The Federal Reserve System

September 26th, 2013

With the continued Great Depression of the New Millennium, to the Federal Reserve I say:

“You can fool some people sometimes…

                …but you can’t fool all the people all the time.” 

And, maybe The Fed has me fooled as well.  But either way, I say it’s time The Fed declares a fiduciary responsibility to the People of the United States or it’s time for our Federal government to ‘Shred The Fed.’

Adam Trotter

Concerning the Federal Reserve System and Fiduciary Responsibility….

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

Thomas Jefferson and the Federal Reserve System.

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

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

Reigning in Banks and Crazed Gun-Men, “This Week with George Stephanopoulos.”

April 7th, 2013

Today on “This Week w/George S.” a member of his gang could be heard to ask “…why the Democrats have done nothing to reign in the banks and Wall Street excesses?”  None had an answer and all of them seemed flabbergasted with the reality of it all. 

If I may, I would put forth that some combination of two most likely answers might reflect the reality of it all.  First, the Democrat party leaders seem to be on the same side as the banks and Wall Street, just as most of the mainstream seems to attribute only to the Republican leadership.  And, secondly, the modern Democratic leaders seem to prefer to blame everything on the Bush Administration even though such [likely failed] non-policies of the prior administration might be as much as a decade old – blame and excuses which then appear acceptable to their constituents because many of the constituents seem content to allow the Democrats to offer nothing but excuses, apparently. 

//

The prior matter was all that I originally wanted to address with this blog, but interestingly enough, I believe it was George S. himself at the very end of the show that spoke of a study out this week which suggested the best conduct for anyone who is part of a crowd when confronted with a crazed homicidal gun-man.  George said that the study suggested that the folks in a crowd would be best to run-away from any crazed homicidal gun-man.  Well…, duh!   And the study also may have suggested that folks in the crowd attempt to show resistance or fight back. 

Of course this begs the question, what do you do when you can’t merely run-away from a gun-man?  Obviously, from what was said on the show today, even this study seemed to suggest that an individual try to defend themselves somehow.  One can only wonder how one might adequately accomplish such a defense or what would one use to defend themselves against a homicidal maniac shooting at everyone – if the current administration and Mayor Bloomberg have their way.  Might the researchers suggest that folks throw buttered popcorn at the homicidal creep/gun-man?  And if the trend continues which has been promoted by folks like the current presidential administration and Mayor Bloomberg, that’s likely all a law-abiding citizen will ever have to defend themselves with as well.  Because it seems the currently promoted trend is to make it illegal for law-abiding Americans to even own any guns – regardless of the reasons for owning the gun.  What's more ironic, is that these same politicians and individuals who seek to curtail or eliminate private gun ownership most likely never go anywhere without an armed guard - or dozens of them.    

I suppose maybe I’ll have to try to review the show in its entirety and to find and read the study to see what is actually in it, no doubt.

See:  The Innocent Victims Deserve a Vote! I agree. But...

http://adamvernontrotter.blogspot.com/2013/02/the-innocent-victims-deserve-vote-i.html

Adam Trotter

This Week with George Stephanopoulos

http://abcnews.go.com/ThisWeek/

Central Banks Only Cause the World’s Economic Problems, Not Solve Them.

August 11th, 2011


According to Bloomberg News, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota stated: “Central bankers alone cannot solve the world’s economic problems.” One thing WE citizens all can be sure of, however, is that Central Bankers alone can cause the world’s economic problems – and seem to do so with the blessing of national politicians who typically appear as nothing more than lackeys and errand boys of the central banks, of course.

The Federal Reserve System has enabled and brought about the devaluation of the U.S. Dollar/Federal Reserve Note. The massive devaluation of the U.S. currency is readily evidenced by the all-time-high dollar value of gold. (The Fed holds much of the nation’s gold – worth noting.) Also, the massive devaluation of the fiat dollar helped to cause the real estate bubble. The massive devaluation of the dollar clearly has caused the difficulty with the U.S. Bond – its rating and down-grading. So without a doubt, the central banks – or at least the Federal Reserve System – can and have caused the world’s current economic problems.

