Friday, October 1, 2010
The FED and Money- An Explanation for Dummies Part 3
This is part 1 of a 5 part clip from Zeitgeist. Note that it only has 3 million views. In America, that would amount to 1% of our population.
Thomas Jefferson hated the idea of a central bank run by private bankers. Jefferson was a polymath. A genius in many respects and in many pursuits. He knew that private bankers would become very powerful and ultimately own and enslave America.
President Andrew "Old Hickory" Jackson eliminated one version of the central bank. He is the only President to eliminate the debt. He also detested the electoral college. Lots to like about Jackson.
Lincoln was offered a 36% interest loan by international bankers for financing the civil war. Lincoln refused and promptly began issuing the "greenback." A fiat currency that worked just fine throughout the war and long after he was killed.
All in all, we as a country managed to turn back several attempts of international bankers to control our currency. In 1913, Woodrow Wilson changed all of that. He signed over the rights to print our currency and thus control the quantity of our money by that abomination called the Federal Reserve Bank. The Federal Reserve bank is no more owned by this country than Federal Express is. It is a private corporation with private stockholders. It is a for profit business and and it's arms (member banks) are highly leveraged- for profit businesses.
President Kennedy had every intention of eliminating the FED in the early 60's and his intentions were well telegraphed. We all know how that turned out.
We cannot audit the Fed because we don't own or control it. It has no known reserves despite it's name which implies that it does. In fact the whole name of this bank is designed to deceive. Who owns the Fed? A giant conglomeration of banks and bankers. Privately owned.
http://www.thirdworldtraveler.com/Banks/Web_Of_Debt.html
You'll note that I never use the Federal Reserve's website. They try and convince you that Congress has "oversight." That they work on behalf of government. Try reading those pages and you will want to eat your brain. No wonder the FED is such a mystery. They work very hard at confusing and misleading people. It works.
What kind of an idiot borrows his own money and pays interest to someone else? Nobody that I know of- but that is precisely what your government does when it pays interest to the FED. Interest by the way- that is paid for by you.
How much money does the FED make? The FED and it's supporters try to minimize that figure as much as possible. They will claim that they only make 6% and refund a portion each year. That is complete and utter bullshit.
The FED supplies money at virtually no cost to it's members banks, it's stockholders. In enormous amounts. For the last two years, they've been buying treasuries at virtually no cost to them and you are paying those member banks interest on the corresponding bonds. In a matter of weeks, the FED will surpass Japan and China as the biggest owner of US debt. In fact the FED has been selling debt in excess of what is needed to actually fund our deficit. The FED also charges us interest on the amount of money they have to hold in reserve- which further clouds the picture.
What pitched the world into collapse in 1929? Margin. The banks allowed any Tom, Dick, or Harry to take out loans to buy stock at a ratio of 10 to one. With a one thousand dollar deposit, you could buy 10,000 bucks worth of stock. People absolutely flooded the market with margin loans, buying stock with money that did not exist. And quietly, the bankers snuck out near the top. And then they started making margin calls as the market collapsed- forcing people to cover their outstanding margin loans within 24 hours. All that theoretical money disappeared. It never existed in the first place. The US money supply deflated for the following 4 years.
Banks used easy money and margin to sell every idiot that could fill out an application in America a home. These crappy loans were sold to Fannie Mae and Freddie Mac. The losses are staggering. At least 6 trillion. You are picking up the bill. The FED sells debt to finance the interest on those losses.
How much money does the FED make on it's Permanent Open Market Operations or POMO? Buying member banks treasuries freeing up their capital for other purchases? Inflating the stock market?
Leveraging non existent money is a major concern. This is precisely what the FED and it's member banks do through the use of fractional banking. They are allowed to loan at least nine times what they have in actual deposits. That's the minimum. How about the FED? Who knows? When you run yourself with no threat of an audit...who knows? Those loans create money. Debt. That is precisely why it is difficult to assess just how much money the FED and it's members make at your expense.
