You Are Witnessing The Systematic Destruction Of The Old Guard, ‘Kick-Off’ The Offensive – Ep. 2764
Watch The X22 Report On Video
The Great Reset, Green New Deal has failed, scientists from around the world are now saying that climate change does not exist. The [CB] are panicking, they never expected to pay for oil using other currencies. Billions have been sent to Ukraine when it could have been used here in the US. The fake news is now ready to get ahead of the story by protecting the [CB]. The [DS] is now doing everything in its power to try to stop what is coming. Durham is on the hunt and now we know that [JB] used a coded name which refers to Hunt For Red October. The offensive is about to begin, the kick off is happening. The information weapon is locked and loaded. Targets are painted and the command to fire the information is about to be given.
Economy
Congress was spending about $50 billion per year in Afghanistan before it ended.
Congress has spent about $40 billion in Ukraine this year. 🤔
For perspective: all US federal highway and bridge spending adds up to about $50 billion per year. https://t.co/5ANONaYwXc
— Thomas Massie (@RepThomasMassie) April 29, 2022
- Real incomes fell.
- “Real” (inflation adjusted) personal income from all sources, including income from wages and salaries, dividends, interest, rentals, farms, businesses, and government transfer payments (stimulus, Social Security, unemployment, welfare, etc.) fell by 0.4% in March from February, seasonally adjusted, and plunged by 17% from a year ago, when incomes were inflated by stimulus payments, according to the Bureau of Economic Analysis today (purple line in the chart below).
- “Real” income without transfer payments fell by 0.3% in March from February, seasonally adjusted, having declined steadily since October, when raging inflation began to overpower income gains.
Source: wolfstreet.com
- . Critics accuse them of being feckless as inflation pressures built last year, and as a result, the United States is facing prolonged high inflation, a painful recession to rein it in — or both.
- Why it matters: In reality, the Fed didn’t create the current inflationary surge by itself — but it was too complacent as prices spiked last year. Now the economic future depends on its ability to make up for lost time, and navigate a tightrope-thin path to bringing inflation down without tanking the economy.
- The Fed always takes heat for its decisions. That is to be expected when a handful of technocrats make decisions, behind closed doors, that shape a $24 trillion economy.
2. The Fed has two big jobs, and is failing at one of them
- The Federal Reserve has been assigned a task by Congress that is easy to describe, yet fiendishly difficult to achieve. It’s known as the dual mandate: to achieve both price stability and maximum employment.
- Why it matters: The Fed is in a new world in which it faces more explicit tradeoffs. That will make achieving assigned goals harder — and maybe impossible.
- The big picture: The formal, legal language of the mandate comes from the Federal Reserve Reform Act of 1977, which says the central bank must steer credit and money supply “so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”
3. Axios-Ipsos poll: The Fed knowledge gap
Most Americans are unaware of both goals of the Federal Reserve’s dual mandate: stable prices and maximum employment, according to an Axios-Ipsos poll.
- Why it matters: It’s not surprising that public understanding of the Fed is so low. Most people aren’t economists and have lives. But these are the Fed’s biggest and most difficult jobs — and the poll shows how little Americans understand or appreciate them.
- By the numbers: Fewer than 1 in 10 respondents in our poll knew the Fed is supposed to maximize employment, and only about a third knew it’s expected to stabilize prices.
- The biggest response in both cases was “don’t know” — but about four in 10 answered, incorrectly, that it’s false to say the Fed is tasked with maximizing employment.
- The big picture: The Fed’s approval ratings are low right now, with just 28% saying it does an excellent or good job — down from 38% in March 2021.
Source: axios.com
Political/Rights
Jill Biden Biography a Total Flop, Sells 250 Copies in First Week
- Jill Biden’s biography was a total flop and only sold 250 copies in its first week on the market.
- No one is buying Jill Biden’s autobiography.
- No one shows up to Joe Biden’s events.
- Yet the media wants the American public to believe Joe Biden – with help from Jill Biden, is the most popular president in US history.
