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First, let me state that nothing I’m about to talk about is financial advice, and yes, I know I’m setting myself up with the title for people to call me crazy in the comment section.
Is Jerome Powell a Patriot? Don’t I know the Federal Reserve is truly evil and largely responsible for the fact we all live as debt slaves?
I am very aware of how evil the Federal Reserve is. I am very aware of how it was started, who started it, and who has run it for the past one hundred years. I understand they print money out of nothing, backed by nothing. I am aware inflation comes from this process. I am aware that raising interest rates destroys the economy, and income tax was created to pay these bankers who print this money backed by nothing.
No one despises the Federal Reserve more than me. So, how could I ask the question, “is Jerome Powell a Patriot?”
It’s because things don’t add up anymore. Things don’t make sense anymore. This Federal Reserve isn’t your father’s Federal Reserve, or even your older brother’s Federal Reserve, for that matter.
When it comes to sentiment towards the current banking situation, I feel right now there are two camps: the Biden camp is saying the banking system is safe, no need to worry, “these aren’t the droids you’re looking for.” The other camp seems to believe that if you don’t already have 100 chickens laying eggs in your back yard, you have no hope of surviving the banking apocalypse.
The Biden camp is basically saying, ‘no need for caution, continue to drive 65mph, maybe even consider unbuckling your seat belt to be a little more comfortable, and eat a chocolate chip ice cream cone while you’re at it.’ The other camp is saying, ‘we need to drive with a harness and a helmet,’ and insisting we will eventually drive straight into a brick wall.
I tend to believe the financial crisis is going to end up somewhere in the middle, maybe like a tall speed bump.
How could I minimize the situation so much? Try driving over a tall speed bump at 65mph, it will do major damage to your car, and possibly to the passengers as well. But if you slow down a bit, to maybe 35mph, you can drive over it with very little damage. If you slow down to 15mph, you likely will do no damage at all. There is a big difference between, ‘we probably need to slow down a bit,’ and ‘it is inevitable that we will drive straight into a brick wall.’
What is slowing down? This could mean being more conservative with your spending for a while. Not over-leveraging yourself. Not making any major purchases that don’t need to be made for a while. This could mean postponing a vacation for a year, or choosing a cheaper cut of meat, or buying cage-free eggs instead of organic. This could mean eating and ordering out once or twice a week versus once or twice a day.
I’m not here to tell people how to live their lives, just to make the point that in most cases, there are areas where we can cut back. I understand some people are already stretched extremely thin and have no fat to cut. For those people, I am truly sorry the system in which we live has put them in this situation.
When I ask, “is Jerome Powell a Patriot,” it is a question, not a statement. I don’t know, but I’m willing to explore the facts, which like I said, don’t seem to add up to him working with the deep state cabal. There are some pretty big differences between the recession caused by the financial collapse in the Fall of 2008 and the situation we find ourselves in today. The common denominator is corruption, of course.
Here is my premise: Jerome Powell is working with Trump and other Patriots to take down the corrupt banking cabal. To bring the US financial system under the control of the US, something that has never occurred before. It is possible, or rather very likely, the US financial system has been controlled by foreign powers since the forming of the nation.
Most who consider themselves a conspiracy theorist understand Wall Street funded the Nazis as well as the Soviet Union. Both have since fallen. Were these simply bad business decisions by Wall Street? Or did this occur because the US financial system is/was under the control of foreign powers? If you answered “bad business decisions,” you should probably stop reading now.
Let’s go back to the year 2018.
On 2/5/18, Trump appointed Jerome Powell to become the head of the Federal Reserve. Two months later, he appointed John C. Williams as the head of the New York Fed. Moving Williams from the San Fransisco Fed to the New York Fed angered some progressive liberals; they claimed they were angry because there wasn’t enough diversity, and they preferred a woman or person of color to be appointed. I would argue they really opposed Williams because their foreign handlers knew what was going on.
By the way, Trump couldn’t jettison Janet Yellen from the Federal Reserve fast enough, but he had to wait a year, and Williams, who was appointed to lead the New York Fed, is considered the architect of the new system of determining overnight lending rates known as SOFR. We’ll get to that a bit later.
After Trump hired Powell to lead the Fed in 2018, Powell immediately started raising interest rates, stating that, even though inflation was very low, he feared it could eventually start to rise. After raising interest rates four times, the stock market began to suffer. The S&P 500 was down around 20% towards the end of the year. Trump put the blame on Powell for raising interest rates. It’s the first time I can remember a POTUS being critical of the FED’s actions. In 2019, Powell cut interest rates three times, bringing the stock market back up. In hindsight, I can see this as Kayfabe—Trump and Powell pretending to be at odds with each other.
