THE FOUNDING FATHERS: MYTH ASIDE, THIS IS A VISION GONE WRONG! – Part III: End The Fed

It is the duty of the Patriot to protect his country from his government. – Thomas Paine

artwork: Thomas Paine (1737 – 1809), oil painting by en:Auguste Millière (1880), after an engraving by William Sharp, after a portrait by George Romney (1792). 16 x 12 inches (406 x 305 mm). National Portrait Gallery, London

In general, the art of government consists of taking as much money as possible from one class of citizens to give to another. – Voltaire

In his veto message to rescind the Second Bank of the United States federal charter Andrew Jackson listed the following reasons:

  • It concentrated the nation’s financial strength in a single institution.
  • It exposed the government to control by foreign interests.
  • It served mainly to make the rich richer.
  • It exercised too much control over members of Congress.
  • It favored northeastern states over southern and western states.

In general Jackson felt the Bank improved the fortunes of an “elite circle” at the expense of farmers and laborers… Same as it ever was.  After a titanic struggle, Jackson succeeded in destroying the Bank.

Today we live in a world where the sovereignty of the most powerful country in history no longer maters.  And globalization, a trend that could enrich all of the earths inhabitants, is captured by a tyrannical corporatocracy.  Social, economic and environmental responsibility be damned.   These sociopaths seek domination, manifest through the continual pursuit of mitigated production costs, wage repression, the transfer of public assets to private hands and the coup de grace of subjugation – a pyramid of debt.

Actual control of geography (unless strategic) is not as important as the annexation of  economic opportunity, and individual sovereignty; freedom.  – THE FOUNDING FATHERS PART ONE

At the center of the largest, and continuing, transfer of wealth man has ever known are the elite bankers and their proxies, the Worlds Central Banks and in particular the privately held Federal Reserve Bank, THE FED.  – Inflection Point

“The Founding Fathers… Part III – End The Fed” is a follow up to:

THE FOUNDING FATHERS: MYTH ASIDE, THIS IS A VISION GONE WRONG – Part One: WAKE UP AMERICA

 

END THE FED

“It is well enough that people of our nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before morning.” Henry Ford, 1930

 

Money Is Dept

With the passage of the Federal Reserve Act of 1913 Congress effectively delegated it’s sovereign power to create money, to the Federal Reserve system, and private financial industry.  The fact that our money is created out of thin air (fiat) is mind boggling but that’s not the worst of it.  It is created as debt with interest owed to the Federal Reserve, a private corporation owned by member banks; a Cabal.  Never mind our constitution is clear in it’s direction, that the nations currency is to be issued by the government.

Now consider this; if the money is debt, created out of thin air, at interest, where does the money come from to pay the interest?  That’s right; more fiat money must be created to pay the interest and default is built in to the system.  It is by design a classic PONZI scheme.

Money is loaned into existence and defaulted out of existence. – James Howard Kunstler

When an American defaults on physical property the bank, who created the loan with money they did not posses, takes control of the property…at least that’s how it worked before securitization (now it goes to those who have claim to it).  In good times that means the creditor has secured a down payment, earned interest while the loan was being serviced and they acquire the asset – usually at a value greater than is owed.  It’s a win win, if only just for the banks.  In a down economy the creditor may take a loss and when those losses look to be significant they force them on to others through bail outs.

See  “The BIG Reason WhyYou Should Look At 9/11″  in the “Don’t Tread On Me” piece:  A Decade of Denial and Deception

Through the fractional reserve system banks themselves create money when they write a loan, supposedly holding a fraction (10%) of the loaned money they create in reserve.  This creates a multiplier effect within the original Ponzi scheme.

In the first video below follow the links at the end of the clip.

Part 2 http://www.youtube.com/watch?v=lBZne0…

See more about fiat money, the FED and It’s extraordinary efforts to prop up it’s member banks here: Congress Cuts Annual Budget By $39 Billion As Bernanke Issues $100 Billion A Month Through POMO

Jefferson and the founding fathers knew all to well the pitfalls of allowing private interest to issue our currency.

