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Subprime Crashes Into Criminal Monetary System »
Posted by: populist 1 year, 12 months agoCentral banking is perhaps the most brilliant scam ever perpetrated, and the U.S. Federal Reserve stands as the most successful of all central banks in history. The Fed is able to transfer wealth away from the people who earned it, and into the hands of the Federal Government and member banks, relentlessly, stealthily, year after year...
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populist
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Comments: 55
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engineer
Jan. 4, 2008, 2:41 p.m.Great article! Thanks for the eye opener. the whole government is run by the criminals
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ML2007Comment has been removed: Retracted by user
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ML2007Comment has been removed: Retracted by user
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Truzseeker
Jan. 4, 2008, 4:46 p.m."Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two thirds of each Bank's nine member board of directors. The remaining three directors are appointed by the Federal Reserve Board. The Federal Reserve Board regulates the Reserve Banks, but direct supervision and control of each Bank is exercised by its board of directors. 12 U.S.C. Sect. 301. The directors enact by-laws regulating the manner of conducting general Bank business, 12 U.S.C. Sect. 341, and appoint officers to implement and supervise daily Bank activities. These activities include collecting and clearing checks, making advances to private and commercial entities, holding reserves for member banks, discounting the notes of member banks, and buying and selling securities on the open market. Lewis v. United States, 680 F.2d 1239 (9th Cir. 1982)
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NelsonR
Jan. 4, 2008, 5:10 p.m.This corrupt Bush administration has met today and you can rely on them to come up with another bailout while the continued lunacy of lowering interest rates which devalues our dollar exponentially. The Fed has put off the inevitable so for that I give them credit where credit is due but this is imbecile credit since our economic ruin is only put off while those in power collect more revenue. The banking system is corrupt, was corrupt and will continue to be corrupt.
Money grubbers of the world believe they are a breed apart from the average folk. They have the right to rule since they are above the common man. It matters not the country is on a downward spiral, outsourcing, immigration with visa's handed out for a lower pay scale, and the acquisition of more money is all our money grubbers desire, America be damned is their philosophy.
The Banking system has grown fat and complacent while being fed at the public trough.
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NelsonR
Jan. 4, 2008, 5:52 p.m.The truth is in the pudding. The Fed will loan 60 billion dollars to the banking industry. Where are they getting this money from, a money tree? Every American is now indebted each for over 25 thousand for its governments actions. What am I missing here?
Watching FOX Business channel today they were anxious for a bailout for the government while bemoaning what they referred to as WRONG populism among the voters. These despicable corruptest of norms are what Fox puts on the air to enhance their argument, they think!!!!
Just maybe investigations under a new administration will occur and some of these fat cats will lose their ill gotten gains on Americas back and future that at present is not looking all that promising.
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natashas
Jan. 4, 2008, 7:26 p.m.I agree with you completely populist. I am not an expert either but comment sense is making its way back to each tax payer on where there money is going.
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MonkeyBiz
Jan. 4, 2008, 10:15 p.m.The fed was formed as a response to a chaotic and confusing financial system. Every bank issued their own currency.
Banks would get into financial trouble (there were no regs or standards then) and other banks and businesses would stop honoring their money. The system was disastrous for a growing industrial society and produced some horrific recessions that wiped out the savings and earnings of millions of Americans.
The fed brought order to this chaos with standards, a common currency backed by the US Government, and served (not always successfully) as a regulating valve to keep the economy steady.
The fed also serves as a clearing house for checks and ACH transactions. The fed charges for their services and is taxed at 100% of their profits.
Those that advocate elimination of the fed should study some history. What is the alternative? Back to chaos? Disaster and wealth killing inflation and confusion?
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Ricksfaith
Jan. 4, 2008, 11:54 p.m.check this site out--- http://www.fdrs.org/banking_history.html This is a pretty good site for the history of banking.
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obiofulious
Jan. 4, 2008, 11:57 p.m.This argument is all true, but to be fair: very one sided.
19th century economic history (before the creation of the Fed) was equally disastrous. Gold backed currencies cause constant recessions and depressions as a result of liquidity crunches. The Great Depression was called "Great" because it was just one of dozens that had been experienced in the previous 100 years alone.
Also, the ability to create liquidity *does* rob value from the people (that is true), but it also creates fantastically rapid economic growth. Just look at America in the 20th century. Bang! That was *because* of fiat currency, not despite it.
I'm a gold bug, but I'm not smoking my own stash, so to speak. Gold is a fantastic store of value, but the old gold backed system was not exactly paradise either.
So before we call people "crooks" we should consider the fact that this is basically a 'flawed solution' which has been exploited. But it was not a "scam" from day one.
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lynayn
Jan. 5, 2008, 12:39 a.m.There are people who create the system; there are those who take advantage and abuse the system. And there are also others who become too sick to fix the system. Who are the banks? Aren't they also people? So who are we blaming here? I can try to figure out how crucial the banking industry is to the economy. But it is so sad to see them having screwed-up the system. Like a parent now the Gov has to carry the burden for their kids' wrongdoing?
Believe me, I have been on both sides and witnessed the greedyness in both mortgage industry and consumers. On the other hand, there are those who have worked faithfully in non-profit sectors have never owned homes or new homes of their own.
