Death of the Dollar.
Destruction and Subversion of the United States by the Federal Reserve and our Central Planners.
What we, the people of the world, are witnessing is the death of the US dollar in real time. The destruction and subversion of the dollar, and thus the United States as the preeminent global superpower, is much at the hands of the Federal Reserve and our Central Planners who utilize a wide variety of tools and actions in their efforts.
Below is a topical outline of the problem and what is occurring at this very moment in history:
-QE (Quantitative Easing) to counterfeit our currency and undermine its value
-MBSs (Mortgage-Backed Securities) to acquire land and buildings
-Intragovernmental debt to continue to skim off the Social Security Ponzi
-Congressional Public Issues to destroy the futures of the nation and the youth
-The repo casino to pawn treasuries and undermine long term investment
-Reverse repos to pay MMFs (Money Market Funds) to NOT invest in the US economy
-Metal market rigging via paper contracts to keep the price of silver and gold low
-Margin loans to fund risky hedge funds and family offices that endanger the global economy
-FX market rigging to check kite at their other implemented debt-based central banks
-The US taxpayer to fund Ukraine and steal its resources
-Inflation to destroy the middle class
-Interest rate hikes to kill off small banks
-China and other nations seek end to malignant US global hegemony
-Regional bank vulnerability to target entire sectors
-The Sect 13.3 emergency powers to misallocate capital, reward failure and acquire assets during their engineered crises using SPV (Special Purpose Vehicles) LLCs
Let us begin to explore what all of this looks like and how as it plays out the dollar is crushed, thus accelerating the end of the US Hegemonic empire and resetting the global stage.
QE (Quantitative Easing) to counterfeit our currency and undermine its value.
The Fed's Quantitative Easing (QE) counterfeiting scheme revolves around the
Fed buying treasuries (and MBSs) outright from ONLY Fed primary dealers by creating reserves out of thin air, which seditiously undermines Congress’ sole power to regulate our currency. This is Quantitative Easing.
Primary dealers then take those reserves and earn Interest on Excess Reserves aka IOER (now called IORB - Interest of Reserve Balances) on them at the Fed, which IS PAID IN CASH to the primary dealers--cash, which they 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 Fed used QE in response to the financial collapse of 2008 and it is how primary dealers have been effectively counterfeiting our currency ever since.
In addition to the scheme above, the Fed and its owners, the primary dealers, then use these US treasuries and MBS bought with QE like chips in a big casino with repos, reverse repos, margin loans, and foreign swap transactions to further rob the American public.
MBSs (Mortgage-Backed Securities) are utilized to acquire land and buildings.
These MBS tranches (bought using QE) are held outright by the Fed [the Fed 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 Fed 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 Fed has snapped up $1 trillion of mortgage bonds since March. It bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month. The Fed now owns almost a third of bonds backed by home loans in the U.S.
The primary dealers that own the Fed and the financial firms they choose to fund and that also make real estate purchases for the Fed (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 Fed and its ilk buying single family homes 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 keeping these real assets in their privately incorporated LLCs (aka Special Purpose vehicles (SPVs)).
Intragovernmental debt to continue to skim off the Social Security Ponzi
Wait until taxpayers figure out that the payroll taxes collected for social security, Medicaid and unemployment are then used to purchase US treasuries from the Fed’s primary dealers and THE US TAXPAYER IS THEN CHARGED INTEREST AND FEES ON THESE US TREASURIES BOUGHT WITH THEIR PAYROLL TAXES.
This is called the Intragovernmental Debt (this is the left-hand column in the associated above image), it is included in the US Public Debt along with the other interest paid to issue our currency in the form of bond debt (these are called Public Issues, which are created by the Fed and Congress through the issuance of bond debt in the, you guessed it, treasury market).
The image is total interest paid for FY 2022 to issue our currency in the form of bond debt (Public Issues plus Intragovernmental Debt)
$718,000,000,000 paid in interest to issue our own currency OUT OF THIN AIR in the form of bond debt in FY 2022.
The repo casino to pawn treasuries and undermine long term investment.
This analogy will hold true for both repos and reverse repos:
-The NYFed is like a casino and represents the house.
-The NYFEd’s primary dealers are the players who really work for the house, who never lose, but are used to attract other players to the table (retail public).
-The chips are treasuries and MBS, different values for different maturities.
-Once in a while, a rogue player manages to get a seat at the table (the American public and retail investing) and wins (Gamestop, for example or BTC).
The metal market rigging via paper contracts and FX markets to keep the price of silver and gold low.
