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Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed
Back in September we noted a peculiar RFP by the Fed which sought to become a secret 'big brother' to the social media world, and to "monitor billions of conversations and generate text analytics based on predefined criteria." The Fed's desired product should be able to "determine the sentiment of a speaker or writer with respect to some topic or document"... "The solution must be able to gather data from the primary social media platforms – Facebook, Twitter, Blogs, Forums and YouTube. It should also be able to aggregate data from various media outlets such as: CNN, WSJ, Factiva etc." Most importantly, the "Listening Platform" should be able to "Handle crisis situations, Continuously monitor conversations, and Identify and reach out to key bloggers and influencers." While it is unclear just how successful the Fed has been in eavesdropping on various critical blogs, and divining "sentiment", it now appears that the propaganda masters at the Office of Central Planning have decided to go for young American minds while they are still pliable. It appears that as part of its reenactment of Goebbels "economic education" curriculum, the Fed will now directly appeal to K 8-12 student, in which it will elucidate on the premise of "Constitutionality of a Central Bank." You know - just in case said young (and soon to be very unemployed) minds get ideas that heaven forbid, the master bank running the US is not exactly constitutional - you know, that whole thing between Andrew Jackson and the Second Bank of the United States...
And in case one is wondering what dogmatic propaganda their childredn will be filled with, here is tje course outline.
Lesson Description
The Constitution of the United States outlines the basic principles of the U.S. government. This lesson focuses on the express and implied powers of Congress and the power of the Supreme Court to decide whether a law is unconstitutional. In this lesson, students learn about McCulloch v. Maryland, a case decided in 1819 over (1) whether the state of Maryland had the right to tax the Second Bank of the United States and (2) whether Congress had violated the Constitution in establishing the Bank. Students also review the expressed powers of Congress identified in the Constitution and analyze how Congress implements the necessary and proper (elastic) clause to enact its expressed powers. Finally, students use their knowledge of McCulloch v. Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System.
Concepts
Expressed powers
Federal Reserve Act
Fiat money
Implied powers
Necessary and proper (elastic) clause
Precedent
Value of money [ZH: lol]
Objectives
Students will:
- define expressed powers, implied powers, precedent, fiat money, the Federal Reserve Act, the necessary and proper (elastic) clause, and the value of money;
- cite examples of the expressed powers granted to Congress in Article 1, Section 8 of the Constitution;
- explain the meaning of the necessary and proper (elastic) clause;
- explain the significance of the McCulloch vs. Maryland Supreme Court case; and
- give examples of the implied powers necessary to implement various expressed powers.
Yet the oddest thing about the lesson plan is visual #4. It speaks for itself:
Well thanks for the warning...
Full lesson:
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The face of child abuse.
FUCK THE FED.
The Fed reacts with a disinformation plan too late.
Ron Paul has already won this battle with the truth being delivered to youth - and the central planners are extremely nervous.
Key bloggers and influencers....TYLERZ ON THA PAYROLL BITCHEZ lol
We are all human livestock on the farms of capitalists.
Brilliant f-ing tragi-com documentary:
The Handbook of Human Ownership - A Manual for New Tax FarmersThe Fed shoulda thunk of this a long while ago.
They lost the intellectual battle for the minds of the future when Paul and Rothbard hit the college circuit 20 years ago. I have no idea what it would take to send the "defend the Fed" script viral the way "end the Fed" has gone viral. Seems impossible.
Wonder how long the Fed will spend teaching about Justice Mahoney and Jerome Daly in the case of First National Bank of Montgomery vs Jerome Daly where fractional reserve banking was challenged.
http://realneo.us/content/money-debt-debt-money-intertest-economic-slavery-jerome-daly-man-who-humbled-federal-reserv-0
http://www.foreclosurefish.com/blog/index.php?id=439
Maybe we'll learn something about Justice Mahoney's fishing accident.
I honestly don't know what the fuss is about. The Federal Reserve has been deemed constitutional by the Supreme Court as well as many politicians such as Timothy Geithner (Current Treasury Secretary), Nancy Pelosi (Former Speaker of the house), Mitt Romney (GOP Presidential Candidate) and many finance professionals such as Hank Paulson (Former Treasury Secretary), Dr Ben Bernanke (Current Fed Chairman) and Professor Alan Blinder (Princeton Economics Professor).
Anyway, for the younger readers out there, pay attention to your teachers and make sure you add the Federal Reserve as a friend on Facebook!
http://www.facebook.com/pages/Federal-Reserve/108259845871982
Ooops! You crossed the line to pure humor there! +1
Billionaire Kyle Bass Says Gold Is Going a Lot Higher (and why he told the University of Texas to take delivery of a billion dollars worth of gold)
http://www.economicpolicyjournal.com/2012/03/billionaire-kyle-bass-says-gold-is.html
Oh I saw this same idea back in the '30's- they called it The Hitler Youth, pretty much the same premise.......
Ve haf vays of making you think.....lieben Kinder
Fex Education Class Circa 2013.......................
"Class, today we're going to talk about anal sex."
"Miss Humpton, didn't we cover this subject last week?"
"Yes we did, Cindy. But today we're going to focus on proclivities of the Fed upon the American Public."
"Oh, that kind of anal sex."
Can't see anything in the course outline regarding regulatory capture, bribing and threatening judges.
Perhaps in the next course?
What kind of clowns need express answers to ll the questions asked? Oh yea, public school teachers.
"The power to tax is the power to destroy..." so that means that Congress has the power to destroy each of us? Oh shit...we're totally fucked. (Of course we all knew this already, right Bawney Fwank?)
