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Guest Post: The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives
Submitted by Michael Snyder of The Economic Collapse blog,
From the dawn of history, elites have always attempted to enslave humanity. Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of those that they are able to subjugate. If you are forced to build a pyramid, or pay a third of your crops in tribute, or hand over nearly half of your paycheck in taxes, that enriches those in power at your expense. You become a “human resource” that is being exploited to serve the interests of others. Today, some forms of slavery have been outlawed, but one of the most insidious forms is more pervasive than ever. It is called debt, and virtually every major decision of our lives involves more of it. For example, at the very beginning of our adult lives we are pushed to go to college, and Americans have piled up more than 1.2 trillion dollars of student loan debt at this point. When we buy homes, most Americans get mortgages that they can barely afford, and when we buy vehicles most Americans now stretch their loans out over five or six years. When we get married, that often means even more debt. And of course no society on Earth has ever piled up more credit card debt than we have. Almost all of us are in bondage to debt at this point, and as we slowly pay off that debt over the years we will greatly enrich the elitists that tricked us into going into so much debt in the first place. At the apex of this debt enslavement system is the Federal Reserve. As you will see below, it is an institution that is designed to produce as much debt as possible.
There are many people out there that believe that the Federal Reserve is an “agency” of the federal government. But that is not true at all. The Federal Reserve is an unelected, unaccountable central banking cartel, and it has argued in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act. The 12 regional Federal Reserve banks are organized “much like private corporations“, and they actually issue shares of stock to the “member banks” that own them. 100 percent of the shareholders of the Federal Reserve are private banks. The U.S. government owns zero shares.
Many people also assume that the federal government “issues money”, but that is not true at all either. Under our current system, what the federal government actually does is borrow money that the Federal Reserve creates out of thin air. The big banks, the ultra-wealthy and other countries purchase the debt that is created, and we end up as debt servants to them. For a detailed explanation of how this works, please see my previous article entitled “Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand“. When it is all said and done, the elite end up holding the debt instruments and we end up being collectively responsible for the endlessly growing mountain of debt. Our politicians always promise to get the debt under control, but there is never enough money to both fund the government and pay the interest on the constantly expanding debt. So it always becomes necessary to borrow even more money. When it was created back in 1913, the Federal Reserve system was designed to create a perpetual government debt spiral from which it would never be possible to escape, and that is precisely what has happened.
Just look at the chart that I have posted below. Forty years ago, the U.S. national debt was less than half a trillion dollars. Today, it has exploded up to nearly 18 trillion dollars…
But the national debt is only part of the story. The big banks which control the Federal Reserve also seek to individually dominate our lives with debt. We have become a “buy now, pay later” society and the results have been absolutely catastrophic. 40 years ago, the total amount of debt in our system was just a shade over 2 trillion dollars. Today it is over 57 trillion dollars…
The big banks do not loan you money because they want to help you achieve “the American Dream”. The elitists loan you money because it will make them wealthier. For example, if you only make the minimum payment on a credit card each month, you will end up paying back several times as much money as you originally borrowed. It is a very insidious form of debt enslavement that most Americans simply do not understand.
Meanwhile, the Federal Reserve is also systematically destroying the wealth that you already have. If you try to buck the system and actually save money, the purchasing power of that money is continually being eroded by the Federal Reserve’s inflationary policies. The following chart comes directly from the Federal Reserve and it shows how the value of the U.S. dollar has plummeted over the past 40 years…
Overall, the U.S. dollar has lost approximately 98 percent of its value since the Fed was first established in 1913.
Most people seem to assume that if we could just send the “right politicians” to Washington D.C. that we could get our economy back on the right track.
What those people do not understand is that our system is fundamentally broken. We are trapped in a perpetual debt spiral that is destined to end in a horrifying collapse. Just “tweaking” a few things here or there and adjusting tax rates a bit is not going to fix anything. The vast majority of the “economic solutions” that our politicians talk about are basically equivalent to rearranging the deck chairs on the Titanic.
And of course the elite don’t want the rest of us to truly understand what is going on. Just think about it. Even though the Federal Reserve is one of the most important institutions in our society, and even though it is at the very heart of our economic system, our kids are taught next to nothing about the Fed in school. The vast majority of them have absolutely no idea where money comes from.
Isn’t that pathetic?
But the elite know that if we did understand what they were doing to us that most of us would start to get very upset. Henry Ford, the founder of Ford Motor Company, once said the following…
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”
The truth sets people free, so let us do what we can to wake our fellow Americans up to this insidious debt enslavement system which dominates our society.
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Very few people understand this, that's why they continue to get away with it.
Yep, file this under "useless shit". Same as it ever was, until international trade stops of course.
I sure would like to see exactly who owns the Federal Reserve now. ALL of the information I have been able to track down is either very old or incomplete (or both).
How about it, Tyler? A nice complete article on ownership of the Fed! Massive number of hits and comments...
It's FERAL RESERVE damn it!
the creature from jekyll island. thats all you need to read but this article is the cliffnotes version.
ZH pussied out about the time Marla got booted. She was a likudnik, but she had balls.
They should publish all the legal threats they receive, Pirate Bay style. Then you'd be able to see whose hands keep the editorial strings pulled back from the real criminals.
I can't speak to incomplete, but ya' can't discount information simply on the basis of age. The phrase old money is not for nothing.
This from memory (which is fading more every day), but perhaps we should compare?
Rothschild
Morgan
Warburg
Kuhn-Leob
Goldman-Sachs
Lazard
Seif
Schiff
Seif and Schiff may be the same families, as may be Lehman and Lazard.
Kuhn-Leob and Goldman-Sachs maybe represent mergers of powerful families via marriage or convenience.
Morgan was a Rothschild employee. When he died Morgan was only worth eleven million. The Rockefeller's got into banking in a big way so their family name as recent additions to the banking class should probably be added
Well frankly, it was Scarlett with 2 t's in case you give a damn, that's why I listed Rothschild first. You're right that the rest are like subsidiaries. Morgan is almost an afterthought, in the grand scheme.
When the House of Rothschild which is owned by the Pope of Rome decide to make war with each other, you will know a real battle is on.
Until then, have a happy holiday!
If/when we get inflation to our goal of 2-3%, all things will be good.
Stand by.
