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We are controlled by the bankers…

3-stooges

 

The truth to it all is the goverment is not run by the goverment but by the bankers. The U.S. has been putting themselves into financial slavery since the early 1900’s.

“So what is a central bank? A central bank is an institution that produces the currency of an entire nation. Based on historical precedent, two specific powers are inherent in central banking practice: the control of interest rates and the control of the money supply, or inflation. The central bank does not simply supply a government’s economy with money, it loans it to them at interest. Then through the use of increasing and decreasing of supply of money the central bank regulates the value of the currency being issued. It is critical to understand that the entire structure of this system can only produce one thing in the long run: DEBT.

It doesn’t take a lot of ingenuity to figure their scam now. For, every single dollar produced by the central bank is loaned at interest. That means every single dollar produced is actually the dollar plus a certain percent of debt based on that dollar. And since the central bank has the monopoly of the production of the currency for the entire country and they loan each dollar out with an immediate debt attached to it, where does the money that pay for the debt come from? It can only come from the central bank again. Which means the central bank has to perpetually increase its money supply to temporarily cover the outstanding debt created which in turn, since that new money is loaned out at interest as well creates even more debt? The end result of this system without fail is slavery for it is impossible for the government, and thus the public, to ever come out of the self-generating debt. The founding fathers of this country were well aware of this.

“I believe that banking institution are more dangerous than standing armies… If the American people ever allow private banks to control the issue of currency… the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered.”
-Thomas Jefferson (1743-1826).

“If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation’s credit”
-Sir Josiah Stamp (1880-1941)

By the early 20th century the US have already implemented and removed a few central banking systems, which were swindled into place by the ruthless banking interests. At this time, the dominate families in the banking and business world were: J.D. Rockefeller, J.P. Morgan, Paul Warburg, Baron Rothschild. And in they early 1900’s they sought to push once again legislation to create another central bank. However, they knew the Government and public were very wary of such an institution. So they needed to create an incident to affect the public opinion. So J.P.Morgan, publicly considered a financial luminary at the time, exploited his mass influence by publishing rumours about a prominent bank in New York wasn’t solvent or bankrupt. Morgan new this would cause mass hysteria which would affect other banks as well. And it did. The public in fear of losing their deposits immediately began mass withdrawals. Consequently, the banks were forced to call in their loans causing their recipients to sell their property and thus the spiral of bankruptcies, repossessions and turmoil emerged.

Putting the pieces together a few years later, Fredrik Allen of Life Magazine wrote: “The Morgan interests took advantage… to participate the panic [of 1907] guiding it shrewdly as it progressed” –Frederik Allen, Life Magazine.
Unaware of the fraud, the panic of 1907 led to the Congressional investigation headed by Senator Nelson Aldrich, who had intimate ties to the banking cartels and later became part of the Rockefeller family through marriage. The commission led by Aldrich recommended a central bank should be implemented so a panic like 1907 could never happen again. This was the spark that international bankers needed to initiate their plan.
In 1910 a secret meeting was held at the J.P.Morgan’s estate on Jekyll Island off the coast of Georgia. It was there that the central banking bill called the Federal Reserve Act was written. This legislation was written by bankers, not law makers. This meeting was so secretive, so concealed from Government and public knowledge that the 10 or so figures who attended disguised their names when in route to the island. After this bill was constructed, it was then handed over to their political front man, Senator Nelson Aldrich, to push through Congress.

And in 1913, with heavy political sponsorship by the bankers, Woodrow Wilson became president, having already agreed to sign the Federal Reserve Act in exchange for campaign support. And two days before Christmas, when most of Congress was at home with their families, the Federal Reserve Act was voted in and Wilson in turn made it law.

Years later Woodrow Wilson wrote, in regret: “[Our] Great Industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men.. who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”
“We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world –no government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”
-Woodrow Wilson

Congressman Louis McFadden also expressed the truth after the passage of the bill: “A world banking system was being set up here… a superstate controlled by international bankers.. acting together to enslave the world for their own pleasure. The FED has usurped the government.” Now, the public was told that the Federal Reserve System was economic stabilizer and inflation and economic crises were thing of the past. Well, as history has shown, nothing was further from the truth. The fact is, the international bankers now had a streamline machine to expand their personal ambitions.
For example, from 1914 to 1919 the Fed increased the money supply by nearly 100% resulting in extensive loans to small banks and the public. Then, in 1920 the Fed called in mass percentages of the outstanding money supply. Thus resulting in the supporting banks having to call in huge numbers of loans and just like 1907, bank runs, bankruptcy and collapse occurred. Over 5,400 competitive banks outside of the Federal Reserve System collapsed further consolidating the monopoly of the small group of international bankers.

