Trump asked officials if he can legally fire Fed chair: reports

Yahoo – AFP, 23 December 2018

US President Donald Trump picked Jerome Powell to lead the Federal Reserve, 

but has launched unprecedented attacks on the independent central bank

President Donald Trump has privately asked cabinet members if he has the authority to fire Federal Reserve Chairman Jerome Powell after interest rates were increased and the stock market plummeted, US media reported Saturday.

CNN and Bloomberg, citing unnamed people familiar with the matter, said that Trump was furious when the Fed raised the key borrowing rate on Wednesday and signaled it will continue to hike rates next year.

Treasury Secretary Steven Mnuchin, however, quoted Trump as denying any plan to remove Powell.

"I never suggested firing Chairman Jay Powell, nor do I believe I have the right to do so," Trump said, according to comments relayed on Twitter by Mnuchin.

An attempt to end Powell's term early would be a direct attack on the independence of the powerful Fed, which plays a major role in the world's largest economy.

It would also likely create havoc in the stock market.

Trump's aggressive trade policies combined with the strong US dollar have already created fears of slowing US and global growth, and caused markets to retreat.

On Friday Wall Street suffered its third straight rout, ending its worst week since late 2008 at the start of the global financial crisis.

Powell, chosen by Trump for the job, took over as head of the US central bank for a four-year term in February, replacing Janet Yellen.

On Tuesday the president warned the Fed not to make "yet another mistake" by raising interest rates, the second consecutive day he had gone after the central bank on Twitter.

Trump has ignored the US president's traditional respect for the Fed's independence, calling the agency "crazy," "out of control" and a greater economic threat than China.

In October, Trump said he had no intention of firing Powell, but in November declared that he was "not even a little bit happy" with the Fed chairman.

It was unclear if Trump has the authority to fire him, according to US media.

A Fed spokesperson was not immediately available for comment when contacted by AFP.

US President Donald Trump picked Jerome Powell to lead the Federal Reserve, but has launched unprecedented attacks on the independent central bank.

List of notable departures from the Trump's White House as the US president has reportedly asked if he has the authority to fire Federal Reserve Chairman Jerome Powellhttps://t.co/nM7Si2owb3 pic.twitter.com/oEyYynBpZT

— AFP news agency (@AFP) December 23, 2018

Matthew message (Channelled by Suzanne Ward, March 20, 2016)

Matthew Ward - April 20, 2016

Matthew Ward

With loving greetings from all souls at this station, this is Matthew. We begin by addressing the issue that most of your expressed concerns pertain to, global reset. What is its purpose, who is behind it, and how will it affect your bank accounts and investments? While we have not used the more recently-coined term, “global reset,” several years ago we started talking about what it is—the changeover from your current monetary system, which has no foundation whatsoever, to a system based on precious metals. The transition process will be handled as smoothly as possible to minimize disruption in financial services and anyone whose money has been honestly earned and invested need have no concerns.

Whoever sets the rules for the world’s banking and lending institutions and interest rates controls the economy. After individuals in Bavaria who felt superior to the masses designated themselves “the Illuminati” and subsequently expanded their influence in all directions, that secret society has applied their rules worldwide. They did so with ease, as long before they came on the scene, the stage had been set by a few rich and powerful families whose greed, ingenuity and ruthlessness gave them economic control.

Global reset is a significant step toward ending that centuries-long control. Although the term is not used, its purpose—to stabilize the global economy by putting all currencies on the gold standard—is one of several provisions in NESARA, the acronym for National Economic Security and Reformation Act that was written by some of Earth’s Golden Age master planners in collaboration with evolved residents of Earth. Even today relatively few people are aware of this United States legislation signed by President Bill Clinton in 2000 because those who knew about it were bound by a “gag order” that he and other Illuminati members of the government imposed.

After the Act became publicized to some extent via dissemination of information transmitted by off-planet sources to their receivers, the government set up a disinformation Web site—National Economic Stabilization [later changed to Security] and Recovery Act—and incorrect information about NESARA was circulated to mislead people who had heard about it. Never has it been an investment program, nor does it include the delivery of “prosperity packages,” depositing millions of dollars in bank accounts or cancelling legitimate debts.

The authentic NESARA was to be announced worldwide and go into effect September 12, 2001. To prevent that world-changing event, President George W. Bush and his Illuminati colleagues ordered the infamous betrayal of their country commonly known as “9/11.” That also let them move forward on their pre-planned invasion of Iraq under the “war on terror” banner.

It would be natural to wonder why a program that has monumental global ramifications began with legislation in the United States. First, NESARA’s provisions had to be framed within your laws; otherwise, it would be a matter of souls from other civilizations imposing their ideas upon the people of Earth, and universal laws prohibit that kind of interference even when it is in the people’s best interests.

Second, it was imperative that the profound changes the Act contains be implemented first in the United States because it was the most Illuminati-ridden and the most powerful nation in your world. Although the latter status now shares the spotlight, that government’s actions still heavily influence what happens in many other countries. And it was necessary to act on NESARA’s provision that changes the United States’ corporate status that had been surreptitiously set up by the Illuminati to a republic, as was intended by the colonists who waged the war for independence.

