Trump’s Federal Reserve Chair candidate Kevin Warsh:-Warsh was WORKING AT THE FED DURING THE FAILURE OF 2008 LOL (2006-2011)-Warsh was an advisor to Pres Bush in 2002-2006 in his NEC, dictating financial advice and led the country directly into the 2008 collapse-Warsh was employed from 95-2002 by NYFed primary dealer Morgan Stanley (another 2008-failure bailed out for $2.2TRILLION)-Warsh ‘negotiated’ the very NYFed QE schemes bankrupting the country today with the NYFed’s risk free skims of IORB and Reverse Repo for the NYFed primary dealers and their ilk, leaving the Federal Reserve franchises now $~245 BILLION IN THE HOLE (a quarter of a trillion dollars) as they bankrupt the fucking US treasury and the middle class while acquiring assets and misallocating capitalhttps://www.bbc.com/news/articles/c8dl3ez4mpno
>>533680268Only the Best People, you know this.
sounds perfect
>>533680268>Warsh was an advisor to Pres Bush in 2002-2006 in his NEC, dictating financial advice and led the country directly into the 2008 collapsepic related:>particularly, advised in securities, insurance, capital markets and bankingAre we ever going to take back our national currency from these fucking frauds?The fucking Federal reserve has failed in every metric.
-Warsh was WORKING AT THE FED DURING THE FAILURE OF 2008 (2006-2011)>Bernanke
>>533681188>Warsh >>Bernankefucking frauds
>>533681227>>Warsh >>>Bernanke>fucking frauds
Notice on the top half of pic rel the NYFed squeezes out the citizens' currency and pays its ilk IORB and RRP instead, while also buying houses and bonds.The NYFed clearly prioritizes enriching its private owner banks over the citizens having a currencywhy doesn't Trump ever mention this?b/c fucking Trump thinks the NYFed is the housethe FUCKING US TAXPAYER IS THE FUCKING HOUSE
>>533680268After researching QE, I realize it's the most jewish thing ever
>>533681526QE's IORB policy is UBI for the NYFedpic rel is Rand Paul's December report on IORBThe NY Fed's Quantitative Easing (QE) counterfeiting scheme:NYFed buys treasuries (and MBSs) outright from (only) NYFed primary dealers by creating reserves out of thin air, which seditiously undermines Congress’ sole power to regulate our currency. This is QE.NY Fed’s primary dealers then take those reserves and earn Interest on Excess Reserves aka IOER (now called IORB) on them at the NYFed, interest which IS PAID IN CASH to the primary dealers--cash, which they DO MAKE INTEREST ON, this is their counterfeiting scheme (also, every penny paid in interest (cash) to the primary dealers for excess reserves also reduces the Fed’s remittance to the US Treasury).The NYFed used QE to bail themselves out during the financial collapse of 2008 and is how its primary dealers have been effectively counterfeiting our currency ever since.
>>533682976kek yep. so fucking jewish. we're beyond coin clipping
>>533683058Plenty of Christians at the Fed. The ‘jewish’ people may be overrepresented, but bringing them up only diminishes the argument against the Fed as a racial plea, rather than the fraudulent con that it is. I see comments about jews as a way to distract from the very legitimate arguments against global fractional reserve central banking, some would even call it controlled opposition.Bringing up jews provides a convenient Achilles' Heel to the irrefutable argument against debt-based central banking.pic rel:the fucking NYFed primary dealers BEING PAID TO HOARD CURRENCY
>>533683569judeo christians are jewish familiars.
>>533683569are you fucking serious with this shit you gay retard?
>>533683610>judeo christiansJudeo-Christian is an oxymoronJudaism is the Old Testament (aka the Torah), it is about revenge, an eye for an eye.Christianity is the New Testament (aka the Bible), it is about forgiveness, turn the other cheek.Judaism is not the bearer of Christianity, but its antithesis.We're here to talk about the Fed, though.