At the end of the day, it gets real simple. They are robbing us blind. We need facts.
In fact, the AUDIT the FED bill is trying to do precisely that. It's hard to figure out what any entity makes without an audit. And you can damn sure bet it's a helluva lot more than the FED wants to disclose. That's why we haven't been able to audit the bank for 97 years. They don't want you to know. Like everything else they do- they practice deception right down to their name and the gibberish on their website.
The FED and Money- An Explanation for Dummies Part 2
It's not really necessary to give you an entire history of money. If you would like an excellent albeit long account, I am going to suggest the "Secret of Oz." This is an excellent movie that details that history. See it here: http://www.swarmusa.com/vb4/entry.php/58-Bill-Still-%E2%80%93-The-Secret-of-Oz
Accumulating money is the human story of greed. From it's inception, men have coveted the safety, luxury, and power of money or wealth. That is the common denominator that runs through the history of money, indeed the history of man. The practice of "banking" arose as a direct result of men loaning someone else's wealth. A practice that enabled bankers and money changers to obtain wealth without producing anything. Of greed.
I had a friend once describe the situation perfectly. He asked, "Is everyone trying to make the greatest amount of money with the least amount of work?" How could I deny that? I suppose on some micro and individual scale I could. On a general basis, I could not.
Bankers found a way to do precisely that. They loan something they don't even own to begin with. At interest. Something given to them for safekeeping. They soon noticed that once someone had placed that source of wealth with them, rarely did they come back and retrieve it. Thus they saw the opportunity to exploit the situation. They loaned those deposits. They charged "interest" for loans. They created money to exchange. And in so doing, they created money out of thin air. The principal loaned had to be re-paid with interest.
So human greed is the basis of banking. Those who "loan" the money or the wealth of others and the people who "borrow" money from others- hoping to make money beyond the cost of interest on that "loan". Truly, it is that simple. Greedy bankers are just middlemen.
Has that practice changed over the centuries? No. In fact, today's events, the economic collapse of the entire planet- is a direct result of greed and that practice. What has brought about this current economic collapse was leveraging "money" in an attempt to create vast amounts of wealth. Greed gone wild. I want to tell you a secret. Our latest boom was engineered. The world's bankers, the FED, knew precisely how it would end. They increased the money supply dramatically just as they did in the roaring 20's. It was done- on purpose. We'll talk about why a little later on.
That billions of people accept this banking practice as true and thus real- is a real head scratcher.
You have to remember a couple of things. The history of men and money is very new. A couple of thousand years is hardly an eternity. People have been trading labor and valuable items as "money" since the beginning. It has worked in some way until the introduction of banking and most importantly, "interest." That was where the whole thing went awry. But we bought into a belief system that said there was no other way. This way was convenient. The bankers desperately want you to believe that. Because if they can make you believe that- it is true.
The Revolutionary War was about money. Money is power and control. You can take away power and control if you take away somebody's money supply. This in fact is precisely what we did when we left England and it also why we had that Revolutionary War. The King saw the great potential and wealth in America. He wanted his slice. He lost his ability to exert power over our wealth. He sent the stamp act. He sent armies and we sent bullets.
Now if you don't take away anything else here, please understand three things. Never forget them.
It is ALWAYS the SUPPLY of money that runs this planet, that causes booms and busts. That is the tool they use to control us and extract our wealth.
Money is a DEBT instrument. Money only exists as debt. The entire system collapses when no new money can be created because nobody is taking out loans at interest. That's the world we are in today. The bankers game is almost over.
And most importantly, the elite bankers and people making gobs of money from you- can only do so as long as you remain a DUMMY. They don't want you to know there is an alternative because if you knew that, the bankers couldn't pillage all of us dummies. That is precisely why Hank Paulson was able to steal one trillion dollars from us while our government facilitated it- we just watched in awe. We engaged in debates. That we let the FED and government do that is when we lost control of our country. The blogs I wrote back then still exist. I found myself in so many arguments that I finally had to give it up.
