The Beginning Of The End
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10 Things That Every American Should Know About The Federal Reserve

What would happen if the Federal Reserve was shut down permanently?  That is a question that CNBC asked recently, but unfortunately most Americans don’t really think about the Fed much. Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people.  But that is not the case at all.  The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt.  During this election year, the economy is the number one issue that voters are concerned about.  But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve.  The Federal Reserve has more power over the performance of the U.S. economy than anyone else does.  The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did.  If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.

The following are 10 things that every American should know about the Federal Reserve….

#1 The Federal Reserve System Is A Privately Owned Banking Cartel

The Federal Reserve is not a government agency.

The truth is that it is a privately owned central bank.  It is owned by the banks that are members of the Federal Reserve system.  We do not know how much of the system each bank owns, because that has never been disclosed to the American people.

The Federal Reserve openly admits that it is privately owned.  When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.

In fact, if you want to find out that the Federal Reserve system is owned by the member banks, all you have to do is go to the Federal Reserve website….

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system.  So it would be accurate to say that the Federal Reserve is partially foreign-owned.

But until the exact ownership shares of the Federal Reserve are revealed, we will never know to what extent the Fed is foreign-owned.

#2 The Federal Reserve System Is A Perpetual Debt Machine

As long as the Federal Reserve System exists, U.S. government debt will continue to go up and up and up.

This runs contrary to the conventional wisdom that Democrats and Republicans would have us believe, but unfortunately it is true.

The way our system works, whenever more money is created more debt is created as well.

For example, whenever the U.S. government wants to spend more money than it takes in (which happens constantly), it has to go ask the Federal Reserve for it.  The federal government gives U.S. Treasury bonds to the Federal Reserve, and the Federal Reserve gives the U.S. government “Federal Reserve Notes” in return.  Usually this is just done electronically.

So where does the Federal Reserve get the Federal Reserve Notes?

It just creates them out of thin air.

Wouldn’t you like to be able to create money out of thin air?

Instead of issuing money directly, the U.S. government lets the Federal Reserve create it out of thin air and then the U.S. government borrows it.

Talk about stupid.

When this new debt is created, the amount of interest that the U.S. government will eventually pay on that debt is not also created.

So where will that money come from?

Well, eventually the U.S. government will have to go back to the Federal Reserve to get even more money to finance the ever expanding debt that it has gotten itself trapped into.

It is a debt spiral that is designed to go on perpetually.

You see, the reality is that the money supply is designed to constantly expand under the Federal Reserve system.  That is why we have all become accustomed to thinking of inflation as “normal”.

So what does the Federal Reserve do with the U.S. Treasury bonds that it gets from the U.S. government?

Well, it sells them off to others.  There are lots of people out there that have made a ton of money by holding U.S. government debt.

In fiscal 2011, the U.S. government paid out 454 billion dollars just in interest on the national debt.

That is 454 billion dollars that was taken out of our pockets and put into the pockets of wealthy individuals and foreign governments around the globe.

The truth is that our current debt-based monetary system was designed by greedy bankers that wanted to make enormous profits by using the Federal Reserve as a tool to create money out of thin air and lend it to the U.S. government at interest.

And that plan is working quite well.

Most Americans today don’t understand how any of this works, but many prominent Americans in the past did understand it.

For example, Thomas Edison was once quoted in the New York Times as saying the following….

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.

We should have listened to men like Edison and Ford.

But we didn’t.

And so we pay the price.

On July 1, 1914 (a few months after the Fed was created) the U.S. national debt was 2.9 billion dollars.

Today, it is more than more than 5000 times larger.

Yes, the perpetual debt machine is working quite well, and most Americans do not even realize what is happening.

#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar

Did you know that the U.S. dollar has lost 96.2 percent of its value since 1900?  Of course almost all of that decline has happened since the Federal Reserve was created in 1913.

Because the money supply is designed to expand constantly, it is guaranteed that all of our dollars will constantly lose value.

Inflation is a “hidden tax” that continually robs us all of our wealth.  The Federal Reserve always says that it is “committed” to controlling inflation, but that never seems to work out so well.

And current Federal Reserve Chairman Ben Bernanke says that it is actually a good thing to have a little bit of inflation.  He plans to try to keep the inflation rate at about 2 percent in the coming years.

So what is so bad about 2 percent?  That doesn’t sound so bad, does it?

Well, just consider the following excerpt from a recent Forbes article….

The Federal Reserve Open Market Committee (FOMC) has made it official:  After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years.  The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability

The American people got so upset about the bailouts that Congress gave to the Wall Street banks and to the big automakers, but did you know that the biggest bailouts of all were given out by the Federal Reserve?

Thanks to a very limited audit of the Federal Reserve that Congress approved a while back, we learned that the Fed made trillions of dollars in secret bailout loans to the big Wall Street banks during the last financial crisis.  They even secretly loaned out hundreds of billions of dollars to foreign banks.

According to the results of the limited Fed audit mentioned above, a total of $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010.

The following is a list of loan recipients that was taken directly from page 131 of the audit report….

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

So why haven’t we heard more about this?

This is scandalous.

In addition, it turns out that the Fed paid enormous sums of money to the big Wall Street banks to help “administer” these nearly interest-free loans….

Not only did the Federal Reserve give 16.1 trillion dollars in nearly interest-free loans to the “too big to fail” banks, the Fed also paid them over 600 million dollars to help run the emergency lending program.  According to the GAO, the Federal Reserve shelled out an astounding $659.4 million in “fees” to the very financial institutions which caused the financial crisis in the first place.

Does reading that make you angry?

It should.

#5 The Federal Reserve Is Paying Banks Not To Lend Money

Did you know that the Federal Reserve is actually paying banks not to make loans?

It is true.

Section 128 of the Emergency Economic Stabilization Act of 2008 allows the Federal Reserve to pay interest on “excess reserves” that U.S. banks park at the Fed.

So the banks can just send their cash to the Fed and watch the money come rolling in risk-free.

So are many banks taking advantage of this?

You tell me.  Just check out the chart below.  The amount of “excess reserves” parked at the Fed has gone from nearly nothing to about 1.5 trillion dollars since 2008….

But shouldn’t the banks be lending the money to us so that we can start businesses and buy homes?

You would think that is how it is supposed to work.

Unfortunately, the Federal Reserve is not working for us.

The Federal Reserve is working for the big banks.

Sadly, most Americans have no idea what is going on.

Another example of this is the government debt carry trade.

Here is how it works.  The Federal Reserve lends gigantic piles of nearly interest-free cash to the big Wall Street banks, and in turn those banks use the money to buy up huge amounts of government debt.  Since the return on government debt is higher, the banks are able to make large profits very easily and with very little risk.

This scam was also explained in a recent article in the Guardian….

Consider this: we pretend that banks are private businesses that should be allowed to run their own affairs. But they are the biggest scroungers of public money of our time. Banks are lent vast sums of money by central banks at near-zero interest. They lend that money to us or back to the government at higher rates and rake in the difference by the billion. They don’t even have to make clever investments to make huge profits.

That is a pretty good little scam they have got going, wouldn’t you say?

#6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging

By allowing a centralized authority such as the Federal Reserve to dictate interest rates, it creates an environment where financial bubbles can be created very easily.

Over the past several decades, we have seen bubble after bubble.  Most of these have been the result of the Federal Reserve keeping interest rates artificially low.  If the free market had been setting interest rates all this time, things would have never gotten so far out of hand.

For example, the housing crash would have never been so horrific if the Federal Reserve had not created such ideal conditions for a housing bubble in the first place.  But we allow the Fed to continue to make the same mistakes.

Right now, the Federal Reserve continues to set interest rates much, much lower than they should be.  This is causing a tremendous misallocation of economic resources, and there will be massive consequences for that down the line.

#7 The Federal Reserve System Is Dominated By The Big Wall Street Banks

Even since it was created, the Federal Reserve system has been dominated by the big Wall Street banks.

The following is from a previous article that I did about the Fed….

The New York representative is the only permanent member of the Federal Open Market Committee, while other regional banks rotate in 2 and 3 year intervals.  The former head of the New York Fed, Timothy Geithner, is now U.S. Treasury Secretary.  The truth is that the Federal Reserve Bank of New York has always been the most important of the regional Fed banks by far, and in turn the Federal Reserve Bank of New York has always been dominated by Wall Street and the major New York banks.

#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913

On February 3rd, 1913 the 16th Amendment to the U.S. Constitution was ratified.  Later that year, the United States Revenue Act of 1913 imposed a personal income tax on the American people and we have had one ever since.

Without a personal income tax, it is hard to have a central bank.  It takes a lot of money to finance all of the government debt that a central banking system creates.

It is no accident that the 16th Amendment was ratified in 1913 and the Federal Reserve system was also created in 1913.

They have a symbiotic relationship and they are designed to work together.

We could fill Congress with people that are committed to ending this oppressive system, but so far we have chosen not to do that.

So our children and our grandchildren will face a lifetime of debt slavery because of us.

I am sure they will be thankful for that.

#9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence

The mainstream media portrays Federal Reserve Chairman Ben Bernanke as a brilliant economist, but is that really the case?

Let’s go to the videotape.

The following is an extended excerpt from an article that I published previously….

———-

In 2005, Bernanke said that we shouldn’t worry because housing prices had never declined on a nationwide basis before and he said that he believed that the U.S. would continue to experience close to “full employment”….

“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

In 2005, Bernanke also said that he believed that derivatives were perfectly safe and posed no danger to financial markets….

“With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.”

In 2006, Bernanke said that housing prices would probably keep rising….

“Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.”

In 2007, Bernanke insisted that there was not a problem with subprime mortgages….

“At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”

In 2008, Bernanke said that a recession was not coming….

“The Federal Reserve is not currently forecasting a recession.”

A few months before Fannie Mae and Freddie Mac collapsed, Bernanke insisted that they were totally secure….

“The GSEs are adequately capitalized. They are in no danger of failing.”

For many more examples that demonstrate the absolutely nightmarish track record of Federal Reserve Chairman Ben Bernanke, please see the following articles….

*”Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry

*”Is Ben Bernanke A Liar, A Lunatic Or Is He Just Completely And Totally Incompetent?

But after being wrong over and over and over, Barack Obama still nominated Ben Bernanke for another term as Chairman of the Fed.

———-

#10 The Federal Reserve Has Become Way Too Powerful

The Federal Reserve is the most undemocratic institution in America.

The Federal Reserve has become so powerful that it is now known as “the fourth branch of government”, but there are less checks and balances on the Fed than there are on the other three branches.

The Federal Reserve runs the U.S. economy but it is not accountable to the American people.  We can’t vote those that run the Fed out of office if we do not like what they do.

Yes, the president appoints those that run the Fed, but he also knows that if he does not tread lightly he won’t get the money from the big Wall Street banks that he needs for his next election.

Thankfully, there are a few members of Congress that are complaining about how much power the Fed has.  For example, Ron Paul once told MSNBC that he believes that the Federal Reserve is now actually more powerful than Congress…..

“The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress.”

As members of Congress such as Ron Paul have started to shed some light on the activities of the Federal Reserve, that has caused many in the mainstream media to come to the defense of the Fed.

For example, a recent CNBC article entitled “If The Federal Reserve Is Abolished, What Then?” makes it sound like there is absolutely no other rational alternative to having the Federal Reserve run our economy.

But this is not what our founders intended.

The founders did not intend for a private banking cartel to issue our money and set our interest rates for us.

According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress has been given the responsibility to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

So why is the Federal Reserve doing it?

But the CNBC article mentioned above makes it sound like the sky would fall if control of the currency was handed back over to the American people.

At one point, the article asks the following question….

“How would the U.S. economy then function? Something has to take its place, right?”

No, the truth is that we don’t need anyone to “manage” our economy.

The U.S. Treasury could be in charge of issuing our currency and the free market could set our interest rates.

We don’t need to have a centrally-planned economy.

We aren’t China.

And it goes against everything that our founders believed to be running up so much government debt.

For example, Thomas Jefferson once declared that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing….

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

Oh, how things would have been different if we had only listened to Thomas Jefferson.

Please share this article with as many people as you can.  These are things that every American should know about the Federal Reserve, and we need to educate the American people about the Fed while there is still time.

  • Rodster

    Awesome article Michael. :)

    • Michael

      Thank you. But after cranking out more than 3500 words I feel like I just gave birth. :)

      Michael

      • Rodster

        A 20 pound bundle of joy. :D

        I wish you could have tied the importance of the FIAT currency system to this because both seem to go hand in hand.

      • bongstar

        yes it is a vast subject! another thing that the peopl should know is that The IMF is a branch of the Federal Reserve that makes loans to foreing nations with the intent of collecting intrest. this wouldnt be so bad if they made them to sound economies. . The Monitary control act of 1980 has expiediated this process. The proablem is these govornments have pledged to pay these off by taxing there citizens to death and one they have exausted the wealth of said nations, the Fed bails them out with our tax dollars through foreign aid! this has made the perpetual debt game world wide. At the cost of the peoples wealth world wide but mostly americas seeing that we are the richest nation on earth. this

      • REED RICHARDS

        Michael,

        Only one think amerikans need to know about the Federal Reserve:

        1. When will the Federal Reserve be abolished?

        • bongstar

          The first step to ending the Fed is to repeal legal tender laws, and allow other forms of currency to compete with the Feds funny money, like gold and silver coinage, this would slowly take the power from them until they self implode, under there own fraudulent practices

  • http://EconomicCollapse Already Gone

    How about some names? Who is behind all this? All i hear is bankers this, bankers that, It does no good
    if people have no names to go by.Names will come in handy when the vigilanty groups get organized after
    the impending financial collapse happens and they go out looking for redemption.Not possible? well,if
    anybody has been following the collapse of Greece the last two days it will give them a very clear picture of what is coming,and by no means is it a rose garden,Greece is done and soon to be abandoned by the eurozone and to fend for themselves, only God can save these people now.And I am not wandering
    away from the topic of the federal reserve,this is all tied together one way or another.

    • bongstar

      no you are straying from the topic! the IMF through the fed has made these loans to greece to keep there intrest on the loans being paid, they make us think that if we dont bail them out the the world would be over, this way we are not outraged at them robbing our wealth to save them. the proablem starts once ther is no more wealth to rob from america, they have bleed Greece dry, and are bleeding europe and america dry to keep there intrest coming in on greeces debt. austerity will not fix the country it will just ensure that they can keep the intrest rolling in a little longer.

      • bongstar

        i ment to say not straying from the topic.

    • bongstar

      JP morgan, Citi bank,Wells fargo, and bank of america are definate owners. there are others but these are for sure.

    • mondobeyondo

      Ben S. Bernanke – head of the Federal Reserve
      Timothy Geithner – Secretary of the Treasury
      The heads of all 12 Federal Reserve districts
      The CEO’s of JP Morgan Chase, Bank of America, Wells Fargo, etc…
      The U.S. Congress
      Barack Obama
      Mitt Romney
      Newt Gingrich

      There’s many more, but that should do for starters.

    • James

      Chase, B of A, Morgan Stanley, Citi, – just google the “primary dealers” of the FED and you will find the 21 or so financial institutions that act as a front for the ponzi & manipulation globally…

    • Vox.Pop

      You want names. It all ends up with The Rothschilds.

  • r.bitting

    I’ve said it before, and i’ll say it again, Trying to ” fix ” the system is not the answer. We will not elect our way out of this. This nation suffers from spiritual apathy, and is on the eve of it’s destruction. This nation is morally bankrupt and what you see in society today is nothing short of simply reaping what we have sown. The day of America’s watchman has come, and you will CERTAINLY not escape Gods judgment when it comes, no matter how much you prep. You don’t believe me now, and you think i’m a bible thumping religious idiot. Maybe your right, but the days are coming my freinds when you will wish you would have listened to this religious idiot and taken refuge in the Lord Jesus Christ, who is the only way God has appointed for men to be saved. As it stands now, many of you have a date with Hell but remain unfazed by the thought of God’s judgment. Words can’t describe how tragic that moment will be, when you realize you were wrong, and now have no way of changing it. I believe the worst part of an eternal punishment will be the memories of loved ones you will never see again all because of your arrogance, and the torment of knowing all the chances God gave you to turn to him but you were too proud, and too sure of yourself. It meant more to you to be able to sin freely without having to answer to God than to live your life as God would have you to do. Yes my freind, you will have it your way for now, but in the end, all those freinds who ran with you in your sin will look upon your coffin and think, what a fool.

    • N. Daniels

      Amen and Amen!!!!!

    • Kathy Smith

      r.bitting I am a prepper but as I have said before I am so glad my GOD IS IN CONTROL! Thank you for sharing Gods message again.

    • James

      AMEN & AMEN…Scripture tells us your sin will hunt you down……its a matter of time

    • http://www.Liberty4Free.com Heather Lewis

      You know, people might actually listen to you if you understood that God’s name is Jehovah.

  • McKinley Morganfield

    A much needed concise article about the central problem; a private banking cabal that controls the currency and sets interest rates to benefit DC elites and the big banks.

    “… dividends are, by law, 6 percent per year.”

    Gee, I can only get about 1% on a CD from local banks. So let’s do the numbers. FY 2011 included a (roughly) 1.5 trillion deficit funded largely by FR purchases of T-bonds. 1.5 trillion x 6% = nearly a 100 billion in dividends and thats not counting the $16 trillion of ‘liquidity’ the FR pumped into the global banking system since 2009. Its a game of Goldman Sachs musical chairs with the people left with nothing to sit upon.

