G. Edward Griffin, author of The Creature from Jekyll Island; A Second Look at the Federal Reserve, has responded by saying: “I enthusiastically support this bill because it could bring to light so many unconstitutional activities that we instinctively know are commonplace at the Fed but cannot prove. But I am concerned that the government may do what it usually does in such cases, which is that it investigates itself, takes so long to do so that the public eventually loses interest, eventually it publishes a 2,000 page book of meaningless minutia, and concludes that, aside from a few minor infractions of the law by low-level personnel, everything is fine.
So, I strongly urge Representative Massie and others with influence over this investigation to ensure that all the appointed members of the investigating committee once again declare allegiance to the Constitution of the United States and can prove that they are familiar with Article One that defines the limitations on the issuance of money. Another wise provision would be to require that no more than 50% of the appointees may be dependent on government funding as their primary livelihood income. Furthermore, all actions, documents, and substantive conversations between investigators and/or witnesses should be recorded and, within 24 hours of occurrence, published online for public access. There should be a hard deadline of no more than four months to produce and publish the unredacted findings of the committee. To make this meaningful, it also should include the clear statement that there can be no exceptions to this rule including the claim of national security, for the simple reason that full transparency in matters of this magnitude is essential for national security.
Many politicians will most likely not be willing to endorse such a proposal, but they are the same ones who will do nothing to seriously challenge the Federal Reserve power regardless of the disclosures of the committee. They are talkers, not doers. Their mission is to give us hope, but they will betray us eventually when they fail to support meaningful change. So, let’s not play political games any longer. Investigate, yes, But then eliminate! That’s our goal, and time to do so is running out!”
Summary by JW Williams from excerpts taken from JBS New American and Thomas Massie
Congressman Thomas Massie reintroduced H.R. 24, the Federal Reserve Transparency Act of 2025, also known as “Audit the Fed.” The bill would require the Comptroller General to conduct a full examination of the Board of Governors of the Federal Reserve System and the Federal Reserve Banks.
The American public deserves more insight into the practices of the Federal Reserve,” Rep. Massie said. “Behind closed doors, the Fed crafts monetary policies that devalue our currency, slow economic growth, and make life harder for the poor and middle class. The American people benefit when we work to increase government transparency.”
H.R. 24, titled the “Federal Reserve Transparency Act,” is cosponsored by 41 other representatives.
In a 2023 interview, Congressman Massie pointed out that if the Federal Reserve were audited, and its secret activities were revealed, it would likely be abolished.
In May 2024, Massie issued this press release that explains that the Federal Reserve is to blame for inflation:
“Americans are suffering under crippling inflation, and the Federal Reserve is to blame. During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today.
Monetizing debt is a closely coordinated effort between the White House, Federal Reserve, Treasury Department, Congress, Big Banks, and Wall Street. Through this process, retirees see their savings evaporate due to the actions of a central bank pursuing inflationary policies that benefit the wealthy and connected. If we really want to reduce inflation, the most effective policy is to end the Federal Reserve.”
There was, in fact, a partial audit of the Federal Reserve in 2010, that revealed that the Fed gave over $16 trillion in secret bank bailouts during the Great Recession.
The Federal Reserve’s creation in 1913 remains one of the most egregious violations of the US Constitution. In addition to blatantly violating the Constitution by its very existence, the Fed has the ability to single-handedly manipulate the economy and devalue the US dollar.
A sound monetary policy is necessary for a nation’s economy to be stable and enable material prosperity. Already, the Federal Reserve and the Deep State have caused far too much damage through their inflation of the U.S. dollar and issuance of fiat currency. It is imperative that Congress follow the Constitution and put an end to this.
People want names, so let’s start here. This is a big part of the hierarchy, leaving some unknowns hidden behind the Bank for International Settlements (BIS). In Corey Lynn’s 3-part report on Laundering with Immunity, it explains in explicit detail as to how and when BIS came about and how BIS and 63 central banks devised a plan to hold immunities and privileges. Shortly thereafter, in 1945 the UN was manifested by some of the plotters for this grand takeover, and immunities and privileges came right along with it the following day. This was the beginning of the control framework and how they would be able to carry out their agendas while operating entirely outside the law. All arms of the UN have these immunities and can extend them to organizations working with them. Long before the UN being established, the Organization of American States (OAS) was created. They too were the first to receive immunities and privileges, alongside the UN, as they work in conjunction with one another. And, they too can extend these immunities to organizations they work with. In addition to the banks, the UN and OAS, the Global Fund, Gavi, and WEF were also given these immunities, and numerous other key international organizations as well. In total, there are 76 international organizations that hold these immunities and privileges, and that’s on top of BIS and the central banks.
Whereas the UN and OAS hold treaties with a slew of countries giving them ironclad layers of protections, the other international organizations hold immunities, privileges, and headquarters agreements independently with each country who opted to do so, and there are many! The U.S. set the stage for this, doling them out to 76 organizations throughout every presidency except for Trump and Biden.
