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Yesterday, in a CNBC interview, DoubleLine CEO and bond guru Jeffrey Gundlach said that “the Fed is blatantly violating the Federal Reserve Act” with its corporate bond purchases. Gundlach was doubling down on his statement of two weeks earlier. On April 14, Gundlach excoriated the Fed, stating: “The Federal Reserve is presently acting in blatant non-compliance with the Federal Reserve Act of 1913. An institution violating the rules of its own charter is de facto admitting that said institution has failed and is fundamentally broken.”
originally posted by: Boadicea
a reply to: FamCore
Wow -- Great catch and great thread. Thank you! I'm going to dig into this later when I can give it some proper attention.
The Federal Reserve -- and the enabling Federal Reserve Act -- both need some bright sunshine. The brightest of sunshine!!! I really hope they can get some traction here. I don't doubt their ability to challenge the actions of the Fed, just their ability to get past all the critters and the obstacles they'll throw in the way.
All this buying was done with not only the knowledge of, but also support from, congress. This is one of the reasons many of us were screaming about the amounts of money stolen from taxpayers and distributed to corporations during the stimulus. It wasn't just a mistake, it was against the law and makes a great launchpad to start literal fascism.
originally posted by: olaru12
a reply to: Ksihkehe
All this buying was done with not only the knowledge of, but also support from, congress. This is one of the reasons many of us were screaming about the amounts of money stolen from taxpayers and distributed to corporations during the stimulus. It wasn't just a mistake, it was against the law and makes a great launchpad to start literal fascism.
We have been living under economic fascism since the corporations took over government. Wall st. and the Fed have become one big cabal. I wish George luck.
topdocumentaryfilms.com...
originally posted by: Asktheanimals
If nothing else perhaps this will bring an awareness to more people. It only took the Fed 1 world war and 2 decades to break the US treasury. Another 90 years and it has served it ultimate purpose as a wealth vacuum. We work - they got rich. The Great Reset is upon us so expect a new monetary system (digital of course) to be introduced any old time now. Then they will move on to the next control mechanism while trying to convince the public what a great thing it will be.
originally posted by: Shaiker
The US has toppled entire countries to protect the dollar from being exposed for truth. I think these guys play a dangerous game. Bush once murdered 4 million for the same thing. What's a couple more?