Federal Reserve

The Federal Reserve (the Fed) – the United States’ version of a Central Bank – is a strange duck. It is the U.S. government’s most powerful regulatory agency. It, after all, regulates money and interest rates. Yet, its budget comes entirely from the banking industry and relationships with the financial industry. So Congress, which appropriates money for all other federal agencies, has little leverage over the Fed’s operations.

Submitted by John Beasley…

The United States of America seems to have a suicide wish as it wanders aimlessly down a continually narrowing path that can only lead to national ruin. Is this a premeditated act of self-annihilation or simply a series of foolish choices?
Before a nation can be effectively destroyed from within it is necessary first that it be owned lock, stock and barrel. An independent, freedom-loving people are less easily controlled than one that is effectively ball and chained, which brings us to the first step in the program.
Create a Central Bank

The Democratic Party has clearly swung to the progressive left, with candidates in the first round of presidential debates coming up with one program after another to help the poor, the disadvantaged and the struggling middle class. Proposals ranged from a Universal Basic Income to Medicare for All to a Green New Deal to student debt forgiveness and free college tuition.

I had Doctor Daniel Brown from Harvard spend 70 hours with Sirhan over almost three years [and] he comes away with this staggering, staggering evaluation. He says Sirhan was hypnoprogrammed ….. a technique of using chemicals as well as hypnosis ….. The program on him makes him forget everything within a certain time frame ….. He remembers when he gets a pinch on the neck [that] what he sees is not Senator Kennedy. It’s a paper target of a human being.
— William Pepper, 2013, speaking at Concordia University in Montreal, Quebec, Canada

Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks.

This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1.
*****
The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The government just keeps paying the interest on it, and interest rates are rising.

This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1. The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The […]

The California Senate passed a bill that would create a self-contained banking system for the cannabis industry. This is in response to the fact that the Federal Reserve has been denying charters to banks serving that industry.

Alan Meyer is a forensic accountant, specializing in fraud investigation, said, "The Fed is even worse than I thought. It actually cooks its books!"