Who hired Powell and Williams? Trump. Who was replaced as the head of the Fed? Janet Yellen. Who did Biden appoint as head of the Treasury? Janet Yellen.
We all know about the financial collapse in the Fall of 2008 that led to a recession. America suffered while the banks were bailed out. “Too big to fail”.
But what was happening with interest rates BEFORE the collapse? The year prior to the banking collapse, interest rates were starting to be cut. They went from 4.75% in September of 2007 to 2% in April of 2008, and the collapse occurred six months later. Remember, they cut interest rates if they feel the economy is in trouble, and a year before the banking collapse, they started cutting interest rates.
What has been happening with interest rates the past year? In the past year, interest rates have gone from 0.25% to 5%. This is the opposite of what happened leading into the financial collapse in 2008.
By the way, care to guess what interest rates were doing heading into 9/11? In January 2001, interest rates were at 6%. In September, prior to the 9/11 attacks, interest rates were down to 3%. Almost like they knew the financial system was in trouble a year prior to 9/11 and they needed to create an event to not only distract from the financial system’s problems, but to create a war(s) to bail the system out. But I would never make that assumption, because someone might call me a crazy conspiracy theorist.
Okay, let’s get back to today.
On June 30th, 2023, LIBOR will be completely replaced by SOFR. What the heck is LIBOR and SOFR? Unlike our financial industry, who try to make things seem more complicated than they really are by using terms like “swaps”, “derivatives” “futures” and “repos”, I am actually going to explain what they are.
Swaps, derivatives, futures, and repos—these are all tools used to lessen bankers’/investors’ risk. Because they may not know what future interest rates or prices of commodities might be, they buy and sell options so they can guarantee a future price or rate.
Let’s say you are a cereal maker. If the price of wheat goes up in a year, this could greatly affect your ability to make a profit at that time. Because of this uncertainty, you are willing to pay a premium for a guarantee to be able to buy wheat at a set future price. Someone is guaranteeing they will sell you their wheat at that future set price. The seller does this because they are afraid the price of wheat might fall in the next year. Both sides are diversifying their risk.
Back to LIBOR and SOFR.
What is LIBOR, in simple terms?
The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.
The key things to understand about LIBOR are where it comes from, London, and how it is determined, arbitrarily.
SOFR (security overnight financing rate) is a benchmark that financial institutions use to price loans for businesses and consumers. The overnight financing part of its name references how SOFR sets rates for lenders: It’s based on the rates that large financial institutions pay each other for overnight loans.
SOFR provides a robust and transparent method for determining a common benchmark rate based on observed, cleared transactions in the marketplace.
SOFR is a much more resilient rate than LIBOR because of how it is produced and the depth and liquidity of the markets that underlie it. As an overnight secured rate, SOFR better reflects the way financial institutions fund themselves today.
The key things to understand about SOFR are where it comes from, the US FED, and how it is determined—by using actual data.
Who again is the architect of SOFR? That’s right, John C. Williams, the guy Trump appointed as head of the New York FED. John C. Williams was appointed by Trump on 4/3/18. Care to guess what day SOFR started? That’s right. 4/3/18.
I’m getting the sense here that Trump wanted to replace the City of London-controlled LIBOR system with the US Federal Reserve controlled SOFR system.
If you were corrupt, would you prefer a system that is arbitrary, or a system that is determined by actual data? A system that can be manipulated, or a system that is transparent? LIBOR is arbitrary, and SOFR is transparent.
Now, on to Powell.
Again, Trump appointed him the head of the FED in February of 2018. Powell is still the head of the FED, he was re-appointed for another four years by Biden in May of 2022, even though Biden made it known to those around him that he didn’t want Powell to head the FED. People close to Biden said he was pressured by Wall Street to re-appoint Powell. Recently coming off the Afghanistan fiasco, with approval ratings at an all-time low, Biden was afraid Wall Street would crash the stock market if he replaced him.
The Democrats wanted Biden to elect fellow Democrat, and woman, Lael Brainard to be head of the FED. Instead, Biden re-appointed Republican Powell. Brainard is in lockstep with Biden’s climate agenda, while Powell said he would not make it a top priority. Biden likely wanted to create an appearance of being bipartisan, and up to that point, Powell had done nothing to make him believe he wasn’t on board with him. Still, Biden had the opportunity to get a Democrat woman in the position that pushes the climate agenda and still chose to pass.
