Do NOT Nationalize FED Debts!
Finally, after more than a century, Americans have installed a truly reform (some say revolutionary) administration in Washington to restore constitutional government. Urgently needed reforms include return to equal justice under law with full respect for the Bill of Rights, and return to sound money. Ending the Federal Reserve is essential, but “nationalization” would be a big mistake. The Fed is the world’s biggest debtor, and the federal government should not assume that debt.
As Robert Steele has been predicting.
- President Trump sharply criticized the Federal Reserve this week, saying interest rate increases are hurting the economy.
- Trump will have the opportunity to fashion the central bank in the image he would like as he has four vacancies to fill on the board of governors.
- The result could be a more politicized Fed.
It never occurred to me that accidentally becoming the top Amazon reviewer for non-fiction, partially associated with my being the lead for Open Source Intelligence (OSINT) for 25 years across 66+ countries, would be vastly more important than everything I ever learned across multiple graduate degrees, as a former spy, and as co-founder of the Marine Corps Intelligence Activity (MCIA).
As I encounter disbelief about Neil Keenan and his role as the main juncture between the Dragon Society and the West as we move toward a global economic re-set, I have to remind myself that 80% of the public still thinks JFK was assassinated by Lee Harvey Oswald; J. Edgar Hoover was a moral man; the Israelis attacked the USS Liberty by accident, and 9/11 was carried out by a bunch of “rag heads” armed with box cutters.
What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.
Financialization and the Neocolonial Model of credit-based exploitation leave immense human suffering in their wake when speculative credit bubbles inevitably implode.
Discussions of the global financial crisis tend to be bloodless accounts of policy and “growth.” This detachment masks the immense and totally needless human misery created by financial engineering. A correspondent with first-hand knowledge of the situation in Cyprus filed this account:
“RE: the Cyprus economic crisis, the politicians are unbowed by the chaos they caused, still behaving as they have always done, preaching populist platitudes, corrupt as ever, unapologetic. A poll showed that 99% of Cypriots believe their government is corrupt.Yesterday, the former president, Demetris Christofias, appeared before a tribunal investigating the causes of the economic collapse. He tried to force the tribunal to do what he told them, saying, “I am not just any witness, I was the President of the Republic for 5 years”. They told him where to get off and he stormed out.
Little hope for this country. Money leaving. Best talent leaving. Foreign investment in a planned energy hub has been hijacked by the politicians. Cyprus is returning back to what it always was: a tourist destination run by shopkeepers and farmers.Sad days. Most people feel betrayed by the politicians and big powers.”
This report highlights a key dynamic of speculative credit/banking bubbles: they require the complicity of central banks and the state. Speculative bubbles based solely on cash have very short lifespans, as the bubble bursts violently as soon as the gamblers' cash has been sucked into the vortex.