Babylon's Bankers

THE FED WAKES UP, GOES “WOKE”

This article is, in a way, almost too good to be true, and it's symptomatic of what's been going wrong for quite some time, ever since, let's say, the founding of the Federal Reserve in the middle of the night during a pending Congressional shut-down with barely a quorum in sight.  It was perhaps the first "Pelosi Moment" in American history, when we "have to vote and pass it to find out what's in it." But this article, shared by N.S., is a real corker, not only for what it's reporting,  but how it's reporting it.

What am I getting at?

Well, brace yourself. It seems that America's private central bank, the Federal Reserve, is "going woke":

Wokeness at Fed's regional banks puts central bank independence at risk

The upshot here is that three regional Fed banks, those of Atlanta, Boston, and Minneapolis are (surprise surprise) spearheading a movement to get the central bank to wake up and realize the following:

Federal Reserve banks in Atlanta, Boston and Minneapolis recently dedicated resources to social policy, reflecting the political leaning of officials who are neither elected nor confirmed by the Senate.

...

The three banks recently spearheaded a series that was participated in by all 12 regional banks, which centered on the belief that "racism forms the foundation of inequality in our society."

The "Racism and Economy" series highlighted a number of topics, including structural racism in housing, education and labor markets.

Atlanta Fed President Raphael Bostic, who is the first Black Fed president, on Monday told Axios that should he become Fed chairman, he would steer the central bank toward economic inclusivity and equity.

Earlier this year he said there are "definitely merits" to reparations and called the changes to Georgia voting laws "troubling." That came after last year he published a letter titled "A Moral and Economic Imperative to End Racism."

The Minneapolis Fed, meanwhile, in its 2020 Annual Report renewed its commitment to dismantling systemic racism. Additionally, a report published by the Boston Fed in December 2020 said the deaths of George Floyd, Breonna Taylor and others were the result of the "racist roots of this country."

And then there's this quotation from the Atlanta branch in response to US Senator Pat Toomey, (R-PA), which accuses the Fed of "becoming political" and basically exceeding its mandate:

"We have received the inquiry from Sen. Toomey’s office, and we look forward to discussing with him how better understanding racial inequality helps the Federal Reserve reach its mandate of maximum employment and ensure economic gains are widely experienced across the population, regardless of race," a spokesperson for the Atlanta Fed told FOX Business.

The mind boggles.

It boggles, first, because the idea that the Fed ensures that economic gains are "widely experienced across the population, regardless of race," is laughable. It could reasonably be argued that the Fed's actions have either created, caused, or exacerbated several financial and economic crises since its founding. Central banks are designed, first and foremost, to benefit the wealthy financial class and anyone willing to work with them and play by their rules. The rest of us are "deplorables" and useless eaters. And it's telling that Senator Toomey appears to be playing the game in reverse, by legitimizing the existence of the institution, questioning only its current policy. The problem, Senator Toomey, is that every central bank always exceeds its mandate, and manipulates policy, usually from behind the scenes.  And that view of things is not even taking into consideration my own speculations about hidden systems of finance, hidden bond markets, and the Fed's implied roll therein. Nor is it even taking into consideration that little episode recounted by former Reichsbank president Hjalmar Schacht, who recounted the little episode of the NY Fed not being able to find Germany's gold during his visit in the 1920s.

I could go on and on, but I think you get the point: Swampington DC is irredeemably corrupt, and in business for itself, not the people, and at the beating heart of that corruption is the Fed.

So what, really, are they up to?

I suspect the first is to cloak their own role in that economic disparity and the decline of the middle class by deflecting it to race, or more specifically, to "systemic racism". Their policies have gutted the American middle class, black, white, or purple-polka-dotted. Best then, to create another tempest in the tea-pot by misdirecting attention (and responsibility) to race, rather than to a rapacious and irresponsible financial class.  The deflection to "systemic racism" means, in this context then, only this: (1) the process of eradicating it will never end, and thus (2) their own power is perpetually insured, a new nomenclatura hiding within, and behind, the Narodnabank (The People's Bank), driving in their limosines and living in their (confiscated) dachas. In this context it's worth remembering that the American financial class has always been enamored of socialisms of one sort or another. Recall only its role in the financing of the three great socialisms of the early 20th century: Lenin, Roosevelt, and Hitler.

