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Real Estate Espresso
Looking Like A Central Bank Digital Currency

Real Estate Espresso

Play Episode Listen Later Jun 2, 2025 6:10


On today's show we are talking about a new provision of the latest tax bill that passed the US Congress and is now before the Senate. During the election campaign, President Trump said clearly that he did not favor a central bank digital currency. In fact he has made several statements in support of crypto currencies and his family is active in various crypto initiatives. But it seems that the President may have accidentally created the underlying systems that in fact amount to a CBDC. Whether this is an accident or deliberate is hard to tell. But the effect on the long term freedom and privacy of the citizens of the US is the same. The Federal Reserve Act explicitly prohibits ordinary citizens from having an account at the Fed. In order for a CBDC to be enacted in the US, it would require that aspect of the legislation to be modified. On today's show I'm going to unveil the plumbing that is being created in the system that effectively amounts to a CBDC with direct government oversight.-------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

3SchemeQueens
Was the Titanic Sinking a Conspiracy to Ensure the Success of the Federal Reserve?

3SchemeQueens

Play Episode Listen Later Apr 15, 2025 35:13 Transcription Available


**Discussion begins at 4:08**We are taking another look at the infamous sinking of the Titanic - This time discussing the conspiracy theory that the sinking was intentionally planned to ensure the success of the Federal Reserve.  Was the sinking orchestrated to eliminate individuals who opposed the creation of the Federal Reserve System? Several wealthy men, including John Jacob Astor IV, Isidor Straus, and Benjamin Guggenheim, were all aboard the Titanic and died in the disaster.  Today, they would be worth a combined 11 billion dollars.  What else did they have in common?  All three allegedly opposed the passage of the Federal Reserve Act, which aimed to centralize control of US monetary policy.  The sinking of the Titanic occurred in April 1912, and the Federal Reserve Act was signed into law just over a year later in December 1913.  Is this merely a coincidence?  Or was there something more sinister at play?Send us a textSupport the showTheme song by INDA

The Secret Teachings
Can You Spare A Bit of Coin (4/14/25)

The Secret Teachings

Play Episode Listen Later Apr 14, 2025 120:01


*The is the FREE archive, which includes advertisements. If you want an ad-free experience, you can subscribe below underneath the show description.The President of the United States first signed an EO (January 23, 2025) to create a working group on digital assets. Next he signed an EO (March 6, 2025) to establish a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile. Although the same reserve plan failed for the state of Wyoming, the EO establishes the digital reserve federally. Wyoming is, however, leading the way in experimenting with Stablecoin, while a bank in the state also became the first to send and receive digital U.S. Dollars. Wyoming-based Custodia Bank worked with a Texas bank to send tokenized digital dollars from an account into the digital realm and back again. Wyoming plans to unveil their Stablecoin in June 2025. Back at a Federal level, the Senate Banking Committee sent a stablecoin bill to the full chamber for debate in early March. By early April Satoshi Nakamoto, the supposed founder of Bitcoin - though “he” could be a “she” and is in fact more than one person - mysteriously reappeared for the first time since 2008 when Bitcoin was speculated on and created by 2009. Who or what they are is unknown to everyone except the Department of Homeland Security which knew the identity officially back in 2019 and yet failed to reveal it to the public. This is interesting because doing something like creating such a secure alternative to the U.S. Dollar is usually seen as an act of terrorism and a threat to national security. Although an EO on Central Bank Digital Currency has been signed, banning its use, and an anti-CBDC Bill has cleared the House Financial Services Committee, Bitcoin and others are taking its place. The Trump family is heavily invested, too, with their crypto firm, World Liberty Financial, pushing to launch a decentralized finance platform DeFi. While proponents of Bitcoin, for example, say “its decentralized,” “rejected by the banks,” “not legal tender,” “it's stable,” and “not traceable,” this is in fact not the whole story. When it becomes legal tender and regulated in the United State then it will also become “stable” and centrally regulated. Bitcoin will also become even more highly trackable through AI, pattern recognition and government subpoenas, among other things. Now that the U.S. in issuing tariffs as part of a trade war, BlackRock CEO Larry Fink has joined the chorus of voices warning that the U.S. dollar's reserve currency status is at risk. Fink has even gone further and suggested a likely replacement: Bitcoin, which could replace the dollar as a reserve and change the whole system. “The question of a potential dollar confidence crisis has now been definitively answered—we are experiencing one in full force,” ING analysts including Francesco Pesole wrote in a note seen by Bloomberg. “The dollar collapse is working as a barometer of ‘sell America' at the moment.” The dollar's decline is seen by some as boosting the bitcoin price as traders bet bitcoin will follow in gold's footsteps, performing as a safe haven asset. The overall story seems to be this: some mysterious figure creates Bitcoin, banks oppose it like they famously did the Federal Reserve Act in 1913, which triggers public support and demands for it, then banks officially adopt it as a model, then the same people pushing bitcoin say it is the solution to the Great Rest which is rejected and replaced with Trump's Golden Age Reset, which itself leads to the U.S. Dollar losing status and being replaced by…. Bitcoin - while investors put their money in a digital, not physical, assets. As with Hawk Tuah Girl's $50-million pump and dump, this Bitcoin-cyrpto evolution has the ability to be the largest of such schemes in world history, and probably the largest transfer of wealth in world history too. It is set up to be the legendary world currency.-FREE ARCHIVE (w. ads)SUBSCRIPTION ARCHIVEX / TWITTER FACEBOOKMAIN WEBSITECashApp: $rdgable EMAIL: rdgable@yahoo.com / TSTRadio@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/tst-radio--5328407/support.

Stuff That Interests Me
The Mystery of America's Gold

Stuff That Interests Me

Play Episode Listen Later Mar 16, 2025 15:26


From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

The Flying Frisby
The Mystery of America's Gold

The Flying Frisby

Play Episode Listen Later Mar 16, 2025 15:26


From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Who Gets to Decide?
Eps - Let's End The FED During the Age of TRUMP!

Who Gets to Decide?

Play Episode Listen Later Feb 17, 2025 39:12


The Trump administration is moving so fast that the media cannot keep up and is driving the LEFT crazy! With all this momentum maybe those in Trump's orbit could suggest ending the Federal Reserve. Of course, this would take an act of Congress to repeal the 1913 Federal Reserve Act, but what a huge boost for Trump's legacy. Nothing good has come from this institution. It expands the money supply by buying U.S. Treasuries, and in the process, steals everyone's productivity. Listen Thomas Sowell tell you why it needs to go. Even former World Bank Presidents are concerned with what the FED is doing.CNBC - David Malpass, Former World Bank Presidenthttps://x.com/ShadowofEzra/status/1889022383584874690Hoover Institution Interview of Thomas Sowellhttps://www.youtube.com/watch?v=ERj3QeGw9Ok

A Very OK Podcast
Robert Owen and the Creation of the Federal Reserve

A Very OK Podcast

Play Episode Listen Later Jan 21, 2025 73:18


Born in Virginia and raised by his mother in the Cherokee Nation, Robert Owen was a seminal figure in Oklahoma's early history. He was elected as one of Oklahoma's first U.S. senators in 1907 where he championed progressive and populist causes in the nation's capital. Utilizing his background as a bank owner in Muskogee, he was the Senate author of the Federal Reserve Act of 1913, which created the financial system still in use today. In this episode, Trait Thompson and Dr. Blackburn talk to Dr. Ken Brown, a former professor at the University of Central Oklahoma and an expert on Owen, about his life and his work creating the Federal Reserve.

Palisade Radio
Dr. Ron Paul: D.O.G.E. & The Hope for American Liberty

Palisade Radio

Play Episode Listen Later Dec 18, 2024 28:12


Tom Bodrovics welcomes back former congressman Dr. Ron Paul from Texas and Liberty Report host to discuss the link between liberty and the economy. Dr. Paul insists that freer societies are more prosperous, advocating for a sound monetary policy as crucial for economic health. He condemns interventionist policies and criticizes the Federal Reserve's manipulation of interest rates, citing 1921 as evidence of a hands-off approach leading to a better recovery from an economic downturn. During the conversation, Dr. Paul expresses his aspiration to terminate the Federal Reserve and proposes steps towards accomplishing this goal, including repealing the Federal Reserve Act and enforcing the Constitution. Although he acknowledges that the process might not be easy due to the nation's addiction to low-interest rates and easy money, he emphasizes the importance of recognizing inflation as a tax on people's money and advocates for Fed auditing as a path to transparency. Dr. Paul supports gold-backed bonds as a means of promoting fiscal restraint and offering individuals a valuable savings opportunity. He denounces tariffs as an ill-conceived solution for economic matters, suggesting instead the elimination of burdensome business regulations. Furthermore, Dr. Paul expresses concerns about government information's lack of transparency and encourages citizens to educate themselves on constitutional principles in order to safeguard individual liberties. Dr. Paul concludes by urging listeners to act upon their convictions and principles, underlining the significance of education in history and economics. He also presents his homeschooling curriculum as a substantial contribution to fostering individual liberty and countering excessive government control over education and healthcare. Ultimately, Dr. Paul underscores the importance of personal accountability and the risks of government intervention in diverse areas. Time Stamp References:0:00 - Introduction0:36 - Economics of Liberty3:24 - Government Efficiency5:00 - Audit & End The Fed12:58 - Shelton & Gold Bonds14:36 - Tariffs & Regulations23:12 - Accurate Information?25:36 - What Should We Do?27:29 - Wrap Up Guest LinksTwitter: https://x.com/ronpaulWebsite: http://www.ronpaullibertyreport.com/Website: http:///ronpaulinstitute.org Ron Paul is an American author, physician, and former politician. He was the U.S. Representative for Texas' 14th and 22nd congressional districts. Ron represented the 22nd congressional district from 1976 to 1977 and from 1979 to 1985 and then represented the 14th congressional district, which included Galveston, from 1997 to 2013. On three occasions, he sought the United States presidency: as the Libertarian Party nominee in 1988 and as a candidate in the Republican primaries of 2008 and 2012. Paul is a critic of the federal government's fiscal policies, especially the Federal Reserve and the tax policy, as well as the military-industrial complex and the War on Drugs. Paul has also been a vocal critic of mass surveillance policies such as the USA PATRIOT Act and the NSA surveillance programs. Paul was the first chairman of the conservative PAC Citizens for a Sound Economy and has been characterized as the "intellectual godfather" of the Tea Party movement. A native of the Pittsburgh suburb of Green Tree, Pennsylvania, Paul is a graduate of Gettysburg College and the Duke University School of Medicine, where he earned his medical degree. He served as a flight surgeon in the U.S. Air Force from 1963 to 1968. In addition, Ron worked as an obstetrician-gynecologist from the 1960s to the 1980s. He became the first Representative in history to serve concurrently with a son or daughter in the Senate when his son, Rand Paul, was elected to the U.S. Senate from Kentucky in 2010. Paul is a Senior Fellow of the Mises Institute and has been an active writer, publishing on the topics of political and economic theory and publicizing the ideas of econ...

Ron Paul Liberty Report
A Road Map To Ending The Fed

Ron Paul Liberty Report

Play Episode Listen Later Dec 16, 2024 23:46


"How do you End The Fed?” is a common question. Since the government created the Fed by signing the Federal Reserve Act in 1913 (yes, The Fed is a government-created monopoly) then the simple answer is for Congress to repeal that Act. But alas, it is not so simple in practice. The Fed has been our albatross for over 100 years and it has entrenched itself into our economic lives. Steps can definitely be taken, however, to free ourselves from this immoral and unconstitutional monopoly. Over time, as has happened with Americans freeing themselves from the mainstream media, it can be done.

The Dictionary
#F51 (federalization to feeblish)

The Dictionary

Play Episode Listen Later Dec 9, 2024 28:34


I read from federalization to feeblish.     The Federal Reserve Act seems to have changed how banking was done in the US.  https://en.wikipedia.org/wiki/Federal_Reserve_Act     The word of the episode is "fed up".     Use my special link https://zen.ai/thedictionary to save 30% off your first month of any Zencastr paid plan.    Create your podcast today! #madeonzencastr     Theme music from Jonah Kraut https://jonahkraut.bandcamp.com/     Merchandising! https://www.teepublic.com/user/spejampar     "The Dictionary - Letter A" on YouTube   "The Dictionary - Letter B" on YouTube   "The Dictionary - Letter C" on YouTube   "The Dictionary - Letter D" on YouTube   "The Dictionary - Letter E" on YouTube   "The Dictionary - Letter F" on YouTube     Featured in a Top 10 Dictionary Podcasts list! https://blog.feedspot.com/dictionary_podcasts/     Backwards Talking on YouTube: https://www.youtube.com/playlist?list=PLmIujMwEDbgZUexyR90jaTEEVmAYcCzuq     https://linktr.ee/spejampar dictionarypod@gmail.com https://www.facebook.com/thedictionarypod/ https://www.threads.net/@dictionarypod https://twitter.com/dictionarypod https://www.instagram.com/dictionarypod/ https://www.patreon.com/spejampar https://www.tiktok.com/@spejampar 917-727-5757

X22 Report
Big Pharma Panic,At What Stage Of The Game Do You Play The Trump Card?Now They All Lose – Ep. 3494

X22 Report

Play Episode Listen Later Nov 8, 2024 77:59


Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture Germany is economy is falling apart, they are pushing the green party out, now the people aren't getting the electric because of  no wind and no sun. UK cuts rates. Iran's currency declines. The [CB] cut rates early, setting the stage. Powell says he will not go if Trump asks him. Big Pharma is now panicking, one CEO has resigned and the others had a meeting. The [DS] is now pushing protests in different cities. Are they gearing up for another insurrection? Trump has declassified all the information, at what stage of the game do you play the Trump card. Now they all lose.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/disclosetv/status/1854461646074196257 https://twitter.com/BitcoinMagazine/status/1854513438199885971 https://twitter.com/DeepakRai98836/status/1854305773058498919?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1854305773058498919%7Ctwgr%5E60c6e1d9350834d4ed4042c1f409f7712ada031b%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2024%2F11%2Firans-currency-hits-all-time-low-following-president%2F   Fed cuts interest rates in first meeting since Trump win The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, welcome news for consumers who have been struggling with higher rates. After a two-day meeting of its monetary policy committee in Washington, D.C., the Fed announced it would move its rate target to 4.50% to 4.75%. Investors anticipated the move after the central bank's bigger half percentage point cut at its September meeting.  Source: washingtonexaminer.com Powell says he would not resign as Fed chief if Trump asked for his resignation  Federal Reserve Chairman Jerome Powell said Thursday that the president does not have the legal power to fire or demote him. When asked whether he would step aside if President-elect Donald Trump asked him to resign, Powell simply said: “No.” Source: cnbc.com Legal Basis: Section 10 of the Federal Reserve Act specifies that members of the Board of Governors, including the Chairman, can be removed "for cause" by the President. However, what constitutes "for cause" isn't explicitly detailed in the law, but traditionally, it has been interpreted to mean serious misconduct like inefficiency, neglect of duty, or malfeasance in office. Policy disagreements generally do not suffice as cause for removal. Practical Considerations: Legal Challenge: If a President attempted to remove the Chairman without clear cause, the Chairman could potentially challenge this in court, which might lead to a Supreme Court decision defining what "for cause" means in this context. Federal Reserve Structure: Even if removed from the chairmanship, the individual might still serve as a Governor if their term hasn't expired, potentially retaining influence over policy through voting rights on the Federal Open Market Committee (FOMC). Trump's tariffs will contribute to the US economic boom Trump's tariffs (coupled with his reduction in the corporate income tax for American producers) would encourage businesses to build new factories in the United States.  In his commentary “Trump's Most Misunderstood Policy Proposal,” Cass pointed out that Americans, not foreign workers, get the wages when products are produced in the United States.  He also pointed out that manufacturing drives long-term growth: Manufacturing drives innovation.

