Trump has big plans for the Federal Reserve

John Allison, IV, chairman and chief executive officer, BB&T Corporation (right) with Larry Clark, dean of the Cameron School of Business at the University of North Carolina Wilmington. Allison presented Clark with a check for $1M to be used in the student managed investment fund. UNCW/Jamie Moncrief

John Allison, IV, chairman and chief executive officer, BB&T Corporation

http://www.usapoliticstoday.com/trump-federal-reserve/

Donald Trump hasn’t taken a day off since he won the election and today isn’t different.

Not only did Donald Trump respond immediately to the Ohio State University attack, but he also made a big move towards reforming the Federal Reserve today.

According to Business Insider:

On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.

There have been reports that Allison is being considered for Treasury secretary.

While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed.

“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed,” Allison wrote in 2014 for the Cato Journal, a publication of the institute.

Allison said that simply allowing the market to regulate itself would be preferable to the Fed harming the stability of the financial system.

“When the Fed is radically changing the money supply, distorting interest rates, and over-regulating the financial sector, it makes rational economic calculation difficult,” Allison wrote. “Markets do form bubbles, but the Fed makes them worse.”

Allison is right that the Federal Reserve’s ability to fluctuate the amount of cash flow at their discretion is a scary thought. This is a huge risk of causing inflation and throwing our economy into a downward spiral.

Whether Allison is tapped by Donald Trump to be Treasure Secretary, or not, Trump’s meeting with Allison shows that the Federal Reserve is in for a reform the make it better and not able to hurt our country.

———-

“While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed. “I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed,” Allison wrote in 2014 for the Cato Journal, a publication of the institute.”

just do it already..but dont hold your breath..

“Markets do form bubbles, but the Fed makes them worse.”

truth..

401

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~ by seeker401 on December 2, 2016.

32 Responses to “Trump has big plans for the Federal Reserve”

  1. meanwhile plenty of spot fires.. for Trump – let’s see how he navigates
    hor$e trading $$$$ for the electoral delegates

    or could it be they are planning for the reversal of the election results

  2. we are thinking like you Seek nothing will happen

  3. Praying to the heavens that Trump will be the hero to eliminate the Fed.
    Now is the time for everyone to put the pressure on their so-called “representatives,” to let them know their phony-baloney jobs are on the line, if they don’t approve the elimination of the Fed. I’m sure that if Trump gets the popular support he needs, he will go ahead and do it.

    If only there were some way to make the general public understand that the Fed is not a governmental agency, and that it is unnecessary and parasitic.
    And Allison is entirely correct, it does nothing but make things worse for the rest of us, in its overwhelming push to maintain economic control over the entire world.
    The central banking cartel is no different than a drug cartel, it conspires, bribes, and breaks laws in order to keep the ill-gotten shekels flowing to their top dogs.
    There’s nothing respectable about being part of that criminal organization.

    • lol… the hero that just appointed yet another goldman sachs clone as secretary of treasury? yeah… not gonna dismantle the fed.

      however, the fed is going to self-destruct. they are out of ammo. cant raise rates, cant not raise rates.

  4. tday is a happy day to celebrate
    We Pray dream & hope to hear this in our lifetimes
    “US will stop toppling regimes & overthrowing goverments” PresidentTrump PLP President words yday OH

  5. I have no doubt Trump has big plans for the Federal Reserve .. the question is .. Whose plans??

    “Because he personally guaranteed so much debt, the leverage shifted dramatically over to the banks. Because it was no longer an issue of a bank and a piece of real estate. It was a bank and Trump’s actual survival.”
    Trump owed money to 72 banks. Pomerantz, who represented them as a group, says Trump was very close to going personally bankrupt.
    While Trump makes a point of saying he never went personally bankrupt, Pomerantz points out that there’s a reason why the banks decided to keep Trump whole.

    “We made the decision that he would be worth more alive to us than dead. Dead meaning in bankruptcy. We don’t want him to be in bankruptcy. We want him out in the world selling these assets for us. … We kept him alive to help us.”

    http://www.cnn.com/2016/10/05/politics/donald-trump-atlantic-city-finances/index.html

    • “We made the decision that he would be worth more alive to us than dead. Dead meaning in bankruptcy. We don’t want him to be in bankruptcy. We want him out in the world selling these assets for us. … We kept him alive to help us.”

    • I have no doubt Trump has big plans for the Federal Reserve .. the question is .. Whose plans??

      The road to hell is paved with good intention and as much as Trump espoused what I wanted to hear I didn’t believe he meant one word of it. I don’t know the answer other than a true civil war.