In the name of being "fair and balanced" (ha, ha), perhaps "The Creature From Jekyll Island" will be part of the curriculum? Or at least the G. Edward Griffin's lecture on the FED from youtube will be downloaded to their Ipads.
http://www.billiondollarbailout.com/The-Creature-from-Jekyll-Island-by-E...
http://www.youtube.com/watch?v=lu_VqX6J93k
BTW, Yung Ralph has been hired as the official ghetto rapper for the FED's new campaign:
http://www.youtube.com/watch?v=NDV9IeD_oIM
The
entire
United
States
Government
is
a
pyramid
scheme
ponzi
scam
and
the
first
dominoe
is
falling
as we speak
Yet the oddest thing about the lesson plan is visual #4. It speaks for itself:
"Zim Dollars"
Well thanks for the warning...
It's not a warning, it's a target...
The most CONCRETE evidence yet that we have them on the run! LAWFUL MONEY BITCHEZ!
I'm wondering how they can justify this crap as 'educational'? It's obviously rank propaganda, and not even 'State propaganda'. I read through the list and I seriously doubt the kiddies will be paying attention. Hogwash is hogwash and the ones that are actually interested in this will work it out pretty quick. The ones that don't would turn out a lost cause anyway.
A few 'modules' on TBTB hystery, and the fact that they own the Fed outright, and therefore own all FRN notes, and also the Magic-Mouse-Tweaker (MMT), and use FRNs to buy politicians to get the laws and injustices they want.
But they will of course try to shove that shit down their throat for 15 years or so. It won't be one quick lesson, they'll keep coming back to it in a thousand different ways, and reinforcing it through pop-kulture and Goldman Sachs Youth kamps.
It's still going to FAIL though.
What qualification do you get if you pass this course?
Fed Chairman?
Fedbuster wrote:
Better yet...
Secrets of the Federal Reserve by Eustace Mullins
http://www.whale.to/b/mullins5.html
Also recommended:
The Babylonian Woe by David Astle
A Study of the Origin of Certain Banking Practices, and of their effect on the events of Ancient History, written in the light of the Present Day.
http://www.jrbooksonline.com/PDF_Books/the_babylonian_woe.pdf
Babylon's Banksters by Joseph P. Farrell
http://www.whale.to/c/babylon8.html
On G. Edward Griffin:
"Who Is Ed Griffin?"
http://realcurrencies.wordpress.com/2012/01/18/who-is-ed-griffin/
edit: the condensed version of the above reading I linked is that the same entities that control US Monetary policy through the 'Fed' would also control a monetary system based on the gold standard.
also interesting...
continued here: http://home.hiwaay.net/~becraft/mcfadden.html
The Sith have come for the younglings.
The fact that these steps are being taken reveals their fear and desperation. You can practically see the gills in their necks gasping for oxygen. These sick, parasitic thieves are going to have to keep looking over their shoulders for the rest of their lives. Every person they see could be the one that snuffs them out. Every meal they eat could be their last.
"Do you see what happens, Larry?! This is what happens when you fuck millions of strangers in the ass!"
Federal Reserve Bank "Listening Platform" bait:
Maiden Lane assassinate Mariner Eccles detonator FRBNY anthrax Jekyll Island C4 Ben Bernanke nitroglycerine JPM Chase ricin Goldman Sachs sniper Brian Sack ebola Jamie Dimon IED Lloyd Blankfein firebomb
Everybody was afraid to green or red arrow you so I did. Thanks for the post. I often throw those words and others into long distance telephone conversations randomly, for fun, since 9/11. Got to give the listeners something to hear. Full employment program for NSA.
"The Fed's desired product should be able to "determine the sentiment of a speaker or writer with respect to some topic or document"... "The solution must be able to gather data from the primary social media platforms – Facebook, Twitter, Blogs, Forums and YouTube. It should also be able to aggregate data from various media outlets such as: CNN, WSJ, Factiva etc"
!!!elohssa uoy kcuF...ynneB atad siht daeR.
The feds are kicking into high gear the re-taking of minds using social networks and every other platform they can get their hands on to try to reverse the decades of social engineering and brainwashing undone by Ron Paul, Alex Jones, etc and the internet. Too bad it's wasted taxpayer money on something that won't work.
We've all seen this production before over the ages and it always ends the same...with the breaking down of the bunker door to get at them.
You would think they would learn and the victims would learn through time. One is not free if they are dependent on anyone or anything.
Now for my rant...
So to the sheep I say, go stand in line for the scraps your masters throw over their shoulder for you. Recognize your place as a scrap yourself, a piece of meat, just a nod away from yet more scraps. Recognize how easily you are diverted away from the freedom you so crave but are never allowed to hold.
Why is this so?
Because you are afraid of liberty dear sheeple.
You want to be held, if only for a moment until they tire of you but you will understand. You want to feel important, if just for that day. You want life without pain which is impossible. You want all the accumulated knowlege of mankind given to you for just being obedient, servile. You want a warm bed to be provided for you. You want to feel protected and loved.
They will grant you some of this.
But you will never be free because of it and you know it in your heart.
You are afraid of the things that can accompany freedom. You can be cold yet free. You can also be hungry and free. You can have no friends and remain free. You can remain free until you are caught and brought back.
This is what you want really, a warm bed, a hot meal of leftovers granted to you by your jailers.
Bravo!! nmewn.
Check out the sniper rifle on the shelf behind Pisani. Looks too "delicate" to be a Barrett; maybe a .308 Rem 700?
MDB, liitle too much name dropping, but the facebook line was a clean ending that made up for it...funny shit.
are we up or down on this one...its hysterical...it flowed....its a perfect 10....the iron shiek used to make me laugh...so i gave him an up chuck...
Well done MDB - best yet. 'Add the Federal Reserve as a friend on Facebook'. I love it.
I got a problem here; how do you add an 'enemy' on Facebook? Or for that matter, how do you 'hate' someone? Seems there may be some deficiencies in the GUI...
This made me sad.
Will being the feds friend on facebook keep me from being put in a FEMA camp?
