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A Brief History Of Crime: How The Fed Became The Undemocratic, Corrupt & Destructive Force It Is Today
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Perhaps the most famous, and prescient, financial cartoon in American history is the depiction of the Federal Reserve Bank as a giant octopus that would come to parasitically suck the life out of all U.S. institutions as well as free markets. The image is taken from Alfred Owen Crozier’s US Money Vs Corporation Currency, “Aldrich Plan,” Wall Street Confessions! Great Bank Combine, published in 1912, just a year before the creation of the Federal Reserve. Here it is in all its glory:

Our ancestors were wiser and far more educated than modern Americans about the dangers posed by a centralized, monopolistic system charged with the creation and distribution of money, and our society and economy have paid a very heavy price for its ignorance.
Indeed, some of today’s Fed critics aren’t even aware that the U.S. Central Bank originally had far less power than it does today. As concerned as they were, its early critics could never have imagined how perverted its mandate would become in the subsequent 100 years. A mandate that has now made it the single most powerful and destructive force on planet earth.
Earlier today, I came across an excellent op-ed in the Wall Street Journal in which the author explains this transformation in just a few short paragraphs. Here’s some of what he wrote:
History suggests that the only way to rein in the sprawling Federal Reserve is to end its money monopoly and restore the American people’s ability to use gold as a competing currency.
The legislative compromise that created the Fed in 1913 recognized that the power to print money, left unchecked, could corrupt both the government and the economy. Accordingly, the Federal Reserve Act created the Federal Reserve System without a centralized balance sheet, a central monetary-policy committee or even a central office.
The Fed’s regional banks were prohibited from buying government debt and required to maintain a 40% gold reserve against dollars in circulation. Moreover, each of the reserve banks was obligated to redeem dollars for gold at a fixed price in unlimited amounts.
Over the past century, every one of these constraints has been removed. Today the Fed has a centrally managed balance sheet of $4 trillion, and is the largest participant in the market for U.S. government bonds. The dollar is no longer fixed to gold, and the IRS assesses a 28% marginal tax on realized gains when gold is used as currency.
The largest increases in the Fed’s power have occurred at moments of financial stress. Federal Reserve banks first financed the purchase of government bonds during World War I. The gold-reserve requirement was dramatically reduced and a central monetary policy-committee was created during the Great Depression. President Richard Nixon broke the last link to gold to stave off a run on the dollar in 1971.
This same combination of crisis and expediency played out in 2008 as the Fed bailed out a series of nonbank financial institutions and initiated a massive balance-sheet expansion labeled “quantitative easing.” To end this cycle, Americans need an alternative to the Fed’s money monopoly.
And that, in a nutshell, is how American citizens lost their country and became a nation of debt serfs.
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F U FED
Try to explain the Federal Reserve, Fiat Money, Money, Fractional Reserve Banking and Capital Creation to 99.99% of Americans and they look at you with total and absolute incomprehension.
And then they think of you as a "right wing extremist".
Has the US really become so "exceptional"? that is, so exceptionally stupid?
I have tried to explain to most, failed everytime. They just look at me and say "huh".
"A Brief History ... The Fed... "
http://redefininggod.com/2015/10/globalist-agenda-watch-2015-update-84-2...
Maybe Xi will do us a favor on the 5th?
Current (covert) functions of the Federal Reserve System include:
interesting list, well done. but there is one fundamental function of the FED (and every other central bank of the world) that I am missing there: war finance
take a look at WWI and WWII and what the FED did, and ask yourself if the US could have done those immense feats without a central bank
this is a fact nobody is interested to adress: if two countries would be matched, but the one goes to war with and the other without a central bank...
... then the one without a CB would have no chance whatsoever
central banks are, among other things, an important military asset
Ghordius, think if only the USA could not afford Guns and Butter..we might just be a better country for the world and our own people. On this point alone the FED should be shut down..and elite criminals feeding off the FED, made to pay
part of this has a name: Peace Dividend
"Try to explain... to 99.99% of Americans"
12% = College (from 1 semester of CC to PhD)
25% = Functionally Illiterate
The rest = 5th Grade level education.
