Showdown Looming Between Donald Trump & US Private Central Bank

Although the US stock market is smoking, and the unemployment rate is low, there remains an underlying feeling of dread among some analysts who say America has yet to pay the piper for its gains. Will Donald Trump bear the cost of disastrous Fed policy?

Robert Bridge

On the 2016 campaign trail of tears, many observers were mud-wrestling with the question: Was Donald Trump the real deal, or was he – like the snake-oil salesman who preceded him – just another silver-tongued orator with a gift for bamboozling voters?

Just one week in office, the results are in: the maverick from Manhattan is pure 100 percent anti-establishment gold; the real deal. He’s already signed off on a raft of executive orders undoing a chunk of Obama’s last-minute legacy, including withdrawing the US from TPP and ordering bricks for his Mexican Wall.

The Washington elite, comfortable for so long in their lobbyist-bought fortress, are holding their breath as Trump continues draining the proverbial swamp. However, the real estate developer probably understands better than anyone that when you drain a fetid body of water you are bound to wake up some monsters.

And we’re talking about Loch Ness-size monsters here. And while Trump’s mighty pen may have already slain some dragons, other creatures will require a bit more work. And there is no more fearsome creature in Washington, DC than the US Federal Reserve, which possesses the power to make and break presidencies.

Much like the US Supreme Court, the Federal Reserve is designed to serve as an apolitical institution operating beyond the pale of Washington intrigue and influence. However, trying to remove political inclinations from any Washington agency would be like trying to tell a New York Yankee fan to ignore baseball statistics.

Trump acknowledged as much in the heat of the campaign when he accused Federal Reserve Chair Janet Yellen, 70, of suppressing interest rates due to political pressure from the Obama administration.

“Well, it’s [the interest rate] staying at zero because she’s obviously political and she’s doing what Obama wants her to do,” Trump told CNBC in September, saying Yellen should be “ashamed” of what she was doing to the economy.

Indeed, ‘doomsayers’ say the US economic recovery is a grand illusion conjured up by the Federal Reserve, which is printing money faster than toilet paper, propping up “too big to fail” institutions that should have gone the way of the dinosaurs. The Central Bank has raised interest rates just once since slashing them to zero following the 2008 financial crisis.

Now it appears that Janet Yellen is wielding the magical power that could sink the mighty Trump: higher interest rates.

Trump the shrewd businessman, however, fully understands the threat that hangs over his presidency like the Sword of Damocles: “Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let the new guy…raise interest rates…and watch what happens in the stock market,” Trump said.

In other words, any popping of the bubble created by all of this loose money sloshing around inside of the US economy will be blamed on Donald Trump, a man who the Washington elite view as a lethal threat to their globalization plans.

Former economic adviser David Stockman fully agrees with the Republican leader, even advising him to remove Yellen before her policies sink his pledge to “Make America Great Again.”

“Ask for resignation on January 20th because unless this bubble is lanced, there is a huge bubble in these markets, the Trump administration is never going to come out the other side,” said Stockman, who served as the Director of the Office of Management and Budget under President Ronald Reagan.

“And he would be well advised to clean house, if you want to drain the swamp, the place to start is in the (Federal Reserve) building because where this entire false economy, this big fat, ugly bubble that Trump talked about during the campaign actually originates,” he said.

Jim Rogers, the American businessman and investor, told me President Trump would be wise to relieve Yellen of her duties, but he doubted the US president has the powers to demand her resignation.

“I do not think he can since she has a fixed term,” Rogers said via email.

Indeed, it seems that the US Federal Reserve Chair, like the Bishop of Rome and the Supreme Court justices all enjoy life tenure regardless of their performance. Yet it has been this very private corporation, the US Federal Reserve, created on December 23, 1913 (while most lawmakers were away on Christmas break), which seems to have been largely responsible for the financial crisis of 2008.

As Time magazine put the matter: “The super-low interest rates [former Fed Chief Alan] Greenspan brought in the early 2000s, and his long-standing disdain for regulation are now held up as leading causes of the mortgage crisis. Greenspan went on to tell a congressional hearing that he had “made a mistake in presuming” that financial firms could regulate themselves.

The era of super-low interest rates and easy money continued with Greenspan’s successor, Ben Bernanke, and has not appreciably changed course under Janet Yellen, who took over the Chair in January 2014.

The Federal Reserve raised rates in December, only the second time in a decade.