Adam Trotter / AVT


PS. Please remember that the likely unconstitutional Federal Reserve System is not a government agency. "Shred The Fed!!"


PSS. I will argue in support of these statements in blog entries to follow. AVT


See:
Fed’s Kocherlakota Hinted at Willingness to Break Ranks on Policy in 2010
http://www.bloomberg.com/news/2011-08-11/fed-s-kocherlakota-hinted-at-willingness-to-break-ranks-on-policy-in-2010.html

Fed to Hold Interest Rates Steady and Low – Fed Appears as Stupid and Slow!

August 9th, 2011


While the nation is in the throws of the Great Depression [and liquidity trap] of the New Millennium and with the recent [and probably long overdue] down-grading of U.S Government bonds, The Federal Reserve announced its plan to hold interest at all-time-low rates for two years. While history debatably has shown that lower interest rates during economic down-turns helps to increase dollars in the marketplace to spur economic growth, the present circumstances seem unlike anything in the nation’s history.

The Federal Reserve – while claiming to be acting in the nation’s interest – is quick to keep more and more dollars in the marketplace as this apparently allows the Fed to continue to ‘have its cake and eat it too.’ What I mean by such a statement is that the Fed clearly has a long-standing policy which includes the massive devaluation of the U.S. Dollar/Federal Reserve Note for any number of reasons of which I repeatedly have blogged. Now the Fed can try to flood more dollars into the marketplace through lower interest rates in a claimed attempt to help grow the economy out of this depression while also further devaluing the Dollar which appears as what the Fed has wanted for years. And, of course, it is likely the extremely devalued Dollar has led to this latest Great Depression [and liquidity trap]. This announced and extended low interest effort probably will be fruitless anyhow as the banks seem unwilling to lend money. In the end, Citizens should seek to understand why the Fed desires to appear as helping the nation while, in fact, it ultimately will continue its long-standing policy regime that has surely led us to this Great Depression [and liquidity trap] of the New Millennium – again, such a regime which includes as its cornerstone the extreme devaluation of the U.S. Dollar/Federal Reserve Note.

To continue along the same economic path that the Fed has invoked in the past and which likely caused the current economic difficulties surely seems foolish – in my opinion. So foolish does the policy regime of the Federal Reserve seem that it would appear that President Obama would do better to hire me as Treasury Secretary than to allow the Fed to do its own bidding and to continue its current policy regime with the apparent blessing of the Administration and Treasury Secretary Geithner (a Secretary who appears no more than as a mouthpiece for the Federal Reserve). Why do I say this? Read on….

What should the Federal Reserve System be doing in the midst of the Great Depression [and liquidity trap] of the New Millennium to help the nation? Well…, I think I know what they should be doing during this liquidity trap which has maintained this economic depression and I have blogged about my ideas in the past. Furthermore, without any doubt, I believe the nation would be better served to ‘Shred the [unconstitutional] Fed.’ The apparent fact remains, however, that the nation’s politicians are unwilling to ‘buck’ the all-mighty Federal Reserve System. (Ask me why, if you don’t think you know already.)

Of course, I am aware that no one may really understand how the nation’s and world’s economies function and interact. Regardless, in light of the Federal Reserve’s recent track record there appears one thing that we can all be sure of, such being that the nation would be in a better position economically if the Federal Reserve was to do exactly the opposite of what it thinks is best!!! Again, why do I say this? Because, given a liquidity trap compounded by an ever-devaluing Dollar, the low bond rates are the likely source of the economic problem!!! At the risk of sounding as arrogant as the Federal Reserve and our nation’s politicians, I find it odd that one such as I would even believe it necessary to explain such an issue to the fat-cats of the Federal Reserve that run and own our nation and its economy!!! As a result, I believe it is clear that The Federal Reserve and all those that endlessly support the Federal Reserve System are either stupid, in denial, or really don’t care about the welfare of the nation and its populace! It is clear at this point in time that the Fed doesn’t know what to do or doesn’t want to do as it should to fix the nation’s and world’s current economic mess.

