In 1995, a corporation was registered in the U.S. as REPUBLIC OF SOUTH AFRCA INC. and managed by four Banks; the people of Southern Africa were sold down the river in much the same way as America was 100 years ago; the same happened to every country with a central bank; this ensured U.S. Dollar hegemony as well as corporate takeovers and financial control; so, it is important to know the keys facts behind the Federal Reserve System;
For more insight read the Banking and Banksters pages;
Congressman Louis T. McFadden’s Famous Speech On the Federal Reserve Corporation In 1934 is an astounding exposure of the Federal Reserve banking system.
The Federal Reserve – A Corrupt Institution:
“Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.”
“This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.”
“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.”
“These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions.”
Read more at: http://loveforlife.com.au/content/07/06/29/federal-reserve-public-swindle-congressman-mcfaddens-famous-speech-federal-reserve-
Debt Death Scheme Of Nazi Germany’s Queen Elizabeth: NWO’s Central Banks
“After WWI, Germany fell into the hands of the international bankers. Those bankers bought her and they now own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities.
The international German bankers have subsidised the present Government of Germany and they have also supplied every dollar of the money Adolph Hitler has used in his lavish campaign to build up threat to the government of Bruening.
When Bruening fails to obey the orders of the German International Bankers, Hitler is brought forth to scare the Germans into submission…
Through the Federal Reserve Board over $30 billion of American money has been pumped into Germany. You have all heard of the spending that has taken place in Germany…
Modernistic dwellings, her great planetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories. All this was done on our money. All this was given to Germany through the Federal Reserve Board.
The Federal Reserve Board has pumped so many billions of dollars into Germany that they dare not name the total.”
Congressman Louis T.McFadden (D-PA) who served twelve years as Chairman of the Committee on Banking and Currency.
- History Of Money Part III
- Increasing Number Of Countries Banning & Dismantling Rothschild Central Banks
- England’s Greatest Coverup ~ England’s Catholic Genocide: Roman Catholic Guy Fawkes ~ The Rustle For America Begins!
Read a well-researched, in depth and revealing article with many more links at: https://politicalvelcraft.org/2017/06/04/debt-death-scheme-of-nazi-germanys-queen-elizabeth-nwos-central-banks/#comment-281229
Liens Filed Against the Federal Reserve: The Key to Trump Ending the Fed & Returning the Gold Standard?
May 8, 2017
While there are certainly forces within the “Deep State“ or “Shadow Government” that obviously oppose any moves to bring back the gold standard and end the Federal Reserve, the timing may be ideal for a massive push to accomplish both of these tasks.
Arguably, there has been no U.S. president whose every move has been scrutinized and reported on more than that of Donald Trump. He has over 26 million followers on Twitter, is being covered every day and night by every mainstream media outlet and many alternative media outlets. Much of what Trump says, does or Tweets about is further reported on and reaches hundreds of millions of people around the world. With respect to bringing back the gold standard and ending the Federal Reserve, Trump needs only to utilize the media’s spotlight to begin making a focused and consistent push in talking, and even tweeting about these two issues.
In essence, Trump can create a groundswell, grassroots movement from the masses in support of these two moves that will cut off the Deep State’s ability to control the global financial system. Though there are certainly complicated logistical moves needed to take place to bring back the gold standard and end the Federal Reserve, the basis of accomplishing these items are surprisingly simple. To begin, the issues must not only be tweeted and talked about consistently, the public needs to be educated on why these moves will benefit the U.S and the rest of the world. Most importantly, the public must be educated as to why these moves will benefit democrats, republicans, libertarians and all other parties, including those who don’t engage in politics at all. The masses must learn why these two moves will benefit all people.
As activist and comedian George Carlin once said, “the owners of the country don’t want an educated populace capable of critical thought sitting around the kitchen table realizing how badly they are getting screwed.”
Henry Ford also made this point very clear: “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Educating the masses on how badly the U.S. and all nations around the world are being conned by the global elite is a surefire way to create a groundswell that topples the elite and their control systems.
A byproduct of creating a tsunami of awareness around these two issues will be an understanding of which senators and representatives support and oppose the moves to end the Federal Reserve and bring back the gold standard. This is incredibly important in terms of the public being able to put pressure on the right senators and representatives to begin supporting these two moves. From Trump’s point of view, this would be highly favorable to him as he wouldn’t need to pressure any senator or representative. The masses would do it themselves. The revolution would be in full effect.
However, before ending the Federal Reserve, a legitimate 3rd party audit must take place. And no, not another “annual audit” that occurs because of the Wall Street Reform and Consumer Protection Act. Sadly, this is but a smoke and mirrors attempt to persuade the masses that the Federal Reserve is compliant, fair and trustworthy. Can we really trust the Federal Reserve, which is a privately owned, registered corporation masquerading as a lawful and legitimate governmental agency?
