The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label end the fed. Show all posts
Showing posts with label end the fed. Show all posts

Tuesday, November 29, 2016

Donald Trump interviewing a potential Treasury Secretary who advocates gold standard and ending the Fed

If there is one thing you can say about President-Elect Donald Trump so far is that he has been very thorough in interviewing candidates for his administration.  From appointing a loyal supporter like Dr. Ben Carson to the position of Director of HUD while at the same time dumping former loyalist Chris Christie, to being willing to listen to and talk with a staunch adversary like Mitt Romney, to date Trump is sticking to his word in trying to finding the best person for the job no matter what side of the aisle they are on.

Yet one cabinet position remaining to be filled in his administration has seen as much contention as that of Secretary of State.  And so far the only real candidates interviewed have been those from the establishment, and tied to the banking cabal that are at the core of Washington's elite swamp.

Until now.

On Nov. 28 Donald Trump met with the former CEO of BB&T to perhaps discuss his potential to become the next Secretary of the Treasury.  And what makes John Allison unique is that as opposed to a banker from Goldman Sachs or J.P. Morgan who would strive to keep the status quo, Allison is a staunch advocate of returning the monetary system to a gold standard, and eliminating the Federal Reserve as the country's money printer.

On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute. 
There have been reports that Allison is being considered for Treasury secretary.
Trump's has on the campaign trail questioned the future of the Federal Reserve's political independence, but Allison takes that rhetoric a step further. While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed. 
"I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed," Allison wrote in 2014 for the Cato Journal, a publication of the institute. 
Allison said that simply allowing the market to regulate itself would be preferable to the Fed harming the stability of the financial system. 
"When the Fed is radically changing the money supply, distorting interest rates, and over-regulating the financial sector, it makes rational economic calculation difficult," Allison wrote. "Markets do form bubbles, but the Fed makes them worse." 
Allison also suggested that the government's practice of insuring bank deposits up to $250,000 should be abolished and the US should go back to a banking system backed by "a market standard such as gold." - Business Insider
What makes John Allison different than the string of too big to fail bank executives that have proliferated the office of the Treasury over the last several administrations is that BB&T is considered to be a mid-size regional bank, and not among the protected financial oligarchies that have a history of fraud and corruption, and who are reliant upon the expansion of cheap credit from the Fed to be able to continue running their criminal schemes.

With both Russia and China very open to a return to some form of a gold standard in international trade or reserve currency standard, the confirmation of a pro-gold standard Secretary of the Treasury would go a long way in helping Donald Trump to negotiate a currency reset to deal with the untenable debt that both the U.S. and most of the world are being suffocated under.  And this would also mean that the gold price would finally be released to climb to its true value, as the supply of metal would need to be valued much much higher to backstop the amount of currency and debt that are currently floating around the global financial system.

Sunday, December 27, 2015

Democratic Presidential candidate Bernie Sanders channels his inner Ron Paul

Former Congressman and Presidential candidate Ron Paul was known primarily for his movement within the financial and political realms, and it involved a crusade to both audit and end the Federal Reserve bank.  And while his tireless efforts led to a miniscule audit of the private central bank which revealed how it had bailed out domestic and foreign banks, as well as many multi-national corporations, the end result accomplished little as his retirement signaled the end of the war on the Fed.
Or has it?
On Dec. 23, Senator and Democratic Presidential candidate Bernie Sanders wrote an op-ed in the New York Times picking up Ron Paul’s mantle and channeling his own crusade to bring about a full and independent audit of the 100 year old central bank.

Read more on this article here...

Friday, March 30, 2012

Fed monetizing US debt is increasing

With the government in full debt mode by its borrowing close to $150 billion a month just to cover current obligations, the Federal Reserve has been forced to go full bore in buying that debt, and monetizing government spending.

Last year the Fed purchased a stunning 61% of the total net Treasury issuance, up from negligible amounts prior to the 2008 financial crisis.

This not only creates the false impression of limitless demand for U.S. debt but also blunts any sense of urgency to reduce supersized budget deficits.

What about Japan and China? Aren’t they the major purchasers of U.S. debt? Not any more, notes Goodman. Foreign purchases of U.S. debt dropped to less than 2 percent  of GDP (Gross Domestic Product) from almost 6 percent just three years ago. And private sector investors — banks, money market and bond mutual funds, individuals and corporations — have cut their buying way back as well, to less than 1 percent of GDP, down from 6 percent. This serves to hide the fact that the government can’t find outside buyers willing to accept rates of return that are below the inflation rate (“negative interest”) given the precarious financial condition of the government. - New American


Congress last year did not have the stomach to halt raising the debt ceiling, and it appears that they will not keep the debt from crossing $16 trillion by the time of the election.  As foreign entities such as China and Japan deal with their own economic downturns, and Europe is requiring bailouts not buyouts just to survive, the Fed will have no choice but to keep monetizing US debt to stave off collapse and default by the world's largest creditor nation.

