The Nazis in the White House Story: Part 23
Nazi-infested FED Destroys America

The Federal Reserve is a monster created by German born Paul Warburg circa 1913. Germany has been the No. 1 enemy of the US for a hundred years. Their main goals are to elevate Germany to prominance in the Global economy and destroy America.. Germany that shitty little country, smaller than Montana, causing all of the trouble in the world for a hundred years!

John Jay, first Chief Justice of the Supreme Court, President of the Continental Congress, Ambassador to Spain, Secretary of foreign affairs, and author of the Fedealist Papers with Madison and Hamilton wrote a letter on July 25, 1787, to George Washington, presiding officer of the Constitutional Convention stating the importance of keeping foreign spies out of the Federal Government:

Framers of the Constitution could never have dreamed of foreign spies infiltrating and controlling the White House, Congress, the Supreme Court, and the Federal Reserve.

Using the Ferret Out Foreigners method that analyzes the typical fifth grade level English speaking of foreigners and other characteristics,

The Nazis in the White House Story: Part 21
Clinton Just Another Nazi Spy
http://www.hoaxofthecentury.com/ClintonNaziSpy1.htm

the Bushes, the Clintons, Obama, and Pelosi clearly speak like foreigners. Their lack of credible American genealogy data indicates Germany birth or in Obama's case probably Thailand.

In addition, putting Federal Reserve chairmen Volcker, Greenspan, and Bernanke to the FOF method shows similar poor English speaking skills and a dreath of American genealogy data. Basically the test of a Nazi spy is poor English speaking and constant policy decisions harming America. Nixon and Reagan were dupes for Nazis in the background with excellent English speaking but otherwise met the Nazi test with a shitload of policy decisions destroying America. What else could be expected of Nixon merely a probate and divorce lawyer and Reagan merely a Grade B actor.

The Federal Reserve has a reportoire of actions that can be used to keep the American economy on a stable growth pattern without inflation. All such actions except changes in the PRIME RATE have been avoided since Volcher, Greenspan, and Bernanke inflitrated the FED.

Notice in this graph how a change at the FED doesn't mean a change in PRIME RATE, a clear conspiracy against America. Instead of FAIR interest rates so SAVERS are rewarded for sacrificing their consumption for the future and DEBTORS are penalized for not saving or at least have an indication of future interest rates to make business and personal decisions, the FED moves the rate up and down to create disasters in the economy.

Furthermove savings are taxed at a high rate while debts are used as tax deductions. The 1986 tax bill allowing mortgage interest deductions and changes in the capital gains tax raped the US Treasury and sent housing costs skyrocketing.

This graphic shows how the Nazis created the Financial Meltdown. At Bush's inauguration Greenspan dived the Federal Funds rate which is 3% lower than the PRIME RATE, a profit margin for the banks. Then homeowners were sold on low interest adjustable rate loans with the expectation that low interest rates were on the horizon. In 2004 Greenspan announced that interest rates would increase on automatic pilot. The FED is supposed to be secretive about its rate moves so as not to roil markets and investors.

Wtih the increased costs to service loans banks galore were stuck with a bunch of empty houses and a bunch of bad loans. With the low interest rates on saving instruments people stopped saving in banks by going to the stock market to get a return and banks had no source of cheap money. The dollar dropped with the low interest rate and oil prices skyrocketed. In Australia the banks increased their interest rates to lure savers for a cheap source of money and the Aussie dollar skyrocketed. Bankers there were quoted as saying it is cheaper to get money from our customers than it is to get wholesale money which has considerable carrying charges and detrimental effects to the balance sheet and income statement and has to paid back. For banks ample saving deposits is a win-win proposition.

Bernanke says the reason they keep the rates low is because they have a DUAL MANDATE from Congress to keep inflation down, which is done by ignoring housing, energy, food, stock prices in their calculations, and a high employment rate (See How to Lie with Statistics). The 1978 Humphrey Employment Act however says NOTHING about a HIGH EMPLOYMENT MANDATE:

The FED as part of their Financial Meltdown strategy required banks to value the assets on their balance sheets by the current market value even though the asset wasn't being sold. Congress stepped in to eliminate the MARK TO MARKET rule and banks started lending again.

Commentators frequently mention that Volcker, Greenspan, and Bernanke are hard to understand BECAUSE THEY ARE ECONOMISTS. No, because they are foreigners and speak Fifth grade level English. That includes economic terms being rarely used. Procyclicality in the only economic term used in this example. This excerpt shows Bernanke's response to a question on the MARK TO MARKET rule.

The are no complex sentences in Bernanke's replies but FIFTEEN ANDs, ORs, or BUTs.

Now we have Volcker on MARK TO MARKET. SIXTEEN ANDs and BUTs. NOT A SINGLE ECONOMIC TERM.

To emphasize Congressional action from this excerpt::

Representative Waxman takes on Greenspan and Greenspan blames lenders not FED policy.. Highlighted in purple is a LONELY complex sentence. THREE ANDs and a BUT. No economic terms.