The Central Bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution… If the American people allow private banks to control the issuance of their currency, first by inflation, then by deflation the banks and corporations that grow up around them will deprive the people of all their property, until their children will wake up homeless on the continent their Fathers conquered. – Thomas Jefferson

 After the financial collapse of 2008-2009 Allan Greenspan and Ben Bernanke claimed they did not see it coming.  However, after the dot com PONZI burst the government and the fed perused policies  creating record low interest rates, increasing loans with lower qualification standards and higher risks.  New methods of securitization allowed the loans to be packaged and resold; providing funds for more loans thus creating a commission structure focused on the here and now.   As the loans were sold the risks were passed on.  The system was a Petri dish for fraud, begging for abuse.

 

A Banksters Wet Dream

The financial crisis in three paragraphs; simplified

1. In a fantasized ever rising housing market the financial crisis was predicated on banks loaning money they did not have to people they knew could not pay it back.  The banks then sold the loans to Wall Street or packaged the toxic mortgages themselves into mortgage backed securities; said to be as good as gold (triple A ratings from complicit ratings agencies; S&P, Moody’s, Fitch) and sold them to pension funds, sovereign countries, states, municipalities, and universities hungry for yield.  Passing the bad assets (toxic mortgages) off generated tremendous fees and provided more fiat money to loan to more unqualified home buyers.  This was a Ponzi on a Ponzi; a Banksters wet dream.

2. Building on this insidious venture the ‘upstanding’ bankers bet against (went short) the bogus securities sold to their clients.  To top off the scheme they purchased credit default swaps CDS (insurance against default) on the very same clients and others. The difference between a CDS and insurance is they’re unregulated, they are privately traded and anyone can purchase one, even those who have no direct interest in the loan being repaid.

See: The Purpose Behind Engineered Economic Collapse

3. By implication CDS bets were placed by the banksters on those known to be heavily invested in these toxic assets.  Some were competitors who believed in an ever rising housing market.  Thus Fanny and Freddy, who encouraged  the decline in mortgage underwriting standards, were swamped and AIG, who sold hundreds of billions in CDS ‘insurance’, didn’t have the assets to cover the defaults.  These swaps were behind the Fed’s bailout of AIG, essentially covering their Bankster owners and foreign crony’s at 100 cents on the dollar.  In this game; born of fraud and rigged by corruption, none of the gamblers lost, neither the house or those placing the bets.  By “default” the burden was placed on the American People.

To add insult to injury the banks are now practicing foreclosure fraud on the same scale as when they sold and packaged the original fraudulent mortgages.  See an interview with Matt Taibbi and read “Foreclosure Fraud – How to Gloss Over Perjury, Forgery, and; Fraud Upon An American Court and; Expect to Come Out Unjustly Enriched!”: Mortgage Fraud, Securities Fraud, Foreclosure Fraud; Federal Government Gone Wild!

 

Where Were The Regulators?

In the mid 1990’s Brooksley Born, chairperson of the CFTC attempting to protect the American people, tried to bring the expanding $600+ TRILLION (yes – Trillion) Over The Counter derivatives market including CDS (the downfall of AIG) under regulatory oversight.  Alan Greenspan said, “fraud could not exist in a free market” and shut her down.  He, along with Larry Summers and Robert Rubin; are the men directly responsible for dismantling regulations (i.e. Glass–Steagall) of the banking and financial industry.

Must see documentary: THE WARNING

And: THE COMMITTEE TO DEFRAUD THE WORLD 

In 2004 the FBI’s major crimes unit reported an epidemic of mortgage fraud.  The Fed, Justice Department and the SEC all knew what was happening and chose to do nothing.  Fed members including Geithner, Bernanke and Greenspan claim they did not know of the problem and did not foresee the crash.  And those Wall Street executives who led their companies and the nation to the abyss; rather than finding themselves in jail, you can find them in Sun Valley, Martha’s Vineyard and the Hamptons enjoying the millions they scammed.