Liberty Roundtable Podcast
Radio Show Hour 2 – 07/29/2024

Liberty Roundtable Podcast

Play Episode Listen Later Jul 29, 2024 54:50


* Guest: Lowell Nelson - CampaignForLiberty.org, RonPaulInstitute.org * Republican Platform Ignores Real Causes of Inflation - Ron Paul. * "It remains up to those of us who know the truth to keep spreading the message that the real key to making America great again is to make money real again by auditing and ending the Fed." * Call your Congressman today, and insist that they co-sponsor and support HR 8421 Federal Reserve Board Abolition Act. This bill was introduced by Kentucky Rep. Thomas Massie on May 16 of this year (just two and a half months ago). It was referred to the Financial Services Committee in the US House. It has 26 co-sponsors so far, but none of them from Utah. * Urge your senators to co-sponsor and support Senate Bill 4463 - A bill to abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes. This bill was introduced by Utah Senator Mike Lee on June 5 of this year (just two months ago). It was referred to the Banking, Housing, and Urban Affairs Committee. It has no co-sponsors yet. * We could restore sound and honest money in America if we, the people, would insist on it! * Freedom's Extinction - Andrew Napolitano. * Freedom is the right to make personal choices about religion, speech, association, self-defense, travel, privacy, money, property, and so forth, without a permission slip from government. * War Criminal Benjamin Netanyahu Addresses the US Congress - Philip Giraldi. * House Speaker Mike Johnson described support of Israel as "one of America's founding principles." What a moronic comment! * There will be blowback. And America's reputation continues to sink into swamp-like territory. Washington needs to end its bipartisan, blank-check support for Israel and extricate itself from this tragedy. * No matter who wins the November election, Zionists will control the White House. Trump is pro-Israel, as is Kamala Harris. So don't look to Trump or Harris to solve this problem. This is Congress' problem, so we need to put pressure on Congress. * Benjamin Franklin: How to Lose an Empire - Michael Boldin, TenthAmendmentCenter.com * The people should never just sit idly by and take it: “Rebellion to Tyrants is obedience to God.”

365 Driven
Parallels of Power: Lessons from Roman History - with Jeremy Ryan Slate - EP 366

365 Driven

Play Episode Listen Later Jun 12, 2024 53:55


How can lessons from the fall of Rome help us navigate today's political landscape? Jeremy Ryan Slate is back on the 365 Driven podcast to explore the striking parallels between ancient Rome and modern America. Jeremy holds a master's degree in Roman History and he brings his expertise to this episode to draw parallels to modern America and the lessons we can learn from Rome's fall. Jeremy kicks off by examining the pivotal changes of 1913, including the introduction of the income tax, the 17th Amendment, and the Federal Reserve Act, and their lasting impact on American politics. Jeremy then dives into the significance of emperor worship and propaganda in Rome's transition from a republic to an empire, and shows how these historical events provide a perspective on our current political struggles. Jeremy then journeys through the extensive history of Rome, from its founding in 753 BC to the fall of the Western Roman Empire in 476 AD, and beyond to the Eastern Empire's collapse in 1453. Understanding Rome's evolution from kingdom to republic to empire offers rich insights into the factors that led to its decline, such as poor leadership, economic turmoil, and military crises.  You will learn about the decline of the Western Roman Empire and its financial and political woes, echoing modern federalism in the United States. Evaluating the stories of key figures like the Gracchi brothers, Gaius Marius, Lucius Cornelius Sulla, and Julius Caesar, we can extract valuable lessons on reform, conflict, and power struggles. Additionally, Jeremy touches on the relevance of Roman history in today's social media-driven discussions and underscores the importance of community involvement and independent thought in navigating contemporary politics. Tune in for a compelling exploration of history that resonates powerfully with our present. Key highlights: The Decline of Empires and Republics Timeline of Rome's Changing Leadership Rise and Fall of Roman Empire Caesar's Rise to Power Roman Empire, Greek Influence, and Collapse Understanding Empires and Political Parties Connect with Jeremy Ryan Slate: Instagram: @jeremyryanslate Website: CommandYourEmpire.com Connect with Tony Whatley: Website: 365driven.com Instagram: @365driven Facebook: 365 Driven LinkedIn: Tony Whatley

Principle Perspective with Mike Winther
Biblical Principles of Government (7a)

Principle Perspective with Mike Winther

Play Episode Listen Later May 1, 2024 50:34


In this discussion, Mike Winther explores the significant topic of charity. Mike approaches this subject with caution to ensure that our actions align not only with our intentions but also with what God intends. He discusses the arguments for both large and small government structures, highlighting two main reasons why government expansion occurs. Mike examines what the Bible says about charity and assisting the poor, and he contrasts God's model of charity with that of Karl Marx. Additionally, Mike addresses the issue of inflation, the increase in the money supply, and rising prices. We learn how inflation lowers the standard of living and serves as another means of wealth redistribution. The discussion also covers the influence of the wealthy and the pivotal meeting at Jekyll Island that led to the establishment of the Federal Reserve. Often, the solutions we devise are part of the problem itself. We further explore how inflation negatively impacts savings. You'll Learn: [01:03] What happens when we increase the money supply?  [02:34] Inflation reduces our standard of living and is another method of redistribution of wealth. [03:16] Inflation is a hidden tax and even a moral evil. [09:08] Mike talks about the private rail car taking the wealthy men who established the Federal Reserve to Jekyll Island. This gives monopoly control over our currency and interest rates to the semi-public semi-private institution. [10:41] The Federal Reserve Act was sold as something to help the little guy. It actually did just the opposite. [12:55] Mike talks about campaign finance reforms and how they backfired. It led to longer terms of office for the incumbents. [16:17] Mike shares a hypothetical scenario that compares kids stealing a widows savings to losing savings when inflation is higher than interest rates.  [18:14] We have an ethical obligation to do something when we know an evil is occurring. [21:01] Mike talks about how the government finances deficits. Methods include bonds, borrowing from foreign investors, and having the Federal Reserve create money in exchange for a bond. [26:14] Debt is a bad thing.  [27:21] There's a battle over the size of the government.  [28:08] When people's safety feels threatened they allow the government to get bigger. We also expand government to help the poor. [29:09] Who gets charity? Who gives charity? What are the standards for charity?  [30:03] Deuteronomy 10:17 through 19. Deuteronomy 14:28. Deuteronomy 24:19. [38:10] The practical applications of this course are going to multiply. It's always a good idea to look at principles. [42:26] Should we be forced to pay for someone else's education against our will? [46:30] Is there a right to freedom of movement? What are the circumstances where you could legitimately reject someone from coming here? [46:57] Individualism says the individual is most important. Collectivism says the group is most important.   Your Resources: Books to browse Biblical Principles of Government (1a) Biblical Principles of Government (1b) Biblical Principles of Government (2a) Biblical Principles of Government (2b) Biblical Principles of Government (3a) Biblical Principles of Government (3b) Biblical Principles of Government (4a) Biblical Principles of Government (4b) Biblical Principles of Government (5a) Biblical Principles of Government (5b) Biblical Principles of Government (6a) Biblical Principles of Government (6a) The Creature from Jekyll Island

Ba'al Busters Broadcast
Remembering WACO with Bill Cooper and Linda Thompson

Ba'al Busters Broadcast

Play Episode Listen Later Apr 22, 2024 209:19


Bill Cooper and Linda Thompson discuss the wicked EVILs of the WACO Massacre.  We watch Waco the Big Lie II, and listen to an Hour of the Time broadcast where Bill is involved in the coordinating to help protect another man from being murdered at his home when he was under siege.  This rogue state doesn't recognize rights and hasn't since 1933, and actually earlier with the founding of the Federal Reserve Act in 1913, and the loss of the Civil War in 1865. GET COMMERCIAL FREE PODCASTS and Exclusive Content Become a Patron.  https://Patreon.com/DisguisetheLimitsGo To My Website: https://www.semperfryllc.com/podcast.htmlPriestcraft: Beyond Babylon is getting Great Feedback! 8.5x11 Paperback, Hardcover, & Kindle: https://www.amazon.com/dp/B0CNGX53L7/Barnes & Noble: Priestcraft: Beyond Babylon 416 pages, and ebook: https://www.barnesandnoble.com/w/book/1144402176KOBO: https://www.kobo.com/us/en/ebook/priestcraft-beyond-babylonTake Back Your Health NOW! DR PETER GLIDDEN, ND All-Access https://leavebigpharmabehind.com/?via=pgndhealth Add to the Kristos Family Apocalypse Fund: https://GiveSendGo.com/BaalBustersDR MONZO Products: https://drmonzo.kartra.com/page/shopDR MONZO ATB BOOK: https://drmonzo.kartra.com/page/ATBBookUSE CODE: BaalBusters15 for 15% OFF Dr. MONZO's store itemsGet KRATOM HERE: https://klaritykratom.com/?ref=BaalBustersSubmit Questions: https://buymeacoffee.com/BaalBusters or just Call-in!Have you tired TRY BLUE? https://tryblue.refr.cc/baalbusters for 17% Off!SHIRTS & MERCH https://my-store-c960b1.creator-spring.com/THIS CHANNEL IS INDEPENDENT and has no sponsors but YOUBecome a supporter of this podcast: https://www.spreaker.com/podcast/ba-al-busters-broadcast--5100262/support.

The Create Your Own Life Show
1913: The Year America's Fate Was Sealed?

The Create Your Own Life Show

Play Episode Listen Later Mar 4, 2024 20:57


Was 1913 the year that sealed America's fate, transforming it forever? In this must-watch, insightful episode of "Create Your Own Life," I, Jeremy Ryan Slate, take you on a deep dive into the pivotal events of 1913 that arguably stripped America of its sovereignty. With my background in history and years of dedicated research, I bring a unique perspective to these critical moments in time. We'll explore the Income Tax Act, the 17th Amendment, and the Federal Reserve Act—three monumental changes that continue to shape our nation's problems and sovereignty issues. This episode is not just a historical analysis; it's a call to action, offering solutions on how we can address these century-old decisions. Join me in this controversial, thought-provoking journey as we dissect how 1913 might have been the year America ceased to be a republic. Whether you're a history aficionado, a political enthusiast, or someone deeply concerned about America's future, this episode promises a fresh, analytical perspective on issues often glossed over. Your engagement is crucial. Comment your thoughts, like if you find the content enlightening, and subscribe to be part of a community that dares to challenge mainstream perspectives. Share this video to ignite conversations about America's past, present, and future sovereignty. Support our mission to enlighten and inspire by checking out our sponsors—products and services we trust and recommend. Dive deeper into the topics we discussed by visiting our website, and follow us on social media to join the conversation on America's fate and how we can reclaim our republic. Your voice matters in shaping a future informed by our past. Let's create change together.

The Create Your Own Life Show
1913: The Year America's Fate Was Sealed?

The Create Your Own Life Show

Play Episode Listen Later Mar 4, 2024 20:59


Was 1913 the year that sealed America's fate, transforming it forever? In this must-watch, insightful episode of "Create Your Own Life," I, Jeremy Ryan Slate, take you on a deep dive into the pivotal events of 1913 that arguably stripped America of its sovereignty. With my background in history and years of dedicated research, I bring a unique perspective to these critical moments in time. We'll explore the Income Tax Act, the 17th Amendment, and the Federal Reserve Act—three monumental changes that continue to shape our nation's problems and sovereignty issues. This episode is not just a historical analysis; it's a call to action, offering solutions on how we can address these century-old decisions. Join me in this controversial, thought-provoking journey as we dissect how 1913 might have been the year America ceased to be a republic. Whether you're a history aficionado, a political enthusiast, or someone deeply concerned about America's future, this episode promises a fresh, analytical perspective on issues often glossed over. Your engagement is crucial. Comment your thoughts, like if you find the content enlightening, and subscribe to be part of a community that dares to challenge mainstream perspectives. Share this video to ignite conversations about America's past, present, and future sovereignty. Support our mission to enlighten and inspire by checking out our sponsors—products and services we trust and recommend. Dive deeper into the topics we discussed by visiting our website, and follow us on social media to join the conversation on America's fate and how we can reclaim our republic. Your voice matters in shaping a future informed by our past. Let's create change together.

