Isn’t is ironic, Jesus’s supporters lined the road and laid down palm branches as he entered the city. Today, his supporters are also lining the road as he leaves for the city. Jesus appeared before the court and they unjustly tried him. Trump is appearing before the court this week and . . . .
https://badlands.substack.com/p/is-jerome-powell-a-patriot
Is (Federal Reserve Chair) Jerome Powell a Patriot? -
Separating Financial Signal From Noise
by Erik Carlson
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“Is Jerome Powell a Patriot? Don’t I know the Federal Reserve is truly evil and largely responsible for the fact we all live as debt slaves?
I am very aware of how evil the Federal Reserve is. I am very aware of how it was started, who started it, and who has run it for the past one hundred years. I understand they print money out of nothing, backed by nothing. I am aware inflation comes from this process. I am aware that raising interest rates destroys the economy, and income tax was created to pay these bankers who print this money backed by nothing.
No one despises the Federal Reserve more than me. So, how could I ask the question, “is Jerome Powell a Patriot?”
It’s because things don’t add up anymore. Things don’t make sense anymore. This Federal Reserve isn’t your father’s Federal Reserve, or even your older brother’s Federal Reserve, for that matter.”
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On June 30th, 2023, LIBOR will be completely replaced by SOFR. What the heck is LIBOR and SOFR?
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The key things to understand about LIBOR are where it comes from, London, and how it is determined, arbitrarily.
SOFR (security overnight financing rate) is a benchmark that financial institutions use to price loans for businesses and consumers. The overnight financing part of its name references how SOFR sets rates for lenders: It’s based on the rates that large financial institutions pay each other for overnight loans.
SOFR provides a robust and transparent method for determining a common benchmark rate based on observed, cleared transactions in the marketplace.
SOFR is a much more resilient rate than LIBOR because of how it is produced and the depth and liquidity of the markets that underlie it. As an overnight secured rate, SOFR better reflects the way financial institutions fund themselves today.
The key things to understand about SOFR are where it comes from, the US FED, and how it is determined—by using actual data.
Who again is the architect of SOFR? That’s right, John C. Williams, the guy Trump appointed as head of the New York FED. John C. Williams was appointed by Trump on 4/3/18. Care to guess what day SOFR started? That’s right. 4/3/18.
I’m getting the sense here that Trump wanted to replace the City of London-controlled LIBOR system with the US Federal Reserve controlled SOFR system.
If you were corrupt, would you prefer a system that is arbitrary, or a system that is determined by actual data? A system that can be manipulated, or a system that is transparent? LIBOR is arbitrary, and SOFR is transparent.
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The facts are that, since Powell started raising interest rates, the US dollar has become stronger, and the Eurodollar has become weaker. Traditionally, financial collapses have occurred after CUTTING interest rates, not after raising them. If Powell is working with the cabal bankers, why are money laundering banks beginning to go under? Why are no US troops in foreign countries fighting wars to bail out the financial system like in the past? Powell doesn’t appear to be working with the cabal or the Biden Administration and there doesn’t appear to be anything they can do to control him.
I’m not saying things aren’t bad for us right now, or that current policies aren’t bad for the economy, or that things might not get much worse, but maybe this is necessary to take ownership and control of our country for the first time since its founding. Emphasis on “first time”.
We’ve always been controlled by foreign powers. Getting free from these foreign powers is an epic undertaking; it makes sense that it would require a little pain.
Let’s not go there. Trump is not Jesus and to compare is just wrong. There’s nothing ironic here at all.
The Jews thought Jesus was going to go to the palace and free them from Roman rule. Instead he went to the synagogue to free them from their sins.
We don’t worship Trump. We worship God. Trump is a man, Jesus was the Son of God.
They didn’t just unjustly try him, they crucified Him. I don’t even know what you are saying with your 4 dots... Trump is going to church or synagogue? Be killed?