On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever

Tyler Durden's picture

Submitted by Michael Snyder of The Economic Collapse blog,

December 23rd, 1913 is a date which will live in infamy.  That was the day when the Federal Reserve Act was pushed through Congress.  Many members of Congress were absent that day, and the general public was distracted with holiday preparations.  Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don't know what it actually is or how it functions.  But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems. 

Since the Federal Reserve was created, there have been 18 recessions or depressions, the value of the U.S. dollar has declined by 98 percent, and the U.S. national debt has gotten more than 5000 times larger.  This insidious debt-based financial system has literally made debt slaves out of all of us, and it is systematically destroying the bright future that our children and our grandchildren were supposed to have.  If nothing is done, we are inevitably heading for a massive amount of economic pain as a nation. The following are 100 reasons why the Federal Reserve should be shut down forever...

#1 We like to think that we have a government "of the people, by the people, for the people", but the truth is that an unelected, unaccountable group of central planners has far more power over our economy than anyone else in our society does.

#2 The Federal Reserve is actually "independent" of the government.  In fact, the Federal Reserve has argued vehemently in federal court that it is "not an agency" of the federal government and therefore not subject to the Freedom of Information Act.

#3 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized "much like private corporations".

#4 The regional Federal Reserve banks issue shares of stock to the "member banks" that own them.

#5 100% of the shareholders of the Federal Reserve are private banks.  The U.S. government owns zero shares.

#6 The Federal Reserve is not an agency of the federal government, but it has been given power to regulate our banks and financial institutions.  This should not be happening.

#7 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?

#8 If you look at a "U.S. dollar", it actually says "Federal Reserve note" at the top.  In the financial world, a "note" is an instrument of debt.

#9 In 1963, President John F. Kennedy issued Executive Order 11110 which authorized the U.S. Treasury to issue "United States notes" which were created by the U.S. government directly and not by the Federal Reserve.  He was assassinated shortly thereafter.

#10 Many of the debt-free United States notes issued under President Kennedy are still in circulation today.

#11 The Federal Reserve determines what levels some of the most important interest rates in our system are going to be set at.  In a free market system, the free market would determine those interest rates.

#12 The Federal Reserve has become so powerful that it is now known as "the fourth branch of government".

#13 The greatest period of economic growth in U.S. history was when there was no central bank.

#14 The Federal Reserve was designed to be a perpetual debt machine.  The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape.  Since the Federal Reserve was established 100 years ago, the U.S. national debt has gotten more than 5000 times larger.

#15 A permanent federal income tax was established the exact same year that the Federal Reserve was created.  This was not a coincidence.  In order to pay for all of the government debt that the Federal Reserve would create, a federal income tax was necessary.  The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#16 The period prior to 1913 (when there was no income tax) was the greatest period of economic growth in U.S. history.

#17 Today, the U.S. tax code is about 13 miles long.

#18 From the time that the Federal Reserve was created until now, the U.S. dollar has lost 98 percent of its value.

#19 From the time that President Nixon took us off the gold standard until now, the U.S. dollar has lost 83 percent of its value.

#20 During the 100 years before the Federal Reserve was created, the U.S. economy rarely had any problems with inflation.  But since the Federal Reserve was established, the U.S. economy has experienced constant and never ending inflation.

#21 In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent.  In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent.

#22 The Federal Reserve has stripped the middle class of trillions of dollars of wealth through the hidden tax of inflation.

#23 The size of M1 has nearly doubled since 2008 thanks to the reckless money printing that the Federal Reserve has been doing.

#24 The Federal Reserve has been starting to behave like the Weimar Republic, and we all remember how that ended.

#25 The Federal Reserve has been consistently lying to us about the level of inflation in our economy.  If the inflation rate was still calculated the same way that it was back when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10 percent today.

#26 Since the Federal Reserve was created, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.

#27 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#28 The Federal Reserve created the conditions that caused the stock market crash of 1929, and even Ben Bernanke admits that the response by the Fed to that crisis made the Great Depression even worse than it should have been.

#29 The "easy money" policies of former Fed Chairman Alan Greenspan set the stage for the great financial crisis of 2008.

#30 Without the Federal Reserve, the "subprime mortgage meltdown" would probably never have happened.

