In the United States, (and indeed most counties of the world) the money system is based on debt. It has been this was way since 1864. This is the true cause of inflation, deflation, so-called booms and busts in whatever plutocratic “market” one chooses to believe in. No amount of tax cuts, stimulus, or re-distribution of wealth will fix this. THERE IS ONLY ONE WAY to correct this, which will be evident by the time you have finished reading this.
We cannot extinguish the deficit or overall debt for that matter until we eliminate our current money supply. No talk by our puppeted politicians will fix this. The solution is not to talk about the size of the national debt. We must reform our banking system in order to achieve economic and monetary freedom.
The Federal Reserve headquarters, located on Constitution Avenue in Washington, D.C., is, as most bank buildings are, an impressive structure located across from the Lincoln Memorial. But what makes it Federal? And what kind of “reserves” does it have? As you will discover, there is nothing federal about the Federal Reserve and there are no reserves.
The name is a deception created before the Federal Reserve Act was passed in 1913. The deception is to make Americans think that their Central Bank is operated by the Federal Government and for their own interests. This is simply not the case. The truth is the Federal Reserve is a PRIVATE bank ran by PRIVATE bankers, who are beholden only to their PRIVATE shareholders, whose sole goal is the proliferation of PRIVATE profits. Quotes from economists:
Henry Pasquet: “The Federal Reserve is a privately owned, for profit, corporation and there are no reserves”.
Larry Bates: “The (Federal) Reserve has doubtful reserve. It is a private bank, owned by member banks that was chartered under the guise of deceit, by an act of Congress in 1913. … It is more powerful than the federal government. It has more power than the federal government. It has more power than the president, the congress and the courts”.
If you still have reservations as to if the Federal Reserve is part of the federal government, look at a typical phonebook for a major U.S. city, and you’ll find that the Federal Reserve is listed in the business white pages, not the government blue pages. Lastly, the Supreme Court of the United States has ruled on numerous occasions that the Fed is a private corporation.
So why can’t politicians do anything about this? Most don’t understand the system, and the ones who do have sold their souls to the blood-thirsty money grabbers. There are a few good men out there, but they are scared to make any change out of fears for the lives of themselves and their families.
And now, some more quotes:
1923 – Rep. Charles A. Lindberg (R-MN): “The financial system has been turned over to the Federal Reserve Board. That board administers 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”.
1932 – Rep. Louis T. McFadden (R-PA): “We have in this country one of the most corrupt institutions the world has ever known. This evil institution has impoverished the people of the United States and has practically bankrupted our Government. It has done this through the corrupt practices of the moneyed vultures who control it.”
1964 – Sen. Barry Goldwater (R-AZ): “Most Americans have no real understanding of the operation of the international moneylenders. The accounts of the Federal Reserve have never been audited. It operates outside the control of Congress and manipulates the credit of the United States”.
To fully understand this conundrum, we must delve into some history. Ever since the signing of the U.S. constitution the moneychangers have fought to have control over who gets to issue America’s money.
Why is this so important? Think of money as a commodity, as you would for oil, gas, etc. If you have a monopoly on a commodity that everyone needs, wants, and that no one has enough of, there are numerous ways to make a profit and exhort a tremendous amount of political influence. This is what it is really all about.
Throughout the history of the United States, this power has gone back-and-forth from Congress to a privately controlled central bank. The founding fathers of America were aware of the evils of such an institution as they had witnessed how the Bank of England, the British central bank, ran up the national debt to such a degree that the parliament was forced to levy taxes on its colonies. Freedom from the moneychangers was the REAL reason for the American Revolution, but we’ll get into that in much more detail later.
1802 – Thomas Jefferson: “I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs”.
Sounds simple, eh? But that pretty much sums up the solution to ALL of our economic woes today.
1792 – James Madison: “History records that the moneychangers have used every form of abuse, intrigue, deceit and violent means possible to maintain their control over governments by controlling money and its issuance”.
This battle, the battle for who gets to issue the money has been THE CENTRAL issue in American history. Wars are fought over it, depressions are manufactured because of it, and yes, even American presidents have been assassinated over it. The power has shifted 8 times since 1764 and yet this is not taught in American schools and has not been discussed in the media for generations now.
Prior to World War 1, this struggle would routinely be front-and-centre in any newspaper, yet after the great war virtually no mention of it in any newspaper. Why? By the end of the war, the moneychangers gained control over most of the nation’s printing presses. Until we stop talking about the size of the debt, and how much money the government is spending and start talking about whom controls the money supply it is all just smoke and mirrors. One big shell game. A constitution amendment, to require the government to balance the budget, as favoured by most Republicans and “right” thinking people, will NOT solve the problem.
So it should be evident by now that the solution is to take back control of the issuance of our own money. This is not a radical idea. Many would mistakenly equate this idea with “leftist” ideologies. Let me be clear, this is not a left-wing, socialist, Marxist, communist, or whatever-other-word-you-want-to-use idea. This is the same idea as proposed several times by men throughout U.S. history. Men such as Benjamin Franklin, Thomas Jefferson, Andrew Jackson, Martin van Buren, Abraham Lincoln and John F. Kennedy.
The Federal Reserve has grown to become the most powerful central bank in the world; however it was not the first. Where did this concept come from? To fully understand the dilemma we must travel back in time to Europe. This will be covered in my next post “Rise of the Moneychangers”.