The A to Z English Podcast
A to Z This Day in World History | December 23rd

The A to Z English Podcast

Play Episode Listen Later Dec 22, 2023 3:31


Here are a few notable historical events that happened on December 23:1783: George Washington resigned as commander-in-chief of the Continental Army to the Congress of the Confederation, then meeting in the Maryland State House in Annapolis, Maryland.1913: The Federal Reserve System, the central banking system of the United States, was created with the signing of the Federal Reserve Act by President Woodrow Wilson.1947: The transistor was first demonstrated by physicists John Bardeen, Walter Brattain, and William Shockley at Bell Labs.1972: The Nicaraguan capital, Managua, was hit by a 6.2 magnitude earthquake, killing more than 10,000 people and causing widespread devastation.1986: The experimental airplane Voyager, piloted by Dick Rutan and Jeana Yeager, completed the first non-stop, non-refueled, around-the-world flight without landing.1995: The city of Bethlehem passed from Israeli to Palestinian control as part of the Oslo Accords.These events represent just a small selection, and there may be other, less well-known events that occurred on December 23 throughout history.Podcast Website:https://atozenglishpodcast.com/a-to-z-this-day-in-world-history-december-23rd/Social Media:WeChat account ID: atozenglishpodcastFacebook Group: https://www.facebook.com/groups/671098974684413/Tik Tok:@atozenglish1Instagram:@atozenglish22Twitter:@atozenglish22A to Z Facebook Page:https://www.facebook.com/theatozenglishpodcastCheck out our You Tube Channel:https://www.youtube.com/channel/UCds7JR-5dbarBfas4Ve4h8ADonate to the show: https://app.redcircle.com/shows/9472af5c-8580-45e1-b0dd-ff211db08a90/donationsRobin and Jack started a new You Tube channel called English Word Master. You can check it out here:https://www.youtube.com/channel/UC2aXaXaMY4P2VhVaEre5w7ABecome a member of Podchaser and leave a positive review!https://www.podchaser.com/podcasts/the-a-to-z-english-podcast-4779670Join our Whatsapp group: https://forms.gle/zKCS8y1t9jwv2KTn7Intro/Outro Music: Daybird by Broke for Freehttps://freemusicarchive.org/music/Broke_For_Free/Directionless_EP/Broke_For_Free_-_Directionless_EP_-_03_Day_Bird/https://creativecommons.org/licenses/by/3.0/legalcodehttps://freemusicarchive.org/music/Scott_Joplin/Piano_Rolls_from_archiveorg/ScottJoplin-RagtimeDance1906/https://creativecommons.org/publicdomain/mark/1.0/Support this podcast at — https://redcircle.com/the-a-to-z-english-podcast/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Luke Belmar Data Sets
The Greatest Deception: Your Fiat MONEY Is a LIE

Luke Belmar Data Sets

Play Episode Listen Later Dec 15, 2023 14:21


In this podcast episode, Luke Belmar & Colin Yurcisin delve into the history and current state of the monetary system, discussing the role of debt, the removal of the gold standard, and the introduction of central bank digital currencies. They critique the banking system and the unlimited printing of money, drawing parallels to the fall of the Roman Empire and the role of military power. The conversation also covers the importance of personal branding and self-education in preparation for future economic shifts, emphasizing the need for individuals to manage their own finances and understand how the world works. Follow the podcast to elevate yourselves with Luke Belmar's Data Sets

Kinesis Money
Dollar doesn't work but gold has everlasting value. Feat. Dr Stephen Leeb

Kinesis Money

Play Episode Listen Later Nov 10, 2023 66:00


In this week's episode of Live from the Vault, Andrew Maguire is joined by Dr Stephen Leeb, money manager and writer of the Intel for Investors newsletter, to discuss the acronym he coined: ICAG, and the expansion of BRICS.The precious metals experts discuss gold's role on a spiritual level as well as its place in current and future global monetary systems, before taking a closer look at the US dollar-based financial model, explaining why it no longer works. Check out Stephen Leeb: https://www.leeb.net/Timestamps:00:00 Start 02:40 ICAG - what this acronym means and gold's spiritual role19:30 The imminent Russia-chaired BRICS meeting30:00 Does gold competing with treasuries undermine the Federal Reserve Act?41:30  The new BRICS currency and the end of US dollar hegemony 52:30  Sharing wisdom and moralitySign up for Kinesis on desktop:https://www2.kinesis.money/investor-youtube.Download the Kinesis Mobile app - available App Store and Google Play:https://apps.apple.com/us/app/kinesis...https://play.google.com/store/apps/de...Also, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.Twitter: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Telegram: https://t.me/kinesismoney

Conspiracy Theory Or Not?
This Is Very Important You Must Understand How the Banking System Works (Estoteric)

Conspiracy Theory Or Not?

Play Episode Listen Later Oct 29, 2023 12:22


President Woodrow Wilson, who strongly opposed private banks, signed off on the Federal Reserve Act, something he deeply regretted. Soon after, according to the Road to root, a theory, Wilson signed off on it. Out of fear of catastrophic inflation. The amount of gold being found in the late 18 hundreds was causing an endless rise of inflation by 1900, several mining companies were harvesting gold from the. Canyon, which was a major undertaking, an 80 mile long road, was built to access a coal deposit for power and barges and steam ships were assembled in the canyon to deliver this coal every day. By 1912, the New York Times reported that billions of ounces of gold were estimated to be dredged from this operation. And at this time, there was only 64 million ounces of gold in the US Treasury and 160. Worldwide. Adding billions of ounces would've been economically catastrophic. It would've driven the value of gold to zero, devastating the world's economies, and destroying the wealth of the world's most powerful people.Also The Income Tax was started monthes later. What was our National Debt before these acts were pasted? What is the National Debt today? Have you seen a courthouse and a Masonic Lodge? What was the founders grand plan. Research Marvin Bryer.You need to know this

The Create Your Own Life Show
Woodrow Wilson: The Worst American President?

The Create Your Own Life Show

Play Episode Listen Later Jul 25, 2023 17:18


Who do we have to blame for much of America's condition today? Woodrow Wilson. A single look at Wilson's doctoral thesis would have told us to be careful with him; it was on ending the American System and replacing it with monarchal system. That's what Wilson spent the next 8 years doing; 1913 being a pivotal year of it. Did women get the right to vote? Yes, and thats a good thing that he did. Did workers get better protections? Yes, and thats a good thing he did. However, the bad permanently changed the country: Income Tax, the Federal Reserve Act, The 17th Amendment, Prohibition,  The First World War and many others. America is permantly changed by the Wilson Presidency. One editors note: I mispoke on the WWI Treaty of Versailles calling it the Treaty of Paris. Yes, there were many Treaties or Paris, but this was one one of them. 

The Create Your Own Life Show
Woodrow Wilson: The Worst American President?

The Create Your Own Life Show

Play Episode Listen Later Jul 25, 2023 17:17


Who do we have to blame for much of America's condition today? Woodrow Wilson. A single look at Wilson's doctoral thesis would have told us to be careful with him; it was on ending the American System and replacing it with monarchal system. That's what Wilson spent the next 8 years doing; 1913 being a pivotal year of it. Did women get the right to vote? Yes, and thats a good thing that he did. Did workers get better protections? Yes, and thats a good thing he did. However, the bad permanently changed the country: Income Tax, the Federal Reserve Act, The 17th Amendment, Prohibition,  The First World War and many others. America is permantly changed by the Wilson Presidency. One editors note: I mispoke on the WWI Treaty of Versailles calling it the Treaty of Paris. Yes, there were many Treaties or Paris, but this was one one of them. 

Principle Perspective with Mike Winther
Does Our Banking System Make Us Slaves?

Principle Perspective with Mike Winther

Play Episode Listen Later Jun 28, 2023 58:32


Mike Winther has devoted the past 17 years to foster a better understanding of the biblical role of government. In this lecture, he talks about why he has devoted his time to this and then dives into the question of whether our banking system makes us slaves.  Some of the things discussed include what economics actually are. Economics are the rules of trade and commerce and really become a part of government. What's true for individuals also needs to be true for the institutions that govern them, yet we give the government powers that we don't have. He talks about the Federal Reserve and so much more.    You'll Learn: [02:00] When Mike was growing up, his family was interested in the government. Mike went to a lot of conferences on government and economics as a kid, and he majored in political science. [02:28] He also worked in the campaign world hoping to make the world a better place by getting better officials elected. [02:53] We're losing America, because we're losing the hearts and minds of some Americans. Mike started teaching courses about Christian involvement in the public square. He founded the Institute for Principle Studies in 2005. [03:59] Economics are the rules by which we engage in trade or commerce. The study of economics is really a study of government. The core question is what is the government's role managing the economy. [05:01] What's true for individuals also needs to be true for the institutions that govern them. We give the Government powers that the average individual doesn't have. [06:50] The Federal Reserve isn't actually part of the government. The Federal Reserve Act was passed in 1913. It's a monopoly. People can't participate in banking unless it's part of the Federal Reserve System. [07:42] The Federal Reserve is a private bank, but the government has some control over some of its directors. It's a hybridization or a mix between public and private. [08:36] The big debate is free market versus socialism. The argument used for socialism was the Great Depression of 1929. [09:23] The banking problems of the 1920s were actually caused by the Federal Reserve. The shrinking money supply is what caused the stock market crash. [11:32] How our banking system makes us slaves. In the old days, currency used to be backed by gold. It was an asset-based currency. [12:39] The Federal Reserve System was designed to be a money system based on debt not assets. [13:22] The initial value of our money is based on a Government Bond or debt. [13:41] Inflation is a hidden tax where money loses value and prices go up. [20:33] Reasons why people are questioning the Federal Reserve. Ron Paul wanted to audit the Federal Reserve. A system that increases inflation is not a good idea.  [22:31] Social financing should come from tithes, not government programs. [24:08] Inflation steals from everyone, especially those on fixed incomes. [29:55] Government and state schools aren't going to live up to biblical principles. [33:39] Corruption and just printing money. Why the Federal Reserve needs to be repealed.  [39:09] Instead of leaving an inheritance to our children and grandchildren we are leaving vast amounts of debt. [43:36] Too many distractions prevent us from focusing on the main issues in our society. [48:00] Mike has hope for the future and he's willing to invest in young people now. People need to be taught how to think. The value of debate is forcing the participants to learn things at a deeper level and think it through.  [53:05] In a debate both sides of the issue need to be studied and understood.   Your Resources: Books to browse Five Principles By Michael Winther

Palisade Radio
Hugh Hendry: The Gravest Financial Disruption in Human Experience

Palisade Radio

Play Episode Listen Later Jun 2, 2023 77:14


Tom welcomes the fascinating new guest Hugh Hendry to the show. Hugh talks about the challenges of setting up a hedge fund today. He paints a picture of the current markets as fiercely volatile, particularly with unusual events occurring that are supposed to happen once in a century. Additionally, debt and debt expansion shows no signs of ending. Hugh reviews the implications of China predominantly using domestic financing and the effects of their surplus in global trades. He harkens back to the gold standard when it acted as successful high powered currency on an international level before the US Federal Reserve's involvement. The US now embraces debt to an unprecedented degree that is leading much of the world to a type of serfdom. Should a conflict occur between Taiwan and China, markets would suffer a massive increase in volatility with a likely negative outcome. Meanwhile in China, their GDP metrics have failed, and the world's economies are all in a state of decline. An example of this is the drop in financial sector stocks along with people fleeing banks to get to the 5% offered by the Fed. Hugh's view is that the 1934 Federal Reserve Act was made to mend the banking system, however, with current price deflation and reduced capital investment, it has been ineffective. Market stabilizers, such as short selling, also aren't able to prove as useful as before and capital controls remain a risk. He highlights the Marxist ideology that has resurfaced recently, as younger generations are no long seeing the promised level of success available to their parents. Hugh states we are in the “Fourth Depression”, and he breaks down how each of the previous three was resolved. Considering reasonable trades in relation to this environment, Hugh suggests considering Bitcoin as one of the few assets currently undervalued. Time Stamp References:0:00 - Introduction0:57 - Hedge Fund Start5:57 - Bubbles & Trends10:32 - Debt Expansion & China16:07 - China's Labor Force22:32 - Taiwan & Conflict Risk28:30 - Fed Aggressiveness36:00 - Capital Flight Controls?40:55 - Feds Usefulness?48:40 - Foreign Capital & Equities55:08 - Wealth Protection?1:06:18 - Trades, Nvidia & Bitcoin1:10:33 - Thoughts on Gold1:15:48 - Wrap Up Talking Points From This Episode We are in an unprecedented period of volatility and debt expansion, with growing potential for conflict.There has been a lack of counter moves to the overvaluation, as well as financial repression resulting from negative real rates and the possibility of a fourth depression.Bitcoin could be one of the few assets currently undervalued and he explains his views on gold. Guest Links:Twitter: https://twitter.com/@hendry_hughYouTube: https://www.youtube.com/@HughHendryOfficialWebsite: https://hughhendry.com/Acid Capitalist Podcast: https://open.spotify.com/show/5zj3Ox1qRD9GSynCKJIODS Hugh Hendry was born in 1969 in Glasgow, Scotland, and graduated from Strathclyde University with a degree in Business Administration and Economics and Finance in 1990. His career began at Edinburgh asset management company Baillie Gifford, followed by Credit Suisse and Odey Asset Management. In 2005, he founded Eclectica Asset Management. Hendry is renowned for his risk-taking and thought-leadership in global capital markets. His prescience in forecasting the Great Financial Crisis of 2008 earned him a reputation as a prophetic iconoclast. He has achieved success on social media, including a successful podcast, viral posts, and appearances on Bloomberg, the Economist, and Institutional Investor. Hendry now resides in St. Barts, where he is a leading investor in luxury real estate. He achieved a 31.2% positive return in 2008 and was featured on Financial News's list of the 100 most remarkable people in European capital markets. Often giving interviews, participating in TV programs and conferences, and known for his contrarian views, Hugh Hendry is an influential figure in today's market ma...

Forward Guidance
The Fed's Playbook for Fighting Bank Panics, Now vs. The Great Depression | Dr. Jane Knodell

Forward Guidance

Play Episode Listen Later May 15, 2023 64:47


Jane Knodell, professor of economics at the University of Vermont and Author joins the show for a historical comparison between the previous bank runs & the banking turmoil of 2023. Knodell reflects on the development of the U.S banking system throughout history, the measures taken today to curb deposit flight and how the Federal Reserve ultimately became the lender of last resort. To hear all this and more, you'll have to tune in! — Follow Jane: https://twitter.com/JaneKnodell  Follow Jack Farley on Twitter https://rb.gy/uesguv  Follow Forward Guidance on Twitter https://rb.gy/cy0dki  Follow Blockworks on Twitter https://rb.gy/igyzsj  --  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw  Market commentary, charts, degen trade ideas, governance updates, token performance, can't-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos — Referenced In The Show: Making a Central Bank Out of the Federal Reserve: A Historical Perspective on Wartime Amendments to the Federal Reserve Act: https://www.researchgate.net/publication/368342410_Making_a_Central_Bank_Out_of_the_Federal_Reserve_A_Historical_Perspective_on_Wartime_Amendments_to_the_Federal_Reserve_Act  Fighting Financial Crises Learning from the Past Gary B. Gorton and Ellis W. Tallman: https://press.uchicago.edu/ucp/books/book/chicago/F/bo26527334.html — Timestamps: (00:00) Intro (00:19) Historial Comparisons To 2023's Banking Turmoil (02:37) The Difference Between Solvency & Liquidty In A Bank Run (07:17) Making a Central Bank Out of the Federal Reserve (11:42) The Role of Gold In The Federal Reserve's History (17:00) Why Did Gold Flee To The Fed In 1917? (22:57) Permissionless ad (24:00) The Federal Reserve: The Lender Of Last Resot (29:51) How Has The Banking System Developed Throughout U.S History? (35:21) The Collapse Of Silicon Valley Bank (38:11) The Bank Term Funding Program (41:14) All Roads Lead Back To Congress (46:50) Learning From The Lesson's Of The Great Depression (55:37) The Looming Debt Ceiling (58:19) Blockworks Research (59:20) The Trillion Dollar Coin — Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

