Fed Chief Powell explains how his rate manipulations will ‘reset’ the housing market. Apparently, Powell wants All Americans to own property. But prices have made that American Dream unreachable. Powell’s brilliant idea: keep raising interest rates until mortgage rates are so high the housing market will collapse and thus spill over into every other domino industry whereby millions of workers will lose their jobs and have no income thereby allowing them the opportunity to buy a deflated home at a 15% interest rate…
“In early-2020 to combat the financial effects of the Pandemic, the Federal Reserve continued to apply high levels of monetary stimulus to further raise asset prices and support growth.”
Logic: After causing rising asset prices – aka homes, Powell now wants to destroy asset prices.
Powell is an attorney – not an economist, not a financial guru, not a monetary expert. As a republican, Powell was initially elected to the Federal Reserve by Obama, and later by Trump. Trump and Powell disagreed on just about every level of his actions. Ultimately, Powell was said to have given Wall Street a Bonus Trend while devastating everyone else.
Now, he is proving that his motives are to literally crash the US Economy completely. Following the exact same principles evoked by Carter, Powell is simply moving faster knowing that was Carter’s largess mistake. Considered one of the worst presidents in history, Carter is/was devoted to the NWO Cult. Powell is another rhino wearing a republican mask.
Federal Funds Rate Increase: So far this year the Federal Funds Rate has risen 3,963%. The Largest Increase in History!
First published in 1955, the purpose of the nongovernment Federal Reserve was to charge rates for the purpose of manipulating monetary supply and policy. The brainchild of six men who met at Jekyll Island in 1910: “In November 1910, six men – Nelson Aldrich, A. Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg– met at the Jekyll Island Club, off the coast of Georgia, to write a plan to reform the nation’s banking system.”
While these six men declared that monetary policy needed to be instituted at a nongovernmental level to ‘prevent’ recessions, all prior successive recessions were a direct result of banks and linked back to England…
After the installment of the Federal Reserve, all subsequent recessions occurred because of Fed actions as opposed to the actions of English Banks. “Panics” were now exclusively labeled ‘recessions’. The policies initiated by the Federal Reserve created and prolonged recessions, inflation, stagflation, depressions, and unemployment.
Nelson Aldrich: Creator of the Federal Reserve. Creator of Corporate Excise Tax. Creator of Constitutional Amendment for mandatory Income Tax. Promoted expanded government and regulation. His daughter married John D Rockefeller.
Henry Davison: A Banker – worked for the Astor Bank and JP Morgan. Created the International version of Red Cross.
Frank Vanderlip: A banker who became president of what is now called Citibank. Under Vanderlip’s leadership, The FR Act allowed banks to expand internationally.
Paul Warburg: Born in Germany, the Warburg family was a Jewish banking dynasty. He married the daughter of Solomon Loeb, significantly expanding his banking cartel. Jacob Schiff was partner at Loeb. Schiff hated the Russian Empire and financed the Japanese military in the Russo-Japanese War which preceded the Bolshevik Revolution in Russia. Schiff’s father was a broker for the Rothschilds.
The German takeover of the US Banking cartel was cinched by their creation of the Federal Reserve, Federal Reserve Rates via the Federal Reserve ACT..
During Carter’s reign of terror on the US Economy, unemployment rose to 9%, home mortgage rates rose over 14%, inflation was 18%, interest rates rose to 25%, and the economy tanked.
This is the economy Jerome Powell now seeks to imitate!
While the President appoints the Fed Chair and his appointment is approved by the senate – firing him would likely necessitate a reversal of appointment. Despite the organization Powell Chairs being a nongovernmental private agency, impeaching his term would be a difficult task. The most likely means would simply be to eliminate the Federal Reserve.
In order to End the Fed, the Congress must first repeal and abolish the Federal Reserve Act of 1913, deregulate commercial banks, and set up a legal framework that supports a free banking system.
Representative Ron Paul routinely introduced bills to abolish the Federal Reserve System, three of which gained approval in the House but lost in the Senate.
SO IT IS POSSIBLE…