themonasnovels Chapter 273: FRB (1)
Chapter 273: FRB (1)
Chapter 273: FRB (1)
—The Federal Reserve Bank is the actual ruler of the United States.
That’s what Prime Minister Felus told Young-Joon over the phone.
—The United States is the symbol of capitalism, and it’s the heart of finance. The Federal Reserve is the one that prints the dollar.
The dollar is a key currency, meaning that the dollar was the basis for payments and financial transactions between countries. This was possible because the U.S. had the largest gold reserves in the world, overwhelmingly developed and sophisticated financial markets, and very stable credit and prices. The power to print money was truly the royal seal of the capitalist era, capable of dictating markets.
But what most people, including Americans, didn’t realize is that the U.S. government doesn’t have the power to print money. The U.S. government doesn’t own a single share of stock in the Federal Reserve—it was one hundred percent a private bank.
And the majority of that private ownership was held by the big Wall Street banks, which were effectively controlled by the Lofair family. In other words, when the U.S. government needed dollars, it borrowed them by selling bonds to the Federal Reserve and paying interest, rather than producing them directly.
Of course, since the bonds were issued by the government, the debt and interest were paid off by the taxes of the people. This meant in order for the government to produce dollars, it had to collect taxes and pay them back to the Lofair family.
“What kind of system is that?” Young-Joon asked in disbelief.
In Korea, this would mean that the ‘S’ conglomerate owned the central bank, and the Korean government had to request and borrow from the ‘S’ conglomerate whenever it wanted to issue the won.
—And the Federal Reserve has been very unproductive for a long time. The most obvious example is the Great Depression. The Federal Reserve already anticipated the probability of a Great Depression as early as 1928. Any expert could see that the stock market was overly inflated.
Felus went on.
—If the Federal Reserve had manipulated the open market and bought government bonds at that time, interest rates would have fallen naturally, and the Great Depression could have been averted. If we abandoned the gold standard later, the vicious cycle of the depression wouldn’t have become so severe.
“...”
—It was more like the Federal Reserve abandoned its role as the lender of last resort. It took on no responsibility.
“Is this how non-majors feel when I talk about biology?”
“No, I’m sure you’re busy, but I’ll look it up on Wikipedia or listen to a lecture.”
—Anyway, to summarize, the Federal Reserve hasn’t been doing its job as a central bank since the Great Depression.
Felus went on.
—And the profits that the Federal Reserve was making went to the Lofair family and the Jewish community. I was fed up with that, and that’s why I left the financial sector.
“Then you went to Israel?” Young-Joon asked.
—Yes. The founding of Israel itself is the power of the Jewish community. They controlled all the world’s finances, and that’s why they were able to get the British to do things like the Balfour Declaration.
—I always felt like a sinner when I was in finance, but I thought it would be a penance to work here to build peace.
“... Thank you.”
—Doctor Ryu.
“Yes?”
—Don’t fight the Lofairs. You’d be better off getting rid of the Chinese president two times. The Lofair family are the oldest guards of power.
Felus warned Young-Joon. Alll latest novels at novelhall.com
—They’ve colluded with the media, corporations, and politics and built a very solid fortress around money. Their hands extend into the CIA, which is directly under the president, and they’re very good at assassinations, manipulating public opinion, economic pressure, and all kinds of sabotage. Multiple American presidents have fallen because they couldn’t overcome that family.
“Thank you for your advice,” Young-Joon said.
—Then...
“But I have a bigger power behind me. Don’t worry.”
Alphonse checked his email on his phone. It was from the chief operations officer at the CIA.
[Instructions confirmed.]
Alphonse was told that Isaiah Franklin, the most important witness, had a serious medical condition and didn’t have much time left. It wouldn’t be strange if she passed a few days earlier.
*
Ring!
As Young-Joon was gathering his thoughts while watching the festivities at the Nicaraguan medical center, an email popped up on his phone. It was from the secretary’s office at A-GenBio, who forwarded him a document from Harvard Medical School.
[Plasmid transport records from Professor George Thompson’s lab at Harvard Medical School.]
Young-Joon opened the file.
[1967: Three kinds of plasmids were donated for research purposes to Groom Lake Air Force Base located northeast of Siuna, Nicaragua.]
A plasmid was a circular piece of DNA with a specific gene inserted into it.
Young-Joon opened the data on the plasmid.
“This is a pretty big jackpot.”
Then, he smiled with satisfaction.
The plasmids were named “Helper DNA” and “pGT0818”, which were for virus production. A search for “pGT0818” on the Addgene website showed George Thompson’s lab as the creator, and this plasmid contained TALEN DNA.
The Lofair family was meticulous in erasing their records. They even removed any trace of transactions or royalty payments from Harvard’s administrative offices. It was a pretty complete destruction of evidence, but they didn’t take into account the handwritten notes in George Thompson’s private lab.
The Lofair family probably didn’t consider this, but professors often left notes. They did this because they could potentially plan collaborative research or take credit if someone used their DNA and obtained valuable data.
Normally, human experimentation at an air base would lead to an investigation of the victims and suspects, but Young-Joon was tracking them at the DNA level to begin with.
[Professor George Thompson has asked you to give a lecture at Harvard in exchange for the above material.]
Young-Joon chuckled after reading the entire email.
[Please tell him that I will schedule one later. Thank you.]
Young-Joon stood up after replying to the email. He had most of the cards now.
*
Robert was injecting something into Isaiah Franklin’s arm with a needle. It had to be done quickly, out of the sight of other agents.
“What is this?” Isaiah Franklin asked.
She was bruised and battered from a pretty grueling interrogation, but her eyes still had the fierceness of a wild dog.
“Doctor Ryu made this. He said it won’t cure you, but it’s a lot better than what you’ve been taking. It hasn’t gone through clinical trials or anything, but it’s not like you have another choice.”
“Hmph.”
“He went to Nicaragua, but he said he’ll cure you when he gets back.”
“What?”
Isaiah Franklin’s eyes widened.
“Doctor Ryu went to Nicaragua?”