In the end - the Globalists' goal is to take and centrally control your money, your food, your energy and your life and con you into believing it's for your own good!
The Federal Reserve Is About to Start Losing Money; What Does That Mean?
From Peter Schiff’s website:
SEPTEMBER 8, 2022 BY MICHAEL MAHARREY
What happens if the Federal Reserve loses money?
The Fed typically earns interest income from all of the bonds it holds on its balance sheet. It also collects fees for services that it provides. Most of any Fed operating profit is remitted to the US Treasury under federal law. That money becomes part of the federal government’s operating budget. In other words, the central bank (Federal Reserve) serves as a revenue source for Uncle Sam.
In 2021, the central bank reported a net income of $107.8 billion and sent $107.4 billion to the US Treasury.
But it is possible for the Fed to lose money. In fact, it will likely do so in 2023. If so, it would be the first operating loss since 1915.
While the Federal Reserve earns significant income from its massive balance sheet, it also has expenses. It pays commercial banks interest on reserve balances held at the central bank, along with interest on reverse repurchase agreements. The Fed also sends dividend payments to Fed member banks, and it has its own operating expenses.
As the Fed raises interest rates, it increases its own interest expenses. The interest generated by the bonds held on the balance sheet remains unchanged. Meanwhile, quantitative tightening decreases its balance sheet and reduces its interest income. The recent rapid increase in rates puts the central bank in a position that will likely mean an operating loss in the next fiscal year.
That raises a question: how will this loss affect the federal budget?
The most obvious impact is the US government will see a reduction in revenue which will increase the federal budget deficit.
Given that the US government reaps the benefit of central bank profits, you might think it would also bear the burden of a loss.
Not exactly.
We live in a world where the Federal Reserve gets to make its own accounting rules. And according to its own accounting rules, any net loss magically turns into a “deferred asset.”
[I]n the unlikely scenario in which realized losses were sufficiently large enough to result in an overall net income loss for the Reserve Banks, the Federal Reserve would still meet its financial obligations to cover operating expenses. In that case, remittances to the Treasury would be suspended and a deferred asset would be recorded on the Federal Reserve’s balance sheet.”
Under this scheme, an operating loss will not reduce the Fed’s reported capital or surplus. The bank will simply create an “asset” on its balance sheet out of thin air equal to the loss and business will continue as usual. (This is kind of like money printing.)
Once the Fed returns to profitability, it will retain profits in order to reduce the amount of this imaginary asset. In other words, the US government won’t get any money from the Fed until this “asset” is zeroed out. At that point, the Fed will resume sending money to the federal government.
In effect, this means the US government will see a reduction in revenue resulting in a budget deficit higher than it otherwise would have been.
The American Institute for Economic Research sums it up.
Simple accounting logic suggests that if the federal budget deficit is reduced when the Fed earns revenues in excess of expenses and remits these profits to the US Treasury, Fed losses should increase the reported federal budget deficit. This is especially true since Federal Reserve System losses now include the hundreds of millions of dollars of off-budget funding it is required to transfer to run the Consumer Financial Protection Bureau. If the current accounting rules remain unchallenged, the Congress could pass new legislation requiring the Federal Reserve to fund any number of activities off-budget without any impact on the reported federal budget deficit.”
This isn’t good news for a government already buried in debt and running massive budget deficits month after month. It means the US government will have to borrow even more money that the Fed will ultimately have to monetize.
This is yet another reason the Fed will find it very difficult to reduce inflation. Raising rates and shrinking its balance sheet to tame the inflation dragon means more pressure on the central bank to prop up the borrow and spend economy. This necessitates lower interest rates and quantitative easing.”
Before the Federal Reserve (central bank) was founded in 1913, America was plagued with financial crises. At times, these crises led to "panics" in which people raced to their banks to withdraw their deposits. The failure of one bank often had a domino effect, in which customers of other banks rushed to withdraw funds from their own banks even if those banks were not in danger of failing. Banks said they needed a source of emergency reserves from a central bank to prevent the panics and resulting runs from driving them out of business.
What led to the creation of the Federal Reserve? A particularly severe panic in 1907 resulted in bank runs that ultimately led the Democrats in Congress in 1913 to write the Federal Reserve Act. In 1912, Democrats won the White House and majorities in both houses of Congress. Even before his inauguration, Democrat President-elect Woodrow Wilson began encouraging congressional leaders to enact banking and currency reform and create the Federal Reserve.
The Federal Reserve System was allegedly initially created to address these banking panics. It is now charged with several broader responsibilities, including keeping inflation down, fostering a sound banking system and a healthy economy. How’s that going? JFK and Trump both wanted to end the Federal Reserve. They assassinated JFK for that and drove Trump out of office. Andrew Jackson actually shut down an early version of the Federal Reserve and was censured for it.