Between 2008 and 2016, JPMorgan engaged in a pattern of manipulation in the precious metal’s futures and U.S. Treasury futures market. JPMorgan’s own account would place orders on one side of the market which they never intended to execute, to create a false impression of buy or sell interest that would raise or depress prices. This was almost always done to keep prices low.
This manipulative practice, which is designed to create the illusion of demand, or lack thereof, is known as “spoofing.” JPMorgan had to pay a $920 million dollar fine for this practice, which was known to authorities for years. It only became actionable once a significant portion of the public became aware.
At this time JPMorgan and CITI hold 90% of all precious metals held within US Banks.
Margin loans to fund risky hedge funds and family offices that endanger the global economy.
During the 1920s, there was a rapid growth in bank credit and easily acquired loans. People became encouraged by the market’s stability were therefore unafraid of debt.
The concept of “buying on margin” allowed people with little financial understanding to borrow money from their stockbroker and put down as little as 10 percent of the share value. Just weeks before the stock market crashed – the Federal Reserve Bank of New York raised the interest rate from 5 percent to 6 percent.
Some say this steep, sudden hike cooled investor enthusiasm, which affected market stability and sharply reduced economic growth. At the same time there was a glut of items in manufacturing and agriculture. These were sold off at pennies on the dollar or simply purged at a total loss. Public panic in the days after the stock market crash led to people rushing to banks to withdraw their funds in a number of “bank runs,” and investors were unable to withdraw their money because bank officials had invested the money in the market.
This led to massive bank failures and further deepened an already dire financial situation.
Today we are looking at half a trillion dollars in risky margin loans hanging out in our economy.
FX market rigging to check kite at their other implemented debt-based central banks.
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.
To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These daily operations will commence on Monday, March 20, 2023, and will continue at least through the end of April.
This is nothing more than making up new rules to keep the game going with an understanding that the whole house of cards is waiting to come down in horrid fashion.
The US taxpayer to fund Ukraine, steal its resources, and launder money into the hands of centralized authority figures.
US Aid to the Zelensky government is being laundered at record pace. About 17% of the 2022 Additional Ukraine Supplemental Appropriations ACT involving $40 billion USD is directed towards Ukraine. The rest is spent for other purposes. More than $14 billion USD of that has been spent right here in the US, funneled to the US Military Industrial Complex. Weapons, ammunition, issuing vendors additional wages, and allowances for governmental contractors and employees have all been found by an international report on where this money was spent.
Another $18 billion USD in Ukraine aid had no specific target recipient -that’s 47%! - so the American public is totally unable to track where that money has gone.
Rand Paul has asked that the Office of the Inspector General be able to audit and track every dollar spent on the Ukraine-Russia Proxy war. Almost every other member of Congress, the Presidential Administration, and various influential members of the political public have said this is unnecessary and harmful.
All of this pushes various nations of the world into other spheres of influence and away from the US as a political ally. When sanctions and corrupt practices become the only tool of international diplomacy, nations will simply move away in whatever capacity they are able. International trust in the US as a political entity is at an all-time low.
Inflation to destroy the middle class.
Financial Samuri wrote a devastating piece on why the FED wants to destroy the middle class. I link it here. Be mindful that what is linked isn’t a happy piece. It is the view that a reset is required, the average person is to blame for the politicians bad decisions, and it floats ideas like -losing your job means you get to stay home with you kids- demonstrating fully what the elite and those is centralized authority think of the middle class and the poor (which isn’t much, if at all)
Interest rate hikes to kill off small banks.
Weak regulations have allowed banks to appear far stronger than they actually are and there has been systematically a totally irresponsible lack of preparation for a major economic downturn or shift. Many small banks are nearly unifocal in thier approach. Regional banks are often over exposed to single industries. Take Ally bank for example. They are the single largest bank in the country when it comes to the used car industry. If Ally bank stumbles and fails, there will be no way to buy a used car anymore without going to your neighbor and buying in cash. Think about your regional bank. They are almost without a doubt over exposed to a single industry whether that be regional real estate, a specific type of say fintech or traditional industry. What happens when we end up seeing multiple regional banks fail, we see multiple industries that fail and then those industries, markets, and companies that are supported by those regional banks collapse. This has been allowed by Regulators who have failed in their duties by not conducting appropriate stress tests, which involve the assessment of banking capital should there be an unexpected crisis (like when we just saw several banks fail, or inflation hit 40-year highs, or nations begin to purchase energy in currencies beyond the dollar), in the event of higher interest rates.
China and other nations seek end to malignant US Global Hegemony.