And there's something else hinted at in this article, did you notice it? It's this:

Atlanta Fed President Raphael Bostic, who is the first Black Fed president, on Monday told Axios that should he become Fed chairman, he would steer the central bank toward economic inclusivity and equity. (Boldface emphasis added)

Not equality, but equity. Now, bankers, when they're not fudging the cooked books and ledgers with things like FASAB56, can be extraordinarily precise; words like "equity" have a specific meaning to them, and they're even prone to use such words in contexts that will make most ordinary people think of something completely different, in this case, of equality. But Mr. Bostic, if the article is to be believed, and if it's not putting the word "equity" in his mouth when he actually said "equality" (and given the state of American quackademia and edgykayshun, that's entirely possible), said equity.

Ownership of tangible assets.

One could disguise all sorts of confiscation schemes behind the blending of wokeism, and equity.

And that's the real danger here.

See you on the flip side.

 

61 thoughts on “THE FED WAKES UP, GOES “WOKE””

  1. Just noted:

    https://threadreaderapp.com/thread/1398780194467495940.html
    BoJo’s dad-in-law, Matthew Symonds, is an IISS Trustee!
    IISS Director:
    John Chipman—hubby of Theresa Manners who is in GHISLAINEs Book & is sister of Harvey Proctors pal the Duke of Rutland
    IISS Members:
    Lynn ROTHSCHILD
    Mario Calvo-Platero—hubby of GHISLAINEs bestie Ariadne CP

    and

    NYC has a problem in a building
    https://twitter.com/0ctoberReignz/status/1399193804910088192
    that houses
    Fascinating … tenants include:
    – Offices of NY Governor Cuomo
    – World Zionist Organization
    – Zionist Organization of America
    – Bank of Israel
    – Permanent mission of Afghanistan
    – Government of Uruguay
    – Heritage Baptist Church

  2. A few suspect in the near future, if the Great Reset is still the goal, that all gold and cryptos will be confiscated. Why stop there? The, “You will own nothing and be happy.” and now banks getting into equity and inclusiveness instead of dollars could mean they plan to confiscate every physical asset including property and homes. They would need great shell shock on a global scale to even begin to have a small chance of success at this. Most obvious scenarios for creating such that I can think of is: 1) Natural Disaster on a global scale. (Hardest to do so least likely.) 2) World war. (Easy to do, but the most risky adventure because too many powerful people in the lower rungs of the pyramid could come out ahead and disrupt the current power structure. 3) Global pandemics. Least risky and with today’s tech can be tailor made to target specific regions and peoples. Especially if they get everyone in a medical tyranny. They will get the real vacs while we get managed more and more as the infrastructure breaks down more and more.

    1. Another possibility?
      All of the above at one time with added fun through electromag radiation in 3g, 4g, 5g and 6g, project bluebeam, operation crimson mist, food shortages, energy shortages, …….

      All at the same time and sporadically where and whenever Davos desires. The censorship (which includes monitoring) is now down to the personal individual level. I email to myself whenever I see some link worth remembering. Sent myself a CDC site a few weeks back. Yahoo replied to my send with a mailer daemon stating that my content did not meet their community standards. Imagine that. I can’t be trusted to send myself and email using my own email address.

      Read last week that Zuckerduck is removing individual and individual posts.

    1. Dr. McCullough, ” must we all get the shot” it’s experimental and not researched enough.
      Just like how common core was rushed in and 49 states participated. Why not just a few schools to try out out first. In 2013 Bill Gates, in an interview said it would take 10 years to see how it’s working. They changed everything about how traditional curriculum was taught. With common core and the covid plandemic, the past 13 years have been a grand experiment with dire consequences.

  3. Yes, another divide-and-conquer tactic, with a little diversion and some anti-Deplorable-ism thrown in for good measure.

    In woke-speak, “equity” means artificially adjusting outcomes (in hiring, promotion, money, status, access, ownership, or whatever) to supposedly make society more fair. Confiscating land from kulaks and parceling it out to collective farms in the USSR is a historical example of an equity initiative… and we know how well that worked out. It happened to my great-grandparents; I don’t recommend it.

