The Coming Battle Between Trump and the Federal Reserve

[ThePythonicCow]

The inestimable Brandon Smith of http://www.alt-market.com has another fine article out today. This time it's about the brewing battle between US President Trump and the Federal Reserve.

Brandon's closing remarks in this article pretty much sum up what's in store for the US in the next few years.

Putting it in my own words, the elite are now in the final stages of setting up a major demolition, of the US Dollar Reserve currency system, the US economy, and much else around the world. They must have, as always, a narrative (several competing narratives, actually) that explains events to the masses without giving away too much about what's really going on, "behind the curtain". A Battle of the Century between Trump and the Federal Reserve will provide one such narrative, that will engage many of us. With multiple, competing narratives, the elite can count on almost everyone getting lost in the battles of the conflicting narratives, choosing this or that one of them, rather than being able to see past the smoke and mirrors to the underlying, obfuscated and obscured, reality.

Brandon concludes his article:

==========

As I examined in detail with evidence in my article 'The Economic End Game Explained' (http://www.alt-market.com/articles/2403-the-economic-end-game-explained), the Federal Reserve has a shelf life. It has already served its purpose, which was to undermine the American economy and our currency system. The Fed will now begin deflating the bubbles it has engineered in stocks, Treasuries and the dollar through continued interest rate hikes and rolling out the over $4 trillion (official amount) on its balance sheet. The goal? Sinking America and reducing it to third world status over the course of the next several years to make way for total global centralization of economic administration, eventually leading to global fiscal management under the IMF and perhaps the BIS, and a global currency system; all while making conservative movements look like the monster behind the crisis.

To summarize, the U.S. economy and the dollar are slated for a controlled demolition. The Fed will do everything in its power to prod Trump and conservatives into war with the central bank, because the Fed is now ready to sacrifice itself and the dollar’s world reserve status in order to clear a path for a new global system and ideology. The Federal Reserve is a suicide bomber.

If this takes place as I predict then the international banks and the establishment elites will be able to lay the blame for the death of king dollar squarely at the feet of Trump and conservatives, and at least a third of the country (leftists) will buy into the narrative lock, stock and barrel because they desperately WANT to believe it. Remember, the tale being scripted here is that Trump is a rampaging maniac that does not know what he is doing.

To be clear, I am not supporting the continuing dominance of the Fed, or the existence of the fiat dollar. What I am saying is that conservatives may just get what we have been wishing for all these years but not in the manner we had hoped.

To counter this threat our list of targets must expand to meet reality. The delusion that the core problem is the Federal Reserve must stop. The Fed is a box store, a franchise in a chain of franchises, nothing more. If we do not also turn our scrutiny and aggression towards root globalist institutions like the IMF and the BIS as well as international banks, then our efforts will only serve to bolster the enemy we are trying to fight.

In a battle limited to Trump versus the Fed, only the bankers will win.==========

You can find the full article at In A Battle Between Trump And The Federal Reserve, Who Really Wins? (Alt-Market.com; 23 Feb 2017) (http://www.alt-market.com/articles/3134-in-a-battle-between-trump-and-the-federal-reserve-who-really-wins).

As usual for Brandon Smith, it's a good read.

[regnak]

Great post

World wide debt is like 200 trillion America public debt is only like 20 billion in public unfounded liabilities. The euro has cracks both within and without with Britain leaving the euro and France threating to elect someone who is saying let's leave the euro . Greece has come out saying let's leave the euro threating the euro just last week

In a world of negative interests rates where it costs you money to save money in a bank there is one place where interest rates are going up America. The dollar has never been cancelled not once in its history with the Indian money being cancelled last week with the cancelled money been redeemed at only a fraction of its value . Goverment do this when there broke as it works in there favour .

All the smart money is leaving the euro France and Italy are search train passengers going to Switzerland looking for money and with Switzerland giving up the customers to other countries a haven is being sought everywhere. In Norway property prices are going off the chart. China is simply not big enough at the moment to take billions dollars and with Japan in a very deep ecomonic slump going on 30 years and with nuclear disaster there .

Dollar will rise like a rocketship is under it and the volume of debt and huge interest rates increases will sink the dollar . It will fall but it will fall last after the euro and yen have fallen first.

