April 22nd, 2020
We are still in the midst of this Pandemic situation, and while it is certainly true that people are sick and the virus is very real, most would agree that we are being sold fractions of truth packaged nicely with whatever agenda and spin the source happens to be promoting. The information war continues, a hefty percentage of the population are living in fear, others are making the best of it despite their uncertainty, and some can even see a light at the end of the tunnel.
President Trump is in a great position thanks to the National Emergencies Act, which was signed by every state and territory. As a direct result of this the “white-hats” in the Government were able to achieve several important objectives, primarily: the Nationalization of the Federal Reserve, and getting the Defense Production Act signed.
Our current debt-based monetary system will inevitably lead to a complete and total economic collapse. We desperately need to make a change while we still can. By now, everyone should understand that the Federal Reserve is not part of the government but privately owned control mechanism for the central banking system and it’s cartels. Almost every country has one (central bank) and they are wonderful tools for controlling Governments. Here are some reason why the FED being Nationalized could be a good thing:
- Doing so would allow the federal government to quit borrowing money, dramatically reduce taxes and eventually pay off the entire U.S. national debt. Instead of inheriting the largest debt in the history of the world, future generations would actually have a chance at economic prosperity because they would not be forced to pay off the horrific debt of previous generations. The Federal Reserve is a perpetual debt machine, it has almost completely destroyed the value of the U.S. dollar and it has an absolutely nightmarish track record of incompetence.
- Our current debt-based monetary system is a perpetual debt machine. When they need money the U.S. government swaps U.S. Treasury bonds for “Federal Reserve notes”, thus creating more government debt. Usually the money isn’t even printed up – most of the time it is just electronically credited to the government. The Federal Reserve creates these “Federal Reserve notes” out of thin air. These Federal Reserve notes are backed by nothing and have no intrinsic value of their own.
- When each new dollar is created, the interest owed by the federal government on that new dollar is not also created at the same time. Therefore, more debt is actually created than the amount of money that the federal government receives from the Federal Reserve. This is a Ponzi scheme that is designed to drain wealth from the American people and transfer it to the banking system aka the perpetual debt system.
- Our current debt-based monetary system requires very high personal income taxes to pay for it. It is no accident that the personal income tax was introduced at about the same time that the Federal Reserve system came into existence. If we nationalized the Federal Reserve and capped federal government spending at a reasonable percentage of GDP, it would be entirely possible to massively cut taxes and still keep our promises regarding Social Security and other important social programs at the same time.
- Under our current system, the U.S. national debt will never, ever be paid off. We are many Trillions in debt and at this point we add more than a trillion dollars to that number every year. While there is certainly a danger that we would have inflation under a debt-free monetary system, the reality is that we are absolutely guaranteed inflation under the Federal Reserve system.
- Most Americans believe that inflation is a fact of life, but the sad truth is that the United States has only had a major, ongoing problem with inflation since the Federal Reserve was created back in 1913. If you do not believe this, just check out this chart. Sadly, the U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created.
- We (hopefully) won’t have trillions of dollars of secret loans being made to big financial institutions on Wall Street and in foreign countries. Most Americans don’t realize this, but the Federal Reserve made $16.1 trillion in secret loans to their friends during the last financial crisis. Meanwhile, hundreds of small banks were left out in the cold and the American people got no help.
- The Federal Reserve needs to be nationalized because it is an unelected, unaccountable “fourth branch of government” that has gotten completely and totally out of control. Even some members of Congress are now openly complaining about how much power the Fed has. For example, Ron Paul once told MSNBC that he believes that the Federal Reserve is now more powerful than Congress…..
“…The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress.”
And now we are here today, Trump has actually done it, further proving that he is probably not a lackey of the central banking mafia. A lot of people out there think the worst, that we will go into a crazy economic recession but it’s scare tactics and more than likely the opposite will occur.
Many individuals throughout history have proposed to seize the functions of the Federal Reserve System and use it as a national bank to finance the long-term needs of the American people. The policy of federal lending, as distinct from federal spending, can be used to break the current political impasse. Federal lending allows us to make massive long-term commitments at modest short-term costs. For states and businesses, the cost of capital can be radically lowered – down to 0% for public infrastructure, and a competitive advantage of the United States in world markets can be secured. The overriding goal is the creation of 30+ million new jobs in production, with high capital investment, high energy intensity, high value added, and high technology.
The theoretical basis and historical validation for the program advanced here is the traditional American System of Alexander Hamilton, Friedrich List, Henry Carey, Henry Clay, Abraham Lincoln, the populists, and the New Deal. The method of transforming the central bank into a national bank to finance a recovery derives from the work of Woytinsky and Lautenbach, interpreted in the light of the experience of the US Lend-Lease Program. We are seeing what once felt like an unachievable fairy tale unfold in modern times, and most people seem to be completely in the dark as to how important and unprecedented this situation really is.