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11 Reasons Why The Federal Reserve Should Be Abolished

Tyler Durden's picture





 

Submitted by Michael Snyder of The Economic Collapse blog,

If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people.

The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years. 

The Fed creates our "booms" and our "busts", and they have done an absolutely miserable job of managing our economy.  But why do we need a bunch of unelected private bankers to manage our economy and print our money for us in the first place?  Wouldn't our economy function much more efficiently if we allowed the free market to set interest rates? 

And according to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures".  So why is the Federal Reserve doing it?  Sadly, this is the way it works all over the globe today.  In fact, all 187 nations that belong to the IMF have a central bank.  But the truth is that there are much better alternatives.  We just need to get people educated.

The following are 11 reasons why the Federal Reserve should be abolished...

#1 The Greatest Period Of Economic Growth In The History Of The United States Happened When There Was No Central Bank

Did you know that the greatest period of economic growth in U.S. history was between the Civil War and 1913?  And guess what?  That was a period when there was no central bank in the United States at all.  The following is from Wikipedia...

The Gilded Age saw the greatest period of economic growth in American history. After the short-lived panic of 1873, the economy recovered with the advent of hard money policies and industrialization. From 1869 to 1879, the US economy grew at a rate of 6.8% for real GDP and 4.5% for real GDP per capita, despite the panic of 1873.  The economy repeated this period of growth in the 1880s, in which the wealth of the nation grew at an annual rate of 3.8%, while the GDP was also doubled.

So if our greatest period of economic prosperity was during a time when there was no Federal Reserve, then why shouldn't we try such a system again?

#2 The Federal Reserve Is Systematically Destroying The Value Of The U.S. Dollar

The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created in 1913.

If you do not believe this, just check out the inflation chart in this article.

The Federal Reserve systematically penalizes those that try to save their money.  Inflation is a tax, and the value of each one of our dollars goes down a little bit more every single day.

But over time, it really adds up.  In fact, the value of the U.S. dollar has fallen by 83 percent since 1970.

Anyone that goes to the grocery store on a regular basis knows how painful inflation can be.  The following is a list that shows how prices for many of the things that we buy on a regular basis absolutely skyrocketed between 2002 and 2012...

Eggs: 73%

Coffee: 90%

Peanut Butter: 40%

Milk: 26%

A Loaf Of White Bread: 39%

Spaghetti And Macaroni: 44%

Orange Juice: 46%

Red Delicious Apples: 43%

Beer: 25%

Wine: 60%

Electricity: 42%

Margarine: 143%

Tomatoes: 22%

Turkey: 56%

Ground Beef: 61%

Chocolate Chip Cookies: 39%

Gasoline: 158%

Even the price of water has absolutely soared in recent years.  According to USA Today, water bills have actually tripled over the past 12 years in some areas of the country.

So how can the Federal Reserve get away with claiming that we are in a "low inflation" environment?

Well, what Ben Bernanke never tells you is that the way that the government calculates inflation has changed more than 20 times since 1978.

The truth is that the real rate of inflation is somewhere between five and ten percent right now, but you will never hear about this on the mainstream news.

#3 The Federal Reserve Is A Perpetual Debt Machine

The Federal Reserve system was designed to be a trap.  The intent of the bankers was to trap the U.S. government in an endless debt spiral from which it could never possibly escape.

But most Americans don't understand this.  In fact, most Americans don't even understand where money comes from.

If you don't believe this, just go out on the street and ask regular people where money comes from.  The responses will be something like this...

"Duh - I don't know.  I've got to get home to watch American Idol."

This is why it is so important to get people educated.  I think that most Americans would be horrified to learn that the creation of more money in our system also involves the creation of more debt.

The following is a summary of money creation that comes from one of my previous articles...

When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.

 

Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.

 

The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.

So what does the Federal Reserve do with those Treasury bonds?  I went on to explain what happens...

The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.

 

But wait.

 

There is a problem.

 

Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.

 

So where will the U.S. government get the money to pay that debt?

 

Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.

 

But that never actually happens, does it?

 

And the creators of the Federal Reserve understood this as well.  They understood that the U.S. government would not have enough money to both run the government and service the national debt.  They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.

Men like Thomas Edison and Henry Ford could not understand why we would adopt such a foolish system.  For example, Thomas Edison was once quoted in the New York Times as saying the following...

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

 

Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

 

But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.

Unfortunately, today most Americans don't even understand how the system works.  They just assume that we have the best system in the entire world.

Sadly, the reality is that the system is working just as the international bankers that designed it had hoped.  The United States has the largest national debt in the history of the world, and we are stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day in a desperate attempt to keep the debt spiral going.

#4 The Federal Reserve Is A Centrally-Planned Financial System That Is The Antithesis Of What A Free Market System Should Be

Why do we need someone to centrally-plan our financial system?

Isn't that the kind of thing they do in communist China?

Why do we need someone to tell us what interest rates are going to be?

Why do we need someone to determine what "the target rate of inflation" should be?

If we actually had a free market system, the free market would be the one "managing" our economy.

But instead, we have become so accustomed to central planning that any alternatives seem to be absolutely unthinkable.

For example, CNBC cannot possibly imagine a world where the Fed (or some similar institution) was not running things...

But suppose the law were taken off the books? The Fed's job—in simple terms—is to manage the nation's money supply and achieve the sometimes-conflicting tasks of full employment, stable prices while fighting inflation or deflation.

 

How would the U.S. economy then function? Something has to take its place, right?

 

Global markets would also need some sort of economic direction from the U.S. The Fed manages the dollar — and as the world's leading currency, a void left by a Fed-less America could throw those markets into chaos with uncertainty about who's managing U.S. interest rates and the American economy.

I've got an idea - let's let the free market "manage" U.S. interest rates and the American economy.

I know, it's a crazy idea, but I have a sneaking suspicion that it just might work beautifully.

#5 The Federal Reserve Creates Bubbles And Busts

Do you remember the Dotcom bubble?

Or what about the housing bubble?

By dramatically distorting interest rates and financial behavior, the Federal Reserve creates economic bubbles and the corresponding economic busts.

And guess what?

Now it is happening again.

When will the American people decide that they have had enough?

If you can believe it, there have been 10 different economic recessions since 1950.  And of course the Federal Reserve even admits that it helped create the Great Depression of the 1930s.

Perhaps it is time to try something different.

#6 The Federal Reserve Is Privately Owned

It has been said that the Federal Reserve is about as "federal" as Federal Express is.

Most Americans still believe that the Federal Reserve is a "federal agency", but that is simply not true.  The following comes from factcheck.org...

The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.

And even the Federal Reserve itself has argued that it is "not an agency" of the federal government in court.

So why is there still so much confusion about this?

We should not be allowing a private entity that is owned and dominated by the banks to make decisions that dramatically affect the daily lives of all the rest of us.

#7 The Federal Reserve Greatly Favors The "Too Big To Fail" Banks

Since the Federal Reserve is owned by the banks, should we be surprised that it serves the interests of the banks?

In particular, the Fed has been extremely good to the "too big to fail" banks.

Over the past several decades, those banks have grown tremendously in both size and power.

Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets.

Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.

#8 The Federal Reserve Gives Secret Bailouts To Their Friends

The Federal Reserve is the only institution in America that can print money out of thin air and loan it to their friends any time they want to.

For example, did you know that the Federal Reserve made 16 trillion dollars in secret loans to their friends during the last financial crisis?

The following list is taken directly from page 131 of a GAO audit report, and it shows which banks received secret loans from the Fed...

Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639 trillion

If you will notice, a number of the banks listed above are foreign banks.

Why is the Fed allowed to print money out of thin air and lend it to foreign banks?

