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Getting rid of Fractional Reserve Banking at the Federal Reserve.
1/6/25 MicroStrategy acquires 1,070 #Bitcoin, boosting holdings to $44.5 billion. Imagine what will happen 21st January. #Bitcoin balance on exchanges hits an all time low. Supply shock incoming.
1/6/25 BTC $101,920 1:18 PM So far Bitcoin is up over +3,760. in one day.
ENJOY!
THE FED’S DEBANKER-IN-CHIEF IS OUT!
January 06, 2025
Federal Reserve Board announces Michael S. Barr will step down from his position as Federal Reserve Board Vice Chair for Supervision, effective February 28, 2025, and will continue to serve as governor
Michael Barr, the last remaining Biden/Warren appointee who architected #OperationChokePoint2.0 at a federal financial agency, will resign as vice chair for supervision in February.
BANKING FOR THE 21ST CENTURY IS DIGITAL INTERNET MONEY
SMART MONEY KNOWS THIS SO DON’T BE DUMB MONEY!!
MAX KEISER: Bitcoin isn’t a bubble – it’s the pin that pops the fiat Ponzi scheme ‼️
RE: FEDERAL RESERVE
“No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time.” ~ Article I, Section 9, Clause 7, U.S. Constitution
1997 $21 Trillion dollars is missing from the U.S. government. That is $65,000 per person—as much as the national debt!
https://missingmoney.solari.com/
The Solari Report has been covering the missing money since 2000 when Catherine Austin Fitts began to to warn Americans and global investors about mortgage fraud at the U.S. Department of Housing and Development (HUD), and the engineering of the housing bubble that led to trillions more dollars in bailouts and funds missing from the U.S. government starting in fiscal 1998.
Catherine Austin Fitts What’s going on? Where is the money? How could this happen? How much has really gone missing? What would happen if a corporation failed to pass an audit like this? Or a taxpayer? This means the Fed and their member banks are transacting government money outside the law. So are the corporate contractors that run the payment systems. So are the Wall Street firms who are selling government securities without full disclosure. Would your banks continue to handle your bank account if you behaved like this? Would your investors continue to buy your securities if you behaved like this? Would your accountant be silent? This is the reason that there is such a strong push to change or tear up the US Constitution. This is why members of the establishment say it is “old,” “outdated!” This is why there is such a push for gun control. Don’t buy it! We can use the Constitution to get our money and our government back. It is time to enforce the US Constitution.
$21 Trillion dollars is missing from the U.S. government. That is $65,000 per person—as much as the national debt!
FAMILY DYNESTY Bush had been head of the CIA so he was the first Deep State president. Look at the bureaucracies that implement the wishes of inter-generational investors. One bureaucracy that has been the most integral to the “real wishes” of the Deep State is The CIA who is the real enforcer.
Harvard the 380-year old school, which has educated U.S. presidents, world leaders and Wall Street financiers endowment returned 5.8 percent during the fiscal year ended on June 30 2015, while Yale gained 11.5 percent.
1913-1914 “The Opposition to the Federal Reserve Bank Bill” is an article from Proceedings of the Academy of Political Science in the City of New York, Volume 4.
Articles 1913 – 1914 JSTOR Early Journal Content, Proceedings of the Academy of Political Science in the City of New York
Article The Opposition to the Federal Reserve Bank Bill by Glass, Carter Publication date 1913-10-01
Publisher Proceedings of the Academy of Political Science in the City of New York
Article 1993 Fort Knox Vaults Harbor Millions In Opium, Morphine — Stockpile Held For Emergencies By Gardiner Harris Louisville (Ky.) Courier Journal
The glittering vaults of gold at Fort Knox and West Point, N.Y., harbor a deep secret: enough black opium and white morphine to satisfy the legal needs of the entire nation for a year.
Since 1955 the drugs have been part of the nation’s strategic reserves and were intended to tide the country over if foreign opium supplies were cut off in an emergency.
Video Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.
