Top Hillary Clinton donor and Facebook co-founder Dustin Moskovitz is funding a left-wing campaign to keep interest rates low and “diversify” the Federal Reserve to help undeserving racial minorities.
The Wall Street Journal reports:
Fed Up’s funding comes primarily from the Open Philanthropy Project, which provides grants and funds to projects on justice reform, immigration and economics. Open Philanthropy committed $1 million toward Fed Up’s 2016 budget. In 2015 Open Philanthropy donated $750,000 toward Fed Up’s $1.1 million annual budget. Dustin Moskovitz, a Facebook co-founder who left that firm in 2008, is one of the primary sources of Open Philanthropy’s funds.
Moskovitz co-founded Facebook with Mark Zuckerberg, whose website censored conservative sources and unfairly promoted violent left-wing causes like #BlackLivesMatter until its editorial team was exposed by researchers at WeSearchr and replaced with an algorithm, according to The Daily Caller.
— WeSearchr (@wesearchr) August 31, 2016
On September 8th, Dustin Moskovitz published a piece on Medium explaining his decision to donate $20 million to “the Democratic Party, and Hillary Clinton in particular.”
I just published “Compelled to Act” https://t.co/O55CV174eo We’re committing $20M to help Democrats in the 2016 election.
— Dustin Moskovitz (@moskov) September 9, 2016
The Wall Street Journal has reported before on the Fed Up campaign’s attempts to “diversify” the Federal Reserve:
[The Fed Up campaign] on Monday named a slate of candidates it would like to see placed on the boards overseeing the regional Federal Reserve banks, saying these people would promote diversity at the central bank and de-emphasize the influence bankers have on policy makers.
The slate of candidates is in large part aimed at addressing what the left-leaning Center for Popular Democracy’s Fed Up campaign sees as a lack of minority and female representation in the leadership ranks of top central bank officialdom.
The campaign is led by lawyer Ady Barkan. Barkan and Moskovitz’s campaign intends to “diversify” the Federal Reserve and keep interest rates low specifically to help and employ minorities.
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The Wall Street Journal noted that the Fed Up campaign “gained a notable amount of high-level access.”
Members met with Federal Reserve chairwoman Janet Yellen as well as all 12 regional Federal Reserve bank presidents. They “met regularly with lawmakers and their staff on Capitol Hill.”
The Fed Up campaign seems to be having an abnormal amount of influence, according to the WSJ:
“It’s kind of monumental to get the Fed to change,” said Sarah Binder, a senior fellow at the Brookings Institution, noting the creation last year of an advisory council at the Fed focused on the concerns of low-income communities.
Monumental change? High-level access? Are you thinking what we’re thinking?
Could top Hillary Clinton donor Dustin Moskovitz’s influence be behind the Fed Up campaign’s success? We all already know Hillary and the Clinton Foundation are all about “pay-to-play.”
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