#31 If you can believe it, there have been 10 different economic recessions since 1950.  The Federal Reserve created the "dotcom bubble", the Federal Reserve created the "housing bubble" and now it has created the largest bond bubble in the history of the planet.

#32 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis.  The following is a list of loan recipients that was taken directly from page 131 of the report...

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

#33 The Federal Reserve also paid those big banks $659.4 million in "fees" to help "administer" those secret loans.

#34 During the last financial crisis, big European banks were allowed to borrow an "unlimited" amount of money from the Federal Reserve at ultra-low interest rates.

#35 The "easy money" policies of Federal Reserve Chairman Ben Bernanke have created the largest financial bubble this nation has ever seen, and this has set the stage for the great financial crisis that we are rapidly approaching.

#36 Since late 2008, the size of the Federal Reserve balance sheet has grown from less than a trillion dollars to more than 4 trillion dollars.  This is complete and utter insanity.

#37 During the quantitative easing era, the value of the financial securities that the Fed has accumulated is greater than the total amount of publicly held debt that the U.S. government accumulated from the presidency of George Washington through the end of the presidency of Bill Clinton.

#38 Overall, the Federal Reserve now holds more than 32 percent of all 10 year equivalents, and that percentage is rising by about 0.3 percent each week.

#39 Quantitative easing creates financial bubbles, and when quantitative easing ends those bubbles tend to deflate rapidly.

#40 Most of the new money created by quantitative easing has ended up in the hands of the very wealthy.

#41 According to a prominent Federal Reserve insider, quantitative easing has been one giant "subsidy" for Wall Street banks.

#42 As one CNBC article recently stated, we are seeing absolutely rampant inflation in "stocks and bonds and art and Ferraris".

#43 Donald Trump once made the following statement about quantitative easing: "People like me will benefit from this."

#44 Most people have never heard about this, but a very interesting study conducted for the Bank of England shows that quantitative easing actually increases the gap between the wealthy and the poor.

#45 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.

#46 The mainstream media has sold quantitative easing to the American public as an "economic stimulus program", but the truth is that the percentage of Americans that have a job has actually gone down since quantitative easing first began.

#47 The Federal Reserve is supposed to be able to guide the nation toward "full employment", but the reality of the matter is that an all-time record 102 million working age Americans do not have a job right now.  That number has risen by about 27 million since the year 2000.

#48 For years, the projections of economic growth by the Federal Reserve have consistently overstated the strength of the U.S. economy.  But every single time, the mainstream media continues to report that these numbers are "reliable" even though all they actually represent is wishful thinking.

#49 The Federal Reserve system fuels the growth of government, and the growth of government fuels the growth of the Federal Reserve system.  Since 1970, federal spending has grown nearly 12 times as rapidly as median household income has.

#50 The Federal Reserve is supposed to look out for the health of all U.S. banks, but the truth is that they only seem to be concerned about the big ones.  In 1985, there were more than 18,000 banks in the United States.  Today, there are only 6,891 left.

#51 The six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years.

#52 The U.S. banking system has 14.4 trillion dollars in total assets.  The six largest banks now account for 67 percent of those assets and all of the other banks account for only 33 percent of those assets.

#53 The five largest banks now account for 42 percent of all loans in the United States.

#54 We were told that the purpose of quantitative easing is to help "stimulate the economy", but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in "excess reserves" that they have parked at the Fed.

#55 The Federal Reserve has allowed an absolutely gigantic derivatives bubble to inflate which could destroy our financial system at any moment.  Right now, four of the "too big to fail" banks each have total exposure to derivatives that is well in excess of 40 trillion dollars.

#56 The total exposure that Goldman Sachs has to derivatives contracts is more than 381 times greater than their total assets.

#57 Federal Reserve Chairman Ben Bernanke has a track record of failure that would make the Chicago Cubs look good.

#58 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.

#59 The Federal Reserve was created by the big Wall Street banks and for the benefit of the big Wall Street banks.

#60 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.

#61 There has never been a true comprehensive audit of the Federal Reserve since it was created back in 1913.

#62 The Federal Reserve system has been described as "the biggest Ponzi scheme in the history of the world".

