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Federal Reserve needs more power to keep power

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aztecgoldsilver.com

NEW YORK – November 13, 2018

Former Federal Reserve Chairman Ben Bernanke said at a conference at New York University on Friday that the Fed needs to have expanded powers to lend to institutions that are not commercial banks, which is the only industry that the central bank can offer emergency funds to as a “lender of last resort,” according to Yahoo.

If the “central banks” can’t handle the next manufactured “crisis,” bigger and badder than that of 2009, it will mean their owners, IMF and BIS, will have to play a role in “saving the world.”  

Well, isn’t that what these institutions have been working towards since 2010? What has QE been but an attempt to “fix” the economy? 100% failure. Not only has policy rigged the bond market, it has made all the corporate stock buy backs that are now cannibalizing companies possible.

Just these two issues alone are going to implode the economy. If you combine these nightmares with automation, robotics, and AI how can our economy ever grow in the same manner as it did between 1850 and 1950? It can’t. Those days are gone and will never, ever return.

Anyone who has been paying attention knows and understands what the economy is doing, which it has improved, is nothing more than smoke and mirrors. The unemployment rate is a lie, the GDP is a lie, and the stock market is 100% laughable.

Who's to blame for this? Who created this system, and who are all the forces of the system from the collapse, deliberately multiplying the strength and consequences of the economic crisis? And most importantly, who is the main beneficiary of the existing system? To whom does it bring the greatest dividends? Of course it’s the Fed and international bankers.

If you go to the person, it is Bernanke, who is directly responsible for delivering the policies drawn up by his masters. He is now saying that nothing is working and everything is going to fall apart and there is nothing anyone can do about it, unless the “central banks” are given all the power they need.

With the financial crisis now 10 years in the rearview mirror, former Federal Reserve Chairman Ben Bernanke says the U.S. central bank may be ill-equipped to handle the next financial crisis. 

The Fed desperately needs some new tools. Those tools, Bernanke said, need to be extended to cover shadow banks like broker-dealers and other non-bank institutions that could prove systemic in the next financial downturn.

“I fear they are not fully adequate,” Bernanke said of the Fed’s regulatory powers. 

The first question is why are “shadow banks” a thing? What constitutes a “shadow bank” and why are they part of the landscape—so much so that they are going to need to be rescued?—which is exactly what Bernanke is eluding to. What about “non-bank institutions”? Are they private / publicly-traded corporations? Does it mean that socialism is the only answer? If a “non-bank institution” fails, shouldn’t it simply be washed away in a pile of mistakes and bad decisions and not be considered for anything other than bankruptcy and failure?

According to Janet Yellen, the Chairman of the Federal Reserve, these “institutions” should not fail but simply file bankruptcy. Here’s how that’s a benefit to these zombie institutions. They pay one another with the ill-gotten gains and leave the stock holders, investors and depositors holding the bag.

Yellen noted that to replace rescue loans to individual companies, the 2010 law outlines procedures for failing big financial firms to go through bankruptcy proceedings.

You see, if the “too big to jail” banks are allowed to go bankrupt and they have had seven plus years (financial crisis began in 2008) to move assets, liabilities and “pecking order” of who gets paid first in bankruptcy proceedings, potentially leaving the shareholders and depositors at the end of the line – AFTER all their criminal friends have already picked up all the true wealth and assets from the bankruptcy, reports the Daily Coin

The Federal Reserve is nothing more than a wealth transferring mechanism. The tool used to accomplish this goal is the Federal Reserve Note, U.S. dollar. The Federal Reserve is a private corporation that is owned by a handful of too big to jail banks, including JPMorgan, Wells Fargo, HSBC, and several others. The Federal Reserve, as a company, reports to the IMF and BIS which make the policies that are foisted upon billions of people around the world.

With all of this said, it only makes sense that the next engineered financial crime will overwhelm the national banks (central banks) like the Federal Reserve, the Bank of England, and the Peoples Bank of Japan. This will consolidate power at the highest level. The power of the purse is real and the power to control and issue currency is the ultimate evil.

One last note: If you think all this isn’t being engineered, listen to what Ben Bernanke said himself  in 2002:

The Fed also has a habit of raising interest rates at the onset of economic instability or right in the middle of a downturn, as it did in 1928-1929, triggering the Great Depression, and in 1931, adding fuel to the fire of financial catastrophe. These particular catalyzing policy actions are partly what Ben Bernanke was referring to on Nov. 8, 2002, in a speech given at “A Conference to Honor Milton Friedman … On the Occasion of His 90th Birthday”:“In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn.

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again,” writes alt-martket.com.

If you think for a minute these people won’t do it again, look no further than 7 years after Bernanke made this admission, at the 2009 financial crisis. Bernanke is nothing more than an errand boy for the globalist banking cabals and his job is to say what they want him to say when they want it to be said.

The major stock markets around the world are signaling to the citizens that something may be wrong and the IMF and BIS want to be sure their message is one of hope and concern, when they are in fact the reason for our crumbling economy.

Author: USA Really