Read Laundering with Immunity to grasp the full scope of what these immunities and privileges entail. For starters, all of their archives are inviolable, their property and assets are immune from search and seizure, they are exempt from every kind of tax regular people pay, including property taxes, officers and employees are exempt from legal suits, employees and their family members can travel the world without checks from customs, military and police are not allowed to enter their headquarters, and much more.
Once people understand that THIS is the control framework – the structure that was created nearly 80 years ago so that they can operate outside the law and never be held accountable, it’s easy to see how all of the other pieces fall into place.
Who is THEY? That alone is the key list of 76 organizations, BIS, and 63 central banks at the top of the pyramid, bearing in mind there are wealthy, strategic players behind this pyramid whose names we may never know. Those leading these organizations are the key names purposefully put in a position of power to carry out specific agendas. Those key players move around within that group of organizations and sometimes head up affiliated organizations in order to maintain their strategy. Some of those agendas come straight from the pyramid organizations, while others are contracted out to their affiliates at NGOs, corporations, universities, lawmakers, governments, 3-letter agencies, news media, and private equity firms. For example, CIA agents often move into news media positions, FDA directors often move over to big pharma, CDC directors move over to Rockefeller Foundation or Bill & Melinda Gates Foundation, and so on.
They keep their key players in positions they need them in at specific times and then move them around to other leadership positions when they need certain actions carried out. Jim Yong Kim is a prime example of this, from co-founding Partners in Health to advising the Director-General of the WHO and Director of HIV/AIDS department, then fulfilling outcomes required at Harvard in various positions, on to President of Dartmouth College then to President of the World Bank – coincidentally resigning early in 2019, and now a partner at Global Infrastructure Partners. Kim has been instrumental in nefarious actions in Haiti, the AIDS agenda, vaccines, Covid contact tracing, pressuring countries in order to receive funding from the World Bank, and the climate agenda, and each position was timed right. It is no coincidence that BlackRock is acquiring Global Infrastructure Partners in the 3rd quarter of 2024. You can read more about Jim Yong Kim’s connections and involvement in Corey Lynn’s reports here, hereand here. They have done an incredible job trying to bury his childhood and family. CEO of BlackRock, Larry Fink, also went above and beyond to hide his family connections and childhood, with a father who would appear to be a ghost. It’s understandable to want to keep family from the public eye when in high profile positions, but there is far more than meets the eye with these cats.
There are countless smaller companies who have had good intentions to provide great products and services to people or the land, but as they began to grow and gain attention, these corrupt organizations stepped in trying to co-opt them and eventually acquiring them. Whole Foods being gobbled up by Amazon is a good example of this. These organizations, including so-called billionaire philanthropists, are behind every major industry and “reimagining” it to essentially cut out everyone else from financial prosperity so that everyone can fall prey to their planned enslavement system.
Ultimately, Congress needs to revoke these immunities and privileges. Any lawmaker saying that the U.S. needs to defund the WHO (part of the UN) or the UN itself, clearly isn’t aware of this control framework because if they were, they would know that defunding isn’t going to solve anything…
In light of the recent resurgence of inflation on top of increasingly rigged employments stats, declining manufacturing and stagnant wages I think it’s important to revisit a fundamental question: What does an economic collapse look like?
As I have said for years an economic collapse is NOT an event, it’s a process. When people think of a historic crisis they usually imagine something like the stock market crash of 1929 at the beginning of the Great Depression. However, there were numerous indicators and warning signs leading up to that crash that should have tipped people off. There were even a handful of economists that voiced concerns about impending instability, yet they were ignored.
Then, after the crash occurred numerous establishment economists denied that the system was in any real danger. They continually claimed that recovery was “right around the corner”, but the recovery never materialized. Instead, the crash spiraled onward for over a decade until world war erupted, largely because the Federal Reserve raised interest rates into economic weakness (a disaster they have openly admitted to causing and a policy they are instituting right now).
The point is, the mainstream “experts” are almost always wrong. The skeptics of collapse either ignore the evidence or they don’t comprehend the implications of events. They don’t want to believe that the economy is broken and that consequences are possible. They operate from the limited view of their own personal experience. For most of their lives the system has functioned without catastrophe so that must mean catastrophe is impossible. In truth, catastrophe has merely been deferred to a later date, not prevented.
Our present day predicament has not reached Great Depression levels yet. We are currently in a stagflationary phase similar to what happened in the 1970s. For those that think we have it bad now, the 70s were actually far worse.
House prices nearly TRIPLED from 1970 to 1980 (the median house price was $17,000 in 1970 compared to almost $50,000 in 1980). Annual inflation on most goods and services was in the double digits and the minimum wage was only $1.45 an hour. Unemployment was high and interest rates were eventually hiked to around 20% by 1981.
The point is that these breakdowns in financial structures happen slowly, and then all at once. Much like the build up of an avalanche. For those that know history the signs are easy to see. For those that don’t, they’ll assume that all is well even when the house is burning down around them.
