Steve Bannon host of War Room addresses the latest headlines such as allegations by former White House aide Cassidy Hutchinson and gearing up for Joe Biden’s impeachment. Bannon warns audiences that none of these battles will matter if the budget crisis is not solved and the GOP does not stand up to trillions in radical spending. Bannon promotes cuts across the board and says that these cuts should have been done months ago. We are facing having to spend $10 trillion over the next 12 months and as War Room previously reported $2 trillion will go towards financing the deficit.
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Shut this all down!!!! The Govt corruption is too far out of control. Our nation’s heroes need to be more vocal. HOLD THE LINE!!!!!!
We are not about to fall into a financial abyss. We set foot on the slippery slope 100 years ago. We are about to hit bottom. The same scheme has been shown to have been used by bankers in numerous European nations centuries ago. They always resulted in civil chaos and poverty. Ref. FATAL EMBRACE,[bankers] AND THE STATE by Benjamin Ginsberg.
In the event someone has the opportunity to question a Federal Reserve representative at a hearing, allow me to propose a few rudimentary queries, with anticipated responses. It is believed they may reveal where $33 Trillion has disappeared over the past one hundred years. Historic posted TreasuryDirect Institutional auction tabulations have been reformatted to obscure the exposed flow of Treasury security auction funds exclusively managed by the FRBNY. Ref. 31 CFR §375.3. The accounts have never been audited; they are client accounts of government money, they are not operational accounts.
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Question: When the government wants to initiate a deficit spending process { between $1-2 trillion annually}, is the procedure initiated by the U.S. Treasury sending a Congressional approved Treasury security to the Federal Reserve Bank of New York City [Bank] ?
Answer: [Yes].
Q: Does the Bank then credit a government account with the value of the received security which the Treasury can, by checks, expend to pay obligations of the government ? [Yes].
Q: And the supplier of goods or services who receives such payment can deposit the check in their account at a commercial bank and withdraw funds in the form of Federal Reserve Notes ? [Yes}. [and that is book-entry fiat money and inflation}
Q: Does the Bank, after crediting the government account, then move the security to the Department of the Bank that is formatting Treasury securities to be auctioned for government money to pay for the redeeming of maturing Treasury securities in the market {>$15 trillion annually}? [Yes].
Q: Is the value of the Deficit Spending security broken into components that are added to the securities being prepared for auction ? [Yes].
Q: Have the results of the auctions been historically tabulated as Redeeming Securities and New Cash and published in TreasuryDirect Institutional auction results ? [Yes]
Q: Does the New Cash listing identify the Deficit Spending component ? [Yes]
Q: Has this auction process of government Deficit Spending totaled $33 Trillion over the past 100 years ? [Yes].
Q: Does the Bank, as fiscal agent of the government, have exclusive control of auction funds and any related operation they wish to claim ? [Yes] Ref. 31 CFR §375.3.
Q: Have the accounts of the above auctioned government marketable funds ever been audited by the GAO or an independent auditor ? [No] {The GAO has standing authority to audit the handling of any government funds. The Bloomberg v Fed case, 2nd Circuit CoA, 2010 declared such records are subject to FOIA.}
Q: What is the disposition of the "New Cash” tabulation listed in TreasuryDirect ?
And this is where the SHTF. The witness will attempt to say the money is used to pay government bills but there is no documentation of the government receiving the funds. The concept would conflict with the first three questions. If it occurred, it would be the same flow of money as a taxpayer paying taxes; i.e., from the market to government. Such a flow would not result in inflation nor would it increase the National Debt. The New Cash can only go to a private entity as profit. One possible entity would be the Federal Reserve Board of Governors, Inc., as a closely held corporation not required to file with the SEC. All profit of the Fed legally belongs to the government.
An audit would eliminate any question as to the destination.
No CR, stop the spending, no more $ for Ukraine, $ only for impeachment proceedings. Close the border, ship all border jumpers back to where the came from.
No blank checks! No money to Ukraine or any other country! Take care of our country & the boarder crisis!
I tried calling the House and the Senate for the last couple of days and each time it doesn’t even ring and just hangs up on me!
Total BS. Republicans wait almost 3 years TO BEGIN an impeachment inquiry. Democrats were impeaching Trump from his very first day in office.
They are Republicrats ….. RINOs ….. almost all of them. Every one that accepted the fraudulent results of the stolen election needs to be removed.
SHUT IT DOWN, CLEAN OUT THE GARBAGE and get our Country back in TRUMP TIME.
Anyone who disagrees, needs to MOVE TO UKRAINE.