 From: Dr. Sankarshan Acharya
Sep 25, 2019, 1:42 AM (1 day ago)
To: President Donald J. Trump
Cc: All Global Leaders and Citizens
Dear President Trump:
The real reason for your impeachment is brutal surreptitious undermining of mega corruption in the US economy, fueling the Modern Liberal World Order,[1] as a result the following Unanimously Agreeable and Constitutional rules of Governance:
1. Pressure on Federal Reserve to cut interest rate to zero, from my widely circulated and unrefuted research based on general equilibrium of the economy,[2] accentuated by your public demand for Fed to act on it.
2. Potential regulatory clamp down on lending of public funds (taxpayer insured deposits and Fed’s printed funds) to private hedge funds, surreptitiously by banks and broker-dealers, due to my 2016 research based on general equilibrium of the economy, which proved that such funding is unconstitutional, unanimously disagreeable, economically inefficient, unstable and detrimental for civilized coexistence.[3]
3. Potential regulatory demand on Mega Shorts (clearing house members and their privileged private hedge funds) to cover their short positions in Treasuries and other securities, consistent with my published research on unconstitutionality and economic inefficiency of short-selling by Mega Shorts with unfair privilege over market making and clearing.[4]
The Modern World Liberal Order is primarily funded by Mega Shorts through undisclosed hedge funds, legal political contributions, chaired professorships in finance and economics, and book grants and prizes. The Fed, instead of regulating, addictively works at the behest of Mega Shorts. For example, as the Fed lowered its interest rate to zero after the 2008 financial catastrophe, Mega Shorts borrowed heavily, pushed up security prices (due to their control over Market Making and Clearing) and sold securities short while unprivileged Mutual Funds, Pension Plans, individual investors and unprivileged short-sellers were buying or covering. Once the asset prices peaked, embedded elite media and academy spread fake punditry to urge the Fed to contain the bubble in the financial markets. The Fed then became hawkish and markets plunged in December 2018. I had warned you that Mr. Jeremy Powell too would act at the behest of Mega Shorts, not We the People, as soon as I learned about you considering him for the top Fed job. You thought about firing him during the market plunge, though he acted exactly as presaged by the diktats of Mega Shorts, not for We the People. Now you want him to change course. He has changed course, but reluctantly due to tacit pressure from Mega Shorts.
In any case, the above three UACG policies have squeezed the unconstitutional power of the Fed of taking the side of Mega Shorts. How? Mega Shorts last week started crying through opinions of anointed academic pundits spouting (fake news) in embedded media like WSJ, Bloomberg, NYT, FT, etc., to urge the Fed to print unlimited billions of dollars ($200 billion already injected last week) to contain the rising Repo rate of interest. Repo rate is a low rate of interest (almost equal to Fed funds rate) available primarily to privileged private hedge funds of Mega Shorts and of embedded allies, together comprising the Modern Liberal World Order. The privileged private hedge funds have grown unseemly by privatizing profits and socializing losses, which is possible due to unfair and unconstitutional control of market making and clearing and unfair access to taxpayer/public funds (insured deposits and Fed funds) at cheapest rates.
Why was impeachment announced today, though your demand that Ukraine investigate potential corruption of Mr. Joe Biden’s son and whistleblower’s complaint pertained to a period August 12 through September 12, 2019?[5]
My only rational answer to this question is circulation of my email to you yesterday, entitled, “Why is the Federal Reserve eager to print money for privileged private hedge funds to contain the Repo rate, but not cut the Fed funding rate for all?”
Credible evidence privy to me shows that my memos and cited general equilibrium research are correctly circulating fast (sometimes virally), suggesting as if vested interests are panicking about UACG policies reforming the deep established state (comprising the Fed, Treasury, SEC, FHFA, Courts, Academy, etc.) and disemboweling the financial vitals of Modern Liberal World Order. Today’s announcement of “impeachment” is a testament of this panic. More importantly, it seems to be a harbinger of your guaranteed win in 2020 if you continue to (and I think you will) stay on the above three policies to root out mega surreptitious corruption in the US economy.