Source: thegatewaypundit.com
Disney Now In Chaos: Axes Executive Who Decided to Take on Florida Gov. DeSantis Over School Policy
- Disney has backed away from its once-vocal criticism of the media-contrived “Don’t Say Gay” bill, which could more accurately be called the “Don’t Sexually Groom Our Kids” bill. (The bill actually says nothing about LGBTQ matters and forbids all sexual topics from being taught K-3)
- Now, after a backlash that saw the removal of Disney’s privileged status in Florida, the current CEO Bob Chapek is axing the Chief Corporate Affairs Officer Geoff Morrell, a former Pentagon spokesperson.
- “The hope at the highest level is that Morrell’s removal and the new reorganization will allow the media giant to come out from underneath the falling debris of the current situation,” Deadline reported.
Source: beckernews.com
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- Biden family associate went to WH several times after joining firm tied to China’s Communist PartyJoe Biden wrote to his son Hunter and others close to him using the pseudonym “Peter Henderson” – a fictional Soviet Union-era spy in several Tom Clancy novels who infiltrated the US government, emails show.
- The messages contained on Hunter’s abandoned laptop appear to indicate the then-VP started using the fictitious mole’s moniker in October 2016 while forwarding a YouTube video to his son Hunter, brother Jim, daughter-in-law Hallie, as well as his sister and longtime political strategist Valerie Biden Owens.
- Biden sent the message using an email address with a username of “67stingray” — a clear reference to his beloved 1967 Corvette Stingray.
- The name attached to Biden’s “67stingray” account at the time was “Peter Henderson” – which matches the name of the KGB spy in Clancy’s popular Jack Ryan series, according to online fan pages.
- Henderson, whose codename was Cassius in Clancy’s realm, worked as a “minor Senate aide” in 1970 before becoming a Russian spy who was later caught by the CIA and turned into a double agent.
Source: nypost.com
- The 60-year-old former girlfriend of late pedophile Jeffrey Epstein was convicted on December 29 of federal charges of sex trafficking
- Maxwell was found guilty of five federal charges relating to her role in Epstein’s sexual abuse of minor girls between 1994 and 2004
- Immediately after the trial one of the jurors, Scotty David, revealed that he had been sexually abused and used his experiences to guide the deliberations
- Maxwell’s lawyers demanded a retrial, pointing out that potential jurors were asked before the trial commenced if they were survivors of abuse, and he said no
- On Friday, Judge Alison Nathan ruled against acquitting her and affirmed her conviction
- Judge Nathan combined the three conspiracy counts into one, meaning that she will be sentenced on three of the five counts
- A sentencing date has been set for June 28, and she faces up to 65 years in prison
Source: dailymail.co.uk
Geopolitical/Police State
- A Member of the European Parliament has warned the EU “does not want free speech” after a European Commission official threatened Elon Musk over his takeover of Twitter.
- Tom Vandendriessche, an EU-level representative for the Flemish nationalist Vlaams Belang party, has said that the European Union “does not want free speech”,
- “They therefore want to ‘outsource’ censorship to private players,” he continued. “They call that ‘taking responsibility’, but it is nothing less than flat censorship.”
- The left doesn’t even hide their disdain for America. TIME magazine “national correspondent” Charlotte Alter published a piece on Friday arguing that freedom of speech a white male obsession.
- FOX News reported:
Source: thegatewaypundit.com
- Elon Musk trolled Democratic New York Rep. Alexandria Ocasio-Cortez via Twitter on Friday for complaining about his recent buyout of the platform.
- “Tired of having to collectively stress about what explosion of hate crimes is happening bc some billionaire with an ego problem unilaterally controls a massive communication platform and skews it because Tucker Carlson or Peter Thiel took him to dinner and made him feel special,” Ocasio-Cortez said.
- “Stop hitting on me, I’m really shy,” Musk replied.
Source: dailycaller.com
- Nina Jankowicz, who is heading up the Department of Homeland Security’s Disinformation Governance Board, supposedly aimed to combat what the Biden administration deems “misinformation” online, was part of a “wizard rock band” called “The Moaning Myrtles,” where they sang about dead child sex with Harry Potter and belted out a number calling boys in girls’ bathrooms “creepy.”