>>533680268More importantly, his father in law is Ronald Lauder, the World Jewish Congress president and ultra-zionist member of the Mega group (epstein's sponsors).It is an absolute joke and stain on this country that orange kike donald trump nominated this demon to control our nation's financial policy.
A reminder, Federal Reserve Notes are what are being issued to worthless oblivion and>the US dollar is a fucking UNITWe need to AGAIN issue debt-free, Treasury-issued US Notes like we did before (and during) the bloodsucking, obsolete Federal Reserve. We need to AGAIN issue debt-free US Notes that are pegged to a basket of commonly-used weighted commodities, distributed by a series of state banks.We can:1 nationalize Fed banksOR2 dissolve Fed and have a series of state banksOR3 issue US Notes simultaneously AGAIN and eventually recycle worthless Federal Reserve Notes out of circulationOR4 YOU CAN RIGHT NOW: use cash/barter/stack/use credit unions/use cold wallets, these five things IMMEDIATELY transfer power directly to the peopleUSE CASH, NO MATTER WHAT COUNTRY YOU ARE IN, cash IMMEDIATELY puts the power in the hands of the people. Treasury-issued paper fiat (aka cash):>is permissionless>is private>is anonymous>has no transaction fees>works in power outages>doesn’t need the internet>don't need to be a coder to use it>doesn't depend on another party having a device>everyone knows exactly how much they have>has no transaction limits or thresholds for reporting>money laundering is harder with physical cash, due to transport>is inclusive, it does not see race>is harder to use in ransoms>can’t be hacked>don’t need to remember a password to use it>IS the ultimate in payment platforms>using cash helps people to save money and budget>puts the power directly in the hands of the people >keeps the currency near the REAL goods and services>less paperwork>is face to face, not face to screen>makes government theft harder>using cash forces the debt-based Federal Reserve to serve the citizensBoycott businesses that do not take cash.NEVER USE YOUR PHONE TO PAY. Barter is the real torpedo to these fucking clowns.picrel fucking kek ty to the anon that posted it
>>533683756Central bank in 1913 already did that.
First:US Gold Notes and US Silver Notes are interest-free, metals-backed, NON-fiat notes that could be issued by the US Treasury TODAY.US Notes are interest-free, fiat notes that could be issued by the US Treasury TODAY, they can also be metals-backed and were intended to be used as a tool for the citizens to trade.Federal Reserve Notes are DEBT-BASED, fiat notes issued out of thin air by the privately-incorporated, now-BANKRUPT Federal Reserve 12 regional franchises and are currently bankrupting the US Treasury.All of the above are ALL DENOMINATED IN US DOLLARS (aka $US), which is a fucking UNIT. And secondly, there are FOUR ways currency is created in the US:1 Congressionally-approved Public Issues treasuries for deficit spending via the issuance of marketable US treasuries sold by the NYFed’s primary dealers aka Debt Held by the Public (now ~$38 T)2 Intragovernmental Debt GAS securities (aka ‘Unfunded Liabilities’) that are created/issued for currency to run public agencies (over ~$134 T now) and ARE PURCHASED WITH YOUR PAYROLL TAXES3 The commercial tier 2 depository banking sector, it makes small loans in which only the interest remains in the banking system after the loan is paid back (the principal and repayments are destroyed when the loan is repaid) —this can remain when the Fed is dissolved4 QE, this is fucking counterfeiting by the now-insolvent NYFed's primary dealers since 2008 via IOER (now called IORB) and we pay all sorts of interest on this, increasing every day with raising rates PIC FUCKING RELATED NOW $249 BThe unproductive, parasitic class spear-headed by the NYFed are debauching our national currency by USING MONEY TO REPLACE ACTUAL SUCCESS. They are severing the currency form the citizens' hands.They want face to screen, never face to face.