With profound regards,
Dr. Sankarshan Acharya
Director, Academy of Rational Philosophy for Unanimously Agreeable and Constitutional Governance
http://pro-prosperity.com/About.html
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[1] http://pro-prosperity.com/End-of-Liberal-Order.pdf
[2] http://pro-prosperity.com/Research/Coalition%20of%20Borrowers.pdf
[3] http://pro-prosperity.com/Public%20Financing%20of%20Private%20Hedge%20Funds%20is%20Unanimously%20Disagreeable.pdf
[4] http://pro-prosperity.com/Research/Sub-Optimality%20of%20Short%20Selling.pdf
[5] https://en.wikipedia.org/wiki/Trump–Ukraine_controversy
Why is the Federal Reserve eager to print money for privileged private hedge funds to contain the Repo rate, but not cut the Fed funding rate for all?
From: Dr. Sankarshan Acharya |
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To: Honorable President of the United States of America
Cc: All Global Leaders and Government Agency Heads and We the People
Dear President Trump:
I read news last week that the Fed has printed new money equal to $200B to contain the rise of Repo rate, which is the interest rate in the biggest hidden pawn market of the world. Repo rate is paid by Hedge Fund clients of banks and broker-dealers by giving collateral including U.S. Treasuries and other securities.
Prime media - controlled by unconstitutionally and unfairly privileged Robber Barons and their cohorts in Academy and Government Establishment - has spun opinions (that you correctly call fake news) of anointed pundits to present to (make fools of) We the People that something serious is happening in the Repo market and Fed should do something permanent - give unlimited costless new funds created by the Fed -- to resolve the crisis.
The Fed is engaged in TWO serious unfair and unconstitutional acts:
1. My published research (in Journal of Governance and Regulation) proves that public lending to private hedge funds - using insured deposits, Treasury funds or printed Fed funds - is economically inefficient, unconstitutional, unanimously disagreeable and detrimental to civilized coexistence (stability).[1] This research shows that Fed's propping of Repo borrowers (done indirectly/surreptitiously through banks) is economically inefficient, unconstitutional, unanimously disagreeable and detrimental to civilized coexistence.
2. My research in a model comprising BOTH coalitions of lenders and borrowers shows that a zero central bank rate with the Central bank creating no new money attains in general equilibrium of the economy, which is efficient, constitutional, unanimously agreeable and stable (for civilized coexistence, mandated in the constitution).[2] The anointed academic pundits do not even review this paper, because the only existing research (theirs) based on ONLY coalitions of lenders (banks), stipulates an interest rate to be dictated by a coalition of banks (the Fed) without any consideration of borrowers in general equilibrium. The established research eschews a cardinal principle of economics - equilibrium between suppliers and demanders of capital sets the price of capital or interest rate - in their POSITIVE theories/dogmas to prop the current unconstitutional and unanimously disagreeable system of robbery of enterprising producers to benefit the Robber Barons and their cohorts in academy and government.
My theories based on general equilibrium of the economy are NORMATIVE. They are rationally refutable. But they have remained unrefuted so far, as the anointed pundits of the Academy seem too scared to even review them.
The most fundamental aspect of a constitutional democracy is that lawmakers elected by voters constitutionally have no constitutional authority to enact unconstitutional rules of law or to create a deep state (such as Fed, SEC, FHFA, CFPB, Treasury, etc.) to enact unconstitutional rules of law, which also are economically inefficient, unstable for society and unfair for all.[3]
With profound regards,
Dr. Sankarshan Acharya
Director, Academy of Rational Philosophy for Unanimously Agreeable and Constitutional Governance
Dr. Sankarshan Acharya
Director, Academy of Rational Philosophy for Unanimously Agreeable and Constitutional Governance
http://pro-prosperity.com/About.html
PS: The Trump Administration’s plan and en bank ruling of the U.S. 5th Circuit Court of Appeals are very consistent with my April 2013 academic theory on the necessity of a government-guaranteed-regulated mortgage lender. The paper on this theory is available at http://pro-prosperity.com/Research/Coalition%20of%20Borrowers.pdf
It is very surprising that academic journals have declined to even review my seminal academic paper which is founded on unbiased axioms and on general equilibrium of the economy, and which is going to drive American policy now.
My theory is, of course, antithetic to prevailing theories which are not founded on general equilibrium, which are based on unfair axioms (dogmas) published in the same academic journals (that have refused to review my paper) by anointed economic pundits, and which have unfortunately formed the basis of policy discourse in Congress so far. |
