This page has been archived and commenting is disabled.
Senate Sponsor Exposes The Real Reason For The Fed
Robert Latham Owen was a part-Cherokee Democratic Senator from Oklahoma between 1907 and 1925 who (ironically) championed efforts to strengthen public control of government.
He is, however, best-known as a co-sponsor of a bill that would change the world forever - The Federal Reserve Act of 1913 (which enabled the Federal Reserve System).
Writing later in his life, he reflected (as so many political leaders do once they leave office) on the real reason for the Federal Reserve Act...
From Robert Latham Owen's "National economy and the banking system of the United States"
...Funding War!
h/t @RudyHavenstein
»
- 34126 reads
- Printer-friendly version
- Send to friend
- advertisements -
As seen on a bumper sticker on a truck at my local grocery store "War Kicks Ass". We deserve what's coming to us.
error in chief, golfer in chief,muslim in sheep's clothing in chief, black jew in sheep's clothing in chief.
This is how we do it
WW1 and WW2 sure did get rid of a lot of "unfunded liabilities".
Seems like we're about due for another "purging of unfunded liabilities" now.
dont allow the illusion of a historical record to cloud your analysis - it smacks to me of historical revisionism by a retired politician trying to lipstick the turd of his legacy
'if it wasnt for me, wed have lost WW1 you know'
That was the exact reason for the Fed, to fund wars and ponzi's. Consequences bithces!*
Alchemists of old attempted to turn lead into gold.
Now, the Federal Reserve is successful in turning 1s and 0s into gold.
Now, patriots are turning their gold into lead.
Shouting, "Off with the Rothschild Head"
It has always been my understanding that the Federal Reserve was created in order to remove the restraint of gold from the financial machine, and in so doing, to provide for unlimited funding for war. Interestingly the Act was signed into law in 1913 1 year before the onset of WW1. The finances of Britain and France were destroyed by WW1. They became debtors to the USA. In 1917, the USA provided the military might needed to overwhelm Germany, AFTER the finances and youth of Britain and France were wasted. How coincidental.
Economic depressions happen from time to time. Life's a miserable struggle. I'm just happy that I can still afford beef every now and then. Can't blame life on the Fed.
After WW3, peak oil will get moved farther into the future. Perhaps infinitely farther into the future. If there aren't any humans around to use it, it will last a long, long time.
War does not exist without the destruciton of currency.
Ummmm, yep and didn't they pass the Federal Reserve act at midnight on Christmas eve or something like that? Kinda sneaky like?
And wasn't Woodrow Wilson a PROGRESSIVE?
Think the FED is full of constitutional conservatives? Well, do ya?
What about the obozo regime criminals? Or Congress? Constitutional conservatives?
That would be a no.
Progressives all.
Crime=Progressive.
Grimaldus
I think the Republicans caried the bill through Congress to get it to Wilson the Democrat's desk. It was a complete team effort.
Both gates lead to the slaughterhouse. Choose wisely.
I'm having a problem here. I am looking real hard at the republicans, but not seeing any consitutional conservatives....are my eyes that bad? All I see are progressive criminals.......
Grimaldus
If the FED wasn't there backstopping banks/corporation/insurers and the M.I.C. citizens might actually have a say.
This is why they got rid of the Draft and impoverished so many, so they could have a "volunteer" army to wage war.
They either have the delusional Patriots with good hearts believing they will die for "God and Country" and a Liberty that is being strangled, or those desperate to escape the ghetto/barrio/corn field and get a chance at grasping the brass ring.
Meanwhile, the Glass Onion (T.V.) and Interwebs are used to propagandize and distract.
Without the FED backstopping the lies and corruption, people might question.
People might revolt. Therefore, Central Banks exist.
Not really. War kills off men in their most vibrant and (potentially) productive years. The 'unfunded liabilities' aren't the ones killed off, they are the ones who survive and must've cared for for the rest of their lives. The young are tax debt debt slaves as well as cannon fodder, until they are no longer working or can't be sent to fight. It's the old and the surviving vets who are the unfunded liabilities. Unless this next war the govt seems so intent on conjuring up is fought by people over 60 and disabled vets, it will be CREATING moar unfunded liabilities, not purging them.
Not if the plan is to use terrorism to thin the herd. If the FED raises interest rates the government spending and national security apparatus they are putting in place to deal with domestic problems collapses, they will default on the interest payments alone with too big of an interest rate hike. That assumes the FED is going to be around by the end of 2015/2016 at this rate. There is nowhere else to get the money to fund it either way, the spending has to collapse into pretty much a balanced budget scenario.
Understand the plan. They are both caught in a trap here and the plan is domestic terrorism to keep the music playing.