The Act’s primary economic thrust is something that could not be spelled out in any legislation: legally obtaining the vast wealth that has been illegally and immorally amassed by the Illuminati and using those funds to eliminate impoverishment, which, by and large, is of their creating. Let us cite an example that you may remember from previous messages. The hurricane that devastated Haiti was caused by the Illuminati’s weather control technology; after the storm subsided, former US presidents Bush and Clinton went there to divert into their own pockets the monies donated for aid and reconstruction. As for the people of Haiti, these six years later they still are living in unsanitary, substandard conditions just as before the hurricane hit, and many residences are makeshift hovels amidst the rubble of destroyed communities.

The unconscionable disparity between the haves and the have-nots in your world caused an imbalance in Earth’s energy field that must be remedied, and other NESARA provisions also are designed to do that. They cancel debts incurred through IMF loans; end usurious interest rates; topple the privately-owned Federal Reserve System, whose tentacles span the globe, and its collection agency, the IRS; and end the currency trading that has enabled the Illuminati to reap fortunes, and that is where global reset fits in.

Recently a reader wrote: “I remember last year, or the year before...he [Matthew] said we wouldn’t get the global money exchange till 2017.” That is a considerable misinterpretation of what we said:

That said, we happily tell you that the decade of delay in your society’s advancement will end in your year 2017, a most propitious timeframe indeed with a celestial window similar to the one during the December 2012 solstice that eased Earth into fourth density. [September 23, 2014]

After that message went out, numerous readers had questions about that statement, and we want to mention one: Do you mean that no important developments can happen until the end of 2017? Dear brothers and sisters, important developments have been happening ever since Earth embarked on her ascension course 80-some years ago! However, it is likely that the first development to be unmistakably obvious to your whole world will be global reset. This complex process requires the cooperation of a large number of national leaders, and, with ever-rising vibrations, their agreement to proceed could come this year. If not that soon, please don’t be disappointed—an honest, secure foundation for your global economy is on the near horizon.

The “Panama papers” will lead to another significant economic reform. The international law firm whose records were hacked and released to the media always has acted within the laws that regulate the establishing of shell companies; firms in the United States and other countries that also set up these kinds of companies for their clients are regulated as well. After providing this service, the firms no longer are involved. While it has long been known that many wealthy individuals are using shell companies to hide their money and avoid paying taxes on it, there was no evidence to prove their criminal activity. The Panamanian firm’s files with names of their clients’ companies gave a starting point for the ongoing investigation into the maze of illegal steps taken by the owners to cover their tracks, discoveries that will result in striking down the laws that permit the formation of “shells.”

“This year I've been receiving a lot of messages from different people about the tithe. I would like to know what Matthew has to say about it.” Giving 10% of one’s income to the church was a Vatican edict that enabled popes and others high in the church hierarchy to live in opulence and parish priests to live comfortably while poverty was the lot of many in the Catholic congregation. Other religions adopted the tithe to build grand churches to “praise God.” Church is nota building, it is each individual’s personal relationship with God; sharing from the heart is godliness, the tithe was devised by man with greed as its taproot. When the peoples realize that Christianity was organized by the heads of church and state to control the masses and enrich themselves and other religions also were corrupted by the infiltration of dark minds, all dogmas will fall by the wayside and the pureness of spirituality will endure.

“I just heard about this movement for a new world government. Matthew assured us this would neverhappen!!!!” In many messages we have assured you that the Illuminati never will attain their goal of world domination. Without knowing what this reader heard, all we can say to all of you is, please do not associate a centralized governing body with One World Government or New World Order, two designations for the Illuminati’s global domination plan that includes eliminating most of the population—the “useless eaters,” as attributed to Henry Kissinger. We reassure you, that plan is doomed because their global network came apart at the seams and the fragments are unraveling.

Freedom burns in the heart of humankind, yet rarely have Earth’s peoples lived freely. For long ages strongmen increased their landholdings and power by brutal conquest—troops were forced into battle; untold numbers were killed, captured, or sold into slavery; and all except the privileged few lived at bare subsistence level. After governing systems were labeled, the Illuminati made a mockery of democracy by putting ones within their ranks as candidates; rigging elections; and bribing, blackmailing, threatening or assassinating members of governments. They declared what country must be fought to keep us safe from that kind of government or that ideology, and they started civil and international wars.

Like their forbearers, they thrived on war. By producing and selling weapons, ammunitions and other war machinery to both sides, they profited handsomely. By setting new national borders or simply taking over a country and subjugating its populace, they kept expanding their empire. By infiltrating governments, military forces, intelligence agencies, judicial and economic systems, religions, education, media, commerce, multinational corporations, the medical field, film industry and entertainment venues, eventually they controlled everything that impacts life in your world. By relentlessly creating fear, grief, unjustness and poverty, conditions that produce the energy that fuels them, they have kept your world in their clutches.

That long sad chapter of your history is nearing its end. It is Gaia’s desire that all peoples of Earth live freely, peaceably, cooperatively across boundaries, across seas, and all share equally in the planet’s natural abundance. In keeping with her desire, the best aspects of your governing philosophies and visionary ideas will be blended into a global system led by individuals with moral and spiritual integrity and whose wise leadership will maintain peace and prosperity. Beloved family, the world you are helping to create in linear time and exists in the continuum—Earth’s Golden Age abloom in all its glory—is grandly flourishing within that benevolent governance.