  • Sid Davis

    The Federal Reserve is simply a criminal organization.

    They steal for people by inflating the currency thus reducing its purchasing power. They steal from people by forcing interest rates low so that savers don’t get a real return on their money. They steal by direct bailouts of banks and Wall Street. They steal by facilitating Commercial banks to create checking accounts out of thin air and loan them out at interest, making the public, businesses and government indentured servants as interest drains wealth out of our pockets.

    There crimes are so large that in any just society those in charge would deserve the **************.

    It is not that Federal Reserve sets the wrong policy. They should not exist and the market should set interest rates. If we followed the Constitution, then Congress would COIN money and States would not allow anything but gold and silver coins to be legal tender within their borders (Article 1, Sections 8 and 10). If we simply had gold and silver as money and required any bank that has deposit accounts maintain 100% reserves of gold and silver coins against depositor claims, we would only have natural cycles in business and not the huge booms followed by bust.

    Unfortunately not 1 in 10,000, if even that, understand how the banking system operates to fleece the public.

    • Lennie Pike

      Yes, gold and silver has to be money because of the reasons you gave. Anyone who understands money knows that is true including the owners of our fiat money system.

      The Founding Fathers knew, Aristotole, J.P. Morgan and many others knew as does the Bernankster.

    • bongstar

      right on this is all correct! add repealing and outlawing legal tender laws.

  • http://YAHOO RICHARD

    GREAT JOB AS USUAL.

  • A Citizen

    Excellent article the federal reserve is a terrible institution that must be abolished or the economic collapse will be worse and longer.

  • http://none Brian Puckett

    Michael just wanted to let you know how much I enjoy your articles. Ive been reading them for about 6 months & thoroughly grok your good intentions toward your fellow humans caught in this time of payback on account of our leaders leading us down a false path. Please keep it up with your good work. I bless you, Brian

    • Michael

      Brian:

      And may you and your family be greatly blessed throughout the rest of this year.

      Michael

  • jsmith

    Excellent! I will share this article with everyone I know.

    • Michael

      jsmith:

      I really appreciate when people take the time to do that. This information really needs to get to the people that are not already “awake”. :)

      Michael

  • http://www.geofftalk.com Geoff Yuen

    Michael, well done! I was driven to reprint it on GeoffTalk.com with a reference to a previous post exposing the insidious of the Federal Reserve.

    I appreciate your effort on this post, it is difficult to convey the message in fewer words.

    • Michael

      I am honored that you would repost it on your own site.

      Thank you for doing that. Hopefully this information will be seen by as many people as possible.

      Michael

  • D

    Learning about Federal Reserve and other corruption in today’s society actually made me more spiritual, as it confirmed that darkness and evil truly do exist and manifest itself in this physical realm. And therefore, so does light. The difference is, you have to search for the light (truth). You don’t have to search for or believe in the darkness to experience it. It’s everywhere – instilled in society very strategically….almost too perfectly synergetic.

    After you learn about the NWO, the Fed, corruption, etc. you start to learn we really are in the end times, whether it be 10-60 years from now. The prophecies in all religions and cosmic awareness point that we are living in an interesting time, mainly of corruption and evil – Even religion hinders spirituality in today’s society.

    Most people here tend to be aware of this corruption, but it is still difficult to follow the light, being that everything is shaded thin. Most people here could really help others out with their knowledge; but it’s like Einstein teaching physics to a 3-year-old. That’s how far apart the sheeple (isn’t it ironic the bible calls us sheep?) are from reality.

    SHOW THEM THE LIGHT, ECB – PEACE

  • Craig

    Thanks, but I have always had a hard time understanding this. You’re saying the federal reserve just creates money by putting it on the bank’s computers? Then you say bonds have to be sold to cover the amount. But, the bonds sold no where near covers the amount the feds put on the bank’s computers. Our U.S. debt is now around 15.3 trillion, but in just one year the Federal Reserve created 16.1 trillion dollars. The U.S. debt has been accumulating over decades. So, this is what I don’t understand. It seems to me a lot more money has been created by the Federal Reserve than bonds have been sold to cover the amount. What am I missing? Thanks.

    • bongstar

      please read the Creature From Jekel Island, it will explain it all.
      Basicly, once apon a time the feds dollars were backed by gold, wich gave them value. But now they are backed buy US treasury bonds. in other words they say there dollars are worth something because the US govornment owes them money. sound twisted? well it is. this is why our national debt continues to rise at such a rapid rate. the only way they can maintain a value on there dollar is to keep expanding the national debt. Infact it is said that if every single debt in the world was paid off there would be no money left since the dollars were created out of debt. this was hard to get my head around at first but now it clear. hopefuly this helps.

      • bongstar

        Another thing they base there value on is all of of the mortgages they have swallowed from insolvent banks. through qualitive easing banks that were upsidown in toxic mortgages were able to place these mortgages at face value not present value as pledges to the fed to get more cash reserves. Its like you pawning asomething of value to pay your bills. The fed already owns a massive amount of our nations mortgages. this will allow them to have a massive ledger if there is ever any restructuring of the dollar or a if there is a complete currancy swap. it is there back up plan. The Fed and our govornment that has become subserviant to there money are the most treasons group of people that ever set foot on this nations soil……

        • Lennie Pike

          I’m learning a lot from you Bongstar – in spite of the bad spelling – the grammar ain’t that bad.

          • bongstar

            thanks Lennie, i my self have learned from you and many on here, this is a great site that is packed with an amazing amount of knowledge.

    • terry

      you and everyone eals saying what am i messing . IT IS THAT THEY ARE LOW CLASS ROTTEN CROKS THAT WOULD TEAL FROM THERE GRANDERMOTHER AND LOUGH. YOU SEE THE BANKS WATCHING THE PROTESTERS FROM THE BAMK WINDIWS HOLDING DRINKS IN THERE HANDS LAUGHING AT US BECAUSE PEOPLE KEEP SAYING I DO N OT UNDERSTAND AND THE BANKER AND BROKERS OF WALL STREET SAY THE DOM BASTER ARE SO STUPID THEY SHOULD BE RIPPED OFF HA HA DOM ASSES THEY ARE LOOKING AT YOU . HOW CAN YOU NOT UNDERSTAND GREED THEFT NOT CAREING BLOOD SUCKING BASTERS THEY . BUT YOU KNOW WHAT THEY ARE STILL LAUGHING BECAUSE THEY KNOW THEY HAVE DISTROYED EVERYONE AND 1% SHALL RULE SOON REAL SOON TERRY THE CORROPT WASHINTON TRASH THE WALL STREET GARBAGE
      WE SHOULD SHUT THE FED DOWN WALL STREET STOCK DOWN ITS ALL FAKE ANYWAY TO ROB THE 99% AND 1% TAKE THE GOOD STOCK CASH OUT AND SCREW YOU .

  • Bill

    Michael, this is the most important topic you have written about as “it is” the heart of Washington corruption. You may have opened pandora’s box. I wish that every local newspaper in the country would reprint this article. It speaks for itself as to who really understands this situation enough to do something about it if he is elected as the next President.

    • Bill

      W A R N I N G it is mho that the foundation of the “federal Reserve” has been so corrupted that it should be immediately abandoned.

      • wnettles

        The Federal Reserve System was corrupt from the time it was concieved by it’s originators and remains a corrupt organization to this day.

        Any citizen who operated as does the Fed, would be arrested, charged with numerous crimes such as embezzlement, fraud, conspiracy, money laundering, counterfeiting, etc., tried, convicted, and sentenced to some hard prison time or even death.

        Wonder if we can use the RICO statutes against the FED? They sure seem to be applicable here…..

    • Michael

      Bill:

      Thank you for saying that. This is one of the reasons why I always give permission to local newspapers and to other websites to reprint these articles. They are meant to be seen by as many people as possible – even if that means they don’t come to this site.

      Michael

  • BeenThere

    Why would any government borrow created money from a bunch of private individuals? There can only be one answer. That government must be under the control of those individuals. Therefore no matter how much the citizens of the country complain, nothing can possibly change. As I understand it, president John Kennedy attempted it and look what happened to him. I doubt any of the existing members would have the intestinal fortitude (“guts”) to even try.

  • mondobeyondo

    A few observations…

    1) Garth Brooks knows more about ice skating, and Jennifer Aniston knows more about physics, than Ben Bernanke knows about economics.

    2) The Federal Reserve is as “federal” as Federal Express. Neither is a government agency. To be a true government agency, it would have been called “Department of the Federal Reserve”. [giggle!!]

    3) The reason why we have the financial Mess we are in, is because of the Fed and its policies.

    4) The IRS is the Fed’s collection agency. It’s their equivalent of the “repo man”. You owe? You pay… or else!

    5) Time Magazine named Ben Bernanke as their “Man of the Year” in 2009.

    Yes, things would have been so much better for this country, if the Fed had never been established. But hindsight is 20-20. There’s a quote by President Woodrow Wilson – something to the effect of “I am a most unhappy man… I have allowed the bankers to control the country” (I don’t remember the exact quote.)

    Thomas Jefferson was right. We are waking up homeless on the continent that our forefathers conquered.

    • xander cross

      Are you sure that your forefathers conquered this continent or stolen it from the native americans? There is something very sinister going on and it’s much bigger than the federal reserve system. This is not about money anymore, I personally think this is about power over millions of people. We got to get out of thsi thinking that it’s about money and the economy, this is about control.

  • stan

    Michael, I hate to say this, but I believe it with all my heart. America and our way of life is too far gone to fix it without much pain and suffering. The crimes of this nation will never be purged except by blood and misery.

    We are too far gone, too far in debt, too dumbed down to ever do an about face and correct the mind numbing problems we face.

    It is like the Titanic. It is going down, and only a small percentage will survive it.

    • Michael

      Stan:

      But let us wake up who we can. Things are going to get really bad, but the last chapters of America don’t have to be the most shameful ones.

      Michael

      • Bill

        Michael, please, I don’t want to hear “the last chapters”. We must fight, the battle is not over.

        Perhaps you should end every article with “Things WILL be different if we listen to ___________.”

        Now I must ask you why not fill the space with Ron Paul? Do you suggest someone else or choose not to fight?

        You write fantastic articles. Encourage the fight for OUR AMERICA so there will never be a last chapter.

    • James

      I would highly suggest reading “THE HARBINGER”. It parallels Israel’s rebellious pride with America’s elimination of God from our society. We can only have a chance if we repent and return to honoring God as our forefathers did who founded the country…..I know it’s a long shot

      • Michael

        James:

        I agree – that book contains some stunning information.

        Michael

  • Mike

    Ron Paul is the only presidential contender that wants to rein in the FED…..too bad most Americans don’t recognize that.

  • William

    The Federal Reserve is just a tool of the Illuminati to subjugate America. But, it has the backing of the Bilderbergers, Illuminati, and Free Masons. Those who oppose the FED wind up de(a)d. Look at JFK. Read the US Constitution, and learn that the FED is illegal. Yet, no one since 1913 has done anything to end the FED. All in the US Congress are COWARDS and FOOLS, less Paul and his son. VOTE OUT INCUMBENTS in Nov of 2012!!

  • Nexus789

    Very good summary. Like all these articles it provokes the obvious question. How do you change anything?

    • Bill

      Support those who will make the change we need.
      Listen to Ron Paul. FIGHT FIGHT FIGHT for our America.

  • Michael

    Michael,

    like usual , a very good article and also a scared article. From France, I can say We play “pee wee” football at the european central bank, if i compare with the FED.

    But I think in a near future, the European Central Bank will work like the FED currently. without hesitation, i can say US dollar and Euro will collapse in the future.

    • bongstar

      they are actualy owned by many of the same people and are extreamly interconnected. if you are intrested read the Creature from Jekyl island By Ed Griffen it will explain it all.

  • Mark

    Awesome! E-mailing this to everyone on my list. No doubt, I’ll be told I’m crazy by almost all of them.

    • Michael

      Mark:

      Thank you for that. Email is a very effective way to help an article go viral. And I am always honored when people think these articles are good enough to share with others.

      Michael

  • Lennie Pike

    Place a photo of Al Capone next to Bernanke’s – exact same eyes. Those of a psychopath.

    • Lennie Pike

      That is…..when they are in control. When they have been taken out of control, the eyes change drastically and the true emotion becomes apparent – check out the mugshot of Lucky Luciano at the time he was taken out of control.

      Oh how I long for the days when gangsters were taken out of control – they are now the Authorities, so if we want them out of control we will have to become the authority.

  • graham

    Much the same here in the UK.

    You may be interested in this:

    http://www.positivemoney.org.uk/

  • Stuey

    And now the Federal Reserve and their member banks holds 6 trillion of out national debt. What will happen when the USA defaults on this debt? What blood will they demand?

    At the same time, Americans are hooked on spending and going further into debt, like a junkie on drugs. So many Americans have their hands out or work in government jobs. The democrats don’t want to cut social spending and the republicans don’t want to cut the military. When ultimately, it all must be cut to solve the problem.

    But that won’t happen and the inevitable is going to happen. Which is default and massive economic collapse. This country is done, stick a fork in it.

    All we can do now as individuals is prepare as best we can for when the day comes.

    (PS—I hope by you writing this article you are not on a government list Michael as a potential terrorist. Or me for my comments for that matter.)

    • bongstar

      its funny that you say like junkies on drugs! In Harry Dents new book The Coming Crash he Explains Keynesian Economics like an economy on crack. The first stimulus passed decades ago were like drinking a cup of Coffee, eventualy you have to drink two or three for the same efect, eventualy you move on to speed and eventualy crack then you must keep uping the dosage for the same effect untill eventual BAM! over dose and dead. this is the best explination of Keynesian economics that ive heard.

  • CAngel

    Michael, thank you for this excellent article. The Federal Reserve is really the core of all of our problems in America. There is an excellent movie on youtube called The Money Masters which brilliantly explains everything about the Federal Reserve and how it came into existance. This movie is long but it is worth it.

    • Michael

      CAngel:

      I agree – that is a movie that people should check out.

      Michael

  • vi

    Our talk will probably not hurt the FED. To shut down this banking cartel
    1) Support Ron Paul for Presidency
    2) Invest in physical gold and silver.
    3) Exit from bonds, 401K, stocks, etc.
    Then, watch this Ponzi fractional reserve banking scheme collapse.

  • Lennie Pike

    To answer the question in the article: “wouldn’t you like to be able to create money out of thin air?”

    Yes! “And what gives them the right to take my cigarettes and squeeze out a pack when they feel like it?!!!!!!!!!!!! I want something done!!!!!!!!!!”

    • mondobeyondo

      Actually, you can make your own money if you want to. It’s called “counterfeiting”, and if you try it, you could go to prison for a long time. The Federal Reserve is able to get away with it though. Wonder why?!?

  • Pat Henry

    Some things just make you want to go…AHHHHHHHHHH! But those that are awake have known this for a while, but this helps me with a single point of reference for some of my more dense friends.
    Thanks

  • Wilson

    What a rude awakening. I click on the article and the first thing I have to deal with is a picture of funny money Ben. Oh my, how gross. There isn’t enough coffee this early in the day to offset that mug shot.
    Excellent article, keep on cranking, Michael!!

    • Michael

      Wilson:

      I do get tired sometimes. :)

      Michael

  • karen

    You are so right Michael, they are nothing more than a scam, just to loot the world, and when they get through they will have looted everyone. I sure would not have anything in any bank, they are all connected, since we are in an inflation period, next and soon will be hyperinflation and money will become worthless, and you can’t eat money, your saving will be gone and all your stocks it’s all rigged. So PREPARE!!!! 10 YEARS TO SOON IS BETTER THAN 10 MINUTES TO LATE!!!

    • bongstar

      absoulutly correct! they are litteraly robbing the world blind through all there divices and tenticles like the IMF, the ECB, and the IIF. when thought about seriously it is sickening! it can realy bring one down to realize how awful and atrocious it realy is. litteraly gut wrenching.

  • Lennie Pike

    Your best article ever!

    • Michael

      Thank you Lennie.

      That is high praise coming from a long-time reader of the site.

      Michael

  • Syrin

    Thank you for trying to educate the unwashed masses (looking at YOU GARY).

    I am STUNNED by how little people know of the Reserve. Virtually NO ONE knows point #1. When I point out point number 4, I get laughed at. This is why we as a nation are doomed, imo. Epic ignorance, epic propagandized and brain washed neophytes who are filled with vitriol, but lacking any understanding of economic fundamanetals (looking at you agin GARY).

    • Syrin

      By the way, point number 4 can’t be under scored enough. It’s worse than that.

      The monetary supply has risen DRAMATICALLY under Obamugabe (happy GARY?). So where is the hyper-inflation? well, those dollars are currently being stock piled in banks or have washed ahore on foreign lands who are feeling the inflationary effects. Once the world stops using the US dollar as the currency of foreing exchange, those dollars come FLOODING home and we become Zimbabwe and the Weimar Republic overnight (look them up GARY). I mean literally over night our dollar could be reduced to being completely worthless.

      Prepare accordingly.

    • Gary2

      syrin-you are correct-I did not know everything about the fed that Michael so eloquently explained.