[regnak]

Most huge to big to fail banks are like the walking dead the risk of these banks closing in the middle of the night is very high especially during a financial crisis government no longer have either the money or political will to bail then out again there are down to bail in where your deposit is used to bail out the bank which leads to revolution as you lose all your money and the bank survives.

The feberal reserve was created to bail out bank in trouble in a shortage of money crisis . In the 1930 so many banks closed simply because there was no money available they had regional banks and district office but so many calls for money were made to district office that the money was not available which closed hundreds of banks with people losing everything. The feberal reserve actually is supposed to have 6 different interest rates all across with each area having the power to up or lower interest rates by 2 percent depending on the economic conditions of there particular area. The feberal reserve is forbidden to buy goverment debt or paper only all owned to buy corporate debt only the highest quality debt the rules are strict profit of the feberal reserve is actually only around 600 million buy law every year with all excess going to treasury department.

World War Two happened and the feberal reserve was ordered to buy goverment bonds and to only have on interest rate for country it was never changed back to just supporting banks in trouble to supporting the government there is a difference . The feberal reserve budget every year is only peanuts to what congress spends ant versus elephant. Congress likes feberal reserve to take the blame if this go wrong but the current feberal reserve exceeds it's mandate by order of congress.

[regnak]

Congress or government is the problem because they spend to much money once they start to borrow the game is over because in the last three thousand years only one country has every payed there loans back Hungary in the 1980 . They borrow until they cannot then they come looking for your money last stage is forced loans where they take your money give you worthless shares and the bank closes same night so you cannot get your money out .

World trade is only part of it most of the big money of the world is in investment and when they get scared they look for safety even with huge interest rates to attract captical . The financial capital of the world is currently America but it moves china,India,Spain,England,America all have been there but when it moves the country can fall to third world country and is looted by its creditors. It is a huge advantage been world reserve currency when it is lost chicken come home to roost a default means war for creditors come looking for there money. There is 20 trillion currently in private pension funds and looks a tempting target for government to pay off there debts and the 50 trillion in unfunded liabilities simply will not be payed so revolutions our a couple of them . All goverment see trouble coming and like to blame someone a handy war or a person for you losing your pension it's there fault let's get them.

Goverment defaulted on there debts in 1932 but this fact was removed from history book why tell you the truth why is government debt aaa . Goverment are moveing to electronic money as fast as they can so they can collect every penny in tax and go stop bank runs as most banks are broke.

Looking for safety honestly not sure burying money does not work as they simply cancel it. Safety deposit boxes are being searched as it's illegal to store valuables there tax purposes they can seize it. Burying gold is not good as they track every ounce of it and will kick down doors if they need it. Property is a non-moveable item and is taxed which will rise as government get desperate for cash ......

[robinr1]

usa acknowledged debt is around 20 triilion, counting in unfunded programs such as social security and medicare it could be as high as 200 trillion.




Great post

World wide debt is like 200 trillion America public debt is only like 20 billion in public unfounded liabilities. The euro has cracks both within and without with Britain leaving the euro and France threating to elect someone who is saying let's leave the euro . Greece has come out saying let's leave the euro threating the euro just last week

In a world of negative interests rates where it costs you money to save money in a bank there is one place where interest rates are going up America. The dollar has never been cancelled not once in its history with the Indian money being cancelled last week with the cancelled money been redeemed at only a fraction of its value . Goverment do this when there broke as it works in there favour .

All the smart money is leaving the euro France and Italy are search train passengers going to Switzerland looking for money and with Switzerland giving up the customers to other countries a haven is being sought everywhere. In Norway property prices are going off the chart. China is simply not big enough at the moment to take billions dollars and with Japan in a very deep ecomonic slump going on 30 years and with nuclear disaster there .

Dollar will rise like a rocketship is under it and the volume of debt and huge interest rates increases will sink the dollar . It will fall but it will fall last after the euro and yen have fallen first.

[regnak]

Trump has kept his word and how many politicians can say that :)

[A Voice from the Mountains]

Putting it in my own words, the elite are now in the final stages of setting up a major demolition, of the US Dollar Reserve currency system, the US economy, and much else around the world. They must have, as always, a narrative (several competing narratives, actually) that explains events to the masses without giving away too much about what's really going on, "behind the curtain".

