Weekly Update --- Forget the Russians - It’s the Federal Reserve Seeking to Meddle in Our Elections
The Fed is political.
The Fed is political.
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Federal Reserve's Monetary Manipulation
00:02:03
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| Hello everybody and thank you for tuning in to the weekly report. | |
| Forget the Russians, it's the Federal Reserve seeking to meddle in our elections. | |
| The U.S. Constitution never granted the federal government authority to create a central bank. | |
| The founders, having lived through hyperinflation themselves, understood that government should never have a printing press at its disposal. | |
| But from the very beginning of America's founding, the desire for a crony central bank was strong. | |
| In fact, two attempts were made at creating a permanent central bank in America prior to the creation of the Federal Reserve. | |
| Fortunately, the charter for the first bank was allowed to expire in 1811, and President Andrew Jackson closed down the second bank in 1833. | |
| But unfortunately, a third attempt was successful and the Federal Reserve was unconstitutionally created by Congress in 1913. | |
| Americans have been living under a corrupt and immoral monetary system ever since. | |
| The Federal Reserve is the printing press that financed the creation of the largest government to ever exist. | |
| Endless welfare and endless military spending are both made possible by the Federal Reserve. | |
| The Fed can just print the money for whatever the U.S. establishment wants, so those of us who long for a constitutional and limited government have few tools at our disposal. | |
| Despite all the propaganda claiming independence, the Fed has always been a deeply political institution. | |
| Because the Fed is a government-created monopoly with key government-appointed employees, its so-called independence is a mere fiction. | |
| However, the U.S. Congress created the Fed with legislation. | |
| It can also abolish the Fed with legislation. | |
| Last week, the façade of the Federal Reserve independence was dealt a severe blow. | |
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Fed's Fictional Independence
00:01:53
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| Ironically, the person who broadcast to the world that the Fed is anything but independent was ex-New York Fed President Bill Dudley. | |
| Dudley wrote that, Trump's re-election arguably presents a threat to the United States and global economy. | |
| And if the goal of monetary policy is to achieve the best term economic outcome, the Fed's officials should consider how their decisions would affect the political outcome of 2020. | |
| The timing of Dudley's threat to use Fed monetary policy to affect the outcome of a U.S. election couldn't come at a more striking time. | |
| After all, for more than two solid years, Americans have been bombarded with fabricated stories about Russians rigging our elections. | |
| And yet here it is a Federal Reserve official threatening to do the same exact thing, but this time for real. | |
| Whether it's the mainstream media, the CIA, the FBI, or now the Federal Reserve, more and more Americans are waking up to the fact that there is a deep state in America and its interests have nothing to do with American liberty. | |
| In fact, our liberty is what the deep state wants to abolish. | |
| When it comes to the Federal Reserve, I stand firmly by my conviction that it needs to be audited and then ended as soon as possible. | |
| America's founders were not perfect. | |
| They were human beings just as capable of error as we are. | |
| But they had a remarkable understanding of the ideas of liberty. | |
| They understood that liberty cannot exist with a government that has access to a printing press. | |
| Sound money and liberty go hand in hand. | |
| If we want to enjoy the blessings of liberty, we must audit and then end the Federal Reserve. | |