Another factor that makes people oblivious to the danger is the moving of goalposts; they get used to poor economic conditions and the decline is entrenched as the “new normal.” For example, in 2015 the average house rental was $1100. Less than ten years later the average cost is $2150; that’s double the financial burden. But today this price is considered par for the course.
Nothing gets better, the situation only ever gets worse, but since it happens over a period of many years (the process of collapse) the public largely accepts it and will even accuse those of us sounding the alarm of “doom mongering.”
As with any collapse there eventually comes a point of popular intolerance – That moment where people finally realize that the “doom mongers” were right all along and that the weight of the implosion is too much to refute. I believe we’re approaching that moment very quickly. In the meantime. Here are the five stages of denial that people go through before they admit that a fiscal calamity is upon them…
Stage 1: “I Don’t Know What The Conspiracy Theorists Are Talking About – I’m Doing Fine”
There’s an old saying from the Great Depression that goes something like this: “It’s only a depression for the people without jobs.”
If you weren’t a part of the 30% unemployed in the US at that time, then in your narrow world the Great Depression might not have seemed all that bad. In other words, people will ignore the sinking of the Titanic as long as they still have their own lifeboat.
I will say that this is a major problem in the midst of the stagflation crisis today, and it’s the root of what many Zennials are complaining about. In their minds, this is the worst economy in history of the world and they blame “boomers” for their pain. It’s really not (at least not yet), but it’s true that many “boomers” are going into the crisis with the advantage of time. They have had the time to build a lifeboat while Zennials have not.
It’s not about what’s fair, there’s no such thing as “fair” in economics. But older Americans need to realize that even if stagflation is not a crisis for them personally, it is indeed a crisis for younger people in particular. Any person still denying the reality of the collapse because “they’re doing fine” needs to shut up and take stock of the bigger picture.
Stage 2: “They’ve Been Talking About Collapse For Years And We’re Still Here”
A lot of people out there have childish notions of what a collapse is, mostly derived from Hollywood films and television. They imagine stock market mayhem, endless soup lines, mass starvation and even Mad Max-style destruction. When these kinds of things do happen it’s always at the END of the collapse process, not at the beginning. The former nation of Yugoslavia suffered through multiple inflation events before it finally exploded with balkanization and war. It didn’t happen overnight, but all the signs were there.
When analysts predict these events years ahead of time they are doing you a favor; they are giving you ample time to prepare. Unlike the banking elites and their proxies who only warn the public right before (or right after) the crisis hits a peak.
Believe it or not I still see deniers arguing that all is well today, even after massive stagflation, attempted nationwide medical tyranny, multiple regional wars around the globe that could trigger WWIII, constant civil unrest, etc. Is the threat of imminent death the only thing that will wake these people up to reality?
Stage 3: “Maybe Things Are Bad Now But The Crisis Is Transitory, It Will Be Over Soon”
This is the stage in which deniers finally accept that there is indeed some instability, but they cope with the issue by claiming the storm will quickly pass and there’s nothing to worry about. The thing is, they spent so much time trying to debunk the economists that were warning them they now fear being proven wrong more than they fear the crisis ahead. It’s a kind of mental sickness common to our culture – The absolute refusal of a large percentage of Americans to admit being wrong and moving on.
It’s okay to be wrong sometimes. It’s not okay to be in denial about it.
The claim that a collapse is “transitory” is a way for skeptics overwhelmed by facts and evidence to continue dismissing reality. If the economic decline doesn’t last very long then they never have to concede defeat to the “conspiracy theorists.”
Stage 4: “No One Saw The Crisis Coming”
I saw this argument thousands of times during the pandemic lockdowns and the initial inflation spike. There were so many people raging about the circumstances and a lot of them were the types of people that used to deny that anything out of the ordinary was going on. They started looking for scapegoats and they came up with the idea that there was no early warning.
If only someone had given them some kind of hint of what was about to happen, they would have prepared better, right?
The media and government officials tend to play into this stage of denial aggressively. In other words, this is the moment they assert that “No one saw this coming.” The event struck like lightning out of the blue. No one could have foreseen this outcome and there’s nothing anyone could have done about it.
Whenever I hear these arguments I’m reminded of the movie trend in the early 2000s of global disaster flicks. There’s always those scenes where the asteroid or the ocean wave or the tornado hits and we see thousands of people scurrying like ants, only to be crushed by a godlike force that they had no power to defend against. I never liked those movies, but I recognize that they play into a hidden element of fatalism in the human mind.
There is a strange mechanism in some people’s thinking that wants to believe they have no power to change their circumstances. They feel better assuming that the tides of fate are beyond their control and that there’s nothing they could have done differently. In reality, all they had to do was listen and think critically and they could have prepared accordingly. Their pain is the result of their own ignorance and ego.
Stage 5: “Everyone Saw The Crisis Coming”
Ah yes, the final stage of denial. This one is my favorite. It is the inevitable moment when skeptics fully concede that the economic collapse is a fact of life and then they claim they “saw it coming all along.” The inability for these people to admit they were wrong debases their ability to make informed decisions about the future.