#9 The Federal Reserve Is Paying Banks Not To Lend Money

Did you know that the Federal Reserve is actually paying U.S. banks not to lend money?

That doesn't make sense.  Our economy is based on credit, and small businesses desperately need loans in order to operate.

But the Fed has decided to pay banks not to risk their money.  Section 128 of the Emergency Economic Stabilization Act of 2008 allows the Federal Reserve to pay interest on "excess reserves" that U.S. banks park at the Fed.

So the big banks can just send their cash to the Fed and watch the money come rolling in risk-free.

As the chart below demonstrates, the banks have taken great advantage of this tremendous deal...

Excess Reserves Parked At The Federal Reserve

#10 The Federal Reserve Has An Astounding Track Record Of Failure

Over the past ten years, the Federal Reserve has been an abysmal failure when it comes to running the economy.

But despite a track record of failure that would make the Chicago Cubs look like a roaring success, Barack Obama actually decided to nominate Ben Bernanke for a second term as the Chairman of the Federal Reserve.

What a mistake.

Just check out some of the things that Bernanke said prior to the last financial crisis.  The following is an extended excerpt from an article that I published previously...

*****

In 2005, Bernanke said that we shouldn't worry because housing prices had never declined on a nationwide basis before and he said that he believed that the U.S. would continue to experience close to "full employment"....

"We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though."

In 2005, Bernanke also said that he believed that derivatives were perfectly safe and posed no danger to financial markets....

"With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly."

In 2006, Bernanke said that housing prices would probably keep rising....

"Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise."

In 2007, Bernanke insisted that there was not a problem with subprime mortgages....

"At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency."

In 2008, Bernanke said that a recession was not coming....

"The Federal Reserve is not currently forecasting a recession."

A few months before Fannie Mae and Freddie Mac collapsed, Bernanke insisted that they were totally secure....

"The GSEs are adequately capitalized. They are in no danger of failing."

*****

There are many, many more examples that could be listed, but hopefully you get the point.

And now it is happening again.  Bernanke is telling the American people that everything is going to be just fine and that no major problems are ahead.

Do you believe him this time?

#11 The Federal Reserve Is Unaccountable To The American People

What is the most important political issue to most Americans?

Survey after survey has shown that the American people care about the economy more than anything else.

So why do we allow an unelected, unaccountable entity that is privately-owned to make our economic decisions for us?

The Federal Reserve has become so powerful that it has been called "the fourth branch of government".  Every four years, presidential candidates argue about who will be best at managing the economy, but the truth is that it is the Fed that manages our economy.

We are told that the "independence" of the Federal Reserve is absolutely critical, but don't the American people deserve to have a say in the running of the economy?

Our system is broken.  It is a system that will continue to create more bubbles and more debt until the entire thing finally collapses for good.

Thomas Jefferson once stated that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing....

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

But instead of banning government borrowing, we have allowed ourselves to become enslaved to a system where government borrowing actually creates our money.

We do not need to have a central bank.  There are much better alternatives.  We just need to get people educated.

 


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Tue, 05/07/2013 - 22:14 | Link to Comment knicks3005
knicks3005's picture

12. We all can't stand Bernanke's smug face.

Tue, 05/07/2013 - 22:18 | Link to Comment markmotive
markmotive's picture

Ironically the Federal Reserve has led to both the Rise and the Fall of the American Empire.

http://www.planbeconomics.com/2013/05/lse-lecture-rise-and-decline-of.html

Tue, 05/07/2013 - 22:45 | Link to Comment SafelyGraze
SafelyGraze's picture

let's play "Asset? Liability? Negotiable Instrument? Zero-coupon Bond? Or Money?"

http://www.gata.org/files/FedCheckLegalCosts.jpg

spoiler: it's a "check" from the "board of governors of the federal reserve" drawn on the federal reserve "bank" of richmond

but who will clear that check?

Wed, 05/08/2013 - 01:25 | Link to Comment Manthong
Manthong's picture

OT, but….

It will be instructive to know how many government dollars were sent here..

I bet way more than the $100K to our Chechen Bostonian buds..

THE DARK SECRETS OF 2207 SEYMOUR AVENUE...

5 BABIES BORN IN BROTHERS GRIM DUNGEON...

10 YEAR SEX HELL...

EXCLUSIVE PICTURES INSIDE CLEVELAND KIDNAP HOUSE...

Wed, 05/08/2013 - 02:17 | Link to Comment Precious
Precious's picture

One reason is enough. The same reason Mallory climbed Mount Everest.

Wed, 05/08/2013 - 07:09 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Jekyll Island bitchez......let my people go!!!

Wed, 05/08/2013 - 10:54 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

Inflation? what is inflation?!

Wed, 05/08/2013 - 05:01 | Link to Comment Urban Redneck
Urban Redneck's picture

Oh, the IRONY... and the SOCIAL CONDITIONING... the Federal Reserve System doesn't manage the money supply.  The Federal Reserve System IS the money supply.

Look at the check- to GATA of all (corporate) people- what most people think of as the account number and routing number are misconceptions.

The check is drawn on the Club Account of FRBR (Richmond) and would be deposited to a Member Account of FRBB (Boston routing) because GATA is headquartered in Connecticut (and I would assume it banks in the neighborhood).  And once moved to FRBB, GATA may write checks, direct deposit, or wire funds, to other FRB accounts, but the money NEVER leaves or even exists independent of the FRB system, unless GATA demands paper federal reserve Notes.  It wasn't convertibility that was killed by FDR it was redeemability, the most redeeming feature possible in a fiat currency.  The ability to walk into a bank and REDEEM a note for specie that had "some" value completely independent of FED control, after that it was only the Central Banker club who were allowed to do so (until Nixon realized that scam wasn't working as needed).

The routing number is the account number.  What most people think of as the account number is just a sheeple ID as to who foots the bill if a club member needs to do some Corzining.  Money doesn't exist because or when a depositor and bank agree that the money exists, money exists only when a MEMBER bank and the local FRB CLUB agree that it exists.  If the is no agreement between the club and the membership, your deposit is Corzined.

Banking 101.

(and FRBB will clear the check by the way)

Tue, 05/07/2013 - 22:26 | Link to Comment krispkritter
krispkritter's picture

That's a face?  I thought it was something a monkey wanted back when he found out his ass was missing...(and hey, I should know!)

Thu, 05/09/2013 - 08:52 | Link to Comment Vic Odd
Vic Odd's picture

12. It is unconstitutional.

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson(Attributed)
Tue, 05/07/2013 - 22:17 | Link to Comment SMG
SMG's picture

#1 reason to abolish the FED.  It's a tool of the Elite to impoverish and enslave us all.

Tue, 05/07/2013 - 22:16 | Link to Comment Ignatius
Ignatius's picture

The Fed is for the purpose of keeping us in debt and controlling that debt.

The creditor is servant to the lender. 

Therefore, no real sovereignty.

Kill the bank.

Tue, 05/07/2013 - 22:21 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

"These go to 11" (spoken in a British accent).....

