MUST WATCH VIDEO: How The Fed Is Purposely Destroying The Economy

With the Fed decision not to raise interest rates, it reveals that the U.S. economy is much weaker than expected.  Regardless, the Fed’s policies are not really meant to aid the public or economy, rather they are designed to support the big banks.  According to the information in this MUST WATCH VIDEO, the Fed is purposely destroying the U.S. Economy.

I recommend everyone to watch this video… even twice.  I have watched it three times and learned something each time.

Here is the description by Best Evidence, who created the video:

Published on Sep 14, 2015

While the world breathlessly awaits the outcome of this week’s FOMC meeting—will the Federal Reserve raise interest rates or won’t it?—one thing is clear regardless: the Fed is driving the U.S. into a 2nd depression in order to carry out its one and only remit now that America’s ability to produce real jobs has been reduced to ash, namely, propping up criminal banks with multi-trillion-dollar giveaways.

What’s so disturbing about the fatal path that the Fed has been on for 7 years is that it’s one the Fed went down before, when—by its own admission—it extended and deepened the Great Depression in the late 1930s with a foolhardy policy that jacked up total reserves and destroyed bank lending. In the words of Janet Yellen, “[t]he economy plunged back into depression.” (6/23/09 tr. at p. 175)

That’s curious, because exactly the same dynamic is at work now, as total reserves have skyrocketed since 2008 in perfect dollar-for-dollar tandem with a plunge in lending. The effect on the birth- and death rates of new and existing businesses, respectively, has been catastrophic.

And what has propelled total reserve balances into the stratosphere? Why, it’s the Fed’s fateful decision to pay banks interest for holding money with the Fed–money provided by none other than the Fed itself when it printed $1.73 trillion and handed it to the bustout banks in exchange for worthless mortgage-backed securities. The Fed pulled nearly exactly the same stunt in 1936-37 when it suddenly required banks to maintain higher reserves at the Fed. In both cases, the Fed’s diversion of monies away from the economy proved disastrous. It remains to be seen whether the Fed will need another world war to cover up its ruinous acts.

BestEvidence’s newest film, “They Come from Planet Klepto,” undertakes an intensive examination of the transcript and exhibits from the Fed’s June 2009 FOMC meeting held during the first few critical months of the most ambitious monetary experiment of all time, which the Fed falsely swore was temporary in nature.

As it turns out, the Federal Reserve never intended to unwind the radical balance sheet expansion it began 7 years ago at all, as one of the central purposes of the Fed programs—aside from enabling broke banks to erect an illusion of solvency big enough to justify bonuses—was to cover up the very Wall Street crimes that caused the meltdown of 2008 in the first place.

“Planet Klepto” distinguishes itself from many other worthy efforts along the same lines in its granular treatment of untrammeled criminality driving Federal Reserve policy by lavishing attention on the Fed’s own words, charts, documents, projections, speeches, papers, spreadsheets and data.

Viewers are urged to consider the implications of the Federal Reserve’s proven willingness to prop up, at all costs, the criminal banks controlling it. If criminal giveaways aren’t out of bounds, what’s to stop takeaways when the next meltdown hits?

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23 Comments on "MUST WATCH VIDEO: How The Fed Is Purposely Destroying The Economy"

  1. An individual or group, even with a lawsuit and SEVERAL multimillionaires paying for the legal team, wouldn’t be able to do anything about the Fed. Congress technically might but won’t. If they did the executive branch and supreme court would stop it because the owners of the Fed own the politicians and courts.

    So while this may make someone upset or angry, calm down and go shopping for things you don’t need so the economy can be stimulated. After all you have social security and Medicare to depend on in your old age; stop saving money. Still want to save? OK do it in dollars as they are such a proven store of value over time.

  2. You must hang up the banksters.The US- people must wake up.
    The sheeps always choose their own slaughter.

  3. Like that of the Nuremberg Trials there should be a lineup of these banksters , government officials(?) and wall street villains lined up.

    These sly grand larceny big shots will have their day. Many a hard working and honest person will be weakened and snuffed out as a result of the harsh greed and selfishness by these thugs.

    Start with Bernanke and put Jamieeee and Blythe 2nd and third to face their crimes ! The sooner the better !

  4. The video by John Titus is unvarnished truth of the purist kind. Well researched and produced. A first class expose’ of the depth of criminality and corruption contained in the private for profit federal reserve system and in the political system.

    What “should” be and what “is” are two very different things.