I believe that is exactly what is being alluded to very candidly here:


http://www.youtube.com/watch?v=9v7xN02whVY


Notice that she complains about Trump undermining the media in the context of what is going on in the economy.

So far Trump has largely avoided any major conspiracy theory bombshells (besides his take on Obama's birth certificate, which is now 100% confirmed by independent international forensics labs as reported by Sheriff Joe in his under-reported press conference), but he also tells it exactly like it is.

If there is a spat between him and the Fed, I'd bet that he will come out and say very bluntly that the Federal Reserve only serves corporate banks, and even foreign corporate banks, and that it needs to be dealt with.

This is the exact same argument that Thomas Jefferson, Andrew Jackson and others have made against incorporating a monopolistic official bank for the United States government, so it wouldn't be entirely unprecedented, but it would be for the modern era.

Trump has also already made many allusions back to Andrew Jackson and Thomas Jefferson, and other founders, so that's also an indication as to how he could easily go with this.


I think this has been one of the biggest concerns, if not the biggest concern on Trump's radar, considering that he's a businessman. This will be one of his strengths and one of the best reasons why he is definitely the man for the job if the international banking cartels try to pull this crap within the next few years.

I hope that Trump will be able to pull the carpet out from under them and reassume control of the US dollar before they are able to crash it, but we are sitting on such an unstable situation that it may be unavoidable anyway. And Trump has also said himself many times, that we are looking at a major crash, and he doesn't want to be blamed for it. He's been saying that for months. Of course the left will just accuse him of creating plausible deniability, but anybody who's followed people like Bill Still or anybody else covering the Fed will know what the situation is already.

[Fellow Aspirant]

Great post, Paul. And unfortunately, I fear it's a solid prediction: Trump has been set up to be the "fall guy".

Here's a link to a terrific explanation (in podcast format) of the coming crash, or "period of great uncertainty" (as the author puts it so delicately) that was recently aired on the CBC's "Ideas" program. The historical analysis serves to outline how we got to this state and where we're going. Your post about how it will be Trump who is instrumental in bringing about the end serves to identify the 'trigger'.

First, an overview of his book ...

After years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated.

In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of World War Two, is coming to an end. The regulatory institutions that once restrained the financial sector’s excesses have collapsed and, after the final victory of capitalism at the end of the Cold War, there is no political agency capable of rolling back the liberalization of the markets.

Ours has become a world defined by declining growth, oligarchic rule, a shrinking public sphere, institutional corruption and international anarchy, and no cure to these ills is at hand.



The Podcast of the interview is here ...

http://podcast.cbc.ca/mp3/podcasts/ideas_20170209_12536.mp3

One fascinating example of how precarious the money system has become, used in the interview:

"In 1990, 14% of the profits of the American economy were produced by the financial sector. In 2007, 40% of the profits of the American economy were from the financial sector."

In conversation with Paul Kennedy about his book How Will Capitalism End?, Wolfgang Streeck makes the unnerving case that capitalism is now at a point where it cannot survive itself.
The subtitle of his book is Surviving Post-Capitalism: Coping, hoping, doping & shopping

Streeck's thinking is very clear and very well explained.

Brian

[Fellow Aspirant]

I thought it would be useful to point out the book that Streeck says was the one that finally made him see that the end of capitalism was nigh. Written by a former governor of the Bank of England, it lays out in great detail how "banks are the Achilles heel of Capitalism". The title of his book is quite revealing on a couple of levels, i.e. "The End of Alchemy"

From a review of the book ...

Mervyn King, former Governor of the Bank of England, has written a fearless and important book about the causes of the financial crisis, and why nothing has really been learned

“For many centuries, money and banking were financial alchemy, seen as a source of strength, when in fact they were the weak link of a capitalist economy,” writes Mervyn King in his new book.

As Governor of the Bank of England for a decade from 2003, having previously been a leading academic economist, Baron King of Lothbury has long been at the heart of the British policy-making establishment.

Despite that, and belying his mild manners, The End of Alchemy is a fearlessly honest explanation of the 2007/08 financial collapse, providing disturbing insights into what sparked “the worst banking crisis the industrialised world has ever seen”.

Rather than finger-pointing, King focuses on “collective failure” before and after a banking collapse that caused “both Britain and the US to 'lose' around 15 per cent of national income relative to the pre-crisis growth path”.