Adam Vernon Trotter / AVT


See also:
Fed: Low rates to stay till at least mid-2013
http://www.marketwatch.com/story/fed-low-rates-to-stay-through-at-least-mid-2013-2011-08-09


U.S. Federal Government Debt Difficulties? What Should a Citizen Do?
http://adamvernontrotter.blogspot.com/2011/07/us-federal-government-debt-difficulties.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

A Just Government Fears Not…
http://poetrybyadamvernontrotter.blogspot.com/2011/03/just-government-fears-not.html

U.S. Federal Government Debt Difficulties? What Should a Citizen Do?

July 26th, 2011


To me, solving the long and short-term financial debt levels of the U.S. Federal government appears as an easy-fix. In my opinion, the debt levels could be drastically reduced while government agencies maintained sufficient funding to perform their required functions and no tax increases would be necessary. However, OUR nation’s governments and the politicians who populate those entities seem unable to recognize how to concurrently attain these goals – goals which may seem as a dichotomy to those blinded by long-standing and unnecessary government paradigms.

With our politicians and governments seeming as ignorant or as maintaining motives for not solving the nation’s economic difficulties, the American Citizen is then left in a quandary. Should the Citizen denounce and reject the U.S. [Federal] government, its politicians, and its typical way of business, or should the Citizen demand action within the allowances of nation’s current framework to rectify the many ills of the nation’s on-going economic problems? Essentially, I would tend to the latter choice and some combination of the following actions/changes within the nation's framework are what I would offer as demands to help to bring back the overall economic well-being of the Citizenry – in keeping with our nation’s current framework which allows for such changes:

FIRST, the Citizenry should DEMAND THE REPEAL OF THE ELEVENTH (11th) AMENDMENT to the U.S. Federal Constitution. The First ten amendments to that sacred document are what WE in America recognize as OUR Bill of Rights. It’s ironic that the first follow-on amendment added to the Constitution – after the first ten – is so opposed to the spirit of the Bill of Rights. The first ten amendments, of course, being brilliantly authored to reflect what is known to be Right and proper. Then along comes the Eleventh Amendment which attempts to do its best to negate much of the first ten amendments when such is applied to a U.S. state or government agency (and its officials) in our Land. By allowing the politicians, officials/bureaucrats, and governments themselves to stand in opposition to what is known to be Right and proper and true, and then for the Constitution to provide a shield from any liability for the governments’ negligence/ignorance, appears as contrary to the American way – with the American way being that WE are accountable for our actions and WE attempt to correct our mistakes. However, there is no denying that the Eleventh Amendment allows for absolute negligence from OUR governments. As they are not liable or held accountable for their actions, the government entities and officials then have little reason to care of negligence or ineptitude, apparently.

The SECOND DEMAND that the American populace should put forward to fix OUR current economic mess, in my opinion, is to DEMAND THE REMOVAL OF ANY POWERS ENUMERATED TO THE FEDERAL RESERVE SYSTEM concerning OUR nation’s economic well-being – powers which would appear as improperly/unconstitutionally enumerated from OUR Federal government. Aside from the nation’s current economic mess, even former Fed Chairman Alan Greenspan himself stated in his book that the economic boom years of the President Clinton era were a testament to the inability of the Federal Reserve to properly control the nation’s economy. Forgoing his explanation for his statement, such a statement nevertheless shows the Fed is not as all-knowing as it would hope to appear concerning our nation’s economy in spite of having the better part of a century in which to practice its economic operations. So it would seem to this day that the nation would probably be better off without the Fed – as was the nation for much of its history. Whatever the Fed might be doing to better the nation’s economy, such does not appear to be bettering the matter for the nation and the populace. Then again, maybe the Fed does not want to better the economy of the nation – as it is not a government agency, it maintains no fiduciary responsibility to anyone other than itself, nor does this federal/national banking cartel seem to be required to uphold the nation’s Constitution either, as would be required of Federal government employees/entities.