#63 The following comes directly from the Fed's official mission statement: "To provide the nation with a safer, more flexible, and more stable monetary and financial system."  Without a doubt, the Federal Reserve has failed in those tasks dramatically.

#64 The Fed decides what the target rate of inflation should be, what the target rate of unemployment should be and what the size of the money supply is going to be.  This is quite similar to the "central planning" that goes on in communist nations, but very few people in our government seem upset by this.

#65 A couple of years ago, Federal Reserve officials walked into one bank in Oklahoma and demanded that they take down all the Bible verses and all the Christmas buttons that the bank had been displaying.

#66 The Federal Reserve has taken some other very frightening steps in recent years.  For example, back in 2011 the Federal Reserve announced plans to identify "key bloggers" and to monitor "billions of conversations" about the Fed on Facebook, Twitter, forums and blogs.  Someone at the Fed will almost certainly end up reading this article.

#67 Thanks to this endless debt spiral that we are trapped in, a massive amount of money is transferred out of our pockets and into the pockets of the ultra-wealthy each year.  Incredibly, the U.S. government spent more than 415 billion dollars just on interest on the national debt in 2013.

#68 In September, the average rate of interest on the government’s marketable debt was 1.981 percent.  In January 2000, the average rate of interest on the government’s marketable debt was 6.620 percent.  If we got back to that level today, we would be paying more than a trillion dollars a year just in interest on the national debt and it would collapse our entire financial system.

#69 The American people are being killed by compound interest but most of them don't even understand what it is.  Albert Einstein once made the following statement about compound interest...

"Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it."

#70 Most Americans have absolutely no idea where money comes from.  The truth is that the Federal Reserve just creates it out of thin air.  The following is how I have previously described how money is normally created by the Fed in our system...

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.

#71 What does the Federal Reserve do with those U.S. Treasury bonds?  They end up getting auctioned off to the highest bidder.  But this entire process actually creates more debt than it does money...

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.

#72 Of course the U.S. government could actually create money and spend it directly into the economy without the Federal Reserve being involved at all.  But then we wouldn't be 17 trillion dollars in debt and that wouldn't serve the interests of the bankers at all.

#73 The following is what Thomas Edison once had to say about our absolutely insane debt-based financial system...

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.

#74 The United States now 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.

#75 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.

#76 At this moment, the U.S. national debt is sitting at $17,251,528,475,994.19.  If we had followed the advice of Thomas Jefferson, it would be sitting at zero.

#77 When the Federal Reserve was first established, the U.S. national debt was sitting at about 2.9 billion dollars.  On average, we have been adding more than that to the national debt every single day since Obama has been in the White House.

#78 We are on pace to accumulate more new debt under the 8 years of the Obama administration than we did under all of the other presidents in all of U.S. history combined.

#79 If all of the new debt that has been accumulated since John Boehner became Speaker of the House had been given directly to the American people instead, every household in America would have been able to buy a new truck.

#80 Between 2008 and 2012, U.S. government debt grew by 60.7 percent, but U.S. GDP only grew by a total of about 8.5 percent during that entire time period.

#81 Since 2007, the U.S. debt to GDP ratio has increased from 66.6 percent to 101.6 percent.

#82 According to the U.S. Treasury, foreigners hold approximately 5.6 trillion dollars of our debt.

#83 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.

#84 As I have written about previously, if the U.S. national debt was reduced to a stack of one dollar bills it would circle the earth at the equator 45 times.

#85 If Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

#86 Sometimes we forget just how much money a trillion dollars is.  If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

#87 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#88 In addition to all of our debt, the U.S. government has also accumulated more than 200 trillion dollars in unfunded liabilities.  So where in the world will all of that money come from?

#89 The greatest damage that quantitative easing has been causing to our economy is the fact that it is destroying worldwide faith in the U.S. dollar and in U.S. debt.  If the rest of the world stops using our dollars and stops buying our debt, we are going to be in a massive amount of trouble.

#90 Over the past several years, the Federal Reserve has been monetizing a staggering amount of U.S. government debt even though Ben Bernanke once promised that he would never do this.

#91 China recently announced that they are going to quit stockpiling more U.S. dollars.  If the Federal Reserve was not recklessly printing money, this would probably not have happened.

