Wednesday, May 4, 2011

The Myths About the Fed and Banking - Truth or Not


There's a little Mom and Pop restaurant in our town.  My grandchildren love it!  They dash to their favorite red vinyl booth decked out on one side with barrel chairs that must be from the 50's.  The owners always come over and chat and the waitresses know what the kids are going to order before they look at the menu.  And the menu!  You name it...It's there!  Good, homemade fare at a resonable price.

Another characteristic unique in hometown American cafes is the chatter among the patrons.  Someone always strikes up a conversation with you.  Your fellow diner might turn to you and comment on a news story airing on the old TV mounted at ceiling height in one corner.  Other times everyone might start chattering about the local football teams or hometown politics.   But, the last time we were there, an old codger sitting by himself on the other side of the see-through shelving dividing the center booths just blurted out something about seeing President Obama's birth certificate.  Giggles erupted from around the room.  Evidently, the concensus was, "Do they (the Republicans) think we're stupid, and, "How dare they waste so much valuable time debating insignificant crap when we (America) has real problems?"  The old codger nodded his head in agreement, then added, "Yeah...Like the Fed.  Now that'll scare the hell out a yah...Why don't them boys in Washington do somethin' about them folks?"

Evidently, the Federal Reserve Bank basically orchestrates everything that goes on in this country from wars, the Depression, our Presidents, fiscal policy, the mortgage meltdown, Wall Street and 9/11...Well, the list went on and on.  The room listened in awed silence as this non-descript, tussle-haired old man casually related fact, after fact about the Fed between sips of his coffee.  Occassionally, someone asked a question, but the silence was amazing.  He obviously had everyone's attention.  Personally, I was enthralled as his story unfolded and a little disturbed by what he was saying.  If his demeanor had been different, conspiracy nut would have come to mind.  But, he could have cared less what anyone thought.  He reminded me of some of my college professors citing mundane facts coming up on an exam. It was as though, we were all privy to his innermost thoughts.  I decided to do some research after going home and the scarey facts I discovered raised  goosebumps on every inch of my body...

FACT:  During Woodrow Wilson's term in office, the Congress passed the Federal Reserve Act in 1913 which outsourced the control of our monetary system to a privately owned bank called the Federal Reserve.  This central bank is broken down into twelve (12) regions across the United States. They are named after the city where they are located:  Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco (a)

Because I am not an expert in money matters, I decided to let some very knowledgeable individuals present my case starting with Thomas Jefferson who fought against the evils of a central bank even then.  Please listen to their warnings...

"I believe that banking institutions are more dangerous to our liberties than standing armies.  Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." Thomas Jefferson, U.S. President. (b) 

"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States"Sen. Barry Goldwater (Rep. AR) (b) 

"The financial system has been turned over to the Federal Reserve Board. That Board as ministers the finance system by authority of  a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money...This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill...From now on, depressions will be scientifically created..."Charles A. Lindbergh, Sr. (b) 

"Whoever controls the volume of money in any country is absolute master of all industry and commerce." - President James A. Garfield (1831-1881)  (h)

"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits."SIR JOSIAH STAMP, (President of the Bank of England in the 1920's, the second richest man in Britain) (b)

"The U.S. government does not issue U.S. currency - the Federal Reserve does. The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers.  If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.  It belongs to the Federal Reserve.  The U.S. government cannot simply go out and create new money whenever it wants under our current system.  Instead, it must get it from the Federal Reserve.  So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.  The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).  So that is how the U.S. government gets more green pieces of paper called "U.S. dollars" to put into circulation. But by doing so, they get themselves into even more debt which they will owe even more interest on.   So every time the U.S. government does this, the national debt gets even bigger and the interest on that debt gets even bigger." (c)

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it (p15). The process by which banks create money is so simple that the mind is repelled." - John Kenneth Galbraith, Money: Whence it came, where it went - 1975, p29.  (h)

 "On June 4, 1963, a...Presidential decree, <executiveorder11110.htm>Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business...this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order...it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency - money - without going through the privately owned Federal Reserve Bank... "United States Notes" were issued as an interest-free and debt-free currency backed by silver reserves..."  However, "...just five months after Kennedy was assassinated, no more of the Series 1958 "Silver Certificates" were issued...and they were subsequently removed from circulation...Executive Order 11110 should have prevented the national debt from reaching its current level (virtually all of the nearly $9 trillion in federal debt has been created since 1963) if LBJ or any subsequent President were to enforce it.  Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve's control over the creation of money." (d)