They know a crisis is upon them and they’ll now pretend as if they knew it was going to happen. Therefore, all the “conspiracy theorists” that tried to warn them are not special or better informed than they are.
Of course, you’ll never see any evidence of these skeptics (and many mainstream economists) actually predicting anything. You will see them predicting the opposite and attacking anyone that suggest they might be wrong. One wonders why it’s so important for them to avoid giving credit where credit is due and learning from their mistakes, but when a person’s identity is so wrapped up in being the “expert,” the idea of completely fumbling the ball on the biggest economic disaster of their lifetime is too much to bear.
This article was written by Brandon Smith and originally published at Birch Gold Group
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They know exactly what they are doing. The “experts” that run the Federal Reserve know that if they dramatically hike interest rates it will cause countless American workers to lose their jobs and it will absolutely crush the housing market. And even though those two things are already starting to happen, they just announced another massive rate hike. If there was a school for central bankers, one of the very first things that they would teach you is that you should never, ever raise rates as an economy is plunging into a recession. Every Fed official knows what has happened in the past when rates have been hiked at the beginning of an economic slowdown, but they are doing it anyway. To call this “economic malpractice” would be a major understatement, and the American people should be deeply alarmed about what they are doing to us.
After everything that has already happened, it is hard to believe that Fed officials would continue to be so reckless. On Wednesday, it was announced that rates would be raised by another 75 basis points…
The Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points for the third straight month as it struggles to bring scorching-hot inflation under control, a move that threatens to slow U.S. economic growth and exacerbate financial pain for millions of households and businesses.
The three-quarter percentage point hikes in June, July and September — the most aggressive series of increases since 1994 — underscore just how serious Fed officials are about tackling the inflation crisis after a string of alarming economic reports. Policymakers voted unanimously to approve the latest super-sized hike.
It was a unanimous vote.
There wasn’t even one dissenting voice.
Have they gone completely mad?
Wall Street certainly did not like this decision. The Dow plunged hundreds of points immediately after it was announced…
The Dow Jones Industrial Average slid 522.45 points, or 1.7%, to close at 30,183.78. The S&P 500 shed 1.71% to 3,789.93, and the Nasdaq Composite slumped 1.79% to 11,220.19.
The S&P ended Wednesday’s session down more than 10% in the past month and 21% off its 52-week high. Even before the rate decision, stocks were pricing in an aggressive tightening campaign by the Fed that could tip the economy into a recession.
For ages, the Fed coddled the financial markets, but now it is almost as if they don’t even care anymore.
Personally, I am far more concerned about what will happen to ordinary hard working Americans in the months ahead. Even Jerome Powell is admitting that “an increase in unemployment” is likely because of what the Fed is doing…
“I think there’s a very high likelihood we will have a period of … much lower growth and it could give rise to an increase in unemployment,” he said.
Will that mean a recession?
“No one knows whether that process will lead to a recession or how significant a recession it will be,” Powell said. “I don’t know the odds.”
Actually, we are in a recession right now.
And Powell and his minions just made things a whole lot worse.
Even Democrats understand this. After the rate hike was announced, Senator Elizabeth Warren went on Twitter and warned that “millions of Americans” could soon lose their jobs…
.@federalreserve’s Chair Powell just announced another extreme interest rate hike while forecasting higher unemployment. I’ve been warning that Chair Powell’s Fed would throw millions of Americans out of work — and I fear he’s already on the path to doing so.
This is one of the rare occasions when Elizabeth Warren is right on target.
As I have been documenting on my website for weeks, large numbers of Americans have already been getting laid off.
As growth stalls and competition intensifies, Facebook parent Meta has begun quietly cutting staff by reorganizing departments, while giving ‘reorganized’ employees a narrow window to apply for other roles within the company, according to the Wall Street Journal, citing current and former managers familiar with the matter.
By shuffling people around, the company achieves staffing cuts “while forestalling the mass issuance of pink slips.”
So why would the Fed choose to raise rates when layoffs are already beginning to spike?
Higher rates are also having a devastating impact on the housing market.
Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market.
Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were down 19.9% from a year ago and down 0.4% from July, according to a report from the National Association of Realtors.
Someone should start putting “Jerome Powell did this” stickers on for sale signs all over the nation.
Because this didn’t have to happen.
Now the housing market is already in a “deep recession”, and the Fed just keeps making things even worse…
The prolonged downturn in confidence shows the housing market has been “in a tailspin for the whole of this year,” according to Pantheon Macroeconomics chief economist Ian Shepherdson.
“Activity tracks mortgage applications with a lag, and the early September numbers are grim, even before the full hit from the rebound in mortgage rates in recent weeks works through,” Shepherdson said in a note to clients on Monday.
“In short, the housing market is in a deep recession, which is already hammering homebuilders and will soon depress housing-related retail sales,” he added.
The Fed seems determined to kill the economy.
But why?
Why would they do this?