EDIT: /SARC, you dickheads
I hope this thread gets as many views as the Ferguson titles.
Not a chance.
Riots are sexy.
Apprehending the fiat/frac reserve/ponzi scheme of the ages - more interesting, ultimately, but it requires a longer attention span.
If it bleeds it leads.
Who's "Ferguson"?
Even if it is the ultimate Whitey fucked us over story.....
The Fed and the Fed System has nothing to do with whitey. (Unless that’s one of the groups its designed to F@#k over).
As for the owners of the fed, there are about 6 private banks that own the fed. The original banks that put up the capital were issued shares in the fed in proportion to the capital they invested. the shares cant be sold but the original banks have since merged. (And of course are inter owned).
What is hard to find out is who are the people that control the banks. Peeling back the layers of inter ownership of corporations, funds, trusts and private companies/banks until you reach a person is almost impossible.
WHO REALLY OWNS YOUR MONEY? Part One: The DTCC [ Depository Trust & Clearing Corp.] and CEDE [Nonimee Name for Depository Trust Co.]do
http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_...
It is very intresting indeed. I am often fustrated when I try to explain how this works and why it ultimately will lead to a very dark place. Usally peoples eyes just glaze over, this is totally on me I must figure out a better way to explain it. What keeps me doing it is about 5% of the time someone really grasps the concept and runs with it. At that point thier "lights" are on and there is no going back. For those of you that don't know about this video Its called "The American Dream" its about 30 min. long and very well produced with some creative comedy mixed in. This is usually a very good way to get the non-finanical background people's wheels turning. http://youtu.be/tGk5ioEXlIM If you haven't seen it, give it a shot. You will in the least bit get a good chuckle out of it.
Shit in the other hand...
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes
Author is wrong.
Taxes are the worst.
At least one has (in theory, anyway) a choice about whether to incur debt.
Too, unlike taxes, at least with debt, there is ostensibly some benefit obtained.
But in practice, you do not have a choice whether to incur debt, because the state will incur debt that you are liable for.
Not so. If you accept money in exchange for your effort and time, you are inherently in debt. Your debt manifests through the constantly diminishing purchasing power of the money you have accepted.
Taxes are subordinate to the money creation dynamic. Essentially, as the devaluation of the currency progresses, taxes must be raised to service the ever increasing debt burden. This is so depsite declining interest rates.
Pushing the reasoning further
As fiscality becomes progressively more onerous, the regulatory environment becomes more complex. These are the dynamics that drive up the cost of doing business.
As the cost of doing business is driven higher, barriers to entry are raised therefore favoring large companies. In time therefore industry and commerce are effectively monopolised.
The monopolisation of industry and commerce have to direct effects: on one hand the creative economy is stifled and on the other hand, manufacturing is off shored to less expensive environments.
Eventually, company creation and company sustainability are hampered leaving only corporate and state employment as outlets for an increasing population of graduates.
But as the diminishing marginal utility of debt works towards its inevitable conclusion, society is largely unemployable and progressively homeless whilest the fiscal and regulatory environment make it increasingly difficult to make ends meet.
The rest can be rather easily extrapolated...
Viva La Revolution?
sheep and sheep hurders = society
Predators
Prey
Parasites
"The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives"
Sing it from the mountain tops!
As I said before, you're either a slave or a slave-owner in this fucking age. Fuck their progress.
Another one:
"This chart not only shows the role of the Fed in the latest big financial crisis but also that the Fed has taken full control of the US state through an unprecedented debt share."
http://failedevolution.blogspot.gr/2014/11/us-debt-held-by-fed-further-i...
And there is gambling in the back room at Rick's Cafe.
You seem to have things confused. public sector debt = private sector savings. this is a good thing. That's why it's so moronic for people like zerohedge to say we need to pay down debt. That is the same as saying we need to decrease private sector savings.
You seem to have things confused.
As long as there are sheeple like deagle44, the FED is safe from the sheep dogs that frequent places like ZH. The FED is the wolf that has beaten down the door of capitalism in the former constitutional republic that once existed here in the USSA.
Arise Sheepdogs!! Let's have some wolf for lunch...
DaddyO
Dude likes broken window too.
deagle44 are you serious? You are fucking with us right?
public sector debt = federal reserve note.
I up arrowed you because you are right - but its way more complicated than that. The Fed controls the money supply and sets interest rates via the federal funds rate. Hence, when they flood the world with liquidity, exchanging cash for illiquid assets, while keeping their funds rate unnaturally low, they simultaneously cause inflation, depress the value of the dollar, and lower interest rates. So, even if Uncle Sam borrows staggering amounts of money, its debt still sells for around 2.3% if you are willing to hold it for ten years. Guess who has been the primary purchaser to T-bills? The Fed. In the current environment, savers are suckers. The purchasing power of their dollars is dwindling much faster than 2.3% per annum. The problem with this post is that it suggests that if we kill or greatly modify the Fed, our troubles would be over. This is wishful thinking. But the fact that most Americans don't know the facts about the Fed is reasonably well established. Much more useful than killing the Fed would be for the U.S. government to issue its own currency, issue as much as necessary to pay off its existing debt and meet its budget needs, ignore the concept of balancing the federal budget entirely, and manage the money supply to constrain inflation through taxes. But modern monetary theory is well outside the comfort level of most ZHers so I expect the usual plethora of down arrows.
I'd rather just keep having the FED control money supply via bond purchases and setting/influencing interest rates. That seems much better than a completely government controlled entity do it via spending and taxing.
The fundamental problem of this monetary system is one of possession. From the legal point of view, the money that society is under obligation to use is the property of the central bank.
This fundamental juridical reality fosters an asymmetrical exchange on anyone that uses money.
By accepting money in exchange for your time, effort and skill, you are exchanging something you own outright for something you don't own.
Since money is the legal property of the Fed, money is lent to society. Money lent at interest is inherently debt.
By accepting money in exchange for your time, effort and skill, you are exchanging something you own outright for something you do not own and owe interest on.
But the Fed is under no reciprocal obligation to guarantee the value of the money it lends.
Thus, by accepting money in exchange for your effort and skill, you are exchanging something you own outright and is finite, for something you do not own AND owe interest on and is infinite.
