the Federal Reserve is hiding something from us what is it that they're hiding and why don't they want us to know [Music] it this chart is on the Federal Reserve website and it is the household all households in the United States the checkable deposits and currencies so it's the asset level and what you see here is a minimum back in 2007 of about uh $80 billion and then uh it jumps up after they started creating currency and the government would then send that to everybody in the form of checks and


assistance to businesses and stuff it peaked at almost 4 A5 trillion so from 80 billion to 4 and A5 trillion but it's been declining now this is from uh Q2 Q3 of 2022 to Q3 of 2023 and we should have the data um pretty soon now for Q4 of uh 2023 so it's been declining now for more than a year now we I went into this in quite a bit of depth in my book The Great gold and silver Rush of the 21st century and this is one of the online chapters there are two that you can get for free online this is chapter four the scene of the


crime give a man a gun and he can rob a bank but give a man a bank and he can rob the world and this chapter is broken up into several parts it's a long chapter it's the hardest chapter to get in the book The Hardest chapter to absorb and understand and it's online so that I can keep on tweaking it and rewriting it and making it easier and update the charts which is something I would like to do but I can't and I'm going to show you why in part six reverse Robin hoods uh I talk about the


Federal Reserve and this is the chart here and you'll notice the source is the Federal Reserve so it's their data it's uh the checkable deposits owned by the poor we said poorest 50% but the bottom 50% uh and it's gone up 27 26 times from 2007 uh to uh Q2 of 2022 and so um then and I'd like to update that but I can't and I'll show you why in a minute uh then I took that chart and I squeezed it way down so I could fit another line on it and here we have the original chart is this blue line and


here I've added the richest 1% on top of it and their wealth has gone up 111 times since then not their wealth their checkable deposits uh then I show the result of this as far as a share of checkable deposits owned by the top 10% the bottom 90% And what you see is since the introduction of Bernan conomics the new method of Economics that Ben banki sort of imposed on us you know the entire world basically uh with the global financial crisis of 2008 when that crisis uh started the bottom 90% so


if you take 10 people you've got nine people here one person there so if you take uh the bottom 90% nine out of every 10 per PE persons shared uh about 54% of all of the deposits between those nine people that has now dropped to 33% uh the top the one person out of every 10 owned uh about 50 about 46% of the deposits and that has now gone to 66% this person did not steal it from these people what happened was beron omics is responsible for a fraud and a theft it snuck into your bank account


and into the assets that you own and it transferred that wealth from you to these people uh secretly without anybody seeing it you have to understand how currency is created and how quantitative easing Works to be able to see this so now let's go back to that first chart that I showed checkable deposits and currency and the asset level peaked in Q3 of 2022 and it's been falling ever since now this is made up of all of these different Aggregates so you've got the bottom 50% you've got the next 50%


from 50 to 90 and then you've got from 90 to 99 and so on uh and you'll notice it stops this stops in Q3 of uh 2023 we've we've aggregated all of those different wealth percentiles into this one chart now let's go and take a look at the federal reserve's current data for all of of the different Aggregates the the components of this and that is uh on this search on the federal reserve's website the percent of aggregate so it's the share of checkable deposits one top 1% bottom 50% top 0.1


50th to 90th and so on uh so here is the top 1% and one of the things you'll notice is that this is just a moonshot it is going up like crazy and it stops in q1 of 202 2 now the chart that has all of these aggregated together stops in Q3 of 2023 so you've got q1 of 2022 Q2 Q3 Q4 Q uh q1 of 2023 Q2 Q3 uh so they are now six quarters behind on reporting this uh they've they've ignored the last six updates why they have this data they're just not showing it to us for some reason but notice how this is a moonshot


well next this is the top 1% let's go down to the uh 90th to 99th percentile it's another moonshot but it's got a slightly different angle to it now this one instead of stopping in q1 stops in Q2 so they reported one more quarter but still that's five reports that they have suppressed they've missed them or suppressed them but it's five quarters that they're not uh revealing data that they have and then let's go down to the uh 50th to 9th percentile and what we see is another change in the uh


direction of this and uh so the the rate of acceleration was slowing down back in Q2 of 2022 now let's go to the bottom 50% and oh something new here this actually peaked in q1 of 2022 and by Q2 of 2022 it had actually fallen so for the bottom 50 you know Robert kosaki uh used to say that when it when it comes to you know if you're a poor it isn't how much you make that is what what is making you poor it's how you spend your currency he called it money I call it currency but it's how you spend your currency because


you know I've uh had employees and stuff the minute pay them they spend everything it is gone and that's just a poor person's mentality uh so uh Q2 of 2022 this was already descending and they've missed five reports now I think what is going on here the reason they're not showing they're not revealing all of this is because that top 1% and the top 10% they they continued to accelerate for quite some time and they may still be accelerating whereas the this bottom 50% and probably um uh you know there's


there's probably some reduction all the way to the uh bottom 90% but this bottom 50% it's probably close to being gone if not all gone now uh that means that the Federal Reserve inflation targets uh that they they're saying that inflation could slow down and sort of go away well inflation affects uh different SE different sectors of the economy there's the retail inflation at the grocery store and the gas pump and that might slow down but the inflation of certain assets will probably if the top


10% have Rising assets Rising checkable deposits still that's going to go somewhere someday and all they have to do is get scared and it suddenly goes into Safe Haven assets the bottom inflation will be very sensitive to what this bottom 50% the bottom 90% what they have if that's being depleted then inflation will slow down uh because they're not spending as much now do I have any data to support my uh conclusion that I my belief uh my uh proposal here that this bottom 50 that the FED is hiding this because the


bottom percentiles here are spending their currency and it's running out and so they won't have as much to spend well I've got some anecdotal evidence this is not solid evidence however uh credit card delinquencies on um the delinquency rate on credit card loans on banks not among the large the 100 largest uh is now at record highs for so for smaller Banks there is no time in history and this chart goes back to the beginning of 1991 that people have been as leveraged out on their credit cards so if these


are credit cards that are issued by the smaller Banks this is probably higher risk people that are that are represented by that bottom 50% so I I think that that is what's happening and that's the reason the Federal Reserve is not disclosing it so I want to remind you a little bit about Bernan economics he said B Bren banki said in June 2007 the subprime crisis will not affect the economy overall I just want to leave you with this truth that Ben banki the guy that uh created this system that steals


wealth from nine out of every 10 people and gives it to that one other person that was already super wealthy to begin with I just want to leave you with this thanks for watching