The method by which the Federal Reserve creates money out of nothing; the concept of usury as the payment of interest on pretended loans; the true cause of the hidden tax called inflation; the way in which the Fed creates boom-bust cycles.
UNDERSTANDING THE ILLUSION
That’s really all one needs to know about the operation of the banking cartel under the protection of the Federal Reserve. But it would be a shame to stop here without taking a look at the actual cogs, mirrors, and pulleys that make the magical mechanism work. It is a truly fascinating engine of mystery and deception. Let us, therefore, turn our attention to the actual process by which the magicians create the illusion of modern money. First we shall stand back for a general view to see the overall action. Then we shall move in closer and examine each component in detail.
The Obscure Biden Administration Rule That Could Help Americans Flee Big Banks
Antitrust crusaders and Wall Street watchdogs are closely watching how the Biden administration handles a CFPB rule on financial data.
Tom Williams via Getty Images
Rohit Chopra, President Joe Biden’s nominee to lead the Consumer Financial Protection Bureau, is likely to have final say over the rule governing consumer access to financial data.
Two of the intellectual centers of the progressive movement are closely watching how President Joe Biden’s administration chooses to write and implement a new rule governing consumers’ access to their financial data, seeing it as an early test for the administration’s willingness to break with business-as-usual approaches to financial regulation.
Archegos Proves the Market is Rigged Robinhood is Making it Worse investorplace.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investorplace.com Daily Mail and Mail on Sunday newspapers.
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WASHINGTON The Commodity Futures Trading Commission (CFTC), the top U.S. swaps regulator, should reverse its loosening of oversight of family offices, a Democratic commissioner said on Thursday in response to the blowup of Archegos Capital.
The downfall of the family office run by former Tiger Asia manager Bill Hwang triggered billions in potential losses for global banks. Archegos, free from regulatory scrutiny, had amassed large positions in stocks, including ViacomCBS, using risky derivatives known as “total return swaps,” regulated by the U.S. Securities and Exchange Commission.
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