Source: breitbart.com
- Nina Jankowicz is completely out of her mind, so she’s a good fit as the top official of this newly created and unconstitutional Marxist Ministry of Truth that was announced by failed DHS Secretary Alejandro Mayorkas who is supposed to be securing the border.
- Well, she’s crazy. And consistently wrong about most every issue. But she does think she’s hot.
- Here she is singing about Rudy Giuliani spreading fake news on Ukraine — something the entire world knows was completely accurate today after the fake news finally confirmed the laptop from hell belonged to Hunter.
- And here she is singing about who to f**k to enhance her career.
- Nina was pushing the completely fraudulent Steele dossier.
Jankowicz claimed Trump would embolden ISIS — a group he obliterated.
And here she is pushing the Trump-Russia lie.
Source: thegatewaypundit.com
Free speech does not apply in a private co setting.
The risk?
Loss of revenue.
Backstopped by the circus.
Learn.
Social media control is everything.
The age of the MSM is over.
Q
- Governor Ron DeSantis spoke out against the latest effort of the Biden administration to create an official disinformation bureau with a dedicated mission to assist Big Tech and social media platforms in their control of speech. {Direct Rumble Link}
- There is no dis-, mis-, or mal-information There is only information the Government wants you to hear, and the information the U.S. Govt disapproves of. The DHS disinformation board is dedicated to dealing with the latter.
source: theconservativetreehouse.com
House GOP introduces bill to terminate Biden’s ‘Disinformation Governance Board’
- “Mayorkas: stop acting like a dictator and try acting like you give a darn about the safety and security of your fellow Americans,” commented Boebert.Republicans in Congress have authored a bill to discontinue the Department of Homeland Security’s “Disinformation Governance Board” as soon as possible.The “Ministry of Truth Termination Act” was written by Colorado Rep. Lauren Boebert and first made public on Friday.
- Just days after the re-election of globalist President Emmanuel Macron, the Ministry of the Interior has announced that it will be crafting a smartphone application to house a new digital identity.
- The French government has announced the creation of a new digital identity app for citizens to access private and public services, in line with a broader push for digital identity systems in Europe.
- The biometric app, which is based off the new identity card, was signed off in a decree by Prime Minister Jean Castex and Interior Minister Gérald Darmanin on Tuesday.
War
- American armed forces have begun training Ukrainian soldiers to use advanced weapons systems in Germany, the Pentagon revealed on Friday.
- In a Washington press briefing, Pentagon Press Secretary John F. Kirby said that the United States had come to an agreement with Germany to begin training programmes for Ukrainian soldiers.
- The Florida National Guard has been tasked with the “bulk” of the training, which will show a group of Ukrainian troops how to use advanced weapons such as howitzers, radar systems, and armoured vehicles.
Source: breitbart.com
My favorite part about the Russia-Ukraine war is when the Western media, intelligence agencies & Big Tech amplify all Ukrainian propaganda, and reject even obviously true Russian claims, then says, “Wow, Ukraine is so skilled at Information warfare.” https://t.co/GNgxRs98Pn
— Martyr Made (@martyrmade) April 30, 2022
- President Joe Biden dispatched House Speaker Nancy Pelosi on a secret mission to Kyiv on Saturday where she met Ukraine President Volodymyr Zelensky to deliver a message of U.S. solidarity.
Source: breitbart.com
So they need these two to deliver a message of solidarity, really, does that make any sense, or are they panicking because they know the outcome of the special operation is going to expose it all.
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Spokesperson For World’s Largest Military Overwhelmed with Emotion for Ukraine During Press Briefing
- Yes, today the clouds loomed heavy as Director Kirby narrated his audience while fighting bravely to keep the spirit of Edward R Murrow alive. The wide-eyed maidens held their collective breath waiting in the mournful stillness of the moment… You could hear a pin drop.
