Showing posts with label FEDERAL RESERVE. Show all posts
Showing posts with label FEDERAL RESERVE. Show all posts
Thursday, February 19, 2026
Tuesday, February 17, 2026
Thursday, August 14, 2025
Sunday, July 13, 2025
Central Banks Driving the World into Crisis with G. Edward Griffin
Central Banks Driving the World into Crisis with G. Edward Griffin
May 2, 2025 Macroeconomics
Interview recorded - 23rd of April, 2025
On this episode of the WTFinance podcast I have the pleasure of welcoming on G.Edward Griffin.
G.Edward is the author of the “Creature from Jekyll Island”.
During our conversation we spoke about the creation of the FED, the goals of the Federal Reserve, concentration of wealth, their true purpose and more. I hope you enjoy!
G.Edward Griffin is a writer, documentary film producer, and Founder of Freedom Force International. Listed in Who’s Who in America, he is well known because of his talent for researching difficult topics and presenting them in clear terms that all can understand.
He has dealt with such diverse subjects as archaeology and ancient Earth history, the Federal Reserve System and international banking, terrorism, internal subversion, the history of taxation, U.S. foreign policy, the science and politics of cancer therapy, the Supreme Court, and the United Nations.
His better-known works include The Creature from Jekyll Island, World without Cancer, The Discovery of Noah’s Ark, Moles in High Places, The Open Gates of Troy, No Place to Hide, The Capitalist Conspiracy, More Deadly than War, The Grand Design, The Great Prison Break, and The Fearful Master.
Ed is a graduate of the University of Michigan where he majored in speech and communications. He is a recipient of the coveted Telly Award for excellence in television production, the creator of the Reality Zone Audio Archives, Publisher of Need to Know News, and is President of American Media, a publishing and video production company in Southern California.
He has served on the board of directors of The National Health Federation and The International Association of Cancer Victors and Friends and is Founder and President of The Cancer Cure Foundation. He is the Founder of Freedom Force International and creator of Red Pill University, Red-Pill Expos, and Rabbit-Hole Expeditions. The mission of these Red-Pill and Rabbit-Hole endeavors is far more serious than they may sound. It is to popularize a global coalition for the victory of individualism over collectivism and liberty over tyranny.
G.Edward Griffin -
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WTFinance -
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Wednesday, October 02, 2024
US$50 bills will no longer be accepted in banks and ATMs from this date onwards
United States 2024: US$50 bills will no longer be accepted in banks and ATMs from this date onwards
The $50 Bills No Longer Accepted at Banks & ATMs
Did you know that some $50 bills will no longer be valid in the United States? We’ll tell you which ones and explain the new rules set by the Federal Reserve of the United States.
The $50 Bills That Will No Longer Be Accepted at Banks and ATMs
The Federal Reserve of the United States has announced that certain $50 bills will cease to be accepted at banks and ATMs nationwide. This change is part of a broader initiative to renew and modernize some currency notes. So, what exactly does this mean for you?
Major financial institutions such as Bank of America, JP Morgan Chase, Wells Fargo, and Citibank will stop accepting $50 bills with specific descriptions. However, other denominations, including $5, $20, and $100 bills, will remain valid.
This measure is being implemented due to the release of new designs and models for currency notes. The exclusion of certain $50 bills aims to modernize the monetary system, ensuring that the currency in circulation is up-to-date and secure.The $5, $20, and $100 bills will continue to be accepted.
The updated $50 bills will feature enhanced security features and design elements.
Financial institutions will gradually phase out the old $50 bills.
Stay informed about these changes to avoid any inconvenience when using cash. Make sure to check your $50 bills and exchange any outdated ones at your bank.
Starting in September 2024, major financial institutions like Bank of America and Wells Fargo will no longer accept $50 bills in the United States. This change is a response to the introduction of new designs and enhanced security features for this denomination.
Federal Reserve Initiative
This initiative by the Federal Reserve aims to encourage the use of well-maintained bills and promote the circulation of secure money. Banks have upgraded their systems to detect and reject bills that do not meet the established standards.
