A pilot exercise in Federal Reserve Board Social Control of Energy Choices has been announced for 2023. The exercise will begin with climate scenario narratives published by the Fed government-crony.
These ideologues’ narratives will be used by six mega-banks to support the hypothesis that climate-related financial risk exists. These narratives will allow banks to practice the art of deciding who to lend money to and create money for. The Fed creates money by using banks, which are also the instruments that it uses to produce inflation. Banks create almost all of the money created. All that money is lent by the banks.
The Fed will review banks’ “analyses” to “engage” them to increase their control. Publicly-available “insights” may be made public by the Fed, but information that could identify banks or the targets of the Fed’s control and banks’ control will not be published.
This simulation reminds us of Event 201, the October 18th 2019 pandemic. There were several recommendations from the simulation. The simulation revealed that taxpayers should finance and governments should stockpile, control, and monitor vaccines, diagnostics, and therapeutics in the event of a pandemic. Also, governments need to curb misinformation and misinformation. During the 2020-2022 COVID-19 pandemic, governments followed this exact playbook.
The Fed’s 2023 exercise is not innocent or advisory. It’s under Fed control.
Remember that government bureaucrats cannot be fired or hired as consultants. This vulnerability has been exploited by progressives to create permanent bureaucrats that stand in our way and won’t let us go until they and their cronies pay them off.
The administrative state has evolved beyond the formal rulemaking process, issuing guidance that threatens us and sometimes leaving us guessing. Richard Cordray, the first director for the Consumer Financial Protection Bureau, stated that no regulations would be issued by the bureau to define what acts or practices are prohibited under the law. COVID was a period when health bureaucrats created guidelines that were followed by many state and local officials as well as other organizations.
This in-your face coercion makes people pay more attention.
People are beginning to realize that agencies such as the FBI and government-chartered terrorist cartels like the Fed, can be like Chekhov’s gun. Give them this power and they’ll soon use it.
The existence of government monopolies does not necessarily mean that they are useful or necessary. These monopolies only exist because politicians granted favors to special interests. They have not been ended by politicians since then.
There is a solution for the Fed. It is not necessary to manipulate government money. Private banks have produced sound money in the past, supported by 100% reserves. This meant money had to be saved before it could be borrowed. It couldn’t be made from thin air. Private money producers can also do this, creating value-conserving constant-quantity money or productive equity-based money.
Fed socialism must be removed. It will eliminate the bank’s money inflation and destabilizing stimuli that discourage people from saving, and can lead to more severe crises. Unconstitutional fractional reserve — as per the various precious metals standards, and post-1971 money paper money — will be eliminated. This will end the crisis that has plagued the USA in the past.
Massive problems won’t be ignored or brushed aside when the Fed is gone.
The current total government spending is 38% of GDP. This compares to the 4% to 8 % of GNP in 1913 and the American Colonies’ 1% to 2 % of GNP. Future taxpayers will not be able to borrow on their backs. Individuals can be freed by constitutionally backing off and refusing to execute unconstitutional administrative states.
Fed inflation will not stealthily reduce retirement income-support and medical payment purchasing power. Individuals will be further liberated by outgrowing entitlements.
Progressive politicians have imposed government debts on people. They should be removed and taxpayers shouldn’t pay ever-ending interest. Repudiation could and should end this shakedown. Future creditors might then be reluctant to lend more, further restricting the government’s borrowing capabilities.
The government can’t know as much about individuals as they do. Individuals’ best interests are not the same as those of government. Individuals have more control than the government can.
The government operates through force. They don’t create value. The government can take more wealth from us and prevent us creating more.
It is important to act quickly and thoroughly in order to change governments. Get rid of that bully and get yourself up to keep him away.
The Fed cannot fix the climate. The Fed cannot stop government growth or bank lending to troubled cronies. This includes customer-shunned and living-dead zombie businesses. Two Great Inflations and one Great Depression are enough.
We will be able to take better care of our business.