Tag: Modern Monetary Theory

The Fed Was Always Illegal: Getting rid of horrendous preditory banking practices

I keep hearing that the stock market lost over a trillion dollars in value on this particular day, or that the trade war with China cost them a lot of money.  For which I will tell you, the money was never real.  And remember something, he who owns the gold rules.  And we have all the gold.  China is a propped-up paper tiger, and they have been exposed.  And again, remember what they did to us.  They unleashed COVID from a lab in Wuhan.  The White House is willing to say it was an accident in an experiment they should never have done with Dr. Fauci.  But I would say that they did it on purpose during an election year to tamper with our election system, and to insert Joe Biden into the White House, because they wanted Trump out, and all this tariff talk during the first administration.  The stock market has largely been propped up with phony money from the Modern Monetary Theory movement of progressive politics, and the Federal Reserve made it all possible with unholy alliances with radical leftists like Larry Fink at BlackRock, to wash the money.  And the whole inflation game was caused by making too much money chasing too few goods.  This happens when you have an independent money manager in the Federal Reserve who thinks they get to run everything without having representatives who must answer to the public.  The only concession the Federal Reserve has made on behalf of centralized bankers is that they allowed a President to appoint a chairperson just to shut up the masses.  However, this is precisely what President Jackson warned about during his war with the banks.  You can’t have a representative republic that works correctly if you have an independent organization managing your money from the perspective of global, centralized banking.  It just doesn’t work, and never should have been applied.

Fake money by an illegal money management system

Trump appointed Jerome Powell, the current head of the Federal Reserve, during his first term, and Powell has turned out to be a disaster.  They essentially printed too much money to hide the bad Biden economy and washed it through Wall Street, making inflation in the process, then dug in because so many people have made investments in the phony profits that they dare not reveal their scam.  However, someone had to reset the clock to the real value, which is what Trump is doing.  Remember when the Dow Jones was under 18,000 before Trump’s first term, after 8 years of the socialist Obama?  They weren’t doing Trump favors with Fed policy during those years that propped up massive increases in stock values. Instead, they were trying to put the genie back in the bottle to regain control of the Executive Branch.  Because they were concerned that they tried to keep Trump out of office, but people elected him anyway, three times now.  When the Fed was created in 1913 at Jekyll Island, what happened to Trump was never supposed to occur.  What we saw was an attack on America coming from centralized banking, and they intended to run our country without ever firing a shot.  While it’s true that someone needs to manage our money supply, we should have elected representatives who do it, not some independent group of bankers who essentially control our country with monetary policy.  Jerome Powell turned out to be just as worthless as Janet Yellen and Ben Bernanke, all of whom have made unholy alliances with lefty radicals like Larry Fink at BlackRock since even before the 2008 housing collapse.  You cannot give a government the ability to print endless money to pay for ever-expanding government and expect everything to work out all right. 

The Federal Reserve was always a scam, and it should be removed in the form it’s in now.  We need to rethink the whole concept, so when Jerome Powell says it is illegal to remove him as head of the Fed, he’s essentially saying that the game is rigged so that no elected representative can manage them once appointed.  They are independent of civilian oversight.  And if anybody does tamper with them, they manipulate the interest rates, wreck the stock market on a whim, because they control the money that goes into it, and bring great pain to people who get in their way. If you have dealt with many bankers, most of them are pretty ruthless, horribly unethical, and power hungry.  Predatory banking is the theme of our society, just beyond the reaches of polite discourse.  If you recall Mr. Potter’s banking relationships in It’s a Wonderful Life, I would say that’s a rated G impression of the truth.  People who control monetary policy today are ruthless and generally unethical.  And they are filled with flat-out lying manipulators like Larry Fink.  He didn’t become so powerful because he was more intelligent than everyone else.  But because he was dumb enough to put himself as a middleman between centralized banking to wash money through quantitative easing and then buy up the assets of American companies through their boards to run them with woke politics.  And the Fed made it all possible.  So Trump needs to run Powell off his post.   Or, to make his life so miserable that he doesn’t want to do the job.  Most predatory bankers are nothing more than terrorists who play golf, rather than run around kidnapping innocent people and killing them like the Palestinians do with Hamas.  They are all the same.