Tue, 05/07/2013 - 22:22 | Link to Comment francis_sawyer
francis_sawyer's picture

"If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately."

~~~

No they fucking wouldn't...

You'd have the majority begging for them to turn the EBT card machine back on & give them a new ObamaFone... Even Sally soccer mom wants the music to play at least long enough for her little shithead with the 6th place trophy wall to get thru college...

Then... Most of All... Do you really think Sheldon Adelson, Lloyd Blankfein, Jack Lew, Penny Pritzer, Carl Ichan & friends want the party to end?

Tue, 05/07/2013 - 22:29 | Link to Comment SMG
SMG's picture

Francis,

The people you mentioned are Satanic, not Jewish.   They gave up their faith for power. Please tell me what I can do to convince you that the people behind the curtain (top of the pyramid) are not Jewish as you constantly try to suggest.  Because I want you to become an agent of truth, and help the common person to be free.

Your buddy,

SMG

 

Tue, 05/07/2013 - 22:40 | Link to Comment francis_sawyer
francis_sawyer's picture

Well then... If your statement is correct that 'they gave up their FAITH for POWER'... Then let's explore that angle [just as 'mental gymnastics' for me, because I've said about a million times that RELIGION HAS NOTHING TO DO WITH IT]...

~~~

But if it did... [I said 'IF' there people]

Then 'Judiasm' must be one fucked up faith to have such a large & disproportionate/asymmetric number of it's people giving up on it & converting to SATANISM...

Unless they're ALL just born a bunch of Rosemary's Baby's or something...

Tue, 05/07/2013 - 22:46 | Link to Comment SafelyGraze
SafelyGraze's picture

babbys

 

Tue, 05/07/2013 - 22:52 | Link to Comment francis_sawyer
francis_sawyer's picture

BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH -by's

Tue, 05/07/2013 - 23:06 | Link to Comment SMG
SMG's picture

Wrong again.  Only the people at the very top of judiasm have converted, much as the very top at the vatican, and the very top of islam, and the very top of mormons, and the very top of the United States of America, and the very top of just about every other nation or beleif.  The common Jew, the common christain, the common muslim, the common anything is to suffer and be exterminated by the Satanic Elite whom you support.  The real enemy is "The Father of Lies".

Please stop supporting evil. 

Tue, 05/07/2013 - 23:30 | Link to Comment francis_sawyer
francis_sawyer's picture

"only the people at the top [of all these things you mention] have CONVERTED"

~~~

Oh I see... What happens is, the deeper you get into something, you finally reach the point where you just chuck it all & become a devil worshipper... Alright ~ You win... I'll put a muzzle on it & in that instant, it'll all vanish into nothingness ushering in 1,000 years of peace & prosperity...

~~~

Fuck ~ at minimum... Even if everything I say is horseshit... It would make a nice fiction novel... So somebody ought to get busy... start plagiarizing all my psychobabble... & coin themselves some SATANBUX...

Tue, 05/07/2013 - 23:59 | Link to Comment palmereldritch
palmereldritch's picture

LUCIFERBUX might be a more accurate term.  They worship Lucifer the Light Bearer.

http://www.wpclipart.com/money/US_Currency/US_dollar_pyramid.png.html

This doesn't look like Judaica does it? Although they appropriate symbols shared by Jews and Masons for their corrupt signage.

Oh and appropriately (or suspiciously) for this article, the number 11 is very important to them.  It is their crypto 'pause' control number.  Look for it on every currency they control.

Wed, 05/08/2013 - 00:04 | Link to Comment francis_sawyer
francis_sawyer's picture

How the hell do I know what 'Judaica' looks like?... According to the story, no sooner did the Exodus occur, then the Hebrews began banging out a golden calf to worship... So for all I know, this is their god right here...

~~~

http://www.google.com/url?sa=i&rct=j&q=wall+st.+bull&source=images&cd=&c...

Wed, 05/08/2013 - 06:31 | Link to Comment Disenchanted
Disenchanted's picture

re: Exodus

 

What if the Exodus was never about the 'Israelites' escaping Egypt, but about them being 'run out of town?'

In the story(fairytale?) written after the fact some facts were changed for purely propagandic reasons.

After all Joseph supposedly entered Egypt as a slave, but after interpreting a dream for the king became ruler over all the land of Egypt.

Or so the story goes...

 

Sometimes the best of intentions can lead to tragic outcomes. In Parshat Vayigash, Joseph has his hands full managing the seven years of catastrophic famine that have followed seven years of prosperity.1 The Egyptian people are starving while Pharaoh has food, having stored much of the harvest during years of plenty. But the people’s ability to buy grain disappears along with their savings. The famine has yet to play out its course, so Joseph begins to collect their possessions for the king: first their livestock, then their land and finally their personhood.2 To avoid death, the Egyptian people become slaves to Pharaoh, foreshadowing the Israelite enslavement in Exodus.

 

Despite our own moral indignation that the price of avoiding starvation is slavery, The Torah does not condemn Joseph for his actions. The commentator Nahum Sarna suggests that the biblical text “shift[s] the onus of responsibility for the fate of the peasants from Joseph to the Egyptians themselves. The peasants initiate the idea of their own enslavement (v. 19) and even express gratitude when it is implemented!”3

 

 

Sound familiar? We're all Egyptians now...bitchez.

btw quote is from: http://ajws.org/what_we_do/education/publications/dvar_tzedek/5770/vayig...

Wed, 05/08/2013 - 00:38 | Link to Comment Anusocracy
Anusocracy's picture

The Jewish people are disproportionately represented in the highly intelligent and in highly capable psychopaths.

The 'evil' being done is being done by those who feel no qualms about manipulating, controlling, or using people as objects. They have flawed minds, misshapen consciences, and are almost like another species.

Homo predacious is appropriate.

 

Wed, 05/08/2013 - 01:26 | Link to Comment palmereldritch
palmereldritch's picture

Hate is the criminal elite's most effective control weapon. It’s the '11 of emotions', a corrupt and manipulated anger.

Sadly, a basic human feature, it is fostered and cultivated in all groups: political, religious, ethnic...to employ divide and conquer or produce chaos upon which control and order is then imposed.  And yes, they employ and develop high functioning sociopaths and psychopaths but from all groups to serve their purposes.  Birds of a feather so to speak.

Wed, 05/08/2013 - 07:13 | Link to Comment francis_sawyer
francis_sawyer's picture

highly intelligent and in highly capable psychopaths

~~~

So, by definition, Paul Krugman, who thinks that we need space aliens to come & break windows to improve GDP, Bernanke, who just sits there with his finger on the Ctrl+P button, Netanyahi, who has his finger on the nuke button, plus, Rubin & Summers, & whatever they happen to be dismantling at the moment are all "highly capable"...

I'm finally starting to see the light...

Wed, 05/08/2013 - 12:35 | Link to Comment Anusocracy
Anusocracy's picture

As psychopaths, yes.

 

Wed, 05/08/2013 - 05:51 | Link to Comment PrDtR
PrDtR's picture

Brother you truly "SEE" the truth..

The TRUE religion of THIS WORLD masquerades behind secret doors.. in secret societies and is not considered religion..

Study the TRUTH behind the "Bohemian Grove" and know that they worship a Luciferian master!

Read the conversion of atheist Dr Maurice Rawlings in his books .. "Beyond Death's Door" + "To HELL and Back" where he recounts the experiences of his patients who found themselves in HELL after they had "died" then were resuscitated! ..Terrifying..

It IS NOT ABOUT RELIGION.. IT IS ABOUT

S I N !!!

 

Tue, 05/07/2013 - 22:46 | Link to Comment ZerOhead
ZerOhead's picture

STOP!

You had me at Satanic...

(Of course Satan was just a fallen Angel whose crime was that he loved god too much... if you believe in Fairy tales that is...)

Tue, 05/07/2013 - 23:31 | Link to Comment francis_sawyer
francis_sawyer's picture

It's fucking non-stop comedy on the Hedge...

Wed, 05/08/2013 - 00:12 | Link to Comment Gmacks
Gmacks's picture

Why are you even here and making comments? You're like that guy who makes fun of gay people because he can't handle the truth about himself being gay. Take a hike dude maybe ill toss you a silver dime once this is all over.

