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FEDERAL RESERVE: FOIA, AND AUDIT

January 29, 2020

ppjg ECONOMY, Fed Reserve & Fiat Currency, Government, The PPJ Gazette , , , , , , , , , , , , Leave a comment

Olde Reb

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Conspiracy theorists have a history of sullying the good name of the Federal Reserve. They even attempt to get legislation passed in Congress so that an audit can be authorized. Their efforts have been unsuccessful.

The Federal Reserve banks have claimed they are privately owned institutions and not subject to FOIA requests, and support the claim with two Federal court adjudications on other issues. Those court opinions specifically identify the holdings are restricted to the issues before the court.

FOIA requests directed to the Federal Reserve system are codified at 12 CFR 261. 12 CFR § 261.3 (a) identifies the Secretary of the Board of Governors as custodian of all Federal Reserve records. 12 CFR § 261.3 (c) directs service to the Secretary of the Board. Procedures for requesting records are detailed at 12 CFR § 261.12.(b) and (c). Bloomberg media received court support for their demand for FOIA access to Federal Reserve bank information:

“So long as records at the [Federal Reserve Banks] satisfy the plain language meaning of 12 C.F.R. § 261.2(i)(1), they qualify as agency records of the Board and are subject to FOIA requests. …[The CFR reads]: Records of the Board include . . . all information coming into the possession and under the control of the Board, any Board member, any Federal Reserve Bank, or any officer, employee, or agent of the Board or of any Federal Reserve Bank, in the performance of functions for or on behalf of the Board that constitute part of the Board’s official files; or [records] [t]hat are maintained for administrative reasons in the regular course of business in official files in any division or office of the Board or any Federal Reserve Bank in connection with the transaction of any official business..[provisions are to be broadly applied].The FRBs give all revenue in excess of expenses to the U.S. Treasury. 12 U.S.C. § 289.” Bloomberg L.P. v. Board. of Governors of Federal Reserve System, 649 F. Supp. 2d 262, 274++ (S.D.N.Y. 2009), aff’d, 601 F.3d 143 (2d Cir. 2010). emphasis added.

But what records would be of interest ? Well, it has been theorized that a considerable amount of funds from the Federal Reserve’s handling of government funds from auctions of Treasury securities disappears.1 The FRBNY, as fiscal agent of the U.S. government, has exclusive management of disbursement of the funds and any related function they wish to claim.2 The accounts currently handle over $10 trillion annually and no audit of the funds has been found.

Treasury Direct identifies securities for redeeming market securities usually have an approximate 10% “new cash” allocation.3 That would appear to relate to deficit spending. Funds for redeeming securities are disbursed in large part to select Primary Dealers who collect designated securities—or who have the securities they hold identified for recall. PDs also bid on auctioned securities. Transfer of funds for redeeming securities from funds received by auction does not increase the currency in circulation (inflation) nor does it increase the National Debt.

If funds designated as ‘new cash’ went to the government, they would have to purchase securities. There is no known government account that receives the approximate $1 trillion annual funds. If the funds purchased securities, they would eliminate any increase in currency in circulation (inflation) and would not increase the national debt. This obviously does not occur. Where do the funds go ? It undoubtedly involves a scramble of CUSIP numbers.4

The above discussion should not be confused with QEs or non-QEs. Those involve collateralized credit [not to be confused with money] extended by the Federal Reserve authorized by 12 CFR § 201.3 (a) identified as loans and, in large part, have been paid back. Some pundits claim they were made to prevent an economic collapse; some same it was a postponement.5 If a commercial bank was doing it, it would be called fractional reserve lending without any reserve requirement; it is the key to rampant inflation.

It would appear that FOIA can be used to obtain the records maintained by the FRBNY as to the disbursement of ‘new cash’ funds and the consideration received for them from the identified recipients. Some pundits claim the central bank is owned by the Rothschild.6 Other pundits claim the BOG is a privately held corporation with shares owned by select Primary Dealers and others.7 Maybe FOIA can find out what is correct.

Failure to take any action has been prophesied to result in a Greek/ Argentina oppression and collapse of the U.S. society.8

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Footnotes:

1 .. https://thedailycoin.org/2018/08/21/the-federal-reserve-a-different-view-updated/ ; https://ppjg.me/2019/11/18/the-federal-reserve-a-different-view/

2..31 CFR 375.3.

3..https://www.treasurydirect.gov/instit/annceresult/press/press_cashpydwn.htm

4..https://www.zerohedge.com/markets/helicopter-money-here-how-fed-monetized-billions-debt-sold-just-days-earlier?utm_campaign=&utm_content=ZeroHedge

5..https://www.zerohedge.com/markets/944-trillion-reasons-why-fed-quietly-bailing-out-hedge-funds; https://realinvestmentadvice.com/yes-rates-are-still-going-to-zero/

6..https://usahitman.com/o3clwrcb/

7 …https://www.spartareport.com/2019/11/the-federal-reserve-a-different-view/;

8…https://ppjg.me/2019/11/18/scenario-of-national-bankruptcy/.

The Coronavirus: They’re Trying to Sell A Vaccine

January 29, 2020

ppjg families, HEALTH, no fake news , , , , , , , , , , , , Leave a comment

NoFakeNews

By Dr. John Reizer

Author of The Target List Audiobook

What is the ultimate objective of the powers that be with regard to the coronavirus that is getting so much coverage on the national and international mainstream media? Simply put, they want to roll out a new vaccine and sell it to everyone.

In order to accomplish their objective, they  have to make it seem like the disease is going to be the end of the world. They want us to believe the coronavirus is more of a threat than it is.

Deceptive Terminology Being Used

The words Endemic, Epidemic, Pandemic, and Outbreak, are often used interchangeably by government regulatory agencies as well as by the mainstream media companies to purposely mislead citizens about the dangers associated with certain diseases that may or may not be affecting various communities at any given time.

Endemic is the term used to describe a disease that regularly exists in a certain community. For example, measles is supposedly no longer endemic in the United States because there has been an absence of reported, continuous measles transmission cases for 12 months or longer. According to government regulating agencies, the disease is only transmitted in the United States by unvaccinated citizens that visit foreign territories and then bring it back home. These individuals supposedly infect other US citizens that have not been vaccinated.

Epidemic is the term used to describe a disease that has increased its number of reported cases in a community at a rate of one case more than was anticipated by health officials. For example, if a specific community normally expected 5 cases of measles each year based on previously reported health statistics, and suddenly 6 cases were reported, this would be an epidemic.

Pandemic is the term used to describe a situation where several epidemics are being reported throughout a country, in different countries or around the world at the same time.

Outbreak is the term used to describe a disease that has been reported in a community for the very first time or not for several years. Or the cases currently being reported are one case higher than previously reported. For example, if a given community has one case of measles reported in a given year and there are normally no cases reported, this would be an outbreak as well as an epidemic.

The reporting of epidemics and pandemics through media sources are very confusing to the general public. When people hear or read about these terms they often believe that millions of people are being infected with a disease process. Truth be told, the terms epidemic, pandemic, and outbreak are usually referencing only a few cases of a disease process that have recently occurred.

It is vitally important that readers understand the lexicon being used within the public health profession before blindly jumping to conclusions and making poor decisions that might end up harming them in the long run.

The coronavirus, if one exists, is being made to appear more of a problem than it is. If viruses actually spread like the CDC and other regulatory agencies claimed, we’d have all died long ago.

We have been brainwashed by movies and now believe synthetic vaccines are the only solution to resolve the fake plagues being creatively released into society by regulatory agencies that are financially influenced by big pharma.

Turn off the mainstream news. They are lying to us.

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