Privy to this crime, Congressman Lindbergh stepped up and said in 1921: “Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figure a mathematical equation.” –Charles Lindbergh

However, the panic of 1920 was just a warm-up. From 1921 to 1929 the Fed again increased the money supply resulting once again in extensive loans to the public and banks. There was also a fairly new type of loan called the margin loan in the stock market. Very simply, the margin loan allowed an investor to put down only 10% of the stock’s price with the other 90% being loaned from the broker. In other words, a person could own a $1000 worth of stock, with only a $100 down. This method was very popular in the roaring 1920’s as everyone seemed to be making money in the market. However, there was a catch to this loan. It could be called in at any time and had to be paid within 24 hours. This is termed “a margin call”, and a typical result of a margin call was the selling of the stock purchased with the loan.
So, a few months before October in 1929, J.D.Rockefeller, Bernard Baruch and other insiders quietly exited the market. And on October 24th, 1929 the New York financiers who furnished the margin loans started calling them in, in mass. This sparked an instantaneous massive sell off in the market for everyone who had to cover the margin loans. It then triggered a mass bank runs for the same reason, in turn collapsing over 16,000 banks enabling the conspiring international bankers to not only buy up rival banks at the discount but to also buy up whole corporations at pennies on the dollar. It was the greatest robbery in American history.
But it didn’t stop there. Rather than expanding the money supply, which would help the nation recover from this economic collapse the Fed actually contracted it, fuelling one of the largest depressions in history. Once again outraged, Congressman Louis McFadden, a long time opponent of the banking cartels began bringing impeachment proceedings against the Federal Reserve Board.

Saying of the crash and depression: “It was a carefully contrived occurrence, international bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all.” -Louis McFadden Not surprisingly, and after two previous assassination attempts, McFadden was poisoned at a banquet before he could push for the impeachment.

Now, having rid society of the squaller McFadden, the Federal Reserve bankers decided that the gold standard should be removed. In order to do this, they needed to acquire the remaining gold in the system. So, under the pretense of “helping to end the depression”, came the 1933 gold seizure. Under the threat of imprisonment for 10 years everyone in America was required to turn in all gold bullion to the Treasury, essentially robbing the public of what little wealth they had left. And at the end of 1933 the gold standard was abolished. If you look at a dollar bill from before 1933 it says it is redeemable in gold. You look at the dollar bill today, it says it is legal tender which means it is backed by absolutely nothing. It is worthless paper. The only thing that gives our money value is how much of it is in circulation. Therefore, the power to regulate the money supply is also the power to regulate its value which is also the power to bring entire economies and societies to its knees.

“Give me control of a nation’s money supply, and I care not who makes its laws.” -Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty.

It’s important to clearly understand, the Federal Reserve is a private corporation. It is about as “federal” as Federal Express. It makes its own policies and is under virtually no regulation by the US Government. It is a private bank that loans all the currency at interest to the Government, completely consistent with the fraudulent central banking model that the country sought to escape from when it declared independence in the American revolutionary war.”

March 2, 2009 Posted by | Bad Ideas/Moves, Economic news | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Info on the Proposed Economic Stimulus Package


http://www.nostimulus.com/

Quote:
Any so-called stimulus program is a ruse. The government can increase its spending only by reducing private spending equivalently. Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people’s money.
— Richard Wagner, Professor of Economics, George Mason University
Quote:
Under the bureaucratic jargon of “Comparative Effectiveness Review” the package heavily funds the first steps towards the government-mandated rationing of health care and tramples your right to medical privacy. (Our own AFP senior fellow, Dr. Larry Hunter, was the first to blow the whistle on this.

