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FED Dolling Out $250 Million PER DAY in Interest Payments to Unknown Beneficiaries as Economic End-Times Approach

By Ryan Delarme, July 2, 2022

The current global, socioeconomic paradigm has allowed for a small group of mostly unidentified beneficiaries to reap hundreds of millions of dollars per day by way of interest payments. This cushy racket was all made possible by the Federal Reserves’ reverse repo program.

The impending collapse of the financial system as we know it looms on the horizon while those in a position to do so feed the crisis (and themselves) through endless money laundering schemes. 

Whether it’s the war in Ukraine, Executive orders, experimental vaccines, the push for Solar panels and electric vehicles… there are few things being heavily marketed to the world today that weren’t designed to reap maximum profits for the financial elite in Davos Switzerland and the Washington DC political establishment.

In fact, Peter Schweitzer wrote a phenomenal book about how all of this works back in 2011 called Throw Them All Out, a highly recommended read for our audience.

In response to the record inflation, caused either by the reckless or intentionally destructive spending of the Biden Administration, the FED decided to raise interest rates by 75 basis points last month – the largest increase since 1994 – in an effort to slow the Bidenflation tidal wave.

To the surprise of no one, there’s been virtually no improvement to the economy since this change. Quite the contrary, as inflation continues to trend in the wrong direction since the FEDs rate raise. Not only that, but the FED revised its quarterly projections to show negative GDP growth will be expected for the second quarter in a row, essentially proclaiming that a recession isn’t on the horizon, it’s already here.

RELATED: Key FED Indicator Suggests That The US is Already in a Recession

When faced with the hard decision to either help ease the economy back on track or raise interest rates to make the already skyrocketing inflation markedly worse, the FED chose the latter. This change quietly paved the way for a small group of mostly unidentified beneficiaries to start collecting hundreds of millions of dollars per day by way of interest payments, this is thanks to the Federal Reserve reverse repo program.

The program has seen a record 2.330 trillion in cash holdings, and interest payouts have ballooned since the aforementioned FED rate hike, totaling over 100 million per day. The 108 depositors, who hold assets in the fund, are the recipients of these absurd payouts.

As per Zerohedge:

there is a record $2.33 trillion in cash parked at the Fed’s overnight facility, doing nothing…

…Well not nothing: it was nothing when rates were zero, but at 1.55% which is the current reverse repo rate, that $2.33 trillion is a golden goose for the 108 counterparties that are parking cash at the facility, a mixture of money market funds, banks, GSEs and various other financial intermediaries.

How big is this particular Golden Goose? The chart below shows the payment in interest that the Fed makes day on this record $2.33 trillion in funds: as of today it amounts to just over $100 million every single day! That’s right, more than $100 million in interest payments on funds parked with the Fed, which is by definition the world’s only risk-free counterparty!

As ZeroHedge points out, the interest profits are only due to the FED’s past reckless spending.

Also from ZeroHedge:

“All of the above is with the Fed Funds rate at 1.75%. As a reminder, the Fed hopes to keep hiking at least another 175bps (or more) in the next 6 months, which will push the rate to 3.50% and will mean that the Fed will be paying half a billion in interest every single day to a handful of mostly unknown counterparties every day, money which for said counterparties is also known as (riskless) profit and which is only the result of the Fed’s previous money printing.”

Ryan Delarme

Ryan DeLarme is a disillusioned journalist navigating a labyrinth of political corruption, overreaching corporate influence, high finance, compromised media, and the planned destruction of our constitutional republic. He is also a Host and Founder at Vigilant News. His writing has been featured in American Thinker, Winter Watch, Underground Newswire, and Stillness in the Storm. He also has written scripts for television series featured on Rise.tv. Ryan enjoys gardening, creative writing, and fighting to SAVE AMERICA

Key FED Indicator Suggests That The US is Already in a Recession

By Ryan Delarme, July 1, 2022

What has been called a “Key economic indicator” from the Federal Reserve seems to suggest that the country is not “heading into a recession”, but is already entered recession territory.

The Federal Reserve Bank of Atlanta’s GDPNow forecasting tool said on Friday that “real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.0 percent on June 30, down from 0.3 percent on June 27.”

Jeff Cox, an economic analyst, wrote at CNBC on Friday saying that the 1% contraction, “coupled with the first quarter’s decline of 1.6% … would fit the technical definition of recession.”

The GDPNow model offers a more bleak point of view for the next quarter following its assessment, claiming that:

 “the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 2.7 percent and -8.1 percent, respectively, to 1.7 percent and -13.2 percent, respectively.”

The current Federal Reserve Chairman Jerome Powell has promised Americans that the Fed would “succeed in getting inflation down to 2%.”

“The process is highly likely to involve some pain,” he said during a panel discussion at the European Central Bank, “but the worse pain would be from failing to address this high inflation and allowing it to become persistent.”

 But experts have been warning of a perfect storm of economic chaos as inflation has decimated spending across the economy while Federal Reserve efforts to stave off that inflation have seen interest rates spiking sharply.

Ryan Delarme

Ryan DeLarme is a disillusioned journalist navigating a labyrinth of political corruption, overreaching corporate influence, high finance, compromised media, and the planned destruction of our constitutional republic. He is also a Host and Founder at Vigilant News. His writing has been featured in American Thinker, Winter Watch, Underground Newswire, and Stillness in the Storm. He also has written scripts for television series featured on Rise.tv. Ryan enjoys gardening, creative writing, and fighting to SAVE AMERICA

Technocracy 101: If Fed and CDC Are ‘Independent,’ Elections Mean Nothing

By Ryan Delarme, June 23, 2022

Ben Bartee,
June 22nd, 2022

Basic civics recap: the US president, per the Constitution, is the elected executive. That means he is tasked with executing government functions.