The lesson never learned is that if you can not afford to take care of your vets, you can not afford to go to war. With our past debt problems, the solution is always more fiat created money and tax the middle class in every way shape and form. It's unsustainable and has consequences which will not be foreseen.
Unfunded liabilities........
strange term for people, but reasonably accurate.
O.K.,
So there's a simple action that can be taken that will not only restore sound money, but stop this satanic thirst for war and death and debt and slavery and the ultimate destruction of the human race.
END
THE
FED.
Naw, it's TOO EASY! It'll never work, and besides, who's gonna print the money and set the values of it? CONGRESS? Pesky 'Article One' again...
Article I - The Legislative BranchSection 8 - Powers of Congress
The Congress shall have Power...
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
It would take a Constitutional Amendment to change this, wouldn't it?
DAMN. I DO think I have just realized that the Federal Reserve Act of 1913 IS UNCONSTITUTIONAL. The FEDERAL RESERVE is an ILLEGITIMATE and FOREIGN operation under Constitutional Law (the 'Supreme Law', if you will).
How about the States themselves? Don't they have a legal obligation under Article I, Section X, to take NOTHING BUT GOLD OR SILVER COIN as legal payment in tender of debts? Yeah, I think that one's in there as well.
'UNFUNDED LIABILITIES'?
FUND THIS... (graphic of right hand raised, middle finger high)
Goldman is god now. Debt is money now. I'll be in the basement firing up the printing presses and the reloading machines.
Most of y'all are missing the fucking POINT here, as far as the reason for this article being posted. Shit, some are talking about 'if the FED raises rates, then...'.
We can't end the fed. How would we pay our bills? Its not like we can EARN that kind of money.
If invested properly, and with discipline, saving 10% of your salary, over a period of time.....say 3.5 million years, these debts could be responsibly paid.
All the FED has ever been is a funding mechanism for Congress. Absent that credit line, Congress would have to ask the American people to fund their deficit spending each year. We would never need term limits. The Congressional sociopaths would never see a second term.
Note: To coin Money, REGULATE THE VALUE THEREOF--Is a U.S. Costitutional direction to CONGRESS to act and have been given direct authority by that document. As such IT CANNOT BE DELEGATED; Only Congress can REGULATE THE VALUE THEREOF. In light of this direct assignment to Congress by this instrument we only need to go to one of the most important lagal decisions made by the Supreme Court in 1803; a decision never overturned as it is the decision that confirmed that the U.S, Constitution is the "Supreme Law of the Land"
MARBURY V MADISON Cranch 2 1803 states:" ANY LAW REPUGANANT TO THE U.S. CONSTITUTION IS VOID AND THIS COURT AND ALL OTHER DEPARTMENTS ARE BOUND BY THAT INSTRUMENT."
The Federal Reserve Bank bill was NEVER legal and president wilson did not have the authority to sign it into law--AND ALL OTHER DEPARTMENTS ARE BOUND BY THAT INSTRUMENT.
This bill was FRAUD from the get go.
Milestones
The kinder gentler excess population meme.
"WW1 and WW2 sure did get rid of a lot of "unfunded liabilities".
Wait until WWIII.
WW1 & WWII was so successful at making money it never ended... they just change the enemy every so often.
Must be roughly six Hasbara floating around for the negs.
Probably. An accurate way to find out is to review the negs against this comment in an hour or two.
FUCK YOU HASBARA YOU STINKING SLIMEY TURDS. YOU'RE GOING TO HELL.
Note the irony that 3 solid gold pens and pen holders were created specially for the occassion.
I appreciate that the currency was gold backed at the time, but it was the first step towards the current fiat abomination.
I wonder if those pens and pen holders are now sat on the desks of Messrs: Putin, Modi and Keqiang.
Yep. If you want to stop war wherever war is you gots to be stopping the Goldman Sach.
GASP!
As a staunch liberal, I am deeply offended by your racist statement. When did Jews or Israel ever do anything to incite violence? You obviously never went to a public school. I am guessing you were home-schooled by your terrorist sympathizing parents!
So-uv-a-bitch, them Conspiracy Theorists is Right Again!
People who seek the truth are so, like, annoying and stuff, ya know?
As I've often said...War AND Welfare is where they are.
Government as historically understood, operates under a tax scheme. You have X in taxes/tariffs/fees etc. coming in and thats all it has as it PRODUCES absolutely nothing of tangible value. Once its exceed that, it begins to borrow if it wishes to spend moar.
War AND Welfare, be it corporate or individual.
Choose wisely ;-)
Aren't we long passed the point of choices mattering?
The great reset is on the horizon, prep accordingly.
http://goingrogue2014.com
DaddyO
Yes, they are long past the point of no return.
