The Fed Will Continue Tightening Until Everything Breaks

by | Nov 14, 2018 | Headline News | 43 comments

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    This article was originally published by Brandon Smith at Alt-Market.com

    Around three years ago, in September 2015, I wrote an article titled ‘The Real Reasons Why The Fed Will Hike Interest Rates‘ in which I predicted that the Federal Reserve, in the face of criticism, would soon pursue a program of interest rate hikes into economic weakness. I argued that this plan would be somewhat similar to what the Fed did in the early 1930’s; an action that prolonged the Great Depression for many more years. So far, my prediction has proven to be correct.

    Despite the fact that the Fed keeps raising rates as it tightens the noose around the supposed economic “recovery”, there are still many people out there who refuse to accept that the central bank would deliberately implode the fiscal bubble that it has spent the last ten years inflating. Even today, I still see arguments proclaiming that the Fed will be forced to pull back if stocks fall beyond 15% to 20%. I also see claims that Fed officials like Jerome Powell had “better start looking for another job” because Donald Trump won’t be happy with Fed policies that could cause a crash. This is pure delusion from people who do not understand how the Fed operates.

    First and foremost, let’s be clear, the Federal Reserve is an autonomous entity that does not answer to government oversight. It never has and it probably never will. This reality is supported by admissions by former Fed officials like Alan Greenspan, who publicly noted that the Fed answers to no one.

    The central bank functions in quite the opposite capacity from what many people assume. As Carroll Quigley, prominent American historian and mentor to Bill Clinton, noted in his book Tragedy And Hope:

    “The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank … sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”

    In other words, governments do not assert control over central banks; central banks assert control over governments. That said, there are some exceptions to this rule. For example, an act of Congress can be used to enforce a full audit of Fed activities, something which has never been done.

    Fed propaganda asserts the lie that the bank is audited annually by the Government Accounting Office (GAO), but this is NOT an audit of Fed financial actions and policy initiatives. Rather, it is an audit of minor expenditures. Knowing how many pencils and desks the Fed purchases in a year does not help us to understand the bank’s influence over our economic security. All other audits of the Fed are done internally by the Fed’s own Board of Governors. This is hardly transparent or independent.

    The only time the public has gained access to even a partial government audit of Fed activities was during the audit of TARP. This alone exposed trillions of dollars in bailouts and overnight loans to various banks and corporations, many of which were foreign.

    The GAO did nothing in terms of regulatory action against the Fed after it was revealed that they were funneling trillions in capital into foreign corporations. All they did was make a ledger of the transactions, and remained silent on the rest.

    I remind readers of this history and the conditions surrounding Fed actions because I want to drive the point home that, for now, the Fed and other central banks dictate the rules of the game. Some may say this has changed with the election of Donald Trump, but I disagree. If anything, as long as Trump is in office, the Fed will chase higher interest rates and steeper balance sheet cuts. They will not stop until markets break. And, the only solution (shutting down the Fed entirely) also comes with a set of extreme fiscal consequences.

    There is a wall of cognitive dissonance when some in the public are confronted with this notion. They prefer to believe in a set of standard lies rather than accept that the Fed is a saboteur of our financial system. Here are those lies, listed in no particular order…

    Lie #1: The Fed Is Unaware Of The Bubbles it Creates

    Mainstream economists and Fed officials alike use this lie regularly. Not once has the Board of Governors of the Fed ever been audited or punished in light of an economic crisis they created. When central bank culpability is obvious, they simply claim they had no idea the fiscal bubble was as inflated as it became. The disaster “surprised them”.

    The Fed’s creation of easy credit and zero oversight, not to mention its opposition to any regulation of derivatives, fed the bubble prior to 2008. Then they ignored all obvious warning signs that the bubble was about to burst. But what about the current “everything bubble” that the Fed has created through near zero interest rates and endless fiat money manufacturing? Well, Fed officials openly admit to their involvement.

    As the former head of the Federal Reserve Dallas branch Richard Fisher admitted in an interview with CNBC, since 2009, the U.S. central bank has made its business the manipulation of the stock market to the upside:

    “What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009.