Friday, February 24, 2012

Oil prices: Expect gasoline prices to rise for a long time moving forward

There are several factors that are leading the way in higher oil prices, and for the American people, higher gasoline prices.  These factors are so powerful and so numerous that there is little expectation they will fall anytime soon.

1.  Growing concerns with Iran and the Middle East

With Israel, the US, Syria, Iran, and now Turkey all hedged for a showdown in the Middle East, one small event could trigger an instant stop in the flow of oil to both Europe and globally.  Iran is already cutting off oil shipments to Britain and France because of economic sanctions, and this has led to a rise in WTI where record highs are already taking place in respect to Euro prices.

2.  US exporting more oil than it imports.

You would think that the US government would consider its people first when it comes to the economy and to gasoline prices, but a new study proves this is not the case.  For the first time ever, US oil companies exported more oil than we imported, and validates concerns that the Obama administration is bought and paid for by the oil cartels.  All one has to do is go back to last year when the President loaned Brazil $2 billion to help their offshore drilling, while at the same time, cutting off our own drilling in the Gulf of Mexico.

3.  Devaluation of the dollar and price inflation.

Unlike 2008 when Congress declared the need to print money to stave off bank insolvency, the Federal Reserve is not publically announcing their bond buying and QE efforts.  However, the markets are now showing exactly what the Fed's actions are resulting in.  Food price inflation, coupled with the massive rise in gasoline prices is intimately tied to how central banks are devaluing the dollar.  Simply look at this.  In 2007, when oil reached a new high of $145 per barrel, gas prices were ranging between $4.50 and $5.00 nationwide.  Now, oil has only risen to $108 a barrel, and yet in some places in Florida and California, the price has crossed $6 a gallon.

4.  Keystone pipeline

President Obama has nixxed the building of a pipeline coming from Canada which would increase oil imports at lower prices into the US, and instead has chastised oil companies and speculators as being the problem for gas prices.  This of course is simply a scapegoating mechanism by the President in an election year, and the markets are rejecting his assertions by going higher... almost by the minute.  You can see this video by ABC where a reporter talking about gas prices has the prices change by .10 in less than 2 minutes while on the air.

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Like in 2007, America is coming to a crossroads in energy prices, inflation, and a coming crisis that today's gridlocked Congress, and denying President are ill prepared to address.  Leadership requires acknowledging the problem, understanding the problem, and offering solutions to the problem.  That is, unless like President Obama's prior actions, he and Congress are part of the problem.

Tuesday, January 24, 2012

Governments look to put the hammer down on ratings agencies

It took long enough, but it appears that sovereign governments just won't go down without a fight to save their corrupt economies.  In a event that makes you reminisce about the days of Benito Mussolini, the Italian police brought the hammer down and busted into the offices of Fitch weeks after the ratings agency began downgrading their sovereign debts, and uncovering the toxicity of their Euro bonds.

The Italian tax police was in the offices of ratings agency Fitch in Milan on Tuesday to carry out checks ordered by prosecutors investigating rival agencies Standard & Poor's and Moody's, a senior prosecutor told Reuters.

"Men from the financial police are at Fitch in Milan," said Carlo Maria Capristo, chief prosecutor in Trani.

The Trani prosecutors are investigating possible crimes of market manipulation and illicit use of privileged information when Standard & Poor's downgraded Italy earlier this month. - Reuters via Zerohedge


Now, we know the Fed releases inside information to their lackeys in advance of montary policy changes and news, and ratings agencies such as Fitch and Standard and Poor may be doing so as well, but it is humorous for nations such as Italy to be using that as a scapegoat to cover up their own poor abilities in dealing with economies, debt, and monetary systems.

Friday, October 7, 2011

At least one speaker at the Occupy Wall Street rally gets it right.

End the Fed!  After several days of protesting in Manhattan by the Occupy Wall Street band of protesters, someone on site finally provided a solution to the problems our banking system.

Funny though... even though many participants have no idea they are simply 'useless idiots' for the Soros funded protests, very few onsite have any answers as to why they are occupying All Street.

But one does... and we wonder if he is a lone wolf in the sea of union sheep, who are clueless and mindless, and simply go where ordered by their union masters.