2014 Federal Reserve, Not Free Market, Caused Crisis says “Money for Nothing” Filmmaker Jim Bruce
“Strip private banks of their power to create money”: Financial Times’ Martin Wolf endorses Positive Money’s proposals for reform
Wolf highlights the fact that the ability of banks to create money requires governments and taxpayers to underwrite the banking system: “Banking is therefore not a normal market activity, because it provides two linked public goods: money and the payments network. On one side of banks’ balance sheets lie risky assets; on the other lie liabilities the public thinks safe. This is why central banks act as lenders of last resort and governments provide deposit insurance and equity injections. It is also why banking is heavily regulated. Yet credit cycles are still hugely destabilizing.” “What is to be done? A minimum response would leave this industry largely as it is but both tighten regulation and insist that a bigger proportion of the balance sheet be financed with equity or credibly loss-absorbing deb
Video Money for Nothing: Inside the Federal Reserve is an independent feature-length American documentary about the Federal Reserve written and directed by Jim Bruce, and narrated by Liev Schreiber. It examines 100 years of the Federal Reserve’s history, and discusses its actions and repercussions the US economy leading to the late-2000s financial crisis. Bruce believes “a more fully and accurately informed public will promote greater accountability and more effective policies from our central bank”. The film features interviews with Paul Volcker and Janet Yellen as well as current and former Federal Reserve officials, top economists, financial historians, famous investors, and traders who provide insight on the Federal Reserve System.
@dotkrueger
“The entire idea of fractional reserve banking needs to die. Banks exist for one purpose only — as a safe place to store money. The idea of lending out that money is a subterfuge created by bankers to provide them a business model.” Long video on the History of Money, as seen by a Bitcoiner. Part 1. Goes up until 1877. https://www.youtube.com/watch?v=L89w3MGK9aQ
Think of a world where essentially the greatest power lies in the intergenerational pools of capital – it’s family capital whether you call it monarchy or aristocracy – a lot of it hides behind – if you look at the Vatican model for example think of it 2000 years of no taxes, diplomatic immunity and the magic of compound interest !!!
Jan 5, 2025
I cover:
The Medici banking dynasty
The rise of Spain, and discovery of Gold and Silver in Americas
The invention of paper money in Massachusetts
The start of the Bank of England
The printing of “Continentals” to finance the American Revolution
The printing of “Assignats” to finance the French Revolution
Wildcat Banking in the US
The printing of “Greenbacks” during the Civil War
The first growth industry: Railroads.
THE FIGHT FOR CONTROL OF THE WORLD’S WEALTH IS BETWEEN MERCHANTS AND ROYALTY
The very essence of the banking system. To make us all slaves to debt.
The name – Lombard – is a member of a Germanic people who invaded northern Italy in the 6th century, It is also a noun for money lender or banker; — so called because the business of banking was first carried on in London by Lombards.
The primary basis for Venetian opulence was slavery. This slavery was practiced as a matter of course against Saracens, Mongols, Turks, and other non-Christians. In addition, it is conclusively documented that it was a matter of standard Venetian practice to sell Christians into slavery. This included Italians and Greeks, who were most highly valued as galley slaves. It included Germans and Russians, the latter being shipped in from Tana, the Venetian outpost at the mouth of the Don, in the farthest corner of the Sea of Azov. At a later time, black Africans were added to the list and rapidly became a fad among the nobility of the republic.
100 – 1463 1381 The Start of the Middle Class
Supply and Demand. When the plague killed off so many “serfs” in 1381, it gave the ones who were left around the power to negotiate with the 1%, the Lord of the Manor. The peasants revolted against serfdom and bondage. They used their collective power to demand a proper wage and the right to farm which created the Middle Class – – the 99%.
1462 Mount of Piety
A mount of piety was an institutional pawnbroker run as a charity in Europe from the later Middle Ages times to the 20th century. The purpose of the Monte di Pietà was to combat usury.
The people in need would then be able to come to the Monte di Pietà and give an item of value in exchange for a monetary loan. The term of the loan would last the course of a year and would only be worth about two-thirds of the borrower’s item value. A pre-determined interest rate would be applied to the loan and these profits were used to pay the expenses of operating the Monte di Pietà.
@todayininfosec
1982: The final draft of the script for WarGames was printed. In the movie, teen hacker David Lightman wardialed a NORAD computer, guessed a weak password, and nearly triggered World War III. After President Reagan watched the movie it led him to issue Directive NSDD-145.
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