Ron Paul, former US congressman and the author of the best-selling book, ‘End the Fed’, explained how long-term low interest rates work to increase economic inequality.

“Federal Reserve-generated increases in money supply cause economic inequality… because, when the Fed acts to increase the money supply, well-to-do investors and other crony capitalists are the first recipients of the new money,” Paul wrote.

“By the time the increased money supply trickles down to middle- and working-class Americans, the economy is already beset by inflation. So most average Americans see their standard of living decline as a result of Fed-engendered money supply increases,” Paul added.

In other words, ‘socialism for the rich, capitalism for the poor’. The ultra-wealthy never have to fret over bad investments because they are immune from risk – exactly the thing that makes Capitalism today largely redundant.

Now we’re all facing risk, rich and poor alike. That’s because the Fed has kept interest rates in the basement for so long that to raise them in any appreciable way could spell doom for Trump’s efforts to jump-start the American economy.

While Trump can use his executive authority to deal with agencies and agreements he finds repellent, attempting to tame the Fed is an altogether different ballgame.

Alan Greenspan, who served as Fed Chair for 19 years, was asked in an interview what he thought the relationship between the Federal Reserve Chief and the President of the United States should be. His reply was shockingly candid.

“First of all, the Federal Reserve is an independent agency, and that means basically that there is no other agency of government which can overrule actions that we take. So long as that is in place… then what the relationships are don’t frankly matter.”

Greenspan’s comment nicely summed up the challenge now facing Trump, a man who doesn’t seem to handle rejection real well. Thus, it is reasonable to suggest we are heading for a major clash between his administration and the Central Bank down the road.

In response to my question to whether it would make a difference now for Trump to attempt to replace Yellen, replacing her with somebody who shares his Trumpian philosophy, Rogers told me: “She has been in DC for several years printing even before she got her present job. It is certainly too late in the sense we are all going to pay a terrible price for the money printing whether she is there or not.”

The question now is whether it will be Donald Trump who is chosen to ‘pay the piper’. Although it is impossible to predict if the US economy will crash on Trump’s watch, we do know with absolute certainty that nothing would please the establishment elite more if that were to be the case.

*Presently, the US national debt stands at $19.9 trillion dollars. For a shocking glimpse at the US Debt Clock, click here.

@Robert_Bridge

14 thoughts on “Showdown Looming Between Donald Trump & US Private Central Bank”

  1. Analogy
    French Maginot Line :: US Federal Reserve
    FedResvNote :: US Treasury Leverage Certificate (TLC)
    Deny the Fed’s monopoly on issuance of money by creating competition.

    1. The Fed doesn’t have “monopoly” or even majority- or anything near that- on the “bank money” that we use everyday in our “checking” and “savings” accounts at (Federal Reserve “member”) banks.
      This money (and the physical cash that it can be exchanged for) is entirely initiated and created by the (Fed member) banks, “ex nihilo”, whenever they issue a new loan. This is where nearly all of our US (& UK, etc.) money supply comes from.
      The Fed. Res. system (of which the Washington Board and Ms. Yellin are only a titular head) is only there to “back up” the Member Banks’ money creation with “Reserve” (intra-bank) money, which is a service (like running the Payment System) that they run for the member banks- like a butler you might say.
      Central Banks never tell member banks what to do, unless the MB’s books are way out of order from breaking the rules.

  2. Greenspan: “First of all, the Federal Reserve is an independent agency, and that means basically that there is no other agency of government which can overrule actions that we take.” The key word here is “other”.
    That quote is an example of ambiguous Orwellian doublespeak and duck-talk. The Federal Reserve is NOT an “other” agency of government.
    The Federal Reserve is a privately-owned central bank based on fiat, fractional reserve, usury money (notes or IOU’s) not backed by gold or any other real commodity of value, a monetary system that reportedly originated in ancient Babylon.
    The Federal Reserve is totally independent of the Constitutional USA government and also the unconstitutional US Corporation government. The Federal Reserve private individual owners, in turn, reportedly are effectively controlled by a hidden Power Elite who do not appear on the world stage in public or in private.

    1. Yes, the privately-owned Fed is a double-speak, a-constitutional (and in some ways) Orwellian agency.

      But at the end of the day it’s just a big shell that the banks (F.R. “member” banks) made, like a mega-lobbyist, to advance their own interests in what they do. What they do is, and has been (even before the Fed was created):

      a) create the “bank money” (on account or ‘checkbook money’) that is as old as the 1st nationally-chartered banks in the 1870’s… But now (such “bank money”) dominates the US (and world) money supply. Even the cash that we use has been purchased/transformed from pre-existing Bank Money (on account); and…

      b) in effect they also direct the flow/allocation of this Bank (credit) Money, because they (not the Fed) are the ones who determine who is granted a new loan and who is not offered this (bank money) credit.