Does that mean they are "stupid"? God, no.
Information = power
Money = power
They are both "distributed" the same way.
Wake up.
and that 12% are just as dumb as the bottom fifth graders, except they think they've got it all figured out.
12% = Educated Idiots = Progressives Perpetutated
Look at all the fat people around you and you get to see a whole bunch of people who believe what they are told. EAT, SPEND, DO WHAT YOU ARE TOLD!
"who believe what they are told."
Does that mean they are "stupid"?
There are many reasons why people obey "authority".
The first is that they experienced it in the home from a baby (Max Horkheimer).
"Conditioning" is basic "hierarchy".
If at some point we see it for what it is, then, "how" do we begin to solve this problem?
You see? No "easy" solution, therefore, "authority" is always the "default".
It has become "common sense", which (as John Prine said) "don't make no sense no mo'"....
Those fat people have made members/investors of diet industry and GI surgeons very rich. This is all by design. Part and parcel. Scenic route to suicide. The coward's war, soldiers wear fine clothes and offer friendship.
"...And although suicide rates worldwide have traditionally been highest amongst elderly men, young people – that’s 15-29 – year olds, are now the group at the greatest risk in a third of all countries..."
http://www.counterpunch.org/2015/05/15/suicide-a-worldwide-epidemic/
The idea that the fed was intended to do anything other than what it does today is delusional. And yes, it is impossible to explain the fed or any of this to most people. Try explaining to a conservative that it is impossible to pay off the debt. Since new USDs are loaned into existence, there is, therefore, no way to pay off all the debt. The entire ediface requires perpetual debt creation and credit expansion. Without debt, there would be no money. The fed loans the american people its own currency with interest. Currency it creates out of thin air.
The debt could be paid off. Just work really hard and drastically cut spending. It's not as easy or fun as spending newly created money, but it's very possible. More dollars do not need to be created to pay off the debt.
Sen. Louis Thoma McFadden (R-Pa) recognized the Fed for the deadly slave scam that it was then and still is today. He went after them and paid with his life. Every last person in finance should be familiar with his name.
http://arcticcompass.blogspot.com/2013/05/who-killed-louis-thomas-mcfadd...
Just the fact that the Fed recoils from a routine audit indicates what a racket it is. They are fraudsters and they owe us all money. With interest. Big time.
The vast majority of Americans don't even know the multiplication tables; they can't add one-digit numbers in their heads; they don't know the difference between million, billion and trillion; and they can barely hit the fucking toilet when they are taking a shit: just visit any public toilet in that thirld-world shithole called the U.S. of Fuckin' A dood! Amerika and its Amerikans are solid shit.
Wow!
you must be a "smart feller"?
You can fill in the rest of the joke.
Having been raised by Americans as an immigrant, I want to tell you about what Americans do since you seem to have been raised by bigots.
Daddy was a blasting expert in nickle mine. Coal mine in SW Pennsylvania had water pipe break during subzero weather, ice had frozen in the shaft and they could not penetrate it. The owners (Byrd Coal mine) contacted Canadian mining industry and daddy was given temporary visa and then an ambassadorship to come to region and .
While here, in 1965, a mining accident resulted in 2 men at the bottom of a 500 foot shaft with a ton of muck in a cage, one man had 12 children. 1/5/1965, -7 degrees, accident happened when daddy was in Pittsburgh. They called him to Johnstown; the other minors were afraid to go down the hole since same crane was being used. Well, Daddy went down many times to remove debris. At 8 PM, when they finally reached them men (5 ft circumference hole, 500 foot into earth), the owners suddenly appeared as did TV crew and they were the ones who got the credit. Dad was offered the job of the deceased and we moved here immediately, given lifelong visas.
Daddy left to go around the world for the company. He left us with Mother ...a woman with issues (raised in a Catholic orphanage in Prince Albert, Saskatchewan). We were in a small town of 2000 people (Bobtown, PA) and myself and my brother, ages 5 and 6, were on our own. The towns' people watched over us. They had me over for dinner nearly every night. They let me sleep at their houses. As a little girl without supervision, I spent several years wandering around all by myself in the woods and fields, and never ran into trouble. They also watched for us during illness, when brother had appendicitis, they stepped up. They took me shopping for school clothes with their kids.