    It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow.

    I’m not surprised that almost every index you can look at … was down significantly.” [After the first Fed rate hike]

    The Fed knows when it is conjuring a bubble environment; they just won’t admit it as the bubble is deflating and economic pain is everywhere.

    Lie #2: The Fed Is Unaware That It’s Tightening Policies Cause Extreme Economic Contraction

    So, if the Fed is aware when it causes a bubble, is it aware when it is popping a bubble? Absolutely. As Ben Bernanke admitted in a speech in 2002:

    “In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn.

    Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

    Bernanke was referencing Milton Friedman’s assertion that the Fed’s tightening policies in the early 1930’s, after they had made markets dependent on easy credit through the 1920’s, had caused negative feedback in the system at the perfect time, destabilizing any possible recovery for years to come.

    The problem is twofold, of course. The Fed was allowed to fuel a fraudulent market bubble in the first place. Then, it was allowed to pop the bubble in the most destructive way through tightening policies (like higher interest rates), which crushed Main Street support. If this sounds familiar, it is, because the same tactic is being used by the Fed today.

    In an October 2012 meeting of the Federal Reserve, minutes indicate that Jerome Powell was highly vocal about what would happen if the Fed pulled support from debt addicted markets by raising interest rates and cutting assets:

    “My third concern — and others have touched on it as well — is the problems of exiting from a near $4 trillion balance sheet. We’ve got a set of principles from June 2011 and have done some work since then, but it just seems to me that we seem to be way too confident that exit can be managed smoothly. Markets can be much more dynamic than we appear to think.

    When you turn and say to the market, “I’ve got $1.2 trillion of these things,” it’s not just $20 billion a month — it’s the sight of the whole thing coming. And I think there is a pretty good chance that you could have quite a dynamic response in the market.

    I think we are actually at a point of encouraging risk-taking, and that should give us pause.

    Investors really do understand now that we will be there to prevent serious losses. It is not that it is easy for them to make money but that they have every incentive to take more risk, and they are doing so. Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy.”

    Jerome Powell is now the Fed Chairman, and yet, he is following through with the same tightening actions that he warned about in 2012. He is pretending that the tightening process will be painless even though fundamental economic conditions are just as weak now as they were six years ago. Again, Powell knows the Fed is going to cause a crash, but he is moving forward anyway and he is not warning the public about the danger.

    Lie #3: The Fed Is The Center Of Establishment Power, Therefore They Need The U.S. Economy To Thrive

    While it is true that the Fed is currently in charge of the dollar as the world reserve currency, the idea that the Fed is somehow indispensable to the global establishment has always bewildered me. Everything the Fed has done since its inception in 1913 has been designed to diminish the U.S. economy and erode the purchasing power of our currency. I ask, at what point has the Fed ever taken an action which did NOT result in a bubble or a bubble collapse? At what point has the U.S. economy ever improved at a fundamental level because of the Fed, rather than diminished in the wake of a fake recovery the Fed conned the public into believing in?

    What else does the Fed do besides sabotage?

    I believe the truth is that the Fed does not care about the U.S. economy, or even the survival of the dollar, as is obvious in their actions. The Fed is merely a puppet entity of larger institutions like the Bank for International Settlements or the International Monetary Fund. These institutions seek centralization at a global level, with a global currency system and global economic authority, as they have openly admitted to in their own publications. The U.S. economy as we know it today, and the Fed by extension, are expendable in this pursuit.

    The Fed will continue on its current course no matter the cost, because there is a greater strategy in play. In fact, some elites may even welcome a shutdown of the Fed at this time because this opens the path for the death of the dollar as the world reserve currency and the introduction of a new world monetary system, while all the consequences surrounding the shift can be blamed on political chaos and coincidence.

    To drive the point home, I leave readers with a revealing quote from Christine Lagarde, the head of the IMF, as she outlines why crisis in national economies is actually good for the IMF:

    “When the world around the IMF goes downhill, we thrive. We become extremely active because we lend money, we earn interest and charges and all the rest of it, and the institution does well. When the world goes well and we’ve had years of growth, as was the case back in 2006 and 2007, the IMF doesn’t do so well both financially and otherwise.”