The Secret Teachings
TST 5/9/23 - Fed up with Greed: A New Red Scarcity

The Secret Teachings

Play Episode Listen Later May 10, 2023 120:01


Inflation is blamed on everything from foreign countries and corporate greed to wage increases. Others blame billionaires for not paying their fair share. Consider what would happen though if all of Bill Gate's money - $114 billion - was taken away… this would NOT even pay for the Ukrainian price tag, and its ridiculous. Few mention or realize though that since 2020 more than $6.5 trillion has been injected into the economy. From pandemic stimulus ($5 trillion) to the Inflation Reduction Act ($1.2), and hundreds of billions to Ukraine alone, these are the real cause of inflation. Then there is lack of faith in U.S. investments and currency, not to mention years of forced business closures and government handouts. Despite 40-year-high-inflation, the Bureau of Economic Analysis found that Corporate profits for 2021 were 37% higher with taxes factored in than at any point since those numbers were first tracked in 1948. Profits remained as high in 2022. Oil companies in particular made record profits in 2022 and in 2023 egg producers are also making record profits. Meanwhile, members of Congress constantly talk about ‘raising the debt ceiling' to pay for the functioning of government. What they don't say or don't understand is that with the creation of even more money to pay these bills, i.e. inflation, will force the average person to pay a tax through higher prices, since the value/purchasing power of the current declines. All the calls for Billionaire to pay more neglect to take the Federal Reserve Act model into consideration; it was actually Bill Gates who lobbied Congress to pass the IRA, even though it was billed as making the wealthy pay more. It's no different than bankers opposing the FRA. These talking points, as with ESG scores for corporations, provide the ultra-wealthy and powerful with moral licensing to continue real exploitation in the name of fairness and equality. In essence, businesses and banks are colluding with government - fascism - to create artificial and organic scarcity in order to consolidate wealth and power. Real capitalism apparently has never been tried.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5328407/advertisement

Loving Liberty Radio Network
04-11-2023 Liberty RoundTable with Sam Bushman

Loving Liberty Radio Network

Play Episode Listen Later Apr 24, 2023 109:40


Hour 1 * Alexander Soros, Son of George Soros Has Been A Frequent Visitor to The White House, Appearing At Least 14 Times According to the NYPost! * Guest: George Rodriguez, Conservative, American of Mexican descent, bi-lingual political commentator and political writer, Host of The El Conservador Show. * El Conservador – A constitutional conservative Texan of Mexican descent, who loves to confront and expose liberals, fake news, and racist minorities. * A lifelong Texan, San Antonio based activist George Rodriguez has always practiced what he preaches – engagement at the local level. * Guest: Sid Miller, Texas Commissioner of Agriculture – TexasAgriculture.gov * Mr. Miller Is a farmer, a champion rodeo rider, a Christian, and a lifelong Texan. * The Effort To Undermine Our Sovereignty By Our Own Government! * The Reality of The Border Crisis! * Impact On Our Food Supply, Largest Food Supplier Owned By Chinese. * What Is The Top Threat facing The American People And Our Way Of Life? * School Shootings, Efforts to have armed staff in schools! * It's All About Spiritual Warfare! * As faith has declined for Gen Z, so has mental health, as recent studies found that Gen Z reports the highest level of mental illness and suicidal ideation compared to other generations. * In 2022, a study revealed that 42% of Gen Z reported being diagnosed with a mental illness and 70% said that their mental health has gotten worse since the start of the COVID-19 pandemic. * Why do Americans seem to all have a therapist? * Defund the police encounters resistance as violent crime spikes! Hour 2 * Three GOP Reps. Introduce Gold Standard Bill to Stabilize the Dollar's Value – ‘No longer would American families, businesses, and the economy as a whole be at the mercy of the Federal Reserve and reckless Washington spenders…' – HeadlineUSA.com * Reps. Alex Mooney, Andy Biggs and Paul Gosar, introduced H.R. 2435, the Gold Standard Restoration Act, to facilitate the repegging of the volatile Federal Reserve note to a fixed weight of gold bullion. * Upon passage of H.R. 2435, the US Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be formally repegged to a fixed weight of gold at its then-market price. * H.R. 2435 points out: “The Federal Reserve note has lost more than 40% of its purchasing power since 2000, and 97% of its purchasing power since the passage of the Federal Reserve Act in 1913.” * That's why H.R. 2435 also requires the Fed and the Treasury to disclose “all records pertaining to redemptions and transfers of United States gold in the 10 years preceding the temporary suspension in August 15, 1971, of gold redeemability obligations.” * Twitter last week decided to label NPR as “state-affiliated media” but swiftly received backlash online for the decision. * “State-affiliated media is defined as outlets where the state exercises control over editorial content through financial resources, direct or indirect political pressures, and/or control over production and distribution,” Twitter's rules and policies show. * NPR has said less than 1% of its funding comes from federal sources. * In an apparent to clarify its policies yet again, Twitter changed its label for NPR for the third time. It now reads, “Government-Funded Media.” * JPMORGAN Dimon says storm clouds ahead for economy. * Trifecta of inflation, recession, and banking insolvency leading to a ‘doom loop' – NaturalNews.com * Walmart converting 65% of its stores to “automation” – human employees will be let go – Ethan Huff. * IRS Rolls Out Plan to Revise Tax Collection – Alan Rappeport, The 10-year strategy document outlines a focus on improving customer service and cracking down on tax evasion by corporations and the wealthy. * Tech Leaders including Elon Musk Urge a Pause in A.I., Citing ‘Profound Risks to Society'. --- Support this podcast: https://podcasters.spotify.com/pod/show/loving-liberty/support

Real Estate Espresso
Why Is The Fed On A Suicide Mission?

Real Estate Espresso

Play Episode Listen Later Apr 19, 2023 7:03


On today's show we are going back to 1910. These were the origins of the formation of the Federal Reserve during a secretive meeting on Jekyll Island off the coast of Georgia.  Leading up to the fateful meetings that took place over nine days, there had been a series of runs on banks and financial panics in 1873, 1884, 1893 and 1907. These banking panics over the preceding decades had caused the outright failure of 1748 banks. The Federal Reserve Act of 1913 was a direct outcome of this clandestine meeting on Jekyll Island. The Federal Reserve was created to protect the banking system. It is owned by the member banks, not the US government. The Federal Reserve Banks that make up the Fed are not banks either in the traditional sense. I have been thinking, long and hard about whether the Federal Reserve has been mistaken in their interest-rate policy. After all, it is a bold statement for some Podcaster located in Canada to declare in unequivocal terms that the Federal Reserve with its hundreds of PhD‘s is utterly and completely incompetent.  All it takes is a few minutes of the most basic Internet research to realize that the banking system in the United States is backed into a corner from which it is virtually impossible to see away out. That is, unless the Federal Reserve makes a choice between raising interest rates to fight inflation or lowering interest rates to save the banking system. I I am completely convinced that this is the choice facing the Federal Reserve.  ------------ Host: Victor Menasce email: podcast@victorjm.com

Liberty Roundtable Podcast
Radio Show Hour 2 – 04/11/2023

Liberty Roundtable Podcast

Play Episode Listen Later Apr 11, 2023 54:50


* Three GOP Reps. Introduce Gold Standard Bill to Stabilize the Dollar's Value - 'No longer would American families, businesses, and the economy as a whole be at the mercy of the Federal Reserve and reckless Washington spenders...' - HeadlineUSA.com * Reps. Alex Mooney, Andy Biggs and Paul Gosar, introduced H.R. 2435, the Gold Standard Restoration Act, to facilitate the repegging of the volatile Federal Reserve note to a fixed weight of gold bullion. * Upon passage of H.R. 2435, the US Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be formally repegged to a fixed weight of gold at its then-market price. * H.R. 2435 points out: “The Federal Reserve note has lost more than 40% of its purchasing power since 2000, and 97% of its purchasing power since the passage of the Federal Reserve Act in 1913.” * That's why H.R. 2435 also requires the Fed and the Treasury to disclose “all records pertaining to redemptions and transfers of United States gold in the 10 years preceding the temporary suspension in August 15, 1971, of gold redeemability obligations.” * Twitter last week decided to label NPR as "state-affiliated media" but swiftly received backlash online for the decision. * "State-affiliated media is defined as outlets where the state exercises control over editorial content through financial resources, direct or indirect political pressures, and/or control over production and distribution," Twitter's rules and policies show. * NPR has said less than 1% of its funding comes from federal sources. * In an apparent to clarify its policies yet again, Twitter changed its label for NPR for the third time. It now reads, "Government-Funded Media." * JPMORGAN Dimon says storm clouds ahead for economy. * Trifecta of inflation, recession, and banking insolvency leading to a ‘doom loop' - NaturalNews.com * Walmart converting 65% of its stores to “automation” – human employees will be let go - Ethan Huff. * IRS Rolls Out Plan to Revise Tax Collection - Alan Rappeport, The 10-year strategy document outlines a focus on improving customer service and cracking down on tax evasion by corporations and the wealthy. * Tech Leaders including Elon Musk Urge a Pause in A.I., Citing 'Profound Risks to Society'.

Red Pill Revolution
Capitalism on Trial: The Federal Reserve, Fractional Banking, and the Silicon Valley Bank Collapse