Here's the sick part. The FED knew exactly what they were doing. Bankers know money. And they issued debt and created money like there was no tomorrow. And that greed has always caused the collapse of banks, recessions, and depressions. They got rich. And to this day, not one of those bastards has seen the inside of a criminal court room or been charged with fraud.
As long as you are a DUMMY somebody out there will prey on you. That's how the system works. We call exploiting the uneducated by the educated- business. That's a shame because we have lost integrity, honesty, and trust. If we could find a way to sell ice to eskimos, or life insurance to the deceased- trust me when I tell you that some unscrupulous and greedy bastard would. And he'd find a way to make it legal and call it "business."
Accumulating money is the human story of greed. From it's inception, men have coveted the safety, luxury, and power of money or wealth. That is the common denominator that runs through the history of money, indeed the history of man. The practice of "banking" arose as a direct result of men loaning someone else's wealth. A practice that enabled bankers and money changers to obtain wealth without producing anything. Of greed.
I had a friend once describe the situation perfectly. He asked, "Is everyone trying to make the greatest amount of money with the least amount of work?" How could I deny that? I suppose on some micro and individual scale I could. On a general basis, I could not.
Bankers found a way to do precisely that. They loan something they don't even own to begin with. At interest. Something given to them for safekeeping. They soon noticed that once someone had placed that source of wealth with them, rarely did they come back and retrieve it. Thus they saw the opportunity to exploit the situation. They loaned those deposits. They charged "interest" for loans. They created money to exchange. And in so doing, they created money out of thin air. The principal loaned had to be re-paid with interest.
So human greed is the basis of banking. Those who "loan" the money or the wealth of others and the people who "borrow" money from others- hoping to make money beyond the cost of interest on that "loan". Truly, it is that simple. Greedy bankers are just middlemen.
Has that practice changed over the centuries? No. In fact, today's events, the economic collapse of the entire planet- is a direct result of greed and that practice. What has brought about this current economic collapse was leveraging "money" in an attempt to create vast amounts of wealth. Greed gone wild. I want to tell you a secret. Our latest boom was engineered. The world's bankers, the FED, knew precisely how it would end. They increased the money supply dramatically just as they did in the roaring 20's. It was done- on purpose. We'll talk about why a little later on.
That billions of people accept this banking practice as true and thus real- is a real head scratcher.
You have to remember a couple of things. The history of men and money is very new. A couple of thousand years is hardly an eternity. People have been trading labor and valuable items as "money" since the beginning. It has worked in some way until the introduction of banking and most importantly, "interest." That was where the whole thing went awry. But we bought into a belief system that said there was no other way. This way was convenient. The bankers desperately want you to believe that. Because if they can make you believe that- it is true.
The Revolutionary War was about money. Money is power and control. You can take away power and control if you take away somebody's money supply. This in fact is precisely what we did when we left England and it also why we had that Revolutionary War. The King saw the great potential and wealth in America. He wanted his slice. He lost his ability to exert power over our wealth. He sent the stamp act. He sent armies and we sent bullets.
Now if you don't take away anything else here, please understand three things. Never forget them.
It is ALWAYS the SUPPLY of money that runs this planet, that causes booms and busts. That is the tool they use to control us and extract our wealth.
Money is a DEBT instrument. Money only exists as debt. The entire system collapses when no new money can be created because nobody is taking out loans at interest. That's the world we are in today. The bankers game is almost over.
And most importantly, the elite bankers and people making gobs of money from you- can only do so as long as you remain a DUMMY. They don't want you to know there is an alternative because if you knew that, the bankers couldn't pillage all of us dummies. That is precisely why Hank Paulson was able to steal one trillion dollars from us while our government facilitated it- we just watched in awe. We engaged in debates. That we let the FED and government do that is when we lost control of our country. The blogs I wrote back then still exist. I found myself in so many arguments that I finally had to give it up.