"In the U.S. economy, roughly 220 million market transactions are made without cash daily, with a total dollar value of $1.6 trillion.2 (e) 

"Neither paper currency nor deposits have value as commodities, intrinsically, a 'dollar' bill is just a piece of paper. Deposits are merely book entries."Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975  (b)

"The Central Banks (which charge interest to governments for the money they produce from out of nothing, with no labour or wealth involved) have secured these loans against your future taxes. Without even asking you, a substantial part of your future worth has been put up as collateral. What Central Banks do in a big way with countries, your local bank will replicate on organisations and individuals, using the same slight of hand to produce the funds they lend out of thin air." - Alternative Trading Network article  (f)

"The modern banking system manufactures money out of nothing. The process is, perhaps, the most, astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint, and un-mint the modern ledger-entry currency". Major L. L. B. Angus  (h)

"In the present, privately created bank credit is legally convertible to government issued “fiat” currency, the dollars, loonies and pounds we habitually think of as money. Fiat currency is money created by government fiat, or decree, and legal tender laws declare that citizens must accept this fiat money as payment for debt or else the courts will not enforce the obligation." (g)

"The American economy has been sucked dry by the Federal Reserve System. Americans think they own property but the truth is the entire United States has been mortgaged to the bankers. The Rothschilds and Rockefellers become richer while the peoples of the world become poorer. The International Monetary Fund and the World Bank are also designed to loan money to developing nations with the understanding that they will never be able to repay so with every loan made to a country, it becomes their death knell. The entire world has been plunged into a debt economy which means 6 billion people are in debt to about 250 men."  Dr. Ken Matto, Former Congressional Candidate, 6th District N.J.  (g)

In Dr. Matto's article, The Federal Reserve: History of Lies, Thievery, and Deceit, he presents a history of very rich men contriving to increase their riches and power by gaining control of the monetary systems dating back as far as 625 B.C.  Since the 1700's, they seized control of a country or world's banking systems.  One name has been prominent when economies succumbed to these cartels...The Rothschilds.  Even today, according to this article, ten banks owned by this family are members of the Federal Reserve.  The family is secretive and their total wealth is virtually unknown.  If you doubt their true intents, listen to what some of them have had to say throughout history:

"I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain's money supply controls the British Empire, and I control the British money supply."   Baron Nathan Mayer Rothschild  (g)

"Those few who can understand the system (check book money and credit) will either be so interested in its profits, or so dependent on it favors, that there will be little opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear it burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests." - The Rothschild Brothers of London  (h)

"Give me control of a nation's money and I care not who makes it's laws"Mayer Amschel Bauer Rothschild (b)

Anytime the United States Government wants money FOR ANYTHING, we have to go to the Federal Reserve and BORROW IT.  The Treasury Bonds the Fed takes in exchange for this money are either sold or held as collateral by the bank, increasing our deficit.  They determine interest rates, limit the amount of money in circulation creating cycles of inflation and despair, and do all this with no audits.  The FED controls EVERY MONETARY POLICY IN THIS COUNTRY.  Although there are those who shout the naysayers criticizing our Central Bank are all conspiracy nuts (j), the value of the dollar has declined, our debt to the FED has risen and the owners of this conglomeration of banks have steadily gotten richer.  See the chart (k) at the beginning of this article.

Many men throughout our country's history have fought to keep a Central Bank out of the United States, but the rich coalitions never gave up their attempts until the Federal Reserve Act was passed by 3 Senators prior to leaving for the holidays in 1913.  Evidence weighs heavily against the Fed's involvement with other world banks causing the Depression, wars, skirmishes, government overthrows and any number of nasty situations where the men behind the banks saw opportunities to make wind-fall profits.  And the last point I would like to make is the overwhelming truth about the ever-widening gap between the ultra-wealthy and the poor.  The story of the Fed fits the profile in this travesty to a "T"...  

a:  http://www.federalreserve.gov/kids/#regional
b:  http://www.jesus-is-savior.com/Evils%20in%20Government/Federal%20Reserve%20Scam/quotes_on_the_federal_reserve.htm
c:  http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt
d:  http://www.rense.com/general76/jfkvs.htm
e:  http://www.richmondfed.org/publications/research/economic_quarterly/1998/spring/pdf/lacker.pdf
f:  http://www.seek2know.net/money.html
g:  http://webskeptic.wikidot.com/money-as-debt
h:  http://www.seek2know.net/money.html
i:  http://www.scionofzion.com/federalreserve.htm
j:  http://www.usagold.com/federalreserve.html
k:  http://hubpages.com/hub/US-Dollar-Purchasing-Power


   

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