    ***

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      43 Comments

        • durangokidd

          “I believe the truth is that the Fed does not care about the U.S. economy, or even the survival of the dollar, as is obvious in their actions. ”

          FALSE.

          The “dollar” is a Federal Reserve Note. It’s the FED’s money and it is the source of the Bankster’s power. If the FRN dies, the power of American Banker’s, The Military Industrial Complex, and the DEEP STATE intelligence community; all “stakeholders” in the American Empire, die.

          The FED is not going to commit suicide and the other power centers would not let them do so if they wanted too. Banker’s can be replaced; which is why so many of them jump out of the windows above the 13th Floor. Brandon you believe wrong. Once again.

          “The Fed is merely a puppet entity of larger institutions like the Bank for International Settlements or the International Monetary Fund. ”

          FALSE. ABSOLUTELY FALSE.

          The FED controls both the IMF by voting rights and the BIS as the FED controls the largest global economy by far. This is the source of the FED’s power.

          The IMF is a TOOL of the FEDERAL RESERVE.

          The BIS is a group of like minded financiers who control their respective Central Bank. Not unlike the MAFIA, these Gangsters are of ONE MIND and conduct their business of Global Banking according to a set of Club Rules that are designed and controlled by the FED.

          And just like the other “families” in the MAFIA (think back to the Godfather movies) there are differences and disputes within the group as one faction tries to assert itself at the expense of another.

          In the end there can be only one. It will be the FEDERAL RESERVE backed by the most powerful military in the world (and in outer space for that matter). 🙂

          • Karen

            “The “dollar” is a Federal Reserve Note. It’s the FED’s money and it is the source of the Bankster’s power. If the FRN dies, the power of American Banker’s, The Military Industrial Complex, and the DEEP STATE intelligence community; all “stakeholders” in the American Empire, die.”

            The Reserve Note can easily be replaced. All Central Banks have the same zionist, endless source of money and now that they control the world, why would they need more money anyway? You forget they have an evil agenda so he’s right: they DON’T care about us. Understand they have already had a dry run. It was called the Great Depression and they killed 6-10 million Americans.

            • Kevin2

              Karen

              Those “Federal Reserve Notes” fund the banisters enforcer, the US Military. There is no practical substitute large enough and capable under their control.

              • Medicalmauser

                Yes there is. IMF’s SDR, like Smith already mentioned in a bunch of essays on this site. They’re working on a cryptocurrency based on the SDR right now. Dollar is expendable, get used to it.

                • durangokidd

                  SDR’s by definition and IMF By Laws, are SPECIFICALLY, NOT a currency. It’s actually more like a bond.

                  SDR crypto currency ???

                  Not likely. The SQUID and other American investment banks are all developing a digital currency. Eventually there will be a “winner” and that winner will be married to block chain & quantum technology; then overlaid on the financial system.

                  Each local currency, like the major pairs will still exist and have there own distinct value just like they do now. All transactions will be made digitally and where necessary (for travelers) will be automatically converted, for a fee of course just like they are now.

                  The Banksters are not going to eliminate their largest profit center, FX, with a universal currency like gold. There is simply not enough profit in that. 🙂

                    • durangokidd

                      What I know is that Profit IS Power. The IMF (Lagarde) can say what they want but the FED has VOTING CONTROL of any actions it takes, so if a proposed action does not benefit the FED it ain’t gonna happen.

                      Two words: VOTING CONTROL.

                      Lagard is a talking head she has no power over anything, just day to day management of the IMF apparatus which was designed to facilitate international trade for third world countries in a way that would not require Global Banks to accept and be exposed to Third World Fiat.

                      “And the IMF says they’re going to push out national currencies with the SDR and set up crypto around it,…”

                      LMFAO !!! As a Globalist she would like that, but “pushing out national currencies” would eliminate THE MAJOR PROFIT CENTER for the Global Bankers: FX.

                      Not gonna happen without the FED stamp of approval. BTW, Bankers would like to ADD additional asset classes to their list as long as they can regulate, control, market, and PROFIT from it.

