SoT Ep 43 – John Titus: The Fed And The Greece-ification Of America

The more I learn, the more I realize that the Fed is nothing but a criminal enterprise, that the guys at the top know it.  Everyone within breathing distance of top slots at the NY Fed is a criminal. Remember, the NY Fed shares space with the Exchange Stabilization Fund/Working Group on Financial Markets even though the latter is formally part of the Treasury.   –  John Titus, one conclusion from reading the 2009 FOMC transcripts

The only difference between Greece and the United States is that the United States can unilaterally print its own money – money that enables unlimited Government funding and allows the big banks to remain solvent.  The actual process of money printing and debt creation is implemented by the Federal Reserve and the Too Big To Fail Banks that operate as agents of the Fed.

John Titus is in the process of producing a video about the criminality of the Federal Reserve and its member banks.  His researched is derived from reading several of the transcripts from the 2009 FOMC meetings during the early stages of the QE programs. While the “minutes” of the Fed meeting – released three weeks after an FOMC meeting – summarize the FOMC’s policy stance, the transcripts are the most detailed record of FOMC meeting proceedings.  The release of the transcripts is delayed for five years.

 What comes out loud and clear from the transcripts is that not everybody is on board with policy decisions.  For example the purchase of mortgage-backed assets.  There’s lot of uneasiness among Fed members but ultimately they all go along with the plan. I’ve read a lot of transcripts – probably thousands – and what comes out of the Fed transcripts is that the plan has been decided on beforehand. The FOMC meetings are only there to hand down that plan, to discuss the plan, to discuss how to implement the plan and to prop up the idea that FOMC meetings are some sort of democratic process.  –  John Titus

I asserted in 2003 that the elitists running this country would hold the system up with printed money until they have swept every last crumb of middle class wealth off the table and into their own pockets.  “Middle class” for this purpose is defined as anyone who does not have enough cash laying around and the appropriate connections to buy their own Congressman.  The cut-off level of wealth for this is probably about $100 million in non-real estate wealth.

I always thought that the means to accomplish this was money printing and devaluation of the currency.  But true extraction mechanism is debt.   Banks and bankers create debt and make it readily available to their victims. It’s no different that dealing heroin. Get your target addicted and then keep selling it to the victim until it dies.

The bankers gained economic and political control in 1913 when the Fed was founded. Ever since then, there’s been a gradual transfer of wealth from the 99.9% to the .1%. There’s also been a slow, methodical dismantling  of the Constitution and Rule of Law.   In fact the Fed, the big banks and the big corporations have successfully pulled off a de facto coup d’etat of the U.S. Government.

I don’t consider the U.S. Government to be a sovereign Government because if you look at the sovereign function that a Government performs – money printing for instance – we’ve outsourced that to private banks (the Fed is a private bank). There are hardly any sovereign functions left in the U.S. that are performed by the Government.  – John Titus

Once the middle class ran of out real income to continue buying “things” – like houses, cars and consumption gadgets – the banks began to make debt readily available.  Ever since Nixon closed the gold window, thereby completely removing real money from our economic system, the level of debt has increased at an increasing rate every decade.   Over the last decade the total amount of debt in our system – public and private – has gone parabolic.

Even worse, the system of Rule of Law has been usurped by “Rule of Man.”  The elitists running the system are outright criminals who are immune from prosecution.  Think about it:  Eric Holder as Attorney General -the chief prosecutor in the country – stated that “some banks are too big to prosecute;”  the CEOs of the five big banks collectively admitted to committing felonies, yet none were prosecuted;  the leading candidate to be the next President – for now – has openly committed felonies and treason.   These people and corporations are above the law.

While John Titus is still in the process of researching the 2009 Fed transcripts for his video, he’s already concluded that the Fed is a criminal organization that is orchestrating the takeover of this country and is enabling the process of complete wealth extraction from the middle to class:

The basic point of the video is that the Fed will give as much money as the TBTF banks need in order to stay solvent and pay bonuses.  The Fed will also do whatever it takes to remove worthless assets, infected by criminal fraud, from big bank balance sheets.  The Fed is also monetizing U.S. debt, which it knew as soon as QE started.  

The Fed does these things knowing full well that these acts come at the direct expense of the economy. The logical outcome is what’s happening in Greece, where the powers that be insist that debt–which they know to be wholly fraudulent and which cannot be repaid–be paid back, with blood money if necessary.  The mere existence of TBTF banks is inconsistent with any number of things, including the Rule of Law and national and individual sovereignty.