These Americas were Polish, Slovakian, Filipino, German, Hungarian, some spoke no English. Many 50 year old women were widows as their husbands died of black lung.
I owe my life to this little nondescript town. I should be a bar fly with enough baggage to drag me into the grave by 30 but because of these people, I went to school where I excelled, became popular despite my mother, the drunken tramp, and this alone is what gave me self esteem.
So, I will stand by Americans, and fight for them. And I am here to tell you, the USA has given many of us an opportunity to be somebody. Opportunity, encouragement, assistance...all for free....
Had you been raised in Europe your grammar would be much better.
I tend to gather 3000 fans when I am left on my own on a social page. No one is forcing you to read what I type. I certainly cannot imagine reading every comment under an article on ZH.
It is time Anti-Americanism be addressed. For the past several weeks, every goddam time I read comments under a tragedy, 50 people are controlling the thread with nonsensical one liners AMERICA DID IT, AMERICANS ARE BAD AND EVERY ONE OF THEM DESERVE NOTHING LESS THAN TO PAY.
WTF is wrong with you people . ARE YOU STUPID? Have no NO MEMORY of your fucking past? For Christ's sake did GOOD MEN die for you for NOTHING?
If there is a God, we will crack this wide open, and I predict all roads will lead to Command Control, I can see the puppet strings on Google Earth.
Israel and UK is where the STRING BEGINS and the USA is where the STRING ENDS. A fucking nation does not bankrupt itself while screaming in fear? It hunkers down.
Am not an educated woman but have read extensively and in fac,t am editor in medical field. I have been doing this for a very long time, nightly, every night, every fucking night for ten years, you will find this shit coming off my finger tips. and I am working as hard as every and not had a vacation in half a decade. Cranky only begins to describe me when I read BS in comment sections.
My aim is to set the record straight for future readers, not necessary the person I am responding to.
"...you seem to have been raised by bigots" so your argument starts with that you have not been raised by bigots
in that case, what would the reaction of the people that raised you be to what you incite further down in this article's comment section?
where you incite to kill people according to the groups they belong and not their personal culpability? without trials?
You got a problem with me? Not everyone agrees with me and I do not expect them to. Feel free to not read my ramblings. But considering the situation quite evident, I am going to point the finger at who is behind this catastrophe in the making, intentionally designed to bring as much suffering s possible and leaving innocent people humiliated and at the mercy of a powerful entity that has dedicated a CENTURY to accomplishing this.
Trickery in any form is aberrant and any who take part in it should be run out of town. And if that isn't possible, they should be jailed or left to street justice. You spend a lot of time on here, calmly stating your views, making intelligent observations and others responding, like a Festival of Faggots, while the ship is sinks. Fuck off.
One more thing:
https://www.youtube.com/watch?v=o9mJ82x_l-E
https://www.youtube.com/watch?v=JjlT1ZZfBsE
Bunny, you are confusing loyalty to the nation and your neighbors with loyalty to the state. This is one of the ways the state programs their subjects, like you.
I would also add that just because you owe your polyglot WHITE neighbors much for looking out for you, does justify people, who, say after a flood in New Orleans, demand that the state steal from you in order to make their life easier.
So if you really love your neighbors and your town and your state, your only choice is SECEDE NOW! otherwise you will simply be dragged into the zio-cesspool like the rest of the country.
A democracy can only function if everyone personally knows the people chosen to represent them. That means that you should be thinking of your town as your nation, and fuck the rest.
One of my little friends was BLACK...but her family had been here for a century, so maybe I left out African American. In my life, I have lived in, visited, traveled to or driven through nearly every state of this country, southern Europe, entirety of Canada, Mexico, central America, several tropical islands where tourists I met became friends if we toured together.
Every trip I made abroad was an American Appreciation trip. One law is all Americans require to return to normal - banning dual citizens from their elections. People are all the same. The good, bad and ugly. One on one we all get along. Taking hot topics off the table is all required to accomplish that.