He is granted – again, through a theoretically democratic election process – the authority to dictate government activities within the confines of the laws. The legislative branch passes laws; the judicial branch vets them for constitutionality; the executive implements them.

The process, as designed, is not at all vague.

How odd, then, that the Biden White House press secretaries – first Jen Psaki and now the admitted diversity hire Karine Jean-Pierre – repeatedly undermine their own president’s executive authority.

Whenever they’re asked about Federal Reserve or CDC (Centers for Disease Control) policies — government agencies under the umbrella of executive authority — they refuse to give a straight answer on the grounds that the government body in question is “independent.”

“The Federal Reserve is independent. We leave them to make their own policy decisions. We do not get involved in that.”
-Karine Jean-Pierre, WH spokeswoman

The WH has the same hands-off approach to the dictates of the CDC and the shadowy, unelected “experts” who set its policies.

Here’s just one example (you can literally find one from every WH press conference), on the unscientific CDC “travel bans” from abroad last year despite COVID being already widespread in the US:

“Psaki: We are always going to be guided by our North Star — and that is the CDC and our health and medical experts.”
…
Reporter: The Delta variant is already dominant in the U.S., so how does keeping people from foreign countries out, like, protect people in the U.S.?
…
Psaki:  I’m not a doctor or a medical expert.  I think that that would best be posed to a member of the CDC… But I think their decision was made based on the fact that the Delta variant is more transmissible.”
–White House Press Briefing, July 26, 2021

And on the mask mandate issue – even after a federal court struck down the airline mask mandate – Psaki came out and publicly “disagreed” with the court’s decision because, she declared, the CDC is in charge:

“[The Department of Justice] indicated that they would appeal, not just because they think it’s entirely reasonable, of course, to have this additional time to look at it but because they think that for current and future public health crises, we want to preserve that authority for the CDC to have in the future.”
–White House Press Briefing, April 20, 2022

Consequential decisions with life or death implications are theirs, not your (theoretically) elected leaders’!

Who “they” are, exactly, remains unclear, as no one ever actually cites the specific “experts” referenced by name.

“Experts say“= “shut up and obey, ignorant serf. The Science© Gods run the show now. They speak through their conduit, His Grace Anthony Fauci.”

Turning off your mental faculties in blind submission symbolizes your good faith.

Psaki: ‘Sir Fauci of the independent NIH has decreed this duck is a cat. Jot that down, loyal subjects, for dissemination to the peasants.’

WH Press Corps: ‘Without delay, Slay Queen.’

—————–

This is fundamental stuff that can’t be lost on even the most distracted ADHD-afflicted voter.

If government agencies act independently — meaning elected leaders have no influence over their operations — then what’s the point of participation in elections?

Voting becomes ceremonial democratic ritual minus the actual democracy.

No one elected the CDC head to do anything. Ditto with DHS Secretary, the DOD Secretary, NIH Director Warlord Fauci, et al.

But it gets deeper. At least those department figureheads are appointed by a theoretically elected leader, so there’s arguably some tangential democratic tether connecting them to the will of the voters.

But what about the multinational Deep State — the real policy setters never discussed in the New York Times or on MSNCB — who linger in the shadows from administration to administration, who set policy priorities passed down from the international level?

Head of the World Economic Forum Klaus Schwab at Harvard’s John F. Kennedy School of Government in 2017:

“What we are very proud of, is that we penetrate the global cabinets of countries with our WEF Young Global Leaders… like Trudeau”pic.twitter.com/D6odR5mqI6

— Maajid أبو عمّار (@MaajidNawaz) January 25, 2022

 

“What we are very proud of, is that we penetrate the global cabinets of countries with our WEF Young Global Leaders.”

Top politicians are no longer selected by corrupt in-house Boss Hog-like political machines, which would be bad enough. The nomination process for American leadership is now offshored to a real-life technocratic Dr. Evil, headquartered overseas and adorned in menacing dystopian techno-garb like a Star Trek villain.

Musk: the president isn’t the president

I have long said that Biden is a disposable puppet president. Now, Elon Musk, who has much greater reach, has publicly agreed.

Lots of well-intentioned dissident commentators often repeat the rhetoric that “Biden did this,” “Biden did that.”

Biden doesn’t do anything. The most he can be said to do is to parrot his talking points on cue, but he barely ever makes it out of the basement for that. And when he does fumble through them, he’s barely coherent.

The implication of “Biden did that, what a bad guy” is that driving him out of office will solve anything. It won’t.

Getting rid of Biden, while a plus, will do nothing to cripple and usurp the Deep State power structure.

Once Biden inevitably goes, the technocratic ruling class will simply replace him with a new titular puppet. And the agenda will continue uninterrupted.

—————

Things might not be as hopeless as they might seem – if we take the right lessons.

Elections at the local level, for instance, to elect county commissioners who make practical decisions daily do count far more than national-level ones.

Decoupling from the multinational corporate technocracy isn’t going to be painless, but it’s doable with the proper paradigm shifts.

Globalization is the disease; localization is the cure.

Ben Bartee is an independent Bangkok-based American journalist with opposable thumbs. Follow his stuff via Armageddon Prose, Substack, Patreon, Gab, and Twitter.

Ryan Delarme

Ryan DeLarme is a disillusioned journalist navigating a labyrinth of political corruption, overreaching corporate influence, high finance, compromised media, and the planned destruction of our constitutional republic. He is also a Host and Founder at Vigilant News. His writing has been featured in American Thinker, Winter Watch, Underground Newswire, and Stillness in the Storm. He also has written scripts for television series featured on Rise.tv. Ryan enjoys gardening, creative writing, and fighting to SAVE AMERICA

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