As a possible THIRD DEMAND to be in the best interest of the populace to fix the American nation’s current economic mess, I might suggest that AN INTRINSIC/REAL VALUE BE SET FOR OUR NATIONAL CURRENCY. I am aware that we have all heard (or been told) that a non-fluctuating [U.S.] currency or fixed exchange rate could not function in the modern financial era. Of course, for many years, OUR nation had no nationally recognized/issued paper currency. Once adopted, OUR printed currency then generally maintained a fixed-exchange rate for significant periods of time. Then, long about the 1970’s, or so, the American/U.S. Dollar (or Federal Reserve Note) became a traded commodity – and from the People’s perspective, the nation has slipped down the hill of economic well-being ever since. All the while during the nation's economic slide, the value of the Federal Reserve's gold holdings have likely increased ten-fold. Of course, the currently traded fiat Dollar and its varying exchange rate is essentially managed by the Federal Reserve System (with our dollar also being known as the Federal Reserve Note) – which brings us back to the first two demands as delineated above in this writing.


So again, I would suggest that its time to dump the Federal Reserve System and probably time to repeal the Eleventh (11th) Amendment to the U.S. Federal Constitution as well as fixing OUR currency. I can’t guarantee that these steps will immediately solve all the nation’s economic difficulties nor do I claim that there exists no other valid idea(s) for bettering OUR current economic well-being. However, I could guarantee that such steps/demands as explained above would likely go a long way toward fixing much of the nation’s current economic woes.

Adam Trotter / AVT



The Economy is Bad. Where is The Fed?
http://adamvernontrotter.blogspot.com/2011/07/economy-is-bad-where-is-fed.html

The U.S. Federal Government: Its Debt and Its Apparent Stupidity.
http://adamvernontrotter.blogspot.com/2011/07/us-federal-government-its-debt-and-its.html

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

Incompetence and Confusion: Federal Reserve to Raise Interest Rates? U.S.Dollar, Liquidity Trap, Inflation, and Savings.

May 31st, 2011


The Federal Reserve System appears as an organization at odds with itself. On one hand it claims no fiduciary responsibility to anyone while on the other hand it claims to be concerned for economic welfare of the United States – while maintaining no apparent or mandated constitutional authority for its power, it should be noted. Furthermore, while employing the most arrogant of economic experts from the nation’s most arrogant of educational institutions, The Fed appears as completely incompetent while knowing no more of how to fix the currently listless U.S. economy than does the average simpleton. Additionally, The Fed appears as an organization which has been dishonest and has lied to the American people for so long that The Fed surely now takes the American public for complete idiots as well, all the while professing to the nation of how it cares for our economic welfare. Now, “A top Federal Reserve official says it is time to raise interest rates to avoid causing inflation and economic problems.” (See WSJ link below for quote source.)

The Fed has completely devalued the dollar to a fraction of its prior value (review the historic price of gold). Such currency devaluation was apparently done for any of several arguable reasons (to compete with cheap labor from other nations, to create a currency war, or most likely, to ‘swindle’ Chinese creditors). Not the least of these possible reasons for devaluing the dollar, it seems, was to artificially increase prices in an attempt to superficially – and by definition – put an end to any current economic depression (by artificially bolstering the U.S. GNP as a result of increased prices due to the devalued dollar) - which would help any politician running for reelection, btw.

As for raising interest rates to alleviate inflation pressures, clearly, the devalued dollar would be the only true driving factor for any increased pressures of inflation – as the majority of the population has long been unemployed or underemployed. Consequently, consumer demand and spending could not be causing any inflation. While some may counter that the increased price of fuel has caused inflation pressures to rise, it is likely that the increased price of fuel is also largely a result of the devalued U.S. Dollar (Federal Reserve Note) – a point which I will show at a future date when I have the time. Additionally, anyone that knows anything about economics knows that our government welcomes inflation for its contracting purposes in addition to its [and The Fed's] apparently concerted seigniorage efforts (see inflation tax, fiat dollar/money, and printing money).