Source: theconservativetreehouse.com
He didn’t get choked up over the our men & woman Biden got killed during his sloppy pullout or the children he dropped a bomb on after that by mistake. https://t.co/eSBe3mU2DJ
— NevilleTheCat (@FearTheFloof) April 30, 2022
False Flags
- A Colorado man has tested positive for an H5 bird flu virus, the first such case in the U.S., health officials said April 28.
- The Colorado health department said the man, who is younger than 40, had been working on a commercial farm with poultry that, according to the CDC, was presumably infected with H5N1.
- It’s unclear whether the exposure resulted in an infection, according to statements from the health agencies. Officials from the Colorado health department said a positive test result came from a single nasal specimen. The CDC confirmed that result April 27, though it said repeat testing has been negative.
- The agency said it has been tracking the health of more than 2,500 people with exposure to infected birds, and this marks the only detected case. The first such human infection caused by the predominant group of H5N1 viruses now circulating was reported in the U.K. in December.
Source: zerohedge.com
Climate alarmists switched from Global Warming to Global Climate Change when their predictions failed to match the outcomes.
But when the RNA shots failed to deliver immunity, the government simply changed the definition of vaccination.#MinistryOfTruth
— Thomas Massie (@RepThomasMassie) April 30, 2022
The parent movement is winning: voters with children in the household now prefer Republicans by a massive 28-point margin. pic.twitter.com/8bedLBV5NR
— Christopher F. Rufo ⚔️ (@realchrisrufo) April 29, 2022
Q
Officer Lila Morris beating Trump supporters on Jan. 6. The police were later hailed heroes by the liberal media.
- Newly obtained bodycam footage was released this week showing a never before seen angle of Capitol Police Officer Lila Morris violently beating an already unconscious Rosanne Boyland at the US Capitol on January 6, 2021. The video was released by The Epoch Times on Friday.
- In the video, Morris can be clearly seen using a large wooden stick to club Boyland three times, with blows landing on the head and body as she lay motionless on the ground. Despite countless bystanders screaming for her to stop her vicious assault, Morris continued until the wooden stick was jarred from her hand by a protester who intervened.
- “Please stop pepper-spraying! Her lungs are full of it!” one protester screamed in horror.
- “Please they’re trying to save somebody!” another yelled. “She’s gonna die! She’s gonna die!”
- Ignoring all the frantic pleas to stop, the police can be seen charging ahead, swinging clubs, and pushing the crowd down the steps.
- Now, the footage is untampered with, allowing for the full view of the assault. The video is clipped together in a supercut showing the assault from beginning to end with the new footage added.
Source: thegatewaypundit.com
Interesting tweet. New body cam footage that shows a DC cop beating Rosanne Boyland, —who was likely already dead after police gassed, shoved protesters in an enclosed tunnel—was released yesterday.
Gonell was in that tunnel. He said he gave her CPR at 4:26 but that’s not true: https://t.co/9Zl1X60icH
— Julie Kelly 🇺🇸 (@julie_kelly2) April 30, 2022
- Republicans lead Democrats with key demographic groups on a generic congressional ballot poll conducted by NPR, PBS NewsHour, and Marist.
- The recent poll showed that Republicans have a three-point lead on a generic ballot. Of the 1,162 registered voters who participated in the survey, 47 percent said they would pick the unnamed Republican when asked which candidate they would support if the election was held “today.”
- In comparison, only 44 percent said they would vote for the unnamed Democrat. Three percent said other, and seven percent said they were unsure whom to vote for. The poll marks the first time since August 2014 that the Republicans have led on the congressional ballot. That same year the Republicans won control of the House and the Senate.
- The poll revealed that Republicans lead with key demographic groups, such as independents, Latinos, and parents with children under 18.
- A majority of parents who have children under age 18 (60 percent) chose the Republican in the poll, while 32 percent said they would vote for the Democrat. Two percent chose “other,” and five percent were unsure whom to vote for.
Source: breitbart.com
- Another issue with the software in Dominion voting machines was reported last night in New Mexico.
- Earlier this week we reported that there were errors found in the EAC certified Dominion machines in a recent election in Tennessee.