Maybe if you take that bag off your hed. They want to facial recocknize your ugly ass mug.
Fuck you MDB.
I see you and your paid govt/banker trolls are out in full mode tonight...
Lol,......too fucking funny.
Ps ...fuck off and die.
You're a joke. Stop drinking Drano. On the other hand, chug it non stop.
Homeschooling, y'all.
no idea what it would take to send the "defend the Fed" script viral the way "end the Fed" has...
But try they must, and evidently since they're placing cyphers in US teacher union retirement accounts, they may as well enlist them in the effort.
If the Fed is serious about teaching kids about the central bank, they should visit schools on the day the Fed was voted into existance....December 22 and 23.
What's that you say, kids & teachers won't be there because its just before Christmas..???
Ah, imagine that..........
Christmas holiday reading assignment: The Creature from Jekyll Island.
How odd, it seems that in their course outline they skipped the important role the FED played in DIRECTLY funding the very war machines that were killing American troops in Nam and Korea. I guess they will save that for more advanced classes. PS Ben, please do us a favor and teach us how to fall on your sword. Sincere thanks, Boattrash
I'd appreciate some matriculation on the ESF...
.
the concept of home schooling never looked more appealing.
Terrorist Activity. </deadpan>
With no schooling as a clear second choice.
(Knock, knock.) "Hi. We're from Child Protective Services and we are here to investigate a matter of child neglect."
"No dear, Mommy and Daddy won't be coming with us."
How could anyone not see that a state run school will be used for state propaganda. Just like state funded universities are also propaganda mills. Then you've got the MSM for everynight indroctination, just for good measure and consistancy.The party line will be taught to insure everyone knows the 'truth.' What a sick society this is. Where everything is turned upside-down, right is wrong wrong is right. These are times that test men's souls. We are at the edge of servitude, with freedom being in a death hold. Yet it seems that most can't grasp the dire straits we're in, perhaps the propaganda mills have done their work most effectively. Next stop, but hoping and praying it not be so, is servitude.
The whole situation is just baffling. All these resources and effort completely going to waste and those so called "bright kids" that all are wanna be central planners and the PhD baffoons running the show.
1) "There was a speculative attack on the pound because of the gold standard." Well.. because.. they did not have enough gold... Tadaaa?!! How about they should have gone out and try to earn something then, no, that would take honest work, jeez, no way.
2) "Gold standard was subject to gold strikes, and not enough gold. Prices were falling for farmers, agricultural-related, fixed payments." Ah, so deflation is bad because prices fall. Let me see, when I go shopping, do I prefer higher or lower prices, yes, higher. So all of this deflation must have been terrible news for everyday consumers then and farmers who were also net savers, those fools.
3) "(with the regional central banks) all parts of the country would have a voice, all aspects of the economy, would be heard. Makes monetary policy, takes into account the views of, the federal reserve banks around the country. National approach to making policy." Dumdumdum....national approach? Yes...one small tyrant ruler in every local village to strike down the peasants and a big fat dictatorial board to keep the smaller tyrants in place. Now where can I vote for the next tyrant?
4) "The liquidationist theory says that you should liquidate everything, and obviously that's bad". Yeeeeeah...if you have taken out a huge loan you can't afford, for the sake of the eternal God's, don't you ever try to liquidate it, take another one, that will keep you employed paying it back.
Kids repeat after me. The constitution was written by the heroic forefathers of our nation -- Greenpan, Benanke and Geithner. These men saved us from the tyranny of George Washington and Thomas Jefferson.
I would say 95% still have no clue that they are owned.
my guess is 99%
That 4% variance between your two numbers is likely the number of people near the top who believe they ARE the owners.
The American Dream by The Provocateur Network
http://www.youtube.com/watch?v=ZPWH5TlbloU
19:55: "This time the key to success is secrecy. The people must believe that they run the bank." "Yes, brilliant! A sneak attach. What's the plan?" "We first create panic, then we show them the solution. With our man in office and well-planned timing we will have our central bank. And so the people think it is theirs. We shall christen it Federal! The Federal Reserve!"
They are nervous. But you know this isnt so bad. We can count on our well informed public to see right through this. Right?
The NDAA authorized funds for Drones to be deployed here in the US and Eric Holder argued why it is constitutional to assassinate American citizens right here in the good old USA.... You don't suppose that 'UP WITH THE FED' course will be mandatory do you?
This country is thoroughly corrupted. The only problem is 97% of the population does not realize it. They are to busy trying to keep their heads above water or they are thoroughly distracted by a manufactured divide or lame entertainment.
MF Global Trustee Asks Court to Pay Executive Bonuses: The U.S. Of Absurdity
Including: MF Global Trustee Giddens Asks Customers To Release Legal Claims In Return For Their Money
Continue
Leon Panetta, Barack Obama Are Not Beholden To The Law.
- They believe it is their divine privilege to act above the law, inviting a time when the error of their ways brings tragedy to us and themselves.
Continue
Sans the rail cars and cyanide; with "our real leaders", the money power elite, confiscating citizens assets via the MF Global grift, done with the backing of the courts and regulators, tell me, how is this different from the Nazis?
The Silent Coup, Para Militarization And The New Reich
Sound Investment advice:
WAR PIGS: Carlyle Group's Lopsided IPO That No One Cares About * Warren Buffett: The Paradigm Puppet - Who Is Worse; The Criminals Or The Men Who Enable The Criminals?The NDAA authorized funds for Drones to be deployed here in the US and Eric Holder argued why it is constitutional to assassinate American citizens right here in the good old USA....
This is a sword that cuts both ways. It also authorizes American civilians to assassinate high government employees and their operatives for high treason.
How hard could it be to hack into a drone and rewrite its code?
Pretty sure Iran knows how!
