Posted on 09/08/2016 6:33:15 AM PDT by VitacoreVision
Taking aim at the Federal Reserve's politically motivated manipulation of the U.S. economy, GOP presidential candidate Donald Trump blasted the controversial central bank's artificially low interest rates. He also denounced the “very false economy” propped up by Fed monetary gimmicks. Democrat nominee Hillary Clinton, though, hit back immediately, saying Trump should not malign or even comment on the increasingly unpopular institution that controls America's monetary system.
Trump's comments, which sparked national headlines, came earlier this week at an Ohio campaign stop in response to a question from a reporter about possible interest rate hikes by the Fed later this month. “They're keeping the rates down so that everything else doesn't go down,” Trump explained, touching on one of the establishment's big secrets. “We have a very false economy.”
Trump did not question why the U.S. economy should be at the mercy of artificially established interest rates set by unelected and unaccountable central planners, rather than market forces. Instead, the candidate merely pointed out that the situation could not go on as it is. “At some point the rates are going to have to change,” he observed. “The only thing that is strong is the artificial stock market.”
The Fed, which has claimed immunity from federal transparency laws by pointing out in court that it is a privately owned corporation rather than government agency, has been hinting that it would raise interest rates for months. However, experts say the “false economy” may well blow up if and when rates finally go up, potentially setting the stage for a landslide victory for Trump. Eventually, disaster will strike either way without fundamental reforms to the corrupt monetary system.
Trump's comments on the stock market, while almost totally overlooked by the establishment media, were also right on the money. As The New American reported two years ago, the stock market is now dominated by governments and central banks, which in 2014 had some $30 trillion invested in equities and other assets. That may prop up prices temporarily, but the huge and growing economic distortions will bring massive pain in the months and years ahead as they inevitably blow up.
This week's comments were hardly the first time the unconventional GOP leader has highlighted serious problems with the Federal Reserve — one of the most secretive institutions in America despite its overbearing influence on the lives and economic well-being of virtually every American. In February, for example, Trump took a major swipe at the Fed's obsessive and dangerous secrecy in an attack on his then-rival U.S. Senator Ted Cruz (R-Texas). “It is so important to audit The Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done,” Trump said.
Shortly after that, Trump campaign insider and confidant Roger Stone reiterated that message in an interview with popular radio host Alex Jones of Infowars. “He’s not a big fan of the Fed,” Stone said about Trump. “He is scaring the central bankers; he is scaring the Washington/Wall Street/D.C. consultant/lobbyist class. He’s deeply suspicious of the Fed and I think he is open-minded about the Fed…. I’d suspect you’d get an audit of the Fed [with Trump].”
Polls show just one in 10 American adults are opposed to auditing the Fed, one of America's most powerful institutions, so Trump's positions are hardly controversial. Three out of four Americans support an audit, including two thirds of Democrats polled by Rasmussen. So far, though, despite massive support for Fed transparency in the U.S. House of Representatives, the U.S. Congress has only been able to approve a watered-down audit thanks to establishment forces in the Senate. Even the little information that has come out revealed, among other outrages, bailouts potentially worth $27 trillion — with a T — including trillions showered on crony mega-banks supporting Clinton.
While Trump has become increasingly critical of the Fed — even calling Fed boss Janet Yellen's tenure “highly political” during the Republican primary — Clinton has been almost entirely silent on the issue. Until Trump spoke out, that is. After Trump's comments about the “very false economy” being distorted and manipulated by the Fed and its centrally planned interest rates, Clinton revealed more about her true colors to the American people.
Clinton is widely viewed even among Democrats as the candidate of Wall Street “banksters” — with crony “vampire squid” mega-bank Goldman Sachs even recently banning donations among its executives to the Trump campaign (but not to Clinton's). So it is no surprise that Clinton lashed out at Trump over his recent Fed comments, attacking the GOP candidate for even daring to mention the sacred money cow that quietly transfers wealth from poor and middle-class Americans to the ultra-rich establishment.
“Another example why he shouldn’t be near the White House,” Clinton told her traveling cadre fawning propagandists masquerading as “journalists” aboard her campaign airplane. “You should not be commenting on Fed actions when you are either running for president or you are president. Words have consequences. Words move markets. Words can be misinterpreted. Words can have effects on people’s 401ks, their pension funds, their stock portfolios.”