>>533683569The problem is that central banking is by design very confusing to plebs. Just like any good scam. What we need to work on is not labyrinthine details of the scam, which will always evolve into an infinite variety of different permutations, but easily grasped fundamentals which peasants can grasp. For me the big question is: these guys are creating huge amounts of money out of nothing, so what are they doing with it? We are wasting time looking for a smoking gun. There's a whole shooting gallery of smoking guns. What we need to focus on is proving that one of these guns actually harmed somebody in a way that plebs can understand. The whole purpose of the system is to be as confusing as possible to normal people, so explaining it in all its intricacies will just put them off the chase. So we know these guys are generating massive amounts of cash out of thin air. So the question is what are they doing with it?
>>533683882>The problem is that central banking is by design very confusing to plebs.it's notUS taxpayers paid the IRS $562 Billion in interest alone in fiscal year 2021 to borrow the Federal Reserve’s debt-based currency out of thin air in the form of bond debt$562 billion($562,000 million)Pic relatedHow it is:>US government needs currency >US Treasury prints up some bonds>NY Federal Reserve creates Federal Reserve Notes out of thin air and its primary dealers then buy said bonds from US Government>US government now has new currency created out of thin air by Fed banks>Now, US taxpayers owe interest (and principal) on said US bonds, as well as paying a fee AND DIVIDENDS to the NYFed’s shareholders, the primary dealers (the big banks), this is the ‘Public Issues’ portion of the US Public Debt How it should be:>Congress makes annual budget>Tax revenues are collected and any budget shortfall (deficit) is then new debt-free US Notes issued by the US Treasury itself, no bonds needed, no US Public Debt to issue our own currencyAre Americans ever going to realize this fraud?>when a generation sells the futures of their country and their offspring for unsustainable and lavish wealth and their offspring are too stupid to realize it
>>533683882>The problem is that central banking is by design very confusing to plebs.It's not. We are borrowing a pricate bank's Note. That is all. They have fucking failed.
>>533683970>>The problem is that central banking is by design very confusing to plebs.It's not.
>lol
>>533683993>>>The problem is that central banking is by design very confusing to plebs.it's nota debt based currency is doomed to failit only benefits the Federal Reservesome pasta for new anons:The Federal Reserve Note being the fucking reserve currency BENEFITS EVERYBODY BUT THE US FUCKING TAXPAYERwe get fucked in every measure by the BANKRUPT FEDERAL RESERVE NOTE being the reserve currency:>our currency and LABOR is devalued year over year>we borrow our currency from the private, incompetent, usurious, bankrupt Fed >the whole world holds us hostage for debt, while we hold little to no foreign debt>never-ending increases in taxes to pay the private Fed's interest in its debt-death spiral>the incremental destruction of the value of our labor and purchasing power>trade deficits>kek paying out hundreds of billions in NYFed's QE policy of IORB to NYFed primary dealers and foreign fucking banks>degenerate gambling debt traders milking currencies with carry trades with other foreign debt-based central banks (also fucking their own citizens and hoarding reserves)>creates inflation via maintenance of a huge debt pool of securities in the NYFed SOMA that enables NYFed gambling, front-running and market rigging>enormous deficit spending due to the disadvantage of paying taxes on the huge pool of trreasuries needed to maintain the Federal Reserve's debt death spiralholy fuck that's just off the top of my head
>>533683970Okay, so the fed is a private bank which generated monopoly money out if thin air and our government is borrowing from it.That still leaves some big questions though.I heard in a documentary that over 90% of the expansion in money supply comes from private banks. It was talking about germany I think. It was talking about how german banks turn a depositor's money into 1000x as much money using the european central bank.The other big question I have is what kind of pressure are all the people that our government owes money to exerting on it. The Chinese, the fed, whomever. Are they blackmailing our government using the debt it owes?