The Fed was illegal when created, and it’s just as bad today.  And I say unlawful because it works against the Constitutional framework the Founding Fathers of America intended.  Even though monetary policy was not explicitly defined in our Constitution, it should have been.  Centralized bankers worldwide found a workaround legally, which is why the Jekyll Island meeting happened in the first place.  I’m not going to say that it was a vast conspiracy; I think the Jekyll Island participants wanted to do what they thought was right from their perspective.  But it was the wrong thing to do, and the Federal Reserve should never have been created.  It was a mistake that put our country’s fate in the hands of predatory banking.  And we had to stop the cycle at some point in time, and that is one of the reasons we elected Trump.  That’s also why these tariffs will work: they force value where value actually resides and take the power of centralized banking away from them to determine winners and losers with propped-up phony money printed to saturate markets with bad fiscal policy.  They printed money and drove up your 401K plans to shut you up while they stole your country from you.  And now we are taking it back, and they violently oppose it.  Which we would expect them to do.  But don’t think you have to appease the Fed to have a good life.  They should never have been in charge of the financial policy of free people because that freedom is an illusion.  And they are losing that ability during this Trump administration, and it’s about time.  I think our government needs to eliminate the Fed completely and rethink monetary policy.  Someone needs to manage our money supply.  However, they need to be elected and managed by the public through elections.  They are not independent of government management, so they can rule in the background to manipulate the whole thing with phony money.  We have to put an end to it all which is what we are in the process of doing presently.

Of course, I’m not writing this for a general audience, but for those who know who they are and can help with the situation.  With all this talk about Jerome Powell spending tens of millions of his own money to defend the Federal Reserve from questions coming out of the Trump administration, the key to that battle is in the complicity of the Fed and their policies on Modern Monetary Theory, which they deny, but are very guilty of.  And their relationship to BlackRock and what BlackRock has done with the money provided by the Fed through horrendous monetary policy.  They are guilty and they know it.  And they can’t defend that guilt, so they will do whatever they need to do to divert people’s attention from the real matter.  So don’t allow them to set the terms for the battle, take it away from them, and keep the focus of the discussion on what they are most guilty of.  And let them choke on it. They won’t win in court.  The Fed is guilty during 2008 of losing control of its balance sheet, by buying up bonds to fund deficits and using BlackRock to clean the money through Wall Street.  The balance sheet in 2008 was $900 billion.  By 2022, it grew to $7 trillion.  Ladies and gentlemen, that is a purposeful mismanagement of the US monetary system and criminal neglect by any definition.  And that is where the real fight is, and of course, to wash his hands of the complicity, Jerome Powell will spend millions of his own money to defend himself in court because his only hope is to go on offense and attack the attacker.  But he is as guilty as guilty gets.

Rich Hoffman

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Why Does Blackstone Want to Buy All Our Homes: Yet another scam from the World Economic Forum to bring Communism to America

You see, back in the good old days, if a corporation or person wanted to conduct a hostile takeover, they would have to be very successful in life, save their money, and use years of winnings to buy out their rivals to acquire power and position.  Heck, even when it comes to the game Monopoly, you’d have to work hard during the game to buy up more property before your rivals and get hotels on them as quickly as possible.  And that was the path to winning the game.  But these days, such as with Blackstone, who has been buying up personal homes for nefarious reasons, Monopoly is given to them, complete with all the houses and hotels.  All they must do is play a few rounds and they win.  This is because of the alliance with a government that corporate partnerships have these days where the Fed prints a bunch of fake money and dumps it into Wall Street where companies like Blackstone, which is strategically aligned with the World Economic Forum, start the game about to win because they were given all the money, they’d need to perform the task.  That is the game going on now in real estate, where the World Economic Forum’s desire to convert property ownership into renters is underway at a pace that people should find alarming.  Blackstone is different from BlackRock.  Why do you think all these crazy World Economic Forum companies have “black” in their name?  Aren’t they interested in other things?  I believe that the reason is that it all eventually ties back to the Kaaba Stone in Mecca and that for them, they are still fighting the Crusades, the classic struggle between the East and the Christianized West; at least, that is what many of the occult lovers from Europe believe, and the World Economic Forum types operate in that region and are undoubtedly hell-bent on globalism with those same strategies in mind.