As a testament to the level of fools for which The Fed apparently assumes comprises the majority of the U.S. populace, during the midst of the heightened and escalating devaluation of the Dollar – a devaluation resulting from The Fed’s actions, The Fed now wants the populace to increase its savings (according to the WSJ article below which quotes the head of the K.C. Fed). That is, The Fed apparently wants us to increase our savings levels while it continues to devalue the dollar – as if the U.S. populace could be as stupid as the Chinese creditors to allow the banks to hold our money/wealth while the central bank (The Fed) devalues the money to a level where it is worth less than when the money was put into any savings account. Even the Chinese fools/creditors eventually caught-on to what was happening in that regard. Now The Fed (apparently with no more foreigners around to swindle) expects the average American to be just as stupid as the Chinese had been. And additionally, of course, few Americans have jobs which would allow for saving any money, anyhow. What’s more, as a result of the economic depression, depressed real estate values, and nonexistent demand for workers, many retirement savings of aging Americans has long since been wiped-out – all the while during recent years The Fed maintaining an apparent historic position of desiring any such retirement savings to be invested in the equities markets and not kept in savings accounts.


Nevertheless, I must admit, given the listless U.S. economy and the liquidity trap which appears to have gripped the same, The Fed surely needs to do something different (other than lining its own pockets while increasing the value of its gold reserves which it has done superbly well over recent decades with the devalued dollar). Clearly the U.S. economy is in the throws of a liquidity trap. Few, other than myself – apparently, are even willing to admit the possibility of such a liquidity trap in the U.S. Most probably won’t admit such a possibility because they fear reprisals and retribution for stating such from the all-powerful Federal Reserve System and its government lackeys. When corporations pursue capital investments in infrastructure, for example, such typically increases the need for workers (which is a good thing). However, when corporations make these capital investments – say in new facilities, they often secure/sell bonds to ensure the financing of the capital improvement effort. There in lies the rub and the basis of the liquidity trap as well. Because, when interest rates are at an all time low rate of return (as they are currently), the interest rate ultimately has nowhere to go but up. When one buys a bond at one rate of return and then the rate is increased for new bonds, the value of the bond at the lower rate of return is then worth a lesser face value than when it was purchased. Therefore the holder of that bond at the lower interest rate has now lost money due to the availability of a bond at an increased interest rate. So in other words, no one wants to buy any bonds with such low rates of returns as they currently stand because such would surely be a losing investment to the purchaser of bonds. Furthermore, according to some, increased savings only worsens a liquidity trap – and, in fact, any economics textbook will tell you to throw money at a liquidity trap.

So what is The Fed’s true intent in this matter of seeking increased interest rates? Given its lack of fiduciary responsibility to anyone other than itself and its minimal transparency to observers, it is unlikely that any outsider will ever know what is the true intent of The Federal Reserve System. Given the hold and power The Fed has over our governments and politicians, it is unlikely that our governments and legal establishments will help us in this regard either. To be clear, the Nation's Founding Fathers stood against a national/Federal Bank and included no such allowance for a delegation of financial power/authority to a non-government agency/banking cartel [such as The Federal Reserve System] in our American Nation's Constitution.

Surely, it is probably best to let the economy drive itself rather than to let this banking cartel known as The Federal Reserve System make economic policy. After being in existence for nearly one hundred years, if The Fed has not determined by now what to do during times of economic woes to benefit the nation, what is the point in having it run our money supply and setting monetary and fiscal policy? As such, the time is clearly at hand to “SHRED THE FED”!!!


Adam Vernon Trotter / AVT


PS. Should time/history prove The Fed System to be less than forthright, let us hope that ultimate justice exists in the universe and that those bankers who were reported to have secretly met at Jekyll Island nearly one hundred years ago to frame The Federal Reserve System are now being subjected to that ultimate justice – as we can also hope the same ultimate justice will exist for the politicians, lawyers, and judges who continue to allow for the perpetuation of any seemingly corrupt and incompetent Federal Reserve System to this day.





