Who is Blackstone and Why do they Want to Buy Your House

Like Blackrock, why do all these hostile WEF-linked companies all have “black” in their title, such as Blackstone, the investment firm that is buying up huge amounts of personal homes to make Americans from owners to renters, to fulfill the strategy of the World Economic Forum, “you will own nothing by 2030 and be happy?”  But many people don’t have time to know who these companies are or how they are attacking their way of life.  So here is a bit of history about Blackstone so that everyone can have some basic foundation as to who they are and what role they play in trying to take over the world for the World Economic Forum through a strategy by the Federal Reserve to print fake money and flow it into Wall Street to essentially give artificial buying power to all the WEF linked investment companies that are involved in the Great Reset, with the help of their representative, the Biden administration.

Blackstone is one of the most influential investment firms in the world today. With a long and storied history that dates back to the mid-1980s, this company has become a household name in finance and investing circles. But what exactly is Blackstone, and what makes it so special?

At its core, Blackstone is a private equity firm that specializes in alternative investments. This means that the company invests in assets that are not typically available to the general public, such as real estate, private equity, and credit. By doing so, Blackstone is able to generate significant returns for its investors, often outpacing more traditional investment strategies.

But what sets Blackstone apart from other private equity firms is its size and scope. With over $500 billion in assets under management, Blackstone is one of the largest investment firms in the world. And with offices in over 30 countries, the company has a truly global reach.

One of the keys to Blackstone’s success is its focus on long-term investments. Unlike many other investment firms that are focused on short-term gains, Blackstone takes a more patient approach to investing. This allows the company to identify opportunities that others may overlook, and to build long-term value in the assets it invests in.

Another important factor in Blackstone’s success is its team of experienced professionals. Led by CEO Stephen Schwarzman, Blackstone’s team includes some of the most talented and respected individuals in the finance industry. With decades of experience and a deep understanding of the markets, these professionals are able to identify opportunities and manage risks in a way that few others can.

But while Blackstone has achieved great success over the years, it has not been without its challenges. The company has faced criticism from some quarters for its role in the 2008 financial crisis, and has also been accused of profiting from the misery of others through its investments in distressed debt.

Despite these challenges, Blackstone remains one of the most important and influential investment firms in the world today. With its focus on long-term investments, its team of talented professionals, and its global reach, Blackstone is well-positioned to continue generating significant returns for its investors for many years to come.

In conclusion, Blackstone is a unique and powerful investment firm that has achieved great success over the years. With its focus on long-term investments, its team of experienced professionals, and its global reach, Blackstone is a force to be reckoned with in the finance industry. While it may face challenges in the years ahead, there is no doubt that Blackstone will continue to be a leading player in the world of investing for many years to come.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Should We Worry About the Rothchilds: International finance has declared war on the United States

I’m not the kind of person who chants outside the Bilderberg meetings and screams at the sky, like Alex Jones and his supporters might. I have no tolerance for the Rothchild family’s influence over finance. As far as I’m concerned, anybody who messes with American money and value should have the wrath of the American people brought down on it. If they aren’t going to follow our laws, then they aren’t protected by them either. It’s pretty much as simple as that. I do not see any of these wealthy oligarchs as superior, as a ruling elite, even if they do have the blood of aliens in them, which they seek to preserve to rule over the entire earth. Their view of themselves I see as insanity, and once they step into trying to influence our lives and liberty with mass media manipulations through the backdoor of finance, they have attempted war and must be punished accordingly. So, when I hear the name Rothchild, which is coming up more and more these days as all those old conspiracy theories are coming true right in front of our faces, the trend is to view them as a menace, but to me, they are just criminal scumbags who deserve punishment. They do not have a right to rule over anybody. They are not smarter than we are, and they are not going to be able to rule the world with centralized communist authority. People falsely assume that our Constitution is meant for nations, our own and other countries, as a base for law and order. But no, it also holds true for individuals, such as the Rothchild family. They don’t get to attack America through finance, without a country, and escape the act of war for which it is. It just surprises people, and they have been slow to react to such an audacious assumption.

It’s the same attack patterns we have seen throughout history; it’s just coming from a direction most people don’t associate as a threat. But the people who make up the World Economic Forum and own the assets that make up the world’s most powerful banks have openly expressed their intentions to make war on the United States. And until recently, nobody took it all that seriously. But after Covid and as we witnessed how so many politicians have already been bought off to global communism, after the China model, and the globalism in general of the World Economic Forum losers like Klaus Schwab, open warfare against America is clearly the objective. So we must treat them appropriately, as hostile agents toward our way of life and our country. There is no fight for freedom anywhere in the world against any other nation that is more important than standing up to the World Economic Forum and the world’s central bankers, who are every bit as hungry to take over the world as a historical figure like Napoleon was, or Alexander the Great. What the bankers are doing now is just as menacing, and the Rothchild name, along with the Rockefellers and many others, are naturally associated. It’s not a conspiracy theory to say such a thing; it’s a fact in raw form in front of us. These globalist attackers are just the latest of a long line of tyrants who bring their own version of insanity to the world governments; if only we’d listen to them, everything would be great from their perspective. When we talk about the values of freedom, we are talking about being free of these kinds of influences, and we have been willing to look the other way so long as we have assumptions of freedom. But more and more, people are seeing that those freedoms are considered an illusion by these menacing globalist characters, and they are making their move which has scared people.

I would say do not be afraid of the Rothchild family. There are many ways to destroy people who seek to impose themselves the way we see the World Economic Forum people attempting to do to bring about global communism, run by them, of course. The purpose of our Constitution is to prevent these very kinds of actions, so use it to fight back against this international tyranny. Most of us have been untested in our lifetimes, so we weren’t ready for a fight like this. We were locked and loaded when it came to an armed assault. But in our credit culture, where everyone, for the most part, is in debt to these centralized bankers, we did not think about a war happening regarding finance. I’ve talked about it a lot before, first with Thomas Jefferson, then with Andrew Jackson, the fight against central banking has always been a challenge since the start of the country. Not many people know that the Rothchild family primarily funded the South during the Civil War. They were trying to split up the new nation with an internalized conflict to stop the Republicans under Lincoln from gaining political power. Lincoln’s assassin, Booth, didn’t just climb out of bed one day and kill the president. There were lots of people involved, including the Order of the Jesuits, ultimately funded by the Rothchild family and others. That same kind of backdoor manipulation can be seen today with Black Lives Matter protests. Antifa terrorism. The news stories that fail to report the cocaine in the White House properly or suppress the Hunter Biden laptop. If money influences why people do things, and you are wondering why people do things they likely wouldn’t otherwise do, then tracing the money to who is giving it usually tells you who your villains are. And with all the trouble in the world today, George Soros and his kid Alex are coming up more and more. Alex Soros has been to the White House having personal meetings with Biden to use their money for domestic terrorism because they don’t think anybody will catch them on it. And, of course, this is why the Rothchild name is being tossed around so much; people are learning.