No. You are wrong. All I required was to be left alone. I had a library to go to and I knew every answer to my question was in there. But I was alone and vulnerable, open to exploitation, and that would have destroyed me. Safety of that community is why I am here today. They watched over me and a Hands Off was put out. Respect for my father was why.
It isn't that bad. There are alternatives to the FED coming right around the corner. UPMA for example allows members to spend gold dollars minted by the treasury with no capital gains taxes. You can't charge capital gains on legal tender and the U.S mint creates exactly that in the form of buffalos and eagles.
upma.org
Exceptionally stuck in their ways I'd say.
You are a right-wing extremist. The FED-system is a right-wing construction – it’s the consolidation of wealth and power in private hands. If it was a left-wing construction the FED would actually be federal = in public control. I would still be against it, but on different grounds.
Since you don’t see this – and probably see it as some sort of ‘communism, progressivism, socialism etc.’ I conclude your one of the ‘deniers’. The same sort that during the fall of communism continued to defend communism: “This is not it – if only – real communism implies – etc. etc.”. We’re at the end of hyper-capitalism. Capitalism have “devolved” into crony-capitalism – just as communism “devolved” into crony-communism. It’s the nature of systems in which power and wealth are being accumulated and concentrated – it corrupts. Capitalism is an economic system that is designed to concentrate wealth and power.
The FED-system was only possible because there was intense pressure upon its creation from the elite of the capitalist class at that time – it was not the unions, the socialist or communist parties (yes, US had socialist and communist parties back then) or any other left-wing group that created the FED.
Man, you must be beyond stupid.
The Federal Reserve Act was originally sponsored by Carter Glass (D-VA), and Robert Owen (D-NE). One of the biggest early supporters of the Federal Reserve Act was radical leftwinger William Jennings Bryan.
Ultimately, the Federal Reserve Act passed the House, 287 to 85. 270+ "yea" votes were (D).
The act passed the Senate, 54 to 34. 48 of the "yea" votes were (D).
The Federal Reserve Act was championed by Woodrow Wilson (D), the grandfather of kinetic progressives - delivering democracy at the point of a gun. In later years he reiterated how proud he was in creating the Federal Reserve.
Look, (D)s everywhere! And yet somehow in your truth-denying mind, the Federal Reserve is not left-wing?
But I guess I won't blame the leftwing losers entirely. They got conned by the rightwing reptiles. The original basis for the Federal Reserve Act was a plan written by Nelson Aldrich (R-RI), with a little help from his bankster friends - Warburg, Morgan, Strong, et al.
Somehow, the leftwing losers got snookered into approving a banking reform bill - written by bankers!
Look! You’ve been fooled to think the “Democrats” are left-wingers. Yes, in relation to the Republicans, maybe. But USA have been designed as a society for and by the rich. The Democrats are in the pockets of the ownership-class as much as the Republicans.
The anarchists, the socialists, the communists etc. were active and actually had influence in the early part of 1900, but since the McCarthy-era there have not been a real left-wing opposition of any importance in US.
The Democrats are what we in Europe would call social liberals = someone who believes in capitalism, but thinks there must be some form of redistribution within the capitalist economy (= taxes). In Europe a social liberal party is seen as right-wing = supporting capitalism but attempting to ease the social consequences of capitalism.
https://www.youtube.com/watch?v=YUc8ukdVtMs - a recent interview with Noam Chomsky about the ‘middle-right-right-wing’ in US = no left-wing.
meme, stay in EU, you understand nothing about progressives in USA..McCarthy era? you are an idiot. (try reading the verona papers)
I know about the Verona-papers – one of the front-runner-projects for the surveillance-society you live in today. And what is the relevance in relation to what I wrote above? That the US carried out counter-espionage? Or that the US came to see all left-wing intellectuals, artists, activists etc. as the enemy per definition? That was actually my point – McCarthy was a nutcase, but he was a powerful nutcase. Try and look up his or J. E. Hoover (his, just as nutty, sidearm) take on John Lennon (a good ZH-article about this here), Charlie Chaplin, Martin Luther King or any other prominent figure with a social conscience living in US during his reign.
