The Federal Reserve Scam, Ending Under Musk? By Charles Taylor (Florida)

The Creature from Jekyll Island by G. Edward Griffin is a classic book detailing how the Federal Reserve on the US was created, with the bankers gathering at Jekyll Island to plot their program, and the Act creating it, giving control of the US money supply to the globalist elite, pushed through the US parliamentary system over Christmas, to reduce scrutiny. However, with the election of Trump the issue of allowing gangster bankers to control a nation's monetary policy has come up for public discussion. Indeed, the issue was raised by Elon Musk, who is leading an efficiency wing of the Trump administration, but many political figures have addressed the federal reserve issue in the past, such as former Texas Republican Ron Paul.

Following Ron Paul, Musk believes that the Federal Reserve must go. The Fed implements monetary policies which are inflationary, and undermine the purchasing power of the community. The Fed likes printing money, as it has a vested self-interest in doing so, as it reaps in interest on the money it creates.

This in indeed a monster as G. Edward Griffin depicted, and Musk slaying this monster, will be epic indeed. He deserves to join St George and other great dragon/monster slayers, in the halls of the heroes, if he succeeds, or even has a go.

https://www.naturalnews.com/2024-11-07-elon-musk-endorses-abolishing-the-federal-reserve.html

"In a post on X, Big Tech billionaire Elon Musk aligned his vision with former Texas Rep. Ron Paul's suggestion to eliminate the Federal Reserve as a pathway to fiscal reform.

Paul, one of the most prominent libertarians in the United States who is known for his calls to end the Fed's control over American monetary policy, posted on the social media platform about this, attaching a video of Musk speaking at Donald Trump's Madison Square Garden rally in New York City. The world's richest man claimed he could slash at least $2 trillion from the federal budget.

"Elon cutting $2 trillion from the budget? Great idea! Start with some of the BIGGEST welfare recipients: - Military-industrial complex - Pharmaceutical-industrial complex. Oh... and End the Fed!" Paul said.

Musk replied on the same thread, saying: "Needs to be done."

The viral post immediately drew significant reactions from Musk's massive following on social media as it echoed the sentiment of many critics who view the Fed's role as perpetuating debt through monetary expansion and interest collection.

Trump previously said in an economic speech that he sees Musk heading a government efficiency commission that would audit U.S. government agencies.

"I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the federal government and making recommendations for drastic reforms," Trump said.

According to Musk, this commission would aim to examine how agencies are spending money, and eliminate "unsensible" spending.

"I think it would be great to just have a government efficiency commission that takes a look at these things and just ensures that the taxpayer money, the taxpayers' hard-earned money is spent in a good way. I'd be happy to help out on such a commission," Musk said during an interview when he first pitched the idea to Trump.

Meanwhile, Paul argued that the central bank functions as a private institution. Its monetary policies, he said, contribute to inflation and undermine the purchasing power of ordinary Americans. He also pointed out how the Fed has the authority to print U.S. currency as he contended it only operates for profit, earning interest on money it creates.

Trump has also proposed dismantling federal institutions like the Internal Revenue Service and eliminating income tax. Some proponents argue that reducing the size of government would decrease national debt and inflation, bolstering economic stability.

According to mainstream media, Musk is set to collect "return on investment" in no time after Trump's victory.

Musk has donated nearly $119 million to a political action committee he set up to support Trump, according to Federal Election Commission filings.

He also spent the last weeks running a get-out-the-vote effort in the battleground states, which included a daily giveaway of $1 million to voters in those states. The giveaway became the subject of a legal challenge, though a judge later ruled they could go ahead.

"The people of America gave @realDonaldTrump a crystal clear mandate for change tonight," Musk wrote on X as Trump's victory began to appear all but certain. He got to spend election night with Trump at his Mar-a-Lago resort as returns came in.

Trump, on the other hand, spent several minutes praising Musk and recounting the successful landing of a rocket manufactured by Musk's SpaceX in his victory speech at the Palm Beach Convention Center.

Right after counting of votes, investors were already betting that Trump's win would also be a win for Musk's major public holding, Tesla, sending shares of his electric vehicle maker up 13 percent. That lifted the value of the 411 million shares outright by more than $13 billion, which works out to a better than an 11,000 percent return on the $119 million he donated to Trump.