“If Light on the planet actually is continually intensifying, why is there still so much random violence? Why aren’t peace talks successful in ending wars? It is lamentably so that progress in those respects is moving slowly. By and large, this is due to individuals’ resistance to change what they are accustomed to—a belief, policy, tradition, procedure, habit or anything else that is familiar. Let us give an example that you may not have considered as a deterrent to raising the consciousness level and spiritual awareness of your society.

Some candidates running for office in the United States are pledging adherence to the Constitution, a document compiled when owning slaves was white people’s right and only men were considered capable of voting intelligently. Well before the Bill of Rights granted citizenship to former slaves and permitted women to cast ballots, there was A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. The second amendment, written about 225 years ago, provided for the young country’s readiness in case the British tried to regain control and arms were muskets. Yet many citizens cite this amendment as their right to have weapons designed for today’s battlefields, and some believe they will need to use those weapons when “… they’re going to declare martial law so they can take our guns away.” Energy generated by those thoughts and feelings not only adds momentum to the proliferation of weapons, it is manifesting a standoff because it’s conflicting with energy directed toward ending violence and achieving a world at peace.

By no means is that the only resistance factor, but its deterrence to an awakened society needs to be recognized. What is greatly heartening is, as vibratory levels keep rising, increasingly people will become enlightened and eagerly welcome progressive changes.

“Would you please be so kind as to ask Matthew about the flat earth and the firmament as mentioned in the ancient scriptures and also, in the bible.” We say that individuals who long ago recorded their celestial observations did so without the knowledge that a solar system with one flat planet amidst the spheres defies universal laws of physics. The belief that Earth is flat gives no credence to your scientific knowledge, and it is the same with the belief that a few thousand years ago God created Earth in six days.

We also have been asked about the “New Earth,” described as a pristine planet where light beings will be transported while the dark ones stay on the “first” Earth to continue battling and devastating the environment. Eons ago in linear time the soul Gaia chose to incarnate as a planet, which somewhere along the line came to be called Earth, and she has no intention of abandoning her body or occupying two. Your technology, which has been suppressed and misused by the Illuminati, and the advanced technology that your universal family will bring when they can safely join you, will restore Earth to her original Eden self. It is her destiny to once again be a healthy, beauteous, peaceful homeland for all of her residents.

Lighted beings throughout this universe honor your steadfast service that is bringing ever nearer that wondrous era, and we are with you in loving spirit all along your journey.

LOVE and PEACE

Suzanne Ward

Website: The Matthew Books

Email: suzy@matthewbooks.com

Related Articles:

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President Obama Just Took a Major Step in Response to the Panama Papers

Matthew message (Channelled by Suzanne Ward, July 19, 2015)

Matthew Ward - July 19, 2015

Matthew Ward

With loving greetings from all souls at this station, this is Matthew. Many of your analysts think that the Greek people’s resounding “No” on the recent referendum put their country on the road to irreversible economic ruin. The country will manage. “No” put the Illuminati on the road to irreversible economic ruin.

Going back a long, long ways, bartering worked splendidly in communities, but the expanding borders of commerce required a different means of exchange; and with the introduction of coinage, money became the axis on which your world turned. The forerunners of the Illuminati and later that group itself controlled the turning by devising taxation, banking and lending systems; and, as centuries passed, “numbered” bank accounts, stock markets, Federal Reserve System, International Monetary Fund, regulating agencies and credit cards with usurious interest rates. Everything they established was specifically designed to add to their fortunes, tighten their economic control over the peoples, and increase their influence within national governments.

The Illuminati began as a cohesive group of like-minded individuals whose objective was world domination. As time went by, egos grew and tempers flared, and eventually two competitive factions with that same goal emerged. Later, the Rothschilds and their adherents, who operate out of London and the Vatican, came up with a plan to solidify their control throughout Europe—the European Union, European Central Bank and euro currency. Let us borrow your expression, “How’s that working for you?” There is no bandage large enough to patch the crack the Greek vote made in the Rothschild network. The crack will spread like a spider web around the world and into it will fall the Rockefeller faction headquartered in Washington, DC, and on Wall Street.

As if that isn’t enough for both factions to deal with—and Pope Francis’ goodness and wisdom keeps upsetting their apple cart—now there’s the agreement between negotiators from several major nations and Iran’s leaders that their country will not pursue development of a nuclear weapon. It is no surprise that Israeli Prime Minister Netanyahu, a top-ranking Illuminati, denounced the agreement or that Illuminati in the United States Congress and members whose election campaigns were funded by that group are opposing President Obama’s efforts to get congressional approval. They want to invade Iran and, along with taking over that country’s oil, reap the riches that come from producing the machinery of war.

