Tag: monetary policy

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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The Fed’s Plans for a CBDC: It’s the entire reason for the Biden presidency, and they are close

I love Jackson Hole, Wyoming; I spent some time there recently with my family.  It’s where the Fed gets together with bankers from all over the world, it’s the bean counter version of Davos, and it’s something I have paid attention to for a long time.  It’s also where one of my favorite movies, Every Which Way You Can, was filled.  While there, I had to visit all the filming locations for the big fight at the movie’s end.  And it is there that my daughter and I like to get new cowboy hats; there is an exceptional store on the square that is fantastic.  But it is there that I wanted a hat because I wanted to think about the notion that much of the world’s problems are created through monetary policy, and it’s a reminder that Jackson Hole, as lovely as it is, brings out the most pretentious in these stiff bankers, and aligns them with all the horrendous out-of-touchness that is typical at the World Economic Forum meetings in Davos.  Smart, stiff people suddenly surrounded by beautiful mountains who start to think of themselves as the gods from Mt. Olympus.  Then suddenly, they lose track of reality and become the kind of tyrants people scream “freedom” from.  But that doesn’t make Jackson, Wyoming, a bad place because people go there and create bad monetary policy.  I see it as a place of adventure, and during that most recent trip, I pulled my RV through the McDonald’s drive-thru to get my grandchildren some chicken nuggets before heading south into Utah for the next leg of our journey, which caused quite a stir.  They had never seen anybody do something like that, which maybe is the actual message. Perhaps they should because a bit of managed recklessness is essential to significant economies and avoids disastrous discussions about the Fed proposal of a CBDC (Central Bank Digital Currency)

Of course, the Fed wants to abuse its power, most institutions find those temptations too seductive, and there will never be a group of people who handles too much responsibility well.  That doesn’t mean you never have groups of people with massive responsibilities, it just means that you can never allow them to have too much power, and that is what all central bankers are looking for in the world, more security for them and less freedom for you.  It’s also why I say that the election fraud was so bad in 2020 because many financial forces aligned with the World Economic Forum are looking for stability that the Trump economy was set not to provide for them.  So they conspired together to commit the most significant election fraud in the history of the world, and they did it essentially to make a CBDC in America possible. (Central Bank Digital Currency) The Fed is already practicing Modern Monetary Theory, so it’s all on the table with a CBDC to control every aspect of our lives. That’s the plan and has been the plan coming up every August at these Fed meetings in Jackson Hole for a long time now. Suppose you know anything about those timid types who desire with all their hearts some centralized stability in global communism. In that case, you can understand why they cheat in elections, especially in 2020. They will do anything to win again and protect their worldview. ANYTHING!  The current status of Central Bank Digital Currency is that many central banks around the world are exploring the possibility of creating their digital currencies. The goal is to provide a secure and efficient way of conducting transactions while maintaining control over monetary policy. Some countries, such as China, have already begun testing their digital currencies. However, many questions and concerns still surround implementing CBDCs, including privacy, security, and financial stability. It will be interesting to see how this technology develops and how it will impact the global economic landscape in the future.

Joe Biden was put in place in 2020 over President Trump to establish a CBDC during his term.  The first term would set up the conditions; the second would get it done.  This is the one world currency discussed and why the World Economic Forum wants to go to a cashless society.  Most everything the radical leftists in the world, who now run many of these central banks complete with ESG scores as their primary drivers, is to impose a China model, communist-driven, CBDC into the American economy, which will then give complete control of governments over people by changing values of money with the push of the button.  This is why Biden’s radical communist party has no concern whatsoever about the debt and why Modern Monetary Theory, which they deny they know anything about, is such a lucrative strategy for them.  They can wipe away debt with the push of a button because the value is determined by those controlling money, not the actual production provided by economic activity.  And suppose it’s a one-world currency controlled by the influences of the World Economic Forum, which already controls the Federal Reserve in the United States. In that case, nothing can stop them from completely dominating the world’s money supply.  That is the end game that the Fed is talking about this year in Jackson Hole, Wyoming, as they look at the lovely mountains and sip lattes early in the morning as they watch elk cross the street.  Isn’t nature so beautiful?  It makes you want to impose ESG scores on banks to fulfill fake climate change criteria to advance the concept of a CBDC into a Liberal World Order. 

It is with a CBDC that the Biden administration hopes to disconnect people from their lives by turning them off entirely from economic activity.  If the only currency available is those controlled by corrupt centralized governments, people will have no choice but to capitulate.  That is how it is in China increasingly, and the Biden administration is drooling over the prospects in the United States.  They couldn’t quite get it done fast enough to be in Biden’s first term, so they plan to do it in the second if he lives long enough.  But that is why they want a brain-dead stooge in the White House.  For them, Kamala Harris will do just fine.  All she has to do is sign where they tell her to.  They could care less about anything else because if they control the money, they control all of society.  If you don’t like it, they don’t care.  They can turn you off at the gas pump with the flick of a button.  They can steal all your savings.  Take your home if you don’t vote how they want you to.  And life as we know it will then be controlled by the lunatics at Davos because of the Fed policies set at Jackson Hole every August, as they have been working toward this CBDC concept.  And yes, it’s every bit as bad and more than you can imagine.  Yet they think nobody will catch them on it until it’s too late, which has already blown up in their face.  That means that this year’s trip to Jackson Hole by the global bankers, especially those directly connected to the Fed, is to do damage control.  Not to present the status as much as how to keep it alive through this next election cycle and the threat to them of another Trump term.  Good for us, bad for them.  Very bad.

Rich Hoffman

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