Federal Reserve Achieving Its Real Objective
JPMorgan temporarily halts small business loans outside federal scheme
Tight credit meant to destroy small businesses.
It’s becoming more obvious every day that the Federal Reserve has taken over the US economy. In fact, Central Bankers plan on controlling the worldwide economic scene. Note: We have some new statistics we will reveal tomorrow.
According to the Financial Times, “JPMorgan Chase has temporarily stopped accepting applications for small business loans outside the government’s Paycheck Protection Program.
If small businesses have borrowing needs beyond the PPP’s limits, or if they want to borrow for purposes beyond wage bills, they would need to seek other facilities.”
JPMorgan Chase is the Fed’s most important bank and will lead the way for other banks to resort to the same measures. Interesting enough, the man JP Morgan was instrumental in the creation of the Federal Reserve System.
This amounts to a squeeze on small businesses in the ongoing effort to transfer wealth from Main Street to Wall Street. It’s possible the shutdown and lockdown due to the Coronavirus Pandemic is the first step towards a One-World Government, New World Money and One World Religion. There’s no telling what the next step will be or whether the Covid-19 threat will explode helping the Elite and its cronies to complete their agenda.
You can also bet that the Federal Reserve plays an important part, if not the most important part, in the Elite plans.
Note: We can hope and pray that we’re wrong about our suspicions. Still, we can take the necessary actions to relinquish the role of the victim.
Verdict: Federal Reserve System Guilty of Creating Financial Bubble
If you’re part of Main Street, you must realize that the Fed created our current economic catastrophe with its quack monetary schemes. The Coronavirus Pandemic is the pin that bursts the bubble sending the marketplace reeling.
Prices, wages and interest rates result from the exchanges between each buying and selling on the marketplace. Can you imagine attempting to control the interplay of these innumerable forces? Why it boggles the mind just thinking about it.
Of course, Wall Street loves the Fed’s monetary schemes because it allows its members to continue scamming regular citizens. You can bet your bottom dollar (if you have any left) that the financial establishment members dumped their stocks before the crash. Now once again, they’re bidding up prices to sucker the Average Joe back into the market. I don’t have to tell you how this will end.
George Carlin famously stated, “It’s a Big Club, and You Ain’t in It.”
Now we’re witnessing the stock market (especially the NASDAQ) rising while unemployment soars. The Elite and its tool, the Fed, managed to rig markets completely, causing a complete disconnect between Wall Street and Main Street.
Creation of the Federal Reserve System
Along came altruists, do-gooders, politicians and even geniuses who believed they possessed the extraordinary power to make the system function more efficiently. Unfortunately for us, the psychopaths from these groups managed to accumulate power in banking, big business and government.
Let’s throw around a few names. J.P Morgan, Jacob Schiff, Paul and Felix Warburg, Nelson W. Aldrich, father-in-law of John D. Rockefeller Jr., Frank A. Vanderlip, Woodrow Wilson, etc. You would think that once they combined their brainpower, they would spawn magnificent ideas—ideas propelling mankind into an incredible era of prosperity and abundance.
Of course, it depends on whose side you’re on. Members of the political and financial establishment gain great power and wealth while the rest of us suffer the eventual loss of our hard-earned money.
This article won’t cover the meeting at Jekyll Island, which took place between November 20, 1910–November 30, 1910. That was a secret gathering at a secluded island off the coast of Georgia that laid the foundations for the Federal Reserve System. The book by G. Edward Griffin, “The Creature from Jekyll Island,” explains it quite well.
In the fateful year of 1913, these elite members of the political and financial establishment managed to spawn the Federal Reserve System. That was also the year they blessed us with the Federal Income Tax. Mr. Average citizen probably didn’t realize the sacrifices they would demand from him—sacrifices he would pay with the blood and sweat of his productive effort.
The Big Lie – Purpose of the Federal Reserve System
Here’s something from the Wikipedia Encyclopedia. The Fed’s duties today, according to official Federal Reserve documentation, fall into four general areas:
- Conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates.
- Supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers.
- Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
- Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system.
If you’re under extreme stress because of the financial calamity…you’re either shedding millions of tears in sorrow…or possibly seething with anger.
The Federal Reserve System claims to dedicate its efforts to maximum employment, stable prices, and moderate long-term interest rates plus stability in the financial markets. What a bad joke. Actually, it’s rather tragic.
Conclusion
The results are obvious as our economic system continues to crumble. How could it possibly survive when the Elite has ordered a shutdown of our economic system in an attempt to destroy small businesses.
It’s up to each of us to personally take charge of our life. The Conservative Party USA remains dedicated to fighting for your individual rights. However, we want to make sure you remain strong and survive these trying times. For your benefit, we offer you a free no-obligation copy of The Conservative Warrior’s Handbook.
Also, visit our website.
We also recommend you access the Political Action Course.
I received the inspiration for today’s blog post from Mike Maloney’s YouTube video State-Sponsored Deflation: No V-Shaped Recovery For You! His continued analysis of economic conditions is brilliant.
Robert Meyer
National Managing Editor
Conservative Party USA