Ensuring Safety and Education
Additionally, this measure seeks to educate users on the importance of keeping bills in good condition in the United States. Financial institutions have launched informative campaigns to raise awareness about this new regulation.
By implementing these changes, the Federal Reserve hopes to ensure that the money in circulation is both secure and in good condition, benefiting everyone in the United States.
In the United States, banks and ATMs will no longer accept certain types of $50 bills. This policy is aimed at improving security and reducing the risk of counterfeiting.
Which $50 Bills Will Be Rejected?
The measure specifically targets mutilated, damaged, or worn-out $50 bills. These bills will be refused by both banks and ATMs, compelling users to exchange their deteriorated bills for ones in better condition at the Federal Reserve.
The decision to reject damaged bills will be implemented gradually, allowing customers to adapt to the new requirements. Financial institutions have communicated this measure to their users to avoid future inconveniences.
It’s worth noting that bills over $100, such as $500, $1,000, $5,000, and $10,000 bills, ceased production more than 50 years ago.
Federal Reserve’s Big Change: The $50 Bills You Need to Exchange Now Before It’s Too Late
By VIBUS 01/10/2024 07:08
The $50 Bills No Longer Accepted at Banks & ATMs
Did you know that some $50 bills will no longer be valid in the United States? We’ll tell you which ones and explain the new rules set by the Federal Reserve of the United States.
The $50 Bills That Will No Longer Be Accepted at Banks and ATMs
The Federal Reserve of the United States has announced that certain $50 bills will cease to be accepted at banks and ATMs nationwide. This change is part of a broader initiative to renew and modernize some currency notes. So, what exactly does this mean for you?
Major financial institutions such as Bank of America, JP Morgan Chase, Wells Fargo, and Citibank will stop accepting $50 bills with specific descriptions. However, other denominations, including $5, $20, and $100 bills, will remain valid.
This measure is being implemented due to the release of new designs and models for currency notes. The exclusion of certain $50 bills aims to modernize the monetary system, ensuring that the currency in circulation is up-to-date and secure.The $5, $20, and $100 bills will continue to be accepted.
The updated $50 bills will feature enhanced security features and design elements.
Financial institutions will gradually phase out the old $50 bills.
Stay informed about these changes to avoid any inconvenience when using cash. Make sure to check your $50 bills and exchange any outdated ones at your bank.
Starting in September 2024, major financial institutions like Bank of America and Wells Fargo will no longer accept $50 bills in the United States. This change is a response to the introduction of new designs and enhanced security features for this denomination.
Federal Reserve Initiative
This initiative by the Federal Reserve aims to encourage the use of well-maintained bills and promote the circulation of secure money. Banks have upgraded their systems to detect and reject bills that do not meet the established standards.
Ensuring Safety and Education
Additionally, this measure seeks to educate users on the importance of keeping bills in good condition in the United States. Financial institutions have launched informative campaigns to raise awareness about this new regulation.
- Bank of America and Wells Fargo stop accepting $50 bills in September 2024.
- New designs and security features are introduced for $50 bills.
- Banks enhance their systems to detect non-compliant bills.
- Educational campaigns inform the public about maintaining bill quality.
By implementing these changes, the Federal Reserve hopes to ensure that the money in circulation is both secure and in good condition, benefiting everyone in the United States.
In the United States, banks and ATMs will no longer accept certain types of $50 bills. This policy is aimed at improving security and reducing the risk of counterfeiting.
Which $50 Bills Will Be Rejected?
The measure specifically targets mutilated, damaged, or worn-out $50 bills. These bills will be refused by both banks and ATMs, compelling users to exchange their deteriorated bills for ones in better condition at the Federal Reserve.
The decision to reject damaged bills will be implemented gradually, allowing customers to adapt to the new requirements. Financial institutions have communicated this measure to their users to avoid future inconveniences.