One analyst that was just quoted by Fox Business is warning that “times are going to get tougher from here”…
“With the new rate projections, the Fed is engineering a hard landing — a soft landing is almost out of the question,” said Seema Shah, chief global strategist of Principal Global Investors. “Powell’s admission that there will be below-trend growth for a period should be translated as central bank speak for ‘recession.’ Times are going to get tougher from here.”
Yes, times are definitely going to get tougher from here.
So, we are less than two weeks out from the election and the outcome, no matter who wins, will likely ignite a raging firestorm that will make the California wildfires look like a flickering matchstick. As we have supposedly made tremendous advancements in science and technology, reality proves we have merely achieved a more efficient means of going backwards.
The intoxication from earlier successes of science and technology have devolved into a gruesome morning after hangover of deteriorated outcomes, now threatening to imprison masked Americans in an electronic gulag of forced vaccinations and digital currency. The social media billionaire moguls, in conjunction with the Wall Street owned Federal Reserve, and sociopathic political operatives will mandate compliance regarding medical, financial and political decrees or you will be demonetized and cut-off from the ability to transact – essentially living in an electronic prison camp.
Based on the Fourth Turning generational theory, there is no doubt Donald Trump is the prophet generation Grey Champion. The term Grey Champion does not mean they are a great, noble, humane person. Ben Franklin, Abraham Lincoln, and Franklin Delano Roosevelt were not nice guys. They did whatever they thought necessary to achieve their means during our previous three Fourth Turnings. Millions of Americans hated Lincoln and Roosevelt, just as tens of millions hate Trump.
The Grey Champion’s appearance marks the arrival of a moment of “darkness, and adversity, and peril,” as the violent turmoil climax of the Fourth Turning approaches. Trump and Pence are from the Prophet (Boomer) Generation, while Biden is from the Silent Generation and Harris is Generation X. At this stage of the Fourth Turning a transfer of power to a Silent generation leader would not make sense. Trump is the lightning rod for a clash that must take place to sweep away the existing corrupted social order and replace it with something new.
Every four years we hear the same pablum about this being the most important election of our lifetime. No matter who wins this election, the Deep State, Military Industrial Complex, Wall Street controlled Federal Reserve, Big Business, Big Pharma, Big Media, Silicon Valley Titans, and Billionaires like Soros, Bloomberg and Gates will still be running the show. One man has extraordinarily little chance of confronting these wealthy power-hungry sociopaths and winning.
It remains to be seen whether the Grey Champion can ignite a civil uprising against the powerful forces of totalitarianism engulfing the country and the world. They will not be stopped through the ballot box. They had successfully convinced a willfully ignorant populace to love their servitude and acquiesce to allowing them unfettered control over their lives. But, the tyrannical lockdowns, martial law like mandates from bureaucrats, compulsory masking as a requirement to be accepted in society, and the dehumanizing of our daily lives has created a Resistance, peaceful thus far, who are enraged by what is happening.
These are the critical thinkers, non-maskers, no-lockdowners, no vacciners, unwilling to kneel before the altar of Fauci, Gates, WHO, CDC, MSM and tyrannical sociopathic politicians like Cuomo, Newsome and Whitmer. These dissidents and doubters are most certainly a minority, but it was only a minority who carried the load during the American Revolution.
They are heavily armed, but it will require stealth, guile and intelligence to defeat the entrenched establishment. The weakness of these sociopaths is their arrogance and hubris. When they make mistakes during the coming conflict, they must be made to pay heavily. Those with their eyes wide open know what is happening. But, as Huxley asked over sixty years ago, do enough people think it is worth the fight to stop our drift towards totalitarian control?
“Do we really wish to act upon our knowledge? Does a majority of the population think it worthwhile to take a good deal of trouble, in order to halt and, if possible, reverse the current drift toward totalitarian control of everything?” – AldousHuxley
The last week of MSM hyperbolic vitriol towards Trump; censorship of all dissenters about the Covid narrative by the social media tyrants; the purposeful increase in testing to all-time highs in order to generate more cases; ignoring the plunge in Covid related deaths; seeing “neutral” journalists question Trump like he is on trial at Nuremberg while lobbing underhanded softballs to Biden like he’s a four year old (his dementia riddled brain tells him he is four years old); and seeing the MSM tout polls showing a Biden landslide just as they did in 2016, leads me to believe Trump is going to win re-election in November.
It may take weeks, there will be rampant fraud in trying to swing the vote to Biden, and it could end up in the Supreme Court, but I believe Trump will win. The deplorables are seething with an inner rage which will be released on November 3. While the election is being contested, shockingly, ANTIFA and BLM will again begin burning down cities. It was fascinating how it had all stopped when polls showed the riots having a negative impact on Biden and his Democrat cohorts. The time frame between November 3 and January 20, when the president is supposed to be sworn in, guarantees to be tumultuous, dangerous, and fraught with potential peril.
