Why all the Controversy over the Federal Reserve?
Posted by StormCloudsGathering February 23, 2010
There is a growing movement of American citizens that are waking up to the real nature of the Federal Reserve and as a result are calling for its disbandment. Though the "End the Fed" movement is rapidly making its way into the mainstream thanks to people like Peter Schiff and Ron Paul who consistently speak out, there are still millions of people who are entirely unaware of what the Federal Reserve actually is, nor do they realize the true power it wields or why that power should be taken from it. This article is not intended to be an exhaustive study into the Fed, but rather a primer for the uninitiated. For those who want the full story about the Federal Reserve and the history of the central banking cartels should watch the documentary called "Money Masters" or "America Freedom to Fascism".
First and foremost, the Federal Reserve is a privately owned agency, it is not government. The word "Federal" is an intentional deception to make it seem official. If you don't believe me then I suggest you look it up. No where, not even on its own website, does the Federal Reserve claim to be owned by the US government. The Federal Reserve is about as federal as Federal Express.
The founders of the United States understood the dangers of private central banks which is why they specifically stated in the constitution that only the congress will have the power to coin money. This provision was not a simple administrative decision; they knew that it was a matter of life or death, or rather a question of liberty or slavery.
Consider the following quote:
The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. - Thomas Jefferson
And this quote:
Banking establishments are more dangerous than standing armies. - Thomas Jefferson
Clearly the founding fathers considered central bankers to be highly dangerous, but why? Even a cursory examination of how the Federal Reserve works should be enough to answer that question.
Did you know that the modern dollar is not backed by gold, silver or any other commodity? The US dollar is backed by nothing. It is paper, pure and simple. The Federal Reserve has no reserves!
Think about this for a second: The Federal Reserve, which is a privately owned organization, prints money out of thin air and then it loans that money to the United States government in return for bonds, which are essentially promissory notes. What's worse, is that this money that the Federal Reserve prints out of thin is paid back with interest. Where do you think the government gets the money to pay back that loan with its interest? You guessed it: From the American taxpayers. So even though that money was just paper when it was printed it is paid back with something very real: your labor!
The Federal Reserve has never been audited, ever! There have been numerous attempts (the most recent spearheaded by Ron Paul), but the Fed has fought fiercely to hide their books from the public. Makes you wonder what they're hiding doesn't it? Given the nature of their racket I'm pretty sure I know what you would find if they were ever audited. You would find that billions if not trillions of dollars had been siphoned off over the years to well connected individuals and organizations. Isn't the temptation obvious? Give a private organization to print money and shield them from independent audits and corruption is guaranteed.
Don't take my word for it. Do your own research. Once you're convinced spread the word. The Federal Reserve can only do what it does while the citizens of this country are shrouded in ignorance. Bring it into the sunlight and the roaches will scurry for cover.
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Quote"What is the motor of the world Mr. Hawkins? Our reserve currency is the motor of the world."
"want" and need are the motors of the world.
the dollar is only a tool used to get them.
greenspan is not a nice person. but he isnt anywhere near the top.
and the forbs lists of richest people dont even have the real rich in there list.
well i wouldnt call them real rich. i would call them neomonarchs
the rothschilds
the morgans
the rockafellers
the "unnamed" which are the real Kaisers
when i was young i though about the question "is it planned or is it coincidense"
even then i couldnt believe nothing was planned.
today i believe there is a great unknown(coincidense)
but everyday life is striken by the plans of a few at the top.
i dont believe there to be any news that some how "just happens" ;-)
Frak you
Bless you
Utube the Secret of oz or SOZ. Bstill has produced a new documentary after his great documentary Money masters International bankers.
it all seems to be heading in the same direction.
a one world currency.
destabilizing the strong currencies through central banks. making the poor countries want a stable currency.
you have to make the people beg, to really accept an idea ;-)
have you heard the news ;-)
just read that the Chines central bank has dropped the dollar:-)
all international transactions are to done in Yuan :-)))
Russia will be next
if enough oil exporters go along with the idea and trade in Yuan, well then america has sunk.
possible canditates:
russia(rubbel), the whole of south america, most of africa(yuan), Middle east (Yuan)
*Short rant start*
hope you enjoyed the cash for clunkers program ;-)
and keep buying that cheep crap from china ;-)which will now start getting reaaallllyyyy expensive
*short rant stop*
My 2 Cents
Organized Crime dosent like it when a Front is shut down, the Front is convenient and shutting it down is an inconvenience but its not a threat nor a big deal.