Now the Globalist banksters are trying to create a GLOBAL FEDERAL RESERVE with a ONE WORLD CURRENCY that they can use to track and control our every move - that’s what the GREAT RESET is all about. How do you think that will work?
Twenty years ago, on September 8, 2002, Dick Cheney appeared on Meet the Press, with Tim Russert, starting the push for the invasion of Iraq.
He cited a piece in the New York Times from that morning which falsely claimed Iraq got aluminum tubes for a nuclear bomb.
The false story was actually planted in the New York Times by the Bush-Cheney administration. This is how they work!
Here is a complete transcript:
https://www.leadingtowar.com/PDFsources_claims_aluminum/2002_09_08_NBC.pdf
Planting stories and circular reporting is a commonly used technique by the Government and its fake news partners to manipulate public opinion.
For example, Anthony Fauci's emails showed that he secretly helped craft the highly influential "Proximal Origin" paper that pushed the idea that COVID came from a wet market and was not made in a lab in Wuhan, China.
Fauci never told anyone that he helped write the paper, but he repeatedly cited the paper to the media in order to dismiss the lab leak hypothesis as a "conspiracy theory.”
https://comer.house.gov/2022/1/comer-fauci-s-emails-raise-questions-of-lab-leak-cover-up
The coup plotters within the FBI and DOJ used this same technique to try to frame President Trump for the Russia Russia hoax, 2 impeachments and now to justify the raid on Mar-A-Lago and his future indictment. You’d think the people would be wise by now!
The Rothschild globalist banking family - who is aligned with Soros, the central banks - and worth TRILLIONS of dollars - is spreading propaganda on Twitter about Trump right now - with NO evidence. The fake news will pick this up as fact. Why do the central bankers support Democrats and not Trump? That alone should be a red flag for liberals:
ROTHSCHILD: “Did Trump sell (or copy) any of our nuclear secrets he stole & refused to give back to US? Why did Saudi Arabia give Jared $2 billion? Why did China give Ivanka special trademarks? What foreign governments paid Trump Org during his presidency for access & policy?
Even if you took the worst accusations from Republicans about Hunter Biden, they would be footnotes in the corruption of the Trump Family. Two of whom were given top clearance to sell our secrets, while the other two sold access to the regime.
Trump's PAC has been obviously defrauding his supporters in his advertising, and then using the money mainly for personal gain (paying family, friends, companies he owns, and hush money) AND some towards an insurrection. Investigation is way overdue.”
TRUMP SPOX: “Rothschild is an inbred elitist sphincter whose family craves control. That’s one reason why he constantly lies about President Trump. Soros’s political agenda REQUIRES a pandemic. Soros is the real virus behind everything.”
BTW - every time someone says something true about the Rothschilds or Soros on Twitter or Facebook - they’re called a “QAnon conspiracy theorist” - or vilified as anti-Semites.
Although I can’t prove it - I’ve read enough about the Rothschild dynasty over the years to come to the conclusion they are frauds and not Jewish at all! I know for a fact that Soros is an ATHEIST who helped the NAZIs round up the Jewish people during the Holocaust! He told 60 Minutes that himself 20 years ago!
PRESIDENT TRUMP: So now the FBI & Biden Department of “Justice” leakers are going to spend Millions of Dollars, & vast amounts of Time & Energy, to appeal the Order on the “Raid of Mar-a-Lago Document Hoax,” by a brilliant and courageous Judge whose words of wisdom rang true throughout our Nation, instead of fighting the record setting corruption and crime that is taking place right before their very eyes. They SPIED on my Campaign, lied to FISA COURT, told Facebook “quiet,” preside over worst CRIME WAVE ever!!
They leak, lie, plant fake evidence, allow the spying on my campaign, deceive the FISA Court, RAID and Break-Into my home, lose documents, and then they ask me, as the 45th President of the United States, to trust them. Look at the I.G. Reports on Comey, McCabe, and others. Things are safer in the middle of Central Park!
The DOJ has proven, THEMSELVES, that the raid was political by the mere fact that they are selectively leaking info to their fellow leftists in the media to disseminate the information.
It is a coordinated operation. And it is for the SOLE purpose of keeping him out of the White House. When will they learn that the more they smear, the more we support? Independents & some moderate Democrats can see this as what it is as well.
A political hit job.
Paul Sperry, Steve Bannon, Mike Davis and Julie Kelly have all posted things you need to hear…
PAUL SPERRY: Biden DOJ/FBI planning more raids of Mar-a-Lago and other Trump properties.
Biden DOJ/FBI has impaneled another criminal grand jury to investigate Trump’s Make America Great Committee, parent of the Save America PAC which has been raising small donations in response to the FBI's raid and latest "witch hunt" targeting Trump.