#92 Most Americans have no idea that one of our most famous presidents was absolutely obsessed with getting rid of central banking in the United States.  The following is a February 1834 quote by President Andrew Jackson about the evils of central banking....

I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, (bringing his fist down on the table) I will rout you out.

#93 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank.  Are we supposed to believe that this is just some sort of a bizarre coincidence?

#94 The capstone of the global central banking system is an organization known as the Bank for International Settlements.  The following is how I described this organization in a previous article...

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that "it is not accountable to any single national government."  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another "Global Economy Meeting".  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

#95 The borrower is the servant of the lender, and the Federal Reserve has turned all of us into debt slaves.

#96 Debt is a form of social control, and the global elite use all of this debt to dominate all the rest of us.  40 years ago, the total amount of debt in our system (all government debt, all business debt, all consumer debt, etc.) was sitting at about 2 trillion dollars.  Today, the grand total exceeds 56 trillion dollars.

#97 Unless something dramatic is done, our children and our grandchildren will be debt slaves for their entire lives as they service our debts and pay for our mistakes.

#98 Now that you know this information, you are responsible for doing something about it.

#99 Congress has the power to shut down the Federal Reserve any time that they would like.  But right now most of our politicians fully endorse the current system, and nothing is ever going to happen until the American people start demanding change.

#100 The design of the Federal Reserve system was flawed from the very beginning.  If something is not done very rapidly, it is inevitable that our entire financial system is going to suffer an absolutely nightmarish collapse.

The truth is that we do not have to have a Federal Reserve.  The greatest period of economic growth in U.S. history was when we did not have a central bank.  If we are ever going to turn this nation around economically, we are going to have to get rid of this debt-based financial system that is centered around the Federal Reserve.  On the path that we are on now, there is no hope.  Please share this article with as many people as you can.  It is imperative that we try to wake the American people up while we still have time.

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yrad's picture

#101 -- cuz we at ZH say so!

jekyll island's picture

#100 The design of the Federal Reserve system was flawed from the very beginning.


Oh, pleeeeezzz.  I can't believe this shit.  The fed was designed to produce exactly what it accomplished.  

hedgeless_horseman's picture



Required reading...

The Creature from Jekyll Island: A Second Look at the Federal Reserve, 5th Edition
G Edward Griffin, $    24.50
Griffin explains money, banks, and some important history.  A must read for everyone in America today.

jekyll island's picture

Absolutely, I named my account as an homage to Griffin's book.  The last chapter is eye opening, if you take the red pill.  

pods's picture

Griffin's was good. So was Mullin's work.

Author above fell for the Kennedy was going to take back the power of the purse though.  Simply not true.


(This was also written by Griffin.) 


Pladizow's picture

"If America doesnt abolish the Fed, the Fed will abolish America." - Griffin - http://www.youtube.com/watch?v=TgKHLmYG8qQ

pods's picture

I like Griffin, but he is way too optimistic for me.  For me, I do not think this gets reset without a lot of innocent people dying.  Sucks, but that is how I see it.

If that does not happen, I think that we will be futher indebted to the bankers and people will rejoice at being saved by the SDR or whateve the next debt backed currency is.

Sucks ass when you root for bloodshed, but I do not see this being changed without a lot of it. And I do not want us to fall deeper into servitude to the banks and government.


Say What Again's picture

I heard that there was an anniversary card circulating around the office that is going to be sent to the federal preserve.  I wanted to include my note to the scum bags, thanking them for handing over the wealth of our nation to the bankers.  If anyone gets the card, please forward it my way.

Happy Holidays

therearetoomanyidiots's picture

Noticed a lot of small family style restaurants going out of business and big cuts and bankruptcy in health care companies. 

This is fucked.   Recovery my ass.

SafelyGraze's picture

not to forget the *other* ben

the one with the printing press

"As we have already experienced how much the Increase of our Currency by what Paper Money has been made, has encouraged our Trade ..."


A Modest Enquiry into the Nature and Necessity of Paper Currency (1729) by Benjamin Franklin

All Risk No Reward's picture

Reason 1-100...  The Federal Reserve is a black letter law criminal organization.

"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."
~Section 2A, Federal Reserve Act

You will note there is no dual mandate.  There is a singular mandate... "shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production..."