      The Fed is legally owned by ‘its’ Member Banks, of which there are thousands. Of course the biggest banks (which have been consolidating enormously over the past two decades) in NY would be expected to dominate the New York Fed, which is where ‘the Fed’s’ big trading desks are- not in Washington with the F.R. Board of politicos and frontmen.

      Something the Fed does that its many MB’s cannot do, however, it to dominate the profession and publishing in “monetary Economics”. This is important- as it is the Orwellian gobbledygook factory that leaves 99% of the citizenry, 96% of Washington politicians, and even 95% of Economists bamboozled and left to “duck talk”… and fiction-based mythomatic modelling [without ‘banks’, ‘money’, or ‘debt’] on the part of “neoclassical” Economists, who still comprise about 90-95% of the field- even after every last one of them was caught flat-footed in 2008, and bullshitting in 2009 (and since then). The hijacking of Economics (& monetary economics in particular) by “neoclassical” (central bank) propagandists goes back to the latter 19th century.

      A (supposedly) gold-based system would be even worse (deflationary, for starters), and was what the Banksters were running in the latter 19thc, prior to their upgrade to the (somewhat inflationary) Bank Money regime, with central banks pretending to be its Wizard of Oz.

      I’m writing a book on these matters. The best book I could recommend thus far is Prof. Huber’s “Sovereign Money” (2017). This is not more b.s. We’re onto them and what they have really been doing.

  3. All the Comments indicate that readership is aware the FED needs to ended; not just a FED Chair replacement. Trump will have to make some momentous decisions such as, closing down the FED and its collection department, the IRS. Also, Trump must decide to have USA, Inc. exit NATO, as well. This is the road Trump must travel to “Make America Great Again”. As an aside, unemployment is not low as assumed in the above article. The true “un-cherry-picked” unemployment data, indicates that Americans unemployed is over 20%; close to the same percentage as after the FED- created 1929 Crash. Truly, now is the time to drain the swamp!

  4. The Federal Reserve: History of Lies, Thievery, and Deceit

    by Dr. Ken Matto

    Did You Ever Wonder Why The National Debt Keeps Going Up and Up?

    One of the most ungodly and FRAUDULENT INSTITUTIONs ever perpetrated on the American people and the world, is the Federal Reserve System which through deceit became the central bank of the United States in 1913. The idea came about on a meeting in Jekyll Island off the coast of Georgia in 1910. The bankers in this country, especially J.P. Morgan, created a currency panic in 1907 in order to get the American people to accept the idea of a central bank.

    * * * * * *

    The idea of a central bank is to so enslave the people of the country to a debt money system that you continue to collect taxes continuously which just covers the interest. The duped people of the United States are paying about $400 billion dollars per year to the IRS which is the collection agency for the Federal Reserve. By the way, the Federal Reserve is a privately owned bank with 10 private members. The Chase Manhattan Bank is a member which is owned by the Rockefellers who are Rothschild Agents. I will list the ten member banks at the end of this article..

    * * * * * *

    1773: The Second Date of Infamy
    In 1773, a wealthy goldsmith and coin dealer named Mayer Amschel Bauer (1743-1812) summoned 12 wealthy and influential men to his place of business in Frankfurt, Germany. His purpose for the meeting was to impress upon these men that if they pooled their resources, it was possible to gain control of the wealth, natural resources, and manpower of the entire world. He then outlined a 25 point plan on how to accomplish it.