Its just that when the history of this thing is finally written at some point in the future, foreign scholars will argue that one group said leave us defenseless and feed the poor! While another group said food will do you no good if someone kills you or if you're a beggar in the street subsisting on the charity of others who have nothing!
So, in the annals of "this democracy" I want it written that everyone got exactly what they wanted.
And they deserved what they got good & hard ;-)
You seem to be assuming that there will be survivors after WW3
Some seem to assume there will be more than enough money to afford a WWIII, like its manna from heaven or even cure all starvation & disease, people must think it grows on trees...or is printed from nothing, so why do they work? ;-)
But seriously, there are not enough liquid assets to cover the existing debt of the entire world right now, without borrowing from the future, which has produced nothing, it is the future afterall.
Theft from the future!
There will be survivors of the coming conflict no matter which form it takes.
The question remains, what and who will shape the world afterwards?
To the victor go the spoils has always been the mantra before hand. Will the spoils be worth having or just spoiled?
TPTB seem dead set on full scale conflagration with some nukes thrown in for good measure, this doesn't portend for a bright future.
If Israel is attacked, which seems certain at this point. Do they respond by lobbing a few nukes around?
As to the money, CTRL P will buy you a lot of woar! Just look at the image of the article above...
DaddyO
Well, I can't see a nation-state attacking India or Pakistan or Israel or China or Russia or the US (for that matter) with nukes for just that reason, they'd be obliterated too.
The people who run these places want to live, don't let them fool you.
As to printing stuff from the ether, CTRL P buys a lot of votes & favors too ;-)
The saddest part is that while we spend what is left of the good life, artificially created by borrowing from the future and destroying our environment. Others are spending that time enjoying life.
I'm tired of understanding and seeing talking heads speak with authority say BS and distortions of reality. When it is obvious to me that they are wrong. And the worst part is that when they are willing to follow my models and math, I can prove them why they are completely wrong in their understanding of reality.
Economics is an art that resembles the alchemy of the 1800's to those who understand physics, or the dynamics of complex non-linear non-stationary feedback systems.
Why don't I write a paper about this, simple, I have published many papers and fully understand how the peer review system works in actuality and know that I'd never get it accepted.
If somebody has an economic blog to recommend where I could send my 5 cents, I will.
This seems as good a place as any.
You had me at Keynesian "economics is an art that resembles the alchemy of the 1800's to those who understand physics" ;-)
You code writers out there, please answer this question. When the existing code gets long in the tooth, and patched over patches, what do you call that in code lingo?
And at what point do you hit "reset" and start over?
I operate on a theory ( pop's actually) that everything is relative or "analogous " to everything else.
Spaghetti code.
You only hit 'reset' after clearing it with management--to make sure there's enough budget to pay the dev team to work all weekend. :/
WWIII has been raging since before the end of the Soviet Union. The Russians, especially Sergei Glazyev, recognize this. We are on the cusp of WWIV, you are a war behind.
I never imagined that the musings of George Orwell (born Eric Arthur Blair) would come true in my lifetime. But here we are.
Make no mistake, we are AT WAR and have been continuously since 1941- it's how this economy works.
Just now, the meme of unlimited growth has reached its climax. To the corporate 'leaders' of the West, it is time for culling of the useless eaters. We whine and cry like Kilgore Trout (a Vonnegut character), but they don't care. They think they can manage this world without us. They're wrong, but they think they are omnipotent. They're not, the inbred fuckers are just stupid.
Putin's Russia stands in the breach, just as another visionary, Edgar Cayce, predicted.
Hide and watch.
Just in case you still harbor ill will about my claims vis-a-vis tungsten, it is neither smelted nor cast. It is sintered, WITH A FUCKING BINDER, usually copper or iron. I suppose some dumb fuck might decide to smelt it, but it ALWAYS returns to a crystalline structure, no matter the smelting temp. So, you still have a heavy lump which returns to dust (think salt) at the slightest disturbance.
In essence, it returns to its natural state- powder. What did you accomplish with all that energy? Nothing?
Tungsten carbide easily cuts through stone.
I hear the Germans use it on their kinetic energy sabot rounds, as an alternative to depleted uranium.
punches a nice hole, no rads, but it lacks the nice pyrophoric effect.
Tungsten carbide is an alloy, Ginseng. The tungsten is alloyed with carbon, and tantalum, and cobalt, and columbium, and copper, and iron, and wax so it can hold its shape. The wax is what makes this possible, it is the glue that holds these dissimilar metals together so they can be sintered.
If you ever had a ceramics class, your process was similar, but less precise. Sintering is the same as firing, but the temps are a bit higher.