    The elites are saying; “Okay. I know you’re pissed off, but what are you going to do about it”?

    The theft is blatantly in your face, for all to see who want to look. Watch the video.

    • Here’s a start – copy and paste this wake up call to as many people out there as you possibly can. Knowledge is power. Do your part.

  5. CFO point of view | September 18, 2015 at 10:47 am |

    Maybe I dont understand something well enough, but from what I see:

    1) FED printed $4T and used this additional base money to purchase worthless assets from illiquid financial enterprices like banks or insurance companies (TBTF) to keep them affloat, and avoid total colapse of financial system;
    2) To somewhat reduce impact of printing money (diluting base money) they encouraged banks to park similar amount of credit money in the FED, paying small interest on this money to the banks
    3) If the FED wouldn’t do so, we would have already seen stagflation with price inflation in double digits of percents, so as I see it FED is not preventing economy from rising by preventing banks from borrowing, they are trying to decrease the effect pf printing money, which they did to keep the system functioning

    That’s why while accusing FED of bailing out TBTF enterprises by dilluting base money, I don’t see the place to accuse them for purposely destroying the economy on facts from this film.

  6. Printing money to keep the system functioning? When you need to print money, the system is already dead. Exponential growth to serve debt and intrest payments is doomed to fail, especially when you add some politics and a private run institution disguised as a ‘Federal’ Reserve Bank.

    Central banks are on top of the matrix foodchain; until the cancer patient pukes out his guts and dies in a horrible way. Fake growth, fake wealth, fake buying power, fake labor statistics, fake GDP. Illusionary paper promises on a finite planet with 7 billion people is a dangerous game. Know your enemy.

    • CFO point of view | September 18, 2015 at 12:34 pm |

      I am not an appologist of FED or keynesian monetary theories, I am fully aware that printing money solves nothing and in long term it’s destructive. But in short term it helped keep insolvent and not liquid enough banking system alive. I know my enemy very well so I stick to the metals, but I like to understand whole picture as it is, not as someone paints it.

  7. “Maybe I dont understand something well enough, but from what I see:

    1) FED printed $4T and used this additional base money to purchase worthless assets from illiquid financial enterprices like banks or insurance companies (TBTF) to keep them affloat, and avoid total colapse of financial system;…”

    The loans on homes, boats, land, etc. that they bought were bad loans, the houses and property etc. however are tangible assets, not worthless assets that they now own. Just a few steps and some time to foreclosure. Create “money” out of thin air and end up with tangible assets. Very well publicized in Greece right now.

    Digitally create currency out of thin air, loan out the digits, and take ownership of the tangible assets they default on.

    • CFO point of view | September 18, 2015 at 12:46 pm |

      For sure there was some wealth in MBS at the end of the chain, and in the grand scheme of things it is that the most wealthy become the owners of real assets, while public rests with debts and liabilities. But FED was accused in this film for purposely destroying The economy, which thesis is not proven in this film, moreover if FED wouldn’t encourage banks to park few trillions of credit money on deposits in FED, there would have to be double digits inflation caused by base money dillution…

      • CFO …Time will tell as to whether the Fed has painted themselves into a corner , or not.
        By many indications that this video describes , the reserve took an opposite course then what was stated by the Fed/Bernanke in 2009. What is now in the trillions has to have an effect on the middleclass’s assets as well as many money instruments throughout the world in the form of bonds ,derivatives ,hedgemoney ,commodity trades ,etc.. Sustainability cannot be held to a healthy balance under such extreme measures. All for the glory of greed , because after all the Fed is a private company with stockholders. Who do you really think are having their hides saved in all of this? TBTF perhaps ?
        you wrote “FED printed $4T and used this additional base money to purchase worthless assets from illiquid financial enterprices like banks or insurance companies (TBTF) to keep them affloat, and avoid total colapse of financial system;”
        Me thinks that it wouldn’t have been such a bad thing if the system collapsed back in 2009. Heaven knows that a collapse today will be devastating in multiples all for the glory of the TBTF ! Betcha they havetheir far away villas in order ~ heh CFO ?