This is the fundamental reality that drives the concentration of profit thus the concentration of ownership. This is what is known as the transfer of wealth.
Essentially today, despite the fact you may have never taken out a loan in your name, if you accept money in exchange for your effort, you are inherently in debt. The reason you are in debt is because by merely accepting this money you are accepting something that does not hold its exchange value. But, more subtly, you are in debt because by accepting this money you are legally, if unwittingly, responsible for the debt incurred by your sovereign on your behalf.
The fact that you are in debt despite never having taken a loan in your name manifests through your diminishing purchasing power. This is the dynamic that drives the depletion of savings and that eventually forces you to go to a bank to take out a loan outright (or to make use of credit card debt).
The author is correct in his assertion that tinkering with politicians or rates cannot bring about a semblance of rebalancing in socity. The owner of the currency has drawn a boundary around society. Regardless of what happens within that boundary, the owner of the currency will always expand the quantity of money and credit in circulation. Thus regardless of whether the economy is contracting or expanding and regardless of whether the communists or the fascists or the democrats are in power, and, indeed, regardelss of whether we are at peace or at war, the owner of the currency will always expand money and credit in circulation.
Thus the more complex and more regulated an economy becomes, the more activity is generated, the more wars are fostered and the more numerous the humanitarian interventions become, the more profit is channeled towards the owner of the currency. This is how wealth concentrates.
Is there tangible proof of the concentration of wealth? Of course there is although even the scientitst that stumbled upon this truth have not understood what they have discovered:
.
http://www.newscientist.com/article/mg21228354.500-revealed--the-capital...
.
So the issue is not who issues the currency. The crux of the problem is ownership and intrinsic value.
I wonder if Title 12 USC ss 411 applies to what you are saying. It basically says that you can make a demand for Lawful money at any Bank that is a member of the Federal Reserve system. I am not sure when but there was a statement from the US treasury regarding US treasury notes (non fed dollars) saying somehting to the affect of they were no longer needed to be kept in circulation because Fed notes can act as Treasury notes. Technically there is still 60 million of them in curculation but they are just moved from bank to bank. If a demand for lawful money is made, say by a restrictive endorsement on the back a pay check are you nolonger using "thier" the central banks money? Is your money technically yours?
According to this Federal Reserve document, "Lawful Money" was never defined but it was enforced by court rulings to be Federal Reserve Notes.
http://www.federalreserve.gov/faqs/currency_15197.htm
I also came across an interesting exchange between what I think may be smal time bankers debating one customer's request for lawful money
http://www.bankersonline.com/forum/ubbthreads.php?ubb=showflat&Number=16...
Apparently then, Title 12 USC ss 411 is not a solution either
yes it is.
Who Owns The Federal Reserve? | Global Researchand who owns the fucker?
The Federal Reserve Cartel: The Eight Families | Global ...we can't say - we will be banished to the Land of Wind and Ghosts, for certain facts, you see, are also "hate."
Once, people felt free to discuss all kinds of facts, with no regard to the idea that the truth is sometimes hate, but that was in the Before time, in the long long ago
Seriously, though, all that ultimately matter sis a tiny handful of rich bankers print our money as a loan at interest and we can not seem to get this changed.....
They've done a bang up job over the past 100+ years. MIC stepped in with them about 6 decades ago too.
Kill the money changers and the rest dies with them.
Now go enlighten a teenager!
boy are americans going to be pissed when they find out the federal reserve leased/lost all that gold that is supposed to be in fort knox.
Americans aren't allowed in Fort Knox.
Our case may be a little unusual - but I'll tell you - something is afoot. We are US citizens living outside the US. We have a 30 year relationship with a large brokerage firm in the US. They have our lifetime savings. About 9 months ago they sent a letter saying they could no longer sell us mutual funds. Fine. Shortly thereafter they wrote saying that they reserve the right to not let us purchase (have our money sit in) money markets in the future - hmm that would crimp our style a little. Today we received a letter saying that they could no longer perform currency transactions for us. These people are no longer targeting money laundering...
GET YOUR MONEY OUT.
Mao's philosophy was to swim like a fish in the waters of the people. He chose the deep countryside to hide his forces from the stronger nationalist forces, until they were prepared. In todays world the countryside offers nothing from the prying eyes of government.....look instead to the ghetto, where the oppressed have found deep warrens in the failed inner cities....where the police do not patrol, except in heavy numbers when they make a show...then disappear back to their fortresses.
you don't have to buy what they are offering
1) save more than you spend
2) inveset wisely without being too greedy
3) have patience for interest to compound
4) load up on bank stocks during financial crisis
5) own bankers, get respect
that's the buffett way
Last two Presidents to try and move away from the boys club were shot and one didn't survive. Just sayin'.
Abolish the Fed.
Enact Term Limits.
Anything and everything else will achieve nothing until these two things are done.
Only hope I'm afraid is for China to blow up the derivatives with the Shanghai metals exchange and dumping UST in a serious way.
1 Term Presidents.
3 Years to do something, then GTFO.
We shouldn't have presidents run, get elected, then sit there and spend 99% of their time attending dinners and playing golf raising funds to get re-elected so that they can go and raise funds for the next guy in line.
I agree. JFK tried to back the buck with silver and six months later he got clipped. Just a coincidence.
There's a plot in this country to enslave every man, woman, and child. Before I leave this noble office I intend to expose this plot.
JFK - 11/15/63
That quote and the one from Jefferson should be mandatory term paper projects for every high school senior. Find out what they mean and show that you understand them. Save Daddy 400K on sending you to some pile of shit propaganda powerhouse like Harvard and all Daddy will have to pay for is your icrap so you can listen to Bieber and download Kim's app.
Kennedy's reward has NOT been lost on his successors. If Ron Paul would have won the election by some miracle, he would have never lived to the Inauguration.
More likely there'd be a false flag and he'd have to choose between freedom and security.
If he chose freedom there'd be another attack.
Etc
Y'know, I have no idea whether or not JFK said that, or Jefferson uttered that quote about foreign banks causing inflation and deflation, but some folks who tried to find the origins of these quotes think they're fakes.
http://www.illuminatirex.com/conspiracy-misquotes/
The House is even worse. Two years are you fucking kidding me the minute those cocksuckers pat themselves on the back for winning they are already campaigning for the next one. What do they even accomplish? All whores. All of them. Complete scum in my view.