Nowadays, we have coated carbides. TiN, TiCN, AlTiN, even PVD synthetic diamond, including ZrN.
In real life, the drillers only use tunsgten carbide on decomposed granite and clays. When the going gets tough, they use boart (the dust left over from ("a diamond is forever") in a metal matrix bond.
So, it sorta depends on what kinda stone you're talkin' about.
All militaries have heavy metal rounds, not just Germany. Some of them can break your clavicle if you try and fire them, so be careful.
I broke that with lead, and fightin once.
Arc-cast tungsten.
It's still brittle, kinda like your comment.
"Make no mistake, we are AT WAR and have been continuously since 1941- it's how this economy works."
Since 1914. IG Farben was launched right on the heels of the Versailles Treaty.
I stand corrected, Lea.
"Useless Eaters": They occupy Wall St., Corporate World, Washington DC, K-Street, MSM, etc. With their cowardly deeds they have deceived the world. Fortunately they will not be successful in continuing this rape and pillage. Each and every day more and more are awakening to the great lie. Eventually life will force a comeuppance the likes you have never seen before. Many lives will be lost and the greatest losses will be of the truly "Useless Eaters" as defined above. The lackeys (ignorant of what is going on---blinded by the illusion the UE create) of "Useless Eaters" will turn on them and that will be the sign that the Day of Reckoning is nigh...It is only after these things come to pass that a peaceful and just world can commense.
Ironic, isn't it LooseLee? Those who oppress us cannot see that they are the next level of victim? If I live long enough, I'll laugh at their graves.
Plenty of chatter a few years back on very long and large caverns carved out for elite to scamper into with supplies for years. You can bet the Royals have long made plans.
Additionally, I believe Mr. Wilson left behind a statement something to the effect that if the American People knew what he had done by approving the establishment of the Fed they would run him out of office.
Who gonna Sponsor the Obama Library, located on the 19th Green?
Long Dong Silvers
Obama. Cinderella story. Outta nowhere. A former Kissinger employee, now, about to become the Masters champion. It looks like a mirac... It's in the hole! It's in the hole! It's in the hole!
Definitely out of nowhere.
The controllers needed someone that at least looked different and was good at delivering lines.
Telemprompter in chief is, I think, pretty damn accurate.
We should be looking at the buggers writing the feed for the aforementioned devices.
Stupid-ass Illinois taxpayers lol.
Oh shit...that's me......
I live aout 10 miles from Illinois. When I was moving someone asked me to describe where the hell is that town to which you are moving. I replied, "...as close to Illinois as I can get while still retaining some freedoms."
Sorry VAD. Hope you wise up and move away from that shithole of a state...
like soooo many of us have...to the North there is Madison, fine bastion of leftish thunking with a good college...to the West there is Fergusson, still an improvement and to the East is Gary Indiana, impoverished but so poor the politicians have a hard time peeling off the last few layers of hide....and to the South..well there is the South.
I can't even stand to visit...one can just smell the corruption.
For every Evert Dirkson there were 2 Paul Powells. The place makes the kingfisher look like a young chior boy. There haven't been many governors in living memory who aren't in jail or on parole....yet the citizens keep sending those Ds back into the fray hoping that this time there is just a small slice left over for them.
Sounds like East Chicago, Indiana.
Hear tell lotsa open ground in them old Gary Works
Damn dude Gary is a shit hole.
Lol yes the LIEbarry....maybe the same jokers that launched his Obamacare site...
The Obama Legacy
Barrack Hussein Obama was the first black man elected president of the UnitedStates..........................................................................................................................that is all
I have oddly gained a new appreciation for Jimmy Carter. No wars. Reagan only had Greneda and Beirut.
The rest have had endless war with the exception of Ike and JFK - somewhat.
Obama's handlers try to make these proxy wars look like they are not wars.
Ronnie bribed the Iranians while fighting wars in Central America by proxy (remember Iran-CONTRA?)
Sadly Ronnie abandoned his original principles and let Bush I run foreign policy. His original intentions of reducing government were converted into wholesale looting of the the Treasury.
Last president under which the national debt didn't rise, too...
I don't know where you get your info, but the debt definitely went up under reagan.
"I have oddly gained a new appreciation for Jimmy Carter. No wars."
Who can forget Jimmy Carter’s true legacy: The impotent do-nothing policy in response to the Islamic fundamentalist crisis in Iran that led directly to waves of revolutionary fervor and ended in a 444-day hostage crisis. During the summer of 1979, a major oil shortage in the United States took place because of all the instability in the middle east. As Islamic revolutionaries were rioting in the streets, Carter backed away from the Shah’s regime in Iran and sentenced the world to a pandemic of Islamic extremist violence for decades to come.
