THE ROLE OF THE FED

30 September 2023

Easy to blame the Fed for all the financial and economic woes in America or indeed in the West. The Fed was created in 1913. Woodrow Wilson signed into law, against his better judgement. The two great rival banks, the protestant Goldman Sachs and the Jewish Rothschild, demanded with one voice, and forced him to create a Central Bank to oversee regulate and control the banking system, under threat following a number of crises, especially the crisis of 1907.

So it is clear that the Fed was created to manage the banking and monetary system and when I say "manage", in reality this would inevitably mean distorting the way the market left alone would naturally solve problems. The most recent formulation of its objectives are to control inflation, achieve full and inclusive employment, and fight climate change.

Let me explain why it may be wrong to blame the Fed, as in the links below, for the malaise in which America and Europe and Japan find themselves...

Society splits into an elite and us, the plebs.

The elite consists of those leaders of industry/military/congress who are in power;
those leaders aspiring to be (though with the exact same interests - it's just a game of musical chairs as to who actually finds themselves in government).
And then there's a counter-elite - like Trump.

Look again at this elite - the famous "power elite" that sociologist C. Wright Mills wrote about way back in 1956 - oh, and add in the permanent admin or "deep state". 

This gives us the three branches of government, plus the civil service and we should add in a fourth branch of government: the Federal Reserve, not catered for in the Constitution.

This elite will never relinquish power or wealth without a huge fight, never, but what is their actual function (apart from creating money for themselves)? It is to maintain and evolve the existing system, to their constant advantage. This is governance, but also strategy and is where central planning and programming is performed. 

As I see it, the elite is the central planning function, of which the Fed is the other half of the executive, they manage the national economic portfolio, under instructions.

You can't blame them alone, what they are doing is at the behest of and on behalf of the whole elite. They are after all the elite's banker.

References

https://youtu.be/2ISKbYFaqnk?si=vFsaa0HnGfkxXL9z

https://youtu.be/RBjlWkzdyi8?si=40PpJT2LM-rt-uP9

https://youtu.be/CYIp6rp2rqA?si=hKKYM2C06Q9IjH10