Red Pill Revolution

Play Episode Listen Later Mar 16, 2023 63:45


Welcome to the Adams Archive, where the unspoken truths of society are uncovered and explored with passion and precision. Host Austin Adams dives deep into controversial topics that will make you question the very fabric of our world. In this groundbreaking episode, Austin investigates the American banking system and its unnerving implications for the future of the nation. Delve into the intricacies of fractional banking and discover how this seemingly innocuous concept has evolved into a far more sinister reality. Austin takes listeners on an intellectual journey that starts with the collapse of Silicon Valley Bank and leads to an examination of the Federal Reserve. With the aid of Edward Griffin's "The Creature from Jekyll Island," the podcast unravels the complex history and mechanisms behind modern banking practices that affect every aspect of our lives. As Austin navigates this labyrinth of information, he pursues an interview with Griffin himself to provide even greater insight into the hidden world of banking. If you're ready for a mind-blowing exploration of the financial system and its consequences, join Austin Adams in the Adams Archive for this eye-opening episode. Subscribe, leave a five-star review, and share your thoughts on this crucial issue. Find additional resources, articles, and videos at austinadams.subs.com, and prepare to have your perspective transformed. The Adams Archive is more than just a podcast; it's an invitation to challenge the status quo and uncover the astonishing truth about the world around us. Join the substack, follow our social media and more at https://linktr.ee/theaustinjadams   Full Transcription:  Hello, you bu to full people. My name is Austin Adams, and welcome to the Adams Archive. Today's episode is going to absolutely blow your mind. I have been diving deep into this topic over the past several, several days, and I can tell you I have never been more concerned for the future of America as I am now. Now, this is not about trafficking. This is not about politicians. This is not about, this is about the American banking system. Okay? Now, that may not sound very enticing to you, but once we get into this topic to the depths that we are going to today, You're gonna realize what I'm talking about. Okay. Now, what prompted this for me was looking into the Silicon Valley Bank collapsing. Okay? Now, that prompted me to figure out what the hell fractional banking is Figuring out fractional banking led me to realize that that is no longer the concept that we operate off of. No matter how scary fractional banking itself is, what we have today is even worse. Now. That drove me down a rabbit hole to figure out how we got to a point where fractional banking was even possible, which led me to learn all about the Federal Reserve, to learn about the Federal Reserve. There was a book that was written, and we will go over some of the highlights called The Creature from Jekyll Island. . Okay, now, that book beautifully written, um, there's some really good, uh, really, really good, uh, lectures online by, uh, Edward Griffin, and I'm gonna see if I can get him on the podcast. I messaged him today to see if, uh, maybe he can come on here and explain these things a little bit better than I can. But he's very, very brilliant. You should go listen to these lectures. They'll be included in the ck All right. If you're not in the CK already, go to austin adams.subs.com. You can sign up, you'll get all the articles, all the videos, all of the ish that we are talking about here today. All right. So without further a. Well maybe wanna do subscribe? , leave a five star review. All right. Tell me what you like about the podcast. Tell me what you learned about, uh, fractional banking, which again, doesn't sound very enticing, but promise you after you figure out everything that I figured out, your mind's gonna be blown. All right, so without further ado, let's jump into. The Adams Archive, the very first subject to today's podcast is going to be on the collapse of S V B. Okay, now, SVB is the Silicon Valley Bank. Silicon Valley Bank, obviously located in Silicon Valley, basically sent shockwaves through the entire tech industry. And that was right about a week ago, right? A few, not even a few days ago. All right. Through Wall Street, through Washington, everybody was shocked by what happens. Regulators have since shut down the bank to prevent a crisis in the broader banking system. Just days after another bank, signature bank was abruptly closed as well. Silicon Valley Bank, which provided banking services to nearly half of the country's venture capital backed technology and life science companies made this very the same mistake as many other banks. It invested most of its deposits in long-term debt like treasury bonds, promising steady, modest returns. However, the strategy proved shortsighted when the Federal Reserve looking to combat rapid inflation, started raising interest rates, making these once safe investments, far less attractive. All right. Silicon Valley Bank was also el uh, uniquely vulnerable due to its business being concentrated in the tech industry, which was experiencing a rapid decline in startup funding. As a result, its clients started to withdraw their money, and once some people started drawing their money, other people started withdrawing their money causing what they call a bank run. All right, now a bank run, so you have some terminology behind this. A bank run is basically when everybody starts to go line up outside of the banks, asking banks to give them the very money that they worked so hard for, the very money that they sweat bled, worked their asses off weekends over time to feed their children. Okay? And we'll learn about that fractional banking, which some of this has already alluded to already, which is terrifying, like I said. Okay, so now the collapse of Silicon Bank is the largest, since the 2008 financial crisis, the very largest bank to do so since. , which again, is only gonna get worse as people realize that our banking system is built on a house of cards. Just a little whistle in the wind will cause our entire financial system to collapse. All right, we're gonna talk about today some things like what is money, right? Why is it even hold value? Which is probably the most fundamental question that has one of the most concerning answers. Um, as you've noticed recently, I've been using the AI chatbot chat. G p T pretty consistently came out with their fourth generation of it today. Um, it's pretty incredible technology, but it helped me along the way doing some of these calculations to actually figure out what it would cause for the American financial system to collapse. And that's some of the things that we're gonna discuss here today. I'll go through those calculations with you. All right. It highlights the dangers of fractional reserve banking. When banks invest most of their deposits, they create more money than they hold in reserves, leading to a precarious situation where a loss of faith in the bank can trigger a run on deposits. In such cases, the bank makes gains privately, but losses are socially distributed. That's what you have to realize about this. When a bank is doing well, they profit ungodly amounts of money. When things aren't going well for a bank, you know who foots the bill? You and me, the American public foots the bill when they get bailed out by our government. So things are going great. They profit, you'll make a dollar. Well, maybe you make, you know, 2 cents off of every a hundred dollars that you have in your bank account based on interest. But when things are going great for the banks, they're not coming to you to pay you out dividends, right? But when things are going horribly bad,  and the government decides to bail them out. You know who pays that bill? And we don't even really pay it. And that's what I've realized from learning all of this. We don't even really pay it. We pay it through inflation. We pay it through the fictitious magical creation of money, which has no value unless we decide that it does again, which we'll talk about in a minute. So fractional Reserve banking to me is theft. It is a entity taking your money and putting it in as many places as possible so that they can continue to make money. They can give out loans with it. They can do all of these things, but the second you come ask for your money, while you and maybe your neighbor and a few other people at the same time, they don't have it. Cuz it's often these fictitious little places that they're hoping to make interest based on the fact that you're never gonna come ask them for it. At the same time. Right before the Great Depression, the US dollar was backed by gold. That ensured that the money in the economy was backed by something physical, something tangible, right? When something is backed by something, a commodity like gold or silver, right? Or even Bitcoin, right? If you understand how this works, right, the, the way that gold is created, gold is a, gold is a specific element that is created. And forgive me, I'm not a damn science teacher over here. Got a beer in my Yeti. So the way that gold is created is the earth puts together certain amounts of carbon. And when you get the perfect alignment of these, these elements, right? It creates what we know today is gold, right? Not fool's gold. Not all these other renditions of this potential possibility, but actual physical gold as we know it today, is a specific type of gold. Okay. Now that gold is minted, right? The, the earth had to have all of these situations happen simultaneously and in the proper way perfectly to cause gold to be created and to be in your hand the way that it can be today. Okay? That's what happens, right? The, the, the earth has a mathematical equation of circumstances and pressure and whatever the hell else it is, and then gold is physically created and minted by the earth. Okay? Something like, think of it, if you know anything about cryptocurrency, think of it like Bitcoin, right? Bitcoin ha has a computer that is working nonstop to create a bunch of algorithms and calculations to try to decrypt a or or mine a Bitcoin, the same way you mine gold. And eventually, after so many algorithms, so many computers are working to do this, one unlocks a Bitcoin and that creates scarcity. There's only a certain amount of bitcoins that are being created on a general basis. There's only a certain amount of gold that is being. By the earth at any given time, that scarcity gives it value, right? So during the Great Depression, our money was backed by gold. After the depression, the US abandoned the gold standard and became a fiat system. Okay? Fiat currency is not backed by anything at all. No assets, no commodities, right? And the fact that Silicon Valley Bank had basically uninsured depositors highlights the need for money to be backed by something physical like gold. And that ensures that depositors money is protected. It is being held physically somewhere to show that that piece of paper that you have is attached to a certain amount of, of physical minted developed by the earth gold or even Bitcoin, right? It has some sort of, of, of, uh, built-in scarcity.  that drives value, right? There's not, there's not an unlimited amount that can be created at the whim of any American who wants to profit based off the central banking system, which again, we'll learn more about in a minute. We're gonna learn a lot today. Um, the collapse of Silicon Valley Bank and Signature Bank underscores the need for tighter banking regulations, right? We've seen several, several things that have happened, right? Like, um, some regulations that were rolled back in 2018 under Donald Trump, right? Some banking experts believed that Dodd-Frank Financial regulatory package intended to prevent such collapses and could have stopped this bank from handling its interest rate risks, um, had it not been rolled back, which is some opinions, but the bigger problem, the biggest issue. When we talk about fractional banking, which again, I'll pull up here. Let, I'll, I'll talk you through it. Lemme just go through this article with you. The collapse of these banks that says has prompted a swift reevaluation of the Fed's interest rate increases. On Monday. Smaller banks rushed to en reassure customers that they were on firmer financial footing, but shares of US regional banks plummeted. The b W Bank Index, which tracks the performance of 24 major banks, fell 10%, erasing nearly 200 billion of value of the banks. In the index, it says, the collapse of Silicon Valley Bank in Signature Bank highlights the dangers of fractional reserve banking and the need for money to be backed by something physical. The follow of these collapses underscores the need for tighter banking regulations to prevent such collapses and ensure the stability of the financial system. Okay, let's talk about it. What is fractional banking? Okay. Fractional banking was the cause of what happened with svb. Right. What is fractional banking? Fractional banking is the idea that if you deposit a hundred dollars into a bank, the bank can take $90 of that 100. Hold onto the remaining 10, which was the standard prior to 2020. The standard prior to 2020 was that the banking system had to hold 10% of the overall val value in reserves. Now, that changed, but even with 10%, think of it this way, if you handed the, gave the bank 10 a hundred dollars, right? Let's say 10 people gave the bank a hundred dollars, right? They gave out 900 of that thousand dollars. Of the 10 people's a hundred dollars, which leaves them with one $100 bill. The other 900 they gave away to other people in the hopes of making interest in the future. So when two people, just two people go to the bank at the same time and say, I want my a hundred dollars. give me all of my $100 that I gave you. That is $200 that they're asking for. One of those people is not getting any of their money, or at least both of them are getting half of it. They don't have it. They don't even have it for two people, let alone the full 10 people that gave 'em a hundred dollars. Right? If just two people went and asked the bank for this money back, they would not be able to do it, right? 20% in this case. Now what we realize, it is far, far worse than that. In the real world scenario. What we realize, excuse me. What we realized is that in 2020 it was changed from 10%. Just 10% of the money in your banks had to be held onto by the, by the reserves, by the bank, just 10%. In 2020. During Covid, they changed that percentage. To 0%. None of it did they have to hold onto none of it in reserves. 0%. Not 1%, not 2%. 0% of your money has to be held by the bank in reserves. 0%. That is astonishing. There is no federal regulations at all now that say that the bank has to hold any of your money for withdraws. Right. What they are dependent on is if everything collapses, then the F D I C, the Federal Something Insurance Commission, will basically has insured each each value of each customer up to $250,000, which again, we'll find out, is a complete farce. What a terrible word. Farce is a terrible word. It's like, I don't even like to say it. It's like saying fart farce. I don't know. Anyways, FARs is a complete, FARs is bullshit. There's nothing there for you to take in. So, so when two of those people in that scenario that I gave you, go to the bank and ask for their money back, and somebody's going to walk away with no money, so, so one person gets their a hundred dollars out, the second person goes and asks for 10 of it, just 10 of it. Now that person realizes that the bank does not have their money. They start talking to their friends, you know who their friends are. The other eight people in this scenario who gave the bank a hundred dollars. Now you have all other eight people, nine people in total going to the bank saying, I want my money back. But the bank has none of it. They don't have to hold onto any of it. And the scenario is actually far worse than that in today's world. After 2020 and that legislation changed. The scenario is now anybody goes to the bank and starts to ask them for that money back. They don't have to hold onto any of it. That my friends is fractional banking. And it scares the shit outta me, and it's not even fractional anymore. There's no fraction. The fraction's gone. It's fictitious banking. That's what it is. It's no longer even fractional, which was horrible. It's far, far worse. Okay. Do you wanna know how fragile our entire banking system is here in the United States? Here is the most terrifying thing that you will hear today. Okay. Chat, G P t concluded that if 2% of Americans, 2% of Americans decided to withdraw their money from the bank, at the same time, it could have a high potential of causing a collapse of the entire banking system that as we know it today, the entire banking system as we know it today, just 2%, two out of a hundred people, two out of a hundred people went to their bank right now. This concluded and calculated. The entire banking system could collapse. So again, it's far worse than that scenario that I gave you and let me walk you through how it got to that. Okay. Chat. G p T said we can try to make a rough estimation based on some data points. Okay. Now I had to do some finagling to give, actually give me this cuz I didn't wanna gimme this answer. It says, first it's essential to understand that the reserve requirement being 0% means that banks are not required to hold a specific percentage of their deposits as reserved. However, it doesn't mean the banks hold no reserves at all, right? They still maintain some reserves. Doesn't give you an amount cause it can't, to manage day-to-day transactions and withdrawals day to day, not week to week, not month to month, day-to-day. The amount of their reserves varies by bank. It depends on the bank size, number of clients, and other factors. To estimate the percentage of people required to cause a nationwide banking collapse, we need to consider the amount of money held in deposits and the amount of reserves held by banks. According to the Federal Reserve, as of September, 2021, the total amount of money in the deposits in the US banks was around 17 trillion. Okay. Assuming that these banks still maintain some reserves, assuming that they maintain some reserves, it says, let's calculate, based on 2% of their deposits are held as reserves. This would amount to approximately 342 billion in reserves. If depositors were to withdraw their money in such a way that bank reserves were insufficient to cover the withdrawals, it could potentially trigger a banking collapse, right? That's the other eight people, nine people going to the bank and saying, I want my money, because the other, the second person went there to ask for it, and it wasn't there to find the percentage of people who would neither withdraw their funds to cause a banking collapse. We can use the following formula. Reserves divided by deposits times 100 equals the percentage of people. Okay, so we take that 342 billion, right of the 2% seven. Divide that by the 17.1 trillion. Multiply that by 100, it gives you 2%. It says, based on this rough estimation, if around 2% of people in the United States simultaneously withdrew their their money from the banks, it could potentially cause a nationwide banking collapse. Says, however, this is a highly simplified calculation. Does not take into account many factors such as the variation in reserve levels among the banks, the distribution of deposits, and the possibility of banks borrowing money from other sources to cover withdrawals. Additionally, the Federal Reserve Act as a lender of last resort and can provide emergency funds to banks facing a liquidity prices which could prevent a collapse. Okay? Now what it goes on to say is that in summary, it's difficult to provide a precise percentage of people required to cause a nationwide banking collapse due to 0% fractional reserve requirements. However, based on this rough estimation of 2% of people with through their funds, it could cause a banking crisis. Um, it says that reme to remember that the Federal Reserve could intervene to prevent a collapse. Oh, don't, don't worry about anything. The Federal Reserve is here to save you. It's not gonna collapse when the Federal Reserve is here. What is the government's got our back. Hmm. Is the Federal Reserve a part of the government? No, it is not. It's a mixture being overseen in some way, shape, or form by Congress. But we even find out that that's not true. But it was, and you can read all about this in the Creature from JE Island, but we're gonna get into it now. Okay. The Federal Reserve has absolutely nothing, was not founded by the government. You want to know who the, the Federal Reserve was founded by? The Federal Reserve was founded by bankers, the very bankers that you know the name of, and you can probably take a guess as to who people from the Rockefeller family. Aldrich family, JP Morgan Chase. Seven men secretly met on an island in Georgia, concealing their identities, changing their names. They met on a private train cart to discuss how they were going to essentially take over the world's banking systems, starting with the United States. These seven men's wealth, seven men's wealth equated to one fourth of the Total World's wealth at the time, and all they wanted to do was figure out how they could take over the other three fourths. It's pretty simple. When you get seven guys in the room, why wouldn't you do that? Right? So let's unmask the architects of the Federal Reserve. And talk about why every single American should be outraged at this historical account. And here it is. As you go about your daily life, there's a creature lurking behind the scenes polling the strings of our economy. This seemingly innocuous entity is none other than the Federal Reserve and its origin story is as chilling as any horror tale when you realize the truth In the eye-opening book, the Creature from Jekyll Island by Edward Griffin, it unveils the clandestine beginnings of the Fed in the dangers it poses to our society. The secret birth of the Federal Reserve in 1910, a group of influential bankers in 1910 and politicians gathered in secrecy on JE Island in Georgia to hatch a plan that would forever change the course of American history. Their mission. To create a centralized banking system that would benefit their own, their own interests, while consolidating power and control over the nation's finances. This figurative meeting laid the groundwork for the creation of the Federal Reserve. In 1913, our entire structural financial system was built less than 111 years ago. An institution that now, now holds immense power and sway over our economy basically dictates all of it. The key architects or the Federal Reserve were no ordinary individuals. They were powerful cabal of bankers and politicians, including Paul Warberg, Nelson Aldrich, JP Morgan, among others. Their goal was to establish a banking cartel that would protect their interests while simultaneously controlling the country's monetary policy. By doing so, they could manipulate the economy to their advantage. Profiting from booms and bus while leaving ordinary Americans to bear the consequences. The Federal Reserve's very existence poses a threat to our society. Its power to  create money out of thin air and manipulate interest rates, allows it to control the value of our currency, often leading to inflation and devaluation. Moreover, the Fed's unelected the Fed's unelected officials operate with minimal transparency, making decisions that affect millions and millions of people without any public oversight whatsoever. Furthermore, the Federal Reserve's ability to bail out large financial institutions in times of crisis promotes moral hazard. Big banks take on excessive risks knowing that the Federal Reserve will rescue them if things go south, which is exactly what we saw happened with S V B. This reckless. This reckless behavior can lead to financial crisises with ordinary citizens left to foot the bill, which is exactly what I talked about earlier, right? When they can create money out of thin air, it's not out of thin air, it's out of future comfortability for the American people. It causes inflation, and that's where we're gonna see the result when they created trillions of dollars during covid so that they could pay people not to work, so they could shut down the economy for their own agenda to cause you to get vaccinated so Pfizer could profit off of it. Now, the Federal Reserve born from a secretive gathering of powerful elites wields enormous power over our economy. Its actions can lead to inflation, devaluation, financial crisises, all while operating with minimal transparency. It says, as Americans, we must be aware of the Fed's origins and inherent risk opposes to our society. We should demand greater transparency, oversight, de, and democratic control over this powerful institution. It's time for us to stand up and fight against the creature that has taken a hold of our economy before it's too late. And I personally believe that it might already be too late. Okay. It is so crazy to see how this came together and what, what this entire financial system is built on. Like I said, it's a house of cards. Okay. Let's go ahead and let's watch a little bit of this clip. And this is by the author  

Principle Perspective with Mike Winther
Direct Election of Senators

Principle Perspective with Mike Winther

Play Episode Listen Later Feb 22, 2023 58:46


In 1913, several important events took place that impacted the US federal government. The Federal Reserve System was created through the Federal Reserve Act. The 16th Amendment was ratified, which authorized the federal government to impose and collect income tax.  The 17th Amendment provided for the direct election of US senators by the citizens of each state. Before this, senators were chosen by the legislature. Mike Winther dives into how the direct election of senators affects us, our country, and the constitution's original intent.   You'll Learn: [01:21] How our system was designed originally. Each state gets two senators who are chosen by the legislature for a term of six years. Each Senator gets one vote. [02:58] The executive branch, the legislative branch, and the judicial branch. The legislative branch is broken into two subgroups of the house and the Senate. [03:25] The president is appointed through the electoral college who were chosen by state legislatures. The Senate was appointed by the state legislature. The house was elected by the people. The Supreme Court Justices were appointed. [04:35] The founding fathers wanted the Senate appointed by the states because that's who they represented. The federal government was created by the state governments. [05:46] The states wanted control over the federal government by appointing the electors that appointed the executive branch. They also appointed the senators for two levels of veto.  [08:12] The 17th amendment allows the people to elect the senators.  [08:56] There are four reasons why the states wanted this change. 1. There was a lot of inefficiency in the state legislature. 2. Corruption. 3. The blatant use of money. 4. There was a change in the American mindset and a push for democracy. [12:30] The different forms of government. The four main governments are monarchy, oligarchy, democracy, and a republic. [21:07] Democracy tends to evolve towards oligarchy, and people vote to give more and more power to the government. [23:39] In a republic, power is determined by the law. The people elected are supposed to enforce the law. [26:35] Dictators often use anarchy to remove the government and become the ones in charge. [29:58] The founding fathers intentionally tried to mix the forms of government. [31:19] By changing how the senate is chosen, we begin to mix the forms of power. [37:16] Nullification is the constitutional theory that individual states can invalidate federal laws or judicial decisions they deem unconstitutional.  [45:27] The First Bank of the United States and the Second Bank of the United States were previous attempts at creating a Federal Reserve. [48:02] Mike tells an interesting historical story about how the states taxed the Bank of the United States using force.  [51:45] The ultimate interpreter of the constitution was intended to be the states. [52:43] The constitution allows appropriation of funds for the Navy but limits appropriation of funds for the Army.   Your Resources: Books to browse Five Principles By Michael Winther Nullification

