I wasn't sure if i could post this, but luckily, i found my tinfoil hat. How much do you know about the Federal Reserve? Ron Paul got me interested when he spoke about the gold standard in one of the debates this year. First i thought, this old man is crazy, but, theres something there.
Here's Paul on MSNBC
http://www.youtube.com/watch?v=k94VWPjUQSMSo, here's some other things I find interesting on this topic.
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The real truth of the matter is that a financial element in the large centers has owned the government since the days of Andrew Jackson" - Franklin D Roosevelt 1933
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The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the revolution" - Benjamin Franklin
What is a central bank? Its an institution that produces the currency of an entire nation. Two specific powers are inherent in central banking practice.
1. the control of interest rates
2. the control of money supply (inflation)
The central bank does not simply supply the government with money, it loans it to them, at interest. Then through the practice of increasing and decreasing the money supply, the central bank controls the value of the currency being issued.
It is critical to understand that the entire structure, based on this issue, can only produce one thing in the long run,
Debt.
Every single dollar produced by the central bank is loaned at interest. Again, every dollar loaned by the central bank to our government comes with an "X" percent of interest attached.
And since the central bank holds a monopoly of the production of currency for the entire nation, and then loan each dollar out with immediate debt attached to it, where does the money to pay for the debt to come from?
It can only come from the central bank again, which means the central bank has to perpetually increase its money supply, to temporarily cover the outstanding debt created, which in turn, since that new money is loaned out at interest as well, creates even more debt.
Our founding fathers were well aware of this.
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I believe that banking institutions are more dangerous than standing armies... If the American people ever allow private banks to control the issue of currency... the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered" - Thomas Jefferson 1743-1826
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If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation's credit" - Sir Josiah Stamp 1880-1941
Now, if were headed towards a depression, its only logical to look back at the greatest depression to see what caused it. Congressman Paul touched briefly on it in the clip above, when he talked about the Federal Reserve removing the gold standard. Here's a timeline of the early 1900's from Zeitgeist pt III
http://www.freedocumentaries.org/theatre.php?filmid=150&id=998&wh=1000x720J.P. Morgan perpetuated the panic of 1907, causing mass withdraws by the American people, consequently the banks were caused to call in there loans, causing the recipients to sell their property, thus a spiral of bankruptcies, repossessions, and turmoil to ensue.
Putting the pieces together a few years later, Fredrick Allen of Life magazine wrote:
"The Morgan interests took advantage... to precipitate the panic, guiding it shrewdly as it progressed"
The federal reserve act was then written, by bankers, not lawmakers. in 1913, with heavy sponsorship by the bankers, Woodrow Wilson became president, having already agreed to sign the federal reserve act in exchange for campaign support. and in two days before Christmas, when most of congress was at home with their families, the federal reserve act was voted in, and Wilson made it law.
Later, Woodrow Wilson wrote, in regret:
"Our great industrial nation is controlled by it's system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men... who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.
We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world - no government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men." -Woodrow Wilson
Congressmen Louis McFadden also expressed the truth, after the passage of the bill:
"A world banking system was being set up here... a superstate controlled by international bankers... acting together to enslave the world for their own pleasure. The fed has usurped the government."
1914-1919: The federal reserve increased the money supply by nearly 100%, resulting in extensive loans to small banks and the public
1920: The fed called in mass percentages of the money supply, thus resulting in the small banks having to call in huge amounts of loans, and, just like 1907, bank runs, bankruptcy, and collapse occurred. Over 5400 banks, outside of the federal reserve collapsed. Privy to this crime? none other than American hero Congressman Charles Lindbergh:
"Under the federal reserve act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figure a mathematical equation." -Charles Lindbergh 1921
That was just a warm up act.
1921-1929: The Fed again increased the money supply, this time by about 62%, resulting once again in extensive loans to the public and banks. There was also a new type of loan called a Margin Loan in the stock market.
The Margin Loan: allows an investor to put down just 10% of a stocks price, with the other 90% being supply by the broker. In other words, a person could own $1000 worth of stock, for only $100 down. This method was very popular in the roaring 20's. the catch was that the margin loan could be called in at any time and had to be paid within 24 hours. This was called the Margin Call.
So, a few months before October in 1929, large insiders quietly exited the market. then, in October 1929, the New York financiers who furnished the margin loans started calling them in, in mass. This sparked an instantaneous massive selloff in the market, for everyone had to cover the margin loans. It then triggered mass bank runs for the same reason, which in turn collapsed over 16,000 banks, enabling international bankers to not only buy up rival banks at a discount, but to buy up whole corporations at pennies on the dollar. It was the greatest robbery in American history. But it didn't stop there, rather than increase the money supply to recover from this economic collapse, the fed actually contracted it, fueling one of the largest depressions in history. Once again outraged, congressman Louis McFadden began bringing impeachment proceding against the federal reserve board. He wrote:
"It was a carefully contrived occurrence. International bankers sought to bring about a condition of despair. So that they might emerge the rulers of us all."
Strangely, after two previous assassination attempts, Louis McFadden was poisoned at a banquet, before he could push for the impeachment.
Now, having reduced the squalor, the federal reserve bankers decided that the gold standard should be removed. In order to do this, they needed to acquire the remaining gold in the system. Under the pretense of 'helping to end the depression', came the 1933 gold seizure. Under the threat of imprisonment for 10 years, everyone in America was required to turn in all gold bullion to the treasury, robbing the public of what little wealth they had left. At the end of 1933, the Gold Standard was abolished. All dollar bills before 1933 say they are redeemable in gold. Dollar bills today say they are 'legal tender', which means it is backed by absolutely nothing.
The only thing that gives our money value, is how much of it is in circulation. Therefore, the power to regulate the money supply, is also the power to regulate its value, which is also the power to bring entire economies and societies to its knees.
"Give me control of a nation's money supply, and I care not who makes its laws" -Mayer Amschel Rothschild, founder of Rothschild Banking Dynasty
Its important to understand the the federal reserve is a private coporation, its about as 'federal' as federal express.
It makes its own policies, and is virtually under no regulation by the U.S. government. It is a private bank which loans all the currency at interest to the government, completely consistant with the fraudulent banking system the founding fathers sought to escape from when it declared independence in the American revolutionary war.
So, does anyone else find this interesting, agree/disagree? I'm not a huge Ron Paul fan, he wants to abolish the department of education, but this kind of makes you wonder whats really going on in the market. Rising costs, foreclosures, bank bailouts, crashing dollar, looming amero... do those pieces fit together?
