patrick.net

https://rudy.substack.com/p/sauve-qui-peut

Cost of Living Is the Biggest Challenge Americans Face Note that every other category listed above is also affected by the cost of living, especially housing.

Meanwhile, the Fed actively sought to spike CPI, and now is seemingly satisfied that it has been well above their made-up 2% target for four and a half years.

Core PCE has now been above the Fed’s made-up “2% target” since April 2021, and above their actual mandate of “stable prices” since forever.

As Marc Faber said to Julia La Roche:

“Ordinary people are struggling, but ordinary people are never interviewed on CNBC, or on your program, or on Fox News. They have no voice, so the elite can tell the public, ‘Oh, the economy is doing well.’”

Under the Federal Reserve Act, the Fed is exempt from federal, state, and local taxation, except for real estate taxes.

This exemption applies to its income, capital stock, and surplus funds.

Nobody really know how much capital stock is or who are shareholders or how income distribution looks like.

https://rudy.substack.com/p/consumers-are-collapsing

Nomi Prins

“The Federal Reserve was created to help Wall Street…It wasn’t created to help individuals who couldn’t get their money out of banks in the panic of 1907 in New York City. It was for people like JP Morgan, who wanted to make sure that his literal friends who ran other banks and insurance companies had a source of help should another panic happen.”

https://rudy.substack.com/p/the-false-security-of-consensus

“This is the problem with central banks the world over: they are in the business of imposing prosperity through financial means, rather than by treating prosperity as a co-product of actual growth. Their intentions are the best but what they are doing is incalculable harm.”

Jim Grant, 2011

(Source: My notes from a now-deleted Bloomberg interview with Grant and Jim Rickards)

https://ground.news/article/former-fed-gov-kugler-violated-trading-rules-while-at-the-central-bank-ethics-report-found

Former Fed Gov. Kugler violated trading rules while at the central bank, ethics report found

Adriana Kugler resigned from the Federal Reserve after Jerome Powell denied her request for a waiver regarding her financial holdings that violated ethics rules, according to a Fed official.

Kugler faced an investigation by the Fed's internal watchdog concerning her financial disclosures before her resignation in August.

Kugler acknowledged that her spouse's purchases of Apple Inc. and Cava Group Inc. shares violated investment rules, stating, 'my spouse made the purchases without my knowledge.'

Kugler's resignation allowed President Donald Trump to appoint Stephen Miran to the Fed's board amidst his pressure for lower interest rates.

Not sure its the Rothschilds, but there does seem to be something there.

Fed Funds rate is 3.75% to 4% before today's 0.25% rate cut. 9 voted for this and 3 against which may mean the next rate cut may only get 7 or 8 votes if conditions remain the same.

Patrick says

How one man can decide how much interest taxpayers must pay monthly to Rothschild family for money they never really had.

>Rothschild family doesn't want to get reduced or null "real cash flow" from interest rate year after year so:

Average Margin Between Fed Funds Rate & Inflation?
Short answer:
Across modern U.S. monetary history (1954–2025), the average margin between the Fed funds rate and CPI inflation is roughly:

✅ ≈ +1 to +2 percentage points
Meaning:

Fed Funds Rate ≈ Inflation +1% to 2%
This is consistent with the Fed’s long‑run behavior: keeping real interest rates slightly positive.

Independent is a another, nicer way of saying "Unaccountable"

Imagine if your personal income was overseen by an independent board you could neither fire nor direct nor replace unless they resigned themselves.

https://rudy.substack.com/p/choosing-long-term-pain-over-crisis

Eventually, after some real critical thinking and common sense, we all realize it’s the banks vs. the people. Enabled by a government that actually hates you.

https://x.com/JSanchezTorron/status/2006707985679004066

A promissory note can function as currency as long as the debt is not repaid. This is the logic on which the Bank of England was founded, the first successful modern central bank. In 1694 a consortium of bankers made a loan of 1,200,000 pounds to the king. In return, they received the royal monopoly on the issuance of banknotes. In practice, this meant that they could issue promissory notes for a portion of the money the king owed them to any citizen of the kingdom who wanted to buy them, or deposit their money in the bank: in effect, circulating, or "monetizing" the newly created royal debt. This turned out to be quite a business for the bankers (they charged the king 8% annually on the original loan and charged simultaneous interest on the same money to the clients who borrowed it), but it only worked as long as the original loan was never canceled. To date, the loan has not been repaid. It will never be repaid. If it ever happened, the British monetary system would cease to exist.

David Graeber
'Debt: The First 5,000 Years'

Gold and Silver are just getting warmed up. India officially accepts silver to back real estate transactions. BRICS backing their currency play with gold and silver. China supplies 70% of worlds silver and all exports will now go through CCP. Silver does not have substitutes, so companies that rely on it must buy or die.

Will we be wiping our asses with federal debt notes before the end of 2026? Seems likely.