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Units of ‘Consciousness’ should not be Money! Let’s Think!

July 14, 2018

Today’s Wall Street Journal says:  “Fed Defends Its Use of New Tools”, page A2. Our Fed uses ‘tools’ which are technically unconstitutional and also technically illegal. Let’s think about what our esteemed leaders at the Fed do and justify. Mr. Powell, our current Chairman, will testify before Congress next week. Will he come clean on any of this corruption? I don’t think so! But let’s continue with my missive on this corruption.

 

In 2007 bank reserves (at the Fed) were approximately $15 billion. In 2014 these same bank reserves (also called excess reserves) were $2.5 trillion (an increase of $2.35 trillion). Think on this. How did bank reserves increase by 1,667% from 2007 to 2014? Where did the money come from? Who created these trillions from their consciousness and then circulated this money within cyberspace?

 

Money is supposed to be a coin created by a mint and given a value by our Congress. Article I, Section 8 of our Constitution says Congress is given power to “Coin money, regulate the Value thereof, and fix the Standard of Weights and Measures; and also provide for the Punishment of counterfeiting the Securities and current Coin of the United States”.

 

Our laws on Money derive from our Constitution and our courts. Has either Congress or our courts approved ‘units’ of consciousness for our money (cyber digits)? Our Fed increased its Balance Sheet from 2007 to 2014 some 2.35 trillion and simultaneously increased ‘bank reserves’ by this identical amount. New bank reserves can multiply dollars in circulation by a factor of 10 or more. Where did this money come from? Think!

 

Did the money come from printing notes (called paper cash dollars printed at the Bureau of Engraving and Printing)? Did the money come from minting coins (called coinage of money at the U.S. Mint)? Just where did this $2.35 trillion of new bank reserves come from? Think! It came from a thinking decision at the Fed (consciousness) and then a punch of computer keys to fund their SOMA digital account with new cyber dollars.

 

After thinking up money within their ‘consciousness’, the Fed (mostly Ben Bernanke at that time) then used a master computer at the New York Fed to punch numbers on a computer key board to create these $2.35 trillion of new funds for their SOMA account. Is this action Constitutional and/or legal (according to our court system)? Who provided this banking entity with the legal authority for these counterfeiting actions? Read our Constitution for the real LAWS on this!

 

Creating money from one’s ‘consciousness’ is identical to creating money ‘out-of-nothing’ (a form of counterfeiting). It’s not part of our American Constitution and this operation by our Fed has not been adjudicated by our Supreme Court System. This means that all this money creation (unknown trillions) was ILLEGAL and a form of counterfeiting. Is counterfeiting a moral decision which leads to progress and stability?

 

Do we now have psychopaths running our banking system? Should psychopaths be in charge of our financial system? If these mental giants can not discern the morality of their behavior, then maybe these administrators are psychopaths and mentally ill? Money is the lifeblood of our economy and morality in money creation is part of the American process. We do have a Constitution. We do have a Supreme Court.

 

Who gave our psychopath administrators the authority to create new dollars from their spirit consciousness (out-of-nothing)? Who gave the Fed the authority to create dollars via a computer entry and circulate cyber digits as our medium of exchange? Is any of this Constitutional and/or Legal? I don’t think so! Our psychopath administrators are operating unconstitutionally and illegally IMO. Read the Constitution. Process does matter!

 

Today, we have Central Banks and commercial banks creating trillions of money units from their ‘consciousness’ (the problem is now global). They think up numbers within their mind and then punch keys on a computer to fund accounts. All this distorts markets and creates immoral activities by those who follow the money. It’s totally diabolical and corrupt! Psychopaths are now running our planet IMO and money from ‘nothing’ is their mode of operation.

 

We need to collapse this corrupt/psychopathic system and start over. Those who act as our administrators hide behind closed doors and hide from the public media. We need to EXPOSE these psychopaths to the light of day. Check out my prior missive on a few names which hide from the reality of all this corruption. Our new Chairman of the Fed, Mr. Powell, needs to come clean on all this hidden corruption within our banking system. Will he?

 

https://kingdomecon.wordpress.com

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