The debt-based Federal Reserve (the Fed) and the IRS were both created in 1913.The new IRS conveniently forced everyone to use their new Federal Reserve Notes to pay their new US Federal Income Tax.The Fed was supposed to stabilize the US currency by backing every Federal Reserve Note (FRN) issued (TO BUY US TREASURIES) with 40% gold (40 cents of gold for each $1 FRN issued).In 1933, everyone’s gold was confiscated by the Treasury (except $100 worth/person) b/c the Fed convinced US Pres FDR that Americans were hoarding gold & they were forced to trade their gold in for $20.67/troy oz. Federal Reserve Notes were also now no longer exchangeable for gold.In 1934 the Gold Reserve Act allowed FDR to establish the gold value of the dollar solely by proclamation & raised the exchange rate to $35/oz troy, extracting wealth & value once again from the American public.In 1944, the IMF & the International Bank for Reconstruction and Development (IBRD) were formed at the Bretton Woods Conference.In 1958, Bretton Woods pegs all foreign currencies to the dollar, & the dollar pegged to gold at $35/troy oz. Debt-based Central Banks under the BIS pop up all over the world to facilitate the Fed & the BoE in their check kiting, fractional reserve, debt-based central-banking ponzi.In 1971, Nixon depegs the dollar to gold entirely, making the US currency free-floating fiat, which completely negated the original Federal Reserve Act of 1913, which was to back each Federal Reserve Note issued with gold.In 1974, Pres Ford legalizes gold ownership again without limitation & gold is NOW valued at $42/ozt. The NOW BANKRUPT Federal Reserve & its biggest shareholders, the NYFed’s primary dealers, for the last 50 years & up to today, continue to issue our currency out of thin air, while charging us interest to do so. Rewarding insolvent, failing banks & investment firms using QE and taxpayer money over & over again, acquiring assets during crises, while rigging global markets.
>>533680268Bull flag for metals?
>>533684159>That still leaves some big questions though.not really, kek
>>533684197always bull for metalslead and iron are good, too
Now the bankrupt Federal Reserve franchises have their dream come true, note the right side of the chart, high reserves and high IORB at the same timethe last time they tried to have both, JPM got raided by the FBI for rigging treasury and silver markets which caused the repo spike, all big banks failed again quietly and got bailed out again for trillions in Sept/Oct 2019 and then we had covid, which shut down the economy and conveniently hid their illiquidity lol
Kek, guess when Epstein and Bill Clinton and Larry Summers (the US Treasury Secretary 1999-2001) were all hanging out together on this chart? the late 90s- early 2000's, that's when:>bill clinton was pres>larry summers was treasury secretary>when Clinton counted Social Security twice and everyone thought we had a surplus (green text in picrel)>when they repealed Glass-Steagall b/c everyone thought we had a surplus for THE FIRST TIME IN 100 YEARS (pic rel), but that turned out to be a fucking lie, toowait until i update this chart lol
https://archive.4plebs.org/pol/thread/505237484/^^^ A thread about the NYFed and its ilk now trying to convince the boomers to switch from private Federal Reserve-issued, debt-based Federal Reserve Notes to NYFed-approved, privately-issued, debt-backed stablecoin tokens. This is going to be priceless to watch. Neither of these currency options benefit the citizens, they only benefit the private issuer. Will boomers sell out once again to the banks to save themselves from a failing system that they created? One last fuck you to the country as they insulate themselves in their private tokens?And in the next orchestrated crisis, are the boomers’ new asset tokens to become worthless, as the payment platform is the ultimate claimant to any reserve assets in a crisis or bankruptcy?When is the currency going to be restored to the people? Don't US taxpayers have a right to a debt-free currency issued by their own treasury?Pic related was just passed.This is just entitled boomer classists driving the fucking country into the ground for money (mostly from the now-bankrupt NYFed's QE policies) and now destroying the US taxpayer's currency (the fucking US$, which is A FUCKING UNIT) on the world stage with the Fed’s issued-into-oblivion, worthless Federal Reserve Note.How fraudulent do you have to be that you can actually destroy a fucking unit of measurement? lol holy fuck