The vibrations of intensifying light that led to those reversals for the Illuminati will keep increasing as the planet continues on its ascension course. If we could tell you when their total undoing will be, we would do so joyously; but activity in Earth’s energy field of potential indicates that their inevitable demise will come in stages, not one fell swoop. They still have some power, dwindling though it is, in their “black ops” branch of the CIA; other intelligence sources, including Mossad; high-ranking personnel in some military forces; leverage within mainstream media and some governments; and huge caches of monies to initiate or exacerbate uprisings, fund the Islam State, and pay their minions to hack computer systems, oversee the street drug trade, fill your skies with chemtrails, deny pollution’s contribution to climate change, or disseminate false information on the Internet.

While a few within the higher ranks of both Illuminati factions are talking with principals in reform movements, the hardliners are talking about joining forces; some have abandoned their fast-sinking ship, died of natural causes or by their own hand, or been arrested. You would recognize some names, most you would not, and it is unlikely that any of the Illuminati will be identified as such in mainstream news reports.

Upheavals will keep popping up as the ages-old light vs dark battle for Earth’s civilization at last is nearing its end. You have waited a long time to see the light triumph as predestined, and you can welcome the bumpy ride through the last phases. However, most of the populace don’t know about that long conflict or that everything transpiring and what is ahead is about planetary and personal ascension out of millennia of dark bondage.

Many people are fearful or angry, and with each new bump, others will have the same reactions. Your calmness, yet excitement, and explaining to the extent individuals are receptive can encourage them to have an optimistic outlook. But please do not be disheartened if family and friends don’t respond positively—they will waken in their own times of readiness.

And, we ask that you keep foremost in your thoughts that every person in your world is a part of God, by whatever name the Supreme Being in this universe is called. Every person is inextricably connected at soul level with all others, and God’s love for each and every one is unconditional. Seeing “offenders” through God’s eyes doesn’t mean wanting them to forego justice by your world’s standards—already this has come to some and shall befall others. What it does mean is, you will uplift yourselves and your world by envisioning those individuals within the light rather than focusing on their punishment. The impartial, nonjudgmental and unavoidable laws of the universe will serve them justice in a spirit world according to their lifetime deeds.

This is an appropriate place to answer a reader’s questions: “What will happen to Nirvana after Earth reaches 5th density? Can there still be reunions with our loved ones?” Nirvana will accompany Earth to her destination in fifth density and continue to be her spirit realm, but with grand differences. The tiny dense orb that houses the basest individuals and is the only part of the realm separate from the rest will be transported to some third density civilization and incorporated into their spirit world, or it will be dematerialized after its inhabitants are moved to a spirit world of equal density. Nirvana’s lower layers—learning centers for people who want to outgrow their negative tendencies such as bigotry, anger, apathy, envy, miserliness, bitterness, disloyalty, dishonesty, manipulativeness, closed minds and desire to control others—also will disappear. Those traits served well when they were aspects of karmic lessons souls chose to attain balanced experiencing, but your society will have advanced consciously and spiritually and no longer need to experience negative characteristics.

Indeed, reunions of loved ones can take place in Nirvana when that realm and Earth are in fifth density, but then just as now, meetings can be in any placement in this universe where energies are compatible. Actually, these visits have been happening all along during your sleep time, but your bodies’ density can’t retain memories of those visits—when you waken and have fragments of memories of being with a loved one, you attribute them to dreams. As your consciousness expands with light absorption, you will start to clearly remember your joyful reunions.

With reference to our stating that “everything in your world is purposeful,” a reader asked, “What purpose is served by rats, roaches, fleas, mosquitoes, etc.” It started eons past in linear time, when the darkness manipulated the DNA of some weaker civilizations and programmed their bodies for aging and disease. A civilization at third density conscious and spiritual level, which Earth’s peoples and other life forms have been for many millennia, has bodies that are susceptible to the diseases that some insects and rats can cause or spread; and, given the flexibility in soul contracts, physical death by that means can satisfy contracts’ cause and longevity provisions.

Insects also serve the purpose of souls whose lifetime energy consigned them to the basest part of third density spirit realms. When they are willing to receive sufficient light to embody, they do so in a short-lived form without cellular memory patterning that could influence behavior as they start back up the ladder of evolution. You will welcome knowing that insects cannot survive in the higher vibratory levels where Earth is heading, and their place in the food chain no longer will be needed.

Rats are intelligent, emotional rodents, and those that are well-treated pets respond in kind; the hordes that run wild simply are trying to survive in a world where they are detested. As a civilization grows in consciousness, so do all other life forms in that world. With that advancement comes humankind’s respect for all animal life, and “wild” rats, like other species now considered obnoxious, will be elevated in behavior and popular acceptance. Have no concerns that your world may be overrun with rats or rabbits or any other animals that produce litters quickly! They will reproduce less often and in smaller numbers as long as they decide to embody on the planet—these species, like all others, evolve and at some point incarnate as higher-order beings.

Citing numerous ways that Earth’s animals are being treated inhumanely, a reader asked, “Can the galactics not help with ending this horrendous treatment of animals?” Your universal family is helping by beaming light in abundance to Earth, but they cannot interfere with the free will of individuals who cause suffering and merciless death to your animals. It is up to your society to stop abhorrent practices, and thanks to the dedicated efforts of many souls, this is happening. Countries are setting standards for treatment of animals and repercussions for violators; there are boycotts of food, other products and entertainment derived from animal exploitation; poachers of wild animals are being taught other livelihoods; education is expanding about the importance of preserving wildlife and their habitats on land and in the seas; the numbers of wildlife reserves and no-kill shelters of pet species continue growing and so do the numbers of homeless pets who are adopted.

