Who Controls the United States of America? – Part II
By Victor Sperandeo with the Curmudgeon
In part I of this two-part article, we explained that it was only a few very large companies and their CEOs that control the U.S. economy. They also have tremendous impact and influence on government policies through their huge political donations. We wrote:
Many of the top 1% (in wealth) are CEOs or executives of the 500 largest companies. Through their companies, they controlled about 78% of real GDP in 2020 and individually earned 32% more money than 143.3 million people earned in 2017!
In this piece, we focus on three ultra-elite, globalist organizations that seek to control business and politics in the U.S. They are: The Council of Foreign Relations (CFR), Trilateral Commission (TC), and the Bilderberg Group (BG). We also comment on the New World Order, discontinued weekly reporting of the money supply, MMT, UBI, Biden’s federal spending programs and much more.
A lot of research went into this piece which we hope you will find informative and thought provoking,
The Council on Foreign Relations (CFR):
CFR is a “globalist international organization founded in 1921, which has long promoted the involvement of the United States in other nations and the protection of international business interests.
The CFR seeks to influence American politics by inviting presidential candidates to speak at its events and by encouraging potentially influential businessmen, lawyers, and government officials to join its organization or participate in its events. Many American presidents have spoken at CFR events. It publishes a bi-monthly journal titled Foreign Affairs, which promotes “left-wing” and “Globalist Ideals” while condemning conservatism and nationalism.
The CFR has lobbied for amnesty for illegal aliens (the desire for cheap labor) and has called for government central planning to merge education and economics (to indoctrinate children to their ideology).
Membership in the CFR is a complex procedure designed to ensure the continuation of its globalist vision. CFR members have dominated each U.S. presidential administration since Franklin D. Roosevelt, irrespective of whether it was a Republican or Democrat. By mid-2009, there were a total of 21 secretaries of defense or war, 19 secretaries of the treasury, 17 secretaries of state, and 15 CIA directors that were CFR members.
The Trilateral Commission (TC):
The TC was founded in 1973 by banker David Rockefeller (who was then CFR chairman) in order to coordinate the Globalist CFR agenda in the U.S. with similar organizations in Europe and Asia. These globalists decided to create regional alliances such as NAFTA and the European Union as a steppingstone for a world government. The TC has been the subject of many global elite conspiracy theories.
According to Holly Sklar, who edited the 1980 anthology "Trilateralism," the TC "represents the interests of multinational corporations and banks," which means it's contrary to the interests of Third World countries and workers all over the world. It wants wages kept low. It wants voters kept apathetic and polarized.
Ms. Sklar said the commission set out to economically "co-opt" OPEC, persuading countries like Saudi Arabia to recycle their petrodollars back into Western banks, and to buy weapons from the West, instead of investing in developing countries.
The Bilderberg Group (BG):
Unlike the TC, the Bilderberg group has no formal membership. It is run by a chairman, a steering committee, and an international advisory group. Since 1954, the BG has sponsored annual off-the-record policy discussions (“conferences”) among prominent Western Europeans and North Americans.
The group’s agenda, originally to prevent another world war, is now defined as bolstering a consensus around free market Western capitalism and its interests around the globe.
Participants include political leaders, experts from industry, finance, academia, and the media, numbering between 120 and 150. Attendees are entitled to use information gained at meetings, but not attribute it to a named speaker. This is to encourage candid debate, while maintaining privacy – a provision that has fed conspiracy theories from both left and right.
Globalist Organizations and a New World Order:
Republican and Democrat administrations consistently relied upon global elitist organization members for political appointees. President Joe Biden has stacked his administration with CFR, TC and Bilderberg Group members (please see Sidebar below).
Such “political nepotism” is a major reason that succeeding administrations failed to bring changes that they had promised while on the campaign trail.
U.S. Presidents, such as Jimmy Carter, Bill Clinton, and George W. Bush, pursued decisively left-wing and globalist foreign policies with their CFR-dominated administrations.
President George HW Bush (Sr) stated repeatedly that we are going into “A NEW WORLD ORDER” with a stronger United Nations in a September 11, 1990 speech you can watch here.
On April 23, 1992, the Wall Street Journal published an op-ed from then-Senator Joe Biden entitled “How I Learned to Love the New World Order.” In that opinion piece, Biden extolled “collective security” through the United Nations and called for arming the UN with a “permanent commitment of forces for use by the Security Council.”
In a March 22, 2021 article in the New American, William F. Jasper wrote, “The New World Order is a mantra used by globalist elites worldwide (including Democrats, Republicans, communists, and socialists) signifying their vision of a one-world government under the United Nations and its ancillary agencies.”