hi anon, thanks for the topic
the Clarity Act (if passed) is going to make it so:-the SEC and the CFTC will decide what is a MATURE blockchain-the SEC and CFTC will decide which blockchain is legit-the SEC and CFTC will decide the international rules for all blockchain unilaterally-they will decide these rules AFTER the clarity act is passed kek-they will make everyone register within 270 days of the Clarity Act passing-you must hold blockchain for at least a year for it to be legit-anyone not registered (abandoned wallets will be worthless--and they also draw out the cold wallets waiting on the sidelines)^^^^^this is just in the first 145/550 pagesClarity Act thread:https://archive.4plebs.org/pol/thread/518107303/went through the first ~80/550 pages in ^^^^Then, Pages 90-144 (a JPM biometric and Clarity Act thread)https://archive.4plebs.org/pol/thread/518782717/THIS HAS NOT YET BEEN PASSED
>>533684557good evening anon>>533684574Chainalysis reports all the reasons crypto can be seized and the patterns and structure of known illegal wallets holding $75 Billion, they also say if another wallet even has 10% of its crypto from a dirty wallet it too can be seized when it goes to cash in on a crypto exchangeRecent Chainalysis thread:https://archive.4plebs.org/pol/thread/518476506/https://www.coinspeaker.com/chainalysis-flags-75b-in-illicit-crypto-as-governments-eye-strategic-reserves/https://www.chainalysis.com/blog/landscape-of-seizable-crypto-assets-2025/>SEIZABLEkek
Crypto stablecoin issuers of all stripes thought they were going to be able to have ‘rewards’ so the crypto industry helped lobby the Genius Act to pass, which said stablecoins cannot pay interest and basically hands the US currency over to private debt-backed stable coins WITHOUT EVEN FUCKING ASKING THE PEOPLE kekthe stablecoin issuers agreed to this in the Genius Act b/c they thought they would be able to give this a runaround with stable coin 'rewards', but the bank lobby just came in and killed this ‘rewards’ runaround by passing the Clarity Act in the house, but adding an amendment (that still needs to pass the senate) which will cement the banks’ power over stablecoin issuerslol that is what the stablecoin issuers get when they join with the banks to fuck the citizenslooks like Coinbase got fuckedthis is what happens when coders only work in their own interestswhy are coders ruining every use case for crypto?Why is every industry (tech, medicine, law, finance, real estate, insurance) loaded with absolute scumbags willing to drive their industry into the fucking ground in order to be in charge?All of these technologies and their legit two use cases (authentication and smart contracts), being destroyed.
>>533684159>heard in a documentary that over 90% of the expansion in money supply comes from private banksFor how money is created, start with these must-see films for every anon reading this rn:The Money Delugehttps://www.youtube.com/watch?v=t6m49vNjEGs97% Owned — How is money createdhttps://www.youtube.com/watch?v=XcGh1Dex4Yobrief clip that down-to-earth nails many of the basics—professor Werner brilliantly explains how the banking system and financial sector really workhttps://www.youtube.com/watch?v=EC0G7pY4wRE
>Clarke and Dawe - European Debt Crisishttps://www.youtube.com/watch?v=I5QwKEwo4Bc>The Money Masters Full Documentary The rise of the bankers [3h29m]https://www.youtube.com/watch?v=T2i6uftJhB8>How does the financial system workhttps://www.youtube.com/watch?v=M_3T-Af57Pg>Century of Enslavement: The History of The Federal Reservehttps://www.youtube.com/watch?v=s-pLJxqLiZc&t=1s>Money as Debt - Full Documentaryhttps://www.youtube.com/watch?v=4AC6RSau7r8>The Truth About the Deficit, Debt, and U.S. currencyhttps://www.youtube.com/watch?v=wgazsNiu3BA>Prof. Werner explains how the banking system and financial sector really workhttps://www.youtube.com/watch?v=EC0G7pY4wRE>Federal Reserve explainedhttps://youtube.com/watch?v=Oe0fGXzKb1o>Quantitative Easing explained https://youtube.com/watch?v=PTUY16CkS-k >Princes of the Yen: Central Bank Truth Documentaryhttps://www.youtube.com/watch?v=p5Ac7ap_MAY>The Four