Kansas City Fed's Hoenig Sees Need to Lift Rates
http://online.wsj.com/article/SB10001424052702303657404576353393578116276.html


Liquidity trap
http://en.wikipedia.org/wiki/Liquidity_trap


How Much Of The World Is In a Liquidity Trap? (Krugman)
http://krugman.blogs.nytimes.com/2010/03/17/how-much-of-the-world-is-in-a-liquidity-trap/



Liquidity Trap
http://www.investopedia.com/terms/l/liquiditytrap.asp



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


Concerning the Federal Reserve System and Fiduciary Responsibility….
http://adamvernontrotter.blogspot.com/2010/10/concerning-federal-reserve-system-and.html


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

Concerning the Federal Reserve System and Fiduciary Responsibility….

October 9th, 2010

The point of all my prior diatribes and rants on this subject of the Federal Reserve System is that if any organization – public or private – is given the economic advantage of essentially controlling the fiscal and monetary policy of the United States, then at a minimum, said organization should claim a fiduciary responsibility to the government and people of the United States of America. Preferably and presumably, if not obviously, it would seem best that such an organization be an arm of the U.S. Federal government which is therefore sworn to uphold the U.S. Federal Constitution. However, reiterating from earlier blogs, the Federal Reserve System (The Fed) is not part of the United States Federal government and neither does it clam any fiduciary responsibility to the people of the United States nor any fiduciary responsibility to the Federal government of the United States (which of course would equate to a fiduciary responsibility to the people of the United States by default).

In the end and at the risk of sounding arrogant, to date, it is likely that I [operating in a single-handed mode] could have done a better job controlling the economy of the United States then what has been accomplished by the banking cartel known as the Federal Reserve System. Moreover so, by the fact that I would have always acted in the best interest of the people of the United States! That’s not to say, arguendo, that all policy regime pursued by The Fed has necessarily been to the detriment of the people of the United States. I’m just saying better results likely could have been accomplished by nearly anyone. Better results with the nation’s economy could also have been likely achieved by having no such organization resembling the government-empowered Federal Reserve System.

Adam V. Trotter / AVT

The Time to ‘Shred the Fed’ Appears to be At Hand.

It appears the time is at hand to ‘Shred The Fed;’ that is to say, the time is at hand to shred/dismantle The Federal Reserve System. This non-governmental agency and band of likely criminals has been controlling our nation of THE UNITED STATES for too long (likewise, for any other name by which they choose to label our country or themselves). Any delegation of Congressional power to the banking cartel known as ‘The Federal Reserve System’ to control our nation’s currency system is clearly unconstitutional (per U.S. Federal Constitution, Article I, Section 8; and Article VI as well). The nation’s politicians, the nation’s judges, and the nation’s lawyers should clearly know - by now – of this unjust and unconstitutional practice concerning the allowance of The Fed to control our money supply. Those in positions of power and 'in the know' regarding the unconstitutionality of The Federal Reserve System are either part of the problem or care more for their personal bank accounts than they care for the well-being of the nation’s populace and likewise more than they care to uphold the Federal Constitution. Clearly, even Thomas Jefferson himself stood in opposition to any such Federal Bank as The Federal Reserve System. (See: http://adamvernontrotter.blogspot.com/2010/06/thomas-jefferson-and-federal-reserve.html )

Even if assuming, arguendo, The Fed is not is not a band of criminal elements seeking to line their own pockets with wealth at the expense of the American people (and at the expense of the rest of the world’s inhabitants as well), The Federal Reserve System has, of late, clearly been shown to be ineffectual and inept at maintaining a steady course for the nation’s economy. As such, there appears no reason to maintain this bastion of ineptitude that we know as The Federal Reserve System. Furthermore, The Fed obviously claims no fiduciary responsibility to the American people nor to our government - and apparently the Fed seems to only exist to ensure the U.S. Federal government maintains a significant debt level into the distant future. And, as no one knows whether the actions of The Fed actually produce any realistic outcome/change – other than change for the bankers and financial institutions themselves, The Fed appears to have accomplished nothing but a ‘con-man’s’ ‘scam’ on the nation while concurrently robbing us of our birthright and any intrinsic value of our dollar as well. If you don’t believe me on this point, simply look at the price of gold and the value of the dollar over the last eighty years (approximately) that the Fed has been in power controlling our nation’s money supply. ( See related blog at: http://adamvernontrotter.blogspot.com/2010/01/venezuelas-hugo-chavez-follows-federal.html . And worthy of note, why was it illegal for Americans to hold gold for so many years, once the Federal Reserve System took the reigns of the nation? Look for a future blog on this matter of barring gold from the citizenry.)

