>>18049747The Federal Reserve Uniparty’s existence relies on people's ignorance to blind them to the NYFed’s ongoing cons of QE (since 2008) and their reverse repo club (since 2013). These policies only enrich/ed the very failures that caused the 2008 banking collapse.
“The quality of education given to the lower class must be of the poorest sort, so that the moat of ignorance isolating the inferior class from the superior class is and remains incomprehensible to the inferior class. With such an initial handicap, even bright lower class individuals have little if any hope of extricating themselves from their assigned lot in life. This form of slavery is essential to maintaining some measure of social order, peace, and tranquility for the ruling upper class.”
― Milton William Cooper, Behold a Pale Horse
The NY Fed's Quantitative Easing (QE) counterfeiting scheme:
NYFed buys treasuries (and MBSs) outright from (only) NYFed primary dealers by creating reserves out of thin air, which seditiously undermines Congress’ sole power to regulate our currency. This is QE.
NY Fed’s primary dealers then take those reserves and earn Interest on Excess Reserves aka IOER (now called IORB) on them at the NYFed, which IS PAID IN CASH to the primary dealers--cash, which they DO MAKE INTEREST ON, this is their counterfeiting scheme (also, every penny paid in interest (cash) to the primary dealers for excess reserves also reduces the Fed’s remittance to the US Treasury).
The NYFed used QE in response to the financial collapse of 2008 and is how its primary dealers have been effectively counterfeiting our currency ever since.