The HOUSE???
I have three words for you.
Senator
Al
Franken
I had no 'mentor' growing up that helped me come to understand how our world works. All my elders spouted the same conventional wisdom to 'get a job'. They never questioned their lives or the institutions that controlled them. Now, I hardly ever discuss any of these 'revelations' with anyone over 60. I find it to be futile and a waste of time. On the other hand, my children are well aware of the debt-slave model of our dystopia society and the history of the fed-res. Their upbringing will be different than mine. I have no faith in my parents generation as they have no interest whatsoever in having their belief structure challenged. But I remain optimistic that my children will live free. Too many people accept their slavery without question. But when they see this is a choice, they will choose not to. I'm waiting for the 100th monkey, and that's when tptb lose their leverage.
Sorry, the debt system is simply a symptom of our fallen nature. We believe that we know best and there is something for nothing. We see that all around us.
The wisdom of the world is foolishness to God. 1 Corinthians 3:19
It is all so predictable.
sschu
Sorry, but the idea of original sin is another falsehood. Read Daniel Quinn's Ishmael and you will understand our 'nature' better.
So we are not fallen? What was that Adam/Eve thing about in the garden?
The Bible is full of references to our brokeness, and history is replete with examples.
And if we are not fallen, then we do not need a savior, hence Jesus does not fit.
It remains so true, the wisdom of the wise is foolishness to the Lord.
sschu
You're childish exuberance is endearing. The. Bible is mostly misinterpreted. You're cognition is conditioned by your religious inclinations.
The Bible should be read literally, except where it clearly states that the text is a parable or metaphor or the like.
I am anti-religous, and highly skeptical. Not sure how you can make these statements without knowing me.
Bottom line, who was Jesus?
sschu
WTF is with you Americans, all Biblical and shit. Can you all please just leave fairy tales out of it, we got a revolution to start
Go ahead and start your revolution, see where it gets you. You are playing right into the enemy's hand. How many revolutions have worked historically?
Perhaps take a look at your world view, it just might be you are the one living in the "fairy tales".
These problems are not solvable my man. There is no political solution. Never has been and never will be.
Ephesians 6:12 For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms.
sschu
Another fucking Bible-thumper...
Yes, my world view is based upon God's Word and Jesus as our Lord and Savior.
Tell me about your view and why it is valid?
sschu
.
https://en.wikipedia.org/wiki/Daniel_Quinn
interesting.
the ancients phases of civilization. gold silver bronze iron clay. degrading from a blessed state to nothing.
http://biblehub.com/luke/15-11.htm the parable of the prodigal son.
There's a plot in this country to enslave every man, woman, and child. Before I leave this noble office I intend to expose this plot.
JFK - 11/15/63
Sadly, he was dead 7 days later and never got to expose this plot, though if one has paid attention the plot has been unfolding before our very eyes.
What you call system of enslavement I call system of power.
Power has a double connotation; good and evil; whereas enslavement only has one.
When you begin a thesis which is close-ended you become Marxist : all history is the history of class struggle. That is an unacceptable vision of human constructs. It may have some truth to it but its not the be all and end all of all societal constructs.
So your premise is the same as that of Marx. I'm sure you can appreciate the irony of the situation!
A liberatarian using Marxist rhetoric!
Any honest historian has an open ended vision of society that he observes in detail from ALL angles : All power systems are in the image of Man. They can bring good as they can bring evil.
Like in all constructs when they GO TO MONOPOLY or to absolutist systems, without counter powers to challenge them, they become totalitarian and despotic; aka all power corrupts and absolute power...
So, when you say the FED was an enslavement construct that is prejudging the issue, not evident for a central bank per se. Other countries have had central banks which were government controlled UNLIKE the FED. Its that which made it special. The demise of Pax Britannica did the rest, as USA and its money became monopoly system.
What MADE THE FED A TOTALITARIAN institution was the fact it had no counter powers to judge its functionings as it belonged from DAY 1 to the private Oligarchy : BIG BUSINESS and not to State; not to Woodrow Wilson, who did not understand how he had been hoodwinked until it was too late; as the WW1 made him a debtor to its machinations.
The FED was a TOOL, the OLIGARCHY that ran it, made it its Harem Eunuch for the ages to come.
Like the Ottomans.
I think its fair to say that most people that believe the Federal Reserve should be abolished, stand to say that the Design of the system is despotic.
A central authority with the power to issue unlimited currency with no over-sight, is ripe for abuse.
Money is for all intents and purposes supposed to be a store of value, thus the entire value of a nations money supply is supposed to represent the work and energy of the people in that nation.
When that nation works and toils to produce wealth, and one central authority in that nation can steal an unlimited amount of wealth from the people by printing up currency... you endup inevitably with an oligarchy as humans being human will steal from their neighbor if it's easy enough.
Thus most people who want to abolish the Federal Reserve, don't necessarily want to transition away from central banks, but rather limit their powers and introduce a counter-measure to give the people a fair-shake.
The current currency/monetary model is an atrocity, it is built upon fraud as its foundation.
Just as someone engages in operating a ponzi scheme is unjustly enriched, the central bank and its friends are also unjustly enriched, this causes market distortions and means that someone who is doing the right thing and making the right decisions may be wiped out because of the centralization and warped markets that the gravitational distortion of a centralized counterfeiting ring like the Fed and commercial banks create.
The Federal Reserve is a fraud.
Your local bank branch is a fraud.
They are all operating illegally in this country as per the constitution (this is just a simple fact), our banking system is actually criminal.... its a fact that can't even be argued.
This is evidence in fact that the laws in this land do not apply equally to all the people , citizens, persons, and corporations... there are different laws for different classes of people... the higher up in the criminal class you go, the more immunity you gain from the law.... the larger the crime, the less accountability.
This disease is systemic in nature and needs to be corrected or the consequences will be quite a travesty for the masses, while the elect few will be shielded from the back-blow.
I believe you touch upon some good and relevant points. But the fed-res is only a modern manifestation of a much older concept, which you elude to with the ottoman reference. A system of hierarchy is not our natural condition. Check out Quinn and you will be impressed.
"heirarchy is not our natural condition" ?
WHat history book have you been reading?
