Making America Great

Requires

Core Institutional Change

            End the Federal Reserve…

The true mission of the Federal Reserve is not to manage the economy with its subsequent business cycles but to promote a cartel with the sole purpose to reduce competition and thereby increasing the profitability of their members through a shared monopoly.  A legal private monopoly all based upon the false narrative of protecting and promoting the public interest.

The original purveyors of the Federal Reserve (1913) – Nelson W. Aldrich, Republican Senator Father in law to John D. Rockefeller – Henry P. Davison, Sr. Partner of J.P. Morgan Company – A. Piatt Andrew, Assistant Secretary of the Treasury – Frank A. Vanderlip, President of the National City Bank of New York, representing William Rockefeller – Benjamin Strong, head of J.P. Morgan Bankers Trust – and lastly the architect of the cartel, Paul M. Warburg, partner of Kuhn, Loeb & Company representing the Rothschild’s and Warburg’s in Europe.  Their mission had five objectives.

1.  Slow and reverse the growing competition from newer banks as the country continued its western drive thereby maintaining ownership of financial resources in the hands of those present and creating a dynasty for their children.

2.   A variable money supply to drive down interest rates to encourage borrowing as opposed to private capital formation – savings – to monopolize the industrial loan market.

3.  The elastic (variable money supply) or quantitative easing to protect against currency drains and/or bank runs due to reckless loaning thus thwarting bankruptcy escaping the rigors of the free market.

4.      During a collapse of the members of the Federal Reserve shift the losses from the owners to the tax payers – bail out.  Those banks not part of the cartel (Federal Reserve) are allowed to parish further consolidating the elites hold upon the financial system.

5.    Convince Congress and the American public this new system is a protection for our citizens.

When viewing the Fed by their true objectives this cartel has been a resounding success.  When viewed by their public mandates of full employment and price stability a dismal failure.  Since 1913 the American dollar’s debasement – purchasing power loss of around 98% or a chronic inflationary rate of approximately 3.25%.  Along with many menacing recessions and two depressions – the 1930’s and the one we are in now.  The Fed needs to go and begin the journey to sound money plus ending one portion of the elite’s stranglehold on the American public.

DYI