Federal Reserve, Planned Failure of the US Economy, Fiat Currency is not an accident
By ” ThatHawaiiGuy” on I-Hub.
I vote for silver.
Last year I wrote there will be no containment.
This year I will write there will be no rapid resolution; NONE, this is a slow motion train wreck…or, if you like: a big fat but slow moving bear with an insatiable appetite.
Alt-A still hasn’t kicked in and we aren’t even done with subprime…prime “ain’t looking too good” either and commercial real estate loans and values are just starting to feel the pinch. Then there is credit card debt and and private equity…all looking very, very grim.
The cycle is just beginning to feed on itself. The bozos who say it’s almost over are lying and they know they are lying but they don’t want the sheep to panic.
Jim Rogers told us to short financials last year…in fact as early as 2005…he is a hell of a lot wealthier today than he was Friday.
The list of dead men walking is pretty long. WaMu has only a few weeks if not days left to live…the fed is going to rev the presses up here soon as 100′s if not 1000′s of banks go under. Not to mention insurance companies like AIG and other corporations.
Real Estate was just the tip of the economic rot, the card that fluttered and brought the whole house down…but there are plenty more rotten cards in the house, to mix metaphors.
What is happening now isn’t the worst crisis since the depression it’s the worst crisis this country has ever known and the antique media can’t call a spade a spade nor blame the bastards responsible much less hold them accountable. No one asks how could this happen? Who is responsible? Certainly no one asks “Cui bono?” Because there are those who are making HUGE profits of this contrived mess.
Consider a the few quotes below, this “crisis” is about 80 years in the making…slow by slow, part by part, made by enemies of this nation who could not stand to have any nation on earth that was a self governing, free market society born in liberty and equity. From constitution to manufacturing to sound money to basic moral decency this nation has been dismantled part by part, a mere shadow of the country into which I was born: our constitution: subverted, our electoral process: compromised, manufacturing: utterly destroyed, currency: debased, “torture” on our lips but on going and not stopped.
Economic collapse will bring PAIN and from that pain we will emerge stronger assuming we can rouse the masses from their slumber. The bail outs are starting to piss even the most docile sheep off as they realize they are being penalized for errors that they did not create.
“Some people think the Federal Reserve Banks are US government institutions They are not… they are private credit monopolies which prey upon the people of the US. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will”. -Congressman Charles McFadden, Chairman, House Banking and Currency Committee, June 10, 1932
“This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.” -Robert Hemphill, Credit manager of Federal Reserve Bank in Atlanta.
“Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime”. - G. Edward Griffin, historian and author of “The Creature From Jekyll Island”
“The Founding Fathers of this great land had no difficulty whatsoever understanding the agenda of bankers, and they frequently referred to them and their kind as, quote, ‘friends of paper money. They hated the Bank of England, in particular, and felt that even were we successful in winning our independence from England and King George, we could never truly be a nation of freemen, unless we had an honest money system. Through ignorance, but moreover, because of apathy, a small, but wealthy, clique of power brokers have robbed us of our Rights and Liberties, and we are being raped of our wealth. We are paying the price for the near-comatose levels of complacency by our parents, and only God knows what might become of our children, should we not work diligently to shake this country from its slumber! Many a nation has lost its freedom at the end of a gun barrel, but here in America, we just decided to hand it over voluntarily. Worse yet, we paid for the tyranny and usurpation out of our own pockets with “voluntary” tax contributions and the use of a debt-laden fiat currency!”. -Peter Kershaw, author of the 1994 booklet “Economic Solutions”
“The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements….The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States….The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.”
Rep. Louis McFadden – (Chairman of the House Committee on Banking and Currency) quoted in the New York Times (June 1930)
“(The Great Depression resulting from the Stock Market crash) was not accidental. It was a carefully contrived occurrence….The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.”
Rep. McFadden testified in Congress (1933). There were at least two attempts on his life by gunfire. He died of suspected poisoning after attending a banquet.
These statements were made during hearings of the House Committee on Banking and Currency, September 30, 1941.
Members of the Federal Reserve Board call themselves “Governors”. Governor Eccles was Chairman of the Federal Reserve Board at the time of these hearings.
Congressman Patman: “How did you get the money to buy those two billion dollars worth of Government securities in 1933?”
Governor Eccles: “Out of the right to issue credit money.”
Patman: “And there is nothing behind it, is there, except our Government’s credit?”
Eccles: “That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”
Congressman Fletcher: “Chairman Eccles, when do you think there is a possibility of returning to a free and open market, instead of this pegged and artificially controlled financial market we now have?”
Governor Eccles: “Never, not in your lifetime or mine.”
“In politics, nothing happens by accident. If it happens, it was planned that way”.
- Franklin D. Roosevelt
“The real rulers in Washington are invisible and exercise power from behind the scenes.”
-Felix Frankfurter, United States Supreme Court Justice
“The American people will never knowingly adopt socialism. But, under the name of “liberalism”, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened”.- Norman Thomas, for many years the U.S. Socialist Party presidential candidate
“I have never seen more Senators express discontent with their jobs … we have been accomplices to doing something terrible and unforgivable to this wonderful country… we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected”. -John Danforth, Republican Senator from Missouri, in an interview in The Arizona Republic on April 22, 1992
If you read those quotes carefully and note the dates you can easily see this “crisis” has been contrived and many have tried to warn us over the years…the big frims going bankrupt are not hurting their CEO’s or officers most of whom are leaving with MILLIONS. They played their parts and are handsomely rewarded.
In other words, it wasn’t private property and freedom that brought down the American Empire, but their opposite: an expanding government armed with a printing press. Seen this way, the fix is simple: A return to Constitutional ideals of limited government and sound money. Convincing a voting majority of this will be a long, sometimes depressing process. But considering the alternative, there’s not much choice.