Federal Reserve Initiates End Game As Trump Heads To White House

Zero Hedge ^ | 12-22-2016 | Tyler Durden

[UCANSEE2]

can the Fed reserves banksters be removed?

Only if we went back to the Gold Standard. Which we can't because there ain't no gold 'reserve' to use for that purpose.

[UCANSEE2]

The original name of the Federal Reserve was THE THIRD WORLD BANK. Actually, it started out as the FIRST WORLD BANK, then became the SECOND WORLD BANK, and now it is the THIRD WORLD BANK. The name was changed to the FEDERAL RESERVE BANK to make it sound more ‘American’.

[Jeff Chandler]

We were in the mood for some light-hearted entertainment and they mislabeled the movie.

[jdsteel]

“So actually there were good guys. They were in law enforcement with the SEC. But they were forced out or into early retirement leaving no good guys left on the field.”

The movie was exactly like watching a semi fictitious movie about a Super Bowl without ever mentioning the NFL, the rules of football, how the rules of football have been changed by those in charge, and the officiating.

The roots of the financial collapse were from the politicians who built a system by which they were able to increase their political power and personal financial wealth while forcing financial institutions to do things they never would have done otherwise. They gave permission to use mortgage-backed securities so the banks would not go out of business in the process. Nothing happened without both the push from and blessings of the Democrat party. Until it all fell down just in time to get Obama elected. I have been in the financial services industry for 30 years and paid attention while this was happening.

[Flaming Conservative]

Thank you.

[lazlohollyfeld]

Which is why the Fed raised interest rates at its first meeting following the election. Nothing had change in the economy from before the election. It’s just evidence they were propping up Obama and Democrats.

[johnk]

“.... If Donald Trump can lead Americans to flog the Federal Reserve bastards and make them heel, there will be a new face carved on the side of Mt. Rushmore.

Each President or Member of Congress that has tried to take on the Federal Reserve has either been assassinated, disappeared or suddenly, inexplicably retired....”

-This comment is more accurate that we know. That would be the true David versus Goliath story. Please God let this happen !

[Hostage]

The roots were indeed from politicians. That's a fact. It gathered around Senator Phil Gramm (R) and his leading the repeal of Glass-Steagall in 1999.

Gramm is on the left in the above photo. Looking at the two in the photo, we note their names are followed by (R)'s in the media. But to me, these two and many others like them would be just as comfortable with (D)'s by their names. They are Uniparty.

Gramm has a PhD in economics and his ideas sounded so good at the time. But his good intentions led the country down that well-known road straight down into Hell.

Like many politicians, Gramm did not fully consider the consequences which is surprising as he has a PhD and a requirement for that degree is to conduct thorough fact-finding considering all possible inducements to an innovation.

The fact that he was so inconsiderate to the history of Glass-Steagall makes me think he was being led by others with a self-interest in financial markets.

Glass-Steagall was signed into law in 1933 at the same time as its companion bill that created the FDIC. The two acts of Congress were not born from FDR but from the American people that had lost their life savings in cash in the bank. The bills were the appropriate political reactions to Americans wanting their government to protect their savings in banks.

The American people of 1933 demanded that actions be taken in the form of insurance (FDIC) and restrictions on banking involvement in investment markets (Glass-Steagall). Although FDR signed these bills into law, they were not bad bills and they were not born of the FDR Administration. Not everything FDR signed was bad. These were two of the best bills of the depression era.

Donald Trump has called for something like Glass-Steagall to be brought back. I can tell you this after watching old videos uploaded to the internet where Donald speaks before Congress on financial and banking matters, Donald is a master of finance, banking, regulation, trade and so on. People have no clue just how sharp he truly is on these subjects. If he is calling for a return of something like Glass-Steagall, we can bet he knows what he's talking about.

[HLPhat]

As long as we're draining the swamp...

How'bout a little plastic surgery?

[SaveFerris]

[ “In fact, the Fed along with other central banks like the ECB has been slowly peeling back pillars of support from markets that have been in place since 2008-2009 and leaving the system open to a crisis event that should have been dealt with years ago......deliberate destabilization...” ]

When it goes, it’s gonna be bad. Of course with the safety switches, it’s going to take a few iterations. The global shock of 2008 was evident in all the shipping, er ships, parked because they had nowhere to go.

[SaveFerris]

[The Federal Reserve is neither “Federal” nor a “Reserve”.]

Yep. But what’s the latest news on the Kardashians? Beyonce and Jay-Z? What’s trending on ZuckerBook? Have you seen the price of arugula lately?

Today’s 25-and-under crowd probably couldn’t make themselves a grilled-cheese sandwich and would still need the crust cut off.

We live in interesting times.

[SaveFerris]

[Each President or Member of Congress that has tried to take on the Federal Reserve has either been assassinated, disappeared or suddenly, inexplicably retired.]

Which tells you that the money and power behind this thing is beyond huge. /Captain Obvious

I believe Hillary was their next planned operative. Which would help explain her over-confidence.

[SaveFerris]

How much was it Bush was borrowing from China to pay for nation-building in Iraq and Afghanistan? I seem to remember a monthly figure but now it seems too high. I just remember thinking we were in huge financial trouble at the time. And, I think it was only 2-3 years before 2008.

Which gave us the fraud who has dug the hole even deeper; all the while being patted on that back.

[editor-surveyor]

.
Be armed; be alert.

The next phase will be rocky and violent.
.

[SaveFerris]

I guess I only know about ‘63. List? TIA

[ForYourChildren]

Great post!

I especially enjoyed the last paragraphs:

“The whole thing smelled like a big load of Clinton.

They got away with it. CRIME DOES PAY! At least it did under Clinton 42, Bush 43, and Obama 44. It pays BIG if you’re lucky to get in and out at the right times. We’ll see if crime continues to pay under Donald Trump. Somehow I don’t think so.”

[moehoward]

I’m convinced they made the movie so no more people would read the book, which is very informative.

[Flavious_Maximus]

They printed that $4 trillion out of thin air. So by all means, lets pay them back with 4 trillion of air.

[Captain7seas]

I remember Charles Collins who ran for President a decade ago saying that there was a provision in the original agreement that stipulated we could buy out the Federal Reserve for $60 million.

Seems like something that should be researched.

[Toddsterpatriot]

The Federal Reserve gave obama 8 years of zero interest rates and $5 Trillion in debt monetization.

Before the crisis, the Fed held about $750 billion in Treasuries. Now, almost $2.5 trillion. They monetized about $1.75 trillion, not $5 trillion.