Here's the sick part. The FED knew exactly what they were doing. Bankers know money. And they issued debt and created money like there was no tomorrow. And that greed has always caused the collapse of banks, recessions, and depressions. They got rich. And to this day, not one of those bastards has seen the inside of a criminal court room or been charged with fraud.
As long as you are a DUMMY somebody out there will prey on you. That's how the system works. We call exploiting the uneducated by the educated- business. That's a shame because we have lost integrity, honesty, and trust. If we could find a way to sell ice to eskimos, or life insurance to the deceased- trust me when I tell you that some unscrupulous and greedy bastard would. And he'd find a way to make it legal and call it "business."
The FED and Money- An Explanation for Dummies
I am a dummy. Chances are, you are too. If you can accept that premise without a lot of angst, chances are we are going to get some place.
For the record, I am a retired Police Chief with a degree in law enforcement. That hardly qualifies me as a financial expert or an economist. I want to state this up front because that is the white elephant in this room. I have traded stocks and options most of my adult life. I schooled myself, which is to say, I read and studied a lot- I had some success and some failures.
In 2008, I watched an extraordinary event. I watched in amazement as the former CEO of Goldman Sachs and then Treasury Secretary, Hank Paulson, literally stole 1 trillion taxpayer dollars in a matter of days and delivered it in the form of bailouts to private banks and an insurer, American International Group.
I am going to keep this simple. Paulson and the government broke the law. Rather than let these banks fail, and put them into receivership as the law requires, Paulson and the government actually delivered our money to save them. I believed, and still do, that what I witnessed was the greatest grand theft that has ever occurred in the history of our planet.
What they will tell you was that the trillion dollar bailout was absolutely necessary to keep the world from collapsing.
What I am going to tell you is that explanation is complete and utter nonsense. Bullshit. Nobody offered nor did anyone ask for alternatives. The whole thing was done in a matter of days- executed with precision just before President Obama arrived and just before Paulson's departure.
I was writing on my home town blog at the time. I wanted the banks to fail. In fact I had shorted a couple of banks and Countrywide for a time. I found myself in countless arguments with people. I discovered two things. I didn't know jack shit about money and the FED nor did any of the people I was arguing with. All I remember back then was everybody was angry and frustrated and nobody really knew enough about money or the FED to realize just what the hell had just happened. Even the brokers and mortgage originators I spoke with knew very little outside their fields of expertise.
What happened in the fall of 2008, was that I realized that this whole country had either been duped or was just stupid. Granted I wasn't in a Harvard frat house but how could all of the people I knew, plumbers, cops and teachers, lawyers, mortgage bankers, brokers, and doctors all be so clueless about our money and the FED? A few of them knew a little, most did not. Were we all that stupid? Perhaps.
I came to believe that people don't understand anything about the FED and money and quite frankly- the topic bores them. You cannot possibly hope to evoke any kind of united effort to change the most unnecessary and morally corrupt system ever conceived if the people you need for support are all not reading from the same sheet of music. Arguing about things, less than certain, was fracturing any hope of establishing a concentrated effort to identify the villain and cure the problem.
My willingness to work at this does not have a damn thing to do with any love for economics. It has to do with getting ripped off and plunged into debt. That pisses me off. Thus began my two year self styled history, economics, and politics obsession. To a lesser degree, some theory, finance, statistics, and graph reading. To say I spent a few thousand hours on line and in libraries would be accurate albeit a little wasteful. Uncovering what I needed to know should not have taken all that time.
An old time cop once told me, "Son, we are just cops. We don't know everything. But it's our job to find those who do." No shit. That's how this two year mess started.
So I am going to try and explain our "money" system and the FED in a simple way that will not bore you to death. I am going to embed and list references. I am going to keep my opinions to a minimum and hopefully produce something that you will easily understand in terms that will not baffle you. I am not going to waste time talking about economists Keynes, Hayek, or Von Mises. I invite anyone reading to offer criticism with any available references. Hopefully I can do this all in three or four parts. I should tell you that there is good news and good news.