Wed, 05/08/2013 - 12:36 | Link to Comment francis_sawyer
francis_sawyer's picture

I never said anything about gays... I don't give a shit one way or another if your gay or not... For that matter ~ I don't give a shit whether you're jewish, AA, male, female, indian, or fucking Sasquatch... This is about 'behavior'... & I'm curious as to why one particular tribe has so many involved in this corrupt behavior... By comparison, women are more than 50% of the population & are far less represented... Maybe they just need a little more time...

~~~

As for 'wannabe'... Yeah right ~ I can't wait to trade in my baby back ribs for gefilte fish...

Tue, 05/07/2013 - 23:49 | Link to Comment StychoKiller
StychoKiller's picture

Obviously, you've never read "Paradise Lost" by Milton.

Wed, 05/08/2013 - 05:40 | Link to Comment PrDtR
PrDtR's picture

It is INDEED satanic power behind the curtain..

But most people are blind to it.. they believe in UFOs more than a living, loving GOD.. they refuse to accept the GIFT OF SALVATION..

The UFOS they believe in are fallen angels, demonic in origin.. study the evidence..

Watch: "UFOs the hidden truth" on youtube and study carefully.. you may find yourself picking up a Bible to see what is in it!

Tue, 05/07/2013 - 22:36 | Link to Comment northerngirl
northerngirl's picture

Sad, but true. 

Tue, 05/07/2013 - 22:20 | Link to Comment DirkDiggler11
DirkDiggler11's picture

Every member of the Fed should be tried for treason, drug out in Public and executed via a firing squad on the beach in Brunswick Ga.

Speaking of the bastards that are destroying our currency, I've noticed that the margins above spot on ASE coins and others have started to fall at most of the major coins dealers. Contrary to the metal pimps at KWN where the currency is about to collapse and the price of Gold And Silver are going to go parabolic any second now, It does appear that the supply constraints must be starting to ease and demand soften for the dealers to lower their premiums. Worth keeping an eye on, but don't tell this to John Embry, it will just break his little heart ....

Tue, 05/07/2013 - 22:37 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

If The Creature from Jekyll Island was required High School reading, there is a chance, just a chance, that the world would be a better place; then again, maybe  I'm just being optimistic for no particular reason....

Wed, 05/08/2013 - 00:11 | Link to Comment RebelDevil
RebelDevil's picture

That, and "Confessions of an Economic Hitman".

Seems more exciting than "A Lesson Before Dying", right?

Wed, 05/08/2013 - 05:14 | Link to Comment Urban Redneck
Urban Redneck's picture

That's the problem, people don't study the classics or have any capacity for reason or critical thought anymore.  Those people need some sexed-up, Hollydumbed-down version of events to even generally grasp where the problem lies.   Then they run around preaching verbatim the dogma of dystopian entertainment with the naive enthusiasm of a terrorist armed with God's literal truth.     

Tue, 05/07/2013 - 22:39 | Link to Comment BoNeSxxx
BoNeSxxx's picture

Where are you seeing the decreased premiums?  Still almost $100 on au and almost $7 on ag over at Apmex... Do tell.

And the premium they are willing to pay the seller is close to $50/$3.  I remember not too long ago the 'buy' price was equal to spot.

Tue, 05/07/2013 - 22:21 | Link to Comment devo
devo's picture

A lot of correlation being passed off as causation in the post.

For example:

The Greatest Period Of Economic Growth In The History Of The United States Happened When There Was No Central Bank

Nothing about that proves cause. Growth could have been as high or higher with a CB.

There's 1 reason to abolish them that's undeniable, and that is currency debasement/price instability.

Tue, 05/07/2013 - 22:28 | Link to Comment BoNeSxxx
BoNeSxxx's picture

I'll see your #1 and raise you 1.

The US Congress shirked their Constitutional mandate to control the money.  Plain and simple.  The framers understood the danger the money changers posed to liberty.

Tue, 05/07/2013 - 23:37 | Link to Comment Xanadu_doo
Xanadu_doo's picture

"The framers understood the danger the money changers posed to liberty."

 

(so did jesus)


Wed, 05/08/2013 - 00:52 | Link to Comment Blankenstein
Blankenstein's picture

And here is the Chairsatan letting Congress know who is in charge -

http://www.youtube.com/watch?v=AidBugvVqpw

Tue, 05/07/2013 - 22:21 | Link to Comment MythicalFish
MythicalFish's picture

Just crunched the numbers a bit.. (based on Credit Suisse's estimate of 195tln global wealth) with a 50% haircut on all outstanding sovereign debt and 25% haircut for old uninsured bank balances vs new dollars, the gold standard could be reestablished at the reasonable rate of 16000 new dollars per ounce of gold. This might actually be "good" for the stock market too, at least relative to other ponzis.

Call me, Ben, if you're keen about the details.

Tue, 05/07/2013 - 22:22 | Link to Comment Yen Cross
Yen Cross's picture

  I agree with the author of this article 100%. Who do we put in charge of printing money, after the Fed. is shut down?

 

    I have some Russian.Jewish friends in mind?

Tue, 05/07/2013 - 22:22 | Link to Comment denverdolomte
denverdolomte's picture

11 reasons? This could go both ways, we could list a thousand reasons both fact and conspiracy or we could just list one :: They are not an entity of the United States of America, hence they have no vested interest in the growth and prosperity of its citizens. 

Tue, 05/07/2013 - 22:43 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

Majority owned by foreign interests, i.e. Rothschilds et al? Wouldn't be a bit surprised.

Tue, 05/07/2013 - 22:49 | Link to Comment denverdolomte
denverdolomte's picture

I have tried numerous times to do unbiased research on the basis of power. Through vast arrays of research I can't link the Rothchilds to much more than previous foreign banking and purchases of a few mega corps. I feel people like Dimon and such hold much more power in the world structure, along with oil families between the two I feel they hold so much of the world power its beyond money and reality. The megacorp people and megabank people don't live on the same plane as the rest of us, this is not conspiracy based, look at their troubled past and arraignments, funny that they can all cost billions upon billions to the world while making the same amounts, yet only be smacked on the wrist will a measily few million dollar fine. 

Yes I agree with foreign interests, just personally beyond speculation I have not be able to tie anything current to the Rothcrapples.  

Tue, 05/07/2013 - 23:16 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

Denver, nor do they (Rothchilds et al) appear on any of the lists of the so called world's richest people. They are creatures of mystery, living  (and banking) in the shadows.

Tue, 05/07/2013 - 23:20 | Link to Comment denverdolomte
denverdolomte's picture

MF I agree and have always found that interesting their lack of disclosure within the realms of wealth. In a world with which name changes, history only being that which we are told, and a reality that our own legislations tell us to avoid the thought of tyranny and miconception I question everything. I am glad to hear other people think the same way. 

Tue, 05/07/2013 - 22:25 | Link to Comment Mike Hunt III
Tue, 05/07/2013 - 22:32 | Link to Comment monad
monad's picture

James Traficante addressing the house 3/93 from the CONgressional record
http://www.afn.org/~govern/bankruptcy.html

Tue, 05/07/2013 - 22:36 | Link to Comment denverdolomte
denverdolomte's picture

I grew up during his reign. I clearly remember the uproar for his demise as well, also Ron Paul standing up in his defense that they push 1100 pages of charges on him giving him a 24 hour period to retort. Jim took it like a man and served his leisured time. 