  6. Whose plans ??

    De-Fang the Federal Reserve

    The Conspiracy on How the Fed is Being Integrated into the Multilateral Framework
    By JC Collins
    Sometimes the complexity and level of artisan skill required to engineer the multilateral monetary framework is staggering.  The socioeconomic and geopolitical shifting which takes place behind the closed doors of think tanks and international institutions would make for intriguing spy-like novels on par with the tales of John le Carré.
    Such stories would be reminiscent of the old movie the House of Rothschild where skullduggery and manipulation were used to increase the sovereign debt of European nations.  The leaders and Kings of Europe refused to borrow money from Mayer Rothschild and in turn Napoleon conveniently escaped from exile on the Island of Elba in February of 1815 and began to wage war upon Europe again.

    The allies formed the Seventh Coalition to fight against Napoleon and quickly diminished their reserves and loan capacities before finally turning to Mayer Rothschild for additional funding to continue the fight.  Once the Rothschild loan was secured Napoleon was defeated at the Battle of Waterloo and the tide of history was changed for ever.
    The Federal Reserve should be looked upon as the Napoleon of the 20th Century.  It was used to fund the growth of the military industrial complex and expand the central banking system all around the world.  And like Napoleon, the Federal Reserve performed its function as strategized and will now be modified to fit within the larger macro multilateral framework which it helped create.
    The evolution of the Federal Reserve is complicated and would require almost a book length discourse to fully grasp the details and policies which have grown and shaped monetary and fiscal policy both within the United Stated, and throughout the world.
    This evolution took a leap forward in March of 1951 when the Fed gained broader independence from the US Treasury, executive branch, and Congress.  The Federal Reserve Treasury Accord ended the pressure on the Fed to peg long-term interest rates and minimize accountability to the US Congress.
    This evolution of strategy and mandate allowed for the Fed to become the central bank of the world and indirectly set international monetary policy for other countries.  Not to mention expand funding for the military industrial complex and leverage both physical and economic influence on foreign countries.
    With that being said, the US Congress still has a duty to exercise oversight and can adjust or modernize the Federal Reserve Act when it is appropriate to do so.  What exactly would entail appropriate causation can be extremely suggestive of external influence and special interests within the larger international banking community, such as experienced by the leaders of Europe when confronted with the threat of Napoleon.
    The Fed is now operating in a vacuum and its mandates are no longer aligned with the domestic interests of the United States.  This inevitable discourse between domestic fiscal responsibility and the waning foreign responsibility to those central banks holding vast amounts of USD denominated securities is creating a situation which will need to be addressed sooner rather than later.  The inability of the Fed to raise interest rates is based primarily on the negative effect such a move will have on foreign countries.  This lack of movement on policy normalization by the Fed could very well act as the catalyst for Federal Reserve reform.
    In a recent speech to Congress, Paul H. Kuprec of the American Enterprise Institute stated that it is the responsibility of Congress to re-examine the mandates, powers, and responsibilities of the Federal Reserve.  An appropriate revision of Fed legislation would be enacted based on that re-examination.
    Kuprec goes on to discuss how the overall structure and strategy of the Fed would need to be addressed within a reasonable timeframe.  The Centennial Monetary Commission is scheduled to complete a report by December, 2016, on changes to Fed policies and mandates.  Kuprec suggests that this time table be shortened while stating that the monetary mandate of the Federal Reserve must be more specific and less open to interpretation.
    The interesting thing about Paul H. Kuprec is that he has previously worked on banking and financial market policy for the International Monetary Fund (IMF), Federal Reserve Board itself, the Federal Deposit Insurance Corporation (FDIC), and the Bank for International Settlements.
    The BIS is considered the apex of the central banking system which the US funded military industrial complex helped establish around the world.  As such, it is the BIS which sets the international mandates on monetary reform and multilateral macroprudential policy.