The world really is on the verge of economic collapse. That imminent collapse is why we need to educate ourselves. Necessity really is the mother of invention and I see that as a good thing. The other good news- there is an easy solution to avoid economic collapse. The bankers just don't want you to know what that is. There's no power or money in it for them.
For the record, I am a retired Police Chief with a degree in law enforcement. That hardly qualifies me as a financial expert or an economist. I want to state this up front because that is the white elephant in this room. I have traded stocks and options most of my adult life. I schooled myself, which is to say, I read and studied a lot- I had some success and some failures.
In 2008, I watched an extraordinary event. I watched in amazement as the former CEO of Goldman Sachs and then Treasury Secretary, Hank Paulson, literally stole 1 trillion taxpayer dollars in a matter of days and delivered it in the form of bailouts to private banks and an insurer, American International Group.
I am going to keep this simple. Paulson and the government broke the law. Rather than let these banks fail, and put them into receivership as the law requires, Paulson and the government actually delivered our money to save them. I believed, and still do, that what I witnessed was the greatest grand theft that has ever occurred in the history of our planet.
What they will tell you was that the trillion dollar bailout was absolutely necessary to keep the world from collapsing.
What I am going to tell you is that explanation is complete and utter nonsense. Bullshit. Nobody offered nor did anyone ask for alternatives. The whole thing was done in a matter of days- executed with precision just before President Obama arrived and just before Paulson's departure.
I was writing on my home town blog at the time. I wanted the banks to fail. In fact I had shorted a couple of banks and Countrywide for a time. I found myself in countless arguments with people. I discovered two things. I didn't know jack shit about money and the FED nor did any of the people I was arguing with. All I remember back then was everybody was angry and frustrated and nobody really knew enough about money or the FED to realize just what the hell had just happened. Even the brokers and mortgage originators I spoke with knew very little outside their fields of expertise.
What happened in the fall of 2008, was that I realized that this whole country had either been duped or was just stupid. Granted I wasn't in a Harvard frat house but how could all of the people I knew, plumbers, cops and teachers, lawyers, mortgage bankers, brokers, and doctors all be so clueless about our money and the FED? A few of them knew a little, most did not. Were we all that stupid? Perhaps.
I came to believe that people don't understand anything about the FED and money and quite frankly- the topic bores them. You cannot possibly hope to evoke any kind of united effort to change the most unnecessary and morally corrupt system ever conceived if the people you need for support are all not reading from the same sheet of music. Arguing about things, less than certain, was fracturing any hope of establishing a concentrated effort to identify the villain and cure the problem.
My willingness to work at this does not have a damn thing to do with any love for economics. It has to do with getting ripped off and plunged into debt. That pisses me off. Thus began my two year self styled history, economics, and politics obsession. To a lesser degree, some theory, finance, statistics, and graph reading. To say I spent a few thousand hours on line and in libraries would be accurate albeit a little wasteful. Uncovering what I needed to know should not have taken all that time.
An old time cop once told me, "Son, we are just cops. We don't know everything. But it's our job to find those who do." No shit. That's how this two year mess started.
So I am going to try and explain our "money" system and the FED in a simple way that will not bore you to death. I am going to embed and list references. I am going to keep my opinions to a minimum and hopefully produce something that you will easily understand in terms that will not baffle you. I am not going to waste time talking about economists Keynes, Hayek, or Von Mises. I invite anyone reading to offer criticism with any available references. Hopefully I can do this all in three or four parts. I should tell you that there is good news and good news.
The world really is on the verge of economic collapse. That imminent collapse is why we need to educate ourselves. Necessity really is the mother of invention and I see that as a good thing. The other good news- there is an easy solution to avoid economic collapse. The bankers just don't want you to know what that is. There's no power or money in it for them.
Wednesday, September 29, 2010
Dead Man Talking
There may be a sliver of hope left. I'd like to tell you about a blue collar kid that had balls. A real life investigative reporter. A guy that sued the FED. A guy who died way too young but is still winning.