That's it people.  There are multiple expected results from FOLLOWING THAT SINGULAR MANDATE.

The problem is that they took monetary and credit aggregates parabolic (exponential) to the nation's realized production!


That's criminal, people.

But most people can't read and believe their own eyes.  The Banksterfinanced TeeVee PROGRAMMER and Bankster financed politician both tell me there is a dual mandate...  and in classic fashion more Orwellian than anything in 1984, most can't believe their own eyes and choose to believe that the results of the mandate are the mandate itself and the real mandate doesn't even apply!

Note that the "law" that applies to these criminals has no penalty associated with it.

Some animals are more equal than others, indeed!

I'm amazed at the slave mind that doesn't allow people to be offended by this blatant criminality and double standards right in front of their face.

All Risk No Reward's picture

No, it is as deadly as war because it is war.

"All war is deception."
~Sun Tzu

More deadly than conventional warfare, sure. 

But make no mistake...  THIS IS WAR.


It is so sophistcated that only a few of the top 1% of clued in people in society have a clue this is actually war and the rest think these people are stupid which, by the way, is an Art of War tactic.

"Pretend inferiority."
~Sun Tzu, Art of War

HardAssets's picture

Ed Griffin is no Pollyannna. He knows the situation and how dire it is. (I got the chance to talk with him during an all day conference that he gave a few years ago. At the lunch break several of us sat around the table with Mr. Griffin and talked while we ate our chicken.) He knows that the good guys will have to take the place of the criminals who are currently in positions of influence and authority. These are the 'power centers of society' that Griffin refers to.




Rafferty's picture

Sadly I agree.  The Stalinist special powers now being granted to the President and the militarizing of internal security forces suggests TPTB expect the same.

Dugald's picture

How do you get rid of the Fed when the political system is so corrupt.....

think you are fucked.....every which way!

Dick Buttkiss's picture

"If America doesnt abolish the Fed, the Fed will abolish America." 

Accepting the inevitability of the latter, one should do one's best to prepare — http://readynutrition.com/resources/52-weeks-to-preparedness-an-introduc... — while otherwise going about one's business and internalizing this actionable thought:

America is dead. Long live America.

jekyll island's picture


Yeah, that silver certificate thing was off base.  He went down the rabbit hole with that theory.  Besides we know Kennedy was killed because Marilyn Monroe was mole planted by the Soviets and JFK was going to shred the Military Industrial Complex due to her influence over his, ahh, man parts.   The smoking man was in the sewer, I saw it on the X files.  

pods's picture

I don't know why he was killed, all I know is that it wasn't because he was going to take power away from the banks.

Most people have come to accept that theory as fact, and I am the one that looks like he is down the rabbit hole.  Of course, with Griffin as company, I don't mind.

I used to believe that he was trying to take back power with that EO.  When I realized what that EO did, I was better for it.  I stopped looking for heroes.  It was okay if he was owned. They all are.



All Risk No Reward's picture

>>I don't know why he was killed, all I know is that it wasn't because he was going to take power away from the banks.<<

pods, you are thinking too myopically.

The Banksters don't just control money, they control the tools to defend their control of money as well - IOW, they also run the war complex as well.

Kennedy rejected Operation Northwoods and shut down the Banksters plan for false flag wars to keep indebting society, to scare society and to maximize their war complex profits (their legal corporate mandate!).

Kennedy also was making an effort to break up the CIA due to his observation that they had gone rogue on him (JFK actually thought he was the decider!).

Anyway, the Banksters wanted their false flag war.  They couldn't assassinate JFK's character because Barry Goldwater would have taken over and they didn't have him on a tight leash.

They couldn't just assassinate JFK becauase then Robert Kennedy would have won and offered similar resistance to JFK.  Robert had to go, too.  And he did.

The only way to take Operation Northwoods live against Vietnam in the Gulf of Tonkin was for LBJ to secure the presidency.  And he did.

If either JFK or Robert Kennedy had lived, there would have been no Vietnam War and Operation Gladio over in Europe would have been on very shaky ground.

Also note that LL Lemnitzer was the lead signature on the Operation Northwoods false flag international war crime proposal to Kennedy.  Lemnitzer went on to head up the Gladio false flag operations in Europe after he was made Grand Poo Bah of NATO (promote false flag international war crimes, NATO has a top job for you - it is so sick!).  Can you imagine Kennedy sitting quiet while Lemnitzer was running Gladio false flag murder campaigns over in Europe?  Neither could the Banksters.