A thorough and just audit of the Federal Reserve must take place, much like what is proposed by Rand Paul’s legislation, the Federal Reserve Transparency Act. In fact, the first obstacle to passing this bill has been cleared as of March 28th, 2017 when the Committee on Oversight and Government Reform approved the legislation for a full audit on the Federal Reserve. The next step will be to pass the House of Representatives, which it has passed twice in recent years. If passed in the House, which it is expected to overwhelmingly do so, it will move on to the Senate for voting.
Among the many things that will be revealed in a true audit of the Fed, the masses will come to learn just how badly the world has been deceived by the Federal Reserve and the elite. Allowing a privately-owned corporation to print money endlessly, create money out of thin air, act on it’s own authority and illegally manipulate global markets will not be allowed to continue, once finally exposed to the masses. The banking system will be largely understood for the con that it has been and a return to the gold standard will be the next logical step–one that will then at that time be largely supported.
But where will the gold come from? The same place John F. Kennedy was about to receive gold and silver from back in 1963 when he signed Executive Order 11110 into effect: The East.
He Who Owns the Gold, Makes the Rules
Some real history must be recalled in order to fully understand. Unbeknownst to many, Kennedy was working closely with Indonesian President Sukarno, who both signed (along with the United Bank of Switzerland) the now infamous Green Hilton Memorial Agreement. A certified copy of the official Agreement can be seen here, from pages four through twenty. The agreement was to allow the United States Treasury access to a vast amount of gold, silver and other resources to back a new U.S. Treasury Note and abandon the Federal Reserve Note. The Agreement was officially finished on November 14th, 1963, just eight days before John F. Kennedy was murdered in Dallas, Texas. Because JFK was about to legally expose and end the Federal Reserve, and because this agreement was finished just eight days before he was murdered, one naturally suspects that his signing of the Green Hilton Memorial Agreement was one of the primary reasons he was killed.
Read more regarding the history of the global collateral accounts and reset at: http://themindunleashed.com/2017/05/liens-filed-federal-reserve-key-trump-ending-fed-returning-gold-standard.html
Benjamin H. Freedman 1961 Speech at the Willard Hotel
A 1 hour public speech exposing the real cabal behind the U.S.
G. Edward Griffin: Exposing The Creature From Jekyll Island
Hard truths from the man who wrote the book on the Fed
G. Edward Griffin, the author of the seminal book on the formation of the Federal Reserve, The Creature of Jekyll Island, joins the podcast this week to add his perspective to our ongoing critical examination of the Fed and the impact its actions are having on society.
Meeting Ed and getting to spend time with him was a real honor for Chris and me. His breadth of knowledge of the central banking system as well as his engaging manner of storytelling are masterful. Plus, he’s simply a wonderfully kind person.
Ed’s decades of research and critique of the Federal Reserve, sadly, have left him with conclusions that corroborate our own. Despite its carefully-crafted image as an essential public servant, Griffin concludes it is anything but. It is a private cartel that has connived its way to tremendous advantage and power, secretly (and not-so-secretly) plundering the American people of their treasure and freedoms.
On The Fed’s True Goals
[In researching the Federal Reserve] I was looking for a very complex mechanism. And I couldn’t believe at that time that there would be deliberate deception in this system. So, I was working on the false assumption that everybody in the system was doing their best to make it work on behalf of mankind and on behalf of society. Initially, I never entertained the idea that its goal was not to benefit mankind at all.
And so, where one would say, look: the Federal Reserve system is failing to meet its goals — because it said its goals were to stabilize the economy and to preserve purchasing power, etc. — I finally came to the realization: No, those are not its goals.
If we understand what its goals really are, then it’s not failing at all. It’s succeeding amazingly well.
And most people, as I initially did, have found that an impossible assumption to entertain. They simply can’t get over it.
On Whether The Fed Is A ‘Conspiracy’
Most dictionary definitions of the word “conspiracy” seem to agree that a conspiracy occurs when:
- two or more people come together
- they use methods of deceit and deception to achieve a goal
- which is unethical or illegal.
Those are the three requirements. So talk about the Fed:
Are there two or more people? Oh, yeah. OK, there’s one down.
Do it use methods of secrecy? Yes. It has secret meetings [beginning from its very conception at Jekyll Island] . It has closed meetings in which the public is excluded and the minutes of which are not shared for years, sometimes decades, sometimes never. Yes, of course, elements of the Fed’s activities are highly secretive.
And is the result either unethical or illegal? Well, now that’s where it gets interesting.
Because first of all, it’s not illegal what they’re doing — because the banking industry has heavy influence over the people who write the laws. That’s the reason the banks are so involved in the political system: so they can write the laws. So, that what they want to do is legal.
So, the Federal Reserve is plundering people legally. But is what its doing unethical? The propaganda is that the Federal Reserve is ‘stabilizing the economy’. They’re doing it for the American people.
But you and I, or anybody else that’s not on the receiving end of all this money flow that the Fed has created, we look at what they’re actually doing and most of us would say it’s highly unethical. Our wealth, our economic prosperity and financial freedom — all are being siphoned away — for the benefit of a very small elite few. I think most people who they really understand what the Federal Reserve is doing would agree that’s unethical.
