How the System is Rigged: The Federal Reserve as an Engine of Wealth Extraction

The Federal Reserve, created in 1913, claims to be a stabilizing force in the U.S. economy. However, beneath this mission lies a powerful machine for wealth extraction that consistently benefits financial elites over ordinary Americans. The Fed’s unique public-private structure grants Wall Street banks like JPMorgan Chase and Wells Fargo direct involvement in the Federal Reserve system, allowing them to profit regardless of economic conditions.

Commercial banks holding stock in the 12 regional Federal Reserve Banks receive an annual, risk-free dividend of 6%—a guaranteed payout established by the Federal Reserve Act of 1913 [1]. These dividends and decision-making influence mean banks gain from Fed policies, even as these policies widen wealth gaps and strain the public. Nowhere is this more apparent than at the New York Federal Reserve (NY Fed), the nerve center for Wall Street and the primary force behind Fed market operations. The NY Fed’s actions consistently align with the needs of major banks, reinforcing a system where financial elites profit while average Americans struggle to keep up.

Mechanisms of Wealth Extraction

Here is a breakdown of how the Fed’s actions create a system where policies benefit financial elites at the expense of everyone else.

Quantitative Easing (QE): Inflating Asset Prices for the Wealthy, Leaving Ordinary Americans Behind

Mechanism: Quantitative Easing (QE) allows the Fed to buy government bonds and mortgage-backed securities, pumping liquidity into financial markets. While QE is meant to lower borrowing costs and stimulate the economy, it disproportionately inflates asset prices. As asset values rise, the wealthiest Americans—who own most stocks and real estate—reap the benefits, while average Americans, with few assets, are left behind.

Evidence: During the 2008–2014 QE period, the S&P 500 rose by 140% [2], while the Case-Shiller Home Price Index surged over 30% [3]. Meanwhile, median wage growth only increased by 11% [4]. The top 10% of Americans, who own roughly 89% of all stocks [5], saw their wealth grow significantly, while most Americans saw little improvement in their financial standing.

• Who Benefits: Wealthy investors and corporations with substantial asset holdings. Rising stock prices and home values boost their net worth, securing generational wealth. • Who Loses: Middle- and lower-income Americans, who rely on wages rather than assets for income. Rising home prices make housing unaffordable, and wage stagnation prevents them from catching up.

Low-Interest Rates: Fueling Speculation and Inflating Asset Bubbles

Mechanism: For over a decade, the Fed has maintained historically low-interest rates, intended to stimulate economic growth. While low rates encourage borrowing, they also incentivize high-risk investments and asset speculation, fueling bubbles in stocks and real estate. Ordinary savers, however, earn little to nothing on traditional savings accounts, and when inflation rises, their purchasing power erodes further.

Evidence: Between 2010 and 2020, low rates contributed to a 75% increase in home prices [6]. At the same time, inflation-adjusted savings returns dropped significantly, and median rent increased nearly 45% during this period, making stable housing unattainable for lower-income families [7].

More

https://citizenwatchreport.com/how-the-system-is-rigged-the-federal-reserve-as-an-engine-of-wealth-extraction/

Report: US Gives Israel Until After the US Election To Ease Starving of Palestinians

According to Axios, the Biden admin sent a letter to Israeli leaders calling for steps to be taken within 30 days

The Biden administration has given Israel until after the US presidential election to ease the starving of Palestinian civilians in the Gaza Strip, according to a letter obtained by Axios.

The letter, written by Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin, was sent on Sunday and gave Israel 30 days to allow more aid deliveries into Gaza and take other steps to improve humanitarian conditions.

The letter says that a failure to implement these measures may have “implications for US policy under NSM-20 and relevant US law (weapons supply),” referring to foreign assistance laws that prohibit US military aid to countries blocking aid deliveries.

US government agencies had previously concluded Israel was deliberately blocking aid, but Blinken overrode those concerns to ensure US weapons continued to flow to Israel.

https://news.antiwar.com/2024/10/15/report-us-gives-israel-until-after-the-us-election-to-ease-starving-of-palestinians/

Report: Israel Plans To Strike Iran Before US Presidential Election

Officials told The Washington Post that Netanyahu told Biden he plans to target military sites inside Iran

Israel is planning to launch its expected attack on Iran before the US presidential elections are held on November 5, The Washington Post reported on Monday.

An unnamed official told the Post that waiting any longer could be perceived as weakness and that the planned strike “will be one in a series of responses” to the Iranian ballistic missile barrage that was fired at Israel on October 1, which came in response to a series of Israeli escalations.

A source close to Israeli Prime Minister Benjamin Netanyahu told the Post that while Israel was coordinating with the US to some extent on its plans to attack Iran, it wouldn’t wait for a green light from the US. “The person who will decide on the Israeli response to Iran will be [Netanyahu],” the official said.

https://news.antiwar.com/2024/10/14/report-israel-plans-to-strike-iran-before-us-presidential-election/

US fines German airline Lufthansa for discrimination against Jewish passengers

The fine given by the DOT is the largest an airline has gotten for violating civil rights.