  • ukrworld

    Fantastic analysis of the Federal Reserve scams and unconstitutionality. You helped me so much to understand what is going on, Michael. Reading your daily articles is the best education on current economic/political/social etc. situation one can get. All the work of researching, analyzing, compiling it so that average person can easily understand and identify with. I just wanted to say, God bless you for all the work you do. I wish more people would listen, but even my own family is too dumbed down to stop and think. They don’t want to learn anything. They would rather watch stupid TV shows all day long and live a cozy life hiding in their shell. Thank you for your hard work, I only hope they will not shut down your websites because of their fresh paranoid control policies. Thank you for being a modern day prophet, if I may call you that.

  • mark

    Nothing is going to change. The spending might slow down a bit from where Obama and the Democrats are taking us if we have a change in power. Americans have lost the drive that made this country thrive. Many have become ensiaved by a government benefit. The schools pound into our future leaders brains that big government is good. Families expect the government to pay for all the care of their elderly. Since this is what America is about today, the voters will not elect small government types as leaders for change. We will have a few that will speak up, but not enough to make the changes we need to address. We should have listened to Thomas Jefferson and not allowed the government to borrow. Our government has been ruled by progressives for over one hundred years now and the slow changes they have made are crushing this once great nation. This change has happened slowly here in the past, like cooking a frog in warm water and slowly turning up the heat. Before you know it your goose is cooked. Well the heat has been turned to high by Obama and his crew and the best we can hope for is turning the heat back down to low. Has the pot been turned up so high that the control is broken and will always boil over? The progressives have made quite a mess and each time they throw more money into the fire more water boils out. In the end all of the water in the pot will be gone and all of us frogs will just burn up. There is another course of action that you might choose and jump out of the pot while you still can. Insulate your selves from the hot water by not depending on the government for your food. Grow a garden, can your extra for winter. Use your money to buy extra food, shoes, clothing, medicine, fuel, tools to protect yourself and any other supplies that you use. Be smart and buy this stuff when it is on sale for lower prices. Remember the Fed’s goal is to make everything that you buy more expensive. Their 2% goal is from a basket of prices. Translate that to mean the things that you will not need will stay at a lower cost and the things that you need like food will go up at a higher rate. The world’s need for foor is always going up but how many apple products do you need to live. The answer is zero.

    • wnettles

      What may be in order for this mess to come to a resolution is a “general strike” by all those who are left in the work force. Such an action, given sufficient time to take effect, would force the government to do one of two things: either bring spending within control and end borrowing, or, force martial law upon the populace, under the guise of a “national emergency”, which they have already passed the legislation to do. My guess is the latter. This would spiral downward into a civil war. Not a pretty scenario, but, may be the only way to take our country back from the tyrants who are currently in control.

      • mark

        I do not think an armed civil war will work today. The tech. of todays weapon systems such as drones would stop this in it’s tracks. We better pray that the police state does not happen.

  • Francis Flandro

    HOW SOME STATES DID NOT LEGALLY RATIFY THE 16TH AMENDMENT

    http://www.givemeliberty.org/features/taxes/notratified.htm

  • vincent

    Great article! You should also mention that the constitution says that only gold and silver are money.

  • jox

    Great article, full of reasoning, data and interesting quotes. After reading this I find very difficult that anybody can defend the existence of the Fed.

    • Michael

      Jox:

      That is very high praise. Thank you.

      Michael

  • Sean

    Keep it up. This is the kind of stuff that needs to be on the front page of every paper, talked about on every radio/tv shows. however the american people are a bunch of sheeple. Thanks again, and those who are awake are behind you.

    • Michael

      Sean:

      Thank you for the kind words. Hopefully we can get more people to wake up. Time is certainly running out.

      Michael

    • BenjiK

      Agreed. Now if only these articles could get a couple plugs from the Kardashians and maybe a mention on “Jersey Shore” would the masses begin to wake up. How sad is that?!

  • Matthew

    Excellent article! You’re doing a great service for the American people by helping educate them on the CRIMINAL enterprise that is the federal reserve.

    One of the best pieces I’ve seen written on the topic. Your passion to help “wake people up” clearly comes through in your writing. I’ve shared this far and wide across all of my social channels.

    The thought of one day being able to use debt free American dollar bills instead of Federal Reserve notes should be a goal all intelligent Americans push for by supporting the viral syndication of information like this.

    Keep up the great work. We must all remember:

    It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people’s minds.

    Samuel Adams

    • Michael

      Matthew:

      Thank you so much for sharing this article through your social channels. One of my goals is for these articles to be able to be used as tools to help people wake up, and when people like yourself take them and spread them around the Internet that is a huge, huge help.

      Michael

  • rrrr

    We need to stop thinking of this as an unintentional catastrophe caused by incompetence and begin seeing it for what it is, a war of destruction that is deliberately being waged against us, the chief weapon of which is economic in nature.

  • Pingback: WWIII – When You See These Things, Look Up! « L.A. Marzulli's Blog()

  • http://www.robbysworks.com Robert

    Michael, excellent work. Thanks.

    • Michael

      I am going to try to write about the Fed more than I have been.

      Michael

      • bongstar

        awesome article Michael! and i can imagine that you feel like you just gave birth but i know that at the same time you know you didnt cover evean a percent of the atrocites theve commitetd and the facts that prove it, hence the “im goingto write about the fed more than i have been” the more people that know of these treasonous theifs the better off we are as a nation.

  • karen

    No way of stopping leak of deadly new flu, says terror chief
    US biosecurity board expert warns against details of H5N1 bird flu getting into wrong hands

    • mondobeyondo

      That would be bad news for my cockatiels…

  • Gary2

    My biggest disappoint­ment with the Obama administra­tion is it’s cozy relationsh­ip with the financial industry. It started with his poor choice of political appointees­, reached a head when his administra­tion sought forgivenes­s for the banks, and now continues with this token foreclosur­e settlement­. This is a hard pill to swallow. Too bad the political opposition is even worse.

    Cut/paste from huff post but it articulates how I feel.

    • mark

      Gary2, it is nice that you are begining to see the light of day. None of those in Washington want to give up power. Keep on learning and you might just yet seek freedom over more government control of our lives.

    • BenjiK

      We can argue all day about progressives and conservatives, but it goes to show that the elite ALL play for the same team in the end.(fed/banks) You ever see Boehner and Biden interact on a personal level? They seem like old college buddies. The leaders and candidates from the right AND the left tell the masses what they want to hear, but as we all know, actions speak louder than words.

      We as a nation are deeply divided by opposing political views, however, the biggest threat to the corruption that comes out of D.C., the big banks and the fed would be for us as Americans to find common ground and call these fools out. Hope things are going well for you and your family G, peace.

    • Rodster

      The political system has devolved into Diet Coke vs Diet Pepsi. Both parties are a sham.

    • bongstar

      obama and every president since woodrow willson is owend by the FED. The fed litteraly writes there checks. Republican and dems are both owend by them. now I dont think we should tax the rich i think we should take The Fed out who has stolen our nations wealth wich would be a proper redistribution through the dollar regaining its value. The Dems keep up the uncontrolable unsustainable spending so we stay indebt to the Fed and the Republicans cut and controll it to keep it somewhat ustainable to make sure they keep there money coming in. bith wok for them. dont be fooled.

    • McKinley Morganfield

      Obama is a product of the Chicago Machine, the most corrupt and nepotistic political-criminal organization in the country outside of DC. That is where he learned his chops. That is the organization that first put him in the Illinois senate and then the US senate. It is a machine that has been in cahoots with large banks, large corporations, and major criminals organizations dating back to prohibition. How could this have escaped your notice back in 2008 if you were interested in doing due diligence before voting for BHO? (You strike me as someone who should be voting ‘green’.)

      BTW I’m no fan of the republicans, but the democrat politicos are far more entwined with “big money” than the republican politicos. When you believe in things you don’t understand: http://tinyurl.com/cpyhlq

  • karen

    Dick Bove On The Foreclosure Settlement: There Is No Sanctity Of Contracts; Only Fools Meet Their Financial Commitments
    Submitted by Tyler Durden on 02/09/2012 11:44 -0500

    Dick Bove Rick Santelli

    In a moment of surprising clarity this morning (or perhaps driven by simple ulterior motives as his favorite bank may well be unprepared to cover even this moderate cash payment from existing reserves, as we warned back in January) perpetual bank optimist Dick Bove had some harsh words for the now finalized bank settlement, which he called the “mortgage deal from hell” – “Those people lucky or smart enough to stop making payments on their homes may get their loan balances reduced. Other beneficiaries of the agreement may be homeowners who have seen the value of their houses drop below the size of their mortgages. They get a freebie that other homeowners who have paid their mortgages down will not get….Homeowners who made large down payments on their homes or made the terrible mistake to pay down the principal on their mortgages do not qualify. Homeowners who made minimal or no down payments will get the windfall benefit of a lower principal repayment or a cash payment.” And the true bottom line: “There is no sanctity of contracts in the United States. Only fools meet their financial commitments. The non-payers are the truly enlightened.” And that is the summary of modern US society in a nutshell, and explains why despite all the deleveraging, inflation still remains a potent threat as the bulk of a household’s mandatory continues to be merely discretionary, with everyone else footing the bill. Finally, as Rick Santelli pointed out subsequently, the banks are paying for this settlement using cash proceeds from previous bank bailouts which have not yet been paid out. So to be even more blunt than Dick and Rick -the US taxpayers bailed out the banks, which are now using the balance of said proceeds to pay a settlement which amounts to the tune of $2,000 per every person foreclosed on in the past 3 years, in order to assure their vote for Obama, while in the process trampling contact law, as no longer will anyone in America honor anything printed and signed.

    ZERO HEDGE

  • D&G

    reprint in full allowed with full attribution and links?

    • Michael

      D&G:

      Yes, I always grant permission to reprint these articles in full. The more people that see them the better.

      Michael

  • Brian

    Michael, thank you for publishing these articles. I have been reading them for a few months. Although some would say you focus on doom and gloom, it seems to me you publish them because you care about about others to warn them.

    Just a little interesting factoid. around the last quarter of last year when searching on google econcomic collapse was the second to last keyword on google, now it is the second when you type in economic and leave a space. I’m not sure if the list is by rank but if it is, it is showing more people are noticing.

    • Michael

      Brian:

      Yes, the goal is to not get people scared. The goal is to help them prepare for what is coming.

      And thanks for that factoid. Over time the impact of this site continues to build.

      Michael

  • Old Man

    Actually there are 11 things. You missed this one Mike:

    11. The Federal Reserve is monetary monarchy. It cannot be removed by the government. It is above government. It oversees everything in America, and control all things monetary. This is why it is outside of the government. It IS its own government.

  • Antonio Gonzalez

    Financial industry is America, and we must eat FED forever.

    You remember Greenspan is ********************.

    And now he is only a stupid clown.

  • Michael V

    Great article Michael. Out of mere curiosity, I compared maps for the 12 regions of the Fed Reserve with the 10 regions for FEMA. They are strikingly similar. I found the maps at these websites.

    Federal Reserve:

    http://www.mybudget360.com/federal-reserve-system-12-regional-banks-with-1-central-power-base-the-new-york-fed-over-70-percent-of-assets-with-new-york-fed/

    FEMA:

    http://www.uaff.us/femacamps.htm (You will need to scroll about a third the way down to see this map)

    Its just wild speculation, but is there any connection? I fully realize that FEMA is part of Homeland Security, but its interesting none the less.

    • Michael

      I had never thought about that.

      Could there be a connection?

      What does everyone else think?

      Michael

  • joe

    For a look on who was involved and why the Federal Reserve was created, see the book “The Creature From Jekyll Island” by G. Edward Griffin. An eye opener!!

    • bongstar

      already have! the most eye opening thing ive read in my life. ive read it twice and refer to it often. i also suggest for every one to read it.

  • mondobeyondo

    “According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress has been given the responsibility to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

    By that very definition alone, the Federal Reserve is unconstitutional.

    • Michael

      I wish more people would see that Mondo. :)

      Michael

  • BenjiK

    Q: What does the the head of the Federal Reserve and a meteorologist have in common?

    A: They are both occupations where you can be wrong 90% of the time and still keep your job.

    • Michael

      LOL nice one. :)

      Michael

  • Buzz

    “Instead of issuing money directly, the U.S. government lets the Federal Reserve create it out of thin air and then the U.S. government borrows it.

    Talk about stupid.”

    That really made me laugh, but it certainly the core of the problem. Excellent article. I hope that it causes more people think about the debt-money system that we are run by a criminal cartel. It doesn’t have to be like this. We’ve duped by criminals who use their money to distract us and keep themselves out of the news. 95% of the news is fake. Glad we can come here to read some decent info!! Thanks!!!

  • Kelly

    I have a question that you don’t have to post unless you think it’s relevant… it’s more of a sight thought regarding all these ‘powers that be’ that are manipulating our economy etc… If there are people out there in the Fed and Soros and Hedge Funds and big players who can basically affect the stock market turning our life investments into nothing… and everyone talks about prepping and buying Gold… Couldn’t those same “powers that be” manipulate gold prices as well so that all this gold we are hiding under our pillows will seem to be worth so much, but once they pull out it all of the sudden becomes worthless…

    Can’t these evil-doers create laws to come to your home and confiscate your gold or “fine” you if caught buying/selling gold, etc… you know, find ways to remove that aspect of wealth from each of us as well. I mean, is there really any safe haven for us? Everything seems so vulnerable. Heck, even food storage… who’s to say “Preppers” are defined as ‘terrorists’ and suspected preppers homes are searched and food storage confiscated, etc??

    I mean, I know I seem like I’m flying off the handle here, but I mean, all this talk makes you think about any scenario and how can “they” take it away from you.

    Is gold even a safe thing to own?

    • bongstar

      Gold is a mixed bag my freind. It has been illegal for american citizens to own on differant occassions in history and could possibly be again. They do mark and track bullion purchases but not nessicarily necklacess and so forth. But again if the dollar completely tanks gold and silver will still maintain a value for trade it might not be worth what you spent on it but it will always be worth something as of opposed to the dollar that will one day be worth nothing. so it is smart to diversify into it but i suggest non bullion forms. And in my oppinion soros is an insider that works as a scape goat for the Banksters. though he has his own agendas they use him to point the finger at, he moves the market in a direction through inside info where he profits they profit but he gets the blame. he is a evil sociopath.

  • Astounded

    The Federal Reserve proves that medieval alchemists were on the right track by trying to create gold out of lead.

    Today, ‘gold/money’ is poofed out of thin air.

  • http://linkedin.com/in/jakeryan Jake Ryan

    Now I know where to do to explain to people why the Fed is not a good thing and not doing things in the country’s best interest, but in the banking industry’s best interest.

    Do a search on YouTube, keywords: Kubrick’s Gold Story… :)

  • D&G

    i’ll try again.

    requesting permission to reprint in total on another forum with links and attribution please…

    • Michael

      D&G:

      I always give permission to totally reprint these articles on other forums and websites.

      Michael

  • Orange Jean

    Michael, thanks so much for the article. Excellent work!

    • Michael

      You are welcome Orange Jean. :)

  • Kevin2

    Gary2

    The effects of that cozy relationship extends beyond refusal to rein in and effectively regulate that industry. Their control extends beyond banks through the entire economy. Their impact direct and indirect has negatively effected middle class America.

    Consider the Presidency compromised with the campaign controlled with far too much money involved and focus on primaries of Senators, Congressmen and quite importantly State Elections.

  • Liquid Motion

    Thankyou,
    Someone has finally satisfied my request.
    This investigation needs to go further though.
    Put some faces (& names) behind the Fed.
    This will be absolutely draw dropping for most to see where the real power lies and who in fact controls the monetary system.

  • Piglet

    “We don’t need to have a centrally-planned economy. We aren’t China.”

    How ironic that our supposedly free market economy (ha!) relies so heavily on massive loans and inexpensive products from that very same China. The irony is overwhelming.

  • xander cross

    So the question is simple. Who owns the federal reserve?

    • bongstar

      I dont know them by individual name seeing that its not public knowledge, But JP Morgan,Citi bank, Goldman Sachs, Bank of America, wells fargo And Khun and Leob are share holders.

    • enzo3003

      owners of the FED:

      La Banca Rothschild di Londra
      La Banca Warburg di Amburgo
      La Banca Rothschild di Berlino
      La Lehman Brothers di New York
      La Lazard Brothers di Parigi
      La Banca Kuhln Loeb di New York
      Le Banche Israel Moses Seif in Italia
      La Goldman, Sachs di New York
      La Banca Warburg di Amsterdam
      La Chase Manhattam Bank di New York
      (Riferimento 14, P, 13, Riferimento 12, P, 152)

      controllers of the New York FED District Bank.

      First National Bank di New York
      James Stllman National City Bank, New York
      Mary W. Harnman
      National Bank of Commerce, New York
      A.D. Jiullard
      Hanover National Bank, New York
      Jacob Schiff
      Chase National Bank, New York
      Thomas f: Ryan
      Paul Warburg
      William Rockfeller
      Levi P: Morton
      M.P. Pyne
      George F. Baker
      Percy Pyne
      Mrs.G.F. St. George
      J.W. Sterling
      Katherine St. George
      H.P. Davidson
      J.P. Morgan (Equitable Life/Mutual Life)
      Edith Brevour T. Baker

      you can also check for more recent updates…

      be happy
      enzo

      • vito

        Your are 100 % correct,….read this many times on different publications.
        Americans …wake up…..again wake up.