And there’s where you meet the definition of a conspiracy, though I don’t insist anybody call it that. Just call it what it is: a group of people who know what they’re doing and are plundering us.
Source: G. Edward Griffin: Exposing The Creature From Jekyll Island | Peak Prosperity
G. Edward Griffin Debunks the JFK/Fed Myth
The Smoking Man / 13 hours ago June 14, 2017
Source – corbettreport.com
– ‘…The theory that the bankers were behind the JFK assassination. The theory holds that JFK was trying to end the Fed by creating debt-free, silver-backed money through Executive Order 11110…this theory is not just wrong, it is the complete opposite of reality”:
G. Edward Griffin Debunks the JFK/Fed Myth
If you follow the alt media you’ve probably heard the theory that the bankers were behind the JFK assassination. The theory holds that JFK was trying to end the Fed by creating debt-free, silver-backed money through Executive Order 11110, and the bankers saw this as a threat to their monopoly over the money supply. But as G. Edward Griffin, editor of NeedToKnow.news and author of the seminal book on the Federal Reserve, The Creature From Jekyll Island, points out in the following interview with James Corbett, this theory is not just wrong, it is the complete opposite of reality.
The Biggest Federal Reserve Scandal
Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.
While these trades appear problematic, they pale in comparison to the biggest Fed scandal — the Fed’s impoverishment of ordinary Americans, enrichment of the elites, and facilitation of government debt and deficits.
The depression induced by coronavirus, though really caused by so-called public health actions government took in response, was the official reason for the Fed’s increased asset purchases last year.
However, the Fed actually started ramping up its money creating activities in September of 2019, when it began pouring billions a day into the repo markets, which banks use to make short-term loans to each other, in order to keep repo market interest rates low.
Coronavirus was just a convenient excuse for the Fed to do more of what it was already doing… Now, the Fed is using the limited reopening as a scapegoat for rising prices.
Of course, anyone who understands Austrian economics understands that rising prices are a symptom, not a cause, of inflation. Inflation is the very act of money creation by the Fed.
Rising prices that diminish the average American’s standard of living are not the only result of the Fed’s manipulation of the money supply. The manipulation distorts economic signals, producing results including booms, bubbles, and busts.
Inflation has always benefited the well-connected elites who receive the Fed’s newly created money before the new money causes widespread price increases.
The true motivation behind Fed policies was revealed by former Fed official Andrew Huszar in 2013. Huszar, writing for the Wall Street Journal, confirmed that quantitative easing kept stock prices high, instead of helping Americans struggling with the aftereffects of the 2008 meltdown.
Other beneficiaries of the Fed are big-spending politicians. The Federal Reserve’s purchase of federal debt instruments keeps the federal government’s debt servicing costs manageable.
This is why, despite Chairman Powell’s recent suggestion that the Fed will soon begin “tapering” its purchases of Treasuries, the Fed is unlikely to significantly reduce its purchase of Treasuries or allow interest rates to significantly increase.
Powell is also unlikely to upset President Biden and Biden’s congressional allies as long as progressives are urging Biden not to reappoint Powell.
Progressives want to replace Powell with someone more committed to fighting climate change and systemic racism, two boogeymen routinely bought out as excuses for vast expansions in government spending and power.
Accounting and Accountability
Another major scandal involving the Fed is Congress’ refusal to pass the Audit the Fed bill and let the American people know the truth about the Fed’s operations.
Audit the Fed authorizes a Government Accountability Office (GAO) audit of the Fed’s dealing with foreign governments and central banks, the Fed’s discount window operations, reserves of member banks, securities credit, interest on deposits, and open market transactions.
Audit the Fed would finally reveal the truth about the Fed’s operations.
A limited audit authorized by the Dodd-Frank Act found that between 2007 and 2010, the Federal Reserve committed over 16 trillion dollars to foreign central banks and politically influential private companies.
Imagine what a full audit would find…
It is time to end the scandal of allowing a secretive central bank to have so much power over the economy and our liberty. It is time to audit, and end, the Fed.
Copyright © 2021 by the Ron Paul Institute.
Ron Paul’s Greatest Interview: Gold, Silver, Freedom, Free Markets, & Sound Money – Mike Maloney
End the Fed – Ron Paul
In his latest book End the Fed, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless.
What most people don’t realize is that the Fed — created by the Morgans and Rockefellers at a private club off the coast of Georgia — is actually working against their own personal interests. Congressman Paul’s urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America’s economic policy for future generations. Read more at: http://www.ronpaul.com/misc/books/end-the-fed/
The Federal Reserve Must Go
By Michael Snyder, on May 14th, 2017; economic collapse blog
If you want to permanently fix America’s economy, there really is no other choice. Even before Ron Paul’s rallying cry of “End The Fed” shook America during the peak of the Tea Party movement, I was a huge advocate of shutting down the Federal Reserve. Because no matter how hard we try to patch it up otherwise, the truth is that our debt-based financial system has been fundamentally flawed from the very beginning, and the Federal Reserve is the very heart of that system. The following is a free preview of an upcoming book that I am working on about how to turn this country is a more positive direction…
Read more at: http://theeconomiccollapseblog.com/archives/the-federal-reserve-must-go
HR 2990: Historic Bill to Abolish the Federal Reserve
Posted: June 17, 2017 in Inspiring Moments in Resistance
In 2011, to address the failed US recovery, former Congressman Dennis Kucinich (D-Ohio) and Congressman John Conyers (D-Michigan) introduced HR2990, the National Emergency Employment Defense Act. The bill proposed to abolish the Federal Reserve system and end the ability of private banks to create money out of thin air.* If the bill had passed, it could have instantly ended all federal deficits and debt, while simultaneously providing trillions of dollars for vital infrastructure and restoring funding to states and local authorities for education, hospitals, clinics, housing, police, libraries and other programs cut after the 2008 economic crash.