- The ‘glitch’ moved a ballot and all ballots after that ballot to the adjudication process. From there the ballots could be manipulated since not processed in the normal count process.
- Nick Moseder reports:
“What can you do with provisional ballots set off to the side? You can mass adjudicate them anytime down the road however you want and then tabulate them to the count using the RTR process outlined in the Dominion user manuals.”
- Last night more issues were reported in New Mexico. Moseder continues:
Remember what we recently learned from Tennessee; that outdated software configurations can cause a misreading of ballots, and creates opportunities for FRAUD!
Source: thegatewaypundit.com
- Dirty voter rolls, the mass use of mail-in ballots, and privately-funded drop boxes “combined together to create an easy pass lane for fraud,” as “mules” — or ballot traffickers — trafficked thousands of ballots, likely altering the outcome of the 2020 election, True the Vote president and founder Catherine Engelbrecht told Breitbart News Saturday.
- “We geo fenced or put a sort of a digital fence, if you will, around all the drop boxes, and then we bought a tremendous amount of cellphone data and cellphone data that is transferred off of the apps of your phone that give you great indication about the whereabouts, the time, [and] the location,” she began, noting that they watched the travel patterns of devices going to drop boxes, doing so in five states in five jurisdictions. At the same time, the organization fought for surveillance video around the drop boxes and were ultimately able to thread it all together, as seen in the film.
- She clarified one very important part of their study as well. It was not just the number of times a person went to a drop box, but also the number of times they went to nonprofit organizations.
- “You had to go to a minimum number of nonprofit organizations and a minimum number of drop boxes. It varied slightly, state to state, jurisdiction to jurisdiction, but on balance … to make our study, you had to go to on average, five nonprofit organizations and 38 drop boxes for us to even collect you in our study,” she said, noting they were looking only at “extremes.”
- Many of these “mules,” or ballot traffickers, she continued, would go on routes “repeatedly, day after day.”
- “One of our sort of top performers, if you will, in one 24-hour period went to 27 different drop boxes across six counties and five different nonprofit organizations in one 24-hour period,” she said.
- “But this is a — this is organized crime, and that’s what we need to get our arms around,” she said.
- While she said they have to be cautious in how they describe the nonprofit organizations involved, Engelbrecht noted that “all of them were far left of center,” adding that they will release the data publicly in the coming weeks.
Source: breitbart.com
Ballot trafficking is an organized undertaking to inject fraudulent mail-in votes into the election process for pay. When True The Vote blows the lid off this multi-state fraud next week expect push-back from the media asserting it's ackksualy not a crime. They've already begun. pic.twitter.com/r7vt1STULl
— Rasmussen Reports (@Rasmussen_Poll) April 30, 2022
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Joint resolution to go to war with Russia… well turd blossoms, the Russians will not allow NATO weapons, in the hands of Nazis, on their southern border any more than the USA allowed Soviet missiles in Cuba. Keep pushing and Putin will turn you all into crispy-critters. None of you are immortal, and it is very difficult to spend any portion of that 44 billion dollars laundered through the Ukraine when burned to a cinder. But go ahead, don’t think; just let greed take control. Time to end the country as we know it anyway. Just hope Texas is not a target; and to hell with you all in DC
I think Tucker Carlson is the best of the best for TV talking heads. However, I now listen to the X22 Report instead. Great stuff. Keep it going!
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Did you see the Washington crossing the Delaware painting that’s being sold? On Saturday, CBS had an article about Christie’s putting it up for auction. The battle of Trenton is considered the turning point in the Revolution. The symbolism to me was we’re at the turning point in our war with the deep state. It fits perfectly with “May Showers” and the last Q post in your latest podcast, “May 2019.”