It’s worth noting that bills over $100, such as $500, $1,000, $5,000, and $10,000 bills, ceased production more than 50 years ago.
Wednesday, August 16, 2023
Tuesday, April 04, 2023
Tuesday, March 14, 2023
Wednesday, November 02, 2022
Sunday, May 08, 2022
Saturday, February 19, 2022
Monday, January 03, 2022
ICE LIBOR
ICE BENCHMARK ADMINISTRATION ▼
LIBOR®
Introduction
LIBOR® is a benchmark that has historically been determined using input data contributed by a panel of banks. The “panel bank” LIBOR methodology is designed to produce an average rate that is representative of the rates at which large, leading, internationally active banks with access to the wholesale, unsecured funding market could fund themselves in that market in particular currencies for certain tenors.
Immediately prior to December 31, 2021, LIBOR was calculated for five currencies (USD, GBP, EUR, CHF and JPY) and for seven tenors in respect of each currency (Overnight/Spot Next, One Week, One Month, Two Months, Three Months, Six Months and 12 Months), resulting in the publication of 35 individual rates each applicable London business day.
ICE Benchmark Administration Limited (“IBA”) is the authorized and regulated administrator of LIBOR.
Sunday, August 18, 2019
Kevin Shipp - Fed Trying to Destroy Trump Economy
Kevin Shipp - Fed Trying to Destroy Trump Economy (Part #2)
(Click Here for Part #1 :https://usawatchdog.com/russia-hoax-c...
So, why all the negative comments about the Fed by President Trump? Former CIA Officer and whistleblower Kevin Shipp says, “In my view, I think that Trump is convinced that the Fed is going to try to destroy the advances in the economy to make 2020 less possible for re-election and actually manipulate the political landscape. I think Trump is clearly and wisely aware of what they are doing. . . .I think Trump thinks the Fed is going to manipulate the 2020 election and make any recession look like Trump’s fault and not the Fed’s fault.”
Shipp thinks Trump is turning it all back on the Fed and blaming them for causing economic problems we are facing. Shipp says, "Trump has been right all along.”
Join Greg Hunter as he goes One-on-One with former CIA Officer and author of the top selling book about the Deep State called “From the Company of Shadows.”
Donations:
All links can be found on USAWatchdog.com:
(Click Here for Part #1: https://usawatchdog.com/russia-hoax-c... )
Wednesday, October 18, 2017
Wednesday, April 15, 2015
The Fed fears disaster in NYC, so it’s bulking up in Chicago
By Reuters
April 14, 2015 | 4:33pm
Modal Trigger
Photo: Reuters
The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and bulked up its satellite office in Chicago.
Some market technicians have transferred from New York and others were hired at the office housed in the Chicago Fed, according to several people familiar with the build-out that began about two years ago, after Hurricane Sandy struck Manhattan.
Officials believe the Chicago staffers can now handle all of the market operations that are done daily out of the New York Fed, which is the U.S. central bank’s main conduit to Wall Street.
The satellite office in the Midwest readies the New York Fed for perhaps the most delicate U.S. interest-rate hike ever. With rates having been near zero for more than six years, and markets flooded with reserves, the Fed will rely on an array of new tools to help it tighten policy, likely later this year.
Two of the sources, which included market participants and Fed officials and who spoke under condition of anonymity, said the Chicago office was partly protection against a possible cyberattack against the New York Fed. In February, Fed Chair Janet Yellen told a congressional panel the central bank is addressing “ever-escalating (cyber) threats to our operations.”
But the main reason for the build-out 700 miles (1,127 kilometers) to the west appeared to be the need to have staff ready at all times in case of disaster.
Lower Manhattan lost power and floodwaters came within blocks of the New York Fed when Sandy hit in 2012. Early-stage backup plans were also put in place after the September 11, 2001, attacks on New York.
A spokeswoman for the New York Fed declined to comment. The Chicago Fed deferred to its New York counterpart.