Yet, in truth, these are not powerful people. Money is only a weapon in that it can unlock the greed of lazy people who desire easy money, so evil comes with the package, and to good people, these actions can be terrifying. However, our American Constitution was written to protect us legally from these very kinds of attacks. And that’s how we need to view all these groups who want to end America and have used our monetary system as their means of attack. But always remember that they do not have a right to attack us. They think they are pulling over a fast one and that we are too slow and stupid to figure out what they are up to. They are conducting war to destroy our nation and replace it with the United Nations they rule over. And their weapons of mass destruction is finance. This attempt to use finance as a weapon goes back to the start of America, which was why the Federal Reserve was created in 1913. The wealthy families never wanted to do what was right for America. They wanted to eliminate competition to their family lines, just like all the rulers of Europe had done for thousands of years. But in America, we outgrew that immature notion. It has just taken us a while to act on that knowledge. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

If Trump Were President, Banks Would Not Be Failing: The purposeful attack on America’s dollar and independent finance system

We’ve talked about it for months, this indictment of Trump, the possibility of it, the desire for it, and the only strategy Democrats have going into 2024. We’re not even looking at this being a political situation. The opposition party, which is global in nature, started way back, leading up to the Jekyll Island meetings, which created a progressive tax system and the Federal Reserve, will literally do anything to destroy any threat to their long-term plans. As I explained to some people yesterday regarding Ron DeSantis and his offering himself, along with Fox News, the Never Trumpers, and the Paul Ryan losers of the world as MAGA without the drama, you have to understand, there would be no DeSantis, without Trump to clear the field and draw fire from all these hidden antagonizers. This indictment aims to get Trump out of the presidential race by the people who think they run our government. These globalists from the Tragedy and Hope book have always been the threat in the background, who have purposely planned the demise of America through the attack vector of finance. And when people voted for Trump in 2016, despite the election fraud that tried to prevent it, all the maniacal characters hiding in the background were exposed, leading to an acceleration of their century-long plans for globalism at the expense of American sovereignty. And here we are. The talk of arresting Trump by a George Soros-backed DA from Manhattan is enough to launch a Civil War. I would recommend that everyone take it to the ballot box, prevent the bad guys from cheating, and stick it to them in devastating ways within the Constitutional parameters. If they weren’t so afraid of the Constitution, they wouldn’t try to subvert it at every opportunity. It truly is the Holy Water that will push out the demons of our country; just use it.

And the timing of all this aggression is obviously to protect that long-planned plot, the financial destruction of America that the Fed has purposely advanced through reckless spending. Suppose Trump was still in office, which is precisely why there was election fraud to remove him. This is why Covid was created and dispatched worldwide to get Trump out of the White House and destroy his red-hot economy. The attack against America was always to destroy the dollar as the standard of use around the world, and once that happened, American wealth would be destroyed, and we honestly would become the next backwater country with our currency eliminated and our buying power lost. Of course, they want to arrest Trump and keep him from running for President. Of course, they want to single out Ron DeSantis, the choice of the Deep State, because it splits MAGA and makes them easier to destroy. MAGA is literally all that stands in the way of the complete destruction of America. It is the militia that was talked about in the Bill of Rights. Only the weapons of war are not guns but money. With all the confusing messages that there are out there, one that is clear is that we would not have all these bank failures if Trump were still in office. Biden was put in place to make them happen. To crush the over-leveraged banks and their ESG score management system, to force Fed bailouts, and open the door for the nationalization of the banks by a government that is just printing valueless money so that they can acquire all the assets, just as BlackRock has been doing since the last planned failure, the housing crash of 2008.

What we are dealing with here is much worse than in 2008. Everyone knew the ESG scam was a valueless endeavor that had no monetary horsepower. It was a tactical diversion as the thieves of the world robbed the train. These global scumbags are just thieves robbing our banks, our trains, and our assets under the mask of goodness, ESG policies, encouraging risky loans because the ultimate goal was to collapse and rescue by a Federal Reserve applying quantitative easing at a maddening pace. I’ve been pointing this out for several decades now, the danger of this fiscal policy in America and the blind trust that most people have had in the Fed. I was never an anti-Fed buy, as Ron Paul used to suggest auditing the Fed. The Fed has been the greatest threat to the world since it started, but I always felt that there needs to be proper management of the dollar by the government somehow. We had never worked out that policy in America since the creation of the country, and when a bunch of private banks created the Fed, we wanted to believe we could trust them. But what happened was it was just a backdoor for globalism. We allowed foreign interest to manage our country through the policies of the Fed, which are fully committed to the objectives of the World Economic Forum, the Desecrators of Davos. And they are confident that they are going to win the fight against America because they control the money we all use to function. To them, they have already won, and there is nothing we can do about it. 

If Trump were still in office, there would be no bank failures like we are seeing now. We saw that America could quickly turn around an economy with capitalist endeavors that were classically defined. If you manage the Fed and let loose the potential of the American workforce instead of the deliberate sabotage of it that politicians and their financiers have been working to achieve, then America could prosper intensely. We saw it during Reagan’s presidency and again in just the four years that Trump was in the White House. But the United Nations and its alliances with all the socialist and communist countries of the world are wrapped up in this international banking, and the antics of the Fed have been to collapse the American system while distributing our sovereignty to build up the wealth of other nations. People keep saying that these are the objectives of Barack Obama working through the Biden administration. Obama isn’t that smart. This is why Obama’s political career started in the living room of a known domestic terrorist. Obama was put in place to make these fiscal acts of terrorism possible. Biden was established to facilitate the globalist plans for the end of America. And the plan to arrest Trump over some stupid Stormy Daniels nonsense is an attempt to use the law as a weapon against the righteous. But just remember, the Constitution is your best friend. It is the greatest weapon against the Fed, against the globalists, and against the attackers from every direction who are currently in our government. It was designed to limit their power, and by using it and forcing the political class to live up to it, much of their power will be destroyed, including their ability to destroy our independent banking system, which was always the primary goal. And to destroy the American dollar with it. It’s not an accident. It’s a military act, and their plans are now on full display, much more than they would like. And they think they’ll get away with it if they just get rid of Trump. For which I would say they have another thing coming. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Why I Still Fly My “Trump Won” Flag: The Dow Jones is headed for 25,000 and below, thanks to a stolen presidency