                      They damn sure are not going to accept a technology that eliminates their major profit center. There is also a legal problem. The SDR is SPECIFICALLY NOT A CURRENCY according to IMF BY-LAWS !!!

                      READ THE IMF BY-LAWS !!! 🙂

                    • Medicalmauser

                      Like I said, the bankers print profit. They don’t need the fed to print. Any bank can do that, including the IMF. Nowhere in the IMF by-laws does it say that the Fed has voting control. Show me the paragraph. This is just more proof you have no idea what you’re talking about, DK.

                    • Medicalmauser

                      Also, Christine Lagarde has said the SDR is the “currency of all currencies”. The IMF can change its by-laws anytime it wants, although the by-laws don’t say the SDR can’t be a currency.

                      Plus, the IMF is developing its own cryptocurrency. The facts just don’t support your conclusions. You have some serious cognitive dissonance to deal with.

                      https://cointelegraph.com/news/why-imf-wants-to-enter-crypto-market-with-its-own-coin

                    • durangokidd

                      Do your own research. I did mine. Educate yourself. Your ignorance is not my responsibility. Try a little self reliance. Find it. The US holds the voting control within the IMF. 🙂

                    • Medicalmauser

                      I’ve done my research, which is why I know there’s no voting control for the Fed in the IMF, and it’s also why you can’t show me any evidence of Fed control of the IMF. Admitting when you’re wrong is a sign of maturity. You should try it. You should also try to avoid posting false information here. Unless you’re doing it on purpose for some reason…?

              • blinky

                Kevin2
                If you take a good look around, using our military for regime change is not happening now.
                Not under Trump’s watch. That’s out. Old thinking. That was Bush-Clinton-Obama shit.
                The Petro Dollar was a Deep State designed plan. It will go away.
                New paradigm, buddy.
                The shit that used to fly a few years ago is history.
                Now, what happens after Trump is anyone’s guess.
                Powell knows what raising interest rates will do. So does Trump. That’s the game.
                The anti-Deep State plan is to dismantle the system that feeds the beast.
                Nationalize the Fed. Can it be done? We’ll see.
                Look at it this way. There has been at least 12, maybe more, attempts on DJT’s life already.
                You threaten the central bank system in any way, they will unleash hell on
                anyone or anything that threatens their system.
                You have to hand it to No. 45, he has brass balls. He knows what time it is.
                Save the US military/ regime change footnotes for the NWO presidents. That was the past.
                Russia and China will not stand for that shit anymore. New paradigm.
                Once other countries understand the Deep State has been toppled, profound change.
                Will the other central banks of the world go away if the Federal Reserve is dismantled?
                It would loosen the grip for sure. Other countries would try to follow suit.

            • durangokidd

              “The Reserve Note can easily be replaced.”

              LMAO !!! With what ??? Tell US all about it. I am dying to hear your response. 🙂

              “All Central Banks have the same zionist, endless source of money and now that they control the world, why would they need more money anyway? ”

              Yes, they don’t “need” ‘mo money. They don’t want ‘mo money. It’s PROFIT they want. It’s profit they need to satisfy their insatiable greed for wealth and control. And they have that in the FRN which they used to prop up all of the Central Banks in the Western World during the CRASH. Why would they replace something that is working so well for them ???

              The argument is not, whether they like US or not. That’s irrelevant. The question is whether the FED is an appendage of the IMF and the BIS as Brandon endlessly continues to claim, or whether the FED controls both of them.

              The deciding vote on any actions by the IMF is cast by the FED according to IMF by-laws. Thus, the FED controls the IMF. It was created by the Central Bankers to facilitate global trade without the Central Bankers have to accept Third World Fiat into their banking systems.

              The BIS is controlled by the FED because it controls the largest economy in the world and when push came to shove, the other Central Bankers had to come to the FED to bail them out of their insolvency.

              You are as poorly informed as Brandon. 🙂

          • MarineVet

            Smith backed up his views with facts, DK. Your opinions don’t really add much to the discussion. Obviously you think he’s wrong, but just saying he’s wrong doesn’t make it so. We’ll see in time, I guess. Smith has been right so many times I’m putting my money on him.