Indeed. Its been almost 5 years now since Ron Paul began campaigning for president. The seeds have grown and even more have been planted. I, for one, planted my own head back in the soil so that it could regrow into something worthwhile.
I hope to hell you're right.
Could the Zimbabwean note be construed as plausible deniability for the eventual outcome?
sorry... perfect opportunity to plug it...
RON PAUL PUNK ROCK ANTHEM!- http://www.youtube.com/watch?v=eWC_0jPFQ_Q
The message WILL PREVAIL!
I have an implied power I would like to express...
Heh ... pull my finger.
monetize the education tab. it is 20-50% of the bill depending on each state. if the zombie banks can't handle that, so be it. either way, the Fed and public education will eventually self-destruct.
For a country where something like only 40% of graduate students know that WWI occurred somewhere between 1900 and 1950 I guess knowing about McCulloch v. Maryland is pretty important stuff.
40%? Graduate students? Please tell us you're kidding.
How many understand the difference between a Democracy and a Republic? And if so, do they understand the King is dead?
"The very fact that supposedly intelligent people don’t understand the difference between a democracy and a republic is a strong indication of the dire condition of our republic. It is in its death knell!" - John Vettel
Learn the basis of Our Republic in 10 minutes.See: Merry Christmas! "A Republic: If You Can Keep It" - Benjamin Franklin
Democracy: The Myth As A MEMELawrence Lessig: Republic, Lost - Americans: It Is Ours To Take Back!
high school grad.. GED.. equivilancy.
Please refrain from equating GED with ignorance or low intelligence. I took the GED route to get away from the BS they try to train you with in High School. I only ran into more further BS the first two years of my under-grad experience, and it took three years for me to even get past the Fascist indoctrination program of state ran education to hit my core degree courses. My GPA was a 3.9+ the entire time. It would have been a 4.0+ if it were not for the Humanities BS.
I'm working on my Master's in Material Sciences. The core of it almost all Chemistry and Math, but for some reason it was important that I understood how immoral "Individuals" were for owning others and that only the government can save us from ourselves. Not to mention I should feel guilty because I'm Caucasion in appearance. Nevermind that my family never owned slaves, and found it to be immoral as they came from descendants of Hessian conscripts.
I'll hire any GED holder if they can prove they can use that mass of matter in their heads. BTW my current GPA is a 4.12.
This story Sounds so much like Jew propaganda.
Regardless of what you though of WWII or events such as the holocaust. The focus is soley on hilter. So much so that hitler is literally a daily topic. So much so that the holocaust is soley about Jews no other groups.
No other historical event as a law to protect its details, such as in Europe.
Why do they feel they need to pass a law to prosecute holocaust deniers, anyway? Could it be they are trying to hide something? Hmmm....
I am sick, SICK of the Hitler comparisons in this dumbed down, shit excuse for (lack of) kulture! SICK of it! All it does is make you look like a total moron who doesn't know a single thing about the world before 1933!
They're just trying to waste your energy, friend.
And it was no accident that the Walsh Commission had also been established at that period:
http://www.philanthrocapitalism.net/tag/walsh-commission/
Nearly a century ago, in the progressive era of ‘trust-busting’, the 1912 Walsh Commission recommended limits on the size of foundations for fear that they would “manipulate the economy and …influence public opinion.”
http://en.wikipedia.org/wiki/Commission_on_Industrial_Relations
In 1910 two leaders of the Structural Ironworkers Union, the McNamara Brothers dynamited the Los Angeles Times building, killing twenty people. There was public outcry as a result and so President William Howard Taft proposed and Congress approved the creation of a nine-person investigative committee called the Commission on Industrial Relations.
.....
Journalist Walter Lippman stated there was "an atmosphere of no quarter" when Walsh subpoenaed then questioned John D. Rockefeller, Jr. about the Ludlow massacre. For three days Walsh publicly chastised Rockefeller.
....
Historian Montgomery stated that the commission found:
"repression by police, judicial, and military agencies, which envisaged themselves as the defenders of society's "good people." And in each case but Philadelphia, where the public as a whole was irate over the general conduct of the transit company, the "good people" in turn indorsed the repression. Small wonder that in all these strikes, and above all in the sanguinary three-year conflict on the Illinois Central Railroad, workers simply took the law into their own hands."
And what else passed that fateful year, and legislative session of 1913 along with the Federal Reserve Act?
The federal income tax legislation, to pay the interest to the banksters for those loans they would then make to the government (people), thanks to the Federal Reserve Act.
And also passed in 1913: the oil depletion allowance, as the banksters owned the oil companies (95% oil commerce owned by John D. Rockefeller).
And the fourth item which was passed: the financial restructuring of foundations, allowing them tax exempt status and the ability to hide wealth, and ownership of other trusts, companies and financial instruments (stocks, bonds, etc.).
The perfect financial fraud storm of 1913!
(Speaking of that bombing of the LA Times, if someone can supply the Semtex and blasting caps, I know where Fox, CNN and NPR are located?)
"And what else passed that fateful year, and legislative session of 1913 along with the Federal Reserve Act?"
I didn't know about the oil depletion allowance, thanks for that.
However there was another major item that you failed to mention- the 17th Amendment to the Constitution which removed control by the states over federal govt expenditures and in effect transformed our representatine Republic into a Democracy (mob rule).
Good post otherwise!
I didn't know about the depletion allowance either. Hardly surprising, though.
http://www.spartacus.schoolnet.co.uk/JFKoildepletion.htm
BTW, if you ever want to be seen as a total loon, just ask somebody their opinion about the 17th Amendment. After you explain to them which one it is, you wont find a person who doesn't equate it with the "political freedom" of "one person, one vote." To them, the idea of a state selecting its senators is akin to the USSR and the politburo.
To try to explain it as a check on power goes nowhere, as they see both entities as one and the same. This is true even when I point out that it was this amendment that made it so.