If the Fed is closed and the Organized Crime behind it (and systemic problems) is not clearly understood and undermined it will only make one symptom disappear for a while but will not fix the problem.
Canada nationalized the Bank of Canada in the 30s and prospered, which could issue the money interest free. But the population did not learn about the Fractional Reserve Banking Racket, and so ignoring the racket allowed criminals to perpetrate their racket in another way by having banker paid corrupt politicians simply borrow At Compound Interest money that could have been issued for infrastructure investment and then taken out of circulation as an alternative to payment. In addition, private banks still swindle people with Fractional Reserve Banking anyway, most of the money is NOT even Paper(fiat-bogeyman red-herring that gold-standard people are decoyed into focusing on) but bank-credit counted as if it were real money.
Your right about that 0% interest thing and in our constitution states 5% interest silver lending between provinces basically a responsible shared resource scheme, but now we don't use Bank of Canada for loans we borrow from international Bankers like I.M.F. (trying to convince us that it reduces inflation ) the int. to bond holders keeps the money valuble worth more to others selling coffee etc. as the money trickles down from the top it devalues the others in circulation so problem is in allowing to much bond sales appreciating too fast!
Look up Ontario becoming more unemployed by the minuite and have increased US bond holdings by 900% thats = to 900% devalue to our currency over time of bonds to mature 20 years but without a goods economy that will crush CAN dollar we may as well borrow from bank Oh CAN again otherwise the CAD / USD will compete as US bonds mature
CAN LOONIE around 1.02 for a year or so but the price of coffee and Oil will rise as bonds mature without GOODS to back up its value, its therfore valueless our economy is 2/3 service(LUXERY) of the 1/3 goods houseing is included which without jobs who wants to live here ?
Is it just me, or have I overlooked something. When people mention banks printing money out of thin air, they always seem to mention that the banks get interest / profit on the (no cost to them ) debt they have loaned. It seems to me that the TOTAL amount repaid is over and above what was borrowed. When you consider the loan from free air, remember the repayments are paid in real collateral, money gained from the sweat or fruits of labour, items made, sold or traded, these things are real. I accept that the fed prints and the smaller banks get their cut, but, the fed prints or adds one hundred thousand dollars to an account (money from nothing) and then gets back one hundred thousand dollars of something, and then the interest of another one hundred and fifty thousand dollars. They have given nothing and got back everything. What do you think. Bill...
can u spell extortion, daylight robbery or usury ;-)
u lend 100$
they want 5% interest
u pay back the 100$ but where do you get the 5$ interest from?! which you owe them?!?!?!?
the 5$ where never put into the system..
you now have to compete with someone else for 5$ of there money(on which they also have to pay 5% interest)
every day u leave a dollar on your account you are feeding the parasite
as madoff said the FED is the real ponzie scheme
i think every one should open a bank :-)
give bad loans to there neighbours and ask for a bail out :-)
Neither one of them are Governmental Institutions, yet the hold so much power over the American Public.
Years ago we made the decision to turn to an all cash life. We started paying off all the smallest debts (because they could be paid the fastest). Don't start with the largest interest rate, don't start with the largest balance, start with the smallest and here is why.
Lets say your monthly bills are as follows: (numbers here indicate balance owed)
JC Penny $50 ($2,000)
Car Loan $200 (10,000)
House Payment $1,000 ($150,000)
Credit Card $300 ($25,000)
So each month you pay out $1,500 in this example. Lets say your credit cards have the highest interest rates, but look at that balance, it will take longer to pay it off. Pay the JC Penny balance off first. Go without things you don't really need. Force yourself to purchase things with cash, don't forget, even if just a single dollar to hide money away for yourself.
Now when JC penny is paid off, you have an additional $50 each month to spend, put it on your car payment because that has the next lowest balance. When the car loan is paid off you now have an additional $250 to put towards your credit card debt. When the credit card debt is paid off, you now have an additional $550 each month to apply towards paying off your home.
Don't buy into no interest, promise yourself to go to a cash life. What we found when we did this was we didn't need so much income. We were spending everything we had to pay everything off as fast as possible----in doing so we learned to live without----and learned it was easy after the first year. The things we once thought were really important were not. We have lived an all cash life for over ten years now and I wouldn't have it any other way. There is great freedom in liberating yourself from these institutions. And best yet, we discovered we didn't need to work so much, I was able to quit my job to supplement our lives at home through chickens, gardens, rabbits and the likes in my very own urban home. Did you know rabbits are really tasty and if you know how to sew, people will pay tons of money for the items you sew from their pelts? And they are cheap to raise and make great gardens! (well the droppings). Believe it or not, it takes four pelts to make a really large pillow. That pillow sells for $75 here and I have more demand than I do supply. All it takes is about $2 worth of thread and the work of my hands. Not to mention its made from the "kitchen waste" from my supper.