      • bob

        enzo3003
        I believe that these are the original owners from the 1920’s.

    • enzo3003

      also:
      Submitted by truth supporter on Sat, 01/03/2009 – 14:07
      in
      Daily Paul Liberty Forum (ron paul forum)

      “The Primary Owners of the Federal Reserve Bank Are:

      1. Rothschild’s of London and Berlin

      2. Lazard Brothers of Paris

      3. Israel Moses Seaf of Italy

      4. Kuhn, Loeb & Co. of Germany and New York

      5. Warburg & Company of Hamburg, Germany

      6. Lehman Brothers of New York

      7. Goldman, Sachs of New York

      8. Rockefeller Brothers of New York

    • Steven

      the Global elite, the ones who control every aspect of our lives. wake up

    • John Long

      Andrew Jackson had very similar statements concerning the Central Bank of his day. All on has to do is look at who drafted the make-up of the Federal Reserve. Men were under the control of John D Rockefeller and J.P Morgan. Sole purpose is to privatize profits and socialize losses. Freedom from failure for the 1%.

  • Kimberly

    Again.. You rock mike!

    • Michael

      Actually when I was a little kid I wanted to be a rock star when I grew up.

      True story.

      Michael

      • Gary2

        I knew that was you in that picture a few posts ago. You have that Billy Idol look!

        • Michael

          No, that was not me in the picture. :)

          Michael

  • Jophiel

    Are the share holders known or are they as invisible as the illusion they create?
    Also, is it true that for every dollar the Fed prints the government has to pay them a small percentage? If it is true what creative way to pay one’s self for creating something from nothing and then getting paid to do it.

  • angry wombat

    Anybody that would like to learn more about the inherent evil of the FED, read “The Creature from Jeckyl Island”, I believe the authors name is Griffin. Lays out the conspiracy from the beginning. It will make you very angry.

  • http://thedollarcollapse.blogspot.com/ Vince

    The Obama administration has admitted that they are going to KILL the US Dollar. Watch the second video on this blog: thedollarcollapse.blogspot.com/

  • md

    Great articles! I share them with my email friends, business partners, and on Facebook. Thank you!

    • Michael

      Thank you for that md.

      Sometimes people ask what they can do to help, and that is one of the biggest ways that people can help to get the message out.

      Michael

  • http://livejournal.com canobs

    No more crisis or wars with a public central bank, the application of the social-credit system of the economist Clifford Hugh Douglas___Plus the application of the Tobin tax on all market transactions___Limits on the salaries, bonuses, commissions, of the banksters, traders, lobbeyists, brokers, administrators of multinationals___ Prohibition of the fiscal paradises, hedge funds.

  • http://livejournal.com canobs

    There is TWO kinds of democracy,___ the REPRESENTATIVE or Fake American style, like imposed in Afghanistan and Irak, run by installed Oligarchs and puppets___ And the PARTICIPATIVE, with citizens committees (regional and/or municipal) participating in all important government decisions, including military and proposing candidates for election.

    • McKinley Morganfield

      9th: The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.

      10th: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

      If we followed the Constitution, local and/or state governments would be the vehicle for “participating in all important government decisions..”

      That is the problem.

  • bertaggle

    you forgot to list ge and mcdonald’s as recipients of bailout money. ge would have gone belly up w/o it…they still may…and macs didn’t need it.

  • Kyle A.

    Michael,

    I have been sharing your posts and linking to this website as much as I possibly can through my facebook and twitter. The general population is so unaware about all of this due to lack of media coverage. I don’t get many “likes” or retweets, but I feel that hopefully people take me seriously and not as just some crazy nut that thinks were all screwed…even though that is the cold hard truth. I just wanted to say thanks and keep up the great investigative reporting!

    • Michael

      Thank you so much for doing that Kyle A.

      When things start floating around on Facebook, a lot of “sheeple” do take notice.

      Michael

  • Kerry

    Michael, This was a good read although I was already aware of their machinations. Shared it with facebook and friends. With NDAA and the proclivities of our dear leader, I will be hoping for your safety.

    While I agree with some of the posters here, most aren’t approaching this situation with anything near the appropriate concern they should. We, as a nation, are on the verge of being a footnote in a history book.

    I fear for anyone who is posting anything on the internet in blogs like there, including myself. If any who are participating here or elsewhere have not left instructions with someone of what to do should you happen to go missing, you really ought to do so. Extended detention, while meaning I get early retirement, really doesn’t exemplify what I was thinking were going to be my golden years.

    Good luck to us all, never surrender.

  • Ken nohe

    Good and interesting article!

    So although it may not be the right place to discuss it: What is the alternative?
    No Fed?
    Well yes but then the government will spend like there is no tomorrow!

    The Fed was created because people understood that we could not trust the Government (and because bankers wanted to put their hands on money creation) So the Fed should also be independent from bankers? Sure, but in the end it will necessary be controlled by someone and that someone is usually the most powerful people at a certain time. This unfortunately will not change.

    Wat is going wrong right now is not the Fed, the government or the market, it is the balance of power which has been skewed. I am not sure at all this can be fixed easily. A few decades ago citizens might have, at least tried to do something about it but today’s consumer will not. The Superball is over, the primary circus has started, they will have coke and fries with that!

    Our problems are complex but people can only vote (and maybe understand) slogans. -Yes we can!- sounded great. The second half for America? Sure! Let’s the show continue: Bread and circus they were saying 2,000 years ago!

    • bongstar

      Actualy the govornment is only supose to control the weights and measurments and coin the coins. And yes the nation lived before the Fed and can after it. As ive said you couldnt just shut them down, that would be a train wreck. The first step to ending the Fed is to repeal legal tender laws, and allow other forms of currency to compete with the Feds funny money, like gold and silver coinage, this would slowly take the power from them until they self implode, under there own fraudulent practice. of course theres many other steps but this is a healthy begining.

    • mondobeyondo

      If there were no Fed, and if we were still on the gold standard, the federal government would actually have to spend within its means. (What a concept!) The federal budget would be balanced. All of us “little people” would be much better off. It won’t happen though. We’ve gone too far down the road to oblivion.

  • http://thegreatpurification.wordpress.com/ Eamon

    Some good stuff, but…

    I’d appreciate it if people would stop calling Bernanke & Co. “incompetent.” Nothing could be further from the truth. They are highly-intelligent, very capable men following a brilliant strategy and lying as easily as normal men breathe. Calling them incompetent is not just incorrect, it pretty much guarantees that people will continue to fall for their lies. Part of justice is giving credit where it is due, even when it is due to our enemies. Underestimating them has played a big part in bringing us to our present trouble. These men are not good-willed bunglers; they are sociopaths hell-bent on subjugating the entire world to their insane designs. While they are not invincible, they are not incompetent. Godspeed.

    • bongstar

      I agree 100% these people arent incompetent! They are evil geniusis. We think they fail because there policys are bad for us but actualy they are very very good for them. They are the most evil and treasonous bastards that ever steped foot on the planet. I now i cant judge but i can see the flames around them when they talk, i feel the presence of the devil when they utter there lies and i know they will burn in hell.

    • Sandy the Swede

      I second your point, Eamon. As a retired banker, I can state with some authority that Bernanke and Company are not incompetent. They have made the moral decision that the ends justify the means, i.e., it’s Ok to lie because it’s for their (the sheeple’s) own good. Of course they know what they spout is **************. Do you think that so many could lie like this without a majority becoming institutionalized? IMHO, most Americans will continue to accept their lies until the checks stop coming and American Idol is cancelled. I thank Michael for this excellent article. Will it reach enough people and, most importantly, will they care? I will do my part. To give up means that the bastards win.

  • Edmund

    I am not political scientist, but some 30 years ago, I discovered a law, which says: A society deserves government it has. The reason for this is, that any given society is a heard of sheep, which is interested only in eating, drinking and **********. People get interested in politics only when they have nothing to eat.
    And the ruling class know it.

    • wnettles

      As you correctly stated, when the food runs out, people become interested once again in what makes their world tick.

      This may happen sooner than you think. In order to reduce world population to a “manageable number” (at least according to those in control), starvation, disease, and war will be necessary to bring about the “change” that is planned.

      Hope yall can remember how to grow food. You will need this skill to remain alive in the near future.

      • prezOworst

        Agreed

        • Sowrabh Behl

          Triple agreed.

          I’ve built a aquaponics system based on this fact alone.

    • Kevin2

      Edmund

      Absolutely true. The revolutions that ushered the USSR in and out were food related. King Louie and Marie lived to regret, “Let them eat cake”. The Romans masters at controlling slaves coined the phrase, “Food and Circus”.

      Einstein said, “An empty stomach is not a good political barometer” . In my opinion either is a full one.

      As annoying as it may be for the most part people just don’t care.

  • Ray

    AMERICA PLEASE WAKE UP!!!,You need to listen to Ron Paul,the Fed Reserve is not a pro american institution but a international cartel bankgters,
    yes like the gangsters,with the difference that these ones work behind the scenes in secret.They
    are the ones that control the money in this country, I think is hard to wake them up with so much chemicals in the food supply:aspartame,msg, dental mercury..?????

  • Greg Matre’

    THE FEDS ARE RUN BY CONGRESS…

    • Lennie Pike

      Yeah right.

  • Georgiaboy61

    Re: “People get interested in politics only when they have nothing to eat. And the ruling class know it.” Edmond, your observation is right on the money, no pun intended. It has been said that the price of liberty is vigilance, but one could also add hard work, for living as a free man or woman takes hard work… and I don’t just mean the “grab your lunch and head out the door for your job” variety, but the willingness to study and be informed about government and those who would rule us, and the willingness to think long and hard about the meaning and practice of free republicanism. Sadly, too many Americans are no longer up to the job. They no longer know, or care to know, their own history, economics, political philosphy, or any of the other things necessary to live in freedom.

  • Gary2

    From the bible-why God says tax the rich and spread the wealth:

    -You cannot serve both God and money…

    -Love your neighbor as yourself…

    -Do not store up earthly treasures…

    -Give your cloak also…

    -For I was hungry and you gave me nothing to eat…

    -What you do to them you do to me…

    -It’s nearly impossible for a rich person to enter the kingdom…

    -If you want to be perfect… sell your possessions and give to the poor, and you
    will have treasure in heaven…

    -Do unto others…

    As I see it when I say tax the rich and spread the wealth I am following Gods command and at the same time saving the rich folks soul to boot!

    I got some of this from a comment on onpoint radio.

  • SubVet

    Although the “Federal Income Tax” was started officially in 1913, they had to wait until that generation died off before changing it to what it has become…

    It was a slow and gradual transition through deception under “color of law”.

    http://www.taxhistory.com/timeline.html

  • http://TheEconomicVoice Gregge Johnson

    MY mother in law worked at the pentagon and I have spent the last 40 years of my life explaining this AS the awnser Who owns the federal reserve? 4 men are of jewish heritage,, 1 is from hong kong,, 2 muslims from sadi arabia,,, and the cathlic church empire owns 40%

    • minoo

      Do you know who they are? Can you tell me? I am just curious.

  • http://EconomicCollapse Already Gone

    If Anybody is interested in knowing alot more of who is behind the federal reserve check out this website it is outdated but has alot of interesting info. http://WWW.apfn.org/apfn/fedreserve_.htm

  • http://EconomicCollapse Already Gone

    After reading this article i strongly recommend everybody read it if true it is exactly whai the author of this blog has been talking about

    • Paul Wachtler

      Hey Already Gone, I tried this site but it may have been taken down! P.

  • David M

    So, the system has been rigged for a long time. Well explained for the masses BTW.

    Two questions…
    1) How many people are in the upper echelons? Many working for the Federal Reserve in all the small jobs (janitors, etc) must be clueless about what the outcome will be. Otherwise the truth would get out.

    2) We know that other countries are backing towards the door, getting out of the Dollar. Which might lead towards the supposition that there isn’t a global plan. They aren’t going to take the hit. OR does it support the theory that there is a plan to ruin America? Russia, China, Saud, would get out whether this is planned or not.

    My hope is that there’s just too much greed and corruption and we logical humans are looking for conspiracies when there are none.

  • Michael

    I read somewhere that the Fed could not directly buy gov’t debt. It buys up banks’ junk investments, and the banks use the free money to buy gov’t debt.

    Does anyone know if this is true?

  • Paul

    Sorry guys, it is the government that spends the money. If the government would not spend more than it got, there would be no debt crisis.

    Who is the government?
    Who are the lobbyists?
    How are those people elected?
    Whart criteria are put on senators? Big mouth? Good sales person? Rich? Responsible?

    Every people has the government it deserves.

  • David Forde

    Sadly Edmund is very correct. The majority of people will have NO interest until it is to late!

  • Ralphieboy

    Only two years ago did I begin to fully understand the scam and structure of the Federal Reserve, and I am a guy who studied economics in college and who presently runs a successful international business . That’s pathetic. Better late than never. And aside from Ron Paul, name any other politician who even raises any discussion of this inherent evil. As long as these oligarchs remain in control, and as long as the sheeple permit the continuance of the greatest scam of the ages, we nave no right to claim we are living under a constitutional republic. That ceased to exist in 1913. Problem is, the bread and circuses have been , for the most part, pretty good since then, so nobody has paid much atention, so shame on us. An economic collapse may just be tbe thing we need to wake us from our shameful stupor.

  • Greg Bays

    Search “Making Friends Through Ron Paul” on Facebook Groups and join the American R[ƎVO˩]UTION! Ron Paul 2012!

  • a viewer from germany

    We in Germany are also aware of this ponzi- scheme of Banksters. more and more people realize the facts. In Greece they now burning the greman flag, dont knowing theat we are in the same boat (the normally people). We also know that the greece people had no benefit at all, just the corps and the banks. we are VERY concerned about the fascist regime in the US now, they occupy your land now via new toll road systems, cameras and so on. if you didnt support ron paul, i think this will be a devilish new world order with sharia hangmans for those who resist the globalization. We are watcher in the Ring (like Iron Maiden sung it in “revelations”). For those who reckon… will it be someone from the royals? who owns the fed?
    it can be 2033… watch, read and pray to the lord. greetings.

  • Lennie Pike

    The alternative is in the U.S. Constitution – Section 1, Article 10.

    It used to be mandatory reading in public schools.

  • JDubya

    Having the Fed in control of the money supply is vastly better than having it in the hands of the Treasury. The President through his puppet Sec. of the Treasury (Geithner) would be able to fiddle with the money supply for purely political reasons.

    I urge all the read the linked CNBC article that Michael refers to. The article concludes that the Fed isn’t perfect, but it happens to be the best system thus far.

    • Lennie Pike

      “vastly “better” ??????????

      We can’t vote out the Fed.

      We can’t vote out the Congress because we can’t vote out the Fed.

      If Congress controlled the money, the Fed would not exist and we could at least then vote Congress out of office.

      If the money unconstitutionally remained fiat, economic problems would still be terrible – you’re correct, but where you’re wrong is that it would still be better than with the fiat money controlled by the Fed because the Fed is evil and they’re on a mission – a mission NOT from God.

      • Lennie Pike

        The solution is Section 1, Article 10 of the U.S. Constitution.

        I hate it when people say that Congress would do no better than the Fed with the same fiat money system, when it’s obviously the fiat money system that causes the destruction. That observation always seems like an intentional effort to confuse.

        GOLD, SILVER, NICKEL, COPPER, ETC.

  • http://DailyCrux bill porter

    The United States Bank was the predecesor of the Fed.
    Andrew Jackson, a populist if ever there was one, understanding the nature of the beast, vowed to, and succeeded in, killing it; consequently, the American people were left free from this parasytical monster for over 80 years- a period that witnessed the greatest increase in the standard of living for ordinary people the world has so far experienced. It wasn’t a coincidence.

  • Bill

    Come on people FIGHT FIGHT FIGHT for our America.

    Let this article be the spark that lights your fire. Tell all you know. Take a stand. Don’t be afraid to say you are in the fight.

    PLEASE TAKE ACTION DON’T JUST COMPLAIN

    • bongstar

      apeal to your congress men and representitives to repeal and out law legal tender laws!!!!!! this is the only realistic way to reign them in.

      • http://N/A Gootman

        I think you are an intelligent person,irregardless of gender,but I can tell
        that you really are a Bong Star.

  • Bill

    FIGHT FIGHT FIGHT FOR OUR AMERICA

    Here is more info on the frs:
    Hhttp://www.msnbc.msn.com/id/21134540/vp/40460021#40460021

    PLEASE TAKE ACTION DON’T JUST COMPLAIN

  • Rodster

    So Warren Buffet the 0.5% a liberal democrat, Obama supporter made $154 MILLION from the Gov’t’s mortgage settlement. The rich get richer and they are Dems !

    “Buffett’s Bank of America”
    http://freebeacon.com/warren-buffetts-net-worth-jumps-154m-thanks-to-mortgage-settlement/

  • http://goto.glocalnet.net/pdn/ Per-David Nygren

    Amazing how so many people can´t see the forest before the trees.

