Really, it’s not a big deal. It’s a very unique legal creation that allows private parties complete control of the monetary policy so they can game it for their own personal profit under the banner of “Federal” agency, for their protection and legally created protections from public oversight. What is so hard to understand?
That whole Fed page is a bunch of double speak. Congress gave us power,,,but cant look at what we are doing. We are non-profit but we skim 6%. bla bla bla
The funniest part is the non-profit part. I’m sure it is “legally” non-profit. But *legal* means shit to professional gamers with all the money and lawyers in the world.
Aside from all the benevolent wording an equally accurate statement would be is, it’s a privately *controlled* entity for the benefit of the controllers. Legal terms such as “ownership” and “profit” obfuscate the true nature of it.
It’s a skimming operation for the cool club under the auspice of providing stability, which probably had some truth at some point. In their job description is to protect from asset bubbles. Bwaahaaa!
Our world is governed on a highly centralized basis that networks into every industry (or so-called “cartels”) and every place—whether country, region or local area. This system is not new—it has evolved organically for centuries within “the central banking-warfare model.” Much of its evolution has organized around intergenerational pools of capital, the growth of which reflect the fundamentals of economic and military warfare as they determine command of intelligence, technology, populations, natural resources and trade routes.
The banking entity and intelligence agencies represent the “central nervous system” of the american empire. Which is directly connected to the military-industrial complex, energy and of course, media. Our political system is just the suit that it wears. Which works out nicely for directing public anger. And, yes, the NY fed is the head of the beast.
Our political system really is irrelevant as is what private entities have their greasy little, power-hungry hands on the levers of control. It’s the mechanism that is important to understand.
Of course, attempting Global hegemonic rule is not something new. It’s been going on since Sumer. What makes this time in history interesting is we get to witness the breakdown of the latest attempt. The final empire. With the speed of information transfer should be about 100 times faster than prior empires.
During medieval times Kings would have a court astronomers *advise* on governance. Bernake is kind of like the court astronomers of the past. Equally as worthless. The probability that Obama had any decision making power over his appointment is low but he will take the blame as tshtf. I’m looking forward to the spin.
Looking at futures it appears that the brown fecal matter is making it’s way towards the propellor.
