutual Funds. $4.4B of loans have been made to these Money Market Funds holding worthless municipal bonds as of 12/9/20.
  • Primary Market Corporate Credit Facility (PMCCF): The Federal Reserve is loaning money to buy up worthless junk corporate bonds and so insolvent corporations may make new loan and bond issuances. They have loaned out $1.9 B in near zero interest loans as of 12/9/20.
  • Secondary Market Corporate Credit Facility (SMCCF): The Federal Reserve is using BlackRock to buy junk corporate bonds and entire ETFs that hold junk bonds. $12.8B worth of junk bonds and junk ETFs have been bought by the Federal Reserve as of 9/30/20
  • Term Asset-Backed Securities Loan Facility (TALF): The Federal Reserve is buying Collateralized Debt Obligations (CDOs) aka Asset-Backed securities (ABSs) such as Student Loan Asset-Backed Securities (SLABS), Auto Loan ABSs, Credit Card Loan ABSs and pooled Small Business Loans. $12.4B of junk CDOs have been used as collateral for $3.4B in cheap loans to worthless CDO holders so they may stay solvent.
  • Paycheck Protection Program Liquidity Facility (PPPLF): the Federal Reserve is making loans to businesses to ensure payroll during the crisis. $522 B in loans have been made to businesses deemed suitable to the the Fed’s primary dealers and the secondary banks they choose to fund as of 12/9/20
  • Central Bank Liquidity Swaps: The Federal Reserve provides US Currency in exchange for foreign currencies of countries that need US dollars. This is very similar to illegal check kiting, but between central banks under the Bank of International Settlements (BIS). This enables the global fractional-reserve Ponzi central banking scheme to continue and to rig global markets. Trillions upon trillions of $US have been ‘swapped’ by the Fed since March 2020.
  • Temporary Foreign and International Monetary Authorities (FIMA) Repo Facility: The Fed is making loans to foreign banks using treasuries from foreign central banks as collateral for said loans (aka Repos)

Further Study

References


Biden1.png
The Federal Reserve is going to kill you.