PS. I'll stay in Europe. Just wished the US Army and Gestapo/NSA would do the same (=stay in US).
meme, to my surprise I agree with your last sentence.".I'll stay in Europe. Just wished the US Army and Gestapo/NSA would do the same (=stay in US)." you give much too much power to Mccarthy- the franklin/truman adm's were filled with communists..much like todays DC..lois lerner comes to mind.
Well, I can see that, on your comment, the power of McCarthyism have prevailed to this day.
Exceptional americans= you have such a large penis
Recognise Flattery http://m.youtube.com/watch?v=NADEKHmwbXE
nice picture of the FED! But that`s not all! The FED is running by the Synagogoue! That`s the missing part of this picture. http://www.synagoguerising.com/
"The FED is running by the Synagogoue!"
Let's not forget to give credit to the Masonic-Illuminati-Satanic-Hollywood-Military-Pharmaceutical-Industrial Complex.
nuke them
Hey Mike. The "Fed" was created for the benefit of it's member banks. It always was and always will be parasitic. It's a drag on commerce. It exists only to enrich itself. It is a corporation. True to it's nature it follows corporate law. It exists to en-richen it's shareholders, the senior bond holders and that is it.
Same as Fedgov. Exactly the same. It is a corporation. Fedgov will never vote to cut Fedgov. That is against corporate law. Get over it.
What else was it ever going to be, Pollyanna?
The end of the Fed will certainly force conservatives to, well, conserve.
They sold us out.
WE ALLOWED them to sell us out...there fixed it for ya.
We could not protect the very rare heroes who may have been able to aid through their brilliance or ultruism and love of their country and respect for law and order..
There is not much hope when the secrity apparatus is compromised by usurpers and the heroes drop like flies ... bad PR for one thing. Locally is where power is and now, with aid of strategic moving of district lines and entire city blocks, they are sitting in city halls and making plans with Agenda 21's sustainability projects at a rather fast pace. Moreso, since local govt are broke and there is $$$ in the offer (nonbinding - devil is in the details)
http://www.ranker.com/list/list-of-famous-usurpers/reference
Profession: Usurper
First of all, Americans and others need to understand what money, hard, fiat or now digital, really is all about and what purpose it has always served, before and after Fed was even created.
Here are some answers about this whole myth of money we all believe in:
https://contrarianopinion.wordpress.com/2015/04/14/plutus-and-the-myth-o...
The FED will exist as long as we are weak and allow it to rule over us.
We talk about the FED as it is a real living thing.
IT IS THE HAND in the glove that's is strangling us, NOT the glove.
WHO OWNS THE FED?
Rothchilds, Warburgs, Rockefellers, et al. ie the .001%
Yep, the ownership-class – not the small ‘mom ‘n pap’-businesses that are still used as an argument for capitalism. No, the heritage of the fruits of capitalism – the oligarchs.
If we followed the vision of (the US version/Koch-brother sponsored version of) libertarianism and made a ‘restart of capitalism’ with no regulations and only free markets (they don’t seem to understand that markets are institutions that need to be build and maintained in order to function) we would end up in the same situation we are today. When the first brief period of meritocracy is over (a couple of generations max) the power/ownership is already unfairly concentrated in relatively few private hands – from here it’s just a matter of time before we have the same concentration of wealth and power as today.
http://beforeitsnews.com/alternative/2015/10/complete-list-of-banks-owne...
Where I first ran across the octopus pic:
https://unicornpoo.wordpress.com/2011/10/27/very-pleased-we-have-entered...
Not that this is a bad example, but I prefer this as superior in that we have real live examples of puppetmasters and just how they really think and what they think they can get away with ..
http://eagleonetowanta.com/wp-content/uploads/2015/03/PuppetGate1117141.pdf
https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp (Read Me First)
This is the third iteration of a central bank. The founders wanted one so bad they killed the Articles of Confederation that held the States and People supreme over the central government and introduced and ratified the constitution that was supreme over the States and People. Then twice in a row they tried their damnedest to institute a central bank. First one failed due to fraud,,, second one was taken out by Jackson, a statist himself but even he saw the danger of the bank.