Inflation and interest rates reached their highest levels since WWII under Carter. The rapid change in interest rates led to disintermediation of bank deposits, which sowed the seeds of the Savings and Loan crisis.
Hope these mother fuckers are burning in HELL.
Well, you can be the biggest, baddest and most influential dude on earth. But, as Hedgeless Horseman said in another post, in the end it's dirt and worms. Yes, there is limited free will and there is a god who will set the record straight in the end with these Mfers.
Yeh so whats changed ?
$40 billion for all of the Allies? World wars sure were more of a bargain last century.
Thats $961,018,181,818.18 in 2014 dollars. What a deal!
http://www.usinflationcalculator.com/
And that's using .gov CPI. Imagine what the number is in REAL 2014 dollars.
Well, it looks like The Fed will have to heap up a couple quadrillion dollars to fund World War III.
"There would be no war if my sons did not want it".
Grandma Rothchilde.
They won the war all right, the war on the "non oligarch class"
To fight a proper WWIII, we'll need trillions of Fed money.
Bullish Wall Street!!
Didn't Einstein say the next world war will be fought with sticks and stones?
mechanized warfare is a relatively a new thing and might just be a fad.
forgot the "a" mis-spelled fad
fucking drugs are harmless right?
gotta bounce!
mis-spelled warefare and forgot another fucking "a"
I have to go pour a drink!
yeah saw the warfare thingy to late
Warfare nice lol instead of pouring your self a drink stick with the drugs and drop some E
Bounce
Einstein said he wasn't sure about WW# but he thought WW4 would be sticks and stones.
The mafia had Einstein killed.
He knew too much.
Einstein, when asked what he thought was the greatest invention of the 20th century, said: "Compound Interest".
It can do what e=mc2 cannot: Create something out of nothing, like God.
In that sense, "creating something out of nothing" can indeed be likened to "Doing God's work", to quote Lloyd Bankfine. It is an arrogant allusion to having "the power of God".
"Create something out of nothing, like God. In that sense, "creating something out of nothing" can indeed be likened to "Doing God's work", to quote Lloyd Bankfine. It is an arrogant allusion to having "the power of God"."
With respect, but the word "create" should not be used for what the FedRes does. They STEAL. They steal by utilizing "green tickets" to steal real goods and services from the economy--you and I.
Imagine you own an amusement park where everything, games, rides, food, etc., is paid for with tickets purchased at the time of entrance. Now imagine someone, unbeknownst to you, starts counterfeiting those tickets and then hands them out to friends, family and also uses them to purchase influence with others. You'd quickly find your operating costs going up and profits going down--you'd have to raise prices to try to restore profitability.
I.e. Raising your prices would be a symptom of the unseen theft happening in your amusement park; A symptom of the counterfeiter's theft utilizing counterfeit tickets, not the counterfeit ticket creation itself.
An American, not US subject.
"Guillotine the Fed!"
"Lloyd BANKFINE"! I like that one!
Charges for withdrawls? BANKFINE! Charges for account inquiries? BANKFINE! NIRP? BANKFINE! 'Monthly maintainence fees'? BANKFINE! ATM fees? BANKFINE! Taxes paid to FED RES via TREASURY on interest-bearing accounts? BANKFINE (times TWO)!
Aye, Captain, it seems that Spock's logical mind has invaded the ironical humor cells in your cranium.
Dr. McCoy always proscribes a good blast er-two of Romulan Ale, when I get like this.
Einstein was missing the point some, Captain. He also postutated that the speed of light was a fixed and unbreakable speed at which matter as we know it would cease to exist. The great financial wizards Lloyd Blankfein and Jamie Dimon laid the groundwork for Zephram Cochran's 'WARP DRIVE' theories. D'ya think that when you tell me to go to Warp Five, that a bunch of magical fairies in Ben Shalom Bernanke masks suddenly appear and get out and push the bloody SHIP? NAY, Captain, I have to create an unsustainable wormhole black gravitational field singularity in front of the ship by firing negatively-charged bits and peices of digital paper in the general direction that you and Sulu decide to go in. D'ya not KEN what we do down here in 'engineering'? SURE, ya sit up there all pretty, and get laid by every winsome blonde lass in the universe, while me and my 'black gang' toil down here, keeping the presses going just so YOU can say, 'WARP 5, Mr. Scott', and impress the latest princess of whatever planet you have decided to inhabit.
(intercom sounds)
OCH! You want me to CHARGE PHAZERS?
Einstein was quoted as saying that the greatest force in the universe is compound interest.
when asked what the most powerful force in the universe was, he responded "PUSSY"
Thank god our current government no longer uses a printing press to fund bullshit wars.
The FedRes was created for one reason, and one reason only: THEFT.
