Remember our discussions about the IMF’s 2010 Quota and Governance Reforms (international treaty increasing powers for member nations protecting the worldwide monetary system), already approved by all the IMF member nations (Includes the U.S., BRICS, and other G20 members) for the de-dollarization and international monetary system reset scheme with details that are not discussed in front of the cameras and not open for public debate.
Some will argue that Danielle DiMartino Booth and others in the banking industry are having the much needed public debate about the monetary system.
Is this a revival of the “End The Fed” movement?
I would argue for abolishing:
- fractional reserve banking
- banking cartels
- banking fraud
Yes, End The Fed. ~Ron
Title: Fed rate hike coming in March
Video posted 12 Feb 2017 by Danielle DiMartino Booth — MONEY STRONG, LLC
Title: Danielle DiMartino Booth: An Insider Exposes The Evils Of The Fed
Video posted 12 Fed 2017 by ChrisMartensondotcom
Title: Fed Insider: We Have Been Put On Notice, The Debt Is Unsustainable:Danielle DiMartino Booth
Video posted 13 Feb 2017 by X22Report Spotlight
You can find more from Danielle DiMartino Booth below:
DiMartino Booth explains what really happened to [the] economy after the fateful date of December 8, 2008, when the Federal Open Market Committee [FOMC] approved a grand and unprecedented experiment: lowering interest rates to zero and flooding America with easy money.
Read here the opening of this inside view of the Federal Reserve’s inner workings:
“Until September 2008, when all hell broke loose in a worldwide panic that completely blindsided and, embarrassed the Federal Reserve. The Fed had used billions of dollars in taxpayer funds to bail out Wall Street fat cats. Everyone blamed the Fed.
Just before 9 a.m., the door to the chairman’s office opened. Federal Re- serve Chairman Ben Bernanke took his place in an armchair at the center of a massive oval table. The members of the FOMC found their designated places around the table; aides sat in chairs or couches against the wall. With staff, the room contained fifty or sixty people, far more than normal for this momentous occasion.
In front of each FOMC member was a microphone to record their words for posterity. To a casual observer, the content of their conversation would be obscured by economic jargon.
This day, their essential task was to vote on whether to take the “fed funds” rate—the interest rate at which banks lent money to each other in the overnight market—to the zero bound. The history-making low rate would ripple throughout the economy, affecting the price to borrow for businesses and consumers alike.
Bernanke was calm but insistent. His lifetime of study of the Great Depression indicated this was the only way. His sheer depth of knowledge about the Fed’s mishandling of that tragic period was undoubtedly intimidating.
By the end of the meeting, the vote was unanimous. The FOMC officially adopted a zero-interest-rate policy in the hopes that companies teetering on the brink of insolvency would keep the lights on, keep employees on their payrolls, and keep consumers spending. It would even pay banks interest on deposits.
Free cash. We’ll even pay you to take it!
As they gathered their belongings, everyone shook hands, all very collegial despite the sometimes vigorous discussion. They journeyed back to their nice homes in the toniest neighborhoods of America’s richest cities: New York, Boston, Philadelphia, Chicago, Dallas, San Francisco, Washington, DC.
They returned to their lofty perches, some at the Eccles Building, others to the executive floors of Federal Reserve District Bank buildings, safely cushioned from the decision they had just made. Most of them were wealthy or had hefty defined benefit pensions. Their investments were socked away in blind trusts. They would feel no pain in their ivory towers.
It took a few months, but the Fed’s mouth-to-mouth resuscitation brought gasping investment banks and hedge funds and giant corporations back to life. Wall Street rejoiced.
But the Fed’s academic models never addressed one basic question: What happens to everyone else?
In the decade following that fateful day, everyday Americans began to suffer the aftereffects of the Fed’s decision. By 2016, the interest rate still sat at the zero bound and the Fed’s balance sheet had ballooned to $4.5 trillion, thanks to the Fed’s “quantitative easing” (QE), the label given its continuing purchases of Treasuries and mortgage-backed securities.
To what end? All around are signs of an economy frozen in motion thanks to the Fed’s bizarre manipulations of monetary policy, all intended to keep the economy afloat.
The direct damage inflicted on our citizenry begins with our youngest minds and scales up to every living generation in our country’s midst.”