Just as a reminder, I still fly in front of my house a flag that says, “Trump Won” for everyone who needs to know. 2020 was only one of the biggest crimes in history. We allowed an intelligence agency using America as a front for their organization, but connected to globalists everywhere, to steal our vote and give us this piece of garbage Joe Biden as a puppet president. The Dow had just broken 30,000 during Trump’s term. After he was removed from office not by a vote, but by a tampered election, with evidence coming from every direction, the economy started heading in the wrong direction. There is plenty of evidence of election fraud in 2020, but nobody wants to look at it. Nobody wants to admit to it. So I have flown that flag every day for over two years to remind everyone how complicit they are in destroying the world. And that I was not a part of it. I voted for Trump again, and when the current U.S. government made its move to get rid of him, which we can still see the evidence of that with the hostile FBI that has been revealed in its wake, I worked to defend our vote by acknowledging what happened, while everyone else followed their leaders like sheep to their own destruction. After Trump left office, the Dow, through its own momentum, went up a few more thousand points, but the socialist policies of the globalists and the destructive behavior of the American Fed destroyed our thriving economy, and the momentum stopped about a year into the Biden presidency. And now, after a clear recession, which nobody wants to admit to, the Dow is under 30,000 and is headed much lower. And everyone can watch as their 401K plans lose all their value because they did not defend their vote when they needed to, and they allowed this mess to happen by not standing up for what was right when it mattered most. 

Looking at our public education system for its terrible mess, one of the clear takeaways that people seem to have learned was to put up with bad behavior, turn away from the bullies, and if someone steals something from you, to let them have it. I have never accepted that concept when I was in school, and I certainly don’t accept it now. But most people have no backbone. They have no personal courage. And when they get pushed around, they take it. That’s why election fraud on a massive scale occurred in 2020 and cost us President Trump, who was doing a very good job. People who thought Biden could be inserted and everything would just continue as usual were smoking crack. It only took a few months for the inserted Biden administration to start implementing the United Nations goals for destroying America, the stolen wealth, and redistribution they had always planned to implement. Now we are seeing the results. And they try to lie about what those results are. A recession is two consecutive quarters of negative GDP growth. We are going on a year of it now. We are in a depression that has been propped up by ignorance and happy talk. The true condition of our economy is as phony as the Biden presidency itself. It wasn’t elected by popular vote; it was taken by force and given its own reality by bad people who were doing the deed. And they thought people were so stupid that they would just take it and shut up, even as they still lie about whether or not we are in a recession. They don’t tell the truth about anything, and the ship is sinking fast. 

I was having dinner with some people along the river in Cincinnati, where the bike path that crosses through the city runs, and they felt right at home because they were from New England. I always remind people, especially regarding zoning laws, that they were created by people trained to think like Europeans. So that is why we have all the roundabouts that are going in everywhere because people studied in college all the European jealousies from what they call the “motherland” and want to implement them all over the United States. I hate slowing down for a ridiculous roundabout. In intersections where you could just fly through at 50 to 60 miles an hour, now you have to slow down to 30 to drive around a stupid circle. They say that studies indicate that traffic flows better with roundabouts, but I hate them. And how did they get into our zoning, the same way that election fraud occurred, through laws and legislation made on the back of a napkin where a bunch of mindless fools just blindly followed the person in front of them? That’s how many of these things happen, and I found it embarrassing to see people from New England talking about how happy they were to see that Cincinnati was such a “progressive” city. They had a silly little bike path that let people ride their bikes without those mean gas-powered cars making so much noise. They liked that it was so quiet on that bike path, so they could listen to mother nature complain about her latest menstrual cycle from planetary bombardment with life-killing space junk that comes our way every 20,000 years. The same forces that gave us roundabouts in America and bike paths are who stole our election in 2020 so that they could make us even more into that garbage pit of Europe.

By flying my flag, I make sure that everyone knows that I’m not one of the dumb people who allowed it to happen, like fools who just believe what someone tells them. People who learned in their public education to follow orders but not to think allowed themselves to be suckered, and you can now see the danger of that behavior. The market economy in America is crashing, and it was done on purpose. And the same fools who played along with the Biden presidency now realize just how stupid that was. These aggressive, jealous European forces who have always wanted to destroy America have been doing it for years by corrupting our rules and regulations behind the scenes. And they lie to our faces when caught, just as they did over the definition of recession. And just as they did over election fraud. You can trace that election fraud to the American intelligence agencies and their desire to preserve the Washington D.C. Swamp for their own reasons. But the Swamp is a creation of Europe, just like roundabouts and the culture of the aristocracy they have always been so in love with. And those who let it happen can watch their 401K plans evaporate before their eyes. The Dow Jones is headed for 25,000 soon. Remember, when Trump took office in 2017, the Dow was at 18,000.   All those trillions of dollars of value may be completely wiped away during the Biden presidency. And who will there be to blame? Well, the idiots who allowed election fraud to happen and did not say anything as Covid was used to destroy American life from the minds of the mindless bureaucrats. The losers who brought us roundabouts have also created a terrible economy because of a stolen election. And the people who just put up and shut up about it are those most guilty. And it’s important to remember who those people were as we continue to watch the economy tank because it was a decision, not a natural occurrence. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Why I Am Proud of Vivek Ramaswamy: The New Declaration of Independence

When I saw Vivek Ramaswamy at the Lincoln Day Dinner 2022 in Butler County, Ohio, I brought my copy of his book Woke, Inc for him to sign. I had a VIP pass, so I figured at some point I’d get a chance to see him behind the scenes, and I had to take that opportunity to get him to sign what I think will be a book that will define our age, this weird kind of financial war America is in with the rest of the world. Getting books signed isn’t a usual thing for me; I have to be very impressed with the author even to seek a signature, and my reason for doing this one with Vivek was I knew my great-grandchildren would be going through my books a century or two from now wanting to understand me and all the things I was involved in during my life. I wanted them to see Vivek’s signature to understand the magnitude of what was coming next. These many steps would occur over the next decade to save America for the world to enjoy, and knowing that the book Woke, Inc played a significant part in that effort, I put more emphasis on it than I otherwise would. I’ve read Woke, Inc at least nine times that I can remember, and many more times I’ve read sections of it because it has turned out to be a skeleton key to hundreds of other books that I have read, which sort of circled the drain, but never quite got to where they needed to go, including Klaus Schwab’s The Great Reset, and most recently, The Great Narrative. I would also put The Lords of Easy Money into that book category brought together by Vivek’s masterpiece, Woke, Inc. It had been a journey since I last spoke to Vivek Ramaswamy at the Middletown Republican Headquarters for a special event where he talked about his upcoming book, and during that, he gave me a little promo card that I had kept on my desk since then. At the time, our meeting was unremarkable, but I felt that he was performing a kind of Paul Revere task in a new type of revolution, so I made a point to read his book the day it came out. I was very glad I did.