Caught, but still free: above the law. – Matt Taibbi

See: William K. Black: The Two Documents Everyone Should Read

As the bad loans defaulted housing prices crashed, job losses mounted and revenues of states and municipalities plummeted.  Now the banks are back helping the states and municipalities ‘restructure’ their debts by selling public assets in a massive transfer of wealth to their corporate cohorts.  It is Crony Capitalism’s finest hour.

This form of unsustainable debt formation, austerity programs and transfer of public assets into private hands has been perfected by the World Bank, IMF and their bankster overlords over many years.  They’re simply duplicating the process right here at home.  See: “Empire and the New World Order of Debt Slave Economics” below.

 

JFK FED BUSTER?

In June of 1963, an attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest.  President Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve.

With the stroke of a pen, President Kennedy was on his way to putting the Federal Reserve Bank of New York out of business.  Five months later the President was assassinated and with his death so died the “Silver Certificate”.

 

Extend And Pretend

Since 2008 through their QE programs the Federal Reserve has issued approximately $110 Billion a month in an attempt to stave off deflation and prop up insolvent banks and their Wall Street Masters.

all the Fed is really doing is fattening the banking cartel with guaranteed profits (borrow from the Fed for free and then deposit the funds at the Fed for interest) and enabling another speculative frenzy which generates fees and profits for the banking cartel while the U.S. taxpayers play bagholder. – Charles Hugh Smith

In their effort boost profits and bonuses for an insolvent banking sector FED actions have pumped up equity and commodity prices too.  Make no mistake; despite the FED’s purchase of $2.8 trillion of toxic assets the banks are still in possession of trillions in toxic mortgage backed securities, credit default swaps and other questionable derivatives.  JP Morgan alone sits on top of an estimated $54 trillion in derivatives; an amount greater than Global GDP.  For this fact accounting rules were suspended in 2008 (FASB RULE 157) and replaced with fact to fantasy, more commonly referred to as extend and pretend.

See: Extend and Pretend: Insolvent Banks Continue to Hide the Truth.

Damages Done

According to David DeGraw at Amped Status

Almost every day there is more evidence of the outright corrupt actions of the Federal Reserve and their primary dealers on Wall Street. Their campaign of economic shock and awe is so overwhelming, there have been so many corrupt actions that it is hard to list them all, or even pick out which ones to highlight as the most egregious. Here are just a few off the top of my head…

  • Trillions of American taxpayer dollars were given, in secrecy, to the banks/people who were most responsible for causing the crisis in the first place.
  • After causing the crisis, they took our tax dollars and gave themselves all-time record-breaking bonuses.
  • They gave American taxpayer money to foreign banks and corporations, with billions going to places like Libya.
  • They funneled hundreds of millions of taxpayer dollars into to the Cayman Islands, robbing us some more by directly subsidizing tax evasion.
  • They also added to the deficit by lending American tax dollars to their primary dealer banks, so the banks could then lend that same money back to the government at higher interest rates, leading to significant profits for the banks, at the further expense of the American public.
  • Through bailout programs they gave sweetheart deals to their friends, which socialized any loses and privatized all the profits.
  • They aid and abet trillions of dollars in accounting fraud.
  • They routinely manipulate the stock market.
  • And now, to top it all off, they are deliberately causing inflation in food, gas and basic necessities, while devaluing the dollar.

All of this can be summed up by the fact that we now have the most severe inequality of wealth in American history. The Fed’s policies have strategically and deliberately impoverished tens of millions of people to enrich what amounts to a small group of global bankers. They have aided and abetted trillions of dollars in fraudulent activity. This is not a conspiracy theory! This is the unfortunate reality of our crisis. – Amped Status

Bankers: “Doing Gods Work.” -Lloyd Blankfein

Cartoon from: Looting Main Street

Again Thomas Jefferson understood the prophetic implications of allowing private interest to issue our currency.

“To preserve our independence we must not let our rulers load us with perpetual debt… I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared. – Thomas Jefferson

Anonymous launches a class action lawsuit against the FED.

 

 

MONETARY REFORM:

Bill Still, producer of “The Money Masters” and “The Secret of OZ” made opening remarks at the Bromsgrove, UK Monetary Reform Conference, Oct. 29, 2010.

