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Trump: Federal Reserve Must Stop Ripping Off Americans

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President Trump has put the Federal Reserve on notice for violating the new administration’s America First policy, claiming the central bank has been operating illegally and ripping off Americans.

A warning letter, written by top Republicans and obtained by the Financial Times, accuses the Federal Reserve of burdening American businesses and workers with bad financial deals made with global central banks “without transparency, accountability, or the authority to do so”.

The Federal Reserve’s involvement in secret international banking forums dealing with financial regulation must cease and desist immediately, according to the letter.

This is unacceptable,” the letter states. “Accordingly, the Federal Reserve must cease all attempts to negotiate binding standards burdening American businesses until President Trump has had an opportunity to nominate and appoint officials that prioritize America’s best interests.

FT reports:
Ralph Hamers, chief executive of Dutch bank ING, told the Financial Times that he feared the US could pull back from a global agreement on banking regulation, which has been delayed because of divisions on the Basel Committee on Banking Supervision.

“We don’t know the position of the Americans any more,” Mr Hamers said. “That does mean further uncertainty and uncertainty is never good, it holds back investment and restricts economic growth.”

Mr Hamers was speaking after the emergence of a letter to Janet Yellen, the Fed chair, from Patrick McHenry, one of the top five Republicans in the House of Representatives.

The letter, dated January 31, warned that the US’s “continued participation” in international forums such as Basel, the Financial Stability Board and the International Association of Insurance Supervisors would depend on meeting the Trump administration’s objectives.

Mr McHenry added that such a step would probably involve “a comprehensive review of past agreements that unfairly penalised the American financial system in areas as varied as bank capital, insurance, derivatives, systemic risk and asset management”.

Republicans are also pushing legislation to restrict the Fed’s freedom of manoeuvre. During the election, Donald Trump accused Ms Yellen of keeping rates low at the behest of former president Barack Obama.

“This is a multi-pronged attack on the Fed’s independence,” said Diane Swonk of DS Economics.

In a further marked shift of approach from the Obama administration, Mr Trump is also due on Friday take his first steps towards undoing parts of the Dodd-Frank reformsthat reshaped US banking in the aftermath of the financial crisis.

Mr McHenry wrote: “Despite the clear message delivered by President Donald Trump in prioritising America’s interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands.”
He said the Fed was doing so “without transparency, accountability, or the authority to do so”. He added: “This is unacceptable.”

Mr McHenry has clout because he is vice-chairman of the House financial services committee. But whether the White House agrees with him on the issue is yet to be seen.

Steven Mnuchin, Mr Trump’s designated Treasury secretary, is still awaiting confirmation by the full Senate.

Wayne Abernathy, a senior official at the American Bankers Association, a lobby group, welcomed Mr McHenry’s intervention. “This whole international process is far too opaque and needs more public scrutiny and visibility,” he said.
As examples of problematic Basel regulations, Mr Abernathy cited rules that penalise banks for having heavy exposure to mortgage debt collection businesses, and liquidity rules that do not recognise that Americans tend to see banks as havens in times during crises.

Mr McHenry wrote: “The Federal Reserve must cease all attempts to negotiate binding standards burdening American business until President Trump has an opportunity to nominate and appoint officials that prioritise America’s best interests.”

Ms Yellen has said she plans to serve out the rest of her term, which expires in 2018. The Fed said the central bank had received the letter and planned to respond.

 http://yournewswire.com/trump-federal-reserve-americans/ NESARA- Restore America – Galactic News


Source: http://nesaranews.blogspot.com/2017/02/trump-federal-reserve-must-stop-ripping.html


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    • Everette

      Good ! Now through out the federal reserve ( London bank ) . Start coining money with good and silver like our Constitution tells us that we are to have . All else is declared Treason against American citizens and their Constitution . This is why we are in the mess we are in now . Pictures of dead presidents with numbers on them does not stand for transactions of worth . There is no gold to back it up . The elite bankers in Europe stole fort Knox gold . First our shadow Vatican government formed in 1871 rounded up our coin made of gold and silver . Then thy handed us paper with pictures of dead presidents and numbers on them . Our Constitution calls this Treason . These idiots should have been taken out and publicly hung according to the Constitution for changing the coin system . Now they want marks in the computer so they can push a button and ruin your life savings and own you and your property . Get rid of the federal reserve and their paper system . Do as our Constitution plainly states make gold and silver coins . The value of the transaction is now in your hands . The paper you now use is worthless , it has no gold to back up the value for the transaction being made . The citizens of the world need to press their government to seize back their gold and silver from these bankers that have stolen it and taken the coins of gold and silver and made them into bars and hid them underground in their vaults .