So, I quit trying. Now I just drink more.
Thanks for that JFK/oil depletion allowance link, I knew JFK had gone after that, as well as standing up to both GE and US Steel, and working on both national workers' rights and internationally, with their Alliance For Progess in Latin America.
Personally, I think the crux of the assassinations which have taken place (JFK's, Rev. King, Malcolm X probably, and definitely Bobby Kennedy and Sen. Paul Wellstone and his family) all had the same thing in common: each individual was working on radically improving workers' rights, and that is where the most ill-gotten profit derives from, by subtracting money from the workers and transferring it to that upper one-tenth of one percent!
While I thank you for mentioning the 17th Amendment, and believe it to be important, from the financial power sense, I still believe that the Fed Reserve Act, the affiliated fed income tax, their oil depletion allowance and truly of profound importance, the financial structuring and restructuring of the foundation.
Without that last item, the super-rich couldn't have so successfully hidden their wealth, ownership, etc.
Every year Forbes prints its list of the richest, derived from public sources --- but it's those private sources one must contend with to ascertain who the truly richest are!
As all four of these were passed in close time proximity to each other I would suggest that they are a "package deal".
I have known for some time that there were questions surrounding the proper ratification of the 16th and 17th amendments. You may wish to visit: http://www.devvy.com/new_site/17th_amendment_docs_march_2010.html
She is an excellent researcher and her website is tops!
FUCK THE FED UP THE ASS WITH NO LUBE!
NOTHING WILL CHANGE UNTIL BANKERS BLOOD FLOWS IN THE STREETS... U CAN NOT REASON WITH SOCIOPATHS... for fuck's sake people.........
This might actaully be good. McCulloch v. Maryland would not stand up in current courts. also the first head of the second US bank also brought it to the brink of ruin during that first year. massive fraud. I worry that any real non sheaple who researches the second bank of the US and the characters surrounding the events will find a very real lesson about how currupt our goverment is. This might turn out to be a good thing...
I have a rough draft that I scrapped for a US histrory class. here a bit about the second bank. also hammond refers to Hammond, Banks and Politics in America from the Revolution to the Civil War, 254. a very very very good read about second bank and andrew jackson in there. Also english is not my specialty.
Hammond’s book tells us that the Second Bank of the United States was supposed to be set up with a mix of specie and government securities. Specie is coin minted in silver or gold, and government securities at this time meant a guarantee to pay by the government. The mix was set at seven million specie and twenty-one million government securities. Therefore, for every dollar of silver, there would be three dollars of government-backed paper. In reality, there was “$2,000,000 in specie from them, $14,000,000 in government securities, and $12,000,000 in personal notes.”[1] In an effort to get more specie the bank “sent John Sergeant, a prominent Philadelphia attorney, to Europe to negotiate for as much as $5,000,000 .”[2] However, by broadcasting their intention to buy they created a tough market for themselves. Sergeant finally negotiated with “Barings Brothers,” – the same company that helped financed the Louisiana Purchase –, “and Reid Irving, and Company for $3,195,000.”[3] Once one bank in Europe had its blessing, other soon banks piled on. After two years of work for John Sergeant, the Bank had “Imported $7,300,000”, so the bank was solvent in its one-quarter specie requirement. However, let us think about the time it took. Hammond points out that given enough time and enough transactions, any amount can be reached. I will elaborate. Let’s say I put in a hundred silver coins, the bank claims an import of a hundred silver coins. I then pull out my hundred silver coins a week later only to have whoever I bought something from deposit my hundred coins. Now the bank only has a hundred silver coins. However, total imports (not net imports) are two hundred silver coins. Repeat at infinity, and any amount can be reached.[4] Now moving specie is heavy and costly, so there is an even greater stress to make certain if you are going to put specie on a boat and move it across the sea that it going to stay in that country for awhile. This new stressor creates an even worse situation for the Bank.* The Bank is operating, so there are notes (I.O.U’s for silver on deposit) from the Bank circulating in London and Amsterdam, this same multiplier effect discussed above is occurring and the specie is not even in America. One might think that there is no way the bank would claim to have so much silver and gold specie, if they did not actually have it. Next, will see how little they had.
Hammond Shows that newly appointed “Langdon Cheves of South Carolina” first job as the second head of the Second Bank of the United States in October of 1819 is “the Treasury call for $2,000,000 in Specie to pay off obligations incurred by the purchase of the Louisiana Territory.” Now the bank only had “$2,360,000 in Specie”, and “demand liabilities” of “$22,370,000”. This means that for every dollar in specie the bank had, it had loaned out ten. Had Langdon Cheves not “settled for drafts on London”, the bank would of died right there before Andrew Jackson was even president. [5] But the amount called for, $2,000,000 raises it own set of questions.
$2,000,000 a year for 15 years would be $30,000,000 for the Louisiana Purchase. This amount is double the $15,000,000 I was expecting. Therefore, I know this needs to be researched further. The National Archives and Records Administration(NARA) has a short piece expanding on the Louisiana purchase titles Jefferson Buys Louisiana Territory, and the Nation Moves Westward, written by Wayne De Cesar and Susan Page. Here we find the bond to be at 6 percent and for 15 years. * The Bond is also not for the full fifteen million, there are two “conventions” in the Treaty. The first being that $11,250,000 paid to France In the form of a bond and the second that $3,750,000 in debts owed to U.S Citizens by the French be paid at 6 percent interest. [6] so my thirty million number is now more than double what we own France.