Then she dug herself deeper into the hole. “I’m not going to comment on Trump’s comment, other than to say that he should not be trying to talk up or talk down the economy and he shouldn’t be adding the Fed to the long list of institutions and individuals that he is maligning,” Clinton added. Mega-banks that benefit from the Fed and its policies have poured millions of dollars into the dubious “Clinton Foundation,” which analysts have called a giant criminal enterprise, and into her campaign coffers.
It is not the first time Trump has taken on one of the establishment's most powerful organs of control over the American people. Earlier this year, he even touched on the idea of stripping the banksters of their unconstitutional ability to create debt-backed fiat currency out of thin air. “Bringing back the gold standard would be very hard to do, but, boy, would it be wonderful,” he explained, before being promptly attacked by tax-funded establishment propaganda organs. “We'd have a standard on which to base our money.” His vice-presidential nominee, Indiana Governor Mike Pence, has also touted the gold standard.
Trump also raised eyebrows and energized supporters when he rented out the 50th floor of a building he owns to American Precious Metals Exchange (APMEX) — and allowed the company to pay its security deposit in gold bars rather than constantly depreciating Federal Reserve notes. In a video produced by Birch Gold Group about the deal, Trump explained his thinking behind the move, arguing that gold was better than cash.
“Sadly we all know what’s happening to the dollar,” he explained, alluding to the fact that the U.S. dollar has lost more than 95 percent of its purchasing power since the banking cartel known as the Federal Reserve took over in 1913. “The dollar is going down and it’s not a pretty picture, and it’s not being sustained by proper policy and proper thinking. This was an opportunity and maybe an opportunity to show people what’s happening with the dollar so we can do something about it.”
Trump is the first major party presidential nominee in recent American history to start a serious discussion on what may be one of the single most important issues threatening America's future — its corrupt “monetary system.” As this magazine has been reporting for decades, the Federal Reserve as an institution has been the most important culprit behind the ongoing and accelerating economic decline of the United States, with the poor and middle class suffering the most.
Insiders such as Clinton and her ardent supporters in the mega-banks and the increasingly discredited establishment media may argue that presidential candidates should not be commenting on the Fed. But that is absurd. For the sake of the America, liberty, and prosperity, it is absolutely essential that the shameful silence on this crucial issue be ended. Trump has done America and the world an enormous favor just by bringing it up. Now it is up to Americans to educate themselves and others on the obvious problem — and the solutions to it.
Related articles:
Trump: Gold Better Than Cash; Puts His Money Where His Mouth Is
Central Banks Now Dominate Stock Market, Study Finds
Vast Majority Want to Audit the Federal Reserve, Poll Shows
Fed Manipulations in the Crosshairs
Trump Knocks Cruz for Missing Audit the Fed Vote; Proclaims His Support for Same
Trump Highlights Huge Role of Obama and Hillary in Rise of ISIS
Central Bankers Prepare to Flood the World with More Funny Money
World Bank Insider Blows Whistle on Corruption, Federal Reserve
Fed Audit: Trillions For Foreign Banks, Conflicts of Interest
The Federal Reserve: Bankers for the New World Order
Trump catches the interest of Ron Paul.
Ron Paul: Donald Trump Wants To Audit The Federal Reserve, The “Secret Society” Loves Hillary
http://www.realclearpolitics.com/video/2016/09/07/ron_paul_donald_trump_wants_to_audit_the_federal_reserve.html
My thoughts exactly. Those Ron Paul supporters, to a great degree, supported him because of his opposition to the Federal Reserve. If they’re sincere, they’ll support Trump.
Another problem for Obama and his band of vampires..They can`t destroy the economy in January and say it`s Trumps fault.That is exactly what Clinton did to George Bush with 9/11..Billy created the monster and dropped it in Bush`s lap...
Good article by Alex Newman. Thanks for posting. HOORAY Trump
“Then you will see the rise of the men of the double standard—the men who live by force, yet count on those who live by trade to create the value of their looted money—the men who are the hitchhikers of virtue. In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law—men who use force to seize the wealth of disarmed victims—then money becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the pickpocket. And then that society vanishes, in a spread of ruins and slaughter.
“Do you wish to know whether that day is coming? Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion—when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors—when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed. Money is so noble a medium that is does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot.
“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’
http://www.freerepublic.com/focus/f-news/2199984/posts
Some say it did.
I’ve never been a fan of Ayn Rand, but the statement is incredibly accurate. And we are there.
May God bless and protect Donald J. Trump.
Do we need THE FED? Good way to shrink the Gov’t.
Who is John Galt?
bkmk
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