I have been getting calls, about once per week, for a few years from companies trying to buy my house, which I thought was weird.  How could they afford to do that, I wondered?  Not just to buy my home but to have a strategy of purchasing many homes.  It’s not like they are flipping houses, buying them low, and selling them high after a few improvements.  In many cases, they are paying top prices for real estate, almost as if money didn’t matter.  Well, that’s because money doesn’t matter to them.  What does matter is buying up the property of private citizens, putting a little juice in their pocket that they will then foolishly blow at the local casino or on some nefarious conduct.  Then deplete themselves into becoming renters and subservient to not just Blackstone or some other investment company such as Invitation Homes—but the strategies of the World Economic Forum.  It’s a sucker game that is more of a military attack rather than a straight-up investment as traditionally measured.  The scheme is meant to hide its intentions behind what we would typically consider business practices, but the desire is to acquire private property with phony money injected into Wall Street to give power to WEF companies they otherwise would never have.  These aren’t investments from traditionally hard-working people looking for long-term sustainability for a retirement fund.  Those people certainly do invest, but the real menace is hidden behind the fake money printed by the Fed that gave them all the power and made the investment portfolio look much more attractive than it otherwise would be. 

Of course, I continue to say no to these frequent calls.  Property ownership is the key to the American way of life, and as many people as possible should be utilizing it for the country’s health.   But this current government which is the propped-up puppet not just of China but of the World Economic Forum is playing along with the strategy of making owners into renters, which is the proclaimed declaration of the Desecrators of Davos, “We will own nothing, and be happy.”   Destroying the concept of home ownership is a strategy, just like winning at Monopoly is the reason for playing.  But the point of the game is to earn the win.  In the case of Blackstone, they were given the victory by the Fed, which is the money they are using to buy up all these homes, luring people to the temptation of easy money for short-term gains so they can hold that property for long-term strategies.  It’s the same game as with BlackRock; they didn’t become overtly successful overnight.  They had a partnership with the Fed which used them to funnel their fake money into our economic system to manipulate it in ways that the World Economic Forum desired.  It was a foreign invasion disguised as shareholder capitalism.  Just as Blackstone is buying homes disguised as real estate transactions for investments when the fundamental objective is the conquest of the West’s foundations into private property ownership, when personal property becomes public, because the money used to buy it came from the Fed strategy of Modern Monetary Theory, a nation can be purchased by foreign, hostile interests without firing a single shot. 

It didn’t take BlackRock long to acquire so much stock, bought with a mix of phony Fed money hidden with legitimate 401K investment, to become majority shareholders, which they had to do to redefine capitalism into the Marxist model that the World Economic Forum has in mind.  None of these companies come from Joe down the street, who wants to make enough money to have a boat for leisurely weekend enjoyment.  These are hostile foreign interests who still think they are fighting in the Crusades, only like the Knights Templars who brought back from the Holy Land poison given to them intellectually from the Muslims, like rat poison going back to the nest to kill them all, this attack strikes at the very foundation of capitalism disguised as investments but is, in reality, a communist plot to rule the world.  Buying America’s homes is not just an investment to buy up a mortgage and sell it back to a renter for a few hundred extra bucks in a rental payment.  In case you haven’t noticed, energy bills are up about 6% per kilowatt hour, as is the cost of most things, slowly squeezing Americans at their pocketbooks and making that Blackstone money look all too tempting.  This is a massive military strategy to take over our country.  And it’s coming at us from directions nobody has yet figured out.  But it is a coordinated plan meant to end the concept of America as quickly as possible.  And all roads point back to Janet Yellen, Jerome Powell, and Ben Bernanke and their alliance with Wall Street figures, deeply committed to the Marxism of the World Economic Forum.  And they violated our trust and have shown their teeth to eat us, unaware.  This is not a fight for troops on some remote battlefield, but this one is at the bank and in the halls of the legislature.  It’s a very unsexy fight as part of its disguise.  But it’s a fight never-the-less—one of the most important in the history of the world. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