As for the CIA, by my count they've had an operative in the White house for at least 33 straight years.  Probably longer...  and they definitely had Rockefeller operatives telling Presidents what to do all the way back to LBJ.

JFK thought he was going to dismantle the CIA (which ultimately reports to the Banksters and calls themselves "The Company")...  uh, no...  the plan was for them to TAKE OVER THE WHITE HOUSE.

We know who won.

As an aside, MLK was killed on the one anniversary of his anti-Vietnam speech.  There are foot prints if you know where to look.

In conclusion, JFK very much angered the Banksters, but not because he was going to end debt based money - he wasn't.  Who knows if he was even aware of how it operated.  But Kennedy very much angered the Banksters by trying to restrain their dual war mongering operation (bombs for the "enemy" and inextinguishable debt for for the host nation).

The b*stards are mutli-faceted.

HardAssets's picture

The long time influence on JFK was by Mary Pincot Meyer with whom he had a long time love affair. Meyer was beautiful, intelligent, charming and classy ( and from the same social circles as JFK). It is speculated in the book "Mary's Mosaic" by Peter Janney that she had a strong influence on JFK's decisions to ratchet down the Cold War.

Monroe was a fling, not an influence.

GVB's picture

Looks like "Mr. or Mrs. -1" is here again. Same person as during IMF threads? He must be in love with TPTB...

Debt-Is-Not-Money's picture

Congrats, you beat me to it!

Zadok's picture

I just want some crisp honesty, apparently that is too much to ask however this line comes pretty close.

' If we are ever going to turn this nation around economically, we are going to have to get rid of this debt-based financial system that is centered around the Federal Reserve.  On the path that we are on now, there is no hope. '

Silly 'solutions' w/o addressing the cause and the big fat pachyderm carousing about on my liberty dime is just so ridiculous as to hardly be worth my breath to refute.

May God have mercy on your soul because that is the only mercy the banksters are likely to find...

HardAssets's picture

IMO when it comes to matters of government and economics a person's stand on the Federal Reserve is The litmus test. If a politician, economist, executive, or financial reporter, etc doesn't address the issue of the Fed & central banking and point out how corrupt it is . . . they are a moron or corrupt. And, just going along with things as they are is also corrupt.

If an adult American does not know what the Federal Reserve is . . . . they are ignorant as to the forces that actually run the country & endanger their freedoms. If they refuse to try to learn about the Fed when its importance is pointed out to them . . . they have the mind of a child.

Zadok's picture

I completely agree.  I have been thinning my tormenting experience with the intentionally ignorant of late.  It helps my attitude and makes me more fun to be around.  :-)

Ignorance is a choice.  Consequences and be denied for a time but not so much for the implication of said consequences.  

Not even my words, 

1Cor 14:38  But if any man bee ignorant, let him be ignorant. 

Those who understand fiat have opportunity, the sheeple, not so much as a chance.

NeedtoSecede's picture

+1 HA.  I ask about the Fed, and I ask them what their opinion is on the 10th, 16th, or 17th Amendments (any one of the three will do).  Their answers tell me everything I need to know.  Some (very few actually) I see hope for and do my best to steer them toward resources to help them unplug from the matrix.  Most of them are are asleep and are blissfully ingorant of their servitude.  And the rest of statists blowhard shitheads who think moar government is always the answer.

Secession anyone?

Divided States of America's picture

#101 The Federal Reserve should be well represented by race and culture based on the demographics of the country, not dominated 100% by one group of deceitful people.


EscapingProgress's picture

The Fed doesn't need to be shutdown. All you have to do is abolish legal tender laws and the Fed will commit suicide. Abolishing the Fed and handing over the printing presses to the US Treasury wouldn't be much of an improvement.

just-my-opinion's picture

OK...I'm not gonna read all that.....I think we all know

You screw it all up....my DAD doesn't even believe me

The end is near...I have nothing else to say

nope-1004's picture

About 90 or so of those 100 can be drilled down to 2 main reasons:


1)  The FED and money men are NOT in touch with reality, are NOT producers themselves, and have NEVER worked a real job in their life.  They are 'financial innovators' of new nefarious financial gimmicks designed to siphon wealth from the populace to themselves.  They are not interested in main street, only themselves.