So again I state: It appears the time is at hand to ‘Shred the Fed’!!! It appears the only way to possibly accomplish such a feat is to rid our nation of all the elected officials that have consistently allowed this scam known as ‘The Federal Reserve System’ to maintain its existence and power over the nation. It would appear that the list of elected officials that have allowed this situation and ‘scam’ to manifest itself to its current level would include nearly every politician elected to date since the Great Depression of the 1930's – at least nearly every politician on a Federal level, and this list would also include every official in power in our justice systems as well (judges, lawyers, etc.). Clearly, there has never been any change in ‘policy regime’ since The Fed assumed power, at least no change in policy regime that was not to the benefit of The Fed and no change that was not perpetrated against the populace – regardless of any promised ‘change’ by any Federally elected official. Notwithstanding, the likely criminal nature of the existence of The Federal Reserve System and its control of our currency has become so entrenched in our society and our nation that only Congressional power could possibly hope to correct this long-standing wrong. Personally, I am inclined to believe that much of the political activities (such as wars), nationwide social woes (such as racial tensions), and in-fighting within the ranks of those in power in our nation are merely an orchestrated ‘smoke-screen’ to hide the likely true criminals of nation we know as ‘The Fed’ and its allies in positions of power throughout our society.

To be clear, I am no supporter of socialism or communism; such fascist-type ideas are unnecessary for our nation, in my opinion. Our nation merely needs leaders that care for the well-being of the populace more than the dollar amounts infused into any respective leader’s bank accounts – that is, a proper and just leader should care more for other concerns rather than monies amassed during the never-ending pursuit of the long-standing prostitution of the American Birthright.

Comments concerning the issues herein are welcome.

Adam Trotter / AVT

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PS. Maybe the only way to effect any significant change in this regard is for me, myself, to run for Congress and to attempt to illuminate and expose the likely criminal nature of The Fed to the general public of the United States of America. (To this end, see: http://tornadotamer.blogspot.com/2009/07/vow-of-poverty.html.) That is, if I were to be given the opportunity to enlighten anyone, of course. And, of course, assuming that anyone should care in the slightest about these words and my practice of invoking my Substantive Right to Free Speech - as evidenced by the sentiments herein - and such speech has not merely equated to an attainable target on my back as viewed by those in large numbers that appear to care more for their pennies than they care for the lives of their fellow countryman and/ fellow mankind.

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See:

Definition of Terms: "Shred the Fed"

http://adamvernontrotter.blogspot.com/2011/02/definition-of-terms-shred-fed.html

Allow the Federal Government to Control America’s Currency.

June 20th, 2009

The Federal Government should be in control of America’s money supply; not a banking ‘cartel.’ The Federal Reserve System is not a government agency, regardless of its name and appearance. Does anyone hear these words? After all, if the Federal Reserve System knew what it was doing, it is unlikely that the nation would be in such an undesirable economic position as it is currently. The Federal Reserve System has been in existence (in some capacity) for an excess of ninety-five years. How many years should the Fed be allowed practice its theories at the expense of our economic well being? Has much of the recent currency and deficit ‘jockeying’ (e.g. bail-outs, stimulus plans, etc.) been merely a plan to keep the Fed in business and to assure a continued and on-going market for American debt at the expense of the American citizen? The Federal Reserve System appears veiled in secrecy and apparently claims absolutely no fiduciary responsibility to anyone other than itself. As such, does the Fed seem like the proper entity to run our nation’s economy? Your comments in response are welcome.
AVT


PS. To be clear, I understand the peril the sentiment of this particular blog could invoke. It would seem to be between a banker and his money is not a safe place for anyone to find oneself. To verify such a statement, one would only likely need to ask the last two major populist politicians who did attempt to obstruct the bankers from the nation’s money supply: John F. Kennedy and Abraham Lincoln.