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12/02/2024 - Moses says in Deuteronomy 24:19, 19 When you reap your harvest in your field and have forgotten a... Read More
12/01/2024 - The FFI Issue for December, Joel: Prophet of the Day of the Lord, Part 1, is now live for online v... Read More
11/30/2024 - Yesterday and today were watch dates. November 29, 1947 the United Nations passed Resolution 181 d... Read More
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View Full Tract ListYahoo News published an article on March 27 warning everyone that President Trump has now become the de facto chairman of the Federal Reserve. Obviously, they are hoping to alarm us about this, but in doing so, they show that the Fed has been taken over by the Treasury Department, which in turn is headed by the president.
I believe that this is a constitutional arrangement. An independent Fed was never constitutional. A change of control from the unelected bankers to the elected president means a return to the Constitution, although not to the original order before the existence of a Central Bank. The Constitution gives congress the power to coin money and regulate its value.
The problem in the past is that many banks created their own currency, and they usually created more than they could back with their stock of gold and silver. As the country grew, it became apparent that we needed a Central Bank, but that it should have been part of the Treasury. When that did not happen, powerful bankers seized this power for themselves.
It appears today that their control is now ending and that the Fed is merging into the Treasury.
https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html
In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades.
This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
Meanwhile, the acute shortage of silver and gold is causing panic among potential buyers who are unable to buy what they want. In spite of this, the spot price remains suppressed, when it ought to be going through the roof now. That shows deliberate price manipulation/suppression.
https://www.zerohedge.com/news/2020-03-31/cme-opens-pandoras-box-craig-hemke
With mines, mints, and refineries closed around the world due to coronavirus, the demand for physical gold has blown through the roof. This has led to some drastic measures by the CME Group, which in turn may have unwittingly sealed the fate of the COMEX and the entire fractional reserve and digital derivative pricing scheme.
This latest crisis began last Tuesday, when the spot market for gold appeared to seize up as the futures price roared ahead following the announcement of formalized QE∞ by the U.S. Federal Reserve. The event has been chronicled by many analysts and experts, with even Reuters and Bloomberg joining in the reporting.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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