After the uncivil war the central government and bankers pulled out all the stops. The government got testy with the states and citizens. Eliminated most of the states power by unlawfully federalizing the state militias. The bankers caused several panics which opened the door for the FED. With debt based money taxes would be required to pay interest which is why the 16th amendment was needed. The 17th amendment killed the Senatorial power the states still had, the education system was nationalized and the stage was set.
Here we are today, trillions in debt, constant wars and threat of wars for the MIC, little industrial production and millions of citizens now dependent on government.
Those same citizens who will tell you how free they are and what a great country they have while their sons and daughters are being slaughtered in wars to enrich the MIC and Bankers, both being about the same.
The founders were more successful than they ever dreamed of their strong central government they wanted us to have.
Wish they were here to enjoy it with us.
The Jellystone Park Volcano will have to suffice to end the FED.
In the U.S. the history of Treasury money, is they didn't print enough of it and caused deflation. Or they didn't move it around fast enough to have flexibility for funding the crop cycle. This narrative that Governments, at least the U.S. government is irresponsible, does not meet the historical test.
During the greenback era, greenbacks were never printed in excess of their lawful mandate. Banksters either wanted more greenbacks to backstop their credit, or they wanted to get rid of them due to call loans. Wall Street used greenbacks and during the crop cycle, treasury would want to move them, and this then caused stocks to crash. Call loans would recall greenbacks and defund stocks. It was predicatable, a stock crash based on the seasons.
With regards to the FED, let me quibble. Banker money type is "credit" which is of a type that returns to the ledger to disappear. Back in they days of the FED i.e. before 1913, there were competing money types in the money supply. Gold as money, Treasury Monies, and Private Bank Credit. National bank notes may have been circulating too, off the top of my head, so don't quote me.
Bottom line, people back then were indeed more savvy about money, that is why they didn't conflate the words money and credit. Credit disappears upon payback, in the same way as if you returned a borrowed item. The debt/credit contract disappears.
Money satisfies the contract, but then spins out again to settle another one. Money pays credit, but credit doesn't pay money. Floating money can circulate in the supply forever as a public tool The different money types are critical to understand. Credit emits from banks, and money typically emitted from Treasury. Today things are different, where everything is bank credit.
One of the fixes proposed back then was have a national reserve pool, where they could adjust reserve volumes of money to then control bank credit emissions. This might have worked, but the banksters were against it.
Dr. Hudson has a new article out , which sheds more light on this era:
http://michael-hudson.com/2015/10/how-the-u-s-treasury-avoided-chronic-d...
Great stuff MEFO ...
So if intellectually superior American's of times past were unable to stop the CB i would say your chance of change today is ZERO.
Put a bullet behind the eyes of a few of The Rothschilds boys, and maybe the Queen and the bankers. Find them all. The ones living in castles and private islands, place on Ytube. Resume living.
If you do not, you are handing over the entire future of mankind to these creepy men who find little boys sexually alluring, kill at will anyone who insults them, and has murdered our heroes. These people deserve it. and blow Misrael off the fucking map while your at it. It' s just unfuckingbelievable this has been allowed to go on as long as it has. These are people who deserve to die and they know it.
incitement to violence and murder against people according to their affiliation to groups, without asking for trials to discern their personal culpability
all this from a position of weakness and without leading from the front, just asking others to kill "them"
I seriously wonder where you see the sanity of your incitement. while you are there, are you also asking for the murder of their children? just curious. no, strike that, don't want to know
lol Ghordius,
reasoning a troll is like fishing for the monster in Loch Ness.
"don't want to know" is a sign of wisdom.
Still optimistic about the Euro and our current EU show?
Boofuckingwhoo...Dead heroes numbering in the thousands can be found down the path these cowardice theives have chosen...they and their club of stuffy boring dickless men did it to JFK. 400 people up against a wall but turned the other way, filmed for the world to see, perhaps on Pay Per View is the answer. Not sending Christian soldiers into the line of fire to "fight terrorism."