The power to create national money is the most important power of a Sovereign Nation.  In fact it is the very definition of sovereignty.  Nations do not have to borrow.  Nations can create.  The problem is when a nation borrows from a bank, as proverb’s tells us; the borrower becomes servant to the lender.  That is not sovereignty!  So what is the result the nation becomes addicted to the loans and the banks then have power over it.  So you no longer have a sovereign democracy.  You have rule by banks.

Political science has coined a term for this; it’s called Plutocracy.  This is our primary problem with the economy of every nation today.

Our monetary system is rigged from the very first dollar to force us to take on more debt every year in excess of the debt AND interest accrued the year before. – Chris Duane

See:Charles Hugh Smith: Things Are Spinning Out of Control

Quantitative Easing; BREAD AND CIRCUSES FOR BANKSTERS = FAIL
David Stockman: The Fed Engineered Serial Bubble Is Destroying Prosperity

 

Empire and the New World Order of Debt Slave Economics.

Rather than putting boots on the ground, a more subtle legacy of American and European empire building is the rent extraction policies of the IMF and World Bank.   These organizations represent Transnational Banking institutions and corporations; the Cabal.  And a close look at the neoliberal use of Structural Adjustment Policies reveals there is nothing subtle about it.  Their overt Imperialist policies insure benefits for the few at the expense of the many: Tunisia provides a case in point

In effect, the IMF and World Bank demand that poor nations lower the standard of living of their people.  Here is what former chief economist of the World Bank; Joseph Stiglitz thinks of their policies.

Though half of the worlds poor live in resource rich countries these false ‘humanitarian’ institutions have banked much of them into submission through crushing debt and the transfer of public assets into private hands.  See: Memoria del saqueo (Social Genocide) – Argentina: A Cautionary Tale

Like Greece today; continued exploitation requires they now subjugate their own. The Greek people did not directly borrow the money.  Their banks and government did. The ECB and it’s member banks lent money to Greece, knowing it has been in default for most of its modern history.  They however, have refused to face the reality of free market capitalism and take losses.  Better they lend more and tighten the screws on the country.  So it’s the people who bare the brunt of restructured loans; bailouts.

Warning:

He that would make his own liberty secure must guard even his enemy from oppression; for if he violates this duty he establishes a precedent that will reach to himself. – Thomas Paine

 

SOVEREIGNTY: TAKING IT BACK:

The growing unrest sweeping the globe offers an important wide angle view to a rising phenomenon.  While events unfolding from Greece to Cairo to Madison, WI may seem totally unrelated, Inflection Point argues they are interrelated and the implications profound.  What started in Ireland, Italy, Britain and most of Europe then spread to North Africa and the Middle East, is a growing global rebellion against Neo-Liberal economic imperialism.  It is a rejection of the ruinous policies of globalized central banking.

Although it may not seem possible, the practices honed, over the years by the World Bank and IMF, constructs of Western Central Banks, have now stormed the beach heads of America.  In fact they have been conducting covert operations for years (See: The Looting of America), now it is out in the open for anyone willing to think and ask the right questions.

See: “Jasmine Revolution” – Madison Revolution – “THE JAZZMAN REVOLUTION”

Americans must realize the European Central Bank and IMF’s wholesale liquidation of Greece’s public assets and their imposition of Austerity programs is the same as our domestic Banksters who are circling heavily indebted states and municipalities nationwide. What’s happening in Greece is what’s happening in Wisconsin.  We are Greece, we are Egypt!

See: AMERICA: A “De-constructed Third World Nation-State” – International Banking Cartel Vs. The People

America is facing it’s most important time in our history.  While we should know the Banking Cabal and who they represent, we are behind the curve.   Their Insidious corporate propagandist feign an existential threat which drives a Public Financed War Machine for Profit.  When there’s war banks are the true winners; stealing our sovereignty and shackling the people with debt.  Additionally, the banksters have transferred their self inflicted losses on to the American people (bailouts and backstops and continued borrowing) as they continue to perpetrate fraud and snub the rule of law.  This is done with the complicity of ‘our’ bought and paid for ‘government representatives’.

