The Fed Is Not Independent and Never Has Been

BIS2

Source: TheDailyBell.com
February 16, 2017

Yellen defends independence of Federal Reserve … Federal Reserve Board Chair Janet L. Yellen defended the central bank’s independence Wednesday from Republican lawmakers pushing for major changes in how the Fed operates and how regulators oversee the nation’s banking system.

The Federal Reserve is not independent and never has been. It is part of the Bank for International Settlements for one thing. The BIS coordinates central banks around the world. That’s one of the reasons many central banks seem  to do the same things at the same time.

But that’s not the opinion of a House committee which seems to believe that Janet Yellen can do what she wants. GOP lawmakers “challenged Yellen’s handling of the economy and her leadership in implementing the 2010 Dodd-Frank Act.”

“After eight years, there is zero evidence that zero interest rates and a bloated Fed balance sheet lead to a healthy economy,” House Financial Services Chairman Jeb Hensarling (R-Tex.) told Yellen.

Hensarling is going to try to bring legislation that will force Yellen to follow a specific formula requiring the bank to set interest rates in a certain way and then have those rates further scrutinized by the Government Accountability Office.

Yellen  is against this. She says the Fed would be badly crimped by the use of just one single formula.

But the larger issue is that for political reasons the House is wrong about Yellen. She is fully controlled, but the control comes out of England’s square mile city.

The BIS helps coordinate central bank actions around the world. It is for instance so many central banks are trying to keep rates down, even though Yellen may move up a few points.

Meanwhile, London’s city itself is run by the same central bankers and others who ultimately run the Fed. They helped set up central banking some 500 years ago. They still control central banking in the larger sense from what we can tell.

Conclusion: So rather than being free to do what she pleases, Yellen is constrained on all sides. She basically does what she’s told. The only trouble is that it’s not what the current administration wants her to do. But that’s a great deal different than doing what she wants.

Read More At: TheDailyBell.com

The Great Robotic Downsizing Cometh…To Government?

transhumanism
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
February 15, 2017

Finally someone has said it; we all knew it was coming, but finally someone has said it: one of the first areas up for “downsizing” as robots move to replace humans is (drum roll), government bureaucracies, as outlined by this article in Zero Hedge that was shared by Mr. V.T.:

Most Government Workers Could Be Replaced By Robots, New Study Finds

Imagine the consequences: no more having to deal with a heartless human bureaucrat, and, if you’re one of those mindless drones lucky enough to have been born into the political class in the West – one thinks of the Pelosis, the Feinsteins, the McCains, Grahams, Camerons, Sarkozies, Hollandes, Merkels &c -this is truly a God-sent deus ex machina, for no more would one have to worry about the heartless human bureaucrat waking up and on occasion succumbing to a bout of real humanity, thus messing up the smooth functioning of goobernment.  One can even imagine modifications of Isaac Asimov’s famous three principle laws of robotics: Thou shalt never do anything harmful to Goobernment nor to any of its human officers.

And it would save money.

Want to drain the swamp? “Hire” robots.

It would save money.

Want to solve the “immigration/illegal alien” problem? “Hire” robots.

It would save money.

Want to make sure the Common Core lesson plans are followed rigorously and to the letter, and right on time? Want to make sure those individually adapted personalized computerized standardized tests are administered without muss and fuss from human teachers? “Hire” robots.

It would save money.

Want to make sure those commodities and bonds and stocks purchases placed by grandma at your local brokerage house get placed and executed in time? Want to cut down on the overhead that bank tellers and security guards and cleaning staff require? “Hire” robots.

It would save money.

Want to make sure your pizza/Big Mac/ and drinks order is carried out to the customers’ direction? Want to make absolutely certain the employees at your local franchise convenience store aren’t dipping into the till? Want to cut down on time at breaks for your blackjack tables and roulette tables and craps tables in your casino that human employees take up? Want to cut down on labor overhead costs to man three shifts per day in said casinos? “Hire” robots.

It would save money.

Want to cut down on the bothersome business of maintaining large parliamentary buildings and keeping them clean? Why even bother hiring robots? Allow your local MPs and congressmen and senators and what not to just stay on the golf course with their robot caddies, and conduct all votes by internet and ipads, logging in for votes with an appropriate avatar.

It would save even more money.

Want to make sure the disenfranchised humans you’ve just fired behave, especially when their unemployment runs out? “Hire” robots for your police and security forces. It will keep them in line.

And it will save money.

… At least, that’s the way all of this will be promoted and sold.

See you on the flip side….

Read More At: GizaDeathStar.com
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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

Catherine Austin Fitts – Trump Taking On Corruption & Lawlessness

Source: USAWatchDog.com
Greg Hunter
February 12, 2017

How does Donald Trump win against the evil trying to stop his Administration? Financial expert Catherine Austin Fitts contends, “Trump wins by staying focused on the real issues. The U.S. economy needs a variety of things, including turning the federal budget around. . . . . The reality is the federal budget has a negative return to taxpayers. It’s got to be turned positive. . . . That comes down to tax reform, infrastructure and it comes down to Obama Care. . . . Trump is the Titanic Turner, and he needs to stick to the big issues. . . . He has to make sure the shriek-o- meter does not destroy his top lieutenants and put space between him and them. Otherwise, the pigs are going to step in and run things.”

