BLOG

When will the Fed lose its sovereignty--I mean, independence?

On December 23, 1913, the Federal Reserve Act was passed, while all but five senators were home for Christmas vacation. President Wilson signed it immediately before anyone could object. That is how the powerful bankers took economic control of America and eventually the world. Economic control soon translated into political control.

That proved to be the beginning of America’s captivity to Mystery Babylon. We have now reached the end of our captivity, so we ought to expect the Federal Reserve to lose its grip on power.

The Fed has claimed the right to be “independent” for many decades, claiming that this was necessary. The big bankers, of course, have always claimed to be wiser than political leaders who are merely elected by the people—so wise, in fact, that they have become trillionaires. No, they don’t have trillions in their own name. They are too smart for that, because to own money in your own name would mean you have to pay taxes on it. So they keep it in foundations and trusts, where they merely control the use of the money. Such as buying politicians and armies.

What the Fed means by “independence” is actually sovereignty. The Federal Reserve Act did not actually make the Fed a sovereign entity, nor even “independent.” But the owners of the Fed actually claim to be sovereign.

Over time, their globalist policies have moved the world away from sovereign nations to sovereign corporations. In their world, International Corporations would replace nations altogether. It is just difficult to do this with the consent of the people themselves, who (especially in America) have resisted the shift to globalism.

https://news.yahoo.com/trump-fed-pick-judy-shelton-050833265.html

Trump’s Fed pick Judy Shelton cast doubt on Central Bank independence

Judy Shelton, one of President Donald Trump’s most recent picks for the Federal Reserve board, challenged an article of faith regarding the U.S. central bank in private comments to a bank executive last month: that it should operate free of political influence.

Shelton shared her views on monetary policy and the Fed with Beat Siegenthaler, global macro adviser for UBS Group AG, after speaking at an event on Oct. 18 in Washington on the sidelines of the International Monetary Fund annual meetings.

“I don’t see any reference to independence in the legislation that has defined the role of the Federal Reserve for the United States,” Shelton told Siegenthaler, according to a transcript of the interview….

It is unusual for someone the president intends to nominate for the Fed board to speak publicly before the Senate considers her for the post, and even rarer for a Fed nominee to question the central bank’s independence.