Now we have an interest amount and total. Six percent of $11,250,000 is $675,000 a year. Still not close to two million payment in 1819 by the Bank. I created an amortization of bond table in excel and have attached to the end of this paper. As is common, I make the assumption that rather then send over the $11,250,000 at the end of fifteen years, something America did not do, it is amortized to equal payments over the time of the bond. I cannot see the two million dollar amount still. 1819 last payment should have been for $1,158,331. Perhaps the bond was partially amortized for some of the years. Meaning that some years only interest was paid with other years having greater part then equal amounts of principle being paid. Unfortunately, I still have not found a document showing the exact sequence of payments for the Louisiana Purchase. However, 6 percent over fifteen years is a little more than $6,124,966 interest and bring the cost for that commitment to $17,375,000. Now the next question is, how much did Napoleon get?
[1] ADDIN ZOTERO_ITEM {"citationID":"1acvn80rvl","citationItems":[{"locator":"254","label":"page","uri":["http://zotero.org/users/91263/items/9BPIJR46"]}]} Hammond, Banks and Politics in America from the Revolution to the Civil War, 254.
[2] ADDIN ZOTERO_ITEM {"citationID":"17e6l5froa","citationItems":[{"locator":"255","label":"page","uri":["http://zotero.org/users/91263/items/9BPIJR46"]}]} Ibid., 255.
[3] ADDIN ZOTERO_ITEM {"citationID":"l7qjv8a8j","citationItems":[{"locator":"255","label":"page","uri":["http://zotero.org/users/91263/items/9BPIJR46"]}]} Ibid.
*”Bank” by itself is referring to the Second bank of the United States Throughout this paper.
[4] ADDIN ZOTERO_ITEM {"citationID":"1jqavvko7d","citationItems":[{"locator":"255","label":"page","uri":["http://zotero.org/users/91263/items/9BPIJR46"]}]} Ibid.
[5] ADDIN ZOTERO_ITEM {"citationID":"2ncclb9f90","citationItems":[{"locator":"258","label":"page","uri":["http://zotero.org/users/91263/items/9BPIJR46"]}]} Ibid., 258.
*Several other websites list this information but this was the first one I found that was a .gov or had primary documents, so I choose to you use it. also other websites placed the bond at 20 years. It was 15 years.
[6] ADDIN ZOTERO_ITEM {"citationID":"qvqvuj5sv","citationItems":[{"locator":"3","label":"section","suffix":"(Last Access May 5)","uri":["http://zotero.org/users/91263/items/DBA8A2F9"]}]} Wayne De Cesar and Susan Page, “Jefferson Buys Louisiana Territory, and the Nation Moves Westward,” Jefferson Buys Louisiana Territory, and the Nation Moves Westward, n.d., sec. 3, http://www.archives.gov/publications/prologue/2003/spring/louisiana-purc...(Last Access May 5).
,:
from what i understand from teachers i know, kids can barely read when they enter college, so it is improbable that the kids who take this course will understand it anyway
losing the battle to educate kids will turn out to be a success of sorts in this instance
Yeah, well, you gotta get to them while they're young.
Murray Rothbard's The Mystery of Banking will surely be the preferred text.
And it's free online at the Mises Institute in pdf:
http://mises.org/books/mysteryofbanking.pdf
or, you can buy it on Amazon:
http://www.amazon.com/Mystery-Banking-Murray-N-Rothbard/dp/0943940044
What a crock of shit the FED is spreading. I've posted this 3-4- times. Those regulars, please excuse.
Mr. T., I addressed this issue a couple of times "The Trials and Tribulations of the Federal Reserve Act of 1913" on 6-15-10 and a couple of times later. In fine, let me answer you in brief.
My argument lies in Article 1, Section 8 (5)-Powers of Congress. The Congress SHALL have power: to coin money, REGULATE THE VALUE THEREOF,--". That power was apparently DELEGATED to the Federal Reserve Bank. That DELEGATION of authority to the Federal Reserve is my question. Did Congress have the authority to delegate that authority to "regulate the value thereof"?
Panama Refining Co. v Ryan 293 U.S. 388 1935
"The Constitution provides 'that all legislative powers herein GRANTED SHALL be vested in the Congress of the United States, which shall consist Senate and House of Representatives.'--The Congress MANIFESTLY IS NOT PERMITTED to abdicate or to TRANSFER TO OTHERS the essential legislative functions with which it is vested.---Cannot be allowed to obscure the limitations of the authority to delegate, if our constitutional system is to be maintained."
Field v Clark 143 U.S. 649 1892
--"The legislative power must REMAIN in the organ where it is lodged by that instrument."
Sovereignty is granted to "We the People" in the first 3 words of the Preamble. As such, under the Constitution, we the people delegate our Sovereign authority to persons to REPRESENT us in day to day dealings. But it is the reserve of the Soverigns to delegate authority not our reperesentatives. John Locke came to the same conclusion.
I would contend that the Federal Reserve Act of 1913 is illegal under the Constitution. Further, if we consider Marbury v Madison of 1803, a decision has stood for over 200 years, the case can be stated in far starker terms:
Marbury v Madison 17 Wall 205 Cranch 2 1803
"Thus the particular phraseology of the Constitution of the United States confirms and strengthens the principal, supposedly to be essential to all written constitutions, that a law repugnant to the constitution is VOID; and the courts AS WELL AS ALL OTHER DEPARTMENTS ARE BOUND BY THAT INSTRUMENT."
Not only did Congress not have the authority to submit such a document as the Federal Reserve Act of 1913; likewise President Wilson had no authority to sign it. See the last sentence of the above.
Yes, I know, the Constitution has been turned into a roll of toilet paper to the 1%ers but that is still the document I still march to as do most others . If that not be the case then we would be far better served now to be comparing an AR-15 to an AK-47.
If those unhappy with the way things are want a change, we must state our concerns and grievances in a fashion that those who are totally uninformed can have a place, a handle so that a nightmare of a 2nd revolution can be avoided.
There was a ton of groundwork done before Jefferson wrote his magnificent document of 1776. Milestones
Your name:Milestones
Comment: *
As a teacher, I can say with some amount of authority that the lesson is useless and the kids won't get anything out of it.