That man helped his citizens in any way possible and faught for his citizens. There is a rumored story that an older womans son was unable to get his mom insurance to care for her, I believe either Traficant was able to get her insurance or paid for it out of his own pocket. Granted yeah he did some shady things, admitted them, and emerged....I don't know to many other politicianeesta's that would admit their fault and grow a pair.

Plus that hair was well hilarious.  

Tue, 05/07/2013 - 22:46 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

The golden rules of politics; 1. Don't critisize the Fed.  2. Don't critisize the Zionists.  Of course 1=2, so there really is only one golden rule, as Traficante discovered.

Tue, 05/07/2013 - 22:34 | Link to Comment krispkritter
krispkritter's picture

Order me a McBen's QE-arter-Pound-Me-In-The-Ass with Cheese, a side order of Fiat Fries, and a SuperSized Deficit drink please...hold the pickle(your own), that's all the enjoyment you'll get from now on.

Tue, 05/07/2013 - 22:32 | Link to Comment brodix
brodix's picture

It's not just the Fed. In order to function the congress has to overspend, thus creatinng that debt. As set up the system is designed to do so, since it budgets by putting together enormous spending bills and then adding enough extras to buy sufficient votes. Which the prez can only pass or veto in whole. 

 To budget is to list priorities and spend according to ability. To do this, they should break the bills into their "line items," have each legislator assign a percentage value to each one, reassemble them and have the president draw the line.

 There would be little incentive to trade favors, as it's graded on a curve and little incentive for the president to agree to much more than necessary.

Local communities would have to become much more self-sufficient, but if they all have local community banks that didn't filter profits back to New York, this might be quite possible.

Tue, 05/07/2013 - 22:42 | Link to Comment Dr. Engali
Dr. Engali's picture

I only need one reason . The fed is an unconstitutional illegal privately owned entity brought into existence under the cover of darkness. They have no loyalty to nor interest in the success of the American people. It's only purpose is to enrich a select few.

Tue, 05/07/2013 - 22:45 | Link to Comment Yen Cross
Yen Cross's picture

  China has just officially mind fucked 'Algo Ville" with these prints? If you look up lying in the Dictionary> It's China!

   Chinese Exports (YoY)     14.70%     10.30%     10.00%                 
Chinese Trade Balance     18.16B     15.05B     -0.88B    

Tue, 05/07/2013 - 22:47 | Link to Comment Atomizer
Atomizer's picture

The one hundred year charter ends December of 2013. The baton will be handed off to Global institutions governing present law regulation.

 

I cannot wait for the mouth drop effect to take place within the dying elected officials who are expected to be taken care of for the rest of their lifes..[Buyers regret syndrome will implode] Just vote on this bill.

Answer: We can't sent you monies presently however, just vote as your told. Your apart of this club. Stupid people living on falsehood promises, such as… 

According to our contract, at precisely midnight, at the moment of our greatest triumph, the party of the first part, that's you, agrees to render up her soul now and forever more to the party of the second part, that's me. Shall we go?

 

Tue, 05/07/2013 - 22:52 | Link to Comment Jackagain
Jackagain's picture

They'll just re-up it for another 100 years......

Tue, 05/07/2013 - 22:59 | Link to Comment Dr. Engali
Dr. Engali's picture

There is no 100 year charter. When the fed was originally created it was a 20 year charter. Then in 1927 it was extended in perpetuity. The only way the fed can end is buy an act of congress or by forfeiture of the franchise due to breaking the law. And since the bankers own congress and make the laws we know where that leads.

Wed, 05/08/2013 - 00:04 | Link to Comment Atomizer
Atomizer's picture

Please provide your 1927 link. I only have the 1913 version. I do recall the Titanic voyage bit.

Wed, 05/08/2013 - 00:26 | Link to Comment Dr. Engali
Tue, 05/07/2013 - 22:51 | Link to Comment newworldorder
newworldorder's picture

None of these revalations makes any difference. The American people are oblivious how the real economy and monetary theory works. They have  been boilded very slowly over the last 50 years.

Creation of the FED in 1913 was a stroke of genious for the bankster elite. For the first time in History they were able to capture the most up and coming nation that would dominate the 20th century. Not only did they capture the most productive nation of the 20th century, but insured that its military would enforce their interests through two world wars the cold war and the continuous oil wars of the last 20 years.

Tue, 05/07/2013 - 23:03 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

But of course... Just like King George I, they hated us for our Freedoms!

Tue, 05/07/2013 - 23:09 | Link to Comment Atomizer
Atomizer's picture

RE: newworldorder

 

Yep. Your right. The Federal Reserve system is the best choice since 1913 legal [cough] vote. You have taught these fucks how to steal. What next? Bring in the Bank of International Settlement to commit to same fraud on a global scale???

 

Former Merrill Lynch Financial Advisor Sentenced in Florida for Embezzlement

posted March 12, 2013

Total Loss: $800,000

James Ryan Lanier, 33, was sentenced to 106 months in federal prison for embezzling more than $800,000 from Merrill Lynch clients. The sentence was announced by Pamela C. Marsh, U.S. Attorney for the Northern District of Florida.

U.S. Attorney Marsh stated, “This office will vigorously prosecute financial advisors and consultants who victimize and swindle their own clients. This sentence should serve as a stark warning to those who may be tempted to line their own pockets by betraying their clients’ trust.”

Source: FBI Jacksonville

 

 

Bank fraud claims over four million victims in UK

posted March 12, 2013

Nearly 4.6 million people in the UK have had their personal details stolen and their bank accounts used to buy goods or services, according the latest Deloitte Consumer Review.

About two-thirds of more than 2,000 UK adults polled claimed to have received phishing emails aimed at stealing personal information.

Source: ComputerWeekly.com

 

 

Ringleader of Alleged $11M Bank Fraud Appears in Court After 4+ Years as a Fugitive

posted March 12, 2013

Total Loss: $11 Million

Tobechi Enyinna Onwuhara, 33, formerly of Dallas, Texas, has been arrested in Australia after more than four years as a fugitive and brought to the United States to face charges accusing him of leading a home equity line of credit fraud scheme that attempted to steal more than $38 million and caused approximately $13 million in losses.

Neil H. MacBride, United States Attorney for the Eastern District of Virginia; Valerie Parlave, Assistant Director in Charge of the FBI’s Washington Field Office; David E. Beach, Special Agent in Charge of the United States Secret Service’s Washington Field Office; Earl L. Cook, Alexandria Chief of Police; and Robert W. Mathieson, United States Marshal for the Eastern District of Virginia, made the announcement after Onwuhara arrived in the Eastern District of Virginia.

Onwuhara was charged with conspiracy to commit bank fraud and a federal warrant was issued for his arrest on August 1, 2008....

Source: FBI

Tue, 05/07/2013 - 22:59 | Link to Comment samsara
samsara's picture

"In fact, all 187 nations that belong to the IMF have a central bank.  But the truth is that there are much better alternatives. "

 

BTW,  do you know the countries that DIDN'T have a IMF Central Bank?

They WERE  (past tense except for one)    IRAQ,  LIBYA, AFGHANISTAN,   IRAN .....

  Do you see a pattern here???   What was the FIRST thing they set up in IRAQ and LIBYA after they were "Liberated"     You guessed it,  they set up a Central Bank. 

For bonus points,  who got the job in Iraq??????    JPMORGUE
(right after they set up the bank,  all gold was shipped out of the country also...) 

WHAT A COINCIDENCE