German airline Lufthansa has been fined $4 million by the U.S. Department of Transportation over allegations that it discriminated against Jewish passengers.

Lufthansa allegedly banned 128 passengers from wearing traditional Orthodox Jewish clothing when headed on a flight from New York to Hungary in 2022, according to NBC News.

The airline alleged that members of the group behaved in an inappropriate way and violated the airline's mask policy.

However, the DOT said that staff at Lufthansa "treated them all as if they were a single group and denied them boarding,” even though many were not together and didn't know each other.

The fine marks the largest sum levied against an airline for civil rights violations.

“No one should face discrimination when they travel, and today’s action sends a clear message to the airline industry that we are prepared to investigate and take action whenever passengers’ civil rights are violated,” U.S. Transportation Secretary Pete Buttigieg said.

The airline put out a statement saying that they are cooperating with the DOT regarding the investigation.

https://justthenews.com/events/german-airline-fined-4-million-us-discrimination-against-jewish-passengers

Netanyahu: Israel opposed to unilateral Hezbollah ceasefire

To achieve the goal of returning the 60,000 Israeli residents to the North, Hezbollah can no longer be perched on Israel’s border, Netanyahu told Macron.

“Israel is working against the terrorist organization Hezbollah so that it no longer threatens its citizens on the northern border and so those residents in the north can return home safely,” Netanyahu told Macron in a phone conversation, according to read out of the call from the Prime Minister’s office.

https://www.jpost.com/israel-news/article-824770

Jewish pedo

Bruce Springsteen ignites stage in powerful tribute to Holocaust remembrance

Springsteen performed solo acoustic versions of “Dancing in the Dark” and “The Ghost of Tom Joad.”

“The work of collecting the personal testimony and the voices of those who’ve witnessed history has just something in common with the work that songwriters, filmmakers, all artists do to understand and to create our real and imagined worlds,” Springsteen said at the event, which was also attended by Spielberg, Meryl Streep, Debra Messing, Drew Barrymore, Whoopi Goldberg and other celebrities., according to the Asbury Park Press.

“We follow the ghosts of history. We listen for the voices of the past to take us into the future, and we lean into their stories and listen to them.”

https://www.jpost.com/j-spot/article-824673

Inside America’s Fastest-Growing Criminal Enterprise: Sex Trafficking

Biden’s border policies have led to an explosion in the forced prostitution of migrants in the U.S. ‘If I wanted to, I could order a girl within 15 minutes.’

Lisa slides a Hellcat pistol into her backpack, slinging it over her shoulder. She jumps out of the driver’s seat of her massive Ford F-250 as we head into a barbecue joint for lunch. Steel brass knuckles glint in the console beside a pencil-shaped, pronged object. She sees me looking at it.

“That’s my stabby-stick,” Lisa says before I even ask. “In case I can’t bring my gun somewhere. These guys are dangerous.”

“These guys” are sex traffickers, and dangerous doesn’t begin to describe them.

Many traffickers are members of Mexican or Salvadorian gangs, part of Cuban rings or the vicious Venezuelan group Tren de Aragua. Their modus operandi is luring migrant women and girls across the southern border, promising them good jobs once they get to America, and then forcing them into prostitution once they’re here, ostensibly to pay off the debt they incurred to get into the U.S. Hunting down sex traffickers is not for the faint of heart, and Lisa is not about to take any chances.

An athletic, no-nonsense blonde in her 50s, Lisa runs a small nonprofit foundation called Shepherd’s Watch, dedicated to bringing down sex-trafficking rings. Prior to starting Shepherd’s Watch in 2016, Lisa had been a telecom engineer and an expert at analyzing cell phone data used in court cases. In that job, she says, she saw a “disturbing” amount of child exploitation. “I couldn’t ignore it anymore.”

Lisa, who asked that we not use her real name, calls herself “an informant.” She lacks the authority to arrest a trafficker, and any attempt to rescue the girls herself could well get her killed. Instead, Lisa and a small handful of other Shepherd’s Watch investigators work to locate victims and their pimps and then turn the information over to police departments, sheriff’s offices, and other law enforcement agencies. Because Lisa and her team have gained credibility with law enforcement over the years, the police usually follow up on the information the Shepherd’s Watch informants provide. Sometimes they hit pay dirt, arresting the traffickers and removing the girls to a safe place.

“Law enforcement is understaffed and stretched too thin,” says Lisa. “That’s where we come in.”

At the barbecue joint off Route 75 in Dallas, Lisa pulls out her phone to show me the dozen or so online platforms that traffickers and pimps use to sell girls for sex. The platforms—which include apps like TikTok, OnlyFans, and Facebook—are chockablock with ads of women, usually wearing lingerie, their faces covered to prevent anyone guessing their age. The sheer number of ads is astonishing. “Each week, we track over 12,000 ads for women in Houston, 2,600 in San Antonio, 3,500 in Austin, and 14,000 in Dallas,” says Lisa.

https://www.thefp.com/p/inside-americas-fastest-growing-criminal

Justice Department’s Nationwide Election Day Program for the General Election

https://www.justice.gov/usao-ndok/pr/justice-departments-nationwide-election-day-program-general-election

Australia: : The Albanese Government has announced a $100 Million ‘bird flu preparedness and vaccination response’ package.