    A BIS and IMF affiliated economist and policy maker testifying before Congress on reforming the Federal Reserve Act is tantamount to Mayer Rothschild cutting off military funding to Napoleon during the Battle for Waterloo after the leadership of Europe had been consolidated under his loan mandates and terms.
    The interesting part is that the suggestions on reforms to the Federal Reserve Act are strategically similar to what many Americans have been conditioned to demand of the Fed.  The engineering of an opposition to the Federal Reserve has been extremely effective.  Whether it’s Ron Paul or the Alex Jones network, opposition to the Federal Reserve has been directed and focused on a few key points.
    These points were itemized by Paul H. Kuprec, formerly of the IMF and Bank for International Settlements, in his testimony before Congress on July 22, 2015.  The points of interests regarding the Federal Reserve Reform Act of 2015 are as follows:
    Requirement for Policy Rules of the Federal Open Market Committee – This point would give the General Accounting Office (GAO) the opportunity to validate FOMC policies and improve the transparency of the Fed process.
    FOMC Membership – This would put an end to favored voting rights within the FOMC as such rights are less important today now that the Fed has completed its initial mandate.
    Stress Test Transparency and Disclosure of Supervisory Correspondence – This would force the Fed to disclose stress test models used to determine and set specific monetary policies and mandates.
    Cost-Benefit Analysis and Review of New Regulations – The Fed has been exempt from regulations that require it to perform cost/benefit analysis of new regulations. This would change under the defined reforms.
    Notification of Intent to Engage in International Standard Setting Bodies – Congress and the public must be made aware of international standard meetings in which the Fed participates, as well as the material implications for the US. (Do not let this reform mislead you into thinking that American sovereignty will be protected.  As long as the Congress set has oversight, this reform will ensure that the Fed implements the multilateral mandates as designed. A new cheques and balances maintained by the leveraged politicians.)
    Federal Reserve Special Lending Powers – This reform will prevent the Fed from legally lending to a distressed and potentially insolvent financial firm. This was a big issue during the last financial crisis.
    GAO Audits – Ensures and validates that the FOMC’s policy directive is consistent with the directive policy rule reported to Congress. Most will recall the Ron Paul push to audit the Fed.  As long as the Congress is controlled and leveraged by international banking interests, the GAO audits will serve the purpose of the multilateral mandates.
    This short list of Federal Reserve policy reforms accurately reflect the Cultural and Socioeconomic Interception (CSI) engineering which has taken place through the alternative media and Tea Party propaganda. (Reference post The First False Flags for a definition of CSI)  The fact that these reforms are being promoted and testified before Congress by someone affiliated with the Bank for International Settlements, representing the international banking interests, should give all Americans pause.
    Those who have been leading us down the garden path of liberty and conspiracy have failed to both recognize and educate the disorganized masses on the actual methodology of the multilateral transmutation of the international monetary system.  Reducing the power and influence of the Federal Reserve fits exactly into the mandates of the multilateral.
    The same can be said of the political platform of Donald Trump.  The “Make America Great Again” pledge and mantra is the condensed talking point which is based on the depreciation of the dollar.  This multilateral depreciation will reduce the cost of US manufactured goods and increase exports.  This means higher GDP, reduced debt-to-GDP ratio, and more jobs for Americans.
    The multilateral mandates are being sold to Americans through alternative media and establishment opposition.  The analysis presented here on POM has been attacked and/or ignored by so many sites which promise the truth.  Yet, readers and followers of those sites and personalities have been left more confused and less informed about everything that is taking place internationally.
    Long-time readers of POM have been provided a front row seat on the transition from a unipolar USD dominated world to a multilateral SDR denominated world.  The fact that so much of the information presented here is trending accurately is a testament to the validity of the analysis.
    Who would have thought that the Bank for International Settlements and the Tea Party, Ron Paul, and the Alex Jones network would all want the same thing?  Truth is definitely stranger than fiction, and conspiracy theory is not the conspiracy we thought it was at all.  – JC