Tue, 05/07/2013 - 23:54 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Common thread is also that they were/are Muslim. And the last traditionalists, who were/are "opposed to Usury".

Unlike the sanctimonious, hypocritical 'Christians' -- the proclaimed followers of Jesus. One might respect Christians if they actually were Christians. But, as it is, the US right wingers have turned him into a political mascot for their Fed-dictated agenda. The supremacist retards love to disparage the Jews, but fail to admit or even realize that Jews don't sell their own down the river to curry favor with other faiths.

Truth hurts, when you're dumb or a hypocrite. You wanna be a REAL follower of Jesus? Then try to live by his code. Stop selling out fellow Christians to other faiths, and get rid of Usury. And the Fed. QED.

Wed, 05/08/2013 - 07:32 | Link to Comment tarsubil
tarsubil's picture

Isn't it amazing we haven't invaded Iran yet?

Wed, 05/08/2013 - 07:48 | Link to Comment Dapper Dan
Dapper Dan's picture

A plane owned by Wells Fargo, leaving Afghanistan headed to Dubai that crashed because a heavy load shifted.

A load of what???  Gold???

What a coincidence.

http://worldnewsviews.com/report-american-747-cargo-jet-crashes-in-afghanistan-killing-8/

The aircraft was owned by Wells Fargo Bank, according to the Federal Aviation Administration.

Tue, 05/07/2013 - 23:08 | Link to Comment silverserfer
silverserfer's picture

Waking up to the banker frauds is like Rowdy Rody Piper in the movie "Them". All the bankers walking around and you finally put on the sunglasses and WTF? I see the vile scum for what they truly are and what the are doing to the world.

Tue, 05/07/2013 - 23:14 | Link to Comment Jackagain
Tue, 05/07/2013 - 23:19 | Link to Comment silverserfer
silverserfer's picture

brainfart you''re right "they live" was the movie thanks

Tue, 05/07/2013 - 23:28 | Link to Comment Osmium
Osmium's picture

"I have come here to kick ass and chew bubble gum.  And I'm all out of bubble gum."

Wed, 05/08/2013 - 05:41 | Link to Comment DirkDiggler11
DirkDiggler11's picture

+ 1 for the Rowdy Rody Piper reference in the midst of a conversation in the Fed Reserve bank. Nicely done !

Tue, 05/07/2013 - 23:11 | Link to Comment Osmium
Osmium's picture

In fact, most Americans don't even understand where money comes from.

I thought money came out of Bernanke's ass?

 

Tue, 05/07/2013 - 23:14 | Link to Comment q99x2
q99x2's picture

Convict them of treason while you're at it.

Tue, 05/07/2013 - 23:15 | Link to Comment Jackagain
Jackagain's picture

They own the Attourney General and the courts...

Tue, 05/07/2013 - 23:21 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

While I wouldn't mind the price of PM going thru the roof, I have no such illusions.

If, as some say, gold is to central bankers what kryptonite is to Superman, then you should expect them to allow the increase in the popularity of gold, about as much as Superman wants to see the popularity of kryptonite.

Tue, 05/07/2013 - 23:24 | Link to Comment dojufitz
dojufitz's picture

Dumb old Tim McVeigh blew up the wrong Fed building.....

Wed, 05/08/2013 - 09:40 | Link to Comment Nikao7
Nikao7's picture

The only thing ol tim did was park a truck in front that mainly left a crater.  Ol Tim was a pattsy.  Ol Tim had nothing to do with the bombs that were inside the building.  http://www.youtube-nocookie.com/embed/roZi0H2Gsxg

Tue, 05/07/2013 - 23:26 | Link to Comment jeffgroove102
jeffgroove102's picture

Do not renew their charter this year! Everyone should write their congressman about this!(Not that it will matter)

Tue, 05/07/2013 - 23:55 | Link to Comment Pandorable
Pandorable's picture

Ever notice how much talk and little walk there is on education spending? The dirty little secret is that NO ONE in power wants an educated public. It's much easier to "manage" the ignorant masses chained to their jobs.

Wed, 05/08/2013 - 00:13 | Link to Comment RebelDevil
RebelDevil's picture

... said George Carlin. I remember that epic rant he had.

Wed, 05/08/2013 - 02:49 | Link to Comment Harbanger
Harbanger's picture

I see you have no idea how much money we spend on illiteracy in the US.  Research the public school cost per child?  It was somewhere around 20K per student per year.   It a political racket, the last thing they care about is education, so don't look to the same broken system for answers.  It's going to take much more personal involvement in their education.

Wed, 05/08/2013 - 06:47 | Link to Comment AnAnonymous
AnAnonymous's picture

'Americans' know what 'americanism' is: they are doing it.

The FED has been unambiguously benefitial to the US. Claims like the FED has empoverished We The People in the US since 1913 is an 'american' claim.
A claim so thick it takes submission to swallow it.

Tue, 05/07/2013 - 23:55 | Link to Comment tony bonn
tony bonn's picture

it's long past time to abolish satan's little workshop of whores....

Wed, 05/08/2013 - 00:07 | Link to Comment WAMO556
WAMO556's picture

In 2005, Bernanke said that we shouldn't worry because housing prices had never declined on a nationwide basis before and he said that he believed that the U.S. would continue to experience close to "full employment"....

"We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though."

What he meant was that the price of HIS HOUSE did not go down. You have to remember that these psychopaths and sociopaths don't give a rat-spit about anyone else other themselves. Once you have that understanding, then everything that these clowns say, makes sense.

Wed, 05/08/2013 - 00:07 | Link to Comment Space142
Space142's picture

we can turn this sinking ship around by getting some celebs to help get a million plus signatures on a petition and take it to Nancy pelosi, Obama, and Lindsey Graham they will surely help!

Wed, 05/08/2013 - 00:13 | Link to Comment The Heart
The Heart's picture

Outstanding report. There is no place on the planet that the light shines so brightly as it does here on ZH. Amazing grace is in the righteous poetry of truth. Much thanks, and many respects to the Tyler of these Great Halls.

If only the great Arron Russo could be here today to see this. It was always nice hearing him on the radio as he told about the beast, and shared his movie that was prolly one of the greatest tools ever created and given to wake the people. It did well in describing what this evil money god thing is. It was at a time when so many were, as they still are, profiting from the truth. In an email, Arron was encouraged to give it away for free, because the rewards later would be far greater than the persistence in the money making from his DVD, and the time involved to do that. Thereafter, he was on a well known talk radio show and said, "It's not about the money" when discussing getting his movie out to everyone possible. That was at 1:57 pm 10-26-06. Time proved that true, and now he most probably knows those rewards well.

IMO Arron Russo:

https://www.youtube.com/watch?v=O6ayb02bwp0

Wed, 05/08/2013 - 01:13 | Link to Comment TNTARG
TNTARG's picture

As I've been saying in many previous comments, that's the way they've taken over the States and the same thing is in the UE with the Euro and the ECB.

The ECB does not belong to the UE States but to Central Banks of those States which are also private owned. Bankitalia does not belong to the Italian Republic and so on. Moreover, shareholders of the ECB are Bank of England and also Sweden, States that doesn't have the Euro as currency.

They had the same strategy for Latin America with the ALCA Bush was trying to settle but didn't succeed. Anyway, Ecuador was made to give up their currency and take de dollar instead, and Argentina was for almost ten year in a scheme of the sort with "Convertibility", that is the value of the pesos tied to the US dollar. They were at the point of privatizing the Central Bank when a popular revolt took over the government in 2001. 30 people died and 300 were wounded.

They've managed to take control over the governments at the point they've placed their people as the gvt itself in the US, the UE and in some other countries.

