The War for Bankocracy with John Titus - Episode 1 - Warning Shot

In May of 2024, the Biden White House published a memo declaring that the United States observes “central bank independence” and that “nearly all advanced economies are now governed by independent central banks.”

The memo—entitled “The Importance of Central Bank Independence”—expressly advocates central bank supremacy over the nation rather than three branches of government under the U.S. Constitution, which the memo never mentions.

The memo likewise avoids the term “Federal Reserve independence,” which unlike “central bank independence” actually passes constitutional muster because it recognizes the Fed as a mere creature of Congress, not as its equal or even superior.

“Federal Reserve independence” means only that the Fed is independent of the president; it doesn’t (and can’t) mean that the Fed is independent of Congress, which is the source of all of the Fed’s legal powers. The Fed is always subject to the control and inspection of Congress, which has the duty to oversee its exclusive constitutional remit of coining money.

“Central bank independence,” according to the Biden memo, means that a central bank does not answer to or even take input from the nation whose currency the bank issues. Countries with central bank independence, like those in the European Union, have no real, enforceable transparency into or control over their central banks.

The Biden White House memo advocates central bank supremacy and rejects U.S. sovereignty. If the memo’s policies were implemented, the Federal Reserve would no longer be subject to the U.S. Constitution, and thus the Fed would be able to operate—like central banks around the world—with as much secrecy as it desires. The global monetary system will go dark if this occurs.

Clips list – in order of appearance :

• CBWF dominici permanent surplus.mp4
• CBWF greenspan cant reduce debt.mp4
• sanders-bernanke who got money + new law (mar 03 2009)(davcc).mp4
• Bunn-2 davcc.mp4
• SHEL-1.mp4
• Carstens Insane 422.mp4
• Galbraith july 09 p28 independence from exec only.mp4
• Paul – Galbraith cong 411 A.mp4
• Paul independence = secrecy

Sources:

• An Examination of What Went Wrong with American International Group, Where Government Intervention Is Headed, and the Implications for Future Regulation
• March 3, 2009 – Economic and Budget Challenges for the Short and Long Term
• Federal Reserve Act
• May 22, 2024 – The Importance of Central Bank Independence
• October 19, 2020 – Cross-Border Payments—A Vision for the Future
• The Constitution of the United States