  • http://graysinfo.blogspot.com Stephen

    I believe we are being set up for World Government, and One Currency.
    read below.
    The World Banking Politburo
    By Stephen J. Gray

    ‘I believe the world is ready for a shift to this more “systemic” vision of IMF surveillance’ [1]
    “Address by Dominique Strauss-Kahn, Managing Director,
    International Monetary Fund,
    At Bretton Woods Committee Annual Meeting
    Washington D.C., February 26, 2010”

    It would appear from the words of the former managing director of the IMF that the world is prepared for “ IMF surveillance.” The IMF is funded by tax-payers dollars from various countries, so one wonders when did the people anywhere decide that unelected bankers should be watching over them? Especially when it was out of control bankers that caused the financial crisis and then were bailed out by tax-payers dollars. Are we the new tax paying slaves who need to be watched over by bankers who operate in the global markets?…
    read full article at link below
    http://graysinfo.blogspot.com/2011/08/world-banking-politburo.html

  • Len

    Indeed, the FED is the biggest problem facing all Americans. It is ten times bigger than all other big issues combined. It no longer takes a rocket scientist to realize that our politicians are terrified with what the “financial elements in the larger centers” (see FDR letter to Edward Mandell House; 1933) can do to force all politicians to do what they are told. Libertarians, Independents, Republicans, Democrats, no matter what the background, they all learn that their political future hangs in the balance depending the scope of their attacks on the FED, or the level of co-operation delivered. There is only one way a candidate like Ron Paul to become President, and that is for the 99% to finally come together and rout the Multi-Headed hydra off our land.

    JFK really threatened these
    “financial elements” when he tried to create real money, with EO 11,110, and if you are willing to analyze his life, in perspective, you must realize that the Military Industrial Complex, along with virtually every branch of government is still owned by the identified “financial elements in the larger centers” and it will stay that way until we find enough patriots in Congress to fold the FED into the Federal Government where it will then have the power to create money that is free of debt, and our citizens will finally be free of slavery, as was intended since 1776. For conclusive proof, see http://liberty-tree.ca/research/Billions.for.the.Bankers (copy and paste the link)
    If you have anger management problems, let someone else read this discussion for you and then brief you on its content. In simple words, this pamphlet spells out the biggest menace facing our nation and offers a way to solve the disaster once and for all. We must now answer the question, do our soldiers at war really fight for our freedom, or are they “patriotic” mercenaries helping the global “financial elements in the larger centers” maintain their stranglehold on a globe that cries for a chance to find jobs and be free again? This year will tell the tale. I surely hope it doesn’t have to get ugly as these powerful forces rattle their swords in an effort to replace every leader who is not buckling to their tune. Hey, have a nice day. OK

  • Phoenix

    Thomas Paine, an American patriot, wrote “Common Sense” during the revolutionary war . This pamphlet roused Americans to discover the philosophical case for revolution and freedom. Jean-Jacques Rousseau laid out principles in his Social Contract of the ideal society and how we could achieve governance that best suited the needs of the entire populace. The Declaration of the Rights of Man were laid out prior to the French Revolution that specified exactly what was expected to result after the tyrannical monarchies are abolished. Isn’t it time for a 21st century manifesto that follow in the footsteps of the Declaration of the Rights of Man, of Common Sense, and of the Declaration of Independence? Isn’t it time for a second Enlightenment?

    Every couple of decades, a cause arises to stir the people in the ever perpetuating battle of tyrants over freedom and every couple of generations a cause so large emerges that entire paradigm shifts are brought about by the people, led by those with drive, creativity, and vision. Today, those tyrants are the perpetuators of our faux-democracy and their economic tyrant counterparts-the banking elite, both inexorably and perpetually advancing no other agenda than developing an ever-growing disparity of power and wealth. Slowly but surely, and ever more quickly, they erode all progress made by the revolutionaries of past that fought to overthrow the aristocracies, monarchies, and religious oppressors of the time.
    We are still part of the constant struggle of the General Will of society- a drive to progress the well-being for all of society, with the Particular Will- the drive to progress one’s own well being, even at the expense of others, and of society as a whole. Today, the vast majority of our politicians are driven not by the sincere need to better society, based on a value system of rationality but by their hypocritical allegiance to their selective constituents at the expense of society’s welfare. The banks- the financial circulatory system of our economy, are run not by those who wish to create an economy most conducive to the nation’s well-being but by those who run private industries that wield the power to manipulate the movement of money. When selfish people are in an industry that allows a concerted funneling of money into their pockets, what outcome do you expect? And no less, when these same institutions are backed by the very government that was founded to be one by the people and for the people, there is nothing other than absolute proof that corruption by any means have utterly destroyed the visions of the freedom fighters of our ancestors’ time. Society may always evolve towards higher and higher ends, but only when there are ample counter-points to the aspects of the society that are flawed. The greater embeddedness of the problem, the greater the counter-force necessary to root out the problem, until there is nothing left but revolution. Are we at that point yet? You decide. But are we even at close the momentum needed to provide true change? Without the possibility for debate, we are certainly not.
    So, at what point are we in this movement?
    The time where only the most dedicated are left, the point where the synergy of our most meritorious will effectively culminate into the next phase- the phase of leadership, the phase of vision, the phase of philosophy, the phase of change, the phase of the movement!

    Thus far, we have been successful at creating awareness of the general problem, and have inspired an entire generation to realize that our society is built to benefit the absurdly small minority of the population and that this must be changed for the sake of the advancement of civilization itself. We have been experiencing none other than a devolution into the aristocracies and despotic governance of the past- the very forces we transcended that arose into the Enlightenment.

    Now, Phase 2!

    Like Thomas Paine, Robespierre, Thomas Jefferson and the other brave freedom fighters of revolutions past, we must not only look to changing a regime (or a president) but look to the future, to higher heights, to a greater fulfillment of humanity’s potential by assessing the flaws of the status quo and through a dialectical debate, philosophy, and creativity devise a new system, one more perfect than the last. Don’t fall prey to the psychological manipulation that our elections provide the sufficient change we need. It is the very system that the elections are built on that must be changed. We must transform the fundamentals.
    I, the writer of this pamphlet can provide some ideas to begin with. But what needs to happen is this “leaderless movement” needs to develop not a single leader, but an entire collective of leaders. A movement of followers raises awareness. A movement of leaders changes everything. How can we become a movement of leaders? Write more pamphlets. Don’t just say “down with x” or espouse blind revolution. Let’s utilize the most potent force for change- the dissemination of ideas. Let’s do the most daring thing of all and not just elect representatives in our system, but actually change the system itself. Which of you reading this is a Rousseau or a Jefferson? Who of you will rise as a hero and change history?
    Let’s use crowdsourcing as well as the scientific method to discover what works based on a value system of rationality and the General Will. Both have proven effective in bringing change to technology and academia but have never been applied to governance and economics.
    Capitalism brought us great prosperity by empowering individual entrepreneurs to utilize their hard work and creativity to create solutions to needs, creating jobs and progressing technology. While these positive traits allow the fulfillment of entrepreneurs and incentive system for effective production, this ideology in pure, blind form has no impetus to treat people as human beings but merely as commodities. Completely unfettered, the impetus for few to enrich their power disproportionately lead to a highly stratified society of a rich upper-elite and the working masses with the exponential function of money begetting more money, as eventually all wealth is funneled upwards.
    The counter-point- Communism- was devised by Marx as an ideology directly concerned with addressing these issues and providing the so-called remedy. The outrageous fallacy in this ideology is that by denouncing it outright society would rise to higher fulfillment of humanity’s potential. Reversing the aspects of capitalism that are negative is absolutely necessary, but by denouncing it utterly, the positive parts become casualties- the freedom of entrepreneurs to empower themselves to invent, produce, create, and trade. Consequently, communism is plagued by cronyism and a stagnancy, eventually succumbing to the arbitrary whim of tyrants and an almost religious zealotry toward the State, (which is in the same category as monarchies, aristocracies, oligarchies and oppressive religion as enemies of freedom)
    Therefore, we see in history dialectic. Thesis-Antitheses. The answer lies not in nuanced changes in either, but in an entirely new model outright- a Synthesis. The best, most effectively run and legitimate government is a government of Meritocracy. Cronyism, nepotism, faux-elections are all enemies of legitimate government.
    The markets consist of businesses and individuals providing goods and services that fill a need in society. When the economy itself is hijacked by money manipulators under the guise of “Free-Markets” we are being none other than psychologically manipulated by language. It is an Orwellian attempt to induce a masochistic support of this system by the 99% who suffer from it. There is nothing “free” about allowing an elite minority of selfish individuals to wield the power of the economic well being of an entire society. What do these money-managers create? What are their innovations? How have they improved society? Their only creations and innovations are craftier and craftier techniques to move money around (into their own hands). Invariably, the consequence is a systematic transfer of wealth upwards. In the most blatant example of double-speak- trickle-up economics,was labeled as “trickle-down.” The implicit feeling that something isn’t right with these people and this system is ripe in all of us. But what many of us have thus-far failed to do is diagnose the disease; all we have done is address the symptoms.
    In our collective unconscious, in our culture, we have a pernicious construct: That money in and of itself is the outright measure of success and it is directly correlated to it- the richer you are, the more successful you necessarily are. It is this ingrained culture that empowers the oligarchs and banksters of Washington and Wall St to control society. When we subscribe to the mainstream-media endorsed precept that an overpaid money-manipulator on Wall St. making $20 million is somehow more successful than a Scientist that makes a breakthrough discovery, yet earns a “modest” $150,000 a year, we subscribe to a game rigged against society for the welfare of the elite few. Let’s change our culture, let’s change our standards, let’s change our minds.
    In 2008, a dilemma was faced- and the choice was to bail out the perpetrators of the collapse under the auspices that if they were left to fail then our system as a whole would fail. Does this not indicate in a painstakingly obvious way that the system itself is doomed in due time? A truly legitimate system would never need a bailout to maintain its perpetuity. Are we going to wait for the biggest economic crash in history before we take realization to this?
    Just as the scientific revolution and philosophy of the Enlightenment broke the shambles of religious persecution and monarchic control, it is time for a similar process of discarding what doesn’t work while perpetuating and devising what does, to our governance and to our society.
    Do not merely nod your head if you agree. Write your own pamphlet. Create your own philosophical idea. Disseminate the message. Debate. Get inspired by the brave revolutionaries of past.
    The culmination of unrest has begun. Now, the phase of leaders, ideas, vision, and true change will come. We will either die in oblivion, and the history of mankind will be told as a triumph of tyranny over enlightenment, or we will continue to fight teeth and nail to begin what is nothing short of a revolution. Don’t be a bystander, don’t be a follower who claims to be inspired by their heros. BE a hero yourself, inspire others, and write history.
    Let us explode with intellectual energy, a Jacobin club of the 21st century where ideas that completely overhaul the status quo take precedence in our actions and our consciousness, a second American Revolution- A second Enlightenment.
    -What is YOUR idea to eliminate the monetary system that enslaves you?
    -What is YOUR idea to disseminate the message?
    -What is YOUR idea on how we can create a new government system?
    -What is YOUR revised economic theory that espouses the betterment of humankind?
    -What is YOUR idea for a future system that has never been implemented, but represents the pinnacle of what humanity can ever achieve?

    Disseminate this message, add to it, improve it. Perfect it.
    The Movement

    • Lennie Pike

      My idea is not to create a new government system – it is to return to the system we had taken away – that of the U.S. Constitution – what was wrong with that system?

    • Patrick Henry

      Phoenix, I respectfully wish to add a few words of caution. You mentioned a Jacobin club for the 21st century. The Jacobins preferred le guillotine. I know “club” meant a group or organization, but understanding what a real revolution may unleash and that the French “left” were very different from British “liberals” like John Locke, both of whom opposed monarchy and feudalism. The French wished to replace the ancien regime while the British Enlightenment wished to decentralize power and protect individual rights, not collective rights. The path the movement takes, either collectivism or individualism, will make all the difference. I hope you and all others understand this key point.
      Give me liberty…!

    • http://N/A Gootman

      Yes,it is time! However as a previous reply
      indicated,that our general population just doess not care,they are not hungry enough yet.

  • OH NO

    I agree with most of what he said but SS, MC are not entitlements bought and paid for by the taxpayers if you didn’t put into the system you shouldn’t collect except for the disabled, they have spent all the money and they can’t pay it back! If you start a savings account and the banks spend everyone savings are you entitled to get it back! hell yes, start with congress cut their pensions, benefits, it’s the taxpayers paying for it we didn’t vote for their entitlements they voted it in for themselves, cut foreign assistant,earmarks, bailouts,subsidies, if you let them cut are so called entitlements they will never cut or reduce goverment spending.

  • Mark

    OK end the Federal Reserve…Now how are you going to keep the economy regualated and who are you going to borrow more money from while Obama is over spending what he takes in from tax dollars…The Federal Reserve does not need to be ended…The over spending and borrowing does.

    • Lennie Pike

      It’s not a matter of one or the other – the Fed and borrowing both need to end.

      The economy now is not being regulated, the can is being kicked down the road, and every kick will cause greater suffering when the time comes.

      Let the time of suffering come now by kicking the Fed out, eliminating borrowing and returning to sound money.

      It won’t be as painful as everyone thinks.

  • S.Quade

    If the Fed closed its doors tonight, tomorrow a new banking system would be organized. We’d be in deep s–t for a while but everything would eventually straighten out and we would have to be paying double and triple for every dollar the fed “prints”.
    Read up on fractional reserve banking, and you’ll see what a mess the federal reserve has foisted on the world. They are called “central banks” but they are vampires.
    Google ‘fed banking cartel’ and look carefully at the titles that come up. Don’t stop at the first page or the second page; astonishing things show up on successive pages.

    • S.Quade

      that should have been “we wouldn’t have to be paying double and triple for every dollar the fed “prints” (as we are paying now).

  • USLibertine

    You know, the inevitable is total collapse and warfare. It’s only a matter of time before the Road Warrior world becomes reality. Guns and Gold my friends.

  • Now Is

    When the world gets on the same page, and we change to a Resource Based Economy with Sun Energy
    warming and cooling our needs for free, when we use the Geo-thermal power of the earth, when we encourage farmers to feed the world, when we have Free Education and Free Health Care;eliminating
    harmful food to be available to feed everyone,
    including animals, when we ALL work together
    without greed and hoarding. we might have chance to survive…

  • Steve Mawson

    This is all good but you have written this before.

    I still don’t see solutions from you here Mike. What are your proposed alternatives ? In detail, come on you must have them and have been formulating them for years.

    I have one….TAX THE FED at the highest tax rate there is. It will only further complicate the already ridiculous tax system, but then, who cares right ?

  • Alfonso

    Indeed, the Jesuit Papacy is the secret master of the American Federal Reserve Bank. All American debt (created by the magic wand of unlimited, unsecured credit) IS OWED TO THE JESUIT PAPACY!!!!! All American debtors are slaves to the papacy holding the collateral for that debt—all the land and labor of Rome’s 14th Amendment American Empire (1868-Present) – http://www.vaticanassassins.org/2011/11/knights-of-malta-masters-of-the-popes-federal-reserve-bank-using-front-jews/

  • http://www.silverstealers.net Charles Savoie

    Fine article and shows how bought off Congress is that it won’t allow any substantive investigation of the FED. The most important fact about the FED is that it was founded by the same Secret Society that controls the Bank of England—The Pilgrims Society, explained at depth in “The Silver Stealers.” Also see in Archives of http://www.silver-investor.com the series “Meet The World Money Power.”

  • D Johnson

    We don’t need no stinkin Federal Reserve Bank.

  • therooster of Christ

    The USD’s role as a currency has been a stop-gap measure on route to the dollar fulfilling its ultimate role as a real-time measure for real-time gold-as-money. It’s here and now in front of your very eyes, folks, although still invisible to most. Modern day bullion based payment processors, as a fact, use the USD as a real-time measure to determine how much bullion weight to transfer from account to account when someone buys something from another account holder and the service or item is priced in a fiat currency. Something must bridge the two paradigms and that something is the USD price of gold in REAL-TIME !

    • jefferson

      Right on Rooster ! Real time is the key !

    • Lennie Pike

      A Lie – want the reason why? I’ve won trophies for my game face alone.

    • Lennie Pike

      Clue – what used to be a paradigm is now a paradollar.

      • Lennie Pike

        Make that a pair o’dollar – at least!

        • Lennie Pike

          2nd clue – factual evidence of the suppression of the dollar price of gold and silver will be given if necessary.

          The entire system is fraudulent and designed to enslave. It will soon be attempted on a global scale.

  • Hornitos

    There is a difference between when the Fed says it is, what you think it is, and what they actually do. The Fed is a GSE, government sponsored enterprise, and the assets (toxic) which it holds have the implicit backing of UST (taxpayer money). Now the Tea Party (sic)questions this relationship, as should all right thinking Americans. Stop the Fed means cut the cord between government and banking, although the function of the Fed would be done at Treasury, at least we the people would have some transparency and control.

  • Kenuck

    Let’s just create our own “Public Reserve”..our own banking system and currency..one big citizens credit union..bypass these pricks.

  • Steve Mawson

    Mike, whilst your articles are verbose and detailed, your responses to questions when put, that are direct to you and more than a vague compliment or hey good one, type comment, go unanswered. I’ve asked you several times what are your solutions to the many many problems you harangue on a daily basis, yet no reply is ever given.

