This is an automated archive made by the Lemmit Bot.
The original was posted on /r/nanocurrency by /u/tatmob on 2024-08-18 10:03:24+00:00.
Phenomenon: The Lost Archives | Season 1 | Episode 8 | Monopoly Men | Dean Stockwell - YouTube
- using the Rockefeller orchestrated panic of 1907 to insist on creation of the non-responsible Fed, instituting income tax, and the removal of the protective tariff (directly causing exploitation of poorer countries for manufacturing purposes under sub-standard conditions preferrable to large entities with few moral objections) in the same year in 1913
- the installation of JP Morgan's personal adviser in the White House in a formal official office in Teddy Roosevelt's administration
- the clandestine creation of the Fed behind closed doors at Jekyll Island
- the US Fed being owned purely by merchant banks in London, and created by the administration of the City of London (officially)
- the incestuous Bilderburg group deciding world monetary policy behind closed doors and without producing a single document or report
- the failure of any major journalism to cover this group and the Council on Foreign Relations (clearly not for actually improving relations between people) even if spoon fed the details, possibly due to owners' direct membership in such gatherings
- the promise of wars making money for bankers from both sides regardless of outcome, whether through the continual fear instilled to psych people up for arguably needless wars, or encouraging political infighting for the same reason - no matter who wins or dies, they make money lending and running guns
- the incredibly high likelihood of being targeted for assassination for opposing central banks, probably starting with Lincoln all the way to Kennedy and continuing, regardless of political party or affiliations thereof
- case in point, Andrew Jackson who openly fought central banks influence directly, who survived multiple assassination attempts with assassins known to have ties to central banks, on his tombstone put "I beat the banks".
We should all be so lucky to put that on our own stones, if you're into that kind of thing.
This is US specific so it may be a bit boring for some, but the implications are indeed largely global. Sometimes we need to be reminded that people agreeing on value make money valuable, not government or shadow government - myself included.
In the case of the Fed, the government might print the money technically using the Treasury but it doesn't own the note (read: "backed by federal reserve", not "backed by us government" on the paper itself), or cause inflation directly by buying treasury bonds whenever it suits them; especially underscored when the note is held by a quasi-private organization without any significant recourse or transparency in accounting process or actual value backing reserves. Not to mention that when rates decrease, Treasury bills become more valuable even with less interest being paid. Who sets that rate again?
The Fed has increased its balance sheet exponentially since 2000 - this is either owned treasury bonds directly leading to more dollars in circulation, temporary deposits by commercial banks leading to interest-only exchanges or covering the series of "too big to fail" non-competitive nonsense through direct unilateral investment - and none of this makes rational economic sense for this kind of growth through these leaner years.
If you listen carefully, you can hear the increasingly loud scrapings of these creatures as they try to figure out how to place enough fear into cryptographically secured banking and stores of value to seem like saviors when they then "need" to outlaw perfectly reasonable transactions between consenting parties.
So, better, why not Nano?
Credit to Investopedia - https://www.investopedia.com/articles/economics/10/understanding-the-fed-balance-sheet.asp
Remittances keeping the treasury afloat, albeit upside down (paying more in interest than receiving in remittance) and printing even more money due to Fed's massive profit margins - 200,000% change in three years with commensurate profit offsets- https://alfred.stlouisfed.org/series?seid=RESPPLLOPNWW#
near zero for 50 years to 3,500 billion in reserves to offset balance sheet profitability increases since 2008 (i.e. your converted tax dollars at rest in inaccessible credit) - https://fred.stlouisfed.org/series/TOTRESNS#
