The Economy is Bad. Where is The Fed?

July 16th, 2011


The national U.S. economy seems really bad. Where is The Federal Reserve System [/The Fed] and what are they doing about the nation’s current economic situation? As The Federal Reserve System has had the better part of a century to practice running the nation’s economy and while concurrently/potentially owning OUR Federal government, what is the U.S. central bank (who we call ‘The Fed’) doing to make the situation better and to end the on-going “Great Depression of the New Millennium?”

Is The Fed merely inept – as seems most of the national-level, government-type entities which run OUR country? (The Fed is not a government entity, however.) Is The Fed attempting to reduce the U.S. nation to “third world developing nation" status – with The Fed’s endless devaluation of the American Dollar? Or, is The Fed attempting some other clandestine undertaking of which the rest of us are unaware and such an operation requires the concurrent devastation of the “American way of life”– as we are all aware The Fed essentially is not required to answer to anyone for its actions?

I understand attempting to run a nation’s economy has many challenges, no doubt! Nevertheless, the apparent long-standing and on-going policy regime of The Fed currently [and long since] appears as ineffectual at protecting the nation’s economic well-being.


Unless some rational and verifiable excuse exists for the inability of The Federal Reserve System to better the nation’s economic condition – other than an excuse of its own ineptitude, clearly the time is at hand to “SHRED THE FED!!” Surely, the nation’s economy would be better off with no national banking cartel acting as a central bank while said cartel concurrently controls our currency and financial institutions and while this same central bank/cartel (The Fed) routinely seeks “arbitrage opportunities” for itself in addition to claiming no fiduciary responsibility to anyone – seemingly the least of which would include a fiduciary responsibility to the American people and the U.S. nation!


Adam Vernon Trotter / AVT


PS. The Fed appears content to have its New York mouthpiece, Mr. Timothy Geithner, running the U.S. Treasury Department while handing trillions of dollars to its banking buddies in ‘stimulus’ monies. (See: Geithner Said to Consider Leaving Treasury After Debt Debate; located at: http://www.bloomberg.com/news/2011-06-30/geithner-said-to-weigh-leaving-treasury-after-debt-ceiling-debate-resolved.html)


Also see:
On The Federal Reserve’s Plan to Buy-Back $600B in U.S. Government Debt…
http://adamvernontrotter.blogspot.com/2010/11/on-federal-reserves-plan-to-buy-back.html


Thomas Jefferson and the Federal Reserve System.
http://adamvernontrotter.blogspot.com/2010/06/thomas-jefferson-and-federal-reserve.html


Incompetence and Confusion: Federal Reserve to Raise Interest Rates? U.S.Dollar, Liquidity Trap, Inflation, and Savings.
http://adamvernontrotter.blogspot.com/2011/06/incompetence-and-confusion-federal.html



Definition of Terms: "Shred The Fed"
http://adamvernontrotter.blogspot.com/2011/02/definition-of-terms-shred-fed.html



The Great Depression of the New Millennium
http://poetrybyadamvernontrotter.blogspot.com/2011/03/great-depression-of-new-millennium.html


The Time to ‘Shred the Fed’ Appears to be At Hand.
http://adamvernontrotter.blogspot.com/2010/08/time-to-shred-fed-appears-to-be-at-hand.html



Allow the Federal Government to Control America’s Currency.
http://adamvernontrotter.blogspot.com/2009/06/allow-federal-government-to-control.html


What Would Happen With No U.S. Federal Government Debt?
http://adamvernontrotter.blogspot.com/2010/11/what-would-happen-with-no-us-federal.html

Vote Them Out!

November 1st, 2010


For the upcoming mid-term election tomorrow, might I suggest if any politician has been in office for more than ten years or so: VOTE THEM OUT OF OFFICE!!!

PERSONALLY, WITHIN THE TIME FRAME OF TWO TERMS OF A U.S. SENATOR (twelve years), I THINK I COULD CHANGE ZEBRAS’ STRIPES. However, with our typically elected officials – especially on a Federal level, these ‘leaders’ cant even seem to function to get any of the populace back to work in the last ten years, or so, nor can they seem to solve any other outstanding national difficulties. As such, it seems that OUR TYPICALLY ELECTED FEDERAL OFFICIALS THEREFORE EITHER MUST BE INEPT OR CORRUPT AND MOST LIKELY ONLY OUT FOR THEIR OWN ENDS. SO I SAY WE FLUSH THE LOT OF THEM OUT OF OFFICE – or at least flush the politicians that have been in office for more than ten years, or so.