    http://philosophyofmetrics.com/de-fang-the-federal-reserve-freepom/

    • Michael Moore played his role .. “Trump’s Election Will Be The Biggest Fuck You Ever Recorded In Human History” .. let me explain how this Hegelian dialectic works .. Trump is the big banks big phallus and it’s America that’s gonna get fucked.

      • last i saw MM was making daily lists on how to stop trump becoming president..he may as well piss into the wind and try not to get wet..wont happen..

        • ” George Soros .. is Donald Trump without the humility”

          • “If truth be known, I carried some rather potent messianic fantasies with me from childhood, which I felt I had to control, otherwise they might get me in trouble,” Soros once wrote. When asked to elaborate on that passage by The Independent, Soros said, “It is a sort of disease when you consider yourself some kind of God, the creator of everything, but I feel comfortable about it now since I began to live it out.”

            • Soros summed himself up this way while talking to biographer Michael Kaufman: “I am kind of a nut who wants to have an impact.”

              This is not Soros’ only fantastic admission.

              “Next to my fantasies about being God, I also have very strong fantasies of being mad,” Soros once confided on British television. “In fact, my grandfather was actually paranoid.

              I have a lot of madness in my family. So far I have escaped it.”

              • Soros is a paranoid psychopath, a total absolute mad man. If he was poor he would have been a jeffrey dahmer.

                Human weakness terrifies him and rather than spark empathy and compassion his fear of helplessness enrages him. His father chose to fight cancer rather than die. Soros abandoned him because the father feared death? His mother has a nervous breakdown caused by the trauma of war and that infuriated him? I am sure he saw himself in her.

                He despises the weak and the downtrodden and delights in facilitating their demise. Perfect guy to facilitate the deaths of 9/10 of the population.

                You owe it to yourself to read this entire article.

                DIARY OF A MADMAN

                Growing up in Nazi-occupied Hungary, a 14-year-old George Soros once saw two dead bodies hanging from lampposts. “This is what happens to a Jew who hides,” read a sign attached to one of the bodies. The other body carried the warning, “This is what happens to a Christian who hides Jews.” Soros may have met the same fate if his father had not obtained fake identities for himself, his wife, and his two sons. The family spilt up and George survived the war under the assumed identity of a gentile boy, Sandor Kiss. At 17, just as the Iron Curtain was descending, George and his father managed to get out to Switzerland, where they became delegates to an Esperanto Conference. (Esperanto is the artificial language invented in the Twenties to unite a fractured world, which Soros until recently lobbied the European Community to adopt as its common language.)

                From Bern, bright little George, again with the help of his father, managed to reach London and to enter the London School of Economics. He slipped out of a Russian-occupied section of Austria and headed for London

                It’s a harrowing tale, filled with many close calls. Which is all the more reason why reading Soros’ latest book, The Bubble of American Supremacy: Correcting the Misuse of American Power, is so disconcerting. Soros has adopted strange and hyperbolic language in describing today’s America as a fascist Fourth Reich with September 11 serving as our Reichstag fire. “How could a single event, even if it involved three thousand civilian casualties, have such a far-reaching effect?” he writes.

                We are now, Soros writes, a nation of “victims turning perpetrators,” likening our reaction to the terrorist attacks to the crimes committed by the Germans because of their nation’s mistreatment at Versailles.

                Thats him in a nutshell.

                http://www.discoverthenetworks.org/Articles/themanwhowouldbekingmaker.html

            • LOL

  7. The War on Cash – One Giant Leap Forward For Government

    The European Payments Council (EPC), a subdivision of the European Central Bank, is taking one giant step forward in their quest to eliminate all cash to increase taxes. They have gone ahead and set up the technical bases last week to enable the immediate payments system throughout Europe. One of the stumbling blocks has been the fact you cannot transfer money same day for banks like to play with your money and holding it for a few days. If the payment comes from overseas, the bank will not “clear” the funds usually for six weeks.
    Unless money can become instant, it is really impossible to eliminate cash. The SEPA Credit Transfer Scheme will move to allow instant transfers. The goal is to eliminate ATM machines and force people to pay using their mobile phone beginning in November 2017. Of course, there is nobody thinking about tourism. How will an American pay for something on a vacation in Europe? One suggestion behind the curtain I was recently briefed on was they could pay in advance and have an app that then pays for things in Europe.
    The hunt for taxes is getting pretty bad. The entire reason for the introduction of passports was by the Roman Emperor Diocletian following the collapse during the 3rd Century. Diocletian introduced wage and price controls, and doubled the number of bureaucrats at the government’s command; Lactantius was to claim that there were now more men using tax money than there were paying it. A form of introducing a passport not to travel to foreign lands since civilization was the Roman Empire, but to be able to travel within the Empire because you could not leave your home town until you paid your taxes.
    King Henry V of England (1387–1422) is credited with having invented what considered the first true international passport. The king saw this as helping his subjects prove who they were in foreign lands and not the subject of the king where they traveled. The reason for this 1414 Act of Parliament was legal. You were the property of your King. If you committed a crime in France, the French king could not punish you. He had to send you back to your king in chains noting the crime you committed and asked that you be punished by your king. This legal foundation of “jurisdiction” was not overthrown until the American Revolution, which gave birth to territorial jurisdiction. Since it was a revolt against monarchy, it was seen as implausible that if an Englishman committed a crime in America, that they would still recognize the authority of the king and send him in chains to Britain to be punished. This new idea of territorial jurisdiction is directly outlined in the 6th Amendment:

    In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the State and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the Assistance of Counsel for his defence.

    https://www.armstrongeconomics.com/world-news/taxes/the-war-on-cash-one-giant-leap-forward-for-government/

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