I have written quite a bit on this and posted several twitter threads. Here is the most important one to know. Basically, de-dollarization is occurring and no games or tricks by the Fed or US Government can stop this. This is a WHEN, not an IF.
Regional bank vulnerability to target entire sectors.
As we saw with SVB, as we could see with ALLY as mentioned in item number 10, Regional banks are largely overexposed to single asset fields or industries and thus are ripe for collapse.
The Sect 13.3 emergency powers to misallocate capital, reward failure and acquire assets during their engineered crises using SPV (Special Purpose Vehicles) LLCs
What is underlined in red is the NYFed's new Special Purpose Vehicle (SPV), the Bank Term Funding program, the BTFP, which is being used to bailout SVB and other failing banks. We’re bailing out and rewarding failed practices, a lack of oversight, really bad financial decisions made by those seeking to be a part of the greater DEI (Diversity, Equity, and Inclusion) scheme through ESG investing parameters.
All of the elevated rhetoric from both sides is to make you feel as though your vote made a difference. This is to give you the illusion of choice. It doesn't matter who runs Congress or who is President, the Federal Reserve will still run the show, rigging markets and rewarding failure, all while still counterfeiting our currency via QE and charging us interest to do so.
What people have forgotten is that politicians are REPRESENTATIVES of the people, not their LEADERS. They are only expected to carry out THE WISHES OF THE PEOPLE. We don't need their advice or ideas. They work for us.
The United States needs to be the first nation to abolish its debt-based central bank. We can dissolve the Fed by an act of Congress (again, this is provided for in the Federal Reserve Act of 1913 itself). We need to issue debt-free US Notes again, like an actual sovereign nation, slowly recycle Federal Reserve Notes out of circulation, and pay off the debt while not acquiring any new debt.
FINANCE MUST BE THE SERVANT OF PRODUCTION, NOT ITS MASTER.
We cannot have unearned income at the expense of earned income. We can no longer tolerate the practices of the State Capitalist [Communist] Regime of the Federal Reserve Uniparty,
There is Free Market Capitalism, which we do NOT practice. This is when you have competition and the rewarding of success. Then there is State Capitalism which is nothing more than (low grade communism) in which the central bank rewards their buddies whether or not they are successful. They also launder their worthless Federal Reserve Notes into real assets while doing so, which are then held by their private corporation. This is State Capitalism.
Again, NOT to be confused with free market capitalism, which is probably only practiced in some obscure village somewhere in the 3rd world.
The Federal Reserve is a group of 12 private, incorporated, regional franchises that are the driving force behind the corporate takeover of our government.
State Capitalism (aka low-grade communism directed by the central bank) occurs when the state has considerable control over the allocation of credit and investment. Then there is centralized planning by government and corporations (together) to protect and advance the interests of big business against the interests of consumers. Since the government controls the economy, it essentially acts like a single huge corporation that pushes the markets at will. Over time, this centralized planning is unable to keep up with the action of the markets and collapse occurs. We are in the collapse stage led by the FED and the rest of the central planners.
Look around at what is happening globally:
-Saudi Arabia is leading the OPEC countries away from the US $ for oil trade settlement.
- Iran has settled oil trades in currencies other than the US $ for years.
- China, the worlds most populous country, is providing the gold backed international Yuan as an alternative to the US $.
- India, the worlds 2nd most populous country, is trading with Russia and China, in their own currencies.
- Brazil the most populous Latin American country with the largest economy is moving away from the US $ for trade settlement.
-BRICS nations are building an alternative to SWIFT.
-Kenya has struck a deal with Saudi Arabia and the UAE to purchase oil in Kenyan shillings.
-The President of Kenya has told his citizens to stop dealing in dollars and to trade out of them before the currency collapses.
-France has now conducted LNG Purchases with China in the Chinese Yuan.
America will pay a harsh penalty for tolerating the fools in Washington DC. and at the Federal Reserve.
America's national civilian / military command structure has no one serious leading it.
- Joe Biden
- Kamala Harris
- Kevin McCarthy, Speaker of the House
- Chuck Schumer, Senate Majority Leader
- Lloyd Austin, Secretary of Defense
- General Milley, Chairman of the Joint Chiefs of Staff
None of these people have the wisdom, courage or integrity you would want to lead a country in turbulent times. The US State Department does not even select applicants based on merit and instead defer to skin color and LGBTQ+ pedophile criteria. The US State Department and most of the federal government is comprised of 30-year-olds who have done nothing besides attend liberal university prior to joining the federal government.
Be Kind To Your Neighbors