Even though the “largest banks in the biggest financial centres in the advanced world failed, triggering a worldwide collapse of confidence and the deepest recession since the 1930s,” he insists that “nothing much has really changed in terms of the fundamental structure” of the Western banking industry.

“Without reform of the financial system, another crisis is certain… sooner rather than later,” King asserts. “It is the young of today who will suffer from the next crisis – and without reform the economic and human costs of that crisis will be bigger than last time”.

Part-memoir, part-policy missive, King’s chunky 430-page volume isn’t just an elegant guide to the history of economic ideas. It also gives a genuine insider’s account of how, following relative prosperity before Western banks began imploding in 2007, “within little more than a year, what had been viewed as the age of wisdom was seen as the age of foolishness”.

Uncertainty, indeed.

B.

[Helene West]

But AVFM, as you point out trump has alluded to the possibility of a collapse / crash but at the same time praises this stock market. Hearing him praise how high the stock market is a curve ball for me. Does he not see it as overvalued as so many finance people do?

[onawah]

Unfortunately, that all sounds about right. :facepalm::sad:
Let's just hope it's not completely unavoidable, or somehow won't all turn out they way they expect.

[A Voice from the Mountains]

But AVFM, as you point out trump has alluded to the possibility of a collapse / crash but at the same time praises this stock market. Hearing him praise how high the stock market is a curve ball for me. Does he not see it as overvalued as so many finance people do?

I'm sure he does, but he's a salesman. People don't give him credit when they say he's like a bad used car salesman, because the guy is actually very effective at marketing strategies. This is the guy who turned the "fake news" meme around on the MSM and is ruining them with it. I think there is an element of that in his bragging about the stock market.

I do absolutely believe that the stock market rally is because of Trump's win (promising lower taxes, deregulation and all that), but it's just a very misleading veneer over our whole economy and I'm sure he realizes that too. So it's not like all our problems are already solved. But he's definitely taking advantage of the fact that the market is up, to give himself credit and increase his brand, so to speak. That's just part of his character, for better or worse, and I know it really turns some people off.


The good news is that if the dollar totally crashes, jobs will explode here. This is why businesses move to China: their currency is weak and everything is cheap there. So if they bottom out the dollar, they are setting the stage for a massive industrial renaissance in this country and that's the main reason I don't believe they are going to be very quick to totally destroy the dollar. If they do, they're going to find a way to bring down all the other major world currencies at the same time. Making the dollar really cheap would actually be a competitive advantage for the US as far as manufacturing goes.

[Justplain]

The federal reserve is a private bank owned by foreigners who are not identified, they are not auditable, they issue american currency and can lend money to anyone they please. This organization is really unaccountable. Apparently they've unloaded all the gold in fort knox since the us government refuses to do an audit of the gold reserves cause there's nothing there to audit.

Milton Freedman, the nobel economist, was very critical of the fed system and recommended ways to get back to a system when the us treasury dept would issue the currency, eliminating the central bank.

An end to the fed would be welcomed. I'll believe it when it happens.

https://criminalbankingmonopoly.wordpress.com

[Rocky_Shorz]

Trump following in the footsteps of Nixon attacking California by making marijuana illegal...

Impeach the bastard

I don't even smoke the stuff, but I'm going to find Cheech and Chong and get a huge cigar of Labrador to smoke in the next anti Trump March.

[conk]

And do not forget, if you have money in the bank you are no longer a depositor. You are a stakeholder, a share holder of sorts. By law the failing bank can take your money in an effort to fix their problem. An egregious theft made possible by our loving Congress.

[Satori]

And do not forget, if you have money in the bank you are no longer a depositor. You are a stakeholder, a share holder of sorts. By law the failing bank can take your money in an effort to fix their problem. An egregious theft made possible by our loving Congress.

By dint of acts of Congress, in the USA when one deposits so called money into a federal reserve bank (which is most banks), title and ownership to that "money" passes to the bank and, more accurately, the banking system. Depositors do not have a right to the particular dollars, or money they deposit; which is usually done in the form of a deposit of "weightless photons in the electromagnetic ether", i. e, electronic transfers of "money." Rather, all depositors have is a claim to receive "money" from the banking system equal to the amount on deposit, plus any accrued interest (good luck there) at the time of the withdrawal from the bank. However, if the banking system does not have sufficient money on hand to return the deposit, depositors may get it at a later time, or they may be left holding the bag. An empty bag at that.