I do not believe either side will accept the outcome of the election and will treat the victor as illegitimate. Once that mindset gains control, only violent conflict can result. The myriad of potential outcomes is too vast to comprehend. What we do know is Fourth Turnings always accelerate and intensify towards a bloody finale, with clear winners and losers.
Unconditional surrender will be demanded by those maintaining the upper hand. Whether this coming conflict remains domestic or spreads internationally, the “advancements” in the technology of destruction will endanger every human being on the planet. You cannot escape the impact of Fourth Turnings, only survive and/or do your part in helping achieve a positive outcome. There is no predetermined ending.
“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says big change is ahead of the world, and “nothing will ever be the same.”
Fitts lays out the so-called “reset” you’ve been hearing about for the past few years and says,
“We are in the process that I would recall is a global reset. The entire financial system is being reset. There are two aspects of this: One is extending the old system, and the other is bringing in the new system. It’s very much being done on the fly by trial and error, but the new system is 100% digital.”
The new system, according to Fitts, will be a top down control system where “tyranny” will be the key feature. Fitts predicts,
“If you look at the tyranny they are working on delivering, I don’t think most people realize how hideous some of their plans are. So, the tyranny that’s coming and the printing that’s coming is greater than anything we have seen so far…
The Fed started a new round of QE in March, and if you look at the extent of that, it is extraordinarily inflationary. That’s because this time around, the Fed is not just doing $3 trillion in QE. What the Fed did in three or four months, what it took them to do in three to five years during the so-called financial crisis, that is an extraordinary amount. Then you combine it with fiscal stimulus because the Fed is now buying the Treasuries… and the Treasury is sending checks out to Main Street. We are seeing that money going into the economy that is extraordinarily inflationary.”
Fitts describes the overall situation, “We are basically entering into a war period, and it’s dangerous…”
“There are many different layers, but this is what World War III looks like.
The people running things and centralizing economic power and control are saying we don’t want to share the subsidy anymore with the general population…
This is a spiritual war between good and evil. Part of that war spreads out to invisible technology like mind control.”
Fitts says gold and silver will be assets to have in the future. Fitts explains,
“If you look at where they want to go, their vision is so dark that I think the more people recognize and see it, the more they are going to want simple assets they can control that are not digital and try to keep them outside the system. Globally . . . I think the pressure is going to be on to have precious metals.”
Fitts is basically predicting higher highs and higher lows for gold and silver prices for some time to come.
* * *
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Catherine Austin Fitts, publisher of The Solari Report.
If you want to understand America’s dangerously deepening travails, you have to start at the Federal Reserve’s Eccles Building…
After a 30-year rolling coup d’etat, its occupants have imposed a regime of destructive falsification on America’s financial, economic, political, and social life.
It has become the heart of mushrooming darkness taking prosperity, liberty, and democracy down for the count.
How do we get 50 million unemployed… the stock market at record highs… companies trashing their balance sheets to buy back stock and do vastly overpriced M&A deals… doctors and politicians savaging the economy and the livelihoods of millions… and Washington going incontinent on the fiscal front?
The answer is simple:
the rapidly-spreading dysfunction is rooted in the giant financial fraud embedded in the Federal Reserve’s $7 trillion balance sheet.
The latter is blissfully taken for granted by the politicians and C-suites of corporate America and desperately insisted upon by the unhinged gamblers of Wall Street.
Even if you believe that a regular infusion of money is needed to catalyze the wheels of capitalist growth (we don’t), there is absolutely no economic logic that says the central bank’s balance sheet should grow by orders of magnitude faster than GDP over an extended period of time.
If the robustly growing GDP of 1987 needed $5 of central bank money per $100 of GDP, there is no reason why that ratio should have differed in 2008 or 2020.
But it did and does.
In June 1987, the nominal GDP was $4.8 trillion, and by all current estimates, it clocked in at $19.4 trillion in June 2020. That’s a 4.1X expansion over 33 years.
In contrast, the Federal Reserve’s balance sheet stood at about $240 billion on the eve of Greenspan’s arrival at the Eccles Building in August 1987 and clocked in at $7.2 trillion at the end of Q2 2020. That’s a 30X gain.
Since the early 2000s and the dotcom crash, it has only gotten far worse. The chart below of the Fed’s balance sheet and GDP is indexed to 100 as of January 2003. It tells you all you need to know.
During the past 17 years, the Fed’s balance sheet (purple line) has risen to 983% of its starting value, even as GDP (red line) has risen to only 192%.
What was fostered in the vast area between the two lines above was excess liquidity, debt, speculation, and malinvestment. This was accompanied by a complete breakdown of financial discipline in all sectors of American society.
These long-term growth factors are not even in the same zip code or planet—and the massive excess of the Federal Reserve’s balance sheet versus GDP did not happen like a tree falling silently in an empty forest.
On the contrary, it turned the financial and economic world upside down. That’s because the effect was to systematically suppress the cost of debt and speculation and drastically inflate the value of financial assets. As a result, everyone got false price signals and changed their behavior accordingly:
Wall Street investors became leveraged speculators;
Corporate business builders become financial engineers;
Middle-class households became debt slaves living hand-to-mouth on borrowed money; and
Washington’s politicians became free lunch spendthrifts piling on public debt like there was no tomorrow.