Furthermore, if a politician has been in office, for say, longer than a decade, they have surely sold-themselves or been bought-out by the nearly criminal Federal Reserve System. This is most likely so, because no normal human being who truly was concerned more for the general welfare of the American populace than for the respective politicians’ own ego, stature, or bank account would support the enumeration/delegation of power (from Congress/Legislative Branch to The Fed). 

Such an enumeration/delegation of power essentially allows for the nation to be run/led by the Federal Reserve. It would seem, any politician who truly cared for the American people would place any such enumerated/delegated power of running the nation’s economy (and fiscal and monetary policy) with/to those who swore to uphold the U.S. Federal Constitution and with/to those who would clearly claim a fiduciary responsibility to the American People – unlike the current situation where these enumerated/delegated powers are given for convenience to the Federal Reserve System, a system that claims no fiduciary responsibility to anyone outside The Fed's banking cartel while concurrently seeking ‘arbitrage opportunities’ for itself.

Such a grant of power to The Fed, additionally, seems to be prohibited by the very powers enumerated to Congress in this regard; that is, such a grant is surely prohibited by the powers enumerated to Congress by the U.S. Constitution. (See Article I, Section 8, Clause 5.) Neither does it seem necessary or proper to have an outside banking cartel controlling the nation’s economy. And, as Jefferson pointed out, convenience does not properly rationalize the matter.

The U.S. Federal politicians have appeared to allow this enumeration/delegation of power to the Federal Reserve to continue and to fester to the obvious detriment of the American People! So with this and any forthcoming election, I believe the time is at hand for these long-seated politicians who would seem to have supported the Federal Reserve System, for these politicians to be removed from office by the voters!

Adam V. Trotter / AVT



See also:
http://adamvernontrotter.blogspot.com/2010/10/fed-to-buy-back-government-debt.html

http://adamvernontrotter.blogspot.com/2010/10/concerning-federal-reserve-system-and.html

http://adamvernontrotter.blogspot.com/2010/09/include-soup-kitchens-in-next-federal.html

http://adamvernontrotter.blogspot.com/2010/06/thomas-jefferson-and-federal-reserve.html

http://adamvernontrotter.blogspot.com/2010/04/take-power-back-from-government.html

http://adamvernontrotter.blogspot.com/2010/02/stimulus-bill-one-year-anniversary.html

http://adamvernontrotter.blogspot.com/2010/01/venezuelas-hugo-chavez-follows-federal.html

http://adamvernontrotter.blogspot.com/2009/12/vice-president-biden-v-majors-of.html

http://adamvernontrotter.blogspot.com/2009/10/fractional-banking-system-no-longer.html

http://adamvernontrotter.blogspot.com/2009/09/michael-moores-new-movie-capitalism.html

http://adamvernontrotter.blogspot.com/2009/06/allow-federal-government-to-control.html

http://adamvernontrotter.blogspot.com/2009/06/whats-with-our-politicians.html

http://adamvernontrotter.blogspot.com/2009/06/us-credit-rating-has-been-or-is-being.html

http://adamvernontrotter.blogspot.com/2009/02/federal-reserve-chairman-bernanke.html

http://adamvernontrotter.blogspot.com/2009/02/congressman-meeks-re-liquidity.html

http://adamvernontrotter.blogspot.com/2008/10/jpmorgan-chase-posts-surprise-profits.html

http://adamvernontrotter.blogspot.com/2010/11/what-would-happen-with-no-us-federal.html

 

Will Attorney General Holder and Treasury Secretary Geithner Hold the Federal Reserve System Accountable as Criminals?

November 18th, 2009

As reported yesterday evening on National Public Radio / KCRW 88.9 FM Radio Santa Monica California, during yesterday’s press conference addressing the launch of a new financial fraud taskforce U.S. Attorney General Holder and Treasury Secretary Geithner promised to hold legally accountable any financial/Wall Street–type individuals/criminals whose wrongful activities helped to mislead the nation to its current economic recession/depression. In light of the current weakness of the devalued dollar, one has to wonder if they plan to address the Federal Reserve System as criminals as well.

Arguably, the weakened state of the dollar could be considered as criminal. The weakened state of the dollar also could be the prime factor in much of the nation’s current financial mess. And, clearly there is no one entity to which blame can be assessed for the weakened state of the dollar other than the Federal Reserve System.