    • The Ferrett

      A brilliant piece by Veterans Today . .

      In back-channel discussions with high level military and special operations experts two days ago, this is what they had to say: Despite the chaos, clownishness and idiocy coming out of Washington, there are some very talented and capable people involved in the mix. The real experts say they are seeing a plan, long in preparation, coming together and orchestration of events beyond the simple finger-pointing and usual conspiracy theories.

      They say the signs are there, the moves in the global markets, they see it in key controlled media assets, they see it in a dozen ways none of us would ever put together, that decades of Chaos Theory planning are moving forward an agenda that, once it comes together, few will survive unharmed.

      Let me digress and give you some real intelligence on the American election. First, I need to define what real intelligence is, as you’re not going to know. You see, what is put in print, what people get to read, is what has been engineered for them to read in order to predispose or inculcate interest sectors towards serving their required role in response to orchestrated events. Yes, the whole thing is theatre, but you’d wish you stayed home and watched TV instead.

      The whole idea that the ‘election’ was hacked, as the media tells us hacking exists, is childish insanity; there is no Wikileaks, there is no Anonymous, there is no mainstream media, there is no alternative media, there is no Facebook, there is no Google, the whole interplay has been scripted from day number one.

      What can be controlled is controlled and anything can be controlled, thus everything is controlled.
      Here is how the American ‘election’ was turned on it’s ear: The Federalist Society, a dozen thinktanks and in particular the FBI and CIA control the physical mechanisms of American elections down to precinct level. Highly organised groups under active direct control, sometimes political parties, religious groups, veterans groups, social organisations, all under singular command, control every voting machine, all software, the handling of all paper ballots and even more sinister, tabulation, recording and more, to a large extent they control the media reporting of the elections which are, in actuality, scripts written in advance to create a feeling of drama.

      Remember on 9-11 when a BBC reporter described seeing building seven collapse twenty minutes early, with the standing building clearly visible behind her? This was a scripted event, just as the elections are scripted events. No-one oversees an American election, they are the least supervised and accountable in the world, the Federalist Society, a sinister group under total and absolute Rothschild control, yes we’re talking Freemasons, Illuminati, all of that, controls not only the courts, but also the law firms which bring the cases before the courts.

      This is all theatre too, there are no ‘closed system’ computers and no hacking, the malicious programmes used in this election were handed out on thumbdrives and installed by electoral officials, thousands of whom are openly corrupt. It started way back in Tammany Hall and before and has never changed, the most corrupt institutions at every level in the United States oversee polling, thus American elections are not contests between candidates but in reality, contests between what are now global criminal gangs.

      The theatre in this election began with Bannon, the Mossad and their Macedonian Fake News sites, we saw the corrupt FBI’s hand over and over, but to get a real understanding all you need is for one statistician to point out what is an inexorable singular fact, even with the idiocy of the electoral college, purposefully written into the constitution to corrupt American ‘democracy’ it is impossible to lose an election by over 3 million popular votes and win an electoral victory, just as it is impossible, as we learned in 2000 and 2004, for exit polls to be more than 1% wrong. 95% of the people involved in rigging the American election were paid civil servants, not Russian hackers or Mossad spies.

      Back in 2000 and 2004 it was Mike Connell who wrote the malicious software that flipped millions of votes in thousands of precincts. When Connell went to the FBI, reporting that he had been hired by Karl Rove to hack the election and that Rove had threatened to kill him. It was agreed that Connell would go into witness protection, but suffered the same tragic fate as Senator Paul Wellstone and his family.

      What the world is doing right now is writing off the United States. Trump’s waffling has, in less than two weeks, made the word and promises of the United States utterly worthless. America’s military suffered a Pearl Harbour level disaster to its credibility and it’s only going to get worse.

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