Dollar Ponzi

Say Goodnight SWIFT & U.S. Dollar, No One Needs Ya — Joseph P. Farrell

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from Giza Death Star Community:

NEWS AND VIEWS FROM THE NEFARIUM FEB 9 2017 – Joseph P. Farrell

VIDEO:

The Nefarium has been busy this week, and I’ll bet you didn’t even hear about this one on the lamestream corporate globaloneyist media:

http://www.thedailyeconomist.com/2017…

2 Comments

  1. olde reb

    June 21, 2017 at 10:01 am

    EMBEZZLEMENT BY THE FEDERAL RESERVE ??
    “How does the Federal Reserve rape the United States ??” you ask. Let’s keep it simple. They can use the same agenda the Rothschild banks1 developed centuries ago but the methods of concealment are now much improved. 2

    The medieval Rothschild Bank would establish a line of credit for the King provided the King would issue a written promise to pay gold, with interest, to the bank at a time in the future. The book-entry Rothschild credit would be used to pay for obligations incurred by the king which would then circulate in the kingdom between merchants into perpetuity. The bank would sell the king’s promise of gold which had been received for the line of credit. The king’s promise would then be held by purchasers as an interest bearing investment. The promise would be renewed on its maturing date and continue to be rolled-over.

    VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bank had the gold; the public had a promise that the king would eventually pay them in gold—which would probably never happen. Everything went smoothly as long as the bank could sell the promise and the people did not demand the gold. 3 As Benjamin Ginsburg has lamented in FATAL EMBRACE; (financiers) AND THE STATE 4, eventually the schemes, which stole the wealth from the people, would come to a catastrophic climax. 5

    The Federal Reserve 6 does the same thing for the U.S. government’s deficit spending. Their wizard is hiding behind the curtain to obscurant any public inquiry.7

    The Federal Reserve bank of New York will grant credit (not “create money”) in an account of the US government with an amount that the government will pledge. 8 The government will expend the book-entry-credit account (deficit spending) to pay for goods and services consumed by the government. The suppliers are content. Evidence that the supplier has received a credit voucher is obvious. The heading of the currency given to the supplier by the local commercial bank is Federal Reserve Note; i.e., a debt obligation of the Federal Reserve. 9

    To sell the pledge from the government (the Treasury security) at the highest price, the bank will hold an auction but will camouflage it as an auction by the government. Acceptance of bids/interest rate and the amount of deficit spending permitted is controlled by the BOG.10 Government regulations clearly reveal the funds from the auctions are controlled exclusively by the FRBNY. 11

    In addition to the approximate $1 trillion annually auctioned for deficit spending (new cash), the roll-over of approximate $10 trillion debt from prior years (publicly held maturing) is annually auctioned and disbursed by the FRBNY. 12

    The difference in handling of the two accounts is the supreme camouflage. Funds for roll-over securities are credited by the FRBNY to a government account. The FRBNY then pays the Primary Dealers (from the government account) for their task in collecting the maturing securities from the public. There is no increase in the National Debt nor is there any inflationary pressure..

    If the funds from deficit spending securities were to be used in redeeming Treasury securities in the market (i.e., paid by the FRBNY to the government), it would eliminate any increase in the National Debt. It would also eliminate any increase in money in circulation (inflation). That clearly does not occur.

    WHERE DO FUNDS FROM THE AUCTIONS OF DEFICIT SPENDING SECURITIES GO ??

    The only viable dispersal of funds identifiable to this writer is the funds are commingled with funds to select Primary Dealers. If the Primary Dealers include shareholders of a privately held incorporated Board of Governors of the Federal Reserve, which would not have to reveal corporate records,13 the profit could be completely hidden from view. 14 The deficit spending amount 15 would be clear profit for the owners of the BOG.

    The statutory charter of the Federal Reserve stipulates profit of the operation belongs to the government. Concealment of funds that belong to the government appear to be embezzlement, among other crimes.

    Various theories abound on how the purloined funds have been utilized to the detriment of society. 16

    If the scheme is not exposed, Wall Street internal memos identify collection of the $20 trillion debt is the “ultimate goal” which would reduce the United States to the status of Greece. 17 Wall Street’s objective in Greece18 is not to exploit, but is to destroy Greece. 19

    We can rest assured the same scheme is used by the ECB with the Euro.

    • olde reb

      June 21, 2017 at 10:02 am

      footnotes deleted by post

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