Yesterday Walmart's CEO shared his concerns about inflation looming on the horizon and today there was a nice pop in commodities. Inflation has been a high interest topic for months, but to get the public's attention, it helps if someone with a high public persona makes a statement. As a holder of commodity company stock, I wish Donald Trump had lamented about rising corn prices during his debut appearance on Dancing With The Stars.
Many know the Federal Reserve is a banking cartel enriching themselves at our expense. See Naked Capitalism's take on banker Jamie Dimon's latest whining. The US is run by bankers to whom the people we elect are beholden. G. Edward Griffin and others virtually unknown to the American public have been saying this for years. Ron Paul, a member of the House of Representatives, hasn't even been able to orchestrate a legitimate audit of the Federal Reserve Bank. But this past Friday, Glenn Beck took the Fed to task, a clear sign doing away with the Federal Reserve is an idea with momentum. But who will finally put a stake in the heart of this beast?
One possibility is that a very powerful world bank favored by George Soros, David Rockefeller and other globalists overwhelms a weakened and subordinate US central bank. This would be a human tragedy of epic significance. And if this happens, please put a lid on the "nobody saw it coming" refrain.
Perhaps States considering legislation to create their own currency will be able to fill the void created by the sudden collapse of the Federal Reserve Bank. The Fed's latest and final, as it turns out, effort to jump start the economic recovery by giving every adult inhabitant $500,000 tax free infuriated foreign bond holders. Once these creditors prevailed upon President Obama (now beginning his fourth term by executive order) to stop printing money, the fate of the Fed was sealed.
Another possibility is that Congress, blossoming under the leadership of a national hero and President likened to Washington, Jefferson and Jackson, implements a new monetary system. This new monetary system does not have a Federal Reserve Bank, money based on debt, and fractional reserve banking. Extremely popular with citizens of all political leanings after becoming the first woman to set foot on Mars, the newly elected President had to overcome fierce opposition from Senators Schumer, Graham, and McCain. These three had agreed in a conference call to relentlessly use the word "extreme" in their failed attacks on the President.
That's more than enough End The Fed scenarios for tonight. My dear friend of more than 50 years is having heart surgery tomorrow. If you get a chance, saying a little prayer for Johnny Boy couldn't hurt.
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