Federal Reserve Act 13 (3)

Do you understand the economy? Do you understand finance? How old are you? What’s your income level? What kind of debt do you have? How do you manage your finances and what obligations do you have? All of these answers are as different as there are people and circumstances; however most of us understand the concept of capitalism is if you borrow money, you pay it back if you want to borrow more money. It’s called credit risk and our entire system and your ability to borrow is determined by your history of paying. Whether you’re an individual or a business no matter what size, the fundamentals are the same. If you are granted credit, the agreement is that the amount of money you borrow will be repaid. Whether it’s for a car loan, an education, a house, a business, a building or whatever you can imagine, the basic fundamental structure is the same.

Things get more complicated if you’re dealing with larger loans for commercial real estate or developments or dealerships or restaurant chains and on and on but even in these situations, the amount of loans are dependent on the collateral and underwriting associated with that loan predicted on one’s ability to handle the debt service that is also tied to interest rates which depending on where you fit in the food chain determine how much investment capital will impact the real economy. There’s also a part of the system called the Shadow Sector which of course for those that don’t understand what it is might intuitively raise an eyebrow and justifiably so. If something happens in the shadows, might that make you nervous? It should.

The base formula for everything is the notion of reason and logic and business sense married with common sense that mirrors the fundamentals of borrowing that should inform most people’s understanding of how our economy works.

So, all things considered, if you make horrible decisions that lead to enormous mistakes that simultaneously run up your debt while you continue to make really stupid decisions like continuing to borrow when you know you don’t have the income to pay down your debt, how does that typically work out?

In your experience if you lie on documents and lie on your income level and taxes and all of the other elements that create your economic reality, have you ever encountered a lender that would hyper increase your credit limit while simultaneously buying all your debt?

How easy would your life be if you had no parameters, no consequences and endless capital?

What would your life be like? Is it impossible to imagine? Now consider your current reality and ask the same question, only knowing the richest people in our society and our financial system do exactly what’s just been described? Might it make sense that there is a huge disparity of wealth, that none of our gigantic problems ever get fixed, that we have forever wars and systemic racism in prisons, and hyper inflated costs in our real estate and all costs of our life while we witness the likes of Donald Trump never having to face the consequences of his actions? How can this be possible?

Because of the amazing journey Patrick has been on and the never ending revelations he’s discovered, the mother of all of it that makes it all make sense is the fact that those that run our economic system, that we call Systemically Financial Institutions and the Shadow Sector that constitute our financial sector that manage the life blood of not only our economy, but the economy of much of the world, aka Wall Street, was literally bankrupt in the aftermath of the 2008 Great Financial Crises because of all thing things we show you in our work The Con and further revealed in The New Untouchables:The Pecora Files.

Imagine if you will, a business model based on what’s known as Modern Executive Compensation, in which the volume of loans for homes were incentivized by CEO’s of banks to hyper increase the volume of loans made because that’s how banks make money. Now imagine these incentives making their way through the entirety of the sales pipeline that would lead to millions of loans being made using falsifying fake documents to get loans approved using deceptive acts and practices. Now would you think that is legal? Would any regulator responsible for the integrity of the housing market look the other way if they were aware tens of millions of fake documents and other deceptive practices in the pipeline of real estate be allowed to hyper inflate the value of homes such that lenders would incentivize the brokers to make astronomically fraudulent loans that would require the complicity of the underwriters, responsible for ensuring the borrowers ability to payback loans, did just the opposite? Why would they? They were told to approve the loans without underwriting because everyone in the food chain from real estate agents, to brokers providing loans, to underwriters to appraisers to derivatives managers responsible for selling CDOs and Credit Default Swaps were all being paid to move products that were known by everyone to fail. These were called liars loans. The reason they existed was to satisfy the short term growth of huge financial firms that didn’t actually hold the loans and weren’t vulnerable to their performance. They were working on volume and moving products across the assembly line into Mortgage Backed Securities that were then further sliced and diced into derivatives.

What does all this mean?

Essentially a $4.5 Trillion dollar housing bubble in 2006 had morphed into an $800 Trillion dollar global calamity that eventually fell in on itself and brought the global economy to a screeching stop because the financial system ran out of liquidity, which is the ability to handle short term debt.

Now going back to the above description based on your own existence, think about it. If you intentionally made horrific choices to destroy your capacity to handle your debt based on criminal decisions, would you expect the entire system, both of the law and the bank to look the other way, smile, and give you more money than you possibly dreamed of?

How could that happen?

Because the law failed to reign in crime. But when the bottom fell out and the economy couldn’t manage the crime, the financial system simply turned to our central bank – the Federal Reserve. Then the Federal Reserve and the Federal Government pretended to manage our way out of the problem by miraculously having an otherwise dysfunctional congress do something for the country by passing what was known as TARP – stimulus to remedy the problem of the banks lack of liquidity, by simply providing them a massive injection of liquidity to the tune of $700 billion dollars. The American people had never known of something so monumental in their lifetime because it never happened before, and seemed to suggest all would be normalized and the economy would once again begin to function while the retirements of millions of Americans would be safe. Unbeknownst to the world, except for the uber rich and oligarchs around the world that had since usurped nation states, they would be made whole from the losses brought on by the worst crisis since the Great Depression.

But instead of the United States government pressing the full force of our institutions to sort out how the collapse occurred, instead, as in all situations where the unknowing party is blindsided, the reaction was to simply regain one’s balance. In so doing, the priority for the Obama Administration was to save the economy from completely going over the edge into the abyss. What the country and rest of the world didn’t understand because media had no interest in understanding what was going on or was told not to, were blind to the goings on at the Federal Reserve that saw 98 secret meetings that would determine to use an obscure law passed in 1932 during the Great Depression known as Federal Reserve Act 13 (3) to be able to provide a massive and secret emergency lending apparatus that would go on to not only pump $33 Trillion to the criminals that created the global calamity but an additional $16 Trillion in a process known as Quantitative Easing. Both of these secret bailout programs were maneuvered into position secretly because it was illegal.

While as insane as all of it is, it was just the beginning.

The same emergency funding that was used to guarantee the largest criminal conspiracy in history was supposedly bottled up by the Dodd-Frank act to prevent all of this from ever happening again. Instead, they left a caveat that only the secretary of the treasury could ever override the statues of Dodd Frank and ironically, this would take place during Trump’s administration when his Secretary of the Treasury was Steve Mnuchin. Mnuchin was all too familiar with “emergency funding,” since California Attorney General Kamala Harris let him get away with the same fraud techniques that created this global disaster in California that would destroy hundreds of thousands of lives in California. Possibly much more.

Mnuchin would go on and enable another $22 Trillion of emergency stimulus during a 2019 global REPO run, which had similar characteristics to the run that created the 2009 crisis.

Then on top of it, Mnuchin would use the same stimulus during Covid to keep the economy afloat yet again, but this time it was illegal because of the built-in loop hole of Dodd Frank.

Further, Biden used it to bail out the billionaire banks during the 2023 crises that involved, among others the banks, those institutions used by Tech billionaires that are now in the midst of a social media coup d’etat.

So again, given the question that started your journey to this point, did the founders of this country, defeat the tyranny of England in our American Revolution to create the bill of rights and constitution to create separation of powers envision giving billionaires endless amounts of capital for betraying everything this country is supposed to be?