The Hidden Truth about US Financial Problems - video & article
[EMAIL PROTECTED]
Video: Creature From Jekyll Island A Second Look at the Federal
Reserve
http://video.google.com/videoplay?docid=6507136891691870450
BAILOUTS: THE WOUND THAT WILL KEEP ON HEMORRHAGING
PART 1 of 2
By: Devvy
September 25, 2008
© 2008 - NewsWithViews.com
"No one knows what to do. We are in new territory here. This is a
different game. We're not here playing soccer, basketball or
football, this is a new game and we're going to have to figure out
how to do it." Sen. Harry Reid [D-NV], September 17, 2008
It is exactly that level of ignorance in the U.S. Congress for
decades that has brought America to the brink of financial ruin.
William Greider, author of Secrets of the Temple, said the same thing
during his testimony, House Banking Committee, October 7, 1993:
"Otherwise confident and intelligent people including members of
Congress - defer to the Fed's wisdom mainly because they do not
understand it....The only players who are left out of this
conversation are the American people and, to a large extent their
elected representatives. Instead, they are provided a frustrating
stream of evasive euphemisms and opaque jargon and platitudinous
generalities and, sometimes, even downright deception. As more than
one Federal Reserve governor confided to me, it would be very
difficult - perhaps impossible - for the Fed to have an honest
discussion of monetary policy with Congress or the public because the
level of ignorance is so profound."
Clearly, we have made huge strides in educating our fellow Americans
about fiat currency and sound monetary policy, but without real
newspapers in this country, most Americans don't know the truth. It's
also crystal clear that members of Congress, with few exceptions, are
clue less. I think it's safe to say that many of those who do know,
don't have the courage to go up against the most powerful money
cartels in the world; the rest are simply crooks who profit from a
corrupted monetary system. Over the decades, Congress has been
perfectly willing to forfeit their authority, violate their oath of
office and the supreme law of the land as Robert Reich, former
Secretary of Labor under Bill Clinton, pointed out in USA TODAY,
January 7, 1999:
"The dirty little secret is that both houses of Congress have become
irrevelant...In case you hadn't noticed, America's domestic policy is
being run by Alan Greenspan and the Federal Reserve Board...Congress
is out of the loop. Every so often, some senators or House members
politely ask Greenspan to visit and talk about the economy. He
obliges by riding up to the Hill and muttering convoluted sentences
that no two people interpret in quite the same way. Then he goes back
down to the Fed and runs the country."
Not long after the unconstitutional Federal Reserve Act was passed
and our country was turned over to a cabal of the rich and
privileged, there were congressmen who railed against this massive
fraud and swindle. Louis McFadden was one of the champions of
exposing what happened by the passage of that act. On May 23, 1933,
McFadden launched an indictment against the robbers called banker
barons:
"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....
"The Federal Reserve Bank destroyed our old and characteristic way of
doing business. It discriminated against our 1-name commercial paper,
the finest in the world, and it set up the antiquated 2-name paper,
which is the present curse of this Country and which wrecked every
country which has ever given it scope; it fastened down upon the
Country the very tyranny from which the framers of the Constitution
sough to save us....
"As Agents of the foreign central banks the Fed try by every means in
their power to reduce our favorable balance of trade. They act for
their foreign principal and they accept fees from foreigners for
acting against the best interests of these United States."
In my last column, I warned we the people would be forced to
sacrifice the fruits of our labors to foreign banks -- just as
Congressman McFadden said in his indictment. I told you so:
September 24, 2008: Fed plows $30 BILLION into money markets
overseas. "WASHINGTON — The Federal Reserve, in coordinated action
with foreign central banks, plowed $30 billion into money markets
overseas Wednesday, part of an ongoing effort to fight a global
credit crisis...The Group of Seven countries said they welcomed the
extraordinary steps by the United States to stem the crisis,
including a plan for the Treasury Department to buy $700 billion in
bad mortgages and other toxic assets held by banks and other
financial institutions. Those dodgy debts are at the heart of the
crisis. Besides the United States, the Group of Seven is made up of
Japan, Germany, France, Britain, Italy and Canada."
Of course, this "news" item never mentions the core issue of the
problem, only more Band Aids and rape of the people's pocket books.
As masters of word smith and propaganda, the privately owned FED
cartel of bankers publishes numerous booklets to legitimize their
existence.
This nifty, full color publication was put out by the Federal Reserve
of Boston in August, 1990. This marvelous example of clever wording
actually gives the reader some glimpse into the plan which turned
into the greatest swindle in the history of the world, pg 30: "They
made it clear they wanted the Aldrich plan, with one central bank
generally controlled by bankers and generally independent of
government regulation." However, unless someone has read one of the
most authoritative and fully documented works, Creature from Jekyll
Island, and The Coming Battle, they won't understand the dry words on
these pages and how they conceal a monstrous plan to loot and plunder
the people's treasury.
