A Celebration of Monetary Independence | QPOL Issue #55
A National Monetary Divorce From The Old Guard
The 4th. of July is commonly known as a day where American patriots celebrate the nation’s Independence. However, it could be argued that foreign powers (the British crown), have always controlled the colonies in some way shape or form. Be it exposure to markets, political and intelligence influence, foreign policy, but most notably in this article’s case, monetary policy.
Powell’s Monetary Divorcee
As I have been preaching for over a year now, Powell’s monetary policy to end the Fed Put is to solely regain America’s monetary independence. If the monetary system isn’t free from foreign imperial influence, then neither is the nation.
Let’s look backwards a few days. June 30th, 2023 was the first annual Deathiversary of LIBOR. SOFR is now OFFICIALLY the law of the land. No longer do the globalists at the City of London control the cost of the world’s debt. It’s a MAJOR milestone for America in asserting both her monetary & national independence.
Therefore, the month of June should be pride month…
*American Monetary Independence* Pride Month. Why? Let’s take a quick trip down memory lane.
June 16th - 2021 Powell raises RRP by 5 bps draining world over $1T of dollar liquidity
June 30th - 2023 LIBOR officially phased out (extinct) and replaced by SOFR
The Eurodollar was a globalist creation to control American monetary policy via LIBOR from the City of London. The US has control over the the cost of offshore dollars now thanks to SOFR. It’s not actually “one big club and we’re not in it”like Carlin claimed.
Yes, the City of London has controlled US monetary policy from the get-go until SOFR was introduced Jan 1, 2022. The argument eurodollars were a “natural free-market solution for $ demand” is complete BS because it was tied to LIBOR. You simply can’t get more Keynesian/central planner than that.
We got here from central planning and manipulation of rates, yes (mostly ZIRP and the price of Eurodollars controlled by LIBOR and not the Fed). However, the mechanics and fundamentals are changing. Powell is resetting monetary policy as we know it. That’s all I’m saying. I’m cautiously optimistic, but changes like this happen for a reason. In this case, I’d argue, a revolutionary one. After all, Powell is roughly 8th. generation Virginia Aristocracy, AKA, the people who funded the American revolution against the Brits.
Below I present to you, the death of LIBOR. AKA the assertion of America’s monetary independence. You love to see it…
Since the Fed raised RRP in June of 2021 by 5 bips, Powell has been gradually divorcing US monetary policy away from the original sin of the Bernanke Doctrine (ZIRP). In ~2 years later we’ve ditched LIBOR for SOFR and a Fed Funds Rate is North of 5%, and rumored to approach 6% by the end of the year should commodity inflation take its toll with potential war on the horizon.
It’s all a work in progress.
Gradually, then suddenly…
Down With the Old, In With the New Aristocracy
In reading the introduction of Niall Ferguson’s The House of Rothschild, you can clearly contrast the old guard’s monetary establishment from an America First-based monetary order that Powell is moving towards.
The Rothschilds created their wealth by creating the modern day financial system. By modifying the existing system for government borrowing to make bonds more easily tradable, it could be argued the Rothschilds actually created the international bond market in its modern-day form. They used it to create schemes that allowed governments to effectively use debt, trade that debt, send countries into war, and use usury as a weapon against those indebted war torn countries.
They also developed a sophisticated communications network with governments so they could keep up to date on markets and political affairs. These comms were used to base their financial schemes on and when to act on them. They essentially had every country in their pocket. The old guard of Davos et.al controlled the media back then just like they do now.
The book states revolutions are generally triggered off by deficiencies of money. The Rothschild system prevented such deficiencies. However as Ferguson states, the system was revolutionary in itself. No one does more to further the revolution than the Rothschilds themselves.
The book continues stating that the greatest “revolutionary” to found modern democracy was none other than Nathan Rothschild. He did so by destroying the predominance of land by raising the system of state bonds to supreme power. This move “mobilized property and income, and at the same time endowing money with the previous privileges of the land.”
Whereas his aristocracy was rooted in money, the former aristocracy was as rooted in the land itself…something of real tangible value.
