ThePythonicCow
24th March 2022, 17:14
Perhaps Powell is doing an Operation Warp Speed on the debt-money based currency that the Federal Reserve Act of 1913 applied to the U.S.
It was back then, in 1913, that the U.S. government established the Federal Reserve (the Fed), a consortium of private banks, and granted them the right to charge us interest for the being able to order our own US Treasury printing press to print money.
The 1913 Act, in plain terms:
Congress hereby decrees that there shall be a consortium of banks such that:
1) that consortium must remain anonymous (we cannot know who they are),
2) that consortium's accounting books must remain private (we can't audit),
3) that consortium can steal money from our nation's banks,
4) the more they have stolen so far, the more they can steal even more, and
5) they get to decide how much more.
Don't worry - what I just wrote doesn't quite make sense. It's been one of the most lucrative scams in human history. It has given the Banksters an exorbitant privilege, enabling them to become richer and richer, as we become poorer and poorer (compounding interest will do that to you.)
The plot thickens, however.
By the way the Fed's rules have been setup in my lifetime, they publicly let some bankers in the City of London determine a key factor in the "how much more" they can steal.
If I had taken out an adjustable rate mortgage (ARM) on my California house back when I lived there, it would have been explicitly written into the mortgage I signed that the interest rate I was to pay would depend on LIBOR, the London InterBank Offer Rate.
For example, I might agree to keep paying LIBOR plus 5% interest rate. If LIBOR went up, I paid higher interest. If LIBOR went down, I paid less, always 5% over LIBOR A few rich old men sitting around a table in a mahogany paneled room in The City decided what the LIBOR rate was each day.
Those rich old men with distinguished British accents are not the friend of the American people, any more than a cow is the friend of a stalk of timothy in a field of grass. Moreover, by the nature of compounding interest, the fatter the cow got, the more it ate.
The cow grazes in the field of our debt. The cow has grown so fat it is about to explode.
Let me switch metaphors. I find the thought of exploding cows abhorrent.
Fear not ... it seems that Fed Chairman Jerome Powell is the attending physician at the bedside of our dollar's assisted suicide.
The suicide concoction, just now injected into our dollar, contains two key ingredients:
1) rising interest rates, and
2) stealing depositors money.
Also, the Fed has taken a key control valve from the City's Banksters. The Fed has ordered American banks to replace, in their loan and mortgage contracts that they write) LIBOR with the Secured Overnight Financing Rate (SOFR), which is set by American Banksters, not British Banksters. Our American central bank now better controls the timing of its own inevitable suicide.
In the last few days, Powell has:
1) Started aggressively raising interest rates, and promised to continue raising them further over the rest of 2022.
2) Powell has been party to one of the most outrageous thefts in banking history, which has stolen hundreds of billions of US Dollars, owned by the Russians, that were in deposit in Western banks.
Historically, and no doubt again this time, a string of aggressive interest rate rises will bankrupt many individuals and institutions. This usually leads to economic depression, unemployment, homelessness and even starvation, sickness and death.
For example, when Federal Reserve Chairman Paul Volcker steadily raised the fed funds rate to 20% in 1981, this contractionary monetary policy triggered the worst recession since the Great Depression.
It will be no different in these times, when many individuals, corporations and state and local governments are already max'd out on their credit lines.
This will also, as usual, cause the political party in power, the Blue (D) team this time, to suffer great losses at the polls in the next election, as the people try to throw the bastards out and choose the other team. Unfortunately for Team Blue, they are already facing great difficulties in the Nov 2022 elections, as even their liberal backers admit in public.
It's worse.
As Powell knows and has clearly stated in the past, part of the reason that the American Dollar has continued to be honored as the "World's Reserve Currency", upon which most of the world's trade notes and debt contracts are written, is because America "play's fair". We have a well established Rule of Law here, in our banking and finance institutions (or so we'd like others to believe.)
Stealing some $300 Billion from Russia, for clearly political reasons, without notice, compensation or any chance to appeal, is not playing fair.
When people (or corporations or governments) see their bank steal their money this way, they get busy moving their money (whatever is left of it) out of that bank.
China, Russia, Brasil, India, Iran, the oil exporters in the Middle East, and doubtless other nations are busy getting out of the US Dollar World Reserve Currency system, if they are not already being kicked out by the US, such as for disagreeing on the events in the Ukraine.
This sets in motion the loss of the US Dollar's status as the World's Reserve Currency, which it has held since Bretton Woods at the end of the Second World War. This will drive up the cost to Americans of all imports, as US Dollars and Treasuries will no longer be in special demand.
Powell pulled the pin on both of these grenades, interest rates and deposit security, over the last week.
But ... there may be good news in all this history.
When Volcker caused a major recession in 1981 by raising interest rates sharply, it set in motion a fine economic boom through the rest of the decade, by means of which the West, under warrior, patriot and actor Ronald Reagan crushed the communist Soviet Union.
Now we seem to be setting in motion a return of the Red Team in our Nov 2022 elections, with strong loyalty to warrior, patriot and actor Donald Trump. I'm sure Trump will return to the White House sometime within the year as well. My current guess is that the Red Team will impeach the Biden/Harris administration in early 2023, and bring back Trump that way.
By the current rules of the game, the House could wait until the hour before the Senate convicts, replace Trump as their Speaker, and then Trump would ascend to the Office of the President, an hour later, when the Senate has removed Biden/Harris.
That would be my kind of "insurrection."
Then we could get on with rebuilding America, and crushing the Western half of the Satanic/Canaanite/Magog/Babylonian/Phoenician/Khazarian/Venetian/Vatican/Nazi/Soviet/Anglo-American/Zionist/Neocon/CCP/Name-Stealing evil bastards that have f**ked with humanity for Lord knows how many millennia.
