Federal Reserve killed by Covid19

It’s just a question at this point—but a very poignant one.

The Coronavirus legislation to stimulate America’s way out of the overhyped Wuhan Virus is spending $2.2 Trillion directly—but the privately owned Federal Reserve was just ordered to add $4 Trillion in liquidity as well.

That’s $6.2 Trillion folks!  How could this ‘private central bank’ take that order—unless Trump was now the Boss?  Did he nationalise the Fed? Was it tucked into the Relief Bill with all of the Democrats’ pork?

Rothschilds, Rockefellers, & Warburgs, oh my!  The richest men in the world created the U.S. ‘Federal Reserve’ in 1913.  It wasn’t federal or a reserve, so did Donald trump just ‘nationalise’ it?

The United States Government brought in only $3.3 Trillion last year in total revenues—while squandering $4.109 Trillion in just 12 months on mostly unconstitutional philandering by the Democrat-ruled House of Representatives.

Now, the Fed is packing $6.2 Trillion more of its funny money into the game.

The Federal Reserve profited on every one of these unbacked ‘Federal Reserve Notes’ printed under this outrageous scheme since 1913—which Trump has complained about since long before he thought of being president.

“The United States has the largest external debt in the world and the 14th largest government debt as % of GDP in the world,” according to Wikipedia.

Did he give us a hint this might be coming?

The total debt of America is about $23 Trillion in fact, and the Federal Reserve has even monetised foreign debt to create this massive amount. 

You read that right—they only print new dollars against new debt—even foreign debt.

Yes. They create funny money backed by obligations, rather than assets.  Got that? 

Every one of these fake dollars are printed against a negative obligation to someone else—that’s right—it’s only ‘backing’ is owing money to someone—even foreign nations’ debts to other people and nations have been used as an ‘asset’ against which to print Federal Reserve Notes.

Makes no sense to you? 

Then you understand it perfectly—because this whole ‘science of money’ as proponents of central banking call it makes no sense at all and never has.

And if President Donald Trump has quietly just nationalised this disgusting stain on America, then he may have also diverted much of that debt off of America’s balance sheet—and onto that of the non-Federal, non-Reserve known as the Federal Reserve.—a private central bank created and owned by the richest men in the world, that has issued America’s currency for over a century—and been paid outrageous sums to do it.

He can also quietly order them to issue enough of it to pay off all of America’s debt at one time—with those worthless notes.

This illegal entity is today owned largely by the major banks these wealthy men created, but it is still a private entity issuing the public currency—against which Founder Thomas Jefferson warned:

“I believe that banking institutions are more dangerous to our liberties than standing armies,” Jefferson wrote.

“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 (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”

“The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.”

Has President Trump put this illegal shell game under the direction of the U.S. Treasury as Jefferson suggested long ago?

Look, this is not simple, and I don’t mean to make it so.  We need trillions in long-term investments in the United States because of decades of neglect, but I think President Trump just took the first step.

We’ve got to fix America.  Riding up Interstate Highway I-85 in my home nation is somewhere between being on a bucking bronco and a bad ride at a county fair including bumper cars.

Our bridges are crumbling and water systems are failing in most major cities.

“According to its 2013 Report Card for America’s Infrastructure, the American Society of Civil Engineers (ASCE) estimates that America needs to invest $3.6 trillion in infrastructure by 2020.”

But this sum – targeted to roads, rail, bridges, power, water, schools and similar projects by 2020– was not spent.  It was talked about—a lot—but it did not happen—and America’s bridges did crumble.

So we need to fix some things before the money machine is shut down for good, but then it’s time to live within our means—and hold legislators who can’t do so to account for it.

How many ‘publicly funded abortions’ were performed and illegal immigrants supported by not fixing this bridge for the  Americans who drove over it every day?

We had too many abortions to perform, too many illegals to support, too many unnecessary Muslim wars to fight and too many serious transgender issues to address rather than fix America’s roads and bridges, you see.

We’re so deep into this madness that the President will have to keep the game going for a while—but at some point, nations who own most of this debt may be owed that money by the private ‘Federal Reserve’ instead of America and Americans—or take payment all now, in those Notes.

Everyone who lent money  to America (except its citizens, who’s Social Security ‘debt’ was put in this pot by the Government as an asset) did so with the promise they would be repaid in Federal Reserve Notes—not U.S. Treasury bills—so let the Fed print that money—roughly $23 Trillion—and pay it off now.

And I mean all of it.  Pay off the Fed owners $2.3 Trillion in their own trash, and the whole world as well, then shut it down.  The Federal Reserve Note will no longer be the sole legal tender of the United States and it will have to seek its own value against other currencies in the world market.

Sure, it can stay in use until they’re gone but then, we move back to Constitutional money and never make this mistake again.  We listen to Thomas Jefferson, as Donald Trump is hopefully doing.

Who owns U.S. debt by country?

So about 70% of the hit will be taken by the American people, but the fed bought 11.2% of this bad debt themselves and foreign nations own the rest

This may be the silver lining of the Wuhan virus—especially since the biggest loser may be the one that gave us this disease—China.

What would they do right now with 1.113 Trillion Federal Reserve Notes, no longer the required legal tender of the United States—which means that people no longer have to accept them?

This move would also open the door for diverse forms of exchange—for example President Trump has long favoured gold, and this week he talked about alternative currencies like Bitcoin.

Please keep in mind that this man does very little without purpose.  He was sending a very strong signal that the Federal Reserve Note will not be the only game in town for long.

Imagine with today’s computerisation what a true barter system might look like? I trade you some Kansas corn futures for a week at your condo in Aspen. You swap helping me out at the farm for an online grocery shopping certificate.

Is the world and America about to be freed from outrageous ‘legal tender’ laws that force all Americans and certain industries (like the oil trade, worldwide) to use the unbacked Federal Reserve Note for payment?

We can only hope so. 

If the Federal Reserve is now answering to the U.S. Department of Treasury—which answers to the President—then a new day is truly dawning in America.

It would be impossible to have worse guardians of the currency than the rogues who profited from the Federal Reserve printing press for over a century, but will the president actually use this power to limit spending and creation of unnecessary currency just to pump markets?

This week’s profligate spending bill is not a great time to ask that question, but you can bet many of us will as soon as the present hoopla has calmed a bit.

Shari Wassell interviews Howell on The Campaign Corner this week:

Will President Trump be a wise steward of the nation’s means of exchange, once wrested from the hands of the evil money-changers?

We’ll soon see.

Howell Woltz

The International Centre for Justice

Warsaw, Poland