  4. Something reassuring about the ruling elite and their deep state operators not being all that competent. An article on Zerohedge by someone looking into life insurers’ response to the “deadly” Covid19 pandemic.
    According to the author, at first insurers tightened things a bit, but after they got data in, they went back to previous standards, no big rise in insurance rates, no emphasis on whether prospective insurees have been covid tested.

  5. Doc, saw this today. How is that damn dam looking?

    https://gab.com/RareBreedRick/posts/106281636778302323
    Up to 14 Earthquakes in past 16 hours in China
    In 2 provinces with major damage and a few deaths

    What’s strange is buildings were wobbling a few days ago with no detection on seismographs Indicating Normal Earthquakes

    Also, is anyone getting a clue why and how Leiber’s arrest details are coming out now how many months after we first saw him taken into custody? 15 months?

    1. First, that dam seems to be ‘marked’ for a tragic end to its useful existence.
      Secondly, about Leiber’s arrest details: I know it’s a ‘wild & crazy’ theory given the current ‘rotten-to-the-core’ state of affairs in the FBI, but it seems the sensible explanation may be that someone found an honest FBI investigator, and leaked vital information to them, who then in turn leaked the details to some responsible journalists. Also, it appears Lieber’s lawsuit against Harvard to force them to pay his defense costs have also been derailed. Another wild and crazy theory surrounds a sealed Indictment issued against Dr. Grouchy, April, 2020. The indictment came about due to Dr. Grouchy’s ‘fishy’ behavior during White House press briefings, and Tweets he made to Deep State actors to setup a coup designed to derail someone’s re-election chances in 2020. Who knows for sure who may be behind some of this ‘wild & crazy’ stuff?

  6. This blog, and it’s implications, seem to tie together another high-octane speculation of mine that I have been mulling over, and observing, in real time. The Federal Reserve is a private institution. We’ve observed their behavior throughout the riots. We suspect they were up to their eye-balls in the recent 2020 election using cut-outs. We know many of these people funded the Lenin/Hitler/Roosevelt administrations as a means of determining the optimum form of dictatorship and socialism for a governance structure. We suspect they have been working on the next phase of financial since the Federal Reserve Act of 1913. We know it had a hundred year charter–and we believe they are trying to bring online their new system. FASAB 56 plays a huge role to prepare for the new mechanism. I will stop here–by now we see a lot of data suggesting relationships.

    Isn’t it odd that when one examines the various forms of social media we have emerging “conservative” platforms to put the “conservative message” into the mainstream? Isn’t it odd that there are those in that stream who are consistently preaching the idea that “President Trump is still president because he invoked the Insurrection Act and the military is aligned with him”? Isn’t it odd that President Biden’s administration seems “paralyzed”–issuing one EO after another and yet DC is doing virtually nothing? The theater continues but all work has stopped? Am I wrong, but does this not appear to be a form of the Hegelian dialectic in operation with respect to social engineering? Thesis, anti-thesis, syn-thesis? Do we not hear a growing chorus suggesting a new Constitutional Congress? I know I have–and that makes me very nervous. As a student of history I know all about the periods in history were there was more than one Caesar–in competition with each other and not the co-regeancy scheme. I also know of periods in European history where multiple claims for monarchies wrecked havoc on countries. If I might borrow Dr. Farrell’s phrase, the “Apocalypse Theater” is certainly primed for general admission. We have ET disclosures and counter disclosures–and we have the catastrophists coming into full frontal assault–again! Am I the only one tired of these games?

    1. The color of kings doth come and go,
      Between his purpose and his conscious,
      Like heralds ‘twixt two dreadful battles set:
      passion is so ripe, it needs must break.

      There is that Re-Set King[of which the FED heralds]
      And the, other steadfast King[as above, unknown who[m].

      This “enclosure” card has been played too many times and succeeded.
      This time, the open system/closed system is unusual.
      For an open finance system; you need open sourced energy.
      [as in Zero-Point, for example]
      Now, the interesting finite part; that’s different in today’s world?
      Digital space gives an near infinite info component, twixt the mix.
      Now, through in near infinite numbers twixt the mix;
      of open & closed financial systems.