    Please reply, lest some of us form the opinion that you are no better than the God Botherers on here who have 0 in the way of helpful constructive ideas, and can only blab on about this all being god’s will. pfffiddle.

    • Michael

      Steve:

      I apologize – if I answered every email that I get and every comment that gets left I would have no time for anything else. :)

      On a national level, I have talked about shutting down the Federal Reserve many times and going away from a debt-based monetary system. But of course the odds of that happening in the United States today are between slim and none.

      On a personal level, I have written many articles about how to prepare. The following is one of them….

      http://theeconomiccollapseblog.com/archives/how-to-prepare-for-the-difficult-years-ahead

      Michael

      • therooster of Christ

        The asset based money system is already here and being used each and every day. It’s not what you expected because we have all grown accustomed to a top-down system. Enough is enough. We’ve been supply driven “since the apple was shoved in our faces”. The new gold-as-money system is a product of real-time valuations and is developed in the marketplace and by the market. Stop looking for a top-down answer. You cannot pour new wine into old wineskins. Real-time is key and reverses Gresham’s Law, which is/was predicated on fixed values for bullion

        • Lennie Pike

          In a monetary system backed by gold, or better yet that is comprised of physical gold so that no one has to be trusted in vain as they were from 1913 to 1971, contrary to your claim, the value of gold is not fixed – market forces determine the value of gold which usually results in it’s value slowly increasing as work (money) is performed. There is a historical record of this occurring – requiring less and less gold to purchase the same amount of goods and services as work (MONEY!) is performed.

          This system is the only honest monetary system that can exist and is the opposite of the current monetary system – that of a small group of powerful and necessarily violent men determining the value of their fraudulent papre money to suit their deceptive strategy of stealing money (WORK!)from it’s rightful owners – those who worked for it – those who created the money.

          For that very reason money has to be either physical gold or actually backed by physical gold.

          Just ask the pricks that control the fiat system – if you can get a straight answer from them.

          The Western World led by these fiat money banker criminals has become exactly what Nazi Germany was. The exact same type of people have taken over and they are using mainly the U.S. Military to made possible by workers to do it. The reaction, or lack of one, from most citizens (way to go Greeks) is the same as that of the Germans in the 1930’s as they watch it happen.

          • Lennie Pike

            Minting a few actual gold coins and silver coins after 1913 was a stroke of genius – it had to be done – all good con artists know they have to produce something of value to attract the mark – ones step backwards in exchange for two steps forward. Just like Bernie Madoff, a few got paid real money so they could later be robbed.

        • Lennie Pike

          Chicken:

          Was the “new gold as money” = “paper money same as gold”, a product of real-time valuations and developed in the marketplace by the market when at least 10 trillion Dollars was created INSTANTLY!!! to bail out the gambling habits of the banksters of the world?

          Aren’t the banksters these actual “MARKET FORCES” THEMSELVES since they have 100% control over the creation of fiat money?

          I guess it did take some “real-time” to pull that off – probably about 1 minute to create that moneygold / goldmoney electronically by making a few keystrokes on a computer.

          Real money requires real work – money is work and work is money. That one minute which was spent at the keyboard is not considered real work by most real worker’s standards. The real work will come when that money is used to pay for real work performed, which is when the theft will occur – the worker will think he is getting paid in full but due to the inflation caused by creating the new money he will be getting robbed intentionally.

          So you should have no objections to the correction I have made to your name to “chicken” – I say you are afraid of work, or more likely think you are more important by right of birth than those who actually work, and that real work is beneath you and is the responsibility of the little people – they exist to take care of and support you financially.

          Or it could be possible that you do actually work – the only problem with that is that if you believe that the current fiat unconstitutional monetary system is just fine, then you must be one of the few who benefit from it at the expense of those who are abused by it, because if you are not one of those who benefit from it, you would be against it.

          So, even though you may do SOME work (and I bet it is not very strenuous) a percentage of your income, and I won’t use the term money because money is work, is stolen from those who do not steal any money (I used the term money because you would have to work for it) from you.

          It doesn’t really matter very much what the percentage of you income is stolen from others – there are enough of you doing it to cause total destruction of everyone lives (including yours) after enough time stealing has passed. We have reached that point now – thank you very much.

      • Lennie Pike

        Liars and the nature of a Liar never ceases to amaze me. I’m not talking about those who intentionally lie and aware they are lying as they lie – we all do that from time to time. I’m referring to those for whom a lie sounds like the truth. The lie can be a very obvious untruth but it won’t phase the Liar in the least – he must believe it is true.

        I just watched an interview of Hank Paulson on CNBC (the only network that would accept him I think), and everything that came out of his mouth was a lie. The lies were so obvious that you have to believe that he thinks they were truth – no one could possibly have the courage to lie like that.

        Every time he would finish lying, he would make all kinds of weird facial contortions including sticking his tongue out of his mouth. One can see that there is something way abnormal going on with the speech also approaching that of Linda Blair – demon possession, or just born that way? Larry Summers, Timothy Geithner – same thing. You can’t call these people our leaders – a leader produces positive results for the citizens. These psychopathic liars are the ones that have control over all of the facets of our lives – except for the spiritual.

    • Lennie Pike

      Here’s a solution for you from one of the God Botherers: The United States Constitution – based on God’s Law.

      I believe Michael has at least once mentioned returning to the U.S. Constitution and morality – especially by taking power away from the people behind the federal reserve and returning to sound money.

      Whoever has control over the fiat money has complete control – just ask Amsel? Rothschild. Kicking these evil parasites out of our country is the only way to take the U.S. off the planned path of destruction – so there are not solutions – there is one solution.

      I would think that after reading this article, one would be able to deduce on their own without any further explanations the “solutions” the author is advocating.

      The destruction of the U.S. and the U.S. Constitution is intentional so that the destroyers can control the entire world – just as the Bible predicts.

  • http://jenab6.livejournal.com/ David Sims

    I don’t think Ben Bernanke is incompetent. I think he’s a deceitful manipulator. His incorrect forecasts of the housing market and so forth were probably wrong by intention. Their aim was to make a lot of other people make bad choices about spending money, so that the bankers could profit the more.

  • Patrick Henry

    What’s the end game…how will the New World Order operate?
    Fiat currencies will become worthless so how will mortgages be paid, assuming banks don’t wish to be paid in worthless paper? You can bet your arse the loans will be called and “property owners” will be forced to choose between foreclosure or a government-backed refiance. Owners will in effect become renters with 50-year notes whose principle never get paid off and private property will pass to our overlords. This is the end game…this is the Road to Serfdom!

  • http://www.wbrb.info me

    people.you are discussing and debating digital entries into computers,oh, and you are demonizing people who actually care for their own families and those of this earth.you couldnt fit, or even walk in their shoes! Start composting, since you seem to be so concerned with “green.” ENVY?

    • Lennie Pike

      Sounds like you are defending the western banking cartel. If so, the consequences of digital entries into computers to create money out of thin air go a tad further than the physical act of hitting the correct keys on the keyboard. You are correct that no one gets hurt from the actual act of using the keyboard of a computer.

      Here’s an analogy of that for you: MY TRIGGER FINGER DID NOT TOUCH ANYONE WHILE I FIRED MY RIFLE DURING THE EXECUTION, THEREFORE I DID NOT HURT ANYONE. That is INSANITY – DENIAL TO THE ABSOLUTE LIMIT – A CHARLES MANSON TYPE OF MENTALITY. YOU ARE ONE SICK S.O.B. IF THAT IS WHAT YOU’RE SAYING. If that is not what you mean – you need to learn to communicate.

      So these people care for their families? Great.

      Millions and millions of other “families of this earth” have been killed by them so that they can take care of their families.

      Anyone would have to actually be one of these people to even want to “walk in their shoes”, because otherwise they would not be willing to abuse their fellow human being to such an extent due to having a conscience, and fear of that severe level of disobedience to God.

      As far as composting goes – no problem, but the issue is not of envy, or the love of money – it is of being under the control of these criminal satan worshipers in every facet (other than spiritual) of our lives.

      • Lennie Pike

        I wonder if this “me” is actually “him”? Is it him me? Or is it just someone else?

        If it is you, why don’t you all just go ahead and bust your move on the world right now and end the suffering?

  • olde reb

    WHISTLEBLOWER SUIT FILED AGAINST THE FRBNY AND FRBOG

    A pro se qui tam Complaint has been filed under seal and in camera naming the Federal Reserve as having received the value of inflation as hidden profit in violation of criminal laws.

    The value of $7 trillion over the past six years is claimed to have been hidden in the accounting records of the FRBNY handling of Treasury security auction funds.

    In a simplistic succinct scenario, the payment of government (deficit) bills is essentially paid with money off of the printing press. That money is then in circulation and, after moving through the financial structure, eventually becomes the funds that will be used to purchase the (deficit) security owned by the Fed and sold at the auction. These funds are mingled with the funds from securities rolled over from prior years for concealment. The first case produces inflation and a national debt. The second case does not.

    The Federal Reserve scam is detailed at http://www.scribd.com/doc/49040689 RIP OFF BY THE FEDERAL RESERVE.

    Whistleblower actions have been routinely dismissed if not represented by approved professional counsel. Would you believe that a search of the metropolitan area has not found a firm that wants to be involved ???

  • kevin

    what we need is a president that ends the federal reserve! America is slowly but surely becoming the great depression. if americans care about saving money then vote RON PAUL. people need to wake up and understand that ron paul is with us and cares about every person (especially the middle class). wake up and spread the news. why do you think msm isn’t covering ron paul? he wants to end the fed thats why!

  • Joe V

    When George Bailey got all depressed he started being mean to his kids and then he wanted to kill himself. This happened because the greedy banker in town wanted to ruin George and get rid of him so he could own and control the whole town.

    These days the solution to this would be to declare George to be “sick” and put him on an anti-depressant.

    But the real solution would be for George to get all his fellow citizens living in Pottersville to form as large mob carrying torches and pitchforks. Then they go over to Potter’s bank and drag him outside and lynch him. Then they change the name of the town back to Bedford Falls. Problem solved.

    It’s a Wonderful Life.

  • PAUL LEO FASO

    The most disgraceful example of greed that goes beyond the limits of any rational people. The Federal Reserve Bank has yet to see the consequences of financially sodomizing America for nearly 100 years of sustained misery.

    What comes next are the civil and criminal charges, the attachment of their assets and being thrown off the bus into the abyss.

    For a look into what these criminals face and all those who assisted in this national disaster, follow the link below;

    http://www.zerohedge.com/print/365866

  • Andrew D. Smith

    the Federal reserve is ion place due t5o an ilegitament act from congress in 1913 when there were not enough members present to conduct a legement sesion of congress. Check it out for your self and see.

  • Robert W. Dolan Sr.

    It is great that we know about the Federal Reserve and it’s grip on the economy, but what can we do about it? Certainly , our shiftless Congress will never do anything to correct the situation!

    • norm H

      What Can you do about it? look at the candidates in the upcoming election. I only know of one that wants to end the Federal Reserve and thats Dr Ron Paul. Be smart pass this information on so you can help save america from total economic collapse. Your children will thank you later!

  • Kenuck

    Well..get rid of it..or bypass it..what is “money” anymore anyway?

    • Robert

      brilliant suggestion Kenuck… what does that leave you? Trade your beans?

  • http://n/a RubyBlu

    Here’s a rather simplistic but effective plan: 1) Shut down the Federal Reserve! 2)STOP the out of control spending and bailouts 3) PAY off the debt. Sounds a little naive? Well, all stable functioning companies – and households – adopt and stick to this plan.
    IT IS THE ONLY ANSWER TO THIS MESS! BTW, FIRE Bernake TODAY!

  • Roslyn Smith

    We have to wake up the American people before it gets any later. The time for action is now.

  • Robert

    close the Fed, pay off the debt, get rid of waste, including the poor leadership of democrats and especially the muslim in charge

    • /theeconomiccollapseblog.com Killer

      Idiot.

  • http://the2news.com The2News.com

    Added to http://the2news.com/ this is a GREAT article!

    • Michael

      Thank you – I appreciate being featured on your site. :)

      Michael

  • Bob

    Nine of the ten points are well done. Point #8 is inaccurate and misleading, at best. As a lawyer, you should have done you homework before publishing this. 26 USC, The Internal Revenue Code, is absolutely within the confines of the Constitution. What is being done is a criminal misapplication of these statutes and implementing regulations. The IRS doesn’t even follow its own Internal Revenue Manual (IRM), and routinely–either through ignorance or willfully–violates its procedures. This massive fraud is aided and abetted by the mass media, the accounting profession (so-called CPAs), the BAR (so-called “Tax Attorneys), misinformation on the IRS’ own website, and propaganda spouted through the “entertainment” industry. Hundreds of thousands of private sector businesses and their payroll departents are also bamboozled, intimidated, and lied to by the IRS. This fraud is hammered home to ignorant American Citizens by the corrupt DOJ (sic), and judiciary, creating a climate of fear not unlike the secret police of totalitarian states in recent history.
    The Sixteenth Amendment, contrary to popular mythology, did NOT impose a personal income tax on the fruits of people’s labor not engaged in a revenue taxable activity or a federal privilege.
    The essence of the ENTIRE tax system UNDER THE CONSTITUTION being: that the Federal government is NEVER ALLOWED to directly demand money from the citizens in the name of tax. IT IS STILL FORBIDDEN. The reason why is that the Founding Fathers understood completely that this is the pentultimate definition and very essence of TYRANNY; because no individual, regardless of how wealthy or powerful he or she might be, can withstand the might of the State if it is allowed to bring that might to bear against the individual in disputes over nothing but money. (Ask Mikhail Khodorkovsky !) The game is always rigged ! Its always the same – throughout history, and still today, even here in America – just look at the IRS. That is why the Founding Fathers absolutely prohibited it in the Constitution !
    Most Americans fear the IRS out of ignorance of the law. Knowledge dispels hysterical fears of the unknown and makes possible the vanquishing of our foes.

    In the early 1890’s Congress passed a law that tried to impose a direct income tax on the interest and dividends from stocks and bonds, paid by companies to shareholders, and on interest earned on deposits at U.S. banks. This tax was challenged immediately, and the challenge was settled by the Supreme Court in 1895 in the Pollock v. Farmer’s Loan & Trust Co. decision.

    This decision states that it is UNconstitutional for Congress to try to impose a federal tax on the income of the U.S citizens derived from those sources, because that would be a Direct Tax WITHOUT APPORTIONMENT, which Congress is not authorized to enact, and is in fact, specifically prohibited by the Constitution (Article 1 Section 2, Clause 3).

    Excerpts from the decision:

    “…Ordinarily, all taxes paid primarily by persons who can shift the burden upon someone else, or who are under no legal compulsion to pay them, are considered indirect taxes; but a tax upon property holders in respect of their estates, whether real or personal, or of the income yielded by such estates, and the payment of which cannot be avoided, are direct taxes …”

    Brushaber v. Union Pacific R.R. Co. (1916)Hot!

    This Supreme Court case, Brushaber v. Union Pacific R.R. Co., is the very first decision handed down by the Supreme Court regarding the constitutionality of the Subtitle A income tax laws enacted in 1913. HOWEVER, it is not a case about any individual (Brushaber) paying income tax directly, it is a case about contesting the legal duty TO COLLECT INCOME TAX, not pay it ! This decision, together with the Stanton decision, a case about a CORPORATION paying the income tax on its MINING (of commodities) activity, handed down consecutively, immediately after this one, are still the recognized, controlling Supreme Court decisions on the issue of the constitutionality of the income tax laws.

    In the very first sentence, of the very first paragraph of this decision, it clearly states:

    “As a stockholder…the appellant filed his bill to enjoin the corporation from complying with the income tax provisions of the tariff act of October 3, 1913.” Brushaber, supra at 9

    Do you know what a TARIFF is? A TARIFF is a tax laid on FOREIGN GOODS entering America and on FOREIGN ACTIVITY occurring IN America.

    BY DEFINITION, A TARIFF CANNOT BE A TAX LAID ON DOMESTIC ACTIVITY OR DOMESTIC LABOR IN AMERICA!

    And then, on page 21 of this (Brushaber) Decision, the Supreme Court tells us how the tax is to be collected:

    “2. The act provides for collecting the tax at the source; that is, makes it the duty of corporations, etc., to retain and pay the sum of the tax on interest due on bonds and mortgages, unless the owner to whom the interest is payable gives a notice that he claims an exemption.. This duty cast upon corporations, because of the cost to which they are subjected, is asserted to be repugnant to due process of law as a taking of their property without compensation…”
    Brushaber v. Union Pacific R.R. Co., 240 US 1, 21 (1916)

    Clearly, even under the 16th Amendment, the income tax actually enacted by the tested legislation, is done so as an indirect tax. It is not a direct tax without apportionment, as deceptively and fraudulently claimed by the I.R.S. The Eisner v Macomber decision confirms this.

    Stanton v. Baltic Mining Co., 240 US 103 (1916) (Entire text of ruling)

    “…by the previous ruling, it was settled that the provisions of the 16th Amendment conferred no new power of taxation but simply prohibited the previous complete and plenary power of income taxation possessed by Congress from the beginning from being taken out of the category of INDIRECT taxation to which it inherently belonged..” (emphasis added)

    This decision was handed down immediately after the Brushaber decision (it was the next case decided) in 1916. It confirmed the holding in the previous case (Brushaber) that the income tax legislation that had been enacted by Congress was (is) constitutional because it was (is) enacted under a scheme of INDIRECT taxation, clearly stating that the power of income taxation possessed by Congress is inherently indirect.