Now they desire control as well via their violent-puppets, the DC US government, but control is only to assure future theft from the American people.
The spasm of violence called World War I was just an excuse to pickup the pace of debt, theft, creation--blood for debt.
An American, not US subject.
"Guillotine the Fed!"
No.......placing us into eternal slavery to fund endless wars
To celebrate the 50th anniversary of the Federal Reserve, JFK issued US Notes via Executive Order 11110 , shortly thereafter he received his reply from the Federal Reserve. He was remembered as the bust on the 1964 Kennedy Half Dollar, the last year 90% silver coins were issued.
http://www.rapidtrends.com/it-almost-became-money-united-states-notes-ve...
Thought Kennedys were 50% silver and all else was 90%....
http://www.golddealer.com/product/40-silver-bag/
http://cointrackers.com/Kennedy-Half-Dollar.php
same as greenbacks during the Northern agression against the South
yup
Northern aggression against the South? Is that what they are calling Fort Sumter now?
Bombs out of nothing
It wasn't out of nothing loser, it was wasted resources and wasted human capital. All for the greed of money.
We are too heavily spied on to effectively organize any longer. So... may 10,000 lone wolves rip the heart out of the plutocracy!
That won't happen until 10,000 cancel their internet service provider.
Do you people have any slightest idea as to what the word 'funding' means?
Funding = Vendor Financing
Funding War = US factories produce war equpment which is the collateral (thus creating a manufacturing base and employing people) ...............which is LENT TO OWN at an interest to the user (other militaries for war)
Later this money lent via weaponry export, claims the output and assets of the countries which imported and used that weaponry.
In USD case, any dollar created to monetize world output, claims world output, since USD is (still) world currency (though degrading)
Siemens, Toyota, Caterpillar etc do exactly the same thing. They don't use intermediaries, they lent direct.
What the creation of Federal Reserve did, is backstop all this lending from commercial banks which can exist only if factories keep producing war equipment
Hence PRIMARY DEALERS can expand lending for as long as factories keep producing war equipment, without fear of collapsing
However, (not war related) if the factories are moved to China, then it is the Chinese the control the collateral, hence the they control the subsequent money creation.
Same with Saudis. They control the collateral, oil, which in conjuntion with Pentagon is sold in USD, thus employing US banks to create deposits and liabilities, or otherwise known as Reserves and Credit/Debt
Saudis and Pentagon can use any bank they want and can create any Fed they want as long as they are ready to physically control and eliminate any adversaries if they resist for too long.
People, it is that simple.
COLLATERAL must be created first, for money and credit/debt to be created instanteneously as a subsequence of collateral creation.
No collateral = no money
No output = no money
Output creates money on a computer, money does not create output
It is that simple.
The problem now is that Federal Reserve is NOT monetizing oil or weaponry, it is monetizing derivative gambling.
Hence, bank lobby can simply create derivatives and have the Fed monetize them by creating reserves.
This ain't gonna go far, no, it won't.
Bullets will fly if this, not only stops, but it is fully unwound and with a penalty.
Because Saudis and Military Complex have practically lost control of the Fed to Bank Lobby
Bank lobby practically no longer needs oil and weaponry and economic output to create reserves in their banks, they can simply gamble with derivatives by using existing extracted commodities as collateral and have the Fed create reserves by monetizing those derivatives.
No need for factories to produce or war or oil to be monetized in their banks. Just gamling derivatives
Do you understand? Do you understand what is going on?
USD is created out of gambling, not out of actual output.
That's why I say bullets will fly into heads, if this is not unwound.
And that is why economy is collapsing. Primary Dealers no longer need economic output or war equipment or even war as collateral to create reserves for themselves, just create gambling derivatives.
Bank lobby is not interested in war right now. They found a way to bypass Military Complex to provide collateral for money creation: DERIVATIVES
Economy will continue its collapse unabated, unless $10-20 trillion are extinguished and few primary dealers vanished, even for the sake of teaching a lesson to bank lobby as to who actually rules here, Military and Saudis
USD must remain world currency, hence SCARCE SUPPLY, otherwise US Military and Saudis are useless to the world
Bullets will fly into heads sooner or later, if this continues. It has gone too far already, too far.
So what you are saying is rates must go up.
If not peacefully, it will be forcefully.
It should have happened already
Economy is collapsing, world trade is dying, world is abandoning USD, misery is expanding. This has gone too far, too too far.
Agreed..."bite the bullet" may have more meanings than one.
Another way to call margin, besides raising rates, is to dump commodities into the consumption market from bonded warehouses, onshore and offshore storages.
Oil, copper, aluminum, iron ore etc are bonded as collateral for highly leveraged OTC derivatives. They supposedly don't care, since Fed is supposed to monetize all losses.