JULIE KELLY: A grand jury handled by Beryl Howell, appointed to DC District Court by Barack Obama, continues to escalate investigation into anything related to Donald Trump. GOP—cut off funding to DC US Atty office and impeach Beryl Howell.
JULIE KELLY: If Judge Cannon should recuse herself as a Trump appointed judge then Merrick Garland, Lisa Monaco and Matthew Graves should recuse as Biden appointees. So too should ever Obama-appointed judge on DC District Court but that’s not happening.
DC District Court Chief Judge Beryl Howell was appointed by Barack Obama. She’s an open partisan in court and doesn’t attempt to hide her contempt for Trump and his voters. She’s handling the J6 grand jury—she should’ve recused right away. But here we are.
PAUL SPERRY: Sources tell me Biden DOJ was also after Trump papers on Iran, particularly info about his dismantling Obama's Iran nuke deal. Who would be most interested in securing that information? The architect of the Obama deal who's now busy in the West Wing hammering out another sweetheart deal for Iran: JAKE SULLIVAN. He is Biden's national security adviser. Who is Sullivan's spouse? The counselor (top aide) to Attorney General Merrick Garland, who personally ordered the raid on Trump's Mar-a-Lago estate to allegedly find and seize "nuclear secrets." His aide's name is Maggie Goodlander. Coincidence? Don't bet on it.
PAUL SPERRY: Biden’s dark speech was voter suppression. By repeatedly and relentlessly demonizing and trying to shame 74 million "MAGA" voters as "a danger to democracy," he was not-so-subtly bullying them into sitting at home on November 8 and not going out and voting for Trump-endorsed Republicans.
Biden essentially warned all voters that if they join "MAGA Republicans" in voting for such candidates, they'd be "fanning the flames of political violence" and even "destroying American democracy." This is the first time in American history that a president in so many words threatened voters not to vote for his and his party's opponents.
Sources say the architect of One-Party State Joe's "Red Dawn speech" is White House adviser Anita Dunn, a ChiCom apologist who has claimed Mao as one of her favorite "philosophers."
PAUL SPERRY: DOJ's so-called "taint team" that was supposed to filter out privileged material seized from Trump's home failed to adequately identify such material, exposing at least two FBI investigators to the material and potentially tainting them; yet DOJ has not taken steps to wall off the two "tainted" agents from the investigation, according to a new court filing
The Biden DOJ admits it seized more than 520 pages of material from Trump's home that was subject to attorney-client privilege, according to new court filings. It also confiscated more than 1,800 personal items and effects including: clothing; books; magazines; press clippings; photos and photo albums; 3 passports; medical records; and tax and accounting documents. A special master will now determine whether the personal items actually have, as DOJ claims, "evidentiary value" or if they should be returned to Trump.
New court documents reveal that less than half (13) of the 27 boxes/containers the FBI seized in Mar-a-Lago raid contained one or more documents with classification markings, and less than 1% (100) of the total 11,000+ documents confiscated included any classification markings. The Biden DOJ admitted "the volume of material at issue is not large"
Something nobody's asking: What's the CHAIN OF CUSTODY over those 27 boxes/containers the Biden DOJ seized? Who has access? Who can rifle thru their contents?
You have to put yourself in Trump's shoes to understand the depth of the violation and the breadth of the anxiety he's going through after they ambushed him while he was 1,200 miles away:
-- They never told him exactly what they hauled off--they were allowed to take virtually anything--so he doesn't know everything they have
-- Will they leak it to CNN, NYT, WaPo?
-- Share it with Cheney? Schiff?
-- Pomerantz? James?
-- Does DOJ now have his RICO case legal strategy vs DOJ?
-- Do they have his 2024 campaign strategy vs. Biden, whose political appointee personally OK'd the ambush on Trump's inner sanctum?
PAUL SPERRY: Longtime Hillary Clinton confidante Huma Abedin contemplated suicide after FBI child sex-crimes agent John Robertson in New York blew the whistle on hundreds of thousands of Hillary/State Department emails found on her husband Anthony Weiner's laptop, forcing then-FBI director James Comey to reluctantly (after a month-long coverup) reopen the email investigation of Hillary, which according to Abedin, cost her boss the election.
Hillary "single-handedly lost because of me," she told Book-TV, and she feared the crushed Democratic hopeful would fire her. The guilt still "creeps up on me," Abedin said. She sought "professional help" after she couldn't eat or sleep and thought of stepping off a New York subway platform to her death. She still works for Hillary.
PAUL SPERRY: Even though the unique classified material was improperly stored and transmitted by Hillary Clinton on an unsecured device, allowing “foreign actors” to gain access to unknowable quantities of classified material, the FBI did not refer the matter to U.S. intelligence agencies to determine if national security had been compromised, as required under a federally mandated “damage assessment” directive.