Since August of 2021, Vivek has been talking about his new book all over the media, and I was proud of him. He came from my area; he actually went to Lakota schools for a short time in his youth before moving to Evendale, where his father worked at GE. Vivek grew up and made well for himself, working on Wall Street and becoming a CEO of a few companies in biotech. We ran into each other a few times before the Covid pandemic, and during that time, he came up with this idea to tackle woke culture in our corporations just as the world was going into lockdowns over the pandemic. When I ran into Vivek again at the Middletown event, he was on to something that was just then becoming a recognizable problem, the takeover of American corporations by liberal politics that were backdooring our Constitution and imposing themselves beyond our politics for the destruction of our society. I thought his speech was compelling, so when he did his book tour on Fox News and many other places, I tried to catch every interview with him that I could, and I continued to be increasingly impressed, especially as we saw what The Great Reset by Klaus Schwab had been building up to in a post-Covid economy. Vivek had been more correct about things than anybody could have imagined. He took his insider knowledge of how Wall Street worked, and with Woke, Inc, he got in front of a significant attack on our way of life in America, and he really earned my respect. This respect culminated after rereading Woke, Inc after watching Vivek at the 2022 CPAC in Florida. That’s when it was clear that America was under attack not with tanks and troops but through finance and international progressivism. Before anybody knew what was coming, Vivek had his finger on it. 

But what made me want to get his signature wasn’t any of those things. By all measures of success, Vivek had hit the jackpot with Woke, Inc. But so do many other writers. It was a successful book that had been on the bestseller’s list for many months.   But that wasn’t why Vivek was doing what he was doing. The book was just the first step in the ultimate solution. When I found out about that, I grew very excited and determined that I would get him to sign my book the next time I saw him. Many people don’t understand the world of money management, which most of us have to interact with, and unfortunately, they have all turned radically to the political left. While we are arguing about politics and election results, these radical left-wingers have taken over all of finance. It doesn’t matter if its Larry Fink’s BlackRock, but State Street, Vanguard, and dozens of others at the top which all our 401K plans flow through are forcing us to hold our nose and put up with it because literally all our life’s work is often entangled in these liberal companies. They have shown that they are attacking our culture where it hurts most, through our economy. That is why Disney is bent over backward presently because their executives have all been put in place to satisfy ESG scores. Power plants are closing in Ohio because BlackRock owns a majority share of stock and can now command how the company has been run. In Larry Fink’s case, he has had a very incestuous relationship with the Federal Reserve, with Ben Bernake, Janet Yellon, and now Jerome Powell. They have printed money for Wall Street to build up a massive artificial asset bubble that has allowed these money management firms to buy up all these key stocks to liberalize the companies. So this isn’t small stuff, it’s all big, and there hasn’t been a solution until Vivek Ramaswamy brought his tireless energy and talent to the problem and is essentially changing the world for the better.

At this point, I’m not going to get into the details until Vivek is ready. But what makes me so proud of him is that he is working very hard to give people a choice, which is the key to American society. When it comes to money managers, they are all currently liberalized. To deal with them, we are forced to deal with progressive politics, ESG scores, and the nightmare of international controls that even makes Klaus Schwab blush. The point of Woke, Inc for Vivek Ramaswamy has been to create an option to that problem, to give people an off-ramp for their investments that do not involve woke politics, and to allow investments to flourish in measures of actual value instead of climate change initiatives and global power politics set by radicals like Al Gore. And that option is being created as we speak, and I think it will save our country from the financial side of things. That is why I couldn’t wait to have Vivek sign my book, why I am proud to have it, and why I think my great-grandchildren will find that information valuable. They’ll understand how things occurred when they want to know why I spent the kind of time I do on these things as history reflects on it and see Vivek’s signature in that book on my vast bookshelf. We can win elections. We can fight for liberty around the world. But if we let the monsters of finance run our lives through our money, we will be held hostage to value for which the bad guys determine it. And that isn’t freedom; it’s slavery.   If we want to remain free, we must defend our financial system, our corporations, and our national economy, where we control the standard. Not Klaus Schwab, not Larry Fink, and certainly not the maniacal lunatics from Chatham House in London, where they plot to rule the world through interconnected banking and ESG manipulations. Vivek Ramaswamy is working to give us a choice, and for that, the key to saving America resides. And I am very proud of him for what he has done.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

The Four Enemies of America: Happiness is always the key to destroying “elite capture”

Even with all the scary stuff going on in the world, I see it mainly as a good thing. It’s good to see where all the bad guys are and understand their motivations. One thing that can be said about modern society as opposed to previous cultures is that this is the first time in all of human history where we can get around the world in under a day and speak to each other in real-time. So naturally, with that comes significant problems since most of the world does not have a lifestyle like Americans do, which has the goal of the day to pursue happiness. For instance, there is no word in the Russian language for “fun.” While Americans wake up and work hard every day to pursue fun, most of the rest of the world, from London to Singapore, are worried about just getting food. Happiness is not the daily goal of most of the world, and that becomes obvious as you travel to even the most far-flung reaches airplanes can reach. And that world now suddenly thrown together through technology to deal with each other every day, without oceans to separate them are looking jealously at America and either wanting to be more like it, or for those who crave power, to destroy it so to preserve their ability to stay in power and to play the chess game by the rules of yesterday. In the past, military strength defined this ability; today, it’s the administrative state, the Dr. Fauci types who want to rule the world not with tanks and weapons, but rules and regulations.

There are essentially four primary factions worldwide targeting America for demise to protect their aims for power traditionally defined. The concept of self-rule by a happy society that ignores the world’s rules does not make the administrative state types happy. They continue to believe, and we are seeing it presently, that elite capture will destroy America because they don’t understand Americans. To the world, they learned these games through activities like chess, where specific rules defined military warfare. Once you captured the king in the game, it was a checkmate, game over. Whoever does so wins the game. They don’t understand about this game with America because they have no reverence for a king, that the pawns, the knights, and bishops run around independently and keep playing long after the king has been captured. Americans don’t have any genuine regard for authority, so society will move on as a culture if the king is captured. We’ll find someone else to deal with the administrative state so we can continue to enjoy March Madness, Super Bowls, Baseball, and apple pie. So the strategy of capturing through bribes, extortion, or philosophic motivation senators like Mitch McConnell or presidents like Joe Biden has no impact on everyday Americans. They are not looking for leadership. They just expect politicians to keep unhappiness out of their daily lives. And when happiness is disrupted, that’s when Americans get mad and start grabbing for guns or talking about it anyway. 