In closing, Fitts says, “What’s killing this economy is corruption and lawlessness. That’s what’s killing the economy. We need to deal with these problems.”

Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, founder of “The Solari Report” on Solari.com.

All links can be found on USAWatchdog.com: http://usawatchdog.com/empire-strikes…

Save Money on Lunches

Source: Guildbrook Farm | Simple Sustainable Living
February 12, 2017

Do you know how much money you are paying for convenience packaging? Jaime shows you how much extra money you spend on several common lunch items and what she uses instead to save money. She also shows you a healthy WWII school lunch and gives you some additional tips when you find yourself having to purchase a meal on the run.

Arizona & Utah Legislating For Specie…

Source: GizaDeathStar.com
Dr. Joseph P. Farrell Ph.D.
February 11, 2017

Last Thursday on my News and Views from the Nefarium I noted something of major geopolitical consequence as major Japanese banks were joining the CIPS (China International Payment System) of financial clearing, bypassing SWIFT (Society for Worldwide Interbank Financial Telecommunications) and therefore the US dollar. This, in my opinion, was a geopolitical-financial earthquake. We have yet to see the fall0ut from this, but over the next few years I suspect we will, as other nations in the BRICSA bloc join and participate. China will couple this (obviously) to its Silk Road project, so one can except individual nations to participate, particularly those involved in China’s Asia Infrastructure Investment Bank. Watch for Great Britain to do the same, thus straddling both the Western and Asian systems.

All this is to say that “something is up” in the financial world. For example, there’s the story that Germany has completed its gold repatriation, three years ahead of time. Some who sent me this article suggested that this “speed up” may be due to the pressures on Germany’s largest, and one of the world’s largest, banks, Deutsche Bank. But there are other clues that “something is up”. Recall that last year we occasionally blogged about the story that the American state of Texas had legislated the creation of a state bullion depository, and additionally, that Texas was, like Germany, seekiing to repatriate its own bullion stocks from the Fed to the state, presumably to its bullion depository.

Well, now you can add Arizona and Utah to that mix – at least, tentatively:

Utah Bill Sets Stage For State Gold Depository, Further Encourages Use Of Metals As Money

Arizona Committee Passes Bill To Support Sound Money

http://www.activistpost.com/2017/02/arizona-committee-passes-bill-support-sound-money.html/embed#?secret=6DVqHf4Sgm

If both states pass their measures, the this would be two American states with state bullion depositories, and Arizona would join several states which have passed bills reaffirming that specie money is constitutional money and legal tender; most of those states that have passed similar measures, if memory serves me correctly(!), are in the upper plains states.

In any case, the real question here is what all of this means. And here I suspect that your high octane speculation is as good as mine. Firstly, there is the view that would hold that these states, like Germany, sense “something is up” and are building hedges and fences to insure their continued financial security. Secondly, there is a view that would see these moves as more indications that the US federal “one size fits all” political and financial institutions are breaking down, and that these states are taking measure to protect themselves. There is much to commend this view, as already state and municipal retirement pension funds are under severe pressure. In California the mathematics is undeniable, notwithstanding the make-believe world that Sacramento seems to live in: the state is facing a long-term financial “Situation” that is not good. The word hasn’t been used yet, but think “Greece” and “tonsorial parlors” and you get the idea. Thirdly, closely allied with this view is that idea which holds that the union is, indeed, breaking apart under a variety of pressures, many financial, and many the much more intangible but profound cultural divisions. A glance at the county-by-county maps of past federal elections tells the story: the progressive left thrives on the coasts and in the urban centers, while the more traditional right thrives in the rest of the country, in mid-sized urban areas and rural areas. Fourthly, and now entering the world of “high octane speculation,” bullion depositories and specie strike a direct blow not only against the centralized banking and financial system of the west, but the “cashless society” plans of Mr. Globaloney, for such money protects individual privacy and sovereignty. But specie also promotes not only anonymity, but given the fact that these states are in the US southwest, they could be positioning themselves for a much bolder presence on the global stage, for like it or not, even Mr. Globaloney likes bullion. Specie enable international trade, especially in an environment when there is increasing pressure on the US dollar’s reserve currency status. Fifthly, and also in the realm of “high octane speculation,” there is also a diametrically opposite possibility: by opening depositories, the could be a covert scheme to have all the bullion in private hands deposited… and then seized in those “tonsorial parlor” maneuvers we’ve seen before in history: the banksters have a variety of euphemisms for the procedure, but in the end it amounts to mere theft.

And a final thought:

Read More At: GizaDeathStar.com
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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.