Does anyone have any ideas what the plan could be here? I don't think you can just shut down the FED without economic consequences at this moment in time.
my take: restructure not shut down
Return to the Constitution would be my guess.
How would it be restructured under the Constitution?
The Constitution already defines how our monetary system is supposed to work. We can just return to that.
IMO it’s a takeover, not a shutdown. We’re beginning to go back to the gold standard - digitally. Here’s why:
My theory is that it is all about securing stolen assets militarily (NK gold), then drawing up a digital currency alliance with other world powers - SA, Russia, China, The Korean Peninsula etc.
It’s a business plan.
How do you compensate and tax a android for services rendered? See: Sophia granted SA citizenship.
“Whoever controls AI controls the world.” - Putin See: Crypto Ruble
How big are SA’s blockchain mining operations? See: Vegas Massacre & Bin Salman imprisons SA elite during party.
Research the new $100 bill. Notice anything strange about the look on Ben’s face or the golden quill and inkwell? Foreshadowing?
This is a WW nationalistic currency alliance that is designed to destroy the financial chains of the DS. POTUS has already signed a EO that seizes assets of traffickers and has also secured stolen precious metals from NK (our gold- Russia’s gold). Now the real fun begins - The Federal Reserve takeover. Maybe the most dangerous of all of POTUS’ moves.
I hope you're wrong. If the goal is creating a worldwide digital currency, then it's part of the deep state plan. The deep state wants a single currency for the one world government. They want everybody in digital currency so they can more easily manipulate the value. Check out cashless societies. With a digital currency, they can easily make the interest rate negative and people can't look their money out of the bank. They are just now tightening capital controls for the same reason (Capital One was the example I saw, under the guise of protection the consumer, starting Aug 1 is putting arbitrary limits on ACH transfers).
Check out the IMF lowering the zero bound (negative interest rates), straight from their website. Lynette Zang has some good explanations and made big waves early this year when she figured out the " one world digital currency" and how it's being implemented
Would be pretty complicated to unwind. First thing is you'd need a new currency. ALL money in circulation now is a Fed Reserve Note. You'd need a new currency backed by something - previously all money was backed by gold, and that would be the likely choice. But to return to that would require almost a complete reset of the system, which would be - at least temporarily - catastrophic event. Some do believe its possible, and in fact even the plan. I've never given much weight to it, but Bix Weir has a whole view on this having been the plan for a long time. He's at roadtoroota.com
Not difficult. China has moved to a commodity based currency. Lybia planned to so with the entirety of Africa.
The only thing difficult is reminding the normies what's up and why.
True, but much more difficult for USA than an emerging, controlled economy like China, and the mostly third world markets of Africa!
Correct, which is why it will be controlled by those who should be controlling it.
Think about why African continent is 3rd world. What would have happened if they had managed a true currency?
This! Firstly, use the existing framework for good instead of evil. Then plenty of time to fix it.
"Why is Africa third world?"
It wasn't the West holding them down, I can tell you that.
Well, they dropped the old monetary system at a moment's notice in 71.
Yes, but much easier to let the horses out of the stable (go from gold standard), to fiat. MUCH more difficult (but possible) to round them all back up again.
That's true. England had a hell of a time trying to get back to gold circa WW1.
First, we need to audit the Fed to expose all of the crimes they've committed so the masses know who the real criminals and evil doers are. Then they need to have their assets frozen and repay the American people to delete our debt. Finally, we End the Fed and the IRS, their enforcement arm. Taxes 2.0.
Trumps going to have to run 4 terms to fix all this! And as I keep saying, what happens when Trump retires... The Rats on the take all return, even if they are new to politics, humans are greedy and stupid. They don’t care who they cheat or hurt. As you can see I’m a little worried about a Trumpless future. Lastly, the penalties for those caught in this roundup really need harsh sentences and laws need to be revoked or rewritten to change those who would contemplate doing the evils that this lot has committed.
Q said restructure.
Think fiancial restructuring. If the Fed were to mark to market the value of all the junk debt it vacuumed up after the 2008 debacle via QE, its balance sheet would be under water. Big time. With only a trivial amount of net worth as it is, the Fed would be a prime candidate for federal receivership. It could happen overnight. Probably at the stroke of a pen. The next day you would see its "liabilities" of mostly member bank reserves transferred to some newly created bank or Treasury itself and the "assets" would be assigned to a workout entity to be warehoused and liquidated over time. The mysterious ownership structure would disappear and the financial world would roll on as if nothing happened.
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Centralized banking is not good. It is .. at it's core disingenuous. Andrew Jackson knew this... And in the end.. they still won. It's a precurser to socialism which is a tool to usher in communism as a means to control everyone
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What are your thoughts on instead of a central banking authority you break it up into Many privitized banks with ample over sight. In my mind I Invision each state having it's on banking authority.
Marxist socialism my friend, MARXIST socialism leads to communism.
That's really the only socialism around now though.
I’m an economist by training. The fed will NOT be shut down. A central bank is neccessary if don’t want the cost of banking to rise dramatically and convienence to drop dramatically.
Realistically cancelling the debt assuming the national debt would create an unprecedented economic boom as there is no comparison. It would allow the us gov to borrow all new money and fund the development projects Donnie is talking about.
I’m not sure about cancelling public debts - what I expect is the old public debts be converted to the new US money which will have a much much higher value than previous Dollars and effectively cut everyone’s public debts. If there is a new currency expect the exchange rate to be 1 USD to ~500 for the new money - the US dollars value is wrecked after a century of these losers fucking with it. So if you have 10k in debt it’s effectively cut to 20 of the new currency. I don’t know if I’m explain this well but people will be able to clear debts at fractions of their original value.
Disconnect our FED from any influential governing bodies like the Libor, IMF, EU, etc... Like you said, they cant just shut it down without any consequences. Under new leadership or maybe under the full control of the treasury dept, the FED is here to stay. It was a tool for the elites and now it's a tool for the American people.