The Hake Report
MLK Day Hake with Bigg Bump | Mon. 1-16-23

The Hake Report

Play Episode Listen Later Jan 16, 2023 123:16


Bigg Bump cohosts: MLK hated capitalism at 21! Banks took over the USA! Moon landing: Real or fake? Marcus Chenault: the black Dylann Roof!0:00:00 Mon, Jan 16, 2023 AD w/ Bigg Bump0:01:56 Hey, guys! T-shirt / Sweatshirt0:04:21 Bigg Bump on MLK: communist at 210:12:26 Federal Reserve, bankers0:25:37 Jesus vs. the den of thieves0:31:57 Bankers, "civil rights," slap in the face0:42:38 Supers: Hake's shirt story, nose breathing0:44:36 Super w/ Hassan: Moon landing, real or fake?0:54:00 WILLIAM, CA: MLK, Maze, lib leaders, J6, 1A1:01:31 "Let's Go Brandon" - DRNRYZ1, CarlosRossiMC, Bigg Bump1:05:37 Comments on the music1:07:12 Supers: Hassan BASED! FDIC1:08:24 THOMAS, OK: Rap, Nixon, Moon phone call1:19:40 DENNY, BULGARIA: Forced integration1:30:34 RON, TN: Marcus Garvey vs Civil Rights, rambling1:43:46 Marcus Chenault, the black Dylann Roof, killed MLK's mom1:54:50 Wells Fargo focus: Lending to "minorities"1:58:01 Follow BiggBump on Twitter, YouTube, IG, SoundCloud…1:58:42 "Little Miss Sunshine" - Bigg Bump feat. Z MUSIC:  Let's Go Brandon (Official Lyric Video) - by DANRYZ1 x CarlosRossiMC x Bigg Bump #LetsGoBrandon (Nov 2021)  //  Little Miss Sunshine - Bigg Bump ft Z (Little Miss Sunshine) (2014)  //  Watch Clip (41-min) YouTube | BitChute | MLK Early Life, Federal Reserve Act, Confederate Flag BLOG https://www.thehakereport.com/blog/2023/1/16/mlk-day-hake-with-bigg-bump-mon-1-16-23 ALSO ON SUBSTACK / PODCASTThe Hake Report LIVE M-F 9-11 AM PT (12-2 ET) Call-in 1-888-775-3773 thehakereport.com VIDEO  YouTube  |  Rumble*  |  Facebook  |  Twitter  |  Odysee*  |  DLive  ||  BitChute  PODCAST  Apple  |  Spotify  |  Castbox  |  Podcast Addict  |  Pocket Casts  ||  Substack  *SUPERS  Streamlabs  ||  SUPPORT  Substack  |  SubscribeStar  |  Locals  ||  Teespring  SEE ALSO  Hake News on The JLP Show  |  Appearances on other shows   Get full access to The Hake Report at thehakereport.substack.com/subscribe

The Glen Gauer Podcast
Supreme Court update. 3 things Americans don't know about politics.

The Glen Gauer Podcast

Play Episode Listen Later Dec 8, 2022 48:57


IN THIS EPISODE… Is the American political system really a democracy?  Then why do we say in our pledge of allegiance “Republic”?  So many Americans are confused about our political system.    Listen as Glen and Dennis straighten out three key misunderstandings.  Plus - the titanic narrative may not be what you may think.  Timestamp   :15 I could die 1:02 Supreme Court Update 1:46Jan 6 2023 2:26 Elon Musk and Twitter Files 4:27 Research the Election data 5:17 Supreme Court watching twitter files? 5:57 2020 Fraud? Concession 7:21 Are we a democracy? 8:15 Pledge of allegiance 9:05 We are a Constitutional Federal Republic 11:28 The last socialist republic was…   12:50 In Democracy, does majority rules? 14:14 The difference between democracy and Republic 15:22 media on ‘democracy'…why? 18:10 Disney owns everything (almost) 20:20 Polls and opinion 22:08 Separation of Church and State? 23:15 Is it in the constitution?  25:15 King Henry 8th saga - St. Thomas More 28:11 freedom of religion 30:06 just an opinion 30:30 paper money?  Nope 31:31 Why using paper money?  Titanic!  33:32 Federal Reserve Act 34:20 Who owns the Federal Reserve? 38:20 dollar as basic unit  40:18 JP Morgan 42:23 Prediction 45:00 Brazil election stolen! 45:45 The Take Away    FDR and gold standard:  https://www.federalreservehistory.org/essays/roosevelts-gold-program Find Glen at:   https://www.glengauer.com or  https://www.mission-blueprint.org   Facebook: https://www.facebook.com/missionblueprint Instagram: https://www.instagram.com/missionblueprint/   Donate today -  https://mission-blueprint.kindful.com

Loving Liberty Radio Network
10-27-2022 Liberty RoundTable with Sam Bushman

Loving Liberty Radio Network

Play Episode Listen Later Oct 27, 2022 109:40


Hour 1 * Guest: Bryan Rust, Over the past 50 years, Rust Coins has been working to educate customers about precious metals – RustCoinAndGift.com * Honest Money Report: Gold: $1659.70 Silver: $19.57. * JPMorgan's Jamie Dimon Says There's a Much Bigger Worry Than Recession. * Chris Licht, the chairman of CNN, told employees in a memo that executives would take a hard look at spending across the business, signaling budget cuts and layoffs before the end of the year. * Meta Braces For Trouble As Its Profit Slumps 52% – Sales way down at FACEBOOK, stock tumbles. * Ford Motor Lost Money Last Quarter As Costs Soar – The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business. * A inverted yield curve between three-month and 10-year interest rates is considered by Wall Street as a reliable sign of an impending economic slump. * Is a Financial Reset' Coming in 2023? * Bill Introduced in Congress to Restore Gold Standard – Peter Rykowski, Legislation has been introduced in Congress to restore the gold standard — a major step toward adhering to the US Constitution and bringing back sound-money policies – TheNewAmerican.com * HR9157, titled the Gold Standard Restoration Act, is sponsored by US Rep. Alex Mooney Va If enacted, it would be a significant step to restoring sanity to US monetary policy. * In its list of legislative findings, the bill correctly notes that “The Federal Reserve note has lost more than 30% of its purchasing power since 2000, and 97% of its purchasing power since the passage of the Federal Reserve Act in 1913,” and it notes that under official Fed policy, “the dollar loses half of its purchasing power every 35 years.” * Emphasizing the need for “a stable dollar, fixed exchange rates, and money supply controlled by the market not the government,” HR9157 states that returning to the gold standard is necessary for monetary and fiscal sanity, along with limited government. It states, “The gold standard puts control of the money supply with the market instead of the Federal Reserve, discourages excessive deficit spending, and encourages the balancing of Federal budgets.” * Ultimately, Congress must completely abolish the Federal Reserve. However, HR9157 would be a great first step toward restoring adherence to the Constitution and sound monetary policy. * California: The Oakland Police Department Wants to Arm Robots with Shotguns! Hour 2 * Nielsen and Amazon Prime spar over football ratings – CBS News. * Facebook's massive fake numbers problem – Los Angeles Times – Facebook's own estimates suggest duplicate accounts represent approximately 11% of monthly active users while fake versions make up another 5% – Others claim the total is higher. * The social network claims 2.5bn monthly active users but almost 400m of the accounts are bogus! * Guest: Pete Sepp – President of National Tax Payers Union – (NTU) is the Voice of America's Taxpayers, mobilizing elected officials and citizens on behalf of tax relief and reform – NTU.org * NTU's 12th Annual “No Brainers” List: The Top 10 Bipartisan Bills for Taxpayers in 2022! * Biden's Build Back Better: breaks ground on $20M heated sidewalk! --- Support this podcast: https://anchor.fm/loving-liberty/support

Liberty Roundtable Podcast
Radio Show Hour 1 – 10/27/2022

Liberty Roundtable Podcast

Play Episode Listen Later Oct 27, 2022 54:50


* Guest: Bryan Rust, Over the past 50 years, Rust Coins has been working to educate customers about precious metals - RustCoinAndGift.com * Honest Money Report: Gold: $1659.70 Silver: $19.57. * JPMorgan's Jamie Dimon Says There's a Much Bigger Worry Than Recession. * Chris Licht, the chairman of CNN, told employees in a memo that executives would take a hard look at spending across the business, signaling budget cuts and layoffs before the end of the year. * Meta Braces For Trouble As Its Profit Slumps 52% - Sales way down at FACEBOOK, stock tumbles. * Ford Motor Lost Money Last Quarter As Costs Soar - The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business. * A inverted yield curve between three-month and 10-year interest rates is considered by Wall Street as a reliable sign of an impending economic slump. * Is a Financial Reset' Coming in 2023? * Bill Introduced in Congress to Restore Gold Standard - Peter Rykowski, Legislation has been introduced in Congress to restore the gold standard — a major step toward adhering to the US Constitution and bringing back sound-money policies - TheNewAmerican.com * HR9157, titled the Gold Standard Restoration Act, is sponsored by US Rep. Alex Mooney Va If enacted, it would be a significant step to restoring sanity to US monetary policy. * In its list of legislative findings, the bill correctly notes that “The Federal Reserve note has lost more than 30% of its purchasing power since 2000, and 97% of its purchasing power since the passage of the Federal Reserve Act in 1913,” and it notes that under official Fed policy, “the dollar loses half of its purchasing power every 35 years.” * Emphasizing the need for “a stable dollar, fixed exchange rates, and money supply controlled by the market not the government,” HR9157 states that returning to the gold standard is necessary for monetary and fiscal sanity, along with limited government. It states, “The gold standard puts control of the money supply with the market instead of the Federal Reserve, discourages excessive deficit spending, and encourages the balancing of Federal budgets.” * Ultimately, Congress must completely abolish the Federal Reserve. However, HR9157 would be a great first step toward restoring adherence to the Constitution and sound monetary policy. * California: The Oakland Police Department Wants to Arm Robots with Shotguns!

Macro Musings with David Beckworth
Steven Kelly on Crises, Stability, and the Fed's Role in Financial Markets

Macro Musings with David Beckworth

Play Episode Listen Later Sep 19, 2022 49:22


Steven Kelly is a senior research associate at the Yale Program on Financial Stability. Steven joins David on Macro Musings to discuss his work on financial stability and the role the Federal Reserve plays in it. Specifically, David and Steven discuss the Fed's evolving role in niche financial markets such as commodities and derivatives markets, what Section 13.3 of the Federal Reserve Act says about the Fed's basis to engage in financial markets, proposals to improve the Fed's Standing Repo Facility (SRF), the future of stablecoins and central bank digital currencies (CBDCs) in financial markets, and much more. Transcript for the episode can be found here.   Steven's Twitter: @StevenKelly49 Steven's Substack: Without Warning   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   The Reserve (podcast) hosted by Kaleb Nygaard   New Bagehot Project, Yale Program on Financial Stability (YPFS)   “The Fed As Derivatives Dealer of Last Resort?” by Steven Kelly   “Could the Fed Rescue Commodities Markets?” by Steven Kelly   “Improving the Standing Repo Facility” by Steven Kelly   “Unappropriated Dollars: The Fed's Ad Hoc Lending Facilities and the Rules that Govern Them” by Lev Menand   The Fed Unbound: Central Banking in a Time of Crisis by Lev Menand   “Larry Ball on the Lehman Brothers Collapse and Its Role in the Great Recession”, Macro Musings podcast episode (2018)

Engineer of Finance
Mr. Powell Hanging Out in Jackson Hole - Episode 239

Engineer of Finance

Play Episode Listen Later Sep 2, 2022 16:43


For today's episode, I talk about my take on Mr. Powell's speech at Jackson Hole, Wyoming. More pain ahead. Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help people become financially independent and help them earn better yields with less risk by investing Off Wall Street. Links and Resources from this Episode DISCLAIMER For resources and additional information of this episode go to http://engineeroffinance.com Connect with Ken Greene http://engineeroffinance.com Office 775-624-8839 https://www.linkedin.com/in/ken-greene https://business.facebook.com/GreeneFinance Speech by Chair Powell History Channel - Labor Day Book a meeting with Ken If you liked what you've heard and would like a one-on-one meeting with the Engineer Of Finance click here Show Notes How Jerome Powell addresses inflation What the speech of Chair Powell is all about The Federal Reserve Act of 1913 and why it was created What needs to be done to reduce inflation Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Subscribe with Apple Podcasts Follow on Spotify Subscribe with Stitcher Subscribe with RSS

Side x Side Podcast
Central Planning for the Greater Good | Side x Side Extras

Side x Side Podcast

Play Episode Listen Later Aug 16, 2022 45:08


This is the first episode of a series we would like to continue where the three Founders of Eleusis Media Group, LLC give you access to our discussions that we usually have in privacy. On this week's episode Brandon, Cody, and Dimari sit down to discuss our government, our public leaders, IPOs, media takeovers, programming, identity politics, the Bible, Jesus Christ and more. THANK YOU •  PLEASE SUBSCRIBE • TURN ON NOTIFICATIONS • REVIEW • LIKE • SHARE Connect with Dimari Swanagain:Instagram: https://www.instagram.com/judahclanTwitter: https://www.twitter.com/judahclanWebsite: https://www.judahclan.comConnect with Cody Huelster:Instagram: https://www.instagram.com/c0dii_/Company:  http://www.easewebdev.comConnect with Brandon Rizzo:Instagram: https://www.instagram.com/rizzofeelsWebsite: https://www.rizzofeels.comSponsors:Black Swan Financial Group - www.BlackSwanFinancialGroup.comEase Web Development - www.easewebdev.comJennifer Catherine Photography - www.jennifercatherinephotography.comCopyright Eleusis Media Group, LLC, ALL RIGHTS RESERVED 2022 | www.eleusismediagroup.com | www.sidexsidepodcast.comInstagram | https://www.instagram.com/sidexsidepod/ Twitter|https://www.twitter.com/sidexsidepodTikTok | https://www.tiktok.com/@sidexsidepod@RIZZOfeels | https://www.instagram.com/rizzofeels/ | https://www.twitter.com/rizzofeels@JudahClan | https://www.judahclan.com | https://www.twitter.com/judahclanTag #SidexSidePodcast to join in on the conversation! Music by: Brandon RizzoChaptersPreview | 00:00Opening Title, Opening Statement | 1:11Disconnecting from Politics, Nancy Pelosi,  | 2:45Free Speech under Attack, Central Planners, Appointed not Elected | 5:45Programmable Beings, Great Reset, Gulag Gang, LGBTQIA+,  | 11:01Media Takeover,  Federal Reserve Act, Marxism, Bread Basket,  | 17:01Identity Politics, Smart vs. Intelligent, Changing Definition of Recession | 24:18They Lie, Two-Party System, Dangers of Ideology,  | 29:38The Bible, Churchianity vs Christianity, God is in Us, Closing Remarks | 34:45 

Common Sense Financial Podcast
Is Bitcoin the New Gold or a New Safe Haven?