Those four factions in the world presently who are attempting this elite capture strategy are, of course, the Chinese who think about destroying America every hour of every day of the week. They plan to restore the power and respect of the past to Chinese society, and they can’t do that until America is gone. So they will never amicably work with America unless the aims of the interaction serve their purposes for war. Russia is much in the same mind as China. Vladimir Putin thinks every day and every hour of those days of ways to destroy America. In Russia, they have no other hobbies. They assert national respect as their highest aim, and they are happy to be miserable to do it. Privation to them is an honor. They are not looking for a happy life as we define it in America. They just want to win at all costs.

Then there are the Desecrators of Davos people from the World Economic Forum. They are the old Socialist International people. They plan to rule the world without a country using the United Nations as their bureaucratic arm. They aim to make America, Saudi Arabia, Russia, Europe, China, everyone dance to their tune through finance. Then, of course, the fourth group, the Aristocracy of Money, the monied class funded with an unholy government relationship directly with Wall Street. This was the very danger that Thomas Jefferson warned Alexander Hamilton about, and for which President Jackson had to fight off the federal central bank run by Nicholas Biddle. It’s far worse now than it was in Jackson’s day, and they very much think they run everything in the world through manipulative finance printed with quantitative easing. 

All those factions think they are playing chess against each other with the fate of America as the prize at the end of the game. They all believe they will beat each other to that treasure. But what they don’t understand is that Americans will never go along with it. Sure, some like the mask-wearing liberals out there who were so easily suckered by Dr. Doom’s Covid nonsense from the perspective of a global administrative state will do whatever the winners of the game want. But there are way too many people who just will never follow the rules of any of those global powers. Mankind spent thousands of years getting away from those chess-playing fanatics. Technology doesn’t take away the original intent of escape from oppression. People aren’t suddenly going to fall under the direction of whatever culture of those four wins the game for dominion of the world.

Rather, even thinking in such ways is very infantile and lacks the perspective of what human beings really think. America is an evolution of the human state of consciousness, not a conquerable option. And that’s what all the bad guys in the world are missing. America is great despite its “elite” representatives. If the bad guys happen to capture our administrative officials like in chess, there isn’t a checkmate; game over. The game continues because the pawns aren’t playing by those rules. There is no defined victory for the players because the people affected aren’t thinking along those lines. They don’t do what a leader tells them to. In America, we put leaders in place to pursue other happy thoughts. And if that life is taken from us, well, then that’s where things get bad. That’s when Americans start storming capitols and driving trucks around Washington D.C., making things uncomfortable for corrupt politicians who have sold them out. So long as there are happy things in the world, the administrative state can exist so long as ordinary people don’t waste their time on those activities. But in America, the goal is happiness, and that expectation evolved over thousands of years. And there is no putting it back in the bottle now. Just as Russians have no word for “fun,” Americans can’t understand the purpose of life without the pursuit of happiness being at the center of everything. They don’t live to serve a master. They live to pursue happiness. And there is no force in the world anywhere that will change that, much to the frustration of the enemies of America.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Why Gas Prices Are So High: It has nothing to do with Putin

I will explain it in great detail in the days to come, the whole situation with Ukraine and Russia. But it remains the Desecrators of Davos who are the real villains in the world, and they use these color revolutions around the world to inspire chaos while hiding in the shadows. But they are responsible for the high gas prices in the United States. Not Putin. The Desecrators of Davos are attacking Putin in the same way they have been attacking traditional America. The attack vector is the same. Oh, sure, Wall Street has been defensive this past week, especially in the wake of the attacks on Ukraine, which I have said from the beginning and continue to say, is just a WWE event. It’s just the latest scam to replace Covid on the world stage and hide the bad intent that global attackers intend for us all. Larry Fink has had his feelers out working the press to try to take away some of the anger that is forming over his ESG score invasion through BlackRock. When these World Economic Forum people came up with these plans to crush the world’s economies so they could profit off the uptick and gain power to run it from the United Nations, they didn’t think about all the anger they would generate. They were doing it. People are mad. They are angry at Wall Street. They are furious at the Federal Reserve for a good reason. Inflation is over 7% presently and is spiraling out of control quickly. Why? Because the Fed purposely created an asset bubble worth more than 8.5 trillion dollars on the Fed’s balance sheet, the only way to deal with it would have been to raise interest rates over the last few years. Instead, they have added 3 trillion to it and continue to add 120 billion per month to help it grow. But it was on purpose, and the people who did it have a lot of bad coming their way. And they are feeling the heat.

But this plan isn’t new. Klaus Schwab said it himself, by 2030, nobody will have private property; we will own nothing and like it. Well, how was that going to happen? People will lose their property, and they are going to like it? By whom, and under what conditions? Well, we are seeing the plan play out with Ukraine. We just had two years of Covid, and from one day to the next, we had an attack by Russia into Ukraine. Provoked by what, well, Kamala Harris went to Europe and urged Ukraine to join NATO, which is a big no, no for Vladimir Putin, and poof, it triggered him into an attack. The Biden administration knew it was throwing gas on a fire, but they needed the distraction if Covid was going away. They needed something to take people’s minds away from what they were doing, which was why they were installed into the presidency, to begin with. The American people didn’t vote for Joe Biden. It was the climate crazies at the World Economic Forum who did. They planned for Hillary to fulfill their plan, and when Donald Trump came along, it threatened to ruin everything. So, they got rid of Trump with massive election fraud, for which there is abundant evidence everywhere. There will be a decertification process because Joe Biden was not elected legally. But the Desecrators of Davos don’t care about American law. They hope to outrun the inevitable. By the time the legal system can install justice, they hope to crush America financially, switch the dollar’s value over to China for a stable currency, and seize all our property and force us to rent everything we experience through them. 

The writing was on the wall long ago. My daughter and I used to argue the merits of the new video game age where all new games are downloaded.   Video game makers wanted to get away from physical copies of games so that everything would be online. And even when you did buy a game, you had to maintain subscriptions to access it. And they would constantly charge you for updates. The video game manufacturers were ahead on the Davos plan for over a decade. Apple Music does much the same thing. They got rid of their iPod music player and now charge a monthly fee to access music. No longer can you buy your favorite music and download it on your player device for personal consumption. Now you must rent the music from them. The minute you don’t pay them money, you lose access to that music. Those were all testbeds to work out the system and condition us for the inevitable. It’s not that Electronic Arts is sitting on the board of some Illuminati meeting planning these things. But they are pushed in those directions by people like Larry Fink, who controls their boards of directors with ESG scores intent on fulfilling progressive political strategies through finance. Once you take money from them, they own you. Or, once they buy up a sizable amount of stock of your company with inflated asset bubbles the Fed created for Fink and the gang, then you lose control of your internal company strategies. Consumers will rent; they won’t own. 

