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Racial Socialism and Overt Anti-Whiteness: Biden Administration Wants Racial Equity to Join Price Stability and Full Employment as Federal Reserve Priorities
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Price stability?

Full employment?

Noble goals of our central banking system known as the Federal Reserve, that wonderful creature from Jekyll Island.

But trying to improve our economy for families and the middle class are goals nowhere near as important as promoting racial socialism (i.e., legalized discrimination against white people).

The Biden Administration now is advocating the promotion of blackness as a third central bank priority for the Fed. [A Woke Mandate for the Federal Reserve: Biden endorses racial equity as a third central bank priority., Wall Street Journal, June 22, 2022]:

President Biden recently promised in these pages not to interfere with the Federal Reserve. Yet last week he endorsed a House bill that would add racial equity to the Fed’s dual mandate of price stability and full employment. How does the White House square this contradiction?

The House bill passed last week 215-207 with little media notice. But it deserves attention because it reveals how the Biden Administration and Democrats plan to politicize monetary policy and financial regulation.

Recall that Candidate Biden advocated making reducing racial disparities a third monetary mandate. You have to wonder if one reason the Fed was slow to tighten policy was because the central bankers agreed with him. Several Federal Open Market Committee (FOMC) members promoted the goal of “inclusive” employment even as inflation began to creep up.

Now House Democrats want to codify racial equity as part of the Fed’s mandate. Their bill would require the Board of Governors and FOMC to “exercise all duties and functions in a manner that fosters the elimination of disparities across racial and ethnic groups with respect to employment, income, wealth, and access to affordable credit.”

The bill directs the Fed to include race in monetary policy, the operation of payment systems, and the supervision of banks and non-banks deemed by the Financial Stability Oversight Council to be systemically important.

Central bankers have a hard enough time balancing full employment with stable prices. Adding a racial equity mandate could cause their models to go catawampus. How small would the black-white unemployment gap have to be, and how high would prices have to climb, before the Fed considers raising interest rates?

The pandemic has been an informal experiment in this triple mandate. It hasn’t worked out for minorities. The Fed’s accommodative policies have driven up asset prices, mainly benefiting relatively well-to-do people who own homes and stock. Now a recession may be in the offing, which would compound the harm inflation has done to minorities.

Requiring the Fed to incorporate race into bank (and potentially non-bank) supervision would likewise contradict its duty to protect financial stability. Would the Fed reduce the capital that banks must hold against loans to minorities? Would banks be graded based on the number of loans they make to minority businesses?

Easing underwriting standards to boost minority credit and homeownership could cause defaults and foreclosures to spike in a recession, as happened during the last financial crisis. Democrats would then accuse banks of predatory lending.

ORDER IT NOW

Most banks are trying to increase lending to minority communities, yet the bill would require financial regulators to rate banks on diversity and inclusion. Minority-owned banks would be exempt from these exams and automatically get the highest rating. The bill also instructs federal agencies to move deposits to minority-owned banks.

Such racial favoritism almost certainly violates the Constitution. So potentially does the bill’s requirement that public companies disclose to the Securities and Exchange Commission the racial, gender identity and sexual orientation of directors and executives.

Administrations don’t have to take a position on every bill, so the Biden team’s decision to support this one is revealing. Yet the White House statement glossed over almost all of the bill’s substance. The bill would ensure that all Americans “benefit fully from our Nation’s economic success,” the White House says.

The bill would instead politicize monetary policy and financial regulation when the Fed’s focus should be slaying inflation while avoiding a recession. House Democrats who voted for the bill deserve to be called out for supporting racial favoritism and undermining Fed independence. As for the President, the progressive agenda is apparently a higher priority than controlling inflation.

Until enough people call our system what it is, anti-white, this type of horror will continue unabated. Because guess what: white people have rights too, and if people don’t rise off their knees and advocate for them, racial equity will supplant price controls and full employment as the primary objective of the Fed, damn the consequences.

 
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  1. Equity is giving people what they’ve earned.

    People stupid enough to spend everything they make on nails, weaves, rims and Hennessy need to be forced to either (a) repay the \$10,000/capita/yr they cost us, or (b) exit this country never to return.

    • Agree: AR in Illinois
    • LOL: Unit472
    • Replies: @Bite Moi
  2. Trevor says:

    the Biden Administration and Democrats plan to politicize monetary policy and financial regulation.

    Obama and Biden want to “fundamentally transform” America into an authoritarian communist black supremacy like South Africa, with white people at the bottom.