The New York Fed’s Chicago-based staffers already handle some daily market operations including purchases and sales of Treasury and mortgage bonds, and controlling the central bank’s key federal funds rate.
They would also be expected to take the reins as necessary on new and lightly tested tools meant to help the Fed raise borrowing costs such as an overnight reverse repurchase facility, known as ON RRP, and term repos.
One source estimated there were between 20 and 30 New York employees at the Chicago Fed, saying more were being recruited.
Source
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MORE ON:
The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and bulked up its satellite office in Chicago.
Some market technicians have transferred from New York and others were hired at the office housed in the Chicago Fed, according to several people familiar with the build-out that began about two years ago, after Hurricane Sandy struck Manhattan.
Officials believe the Chicago staffers can now handle all of the market operations that are done daily out of the New York Fed, which is the U.S. central bank’s main conduit to Wall Street.
The satellite office in the Midwest readies the New York Fed for perhaps the most delicate U.S. interest-rate hike ever. With rates having been near zero for more than six years, and markets flooded with reserves, the Fed will rely on an array of new tools to help it tighten policy, likely later this year.
Two of the sources, which included market participants and Fed officials and who spoke under condition of anonymity, said the Chicago office was partly protection against a possible cyberattack against the New York Fed. In February, Fed Chair Janet Yellen told a congressional panel the central bank is addressing “ever-escalating (cyber) threats to our operations.”
But the main reason for the build-out 700 miles (1,127 kilometers) to the west appeared to be the need to have staff ready at all times in case of disaster.
Lower Manhattan lost power and floodwaters came within blocks of the New York Fed when Sandy hit in 2012. Early-stage backup plans were also put in place after the September 11, 2001, attacks on New York.
A spokeswoman for the New York Fed declined to comment. The Chicago Fed deferred to its New York counterpart.
The New York Fed’s Chicago-based staffers already handle some daily market operations including purchases and sales of Treasury and mortgage bonds, and controlling the central bank’s key federal funds rate.
They would also be expected to take the reins as necessary on new and lightly tested tools meant to help the Fed raise borrowing costs such as an overnight reverse repurchase facility, known as ON RRP, and term repos.
One source estimated there were between 20 and 30 New York employees at the Chicago Fed, saying more were being recruited.
Source
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Monday, August 04, 2014
Century of Enslavement: The History of The Federal Reserve
corbettreport
Published on Jul 6, 2014
TRANSCRIPT AND RESOURCES:http://www.corbettreport.com/federalr...
What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.
Published on Jul 6, 2014
TRANSCRIPT AND RESOURCES:http://www.corbettreport.com/federalr...
What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.
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Thursday, July 10, 2014
Are the Twelve Regional Banks of the Federal Reserve System Private Entities?
By Lars Schall
Global Research, July 10, 2014
LarsSchall.com
The member banks of the Federal Reserve System are private corporations / banks. According to US Supreme Court, I found out, said this on January 3, 1928 in the case “United States Shipping Board Emergency Fleet Corporation v. Western Union Telegraph Co.“:
Instrumentalities like the national banks or the federal reserve banks, in which there are private interests, are not departments of the government. They are private corporations in which the government has an interest. Compare Bank of the United States v. Planters’ Bank, 9 Wheat. 904, 907, 6 L. Ed. 244. (Click here for further details)
Connected to the Freedom of Information Act (FOIA) case “Bloomberg LP v. Board of Governors of the Federal Reserve System, 08-CV-9595, U.S. District Court, Southern District of New York (Manhattan)“, Bloomberg reported in May 2009:
The New York Fed is one of 12 regional Federal Reserve banks and the one charged with monitoring capital markets. It is also managing $1.7 trillion of emergency lending programs. While the Fed’s Washington-based Board of Governors is a federal agency subject to the Freedom of Information Act and other government rules, the New York Fed and other regional banks maintain they are separate institutions, owned by their member banks, and not subject to federal restrictions. (Click here for further details)
In another FOIA case, Yvonne Mizusawa, Senior Council of the Board of Governors of the Federal Reserve System, stated on January 11, 2010 that the regional banks of the Federal Reserve System are indeed “private banks“. (See here) .
