Weapons of
the Deep State, Part 1: The Federal Reserve
Right
now, our country is under attack!And no, not by terrorists, or immigrants, or Russians…
It’s the power-hungry government officials and morally bankrupt politicians who continue to pillage our country and rob our citizens to satisfy their never-ending lust for power…
It’s the warmongers who run our national security apparatus who send our troops to die fighting wars in places we have no business being in…
It’s the insatiable greed on Wall Street and the Keynesian money printers running the Fed… who continue to inflate our markets, ruin our economy, and then siphon BILLIONS of dollars right out of our pockets, and the pockets of our children and grandchildren.
It’s the traitors in our intelligence agencies who undermine our democracy, and work day and night to violate our privacy and our constitutional rights in the name of “national security”…
It’s the powerful elites who are unelected, unimpeachable, unaccountable, and virtually untouchable… who act with impunity and complete disregard for our country’s well being.
It’s the group of men and women known simply as… The Deep State!
And at the source of their power lies inside this building, located at 20th Street and Constitution Avenue, N.W., in Washington, D.C.
It’s called “The Eccles Building”…
It houses the main offices of the
Board of Governors of the Federal Reserve System.
Bubble
Finance and The Death of “Sound Money”
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…” – Thomas Jefferson, 1802
Perhaps the most famous, and prescient, cartoon in American history is the depiction of the Federal Reserve Bank as a giant octopus… with its eight arms wrapped around the U.S. institutions as well as free markets.It was published in 1912, just a year before the creation of the Federal Reserve.
But no one could have ever imagined just how powerful the monster would become over the next hundred years.
Because like it or not… money is power. And if you control the money supply, you control power.
No one has more control over our money supply than the arrogant central bankers who run the Federal Reserve.
As you may know, the Federal Reserve is neither a federally-run entity, nor is it a reserve.
In reality, it’s crony capitalism at its finest…
It’s a private organization run by a cartel of bankers who effectively dominate the world economy using what can be best described as financial tyranny — a regime which benefits the few and bilks the many.
And I know this because I was there when the Federal Reserve turned from responsible custodian to aider and abettor in the financialization of the American economy.
I’ve been inside the smoke-filled rooms with this group of unelected, unaccountable, and completely unrestrained group of bureaucrat nutjobs who have nearly infinite and unchecked power.
And I know the unseemly truth about the TRILLIONS of dollars these Keynesian money printers have funneled to the speculators and high-rollers of Wall Street… all at the taxpayers expense.
There’s something rotten going on in Washington… but you’ll never hear about the Deep State’s latest plot from the mainstream media. Which is why this Washington insider is releasing this important message every American MUST read to learn about the biggest threat to our way of life.
It’s called “The Doom Loop”, and its quickly spiraling out of control. Click here to find out the truth… and what you can do to fight back!
And thanks to their unlimited ability to debase the dollar thru the manipulation of interest rates and outright money printing…
The Fed has the ability to systematically crush workers, savers and main street investment in productivity and growth.
A reality that would NEVER be possible if we had sound money — which is money that has purchasing power determined by markets, independent of governments and political parties, and usually tied to a commodity like gold.
But, alas, we exist in a world of pure economic fantasy…
Of endless free money, rampant speculation across all asset classes, and a sinful level of financial fraud in the form of unearned dividends, share buybacks, and mergers and acquisitions…
A world where markets can only go higher and Wall Street continues to pump out one “get rich quick” meme after another to lure the next greater fool.
And sooner or later, it’s all going to come crashing down onto the shoulders of main street investors and taxpayers.
Which is exactly what The Deep State wants.
But thanks to Donald the Disruptor… we could see all that come to an end as this current era of Bubble Finance implodes and triggers an epic global financial crisis.
The Fed Must
Die for Main Street to Survive
“Poverty is the parent of revolution and
crime.” – Aristotle, Politics (350 B.C.E.)Central planners destroyed honest price discovery in the markets.
And they’ve set the seeds to do the same to their whole system.
Wall Street doesn’t remember the recent past. Nor is it discounting a rational future.
It’s a hot mess of headline-reading algos and chart-point-chasing day traders.
Any rational investor would avoid it at all hazards.
Events of the last two decades (including the Global Financial Crisis/Great Recession and the dot-com bust) have left a broken, debt-burdened Main Street economy.
The recovery is weakening rapidly. And it’s already really old.
There’s no way a subpar economy should support super-normal price-to-earnings ratios in the stock market…
And now, the Federal Reserve is walking back it’s decadent money printing from their trailblazing “quantitative easing” experiment.
Over the last two decades, central banks scooped up more than $20 trillion of sovereign debt, corporate bonds, and even stocks and exchange-traded funds.
And they paid for those assets with money spun from thin air.
This madness has systematically and massively falsified the pricing of every financial asset, be it stock, bond, real estate, derivative, and everything and anything in between…
Now, they’re about to stop.
And here’s where it goes from “bad” to “ugly.”
When the next big “correction” happens, Corporate America will plunge into another frenzy of “restructuring.”
That means inventory and capital expenditure cuts. And it means job cuts.
And it’s “Mean Streets” again in Middle America…
We don’t much believe in financial market reflation. State money-printing and state borrowing just isn’t sound policy over the long term.
“Reflate,” though, is what the Federal Reserve, the U.S. Treasury, and Congress have done with alacrity and aggression in the past.
But it’ll be impossible this time around. Our central planners have backed into a policy prison of their own making.
Another of these Bubble Finance-style recessions will trigger another fiscal crisis.
But — this time — it’s a recipe not just for financial destruction. Another, greater downturn will create “critical mass” among the people.
And when it does, there will be hell to pay.
David Stockman
P.S. Want to get more inside dirt on the Deep State? If so, click here now and find out how you can get access to the private letter they DON’T want you to read.
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