The point is, you really want to liberate your life? Go to a cash life and get out of debt, you don't need to pay $18,000 per year to get that $500 dollar tax deduction from the interest on your home.
You want to liberate your mind, get out of debt and have more time to worry on important things, not how you are going to pay your bills.......it is amazing what happens when you liberate yourself of debt.
A little note here, I realized long ago the flaw with the banking system and was not about to PAY someone to HOLD my money for me, so I went to an all cash life. Yes, I have a safe in my home, yes it is located next to the gun safe and yes there are other guns around the house. But, our truck finally died. What I mean is it would cost far more to repair it AGAIN than to replace it, so we gave it to a local mechanical school for students to learn on.
After doing much research, we decided on a specific new truck. We went to our safe, pulled out the cash we needed to purchase it with, then went to the dealership to purchase it. Well, evidently when you go to an all cash life and you don't buy into the whole American Banking system, you become a criminal. What do I mean? Well, all I have to say is go down to a local car dealership, plunk down $46,000 in cash and see what happens.
What happened to us were the police showed up, my husband and I were arressted, our children placed into protective custody, our home was ransaked (which we were never reimbursed the cost to repair it), they tore out our carpet, the insulation in the attic and the drywall of our walls. They froze all of our assets, our small bank account used to pay bills electronically, our IRA, the ROTH accounts for the childrens education, everything.
The IRS was then called in to interrogate us from our jail cells. The IRS agent stated "No one has this kind of cash laying around unless they are involved in crime". For two years we fought through the legal bull, in the end they found nothing but a couple who simply kept enough money in the bank to pay the bills and cashed the rest out to secure themselves.
All I know is I will continue living a cash life, I will continue to store my cash in my home and secure it myself. But what I won't do is ever purchase another truck with cash to this one better damn well last till I die.
The best solution to the impasse is to declare Martial Law, which will remove the Oligarchy and return America to a true Democracy like it was when the Pioneers made decisions at a local level.
Don't listen to the so called Elite, that's the old System of a few Thinking for the rest of us.
Of course they will ridicule any notion that ordinary People can determine their own future, but that is how America started.
America today is not a Democracy it's a Republic, Remind you of a few countries EH?.
What a CON. Who or what organized this deception?
It's the same in all important institutions, consider the US Central Bank on how it was formed, and further your Knowledge by reading "Creature from Jekyll Island by G Edward Griffin"
The year was 1913 for the US Central Bank, and 1914 for a very prominent religious organization, in both cases the moment was recorded on the US Dollar Bill, in the image of the pyramid and it's EYE and words "I am well pleased with all your undertakings" and in god we trust. Which god are they referring to? The huge religious organization maintains That a god started to rule them and the World in 1914, the only god that started to rule the World (Leaving out The donation of Constantine in about 300ad) through Money and religion in 1914 was Satan the great Con artist, and the bible refers to as (The god of this World 2 Corinthians 4:4)
please explain how Martial Law will bring America democracy??
that one realy gets me :-/
America is not only today a republic
it always was a republic
those people like jefferson (not the airplane) and washington made it a republic.
there are a lot of good reasons against a democracy.
are you an american?
A lack of thin air has forced the Federal Reserve to start creating money out of deep vacuum.
NASA starts new space programm to find even more deep vacuum
:-P
The profits of the federal reserve are deposited into the US treasury. It's authority comes from the US congress, it's board and their wages are appointed by the US government. The indirection is suspicious, and supposedly around ~%97 of all of the federal reserve's profits goes back to the US treasury. The federal reserve's shareholders are owned by member banks charted inside the USA, so this large loop of interest payments means that people are skimming off the stream.
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Greenspan is most responsible, research him. Look at who his earliest friends were and read his article on gold. Try to reconcile all that with his policies as Fed chairman. I am betting you've read Rands novels or at least Atlas Shrugged. What is the motor of the world Mr. Hawkins? Our reserve currency is the motor of the world. It is force, it drives trade, it creates power, it creates oppresive regimes and human misery. It perpetuates wars, without an inflationary Fiat currency, world wars, and welfare slavery would be impossible. Nations would have to trade value for value. Wealth could not be usurped by banks.
Thank you Sir for your Articles and videos they are good exercise for the mind.
Later fellow Nomad
http://www.usagold.com/gildedopinion/greenspan.html