Looking back I found it astonishing that we could complete primary education in this country and never once did the subject of 'what is money?' ever come up.
Now we're gonna side-step that straight to why our money system should be privately held?
We are so fucked.
Data Collection Services, Teachers Inc, USA.gov
Dear Ms. XenoFrog,
As the Department of Education continues to add new efficiency standards and further streamline information gathering, please complete the survey. Choose the answer that best satisfies YOUR viewpoint regarding the public education system in America.
a. The administration is doing enough when it comes to public education.
b. The administration should do MORE when it comes to public education.
Please return in PAID self-addressed stamped envelope.
Thank you,
E. Schmidt Jr., DataCzar
In Economics graduate school "what is money" was about as welcome a question as "Who says the Bible is the word of God" in bible camp. Seriously.
If you are truly a teacher, my hat is off to you. I am married to a teacher and am well aware of the hurdles they have to clear. The vast majority are caring, professional, effective educators overcoming disfunctional families, increasing rates of autism and neglect, continuous political attacks and a society that views them with contempt, while enjoying the skills that were taught to them, by and large, in public school.
I am a bridge engineer. If nearly 40% of the products of my profession were failing, I'd be seriously addressing the problem within the engineering community, not posting pleas for simpathy with claims of material and workmanship defects.
So you could build solid bridges with poor quality materials and substandard labor? Oh, and the blueprints are drawn up by a government committee of morons who demand you follow them to the letter. And guess what: "26% of America's bridges are either structurally deficient or functionally obsolete." So what if the problems are lack of funding, neglect and misuse - not the fault of a bridge engineer. Failure is failure, right?
In a word, yes. Load and Resistance Factor Design is a statistical method of design that takes into account material defects and construction inaccuracies. Safe bridges can be produced by adjusting these factors on both sides of the capacity equations to achieve the desired performance within a given confidence interval. Yes, 1 in 4 U.S. bridges are either structurally deficient or functionally obsolete; NOT FAILING. Using equivalent standards, it is likely the rate of structural deficiency or functional obsolescence of today's 20-somethings is in the mid 90's. As in public education, the problems are not tied to funding levels, but rather inefficient direction of a relatively large pool of confiscated resources. New signature bridges and recreational trails that bear the names of their legislative sponsors have taken priority over the maintenance of the rapidly deteriorating existing transportation system.
"I am a bridge engineer. If nearly 40% of the products of my profession were failing"
More likely, you'd be a former bridge engineer and newly unemployed.
Sounds like then that this Fed lesson would fit right in with the current curriculum.
They aren't "Public Schools".
They are "Government Schools".
Homeschooling is the only way to go. My 8 year old knows the difference between physical and fiat.
My 8 year old and your 8 year old would probably love talking about real money. My 8 year old's favorite coin is my spade guinea of Triple George. We were just at Yorktown, and my son loved the hell out of standing right where oppression was thrown off. Too bad we're all standing where oppression is right on top of us.
Homeschooling is the only way. Our kids might have a chance because they'll easily outthink the sheeple trying to hold them back.
Not even sub-concisous reprogramming?
Our tax dollars at work....Pathetic.
Not to worry, chap. It's much more likely that this lesson came straight from the printing press, the Fed's favorite office tool.
We don't need no.....education
You mean... propaganda.
should be tought about Edward Bernays 1st since its teacher Feds teacher.
We don't need no thoughts controlled!
I doubt it needs to be said here, but there is precisely zero reason for public schools to exist outside of functioning as daycare and propaganda entrenchment facilities.
Anyone truly interested in learning can do so quite easily at a library or on the internet. MIT and others have plenty of courses available on youtube: The below link is not one of them...
Human Resources - Social Engineering In The 20th Century
So, wise man, did you go to public school? Do you owe a public school thanks for teaching you to read and write?
anyone who waited till school to learn to read and write is a shitty reader and writer.
You must be genius. Why are you wasting your time here? There must be some particle physics research that could distract you.
We enjoy tautning the monkeys. Hey, want a banana? Oh, so close this time. Really, want a banana? Sorry, you missed...but don't give up.
And yes, we all rad before school started. And we didn't get held back by the government education because we ignored that shit while having to sit through classes.
Hmm, sure you did....
I was blessed with caring parents and other family members who taught me the necessary fundamentals in-home. I attended public schools in a very poor neighborhood for a while off and on. I spent the majority of my time fighting off racial attacks, and finding ways to alleviate the rage, which, fortunately, included math, reading, and computers. In the end, I graduated from a homeschooling program with a 4.0 GPA, which I carried on during my bit of time in college.
If I owe the public schools anything it is a tab for my medical bills and court costs.
Maybe the majority of ZH people come from a pampered background and can think back fondly on the free chicken nuggets and pussy. Such was not my case.
So, wise man, did you go to public school? Do you owe a public school thanks for teaching you to read and write?
The state hijacks education, making us pay for its provision (and thereby ensuring we use it, as we can't afford the alternative) and we're supposed to be thankful?
Like reading and writing didn't exist before 'public schools'. As someone else said here, if the State decided it was going to take over pizza production, pretty soon twats like you would be saying if it weren't for the glorious State, we couldn't get a pizza.
Before public school reading and writing were only for the rich.
So, public school is the only option for reading and writing education? You have a source that shows only the rich could read and write? Are you saying that Catholic priests were rich? Were there not public libraries before schools?
Are you intentionally spreading BS and looking for an argument ... My kids both could read before school ... Todays schools are VASTLY overrated as far as learning is concerned ... they are indoctrination centers ,, have been since at least WW2 ,, seems like it took the progressives a few years to get their people into positions of control within the system... School doesn't need to be fancy to teach well ... my kids learn more one day with me explaining everyday things to them than they do in a YEAR of school. Here's an 8th grade graduation test from 1895 ... tell me if school today is worth the trouble.. http://www.barefootsworld.net/1895finalexam.html
You mean indoctrination like: "I pledge allegiance to the flag... "
Exactly like that.
