The Fed Is Fatally Corrupt-- And So Is the Rest of America's Status Quo

OfTwoMinds.com ^ | September 10, 2021 | Charles Hugh Smith

[MeneMeneTekelUpharsin]

We know you're all just poor corrupt officials, but bleating excuses won't save you from the karmic payoff. The Federal Reserve can be summed up in two famous lines from the classic film Casablanca in which the corrupt police official Renault is ordered to close Rick's cafe.

Renault: I'm shocked! Shocked to find that gambling is going on in here.

[The croupier hands Renault a wad of cash]: Your winnings, sir.

The Fed is totally, completely, fatally corrupt. Only those being handed their ill-gotten gains defend the Fed. Everyone who is isn't totally, completely, fatally corrupt wants America's financial Politburo tossed on the bonfire of history. The Fed's response to its highest-level officials minting millions in insider trading is as transparent as Captain Renault's shock: only when the putrid corruption filling every nook and cranny of the Fed seeps out under the door does the Fed suddenly announce it's shocked that insider trading is going on in here.

Any agency with the faintest wisp of integrity would claw back all the trading gains of every Fed official and employee, but since the Fed is totally, completely, fatally corrupt, the Politiburo's mega-millionaires are handed their winnings like the comically corrupt Captain Renault. At least the fictional Captain Renault had a sense of self-deprecating humor: at one point he declares, "I'm only a poor corrupt official." Chairman Powell, here's your cue: go ahead, say it: "I'm only a poor corrupt official."

But the fatal corruption of America's financial Politburo isn't unique; it's of a piece with the rest of America's fatally corrupt status quo, from the mega-millionaires in Congress minting millions in stocks (here's looking at you, Ms. Pelosi) to the Big Pharma parasites who evade responsibility for killing tens of thousands of Americans with their falsely labeled medications (non-addictive, huh), the entirety of America's ruling elite is totally, completely, fatally corrupt, from the billions collected by contractors in Afghanistan to the corporate insiders minting billions with stock buy-backs--a form of fraud that was illegal back before America became a moral cesspool. Kleptocrats around the world are taking lessons from the Fed and the rest of America's corrupt ruling elite: how to launder money? Easy--open opaque LLC accounts in South Dakota. America is the world's best protected tax haven, because it's designed for America's own corrupt elite.

The cost of corruption is a bit higher in America, but you get what you pay for: world-class corruption costs more. Here is America, a few million in lobbying and campiagn contributions can buy pretty much anything: you need a tax loophole involving some obscure life insurance ploy? Pony up the cash and you got it on a silver platter. Are loopholes available to the debt-serfs and tax donkeys? Of course not. Our designated role is limited to making monthly debt payments, paying taxes and distracting ourselves with binge-everything.

The higher you go up the food chain, the more profound the corruption. The croupier at Rick's doesn't have many opportunities for corruption; skimming anything will quickly lead to termination and prosecution. But at the top in America, the opportunities for corrupt gains, skims, scams, thinly veiled bribes and insider trading are essentially limitless. As Cato the Elder observed: "Thieves of private property pass their lives in chains; thieves of public property in riches and luxury." America's corrupt elite is blind to the outcome of their skyrocketing wealth: skyrocketing inequality. And as a result, they're blind to what will wash away their putrid palace, for inequality is a systemic toxin that brings down even the greatest empires.

Dear corrupt Fed and corrupt ruling elite: the banquet of consequences of your corruption is being served. We know you're all just poor corrupt officials, but bleating excuses won't save you from the karmic payoff. Who benefited from this Fed-inflated bubble? (Go to link to see charts and the rest.)

[MeneMeneTekelUpharsin]

All hell is about to break loose. It really is. There is NO way all of this is sustainable.

[Jewbacca]

Criminals are better than the Commies Bidet nominated

[zeestephen]

I have not read the details of insider trading at the Fed.

On the other hand, the Fed does not investigate individual companies, so I am uncertain they actually have inside information.

The Fed creates monetary policy, which does have an impact on stock prices, but unless Fed members were day trading policy rumors or shorting stocks, it is hard to understand what information the Fed had that other financial professionals do not also have.

[Tellurian]

Criminals are better than the Commies Bidet nominated

Yup, but Commies ARE criminals, they just have no conscience. They're convinced that what's yours is theirs to redistribute, and fancy themselves as morally superior for being a part of "their" largesse. Then they rationalize that their superiority makes them deserving of a greater part, and the best parts, of that redistribution.