Is that what Custer said to the IndianS?
Is that what Alexander said to the Persians, after the Persians had said the same to the original Athenians ?
Lol, Hierarchy is the natural system of society since they created the Caste system.
It was the Enlightenment, for the first time in History, which gave that sense of freedom to the COMMON MAN.
So it all began around...1750....
Our culture began approximately 12,000 years ago. And it is not humanity. Start with Diamond's Guns, germs and steel. A solid foundation to build on.
And it leads where?
Don't tell me you are a social darwinian who thinks "its all fun and games and the germs always win".
Personally, I don't feel a bit abused by my lender. I have a big home with a big mortgage and I love it. With all the tax bennies, It cost me far less then one would think at first glance. My 2nd point is that this column is another that belongs in the Huffington post, not here. My lender is Bank Of America, a publically traded company! Any of us can own BOA stock and reap those rich rewards, (sarc). 3rd point, the loose money policy at the Fed is simply a reflection of where our whole society is at this time. Anything goes....until it doesn't. We have become a country that punishes success and rewards sloth. A cop can't even do his job without being a monster. Its an upside down world right now and we are going to pay for this irreationality eventually.
He will make in retirement alone moar than you can spend in your lifetime.
Keep paying those property taxes
You're a very contemporary man. I'm glad that the debt-enslavement system is still working for you. Good luck.
The Federal Reserve
and
Fractional Lending of Credit from Commercial and Local Banks
They are one and the same.
They are both counterfeiters.
BANKERS cause all WARS and are at the root of all evil !
Eliminate the FED BANK
There is a solution. Never borrow dollars so you never pay interest. Store money in gold and silver. Transact in bitcoin.
Take their power away by not feeding the beast. The democratic process will never get us there.
And there is a central bank that can counterfeit an unlimited amount of $$$ and make any market for any asset do whatever the hell they want.
You buy bitcoins? they can drive the price down.
You buy gold? they can drive the price down.
You save dollars in your bank? they counterfeit more of them and de-value them.
You buy a house??? they can raise rates and the value of your house hits the floor as buyers are nowhere to be found.
You have a job? they pay/bribe to pass a law to increase regulation on your industry and you get fired.
Counterfeiting is a plague, its a disease... a sickness that assholes that work for banks are happy to spread, because the more of us they crush with their perversion the more of our wealth and labor they get to confiscate for themselves.
It's disgusting.
Fractional Reserve banking (counterfeiting) does more harm than Pandoras Box.
And if you ever get enough people to stop using the central banks notes , they will use the military and police and media and idiot masses, against you to hold onto power.
Yes, but to drive the price of bitcoins down, they have to buy the bitcoins first, which drives the price up. Although they can whipsaw it around, that is one market they cant control (unless they create laws that make it impossible to use), which is likely, since they cant control it)
Or they can use a billion dollars to build a super-mining rig and dump them at a loss.
Because Central Banks cant operate at a loss since they need to hold no capital, they print (steal) wealth from you to spend.
Or they can pay/bribe govts to legislate the value down.
With unlimited money and no accountability, they approach the power of GoD.
If you're already screwed I wrote a book that can help.
http://www.amazon.com/Debt-Hope-dirty-survival-strategies/dp/1907498524
I avoided the trap yet they kill me. I have no debt, own land, have animals, have preps, have garden, - trying for self-sufficiency and yet they kill me. The more people that can no longer keep their homes and thereby can not pay property taxes, the higher mine go - they will not cut back on spending until all my resources are gone as well - go to hell blood suckers and debt peddlers.
You're not alone. You have the best of intentions and the worst of circumstances. Sorry bro. This is when people usually advise me to move to Costa Rica.
Sadly, you cannot fully realize the benefit of your prudent approach while you "live in society". But if you take your approach one or two steps further, move to the extreme boonies where nobody goes or cares about, then you can indeed extract yourself from predator domination.
I did that 3 years ago, and am very happy.
Of course, I love solitude, while many people abhor solitude. So I don't have a good answer for everyone. But from your description, you might do well.
I live 125km from the nearest human beings, and quite a bit further from the nearest population center (several hundred people). I see nobody for 2 or 3 months at a time, have no radio, no TV, no communications except email. If I could just go cold turkey on my ZH addiction, I'd be free! :-) Once I get off this planet, I will be almost completely free. Once I become inorganic, well, then I will truly be free. And immortal.
Consider taking another step or two. The further away from the conventional world I've gotten, the more happy and content and safe I become. It can work for you too, if you have the right inclinations, or can develop them.
Yes, I love the deep Amazon, but have to come out for air occasionally. It's a good life.
I don't live in the Amazon, but I do live in the southern hemisphere. So, pretty good guess.
Actually, I have lots of breathing room and fresh air where I live. But sometimes I feel short of air when I visit populated areas.
Actually, usually I only go where the local population is 25 to 250, but now and then I'll land somewhere the population is a bit more extreme (thousands).
I am 25km from a population of 8 thousand, 100km from 20 thousand, and 400km from 800 thousand - in my economic circumstance I can get no further from people - just hoping that the small land holders in this area will stand together in an emergency. Thanks for your comments.
Add it - the 6 inches of snow we just got is a good start on the normal 4 feet or more - provides a measure of privacy from city dwellers lol
Imagining the world is ruled by "elites" that are omnipotent and out to enslave you is itself a beliefsystem that enslaves you more than any imagined "elites" could. It casts you as the helpless victim at the mercy of all-powerful slave-masters. You are imprisoned by your own mind.
Sure I know the only truly free are the closest people to the natural order of life - the most free would be someone like the African goat herder with no set roots, goals, hopes or responsibilities beyond staying alive.
You can be as free as an African goat herder whilst living right in the middle of a metropolis, location or lifestyle is not the issue. Besides, it is a bit presumptuous to imagine a goat herder has no roots, hopes or responsibilities beyond merely surviving. Also, what makes your life more complicated or important than his?
Worrying about who owns the Fed or how people you will never know might be manipulating markets is totally useless to the immediate sensory experience of your existence, which in the end is all you have. It just distracts you, creates fear, paranoia and feelings of helplessness, none of which will be of any use to you in this short period you have on Earth.
Also, preoccupying yourself with all these abstractions will not change the realities of the society you live in, so why bother?