These fatherless people are systematically destroying this country, and we cannot wait much longer. There a re literally thousands that could and should be hung or shot for treason. This election should be wound up NOW, or it will be too late. This Biden bunch would get us into war to cover up for there running years of crime in the Ukaraine, eh?
dave you are the best. you give people positive answers and hope. you explain in detail . but most importantly you explain everything as facts. america was always in the dark . the media has a lot of mental power,. they make anyone believe in anything they say. they do it so well that many become victims from misinformation, . everything is a lie. it took my mother and i over 20 years now to only find that we still don’t know why so many are involved in one of the biggest corrupted crimes in history here on long ling island. dave what happened to us years ago is only part of so many crimes. yet they tied to make us not know the real facts. my mother was right, we only touched the surface. many here in politics never really won the election. they was appointed. everyone was. the election is proof of the biggest crimes in history. my mother knew what really happened. i couldn’t deal with the pain that i still suffer. medication cant fix what has been taken from us. our freedom. we love x22report. dave, god bless you. i wish my one wish here is we can be free again since 2002. i miss my dad. he knew it was all lies.
Kirby’s Russian depravity is focused on the Russian forces handing out humanitarian aid and assisting civilians that have been held captive by Ukrainian neo nazi military in basements for weeks hoping it would deter Russian military from cleaning them out.
I wish to enter the competition for best nickname for AS with this: Pelosi’s pet butt crab.
Thank you Dave for all your work. Here a link to an interview with an important journalist in Ukraine.
I can recommend in general the work of REDACTED.
https://www.youtube.com/watch?v=OzMLPSXb7RU
Kind regards
Rahim Laaba, Zurich
(PRIVATE NOTE: You have my permission to read this letter on the air, or next available podcast, without necessarily compensating me for the content. Just READING THIS LETTER ON YOUR PODCAST is compensation enough. I do ask, however that you credit “KAPT BLASTO” (pronounced “Cap Blast-o”, not CAPTAIN, please! I hate it when people do that, you might as well just call me the “N” word if you’re going to do that.)
Dave:
I’ve wrote to you many times, and never a response. It’s just demoralizing, because I listen to you every night that I can, and YES, including this one, and I try responding, but, I might as well be talking to a wall!
So, you’re basically telling me, that, the “Private Western Central Bank” and the IRS has to shut down, and be vaporized, if you will, for us to be back to Constitutional snuff…. right?
But, I’m looking at that 1793 Coinage Act, just like you…. but I’m seeing it in a different light than you do.
While Everyone ELSE looks at how many grains of Silver or Gold equal 1 US Dollar… I’m looking at the SETUP to get there.
MY CLAIM IS… (as much as you want to sweep this under the rug, and do the same thing the MSM does and not talk about it) … is that the Federal Reserve is Following the same SETUP, if you will, that the 1793 Coinage Act sets up
(Yes, without Gold or Silver, necessarily, and YES, using a completely FLAWED and MESSED-UP interaction with the US Treasury, to keep We the People, forever on the hook for the “Debt” that should have never been taken on in the first place, NEVERTHLESS…)
Now, Dave, perhaps you might quibble about what the Proclamation to the People of the 1793 Coinage Act said or did not say…. Here’s what I recall my research into that Proclamation basically said:
“Those of you that have Specie [Gold or Silver] and want a circulating currency, then please bring your Specie to the [US] Mint, and for a fee, we will fashion coins out of that Specie, that you can take, and spend into circulation. [X] amount of Grains of Silver = $1 [US] Dollar, and one-fifteenth of that amount in GOLD = $1 [US] Dollar.”
Honestly, I don’t know how many grains of Silver the Proclamation posted, HOWEVER, I do remember that 1/15th of that amount of grains in Silver, if in was in Gold would = $1 [US] Dollar. I hope you agree that that is basically the Proclamation of the 1793 Coinage Act.
Ok, so let’s break this down, because I see a few things here:
FIRST OFF: Government is calling out to SOMETHING OTHER THAN ITSELF to come and Interact with Them to Create the money to circulate, and it’s *NOT* DEMANDING that Specie Holders Submit. This is not a 1933 situation where FDR is confiscating Gold and Silver from the People. It’s the Government making an offer to Specie Holders. No one is Forcing the Specie Holders to do this. In this way, it’s the SPECIE HOLDERS that would be initiating the Interaction with the Government, that is ready to serve them.