    NOW, while the income tax legislation tested by the Court in these cases in 1916 was laid in the form of a tariff, which is one form of an impost authorized under Article 1 Section 8, Clause 1, this Stanton decision addresses a different aspect of the legislation than was tested in Brushaber. In the Brushaber decision, the Court tests whether or not the burden to pay the personal income tax was constitutional. It found that the burden (is) shifted from the federal tax collector who collects the tax (defined in the law at Section 7701(a)(16) as a “Withholding Agent”, who is made liable under Section 1461for the payment of the federal income tax that he has collected from other persons), to the actual underlying taxed subjects who pay it, and that therefore, it was a legitimate exercise of the indirect taxing powers possessed by Congress under the actual scheme of tax that was enacted by the legislation that was tested and upheld by the Court.

    HOWEVER, in the Stanton decision the Court addresses a different aspect of the same legislation. In the Stanton decision the Court addresses the legitimacy of the income tax as it applies to the corporate profits of a mining company, Baltic Mining Co. The company argues that the tax on its income, derived from mining operations, is unconstitutionally direct. The Court rejects that argument stating conclusively:

    “We say wholly fallacious assumption because, independently of the effect of the operation of the 16th Amendment, it was settled in Stratton’s Independence v. Howbert, 231 U.S. 399 , 58 L. ed. 285, 34 Sup. Ct. Rep. 136, that such tax is not a tax upon property as such because of its ownership, but a true excise levied on the results of the business of carrying on mining operations. (pp. 413 et seq.)” Stanton v. Baltic Mining Co., 240 US 103, 114 (1916)

    the personal income tax is clearly laid and collected as a tariff, and cannot also be construed to be an excise (as it applies to citizens), because citizens are not subject to the payment of any excise tax (or any other tax for that matter) on their constitutionally secured right to contract (work) and to earn a living without government interference or direct taxation of the earnings.

    SO, the court does indeed seem to uphold the corporate income tax as an indirect excise, rather than as an indirect impost (tariff), ignoring the fact that the legislation originates as “the income tax provisions of the tariff act of Oct. 3, 1913”.

    But, THAT REASONING CAN ONLY APPLY to justify a CORPORATE income tax, NOT the PERSONAL income tax on individuals.

    Flint v. Stone Tracy Co., 220 US 107 (1911) (Entire text of ruling)

    .”Excises are taxes laid upon:

    the manufacture, sale or consumption of commodities within the country,
    upon licenses to pursue certain occupations, and upon
    corporate privileges;

    .. the requirement to pay such taxes involves the exercise of the privilege and if business is not done in the manner described no tax is payable…it is the privilege which is the subject of the tax and not the mere buying, selling or handling of goods.

    Only corporations and those individual citizens enjoying government granted privileges or holding certain licenses are subject to an INCOME tax, when it is imposed as an Excise (under Title 26 Subtitles D & E (ATF) and Title 27 – A.T.F.), according to the Supreme Court !

    These rulings have never been overturned !

    AS A CITIZEN, YOU HAVE A RIGHT TO WORK.

    RIGHTS CANNOT BE TAXED, ONLY CORPORATIONS, PRIVILEGES & LICENSES!

    UNDER THE LETTER OF THE LAW CITIZENS ARE STILL FREE, IF THEY WANT TO BE !

    A DIRECT INCOME TAX IS STILL UNCONSTITUTIONAL IN 1920

    Eisner v. Macomber, 252 U.S. 189, (1920) (Entire text of ruling)

    ” This case presents the question whether, by virtue of the Sixteenth Amendment, Congress has the power to tax, as income of the stockholder and without apportionment, a stock dividend made lawfully and in good faith against profits accumulated by the corporation since March 1, 1913.

    “It arises under the Revenue Act of September 8, 1916 (39 Stat. 756 et seq., c. 463 [Comp. St. 6336a et seq.]), which, in our opinion (notwithstanding a contention of the government that will be noticed),
    plainly evinces the purpose of Congress to tax stock dividends as income.“

    “Thus, from every point of view we are brought irresistibly to the conclusion that neither under the Sixteenth Amendment nor otherwise has Congress power to tax without apportionment a true stock dividend made lawfully and in good faith, or the accumulated profits behind it, as income of the stockholder. The Revenue Act of 1916, in so far as it imposes a tax upon the stockholder because of such dividend, contravenes the provisions of article 1, 2, cl. 3, and article 1, 9, cl. 4, of the Constitution, and to this extent is invalid, notwithstanding the Sixteenth Amendment.” Eisner v. Macomber, 252 U.S. 189, 219-220 (1920)

    So, as a lawyer you surely are aware that these SCOTUS decisions CONTROL. And please don’t trot out that stupid decision made by the 10th Circuit, either. There are enough lemmings out there going over the cliff, so let’s get the truth out there, OK?

    • Josh

      Only thing is, a tariff is essentially the same as an imposed tax on American citizens for the special interests its designed to benefit. It drives up the price of foreign goods that would originally have been cheaper than our own and would have driven the price down. Its essentially price fixing

      • DAVE

        PRICE FIXING NO, ELIMINATEING THE POSSIBLITY OF COMPETATIVE PRICES YES, PRICE FIXING CAN BE DONEEITHER WAY BUT HIKING COMPETORS COSTS DOES WHAT OUR ECONOMIC LEADERS HAVE DECIDED IS HEAVENLY GIFTED TO U.S. AGREAD UPON ELIMINATION OF COMPETITION BY THE LARGE COPETITORS

  • Bob

    The links to the above comments unfortunately did not come through, so the entire text of the above decisions must be researched by the reader. Actually, that’s good. Don’t believe me, SEE FOR YOURSELF. And thank you for taking the time to read this and inform yourselves.

    • Kate

      Thanks for the research and analyses. Made me think.

  • http://www.thesouthernlibertarian.com/ SLibertarian

    Appoint me as director of The Federal Reserve.. I’ll fix it all!

    My first act as director? Fire everyone. Then hire a demolition crew to destroy the building.

    I’ll even work for free.

    • littlehand

      I like that idea if it were up to me you would be hired! lol

    • Elise

      Got to love a libertarian! I could cry thinking Ron Paul will never be our president.

  • JoshL

    QUESTION:

    The Federal Reserve System’s structure is composed of the presidentially appointed Board of Governors. I believe these people must be approved in the senate as well?

    My question is, does the Fed HAVE to be a “cartel” or is this one of those things where the country could wise up, vote for a President and a Senate who would appoint honest people and then the system would work, or at least work better.

    I am trying to reconcile the talk about the Fed being owned by secretive private banks and then the fact that the President and Congress appoints the chairman and the Board of Governors. Is it your thought that the President and Senate are corrupt or am I just missing something else that explains this fact away? Thanks!

    • Byron Johnston

      THE TEN MEMBER BANKS OF THE FEDERAL RESERVE
      All owned by the Rothschilds
      Rothschild Bank of London
      Warburg Bank of Hamburg
      Rothschild Bank of Berlin
      Lehman Brothers of New York
      Lazard Brothers of Paris
      Kuhn Loeb Bank of New York
      Israel Moses Seif Banks of Italy
      Goldman, Sachs of New York
      Warburg Bank of Amsterdam
      Chase Manhattan Bank of New York

      Now ask a question – Where is the Federal Government of the United States listed and how much does it get? I will answer it for you, it is not listed because the Federal Reserve is private and it receives nothing.

    • DAVE

      the fed doesn’t have to be a cartel but it currently is undeniably a cartel designed to protect and insulate itself from all of our natural problems such as competition and cycles- capitalism does not favor competiton as we are told, it actualy helps stiffle small up and comers from getting started, look around at our “small bussiness” growth only illegal or unethical bussinesses are free to function without financial restrants, premits, property, and taxes all slow the small guy but don’t even hinder wal-marts

    • Grace

      Keep reading and figuring it out for yourself. This should be the beginning of your education, not its only source. That’s how you’ll make a contribution to the conversation.

  • Banished Jester

    My question is why aren’t we the sheeple not slaying the men responsible for these crimes? Why aren’t local militias rising up and storming every federal reserve branch and taking out the leadership? Why are we the sheeple of the world not taking our futures into our own hands and putting an end to this progressive monstrosity that has become our U.S. government? The crimes these men have committed are in the least worthy of the death penalty. Why has no one filed murder charges against the president of the United States? WTF is going on here?

    • Shadowchylde

      *********** the leadership of the Fed would not work much in the same way ********* leaders of drug cartels won’t work. There are always new people ready to step up and take over and they are no better than the people currently running the Fed…

    • DAVE

      remember the civil war, no one can or wants to invite total devistaion to our home and that is what any millitia would ask for, they were resurected and demolished viciously, slavery neaded to go but so much trouble and murder happened that we started a worse system-capitalism= cruelty has to be financialy motivated to be just

    • Grace

      Why is taking up arms the only solution? Being a woman, thank you, that’s not my first thought of defense. Really, I’d no sooner want an idiot waving a gun around than the Federal Reserve stealing the wealth of the nation. Any other thoughts on how to bring about change? I’d say shooting and killing is barbaric – also it makes one a target. If they’ve been successful in shifting the ground from under us, it’s because they’re using tactics as weapons and not guns. Unity in conspiring, not murdering their cohorts. Got to stick together to be effective.

      • Paul

        very true. can change come through peace?

      • Dave

        Appreciate your ideas, however; peaceful tactics will work if you have deep pockets. When you have the wealth of the richest nation in the world as your weapon, things can stay quite peaceful while the money flows. I know I can’t match that level of peace, can you? Also, ” I’d say shooting and killing is barbaric – also it makes one a target.” when or if all the chaos happens (I pray it is not the case) unfortunately people like you will be the target. Could be why the second amendment is such a target lately.

        • Elise

          At this rate we are more likely to annex our own government then our government paying off the debt. And Obama’s recent resistance to answering Rand Paul’s filibuster is a stark reminder that American’s are closer to revolt than we may individually realize. I’m sure a lot of the anti-gun lobbyists are paid for by the banks and Obama isn’t keyed into why. But it’s terrifying that he’s fighting to remove our guns, while refusing to write strict policy on the use of drones. Notice there is no talk of developing that technology for disaster relief? But in 5 years you bet they will be smaller and equipped with mace to disperse protesting crowds.

      • prezOworst

        Ok Grace you send them floweres and say please when your starving. Wake up this is Darwinian. Wolf pack.

      • Bruce

        Dear lady, If you think for one second that ANYTHING other than force will turn this around then you are in denial.

        • charles behlen

          The media should be forced to put a face on the Fed. The men who run this scam should know that we know who they are and where they live. There’s strength in numbers and that should make them afraid. That’s the first step.
          The people should demand that svery elected official put the Fed’s feet to the fire during Congressional hearings. Grayson and Ron Paul are doing their bit, but more representatives need to get on board. The people should consider our elected officials gutless sellouts if they fail to confront the Fed with the enormities they’re committed.

        • Dave

          Bruce, if you think that storming the White House will actually change the country for the better, I am afraid you are delusional and in denial as well.

          EVERYTHING in this world, needs direction to function. If it weren’t the Fed, some other institution or body would be in its place.

          Different “Feds” exist all over the world – everywhere – and in all shapes and sizes. Pretending that “oh if only we slay this one dragon everything will be fine” is insane IMO. Unless you dream of a war-torn world in constant anarchy.

          • Ryan

            The Feds are already creating a war-torn world. Why do you think the U.S. invaded Iraq? Because if Saddam sells oil in anything other than USD, it lowers the international demand for it. Less demand means the Feds can’t print as much money. That’s how corrupt it already is. We invaded a country based on blatant lies to replace Saddam with a “democratic” government that will sell oil in USD in accordance with Nixon’s deal with Saudi Arabia, and ergo the rest of OPEC. Hundreds of thousands of innocent people died in that war and the thousands more in the ongoing insurgency.

            I’m not saying an armed revolution is the only way to end this problem, but it’s a pretty grave situation that needs a drastic solution.

          • John Coffey

            Take a look at this and you tell me what’s about to happen….

            iran4.jpeg

      • atliberty

        Yes eventually they must be restrained, forced out of power and that can be violent. They will not step down on their own. I believe we need to organize and unite as the majority and that is the only way we can demand that the national debt be erased because it was caused by unconstitutional criminal cabal. Then we can create a new debt free monetary system similar to greenbacks printed when Lincoln and Kennedy were presidents. I have started a web sight wethepeoplerule(dot)net to help bring about a national people’s referendum process so we can document a majority will. I hope you check it out and spread the word.

        K

      • ZeN

        “Let us hope our weapons are never needed –but do not forget what
        the common people knew when they demanded the Bill of Rights: An
        armed citizenry is the first defense, the best defense, and the
        final defense against tyranny.
        If guns are outlawed, only the government will have guns. Only
        the police, the secret police, the military, the hired servants of
        our rulers. Only the government — and a few outlaws. I intend to
        be among the outlaws.”

        — Edward Abbey, “Abbey’s Road”, 1979

      • Dennis Robinson

        Yes George Washington and all those others that went to war to earn their freedom were barbaric, they should have played a game of chess for it or gotten on their knees and groveled and begged for it, but shooting people and all that nasty stuff was just so terrible.
        And what’s really terrible is you actually believe that rhetoric you posted.

    • paul

      So tell me what do you think the next step for change would be? Where do we start? we need to gather masses of people who think the same as us and get everyone on the same page and start taking it to the streets. whatever it takes , please get back to me with your ideas.

      • el

        I’m sure the resistance will be technological. Though chaotic I think it’s the nerds on 4chan, the Anonymous hacker kids, that will mature over the next few decades and bring about revolution. I think those kids have more power than they realize, and behind anonymity they can get more done than any of us protesting in the street and getting added to terrorist lists. oooo maybe we need to hire the local nerd kid on our block and pay him under the table to train our kids for the war.

      • prezOworst

        These people own everything.. CIA, Navy Seals. Forget it. People tend to disappear, put in jail, committed to crazy farm, have a heart attack, suicide. Get my point.

        • You

          We are willing to die to end the lawlessness that is the federal reserve.

    • Bruce

      The people are not up in arms because #1 They DO NOT know the truth. #2 Because American Idol, Dancing with the stars has mezmerized their reality. #3 Because people are giving every ounce of their time, attention and effort to keeping their head above water !!!

      • charles behlen

        I’ve tried to explain to my daughter why she, a woman with a college education, must live in a one-bedroom apartment and work as an underpaid photojournalist while her grandparents, who were high school dropouts, managed to buy a home and support two children when they were her age. It’s called the Fed, and it’s been draining the life blood out of our nation for almost a century.

    • pretty ok guy

      too true! been asking that for years. A firm hand is the only thing foolish children will understand.

    • Truth

      I don’t think armed militias are the key. I think it’s time to breed more people like Kennedy who will try to do this the right way. Violence should be a last resort; however, that is not saying give up either. Keep fighting for honest politicians who will fight for us and FIGHT THE BANKERS.

    • a once free person

      You people are blind. Read up on the rothschilds and how they intertwined with the federal reserve. Money is a made up entitytthat states how much power one has. If you control the money you control the people. If you control the people you control the power. It cost more to make a penny than a $50 bill.but a bill of that value is worth more because it states so. What happened to the gold standard anyways? The only way to stop this is by performing the radical and using force if that’s what it takes. Molon labe… wake up

  • Mr. Wu

    Muslims do not believe in Usury. It is against Allah!

    • Grace

      They believe in convincing people by suicide bombing them to death.

  • Pauly

    I want my endless homework project, filling w/ the IRS to end.

  • Peter Litwin

    Not simply scandalous, but criminal and evil to the core. This is a blanket of evil that currently enshrouds our planet in darkness, despair, and oppression. We are all systematically growing poorer each day thanks to the central bank.

  • http://seeingthroughthelenses.blogspot.com Sandy Davison

    This is by far the best site I have ever seen in explaining the Federal Reserve System and the disasters it has created.

  • Kent

    Abolish the Federal Reserve and The IRS. Shoot, I advocate tar and feathering just like the good old days when our country was founded. To be tarred and feathered was quite painful. Why is corporal punishment not embraced in this country when evil men and women continue to destroy our country. They are traitors to our country.

    • fourdemocracy

      You can’t run a modern country without taxes. We aren’t Somalia. I agree the Fed banking system has been corrupted and is robbing us.

    • Grace

      Why be an animal about it? That doesn’t sound any better. What “good old days.” When we killed all the Indians and took what was “ours.” I’d say watch who you are as well as who you’re fighting.

  • VA

    The FED is part of the conspiracy. Read the book “None Dare Call it a Conspiracy” by Gary Allen.
    http://www.youtube.com/watch?v=BQr10N-4eXQ&feature=player_embedded

    The conspiracy wants us all poor and a small group of rich people rule the world. It is real. Get informed and inform all your contacts.

    • fourdemocracy

      Thank back to the Revolutionary War to get rid of corporate powers (East India Trading Corporation…King George).

      Only now we have more dangerous weapons and enemies. The British London, elite bankers (previously our banks but there because of their lack of regulations and laws) are behind it again.

      Think of Alaska, the Gulf, etc. oil spills and now the NE power grid crisis. British. We are Nigeria to them.

