View Full Version : 95th Birthday of your National Nightmare - the Federal Reserve

12-21-2008, 05:56 PM
95th Birthday of our National Nightmare - the Federal Reserve
Sun, 12/21/2008

On December 23, 1913, when most members had already left for the holidays, congress passed the Federal Reserve Act which relinquished our national sovereignty in the clear violation of our constitution. The United States became a client state to a group of international bankers who have ruled us ever since.


According to Benjamin Franklin, the American Revolution was fought over controlling the issuance of our money "The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War." Congress surrendered that which was won by the courage, fortitude and blood of our founding fathers.

Amshall Rothschild stated "Let me issue and control a nation's money and I care not who writes the laws." Indeed the Federal Reserve Bank, and their elite owners including the Rothschild's, have seized the greatest power of our nation, the power to control our money and credit. Our government and corporate media are complicit - both are owned by the banks; government figuratively and the mainstream media literally. Politicians, with precious few exceptions, are controlled by bribes, blackmail, contributions, extortion, fear and the hope for favorable media coverage.

In the "Money Masters" video, Patrick Carmack tells us that "The battle over who gets to issue our money has been the pivotal issue through the history of the United States. Wars have been fought over it. Depressions have been caused to acquire it. And yet after World War I this battle was rarely mentioned in newspapers or history books."

This great ongoing tyranny is rarely challenged and when it is, apologists will use deceptive double-speak to twist and deny the truth. For example, they will tell you that the Federal Reserve System is a quasi government entity. The fact is that the Federal Reserve Board may be a quasi government agency but the Federal Reserve Banks are privately owned and operated independent of any real government control or oversight. 100% of the Federal Reserve is owned by private banks, our government has absolutely no stake.

President Elect Obama recently responded to a question (forward to around 13:48 in the video) about the Federal Reserve by stating "...I don't think it's good policy for a President or President-Elect to second-guess Fed policy, which is an independent body." Amazingly, Obama conceded that the Federal Reserve Bank is an independent entity; not under the authority of the US Government.

When the people come to understand that the government neither issues nor regulates our money; then they will begin to realize that the Federal Reserve actually controls our government. The full extent of the damage done by the parasitic central bankers cannot be measured in monetary terms alone; the Fed and their co-conspirators have created great suffering and injustice while diminishing all that we earn and all that we have saved. Consider the following:

1. Conflict of interest destroys our future
In steering our national monetary policy and issuing our money the Federal Reserve creates a conflict of interest whereby the good of the nation becomes a secondary concern. Witness the fact that the Fed is working to move huge amounts of toxic debt (bailouts) from the balance sheets of the private member banks to balance sheet of our nation. Given the choice, they would rather our nation go bankrupt than their banking corporations. Remember too, that we are inexplicably paying interest on the bailout money that we are giving away.

It is important that we recognize that wealth is not destroyed, it is transferred. The trillions of dollars that appear to be vanishing from over 99% of our people is simply being transferred to the elite central bankers and their co-conspirators.

2. War is profitable for central banks
Central bankers profit by loaning both sides of a conflict huge sums of money. And, the rebuilding that follows the destruction also must be financed. For example, England is still paying interest on debt incurred during WW1. Some historians have alleged that most wars could and should have been prevented but the central banks have sought to create them.

This unsavory possibility is never touched by our corporate media, for example, why are the costs of our perpetual wars never linked as a cause of our financial failing?

3. A national energy policy would hurt the profitability of the power brokers
Big oil interests serve as directors to the Federal Reserve. We knew that our dependence on depleting oil reserves was a dangerous threat to our national security and prosperity over 30 years ago but yet, virtually nothing has been done to develop sustainable alternatives. The sale and distribution of oil has been lucrative for the few at the expense of the many.

4. Exponential growth of compounding interest is destroying our economy
With the exception of coins, all of our money is created out of thin air by the banks with interest charged. Chris Martenson explains (Crash Course 4 and 8) that there "will always be more debt than money in the system" and that "perpetual growth is a requirement" at an ever accelerating rate. From this we can see that is mathematically impossible for us to fully pay the debt and that our system has a finite lifespan; that is that eventually it will fail as there will not be enough willing and worthy borrowers to sustain the growing debt. When this point comes, and I suggest it has, the government will attempt to artificially sustain the system by unorthodox and illegal means.

Chris was not the first or only person to understand this problem. Mike Montagne calculated what he terms as the "multiplication of debt" and offered his findings to the Reagan administration back in the early 1980s. His graph is listed below and incredibly, approximately 30 years ago, he calculated that the finite end would occur around 2009.