Now, how is the Federal Reserve, in this way following the SPIRIT of the 1793 Coinage Act, if not the LETTER of it?
Ok…. The Federal Reserve offers to LEND credit to the Government, as “the lender of last resort,” when the other banks won’t do so for whatever reason.
It’s initiating the Contact, as something SEPERATE from the GOVERNMENT, so that neither GOVERNMENT nor the FED, on their own, can create any currency that can be spent out by anyone… (a “check-and-balance” if you will) and it does this because the GOVERNMENT posted its Bonds “Does anyone want to buy our Bonds?” Even as the “Lender of Last Resort” the FED has the ability to say “NO.” to the Government.
Now you and I know this. No matter how Rothschild/Paysuer/Rockefeller-designed the Fed was when it came from Jekyll Island, GA(?) It was CONGRESS that was the Final author of that ACT.
Argue with me all you like, Dave, but The Fed was, and IS… a complete Chimera: 100% a PRIVATE ENTITY, separate from the Government, and 100% a Government Agency,
Just like JESUS to many Believers was, is, and will continue being, 100% MAN, and 100% GOD at the Same Exact time. “As Above, so below.”
And “The Fed” is doing the EARTHLY (some or MANY now, might say “Unconstitutional” or even “SATANIC”) VERSION of Jesus’ “Loaves and Fishes” miracle, that fed 5,000 hungry men.
Prime Example of that? Ok, The Fed allowing Member banks to submit their (purportedly busted) Commercial Notes, off their books, and onto the Fed’s Books, and being able to Borrow (to Lend out) up to NINE TIMES the amount of the Face Value of those Notes Submitted. I think it’s one of the Facets of “elastic currency” (And it’s something on a structural basis, I don’t like, and neither I think, do you, Dave.)
Another example, Dave, that, I think might be closer to the Letter of the 1793 Coinage Act, (but not really that much, I think you would say) is when they have to exchange their electronic credit for Bank Notes. THEY HAVE TO GO to the US MINT’s Bureau of Engraving and Printing to get the Bank Notes. Not to any other Countries Mint. OURS. (But I’m sure there are many listeners out there saying, “Uhm….Chy-na”)
However, Dave, It’s up to you to tell ME whether or not the BEP charges the Fed a fee for the job done, or whether Fed deducts from what’s “owed” them by Uncle Sam…but, can you agree with me that this part MIGHT be as close as the Fed gets to the “letter” of the 1793 Coinage Act?
You know what’s funny… the setup today, does NOT prevent the Treasury Mint, or the BEP, from creating and circulating (in another country, ANOTHER Country’s Bank notes and coins! This is not necessarily should be a point of contention, so don’t take it as an argument point from me. I’m just putting this out there: but let’s say the Golfos and Zetas have a turf war down (as they usually do) in State of Chihuahua, Mexico, and, for whatever reason it takes out the Mexican Mint’s ability to press out the Centavos or Pesos. If Memory Serves of my research, THERE IS NO LAW that PREVENTS OUR MINT from accepting a request from Mexican President Juan Felipe de Calderon to press a few batches of Pesos for them to circulate in their country. All that WE ask is that they pay the Fee we post. And why wouldn’t we do so? We wouldn’t want them calling on CHINA to help them, now would we? (I know Trump would want to help Mexico in that regard, because of MCA…. Biden on the Other hand? Ehh…………) OUR FED RSV cannot intervene and say to our Mint “Thou shall not do that….”
I dare you to prove to me that somehow The Fed CAN stop our Mint from making Pesos If Juan Felipe needed (and is willing to pay us) to do so…. (BUT THAT’S NOT necessarily important, right now.)
The reason why this letter to you, (among all the other letters I wrote, obviously without response yet)
is that we can turn the tables on the Federal Reserve, and make IT be the “permanent Debtor” in the Situation between the Fed and the Gov’t. And in the process
Please research my previous letters for more information.
(Once again, you have my permission to read this letter “on air” if you wish, as that compensation enough. You also have my permission to read any other Letter that I have sent to you previously.)