Horsemenhttps://www.youtube.com/watch?v=5fbvquHSPJU&feature=emb_logo>The Secret of Ozhttps://topdocumentaryfilms.com/the-secret-of-oz/>The American Dreamhttps://youtu.be/IaDt9T7BF38>All Wars are Bankers’ Warshttps://www.youtube.com/watch?v=5hfEBupAeo4>End of the Road: How Money Became Worthlesshttps://www.youtube.com/watch?v=NJd6RKsY5H4>The Fall Of The US Dollar: Is The Return To A Gold Standard Inevitable?https://www.youtube.com/watch?v=fjhLp8AHAYc>Fed Audit Shocker: They Come from Planet Klepto https://www.youtube.com/watch?v=jt377DV2BKs&t=6s>97% Owned: How is Money Createdhttps://www.youtube.com/watch?v=XcGh1Dex4Yo>All the Plenary's Men https://www.youtube.com/watch?v=nCiJ64pha5g>Inside Job (2010 Full Documentary Movie)https://www.youtube.com/watch?v=T2IaJwkqgPk&>The Great Takinghttps://www.youtube.com/watch?v=dk3AVceraTI
>>533682976essentially they purchase assets from large corporations but the corporations get to keep the assets, literally
The world has been hijacked by a cabal of meritless, elitist classists, financed by central banks, 'mergering and acquisitioning' their way to the top of each industry, only to dismantle and destroy each sector with greed and if not greed, incompetence, when any part of the system is placed under pressure. We are now witnessing the results of said cronyism, incompetence and monopolistic corporate avarice, especially with coronavirus response, central banking ponzi fraud/wealth extraction and the endgame policies of liberal hellhole cities.The NYFed is destroying our country from the inside out. 'Quantitative Easing' is the rigging of the treasury and housing markets by the NYFed's repurchase/resale of US treasuries and MBSs. QE aids in the disproportionate misallocation of working capital mostly to the financial markets. At some point, this becomes sedition, as the NYFed is undermining the power, the roles and the ability of both the US Congress and the US Treasury to perform their stated missions, which is to work for and represent the US people by issuing currency and regulating its value.It is way past time to dissolve the debt-based Federal Reserve central banking scheme.200 post thread:https://archive.4plebs.org/pol/thread/403417962/#403466964~180 post thread from April 2023:https://archive.4plebs.org/pol/thread/428705533/
>>533685099>essentially they purchase assets from large corporationskek sometimes there are many arms to the Federal Reserve con
Trump, Musk, Visa, Karp, and the NYFed's largest primary dealers are working toward a tokenized-asset platform out of the new Texas stock exchange. Trump and Musk have been quietly working with some of the NYFed’s primary dealers and other fintech players to cement a new global, digital platform with DIGITAL WALLETS (which inherently require a DIGITAL ID) after the big banks and the SEC, etc just spent four years calling crypto a scam and killing off any undesired blockchain competition.https://archive.4plebs.org/pol/thread/499902179^^^^ITT^^^, I outline how this asset-tokenization scheme is designed and its intended consolidation of Federal Reserve Uniparty power behind the scenes out of public view, as Musk and Trump claim the elimination of corruption and fraud, while eliminating any blockchain competition and simultaneously trying to establish a new need for their digital wallets and digital IDs.As Trump and Musk superficially criticize the poor accounting, waste and fraud in the US government, they conveniently omit that JPM is the account validator for these fraudulent US government contracts/accounts and they ALSO never admit that the BANKRUPT, private 12 Federal Reserve franchises are the US government’s fiscal agents, cutting the 'untraceable' fraudulent checks.Instead of identifying and rooting out the real financial entities facilitating this waste and fraud, Musk and Trump actively blame the ballooning debt and deficit spending on everything BUT Fed ‘accommodation’ and QE, while they simultaneously aid the 2008 banking failures in their current looting of our US Treasury via IORB and RRP, their further acquisition of tangible assets and their destruction of the value of our labor and national currency.pic relMusk and his MOTHER privately met with Dimon and 200 of JPM's largest investors in Miami on Thurs Feb 6th, days before he began his 'audits' of the US Treasury and USAID revelations.