The Albanese Government has allocated $100 million to address bird flu risks in Australia, focusing on the avian influenza strain H5N1. This funding aims to safeguard agricultural industries, wildlife, and the national economy by enhancing preparedness and vaccination efforts against the high-pathogenicity strain.

https://citizenwatchreport.com/australia-the-albanese-government-has-announced-a-100-million-bird-flu-preparedness-and-vaccination-response-package/

Israel’s Genocide Day 374: Israeli airstrike on Gaza hospital burns patients alive

Israel bombed displacement shelters across Gaza and aid distribution points in Jabalia, while Hezbollah intensified its fire on Haifa and Tel Aviv amid Israel’s continued bombardment of southern Lebanese towns.

https://mondoweiss.net/2024/10/israels-genocide-day-374-israeli-airstrike-on-gaza-hospital-burns-patients-alive/

Israel And The Logic of Being Untouchable

https://theuglytruth.xyz/israel-and-the-logic-of-being-untouchable/

>>21770695

>Ashton Kutcher and Mila Kunis are leaving the US amidst PDiddy arrest

https://timesofindia.indiatimes.com/entertainment/english/music/news/ashton-kutcher-and-mila-kunis-consider-leaving-hollywood-amid-sean-diddy-combs-arrest-fallout-report/articleshow/114164723

Israel Supporter THROWS HOT COFFEE At Man And Toddler In NYC Over Keffiyeh

https://youtu.be/QYIV7NZKtio

>>21770726

>Q: "Who's actually the President?"

>TRUMP: "Well I think it's a committee of people…"

Michigan Judge Accepted Donation From Secretary Of State While Considering Her Appeal

A Michigan State Supreme Court justice accepted an $82,500 donation earlier this year from a PAC tied to Michigan Secretary of State Jocelyn Benson, at a time when the seven-member Supreme Court was deciding an appeal filed by Benson.

The campaign committee for State Supreme Court Justice Kyra Harris Bolden reported receiving the donation on May 17, 2024. The source of the donation, Legacy PAC, was founded and operated by Benson. Campaign finance reports show that an $82,500 donation was given on April 26, 2024, to the Keep Kyra Harris Bolden for Justice committee.

At the time, Bolden sat on the seven-member bench deciding an appeal Benson filed on Nov. 30, 2023.

On Aug. 28, 2024, Bolden filed the 5–2 majority opinion that granted Benson’s appeal. Republican election integrity advocates believe the decision will eliminate effective oversight of the conduct of elections by poll challengers.

The state Supreme Court ruling overturned a decision by the Michigan Court of Claims, and a subsequent 3–0 Michigan Court of Appeals ruling upholding the lower court’s decision, that Benson’s restrictive guidance regarding poll challengers violated state law and, therefore, had to be modified.

Benson’s loss in the Michigan Court of Appeals was the sixth legal defeat since 2020 involving her administration of statewide elections.

Calls for an Ethics Probe

On Oct. 1, election integrity activist Braden Giacobazzi and former state Sen. Patrick Colbeck, both Republicans, sent a formal request for an investigation of Bolden to the Judicial Tenure Commission, a panel that oversees the conduct of judges.

Giacobazzi and Colbeck asked the commission to look into the propriety of the Michigan Legacy PAC campaign donation.

Bolden, a Democrat, is a former state representative and criminal defense attorney from the Detroit area. She ran unsuccessfully for a seat on the Michigan Supreme Court in November 2022.

Just weeks after that election, Bolden was appointed by Gov. Gretchen Whitmer, a Democrat, to serve for a portion of the unexpired term of retiring Justice Bridget McCormack, a Democrat.

Bolden is running in the upcoming Nov. 5 election to retain her position until Jan. 1, 2029.

Democrats currently control the state Supreme Court 4–3.

In a statement on X, Colbeck posted the complaint which alleged that Bolden’s acceptance of the $82,500 campaign contribution from a defendant in a case that was currently before the court “has all the indications of a bribe intended to influence the decision of the court.”

https://www.zerohedge.com/political/michigan-judge-accepted-donation-secretary-state-while-considering-her-appeal

Israelis Are Selling Stolen Palestinian Land To Americans

https://youtu.be/6gf0SI4Nk2U

BOMBSHELL: US Doctor Describes IDF MASS MURDER Of Toddlers

https://youtu.be/yF4GfpWp0XA

Outrage after Sky News describes Israeli soldiers as 'teenage victims'

Headline referred to Israeli soldiers as teenage victims while minimising killing of Palestinians in an Israeli strike on a school

https://www.middleeasteye.net/news/sky-news-describes-israeli-soldiers-teenage-and-puts-gaza-deaths-quote-marks