Guillotine the Fed!
An American, not US subject.
Their puppets too!
“What the federal government actually does is borrow money that the Federal Reserve creates out of thin air.”
Not quite.
It is much worse. Federal Reserve notes and bank reserves used to be issued in exchange for US Treasuries. (Now, the FR will take almost any debt instrument in exchange for FR notes or reserves).
Since US Treasuries possess value only to the extent the Treasury can collect taxes from following generations of taxpayers, Treasury securities represent a financial cannibalization of following generations.
Characterizing issuance of new currency (or bank reserves) as backed by thin air is so benign compared to what actually happens that it almost constitutes a justification for such issuances.
If we characterized it for what it is, perhaps we could end it sooner, and with less destruction of our children and grandchildren… to the end of time. Yes, my phrase “to the end of time” is based on data, assumptions and formulas provided by Financial Reports of the Federal Government.
I see, so these mean bankers put guns to all the morons’ heads and made them borrow money to buy crap they couldn’t afford?? Yes, the masses are pretty well dumbed down and plugged into I-Phones and ‘Dancing with The Stars’ will do that. But they still made choices, albeit stupid ones. Just realize, if all of America suddenly decided to live within their means, it would be the greatest collapse in history. It takes more and more debt just to keep their heads above water, then come bailouts and loan forgiveness. If the government balanced its budget, a half-million workers would be laid off and couldn’t go shopping anymore. Which would accelerate the collapse.
This is a nation that willing and happily runs on debt. Eight and nine year car loans; loose credit for all. The oligarchs must keep the lemmings content. The Fed Bank is the enabler, and it is easily done by telling the masses they need a new car every year, and new toys, and that DEBT is the bridge, not to bankruptcy, but to fun.
All this debt means jobs! It keeps the auto makers in business and the stores too. Ending the debt party will be real ugly. Dow would be 6,500 or less, real fast. They are debt slaves, but willing ones.
Is the interest that gets payed to the goons behind the Fed green paper or is it gold or silver or what??
any profit is returned to the treasury.
Andrew Jackson
Just remember this, Tyler: I take umbrage with the term "debt slave." We've had this discussion before, and I asked you to please not call me a debt slave or a peasant. I prefer the term "indentured servant" or even "serf." I do, after all, have my .pride.
Human Labour is the "Prime Asset".
Unlike a coal mine, or an oil well, this asset is never depleted.
There have only ever been two ways to make a living. You can do productive work OR you can exploit the productivity of others. There is no third way.
For as long as you can harness the labour of other men, you remain comparatively wealthy.
The "system" is exquisite in its ability to exploit that labour ... with the active co-operation of the exploited. It is kinda mind-boggling in its perversity.
Consciousness creates values.
Human labour is one of the manifestations of consciousness. Physical labour is not as important after the information to harness inanimate energy sources is developed. Meanwhile, the production of destruction controls production, which is the paradoxical connection between "productive work OR ... exploit the productivity of others."
The ruling classes wage war against the consciousness of those they rule over. (There is blow back from that which also harms the consciousness of the ruling classes.) War on consciousness "is kinda mind-boggling in its perversity!"
Like any living cell, we only need a food supply and friendly enirvonment to thrive. And when we face threats, we adapt or do whatever is necessary in order to continue our existence.
https://www.youtube.com/watch?v=vabnZ9-ex7o
Ya gots to do whatever ya gots to do to survive intact.
When we start out in our careers, we are shown a distorted view of debt, from the viewpoint of the 'system'.
Over the years, most, but not all of us, become entrapped by the misleading and false representation we saw then.
And thus we go from a prism of debt to debtors prison.
Jobs used to be plentiful. We always thought the jobs would never go away. Put a sewing machine in everyone's home, an electric saw in their garage, fabric, wood, patterns, and let them start working, and selling their products, a glass factory in every state (customers on Main Street) and you will see why American ingenuity created a nation everyone wanted to live in.
Until American ingenuity put computers and robotics into every factory and half the manufacturing jobs that weren't farmed out overseas were computerized. And theose workers were pushed down labor's totem pole and American middle class began to disintegrate.
As productivity rose, there were less high paying manufacturing jobs and the vicious cycle began.
The service jobs that replaced them will disappear like the morning dew after the triple dip recession heats up.
/revised but not improved
While that article, and many of the comments upon it, were mostly correct, they understated the degree to which the established systems of debt slavery have already generated numbers which are now debt insanities. Although the American Federal Reserve Board is the greatest of the National Central Banks, and therefore, the greatest of National Fraud Kings, there is an international system which has been operating, with the Bank of International Settlements as the King of Kings of Fraud. Although the Fed is the single biggest of the National Fraud Kings, it is still only another component in a globalized system of electronic monkey money, backed by apes with atomic bombs.
It seems to me that the majority of people are muppets, or mainstream morons, who do not understand the Federal Reserve Board, because they have been conditioned to not want to understand. While I agree with the THEORY of educating people about the monetary system, I find that every well-known example of presenting a relatively good analysis of how the monetary systems actually operate always ends in bullshit "solutions," because those always collapse back to false fundamental dichotomies and their related impossible ideals, when then turn from their relatively good analysis to their bogus "solutions."
The PRACTICAL problems, therefore, are that even IF there was the first political miracle whereby enough people understood the history of the monetary systems, there are no good reasons that enough people would thereafter agree upon any better resolutions of the problems. In my view, it would take other, much deeper, political miracles for enough people to more fully understand the history of money system, which then did not end by collapsing back to bogus bullshit "solutions" at the end.
A BIG problem with endeavouring to End The Fed now is that there has already been more than a Century of enforced frauds, which has enabled everything worth robbing to be already robbed. At this point in time, only robbing the robbers back to better balance could address the degree to which the previous history of legalized frauds enabling robbery has produced an extremely unbalanced situation. It would take a much more profound intellectual scientific revolution for enough people to understand the facts enough, to thereafter not return to the same old-fashioned false fundamental dichotomies and related impossible ideals, when switching gears from relatively good analysis of the history of the monetary system, using relative dichotomies, to the synthesis of solutions, which I find almost always returns to being based on the same old-fashioned false fundamental dichotomies and impossible ideals, as found in every well-known religion or ideology that I am currently aware of.