    Soros will short the \$USD at its peak before the crash and make billions. He and his accomplices (including Obama, Zuckerberg, etc.) will effectively own the Federal Reserve and issue the new CBIDC (digital currency) and thereby control the money and financial system.

    Zuckerberg will run the new Chinese – style social credit system that will be implenented to surveil and control white people.

    Gates will own most of the farmland after the “great reset” and thereby control the food supply.

    Obama will be HNIC in the New World Order. America will be just another mediocre country or “economic zone” among many in the “One World Government”. That and the Chinese Superpower will be the major global entities.

    The traitor puppet Biden, having served its purpose, will be replaced by Harris who will likely name Stacey Abrams as her VP.

    Those are just a few of the things that will occur to accomplish the goals mentioned –

    …. promoting racial socialism (i.e., legalized discrimination against white people).

    The Biden Administration now is advocating the promotion of blackness.

    • Thanks: loren
  3. The Democratic Party wants the Native Born White Working Class to chattel slaves…..I hope NFL Tyrone Ball was worth it….

    The White Guys in Arrowhead Stadium this fall don’t see it coming…but it’s coming….

    And it’s Capitalist Pig Class that has benn pushing America in this direction for decades….

    • Replies: @Curmudgeon
  4. Unit472 says:

    The Democrats are good at assembling their members to support symbolic nonsense like this but they needed every vote they had to pass this final bit of negro groveling. Next year they won’t have 215 votes. They’ll have their election proof 45 House Monkey Caucus votes and maybe 100 other scattered votes from liberal bastions that survive the midterms.

    I happen to believe that the 2020 election was fraudulent and the Dems didn’t even win a legitimate House majority but two years of Biden and Pelosi running the government has made America sick of the negro problem and government cannot solve what is a genetic problem. Worse, with the global economy falling apart Central Banks are out of ammo its becoming an ”Every Man for Himself World” world out there. Countries are scrambling to secure energy supplies and harden their supply chains. COP 26 fun and games are over. Coal, if you can get it, is back so, as a practical matter, why doesn’t Biden ask his buddies at the Miners union to recruit every strutting young buck they can find who wants a good paying job that doesn’t require a lot of brain power to become a coal or lithium miner. It will take a minimum of 5 years to turn Trayvontius into an airline pilot if it can be done at all and they won’t be flying the big wide bodies from New York to LA if and when they do get their pilot certification. Dubuque to Kansas City in a regional airliner is where novice pilots start.

    The Democrats demonstrate their utter cluelessness for things economic with these harebrained schemes. Banks don’t make their money making car loans anymore. That’s credit union stuff. The big money is made trading derivatives in mind numbingly complex operations involving carry trades in foreign currencies to eke out a few basis points with a billion dollars at risk. Not the kind of work the negro is known to excel at which is why negroes don’t manage big banks.

  5. While we’re at it, let’s consider making the Fed responsible for warmer winters and cooler summers to reduce the nation’s energy usage which has obvious economic impacts.

  6. I want my neuro privilege

  7. usNthem says:

    “The bill would insure that all Americans benefit fully from our nation’s economic success, the White House says.” LOL. Around 40% of those supposed “Americans” need to be driven out. One can pretty much see this nation’s economic success fast disappearing in the rear view mirror. The turd “leadership” of this (former) country are obviously bound and determined to drive a black stake through its heart. The future is so dark, we’re gonna to have to wear night vision goggles…

  8. HT says:

    For 60 years whites have paid for blacks to exist in America through all the various welfare programs that were created because of black poverty which was the result of blacks being unable to assimilate into the country due to lack of intelligence. Yet our rulers keep telling us whites are still responsible for what blacks want. Whites are basically indentured servants of blacks with the federal government as the enforcement arm.

    • Agree: Lancelot_Link
    • Replies: @loren
  9. Tom Clark says:

    South Africa went through this same process, so did
    the Russian people before WW2.

    Equity has nothing to do with…it’s just another communist strategy
    to subjugate the world into a kosher utopia.

    • LOL: loren
  10. Dr. Rock says:

    The hilarious element of this story, if one can see the hilarity (past the blinding rage), is that it won’t HELP anyone.
    It will just cause more problems, and further screw-up, already screwed-up institutions, as they conflate totally unrelated priorities.
    The Fed can’t help minorities with monetary policy!
    You might as well ask NASA to improve the lives of minorities by making it a focus of the space program. What are they gonna do? Paint a pride flag on the side of a satellite?
    “Yes”, I know, someone will say that “NASA, or the Fed, could hire a bunch of minorities”, and sure, they COULD do that, and while it might give a scant number of minorities some high paying jobs that they don’t deserve, and better their lives as individuals, it will eventually ‘kill the golden goose’ that employs them.
    And the Fed?
    Let’s not have any illusions, they can’t even manage their existing mandates effectively, they’re a story of incompetence and failure, repeated over and over.
    In fact, like all ham-fisted central control initiatives, it will inevitably cause a bunch of worse problems, which will be entertaining.