The tragedy is that the clueless speculators on Wall Street, and the politicians of Washington who are riding the most egregiously inflated financial bubble ever, don’t even get the joke.
So what happens next?
We’d say nothing very pleasant.
* * *
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G. Edward Griffin re-tells the story of how and why the Federal Reserve was created in 1913 at a secret meeting on Jekyll Island. He explains how money is created and how the present system is destroying the purchasing power of money through a process called inflation. He explains why there is no hope of stopping this process until a significant segment of the population (perhaps 15%) understands the scam and pushes back politically. In the meantime, people will accept any insult to their liberties in order to survive, which is the reason why one crisis after another is scientifically engineered. Confusion and fear is the secret weapon of tyrants. -GEG
TRUMP: TIME TO MINE THE MOON WHILE OBSERVATORIES CLOSE
While we’re all sick of hearing about Covid19 and the daily propatainment ministry campaign to keep everyone indoors and cowered, there’s been a strange reaction going on “up there”, in space. In the last few weeks, for example, we’ve seen stories about (1) the European Space Agency cancelling a probe to Mars because of the virus, (2) strange videos of a “something” near the Sun looking for all the world like Ezekiel’s wheels-within-wheels, which Never A Straight Answer (NASA) once again reassured us was all a trick of light and shadow and an artifact of image processing, nothing to see here, move along, and (3) then, as if someone wanted to say “not so fast,” we’ve seen strange videos of “some things” flying around the Moon. More tricks of light and shadow and processing artifacts, perhaps.
Meanwhile, to reassure everyone that life goes on as abnormally as possible, the USSA has launched some satellites on Mr. Musk’s rockets, while astronomical observatories around the world are closing down for – you guessed it – the corona virus, according to this story shared by M.G.:
Ponder that one a moment. In all our previous “flu-demics” and medical emergencies from the HIV scare of the 1980s to SARS, we’ve never shut down observatories.
Ever.
It’s almost like Mr. Globaloney doesn’t want any pesky science-and-nerd-types seeing something “out there” that Mr. Globaloney doesn’t want them to see.
However, in the “you just can’t make up this soap-space-and-virus-opera” department, as all this propatainment ministry nonsense from “I’m-connected-to-Bill-Gates-who-wants-to-vaccinate-everyone-and-chloroquine-produced-by-Bayer-in-1934-is-not-a-cure-because-I-want-a-vaccine-so-I-can-make-lots-of-money-with-Mr.-Gates” Dr. Fauci in his daily White House sponsored fear-and-trembling updates goes on, President Trump found enough time to sneak away and sign an executive order.
The subject?
Mining the Moon (thanks to S.R., B.H. and many many others who shared versions of this story):
It makes me wonder, with some “things” flying around close to the Moon, and observatories shut down, just what the heck is going on. Now on the one hand, talk about Moon and asteroid mining has been going on for a while, and I’ve blogged about the topic repeatedly. Back in 2014 at the Secret Space Program conference in San Mateo, Nuttyfornia, I talked about some of those bearer bonds scandals, and how some of those “fake” bonds had space messages going on all over the place. On the front of some of these bonds, which the federal goobernment (which has given us some of the nuttiest explanations for things on record, from magic bullets to airplane fuel melting buildings which collapse in a pancake at freefall speed) assured us were fakes, you had on the front of said bonds the picture of the president who fell victim to said magic bullet, while on the back of the “bond” you had pictures of the Moon, the Lunar Excursion Module from Apollo days, and the space shuttle. I began to think that space assets were the way that Mr. Globaloney would attempt to write off all that bad paper he had created in the financial system, when – lo and behold – we were told that all that bad paper amounted to a mere 14- to 17,000,000,000,000,000 dollars, several times the amount of the gross domestic product of the entire planet. But what a coincidence, articles then began to appear that some rocky asteroid X,Y,Z out there was worth (you guessed it) about 14- to 17,000,000,000,000,000 dollars in titanium, platinum, gold and all sorts of other stuff, all we had to do was go out and mine it. (Isn’t that nice? We could actually have a gold standard and back all that bad paper with something other than Christine LaGarde’s numerology.)
