News Behind the News with John Michael Chambers ft. Economist, DR. Kirk ELLIOTT

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In This Report:

Hello my name is John Michael chambers and welcome to the News Behind the News here on the Nemos News Network. 

Well, we did it! 

Trump just ended the Fed as we know it. Joining me to discuss this historic event is economist Dr. Kirk Elliott.

Welcome to Day One of “the Ten Days of Darkness”. Be vigilant, stay safe and of course, trust the plan!

First some big news stories that didn’t really make it to the big news,

1. On May 24th 2019, President Trump was before the agriculture industry.

A reporter asked him live: “You know president Trump, you’ve accused your adversaries of committing treason and the Constitution states that the punishment for treason is execution. Do you care to name them?” 

and Trump went on and said: “sure you have to look at Comey, Stroke, Page, McCabe and others much higher up than that”

1. Donald Trump jr. and Eric Trump sporting their Q flag lapel pins on national television. More specifically Tucker Carlson Fox and Friends and Laura Ingraham.
2. President Trump just ended the Fed as we know it.

Before delving into details of the last news above, let’s see what President Trump has done for us till now.

1. He got rid of TPP right away 
2. He’s defunding the UN 
3. Basically replaced NAFTA with USMCA 
4. We’ve got China phase 1 in motion
5. China phase 2 has already been drafted 
6. We have the oftentimes suppressive and unjustified and unwarranted extraordinary regulations that had tied this country down through Clinton Bush and Obama. 

Well most of those regulations have been lifted except the ones that really should be there. 

In part what that led to is the United States becoming the biggest manufacturer and exporter of both oil and gas 

1. then we have the tariffs being deployed by the President as he deems fit in his negotiation tactics with China and other countries around the world 
2. And of course the greatest tax breaks in history for the US and the trade policy 

 

So he’s basically brought death to globalism and brought the redistribution of wealth and end to the unfair treatment to the United States taxpayer

Here is some background on today’s discussion.

The Great American Coup of 1913

In 1913, which we call the Great American coup of 1913, the Federal Reserve Act was put into law by Congress and President Wilson at the time. 

It became the law of the land, thus it’s been legal, but always unconstitutional, because the Constitution states that only Congress shall have the power to assume control the value of our currency. We gave that away to a group of private dominant international bankers in 1913 and a hundred and seven years later, thanks to President Trump, this has now changed!

What does the Fed do?

As a simple layman’s view of it, 

• they raise or lower interest rates and 
• they increase and decrease the money supply 

but that’s important because that’s what moves everything. They not us, they the unelected and not we the people control it.

So what’s happening now?

Over the last three and a half years, Trump has been positioning the Federal Reserve and chairman Powell now in a bad light. Trump has criticized them time and again. When the recent rescue bill got approved, while the media was focusing on the additions made by the Dems, this matter was slipped in from our side. Hardly anyone noticed. As far as I know, the only one to date was Bloomberg. The Bloomberg article as an opinion article was published on Yahoo.

According to this article, what we’ve learned is that the Fed will finance a special purpose vehicle to allow them to buy commercial paper, asset-backed securities, corporate bonds, bond ETFs. 

the Treasury and not the Fed. This is the change. The Treasury Department and not the Fed will buy all the securities to backstop the loans. The Fed is basically being nationalized. The Fed is providing the money to do it, while Blackrock does the trades. The Fed has merged essentially with the Treasury Department. 

Now, the Treasury Department answers to the executive branch and who’s in charge of the executive branch? President Trump 

so meet the new boss President Trump who has become the de facto chairman. Right now the central bank is basically being taken over one step at a time and yes the coronavirus crisis again never let a crisis go to waste cuts both ways through the national state of emergency and the Stafford Act and other measures we’ve been able to get this done nothing will stop us now. 

This is phase one of the central bank takedown of the system. The US Treasury will now own the secured assets and the interest payments on the 22 trillion dollars of Federal debt and the Fed will be the one who owes all of the 22 trillion incrementally. This may take several months to transition so the Fed has been reduced to a debt saddled private bank. The Fed will simply process transactions for a period of time like a Wall Street brokerage firm, for a fee. Good luck with that business model.

Meanwhile the US Treasury Treasury will hold the collateral on that debt not the Fed and that makes the debt an asset to the United States government. In essence the Treasury is sort of raiding the Fed right now. Of course legally through the bill. They’re using their own tools we’re using against them as the president has done all along during the past nearly four years now. 

So it took us a hundred and seven years to turn this around and thank God it has begun. The Federal Reserve is not what it once was. Their major powers of controlling the issuing of our currency and what to do with it has ended!

In my discussion with my guest Dr. Elliot and he answers the following questions,

• What’s going on around the state. Why don’t you report on Colorado briefly?, and then let’s go right into this historic event that is unfolding… That the news isn’t talking about.
• Dr. Elliott, give us your views on what just happened that was buried in the bill. Tell us what’s happening with regards to the Fed, you know with regards to the Fed.
• In essence to an extent we’ve nationalized the Fed, Yes or No?
• If I understood it correctly then the money that gets injected is no longer the authority of the Fed. They’re just someone that follows the order. They end up with the debt. We the government, we the people, in the Treasury end up with the asset and the interest payments on that debt. So, in essence we’ve restored to some extent the power back to the people and basically reduced the Fed to a small fee-based transaction, like every person that follows orders, like a stockbroker is told to buy and sell stock. Am I right or wrong?
• We have got about three to five minutes Kirk for your closing comments on this subject or or any subject related.

Finally there is a discussion I have with Robert David Steele ex-spy just a couple of days ago. It’s a clip that you want to listen to, particularly towards the very end. He comments on the world that’s coming because of the policies of President Trump and because of “we the Patriots”. Listen in!

Click the “Play” button and turn up the sound for this report from Dustin Nemos!
Email, text, or share this report to your friends and family members that are tracking the Storm ... or who need to be. Nothing can stop what is coming... Nothing.  

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