Letters to the Editor • Economy - Economics USA

THE YELLOW BRICK ROAD

Is this writing of interest ? Jim ************************************************************ Are you looking for the source of globalist funding ?? **************************************************** THE YELLOW BRICK ROAD TO DESTRUCTION Just as Dorothy and Toto found the wizard projecting a false image, the Federal Reserve beguiles the nation. The Federal Reserve does not want the public to understand their economic operation. Biden's nearly $2 Trillion annual deficit was cash money alleged laundered by Rothschild bankers for ActBlue, RINO; and administrative corrupt politicians; for funding invasion caravans and national pandemics; for funding IMF to oppress nations and initiate global coups; to further BlackRock and Vanguard acquisition of industrial control; to initiate military aggression against non-compliant nations; and other globalist projects. Deficit Spending Treasury securities [DS] are transferred from the U.S. Treasury to the Federal Reserve Bank of New York [Bank]. The Bank, as fiscal agent for the government enters the fiat credit value for government to spend into a government ledger. This private credit for the government to spend is received by suppliers of government, by checks, which are deposited or cashed at commercial Main Street banks. Value [inflation] is, by this means, added to circulation. The documents that may be received from the Main Street bank, if requested, are prominently identified as Federal Reserve Notes, i.e., the Fed owes you something. Historically, it declared in small print to be redeemable in gold or lawful money. After bogus legislation, FR Notes are now identified to be a legal tender. By this means, what was originally a debt of the Fed is now a debt of the people of the country. The status for Federal Reserve Notes [credit] to become a liability of the taxpayers was made in 1933. Ref. 31 USC §462, 463. For an alleged covert privately owned corporation, that has now issued $35 Trillion in credit and converted Treasury securities of that value to its private assets. The accounts have never been audited. The Fed operates under a charter which requires all such profit to be payable to the government. For the Fed to be identified as a government agency is not a suitable use of government authority and is deemed a fraud. Fraud appears to void any such legislation. Powell has declared he is going to sell assets on the balance sheets of the Fed, which include discounted MBS received as collateral [at face value ? ] for funds to rescue NY banks from bankruptcy in 2008, to the government. The nation of Greece recently went through a similar dilemma after a planned bankruptcy by Goldman Sachs. Greece is now controlled by financial entities identified as Troika. The Fed makes every effort to conceal the disposition of the DS Treasury securities. TreasuryDirect [TD] Institutional tabulations historically revealed that components of the DS securities, labeled as New Cash, are added to auctioned securities for redeeming [rolling over] maturing securities in the market. The FRBNY has exclusive control for the handling of auction funds, including the interest rate, and any related action they wish to claim. The TD values must come from the Fed. The relevant FRBNY client accounts [not operational accounts] receiving government money have never been identified or audited by the GAO. Requests to TD for enlightenment are futile. Ref: 31 CFR §375.3. The New Cash components, which total $35 Trillion over 100 years, do not appear on any additional government accounting sheet. If the funds went to government, it would eliminate any increase in the National Debt. The funds must go to a private entity, perhaps to shareholders of the closely held FR Board of Governors, Inc. That would appear to conflict with the charter provision that all profit of the Fed belongs to the government. "What is the object of the Fed?" you ask. Let Karl Marx give the answer: "The easiest way to overthrow a government is to debase [inflate] the currency." Permission to republish original granted.
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