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Central Bank Digital Currencies (CBDCs) are being piloted by many governments throughout the world. In this video, Catherine Austin Fitts, President of Solari, Inc., explains the dangers of digitizing currency and what we can do to preserve our freedom.
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Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where he said that he would not comply with any presidential request that he step down before his term ends in May of 2026.
Powell claimed that the president lacks the legal authority to fire the Fed chairman. So, if President Trump tells Chairman Powell “you’re fired,” Powell could bring suit asking a court to review Trump’s action.
President Trump and Chairman Powell are at odds over President Trump’s desire to require the Federal Reserve to consult with the president before changing interest rates or taking other significant actions. Powell is likely to do all he can to convince Congress to reject any legislation giving the president any type of official role in setting monetary policy. After all, Chairman Powell is so protective of Fed autonomy that he opposes auditing the Fed on the grounds that it could threaten the Fed’s independence, even though there is nothing in the Audit the Fed legislation giving the president or Congress any new authority over the Fed’s conduct of monetary policy.
Do people want central bank digital currencies, better known as CBDCs? Countries that have experimented with or launched digital versions of their respective currencies have witnessed little fanfare for these endeavors. Put simply, they are not appealing to the general public. Yet governments are still foisting them onto their populations, perhaps because they might be the greatest surveillance tool known to man.
The 2024 Republican platform promises that, if Donald Trump returns to the White House and Republicans gain complete control of Congress, they will reduce inflation. The platform contains some proposals, such as reducing regulations and extending the 2017 tax reductions, that may help lower prices in some sectors and spur economic growth. However, the GOP platform does not address how the Federal Reserve’s enabling of spendaholic politicians contributes to price inflation.
Other than an obligatory promise to cut “wasteful” spending, and a pledge to eliminate the Department of Education, the Republican platform is largely silent on proposals to reduce federal spending.
The Federal Reserve is encouraging anyone who has a large deposit at a community bank by saying the FDIC will not to make them whole, but if you go to one of their preferred (too-big-to-fail) banks, we will make you whole.
The FDIC Operates On a Fractionary Reserve System. The FDIC Is Required to Keep 1.35% of All Total Insured Deposits." Are your savings truly safe? Uncover the shocking truth: a drained FDIC fund, secret problem banks, and power consolidation within megabanks. Learn how to protect your money in a flawed system. Watch now and take control of your financial future.
Congressman Thomas Massie introduced the Federal Reserve Board Abolition Act H.R. 8421 Thursday which aims to abolish the private Federal Reserve Bank that has printed U.S. dollars since 1913.
“Americans are suffering under crippling inflation, and the Federal Reserve is to blame,” Rep. Massie said in his press release Thursday. “During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today.”
This film is a long discussion between David Webb and G. Edward Griffin on the mind-boggling power and control of the privately held central banks. The question of whether this power is being used for benevolent or malevolent purposes was taken head-on.
Back in 1981, our national debt reached $1 trillion.
At the time, it was hard to even comprehend such a number. Today, the debt has soared to nearly $35 trillion and counting. Take a look at the national debt clock, and you’ll see the debt grow beyond the annual salary of most Americans in just seconds.
As the saying goes, “Somebody’s gotta pay for it.”
Maybe, but it won’t be the U.S. government. Uncle Sam is flat broke, but he keeps the Federal Reserve’s printing press in motion 24/7.
Let’s not forget that we have to borrow that money, which means we have to pay interest. For years, politicians from both parties claimed that as long as we could pay off the interest, we’d be in good shape. But that’s easier said than done when the debt is astronomical.
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