Episode Details

If you regularly read or listen – hopefully you do both – you know I am no fan of the Federal Reserve. From its genesis on Jekyll Island to its mishandling of crisis after crisis to its unholy relationship with the World Bankers and the globalist cabal at the World Economic Forum, at no time has the Federal Reserve ever sided with the people. They simply aren’t set up to do that, nor do they see any benefit in it.

The Federal Reserve is not a government entity. It is a conglomerate of big bankers, assembled into a regional system that looks out for the banks. It is, by their own admission, the Central Bank of the United States even though no federal authority was given for the creation of a central bank. In fact, the United States had a decentralized banking system (if that sounds familiar give yourself a merit point) until the Federal Reserve Act of 1919 – thanks for the screwing again, Mr. Wilson.

The Federal Reserve Act created the Federal Reserve System, responsible for managing the country’s money supply, making loans and providing oversight to banks, and serving as a lender of last resort. It also created a national currency and a monetary system that – they insisted – could respond effectively to the stresses in the banking system, creating a “stable” financial system. A later amendment requires the Federal Reserve “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”

Just A Bang-Up Job…NOT

And you’ve seen what a fine job the Federal Reserve has done in executing its responsibilities. Since 1919, we have seen the:

* Depression of 1920

* Wall Street Crash of 1929

* The Great Depression of 1929 – the worst economic crisis of modern history

* The Energy Crisis of the 1970s

* The Recession of the early 1980s

* The Savings & Loan Crisis of 1986

* The Black Monday Stock Market Crash of 1987

* The Recession of the 1990s

* The Recession of the Early 2000s

* The Dot.Com Bubble Burst of 2000

* SubPrime Mortgage Crisis of 2008

* And the double dose of Black Monday and Black Thursday in the 2020 Stock Market Crash

Yes, we see Federal Reserve chairman Jerome Powell talking about doing all he can to stem inflation, but the fact is the policies of the Federal Reserve put the economy into the unstable state it exists in today. And looking at that list of financial catastrophes, was anyone or any organization “bailed out” other than the big banks and gamblers of Wall Street? I dare say, no.

Exhibit A

The subprime mortgage crisis of 2008 stands as a perfect example, although there were many more guilty parties to that fleecing of the United States than just the Federal Reserve. In that instance, the entire financial sector stood guilty of grifting the system; using other people’s money to gamble with and losing. In that massive economic “miscalculation”, people from all walks of life lost lifetimes worth of accrued wealth, all because of the avarice of Wall Street gamblers, their investment banker enablers, and – yes – the Federal Reserve.

Consider this. Do you really know what a hedge fund is? In short, these are wealthy groups of people who half the time bet on an asset losing or “hedging” their “bets”. Those who manage hedge funds can literally make money off of a loss. How is it pro-American to hope that someone loses financially; that people invest money in the hope that someone fails? Yes, it’s more complicated than that but the fact remains, if that investment were used to support business rather than bet against it, how many companies would still be around today? How many people would be gainfully employed?

Further, there are investment vehicles that are used that allow investment bankers and hedge fund managers to take great risks – placing very risky “bets” – with other peoples' money. A look at the 2008 subprime mortgage crisis is a p