      Has this conundrum been deja vu’d[debuted] in another dimension?

      In other words; is this all an interdimensional AI op?
      A Re-Set has the imprimatur of:
      Been There; Done That…
      in another place; and/or another time; and/or other galaxies?

      “Our” first rodeo?
      But not for this seasoned AI; roping and bulldogging, galaxy cowboy?

      An AI Programmed?
      Or an AI tool used by an analogue form; w/passion to rule?

    2. And to think all of that is playing out on TV and computer screens with no way of really verifying the script? Yes I too am over the psychological war on our world. Seems no worldview is safe or proper.

    3. And to think all of that is playing out on TV and computer screens with no way of really verifying the script? Yes I too am over the psychological war on our world. Seems no worldview is safe or proper.

    4. Very good, quick to put this in the perspective of the controlling elite (money, power people) operating through an institution that’s home territory to them.
      I’ll state again: these kabuki shows are about plutocrats working toward a full unhindered plutocracy using fools entranced by Marxist propaganda.
      They don’t want themselves and their wealth destroyed, they want the concept of national identity and national constitutions that give common people rights destroyed.

    5. Despite much of what is playing out, there is something that stands out beyond so many [shiny objects of distraction] for this observer on this side of the screen and it is what is playing out in & on mainland Chi]]a. There are two distinct factions / “Caesars” currently battling for hegemonic control in a 100 Hundred Year marathon contest. The current excellency and a previous leader barely hanging on. Most likely those underlings that support that past hegemonic interest and goodies accumulated aside from the current Party support group.

      In one’s opinion, neither are a current day General Eisenhower who had to rethink his Kasserine Pass strategy after discovering his over-extended US II Corps were no match for General Rommel’s well-tuned and honed Afrika Korps 10th and 21st Panzer divisions. But they do have to rethink their goal of world hegemony.

      Up until now, both factions have been clandestine about multiple front warfare. Using their three-warfare approach to undermine any kinetic confrontation with the US Armed Forces: Strategic Psychological Operations; Overt and Covert Media Manipulations; Exploitation of National and International Legal Systems. Interesting lesson are they in real time, too. Discovering that the US and allies can chew gum and walk at the same came as an unwelcomed complication when their insider useful idiots exposed their operations. Quite the motley crew as they’re turning out to be as they were borne of an ongoing revolution. Freedom is NOT free. Nor has it ever been. But growing pains?!?!?! . . What’s new? . . This Republic will be kept.

      The Party took advantage of many freedoms this nation has built and affords but hasn’t a clue how to keep them for themselves. They can’t even steal them. Not even the morons of Wall Street know what to do without them intact.

  7. The way I read it is not only they can take away your money but also your posessions. After all, you will be happy with “nothing”. The vultures will hide behind anything. Replacing capable people with stupido’s is one step and giving us a reason to fight amongst ourselves is the other. The longer large swats of the population believes this the vultures will sit on a golden chair.

  8. So I went and read the letter by Atlanta Fed President Raphael Bostic titled “A Moral and Economic Imperative to End Racism”. I was looking for clues and found this statement…
    “A commitment to an inclusive society also means a commitment to an inclusive economy. Such an economy would represent a rebuke of systemic racism and other exclusionary structures. It would represent a true embrace of the principles that all are created equal and should enjoy unburdened life, liberty, and the pursuit of happiness.”

    Inclusive Economy – hey what’s that? So I google inclusive economy and the 1st article that pops up is:
    The Five Characteristics of an Inclusive Economy: Getting Beyond the Equity-Growth Dichotomy

    https://www.rockefellerfoundation.org/blog/five-characteristics-inclusive-economy-getting-beyond-equity-growth-dichotomy/

    “The Foundation believes that an inclusive economy is one in which there is expanded opportunity for more broadly shared prosperity especially for those facing the greatest barriers to advancing their well-being. Quite simply, there are more opportunities for more people.”

    Sound familiar?

    1. This kabuki show is about plutocrats working toward a full plutocracy using fools entranced by Marxist propaganda.
      They don’t want themselves and their wealth destroyed, they want the concept of national identity and national constitutions that give common people rights destroyed.