    Besides, the US dollar is going to collapse soon, so this is just virtue-signaling window dressing, no better than re-arranging the deck chairs on the Titanic.

    Good luck minorities, with the Feds help, you’ll be lucky to survive.

  11. Realist says:

    The anti-White bullshit is an effort to destroy the fabric of this country…to tear it down…so we can Build Back Better.

  12. @War for Blair Mountain

    If there is going to be racial equity, doesn’t that mean the White Guys in Arrowhead Stadium are going to see more overpaid millionaire White players?
    The Capitalist Pig Class is alive and well, occupying every (((Western country))).

    So you see, my dear Coningsby, that the world is governed by very different personages from what is imagined by those who are not behind the scenes.

    https://www.victorianlondon.org/etexts/disraeli/coningsby-0038.shtml

  13. Rich says:

    The dems are so scared that one Negro won’t vote for them, they give them any nonsensical thing they ask for. Forcing “equity” on the economy is utopian communism. Unachievable. And it will further sabotage an already decaying economy. They are insane.

  14. loren says:
    @HT

    Intelligence or lack of desire to work? work the system instead.

    gotta luv msn news>
    CBSDFW.COM” >(CBSDFW.COM) – A capital murder suspect from Dallas is on the loose Wednesday after he was released from jail and cut off his electronic leg monitor within hours.

    It’s led to an urgent fugitive search and raises more questions about the state of our criminal justice system that some people say is too lenient on violent offenders.

    A man believed [passive vox journaism] to be involved in the killing of a Dallas restaurant owner has been awaiting trial for nearly three years.

    Last week, he was released from jail after he had his bond lowered to just \$1,000 and was fitted with an ankle monitor.

    Within hours, he got it off and remains on the run.

    Court documents obtained by CBS 11 News reveal that James William Moore [a dread locked person of color]
    is accused of “…acting as a ‘good eye’ and then becoming the get-a-way driver…” during the September 2019 robbery murder at Cafe Delicious on South Lamar in Dallas.

    Restaurant Owner Brian Harp Sr. was shot and killed while shielding one of his employees after a group of four men with a gun entered and opened fire.

    “I feel really bad about it because he was a friend of mine,” said Glen Larremore, a friend of the victim. “I consider him a friend. If I felt like he deserve better than that.”

    Larremore knew the victim and was relieved to see arrests made.

    • Replies: @HT
  15. Bite Moi says:
    @Mr. Rational

    Mr. Rational———-There was a company sponsored drive at the last small company my wife worked out to “help” a black female supervisor. She was out for surgery,and had no PTO and no savings.The worker bees were supposed to pay her mortgage,utilities,food etc, for 3 months. Now bear in mind,that Mz. Supervisor made 20K more than the worker bees. She had no PTO because every time she got 10 hours saved up she needed a mental health day. She had no savings because she ate at a restaurant during her 1 hour lunch break. She also drove a new BMW,fancy weaves,acrylic nails over an inch long,and wore only the best brands. My wife,and the other workers, were raked over the coals by management when the total contributions were just under 60 bucks. After the tongue lashing,my wife asked for her dollar back.

  16. loren says:

    and Progressive severed their partnerships with an insurance company in Millinocket, Maine, after the company posted a racist sign in its window on Juneteenth, causing outrage in the local community.

    Juneteenth, which is celebrated on June 19 of every year, is a commemoration of the end of slavery in the U.S. It was made a federal holiday only last year by President Joe Biden.

    The Harry E. Reed Insurance Agency didn’t seem happy to take the day off in honor of the holiday, however. A sign posted on the window of the agency in Maine was quickly condemned for being racist, as it read: “Juneteenth. It’s whatever…We’re closed. Enjoy your fried chicken and collard greens.”

    Pictures of the sign were shared on social media, including by a user who goes by the name Geo1976rge, who also called out both Allstate and Progressive for their partnerships with Harry E Reed Insurance.

    “And, is that an @Allstate logo on the bottom right? Bet they also do @Progressive. Is this the type of hatred you want posted right next to your company

    • LOL: Bite Moi, WSG
  17. Thomasina says:
    @Dr. Rock

    “The Fed can’t help minorities with monetary policy!”