I didn't know who Mark Pittman was until today. Read about him here.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afp8OC.OvRnI
Let's hope somebody with some cajones picks up this information and carries it through. I've snipped a piece of the ZeroHedge article below. If you want to read the whole thing, it is here: http://www.zerohedge.com/article/mark-pittman-wins-fed-disclose-emergency-lending-details-december-1
Submitted by Tyler Durden on 09/29/2010 13:49 -0700
I didn't know who Mark Pittman was until today. Read about him here.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afp8OC.OvRnI
Let's hope somebody with some cajones picks up this information and carries it through. I've snipped a piece of the ZeroHedge article below. If you want to read the whole thing, it is here: http://www.zerohedge.com/article/mark-pittman-wins-fed-disclose-emergency-lending-details-december-1
Mark Pittman Wins: Fed To Disclose Emergency Lending Details By December 1
Mark Pittman's last valiant effort to bring some transparency to the most destructive organization in the history of mankind has succeeded. According to testimony to be delivered to the House tomorrow, "under a framework established by the act, the Federal Reserve will, by December 1, provide detailed information regarding individual transactions conducted across a range of credit and liquidity programs over the period from December 1, 2007, to July 20, 2010. This information will include the names of counterparties, the date and dollar value of individual transactions, the terms of repayment, and other relevant information. On an ongoing basis, subject to lags specified by the Congress to protect the efficacy of the programs, the Federal Reserve also will routinely provide information regarding the identities of counterparties, amounts financed or purchased and collateral pledged for transactions under the discount window, open market operations, and emergency lending facilities." Luckily this action by Bernanke will prevent the rioting that would have followed an appeal to the Supreme court, which would have certainly sided with the secretive group of Keynesian priests. If nothing else, the plethora of data will keep the blogosphere preoccupied for days upon days, rummaging through millions of pages of explicit corruption.
Tuesday, September 28, 2010
Did Legalizing Drugs in Portugal Work?
By just about all measuring sticks, yes.
One of the most difficult Libertarian party tenets to overcome, the one where fear mongering rules, is the legalization of drugs.
There are dark and fearful forces behind the legalization of drugs. They never rely on facts because you see, they don't have any. I liken the great debate about drugs to prohibition. I don't care so much that alcohol is legal, that's not where the information is. Where the real information resides- is just what happened in America when alcohol was illegal? Just what was so bad- that it forced this country to over turn an amendment and make alcohol legal again?
What happened was capitulation. You simply cannot outlaw something that a significant number of people are going to do- law or no law. It's like trying to outlaw oral sex. Millions of people are going to engage in oral sex (and most of us, not enough) whether you outlaw it or not. You can't enforce those silly types of laws whether you desperately want to or not. The pilgrims of the world are simply not in charge.
In the United States, we account for 5% of the world's population. Yet our prison population exceeds 25% of the incarcerated people of the world. We love to throw people in jail. We have entire industries- the private prison industry thrives- because we simply love to punish people. And make no mistake about it, well over half of those souls committed crimes directly related to alcohol and drug abuse.
If you want to kill yourself, you can. People that want to smoke, drink, or use drugs will find a way. Even if that means finding a friendly doctor. I accept that. And I also accept that the war on drugs has been an epic failure. No different than the war on alcohol was. I will spare you the list of advantages of waving the white flag. The Portugal experiment will enumerate those for you.
Libertarians principles are about freedom and liberty. Your right to live your life anyway you choose- whether we like it or not is irrelevant. We accept that.
So take a look at what happened in Portugal. Did the world come to an end? You decide.
http://www.time.com/time/health/article/0,8599,1893946,00.html
One of the most difficult Libertarian party tenets to overcome, the one where fear mongering rules, is the legalization of drugs.
There are dark and fearful forces behind the legalization of drugs. They never rely on facts because you see, they don't have any. I liken the great debate about drugs to prohibition. I don't care so much that alcohol is legal, that's not where the information is. Where the real information resides- is just what happened in America when alcohol was illegal? Just what was so bad- that it forced this country to over turn an amendment and make alcohol legal again?