The late Stephen Zarlenga, founder of the American Monetary Institute and co-author of the bill, always found it ironic that in 2008-2099 the US Treasury “printed” between $3-15 trillion of new money (aka quantitative easing) – as HR2990 proposes. However instead of spending this government-created money into the economy as HR2990 specifies, they handed it over to private banks. They in turn used it to pay obscene CEO salaries and to inflate their stock prices by buying back shares.
Among other provisions, of HR2990 would
- Dismantle the Federal Reserve and transfer its powers to a new Monetary Authority operating under US Treasury oversight.
- Replace all Federal Reserve notes with United States Money.
- Instruct the Secretary of the Treasury to create United States Money to address any and all deficits resulting from a discrepancy between tax receipts and funds appropriated for government services.
- Subject to criminal and civil penalties any person [ie banks] who creates or originates United States Money by lending against deposits through “fractional reserve banking.”
- Prohibit borrowing by the Secretary or by any federal agency or department, independent establishment of the executive branch, or any other instrumentality of the United States (other than a national bank, federal savings association, or federal credit union) from any source other than the Secretary.
- Require the Secretary to begin to pay off all outstanding US debt payment in full in United States Money.
- Prescribe requirements for the entry of United States Money into circulation.
- Require the Monetary Authority to instruct the Secretary to disperse monetary grants to states for public infrastructure, education, health care and rehabilitation, pensions, and paying for unfunded federal mandates.
- Direct the Secretary to make recommendations to Congress for payment of a tax-free Citizens Dividend to all U.S. citizens residing in the United States in order to provide liquidity to the banking system at the commencement of this Act, before governmental infrastructure expenditures have had a chance to work into circulation.
- Prescribe requirements for federal funding of education programs, coverage of any deficits in Social Security Trust Fund account, a universal health care plan, resolution of aspects of the mortgage crisis, and a program of interest-free lending of United States Money to state and local governmental entities.
As Kucinich points out in the preamble to his bill, Article 1 Section 8 of the US Constitution places the power to create money in Congress. In 1913, Congress made the foolhardy decision to delegate this bower to the Federal Reserve system and private banks. Predictably the latter operate the US monetary system (and money creation) in such a way as to their profits – and not for the benefit of the American people. The result has been increasing economic instability, skyrocketing income inequality and growing power of private banks, such as Goldman Sachs and JP Morgan – to the extent they virtually control our so-called democratic system of government.
More information on the American Monetary Institute at their website: http://www.monetary.org/
Link to HR2990: HR2990
In the video below, Kucinich** speaks about HR2990 on the floor of Congress in 2013.
*Contrary to popular belief, the government doesn’t create the dollars in circulation in the US. The vast majority is created by private banks out of thin air when they initiate loans. See How Banks Invent Money Out of Thin Air
**Like Bernie Sanders, Kucinich was more of an anti-coproratist than a Democrat. He opposed military intervention in Iraq, Libya, Syria and the Patriot Act. As a presidential candidate in 2004 and 2008 he called for single payer health care, free education (including pre-school and university), instant run-off voting, a moratorium on GMO crops, withdrawal from the WTO and NAFTA, ending the death penalty and the War on Drugs and lowering the voting age to 16. He collaborated with libertarian Republican Ron Paul on a number of bills and currently serves on the Ron Paul Institute advisory board. He lost his seat in 2013 after the Ohio state legislature re-districted his Congressional District out of existence.
Andrew Napolitano – The Lying Class
Gold and Silver Bullion Now Treated As Money In Arizona
HB 2014 defines gold, silver, and other precious metals as legal tender and exempts them from capital gains taxes, thus allowing Arizona residents to use precious metals instead of Federal Reserve notes.
Dr. Paul testified before the Arizona Senate Finance Committee in support of the bill in March.
Every supporter of free-markets should cheer Arizona’s passage of HB 2014. There is no more justification for forcing individuals to use government-created money than there is for forcing them to drive government-manufactured cars. In fact, as the Federal Reserve’s 114 years of failure shows, giving monopoly control over our money supply to a secretive central bank is the most dangerous form of government intervention,” said Dr. Ron Paul.