Participating in or financially supporting these encouraging activities is vital, to be sure, but an invaluable contribution that everyone can make to improve animal life is to not agonize about their plight, but instead send love-light to all of Earth. The law of attraction brings back the very same energy sent forth in thoughts and feelings, thus agonizing about any situation brings back still more circumstances to evoke that feeling.

A reader in New Zealand asked why teen suicides in her country and elsewhere are becoming more frequent. Perhaps because of religious teachings, dying by one’s own hand at such a young age—at any age—is viewed as more tragic than death by disease or fatal injury. So first we say, there is no judgment or penalty and no such place as limbo or hell for people who end their lives.

Their reasons differ just as the individuals themselves do; however, according to our colleagues in Nirvana, most teenagers who commit suicide are gay or lesbian or they know that their body and gender are mismatched, and they enter spirit life with tormented psyches that need customized care for healing. They were emotionally drained from struggling to conform to familial expectations, societal standards and religious orientation, or they had been cast out after declaring their true selves—either way, they saw death as the only escape from hopelessness and despair. As your society continues growing consciously and spiritually, honoring the divinity and genuineness of all soul-selves will replace discrimination and rejection.

“I have noticed a lot of fear-based information on the Internet surrounding ingesting monatomic gold. Can you please elaborate on how it actually works within our bodies?” The intention of that information—and it is a good example of DISinformation on the Internet—is to steer you away from one of the most valuable substances you can ingest. In addition to fortifying immune systems, monatomic gold contributes to health by rapidly regenerating cells; raising bodies’ frequencies; improving organs’ functioning;accelerating the transformation of carbon-based cells into crystalline; and helping to increase DNA strands. All of those physical benefits enhance brain power and that leads to expanded consciousness, spiritual clarity and overall balance. Individuals who are influenced by darkness don’t want you to have any of those advantages so they disseminate blatantly false, fear-based information about monatomic gold.

To readers who asked if signing petitions really does any good: Yes. You may or may not see prompt effects in the specific areas the petitions cover, but the energy you put forth to support endeavors you deem worthy contributes to the overall light on the planet.

“Please ask Matthew to speak about people suffering from depression. I am fearful I may not be following my soul contract and more so failing to do my part to promote positive loving thoughts to myself and others so as to assist Earth's transition.” Our understanding and compassion go out to this dear soul and to all others who are dealing with depression, an emotionally painful condition that has become almost commonplace in your world, and we hasten to say that none of you is failing self or others! You are not lacking light, but light-heartedness. Even if depression is a karmic choice for balance, it needn’t be long-lasting, and discovering and alleviating the cause is possible.

The cause may be physical. Consult a trusted healthcare practitioner about testing for hormonal imbalance, which is treatable without pharmaceutical drugs that don’t eliminate the cause and do lead to other maladies. We have mentioned the benefits of monatomic gold, and suggest as well that you eat nutritious food, drink a great deal of pure water, get sufficient sleep, listen to melodic music, and spend as much time as possible with Nature. Especially during these times when body, mind and spirits are adjusting to ever-heightening vibrations, those are wise suggestions for everyone.

In many cases, depression is circumstantial, due to one’s own or loved ones’ situation or perhaps the state of your world. When you start thinking about something sad or worrisome, change to a positive thought about that situation and visualize it dissolving into beams of light—here again the law of attraction plays a crucial role. Take one step at a time to overcome feeling depressed—this can be as simple as the satisfaction of completing a small task or as uplifting as knowing that you are contributing light to the world via compassion, forgiveness, gratitude, generosity and kindness.

Dear ones, apply those light-filled feelings to yourself, too, and ask for help! Angels, spirit guides, souls in Nirvana and other spirit worlds—all are God’s emissaries—are ever-ready and eager to help lift you out of depression’s heavy-heartedness.

Yes, planetary cleansing will continue a while longer because Earth needs to rid herself of negativity as it is produced. But we say to readers who asked about earthquakes that will devastate entire major cities, tsunamis of epic proportions, dramatic changes in land masses, and temperatures that will continue rising until they snuff out all life: Not only are those concerns needless, but they emit low vibrations that add to the negativity Earth has to deal with.

Many who requested our comments about the Trans Pacific Partnership feel this is an Illuminati-made bill that will benefit only the wealthiest. Several also questioned much the same as the reader who wrote: “If President Obama really is a light being, why is he pushing Congress to get this bill passed?” and others wrote that his efforts prove he is either Illuminati or their willing puppet or is being mind-controlled by them.

Indeed, TPP provisions have the potential to favor only the wealthy—whatever can be used beneficially also can be twisted into malevolent directions—and we shall tell you what we have been told about President Obama’s position. He is acting upon the advice of our “space” family members living among you to not make waves at this stage of behind-the-scenes talks with individuals in the Rockefeller faction. They are not defectors per se, they are pragmatists who know their aim of world control is doomed, and because their interests are better served by economic stability than global collapse, they are amenable to discussing reforms that will have far-reaching effects.