Common Sense Financial Podcast

Play Episode Listen Later Mar 30, 2022 11:09


Gold has been a source of wealth for thousands of years and a safe haven in uncertain times, but with cryptocurrencies like Bitcoin coming onto the scene, is that about to change? Before we can answer that question, we need to understand the history of the US dollar and how gold has fared over the past 100 years to get an idea what the future may hold. Find out what makes Bitcoin so special and why it may be the gold of the 21st century. A growing number of people believe Bitcoin and other cryptocurrencies could soon replace gold as a safe haven against a depreciating dollar. Compared to the other cryptocurrencies, one of the unique features that sets Bitcoin apart is the fact that the total supply is structurally restricted to 21 million coins. This is a hard cap on the total amount of Bitcoins that will ever be in existence and is one of the reasons why so many investors are bullish on the future value of Bitcoin. Bitcoin has been often compared to gold. Gold has been used to store value during uncertain times for thousands of years. With mining on the decline and demand going up, it's safe to assume that prices will rise in the future. Whether you lean toward digital currencies or prefer gold, at the core of the debate is a universal distrust of government. In recent years, governments around the world have spent and printed fiat currency at an unprecedented level, the results of which remain to be seen. With gold, history has proven its viability, but historical events have impacted its price. After the Federal Reserve Act was implemented in 1913, the government wanted to increase the money supply and declared that the spot price of gold would increase by 69%. In ancient Rome, Caesar diluted and trimmed the gold coins used as currency in order to increase the overall supply of coins. In 1971, the government was facing another money supply shortage. With the US dollar still on the gold standard, their printing capabilities were restricted. Their answer was to leave the gold standard and convert to a fiat currency. Fiat currency is a currency that's not backed or pegged to any real world asset, and instead is backed by the printing country's credit worthiness. Gold has been on a rocky incline since. Gold seems to be inversely correlated to world events. When things are uncertain, gold rises as people look for a safe haven for their wealth, and in good times the price declines as people are more willing to put their money elsewhere. After 2001, the US experienced a series of drastic changes. 9/11, the tech bubble, and the 2008 financial crash all happened within an eight-year span and since then, the government has been printing money in an unprecedented fashion. In recent years, and as a result of tax cuts and deregulation, the markets rose by 56%. There have been many comparisons between the United States and the Roman Empire. The US is currently going down the same economic road Rome did before the collapse of the empire. There are rising tensions between the US and Russia, as well as China, that are creating conditions eerily similar to the Cold War. It's impossible to know for sure if Bitcoin will replace gold as the new safe haven for wealth. For diversified investors, the best answer may be to own both. Bitcoin and the blockchain technology have some advantages compared to gold, but it also comes with disadvantages. Bitcoin may be revolutionary in the near future, but it still relies on systems like electricity and the internet to function, whereas gold doesn't have those drawbacks. At this point, Bitcoin is too volatile to truly replace gold as a storage of wealth. One of the most important things to consider before buying gold, Bitcoin, or any other investments is really understanding and knowing your risk tolerance. Discover your exact risk tolerance score at skrobonjafinancialgroup.com/risk-tolerance.     Mentioned in this episode:  skrobonjafinancialgroup.com/risk-tolerance questionsforbrian.com

Rucksack Entrepreneur
Deflationary Effect of Technology

Rucksack Entrepreneur

Play Episode Listen Later Mar 15, 2022 7:37


Technology is making things cheaper! Sources used: https://www.in2013dollars.com/us/inflation/1913?amount=1 https://en.wikipedia.org/wiki/Federal_Reserve_Act?wprov=sfti1 https://www.propertyshark.com/Real-Estate-Reports/2016/09/08/the-growth-of-urban-american-homes-in-the-last-100-years/ https://www.kbb.com/hyundai/accent/ --- Send in a voice message: https://anchor.fm/with-ross/message Support this podcast: https://anchor.fm/with-ross/support

5x5 Crypto News
Ep 43. An ode to squirrels

5x5 Crypto News

Play Episode Listen Later Jan 24, 2022 12:28


What’s your favorite animal? For a long time I really didn’t have one. When asked, I’d sometimes pick a random African animal or something philosophical to try and impress whoever I was with. Ugh. Thankfully I’ve passed that stage. Lately, I’ve been watching squirrels. I see them everywhere from our backyard to the parks when I’m out cycling. Beyond their cute fluffy tails, squirrels just always seem happy, energetic and playful. They seemingly bound from tree to tree without losing enthusiasm. Have you ever seen a sad or moody squirrel 🐿 ?Crypto prices crashed this week. How did you fare? I hope you channeled your inner squirrel. I’ve been zen. My approach is to devise a strategy then automate execution over the long-term. If prices continue to slide then there might be some very attractive opportunities. Are you ready? What projects are on your shopping list? Remember, Uncle Warren Buffett said “be fearful when others are greedy and be greedy when others are fearful”.Crypto shopping list🛒One of my goals this year is to significantly expand my crypto portfolio beyond my bitcoin and ethereum base. I missed out on a TON of upside last year by playing it very safe and not executing on recommendations from my friends. If the crypto price slide extends there might be opportunities to pick up some coins at decent entry points.I recently finished reading “The Psychology of Money” by Morgan Housel. It argues that we all make rationale financial decisions based on our background. The challenge is that we all have very different backgrounds, personalities and aspirations. For me, the most important thing is peace. A super aggressive strategy might give me amazing returns but it might cost me my sleep at night. That’s not a cost I'm willing to pay.Additionally, we often only think about returns that we could have made but we discount the losses we could have incurred. Social media is a highlight reel. Most people share their triumphs but are mute on losses. So I say this to say, don’t cry over spilled milk. Figure out what works for you then get it done. As we say in Nigeria, “paddle your own canoe”.Disclaimers:I don’t offer any financial advice. I’m just a guy with a laptop trying to figure this thing out. Please do your own research.My crypto shopping list is a work in progress. It’s subject to change at any time. I’m very much still learning. I’m also not sharing my full list of projects that I’m curious about - that might deserve it’s own edition or two lol.Please share your ideas with me too!Crypto shopping listI already have some of these but I want MORESolana (SOL) - low transaction cost, seen as an ethereum challengerChainlink (LINK) - bringing real-world data on-chainAvalanche (AVAX) - fast smart contractsEcomi (OMI) - NFT play; it’s the token for Veve which has major partnershipsDecentraland (MANA) - leading metaverse projectNFT update📈Last week, I shared my excitement about the new Ancient Empires NFT collection. The collection celebrates the history of ancient African and Latin American civilizations by creating art NFTs which could appeal to a broader population. Well I did it! I made an impulse buy. (Not sure we should celebrate that but this is where we are…hahaha).I chose this piece because of the cultural significance of the mask the man is wearing in the picture. Masks are a key part of the cultural heritage of the Yoruba and Benin people. (Context - I’m Yoruba; the Yoruba and Benin empires are in modern-day Nigeria but they have ancient linkages and a tremendous art heritage. Unfortunately, many culturally significant pieces were destroyed when our palaces were raided during wars with the Portuguese and British armies. Many of the surviving pieces were looted and put on display in museums across global art capitals from London to New York and elsewhere.I named my NFT “Oranmiyan” after a prince of the Yoruba and Benin empires. Over 800 years after his death, his descendants still sit on the throne in Benin. My dude looks like a fierce warrior. Maybe I should hit the gym more so my arms match his…NEWS 📰1.Federal Reserve finally published it’s paper on CBDCs 💸The US Federal Reserve FINALLY published it’s long waited paper on Central Bank Digital Currencies (CBDCs). The paper lays out pros and cons of CBDCs. It does NOT make a recommendation. Rather, the Fed is seeking input from the public and will only act if Congress tells it to do so.I read the paper. I am not convinced 2 of the pros listed by the Fed are real.Improve cross-border payments: The average outgoing international payment from the US has a 5% fee. Introducing a CBDC isn’t magically going to solve this. There will need to be conversions among various CBDCs. I am not convinced this system would outperform the existing crypto technology today ex lightning network.Improve financial inclusion: 5% of the US is not banked and another 20% are significantly underbanked ex they routinely depend on high cost, inefficient services like pay day loans, etc. People say crypto and CBDCs will improve financial inclusion but they routinely fail to demonstrate how. This frustrates me. Illiteracy, lack of trust, and low income are leading drivers for exclusion. These are not addressed by a CBDC. Furthermore, during the pandemic CBDC advocates pointed out how the government payment of stimulus funds would have been more efficient if we had CBDCs and each US person held an account with the Federal Reserve. Well, the Federal Reserve Act specifically says the central bank can’t bank retail customers. Maybe I’m missing something.That said, I definitely agree that it is in the US strategic national interest for the dollar to continue being the world’s reserve currency. Other countries want the influence it provides. The dollar could become vulnerable if other countries (cough China) provides a superior technology. The map below shows 9 countries (including Nigeria) have launched CBDCs with 14 countries (including China) running pilot tests and 16 countries (including Russia) have them in development. The US needs to move here.2. Twitter verifying NFTs 🪞Crypto Twittersphere has been awash with NFTs as profile pictures. Some say it’s the ultimate status symbol to indicate you are part of the community. But what’s stopping posers who don’t actually own NFTs from uploading a picture of someone else’s NFT and using that as their profile picture. Well nothing.Until now! Twitter is linking your digital asset wallets to your profile. Thus, you’d only be able to upload NFTs you own as your profile picture. I guess if you do this there’ll be some kind of check mark to indicate it’s been verified.This is an important move for 2 reasons. First, Twitter is one of the first social media platforms to integrate NFTs. Others will follow. Secondly, it marks a departure from Jack Dorsey’s Bitcoin-only philosophy as NFTs are primarily on Ethereum, Solana etc. I’m expecting to hear more from Twitter.3. a16z makes first investment in Africa 🕹a16z, the famed crypto, FinTech and consumer tech VC firm has made it’s first investment in an African startup, Carry1st. a16z was an early investor in Facebook, Coinbase and many other household names.This investment stands out because it’s a gaming company headquartered in South Africa. Of course, there will be a crypto/web3.0 angle to this. I’ve been vocal about how bullish I am on gaming in Africa. I guess I’m in good company lol.Carry1st already accepts various cryptocurrencies as payments. They are looking to expand that. Let’s stay tuned.That’s all folks! Remember, be a squirrel 🐿O daboAfolabi This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit afolabio.substack.com

5x5 Crypto News
Ep 43. An ode to squirrels🐿

5x5 Crypto News

Play Episode Listen Later Jan 24, 2022 12:28


What’s your favorite animal? For a long time I really didn’t have one. When asked, I’d sometimes pick a random African animal or something philosophical to try and impress whoever I was with. Ugh. Thankfully I’ve passed that stage. Lately, I’ve been watching squirrels. I see them everywhere from our backyard to the parks when I’m out cycling. Beyond their cute fluffy tails, squirrels just always seem happy, energetic and playful. They seemingly bound from tree to tree without losing enthusiasm. Have you ever seen a sad or moody squirrel 🐿 ?Crypto prices crashed this week. How did you fare? I hope you channeled your inner squirrel. I’ve been zen. My approach is to devise a strategy then automate execution over the long-term. If prices continue to slide then there might be some very attractive opportunities. Are you ready? What projects are on your shopping list? Remember, Uncle Warren Buffett said “be fearful when others are greedy and be greedy when others are fearful”. Crypto shopping list🛒One of my goals this year is to significantly expand my crypto portfolio beyond my bitcoin and ethereum base. I missed out on a TON of upside last year by playing it very safe and not executing on recommendations from my friends. If the crypto price slide extends there might be opportunities to pick up some coins at decent entry points. I recently finished reading “The Psychology of Money” by Morgan Housel. It argues that we all make rationale financial decisions based on our background. The challenge is that we all have very different backgrounds, personalities and aspirations. For me, the most important thing is peace. A super aggressive strategy might give me amazing returns but it might cost me my sleep at night. That’s not a cost I'm willing to pay. Additionally, we often only think about returns that we could have made but we discount the losses we could have incurred. Social media is a highlight reel. Most people share their triumphs but are mute on losses. So I say this to say, don’t cry over spilled milk. Figure out what works for you then get it done. As we say in Nigeria, “paddle your own canoe”.Disclaimers: I don’t offer any financial advice. I’m just a guy with a laptop trying to figure this thing out. Please do your own research. My crypto shopping list is a work in progress. It’s subject to change at any time. I’m very much still learning. I’m also not sharing my full list of projects that I’m curious about - that might deserve it’s own edition or two lol. Please share your ideas with me too! Crypto shopping listI already have some of these but I want MORESolana (SOL) - low transaction cost, seen as an ethereum challengerChainlink (LINK) - bringing real-world data on-chain Avalanche (AVAX) - fast smart contractsEcomi (OMI) - NFT play; it’s the token for Veve which has major partnershipsDecentraland (MANA) - leading metaverse projectNFT update📈Last week, I shared my excitement about the new Ancient Empires NFT collection. The collection celebrates the history of ancient African and Latin American civilizations by creating art NFTs which could appeal to a broader population. Well I did it! I made an impulse buy. (Not sure we should celebrate that but this is where we are…hahaha). I chose this piece because of the cultural significance of the mask the man is wearing in the picture. Masks are a key part of the cultural heritage of the Yoruba and Benin people. (Context - I’m Yoruba; the Yoruba and Benin empires are in modern-day Nigeria but they have ancient linkages and a tremendous art heritage. Unfortunately, many culturally significant pieces were destroyed when our palaces were raided during wars with the Portuguese and British armies. Many of the surviving pieces were looted and put on display in museums across global art capitals from London to New York and elsewhere.I named my NFT “Oranmiyan” after a prince of the Yoruba and Benin empires. Over 800 years after his death, his descendants still sit on the throne in Benin. My dude looks like a fierce warrior. Maybe I should hit the gym more so my arms match his…NEWS 📰 1.Federal Reserve finally published it’s paper on CBDCs 💸The US Federal Reserve FINALLY published it’s long waited paper on Central Bank Digital Currencies (CBDCs). The paper lays out pros and cons of CBDCs. It does NOT make a recommendation. Rather, the Fed is seeking input from the public and will only act if Congress tells it to do so. I read the paper. I am not convinced 2 of the pros listed by the Fed are real. Improve cross-border payments: The average outgoing international payment from the US has a 5% fee. Introducing a CBDC isn’t magically going to solve this. There will need to be conversions among various CBDCs. I am not convinced this system would outperform the existing crypto technology today ex lightning network. Improve financial inclusion: 5% of the US is not banked and another 20% are significantly underbanked ex they routinely depend on high cost, inefficient services like pay day loans, etc. People say crypto and CBDCs will improve financial inclusion but they routinely fail to demonstrate how. This frustrates me. Illiteracy, lack of trust, and low income are leading drivers for exclusion. These are not addressed by a CBDC. Furthermore, during the pandemic CBDC advocates pointed out how the government payment of stimulus funds would have been more efficient if we had CBDCs and each US person held an account with the Federal Reserve. Well, the Federal Reserve Act specifically says the central bank can’t bank retail customers. Maybe I’m missing something.That said, I definitely agree that it is in the US strategic national interest for the dollar to continue being the world’s reserve currency. Other countries want the influence it provides. The dollar could become vulnerable if other countries (cough China) provides a superior technology. The map below shows 9 countries (including Nigeria) have launched CBDCs with 14 countries (including China) running pilot tests and 16 countries (including Russia) have them in development. The US needs to move here. 2. Twitter verifying NFTs 🪞Crypto Twittersphere has been awash with NFTs as profile pictures. Some say it’s the ultimate status symbol to indicate you are part of the community. But what’s stopping posers who don’t actually own NFTs from uploading a picture of someone else’s NFT and using that as their profile picture. Well nothing. Until now! Twitter is linking your digital asset wallets to your profile. Thus, you’d only be able to upload NFTs you own as your profile picture. I guess if you do this there’ll be some kind of check mark to indicate it’s been verified. This is an important move for 2 reasons. First, Twitter is one of the first social media platforms to integrate NFTs. Others will follow. Secondly, it marks a departure from Jack Dorsey’s Bitcoin-only philosophy as NFTs are primarily on Ethereum, Solana etc. I’m expecting to hear more from Twitter.3. a16z makes first investment in Africa 🕹a16z, the famed crypto, FinTech and consumer tech VC firm has made it’s first investment in an African startup, Carry1st. a16z was an early investor in Facebook, Coinbase and many other household names.This investment stands out because it’s a gaming company headquartered in South Africa. Of course, there will be a crypto/web3.0 angle to this. I’ve been vocal about how bullish I am on gaming in Africa. I guess I’m in good company lol.Carry1st already accepts various cryptocurrencies as payments. They are looking to expand that. Let’s stay tuned. That’s all folks! Remember, be a squirrel 🐿 O daboAfolabi This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit afolabio.substack.com