“By allowing the people of Arizona to use an alternative to Federal Reserve-created fiat currency, HB 2014 will help the people of Arizona survive the next Federal Reserve-created recessions. Passage of this bill will also help make Arizona more attractive to the growing number of people seeking alternatives to fiat money in order to protect themselves, their families, and their business from the effects of Federal Reserve policy. Thus, this bill will help attract new investments and jobs to Arizona.
“I hope other states follow Arizona’s lead and pass legislation protecting the right of their citizens to choose to use precious metals instead of the Federal Reserve’s consistently depreciating fiat currency,” continued Dr. Paul.
Read More Here: Gold and Silver Bullion Now Treated As Money In Arizona – GoldCore Gold Bullion Dealer
RON PAUL 101 – CIVIL LIBERTIES
Would you want to live in a world where everyone knew everything about everyone?
And in case you’re wondering, that’s not where we’re headed. Instead, we’re blindly marching towards a dark future where the government knows everything about you but you know nothing about the government. Read more at:
http://www.ronpaul.com/on-the-issues/civil-liberties/
Join the Ron Paul Revolution and help the US rebuild a nation where a people’s right to be left alone has priority over the government’s desire to know everything.
09/03/2009 Ron Paul
[Chapter 2 of End the Fed by Ron Paul (Grand Central Publishing, 2009), pp. 12–31. The publisher controls reprint permissions for this chapter, and has given permission to Mises.org to run this. Unlike most everything else on Mises.org that is published under Creative Commons, it cannot be reposted or republished, but blogs and sites are welcome to link here.]
From its founding in 1913, secrecy and inside deals have been part of the way the Fed works.
Part of the public-relations game played by the chairman of the Fed is designed to suggest that the Fed is an essential part of our system, one we cannot do without. In fact, the Fed came about during a period of the nation’s history called the Progressive Era, when the income tax and many new government institutions were created. It was a time in which business in general became infatuated with the idea of forming cartels as a way of protecting their profits and socializing their losses.
The largest banks were no exception. They were very unhappy that there was no national lender of last resort that they could depend on to bail them out in a time of crisis. With no bailout mechanism in place, they had to sink or swim on their own merits. What was more, following the Civil War, American presidents actually worked to implement and defend the gold standard, which put a brake on the ability of the largest banks to expand credit without limit. The gold standard worked like a regulator in this way. Ultimately, banks had to function like every other business. They could expand and make risky loans up to a point, but when faced with bankruptcy, they had nowhere they could turn. They would have to contract loans and deal with extreme financial pressures. Risk bearing is a wonderful mechanism for regulating human decision making. This created a culture of lending discipline.
If we look back at banking history, we can see the drive for the centralization of power dates back centuries. Whenever instability turns up, so do efforts to socialize the losses. Rarely do people ask what the fundamental source of instability really is.
For an answer we can turn to a monumental study published in 2006 by Spanish economist Jesús Huerta de Soto.1 He places the blame on the very institution of fractional-reserve banking. This is the notion that depositors’ money that is currently in use as cash may also be loaned out for speculative projects and then re-deposited. The system works so long as people do not attempt to withdraw all their money at once, as permitted to them in the banking contract. Once they do attempt this, the bank faces a choice to go bankrupt or suspend payment. In the face of such a demand, they turn to other banks to provide liquidity. But when the failure becomes system-wide, they turn to government.
Source: https://mises.org/library/end-fed
Senator Ron Paul: We need to take out the CIA
Joseph Salerno “Unmasking the Federal Reserve“
Foundation for a Free Society
Uploaded on Feb 15, 2011
http://www.f4fs.org/ in this video, Joseph Salerno speaks on the Federal Reserve, and exposes some of the fallacies regarding how the Federal Reserve functions, creates money, and controls the monetary system the United States. This video is from CPAC 2011.
The Economics of Fractional Reserve Banking
By Joseph T. Salerno
Published on Aug 14, 2013
Archived from the live Mises.tv broadcast, this lecture was presented by Joe Salerno at the 2013 Mises University, hosted by the Mises Institute in Auburn, Alabama, on 23 July 2013.
25 Fast Facts on the Federal Reserve
At the following link are 25 fast facts about the Federal Reserve that everyone should know…
#1 The greatest period of economic growth in U.S. history was when there was no central bank.
#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created. In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent, and it would be even higher than that if the inflation numbers were not being so grossly manipulated.
#3 Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.
#4 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.
#5 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.
#6 The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.”
#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.
#8 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.
#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.
#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…
Citigroup – $2.513 trillion Morgan Stanley – $2.041 trillion Merrill Lynch – $1.949 trillion Bank of America – $1.344 trillion Barclays PLC – $868 billion Bear Sterns – $853 billion Goldman Sachs – $814 billion Royal Bank of Scotland – $541 billion JP Morgan Chase – $391 billion Deutsche Bank – $354 billion UBS – $287 billion Credit Suisse – $262 billion Lehman Brothers – $183 billion Bank of Scotland – $181 billion BNP Paribas – $175 billion Wells Fargo – $159 billion Dexia – $159 billion Wachovia – $142 billion Dresdner Bank – $135 billion Societe Generale – $124 billion “All Other Borrowers” – $2.639 trillion
#11 The Federal Reserve also paid those big banks $659.4 million in fees to help “administer” those secret loans.
