
An Open Letter to Treasury Secretary Bessent
• https://mises.org, Thomas J. DiLorenzoDear Secretary Bessent, I read with great interest your July 21 comment at the Federal Reserve Capital Conference that: "What we need to do is examine the entire Federal Reserve institution and whether they have been successful. . . "
Of course the mission of the Federal Reserve has been a huge success, not for limiting inflation, but rather to control it... to extract the maximum amount of wealth from the nation without causing a rebellion of the populous. It has taken the general public well over 100 years to catch on, and it's not clear a majority actually have yet, despite decades of documentaries and efforts by the likes of G.Edward Griffin, Ron Paul and countless others to exposethe fraud and deception imposed on the American people by a cartel of private banksters for their own enrichment at the cost of innovation and personal freedom of the American people. Your letter to Bassett only shows your naivete, and your faith in the narrative concerning the purpose of the Federal Reserve.
The operation of the Federal Reserve system has successfully concealed the covert $37 Trillion profit of the past 100 years. The laundering of that nefarious illegal gain, including the Soros’ foundation, the southern invasion, and IMF/CIA coups is all for a globalist agenda. In 1913, the Rothschild Eastern European bankers, who had previously bankrupt numerous European nations and left the citizens impoverished, were able to successfully legislate the Federal Reserve Act. The Fed purchased Deficit Spending Treasury securities with book-entry credit. The Treasury paid govt suppliers with the book-entry credit. When cashed by govt suppliers, the credit identified the Federal Reserve Notes [FRN] labeled as Redeemable in Gold or Redeemable in Lawful Money. It was a debt of the Fed. --limit--