So not only did the Rothschilds replace the former European aristocracy, but their new aristocracy was based on and represented a new materialist religion. As quoted from the book:
“MONEY IS THE GOD OF OUR TIME, and Rothschild is his prophet…”
No wonder JPMorgan was reluctant to work with the Rothschilds back in the day (as documented in Ron Chernow’s book The House Of Morgan). These are the type of people Powell is trying to bankrupt: a people who believe money is their God, and rule the world by their own decree as if it was created it in their image. Creating financial schemes of usury like the IMF and funding revolutions such as was done in Russia has enslaved societies world wide. These are best seen recently in the economic hit man tactics and having corporations like Black Rock so powerful they dwarf nation states. This is how Davos exerts its globalist control.
Brits
You think Black Rock owns the planet? Did you know the British Commonwealth owns 6.6 Billion acres of land throughout the world? Yes, the British Empire didn’t go anywhere. It is still very much alive and well today, it’s just hiding behind numerous outfits in plain sight. Through these outfits, the British Empire has exerted soft-power financial control throughout the world. As Matt Ehret had found, HSBC is how they exercise this soft power in Asia.
HSBC is the British Empire in disguise (part of Davos), and hate crypto. I’d guess they’re in the same camp as Gensler. Remember Lagarde called it an “escape hatch.” China and Russia are Davos’ public enemy number 1. Wouldn’t be surprised if HSBC gives China the cold shoulder, but maybe not because they wanna create more offshore crypto euro dollars? Let’s watch.
They’re part of Davos, but mostly it’s all an extension of the British Empire and their foreign policy of the Makinder Heartland Theory. You can give yourself a history lesson all you want, but what matters is how Davos is being undermined (BRICS & hawkish Fed policy to gain back US monetary independence to bankrupt Davos by re-controlling the offshore dollar system). What matters to the individual is what is actionable during these times to protect themselves and their families.
CBDC Paranoia
July is the month where the FedNow pilot program will officially be launched. This is causing people to panic thinking a retail CBDC will mean the end for cash and financial freedom and privacy, stoking the hopes of Bitcoiners that the Bitcoin Standard/flippening will be here to save humanity. This is retarded, and arguably these people are merely useful idiots of Davos. The more people fear
If you think the digital panopticon will happen in the US, you’ve probably had all 7 of your boosters. There won’t be a retail CBDC. It is antithetical to what the sovereigntist plutocrats of the Fed are fighting for. The commercial banks won’t allow it. I’ve said this countless times. Unfortunately, people are just too stubborn to realize this because they are being whored four by anxiety pimps and love masturbating to doom porn so much. Misery loves company, and comping about the world ending is just too easy to default to.
The spreading of such doom porn is merely grifters trying to gain clout for whatever retarded reason. Arguably, both these propagandists and their audience might be too stupid to see the difference between factions and who benefits from what policy. like the majority of people who think they understand what’s going on.
Thinking every major government entity or corporation is on the same page with the same goal is a lazy conclusion and if you’re not actually a retard, then you’re being disingenuous.
Cui Bono
A retail CBDC means no more commercial banking and MMT where monetary and fiscal policy become one, meaning there’s no need for a central bank with quasi-decentralized shareholders (the major commercial banks). That’s what a digital panopticon of a CBDC means, and is merely an extension of Rothschild financial and comms control.
People don’t understand this, or at the very least don’t understand why JPM or any major bank won’t allow it. A retail CBDC destroys the creation of private capital and would spook investment out of the US, ruin the Fed’s credibility, and undo the entire monetary divorce process Powell has accomplished.
A retail CBDC means instead of the commercial banks creating private capital via loans, the central bank/state does. At that point however, you don’t even need a Central Bank. You’ve combined monetary and fiscal policy, which is exactly what Davos wants. For the umpteenth time, why would Powell and Jamie Dimon bend over and submit to a gaggle of globalists and give up their control of the world’s monetary policy. Remember it was the ECB who complained the loudest against Powell’s hawkishness and Europe suffers from it the most. They are a house of cards, and that’s being generous.
Ultimately, this ain’t about the banks or governments saying they’re here to help the little guy.
It’s not about the banks or government helping people. It’s about the banks wanting to survive so they can use usury to profit and stay in power and a global government taken that power away from them. However, it’s also HOW they use banks, what they use that money for, and where their principles are. Powell doesn’t need to be Fed chair and could be worth much moire than he currently is. Agree to disagree, but I see Powell acting as a patriot against the old guard fiat aristocracy. Time will only tell, but based on the events of the past couple years I believe it’s obvious that time in on America’s and the world’s side.
~ Phil Gibson
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