#12 The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.
#13 We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.
#14 Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favors the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.
#15 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.
#16 The Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.
#17 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations“.
#18 The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.
#19 The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.
#20 The Federal Reserve is supposed to “regulate” the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives bubble from inflating which could absolutely devastate our entire financial system.
#21 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has gotten more than 5000 times larger.
#22 The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.
#23 If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.
#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing it?
#25 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence?
THE FEDERAL RESERVE SYSTEM
Since 1913, the currency of the United States has been owned and managed by a private corporation of international bankers known as the “Federal Reserve System.”
This group prints “Federal Reserve Notes” and loans them out to the United States Treasury. American taxpayers then pay interest to the Federal Reserve banking families for the rights to use their money.
The Federal Reserve banking families can therefore print as much money as they want – and give it to whomever they want, secretly, with no oversight or input from the United States government.
In this clip, former Federal Reserve chairman Alan Greenspan admits that the Federal Reserve is an independent agency whose decisions cannot be overruled by any element of the legitimate United States government.
The Federal Reserve is Above the Law
Uploaded on Apr 22, 2009
The deceptively-named “Federal Reserve” is really a private, foreign-owned, profit-making bank which has complete control over our money supply and credit. It is not a government entity nor is it accountable to anyone in government. In this clip, we hear Greenspan confirm that the Federal Reserve is above the law and accountable to nobody in government.
26 TRILLION DOLLARS OF FRAUD
Thanks to heroic efforts of Congressman Ron Paul, former Congressman Alan Grayson and Congressman Bernie Sanders to audit the Federal Reserve, we now know that the Federal Reserve secretly lent out 26 trillion dollars’ worth of American money from 2007 to 2010 — much of it to foreign banks.
Twenty. Six. TRILLION. Dollars. This is a very difficult number to comprehend — but we do now have a way to wrap our minds around it. At his website usdebt.kleptocracy.us, Los Angeles-based 3D designer Oto Godfrey has created an incredibly powerful series of images to help us actually visualize this much money — in stacks of 100-dollar bills. Before you see it, try to stop for a minute and think what it will look like. How many stacks do you think there are? How big do you think they will be? I was quite surprised when I saw it for myself.
The website goes into more detail about each category — so I recommend going there and checking it out, and supporting Oto Godfrey’s amazing work.
HOW FAR DOWN DOES THE RABBIT HOLE GO?
Again, the Federal Reserve is a private corporation that prints money for the United States. The US then pays interest for the rights to use these “Federal Reserve Notes.”
The Federal Reserve secretly handed out 26 trillion dollars in bailout money between 2007 and 2010. The top four bailed-out banks are now doing 95.9 percent of all the gambling. Their total risk adds up to 600 trillion dollars – ten times more than all the money in the world.
At this point, it may seem that all we have to do is dismantle the Federal Reserve, let the US Treasury print its own money, back up everyone’s bank accounts for 275 billion dollars, and then allow a handful of “too big to fail” financial institutions to collapse — and be restructured in smaller pieces.
However, we now have scientific proof that this problem goes much deeper than just the Federal Reserve and a few of their closest banking buddies.
Instead, the Federal Reserve appears to be at the epicenter of a vast “interlocking directorate” of companies that may earn up to 80 percent of all the world’s wealth.
This, of course, makes it a lot more complicated to clean things up – but I do still believe it can be done, or else I wouldn’t have conducted this investigation.
Read the full investigation at: http://divinecosmos.com/start-here/davids-blog/1023-financial-tyranny
1984 Grace Commission Report
President Reagan requested a report to find out just where the Federal income tax dollars go, it was called the Grace Commission Report and it stated-
“One hundred percent of what is collected is absorbed solely by interest on the Federal debt and by the Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on services which taxpayers expect from their Government”
These are the exact words from the document!
In other words every penny of US income taxes goes to pay the interest these private national foreign banks say the people owe them.
http://www.slideshare.net/devonauerswald/grace-commission-report-declassified-pdf
The Federal Reserve was the greatest swindle ever: http://judicial-inc-archive.blogspot.co.za/2010/06/jekyll-island-and-federal-reserve.html
BUSH’S PROJECT HAMMER
[Lee Wanta is not mentioned here but he was pivotal in the intelligence operations against the Soviet ruble from 1988!]