SIDEBAR: President Joe Biden’s political appointees (A Globalist Blueprint) include:
· Secretary of State -Antony Blinken (CFR, TC)
· Deputy Sec.of State Wendy R Sherman (TC)
· Under Sec.of State for political affairs Victoria Nuland (CFR)
· Sec of Defense General Austin Lloyd (CFR)
· Deputy Sec of Defense Kathleen Hicks (CFR)
· Undersecretary of defense for policy Colin Kahl (CFR)
· Sec of the Treasury Janet Yellen (CFR)
· Sec of Homeland Security Alejandro Mayorkas (CFR)
· Secretary of Agriculture Thomas Jvilsack (CFR)
· Sec of Commerce Gina Raimondo (CFR)
· Deputy Attorney General Lisa Monaco (CFR)
· Chair of the Council of Eco advisors Cecilia Rouse (CFR director)
· Director of the Domestic Policy Council Susan Rice (CFR)
· National Security Advisor jake Sullivan (TC)
· Director of Nat’l Intelligence. Avril Haines (BG)
· Director of the CIA William j Burns (CFR BG)
· Deputy Director of the CIA -David S. Cohen (CFR, BG)
· Deputy National Security advisor -Jon Finer (CFR)
· Homeland Security advisor -Elizabeth Sherwood -Randall (CFR)
· Special Presidential Envoy for Climate -John Kerry (CFR, BG)
· Ambassador to the United Nations- Linda Thomas -Greenfield (CFR)
· Counselor to the President -Jeffery Zients (CFR)
· White House Press Secretary -Jennifer Psaki (CFR)
· White House Cabinet Secretary-Evan Ryan (CFR)
· Presidential Science Advisor (CFR)
· Coordinator for Middle East & North Africa-Brent McGurk (CFR)
· Coordinator for IMDO Pacific-Kurt M Campbell (CFR)
· Co-chair of White House Gender Policy Council Julissa Reynosa Pantaleon (CFR)
· White House COVID -19 ADVISORY BOARD -Jeffery Zients (CFR)
· Whiter House COVID -19 Advisory Board -Ezekiel Emanuel (CFR)
· White House COVID-19 Advisory Board-Luciana Boris (CFR)
· White House COVID-19 Advisory Board -Michael Osterholm (CFR)
Source: New American Magazine article “BIDEN”S Non-Diverse “Diversity” Cabinet,” by William F. Jasper March 22, 2021
Money Supply Concealment - M1 and M2 Discontinued:
One recent example of strategic concealment and cover up is the St. Louis Fed discontinued weekly reporting of the M1 and M2 Money Supply data (see copy/paste below). These M1 and M2 money supply series have been published since the 1970s. Why hide them now?
“This (M1) weekly series is discontinued and will no longer be updated. The non-seasonally adjusted version of this weekly series is WM1NS, and the seasonally adjusted monthly series is M1SL. Starting on February 23, 2021, the H.6 statistical release is now published at a monthly frequency and contains only monthly average data needed to construct the monetary aggregates.”
“This (M2) weekly series is discontinued and will no longer be updated. The non-seasonally adjusted version of this weekly series is WM2NS, and the seasonally adjusted monthly series is M2SL. Starting on February 23, 2021, the H.6 statistical release is now published at a monthly frequency and contains only monthly average data needed to construct the monetary aggregates. Weekly average, non-seasonally adjusted data will continue to be made available, while weekly average, seasonally adjusted data will no longer be provided.”
We believe the reason that the Fed wants to conceal the money supply data from economists, academics, Congress, and the public is because the explosive growth in M1 and M2 did not stimulate the real economy, as the Fed said it would from 2009 till the present time.
Monetary System Denial by the Fed Chairman:
The comment below by Fed Chairman Jerome Powell is effectively negating the work of notable economists like Milton Friedman (founder of monetarism), Alan Meltzer and thousands of other scholars. Note that Powell worked for The Carlyle Group whose CEO David M. Rubenstein was an influential member of the CFR. Powell says to forget about M2:
“The growth of M2 doesn’t have a relationship with economic growth anymore. The relationship with money supply is something we have to unlearn.”
That is an incredible statement and lie. Here’s one economist’s opinion:
"Chairman Powell has very explicitly claimed that money doesn't matter in recent testimony. He's basically said that money and the measurement of money doesn't really matter because it's unrelated to inflation," said Steve Hanke, Professor of Applied Economics of Johns Hopkins University.
"In principle, they don't think [this data] is important. They want to deep-six the monetarists, basically and push them off to the sidelines. They want to bury Milton Friedman once and for all and be done with it, and their preference would probably to not report any monetary statistics," Hanke added.
Sadly, the American people have gotten a reputation of being so ignorant that Powell is now trying to make them believe his ludicrous remarks are true.
Jerome Powell vs Milton Friedman - which one do you believe will affect your life more?
Analysis of What’s Being Inflated:
“The act of inflating (expanding)...a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services.”
Price increases are the direct RESULT of Inflating/expanding the Money Supply. By ignoring that Powell has now lowered himself to a political con man. A hack or more specifically a “Flim Flam Man” is probably more appropriate moniker!
If the money created goes to rich investors, as it did during multiple rounds of quantitative easing (QE), equities continue to rise due to Fed supplied liquidity (which we’ve explained in numerous posts). Such financial inflation is reflected in the strong increase in stock prices and other related assets, like junk bonds.