[A Voice from the Mountains]

Converting savings into physical gold and silver may prove to be the best return on investment, and safest way to keep your money.

Some estimates I've seen suggest that the price of gold is being artificially suppressed by 10 times and silver by about 16 times, by the indebted banking establishment.

[Fellow Aspirant]

Converting savings into physical gold and silver may prove to be the best return on investment, and safest way to keep your money.

Some estimates I've seen suggest that the price of gold is being artificially suppressed by 10 times and silver by about 16 times, by the indebted banking establishment.

Wolfgang Streeck (see "The End of Capitalism", above ) advises buying into gold, as well as organizing into self-help tribes to cope in a period of 'great uncertainty' when shrinking (and ultimately absent) institutions that we currently rely on for our survival break down.

With respect to the laying in of gold, I find it telling that Mervyn King's book carries the title "The End of Alchemy".

B.

[A Voice from the Mountains]

I don't really understand what the great intrinsic value of gold is, but silver is actually more scarce, currently has a lower price per ounce and is supposed to be about 50% more repressed in its price than gold. So going by the figure of 16x repressed from what it should be, if someone bought $100 worth of silver today, and the market was magically transformed to reflect actual market demand for physical silver (I know -- not going to happen outside of a major economic crisis) they should then have $1600 worth of silver rather than $100. Of course the value of the dollar could also change along with just about everything else.

A severe market problem would be a good opportunity for people to get to know their neighbors too, at least if they live in a rural area. I can understand people in cities having a slightly more complicated situation. It's one of the reasons I would not want to live in a city.

[ghostrider]

Money in the bank , a federal Reserve note, is debt not really money ... The ptb are crushing Greece right now, people are only allowed to take out 488 dollars per week -of their own money ... ridiculous ... I fear the same game will spread out to every single country...

[Johnny]

I thought it would be useful to point out the book that Streeck says was the one that finally made him see that the end of capitalism was nigh. Written by a former governor of the Bank of England, it lays out in great detail how "banks are the Achilles heel of Capitalism". The title of his book is quite revealing on a couple of levels, i.e. "The End of Alchemy"

From a review of the book ...

Mervyn King, former Governor of the Bank of England, has written a fearless and important book about the causes of the financial crisis, and why nothing has really been learned

“For many centuries, money and banking were financial alchemy, seen as a source of strength, when in fact they were the weak link of a capitalist economy,” writes Mervyn King in his new book.

As Governor of the Bank of England for a decade from 2003, having previously been a leading academic economist, Baron King of Lothbury has long been at the heart of the British policy-making establishment.

Despite that, and belying his mild manners, The End of Alchemy is a fearlessly honest explanation of the 2007/08 financial collapse, providing disturbing insights into what sparked “the worst banking crisis the industrialised world has ever seen”.

Rather than finger-pointing, King focuses on “collective failure” before and after a banking collapse that caused “both Britain and the US to 'lose' around 15 per cent of national income relative to the pre-crisis growth path”.

Even though the “largest banks in the biggest financial centres in the advanced world failed, triggering a worldwide collapse of confidence and the deepest recession since the 1930s,” he insists that “nothing much has really changed in terms of the fundamental structure” of the Western banking industry.

“Without reform of the financial system, another crisis is certain… sooner rather than later,” King asserts. “It is the young of today who will suffer from the next crisis – and without reform the economic and human costs of that crisis will be bigger than last time”.

Part-memoir, part-policy missive, King’s chunky 430-page volume isn’t just an elegant guide to the history of economic ideas. It also gives a genuine insider’s account of how, following relative prosperity before Western banks began imploding in 2007, “within little more than a year, what had been viewed as the age of wisdom was seen as the age of foolishness”.

Uncertainty, indeed.

B.

Free download: http://projectavalon.net/forum4/showthread.php?9462-Interesting-Free-Books-in-PDF&p=1137182&viewfull=1#post1137182

epub !!!

Johnny :)

[conk]

A friend at work has alerted me to a good investment, old watches. His collection is quite the sight. According to the info shared there are certain watches that will always maintain or rise in value. They're small and easily stored. Not yet sure about how easy it would be to sell one in a crisis. Then food, gold/silver, and land would rule.