Deep State in Governance of USA

Dr. Sankarshan Acharya[1]
Founder, Pro-Prosperity.Com and Citizens for Development

February 17, 2017

To:      Honorable President Donald J Trump

Date:   February 17, 2017

Sub:     Deep State in Governance of USA

Mr. Donald J. Trump
Honorable President

Dear Mr. Trump,

NYT now admits through an "invited interpreter" that there is a DEEP STATE within the US establishment that is trying to destroy your presidency. See the NYT column in postscript. 

NYT has slyly suppressed the TRUTH about the mega latent operators [the true DEEP STATE] that control the establishment with a dogged mission for destruction of your presidency. 

[NYT and Washington Post did not publish my research-based warnings submitted to them in March 2003 about an impending financial disaster looming in the horizon of USA.[1].  When the elite academy and media did not publish such profoundly significant warnings, I had to send it to the US Congress at the same time [1] and then wrote to the US Congress and President Bush in 2005 [2], and to regulatory agencies including Treasury thereafter.]

This TRUTH is exactly what I have discovered since my tenure (1990-95) at the Board of Governors of the Federal Reserve System, Washington, D.C.  It is moral hazard (blackmailing) by the DEEP STATE in USA comprising (a) the Fed and (b) the mega bank holding companies protected/privileged by:

1. The Federal Reserve Act of 1913, which prints money or jigs the interest rate (upwards/downwards) only for the mega banks to replenish their capital every time these banks lose their capital while trading against the unprivileged enterprising wealth creators.[3,4]

2. The FDIC Act (created under Glass Steagall Act of 1933), which makes publicly/federally insured deposits of unprivileged enterprising wealth creators available to the privileged mega banks to wage highly levered riskless bets against the asset holdings of the enterprising wealth creators to usurp the wealth of the latter with impunity. [Mr. Eric Holder has stated that the Robber Barons are too-big-to-be-jailed.]

3. The Act of 2000 which repealed Glass Steagall Act provision separating commercial banking and investment banking; this led to bankruptcy of most enterprising wealth creators in 2001 and 2008 market crashes. [Mr. John McCain publicly stated to reinstate the Glass-Steagall Act in 2008 and lost.  Mr. Obama was silent about such reinstatement with his advisers like Larry Summers publicly staring that the repeal of Glass-Stegall Act did not cause the 2008 crisis.  It is a miracle (not surprising to me) that you won despite advocating the Glass-Steagall Act.  I can see how the DEEP STATE is worried about you executing all your election promises!]

4. Dodd-Frank Act of 2010 which made the mega banks systematically important (to keep robbing the enterprising wealth creators systemically, I.e., with acts, rules and policies of the government protecting the mega robbers).[5]

5. The Housing Economic Recovery Act of 2008 that permitted the mega banks to rob with impunity the private equity of Fannie and Freddie (by taking F-F under conservatorship) as well as an additional $188 billion from Treasury. That mega banks committed mortgage fraud of gargantuan proportions (which financially eviscerated home equity of most home owners) is obvious from the fact that these banks agreed to pay $100's of billions in fine to Treasury to settle Justice Department cases against them for such fraud.  That Fannie and Freddie saved the mega robber barons, and that the robber barons and elite academic-media pundits of systemic robbery, not F-F, caused the 2008 financial crisis is obvious not only in the 2011 report of the Financial Crisis Inquiry Commission but also by the fact that F-F have (even after systemic loot of their equity) have paid the Treasury $255 billion in lieu of the $188 billion forced on their throats as loans for give-away to mega systemic robbers.  That the DEEP STATE and the embedded academic-media punditry has relentlessly tried to hide this profoundly important TRUTH is obvious from the fact revealed recently by Obama Administration policy papers designed deliberately (like the F-F Net Worth Sweep of 2012) to shut down Fannie and Freddie to further rob enterprising wealth creators with usuriously high interest rates on the loot aggrandized by the Robber Barons and behind-the-scene politicians and media-academic pundits of systemic robbery.[6] 

I see DEEP STATE has already permeated your presidency as badly as in the previous administrations to make sure that you do not repeal the above acts, rules and policies that have TRULY dragged, enervated and eviscerated the enterprising wealth creators in USA.  America CANNOT be made Great Again without a thorough repeal of the above acts and many more that subsidize and privilege indolent usurpers of enterprising wealth creators.  The fear that you will fulfill your election promises, e.g., to reinstate the Glass-Steagall Act, has unnerved the DEEP STATE so badly that it banks on even the Piccadilly (which you should prudently avoid) in your press conferences to undo your presidency. 

Yours truly,

Dr. Sankarshan Acharya
Director, Academy of Unanimously Agreeable Philosophy and Governance
(Sarbagrahya Darshan and Shasan Academy)