More than a slogan, "End the FED" is a matter of survival. So it is "End the ECB" and taking back central banks to the States as well as currencies. Otherwise is the never ending debt and turns out they own everything. A few are going to own EVERYTHING.

 

Wed, 05/08/2013 - 01:37 | Link to Comment Harbanger
Harbanger's picture

I read an article that said American dollars where a matter of survival in Argentina.  Did Pres. Kirschner nationalize the Argentine central bank?  I read that trading in US dollars is illegal there.  Should I bring Cash? I want to go on vacation, I don't want to get arrested. 

Wed, 05/08/2013 - 06:47 | Link to Comment TNTARG
TNTARG's picture

No, my friend, you know nothing.

The Central Bank was a private entity during its first decade, and British Empire interests held a majority stake; the president of the Central Bank was appointed by the president of Argentina, but 11 of its 12 directors were private bank CEOs. Pursuant to the Roca–Runciman Treaty of 1933, Central Bank reserves accrued from Argentine trade surpluses with the United Kingdom were deposited in escrow at the Bank of England, and this clause, which had led to over US$1 billion in inaccessible reserves (more than half the total) by 1945, prompted the BCRA's nationalization on March 24, 1946.

SNB (Swiss National Bank) is also controled by public institutions: About 55% of its shares are owned by public institutions. Go to BIS site and check your data or Just Wiki.

For the rest, you are also missinformed. International tourism has  seen healthy growth (nearly doubling since 2001).

Remember that the international banking cartel, who OWNS / CONTROLS most of the MSM, won't give you accurate information about anything.

American dollars a matter of survival?

Trying to keep banksters out of our finances is a matter of survival! Which as you well are supposed to know, isn't easy but can be done.


Wed, 05/08/2013 - 06:59 | Link to Comment TNTARG
TNTARG's picture

Check all and every "official" stories, my friend.

As this:

http://www.youtube.com/watch?v=Gl8p16YE2YY&list=PLEA05F393EC843D80

Wed, 05/08/2013 - 02:08 | Link to Comment PGR88
PGR88's picture

There will have to be some kind of major war before there is any chance to get rid of the Fed.

Wed, 05/08/2013 - 02:35 | Link to Comment Hobbleknee
Hobbleknee's picture

You can't fund a major war without borrowing from the Federal Reserve.  Ironic?

Wed, 05/08/2013 - 02:54 | Link to Comment KashNCarry
KashNCarry's picture

"Chocolate Chip Cookies: 39%" !!  The FED has to go!

Wed, 05/08/2013 - 03:08 | Link to Comment Mr. Hudson
Mr. Hudson's picture

America had its chance to do away with the Fed and crack down on Wall Street with the "Occupy Wall Street" movement, but everybody bought into the attacks made on Occupy Wall Street by the MSM, and the movement is now finished. Too bad you all didn't rally around this movement, because now, it's too late.

Wed, 05/08/2013 - 11:09 | Link to Comment Badabing
Badabing's picture

Occupy played by the rules, what we need is a Movement In Liberty In Truth In America or MILITIA for short, who’s motto is “this will not be a peaceful demonstration” and who’s prime directive is to detain individuals under citizens arrest that have Corzined the people and not stood trial.

Wed, 05/08/2013 - 03:20 | Link to Comment Loophole
Loophole's picture

We are forced by the legal tender laws and in other ways to use govt issued fiat money so that politicians and their friends can rob us by creating all the money they want. The Federal Reserve system is the mechanism with which they create this money.

Wed, 05/08/2013 - 03:27 | Link to Comment Dre4dwolf
Dre4dwolf's picture

Seriously, the Federal Reserve system is probably the worst one - sided system  you could ever dream up, it completely puts the economy and the public at large at the complete mercy/  control and disposale of the banks, if the banks want a bailout they are going to get it because they are holding EVERYONES money hostage due to the nature of "fractional reserve banking " which pretty much means " we hold youre money, counterfeit it and worry about paying you back never if the ponze fails!"

 

ITS A COMPLETE FRAUD of a system.... it actually has NO LEGITIMATE EXCUSE for the way it operates, its a RELIC from the Victorian Mobster Age...... 

 

It has failed on EACH OF ITS MANDATES:

Price Stability ? IT FAILED PRICES ARE UP probably over 300% from its inception.

Employment? yea if you cook the numbers, lie, makeup charts by letting 3 year olds play with crayons, than MAYBE you can say it achieved full employment, how can you have full employment when everyones capital is devaluing and they can't afford to pay workers? inflation = mass lay-offs, because the price of materials, equipement drive the price of goods and production up, which means less people buying stuff because the stuff is over-priced compared to their wages.

 

Its better to produce 100 Cars at 1000$ and sell them for 5000$ than it is to produce one car for 100,000$ and sell them for 150,000$ to no body  (the economy benefits because more actual wealth(cars)  (not worthless cash) is produced ~!

 

Fucking Banksters like "fractional banking" because it lets them gamble with make-believe money and get rich while everyone else eats the cost of THEIR BANKSTER PROSTITUTE DRUGLORD LIFE-STYLE.

 

BURN THE SYTEM DOWN

GOLD STANDARD

FUCK GDP PEOPLE DONT CARE ABOUT ECONOMIC INDICATORS THEY CARE HOW MUCH GASOLINE AND FOOD COST, EVERYTHING ELSE IS WORTHLESS TRINKETS.

What we learned here:

 

CAPITALISM IS THE BEST SYSTEM (FOR A REAL ECONOMY WHERE THE FINANCIAL SECTOR IS HEAVILY REGULATED AND LIMITED IN SIZE)

THE FINANCIAL SECTOR IS NOT ALLOWED TO PARTAKE IN CAPITALISM BECAUSE IT WILL SELF DESTRUCT THE WORLD WITH GREED, FRAUD, AND STUPIDITY FROM MORONS THINKING THEY CAN OUT-SMART THE MARKET.

Wed, 05/08/2013 - 03:26 | Link to Comment PhilofOz
PhilofOz's picture

"If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately."

Just in case it's not been said already, there'd be more than screaming, there'd be action, and all these Federal Reserve banksters would be hanging from lamp-posts.  

Wed, 05/08/2013 - 12:45 | Link to Comment Anusocracy
Anusocracy's picture

Yes, if they could be made to understand what extent they have been screwed. and to what extent their children will be screwed.

BTW, what part of Australia?

Wed, 05/08/2013 - 18:32 | Link to Comment PhilofOz
PhilofOz's picture

Sleepy Adelaide.

Fri, 05/10/2013 - 13:36 | Link to Comment Anusocracy
Anusocracy's picture

I thought of it as one giant cow town. I liked it though, as well as all of Australia that I saw.

Wed, 05/08/2013 - 13:12 | Link to Comment Anusocracy
Anusocracy's picture

Yes, if they could be made to understand what extent they have been screwed. and to what extent their children will be screwed.

BTW, what part of Australia?

Wed, 05/08/2013 - 05:37 | Link to Comment PrDtR
PrDtR's picture

It is INDEED satanic power behind the curtain..

But most people are blind to it.. they believe in UFOs more than a living, loving GOD.. they refuse to accept the GIFT OF SALVATION..

The UFOS they believe in are fallen angels, demonic in origin.. study the evidence..

Watch: "UFOs the hidden truth" on youtube and study carefully.. you may find yourself picking up a Bible to see what is in it!

Wed, 05/08/2013 - 05:37 | Link to Comment Balvan
Balvan's picture

That economic collapse guy is fundamentalist Christian Jesus freak, paranoid schizophrenic.

Wed, 05/08/2013 - 06:40 | Link to Comment AnAnonymous
AnAnonymous's picture

So if our greatest period of economic prosperity was during a time when there was no Federal Reserve, then why shouldn't we try such a system again?

_____________________

Why? Quite easy. Because those generous sponsors known as the Indians are a difficult commodity to find these days.
Very difficult.

Wed, 05/08/2013 - 06:50 | Link to Comment Bearwagon
Bearwagon's picture

Difficult to find commodity? What? Have you ever looked in Tibet?!