Now, if you’ve been following along during all this propatainment ministry narrative, you’ll have noticed a raft of strange financial stories that somehow manage to evade mention by Dr. I-want-to-vaccinate-everyone-and-make-lots-of-money Fauci. Stories like the Fed taking reserve requirements to zero (yes, I said ZERO), and the German state-owned bank Kreditanstalt furWiederaufbau thumbing its nose at the EU, the European Central Bank and all the Brusselsprouts and telling German businesses and no one else’s businesses that it was prepared to prop them up with virtually unlimited credit until the Fauci crisis… er… I mean, the corona crisis was over. (How does that song go? Deutschland uber alles?) Interestingly enough, while Kreditanstalt was promising lines of credit and liquidity as high as the Moon (patience, we’re getting back to that), its headquarters was nonetheless located down here on Earth in Frankfurt in the German state of Hesse, which headquarters other financially sound institutions like the European Central Bank, and that pillar of financial responsibility, Deutsche Bank, which was caught red-handed shorting stocks before two buildings collapsed of airplane fuel fires and pancaked into lower Manhattan a few years ago. Then, lo and behold, in Yet Another Amazing Coincidence, the finance minister for the German state of Hesse decided to walk in front of a train and ended up smeared all over railroad tracks just a few days after Kreditanstalt made its generous announcement because (we were told, but not by Dr. Fauci!) that he was depressed over the corona virus.
Now, to put a fine point to all this Amazing Coincidence, it looks like Mr. Globaloney created the Fauci crisis as a crisis of opportunity to achieve several objectives, one of which is some sort of financial reset, and with that, we’re back to Mr. Trump and the Moon mining executive order. It’s one thing to talk about mining the Moon, but quite another to order it, by an executive order no less, and that during a Fauci crisis that looks like a financial reset.
To put it country simple: it looks like Mr. Globaloney is in a big hurry to get out there and mine those space assets… and to be extra sure no one keeps an independent eye on what he’s actually doing (or not doing but claiming to do), best to shut down those observatories.
Yea… I know… that’s really really off-the-end-of-the-high-octane-speculation-twig. But with everything else so crazy, why not?
TOPEKA, Kan. (May 22, 2019) – Last week, Kansas Gov. Laura Kelly signed a bill exempting gold and silver bullion, and other precious metals, from the state sales tax. Passage of this legislation eliminates one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
Rep. Jim Kelly (R-Independence) introduced House Bill 2140 (HB2140) on Feb. 5. The new law exempts the sale of gold or silver coins and gold, silver, platinum, or palladium bullion from the state sales tax. Under the law, “bullion” means bars, ingots or commemorative medallions of gold, silver, platinum, palladium, or a combination thereof, for which the value of the metal depends on its content and not the form.
The sales tax exemption on gold and silver was amended into a bill authorizing various county sales tax increases. It was the one positive provision in a bill otherwise unfriendly to Kansas taxpayers. With Gov. Kelly’s signature, the law will go into effect July 1.
IN PRACTICE
With the passage of HB2140, Kansas takes a step toward treating gold, silver, platinum and palladium as money instead of commodities. As Sound Money Defense League Policy Director Jp Cortez testified during a committee hearing on a similar bill in Wyoming last year, charging taxes on money itself is beyond the pale.
In effect, states that collect taxes on purchases of precious metals are inherently saying gold and silver are not money at all.
Imagine if you asked a grocery clerk to break a $5 bill and he charged you a 35 cent tax. Silly, right? After all, you were only exchanging one form of money for another. But that’s essentially what Kansas’ sales tax on gold and silver bullion did. By removing the sales tax on the exchange of gold and silver, Kansas will treat specie as money instead of a commodity. This represents a small step toward reestablishing gold and silver as legal tender and breaking down the Fed’s monopoly on money.
“We ought not to tax money – and that’s a good idea. It makes no sense to tax money,” former U.S. Rep. Ron Paul said during testimony in support an Arizona bill that repealed capital gains taxes on gold and silver in that state. “Paper is not money, it’s fraud,” he continued.
The new law’s impact would go beyond mere tax policy. During an event after his Senate committee testimony, Paul pointed out that it’s really about the size and scope of government.
If you’re for less government, you want sound money. The people who want big government, they don’t want sound money. They want to deceive you and commit fraud. They want to print the money. They want a monopoly. They want to get you conditioned, as our schools have conditioned us, to the point where deficits don’t matter.
Practically speaking, eliminating taxes on the sale of gold and silver cracks open the door for people to begin using specie in regular business transactions. This marks an important small step toward currency competition. If sound money gains a foothold in the marketplace against Federal Reserve notes, the people will be able to choose the time-tested stability of gold and silver over the central bank’s rapidly-depreciating paper currency.
BACKGROUND INFORMATION
The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” States have simply ignored this constitutional provision for years. It’s impossible for a state to return to a constitutional sound money system when it taxes gold and silver as a commodity.
HB2140 takes a step toward establishing gold and silver as legal tender in the state and that constitutional requirement, ignored for decades in every state. This sets the stage to undermine the monopoly of the Federal Reserve by introducing competition into the monetary system.
Constitutional tender expert Professor William Greene said when people in multiple states actually start using gold and silver instead of Federal Reserve Notes, it could create a “reverse Gresham’s effect,” drive out bad money, effectively nullify the Federal Reserve, and end the federal government’s monopoly on money.
Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a “reverse Gresham’s Law” effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes). As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.
Once things get to that point, Federal Reserve notes would become largely unwanted and irrelevant for ordinary people. Nullifying the Fed on a state by state level is what will get us there.