But Saudis can dump oil into the market which would be a margin call, or CFTC order CME to increase margin on commodity trading. That happened in 2008. It was commodity dump margin call.
It's not only raising rates that does the trick
This is way above my pay grade, but is this why we are seeing a commodity price dump? A gathering of collateral?
I'd say way it is a warning that a real dump like 2008 is coming.
Hyper leveraged parties are in fear, trying to accumulate and store them, thus starving the economy for energy and commodities
So they take are taking a temporary paper loss to own the physical?
No. They control oil price (or copper, aluminum, iron ore etc) by accumulating and storing oil. Then they gamble on it by selling swaps, since they control the price..............until they can't
Oil, copper, etc is being used as collateral margin for swaps.
A third way to call margin is dollar shortage, dollar strength.
For leveraged parties, shortage of dollars to meet immediately liabilities would create panic selling to not default on payment
The more I read the less I understand. They really got this mess tangled up so badly there really is no way to unwind it without something coming apart by the seams.
Thanks for trying to explain it to me.
without an economy, there is nothing to bet on
it's getting there
Okay...so when can we start gassing people?
I am observing reality
I can't change anything. I only analyse
Heisenberg said that by observing anything, you have already changed it's behavior, even if that change is infintesimal.
Natural phenomena and free will of human are two different things
Free will is a natural thing.
my signature alone has created millions in currency...son far that has worked well for me and my lenders, it usually does for most borrowers.
As for Funding= Vendor Financing...since I can give examples (Funding= a gift from grandma) there are many silly conclusions tat can be drawn...so I think you should flush out and test your thoughts...
By law nobody can create money without collateral. Even Congress authorizes US Treasury to sell bonds to create money, rather then ordering the Fed or US Treasury to simply type up USD on computers.
Hence faked collateral is created to create money simultaneously.
In communism, yes, money is created without collateral. There is only the central banks that creates money. No credit, not debt, just reserves.
Goes to show you they have been operating a century producing fiat in so called quantative easing and although we have inflation and have had for decades, it appears it is possible to continue.
I mean, after the second world war with all the expenses incurred, where did the USA get the money to finance the rebuilding of Europe and now, where is it getting the money to operate its military? It isn't the lower two thirds of the population paying taxes as I am sure all that money is being used to offset UI, EBT, SSI and other things.
The USA figured out a long time ago it can print to its hearts content and get away with it. That is why gold became a non entity insofar as currency is concerned some time ago. That is why we are moving to digital money, all over the world.
After all, paper money is worth nothing, neither is gold. It is only worth what people believe it is worth to exchange for goods and services.
Observe that it is always old men who start wars; many have posited that this is a biological attempt to kill off the "competitors" for the female of the species. Being a psych undergrad, this strikes me as extremely possible. Hell, even Graham Greene knew this.
Alexander the Great wasn't particularly old when he went on his empire-building spree. Genghis Khan was not an old man when he began his wars to consolidate his empire. So much for 'always'.
If it is different now it is because years are spent rising through the political ranks before one can attain a position from which one can start wars. Personally I'd like to see a return to the system where kings actually led their armies into battle, rather than our modern 'civilized' system. How about Vlad vs. Barry in prime time!
Women are not THAT expensive. Sheesh.
These guys can afford to get laid 24/7 as long as they want. They have serious mental/sexual problems if they need more money to keep them happy.
A society reaches greatness, when old men plant trees in whose shade they will not stand.
Except Pol Pot was only 50, Napoleon was 35 and Alexander the Great was even younger etc
You may not be interested in war but war is interested in you. Leon Trotsky
The Gestapo State just keeps takin'
Symbolic
You've souled your souls to Satan
And payment for everyone is coming due. We've had a taste of the medicine already with Fukushima courtesy of a Phoenician extortion and hit team.
It is never too late to repent for your sin and cleanse your temple. Your alternatives look as good as ours.
Matthew 21:12
We must be prepared to cleanse our own temples.
Stop borrowing money to buy stuff you don't need.
Stop wasting time.
Overturn the tables yourselves.
Interest from War was the killer app; the rents of Death harvested by eternal vampires of human souls. Money for nothing and the hoes are free.
The US did fine for about 50 years after the Fed was created. The 1960's with the Space Race, Great Society, War on Poverty, escalation of the Cold War, Medicare, Vietnam, etc began the era of unbalanced budgets and the creation of entitlements that could not be funded. The Fed then became the tool to enable the politicians and bankers to enrich themselves via policies that were no longer in the best interests of the country.