2)  The FED is LIAR #1.  Their job is to lie.  EVERY press conference is a lie.  EVERY statement is a lie.  EVERY policy is a lie.  Bernanke is a liar.



pods's picture

#7 is all that is needed.  There is no amendment that gave the congress the ability to delegate it's authority to anyone.


Sean7k's picture

The FED does NOT coin money. All coins are produced by the US Mint for the Treasury department. As noted above, we HAVE TO END LEGAL TENDER LAWS.

Unknown User's picture

Unfortunately the Constitution does not say “The Congress shall coin Money” … it says “The Congress shall have Power To coin Money”.  And then they added this gem “Amendment X - The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”  So the Fed can print all the money it wants…


Milestones's picture

Panama Refining Co.v Ryan 293 U.S. 388 (1935)

:"The Congress manifestly is NOT permitted to abdicate or to transfer to others the legislative functions with which it is thus vested."

For grins read a 2 page decision that will blow you up: Western Turf Ass'n v Hyman Greenberg 204 U. S. 359. (1907) 21 years after Santa Clara.


Enjoy yur stuff.            Milestones

Milestones's picture

Panama Refining Co.v Ryan 293 U.S. 388 (1935)

:"The Congress manifestly is NOT permitted to abdicate or to transfer to others the legislative functions with which it is thus vested."

For grins read a 2 page decision that will blow you up: Western Turf Ass'n v Hyman Greenberg 204 U. S. 359. (1907) 21 years after Santa Clara.


Enjoy yur stuff.            Milestones

Clueless Economist's picture

Americans should bow down and worship the Fed.

Without the easy credit it has allowed, how would you buy a home, an automobile, the gasoline to fuel that car, credit cards to purchase goods from WalMart and various services necessary for a comfortable life???

Whining losers.  Without the intellect of Greenspan, Bernancke, and Yellen, you would be living like sub-human savages.


pods's picture

Sub-human savages that would realize their productivity gains and be able to save capital without rent seeking.

Of course, that would make for fewer opportunities for people like yourself, who tend to proliferate in times like this.

How's your back?  Those creamy hands capable of doing actual work?


Say What Again's picture

I just ran this query;

Select * from Economist where clue="none"

The results are still scrolling down the window.


Crawdaddy's picture

DROP TABLE federal_reserve
DROP TABLE protected_cronies
DROP TABLE free_shit_army
CREATE TABLE honest_money
CREATE TABLE prosecute_criminals
CREATE TABLE hang_these_political_fucking_guys
CREATE TABLE drink_beer_and_celebrate
optional...CREATE TABLE send_troy_ounce_to_crawdaddy
optional...CREATE TABLE invite_crawdaddy_to_secret_fishing_hole

optional is highly recommended

NeedleDickTheBugFucker's picture

Without the easy credit it has allowed, how would you buy a home, an automobile, the gasoline to fuel that car, credit cards to purchase goods from WalMart and various services necessary for a comfortable life???


Without "easy credit" the actual cost of the various goods and services you cited would cost a whole lot less.  Easy credit makes the monthly payments seem more manageable, but it's all for naught over time if you are paying back a larger amount of principal (as well as more interest on the higher principal balance).  Unfortunately, these basic concepts are not part of the syllabus in the Economics Department at Princeton.

Ms. Erable's picture

Not to mention that, with easy, unbacked credit, the developed world has pulled forward and squandered at least a generation's worth of natural resources on worthless shit like flatscreen teewees, crApple products, McMansions, and thousands upon thousands of tons of other throw-away rubber dogshit items - and has taken a massive dump on its own dinner plate while doing so.

Crawdaddy's picture

That thinking only matters to people able to count.

mc225's picture

yeah, that's what they say, isn't it? like, 'you couldn't have a civilization without us'.


it might be interesting to find out someday, whether that is really true. cuz i'm like, 'there's got to be a better way'.


free the money!

mess nonster's picture

Um.. I'd buy those things with the money I didn't have to pay in taxes, and the money I didn't lose via inflation...