It was back then, in 1913, that the U.S. government established the Federal Reserve (the Fed), a consortium of private banks, and granted them the right to charge us interest for the being able to order our own US Treasury printing press to print money.
The 1913 Act, in plain terms:
Congress hereby decrees that there shall be a consortium of banks such that:
1) that consortium must remain anonymous (we cannot know who they are),
2) that consortium's accounting books must remain private (we can't audit),
3) that consortium can steal money from our nation's banks,
4) the more they have stolen so far, the more they can steal even more, and
5) they get to decide how much more.
Don't worry - what I just wrote doesn't quite make sense. It's been one of the most lucrative scams in human history. It has given the Banksters an exorbitant privilege, enabling them to become richer and richer, as we become poorer and poorer (compounding interest will do that to you.)
The plot thickens, however.
By the way the Fed's rules have been setup in my lifetime, they publicly let some bankers in the City of London determine a key factor in the "how much more" they can steal.
If I had taken out an adjustable rate mortgage (ARM) on my California house back when I lived there, it would have been explicitly written into the mortgage I signed that the interest rate I was to pay would depend on LIBOR, the London InterBank Offer Rate.
For example, I might agree to keep paying LIBOR plus 5% interest rate. If LIBOR went up, I paid higher interest. If LIBOR went down, I paid less, always 5% over LIBOR A few rich old men sitting around a table in a mahogany paneled room in The City decided what the LIBOR rate was each day.
Those rich old men with distinguished British accents are not the friend of the American people, any more than a cow is the friend of a stalk of timothy in a field of grass. Moreover, by the nature of compounding interest, the fatter the cow got, the more it ate.
The cow grazes in the field of our debt. The cow has grown so fat it is about to explode.
Let me switch metaphors. I find the thought of exploding cows abhorrent.
Fear not ... it seems that Fed Chairman Jerome Powell is the attending physician at the bedside of our dollar's assisted suicide.
The suicide concoction, just now injected into our dollar, contains two key ingredients:
1) rising interest rates, and
2) stealing depositors money.
Also, the Fed has taken a key control valve from the City's Banksters. The Fed has ordered American banks to replace, in their loan and mortgage contracts that they write) LIBOR with the Secured Overnight Financing Rate (SOFR), which is set by American Banksters, not British Banksters. Our American central bank now better controls the timing of its own inevitable suicide.
In the last few days, Powell has:
1) Started aggressively raising interest rates, and promised to continue raising them further over the rest of 2022.
2) Powell has been party to one of the most outrageous thefts in banking history, which has stolen hundreds of billions of US Dollars, owned by the Russians, that were in deposit in Western banks.
Historically, and no doubt again this time, a string of aggressive interest rate rises will bankrupt many individuals and institutions. This usually leads to economic depression, unemployment, homelessness and even starvation, sickness and death.
For example, when Federal Reserve Chairman Paul Volcker steadily raised the fed funds rate to 20% in 1981, this contractionary monetary policy triggered the worst recession since the Great Depression.
It will be no different in these times, when many individuals, corporations and state and local governments are already max'd out on their credit lines.
This will also, as usual, cause the political party in power, the Blue (D) team this time, to suffer great losses at the polls in the next election, as the people try to throw the bastards out and choose the other team. Unfortunately for Team Blue, they are already facing great difficulties in the Nov 2022 elections, as even their liberal backers admit in public.
It's worse.
As Powell knows and has clearly stated in the past, part of the reason that the American Dollar has continued to be honored as the "World's Reserve Currency", upon which most of the world's trade notes and debt contracts are written, is because America "play's fair". We have a well established Rule of Law here, in our banking and finance institutions (or so we'd like others to believe.)
Stealing some $300 Billion from Russia, for clearly political reasons, without notice, compensation or any chance to appeal, is not playing fair.
When people (or corporations or governments) see their bank steal their money this way, they get busy moving their money (whatever is left of it) out of that bank.
China, Russia, Brasil, India, Iran, the oil exporters in the Middle East, and doubtless other nations are busy getting out of the US Dollar World Reserve Currency system, if they are not already being kicked out by the US, such as for disagreeing on the events in the Ukraine.
This sets in motion the loss of the US Dollar's status as the World's Reserve Currency, which it has held since Bretton Woods at the end of the Second World War. This will drive up the cost to Americans of all imports, as US Dollars and Treasuries will no longer be in special demand.
Powell pulled the pin on both of these grenades, interest rates and deposit security, over the last week.
But ... there may be good news in all this history.
When Volcker caused a major recession in 1981 by raising interest rates sharply, it set in motion a fine economic boom through the rest of the decade, by means of which the West, under warrior, patriot and actor Ronald Reagan crushed the communist Soviet Union.
Now we seem to be setting in motion a return of the Red Team in our Nov 2022 elections, with strong loyalty to warrior, patriot and actor Donald Trump. I'm sure Trump will return to the White House sometime within the year as well. My current guess is that the Red Team will impeach the Biden/Harris administration in early 2023, and bring back Trump that way.
By the current rules of the game, the House could wait until the hour before the Senate convicts, replace Trump as their Speaker, and then Trump would ascend to the Office of the President, an hour later, when the Senate has removed Biden/Harris.
That would be my kind of "insurrection."
Then we could get on with rebuilding America, and crushing the Western half of the Satanic/Canaanite/Magog/Babylonian/Phoenician/Khazarian/Venetian/Vatican/Nazi/Soviet/Anglo-American/Zionist/Neocon/CCP/Name-Stealing evil bastards that have f**ked with humanity for Lord knows how many millennia.