      1. Isn’t “Sophisticated Blah” the best description why MSM make up stuff about politicians, countries or institutions they want to attack instead of attacking the real issues? The more desinformations there are, the less we can grasp what’s going on.

  9. I agree with Joseph – It boggles, first, because the idea that the Fed ensures that economic gains are “widely experienced across the population, regardless of race,” is laughable.

    They are trying to confuse the people.
    Diversion tactics.Division tactics.Logistical tactics. Nothing must threaten the sovereignty of the elite, financial or otherwise. As Joseph says, they are playing the game in reverse.

    Diversion is the Primary Strategy.

  10. Equity is an interesting word, and so is equality. Their root are EQUAL. The act of balancing is equality.

    When balancing the books of debit and credit, there is a leftover, that when profitable, is named equity of estate.

    In Old English, one would use “likeness”, to express comparative quality. One takes liking to likeness, in recognition.

    The thief has no resemblance, to the object of his desire. The thief wants a new face, to hide his ugliness, by thievery.

  11. Racism is code for class Normans-Northmen’s bellow them Anglo-Saxon-Jutes, Danes. local livestock the Celts and that is only on the islands of Britain Ireland. In Europe it’s the Germanic and Celts and Slavs the last read slaves. In the Americas and Australia, New Zealand the natives are vermin to be turned into beasts of burden or exterminated. The Sub Sharran Africans replacement natives or beasts of burden to be exported to the rest of the world.

    1. May I recommend a YouTube video from May 26, 2021 by Christain Westbrook on his Ice Age Farmer channel. It is a conversation with Dr. Fredric Leroy it is almost two hours long but well worth the time to stream it. It is about our elite’s plan to suppress the eating of meat and tubers like potatoes reducing anyone who left alive to the status of domestic animals.

    2. In my experience, it is the achieved flow in action, that expresses the RACE, as in the words: flow, stream, run, race etc.

      There is flow of water, race of time, run of heavenly objects, as man races through lifespan.

      I find RUNES & YOGA, to be natural symbols, that express the flowing transformation, in its minute derivatives.

      Spiritual man is old man river, walking through walls, bringing down empires, by Scythian yoga.

      https://dl.dropboxusercontent.com/s/xcz1yjfe3ushwxk/venn-diagram2.jpg

  12. Well, Once again ya’ll called it ahead of time! Woke riots at strategic opportunity zones where there just happened to be Federal Reserve banks there willing to assist the poor misfortunate communities. Yes, I see Portland and Seattle have visibly benefited immensely from their now open confession of support. Perhaps now they will be willing to give zero percent loans to small businesses to rebuild and charge 15 to 30 percent interest to the totalitarian supporting multi-million dollar corporate investors in the same area as an act of solidarity.

  13. The going for woke is analogous to a fad of wearing invisible clothes.
    Even a child must see the stupidity of this ideological shame.
    Hell, I can’t even pretend to be “woke”.
    Again, Orwell’s prediction is so accurate;
    they’re following it like was their damn bible.
    To today’s post.

    Pelosi’s Orwellian line, “[We] have to vote and pass it, in order to find out what’s in it”; is sooo, well…, Pelosi.
    You just can’t make this stuff up.
    It’s like Saturday Night Live is writing their speeches.

    “Racism forms the foundation of inequality in our society.”
    Easy stomach.
    Eaaassy stomach.
    [Daffy Duck quips, watching Bugs Bunny as get the academy award.]

    So, this op is a metaphorical 9/11; where the implosion device,
    is an Orwellian concept under the umbrella of “wokieness”/dopeyness.
    Mind Control?

    The real culprits are the ones pointing all over the place;
    except where the real blame lies.
    And the mainstream traitors, the so-called press; are pushing the narrative like it was oxycontin.

    Late…
    White Rabbit

  14. >One could disguise all sorts of confiscation schemes behind the blending of wokeism, and equity.<

    It's probably just another looting expedition.

    In the years before the housing bubble which caused the 2008 debacle, there was a lot of babble about "red lining" by mortgage lenders, leading to blacks etc. not being able to buy houses.

    The various "remedies" led to lots of lending violations, a run up in house prices, and eventually to a debacle where many people (disproportionately blacks etc.) lost their homes and savings.

