Sep 19, 2019
The DOJ’s indictment of key bankers in JPMorgan appears to be just the start of a general takedown of the criminal banking system that has functioned with immunity for a century. The DOJ has announced that it is broadening its probe, which means that other large banks will find it hard to escape the hammer that is coming. Virtually all of the larger banks have been involved in the manipulation of precious metals over the years.
In fact, the CFTC and the Fed were both supposed to be overseeing those banks, so their directors too should face scrutiny for bribery or for negligence.
In my view this is the start of something much larger in the war behind the scenes. The Fed began to raise interest rates when Trump came into office. I learned decades ago that the Fed was not really acting in the best interests of the country but manipulated the economy through interest rates. First they lowered rates to induce more people to get mortgages, and then they raised them in order to “harvest” properties.
The Fed had been established supposedly to end market collapses and inflation, but after a century, it is clear that they did no such thing. Their object was to gradually transfer all wealth and property to the bankers themselves, making the rich richer and the poor poorer.
The wisdom of God thus forbids interest on loans. Loans ought to be based on love for one’s neighbor, not the exploitation of his labor. The problem is made worse when banks received the authority to create money out of nothing and loan it to the government and the people with interest. The money supply should be determined by elected government officials, not independent bankers at the Fed who operate under self-interest (pun intended).
If the financial system were run by honest men who had the country’s best interests in mind, I doubt that we would have those “natural business cycles.” Business is good when interest rates are low, and when the Fed begins to raise rates, the economy begins to contract. They always raise the rates far enough to create a recession and then, after they have foreclosed on thousands of mortgages, they raise the rates again so that prices go up on their newly acquired properties.
It is clear that America was taken over in a captivity to Mystery Babylon when the Federal Reserve Act was passed in December 1913. But as I have shown many times elsewhere, the time of our captivity has now ended (2014-2017). President Trump has now had time to consolidate power, though opposed fiercely by the Babylonian Deep State.
Trump has been in a war of words with the Fed since he took office. Most of this is just for optics, on account of the media’s opposition, because Trump appointed Fed chairman Powell with the understanding that they would appear to “fight” each other. Trump has been very critical of the Fed’s policy, stating often that they had raised rates too high and ought to bring them down. This way, if the markets collapse, Trump can blame the Fed for not listening to him, whereas the Deep State had planned to crash the economy by raising interest rates and then blame Trump’s tariffs as the supposed problem. Trump neutralized their plan by making it clear that if the markets collapsed, it was the fault of the Fed’s high interest rates.
Secondly, if the economy continues to do well, Trump gets the credit for causing this to happen on account of his economic policies. It is a win-win situation for Trump.
It appears that the Trump plan was to consolidate power in the first four years and then bring down the Fed after the 2020 election. He then intends to replace the current (Babylonian) system with something new, perhaps a gold-backed monetary system, and to nationalize the Fed. The independence of the Fed needs to end, because “independence” is their cover for exercising sovereignty over America through the rule of the wealthy international banking families who own the Fed.
In other words, the Babylonians will lose power, and the captivity will end fully, when the Fed loses its independence and its right to create money out of nothing. That is the key to this entire captivity that we and the world have been under.
So that is why we ought to watch what is happening right now. Three nights ago, on the night of September 16, the overnight loans suddenly froze up for the first time since about this time in 2008, when Lehman Brothers collapsed. It is called the “Repo” market. Banks obtain overnight loans at low rates in order to move money around the world to invest during the daytime markets on the other side of the globe.
But on Monday the rates doubled to 5%, and the next night suddenly the interest rate on these overnight loans skyrocketed to 10%. Back in 2008 the markets froze when the rate went to 20% (calculated on a yearly basis).
Tuesday morning the Fed had to pump $53 billion into the markets to solve the problem with promises to inject another $75 billion if necessary. But that figure is still not enough, so there is some panic going on behind the scenes. No one seems to know what is happening or why. That simply means decisions were made on a high level, and the lower level bankers were not informed of those decisions.
So we are now in a very critical time, although most people are unaware of what is going on unless the read the business and financial reports. (Few people read these!) September and October is traditionally the time when markets are roiled. So we need to watch these things and prepare.