There is NO DOUBT that the existence of the Federal Reserve Board MEANS that the government of the USA is the biggest form of organized crime, controlled by the best organized gang of criminals. There is NO DOUBT that the international bankers are the biggest gangsters, the banksters, that already dominate all of the social and political institutions throughout most of the countries, including, especially, of course, the USA. However, the degree to which the banksters have been riding on the biggest bullies' bullshit social stories was built into the basic natural languages that we use, as well as into the basic philosophy of science that we also presume upon.
IT IS ALMOST IMPOSSIBLE TO EXAGGERATE THE DEGREE TO WHICH WE ARE LIVING IN A BIZARRO MIRROR WORLD, where the existence of the Federal Reserve Board, as the American King of Fraud, which is the most globally dominate King of Fraud around the world, is a symbol and symptom of the degree to which we are almost totally controlled by systems of legalized lies, backed by legalized violence, which is pretty thoroughly running through EVERYTHING ELSE, beyond those most obvious in the monetary system.
All human realities are organized lies operating robberies. All private property is based on claims backed by coercions. The debt controls depend upon the death controls, which is why MONEY IS MEASUREMENT BACKED BY MURDER. It is because money is measurement backed by murder that the Federal Reserve Board developed on the basis of the application of the methods of organized crime to the political processes, mainly through bribery, intimidation, as well as assassination of those politicians that could not otherwise be bribed or intimidated. The historical success of the banksters transforming almost all successful, surviving politicians into their puppets also co-evolved with transforming the majority of citizens into muppets, or mainstream morons that were brainwashed to want to believe in the banksters' bullshit.
Amongst the few people that learn about that real history and deeper nature of the monetary system, almost all of those continue to be reactionary revolutionaries, who continue to propose bogus "solutions" based on the same old-fashioned impossible ideals, which actually continue to make the opposite happen in the real world. There was thousands of years of the history of Neolithic Civilizations based on backing up lies with violence. Warfare was organized crime on larger and larger scales. Success in warfare was based on deceits and treachery, more than anything else. Upon that basis was built a political economy based on ENFORCED FRAUDS, which is the system that the Federal Reserve Board is at the heart of, as the American King of Fraud, working within the globalized systems of all the other Nations Kings of Frauds, which are integrated into globalized systems, through institutions such as the Bank of International Settlements, which is the King of Kings of Fraud.
Any attempt to change America changes the whole world, and vice versa. America is the heart of the beast, since the American Dollar is the global reserve currency, backed by the American Military, as globalized electronic monkey money, backed by apes with atomic bombs. Therefore, our problems are actually trillions of times worse than ever before in human history. The ruling classes that made and maintained the monetary systems have actually lost control, as well as become criminally insane.
Just because the ruling classes were the best at being dishonest, and backing that up with violence, in order to operate the human systems of slavery, which became more sophisticated, to finally result in the current systems of debt slavery (i.e., the Fed's existence as legalized lies backed by legalized violence, or as ENFORCED FRAUDS), does not cope with the runaway criminal insanities, which are manifesting in the ways that debt slavery system has generated numbers which have become debt insanities.
The MAD Money As Debt system is backed by the MAD Mutual Assured Destruction system. Anybody who proposes that some resolution to that situation could be by merely End the Fed, is being ridiculously old-fashioned. The ruling classes have become criminally insane, because there have been developed sciences and technologies which are trillions of times more capable and powerful than ever before during the history of Neolithic Civilizations, while the first generation to grow up with globalized electronic fiat money frauds, backed by the threat of the force of weapons of mass destruction, is still alive today!
The article above, as well as most of its comments, were mostly correct about the current situation, or the history of how that runaway social insanity, manifesting as the existing of an institution like the Federal Reserve Board, got going. However, I find all of those to still be relatively superficial, and therefore, proposing nothing remotely close to any adequately better resolutions to those problems. It would take a series of intellectual scientific revolutions, which could then apply to political science, and thus, to the combined money/murder systems, which is generally NOT something that one will encounter in any of the proposed bullshit "solutions" based on an old-fashioned religion or ideology. NOTHING remotely close to that is proposed by any of the reactionary revolutionaries that I am aware of, who promote the notion that we should End the Fed.
Of course, at the present time, it is not clear that really matters, since the established systems are entrenched, and continue to be able to fool enough of the mainstream morons enough of the time, since the established systems are able to continue to manipulate the masses of muppets to want to believe in the banksters' bullshit social stories. Therefore, so far, it has made no practical difference that there are groups of reactionary revolutionaries, who are attempting to "wake people up" or "educate" them about the nature of the monetary system. However, presuming that the established debt slavery systems continue to generate more runway debt insanities, as the numbers which are necessarily made by the structure of the established systems, at an exponential rate, in order to keep those systems going ... then we must necessarily be headed to some points in the future where there will be crazy collapses into chaos, and psychotic breakdowns of those runaway systems of legalized lies, backed by legalized violence, which are suffering from the paradoxical final failure from too much successfully enforced frauds, which never stopped those frauds from still being false.
By and large, most of the reactionary revolutionaries proposed idealized "solutions" based on what money should be, which deliberately ignore what money is! I expect that those people will continue to do that, regardless of my efforts to point that out, but nevertheless, I repeat the main point: MONEY IS MEASUREMENT BACKED BY MURDER. That is the only way to fully understand the Federal Reserve Board. Furthermore, only upon that basis might it be possible to present more realistic resolutions of the chronic political problems which are inherent to the nature of life, which solutions do not collapse back to promoting impossible ideals. (For instance, that money backed by any commodity is actually the measurement of that commodity backed by murder.)
The ONLY connection between human laws and natural laws is the ability to back up lies with violence. Governments are basically military organizations, which operate on the basis of the principles and methods of organized crime, on larger scales. Citizens are actually members of an organized crime gang, which they call their country. However, most of them have been reduced to acting like incompetent political idiots, or Zombie Sheeple, who not only do not understand their own real situation, but also have been conditioned to feel that they do not want to understand. Meanwhile, almost all of those who do "wake up" and then try to "educate" others, continue to still mostly be Black Sheeple, or reactionary revolutionaries, whose analyses are relatively good, but whose bogus "solutions" always collapse back to the same sorts of old-fashioned religions and ideology, which they personally prefer. Hence, most of the people who try to educate tend to end up attempting to lead backwards, in different directions, depending upon which old-fashioned religion or ideology they personally prefer.