I still know the words by heart. And forcing kids to swear allegiance to any flag before they even know what allegiance is...is coercion. I refusd to participate, much to the chagrin of my fifth grade teacher.
As far as reading, writing and math, Mrs.nmewn made sure it was known before ever leaving the house and setting foot on government property.
It was the least that could be done for yet another generation of government school teachers ;-)
Not really. Most kids got educated before schools became overwhelmingly public, they just didn't go as long. I daresay they got more out of it, since they wanted to be there.
Christ, even impoverished indian orphans learned how to read and write. Sure, it was in brutally oppressive religious schools, but it still happened, and the outside world was not particularly impressed with their abilities when they got out, because reading and writing were not uncommon.
That's funny. As if public schools actually teach, and rich people send their kids to public school.
Before public school reading and writing were only for the rich.
Before public pizza parlours, eating a peperoni was only for the rich.
Before public school reading and writing were only for the rich.
Bullshit.
I was taught to read and write, IN CURSIVE too long before I hit school.
What has that got to do with the Constitutionality of government education or whether it just serves to provide a limited education of the government's choosing?
Your response is the reason people question government in education.
I went to public school, but my mother taught me to read and write.
So, reading and writing were invented when public schooling was first introduced? My public school education failed to teach me that.
Fuck you donsluck......
I just love YouTube
The Century of the self
http://www.youtube.com/watch?v=TjP2gHoBLvA
You know, libraries are mostly public institutions as well. If school-age kids decided to spend their days at the downtown library, libraries would look just like public schools in no time. No doubt homeschooling works great for intelligent, resourceful parents with free time, but what about guys like Cletus?
"We home school 'em. I teach the big ones, and the big ones teach the little ones, but nobody taught me, so the whole thing is an exercise in futility."
"We don't need no.....education"
We don't need no education
We dont need no thought control
No dark sarcasm in the classroom
Teachers leave them kids alone
Hey! Teachers! Leave them kids alone!
All in all it's just another brick in the wall.
All in all you're just another brick in the wall.
We don't need no education
We dont need no thought control
No dark sarcasm in the classroom
Teachers leave them kids alone
Hey! Teachers! Leave them kids alone!
All in all it's just another brick in the wall.
All in all you're just another brick in the wall.
Pink Floyd
Are they also going to show, "The Wizard of Oz?" or better yet, Bill Still's, "The Money Masters"?
the matrix...
"Are they also going to show, "The Wizard of Oz?" or better yet, Bill Still's, "The Money Masters"?"
No they won't , but any parent that does not have their children learn the lessons from "The Money Masters" is guilty of neglect.
No one in my family makes it into the will without being answer a line of questioning from me that among other things includes:
Who killed the Second Bank of the United States and why?
Who gave a convention speech about a “cross of gold” and what was it about?
What’s a “greenback” and why was it created?
What happened on Jekyll Island?
Explain what the three most disastrous events of 1913 were.
If they don't understand these issues, then they deserve to wallow in their own Fed fiat.
It would have been nice if the lesson used the Federalist papers as a source material to explain the founder's reasoning, as well as the anti-federalist papers to reason the constraints on the enumerated powers.
It would also be nice if they included other examples of Court excess, like the Dred Scott decision or Plessy v Ferguson. Teaching that the Supreme Court is always right is pure propaganda.
"Who killed the Second Bank of the United States and why?"
Who tried to kill president Jackson, and why?
"What’s a “greenback” and why was it created?"
Who killed president Lincoln and why?
How many other assassinations and attempted assassinations (Garfield, Kennedy, Gov Huey P. Long, etc.) were the international banksters behind and why?
"Who gave a convention speech about a “cross of gold” and what was it about?"
William Jennings Bryan - 1896 Democratic Convention - Chicago
the Wiki version of what it was about(bolded):
"In order to get the Federal Reserve Act passed, Wilson needed the support of populist William Jennings Bryan, who was credited with ensuring Wilson's nomination by dramatically throwing his support Wilson's way at the 1912 Democratic convention.[11] Wilson appointed Bryan as his Secretary of State.[10] Bryan served as leader of the agrarian wing of the party and had argued for unlimited coinage of silver in his "Cross of Gold Speech" at the 1896 Democratic convention.[20] Bryan and the agrarians wanted a government-owned central bank which could print paper money whenever Congress wanted, and thought the plan gave bankers too much power to print the government's currency. Wilson sought the advice of prominent lawyer Louis Brandeis to make the plan more amenable to the agrarian wing of the party; Brandeis agreed with Bryan. Wilson convinced them that because Federal Reserve notes were obligations of the government and because the President would appoint the members of the Federal Reserve Board, the plan fit their demands.[11] However, Bryan soon became disillusioned with the system. In the November 1923 issue of "Hearst's Magazine" Bryan wrote that "The Federal Reserve Bank that should have been the farmer's greatest protection has become his greatest foe.""
Excerpt from Bryan's "Cross of Gold" speech:
Full speech here: http://historymatters.gmu.edu/d/5354/
Even populists get taken for a ride sometimes...
Watch the Wizard of Ounce? The allegory is largely lost in the movie. It's gotta be the shoes!
Hey Teacher! Leave those kids alone!
FEDTeachers are XXX Porn Stars!!! They teach you how to fuck the economy with no rubber
You can't make shit like that up.
I wonder what type of muppet they use on Sesame Street? You know, for the kids.
Freddie Printz, of course!
Chester the Molester
"A...B...C...F...E...D... G"....
HIJK M-O-No-Lo-Py!...
Fuck you Bernanke!
Some needs to email the Author Mary Suiter a BIG LOL