These individuals, whose cooperation can expedite the reforms, wield considerable influence in the corporate world; and their bargaining point is that by acting in good faith on TPP’s provisions, workers in the off-shore countries will reap benefits that currently are nonexistent and would not adversely affect workers in the United States. Our perspective is, as vibrations continue increasing, improvements will come in every aspect of life in your world, so with or without TPP, beneficial changes are ahead for people everywhere.

We honor you, our beloved family, for your perseverance as lightworkers. You are adding immeasurably to the light that is propelling ongoing and forthcoming changes throughout your world.

LOVE and PEACE

Suzanne Ward

suzy@matthewbooks.com

LOVE and PEACE

Suzanne Ward

Website: The Matthew Books

Email: suzy@matthewbooks.com

Related Article:

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems  (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it),  Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse),  Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

Yellen Seeks to Avert ‘Capture’ by Banks

Jakarta Globe, Bloomberg, Ian Katz, Mar 04, 2015

U.S. Federal Reserve Chair Janet Yellen holds a news conference
at the Federal Reserve in Washington. (Reuters/Kevin Lamarque)

US Federal Reserve Chair Janet Yellen, countering criticism from members of Congress, said the central bank was trying to avoid being too cozy with the Wall Street firms it supervises and wants to ensure that regulators aren’t afraid to confront the financial industry.

“The risk of regulatory capture is something the Federal Reserve takes very seriously and works very hard to prevent,” Yellen said in remarks prepared for a speech in New York on Tuesday night.

“It is important that anyone serving the Fed feel safe speaking up when they have concerns about bias toward industry, and that those concerns be addressed.”

The Fed has been criticized by Democratic lawmakers, including Senator Elizabeth Warren of Massachusetts, who say it’s deferential to large banks.

The issue was the subject of a Senate hearing in November following allegations by Carmen Segarra, a former examiner at the Federal Reserve Bank of New York, who said her colleagues had been too soft on Goldman Sachs.

At the hearing, Warren told New York Fed President William C. Dudley that he needs to fix a “cultural problem” or “we need to get someone who will.”

The Fed has also come under fire from Republicans, including Richard Shelby of Alabama, the Senate Banking Committee chairman, who called for more Fed transparency and greater congressional oversight at a hearing Tuesday.

Yellen, in her speech to the Citizens Budget Commission, also took aim at ethical lapses at large banks supervised by the Fed.

Follow the law

“We expect the firms we oversee to follow the law and to operate in an ethical manner,” she said.

“Too often in recent years, bankers at large institutions have not done so, sometimes brazenly.”

Such incidents “raise legitimate questions of whether there may be pervasive shortcomings in the values of large financial firms that might undermine their safety and soundness,” she said.

Global regulators, including the Fed, are trying to tighten oversight of financial benchmarks that are used to price everything from student loans to mortgages, oil and currencies.

The world’s largest banks have paid billions of dollars to settle allegations of rigging Libor and other interest rates. Six firms, including Citigroup and UBS, paid $4.3 billion in November to settle probes into the manipulation of foreign-exchange rates.

Forest versus trees

Yellen spoke broadly about efforts to ensure financial stability, saying the Fed is focusing more on the “forest” of the financial system rather than the “trees” of individual banks.

“We cannot eliminate the possibility of another crisis, but we can make a crisis less likely and less damaging by limiting excessive risk-taking by firms we oversee and by helping ensure that the most systemically important firms are better prepared to weather a crisis,” she said.

The Fed this week will announce the first results of this year’s so-called stress tests of the biggest banks, which are intended to see if they can maintain adequate capital cushions and keep lending in a hypothetical crisis scenario.

“In the decades of relative financial stability leading up to the crisis, it is fair to say that the Fed focused too much on individual firms and not enough on their role in the financial system and the implications of those firms’ operations for financial stability,” Yellen said.

Yellen said the financial system has become safer since the crisis.

The “high-quality liquid assets” of the largest US banks have increased by about one-third since 2012, and their reliance on short-term wholesale funding has “dropped considerably.” The amount and quality of capital, and the strength of liquidity at large banks, are “greatly improved.”

Risk management

She said the Fed sees “some evidence of improved risk management, internal controls, and governance at large firms. But large firms still have room for improvement in this area, and supervisors will be watching closely.”

Banks’ so-called living wills, annual hypothetical plans for a fast and orderly bankruptcy, “still have a number of shortcomings,” she said.

The Fed “expects these institutions to make substantial progress in the coming months, which will leave firms and the government better-positioned to manage the failure of a large institution.”

Bloomberg

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Biggest Global Banks Go to Pieces Under Pressure From Regulators

Biggest Global Banks Go to Pieces Under Pressure From Regulators

Jakarta Globe - Bloomberg, Michael J. Moore, Yalman Onaran & Nicholas Comfort, Feb 27, 2015

The logo of HSBC Private Bank in Geneva, Switzerland, 18 February 2015.
(EPA Photo/Martial Trezzini)

Global regulators have issued dozens of rules aimed at making the biggest banks safer. That’s leading to another result some wanted: making them shrink.