I regard the reactionary revolutionaries as forms of controlled opposition. I believe that they tend to be utterly unrealistic, because the continue to propose their kinds of bogus "solutions" on the basis of their ideas about what money should be, which continue to deliberately ignore that money actually is measurement backed by murder, which operates inside the ways that human realities are always necessarily organized lies operating robberies. There is no private property that exists outside of backing up claims with coercions. Money is merely the most abstract form of the way that private property does not exist without some system of public violence.
The history of warfare developed our death controls to be best operated through the maximum possible deceits. Those who survived through that selection process became the War Kings that created the powers of sovereign states. The same methods of organized crime continued to be applied to the political processes of those sovereign states, by the international bankers, as the best organized gangs of criminals, that effectively privatized the public powers to rob, and to kill to back that up, mainly through the ENFORCED FRAUDS which entities like the Federal Reserve Board, and other privately controlled banks, are enabled to do, because the public "money" supply was thereby effectively privatized, as legalized counterfeiting, which frauds the government enforced, and agreed to also operate within.
My view is that there is nothing which can prevent the currently established MAD systems from driving themselves through to their own self-destruction. I think that our society is already terminally sick and insane, because it has already allowed the established debt slavery systems to generate numbers which are debt insanities, which can NOT be resolved within those systems, but rather, are headed towards provoking death insanities. Overall, we have already gone quite deep into apparently irreconcilable social polarization, and seemly irreparable destruction of the natural world, due to Neolithic Civilizations being controlled by lies backed by violence, such as currently manifesting by the ways that the Federal Reserve Board operates as enforced frauds.
That is especially the case because those increasingly sophisticated social slavery systems have had their pyramid structure pumped up and UP by technologies which have become trillions of times more powerful, while that is headed towards quadrillions, if technological civilization was able to survive that process. However, in my view, nothing else than intellectual scientific revolutions could provide the basis for the sorts of political revolutions that we need, IF the human species is going to survive having developed the kinds of science and technology which we have already developed.
Assuming that things continue to get more obviously and blatantly worse, faster, then more of the mainstream morons are going to be forced to start thinking, as they are driven out of the comfort zone of their habits. However, I observe that the reactionary revolutionaries, who continue to propose bogus "solutions" based on the same old impossible ideals, provide no genuinely better resolutions to the real problems. Rather, in my view, the reactionary revolutionaries only contribute to the overall crazy collapse into chaos.
As outlined above, the only way to have better government is to have better organized crime, which would require greater use of information, enabling higher consciousness regarding to how we perceive and operate our combined money/murder systems, to transform the frauds of privately controlled banks creating the public "money" supply out of nothing as debts, which were enforced by governments demanding the payment of taxes, deemed payable in that fiat money as legal tender.
Human beings generally operate as entropic pumps of energy. However, our civilizations were built on the basis of backing up lies with violence, which systems became more sophisticated, and technologically advanced, to become what they are now. Along the way, the biggest bullies' bullshit social stories became dominate, throughout the natural languages that we use, and even through and through the mainstream philosophy of science which most people take for granted today. Therefore, almost all of us continue to understand time and space in common sense ways that have been proven to be wrong and backwards. In particular, we understand the concept of entropy backwards, and therefore, the ways that we understand human beings as general energy systems is backwards.
That general philosophical problem takes the contemporary form that the government of the USA is the single greatest form of organized crime, controlled by the single best organized gang of criminals, the Federal Reserve Board. Those systems of enforced frauds are the real ways that the American monetary system operates, through combined money/murder systems. For most people those are practically State Religions, in the form of the American Dollar, and American Military, or the monetary system and national security ... both of which have become criminally insane, and therefore, headed towards psychotic breakdowns, due to their paradoxical extreme successes via operating through the maximum possible deceits and frauds, which has been manifested by those organizations being the global reserve currency, backed by a military power that is perhaps greater than all the other national militaries combined (although that is really a criminally insane and incomprehensible situation after the the development of an abundance of weapons of mass destruction.)
Overall, the amount of "money" made out of nothing to speculate with has become at least a couple orders of magnitude greater than the entire economy which is still physically real, because the electronic fiat money made out of nothing to gamble with has become runway criminal insanities, based on nothing but the ability to enforce frauds, which is quite considerable after that money becomes electronic, and the force to back that up becomes atomic.
Ideally, we should develop monetary systems which are consistent with general energy systems. However, that is practically impossible due to the degree to which the established systems are based on enforced frauds, which require attitudes of evil deliberate ignorance towards themselves. The American Dollar and American Military, as controlled by the international bankers, have become absurd, psychotic State Religions. Of course, relatively few Americans understand that. Moreover, of those few that do, most of them are reactionary revolutionaries, whose suggested "solutions" are to go backwards to some other old-fashioned Religions or Ideologies.
I suggest that we should go through a series of intellectual scientific revolutions, in order to transform the Federal Reserve Board. Of course, my recommendation will surely continue to be deliberately ignored by the vast majority of the population, and not approved of by either those operating the established systems, nor the controlled opposition groups promoting their own sorts of bogus "solutions" in the form of their reactionary revolutions.
Natural selection pressures drove the creation of the artificial selection systems that exist now, and therefore, it appears that only more natural selection pressures can change the existing artificial selection systems ... During those transformations, it is difficult to say whether or not any greater use of information enabling higher consciousness regarding the death controls that back up the debt controls will be possible to facilitate the catalysis of those transformations. I like to continue to indulge in the irrational hopes, or the political science fiction and fantasy, that it may become possible ???
Want a strategy? Overthrowing govt is the name of the game. Overthrow Israel. On My Map, the X is over Israel - Its a Gold mine, buried treasures and hidden loot parked in this little mine field called the Jewish Military State of Israel.
The only people who can enslave you are the people who live in the dark recesses of society, they kill the leaders and leave the masses wandering aimlessly, opportunistically devising the wolf in sheeps clothing pallets of propaganda and puppets. Owning the airways sealed the deal. Lunatic fringe, however, is outnumbered by several hundred million, and I believe that the consequences of ignoring the fact they are outnumbered - why The Majority Rules