The Federal Reserve Bank

The Federal Reserve Bank is not a US governmental institution. even though most Americans think it is. This has been a fallacy perpetrated on the American people for almost 100 years now. It is independent of the US government but through some nonbinding laws is somewhat accountable to the US Congress but has never been audited or truly overseen by the Congress. The chair and board of governor's staff testify before Congress and submit a Monetary Policy Report twice a year. Independently audited financial statements and FOMC meeting minutes are public but they are only superficial to reality. In reality, it is a cabal of bankers that have had free reign to print money out of thin air for almost 100 years. They then charge the American people interest on that creation of money. Not a bad gig if you can get it.

U.S. Ambassador Slams China’s Stance on Hamas, Taliban Wants to Join China’s Belt and Road 

AP Images Nicholas Burns During an interview with Bloomberg Television on October 19, U.S. ambassador to China Nicholas Burns urged the Chinese government to condemn terrorism by Hamas, arguing that Beijing’s stance toward the group was another major division in already-deteriorating bilateral ties between China and the United States.   President Joe Biden reinforced America’s strong support for Israel during a...

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Government Interest Payments Now Top Defense Spending

Vertigo3d/iStock/Getty Images Plus The federal government is now spending more to pay interest on the government’s gross debt of $33 trillion than it does on national defense, according to the U.S. Treasury’s monthly statement.  The reported data totaled government receipts and outlays for fiscal year 2023 through August, noting that over $807 billion has been spent in interest on the nation’s...

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One a Penny, Two a Penny

Politics One a Penny, Two a Penny The joke of a recession is on the middle class, whose money means less than ever.  Credit: RomanR Recession or no recession, many Americans have taken the economic stress of the last few years on the jaw. While inflation slows, the Wall Street Journal reports this week that the Fed’s interest rate hikes...

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House Committee Passes Anti-CBDC Bill

bin kontan/iStock/Getty Images Plus The House Financial Services Committee has been busy of late. On Wednesday, September 20, no fewer than 11 separate pieces of legislation were passed out of committee, a number of which have very positive ramifications for the cause of liberty. Perhaps the most important is H.R. 5403, the “CBDC Anti-Surveillance State Act,” which would ban the...

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How States Can Nullify to Enforce the Constitution

alancrosthwaite/iStock/Getty Images Plus The federal government — including the legislative, executive, and judicial branches — has for decades implemented and enforced unconstitutional and increasingly-socialist policies. These policies and programs have significantly increased the size of government, and are pulling our Republic away from the U.S. Constitution and its founding principles as enshrined in the Declaration of Independence. However, the situation...

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The Recession is Here! – Liberty Sentinel

Originally published in The Daily Doom. In this weekend’s “Deeper Dive” I laid out the facts and meaning of our first notable rise in unemployment. Today, I present for everyone a graph showing that, based on a recession indicator that has almost never failed to be SPOT ON, we are now entering a recession. Since we entered a recession (based on the...

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Fed Prepared to “Raise Rates Further”

DNY59/iStock/Getty Images Plus The opening remarks by Federal Reserve Chairman Jerome Powell at Jackson Hole on Friday put Wall Street back to sleep. He said that the Fed is “prepared to raise rates further if appropriate.” That signaled market watchers that the rise in stocks since March will likely continue. The benchmark S&P 500 Index has leapt 15 percent in...

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Nearly a Fourth of States Introducing Biometric Digital IDs — and More Than Half Are Republican ‘Red’ States

LeoHohmann.com If there is one indisputable fact when it comes to the epic changes now enveloping the world as everything, even money and humans themselves, become digitized, it’s this: The race to install a global totalitarian control grid is taking place outside of the normal left-right paradigm. Everything you see being argued within a left-right dynamic is a smoke-screen meant...

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It’s Happening: Bond Yields Soaring, Banks Sliding, BRICS Busting

This morning US Treasury yields rose above yesterday’s high close. Now they are hovering right around it. Yesterday put the 10YR Treasury — fundamental in pricing mortgage interest — at its highest since 2007. This year’s meteoric rise, related in large part to a gaping US deficit, and the corresponding massive issuances of Treasuries following the government’s release from its...

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Efforts to Protect US Intensify Amid Global Shift From Dollar

Calls from Congress and state houses to the private sector for out-of-the-box thinking, such as repegging the currency to gold or declaring precious metals to be legal tender, are growing. With inflation plaguing the economy as the U.S. dollar is increasingly being sidelined in international trade, potentially even at risk of losing its status as the global reserve currency, lawmakers...

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De-Dollarization Will Change the World, But It’s Still a Long Way Off – Watching America

Recently, many countries have been nervous about the continuing interest rate hikes by the Federal Reserve, the outflow of U.S. dollar assets and reduced foreign exchange reserves. Furthermore, earlier this year, the U.S. hit the debt ceiling, creating a crisis that made many countries concerned about America’s hegemony in the international financial system. Many of these countries are eagerly trying...

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Another U.S. Credit Rating Downgrade; Are More Coming?

hamzaturkkol/iStock/Getty Images Plus Fitch Ratings, one of the three major credit rating services that ranks government debt, was brutal in its assessment on Tuesday of the United States government that caused it to reduce its rating from “prime” to “high medium grade.” It explained: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three...

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