Moreover, I’ve asked today Nomi Prins, the author of the book “All the Presidents’ Bankers“, the following:
Do you think it is right to say that the Federal Reserve System includes private member banks, which receive a 6% dividend for their shares from the profits that the regional fed banks are making on their market operations?
Nomi Prins responded:
As I understand Section 7 of the Federal Reserve Act, that is the case. Stockholders, or member banks, of the Federal Reserve System are entitled to receive a 6% per annum dividend on their paid-in capital stock, and any surplus fund can be used to pay dividends in the event that any year’s current earnings of the Federal Reserve System are insufficient to cover funds for that year.
See the early 1922 letter from its General Counsel, here:
The material portions of Section 7 of the Federal Reserve Act read as follows:
“After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders shall be entitled to receive an annual dividend of six per centum on the paid-in capital stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, the net earnings shall be paid to the United States as a franchise tax except that the whole of such net earnings, including those for the year ending December thirty-first, nineteen hundred and eighteen, shall be paid into a surplus fund until it shall amount to one hundred per centum or the subscribed capital stock of such bank, and that thereafter ten per centum of such net earnings shall be paid into the surplus.
“…Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements as hereinbefore provided, as the par value of the stock, shall be paid to and become the property of the United States and shall be similarly applied.” See here.
As additional information on the dividends, the law requires dividends are paid to reserve member banks, before the Fed transfers any excess earnings to the Treasury Dept. as interest on Federal Reserve notes, (see p 398 of the Fed’s 2013 annual report)… It should be noted that the amounts aren’t huge, for 2013, annual dividends were $1.65 billion. See here.
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Tuesday, February 04, 2014
Janet Yellen Sworn In To Lead Federal Reserve
Takes the helm at a crossroads for the central bank
By Sam Frizell @Sam_Frizell
Feb. 03, 2014
JIM BOURG / REUTERS
Federal Reserve Board Governor Daniel Tarullo (L) applauds new Federal Reserve Board Chairwoman Janet Yellen after administering the oath of office to Yellen at the Federal Reserve Board in Washington February 3, 2014.
Janet Yellen was sworn in as the first women to lead the Federal Reserve board of governors Monday morning, taking the post of chairwoman at a critical moment as the central bank debates how quickly to taper its expansionary monetary policies.
Yellen took the chairwomanship early Monday in an oath administered by Governor Daniel K. Tarullo, the Fed said in a statement, nearly four months after President Obama announced his intention to nominate Yellen for the post, and a month after the Senate confirmed her on Jan. 6. She takes the post from Ben Bernanke.
The former Berkeley professor is widely seen as a more compassionate Federal Reserve chair than the technocratic leaders the Fed has traditionally been led by, especially in light of her long academic record of focusing on the human impact of unemployment.
Yell described her background in an exclusive interview with TIME in January. ”My father was a family doctor, and both he and my mother lived through the Depression,”she said. “I came to understand the effect that unemployment could have on people in human terms.”
The Federal Reserve has arrived at a crossroads in its post-recession monetary policy, and Yellen’s biggest challenge will be to smoothly wind down the Fed’s program of purchasing billions of dollars of Treasury bonds and mortgage-backed securities. The policy, intended to stimulate the economy, has resulted in the purchase of trillions of dollars in assets since the start of the recession.
The Fed has also kept its short-term interest rate near zero since late 2008 in an effort to spur economic growth, and Yellen will lead the Fed in deciding when to raise rates.
