Posted on 09/06/2019 8:09:14 AM PDT by SeekAndFind
We have an unelected, unaccountable administrative state that sees itself as separate from, and above the people. Now, it is intervening to make sure it gets a government that will be amenable to its rule.
The latest example of this is a stunning statement from former Fed monetary Vice Chair William Dudley. He was quoted in Bloomberg saying that the Fed should help defeat Donald Trump in the upcoming presidential election.
Officials could state explicitly that the central bank wont bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the consequences of his actions, Dudley said.
In other words, Dudley asserts that the central bank should do nothing to help the economy if it also helps Trump. Where is America in this calculation? Well, someone has to take a backseat to Dudleys political positions, so it might as well be the financial well-being of the United States, right? But theres more.
Theres even an argument that the election itself falls within the Feds purview, Mr. Dudley said. After all, Trumps reelection arguably presents a threat to the U.S. and global economy, to the Feds independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.
Yes, you read that correctly. Dudley just said that the Feds should join the Resistance. Though Dudley left the Fed last year, his influence is still very strong. His careless words should be a warning about the current state of an administrative state going awry.
This is just the most recent example. The IRS attacked the tea party movement leading up to the 2012 presidential election, in order to stunt the Republicans chances of winning. We've seen it in the intelligence agencies at the highest levels, now clearly exposed as having worked to turn an election to the Democrats, and failing in that, worked to remove a duly elected president. We've heard of the "resistance" within federal government agencies and seen undercover videos from James O'Keefe, exposing their actions to undermine the president. And now, we have former members of the supposedly "independent" Federal Reserve, calling on the Federal Reserve to undermine the duly elected president in order to influence an election.
Forget the Russians. This is the real story, and its happening right under the noses of an apathetic media.
This is the very definition of the "deep state." These are agencies, and individuals deeply embedded in our government, who are dedicated to the proposition that We the People are subservient to a ruling elite made up of technocrats. There was a time when the idea of the "deep state" sounded like a wild-eyed conspiracy. No longer. The deep state is here, and it is working against the interests of a free and robust republic.
What is at stake is nothing less than the survival of the American experiment. I will be called "radical" and "inflammatory" for saying this. That's okay. I was called "radical" and "inflammatory" for using the word "fascist" to describe the progressive left in America several years ago. Yet today, we see thugs in black masks and clothing, beating people in the streets of Portland and other places, on behalf of the progressive wing of the Democratic Party.
This is another warning.
The administrative state, the Deep State, is here. It is deeply entrenched in Washington, D.C. and in state capitols all over the country. It is exceptionally dangerous. It has a fundamental dislike and distrust for the average American citizen (at least if you disagree with them politically). And it is happy to use its power, legally or otherwise, to crush dissent, influence elections and destroy representative government.
We can wake up and stand against it, or we can kneel in submission.
There is no middle ground.
A totalitarian Fed is not what America needs at all.
Nice of him to PUBLICLY ANNOUNCE their intentions. Seems to help Trump make his point, if anything.
Tyranny is our future if we fail to stop it before it is too late.
Thanks for posting. Important stuff.
Since the days of Woodrow Wilson the left has been unrelenting in their attempt to seize power and undo the work of the Founding Fathers. We must NOT let that happen!
The most important question is, HOW do we stand against it? How do we wake up sufficient numbers of people and organize them to stand against it? How?
Well weitten commentary
Ditto that.
bkmk
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A stunning statement from former Fed monetary Vice Chair William Dudley: Officials wont bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the consequences of his actions. Trumps reelection arguably presents a threat to the US and global economy, to the Feds independence, and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020, Dudley said.
MEMO TO DUDLEY: As to the Feds independence and its ability to achieve its employment and inflation objectives
..
where were you when then-Pres Obama placed his COS Rahm Emanuel in the US Treasury?
"Mr President, you are now in complete control of the US Treasury."
==========================================
THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move. When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
Bttt.
5.56mm
Sounds like its time to make Thomas Jefferson a clairvoyant.
Maybe the Chinese own William Dudley... they own half the people in Washington DC - why not him too?
Let's just assume commies own Willian Dudley - like they own much of the left-wing traitors...
The coming three months will separate the men from the boys. Congress either will or won’t pass new gun control legislation , specifically Red Flag Laws legislation. President Trump will either sign or won’t sign said legislation into law. President Trump either will or won’t be re-elected. By December 15, at the latest, we will know one way or the other.
Don’t forget the Soros machines and the ChiCom $$$$$. And the globalists and tech or other oligarchs who think themselves our betters.
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