    And of course, the remedy for what the remedies brought on, involved what at that time was thought of as very large government money interventions.

    If the "remedy" this time involves large money transfers to blacks as reparations, a large part of that money will be scammed from them. "They" have already figured out how, and it will be interesting to see how things roll out.

    Of course the reparations money will be created by the Fed, I doubt much of it will come from taxation or borrowing, monetizing it will just make it much easier make this happen without a lot of unwoke racist deplorables getting active ("attacking" the capital (as NPR keeps repeating) or whatever).

    1. I never seen a reparations analysis take into consideration a DNA analysis of race. My relatives of color are very mixed. How would one determine who was a worthy receiver of a fed supported benefit?

      If there is an algorithm that includes race as an element to determine creditworthiness or other forms of economic risk, that type of prediction tool should be illegal.

      1. Laura, this is true for many of us here. The whole identity politics issue is an attempt to bait everyone into splitting into separate camps so they can use divide and conquer methods to split us apart and begin their requisition operations. The wealth will be redistributed–to them. The divided pools make the harvesting easier.

  15. George Soros funded the Black Lives Matter Movement. The transgenderism movement was funded by the Big Banks. The Big Banks funded the Blue Chicken psych op. Follow the money and keep the money local as much as possible.

  16. Isn’t equity determined upon contemplation of a sale? Don’t banks rake in billions on loan originations?
    Ummm…oh the inequity of life. We must everything balance. Except the Fed’s own balance sheets.
    As a matter of fact no one is allowed to see them. It’s a national Security secret, now go back to sleep sheep.

    1. Can they convince us to wear masks to prevent us from getting infected by an airborne virus? If people self-identify and congregate into population pools they can target whichever one has the most wealth to harvest–one group at a time. They are certainly capable–and have proven themselves willing and able.

  17. There it is… The end-game isn’t the redistribution of wealth–but the requisition of wealth. If we roll the calendar forward, in a short time we may hear the following announcement from Fed Chairman Jim “Fat Cat” Crow: “That we now own everything as a foundation for equity means that you, the citizen, can not live a happy fulfilled life. No more car payments. No more utility bills. No more medical bills. No more house payments or rents. Your monthly stipends can be spent or saved (for three months) to help you transition from economic zone to economic zone and not worry about any of the daily housing and dietary requirements. You will have no possessions to weigh you down. At the expense of choices you get freedom. There is now no reason for everyone not to be happy. All we ask is your cooperation and a few occasional inconveniences.” Somehow, in their vision of the future, I hear Black Sabbath’s “Heaven and Hell” playing in the background, with the volume getting increasing louder as they approach their goal.

    1. Wish You Were Here – Pink Floyd
      https://www.youtube.com/watch?v=IXdNnw99-Ic

      So, so you think you can tell
      Heaven from hell?
      Blue skies from pain?
      Can you tell a green field
      From a cold steel rail?
      A smile from a veil?
      Do you think you can tell?

      Did they get you to trade
      Your heroes for ghosts?
      Hot ashes for trees?
      Hot air for a cool breeze?
      Cold comfort for change?
      Did you exchange
      A walk-on part in the war
      For a leading role in a cage?

      How I wish, how I wish you were here
      We’re just two lost souls
      Swimming in a fish bowl
      Year after year
      Running over the same old ground
      What have we found?
      The same old fears
      Wish you were here

      1. Scythian yoga makes use of PARADOXES, that went missing in Ashtanga, when martial art was abandoned in India.

        Obviously, there was something in the original yoga tradition – being an empire killer – that threatened the powers that be.

        Scythians were no ascetics, and Bhagavad Gita sounds like a sales pitch, for cannon fodder, in a bankster war.

        Pratyahara is about Hobbits playing football, and drinking brew.

    1. Well, there are wolves and other carnivores. Oh, wait, in some/most environs it is a dod eat dog world. And shepherds have to eat too. Oh well. I have always favored mana from heaven, in perpetuity. Unfortunately I have yet failed to manifest this in my life. By the way, while I have the space to do so, I wish to to thank White Rabbit (Robert B and Marcos T ) and others for your many interesting insights.

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