[joshua c]

im guessing here but the market usually reacts to fed moves and the insiders know the moves before the public

so there is that

[right way right]

There use to be ‘The Mob’.

Now, there is the federal government and no need for ‘The Mob’.

The crime families we already know....Biden, Bush, Obama, Clinton, Pelosi, many more, and we all know it too, those are just the ones with SS protection.

[Dick Bachert]

PAPER DEPT MONEY BRUCE McCARTHY
“A nation of well-informed men, who have been taught to know and to prize the rights God has given them, cannot be enslaved. IT IS IN THE REGION OF IGNORANCE THAT TYRANNY BEGINS.” Benjamin Franklin
If we REMAIN IGNORANT of THE SCAM that’s enslaved us for over a century, tyranny is just around the corner!

PART 1:https://www.bitchute.com/video/J25K2rZWPuSr/
PART 2:https://www.bitchute.com/video/t955nfnXsHUN/

[precisionshootist]

The entire federal government is fatally corrupt.

The only workable solution is written in the Declaration Of Independence. People who want to live free have a big decision to make.

[Kevmo]

From my home page

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Secession

It's time for us to jettison those who reject our national values because there's no changing them. Time to secede.

We should extend the invitation to secede on a county by county basis.

While we're at it, since we'd be forming a new country, we should extend the invitation to counties in Canada and Mexico as well.

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[precisionshootist]

I remember the days of Alan Greenspan and saying back then there was no way these fed people were not using their inside knowledge to make millions and millions of dollars. The financial channels would follow Greenspan around and look at how full his brief case was in order to try to determine what the next fed interest rate announcement was going to be. That information of course was worth millions of dollars if you knew it just one day before the announcement. Of course many with the fed had this information and you can bet the farm they acted on it to make themselves fabulously rich.

Now this is supposed to be big news? The fed employees are using insider information to get rich. Well you don't say!

[Scott from the Left Coast]

The Fed?

Yeah

But the truth is that all of America is fatally corrupt.

[precisionshootist]

" Secession It's time for us to jettison those who reject our national values because there's no changing them. Time to secede."

Secession is one answer but I'm not sure if there is enough support.

I don't think most people realize how dire the situation really is. Way too many are banking on somehow bringing the republic back from the dead by elections in 2022 and 2024. They are in my opinion delusional. Those running our entire government now were not elected by the people and there is no way in hell they are going to let the people vote them out.

I like the idea of "virtual secession". This is a term I came up with to describe the gradual but swift and sweeping state nullification of federal law. For example on 2nd amendment issues. The state of Texas could pass legislation that simply says that no current or future federal firearms law shall apply in the state of Texas. Further any attempt to enforce any federal firearms law in the State of Texas is a felony punishable by mandatory prison terms. Use this same process for other areas eventually getting around to taxation. In time some of these provisions could be added to the Texas state Constitution making it even more difficult to reverse course. Using this method Texas would be seceding without actually seceding, ie "virtual secession". This in my opinion would be much easier to gain the support needed.

[Boomer]

Excellent assessment and quite true.

[Boomer]

I like it. It keeps things like retirement SS intact and the states “united” but puts the state in charge instead of the feds who will always use the commerce clause to override state laws.

[Pelham]

The Fed has private sector members as well as government employees. These two were private sector. They aren’t covered by the same regulations. They stepped down, or were asked to, because their trading gives the impression of impropriety- something that Congressmen engage in with wild abandon.

You’re right that there’s no reason that those Fed officials would know anything special about individual companies; an SEC official might, but the Fed doesn’t do anything like the SEC. However they might have knowledge about banks.

[Kevmo]

“Virtual Secession”, like those sanctuary cities for illegal aliens. But that is just one issue at a time. There are a helluva lot more issues than illegal aliens and gun ownership.

[citizen]

This article yielded a new tagline.

[MeneMeneTekelUpharsin]

so I am uncertain they actually have inside information.

ROFL, really.

[DoodleDawg]

I like it. It keeps things like retirement SS intact and the states “united” but puts the state in charge instead of the feds who will always use the commerce clause to override state laws.

Sort of a 'have your cake and eat it too' situation.

[Jim Noble]

The Fed is totally, completely, fatally corrupt

It's not corrupt. It's just that usury and crushing the middle class is no basis for a monetary system.

The only intervention necessary to fix the Fed problem is to rename it what it is - the Third Bank of the United States - and then let nature take its course.