            • Prepperplus

              Smith’s track record is praiseworthy. DK’s? Not so much, lol! DK’s never made a correct prediction here. Not any that we’ve seen proof of anyway.

            • durangokidd

              Suggest you read my response to Karen. Yes, by all means, put ALL your money on Brandon. 🙂

              • MarineVet

                I did, you didn’t say much based on facts. You are loaded with opinions though, I’ll give you that. I’ve put money on Smith a few times, and he hasn’t let me down yet.

                • durangokidd

                  Semper Fi, brother. 🙂

          • blinky

            You cannot use the US military as the enforcement arm of the Federal Reserve
            if the Federal Reserve no longer exists. That is the plan.

            • durangokidd

              “That is the plan.”

              Whose plan ??? What are they going to replace the FED with, the US Treasury ??? Never happen.

              The FED is an evil, unconstitutional system, but it is also a very practical and relatively efficient system whose mechanisms services a complex assortment of nations, economies, investors, and currencies. 🙁

              • blinky

                Never say never. It hasn’t happened, yet. Whose plan do you think? You can’t see?
                Get rid of the Federal Reserve and there will be true prosperity once again.
                Not the enslavement we have now. What they do is criminal. Debt enslavement.
                The Federal Reserve feeds the beast which is the Deep State.
                They have been operating with impunity since 1913.
                Never been audited. No transparency whatsoever.
                Nationalize it.
                Fuck all the globalist bullshit which is what we have now with the central banks.
                It does not benefit the people.
                I don’t give a flying fuck if it benefits you.

          • Stuart

            DK, I wouldn’t ascribe to evil what is better explained as incompetence. Ivory tower college professors tend to be dumb as dirt which is why they are not employed by real world enterprises. Unfortunately, they are powerful with an absolute faith in their omnipotence. A very dangerous combination.

            • durangokidd

              I understand what you are saying as I ran into a number of boneheaded professors without a lick of common sense in University (mostly liberals), but these guys at the top of the financial food chain are not stupid. They are not incompetent.

              Generally speaking they are the best and the brightest in their field and they know exactly what they are doing, which makes GLOBALISM so evil.

              IE the systematic dismantling of the American Means of Production and the transfer of 70k factories and tens of millions of American jobs was deliberate and any one with a lick of common sense understood and a smidgen of economic education understood what the consequences would be when it started.

              Did you hear that “GIANT SUCKING SOUND” that Ross Perot warned US about ??? I’ll bet you did. 🙂

      1. Kevin2

        TPTB have been using the US military as essentially their personal enforcer throughout the 20th century. It’s sheer size and capability along with a control that TPTB have trained to do their bidding makes a replacement problematic and hence unlikely. This massive military, second to none singular or collectively has no conventional peer. This force is extremely expensive and its funding virtually requires unlimited resources. Removal of the USD reserve currency status jeopardizes this funding. Remove its chain of command that TPTB exercise significant control over in favor of a rival and this working “business model” can’t be replicated elsewhere. I see a symbiotic relationship between TPTB, the US government with MIC role as a beneficiary and cornerstone.

        I just cannot understand changing a model that has worked so well in the favor of TPTB.

        • Genius

          If it keeps on rainin’ levee’s goin’ to break
          If it keeps on rainin’ levee’s goin’ to break
          When the levee breaks I’ll have no place to stay.
          Mean old levee taught me to weep and moan
          Lord mean old levee taught me to weep and moan
          Got what it takes to make a mountain man leave his home
          Oh well oh well oh well.
          Don’t it make you feel bad
          When you’re tryin’ to find your way home
          You don’t know which way to go?
          If you’re goin’ down South
          They go no work to do,
          If you don’t know about Chicago.
          Cryin’ won’t help you, prayin’ won’t do you no good,
          Now, cryin’ won’t help you, prayin’ won’t do you no good,
          When the levee breaks, mama, you got to move.
          All last night sat on the levee and moaned,
          All last night sat on the levee and moaned,
          Thinkin’ ’bout me baby and my happy home.
          Going, go’n’ to Chicago,
          Go’n’ to Chicago,
          Sorry but I can’t take you.
          Going down, going down now, going down
          going down now, going down, going down, going down, going down
          Going down, going down now, going down
          going down now, going down
          going down now, going down
          Going d-d-d-d-down
          Woo woo

          • JRS

            @Genius

            lol…nice. One of my favorites. I’m starting to get them flashbacks again.