Deanna Spingola February 8, 2010
In 1989 President George H. W. Bush began the multi-billion dollar Project Hammer program using an investment strategy to bring about the economic destruction of the Soviet Union including the theft of the Soviet treasury, the destabilization of the ruble, funding a KGB coup against Gorbachev in August 1991 and the seizure of major energy and munitions industries in the Soviet Union. Those resources would subsequently be turned over to international bankers and corporations. On November 1, 2001, the second operative in the Bush regime, President George W. Bush, issued Executive Order 13233 on the basis of “national security” and concealed the records of past presidents, especially his father’s spurious activities during 1990 and 1991. Consequently, those records are no longer accessible to the public. [1] The Russian coup plot was discussed in June 1991 when Yeltsin visited with Bush in conjunction with his visit to the United States. On that same visit, Yeltsin met discreetly with Gerald Corrigan, the chairman of the New York Federal Reserve. [2]
Read more at: https://decryptedmatrix.com/bushs-project-hammer/
http://the-wholetruth.us/project-hammer-deep-black-lies-corruption-in-high-places/
https://rense.com/general20/proj.htm
Washington’s Benevolent Mask is Slipping
By Paul Craig Roberts
March 08, 2017 “Information Clearing House” – The few weeks of Trump’s presidency suffice to make clear that there will be no change this time either. Normal relations with Russia are on the back burner, if not off the stove. The material needs of the military/security complex for an enemy in order to justify its budget and police state powers, and the ideological needs of the neoconservatives for US world hegemony, are deemed to be more important than trust between thermo-nuclear powers. As for the liberal/progressive/left, they regard working to preserve life on earth as merely a pretext for being soft on Russians and those who commit treason by favoring friendly relations with Russia.
Read full article: https://counterinformation.wordpress.com/2017/03/08/washingtons-benevolent-mask-is-disintegrating/
How the US Uses War to Protect the Dollar
Posted: April 13, 2017 in Hidden history
How The American Neoconservatives Destroyed Mankind’s Hopes For Peace
— Paul Craig Roberts
“…The corrupt Clintons, for whom the accumulation of riches seems to be their main purpose in life, violated the assurances given by the United States that had ended the Cold War. The two puppet presidents—George W. Bush and Obama—who followed the Clintons lost control of the US government to the neocons, who promptly restarted the Cold War, believing in their hubris and arrogance that History has chosen the US to exercise hegemony over the world.
Thus was mankind’s chance for peace lost along with America’s leadership of the world. Under neocon influence, the United States government threw away its soft power and its ability to lead the world into a harmonious existance over which American influence would have prevailed.
Instead the neocons threatened the world with coercion and violence, attacking eight countries and fomenting “color revolutions” in former Soviet republics.”
Read full article at: http://www.paulcraigroberts.org/2016/04/18/how-the-american-neoconservatives-destroyed-mankinds-hopes-for-peace-paul-craig-roberts-2/
Financial Inequality
The gulf between rich and poor has grown so wide that it now poses a direct threat to our increasingly fragile democracy. That’s why Thomas Jefferson said:
If the American people ever allow private banks to control the issue of our currency, first by inflation, then by deflation, the banks and the corporations that will grow up will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing of money should be taken from the banks and restored to the people, to whom it properly belongs.
Free people cannot control their own destiny unless they control their own currency. The Federal Reserve must be abolished.
“Central banks can issue currency [i.e., create money out of nothing], a non-interest-bearing claim on the government, effectively without limit. They can discount loans and other assets of banks or other private depository institutions, thereby converting potentially illiquid private assets into riskless claims on the government in the form of deposits at the central bank.
[When he speaks of “discounting loans,” he is talking about loans that may be in default, e.g., the borrower may be broke and the loan may be worthless. In this case, the Fed may purchase the loan for less than its face value, i.e., “discount” it, and pay for it, again, with money that the Fed creates. Further, the Fed may create money, in Mr. Greenspan’s words, “without limit.” The “other assets” may be anything, e.g., real estate that a bank has purchased].
That all of these claims on government are readily accepted reflects the fact that a government cannot become insolvent with respect to obligations in its own currency. A fiat money system, like the ones we have today, can produce such claims [dollars] without limit. [i.e., create an unlimited amount of money out of nothing. It is significant that Mr. Greenspan repeats over and over that the Fed may create money without limit.]
To be sure, if a central bank produces too many [i.e., if it creates too much money], inflation will inexorably rise as will interest rates, and economic activity will inevitably be constrained by the misallocation of resources induced by inflation. If it produces too few, the economy’s expansion also will presumably be constrained by a shortage of the necessary lubricant for transactions. Authorities must struggle continuously to find the proper balance.”
Extract from a speech given by Alan Greenspan, former Chairman of the Federal Reserve, at the Catholic University, Leuven, Belgium. January 14th 1997, with comments by Larry Parks, http://www.gold-eagle.com/gold_digest/milhouse831.html
Judge Anna Von Reitz
The Fruits of Endless War — How Insurance Fraud Funds “Your” Government(s)
The Chicago Plan Revisited
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan:
(1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money.
(2) Complete elimination of bank runs.
(3) Dramatic reduction of the (net) public debt.