    Helping minorities is NOT the objective. They’re just useful pawns.

  18. USGrant says:

    One ethnic group of “whites” has a special chosen privilege. They are also THE group that has concocted CRT and affirmative action aka legalized discrimination against whites but not them.

  19. HT says:
    @loren

    Yeah but I was referring to the period prior to the LBJ welfare programs. Blacks had to have some form of work to survive then. Sure the welfare system resulted in blacks choosing welfare over gainful employment but before that they didn’t have much choice.

  20. @loren

    There is no law that you must close your business for government holidays. Having to watch your ass is much easier when you remain guarded on things. And, of course, the home state of Stephen King up in the land of Bernie Sanders have the most white areas filled with yankee abolitionist stock. So the racism there is almost purely white-on-white.

  21. I knew a kid who died from this. And no, he didn’t catch it from a c○×k in the a\$\$ compadre.

    https://www.insider.com/meningococcal-disease-meningitis-outbreak-florida-2022-6?amp

    Sam Crowe, an epidemiologist with the CDC who’s been working the on outbreak told Insider it’s “frankly, pretty scary” and that “many of the cases are actually younger men” who “were healthy adults.” Some had HIV, which is a known risk factor for meningococcal disease. “These people were hospitalized and underwent pretty intensive care,” he said. 

    The agency is hoping to get the word out to all men who have sex with men in Florida to get vaccinated with the MenACWY vaccine as soon as they can.

  22. @loren

    Go to any hood/food desert and one of the few businesses that actually make money in the area besides weave shops & bodegas, will be a greasy restaurant selling fried chicken and collard greens.

    Pattern recognition is racist.

  23. Piglet says:

    OT: An orc father and a bean bandit mother tried to light their baby on fire. Just when you think you’ve seen and heard it all, they do something like this.

    Notice the look of the mother in the mug shot. She looks like she’s pissed off because she wasn’t able to complete the task.

    Parents charged with attempted murder, accused of trying to light baby on fire
    https://thenationaldesk.com/news/americas-news-now/parents-charged-with-attempted-murder-accused-of-trying-to-light-baby-on-fire-jamie-avery-lisbeth-collado-waterloo-west-palm-beach-florida-flammable-arson-assault-seneca-county-sheriffs-office-new-york

    • Replies: @Lancelot_Link
    , @WSG
  24. Piglet says:
    @loren

    The perp looks like a Southeast Asian but her name doesn’t match. Adopted? The victim’s first name is typically Hawaiian.

    • Replies: @loren
  25. @loren

    Well, you know that amongst Asians they say the Filipinos have the most “soulful” singing voices!

  26. @Piglet

    So between the two of these nitwits they can’t even cook ghetto lobster?

    • LOL: Piglet, Bite Moi, WSG
  27. Bite Moi says:

    Lancelot_Link————-“So between the two of these nitwits they can’t even cook ghetto lobster?” Might be harder than it looks. Two local orc couples,2 black men,1 black woman,and 1 mud shark, were recently arrested for “Manufacture of methamphetimine”. I think this was a set up. I saw the mug shots,and i don’t think they could manufacture a casserole.

    • LOL: loren
    • Replies: @Lancelot_Link
  28. WSG says:
    @Piglet

    Bean bandit??!! HA HA HA!!! Well played, sir.

    • Replies: @Piglet
  29. Piglet says:
    @WSG

    I first heard the term “bean bandit” in Army basic training in early 1975. The 4th Platoon in my company was largely made up of Puerto Ricans who spoke little, if any, English, which made me wonder how they understood any of the training they were receiving. (This was in the early days of the Volunteer Army and the Army was hard pressed to fill its ranks.) On Saturdays they’d go off to English language classes and their platoon’s drill sergeant would gather them together by saying, “Alright, gimme all of my bean bandits!” He looked like a younger version of Archie Bunker which may have been appropriate. I can remember it like it was yesterday.

    There were whites and blacks spread throughout the other three platoons but there were no similar comments regarding orcs and honkies. We were all getting our butts kicked and just trying to make it through each day. Racial animosity would surface later at one’s unit after training.

  30. @Bite Moi

    Come on now, living in food deserts will do that to ya! What do you wanna bet the mudshark was the one cook that didn’t spoil the brew? 🙂

    • Replies: @Bite Moi
  31. Bite Moi says:
    @Lancelot_Link

    Lancelot_Link———-Based on the mug shot,the mud shark belonged with the other 3. Same dead eyes.She couldn’t even manage crazy eyes.

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