…With all the conspiracy theories that somehow the bankers are the real culprits in creating excess money supply, there has been an evolution in central banks that has finally crossed the line since 2019. The Federal Reserve was, once upon a time, responsible. The Fed was originally designed as an authority to create money, which was an elastic money supply. That made perfect sense when the Fed was designed in 1913.
Yes, the bankers owned the shares BECAUSE the Fed was actually designed to do what JP Morgan did in herding the bankers together to save the day during the Panic of 1907. Morgan convinced the bankers that if they did not chip in money to bail out the troubled banks, panic would unfold, and ALL the banks would be hit as a contagion. They listened and joined his effort to stem the Panic of 1907. The design of the Fed was to recreate what JP Morgan put together. The shareholders were the bankers because it was a bail-out fund for the bankers, and TAXPAYER money should not be used to bail out the bankers.
Democrat President Woodrow Wilson signed the 1913 Act, creating the Federal Reserve as well as the income tax.
… As a young man I spent time learning the nuts and bolts of investing: Price to earning ratios, book values, charting, puts, calls, covered positions, and so on. And when I had extra money, I tended to put it into the markets and use my tools. But I can no longer do that, and I think explaining why may be useful.
There are three reasons for this conviction of mine, and so I’ll list them below. But I’m listing them in reverse order, because reason number one stands above the others: By itself it would prevent me from investing in the usual way. I think all three reasons are strong, but reason number one is pivotal.
Reason number three is simply that the markets no longer make sense…
The Fed is quietly taking control of more and more of the financial system and the economy. From Charles Hugh Smith atdailyreckoning.com:
For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby. There are two consequential results of theFed as savior:
1. The Fed has perfectedmoral hazard: everyone from the money manager betting billions to the punters gambling their stimmy money is absolutely confident I can’t lose because the Fed will always push the market higher…
2. Organic (i.e. non-manipulated) market forces have been extinguished. There is now only one consequential force, the Fed. All markets are now 100% dependent on the Fed responding to every bleat from every punter who’s recklessly risky bet is about to go bad.
The Fed is now the perfect union of quasi-religious savior andHelicopter Parent: oh dear, our little darling got high and crashed the Porsche? Quick, let’s save our precious market from any consequences!
Authored by Charles Hugh Smith via OfTwoMinds blog, The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is…
Many threats are obvious and popularly understood; however, many others are self-inflicted, uncomfortable to acknowledge, or come hidden under the guise of opportunity. These threats can register the greatest damage, as fewer defensive measures have been taken against them. In sum, it’s productive to worry about things that others (e.g., the media, colleagues) do not.
Below are the threats that I believe to be most present and not clear…
The US dollars is printed by US government at little cost. It is keeps printing and force its citizens and weaker trading partners to accept its printed papers as its full payments for real, actual goods and full settlements for its debts.
Currently, the US government is in debt by 28.1 trillion US dollars. The public holds over $21 trillion, or almost 78%, of the national debt.(U.S. Department of the Treasury. “The Debt to the Penny,” Select “Data Tables.” Accessed April 7, 2021.)
Foreign: $7.07 trillion (in September 2020, Japan owned $1.28 trillion and China owned $1.06 trillion of U.S. debt, which is more than a third of foreign holdings (U.S. Department of the Treasury. “Major Foreign Holders of Treasury Securities.” Accessed April 7, 2021.)
Forcing some weaker counter-parties (non-US nations) to be in disadvantageous position is coercion. Coercion against foreign nations of other races IS ACTUALLY RACIST.
Systemic Racism can only be dismantled when International Trades are based on real moneys like gold or on direct exchange of goods.