And that is why gas prices are high. These Desecrators of Davos, whom Joe Biden works for, their pick for the White House, and they put him there with election fraud; they intend to eliminate all fossil fuels. Russia still uses a lot of fossil fuels as the basis for their economy, so they provoked him into a fight to gain control of Russia and fossil fuels. And while we were looking at that and blaming Putin for the high gas prices, we would be strangled in America. Our entire economy runs off oil, even planting a field for farming. So, as the Desecrators of Davos fully intend, the way to destroy America is to cut us off from fossil fuels entirely. That is the goal. And once all our wealth is redistributed to the Desecrators of Davos, that value will be transmitted to shadow banks in China, created by BlackRock. The groundwork is already established for this. They don’t intend to lose any money, but the math is easy to figure out with only 300 million Americans and over 1.4 billion Chinese. The Desecrators of Davos will create a new middle-class there and bankrupt the United States with all of us in it. And from there, they intend to rebuild us all back up with credit scores, universal wages, and a rent process that we’ll have for the rest of our lives.

We’ll pay them for everything and will never own anything. But don’t take my word for it. Klaus Schwab said it, and his buddy Larry Fink who is executing it in America along with John Kerry, Al Gore, Bill Gates, and Michael Bloomberg. There are, of course, a lot more, but that’s what we are dealing with. Now it’s up to us if we fall for it. Their plans are not solidified. But we should understand what their intentions are and fight back accordingly. And let them feel the heat because what they are doing, and plan to do, is reprehensible and is a theft of everything we stand for. And we should feel okay about fighting them over it.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

The Desecrators of Davos: Vivek Ramaswamy has a plan, and we should listen

One thing that Americans underestimate is just how much people worldwide hate them. They hate them for their concept of “individualism,” which contradicts everything they have been taught, from infants to an elderly state. The idea of individualism is specifically an American idea born under the umbrella of freedom. Most people worldwide do not have that luxury, so they resort to what they know and understand, their placement in the pecking order of existence based on the authority figure of their culture. Americans have a constitution that empowers the individual against government controls, and almost every home from sea to shining sea has a firearm or several in it. We really don’t need a standing army because every home is its own military. So, we tend to have a live and let live policy when it comes to the world. Yet, that world plots and schemes endlessly to take us down by whatever means possible, and they spend time thinking about these things 24 hours a day, seven days a week, forever. They never sleep or stop thinking about it. This is undoubtedly true of Vladimir Putin of Russia. It is very much true when it comes to Xi Jinping of China. Pick your authoritarian ruler anywhere in the world; they are thinking about bringing down America. 

Yet, no group of dictators is more of a threat than what I call the Desecrators of Davos, the members of the World Economic Forum who have hidden quietly in Switzerland and other European countries and intend to rule the world from beyond the rules of governments. They are much more dangerous than Putin or Xi. They control the money and policies to which those authority figures react to. And they have their eyes on America and have for a long time. They have plotted and schemed behind the scenes, ignoring our laws destroying our financial system all within the context of a smile on their faces looking like a bunch of progressive radicals who love socialism and communism across the ocean. But in reality, they have embedded themselves into our political system through finance and are now deploying their long-established plans. When I said that Ukraine and Russia were not the threat we should be paying attention to, I mean that the Desecrators of Davos are much more dangerous. Much more dangerous, and the plot they have revealed to the world, in their own words over the last few years, is much more sinister than anything they are showing us on the nightly news.

In many cases, the corporate networks are in on it because the Desecrators of Davos own their flow of finance. So the employees of those networks will do anything they say, whether they believe it or not. And it is there that we must turn our gaze to defend America from its enemies. 

In many ways, the political left in America is a creation of many years of ruthless dictators shaping policy through a complicated spy network during most of the 20th century. They created a European desire to spread Marxism to every corner of the world. They show themselves in America through the Democrat Party and the RINOs from the Republican side who aren’t very deep thinking and have a higher value in getting along than in standing up for the idea of America, at all costs from enemies both foreign and domestic. I have been thinking about this problem for a long time. Looking behind the curtain at what they don’t want you to look at, and there it is clear what they have been up to. I don’t dislike Wall Street in any way. I don’t think we should end the Fed. But through the actions of the World Economic Forum, penetrations of the political left into all aspects of culture and using the stolen money of the Federal Reserve created through bad policy of quantitative easing, which was then given to people like Larry Fink at BlackRock to buy up American companies with stock buys created by the asset bubble that the Fed created out of thin air, now we can all see the method of attack into America. 

I was headed in this direction before Vivek Ramaswamy wrote his now-famous book on the matter Woke, Inc., and the excellent work he has done at CPAC 2022 puts it all on the table. I have run into Vivek several times over the last year and listened to his pitch in person at the Republican Headquarters in Middletown, Ohio, in May of 2021, and I found his argument compelling. Then he gave a great interview to The Epoch Times at CPAC, and compared to the work I had been doing; it was quite clear that the Desecrators of Davos is the threat we all need to look at to protect America from its latest barrage of enemies. Ramaswamy has a plan, and we need to get behind it and not get distracted by the other events of the world. Specifically, Ukraine. Remember, Kamala Harris went to Europe two days before Russia invaded Ukraine and pushed to make Ukraine a member of NATO, which everyone in intelligence knows is the biggest hot button issue of concern for Vladimir Putin. It’s like knowing that throwing gas on fire will have an explosive effect. The Biden administration, working directly with the members of The World Economic Forum, provoked war between Russia and Ukraine to divert the world’s attention from their genuine desire, controlling all fossil fuels to satisfy their insanely ridiculous plot to make climate change the primary issue in global politics, which they would then control through finance into the world’s biggest companies. 

I understood what Vivek was saying as an insider from Wall Street who had done very well for himself. But he was at a point, much like Donald Trump, where he wanted to give back and do something good. But in practice, we all saw just how manipulative the Desecrators of Davos were when we saw the compliance approach from government mandate to individual companies all over America, with the vaccine mandates. They were eventually found to be unconstitutional, but in September of 2021, nobody really knew how to react, and companies went straight into compliance mode without questioning the politics. It was dangerous, but it did reveal the plot to destroy America coming from the Desecrators of Davos rather than from China or Russia. Who was telling the Biden administration what to do with the vaccines? Was it just pharmaceutical companies looking for a stable government check? Or was it something else? Well, all roads point to the doorstep of the Desecrators of Davos. They are desecrators because they have been funding the destruction of America from the inside out, using our own money and wealth to perform the task. And they think it’s funny. They are cheerful about it, which was evident while watching Davos’s last year’s coverage. As I read Klaus Schwab’s books, listened to him speak, and observed Larry Fink’s behavior of BlackRock, who sits on the board at The World Economic Forum, the threat to America was quite clear. And as I listened carefully, and personally one on one with an insider like Vivek Ramaswamy, it has all become evident. But more than anything was the understanding of what the Fed has been doing to help, as revealed in the excellent book The Lords of Easy Money. A Fed populated with bank presidents who have been suckered into the climate change religion, would they support the strategy of Klaus Schwab and the gang in Davos? You bet they would, and they have.