The Marxist Dream of Modern Monetary Theory and the New Ways of War

We are currently seeing the largest-scale military maneuver against nations in the history of the world.  Only the weapon of choice isn’t traditional military weapons.  But for all the same reason that wars have been started to defend national borders, this is how we must view Modern Monetary Theory.  The scam is currently, for instance, in the United States to use the strength of the dollar to print infinite amounts of cash to prop up the wealth of companies like Blackrock, Blackstone, and Vanguard.  Then use that power to take over the corporate boards of most of the world’s companies.  Once that has happened, then the world will move away from the dollar and convert everything to a digital currency that is controlled by China.  Then the entire wealth of the United States would be evaporated, along with everyone in it.  It would be an attack on a much larger scale than when Mesopotamia attacked Israel, the Persians attacked Greece, or the Romans the known world.  But the attack is just as bloody and ruthless, and this is how they are doing it with MMT.  And the Biden administration is the insurgent force controlled by the World Economic Forum, which is behind the effort.  

Modern Monetary Theory, or MMT, is a relatively new economic theory that has been gaining traction in recent years. Developed by a group of economists including Stephanie Kelton, Warren Mosler, and Bill Mitchell, MMT challenges traditional views on government spending and the role of taxes in the economy.

At its core, MMT argues that governments that issue their own currency can never run out of money. This means that, unlike households or businesses, governments can always spend more money than they take in through taxes. This is because they can simply create more money out of thin air.

This may sound like a recipe for hyperinflation, but MMT proponents argue that as long as the economy is not operating at full capacity, increased government spending will not lead to inflation. In fact, they say that increasing government spending can actually stimulate the economy and create jobs.  But of course history proves this not to be the case.  These people are crazy, and not very smart.

One of the key insights of MMT is that taxes do not actually fund government spending. Instead, taxes are used to regulate the economy. By taking money out of circulation, taxes help to control inflation. In addition, taxes can be used to incentivize or discourage certain behaviors. For example, a carbon tax could be used to discourage the use of fossil fuels and encourage the adoption of renewable energy.

MMT also challenges the conventional wisdom that government debt is a bad thing. In fact, MMT argues that government debt is necessary in order to provide the private sector with the financial assets it needs to function. When the government spends more money than it takes in through taxes, it creates new financial assets in the private sector in the form of government bonds. These bonds can be bought and sold just like any other financial asset, providing a stable source of income for investors.

Critics of MMT argue that it is a dangerous and untested theory that could lead to runaway inflation and economic collapse. They point to examples like Zimbabwe and Venezuela, where excessive government spending led to hyperinflation and economic disaster.

However, MMT proponents argue that these examples are not relevant to developed countries like the United States. These countries have much more stable political systems and financial institutions, which make hyperinflation much less likely. In addition, MMT argues that the government can always use taxes to control inflation if it becomes a problem.

Overall, MMT is a Marxist dream and controversial theory that challenges many of the traditional assumptions about government spending and taxation. While it is still a relatively new and untested theory, it has already gained a significant following among economists and policymakers. Whether or not it will ultimately prove to be a viable alternative to traditional economic theory remains to be seen. 

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business

The Market Decides Success, Not Governments: Modern Monetary Theory’s attempt to inject Marxism into the world economy

The good news is that there is an obvious path to victory regarding all the scary intentions of the Deep State and their Administrative State terrorists.  It all comes down to the classic failures of Marxism and the incredible intelligence of capitalism, as expressed by Adam Smith and his fantastic book that every leader of every country should read, The Wealth of Nations.  Hidden behind this current corporate partnership with the government, which has become apparent during Covid, the long-established plans were set bare, and now we know what they were up to and for what reasons.  Governments want to avoid violating countries’ Constitutions by backdooring everything with corporate loopholes.  And those who lobby governments and put money in the pockets of politicians, who secretly want to control the world, use governments’ power to extort corporations into playing along for their own good. The fear of regulations by governments forces corporations to play in partnership with the government to give the government power that the Bill of Rights doesn’t allow.  And once these forces control the finance industry, you see the genuinely frightening tyranny we are presently in.  But, the entire concept, which is wrapped up in failed Marxism from the start, is the very foundation of the whole scheme, and yet the attackers do not understand the trajectory of failure, and that includes people like George Soros, Rupert Murdoch, and his family at Fox News, and all the major studio heads.  The plan was to fake the Marxist takeover of the world’s major corporations with this arraignment using phony made-up money using Modern Monetary Theory to buy off the depleted stock values, tricking CEOs into believing that the next excellent value system would be ESG, which is well underway now.  But in the end, the market is in charge, not the government or corporations, and once the smoke clears, all these characters will learn some hard lessons.  

