Bernanke’s Former Advisor: “People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned”

Octopus20teaser_3This information has been available for many years–but the sheep that we are have no interest in seeking the truth, for the truth does not always set us free, it binds us to a reality we find discomforting. It is so pleasantly American to believe in the integrity of our institutions no matter how absurd that belief system has always been.

We are ruled by a small cadre of financial,  transnational corporate and bureaucratic superelites and our power, the people’s power is so much more powerful, more just, and infinitely more collectively intelligent than the self-anointed superior beings that plod the hallways of their mansions or the corporate boardrooms and the bastions of bureaucratic elitism in our Universities and government, but we need to revolt now with more than the muted actions produced so far.

The tables of fear must be turned. It is the people’s turn to be the master and the arrogant power hungry elites, the slaves.   

With every passing day, the Fed is slowly but surely losing the game.Only it is not just former (and in some cases current [14]) Fed presidents admitting central banks are increasingly powerless to boost the global economy, even if they still have sway over capital markets. What is far more insidious to the Fed’s waning credibility is when former economists affiliated with the Fed start repeating mantras that until recently were only a prominent feature in the so-called fringe media.

3823This is precisely what happened today when former central bank staffer and Dartmouth College economics professor Andrew Levin, special adviser to then Fed Chairman Ben Bernanke between 2010 to 2012, joined with an activist group to argue for overhauls at the central bank that they say would distance it from Wall Street and make its activities more transparent and accountable to the public.

Levin is pressing for the overhaul with Fed Up coalition activists. Many of the proposed changes target the 12 regional Federal Reserve Banks, which are quasi-private and technically owned by commercial banks in their respective districts.All of that is not surprising. What he said to justify his new found cause, however, is.”A lot of people would be stunned to know” the extent to which the Federal Reserve is privately owned, Mr. Levin said.

The Fed “should be a fully public institution just like every other central bank” in the developed world, he said in a conference call announcing the plan. He described his proposals as “sensible, pragmatic and nonpartisan.”

Bernankes Former Advisor People Would Be Stunned To Know The Extent To Which The Fed Is Privately Own

Central Banks as Relentless Boosters of the Rich – The Globalist

Crafty as they are, at no instance did central bankers miss an opportunity to justify their actions by the need to defend against deflation, i.e., falling prices.They profess to fear a self-enforcing doom cycle, like the one that the world experienced during the Great Depression.Alas, that depression was caused – like our crisis today – by too much debt. A modest amount of deflation in itself is not bad. Over decades, the United States and other European countries experienced falling prices and high employment – paired with impressive growth.

Central Banks as Relentless Boosters of the Rich

One in five US adults now lives in households either in poverty or on the cusp of poverty, with almost 5.7m having joined the country’s lowest income ranks since the global financial crisis.Many of the new poor, or near-poor, have become so even amid an economic recovery that is widely expected to lead the US Federal Reserve to raise interest rates next week for the first time in almost a decade. More than 45 per cent of them — almost 2.5m adults — have joined the lowest income ranks since 2011, long after the post-crisis recession was ostensibly over.

Americas Middle-class Meltdown Fifth of US adults live in or near to poverty

The Federal Reserve remains the 800-pound gorilla.

It’s moves are of enormous consequence to the economy, and their interests are at odds with those of ordinary Americans.If people who’ve been thrown out of work, out of their homes and into bankruptcy understood what had been done, and by whom, they would have overthrown it practically overnight.This insightful video discusses how the New York Federal Reserve is a corporation, largely owned by the top 10 banks – including many international banks – and works to increase the wealth of its shareholders at the expense of everyone else:

Secrets of the Federal Reserve American Wealth Destroyed by Currency Coup from Within

Must Watch, Oh Yea Mental Slaves Of The Banking and Financial Elites

Even if you know all of this; even if you have read all about the Beast from Jekyll Island; even if you understand how the financial elites of the time manipulated the progressive and delusional Woodrow Wilson into power by setting up Taft to lose the Presidential race by injecting Teddy Roosevelt and his Bull Moose Party into the race to fragment the election ( sounds all too familiar?); even if you know all of this; Please watch this or re-watch it again….terrific way of understanding the private banking monster that has taken over the world.

“Those who do not learn from history are doomed to repeat it.”- George Santayana

Past presidents of the United States and other high profile political leaders have repeatedly issued warnings over the last 214 years that the U.S. government is under the control of an “invisible government owing no allegiance and acknowledging no responsibility to the people.”

According to six of our former presidents, one vice-president, and a myriad of other high profile political leaders, an invisible government that is “incredibly evil in intent” has been in control of the U.S. government “ever since the days of Andrew Jackson” (since at least 1836).  They “virtually run the United States government for their own selfish purposes. They practically control both parties… It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection.”

As a result, “we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”

The sources for the above quotes (and more) are listed below. All of the quotes in this article have been verified as authentic and have associated links to the source materials.  Also included below are statements made by David Rockefeller, Sr, former director of the Council on Foreign Relations (CFR), and Federal Reserve Chairman’s Alan Greenspan and Ben Bernanke that appear to confirm some of the warnings.

Former Presidents Warn About the Invisible Government Running the United States

Origins of the Federal Reserve