They funded World War 1 aka the greatest banksta war ever. The banksta elite had all countries send their boys out to the battlefield, told them to just sit in the trenches, and die. Just sit in trenches and die so the bankstas and manufacturers could sell weapons. Don't move, don't go around the trenches, don't get on ships and sail around trenches, don't get on planes and fly around trenches, just sit there. Sure you can sail and fly and truck troops to the trenches but never around the trenches. It was the fucking scammiest war ever and the sheeple of the world thought their dear leaders were doing a fine job. Korea and Vietnam were eerily similar for the US soldiers.
"Writing later in his life, he reflected (as so many political leaders do once they leave office) on the real reason for the Federal Reserve Act..."
Was he really saying the Federal Reserve Act was created to fund WWI? He said under the act, a shitload of money was created to fund the war. He didn't say the act itself was created to fund the war. To clarify, I'm not saying the Federal Reserve Act wasn't created to fund war. Just saying I don't think he was saying it was. The war started seven months later. Junk away.
why would anyone junk away? you are right
the federal reserve act was to fund the aspirations of a new empire, which included funding a war shortly after its inception.
"Stupid-ass Illinois taxpayers lol."
Thats where Obama came from before he brought Chicago to DC.
They blackmailed Wilson into signing this in the wee hours of "The", or should I say, "Our" Holiday season, and they've been buying and blackmailing our Congress for over a hundred years now.
The FED is literally built for war from the start and every year since. A waste of human lives and treasure beyond quantification.
LOANED US DOLLARS TO ALLIES IN WW1 TO BE SPENT IN US ARMS FACTORIES.
fixed it for ya.
J P MORGAN MADE LOANS TO UK,UK MADE LOANS TO FRANCE..
By bankrupting the Austro-Hungarian Empire and Russia,the West brought about the Bolshevik revolution,and the numerous banking panics of the 1920's and 1930's.The UK had to go off the Sterling standard,which partly caused the General strike in the UK and the Naval mutiny at Invergordon,Scotland.
The French army had suffered mutinies during the War,as had the Navy.
The people got fed up everywhere with their lot.Then came Influenza....
Yes indded it's true!
Need to remind ourselves that it also passed without the necessary votes in the House!!!
Bring it up at a dinner party in idle conversation 101 years later and the eyes simply "glaze over"....
The Act did not "win" WW1, but merely prolonged it. Without that $40 billion, the belligerents would have run out of money within a year, and therefore would have been unable to manufacture more shells, and therefore would have simply stopped lobbing shells at one another.
I may read the wrong books, but my understanding was that WWI was essentially won by the Germans. The British were offered a way out by guaranteeing a homeland for the "Jewish Diaspora". After the idea was brought to the Parliament, they agreed to the Balfour Declaration in exchange for certain influence that would bring the United States into WWI.
I want someone to point out where this is wrong. It is not the first time I have posted this on various sites, but I have yet to get an rebuke to the statement.
So, the Zionists said to Great Britain "Wait - don't give up yet. (Oy!) What if we get the US to come defend your interests and invade Europe. In exchange you promise us an independent state around Jerusalem - called Israel. The Brits thought about it and said, "Hmm, how bad a deal could that be? It's not like 100 years from now Israel could become the single worst threat to world security, could it?" "No, of course not."
So, is that accurate or not? I'm not professing to be ahead of anyone in world history, but I have read this in several places.
http://en.wikipedia.org/wiki/Balfour_Declaration
Unfortunately, this would never be taught in the United States, as "All's Quiet on the Western Front."
Even our Nobel Peace Prize Winner (yes, the Golfer in Chief ) is scared shitless to state a singe truism regarding our relationship with Israel. I fully expected him to pierce the veil, and then be offed, but he learned self-protection early on in his regime.
The main drag in the Israeli capital is named Rothschild Boulevard. What else you need to know?
In 1895 the World Jewish congress met in Basel Switzerland. It was there they made a firm comittment to create a Jewish Homeland. Part of Russia was also considered as a location, but they settled on the ancient homeland in the ME. You know the story of the Balfaour Declaration, and promises were indeed made amidst the usual backroom intrigue. Read the history and follow the influential individual players.
You don't just carve up land and create a brand new country in the middle of a muslim desert and populate it with historical ethnic alien enemies by happenstance. It was long in planning and jewish settlers had already been migrating there for years prior to 1948.
When WWI ended the Ottoman Empire (muslim caliphate) was broken up. They had been German allies. Thereafter, Britain and France carved up the Middle East with artificial borders to make sure Sunni and Shias would constantly be clashing and fighting so they could be controlled, lessons learned from hundreds of years of colonialism. Carving out a place for the future Jewish state was easy, culminating in 1948 Statehool.
But the focus and plan formally started at least 50 years prior in 1895.