Wed, 05/08/2013 - 10:05 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Funny stuff. Best. AnAnonymous runs away from Tibet discussions, fearing self indiction.

Quite telling the 'AnAnonymist' avoidance discussion pertainings Chinese Citizenism Communautist Party finding ample indians lands for theft and blobbing up in Ladakh region.

Of course, Ladakh is former Tibets territories, and the nature of 'AnAnonymist' Chinese citizenism anti-Tibets racism is eternal.

But hey, Chinese citizenism propagandists will say anything, save for self indiction, to justify genocidery of Tibets.

Wed, 05/08/2013 - 07:08 | Link to Comment blindman
blindman's picture

ditto,
end the fed.
Secrets of the Federal Reserve: U.S. Economy, Finance and Wealth
http://www.youtube.com/watch?v=_WDKD-G7AiU
.

Wed, 05/08/2013 - 07:09 | Link to Comment auric1234
auric1234's picture

There is no real need to abolish the Fed.

What we need is for the public to realize that the emperor is naked and that the Fed is a broke bank which doesn't have any money (gold). Once everyone realizes that all the Fed does is printing paper and changing bits in a database, they can move on with their lives, use real money and ignore the Fed entirely.

We do, however, need to repel the laws that endorse Fed paper, such as legal tender laws. Considering these laws violate the Constitution. Why can't any of you americans challenge them in court?

 

Wed, 05/08/2013 - 18:34 | Link to Comment PhilofOz
PhilofOz's picture

A supreme court that appears just a brought by the banksters as most of the politicians are?

Wed, 05/08/2013 - 20:47 | Link to Comment auric1234
auric1234's picture

If what you say is true, someone needs to try in order to expose them.

How come nobody has?

 

Wed, 05/08/2013 - 07:16 | Link to Comment TNTARG
TNTARG's picture

Also see this and re-think about the "banana republic" concept.

People has been brainwashed for too long.

http://www.youtube.com/watch?v=Ui0NL3bb21o

Wed, 05/08/2013 - 08:00 | Link to Comment Downtoolong
Downtoolong's picture

Most Americans don't even understand where money comes from. If you don't believe this, just go out on the street and ask regular people where money comes from.

If you watch the excellent documentary video, Fiat Empire (http://topdocumentaryfilms.com/fiat-empire/) there are numerous examples of people on the street fumbling with this very question. Near the end, they finally find one guy who admits with a shit-eating grin on his face, “They print it”. He must have been an employee of the Fed, U.S. Treasury, or a major bank. It’s funny, in a not-so-funny way.

Wed, 05/08/2013 - 10:19 | Link to Comment jjsilver
jjsilver's picture

The two most important reasons aren't even listed.

 

1.Congress never had the authority to contract out money creation to a private company that charges interest.

 

2. The federal reserve did not provide consideration, they put nothing up, they had no skin in the game.

 

example: The federal reserve muscles it's way in and says we are now going to flush the toilet for you and you need to pay us a fee (interest) everytime we flush the toilet for you. Did I ever need them to flush the toilet in the first instance. This is exactly what is happening with our currency, which is also being flushed down the toilet by this criminal cartel. Robbing us and now trying to enslave us and bring in their one world technocratic communist dictatorship. You all better wake up fast and resist and resist hard.

 

We shall have world government whether or not we like it. The only question is whether world government will be achieved by conquest or consent."
-- James Paul Warburg - In an address to the U.S. Senate, July 17th, 1950

"Unless Bolshevism is nipped in the bud immediately it is bound to
spread in one form or another all over Europe and the whole world, as it is
organized and worked by Jews who have no nationality and whose object is to
destroy for their own ends the existing order of things."
British Government White Paper, Russia No. 1 (1919)

“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.”
? John Adams

 

 

Wed, 05/08/2013 - 10:18 | Link to Comment agmand
agmand's picture

13.  (a) It is an UNCONSTITUTIONALLY created bastard entity, (b)that deals in UNCONSTITUTIONAL, bastard, worthless fiat currency.

 

(a) Article 1, section 8 of the US Constitution:

"The Congress shall have Power . . . To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures"

 

(b) Article 1, section 10 of the US Constitution:

"No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts;"

 

To change any of the Constitutional provisions would have required CONSTITUTIONAL AMENDMENTS.

No such amendments exist ... 

 

Wed, 05/08/2013 - 10:20 | Link to Comment nathan1234
nathan1234's picture

If the American people truly understood how the Federal Reserve system works.

They dont understand- period.

Including graduates from Harvard, Stanford and Wharton.

Neither do the Senators or the Congressmen/women.

That's why the US is going down the shaft.

Wed, 05/08/2013 - 10:29 | Link to Comment Dexter Morgan
Dexter Morgan's picture

With the MSM fully bought and paid for, good luck on getting the sheeple educated.

Wed, 05/08/2013 - 10:35 | Link to Comment blindman
blindman's picture

Secret History of the American Federal Reserve System
http://www.youtube.com/watch?v=iNh6K8bZkdM&NR=1&feature=fvwp
.
the federal reserve is a criminal conspiracy.

Wed, 05/08/2013 - 10:48 | Link to Comment OpTwoMistic
OpTwoMistic's picture

 

all the money in the world, given to banks will not create one non-bank job.

On the other hand, the price of my beer has not moved in 10 years.  CONgress likes beer.

Wed, 05/08/2013 - 11:41 | Link to Comment Neo1
Neo1's picture

Use federal reserve notes and incur an Irrecusable obligation.

A Banksters defeatism (realization of defeat) nightmare, Being forced to Return to Real Money=United States Note=Lawful Money, Use the Remedy within the Federal Reserve Act. Redeemed 12USC411, Refusal Penalty 12USC501a http://savingtosuitorsclub.net  Stop being a Slave!!!!!! This is Tax Free Money!!!!!!  http://stormthunder.com/

Convincing Congress to Abolish the Fed   http://www.silverbearcafe.com/private/convincing.html

Irrecusable obligation, which according to 'Bouvier's Law Dictionary' (1914 ed.), is "a term used to indicate a certain class of contractual obligations recognized by the law which are imposed upon a person without his consent and without regard to any act of his own." This is distinguished from a recusable obligation, which according to Bouvier, arises from a voluntary act by which one incurs the obligation imposed by the operation of law. The Income Tax succinctly described is an irrecusable obligation.

The obligation to make a return of income for using private credit is recognized in law as an irrecusable obligation. The voluntary use of private credit is the condition precedent, which imposes the irrecusable obligation to file a tax return. If private credit is not used or rejected, then the operation of law, which imposes the irrecusable obligation lies dormant and cannot apply.

Wed, 05/08/2013 - 12:24 | Link to Comment monad
monad's picture

 

 

Cocaine     -40%

Speed       -50%

Heroin       -60%

Pot          +400% 

Political campaigns +5000% 

Legal fees +10000% 

Military/police hardware +200000% 

So you see, TPTB are also taking a hit, not just you subservient muppets. And keep in mind the reason those food prices haven't gone up farther is because they are now made with dirt cheap toxic GMO food substitutes, whereas the quality of street drugs has gone through the roof. 

Wed, 05/08/2013 - 19:41 | Link to Comment mcgoverntm
mcgoverntm's picture

The American people, overall, support the Fed and that support is self-destructive, so why do they do it?  Is is simply ignorance fostered by government-controlled primary schools and the MSM?  PBS has a story titled "The Stockholm Syndrome and Printing Money," by former Goldman Sachs trader Terry Burnham, and it's worth reading.

http://www.pbs.org/newshour/businessdesk/2013/05/the-stockholm-syndrome-...

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