(4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher’s claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
Series:
Working Paper No. 12/202
Subject:
Bank credit Banking systems Business cycles Economic models Government debt Monetary policy Monetary systems Money supply
English
Publication Date:
August 1, 2012
ISBN/ISSN:
9781475505528/1018-5941
Stock No:
WPIEA2012202
Format:
Paper
Pages:
71
Please address any questions about this title to publications@imf.org
Source: https://www.imf.org/en/Publications/WP/Issues/2016/12/31/The-Chicago-Plan-Revisited-26178
The following is where the fiat currency started that’s now plaguing us:
Glass–Steagall Act of 1932
The first “Glass–Steagall Act” was a law passed by the United States Congress on February 27, 1932, prior to the inclusion of more comprehensive measures in the Banking Act of 1933, which is now more commonly known as the Glass-Steagall Act. It was the first time that currency (non-specie, paper currency etc.) was permitted to be allocated for the Federal Reserve System. It was passed in an effort to stop deflation and expanded the Federal Reserve‘s ability to offer loans to member banks (rediscounts) on more types of assets such as government bonds as well as commercial paper.[1]
The “Glass–Steagall Act” is not the official title of the law; it is a colloquialism that refers to its legislative sponsors, Carter Glass, a US Senator from Virginia and Henry B. Steagall, the Congressman from Alabama’s 3rd congressional district. The official title was “An Act to Improve the Facilities of the Federal Reserve System for the Service of Commerce, Industry, & Agriculture, to Provide Means for Meeting the Needs of Member Banks in Exceptional Circumstances, & for Other Purposes”.[2]
Read further at: https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act_of_1932
International Tribunal for Natural Justice [ITNJ]
The Source Documents are important legislation, speeches, definitions, and events that are the foundation for understanding how a private corporation took over the government of the United States without telling the people.
Important Legislation, Speeches, Definitions and events for future study.
1789, Judiciary Act;
1794, The Jay Treaty; November 19, 1794
1795, 11th Amendment
1798, An Act Respecting Alien Enemies
1827, Ramsey v. Alegra, Supreme Court decision,, Waiver and Consent
1832, JACKSON PROCLAMATION REGARDING NULLIFICATION
1863, Leibor Code, General Order 100 –
1866, Civil Rights Act
1867, RECONSTRUCTION ACTS
1868, July 8 – EXPATRIATION ACT –
1868, 14th AMENDMENT
1871, ACT OF 1871
1902, Dick Act – Passed in 1903 as Public Law #33
1913, Federal Reserve Act
1917, Lindberg speech
1917, Trading with the Enemy Act
1920, Suits in Admiralty Act
1924, District Court decision – CATRONA 297 Fed.Supp. p. 827
1925, Public Vessels Act
1925, Administrative Procedures Codification
1928, government gave 61 billion in gold bullion to the Federal Reserve
1929, government gave 51 billion in gold bullion to the Federal Reserve
1929, stock market crash.
1930, another 13 billion given to the Federal Reserve
1932, Congressmen Louis Thomas McFadden Speech to Congress
1933, Amandatory Act, HJR 192, also known as the Banking Relief Act
1934, Trading With the Enemy Act
1934, Executive Order created the OMB, DOJ, and Postal Service
1935, Social Security Act Title 5, sec 501, 502
1938, Foreign Agents Registration Act
1940, Alien Registration Act
1941, War Powers Act – First War Powers Act
1945, INTERNATIONAL ORGANIZATION IMMUNITIES ACT
1946, Administrative Procedures Act – 60 Stat 247
1947, NATIONAL SECURITY ACT
1947, Taft Hartley Act
1957, Georgia General Assembly Joint Resolution
1966, Law, Equity, and the 57 Rules of Admiralty merged in Rules of Civil Procedure
1976, Foreign Sovereign Immunities Act (FSIA)
1978, Inspector General’s Act
1980, Constitution Of The United Nations Industrial Development Organization
1983, executive order 12425
1983, Credit River Decision
1998, Foreign Affairs Reform and Restructuring Act
Other important information to know:
Talmudic Law of Kol Nidre
1666, CESTUI QUE VIE ACT
Federal Rules of Civil Procedure, Rule 4 (j)
18 USC 1418
UCC 1-201
28 USC 1343
28 USC 1350
Title 11, Sec. 109
Title 26, Sec. 6305
Title 28, Sec. 1333
Title 46, 781 and 782
18 U.S. Code § 219
Title 10, Section 7355
Title 22 CFR Foreign Relations, Sec. 92.12 – 92.30
USC Title 8, sec. 1481
Title 22 CFR, Ch. 11, Sec 611
Title 31 CFR 353 and 363
Title 26 USC 7343
LAW OF AGENCY
CAFR ACCOUNT
CRIS ACCOUNT
CUSIP ACCOUNT
Source: https://www.itnj.org/knowledge-base/resources/itnj-peoples-law-library/
More Educational Reads
John Maynard Keynes Economic Consequences of the Peace, 1920
http://politicalvelcraft.org/2016/02/02/stimulate-this-the-perversion-of-keynesianism/
BEFORE THE 2010 GENERAL ASSEMBLY OF THE WORLD FEDERATION OF EXCHANGES
Banking Scam: http://ecclesia.org/forum/uploads/bondservant/BankingScam.pdf
biggest financial story in the world today is not Fed policy or emerging-market debt. The biggest story is the global dollar shortage.
https://sentinelblog.com/2017/02/26/the-biggest-financial-story-in-the-world-today/
Giftoftruth Southern Africa 