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February 4, 2018 | Questions our FED does not Answer!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

Jerome Powell Wiki

Our Federal Reserve System was created in 1910 – 1913 and the very beginnings of this institution are not revealed to the public. Why was there a secret meeting (1910) to discuss and formulate this institution. Who was behind this chicanery from day one? Could secrecy and hidden decision-making be important to those who set up this institution from day one? Could the new Chairman of our Fed, Mr. Jerome Powell, reveal his version of the beginnings of this institution called the U.S. Federal Reserve Banking System? Some additional questions which the American people might desire answers to are:

  1. Why does the Fed receive NO appropriation for its operations. The Fed spends billions and creates trillions and yet this institution receives NO appropriation from the public treasury. Why? What does this suggest/imply? All the other Federal agencies and departments receive an appropriation for their operations. But not the Fed! Why…and is this part of the design of the Fed from its origin?
  2. Why has the Fed recently adopted a money unit which is ‘digital’ in nature? Digital units are derived from a policymaker’s thinking and not from nature (as all prior units of money). Why have paper notes and metal coins been reduced to the margin (now less than 5% of all monetary transactions) whereas ‘digital’ money units have become ubiquitous (95%)? Is there a reason for this transition to digital which most Americans are totally unaware of. What is the Fed’s explanation for this change?
  3. Why has the Fed not sought a new legal tender status for its ‘digital’ money creations? Most money units are now ‘digital’. The last legal tender provisions reveal that only paper notes and metal coins (printed and minted by official Federal Agencies) should be viewed as ‘legal tender’. Why have not these ‘digital’ units been approved (officially) as our legal tender (by our courts) for all debts (public and private)? Who was behind this transition policy to ‘digital’ money?
  4. Section 13(3) of the Federal Reserve Act was made official after the 2008 financial crisis. Who was behind this change in the legal status of Fed operations? The article called 13(3) provided the legality for all the QE (quantitative easing) and the many new loan facilities…a form of official counterfeiting occurred as a result of these decisions. Isn’t QE essentially a form of ‘official’ counterfeiting?
  5. Who was behind this change to ‘digital’ money units (which individuals)? This change should be viewed as illegal as it allows ‘official’ counterfeiting of America’s money units without any voter approval. Digital QE is a form of official counterfeiting when understood.  The Balance Sheet of the Fed was increased from some $850 billion (2008) to over $4.5 trillion (today) using new legal loopholes within the Federal Reserve Act. Who were behind these changes (the individuals)?
  6. The definition of the word ‘money’ is extremely important for American citizens to understand. What should be America’s official money given its history and its Constitution. Does our Constitution allow a Central Bank to create money from their ‘thinking’ (mere units of consciousness)? Digital money derives from the thinking of select policymakers. What definition of money is Constitutional and lawful? What definition does the Fed use to justify their operations?
  7. Finally, the Fed now has traders who trade all our global cyber/electronic markets. When was the decision made to add a trader facility to invest Fed cash flows in our domestic and global electronic markets? What is the role and purpose of the Fed trading facility (called the Markets Group) which operates at the New York Fed building, 33 Liberty Street, N.Y.? What do they trade? What markets do they trade? Does Fed trading within our markets create distortions, rigging, and market manipulation?

 

Our Federal Reserve is not understood by most Americans because its history and its real-time operations are mostly secret and hidden. This lack of transparency and openness has resulted in much distrust of this institution and its operations. Few Americans can discern what this institution does in real-time and what tools are used to implement policy decisions. The new Chairman of the Fed as of February 2, 2018, is Jerome Powell (who replaced Ms. Janet Yellen). Is it possible to open up this institution to public scrutiny so all Americans (including myself) can fully comprehend this hidden institution? Pass this on to Mr. Jerome Powell for his consideration. I am: https://kingdomecon.wordpress.com.

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February 4th, 2018

Posted In: Kingdom Economics

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