    Those…… 25 POINTS…… are:

    1. Use violence and terrorism rather than academic discussions.
    2. Preach Liberalism to usurp political power.
    3. Initiate class warfare.
    4. Politicians must be cunning and deceptive – any moral code leaves a politician vulnerable.
    5. Dismantle existing forces of order and regulation. Reconstruct all existing institutions.
    6. Remain invisible until the very moment when it has gained such strength that no cunning or force can undermine it.
    7. Use Mob Psychology to control the masses. Without absolute despotism one cannot rule efficiently.
    8. Advocate the use of alcoholic liquors, drugs, moral corruption and all forms of vice, used systematically by agenteurs to corrupt the youth.
    9. Seize properties by any means to secure submission and sovereignty.
    10. Foment wars and control the peace conferences so that neither of the combatants gains territory placing them further in debt and therefore into our power.
    11. Choose candidates for public office who will be servile and obedient to our commands, so they may be readily used as pawns in our game.
    12. Use the Press for propaganda to control all outlets of public information, while remaining in the shadows, clear of blame.
    13. Make the masses believe they had been the prey of criminals. Then restore order to appear as the saviors.
    14. Create financial panics. Use hunger to control to subjugate the masses.
    15. Infiltrate Freemasonry to take advantage of the Grand Orient Lodges to cloak the true nature of their work in philanthropy. Spread their atheistic-materialistic ideology amongst the Goyim (gentiles).
    16. When the hour strikes for our sovereign lord of the entire World to be crowned, their influence will banish everything that might stand in his way.
    17. Use systematic deception, high-sounding phrases and popular slogans. The opposite of what has been promised can always be done afterwards… That is of no consequence.
    18. A Reign of Terror is the most economical way to bring about speedy subjection.
    19. Masquerade as political, financial and economic advisers to carry out our mandates with Diplomacy and without fear of exposing the secret power behind national and international affairs.
    20. Ultimate world government is the goal. It will be necessary to establish huge monopolies, so even the largest fortunes of the Goyim will depend on us to such an extent that they will go to the bottom together with the credit of their governments on the day after the great political smash.
    21. Use economic warfare. Rob the “Goyim” of their landed properties and industries with a combination of high taxes and unfair competition.
    22. Make the Goyim destroy each other so there will only be the proletariat left in the world, with a few millionaires devoted to our cause, and sufficient police and soldiers to protect our interest.
    23. Call it The New Order. Appoint a Dictator.
    24. Fool, bemuse and corrupt the younger members of society by teaching them theories and principles we know to be false.
    25 Twist national and international laws into a contradiction which first masks the law and afterwards hides it altogether. Substitute arbitration for law.

    * * * * * *

    Continued……

  5. continued…….

    The Federal Reserve: History of Lies, Thievery, and Deceit
    by Dr. Ken Matto

    Enter 1913
    In November of 1910, some of these vultures came together at the Jekyl Island Hunt Club on Jekyl Island, Georgia. What were they hunting? The biggest prize of all, the absolute and complete control of all the money in America which means control of all America and with it the power to make slaves of all the people.
    * * * * * *

    WAR

    Now that the Federal Reserve was firmly in place, schemes had to be constructed to get the government to borrow so a continuously growing national debt would happen. So here are some coincidences: The Federal Reserve is created in 1913, then in 1914 we have World War 1. Right at the end of World War 1, we have a depressed economy especially in the Weimar Republic where 2 billion marks could buy a loaf of bread. In 1917, we had the Bolshevik revolution in Russia. A man named Lord Alfred Milner was a front man and paymaster for the Rothschilds in Petrograd during the revolution. He later headed a secret organization called The Round Table which was dedicated to a one world government run by wealthy financiers under socialism.

    * * * * * *

    The American economy has been sucked dry by the Federal Reserve System.

    * * * * * *

    THE TEN MEMBER BANKS OF THE FEDERAL RESERVE

    …ALL ……OWNED……BY……..THE…….ROTHSCHILDS

    Rothschild Bank of London
    Warburg Bank of Hamburg
    Rothschild Bank of Berlin
    Lehman Brothers of New York*
    Lazard Brothers of Paris
    Kuhn Loeb Bank of New York*
    Israel Moses Seif Banks of Italy
    Goldman, Sachs of New York
    Warburg Bank of Amsterdam
    Chase Manhattan Bank of New York

    *In 1977 Kuhn Loeb and Lehman Brothers merged to create Kuhn Loeb, Lehman Brothers, Inc.
    * * * * * *

    https://www.scionofzion.com/federalreserve.htm

    It looks like ……ALL FINANCIAL OBLIGATIONS……..reference the ‘Federal Re-SERVE’ …..are OWNED by RATsCHILD & Co.

  6. beLIEve keep up your comments ,you are very smart
    Private corporations like Fed have convinced the world that they are invincible.surely government can change the rules that allow them to defeat the Fed, and the criminal IRS
    .Trump has scared the hell out of One World Order of which the Fed is part of.,he is probably working out how to defeat them right now, Lets hope he keeps safe.

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