Given newspaper articles such as “Geithner calls for ‘strong’ dollar,” by Tom Petruno (and published in the November 12th 2009, Business Section of the Los Angeles Times), that speak of the Secretary’s superficial assurances to the financial markets of his moderately sincere desires to ‘maintain a strong dollar,’ will the Secretary and Attorney General then hold the Federal Reserve responsible [as criminals] for the current national economic recession/depression that could be easily attributed to the weakened value of the U.S. Dollar? Or, will the Federal Reserve System not be held accountable for its actions in devaluing the dollar [as part of the Fed’s likely and routine quest for arbitrage opportunities], a devaluation that has apparently occurred with the Federal government’s blessings? Many are surely aware of how the Fed often appears as exempt from the laws that apply to the rest of the nation’s citizens/cartels/corporations and its exemptions from such laws seems in a similar vein to how the Fed appears as potentially exempt from the nation’s Constitutional requirements as well. At a minimum, it would seem only logical that the nation's citizens should be more openly informed of actions and decisions taken by the privileged cartel that is known as the Federal Reserve System.
AVT


PS. “Obama Administration Launches Financial Fraud Task Force,” 11/17/2009, 3:38 PM ET, (http://www.rttnews.com/ArticlePrint.aspx?id=1132747). “In order to strengthen efforts to combat financial crime, the Obama administration announced Tuesday that is has established an interagency Financial Fraud Enforcement Task Force. …..”


PSS. From the Hartford Courant (www.courant.com) article: “Despite facing pressure, Obama unlikely to push China too hard after Beijing signals shift,” by Martin Crutsinger, Novemer 15th, 2009, “…Treasury Secretary Timothy Geithner, at the Asia-Pacific Economic Cooperation finance meetings in Singapore last week, repeated his mantra that "it's very important to the United States that we have a strong dollar."....” (http://www.courant.com/business/nationworld/wire/sns-ap-us-dollar-yuan,0,4294864.story)

Michael Moore’s New movie “Capitalism: A Love Story” Seems to Miss the Point.

Sept. 26th, 2009

While Michael Moore’s movie “Capitalism: A Love Story” appears to deserve applause regarding its efforts to enlighten the American people concerning the latest crimes that the banking/financial sector may have perpetrated against the nation, it seems to miss the point. Of course given the date of this blog, I have yet to see the film as it has yet to be released; however, I watched much of Mr. Moore’s interview with Larry King the other night wherein Moore explained his allegations. Assuming that his representations of the facts are genuine, it would seem that the movie does not delve deep enough into the situation to show the likely true damages that the banking/financial sectors seem to have brought upon us through activities which surely caused the latest depression / recession. The true crime at hand is not merely that the bankers (particularly the Federal Reserve System, most likely) and the government officials performed no oversight of the financial sectors that culminated in the latest recession. In my opinion, the true crime is that the bankers (Federal Reserve System) and the government officials seem to have intended to create the situation that necessitated an eventual recession / depression. To illuminate this fact, one only needs to look at the monetary exchange rates over the last few years; one has to wonder how many Euros the Federal Reserve and the nation’s bankers were purchasing when the Euro appreciated and nearly doubled its exchange value versus the dollar - which concurrently drove the value of the dollar into the ‘mud.’ Surely, for the Fed and the government to allow the dollar to be devalued to such an extent as it has been in recent times (through seigniorage, inflation tax, stimulus bills, bail-outs, etc.) either represents an absurdity in judgment or evidence of a more sinister plan – regardless of original intentions and whether such maintained the unlikely aim of benefiting the populace of the nation. Ultimately, a 'more sinister' justification is probable for the actions of the banking/financial sectors because the one thing that we can use as a ‘baseline’ in any deduced intent [of the financial sectors] concerning the current financial mess of the American economy is that we can be sure that the banks want all the money they can amass and horde, regardless of all else. Once again, I reiterate from previous blogs: it would probably be best if the American government controlled our currency and not a banking cartel.
AVT


PS. Please be hereby reminded that the Federal Reserve System is not a government agency, claims no fiduciary responsibility to any external entity, and often speaks of seeking arbitrage opportunities in its documents / meetings.



PSS. IN ALL FAIRNESS TO MR. MOORE, however, I have not seen his latest film and therefore I could stand to be corrected with this blog. When/if I have the opportunity to see this film and perchance Mr. Moore does, in fact, agree with my point about the true crimes concerning the latest financial and economic mess facing the nation [that the actions of the financial sector demanded or possibly intended such a recession / depression regardless of oversight], I would then stand corrected. When/if such a set of occurrences should come to pass, I would post that I was in error with the sentiment of this blog and likely remove the blog sometime thereafter.