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Wonder
climber
WA
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Topic Author's Original Post - Feb 9, 2009 - 11:44pm PT
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I'm sorry bluering but I think you got all backwards. I saw Obama's press conference tonite he started talking about getting more credit to business & consumers. Well here's reality:
The Federal Reserve Bank was founded in 1913. Most people think that this bank is an American Federal Company. That is just as wrong as the conviction that the Bank of England belongs to the British Crown or to the whole of England. The Federal Reserve is in the hands of the Rothschilds and company.
In his speech before the Senate, on December 15, 1987, Senator Jesse Helms said: “The principal instrument of the control over the American economy and money is the Federal Reserve System.”
The Federal Reserve has a monopoly over the expenditure of the dollar as a world currency and determining the interest rate, and it disposes of a lot more monopolies. How does the Federal Reserve Bank operate?
Suppose the United States government needs a couple of billion dollars for its expenses that cannot be paid with taxes income. At that moment it addresses the Federal Reserve Board. Then government bonds for the needed billion dollars are printed in the Bureau of Printing and Engraving. After these bonds are handed over to the bankers of the Federal Reserve, the board grants a loan to the government in the amount of the bond issue.
The Federal Reserve draws interest from the government from the day the bonds are delivered. From that day on the government is allowed to draw checks against the Federal Reserve for the amount of the bonds. What are the consequences of this incredible transaction? The government simply saddles the people with a billion dollar debt to the Federal Reserve Bank, apart from the interest on interest that also has to be paid by “ordinary people”.
When the Federal Reserve needs new, or more, currency to transact its business, it takes the bonds over to the United States Treasury for safekeeping and asks the Treasury Department for the billions of dollars of new currency it needs. The Bank is accommodated on condition that it will pay the printing bill. It only pays for the expenditure costs of the banknotes, which are no more than a mere 500 dollars for ink and paper! It is understood that the Bank need not relinquish the bonds it holds, but will continue to collect interest on them. The Bank then loans the new printed currency into circulation to anyone who can provide it with satisfactory collateral.
In less than twenty years the Federal Reserve brought the money system, banks, exchanges and economy to utter ruin. Every dollar in circulation in the United States is a borrowed dollar and pays its toll of interest to the Illuminati bankers. Nearly eleven trillion dollars in debt has been created since 1913. The American people cannot even pay the interest! Every month more than two billion dollars interest has to be paid. It is madness that a government hands over so much power to a private bank that is not controlled by anybody. A power that can create money out of nothing!
Why the United States borrow its own money, based on its own credit, at interest, from private bankers? Please bear in mind the fact that the founding fathers made sure that provisions were made by the Constitution for an honest and debt free money system.
In part Article 1, Section 8, Paragraph 5 of the Constitution states: “Congress shall have power to coin money and regulate the value thereof.” It is most evident that by this provision, Congress alone should be the money-creating agency of the nation.
Although the Constitution has been set aside through the intrigue and power of the Illuminati, the Congress of the United States is authorized by the Constitution to do as Abraham Lincoln did in order to finance the Civil War, to-wit: “issue the money required against the credit of the nation, debt- and interest free”.
Lincoln didn’t want to borrow money from the Rothschilds and Co. The interest rate set by the banks was twenty-eight percent. For Lincoln Article 1, Section 8, Paragraph 5 was sufficient authority to disregard the powerfully entrenched bankers. So, in spite of the greedy bankers’ protests he caused to have printed in the Bureau of Printing and Engraving a total of $450,000,000 of honest money, constitutionally created on the credit of the nation.
Wright Patman, Chairman of the Federal Reserve until 1975 remembered: “In the United States we have, in effect, two governments. We have the duly constituted government. Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.”
Today, the Constitution has been forgotten by the U.S. government. The elected representatives of the people have ignored their oaths of office!
The political and financial network of the Federal Reserve Bank has created a worldwide financial system, in which all private and central banks cooperate. Their objective is to control the economies of all separate countries of the world. The main objective, however, is to let the governments bury themselves in debts so there will be no other way out than to obey the commands of the banks. Hardly any government completely sees through this tactic. They easily let themselves be led to the slaughter.
Written by Robin de Ruiter, Co Author Fritz Springmeier.
Cheers
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bachar
Gym climber
Mammoth Lakes, CA
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Feb 10, 2009 - 12:19am PT
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Ron Paul just introduced a bill to abolish the Federal Reserve!
http://www.silverbearcafe.com/private/02.09/abolition.html
Of course nobody wants to hear this.
"Money is debt" according to the Federal Reserve (yeah it's on their website).
So now we are going to "fix" the economy with more money (debt)?
Get ready for some tough times.
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Chaz
Trad climber
Boss Angeles
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Feb 10, 2009 - 12:23am PT
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Obama and Pelosi are going to see to it the Skull & Bones friends of the Bush Family make out good.
Damn good.
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