        • CFO point of view | September 18, 2015 at 4:12 pm |

          One more time – I trully hate bankers sindicate with FED at the front (I’m from Central Europe, so fortunately I am far way from USA), I hate that instead having freedom and capitalism all over western civilization, we have to deal with crony capitalism, socialism and fascism in many ways. I hate that a group of awfully rich people want to be more awfully reach while many others suffer.
          But aside from all of this I love to keep clear picture and real picture in my head. Yes FED bailed out TBTF Banks diluting base money, what in the future will be very important issue in coming hiperinflation in USA – although I think, that it doesn’t really matter if the reset would be in 2009 or if it will be in 2016. It’s already too late to make it in ordered fashion, maybe in 2001 it would be possible to make it orderly.
          But to keep clear and real picture in my head means that if I see thesis about how FED is destroying economy by paying interest to banks for keeping reserves in FED, I have to disagree. IMO its just painting false picture to the people, and I don’t like it, untill someone will point out to me that I’m wrong about it, that I misunderstand something.

          • CFO ,
            Didn’t mean to come across too brazen …just wasn’t sure whether or not you we’re a troll .
            Have you seen Michael Maloney’s videos on the Federal Reserve. It’s very imformative. There’s a multiple part series to his money report overall. I believe that it is # 4 about the Federal Reserve , but I’m not sure. He’s under Gold /Silver report.

          • CFO point of view | September 18, 2015 at 11:35 pm |

            I saw most probably all films of MM – it all started for me from him, and I have great respect for him.
            But there is one issue MM has got wrong IMO, and it is excactly the role of FED.
            MM as many many others says that there is interest to be paid on debt in FED by Treasury – and this is ok. And then he forgets or doesn’t want to add that FED is forced by law to give back to the treasury all the net result for each year, so the higher the interests are on this debt, the higher net result FED has and higher amount of money goes back to treasury. It’s one another place where PMs community gets it wrong, there are only few that I see, who doesn’t paint a picture in this case, for example belangp:
            https://www.youtube.com/watch?v=j9yKkgbJi-8&index=24&list=PLRruihFm5Xp_df_NUZ_0Cfrd1vG52DwqS
            I encourage you to watch this video very much, in it you will find the discussed topic explained. Moreover I encourage you to watch all ca. 150 films of belangp. It is worth your time, I can assure you.

          • I’ll check it out. Have you ever considered contacting MM about your additional excercise between the Fed and the Treasury ? His response would be interesting , I’m sure.

          • CFO , here is an updated definition about the raising of interest rates by the Fed….or the lack there of : http://usawatchdog.com/fed-not-raising-interest-rates-cnn-big-loser-in-gop-debate-gop-and-dnc-fear-trump/

          • CFO point of view | September 19, 2015 at 3:00 pm |

            I newer thought about it, as very rarely I even do comment any articles or films. But in this case what I saw was so inconsistent with the picture I have in my had, that I couldn’t not make any comments.
            But your idea to ask MM about his opinion on this topic of return of net result from FED to Treasury seems very good indead, and I think I will try.

  8. Is it possible that some people don’t understand the money system?Debts are only one side of the coin.
    When you print so much money the other side must have the money.The question is the distribution of the money.

    In the USA they make a parallel world and a special elite lives from this debst.But somebody must work for this.The time is over now.The mass cannot longer earn this debts.This is a typical scenario when a debt base money system find his end.

    The USA had many years ago a good economy.They make maschines and products.But more and more they drifted into a system which created money via the financial system.

    You see same things in germany.The taxes you had to pay for work is nearly 40% when you had a high income.

    For stocks you had to pay 25% taxes.You see the direction.Capital is more worth then work.
    This is not possible.The second effect is demand will not be generated when only a low number of people had 10% from all money.But this is the effect.The money which is injected in the financial system find always his way to the rich people.

    In germany we say:”The devil shit always at the biggest heap”.

  9. Sorry I mean 90% instead 10% of the money.

  10. Well, in a certain way, you answered your own question.

    A little adjustment; replace “in short term” by “since 1971” and we agree.

    • That was an answer to cfo. I disable javascript every now and then, replies don’t work that way, sorry bout that.

  11. CFO point of view says:
    September 18, 2015 at 11:35 pm

    Again that is one side of the coin.The FED pays money back to the government.That is true.
    But in total, the system makes the rich one richer.At the end counts the result.

    Look to the money distribution in the USA.It’s a total catastrophe.Your obama and the rest of the gang are puppets.
    All servants of the highfinancel system.I’am not authorized to say which one, because I’am a german.

    Read the book about the fed.

    Griffin, G. Edward; Shurtleff, Howard (1994). The Creature from Jekyll Island: A Second Look at the Federal Reserve (Videotape). John Birch Society. OCLC 36245861.

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