(Video: Creature From Jekyll Island A Second Look at the Federal
Reserve
http://video.google.com/videoplay?docid=6507136891691870450 )
This is one of my favorites from the Graduate School of Business,
Indiana University for the St. Louis Fed. What this sterling little
work doesn't tell the reader is the real truth behind the Aldrich
Plan "covered" on pages 4-6. While many believe Wilson later
regretted his signature on the bottom line of the legislation
creating this monster, according to John Milton Cooper, professor of
history at the University of Wisconsin, author of several books on
Woodrow Wilson, in an email to columnist, Andrew Leonard, "I can tell
you categorically that this is not a statement of regret for having
created the Federal Reserve. Wilson never had any regrets for having
done that. It was an accomplishment in which he took great pride."
Why would Wilson regret it? He wasn't stupid. Wilson knew what he was
doing. He was a player. In an effort to inculcate the propaganda of
the Fed and the wonder of fiat currency into the minds of all
Americans, the Federal Reserve also distributes comic books for kids;
see selection here.
Of course, like today, the passage of the Federal Reserve Act was one
of greed. Some things never change:
"Mr. President, I deeply feel my recent affiliation with the big
business interests of the country, and I appreciate the complete
reform of the Republican Senators, who have had for years the
opportunity of giving this country relief against big business and
have never done it, and who have not only been affiliated with big
business, but have been receiving campaign funds ad libitum from
those very interests." Sen. Robert L. Owen, Congressional Record -
Senate, December 23, 1913, page 1472
Owen's mea culpa was short lived as we see on page 1473: "Senator
Robert L. Owen, chairman of the Senate Committee on Banking and
Currency, last night confirmed a report that he is to be a large
stockholder in a national bank now being organized in St. Louis." The
senator from Mississippi, Bristow continues, "In closing I desire to
say that this bill contains a concentration of power that has never
been lodged in any Federal officer since the Government was
established. It puts in the hands of the Secretary of Treasury and
his subordinate officer, the Comptroller of the Currency, a power
over the banking and currency affairs of this Nation greater than has
ever been held by any man in the history of any civilized nation over
the banking and currency of that nation."
This latest bail out will take the treachery to the final end with 32
words:
"Decisions by the Secretary pursuant to the authority of this Act are
non-reviewable and committed to agency discretion, and may not be
reviewed by any court of law or any administrative agency.
"In short, the so-called "mother of all bailouts," which will
transfer $700 billion taxpayer dollars to purchase the distressed
assets of several failed financial institutions, will be conducted in
a manner unchallengeable by courts and ungovernable by the People's
duly sworn representatives. All decision-making power will be
consolidated into the Executive Branch - who, we remind you, will
have the incentive to act upon this privilege as quickly as possible,
before they leave office. The measure will run up the budget deficit
by a significant amount, with no guarantee of recouping the outlay,
and no fundamental means of holding those who fail to do so
accountable."[1]
Many years ago, another brave member of Congress had this to say:
"Now, take the Panama Canal bonds. They amounted to a little less
than $50,000,000 - $49,500,000. By the time they are paid the
government will have paid $75,000,000 in interest in bonds of less
than $50,000,000. So the government is paying out $125,000,000 to
obtain the use of $49,500,000. That is the way it has worked all
along...
"Now, I believe the system should be changed. The Constitution of the
United States does not give the banks the power to create money. The
Constitution says that Congress shall have the power to create money,
but now under our system we will sell bonds to commercial banks and
obtain credit from those banks. We do not receive money for the bonds...
"I believe the time will come when people will demand that this be
changed. I believe the time will come in this country when they will
actually blame you and me and everyone else connected with this
Congress to sit idly by and permit such an idiotic system to
continue. I have talked to the Secretary of the Treasury and members
of the Federal Reserve Board and other people who are supposed to
know about the money system of our country. They know this can be
done easily and conveniently, and it will save money; but their one
reply is, "It will have a bad psychological effect." Well, I do not
think it would have a bad psychological effect to save the people 50
per cent of their national debt. I do not think it would have a bad
psychological effect to save the people over a billion dollars a year
in interest. I do not think it would. It certainly would have a bad
effect on the people who are collecting interest on the Government's
money." Congressman Wright Patman, Congressional Record, September
29, 1941, pgs 7582, 7583
The fools in Congress handed over the Panama Canal to a banana
republic with the communist Chinese running the show. While the labor
and sweat of the American people was simply thrown aside, we the
people were left with more debt.[2] For part two click below.
Click here for part -----> 2,
Footnotes:
1 - Dirty Little Secret of the Bail Out
2 - Transfer of Power
------------------------------------------------------------------------
------------------
Call your Rep and your 2 Senators and tell them to vote NO on the
bailout bill! If it will be passed, it must include Sander's
proposed amendment. Read the short amendment and sign the petition at
http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1
They need to hear from us IMMEDIATELY.
Messages can be left on their answering machines if after hours.
If you don't know their numbers, call the Capitol Switchboard
and give their names or your zip code.
Capitol Switchboard at:
(202) 224-3121
1-800-828-0498
1-800-459-1887
1-800-614-2803
This link will send an email to your representative. You can edit the
message to include the solutions suggested by Sanders and
Kucinich. http://www.votenobailout.org/
-------------------------------------------------
H.R. 2755: Federal Reserve Board Abolition Act (GovTrack.us)
Ron Paul's Federal Reserve Abolition Act - HR 2755 - Bravo!
Looking for simple solutions to your real-life financial challenges?
Check out WalletPop for the latest news and information, tips and
calculators.
