Category: Federal Reserve

Tales of the American Empire: The American Colony of Iraq

Tina Marie (Ms. Cat)

In 2003, the United States launched an unprovoked invasion of Iraq, destroyed that nation, and transformed it into a colony. Its proud, professional army was disbanded, its government institutions run by the Baath Party were dismembered, and its national oil company was privatized. The United States created a puppet government and army controlled with a massive spy system that identifies and liquidates dissidents called terrorists. The billions of dollars earned each year from Iraqi oil exports is sent to the New York Federal Reserve bank. Americans use these funds to manage Iraqi government operations, to include the pay for its government officials and generals.

Most American troops left in 2011, but several thousand remained hidden away as training units and backed by American combat units in nearby Kuwait. They engage in occasional combat as part of the ongoing “Operation Inherent Resolve.” In 2020, Iraq’s parliament rebelled and voted to expel all American troops from Iraq. American leaders ignore this demand, blame unrest on Iranian interference, and continue to rule and loot Iraq.

The American Colony of Iraq via Tales of the American Empire

Academic Study Finds that One of the Four Largest U.S. Banks Could Be at Risk of a Bank Run

Tina Marie (Ms. Cat)

The systemic threats to the U.S. financial system were not remedied when Congress passed the watered-down Dodd-Frank financial reform legislation in 2010. While that has been evident with each Federal Reserve bailout of the mega banks and their derivative counterparties, the threat has now gained increased urgency for Congress to confront as a result of a new academic study. A team of four highly-credentialed academics at four separate universities present compelling evidence that one of the four largest U.S. banks, with “assets above $1 trillion,” could be at risk of a bank run.

Academic Study Finds that One of the Four Largest U.S. Banks Could Be at Risk of a Bank Run

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

Tina Marie (Ms. Cat)

As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman Jerome Powell has increased interest rates in the hopes of throwing workers out in the street and thus supposedly reducing prices. While I’m sure that corporate, donor-bought congressmembers appreciate his struggles in the class war against the poor and middle class, it’s all a crock.

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

Powell Makes Unexpected Admissions During Prank Call With Fake Zelensky

Tina Marie (Ms. Cat)

Fed Chairman Jerome Powell made several bizarre, if not shocking, admissions during a prank call with two Russians posing as Ukrainian President Volodomyr Zelensky, where they discussed topics ranging from inflation, to the Russian central bank, to joking about having a ‘printing press’ in the basement and possibly setting up a federal reserve bank in Kiev.

Powell Makes Unexpected Admissions During Prank Call With Fake Zelensky

The End of American “Exceptionalism”?

Tina Marie (Ms. Cat)

The End of American “Exceptionalism”?

This might have a decisive impact on the US currency as the drive to break with the petrodollar continues to grow and could produce something like a “perfect storm” impacting on the US economy. It threatens to drastically lower the standards of living of nearly all Americans within the next several years as the dollar loses value and purchasing power. As the US economy is heavily interconnected with many European economies, Europe is also likely to be a victim of the coming disaster.

The good news, of course, is that the United States will no longer be able to afford its endless wars and international interventions. Lacking its economic power, it will no longer be able to declare itself “exceptional” and the enforcer of a “rules based international order.” It would mean an ending of the funding of developments like the Ukraine proxy war and the troops will have to come home from places like Syria and Somalia. And it might even mark the ending of sending billions of dollars annually to a wealthy Israel.

Ending dollar supremacy would inevitably have an immediate impact on what passes for US foreign policy, making it more difficult for Washington to initiate and sustain Treasury Department sanctions on countries like Iran and North Korea. It could also create economic turmoil for many countries until the situation resolves itself by producing greater volatility in currency markets worldwide. The Federal Reserve Bank will no doubt respond to the unfolding crisis by acting as it always does by raising interest rates to astronomical levels, thereby hurting most the Americans who can least afford the shock therapy.