The Federal Reserve Marches On


After today's news that the Federal Reserve will "loan" insurance conglomerate AIG $85 billion, I feel horrified but hardly surprised.... The Federal Reserve is currently taking full advantage of Wall Street's failures and, in so doing, succeeding wildly at fulfilling its covert mission: to empty the pockets of the American taxpayer.


The ongoing debates over who bears responsibility for the current economic crisis misses the mark entirely. Republicans? Democrats? Private investment bankers? One can easily find complicity among all these factions. But the true problem is the Federal Reserve itself. A shocking gap exists in the consciousness of the American populace. Most have no idea what the Federal Reserve does, much less how it came to be. Those who do have a basic concept of its workings generally live under the grand and intentionally propagated delusion that the Fed is a legitimate agency of the United States government. Which it is not. It is a private institution created by private individuals to reap private wealth.

The Reader's Digest version? A cartel of very wealthy American and European men, most of them bankers, met secretly in 1910 to develop a scam for bilking Americans out of limitless amounts of money. The strategy? 1) Convince the federal government that it needed a private central bank as a lender and guarantor, and 2) Move the U.S. from the gold standard to fiat money. The cartel achieved both of these aims in extremely underhanded, even illegal ways. You heard me, illegal. Let me add unconstitutional. If certain of our founding fathers could see the situation to which we have now been reduced, they would spin in their graves. It is their worst nightmare. Upon the establishment of a similar institution, the U.S. Bank, in the early days of our nation, Thomas Jefferson wrote emphatically: "A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army." It took us years to wise up and a fierce battle to get free, but Andrew Jackson finally achieved it. Apparently we did not learn our lesson. What short memories we have. The Federal Reserve is, in fact, the fourth private central bank with which this country has foolishly become entangled.

Once it had achieved its two primary aims, the cartel (now known as the Federal Reserve) literally carted away all of America's true wealth. The precise location of our gold is no longer even known. The only thing of which we can be certain is that it's no longer at Fort Knox. The Fed then strategically undertook an ongoing process of manipulating and undermining the American economy to its own advantage by whatever means possible--and it uses several different approaches.

So let us be exceedingly clear: The Federal Reserve is not the friend of the American people, no matter what it or any complicit politician may tell you. The cartel of private bankers that created it did not do so to protect or help you or me. That is only the lie they continue to tell. The true purpose of the Federal Reserve Bank is to financially benefit its own stakeholders--a definitive list of which remains a carefully guarded secret and on which neither my name nor yours appears. All the nonsense in the news these days--"Where is the Fed? Where was the Fed?! How could the Fed behave this way?" Please... My friends, in its response and relationship to the sub-prime mortgage crisis, the Fed was exactly where it has always been: dipping into your pocket and mine while it smiles and says it's for our own good. Rescuing Bear Stearns and Freddie Mac and Fannie Mae and AIG and all the others--these decisions simply provide a way for the savvy Fed to buy debt without risk. They don't pay. They don't have to. We do. That's the plan.

Raising interest rates? Lowering interest rates? ...Two more ways for the Fed to manipulate the economy in their favor. That we sit around holding our breath in anticipation of any move the Fed makes, hoping that they will help us out in some way and make our lives easier, is a national embarrassment.

Here's another little secret no one at the Fed or in the government wants you to know. Not a penny of the federal income tax you and I pay goes to fund any government program. It doesn't get reapportioned equally to you and me in the form of services. It doesn't fund public health initiatives, education, social programs, or the maintenance and upgrade of infrastructure. If you don't believe me, check. Instead, our income tax, all of it, goes straight to the Federal Reserve Bank to pay interest on the loans we have devastatingly come to owe these wolves in sheep's clothing. That amounts to an unapportioned tax, making it unconstitutional. Just another part of the cartel's scam.

Can things change? Not until we finally screw our heads back on and insist on the permanent dissolution of the Federal Reserve. Otherwise, expect the current games to continue. Boom or bust, the Fed makes money either way. And we lose.

If you are not yet familiar with this subject or have only passing familiarity, I would strongly encourage you to seek out the following resources:

The Creature from Jekyll Island: A Second Look at the Federal Reserve, G. Edward Griffin (West Lake Village, CA: American Media, 1994).

No better source exists for the layman to learn the ins and outs of the Federal Reserve and related institutions like the International Monetary Fund, or IMF, and the World Bank. Griffin enables the reader to understand the formation and history of these institutions, their hidden goals, the strategies they use, and the implications for those at their mercy. It reads like a mystery novel--seriously, a real page-turner. You'll find it difficult to put down.

America: Freedom to Fascism (Director: Aaron Russo, 2006)

Aaron Russo covers a tremendous amount of ground in this recent film. Interviewing politicians, jury members in tax cases, and former IRS employees, he compellingly exposes the truth of the Federal Reserve and the unconstitutionality of our current income tax. Moreover, he demonstrates the link between these issues and the loss of our civil liberties. 

The Money Masters also provides excellent and thorough information about the history of the Federal Reserve and what we can expect if it continues in operation. Video at this link:

http://video.google.com/videoplay?docid=-515319560256183936&q=the+money+masters&total=1028&start=0&num=10&so=0&type=search&plindex=0


Posted: Wednesday - September 17, 2008 at 10:31 PM          

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