http://www.nydailynews.com/opinions/…nhealthy_.html

Quote:
Hidden in the stimulus, a very unhealthy provision
BY LARRY HUNTER
Friday, January 30th 2009, 4:00 AM
President Obama is pleading with the Senate to pass the massive economic stimulus package quickly. His sense of urgency is warranted – but not because America’s economic recovery depends on federal spending.
Rather, if taxpayers and lawmakers actually have the time to digest what’s in the bill, it stands no chance of passing. The measure claims to “to create jobs, restore economic growth, and strengthen America’s middle class,” but it’s really just a collection of giveaways and outlays for favored constituents and programs.
Nowhere is this more apparent than in the package’s proposed spending on health care. Billions are earmarked for Medicaid and investments in centrally planned health information technology systems. But the most sinister of the bill’s line items is a relatively tiny $1.1 billion for government-chartered comparative-effectiveness research.
This new effort would investigate various medical treatments and attempt to determine which ones work best. Proponents claim that comparative-effectiveness research (CER) would empower doctors and patients to find out if newer, more expensive treatments are really worth the additional cost.
The federal government, which accounts for about a third of our nation’s healthcare spending, obviously has an interest in the outcome of comparative-effectiveness research. If older, cheaper treatments are found to be just as good as the cutting-edge ones, the feds stand to save a lot of money.
In other countries, like the United Kingdom, comparative-effectiveness agencies routinely deny patients new treatments, citing cost-effectiveness. As a result, thousands of Britons afflicted with diseases that are expensive to treat – like cancer – suffer needlessly, unable to get the pricey meds they need.
Quote:
What’s Wrong with the Stimulus Bill?
The so-called “Stimulus Package” is being sold to taxpayers as an investment in useful infrastructure like roads and bridges. But the facts prove otherwise.
Only 3.6% of the scheme’s $825 billion price tag would actually go to real, practical infrastructure projects–roads and bridges.
Most of the other 96.4% would go to special interest pet projects, and to cramming years’ worth of radical policy changes into the single largest spending and debt scheme in history.
Even the Congressional Budget Office, the official scorekeeper of the economic impact of legislation, has said that it would, on balance, hurt the economy.
Why are our nation’s leaders doing this? Obama White House Chief of Staff Rahm Emmanuel was strikingly honest when he said “Never let a serious crisis go to waste…it’s an opportunity to do things you couldn’t do before.” Exactly what fringe policies are big-government politicians attempting to ram through with this colossal bill?
Under the auspices of a “Comparative Effectiveness Review,” the package heavily funds the first steps towards the socialization and government-mandated rationing of health care. And this is just one of many government power grabs being shoehorned into the so-called “Stimulus Package.”
In fact, even by the most charitable estimates, the bill would force taxpayers to foot the bill for at least 600,000 new government bureaucrats. That’s six tenths of a million more people on the government payroll — adding little or no value to our economy and being paid with billions upon billions of your hard-earned tax dollars.
And just what sort of special interest giveaways and wasteful government spending are included in the so-called “Stimulus Package”? To name just a few…
– $4.19 billion in slush funds for ACORN, the left-wing advocacy group best known for allegations of voter fraud during the 2008 presidential campaign
– $600 million to buy brand new cars for government bureaucrats
– $335 million for adult sex workshops (one of the few line items which could conceivably deliver “stimulus” )
– $150 million for honeybee insurance
– $2.8 billion for the US Department of Agriculture in a misdirected program more likely be spent to build unnecessary broadband internet services in urban areas than in the rural areas that lack service.
These are just a few examples of the shameless feeding frenzy taking place in halls of Congress today with this so-called “Stimulus Package.”
This trillion-dollar debt and spending scheme will provide little or no stimulus, but will put each and every American household in at least $6,700 of new debt, to be paid by our children and grandchildren.
Quote:
Spending Stimulus Can’t Work
1. Every dollar the government spends comes from the private sector.
Nobel Prize winner Milton Friedman famously said: “there ain’t no such thing as a free lunch.” Government spending is either financed through higher taxes, higher federal borrowing, or by printing money. Those are the only possibilities. They all create greater economic damage than any stimulus effect of new spending.
● Tax increases lower the incentive to work, save, and invest. There is a strong association between tax increases and reduced economic growth. In an economic crisis, tax hikes should be unthinkable. The Revenue Act of 1932 was one of the major reasons an economic crisis deepened into the Great Depression.
● Government borrowing also takes money out of the private economy—the money that bond purchasers hand over to the government in exchange for the bonds. That money could otherwise be used for business investment that would expand the economy’s productive capacity. If the funds are borrowed from abroad, our exports are lowered because U.S. dollars are being used to buy bonds instead of goods. Borrowed funds also have to be paid back, placing a burden on future taxpayers. Excessive borrowing also may increase interest rates, deepening the credit crisis.
● Inflation may be most damaging financing mechanism of all. If government spends money that it hasn’t taxed or borrowed, then it is literally creating money out of thin air. More dollars being created means that the dollars in our pockets and bank accounts are worth less than they were before. Inflation is a stealth tax that erodes the value of everything and destroys real economic growth.
2. History shows spending stimulus fails.
America experimented with large-scale expansions of government spending in the 1930s with the New Deal and again in the 1960s and 70s with the Great Society. These dramatic expansions of government spending coincided with economic failure. The long-boom that started under Reagan and continued until now with only a couple of brief, mild recessions coincided with a significant decline in federal spending as a percentage of the economy.
3. Infrastructure projects should be judged on their merits, but not as stimulus.
There is a role for government in providing certain public goods that the market cannot efficiently provide. If financing is available at favorable rates it may make sense to take a long-term view and begin projects that are legitimately justified on their merits. We should be under no misconception, however, that public works spending is stimulative, because borrowed dollars are taken out of the private sector.

February 11, 2009 Posted by | Bad Ideas/Moves, Quotes | , , , , , , , , , , , , , | Leave a comment

The Obama Currency…Obamadolla

February 10, 2009 Posted by | Funnies, Obama | , , , , , , | Leave a comment