The very nature of money has been hidden.
All banks create money out of nothing, private and Central Banks.
This appeared quietly on the BoE web-site last year.
Expand your knowledge beyond the ignorance of whoever wrote this article:
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneyintro.pdf
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf
Our ancient ancestors and current overlords are cut from the same cloth. The only difference... There were fewer to control.
Pyramids were the religion of yesterday.
The msm is the religion of today.
People think by right of birth they are special snowflakes.
All snowflakes melt to water.
''Became''? It was planned this way from the very beginning.
Now you're talkin'....
James Bond: Spectre
http://humansarefree.com/2011/09/history-of-house-of-rothschild-complete...
information/dis-information in twine. Hitler was really a rothchild jew. Thanks
When will the People,
When will the Government say, enough is enough ?
As long as nobody in the USA does anything, it will continue indefinately.
Even after the next crash.
There are two reasons why there will NEVER be a return to gold as currency or a gold-backed monetary system - it is impossible in this era.
The primary principle & motivation behind promoting a gold-based monetary system is that gold cannot be created and therefore would serve as throttle, control and limit on spending and especially the issuance of debt. The only way that a gold-backed monetary system can accomplish the goal of acting as a throttle & limit on spending and debt is if ALL the principal economies implement and adhere to the gold-backed monetary system so that the flows of gold out of excess spenders acts as a throttling mechanism on the excess spenders.
The reasons why it cannot be and never will be implemented are:
1. NO regime wants to limit spending and NO regime can survive by limiting spending - any regime that tried that would quickly collapse in depression and civil war because excess spending by the regimes is the ONLY way to control the massively over-populated hordes of proletariat, who do not produce enough and earn enough to sustain themselves in the lifestyles that they demand. Excess spending is REQUIRED to keep these excess populations of over-bred humans preoccupied with subsistence instead of storming the homes of the successful and the offices of the regime leaders.
2. Humans as a species are so fundamentally flawed that they cannot implement and adhere to ANY system of SELF control and SELF limitation. Gold has been used as a currency and backing for other forms of currency many, many, many times before for millennia, and it ALWAYS FAILED because inevitably there are always enough people in positions of power who want to subvert it and circumvent it in order to spend more than the regime has. There will ALWAYS be a critical mass of humans who want more than what they have earned, especially the proletariat, and there will ALWAYS be a critical mass of regime leaders who want to exploit excess spending to keep and gain political power.
Gold is NOT the solution to excess spending and excess debt - the only solution is the self-control and discipline of not spending and not borrowing to excess - this is a choice exercised by free-will that cannot be controlled by an inert substance.
However, Nature is a stronger force and if shoved out the door comes back through the window
A good start would be to change the name of the Fed - since it is not a Fed agency -
From "The Federal Reserve" to something INFINITELY more representative: The We Own Your Fucking Ass You Fucking Peasant Fucks.
The biggest FU to the CITIZENS (as apposed to "consumers) of what was this country was allowing AMEX, GS and all the rest to become "BANKS" and thus allowed to feed from the Fed trough. Until the banksters are taken out and "done away with" this country does not stand a chance. I do not think that the coming revolution will look like the American Revolution it will be like the French and those at the top will have a dumbfounded look as they are disposed of.
Each person has the power to be their own independent and Constitutional Central Bank by getting rid of their debts(anything paper) AND AT THE SAME TIME increasing YOUR longer term Non DEBT assets(gold and silver) with said paper. This is in the individual level the same strategic and long term thing the Brazilians,Russian's,Indians,Chinese and Souh Africans(BRICS Banks) are doing on the nation state level. This is the FEDs'/GOVT's' worst nightmare, a mass awakening and realization that hey the paper they never stopped debasing was in fact NEVER the money itself and that they took the REAL money away from all of us when we went off the last Gold Standard. No wonder they are deadset against a return of the Classical Gold Standard. They got the media saying don't ever get gold and keep trusting out almighty paper dollar. Bait and switch of epic biblical proportions.