>>533685217>many arms to the Federal Reserve con<<<--holy fuck, when will it end?When will the currency be restored to the citizens? Will the Fed sever the value of labor from currency?Will the Fed substitute its authority for money?Change the purpose of money to permission, rather than trade?
>>533685044checkedHidden eurodollar empire of the United Kingdom—The Spider's Web: Britain's Second Empirehttps://www.youtube.com/watch?v=np_ylvc8Zj8
lolguess which side the Fed wants?
>>533685384kek i had that, too i cut it off by accident thx
<<<---this Fed paper said if BTC were allowed to carry on as it is, then the US government would have to balance its budget and BTC would eventually go to zero, lol The Fed is now proposing a “Permanent Primary Deficits” scheme so they may continue to bankrupt the US Treasury with impunity.
>>533685384>>533685456https://en.wikipedia.org/wiki/City_of_Londonhttps://en.wikipedia.org/wiki/City_of_London_Corporationhttps://en.wikipedia.org/wiki/Panama_Papers
>>533685595>this Fed paper said if BTC were allowed to carry on as it is, then the US government would have to balance its budget and BTC would eventually go to zero, lol
>>533685634lol
>>533685658this paper was funny
^^shit is hilarious
>>533685680and what the EU thinks of BTClol what short memories we have
>>533685710it was<<-kek
so many Federal Reserve jokes, so little time
we need to make a law that ONLY debt-free US Notes are issued for deficit spendingthis is very simple:we can right now, today, legally ONLY issue US notes for deficit spending, only to be used in the USwe can do this until we have our debt under controlthen we can slowly phase out the private federal reserve franchisesno new debt needed to create our own currency The US is wealthy IN SPITE OF THE FED, not because of it
pic rel is when Trump took office and cut $18T off of Intragovernemental Debt, which is now about $134T (this does NOT include the ~$35T the public is always bitching about)
>>533683882>creating huge amounts of money out of nothing>so what are they doing with itAnon, for you and anons asking similar question start with the two documentaries here:>>533684847after watching those and consulting other references itt, you'll have a far better idea of how the post-1970s Financialized global economy operates and the meaning of it all.All wealth today is created from speculative debt instruments fueled by infinite supplies of debt note fiat currency from private central banks; most corporations and HNW entities have zero focus on or interest in manufactured product/sales, the Real Economy of goods-services-commodities. Only thing they want or have goal to do is make money off of money, itself alone.>"The real money to be made in the world today is not by producing anything at all. It's simply by forms of speculating — basically making money from money. That's the most profitable, and by far and away the biggest form of economic activity that exists in the world today."— Nick Dearden, quoted in the documentary '97% Owned'https://en.wikipedia.org/wiki/Derivative_(finance)https://en.wikipedia.org/wiki/Glass–Steagall_legislation
>>533686184
>>533685821kek, first saw that on one of your recent threads
>>533683882>actually harmed somebodyThese MBS tranches (bought using QE) are held outright by the NYFed (NYFed acts as both note holder and MBS investor, multiple CUSIPs in each tranche, hundreds of properties in each CUSIP). If the mortgagor defaults (which 99% of them do/already have, which is why the NYFed bought them from their primary dealers in the first place), the deed then belongs to the Fed, who then either sits on the property (affecting housing values and skewing the housing market) or gives it to one of its triparty dealers to be rented (REITs) or to be picked over in foreclosure court. The NYFed now owns ~30% of all mortgaged homes, this was illegal before 2008.The