▓ The Federal Reserve Conspiracy - Robbing Americans /9 min/
The Federal Reserve is neither Federal nor a Reserve. Owned by a corrupt group of International Bankers, it is a privately owned monopoly, largely responsible for creating America's National Debt. It is also a parasitic and unnecessary entity that literally creates American currency out of nothing and then collects interest on the backs of taxpayers for doing so. Click here for video »»
▐ "America has no better than a 10 percent chance of
avoiding economic 'armageddon'."
To finance its current account deficit with the rest of the world, he said, America has to import $2.6 billion in cash. Every working day. The Dollar's parachute failed to open over the weekend, when a meeting of the world's top finance ministers produced no promise of concerted intervention. It is undeniable that America is living in a "debt bubble" of record proportions. The federal body of America is going to burst apart. It will be the END of the US as we know it.
http://business.bostonherald.com/businessNews/view.bg?articleid=55356 - Boston Herald, Nov. 23/2004
▐ A potent inflationary cocktail
Finally, the Federal Reserve showed its true inflationary colors, and Total Fed Credit went up by $6.6 billion last week. The significance of this is that when you take another $6.6 billion in bank credit and multiply it by the current fractional-reserve multiplier (infinity), this calculates out to (according to my rough calculations) exactly 6.6 jillion gazillion umpty-ump quintillion dollars that can be created by the banks, which is just about enough money to bail out everybody in the Whole Freaking World (WFW), which (according to the bizarre current economic theory and practice) is the new purpose of a central bank; create a bubble by creating too much money and credit (which finances the bubble) and then bail everybody out of the ensuing bust by creating another bubble by creating too much money and credit again and again!◘
▐ In describing the FED, McFadden remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:
"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the misadministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".
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▐ Rogers: Fed Rate Cut Will Trigger Recession
In an interview with the news source, Rogers, who co-founded the Quantum Hedge Fund with George Soros in the 1970s, stated that, "Every time the Fed turns around to save its friends on Wall Street, it makes the situation worse. If Bernanke starts running those printing presses even faster than he’s doing already, yes we are going to have a serious recession. The dollar’s going to collapse, the bond market’s going to collapse. There’s going to be a lot of problems in the U.S.”
Pasted from <http://whatreallyhappened.com/>
Documentary film By John Pilger
John Pilger and David Munro examine the policy of First World banks agreeing loans with Third World countries, who are then unable to meet ... all the cripling interest charges. Won Geneva International TV Award at the North-South Media Encounters event, Geneva, 1993
▐ We have in this country one of the most corrupt institutions the world has ever known! I refer to the Federal Reserve Board and the Federal reserve Banks, called the FED. They are not government institutions. They are private monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. The Federal Reserve (Banks) is run by the international bankers. -- Louis McFadden
▐ The dollar represents a one-dollar-debt to the FED system. the Federal Reserve banks create money out of thin air to buy Government Bonds from the U.S. Treasury and has created out of nothing a debt which the American people are obliged to pay back with interest! -- Wright Patman
▐ When a government takes over a people's economic life, it becomes absolute, it destroys the arts, the minds, the liberties and the meaning of the people it governs. --Maxwell Anderson (1888-1959)
▐ The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously heir sordid avarice. --Aristotle
▐ Give me control of a nation's money and I care not who makes the laws. -- Mayer Amschel Bauer Rothschild
▐ The Root of Your Economic Problems
Rising debts and increasing bankruptcies are the result of Congress suspending the free coinage of metals - into money - and switching us to bank credits as our medium of exchange. These acts converted our nation from a wealth monetary system, where people created money for society's benefit through the fruits of their labor, to a monetary system, where now All new money is loaned into circulation as an interest bearing debt. Since this system only creates the principal and never the interest, the debt is always greater than the money supply. More here...»»