The chief enabler of the Greece-ification of the U.S. is, without question, the Federal Reserves and the psychopaths running it…Our choice is stark: We can hang them for treason, or they will kill us. That process formally began with the 2008 bailouts.  – John Titus

8 thoughts on “SoT Ep 43 – John Titus: The Fed And The Greece-ification Of America

  1. I have been reading your blog for about six months now.
    I think what you write makes logical sense. The problem
    is that everything that is going on is illogical maybe more
    like bizarre. The realization that I personally concluded
    is that the elites run the game and it is always tough to
    beat the house. The game is going to keep going for quite
    some time. When you can print paper and use the paper
    to swing markets like a yoyo and have a populace that is
    beyond clueless you have the all the necessary ingredients
    to implement your plan. The elite got what they wanted in
    Greece and now can continue to spread austerity on a global
    scale. As you have said before Mr. Kranzler, enjoy what you
    have now because soon the world will be a very different place.

    1. BRJB – And “Jade Helm” started yesterday. The one ‘wild card’ the elites are concerned about is the populace rising up in mass against them.

      To counter this, almost all the preparations have been put in place. The only outstanding issue is the confiscation of ammunition and firearms, which will be coming soon enough. Once that is accomplished, it will be too late to mount any type of effective opposition, without great loss of life.

      Remember, this “control” is being done in the name of public security. To “keep” the public “safe”! The American people have traded their freedom for security and have now become slaves. Enjoy what you have. It’s not going to get any better. Be satisfied with what you got. It’s not going to last.

  2. Very interesting interview with a very good guest.
    Just one thing.

    When it comes to the story with the “Abacus deal” with Goldman and Paulson John said that “Goldman was using Paulson”

    As I recall it was the other way around.

    Paulson identified a very good shorting possibility since he knew what was coming so he paid Goldman to creat a “vehicle” that he could short.

    Then he “went long” with some money just to show the pension funds that they wanted to screw that “Paulson is long Abacus” when he infact had a much larger short position in place.

    Of course the pensionfunds went in and the whole thing blew up making Pauslon 5 billion dollars on the short position.

    This setup is almost to good to be true.

    I guess the pensionfunds are the real “muppets”

  3. At th ePaul Peterson 2015 Fiscal Summit held in May, there was a panel comprised of Greenspan, Richard Fischer and Lawrence Lindsey.

    During the discussion Greenspan outright said 1) JPM would be protected by the Fed, and 2) The Fed is protected by the US Government aka taxpayer.

    Dave–you said the Feds balance sheet would be guaranteed by the US more than a few years ago.

    We are there. Or we are here. Or we are kaput.

    I am gong to become a psychologist. From the get go, it will be a barter business. I will accept people who can supply me with food, healthcare, and other essentials. (just kind of kidding, of we think and see people in Greece are upset, just how much bigger will the problem be here?)

  4. “We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.” — Congressman Louis T. McFadden in 1934 (Rep. Pa)

    “The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers.” — Congressman Louis T. McFadden (Rep. Pa)

    Congressman McFadden
    on the Federal Reserve Corporation
    Remarks in Congress, 1934

  5. Its odd how Martin Armstrong seems to not like this interpretation.
    To him, as near as I can tell, he places the blame on government, not being able to say no to increased spending, effectively as a way to buy votes and stay in power. He’ll give the banks a pass and blame the addict instead of the dealer.
    To me it seems that both are at fault, although here is where the dealer gets to steal your assets using conjured financial heroin as the method to do so, as per Greece.

  6. I would argue that it was not 2008 when this process began – rather with the founding of the Fed in 1903 (?) as the beginning of the end – what TR and Taft begot was a disaster with continued unknown consequences. The debt today cannot be repaid so the whole thing is a fraud perpetrated on the people by the PTB.

  7. Regarding the John Titus interview I’d like to make the following points:
    Common Law is scriptural – comes from the Bible
    Constitutional/Administrative law is man telling man what to do
    Honest weights and measures also scriptural – comes from the Bible
    Funny money comes from man and is their means of control.
    Why do you think that the Mint is still creating money? It’s because we have a choice.
    Law follows the money – so this should tell us what direction we should be heading.
    It also should show us that this is the solution for every individual and does not depend on the “group” to make things happen.
    We must stop playing the victim and right our own ship.

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