primary dealers that own the NYFed and the financial firms they choose to fund and that also make real estate purchases for the NYFed (i.e. BlackRock, Blackstone, Carlyle Group, American Homes 4 Rent) want to own all the properties, then the US government can become their customer through housing assistance; in this way, they form a closed loop of both supplier and customer, keeping the general public from owning any property, while profiting.Under the guise of Covid, the NYFed and its ilk bought single family homes (MBS) and Commercial Mortgage-Backed Securities (CMBS), too, such as apartment buildings, trailer parks, nursing homes, offices, strip malls, warehouses, student housing, and RV parks and are keeping these real assets in their privately-incorporated LLCs (aka Special Purpose vehicles (SPVs)).Update pic related to ~$2.0T todayThe purchase of these distressed properties by the NYFed causes false scarcity and false demand, which drive up housing (and rental) prices and prevents young and upcoming families from buying, fixing up and investing in these properties, as well as stopping new families from putting down roots in a community.the above is still correct
>>533686331and investopedia, tooanother joker
>>533686435lol
>>533686383MBSs are what caused the 2008 failure, MBSs helped caused the recent regional bank failures. The accumulation of $Trillions in MBSs is a direct RESULT of QE.MBSs are being used to destroy home ownership and community.the largest single family rental firms own this many properties:Invitation Homes 94K (aka Blackstone kek) pic relProgress Residential 88.9KAmerican Homes for Rent 61KTricon Residential 56KAmherst 51.5KFirstkey Homes 49KVinebrook 21.8KMaymont Homes 20KStarwood 9KSFR3 8.9Kthe above list is currentSource SFR Analytics
another fucking joker
Bessent too has proven to be toothlessit will be fun watching the federal reserve uniparty try to talk the boomers into a volatile, privately-issued, energy-intensive, debt-based blockchain-substitute for cashNo one is really expecting boomers to:1 admit what they have done2 apologize for it3 see what they can do to fix it nowBut everyone is expecting boomers to:1 double-the-fuck-down on their greed, arrogance and hubris
I gg, got to work earlyremember, a strong NATIONAL currency HAS MANY FORMS, never just one (fiat paper, metal, digital, check, money order, smart contracts, NFTs…)if one wants real change and a strong national currency, there must be multiple forms of a currency, not just one 'savior' form, as is being proposed now with PRIVATELY-ISSUED tokenized debt-backed stablecoins'fiat' isn't the problemWHO IS ISSUING the 'fiat' IS THE PROBLEM and that the Fed's private fiat IS INTEREST-BEARING is the fucking problemFIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCEFIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBT Fiat is given value BY A NATION'S CITIZENS.If the nation's treasury is the one issuing it, fiat is not a problem.good day anon, good to see yousee you next time
i meant>>533686483good day anon, good to see yousee you next time
>>533683882>>533686206Important concept to comprehend, tangential to the reply I just made+those references/films:Cantillon Effect (short clips)https://www.youtube.com/HbTOQfJ3jQkhttps://www.youtube.com/9X7g8idy9M4Think of this in context of the 2020 lockdown bailouts, and who-what had 1st-privilege access to those trillions $$$
>>533683882>>533686955>Cantillon Effect (short clips)https://www.youtube.com/watch?v=HbTOQfJ3jQkhttps://www.youtube.com/watch?v=9X7g8idy9M4
>>533687004>Cantillon Effectanother pretty good video that briefly explains Cantillon Effect itself, and some of the real world/Real Economy of goods-services-commodities impacts for average person of *where everyone is located* when money is created by the Financialized system / central banks:https://www.youtube.com/watch?v=5KC3XELv0Sw