If credit is cheap and interest rates low, real estate investors are more easily able to buy houses or office buildings. That increase in demand over supply raises real estate prices.
As we’ve stated so many times, the money the Fed created via QE did not go into the real economy. Fed member banks (since 2011) chose to leave excess reserves on deposit with the Fed, rather than lending it to businesses or consumers and taking on the associated risk of defaults. As the Fed paid the banks interest on those excess reserves, it encouraged banks NOT to lend money. Hence, money velocity collapsed, and inflation has been below the Fed’s 2% target.
Also, the “Dodd - Frank” act changed the loan/swap rules for institutions buying commodities, which kept their price in check.
Furthermore, the CPI does not accurately measure inflation. It’s created by bureaucrats at the BLS that tell you what inflation should be if you listen to them. In other words, the CPI is a scam.
The confusion over inflation is that it is commonly thought of as “price increases,” rather than the RESULT of increasing the money supply. That takes the onus away from the Fed and is akin to dealing from the bottom of a card deck. Here’s the “real deal”:
· If the people or companies don’t get the newly created money, consumer prices will not increase. Instead, money velocity decreases as the new money doesn’t go into the real economy.
· If the money goes to rich investors who speculate or “invest” in financial assets, prices of those assets will rise. Stock buybacks and margin buying also increases stock prices.
In summary, inflation is the money or credit created by the Fed and banks. The prices of what rises as a result (e.g., financial assets or real assets) depends on who gets the money.
U.S. Federal Government Spending Going Ballistic:
Modern Monetary Theory (MMT) is now being executed to a small degree. Have you gotten your $1400 COVID stimulus check yet? It was part of the $1.9 trillion American Rescue Plan Act of 2021. There’s more to come…
Next up is Congress debate on Biden’s $2.3 trillion plan to overhaul and upgrade the nation’s infrastructure, partially funded by increased corporate taxes (especially multi-national companies that pay little or no U.S. taxes). Biden called it a “transformational effort that could create the most resilient, innovative economy in the world.”
Biden followed that up last Friday April 9th with for a proposed a 16% increase in domestic programs via $1.52 trillion in new spending on discretionary programs such as education, health research and fighting climate change.
Who or whom is going to pay for such a vast expansion of federal spending?
I predict that when full blown Universal Basic Income (UBI) gets implemented, we will get the hyperinflation that John Williams of Shadowstats and I have been talking about for years. The Curmudgeon explained UBI and related experiments in the post titled “Guaranteed Income Payments – Welfare on Steroids.”
UBI pundits believe that if the people are each given $1000-2000 a month (X’s 280 million people in the U.S. or about $4-5 trillion a year), the correlation to increased economic growth will magically return without rising consumer prices? Do you actually believe that?
My theme since late 2020 is hereby reaffirmed: Wherever you look in the U.S. you see corruption. That, in turn, is causing the decline of the America many of us grew up in.
However, there may be a glimmer of hope. Our nation has overcome many challenges in the past and every generation has had problems that seemed insurmountable. Yet the one thing that has united this country is that influential people believed those challenges could be overcome.
Remember, how the U.S. won the space race (man on the moon in July 1969) after the USSR launched Sputnik 1 in October 1959?
How about when President Reagan realized that the Soviet Union was not as strong as people thought and built up our military to such a level that the USSR collapsed (in December 1991) because they couldn’t compete. That ended the cold war and the threat of Soviet nuclear attacks. Americans everywhere cheered and breathed a sigh of relief.
Let's hope we can overcome the corruption and corporatism that prevails today such that the U.S. can once again be a great nation.
Who controls the past controls the future. Who controls the present controls the past. And War is peace. Freedom is slavery. Ignorance is strength.” George Orwell, 1984
“You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. … A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.” Milton Friedman
Stay calm, be well, optimism is the word, and till next time……
Follow the Curmudgeon on Twitter @ajwdct247
Curmudgeon is a retired investment professional. He has been involved in financial markets since 1968 (yes, he cut his teeth on the 1968-1974 bear market), became an SEC Registered Investment Advisor in 1995, and received the Chartered Financial Analyst designation from AIMR (now CFA Institute) in 1996. He managed hedged equity and alternative (non-correlated) investment accounts for clients from 1992-2005.
Victor Sperandeo is a historian, economist and financial innovator who has re-invented himself and the companies he's owned (since 1971) to profit in the ever changing and arcane world of markets, economies and government policies. Victor started his Wall Street career in 1966 and began trading for a living in 1968. As President and CEO of Alpha Financial Technologies LLC, Sperandeo oversees the firm's research and development platform, which is used to create innovative solutions for different futures markets, risk parameters and other factors.
Copyright © 2021 by the Curmudgeon and Marc Sexton. All rights reserved.
Readers are PROHIBITED from duplicating, copying, or reproducing article(s) written by The Curmudgeon and Victor Sperandeo without providing the URL of the original posted article(s).