HSBC Holdings, Europe’s biggest bank by market value, said this week it’s considering “extreme solutions” for some of its units. Royal Bank of Scotland Group is reducing its US trading staff and getting out of two-thirds of the countries where it operates. JPMorgan Chase & Co. is closing branches, raising fees on some institutional deposits and looking for ways to shrink its trading businesses.

Increasingly strict capital rules over the past three years may be forcing the breakup of the financial supermarkets built in the decade before the financial crisis. Lenders, unable to use borrowed money to fund as much of their business as they once did, have cut profitability targets and are weighing more drastic actions to meet them.

“We’re beginning to see discussions that these capital charges are sufficiently large it’s causing those firms to think seriously about whether or not they should spin off some of their enterprises to reduce their systemic footprint,” Federal Reserve Chairman Janet Yellen told the House Financial Services Committee on Wednesday. “And frankly, that’s exactly what we want to see happen.”

Bank capitulation

Banks have been cutting assets since the financial crisis, selling smaller units and unwinding derivatives that carried high capital charges. The latest moves represent a capitulation in which many of the largest banks may be ending their ambitions of offering all services in all regions.

Regulators’ tools have included minimum capital ratios, stress tests and demands that more bank assets be the types that are easy to sell in a crisis. That combination, along with tepid economic growth and low trading levels, drove return on equity, a measure of profitability, to an average of 3.3 percent last year at 10 of the largest banks from 17 percent in 2006.

“Banks certainly anticipated the direction of travel on capital rules, but with hindsight not the severity, which is why combined with low economic growth we are seeing repeated changes to strategies to try to improve return on equity,” Jon Peace, an analyst at Nomura Holdings, wrote in an e-mail.

While RBS’s decisions were driven by seven straight annual losses, other banks may face pressure to downsize based on profits that aren’t high enough to meet investors’ demands. Bank of America and Citigroup, each with more than $1.8 trillion in assets, haven’t topped a 7 percent return on equity since the financial crisis.

‘Intense pressure’

Deutsche Bank is weighing job cuts, winding down business lines at its investment bank and selling assets, including consumer-lending unit Postbank in Germany, as part of a strategy review at the Frankfurt-based lender, a person with knowledge of the matter said last month.

“In 18 to 36 months, there will be a much more intense pressure on some number of banks to break up,” Lazard Vice Chairman Gary Parr said in an interview last month with Bloomberg TV. “It’s a Darwinian exercise, and what’s fascinating to me is how slowly it’s going.”

JPMorgan Chief Executive Officer Jamie Dimon, who runs the most profitable of the 10 banks, has taken the strongest stand against radical change. Dimon has defended his bank against analysts’ suggestions that it would be worth more broken up, saying the lender’s structure is what clients want and offers $18 billion in additional revenue and cost savings.

Black knight

A year ago, JPMorgan said it could earn a 15 percent return on tangible equity, which excludes items such as goodwill, even though it would have to maintain a 10 percent common-equity ratio. In December, the Fed proposed stricter capital rules for the biggest banks. JPMorgan said this week that it will cut more costs and earn 15 percent with a 12 percent common-equity ratio.

“Jamie Dimon is playing the role of the Black Knight in ‘Monty Python and the Holy Grail’: He’s saying it’s just a flesh wound,” said Mike Mayo, an analyst at CLSA, referring to the 1975 British film in which the knight loses his limbs. “If this is just a flesh wound and they can get a 15 percent ROE with all the additional regulatory impediments, then the call from investors to break up subsides.”

Still, JPMorgan acknowledged at its annual investor day this week that it’s trading at the biggest discount among the eight largest US banks relative to analysts’ estimates of future profitability. Glenn Schorr, an analyst at Evercore ISI in New York, asked if tinkering at the margins failed to grasp the message regulators are sending.

“Are we missing the forest for the trees?” Schorr asked JPMorgan Chief Financial Officer Marianne Lake. “You’re optimizing, but is the Fed going to look at that and say, ‘I don’t get it, how many ways do we need to tell you you need to shrink, both in size and complexity?’”

Onerous rules

It isn’t only the rules forcing banks to cut their reliance on borrowing that have limited profitability. So-called return on assets, which measures how much profit a bank can make for every dollar of assets it holds, has also fallen.

For 10 of the largest European and US banks, profit on each $100 of assets on the balance sheet fell to 22 cents last year from 81 cents in 2006.

With all the capital rules, banking is still highly leveraged compared with other industries. The risk arising from that model has led regulators to attempt to ensure that banks can be wound down in a crisis.

‘Safer system’

“They are saying we’ve got to go back to a much safer system and that means everyone needs to shrink,” said David Ellison, a Boston-based money manager at Hennessy Advisors, which oversaw $5.9 billion at year-end. “They are using Basel, the CCAR stress test, to say this is what we want you to do. They have effectively nationalized the banking system.”

At first, it looked as if the rules wouldn’t be that onerous. Capital requirements revised in 2010 after the crisis were watered down under pressure from some European governments. So were the harshest elements of the US Dodd-Frank Act the same year after intense industry lobbying.