By the way, Vivek Ramaswamy has a new book coming out this year, (2022) and I think it will be a great one! I’ll be the first one to get it!

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

Populism is the Weakness of Davos: The Fed has sold us all out, and now we have to rethink how much power they should have

As scary as it is, we’ve been here before in America. We can survive this, even as we learn of the sinister forces that have embedded themselves into our government and are presently threatening the world and everyone in it. I will admit reading Christopher Leonard’s Lords of Easy Money opened my eyes to a terrible menace at the Federal Reserve. I am thankful that there are people like Thomas Hoenig out there who was the star of that book and were soft “Rs” on the FOMC (Federal Open Market Committee) as the bank president of Kansas, who was during a reckless period of quantitative easing was the only dissenting vote on the 12 person committee. If all twelve members of the FOMC were like him, I would say that the Federal Reserve would do what it was supposed to do, which is manage the value of the American dollar in a proper way with the world. But, when members of that FOMC are extreme liberals or overly educated in Keynesian economics like Ben Bernanke and Janet Yellen, then the propensity for trouble and eventual scandal is all too tempting and justifies everything that President Andrew Jackson feared about central banking in America. And for that matter, this argument goes back to a significant dispute between Alexander Hamilton and Thomas Jefferson. Hamilton wanted a strong central government, whereas Jefferson was the king of the Anti-Federalist position against them. Time has only proven Jefferson and Jackson correct about them. And today, we find ourselves in precisely the reason why they were so dangerous. Our current Fed has created an exacerbated “monied aristocracy” that has sold out our country to globalism and is a significant problem. If not for Hoenig’s dissenting votes, we might not know how bad it is. If not for those decisions, for finance reporters like Christopher Leonard, a liberal, he may not have been drawn to this story, which probably nobody thought would ever see the light of day. But because he did, we know that the Fed has created a massive asset bubble that has opened the door to major foreign influence and set us up in a vulnerable way to the Party of Davos, where Larry Fink directly has been the bridge that has connected them all, the Party of Davos, the Fed, China, and progressive woke politics pressed directly into all our lives in a very destructive way. 

Knowing all that, of course, people are worried. They think it’s all too late, that we’ve all been sold out, and that it’s over for America. But fortunately, this is an old argument in America, and we know how it can end because President Jackson showed us how to go about this. The amount of dollars involved is much more significant today than it was in 1828, but the concept is the same. Should there be a central bank running the money of America? Can it run correctly? And what are the dangers of a Federal Reserve getting out of control to where they no longer represent ordinary people but fall under the supervision of a foreign entity like the Party of Davos, where Larry Fink sits on the Board of Trustees at the World Economic Forum. When people talk about the “elite,” they are talking about these types of people, people who control the money supply and its value. Most people glaze over when talking about money. They just want to know that the money they earn can buy them a tank of gas or lunch. They don’t like the meetings in Jackson Hole, where the FOMC meets yearly and geeks out over finance talk. I personally find it all fascinating. I follow the meetings in Jackson Hole, which is where I bought my new Stetson cowboy hat, the white one I have been wearing everywhere these days. I like Jackson Hole, Wyoming, because many important things happen there, and it’s a very nice town. I don’t have a problem with the Fed as long as all the members of the FOMC are like Thomas Hoenig. Actually, I’d want them to be more conservative than him. I think we need a way to manage our money. But we must always watch the kind of people who are in charge of our money. I don’t expect it to be a perfect system. But I don’t expect the Fed to sell us all out as this modern Fed has. And for the monied class to use those mistakes to destroy our country was always the worry. Jackson and Jefferson were right from the beginning.

Ultimately, I think the fix at the minimum due to our current problem will be much more painful than what the country went through when Jackson was president. There will be lots of pain resulting from the Fed’s coming out and the eventual collapse of the asset bubble they have created. The Party of Davos has bet everything on this monied class sell-out by our current Washington D.C. culture. It doesn’t take much imagination to trace everything regarding election fraud, Covid, and the constant press attacks on Trump, the two impeachments, and investigations on the criminals who have been built off these artificially created asset bubbles. Suppose you peel back the curtain on Hillary Clinton’s Durham revelations, or the Biden laptop, or the FBI falling under control of the disptribution of budget money, or the Department of Defense activism into global affairs. In all those cases, you will find at the root of that Hydra of Evil the trillions and trillions of dollars the Fed printed out of thin air that allowed Wall Street to sell as assets to investors in a scam that will prove to be the most significant corruption case in world history. I would advise everyone to cash out their 401k plans now before the bubble bursts because it will. It has to. And the Party of Davos people are hoping that there is some major war in the world that can divert people’s eyes from the matter before they figure it out. Put this statement on your calendars, the Wall Street investment managers could not afford a second Trump term, and now that they know one is coming anyway, they are scrambling in panic. Their sell-out of our country is going to be noticed. 

But for everyone else, they can rest assured that the weakness of the Party of Davos people, people like Larry Fink, who we all have to deal with in some way or another, whether through our investment portfolios or our companies where BlackRock representatives have taken control of management, the biggest fear they have is in the rise of populism, just as it was in Jackson’s day. Trump is a populist, and populism is rising worldwide in reaction to what people see. They may not understand how dangerous this current Federal Reserve asset bubble is to the American economy, and thus, to the rest of the world. But they know that the mysterious “elites” are up to no good, and they instinctively know to be skeptical of them. I don’t think of those people as “elite.” I don’t even think of them as being smart. I know that the Fed doesn’t control the American economy. But the Fed and the government itself are terrified of losing control of their “monied class” in the Beltway. Ultimately, when we talk about draining the swamp, we are talking about taking control of our money from the centralized planners. We will survive that exchange. But they likely won’t, and as they go down in flames, they are going to scream and protest. It will be ugly, but the pain will be felt by those who have made their livings stealing our wealth and using it for their own means.