It was embarrassing to see all the top people in the industry miss the market trends in the latest movies hitting during the summer.  For instance, the box office disappointment of the latest Mission Impossible is a good representation.  The belief was that because Top Gun: Maverick by Tom Cruise made over a billion dollars, his next film would do just as well because it’s another action picture.   When Mission Impossible started off slow, the industry panicked because the assumptions were all wrong.  Mission Impossible is a different kind of film than Top Gun, so the trend was concerning. At the same time, The Sound of Freedom was a surprise smash hit and has been very profitable for Angel Studios.  Now this is where it gets tricky because BlackRock, State Street, and Vanguard as money managers are now the top stockholders for all these capitalist endeavors, from movies to fast food restaurants, and they have bought that stock and control with largely phony money, with Larry Fink’s relationship to the fed, Janet Yellen and the gang.  Yes, the same Janet Yellen who loves communists and was seen bowing to the ruler of China, President Xi Jinping.  By printing fake money at the Federal Reserve and dumping it into Wall Street, to Fink and the gang, this partnership has caused even these movie companies to stop making movies for actual stock value, driven by box office results, and instead to appease that new market of partnership with the government because the government can then print unlimited amounts of money.  But people still vote with real value for what they consume in the marketplace.  See where this is headed?

And Rupert Murdoch, in all his foreign arrogance, thought that Fox News had a lot more power than it did.  This is the same kind of stupidity that you will hear at dinner parties among the very wealthy, where they can’t smell their own bad breath, and nobody will tell them so because they like rubbing shoulders with the rich and powerful.  They believe people are too stupid to think for themselves, so they will buy anything corporations put out because that’s what people do.  And I knew many people who believed that Ron DeSantis would be the guy because Fox News picked him to suppress Trump for the next presidential election.  I listened to people try and tell me last year that Trump had no chance because either Fox would sink him or the government would destroy him, so I needed to get over my support of Trump.  It was never going to happen again.  Then I would tell them, “Guys, the government is not in control.  Corporations are not in control.  The marketplace is in charge and will ultimately decide.”  People think Rupert Murdoch must know something special just because he is rich.  Sometimes people get lucky, and many rich people are in that condition.  Or, they are more ruthless than others and don’t have that valve of morality that tells them not to crush everyone around them needlessly.  Whatever it is, they aren’t that smart usually, and they have a false belief generally in the power their money can buy, fake or real.  Ultimately, as Adam Smith figured out in 1776, the invisible hand of markets is driven by desire.  Fulfillment of that desire is profitable.  Controlling that desire with market controls like disguised Marxism through Modern Monetary Theory still leaves people with resentment and anger, which is why things are these days as they are.

The attack of private investors into government, and government into corporations, to bring about economic philosophy that will change the world is just as stupid as the concept that Ron DeSantis would destroy Trump and ultimately put control of the populist movement into their hands.  The Deep State, which controls all these forces through various means, wants to think they can continue to put their people into the American government.  So far, they have been successful because they have stayed in secret. But now that pressure has forced them out in the open, it’s a different story.  They are learning that market value is real, whether it’s movies at the theater or presidential picks for the Executive Branch.  These people were never really in charge.  They only gained a political advantage through deceit.  But once that cover was blown, which it is, all their assumptions about how markets work, and any need, fell apart in front of their faces.  And that’s how all this will end as well.  The control of all the major corporations through stock buys built off Modern Monetary Theory by complete losers like Janet Yellen, Ben Bernanke, and Jerome Powell was always going to fail because it assumed that value could be controlled by printed money, not market need.  And now that they are all caught, and there are many tens of thousands of perpetrators, they should all be going to jail or punished in as severe a way as possible for messing with the money supply with an attempted Marxist takeover that essentially has wrecked the lives of millions of people.  And they have been caught, just as Rupert Murdoch has been seen, believing they had more power than they did and that people would serve the markets rather than the markets serving the people, as it would always be.

Rich Hoffman

Click to buy The Gunfighter’s Guide to Business