What happened was capitulation. You simply cannot outlaw something that a significant number of people are going to do- law or no law. It's like trying to outlaw oral sex. Millions of people are going to engage in oral sex (and most of us, not enough) whether you outlaw it or not. You can't enforce those silly types of laws whether you desperately want to or not. The pilgrims of the world are simply not in charge.
In the United States, we account for 5% of the world's population. Yet our prison population exceeds 25% of the incarcerated people of the world. We love to throw people in jail. We have entire industries- the private prison industry thrives- because we simply love to punish people. And make no mistake about it, well over half of those souls committed crimes directly related to alcohol and drug abuse.
If you want to kill yourself, you can. People that want to smoke, drink, or use drugs will find a way. Even if that means finding a friendly doctor. I accept that. And I also accept that the war on drugs has been an epic failure. No different than the war on alcohol was. I will spare you the list of advantages of waving the white flag. The Portugal experiment will enumerate those for you.
Libertarians principles are about freedom and liberty. Your right to live your life anyway you choose- whether we like it or not is irrelevant. We accept that.
So take a look at what happened in Portugal. Did the world come to an end? You decide.
http://www.time.com/time/health/article/0,8599,1893946,00.html
Sunday, September 26, 2010
The 4th Branch of Government
If you were charged with getting your country back, just where would you start?
Mull that question over. Let me provide a hint.
The 4th branch of government was not elected nor voted on by the people. It survives to enslave it's citizens. It sells your work product, your labor, your future to anyone buying a treasury note. A promise that you will pay. And the 4th arm has no oversight. You can't audit it. It has no moral obligation to anything. The 4th arm of government greases the wheels of every war, pays for failed businesses like GM, AIG, and Fannie. It inflates the value of your savings out of existence. The 4th arm of government gives the elite the power they crave. It owns you and there is not a damn thing you can do about it- free men. You aren't free. You have an illusion of freedom. The FED is your master. And unlike you- the FED pays no taxes.
In fact, I can make a pretty good case that the FED is the biggest enemy of our state. That it will destroy our way of life and deliver us to collapse. They're doing it NOW. But don't take my word for it.
Please go back and read the last line of Wilson's quote. That's the guy that signed the FED into law. His statement is clearly remorseful. That's a guy who didn't understand what he did until it was over with. He got conned.
So what's our excuse for letting the unelected, unauthorized, and unaudited fourth branch of government to exist for nearly 100 years?
That's a great question. http://www.petitiononline.com/fedres/petition.html
More info here: http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=McFadden1932
Mull that question over. Let me provide a hint.
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
~ Woodrow Wilson
In 1913, President Wilson caved in to the desires of greedy men. A move resisted by all of the Presidents that preceded him. What Wilson did was unbelievable. With one stroke of a pen, he created the 4th branch of government.
The 4th branch of government was not elected nor voted on by the people. It survives to enslave it's citizens. It sells your work product, your labor, your future to anyone buying a treasury note. A promise that you will pay. And the 4th arm has no oversight. You can't audit it. It has no moral obligation to anything. The 4th arm of government greases the wheels of every war, pays for failed businesses like GM, AIG, and Fannie. It inflates the value of your savings out of existence. The 4th arm of government gives the elite the power they crave. It owns you and there is not a damn thing you can do about it- free men. You aren't free. You have an illusion of freedom. The FED is your master. And unlike you- the FED pays no taxes.
In fact, I can make a pretty good case that the FED is the biggest enemy of our state. That it will destroy our way of life and deliver us to collapse. They're doing it NOW. But don't take my word for it.
Please go back and read the last line of Wilson's quote. That's the guy that signed the FED into law. His statement is clearly remorseful. That's a guy who didn't understand what he did until it was over with. He got conned.
So what's our excuse for letting the unelected, unauthorized, and unaudited fourth branch of government to exist for nearly 100 years?
That's a great question. http://www.petitiononline.com/fedres/petition.html
More info here: http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=McFadden1932
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