Why didn’t Biden replace Powell? In short, I don’t think he was allowed to.
In the first year under Biden, inflation went from 1.4% to 7.9%. Six months into Biden’s Presidency, Powell said inflation was transitory, even though it was quadruple what it was when Trump left office, and chose not to raise interest rates. Remember, Powell raised rates under Trump even though inflation was very low in fear they may start to rise. Now that they had actually risen under Biden, Powell didn’t think the interest rates needed to be raised.
Shortly before Powell was re-upped by Biden for another four years, in early 2022, Powell started to raise interest rates. 0.25% at first, but once he was reappointed those rates jumped to 0.75% a month. This tells me he held off on raising rates to get re-appointed, but once he was reappointed, he was activated to take down the cabal banking system.
Now I need to introduce a new concept—US dollars versus Eurodollars.
US dollars are US dollars held within the US, and these dollars are taxed. Eurodollars are US dollars held outside of the US, in Swiss bank accounts, the Caymen Islands, Panama—these dollars are not subject to US taxes. The term ‘Eurodollars’ comes from the money that was supposed to go towards rebuilding Europe after WWII. But a lot of that money was embezzled and sent to offshore accounts.
Where do you think Deep State criminals prefer to keep their money?
To keep things simple, think of US dollars as our money, and Eurodollars as Deep State money. It is said there is a lot more Eurodollars than US dollars. If only there was a way of getting those Eurodollars back into the US.
What if Trump jump started inflation by sending out COVID checks to create an excuse to massively and aggressively raise interest rates? What would raising interest rates do to the US dollar and Eurodollar?
Since Powell started raising interest rates a year ago, US dollar futures have gone from $98 to $103. During this same time, Eurodollar futures have gone from $99 to $95. The US dollar has been strengthened by $5 and the Eurodollar has been weakened by $4— a $9 difference. It seems to me the Deep State money is being crushed, and the US money is being strengthened. How long before the Deep State money loses all value, or needs to be brought back into the US?
Remember when Trump cut corporate taxes and big American businesses started bringing money back into the US? It’s almost like this guy knows what he’s doing.
It has to be pretty obvious to everyone reading this that Biden isn’t trying to weaken the Deep State’s money. To me this likely means Powell is working with Trump to take down the Deep State cabal, and there is nothing they can do about it. The Deep State is slowly being bled out.
Something else I should point out—Yellen has gone out of her way to undo any good that Powell has done by using the US Treasury to counter any Federal Reserve moves. Because of this, the process is taking longer.
For those who are unaware, the banking system has corruptly manipulated things for a very long time. In the past, when they manipulated the financial system into a point of no return, they would create a war as a reset. WWI, WWII, Korea, Vietnam, The Gulf War, Iraq, Afghanistan. For some reason, they aren’t able to get boots on the ground in a foreign war this time around. Almost like someone behind the scenes isn’t allowing it to happen.
What foreign powers run the US financial system?
There are three cities on earth that come under no national authority: they have separate laws, they pay no taxes, they have their own police force and even possess their own flag of ‘independence’. These three cities control economies, military onslaughts and religion. These three cities are actually corporations.
They are the City of London, District of Columbia and the Vatican. Together, they control politicians, the courts, educational institutions, food supply, natural resources, foreign policies, economies, the media, and the money flow of most nations.
The City of London is said to control the world’s financial system, the Vatican controls world religion, and D.C. controls the world’s military. Obviously, there is some overlap between the three, but this is how it is said to be. If you’ve ever seen the Mad Max movie Beyond Thunderdome, there is a character called Master Blaster— a little person who sits on the shoulder of a hulking, mentally challenged man, controlling him. This is like the City of London and the Vatican sitting on the shoulders of D.C.
Sorry people, but yes, we are the mentally-challenged brute in this scenario.
The British Parliament does not apply to the City of London; however, the City of London is not an independent nation like the Vatican. Today, the City of London is a one-square mile city. The City of London is separate from the rest of London and England. The two Londons have separate city halls and elect separate mayors, who collect separate taxes to fund separate police who enforce separate laws. The City of London has its own separate flag and crest.
The City of London houses the Rothschild-controlled ‘Bank of England’. Lloyds of London. The London Stock Exchange. All British Banks. The Branch offices of 384 Foreign Banks. 70 US Banks. Newspapers and Publishing Monopolies. The Worldwide Freemasonry Headquarters. This money cartel is known as ’THE CROWN’, and all of this takes place within one square mile.