      2. ouch

        The reason why the interest rates are going up is because the rest of the world is dumping the US dollar and US Debt (bonds). As such to induce the rest of the world to continue to buy US debt they have to raise interest rates.

        The argument being made in the article might have been right back in the 80s or 90s but not in 2018.

        The rates will continue to increase to keep the world game going.

        • Medicalmauser

          Rates go up on the whim of the Fed, not the forex markets. Foreign banks have been demanding more dollars, not less. But if the fed keeps tightening dollar supply then they’ll start looking elsewhere for sure. You don’t know what you’re talking about.

        • durangokidd

          “The reason why the interest rates are going up is because the rest of the world is dumping the US dollar and US Debt (bonds). As such to induce the rest of the world to continue to buy US debt they have to raise interest rates.”

          Most countries selling US Treasuries in their reserve accounts, like China, are doing so to prop up their own currencies which are sliding against the dollar.

          At the end of every business cycle investment dollars return to the USA for “safety”. Raising rates contracts the money supply at home and abroad, tempering speculative or marginal economic activities: both tangible and intangible investments.

          That is the true purpose for raising rates. 🙂

          • Medicalmauser

            That’s the copy and paste wikipedia response, or something a central bank stooge would say to misdirect people. It doesn’t really answer the question of why the fed would encourage a speculative bubble for a decade and then suddenly kill it. The article does a better job of explaining the problem. The bankers are priming America for a great depression and a currency crisis, priming the people for their new world system.

            • durangokidd

              ” It doesn’t really answer the question of why the fed would encourage a speculative bubble for a decade and then suddenly kill it. ”

              The FED encouraged a very weak American economy with zero rates for a decade to HIDE the eventual economic impact of THE NWO GLOBALISTS systematically transferring the American Means of Production offshore for two decades to enrich the Uber Rich Investment Class, gutting tens of millions of American jobs in the process; in order to stimulate economic activity and PREVENT a Depression similar to the 1930’s.

              This business cycle is ending. Has ended. It has been slowing ending for about a year. Only TRUMP’S tax cuts have stimulated new business activities. That blip is over. The consumer is satiated with debt. Demand in housing, cars, and other durable goods are falling.

              The FED is behind the economic curve not in front of it. Higher rates hasn’t killed demand. It was already dead. But the FED’s willingness to raise rates in an attempt to “normalize” historic economic barometers finally signaled to market investors that the gravy train was really over; which has triggered the recent declines and volatility in the financial markets as investors adapt to this new financial environment.

              Why would the FED prime America for a currency crisis when the FRN IS THEIR CURRENCY ??? Their NWO SYSTEM IS ALREADY IN PLACE !!! 🙁

              • Medicalmauser

                Your claims are self-contradictory. You say on one hand that the fed was hiding the gutting of American production with zero interest rates, which mean you are admitting that the fed is part of a conspiracy to undermine the US economy. You also admit that the fed is knowingly deflating the bubble in the stock market. Then on the other hand your incapable of comprehending how they could also kill the US currency? If they’re willing to gut stab the US economy repeatedly until it breaks down, then why wouldn’t they go after the dollar, too? It’s already admitted they want to replace it with a world currency system anyway. You seem like you’re stumbling in the dark on what’s actually happening, but you copy and paste random central bank propaganda to try and sound like you know what you’re talking about.

                • durangokidd

                  “.. you are admitting that the fed is part of a conspiracy to undermine the US economy.”

                  Yes if it serves their profit interests. The goal of Globalism by the bankers was to create a billion more consumers in China to support the Investment Class. CUSTOMERS.

                  “You also admit that the fed is knowingly deflating the bubble in the stock market. ”

                  Yes they always do. They want a CONTROLLED demolition not a crash if they can do it. Bankers make money whether the markets move up or down. Banker’s want to CONTROL the global economies within a RANGE, not unlike a Bollinger Band.