It is only when humanity sees the utter failure of basing a society on the constant expansion of debt and death, can we build a society based on life, liberty and the pursuit of happiness.  – Chris Duane

http://www.youtube.com/watch?v=WUUwmLWN-Ag&feature=player_embedded

While a wave of awakening is sweeping the planet our insulation; the benefit of cheap energy and cheap money has keep us in the dark.  That is coming to an end.  Over the years we allowed a velvet revolution where Plutocratic corporatist gained control of our policy making apparatus.  They have supplanted democratic free market capitalism with a Fascist Regime that controls both parties, hates competitive free markets and freedom.

At the center of this transfer of power and control, thus the greatest threat to liberty, is the Federal Reserve Bank and International Banking Cabal.  While overseeing the greatest transfer of wealth in history, financial services have grown from an average of 14% of annual corporate profits to a recent 40%.  With this growth the banks essentially ceased to act as an intermediary, funding American business.  Rather now, they earn money trough fees and economic rents.  A once vital contributor, Banks under the direction of the Fed, are a drain on America’s economic engine.

The rest of the world is rebelling against Neo-Liberal economic imperialism and globalized central banking.  Austerity (Structural Adjustment Policies), cuts in Social Security, Socialized loses, diminished pensions… are all attributable to the banks failed policies and fraudulent business practices.  Americans consider themselves to be the most sophisticated progressive people in the world.  However “We The People”, have barely acknowledged the wholesale de-construction of our democratic, free market experiment.  As a cohesive force for good, we are clueless; sedate.

 

“The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.” Albert Einstein

We are nearing the single largest event in human history.   Our current debt structure assures an eventual collapse of the worlds reserve currency; the dollar and with it the global financial system.   We either reform the system and adopt a more sound constitutional, monetary system; returning the issuance of money to the government, interest free or face total chaos.  Either way, historic structural failures and profound challenges are in the cards.  Change is inevitable; we can attempt to direct it, mitigating hardships or have it thrust upon us assuring maximum carnage.

We must awaken to the fact, the governments legitimacy is contingent on our consent.  The quickest way to reestablish legal constitutional democracy is to stand together and demand wholesale restructuring of Americas financial system and a return of our economic sovereignty:
  • The Federal Reserve must be abolished and the issuance of money (interest free) must be returned to the government.
  • Fractional Reserve Banking abolished.
  • Ban Government Borrowing
  • We must break up the unholy alliance between big government and big banks.  And the TBTF banks must be broken up into manageable parts with a mandate for lending to American businesses.
  • Hold those who created the financial crises accountable, where still possible.
  • There must be campaign finance reform with corporate donations and PAC money outlawed.

“The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite.” – Thomas Jefferson

In the words of Colonel, Charles V. De Land, “This is not a question of party loyalty, but a great fundamental principle of freedom, justice and humanity, a tenet of truth, law and legal right which is sought to be tampered with, and down-trod.”

By severing the root of our economic and social problems we will be free to reestablish our constitutional democracy and free market capitalism.  As Thomas Pain said, “It is the duty of the Patriot to protect his country from his government.” Our leaders have failed to uphold constitution.  They have broken their social contract and thus, have lost the consent of the governed; “WE THE PEOPLE”.  To protect our liberty and the Union, every Patriot must physically take a stand against The Rule Of The Banks to reinstate a government of the people, by the people and for the people!


Watch for the final installment: Founding Fathers: Myth Aside … – Part IV: Tyranny

WAKE UP:

AT THIS TIME IN HISTORY THE TRUE PATRIOT HAS TWO CLEAR CHOICES;

A WALK ON PART IN THE WAR OR A LEAD ROLE IN A CAGE


By Pitchman

1 comment to THE FOUNDING FATHERS: MYTH ASIDE, THIS IS A VISION GONE WRONG! – Part III: End The Fed

Support our fight with a one time donation.

colloidal-silver-hydrosol-banner-175x263

Over 300+ Videos