The newly discovered classified material “was never previously sent out to the relevant original classification authorities for security review.”
MIKE DAVIS: Biden DOJ waited 18 months to get the records.
Now they’re pretending a special master will slow down their case for too long.
They want to indict before election?
Why are they worried about a neutral party checking their homework?
What are they hiding?
PAUL SPERRY: What do John Brennan, the late Harry Reid and Adam Schiff all have in common, besides falling for and pushing the Russiagate hoax? They all believe (believed, in Reid's case) in UFOs and had been pushing for government UFO programs and reports for years. In fact, they are partly responsible for the recent UFO mania.
PAUL SPERRY: Here's how you know for sure the major media--NYT, WaPo, CNN--are corrupted in covering the Mar-a-Lago raid: their common, go-to, on-the-record sources consist of the following:
DAVID LAUFMAN, the Obama donor & DOJ official who worked w Crossfire Hurricane team on phony Russiagate case & the fraudulent FISA warrants
MARY McCORD, the Obama DOJ official also involved in Russiagate who pressured the White House to fire Gen. Flynn & who's been working behind the scenes as a lawyer for the Jan. 6 Committee
MARK ZAID, the Democrat "national security" attorney who represented impeachment whistleblower Eric Ciaramella & called for a "coup" against Trump in 2017
Of course, the NYT, WaPo & CNN never tell you any of that background on these supposedly neutral expert sources.
MIKE DAVIS: Bill Barr is bitter at President Trump, missing the limelight, and peddling his book. He’s happily letting himself get used by anti-Trump forces in both parties. And he knows he’s 100% wrong, as a matter of law.
HARMETT DHILLOIN: We’ve heard more from Bill Barr in the last week as he humps his book, than we did during the COVID civil rights crisis or the multi-state, coordinated election irregularities of 2020, or re Biden family corruption. What a disappointment.
PAUL SPERRY: The Biden DOJ obtained a grand jury subpoena against Trump targeting his Mar-a-Lago estate BEFORE it even obtained the 15 boxes from the National Archives and reviewed them for classified information, and "DURING the period of ongoing communications between [Trump and the National Archives]," Judge Cannon pointed out in her order. The implication is that DOJ prematurely opened a grand jury investigation of Trump.
JULIE KELLY: DOJ just filed appeal to Judge Cannon's ruling. They really, really don't want a third party to review what they stole.
HANS MAHNCKE: It's worse than that. DOJ is threatening the judge with going to the 11th Circuit unless they can continue the criminal inquisition on the basis of documents which they have already singled out. That defeats the whole point of a special master whose job is to do the singling out.
PAUL SPERRY: In slapping an injunction temporarily barring the DOJ from using seized Mar-a-Lago material in its investigation, Judge Cannon cited concerns about potential reputational harm to Trump from "improper disclosure of sensitive information" -- including more than 1,800 personal items confiscated -- to the public. She also cited "bias and media leaks," while noting DOJ "acknowledged the unfortunate existence of leaks to the press" during a recent closed-door hearing.
BANNON: Mike Pence is lying about what he was asked to do regarding electors on Jan 6. What exactly was Pence asked to do regarding electors? He was not asked to unilaterally overturn the election, he was asked to send electors back to states who requested a review of their certification. Pence is a coward, a liar and a traitor.
MIKE DAVIS: "This is extremely dangerous rhetoric, especially coming from Lawrence Tribe, a high-profile Harvard Law professor and Biden supporter.
Judge Aileen Cannon and her family have received numerous death threats. President Biden must immediately call on his supporters to end their personal attacks."
LAWRENCE TRIBE: "Judge Aileen Cannon's bizarre decision endangers national security and attacks the rule of law. It is untethered from principle and purely results-driven. Its defense of the idea that the former president deserves privileged treatment is pathetic. She is a disgrace to the bench."
Remember, Tribe is an Obama pal who said all of Trump's staffers should be indicted and arrested and they should indict Trump and agree to let him go if he agrees not to run for President and apologizes to the American people for being President. He told us months ago what the FBI and DOJ planned to do.
MIKE DAVIS: Political nonsense.
If Biden was so concerned Trump's paper records--guarded by Secret Service--could get into wrong hands, why did Biden wait 18 months?
Judge Cannon made clear that Biden can continue his "intelligence assessment."
Why is Biden so scared of court's independent review?
This is a political witch hunt by Biden. To get back Trump’s declassified Crossfire Hurricane records. Because they are so damaging to Obama, Biden, Hillary, the FBI, and the intelligence community on Russian collusion hoax.
With the added benefit of election interference in November.