Washington, DC is not part of the USA. The District of Columbia is located on 10 square miles of land. DC has its own flag and its own, independent constitution.
Some posit that the Act of 1871 passed by Congress created a separate corporation known as THE UNITED STATES & corporate government for the District of Columbia. Thus, DC acts as a Corporation through the Act. The flag of Washington’s District of Columbia has 3 red stars (one of multiple theories is the 3 stars denote DC, Vatican City and City of London).
The Vatican City is not a part of Italy or Rome. It is said the Vatican has massive amounts of money, which the City of London controls.
I believe, and many believe, the US has never been in control of its decisions. It has always been controlled by foreign powers … foreign bankers. After all, the US entered both WWI and WWII even though 90+ percent of Americans thought we should stay out, until false flag operations were used to inspire Americans to enter both wars.
While most think our economy is falling apart due to bad policies put forth by our current administration, let’s look at some other possibilities … other things that may be happening.
While interest rates are going up, the US dollar is getting stronger, and the Deep State money is losing value.
With the switch from LIBOR to SOFR, the US is gaining more control of its financial system, taking that control away from foreign powers.
As I mentioned earlier, I believe the US Federal Reserve has done unimaginable damage to our country over the past 100 years, but I also believe the Federal Reserve has been controlled by foreign powers all this time. Is it possible that this evil tool has been taken over by Trump and the Patriots and it is now being used to save our country? I can’t say for sure, but if you look at how its actions are hurting the Deep State, it doesn’t make sense that the FED is currently working with the cabal.
If Trump is controlling the FED and using it to destroy foreign control, it doesn’t make sense to me that he would allow the FED to drive us into a brick wall at 65 mph. It doesn’t make sense to me that he would have left office knowing that doing so would allow the Deep State to destroy our country.
If you believe Trump abandoned our country and walked out of the White House knowing Biden would destroy our country, why would you vote for him in 2024?
The BRICS nations aren’t coming together to destroy America; they are creating an alternative currency to destroy the foreign cabal bankers who run the world. The world will always need the US. We are the center of innovation and technology in the world. No one is abandoning us; we aren’t being left behind.
I believe that Trump is working behind the scenes with other Patriots, possibly including Powell, to take down the Deep State cabal. Everything Powell has done over the past year has been bad for the cabal banking system.
Do people think this is a coincidence?
I believe Trump hand picked Biden and Harris to run the economy into the ground with their corrupt policies. This has kickstarted the demise of the cabal’s foreign control.
Maybe I am crazy to believe that, if we are a little conservative with our spending for a while, most of us will come out of this financial ‘changing of the guard’ just fine.
The facts are that, since Powell started raising interest rates, the US dollar has become stronger, and the Eurodollar has become weaker. Traditionally, financial collapses have occurred after CUTTING interest rates, not after raising them. If Powell is working with the cabal bankers, why are money laundering banks beginning to go under? Why are no US troops in foreign countries fighting wars to bail out the financial system like in the past? Powell doesn’t appear to be working with the cabal or the Biden Administration and there doesn’t appear to be anything they can do to control him.
I’m not saying things aren’t bad for us right now, or that current policies aren’t bad for the economy, or that things might not get much worse, but maybe this is necessary to take ownership and control of our country for the first time since its founding. Emphasis on “first time”.
We’ve always been controlled by foreign powers. Getting free from these foreign powers is an epic undertaking; it makes sense that it would require a little pain.
Badlands Media articles and features represent the opinions of the contributing authors and do not necessarily represent the views of Badlands Media itself.
If you enjoyed this contribution to Badlands Media, please consider checking out more of my work for free at Erik’s Substack.
California is in the process of splitting the state. We are very far into this process. We are working with Congress to make this happen sooner rather than later. The new state will be called New California State. The 51st state of the United States. It will take up 90% of the land and 50% of the population. It’s rural v. urban. Old California will be SF, LA, Sacramento, Silicon Valley & 40 miles of the coast. Why do I bring this up? Our VP & Financial Advisor agrees with you completely & has said for the last few weeks that Jerome Powell has made decisions recently that prove that he is a patriot & that he has Americas best interests at heart. Whether he’s working with Trump he has not said, but I think from everything that I’ve read you are spot on. He has said that this recession/depression will hurt the wealthy & benefit the average American. America will come out of this a much better country.
Another insightful analysis, Erik! I have thought for quite a while that the DS was having too rough a time to be in full control of things. You can almost hear Trump saing "Watch the money - that will show you the signs".