You have to ask yourself why nothing was done about the unavoidable demise of our economy. And, why does the corporate media never bother to explore this key concept?

5. Our huge national debt was unavoidable and desirable to the Federal Reserve
In 2007 interest alone on our national debt was over $400 billion dollars. I shudder to think what this years payment will be but two things are clear. First, we can never pay the national debt off. Second, from here on out, we will struggle to simply pay the interest - forever. New born Americans are enslaved in debt as part of the natural citizenship process.

6. The damage of constant inflation is inherent to our debt based system
The effects of interest are inflationary. When interest rates go up, there may be a temporary decrease in inflation but inevitably, inflation may never be stopped. Inflation is a corrupting force that steals our savings and forces us to become risky speculative investors in an attempt to off-set the adverse effects. Our government uses inflation to con us into thinking our economy is growing. Since 1990, almost all of the growth in the stock market can be attributed to inflation.

The effects of inflation damage corporations in that they are constantly pressured to increase the value of their stock. Long term strategic planning gives way to short term cost cutting measures. For example, the number of employees might be reduced or their benefits cut to sweeten up a financial report.

Corporations and hedge funds have been pushed to find new ways of avoiding inflation losses. For example the creation of the zero sum derivatives market, referred to as financial "weapons of mass destruction" by Warren Buffet, was largely motivated by inflation.

7. Elimination of free market capitalism
Free market capitalism cannot occur when markets are constantly manipulated and transactions are opaque. The Fed constantly manipulates our markets through the FOMC (Federal Open Market Committee) and the PPT (Plunge Protection Team). Again we have the moral hazard of conflicting interests, are the markets being manipulated to protect and serve the people or to enhance the position of the Fed and their co-conspirators? Insiders benefit from lower interest rates as they have use of the money before the effects of the subsequent inflation takes root.

There is little transparency with the Fed as may be witnessed by the fact that they refuse to disclose the recipients of $2 trillion of our money. Bloomberg should be applauded for entering a lawsuit against the Fed in an attempt to discover what secrets they are hiding. Why is no one in our government demanding transparency?

8. Creation of a fraudulent society and the shredding of our constitution
The trickle-down fraud and corruption has permeated our commerce and institutions. Our media and government deceptively keep the truth from us and education has given way to indoctrination. Fidelity to our constitutional rule of law should immediately stop the illegal Federal Reserve. Instead, our constitution has been systematically shredded.

The conclusion of the 2006 Treasury report, the Financial Report of the United States Government, was released with little fanfare or note even though it confirmed that the United States was insolvent. David Walker, the heroic Comptroller of the US, onerously stated that the GAO had found so many significant material deficiencies in the government's accounting systems that the GAO was "unable to express an opinion" on the financial statements. This should have set off alarms and bells but it was largely ignored.

Social Security and other entitlement programs are unfunded liabilities that are simply Ponzi schemes. For example, the money we have paid into Social Security has been transferred to debt - we hold only IOUs.

Our history has been amended to eliminate negative references and the truth about the Fed. We are indoctrinated into a deceptive system rather than being taught critical thinking and the truth. By design, we have become a nation of sheep who rely on the media to analyze current affairs and to provide their editorialized truth.

9. The cost of goods and services is artificially high
Business and government interest costs are added to products and services. Government interest costs are imposed on businesses through taxes.

10. The corruption of foreign trade
Most modern nations are subjugated by a central banking system. This creates problems as it becomes very desirable for nations to export more than is imported in order to avoid the damaging effects of interest since the money coming in is interest free. Nations strive for cheap labor rather than developing consumerism through higher wages and better benefits.

We are told that we cannot compete with the cheap labor of other countries. We can compete and we can prosper by removing the heavy parasitic burden that is the Fed. Any nation that removes this burden will instantly secure a huge advantage for the prosperity of their people.
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There is a secret race underway that will determine our national future. The Federal Reserve must completely dominate the people before the people wake-up and demand real and substantive change - the elimination of the Federal Reserve. This is a race that we must and can win.

I urge you, do not believe me, but instead find your truth after personally investigating the Federal Reserve. Like financial bubbles - the deceptive bubble that perpetuates the Fed cannot be sustained in the face of a vigilant, vocal and well informed people. And like the growth of multiplying interest, the truth about the Fed will grow exponentially from one person to others. Let us unite in learning and then teaching the truth about the Fed as our most important patriotic duty - the revolution is really an awakening.

Support Ron Paul's (http://www.campaignforliberty.com/) Legislation H.R. 2755 - Federal Reserve Abolition Act
"Abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act of 1913"