The failure of more European banks and the emergence of scandals that revealed rate-rigging and tax-dodging by others changed the political climate, leading to increased desire for stiffer measures. Global regulators added capital surcharges for the largest institutions. US supervisors almost doubled those.

Winding down

There’s nothing in Dodd-Frank or the global capital rules that tells banks to break up, according to Thomas Hoenig, vice chairman of the US Federal Deposit Insurance. The law says they should be capable of being wound down in a crisis, which is pushing some firms to shrink, he said.

“We’re not going to break you up, but we want you to structure yourself so that your failure doesn’t bring the economy down next time,” Hoenig said. “If you can’t get to that point with your current organization structure, then you should sell assets to get to that state.”

That message is finally getting through.

“Everybody knew capital levels would have to rise, but the magnitude of what regulators plan now probably exceeds most people’s expectations,” said Carola Schuler, co-head of European bank ratings at Moody’s Investors Service. “These higher capital requirements could be interpreted as an acknowledgment that the too-big-to-fail containment framework that was in place isn’t working properly.”

Bloomberg

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"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy,Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) -(Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Fed ends bond buying, keeps rates low

The US Federal Reserve has ended its bond-buying program known as quantitative easing. The purchases were meant to stimulate a flagging economy that has since picked up.

Deutsche Welle, 29 Oct 2014

The US Federal Reserve on Wednesday ended its monthly campaign of purchasing asset-backed debt, a show of confidence that the American economy would continue to recover despite bleak forecasts for much of the rest of the world.

But the central bank said it would keep its benchmark short-term interest rates at record lows "for a considerable time" while the job market picks up. Experts do not expect it to raise that rate until mid-2015.

"The Committee continues to see sufficient underlying strength in the broader economy," the Fed's policy committee said in a statement after a regular two-day meeting.

A decision to raise rates again would depend on incoming economic data, the Fed said.

The stopping of the long-running monetary stimulus program, known as quantitative easing, was largely expected. The central bank had already tapered its monthly bond purchases from $85 billion (66.5 billion euros) to $15 billion as the economy gradually recovered from the 2007-2009 recession.

The committee's statement also no longer referred to slack in the labor market as "significant," but instead said that it was "gradually diminishing," underscoring faith that the unemployment rate would continue to fall. In September, that rate fell to a six-year low of 5.9 percent.

But the Fed did acknowledge that some factors, such as lower energy prices, were weighing down inflation and keeping it below the central bank's 2 percent target.

"The Committee judges that the likelihood of inflation running persistently below 2 percent has diminished somewhat since early this year," the statement said.

cjc/uhe (Reuters, AP)

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Traders made hundreds of millions off of leaked Fed decisions

RT.com, May 15, 2014

Traders work on the floor of the New York Stock Exchange (AFP Photo/
Stan Honda)

Researchers in Singapore say millions of dollars in profit was generated illegally by traders in the United States who took advantage of privileged Federal Reserve policy decisions disclosed to them before becoming publicly available.

According to that study, “robust evidence” exists suggesting that traders who knew in advance about Fed rate announcements traded during an embargo period, unlawfully benefiting by cutting those deals at the most opportune moment possible and in turn pocketing upwards of $256 million during a 16-year span.

Price movements between September 1997 and June 2013 noted by the researchers were “statistically significant and in the direction of the subsequent policy surprise,” Gennaro Bernile, Jianfeng Hu and Yuehua Tang wrote in their paper published out of Singapore Management University and first reported on Tuesday this week by BusinessWeek journalist Peter Coy.

Those buying and selling orders, Coy wrote, occurred mere minutes before Fed announcements were made official, but after members of the media were provided with details.

In October 2013, the Fed changed the rules applying to that media blackout “to better protect the information against premature release,” central bank spokesman Joe Pavel told the Los Angeles Times. Prior to then, journalists were given details about Fed announcements 10 minutes in advance and were expected to respect an embargo that prohibited them from breaking the news until cleared.

Since October, however, journalists have been provided those details 20 minutes early — on condition that they stay in a lockup room where cell phones aren’t allowed and internet access is blocked off.

“We review our processes and controls on an ongoing basis and make adjustments as necessary to address any issues,” Pavel told the Times.

According to the SMU researchers, however, the Fed’s late-2013 decision may have come too little too late.

"Consistent with information leakage, we find robust evidence of informed trading during lockup periods ahead of the Federal Open Market Committee (FOMC) monetary policy announcements," they claim in the study, entitled "Can information be locked up? Informed trading before macro-news announcements."

“Back-of-the-envelope calculations indicate that the aggregate dollar profits … range between $14 [million] and $256 million across the four markets that we examine,” the report reads. The four markets include the E-mini S&P 500 futures contract, E-mini Nasdaq 100 futures, the SPDR S&P 500 ETF and the PowerShares QQQ ETF tracking the Nasdaq 100 index, CNBC reported.

"Our analysis informs the ongoing policy debate surrounding lockup practices by testing whether macro-news lockups are associated with informed trading, consistent with information leakage," the researchers wrote. "Our results raise serious questions about the appropriateness of FOMC policy announcements' embargoes, either because information may directly leak from the news media with pre-release access or from other FOMC insiders with incentives to mimic such behavior."