A History of Financial Markets
S2 Episode 2: The Interpretation of the Federal Reserve Act

A History of Financial Markets

Play Episode Listen Later Dec 21, 2021 33:57


On episode two of season 2, the guys go through big events in the first few years of the Federal Reserve system, how everyone interpreted the Federal Reserve Act, and what open market operations are. Questions? Comments? Concerns? Email us: brett.schafer.thomas@gmail.com We are not historians or economists and may get facts wrong from time to time, so don't hesitate to let us know if we do. Nothing on this show should be taken as advice or recommendation. Enjoy the show!

Make That Moolah Podcast
27. The Federal Reserve Act Of 1913

Make That Moolah Podcast

Play Episode Listen Later Nov 29, 2021 15:16


In this episode I talk about how the Federal Reserve was created in 1913. I talk about the events that lead up to it's creation and some of the effects of the Federal Reserve after it's creation. If you liked the episode, please leave a review and a 5 star rating! I'll really appreciate it! Thanks for listening!

Let's Appreciate
The Federal Reserve | Is Inflation Really Transitory?

Let's Appreciate

Play Episode Listen Later Nov 4, 2021 14:51


Everything you need to know about the Fed! From the Everything You Need to Know about series, a series of ~10 min primers on different topics across the stock market, the economy, and crypto. According to Wikipedia: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. And here we are now! Notes here: https://horse-quart-a62.notion.site/F...

The Bobby Couto Show
I Think We Need Some Space.

The Bobby Couto Show

Play Episode Listen Later Oct 12, 2020 126:22


Episode 44 Eddie Van Halen has passed away at 65 to cancer “Ain't Talkin Bout Love” off the debut album Van Halen 1978 Gary cabral joins the show. Fall is here.. Happy October Breast cancer awareness month. Support your cause or the American cancer society. FaceBook go donate. Presidential debate in Cleveland Ohio on September 29th. October 2nd Tweeted : President gets Covid-19 Trump discharged from Walter Reed, returns to White House 3 days, 13 people have it. Clips: Pelosi Good morning clip, 25th Amendment Pence,Harris debate crime bill Clip: New York Union urges De Blasio to give up control of schools. City is on lock down again Clip: Andrew Coamo We are Not Liable. Dan Bongino has a tumor in his neck. New Book Follow the money. Go Vote! Who Owns the Federal Reserve? The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913. Give each other the space and we deserve. Anchor.FM/TheBobbyCoutoShow Www.TheBobbyCoutoShow.com Etsy.com/shop/TheBobbyCoutoShow "All Roads Lead Here" Bobby Couto --- Send in a voice message: https://anchor.fm/thebobbycoutoshow/message Support this podcast: https://anchor.fm/thebobbycoutoshow/support

The Bobby Couto Show
I Think We Need Some Space.

The Bobby Couto Show

Play Episode Listen Later Oct 12, 2020 126:22


Episode 44 Eddie Van Halen has passed away at 65 to cancer “Ain't Talkin Bout Love” off the debut album Van Halen 1978 Gary cabral joins the show. Fall is here.. Happy October Breast cancer awareness month. Support your cause or the American cancer society. FaceBook go donate. Presidential debate in Cleveland Ohio on September 29th. October 2nd Tweeted : President gets Covid-19 Trump discharged from Walter Reed, returns to White House 3 days, 13 people have it. Clips: Pelosi Good morning clip, 25th Amendment Pence,Harris debate crime bill Clip: New York Union urges De Blasio to give up control of schools. City is on lock down again Clip: Andrew Coamo We are Not Liable. Dan Bongino has a tumor in his neck. New Book Follow the money. Go Vote! Who Owns the Federal Reserve? The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913. Give each other the space and we deserve. Anchor.FM/TheBobbyCoutoShow Www.TheBobbyCoutoShow.com Etsy.com/shop/TheBobbyCoutoShow "All Roads Lead Here" Bobby Couto --- Send in a voice message: https://anchor.fm/thebobbycoutoshow/message Support this podcast: https://anchor.fm/thebobbycoutoshow/support

Thriller Bitcoin
Thriller Insider: How The FED Exit Scammed America

Thriller Bitcoin

Play Episode Listen Later Jun 7, 2020 69:51


Act IThe Creation of the FedThe Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Federal Reserve's responsibilities fall into four general areas.Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation's payments systems.Upon its creation in 1913, twelve central banks all act as a lender of last resort for their regions. Federal Reserve Board is above these central banks that act as a regulatory agency. Originally FRB was only allowed to veto decisions not make them. This caused paralysis in the original system as they all couldn't agree further fuel for the beginnings of the great depression. The Great DepressionWorld War 1 had only ended 10 years after the start of the Great Depression in 1929. All of Europe bankrupted themselves after WW1 because they financed it by borrowing. Their Debt to GDP levels were something like 200-300%. They paid for it by inflating the debt away. The Allies demanded reparations to Germany because they owed the U.S. The U.S. refused to forgive these debts. The Germans thought this was completely unfair and never wanted to pay. Debt to GDP Ratio: Most countries around the world rely on sovereign debt to finance their government and economy. When this debt is used in moderation, it can position an economy to grow more quickly. This is much like using debt to finance a business.The debt-to-GDP ratio is a financial measurement for a country, similar to a business' debt to equity ratio. Both ratios are designed to help interested parties determine if a country has too much debt. It is a measurement of financial health.There is no set ideal ratio for a country to have to indicate it's financial health. However, when the ratio is used with other information, it can help you develop a working concept of a country's health. This can help you decide whether a country's economy is worth investing in.U.S.'s debt-to-GDP ratio is expected to eclipse 120% this year. To put these figures into perspective, the U.S.'s highest debt-to-GDP ratio was 121.7% at the end of World War II, in 1946. Debt levels gradually fell from their post-World War II peak, before plateauing between 31% and 40% in the 1970's—ultimately hitting a historic 31.7% low, in 1974. Ratios have steadily risen since 1980 and then jumped sharply, following 2007's subprime housing crisis and the subsequent financial meltdown.One of the consequences of WW1 was massive inflation which caused hyper inflation in the early 1920's. Central Bankers spent most of the mid to late 1920's trying save the British pound from collapsing. They actually went back to the Gold Standard because they thought it was the cure for hyper-inflation. They were wrong. The world suffered from the shortage of gold in the 1920's as there was not enough to go around (2/3 of the Gold was with the U.S. because of WW1, capital flights, payments etc...) Main problem was Britain went back to the old exchange rate for XAU/GBP (Gold / British pound.) Which caused the British pound to be over valued. In 1927 the central banks got together to discuss a way out of the mess they created. They decided to lower interest rates for European countries to pay back the debt at a lower cost. It was in July 1927 which also happens to be the start of the stock market bubble (within 3 months the stock market was up 21% and never looked back thereafter.) then burst October 1929. What occurred afterwards is what they teach you in school about how there was a run on the banks. (A banking crisis started in 1931, eerily quite the opposite of what we saw in 2020. With the Fed injecting liquidity to central banks and repo markets in 2019.) Eventually through the 1930's Britain, Italy and Germany all defaulted on its war debts and going off the gold standard…which then started the recovery.It is interesting that the ideology of "the gold standard" is that somehow if everyone uses gold everything is resolved. The historical data shows that what actually happens is people simply hoard and/or stop spending money in the economy, therefore no economic progress, then all you have is one or two piles of gold in the world and nothing to show for it, oh except war, famine and depression.....but at least you have your pile of gold.Act IISlow & Steady Transition to ChinaBoiling a Frog: 2008 through 2020The boiling frog is a fable describing a frog being slowly boiled alive. The premise is that if a frog is put suddenly into boiling water, it will jump out, but if the frog is put in tepid water which is then brought to a boil slowly, it will not perceive the danger and will be cooked to death. The story is often used as a metaphor for the inability or unwillingness of people to react to or be aware of threats that arise gradually rather than suddenly.During the 2007–2009 recession, US real GDP fell $650 billion (4.3%) and did not recover its $15 trillion pre-recession level for three years. That recession didn't have the psychological impacts unique to today's current pandemic.Former Federal Reserve Chair Janet Yellen recently said some startling things. On April 6, 2020, Yellen told CNBC's Sara Eisen on Squawk on the Street, “The Fed…is far more restricted than most other central banks….” (So far, so good. That's why the U.S. has had one of the least-bad paper currencies. It's “only” lost 90% of its purchasing power since 1950. Most paper currencies have fared much worse.) “It would be a substantial change to give the Federal Reserve the ability to buy stock….” “I frankly don't think it's necessary at this point. I think intervention to support the credit markets is more important, but longer term it wouldn't be a bad thing for Congress to reconsider the powers that the Fed has with respect to assets it can own.”When did junk bonds and unfunded municipal pension liabilities become good collateral for the U.S. Dollar? Equities…whaa?Black Rock Standing by to Exit Scam AmericaWith some $7 trillion under management, Larry Fink's mutual and exchange-traded fund specialist is by far the largest such group on the planet. Its funds typically own 5% or more of listed U.S. companies, often making the BlackRock complex the largest shareholder. The expertise it gleans from its global presence made it the go-to place for the Federal Reserve to get urgent help with parts of its multi-trillion-dollar coronavirus rescue package. In March, the U.S. central bank handed BlackRock's financial markets advisory unit its bailout mandate without a competitive process. Questioned by Senator Martha McSally last month, Fed Chair Jay Powell said speed dictated the choice and the Fed would eventually rebid the contract. Looking further you find a strong conflict of interest with Mitch McConnell and his wife Elaine Chao very much benefiting from the FED handing trillions to BlackRock.China knows that Wall Street is the gateway to America's central nervous system. Finance controls capital. Wall Street is the conduit of highly valuable information about all sectors of the economy. It has privileged access in the corridors of power in Washington, D.C. And Wall Street can be bought.BlackRock's emerging markets ETF holds only about $300 million, a small fraction of the $7.4 trillion in assets under management that it held at its last year-end. But BlackRock is playing a bigger game. At the 2018 BlackRock investor day, the company identified China as a large and fast-growing market with $3.6 trillion of assets under management and limited foreign access. This year is meant to see the elimination of restrictions on foreign ownership of fund-management firms. BlackRock's 2018 annual report highlights China as one of its largest growth opportunities, with Asia expected to drive 50% of the firm's organic growth of assets under management. “China is a market BlackRock has long coveted,” the Wall Street Journal reported last year.We're not bad people, we just come from a bad place. - Steve McQueenAct IIIWhat The Future Holds for Bitcoin Buy Bitcoin and Save the World…

The Harper’s Podcast
The Money Question

The Harper’s Podcast

Play Episode Listen Later Apr 17, 2020 27:13


The Federal Reserve, the central banking system of the United States, was created in response to the Panic of 1907, a depression caused by a crisis in the country's banks. Signed into law by President Woodrow Wilson, the 1913 Federal Reserve Act established twelve Federal Reserve Banks, the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee. The unique private-public structure of the Fed was the result of political compromise between President Wilson and one of his cabinet members, William Jennings Bryan. Bryan, who was known as the “Great Commoner,” argued that the Fed should be run by officials who acted in the public's interest. His efforts resulted in an elected board of governors, but that has not been enough to hold the Fed accountable. The Fed is not subject to the same checks and balances as other governmental institutions; us commoners have no democratic recourse against it. As Christopher W. Shaw writes in “The Money Question,” published in the April issue of Harper's Magazine, “the notion of absolute Fed independence is as old as the institution itself.” In this week's episode, host Violet Lucca speaks with Shaw about the question of Fed independence. They discuss the Fed's structure, its response to the COVID-19 pandemic, and ways to hold the institution accountable. Read Shaw's revision: https://harpers.org/archive/2020/04/the-money-question-federal-reserve/ This episode was produced by Violet Lucca and Andrew Blevins.