The following documentary by James Corbett of The Corbett Report describes the Federal Reserve System and how it came into being.
Is the Federal Reserve a government institution? How and when was this central bank of the United States formed? Why are US citizens forced to divulge all their financial information under penalty of law, yet that of the Federal Reserve remains veiled? The following short video sheds light on this otherwise dark banking enigma.
For more information on this shady outfit, read this brief article on exactly how the Federal Reserve System works. And see a simple, illustrated example of the subtle fleecing of the US currency system since the Fed’s inception.
100 years ago today, President Woodrow Wilson signed the Federal Reserve Act into law. (How the institution’s framework was actually put together is revealed in Griffin’s Creature from Jekyll Island and is a must read.) In the previous post, James Rickards gave his critique of the Fed’s recent performance, but in the following video, Consuelo Mack gives a brief history of the Federal Reserve’s ascension to power and interviews James Grant and Richard Sylla to get their views on what ‘the Creature’ has accomplished over the past century.
This documentary by the Renegade Economist reveals the cycles that all the empires of the world have followed and how they all eventually fail. The current disparity between the very rich and the very poor is but one indication that today’s western empire, led by the U.S. is approaching its end.
During the Clinton administration, Brooksley Born became chairman of the CFTC and then began warning everyone about the unregulated derivatives market, where hundreds of trillions of dollars are estimated to be invested. Unfortunately the current economic leaders of the time – Alan Greenspan, Larry Summers and Robert Rubin – did everything in their power to silence Born. Since then, we’ve had a near disaster and a semi-collapse in the economy stemming from these derivative markets and yet, the problems have still not been addressed.
The Warning – Long before the economic meltdown, one woman tried to warn about the threat to the financial system…
Grant Williams, of Vulpes Investment Management, provides us with a brilliant presentation explaining how greed and fear play into the making of economic bubbles. After giving a few examples of historic bubbles of the past, Williams then goes on to describe two bubbles in the present. Spoiler alert!
- The Tulip Bubble of the 1630’s
- The South Sea & Mississippi Company bubbles of 1720
- Government Bonds (today)
- Gold (today)
Williams presents the latter two bubbles happening today as one nearing a collapse and the other in a “sweet spot” ready to enter the hyper-inflating mania phase.
Three SWIFT transfers of $5 trillion each have supposedly been executed – initiated from the Federal Reserve Bank of New York, to JP Morgan Chase, to HSBC/London, and finally to the Royal Bank of Scotland. Executives at HSBC and RBS have verified the receipts of the transfers, but the money isn’t in any accounts and the purpose of the transfers is unclear.
According to Lord James of Blackheath, there are three possibilities:
- There may have been a massive piece of money-laundering committed by a major Government who should know better.
- A major American department has an agency which has gone rogue on and has created a structure out of which it is seeking to get at least €50 billion.
- This is an extraordinarily elaborate fraud, which has not been carried out, but
which has been prepared to provide a threat to one or more Governments if they do not make a pay-off.
Read the entire transcript here.