Federal Reserve Yellen declares open war on Trump

I enjoy listening to Bill Still on YT.

The video I have questions about is linked below. It was put on YouTube yesterday and it already has over 15,000 views and the way YT lately has been falsifying down numbers it does not approve of , that 15,000 views is probably quite lowball.

Anyway, I am trying to understand what the Fed's raising of interest rates actually means for we little guys. If anyone can answer my questions or comment on whether my understandings from this video are correct or incorrect, I would appreciate it.

First of all, Still says outright that it has long been known that the Federal Reserve is left leaning when on the surface they claim to be neutral and just trying to manage the economy in a fair and balanced way. That is true and that is important, but of all I have imbibed about the Fed and the economy over the years, I just wonder why this is now only being stated clearly right now.

Trump needs to get rid of Yellen immediately and any other Fed officers he has the authority to dismiss as a first step to ENDING THE FED. We do not want to fiddle around with Ron Paul's "Audit the Fed" anymore. It is now crystal clear that the Federal Reserve is openly working AGAINST the U.S. economy and national sovereignty and working against current President.



https://www.youtube.com/watch?v=mtbPkcZpZmY


The Fed Declares War on Trump, #1454
The Still Report
The Still Report
86,291
15,185 views
Published on Jan 26, 2017

"So let’s get this straight – [B][U]when the Fed raises interest rates it is to worsen the U.S. economy. Why? When interest rates go up, what happens? There is less borrowing.
So what do you suppose happens to the total amount of money in the U.S. economy when there is less borrowing? There is less money. And that’s how the Fed justifies it."

Still goes on to say that the little guys go bankrupt when there is less borrowing and therefore less money in the economy.

I am not exactly sure exactly how that takes place.
It seems like it is good that we poor people cannot borrow as much and that we do not get involved in crooked credit deals. It seems like that IF it is good that this less-credit, less-money-in-circulation situation actually will ostensibly hold down inflation and prices of groceries and necessities the poor man has to buy, then it is not real clear to me exactly how this will make the poor man go bankrupt.

Still went on the explain that the big moneyed elites will then come in and buy up at pennies on the dollar the assets the poor man had to give up when they went bankrupt.

I guess the assets Still is saying the little guy will have to give up refers to their house asset, mortgages, if they have non-fixed rate mortgages because the payments will become too expensive each month. Or maybe he is referring to newer cars poor people have purchased with all the low interest loans on vehicles. I just am unclear on exactly how tighter credit and defaulting on loans the poor man never should have been sucked in to to begin with is such a bad thing. I also do not see that not even applying for higher interest rate loans on houses is a bad thing. It seems like a good thing.

The only really big bad thing I see for the poor man is that he will be forced into renting the asset houses that the rich guys bought up and those guys are holding all the cards and will keep raising rents on properties that will soon equal what the poor man would have been paying for a high interest rate mortgage. I do see that the rich buying up houses and having our shelter costs totally controlled by them is just more of the rich get rich and the poor get poorer - the one percent - taking over everything and leads to the elimination of the middle class and the furtherance of a two class system which leads to the rich's desired class warfare and revolution.

The whole housing market and NINJA loans racket and car sales racket just must be avoided by we poor people.
That is why I think living rural and being self sustainable and out of making loans and debt is the best option for we the poor of America. Live in a shack and have an old clunker for transportation and network and barter goods and services with fellow American growing poor class.

End the Fed Now, Mr. Trump!

It's the old "Pump and Dump". When the central banks loan the principal by creating it out of thin air, they do not create the money to pay the interest. This creates a situation where it is impossible to repay all loans and someone will (absolutely, mathematically) becomes unable to repay the loan. The central bankers and their cronies never lose. They write off the bad debt and step in with imaginary money and buy up real assets for pennies on the dollar. It really is very simple, very evil and must be made clear to the population at large.

Quote:

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Originally Posted by woodman

This creates a situation where it is impossible to repay all loans and someone will (absolutely, mathematically) becomes unable to repay the loan.

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This isn't actually correct. It is possible to repay loans with interest with a fixed money supply. It's simple actually, and here's how it's done. The loan, X needs to be paid back with X+ N% interest. Only the money X was created. So the guy earns the money X and pays it back to the bank, now how does he get the N% in addition to the X? He works for the bank, provides a service or good that the bank wants, and the bank pays him the N% out of the X which they have already been paid back. Then the guy pays the N% back to the bank and the loan plus interest is satisfied. The end result is the bank has a net benefit of those goods/services which are worth N% which they get because they are allowed to create money out of thin air. This is how the banks can end up owning everything, because they get the actual goods they trade the fake money for.

I don't think the fed is exactly worried about a heated economy,

They see an opportunity to cash in on Trump's steam is all, the opportunity never presented itself with Obama.

Niether have to take full responsibility if things go south and why they coexist.

Say what?

The lender does not need or want either goods or services from his debtors. He wants them to stay in debt prison for life.

The usury/debt cycle is never ending and that is just what the elite controllers and the Federal Reserve intend. That want everyone to be in abject poverty and in debtor's prison for life.

The point of my posting was that the Fed is now going to stop lending, that is, it is going to make credit very tight. They no longer need the little guy's lifelong indebtedness just to survive. They already have the little guy in their pocket which means they already control the U S economy and they can let it stay afloat a while longer or they can crash it today. The problem is the quadrillions of debt dollars owed will eventually have to be defaulted on. THAT is the mathematical reality.