Source
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Tuesday, January 21, 2014
Roubini: Fed's Tactics Are Creating Bubbles
US economist Nouriel Roubini delivers a speech at the Swiss Economic Forum. (AP Photo/Keystone, Peter Schneider)
The economy isn't strong enough to stand on its own two feet, and the assistance provided by the Federal Reserve is beginning to create bubbles, says New York University economist Nouriel Roubini. He cited "frothiness" in housing, junk bonds and potentially bitcoins, according to Fortune. The situation could play out into a financial crisis in the next two to three years, he says. "The question is whether we have gotten to sustainable growth that is not based on bubbles," he said. "Not yet." [Full Story]
The economy isn't strong enough to stand on its own two feet, and the assistance provided by the Federal Reserve is beginning to create bubbles, says New York University economist Nouriel Roubini. He cited "frothiness" in housing, junk bonds and potentially bitcoins, according to Fortune. The situation could play out into a financial crisis in the next two to three years, he says. "The question is whether we have gotten to sustainable growth that is not based on bubbles," he said. "Not yet." [Full Story]
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Monday, December 23, 2013
A Locked Door, A Secret Meeting And The Birth Of The Fed
by Robert Smith and Jacob Goldstein
December 23, 2013 3:43 AM
Listen to this Story
Morning Edition
5 min 38 sec
J.P. Morgan: Not a pussycat. Hulton Archive/Getty Images
In 1907, the U.S. economy was in the grip of a financial crisis. Unemployment was up. The stock market was down.
People started panicking. They were lining up overnight to pull their money out of healthy banks This can be deadly for an economy: Healthy banks have to shut down, businesses can't get credit, they lay people off, and the economy gets worse.
At the time, the U.S. government had no way to deal with the panic. There was no institution that could step in to stop the run on healthy banks. So the job of stopping the panic fell to one man: J.P. Morgan (of J.P. Morgan fame).
He summoned dozens of the leading financiers in New York to his private library on Madison Ave, and essentially ordered them to contribute to a $25 million pool that would be used to backstop the system. Then he locked them in and made them stay there through the night, until they all agreed to his plan.
The plan worked — it essentially ended the Panic of 1907.
But some powerful people in Washington wondered: what about the next panic? Do we really want the fate of the U.S. economy to hinge on one rich guy in New York?
One person in particular decided this was a problem: Senator Nelson Aldrich, chairman of the Senate finance committee. Aldrich knew there was something America could do so that it would no longer have to rely on one guy to end panics. The U.S. could create a central bank.
This was not a new invention. Countries in Europe already had central banks. And, during panics, the central banks basically did what J.P. Morgan did in the U.S.: Act as lenders of last resort for healthy banks. When depositors were lined up out the door yelling for their money, banks that were basically sound could borrow from the central bank.
But just consider that name: central bank. Throughout American history, both of those words — "central" and "bank" — had been deeply unpopular. The thought of a bunch of rich bankers in New York controlling a powerful central bank did not inspire confidence.
Still, Aldrich realized he needed bankers' help to draw up a plan for a central bank. So he came up with a plan to gather in secret.
He told a handful of New York bankers to come on a given night, one by one, to a train station in New Jersey. There they would find a private rail car hitched to the back of a southbound train. To conceal their identities, Aldrich told the bankers to come dressed as duck hunters and to address each other only by first name.
The train headed south, and the bankers got off in Georgia. They spent the next week holed up in a private club at a place called Jekyll Island. (Apparently, the name didn't sound as sketchy then as it does today.)
At Jekyll Island, Aldrich and the bankers came up with a plan. They knew many Americans thought a central bank could become too powerful, too influential in the economy. So they came up with a classic, American workaround: The decided the U.S. should create lots of little central banks, scattered all around the country.
The plan they came up with still had a long way to go. It got shot down the first time in Congress. The plan for a central bank was debated, changed significantly, renamed. But the basic idea held up. And on December 23rd, 1913 President Woodrow Wilson signed the Federal Reserve Act into law.
Creating the Fed didn't solve the nation's economic problems. In fact, a few decades after the Fed was created, its policies made the Great Depression worse. And the Fed has changed significantly over the course of a century. But even after all those changes, there are still a dozen Federal Reserve banks scattered around the country in cities like Dallas, Richmond and, of course, New York.
Source
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