Tesla could also reap gains from an administration that Trump has said would be defined by "the lowest regulatory burden."

A BBC report also noted that Musk could benefit from Trump's presidency through his ownership of SpaceX. The company reportedly moved into building spy satellites just as the Department of Defense and American spy agencies appear poised to invest billions into them.

https://www.infowars.com/posts/is-the-fed-public-or-private-its-the-worst-of-both-worlds

"While it was once verboten to imply that the Fed is anywhere near being a private for-profit corporation, and doing so would immediately (and absurdly) cause you to be labeled some kind of whacko conspiracist, even the Fed itself has been forced to admit that it is, at least in part, a cartel of private companies and enjoys an "intermediate" legal status. From the website of the Federal Reserve Bank of St. Louis:

"The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends…Member banks also elect six of the nine members of each Bank's board of directors."

So when, and how, did the Overton Window shift enough that the Fed was forced to admit to being a corporate partnership with direct and significant influence over the public? Ron Paul fought that battle for decades, slowly chipping away at the central bank orthodoxy and changing the acceptability of the notion that the Fed is a private institution. Rand Paul carried that torch forward with his Audit the Fed bill (with credit to Bernie Sanders for supporting some versions of Fed audits as well). These efforts helped reveal in full form that the Fed is an institution ruled, by design, by conflict of interest. For example, it uncovered that Jamie Dimon sat on the Fed Board of Governors as JP Morgan bank received $390 billion from the central bank, all as JP Morgan operated as a clearinghouse for Federal Reserve emergency lending programs.

Later, Fed regional presidents Robert Kaplan and Eric Rosengren were revealed to have been trading millions in stocks, options, and securities as the Fed itself was adding mortgage-backed securities to its balance sheet. Appallingly, their acts were deemed "legal" even as they came under scrutiny, showing that despite the finger wag, their money printer trades were completely legally-sanctioned. The wrongdoing was framed within the context of these scoundrels not reporting their trades, much more so than the morally dubious nature of the trades themselves.

The notion that the Fed is both a government agency (but not like the Treasury) and also a private corporation (but not like JP Morgan) is preposterous, as it insists that the Fed is subject to "congressional oversight" while also remaining "independent" of politics. The reality is, the Fed operates with practically no oversight at all, and is a perverted union of the political system and the private banking industry where industry insiders get to pull the levers on the global economy, give infinite free money to their banker friends, and engineer booms and busts that they can (and do) later profit from, either directly or through proxies.

For example, in the wake of the COVID money-printing bonanza, BlackRock's assets under management ballooned from over $9 trillion in Q1 2022 to $11.5 trillion in 2024, a feat that never would have been possible under a free market system where assets are bought and sold according to natural economic pressures and the King Vampire Squid would have been subjected to higher interest rates and never handed boatloads of QE "stimulus" cash through the Fed purchasing enormous volumes of debt securities. It's no surprise that when these corporatist Cantillionaire parasites get a metaphorical shipping container packed with free, freshly-printed money, they scoop up assets that have turned dirt-cheap from whatever crash the money printing was a response to, and their stock price goes up higher than ever:

BlackRock Stock, 2020 to Present

Meanwhile, American citizens got a $1200 check and an epic run-up in the prices of consumer goods as the purchasing power of their dollars tanked. Even by official numbers, which massively underreport inflation, that $1200 has already eroded down to about $950. But don't tell the Americans who splurged it all on home improvements and impulse purchases, blissfully unaware that the real price of groceries would soon skyrocket by, according to reports from some consumers, well over 200%.

With the Fed forced into a rate-cutting cycle as Trump begins his first term, inflationary pressures will get even worse. Massive spending cuts to reduce budget deficits could offset some of that, but will Trump 2.0 drastically shrink the size of government or, hoping for a boost from the Fed like he has in the past, beg the central bank to print, print, print while its controllers profit from the next round of free money?

The Fed is a private-public hybrid monster set up to provide free money socialism for the corporatists and megabanks, and "you're on your own" capitalism for everyone else. With profits privatized and losses shifted to the public, it's going to take a more radical shift than Trump to change those fundamentals."