So the quote by Thomas Edison is very true for those who "used every form of abuse, intrigue, deceit, and violent means possible to feed their greeds."
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CORVIDIVS
Jan. 5, 2008, 1:35 a.m.THE HUGGER MUGGER HUDDLE IN the muddle seems to be a cross-border contagion that has made it repeatedly kosher for the Canuck gov to continually extract illegal federal income tax ever since ww2. The tax was actually introduced as consensual,an remedy for war costs that were supposedly going to be met eventually if we all stiff upper lipped it.Anyone challenging this federal tax has been ostracized in a big way - jail - or quieted via other means,as the tax can actually be legally waived,but it's a mess for sure.... sort of like a high profile sex scandal that needs denying... the less people that know the true legal bits about it,the better...
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HMMaceComment has been removed: Spammer, Hard Banned
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doppich
Jan. 5, 2008, 9:32 a.m.For seven years the Fed has been the financial enabler for the criminal activities of the Bush administration. I suppose that makes the Fed an accessory to the crimes.
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Grancher
Jan. 5, 2008, 9:58 a.m.This guy is just after some cheap attention by playing on peoples fears, distrust of government and ignorance of central banking. The article is full of exaggerated and inflammatory language it looks like emotion is leading his reasoning. I don't know much about central banking, but the author of this article sounds like he learned just enough about the subject make a fool of himself and not enough to realize it.
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onlyonesecret
Jan. 5, 2008, 10:34 a.m.The banksters first bought all the politicians. Next they bought all the major media to promote the illusion that politicians represent our interests. Then they took control of the education system, ensuring kids stop thinking at an early age. The Office of Homeland Security is designed to control us in order to confiscate our funds for the purpose of paying the alleged debt of trillions of dollars. Now its only a matter of time before we will have no more cash, no pensions, no government 'benefits'. And if we resist???
So if You really want change you ought to be looking for the next Washington, Jefferson, or Madison. These men had their differences, but they agreed that the success of the American Republic required a small federal government with limited powers. If you'd like to know what those powers are, read Article I, Section 8 of the Constitution. It won't take you long.
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Sandmn
Jan. 5, 2008, 11:19 a.m.The worlds federal banks are all owned and controlled by one major family, named Rothschilds, and yes, this is the primary reason that JFK was murdered. No one individual can stop the fed, it must be the american people's refusal to use their worthless paper and demand our own monetary standards be put back in force. The Amero is poised to replace the current dollar, as a salvation fantasy to solve our devastated economy. It's a smoke screen, the entire show is fixed and planned, but we can stop them in their tracks simply by not using their paper. It's a house of cards and would collapse if we could just band together for a bit. Our own standardized currency is the only balanced budget that exists. Our American deficit is based solely on the interest paid to use their paper as currency. The economy is being controlled by interest rates, controlled by them. To lower the rates, they print more paper which renders the dollar worthless.
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Sandmn
Jan. 5, 2008, 11:30 a.m.Below is a list of the owners of the fed. When researched, you will find that although they seem different, they are ALL owned by the same powerful family, by blood or marriage.
In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation. When elected, Wilson passed the FED. Later, Wilson remorsefully replied, referring to the FED, "I have unwittingly ruined my country". Yes, Aldrich is actually related to the Rothschilds.
1. Rothschild Bank of London 2. Warburg Bank of Hamburg 3. Rothschild Bank of Berlin 4. Lehman Brothers of New York 5. Lazard Brothers of Paris 6. Kuhn Loeb Bank of New York 7. Israel Moses Seif Banks of Italy 8. Goldman, Sachs of New York 9. Warburg Bank of Amsterdam 10. Chase Manhattan Bank of New York.
This is all part of a much nastier scheme that revolves around a one world gov and rule, that they will controll
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Sandmn
Jan. 5, 2008, 11:38 a.m.An interesting theory of Lincolns murder, which involved the Rothschilds.
LINCOLN'S ASSASSINATION WAS THE RESULT OF A CONSPIRACY OF POWERFUL INTERNATIONAL BANKERS
This theory is that Abraham Lincoln was killed as a result of his monetary policies. John Wilkes Booth would be seen as a 'hired gun.' In its simplest terms, the theory is that Lincoln needed money to finance the Civil War. He was offered loans at high interest rates by bankers in Europe led by the Rothschilds. Rather than accept the loans, Lincoln found other means to fund the war effort. More importantly, the British bankers opposed Lincoln's protectionist policies. Some Englishmen in the 1860's believed that "British free trade, industrial monopoly and human slavery travel together." Lincoln's policies after the Civil War would have destroyed the Rothschilds' commodity speculations. After the war, Lincoln planned a mild Reconstruction policy which would have enabled a resumption of agriculture production.
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Sandmn
Jan. 5, 2008, 11:35 a.m.The Rothschilds were betting the other way on high prices caused by a tough Reconstruction policy toward the South. Lincoln was viewed as a threat to the established order of things, and he was assassinated as a result. The goal was to weaken the United States so the Rothschilds could takeover its economy. An article titled "The Rothschilds' International Plot to Kill Lincoln" was published October 29, 1976, in New Solidarity.
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