                  “Then on the other hand your incapable of comprehending how they could also kill the US currency? ”

                  THE FRN IS THEIR CURRENCY !!! HAVEN’T YOU FIGURED THAT OUT YET ??? WHY KILL THE TOOL THEY USE TO CONTROL & PROFIT FROM A GLOBAL ECONOMY ??? DUH !!! 🙂

                  • Medicalmauser

                    You’re still contradicting yourself. If the Fed is undermining the US economy, how does this help them gain more “profit”? You would think the richer the country is the more profit the Fed can milk the people for. Also, as the Fed undermines the economy the dollar comes under risk anyway as the US ability to pay back its huge debts comes under question.

                    The thing is that profit is not the motive of the central bankers. Your main premise is completely wrong.

                    The goal is to destroy the US economy and replace the dollar system with a new global digital system. A cashless society. The dollar is just a tool that can be replaced like any other tool. Why you don’t get this fact is beyond me.

      3. B from CA

        I am going to start my own private bank.

        My 16 daughters are busy marrying aristocrats and royalty and having lots of children. So, I’m going to give each boy his own bank. My favorite smarty pants son will be in charge. A bank in England, in France, in Italy, in Switzerland, and some place else, So, when Harry needs money he can get it from Peter in France or Paul in Italy. Get it? It’s all one bank. I’ve got it. I will open a bank in New York. I’ll call it The Federal Reserve. Sounds official. Those dumb asses who get loans from us at interest will think the bank has something to do with their stupid government. And we’ll loan money to the government at interest. Kids, we’re going to be filthy rich. What about it; are you in?

        _

        • jackdaniels

          BfCA: You have doxxed yourself. I know who you are! You are Barnie “Fife” Rothschild, the master fumbler!

        • durangokidd

          “I am going to start my own private bank.”

          The BEST domicile for that activity is Hong Kong. 🙂

      4. Frank Thoughts

        A few ‘reveals’ to bring greater clarity to this discussion:

        1) Prior to 9/11 we were told ‘get into derivatives’: you will thrive and they are the tool. After 9/11 it became clear that they were the tool.

        2) Former British Prime Minister repeatedly said it was all about building a New World Order and that the world’s banks needed to work together on a coordinated bail-out of the system. He said that up to and after 2009.

        3) First pump, then dump. That has always been the method of financial control. Nothing has changed in that game.

        4) The biggest user of oil and gas in the world is the US military. Now things start to make sense don’t ya think? Feed the beast for the beast needs to control and stay top dog.

        5) The US has more bases and posts around the world than it ever has, surpassing the US military’s presence after WWII and in the 1950s. Keep in mind, in the 1950s the US military was kept out of the Communist sphere of the world. Now, this has shrunk and the US covers far more territory now.

        To summarize: the BIS controls the central banks (they meet every month) and the Pentagon controls most of the world.

      5. Beaumont

        imho, it does the opposite of whatever the market is doing — a sort of stabilizer.

      6. Jim

        Boom and bust helps control the population. It keeps the rich elites rich and the poor poor.

      7. Junious Ricardo Stanton

        The Fed did not just prolong the great depression it caused it by causing the recession during the final year of the Coolidge presidency that continued into the Hoover presidency. Under Harding and Coolidge (Harding died in office) the US cut taxes cut spending and paid down the WWI debt which generated a surplus of several hundred million dollars. Of course there were no New Deal Programs to fund nor a military industrial complex to gobble up funds and the US economy was morphing into a mechanized agricultural (as opposed to manual labor intensive) and industrial manufacturing based economy. The Fed caused the depression by tightening credit and withholding money from the system so no matter what Hoover attempted to do to resolve the situation the Fed’a actions undermined it. FYI when the economy implodes the banksters buy up assets pennies on the dollar to increase their wealth and holdings look at all the farms and businesses that were lost during the depression and the houses the banks reclaimed (although they were insolvent themselves) during the 2007-08 implosion. This is a system of pure usury plain and simple.

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