In populism, the people who actually do all the work will be empowered. And as we deal with the current crises and look forward to Trump being the president again in 2024, while on Biden’s watch, the Fed needs to have its collapse. Larry Fink needs to be shown for the fraud he is, and the Party of Davos needs to have their hands cut off from our money supply which they are using to invoke the world into their domination. It’s time to take our country back, starting with reform at the Fed, with an audit at the very least. And possibly, a complete reconstruction of how we manage the value of our dollar. The members of the FOMC are obviously not able to fight off corruption, and it’s time we start there in properly reforming our country with an American First policy that is defined by our money. And to Hell with the bandits who have been caught trying to rob it.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

A Review of ‘The Lords of Easy Money’: What’s behind the smokescreen they don’t want you to see

As bad as things seem, I’ll have to say I feel privileged to live in a culture that can produce books like The Lords of Easy Money. The new book by Christopher Leonard is what I consider a real treasure to a rich culture. After reading it, it spawned in me an insatiable appetite for solving some of our modern problems, and right there in those pages, everything was clear to see. I took last week off everything essentially to read an additional 12 books of all types of wide-ranging subjects connected to the subject of the Federal Reserve and the history of Banking in America and the Constitutional problems that are part of it. I think I slept 3 hours last week as my reading list was very aggressive. Good books are better than sleep to me.   We’ve all talked about this before, but never has there been a writer who was able to put their finger on the problem quite like Christopher Leonard has. For me, it was the big block in the puzzle that put everything else together, and I feel greatly enriched by it. Because of it, I am much more inclined than I was before toward the banking policies of Andrew Jackson as he let the charter expire for the second attempt to put centralized banking in charge of our central government. These subjects are too complicated for our news reporting, so they never get talked about, yet the corruption at play here is mind-blowing, and it is there that we must focus on in the future if we want to save our nation. I’ll have a lot to say about this book in the months to come, but for now, we’ll talk about the tip of the iceberg. 

The problem starts with the American Constitution and Alexander Hamilton and his debates with Thomas Jefferson over the merits of centralized banking. Hamilton’s interpretation comes from Article 1 Section 8 at the very end, “to make all Laws which shall be necessary and proper for carrying into Execution and Foregoing powers, and all other Powers by this Constitution in the Government of the United States, or in any Department or Office thereof.” In other words, if the government thinks it needs it, it can have it. This is also why the duel between Aaron Burr and Hamilton should have happened on the day before Jefferson and Hamilton had this discussion. Hamilton’s argument opened the door to the kind of crazy lunacy regarding fiscal policy that we see today. Lucky for us, we have had great presidents, such as Jackson, who fought this battle before. It has taken a lot of time for the crooks and thieves of Wall Street and politics to become emboldened to the level they are now, to rob openly, loot, steal, and sell out our country in the fashion that The Lords of Easy Money articulates. But make no mistake about it, Christopher Leonard is not arguing against the Fed. He is, in fact, a Democrat. He’s not at all crazy about the Tea Party movement or President Trump. He wants the system to work. He actually makes an excellent argument for the Federal Reserve. Still, in the research he conducted, which went on for years, the actual Federal Reserve regional bank president Thomas Hoenig out of Kansas, Missouri, where this real glimpse into the problems of the Federal Reserve came to light and is the heart of the whole book.

The Federal Reserve has a consistent problem because it functions as many school boards do or any government that emphasizes consensus rather than dissent and argument. In the case of the Federal Reserve, all the bank presidents who end up on the FOMC (the Federal Open Market Commission) consist of 5 appointed positions; the other seven are rotated among the regional bank presidents. There is always one permanent seat for the Federal Reserve Chairman and another for the New York Federal Reserve. Around 2010, when Fed Chair Ben Bernanke began a policy of quantitative easing to deal with the crash of 2008, the only person on the FOMC committee to vote against it was Thomas Hoenig, which was embarrassing for Bernanke. They had always had consensus up to that point, at least what they showed the public. But Hoenig felt that the policy was dangerous, and he continued to vote that way until he retired eventually. But the Fed ignored his vote and kept the policy going anyway until things really exploded out of control after Covid came and did its damage, which is our present problem. The most obvious problem that comes to mind with this arrangement is that all the members have PHDs from socialist-oriented schools where Marxism is heavily studied. So they all think the same way. Thomas Hoenig was considered a soft “r” Republican, but they all essentially thought the same way about fiscal policy. The value of something was supposed to need Fed action for it to be useful. Rather than dealing with what elements of the economy create value, such as free people able to function and produce, the Fed believed that all activity was more or less fixed. It was their job to manipulate interest rates or print money to inspire growth. When you have 12 people who all think the same way on these matters, you will get what you are going to get. 

In reaction to the housing bubble bursting in 2008 and the election of the socialist Barack Obama, who put tight controls on economic behavior, Ben Bernanke, then Janet Yellen, then Jerome Powell would turn to what they call ZIRP (zero interest rate policy) to flood the market with cheap money and to build up a massive asset bubble that Wall Street could count on a “Fed Put” strategy to bottom out the risks on an asset pricing strategy. For instance, to inspire the buy-up on all those risky mortgages after 2008 for which BlackRock became so wealthy, the Fed boosted the purchase with a public-private partnership that removed much of the risk by pumping up the potential losses with the money supply. There has never been a restoration to normal on the Fed’s balance sheet. What started as a mess on that balance sheet of 900 billion in inflated assets in 2009 ballooned to 4.5 trillion by the end of 2019. Now, after Covid, the balance sheet is at 8.2 trillion as of this writing, and it’s going up every month by 120 billion with no signs of an end to it. So now we have an asset bubble that is poised to burst at any moment, and the smoke and mirrors of the political arrangement between Congress, Wall Street, and the Fed is out of control and explains a lot of why major investors are putting so much effort into pumping up the Chinese economy. They are trying to hide the money they have gained during all this in a new economy for their own preservation. The whole situation truly is a mismanaged disaster. Of course, if money is all you care about, and you want to protect what you’ve built, China suddenly doesn’t look so bad. Why is everyone so upset over their human rights violations and communist central government?    

But the first step is in understanding it all. I never was, and I’m not now a person who will say we shouldn’t have a Fed. There needs to be a way to manage the money of society. As I said in the video above, with space exploration coming on fast, spikes in the gold standard and other precious metals will need to be managed through a stabilized currency. But when you create something like the Fed and put a bunch of people trained in Marxism in charge of it, well, you get the failures of Marxism as a result. Rather than have people running these banks who actually understand the value of labor and how to apply it to actual assets made by the human mind, instead, they have created a bureaucratic nightmare that is poised to blow up out of this artificial asset bubble that they have made at the Fed and will cause significant harm to all the people who depended on the Fed to do the right thing. And in doing that right thing, Thomas Hoenig has told his story of how painful it was, which is the point of the excellent book, The Lords of Easy Money. This has been the smokescreen nobody wants to talk about, behind nearly every news story that they hope you never find out about—until it’s too late.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business