      Kick them out.

  • Andy

    Here’s an idea. Since the piece of crap mainstream media will never print an article such as this, we should all print as many of this article as we can and spread them all over the place. Hell put em in mailboxes around your community! If we work together we can easily overthrow this failed system! PRINT THIS ARTICLE ABOUT THE DESTRUCTIVE FEDERAL RESERVE AND SPREAD IT LIKE A WILDFIRE!!!!!
    OH AND RON PAUL 2012!!!!

    • fourdemocracy

      I’d like to believe Ron Paul would save us. He will not. Why? He just tells us what we want to hear (like Ross Perot). In the end he is a Red Herring to raise money for the Republican Party…and keep people in the party. He is a friend of Mitt Romney (Vulture Capitalist).

    • Grace

      Hopefully, you will follow your own advice. Everyone can revolt as they see fit – the important thing is to do something.

  • Bill

    Research Ron Paul. He is the only candidate who
    1.Wants to audit the destructive Federal Reserve which is owned by the bankster mafia. Then through the found evidence of the biggest scam in U.S. History, the Fed will end.
    2.Will restore monetary policy to congress with total transperacy as stated in THE CONSTITUTION!
    3.Restore personal Liberty and Freedom as our Founding Fathers intended.
    4.End all of the Unconstitutional wars which do not and have not increased our national security.
    5.Bring sanity back to America and stop the Propaganda which is designed to benefit only a small group of wealthy individuals and is currently working very well for that group.

    • James

      All of the reasons you mentioned is why A. He will never be elected, and B. if he were, he’d be killed in broad day light like Kennedy

  • http://www.thrivemovement.com unitetobringdownthefederalreserve

    We must work together to bring down the Federal Reserve. Please consider working with us at http://www.thrivemovement.com

    • Paul

      I have recently become aware of the thrive movement. how do i join? I want to start taking active steps toward change…no matter how small the beginning may be. please email me back or respond here. I have many contacts who are concerned about the same issues that are delt with in the thrive movie. The time is now. please respond.

  • http://www.thrivemovement.com unitetobringdownthefederalreserve
  • Meat plow

    The elite of the world have put in place acts (or so called laws) to prevent the overthrowing of any part of this system. The courts uphold the acts or bills and the militarized police are used to enforce the treasonous so called laws. It’s too late In the game to think your going to change it, this was inacted a hundred years ago and scociety has been quelled into thinking this is the norm for generations now. We are over the edge and already falling without any fall arrest, just enjoy the ride and shoot em when they come for you. You can’t stop this unless your wanting to die for the cause and be labeled a domestic terrorist because we are too far down the rabbit hole and our heads were up our asses for too long while they set up this agenda 21 world governance 1984 militarized police state system ruled by reptilian shapeshifters. Lol.

    • Grace

      peasants can do it – you’re going to die anyway. I wouldn’t want you on my team, because you’d certainly just watch your own back – you’re no different than those in power. It’s a value issue; we’re not sheep to slaughter unless you want to turn over, have another beer and say “there’s nothing we can do.” Information is power – so are numbers, so is thinking for oneself and speaking out. Ever hear of the American Revolution?

      • Realist

        Someone mentioned earlier the answer to causing The New Revolution. Hunger. Horror. Death. The suffering has yet ripen enough to pick a fight.

    • Rich

      Voting would be the preferred method for
      changes. Which means the campaign
      financing of our politicians must change.
      Legislators are not dependent on voters
      but on there funders for reelection and
      there careers after they leave office.

  • Bob Marshall

    Why is Ben Bernanke on the board of governors of the IMF and Timothy Geithner an alternate? Could it be because the U.S. taxpayers give 30% of the funds that the IMF receives. So, where doour tax dollars really go?

    • fourdemocracy

      To London banks (Rothschld dream of world ownernship for Zionists).

      Those Vulture Capitalists under “de-regulation” of London are bankrupting whole countries such as Greece, Congo, Iceland, etc. Why not us? We fight their wars and protect them.

      They are bleeding us of our wealth. It is a huge drain of our tax dollars also. We bailed out banks and financial institutions who are not paying us back. They bought other banks, keep people here from borrowing money, etc. It is a banking cabal. All done without a foreign army.

      We should ban them (billionaires who profited off us and other countries) from the US and demand payment back. The British banned Singer from there.

      Monopolies are illegal here. It is being ignored. They are huge banking monopolies and financial institutions…international banks too big to fail and too big to go to jail? Many thugs and robbers went to jail during the S&L Crisis. Why not now? They are now international.

      The banking corporations also have charters which are ignored in the states. Investors, shareholders, and the community have all been ignored.

      It was Ronnie’s dream of de-regulation to steal. Forgive him…he had a disease. What is the excuse of our other leaders?

      The World Bank is another part of the Banking Cabal to get other nations resources, wealth, etc.

      They are in the end just criminals and liars.

      Read: Greg Palast’s book Billionaires Bandits and Ballots.

  • jerry

    When I look at my retirement funds, they are still down 20%. Also my house is about 15% below in value…..Also, my take home income is $200.00 less now from just a year ago due to health care alone…..

    But what is everyone is for getting is the costs of goods (gas, food, entertainment, eating out, insurances, schooling, etc.) that have gone up while income has gone down…..This is a double edge hit….

    The uncertainity is a very big problem….you do not know how to plan for anything because you don’t know what is going to happen next…forget the kids for the future….its a matter of survile right now…..abosultely terrible….

    Need a new president………

  • Shaggy

    All of this is true. Are you jealous? I respect it. These are very smart people, smarter than all of us. I don’t hate them. I just wish they would give us a break. They deserve to rule us. It has always been this way. The rich and powerful screwing over the weak and poor. The Polar Shift is coming and then we will just start all over again. People calling for Revolution, may be the one’s in power once shit hits the fan. Until human beings fundamentally change, the cycle will continue. Absolute power corrupts absolutely. Can I get a think tank job?

    • Paul

      I have been calling for a revolution like many of us have been for a long time. How do we communicate to the masses about how to begin to change fundamentally? most people are so comfortable in their own lifes that most wouldnt care to change….the establishment has us so wrapped up that we dont even know were being played…..please respond with your ideas.

      • Tim Archer

        We’re not there yet. The time will come. We just need to wait. When the pain and mistrust becomes ubiquitous is the time when people will look for someone to lead them to prosperity.

  • Mark Horschwitz

    After collapsing economic system and the lack of legal action against its perpetrators, I understand that there is some anger at the Fed. But this very interesting article is misquoting several matters to serve its argument. First of all, it states “all you have to do is go to the Federal Reserve website….” but that link isn’t to the Fed site. It sends you to http://www.federalreserveeducation.org whereas the Federal Reserve site is (not surprisingly) http://www.federalreserve.gov – yes, a gov site. As for ownership, it was enacted by the (democratically elected) government in laws which spell out its remit – it must work within these limits or be breaking the law. So who owns it? Well, the people. And if that weren’t so, which would matter most – who owned it or who controlled it? The Board of Governors controls the Fed. Quoting the ACTUAL Fed site: “The Board of Governors of the Federal Reserve System is a federal government agency. The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate.” Board controls Fed, Board is appointed by the Government. Over to you!

    • Neutral

      Who or what determines which names get considered for appointment?

      • Tyler

        The president it says right there

  • Mark Horschwitz

    Just so that I’m not picked up on mentioning the Banks, they are “members” of the Fed, not owners.

  • Bob Marshall

    Every country that is a member of the IMF has a central bank. Ben Bernanke is on the Board of Governors of the IMF and Timothy Geithner is an alternate. The U.S. taxpayers are the largest contributor to the IMF. More people should read both END THE FED by Ron Paul and THE CREATURE FROM JEKYLL ISLAND by G.Edward Griffin. The man to thank for our socialist type government today starts with Colonel Edward Mandel House and his book, Philip Dru, Administrator.This is where these plans originated.Plans that were carried out by Wilson, FDR and their administrations. First in 1913 and again in 1933.

    • Paul

      Send me links so i can learn more. do you have more ideas about how to change this system and what we would have to do to even begin tackling this huge problem.

  • plasticmoney888

    Carry trade.

    The banks are able to make large profits very easily and with very little risk.

    There is no little risk. Its a no risk operation. No person in is right mind would buy these bonds. The only reason large Bank can do such Cary trades with out any risk is that they know it’s not a real market and that Bernanke is on the bid side at a higher prices. For the media he is taking rates down to stimulate the economy.

    Imagine all the money moving away from the economy and going in to gold bars stored in vaults.

    A trillion of interest income not being spent in the real economy from Seniors losing there income and savings toward mal-investment, higher commodity prices and speculation including the biggest and on going Bond Bubble in history. The FED will soon have purchase 3 trillion dollars worth of assets mostly Bonds.

    The problem with driving your own currency down artificially is that you are chasing out the currency out of your own underlying economy for better returns.

    This way Bernanke ends up stimulating other countries. Like selling dollars and buying Australian dollars and get 4% or go to Brasil etc …

    It is dangerous and immoral to give so much power to a Pro Central Planing team acting like financial dictator.

  • plasticmoney888

    Number two 2 omits an important point. The government gets back 98% of the interest earned by the FED.

    • Grace

      why?

    • prezOworst

      Oh and your sure!!!!

    • you’re an idiot

      go F&*% yourself. how stupid

  • Larry

    SHOOT THEM!

    REGIME CHANGE!

    WHAT ARE U WAITING FOR?

  • slopupy

    Thomas Jefferson yapping against borrowing…that’s rich. Given the fact he personally spent way beyond his means, and died woefully in debt.

  • Craig

    though I’m not a 9/11 truther or cons. theorist, I do recognize tbe fed. reserve as the worst domestic threat to our country. Basically, we are slaves to the fed. and our debt crisis will not cease unless the fed. is broken down and forced out of existence.

    • Paul

      how do we do that? whats the next step to take all these idead and actually turn them into actions.

  • http://hankrutland.mynikken.net. Fior Gael

    The progressives: killing the country since 1913. I thought everyone hated big banks…talk about manipulation of crises. Between Bernacke and Barney Frank and Tim Geitner (sp?) and our un conventional administration are we not doomed?

  • I Am

    Unfortunately if you or I or anyone else try to do anything about it we , like others before us, will simply be eliminated. So complaining is all one can do. Just don’t make too many waves. Only God almighty is able to resolve this and He hasn’t chosen to.

  • RufusFirefly

    Wee operated without a fed before 1913. We can do it again

  • 4thaugust1932

    There is about $1 trillion dollar bills and coins in circulation as on June 20, 2012
    There is about $15 trillion dollars worth of credit supplied by banks.
    There is about $55 trillion dollars in total debt, again, supplied by banks.
    What backs the dollar is the faith that the $14 trillion dollars will some day pay the $55 trillion dollars (plus $217 trillion dollars derivatives contracts) off.

  • AllaHaRa

    If you want real change then the people must be willing to Boycott the use of these banks as well as anything that helps fund “The Problem”. Remember the people are the government. They only need to take back their self control so that they may have liberty. They must be willing to let go of the materialistic distractions that keep them seeking out more money. Only then will they be able to dissolve their Apathy into action. If you want this done in a Peaceful manner then we must take control before the storm and not during it. Otherwise the elite will have the upper hand through crowd control and thus genocide. There is no need for arms when We The People are the ones who Really make civilization work. Though I will say that it would still be a VERY good idea to keep arms. If all the sheep stop responding to the herder (debt machine and media -propaganda) and the sheep dog (police – fear) doesn’t work due to the sheep having its own defense then either the sheep will be killed off (genocide), left to roam (anarchy), or there will be a compromise (NWO). I believe we as a collective can make a compromise happen by choosing what we wish to support or shun. We only need to let go and drop off our high horse long enough for the elite to catch the drift. So what to boycott first then besides the banks… Follow the money.. If the elite are financing the media then the media has been compromised.. Boycott it. . If an organization is supporting GMO and Monsanto boycott it.. This is very simple.. We can change the culture and we can make the elite dance to our tune and they can still stay in power..They only need to change (adapt). For money is not the real issue.. It is only a tool for the end result (power).

    • guest

      The elite are so skilled at keeping the sheep divided, ignorant and distracted (media, entertainment, food) that they will never be united enough to make the changes and boycott the banks etc….

  • Bob Baker

    I take issue with #6 and #9.

    In #6, you characterize the housing bubble as a FED “mistake.” In reality the housing bubble, and all other FED created bubbles are quite intentional and caused for the benefit of their shareholders. During the bubbles, banks over-extend credit (which under fractional reserve banking is money creation) against collateral (hard assets). This over-extension of credit is mistaken by most people as economic growth. During the credit contraction (which naturally must follow the expansion) the credit extensions are converted to hard assets through defaults and bankruptcies. The bubble blowing and popping are both controlled by the FED and, because they have knowledge of the timing, their shareholders are always properly positioned. This is not incompetence, but merely doing a good job for your boss.

    In #9 you make similar misinterpretation of what is going on. Bernanke is not an idiot that didn’t understand what was happening during the collapse of the housing bubble created by Alan Greenspan, he was managing the pop in a way that maximized the gains of his shareholders. That is what he was put in place to do. Next year he will be retiring, leaving the public eye, and enjoying the rewards of his service to his employers.

    Otherwise, your points are all correct.

    The booms are the dangerous times as during these credit expansions ordinary people often become stock market geniuses or real estate tycoons. When the reaction to the action occurs (credit contraction) they usually find themselves over-leveraged because they mistook a credit expansion for real economic growth. Be very cautious during the boom and be prepared for the real opportunities that will arise during the bust.

    • Andrew Buckley

      And those mini-tycoons become so self-ingratiated that to open their eyes would offend their Darwinian successes. We have been induced by false promises. Loans that pop out of thin air are not only too good to be true for you, they’re also a regressive hoover on the money supply. We pay tribute to our financial overlords, and not all of them know who they are.

  • http://www.facebook.com/dan.medsker Dan Medsker

    to big to fail, means the Bank has to be a Fed owner

  • 4thaugust1932

    Govt doesn’t need our taxes.
    Govt can print currency.
    Govt imposes taxes to CONTROL citizens.

  • Rick

    As I understand it the Fed is not accountable to any governmental agency and claims that it is not a governmental agency itself. Yet it was formed by Congress to manage the currency reserves of the United States. Because of its NGO status it has been able to avoid a detailed audit of its activities. That strikes me as very fertile ground from which to launch an economic war against the United States. We don’t know what they are doing some might argue they don’t know either with some validity to their argument. Andrew Jackson caused a devastating panic when he was president by killing off the first Central Bank of the United States. We need a central bank of some sort but the Fed welds a lot of power and it seems to have no checks and balance nor does it seem to have much in the way of oversight. This is cause for concern. Do we need to panic NO! Do we need a through audit of the Fed’s activities ABSOLUTELY! I think Rand Paul has been pushing for one for a very very long time and its about time.

  • slo1111

    Lots of misinformation in this article. I find it is tough to get good resources on how the fed actually works. The US Treasury sells its bonds & securities to institutions and individuals not the Fed, at least thus far. Second when the Fed buys treasury securities and MBS it buys them from the open market. To create more money supply they buy a treasury bond from a private institution The institution gets funds in their federal reserve account. Their federal reserve account is an asset that counts towards their banking reserve, thus they can lend more money into the economy. A private bank can not use a treasury security for it’s reserve account. In other terms the bank gets working capital versus holding a bond.

    The Federal Reserve offered paying interest on reserve accounts at the Fed to encourage banks and institution to sell it treasury securities to the Fed versus just sitting on a treasury security collecting the interest.

    Rather than jumping to armed revolution, it is important to get the facts right. The reserve does do some very important things. It needs more transparency and reforms, but don’t throw the baby out with the bath, just for erroneous rhetoric.

    • Matheus Grunt

      The Fed is UN-Constitutional and has no place in our country. End of line.

      • bigs

        The Fed itself trolls forums to stop the beginnings of movements.

        • Matheus Grunt

          They may but that means little.

  • youremployer

    that is the exact problem with this nation,, many of us want to turn violent many of us want peace, we are divided….. the absolute fact is that these people employ mercenaries, they employ many many bloody tactics and methods,, i dream of a day when bloodshed and violence will be a thing of the distant past but that time is not now,,, would i kill that my daughter would never know murder? would you? would any of us resort to the most “barbaric” methods to defeat an enemy so great that they are enslaving the entire worlds people slowly? would you not take up a sword and slay the beast that is enlsaving our grandchildren from the shaddows and rend the chains on our people for all time? if my death meant a better future for all then i would gladly die… peacefull ways are all well and good but i have yet to see a peacefull movement do anything….. ever! look at what they did to us on wallstreet with our peacefull occupation,, and bless the occupy movement they brought alot of awareness but someone tell me what one single thing is diffrent now because of it ? the fact is we are to comfortable in our little lives to get dirty,, we as amercans have it good,,., im considerd poor,, and i am but i live like a king compared to most people in other nations. we reap the benifits of the true crimes that our being comitted with OUR! money… children are dying all over the world and our ignorance and silence is affording it… because we live in camelot we cannot see the truth of the world and those who control what you know wont allow you to know any diffrent… i hope everyone will try and research what is happening and educate themselves, there is no one single truth. but there is a better way…. the old system does not work and it is time to put it to rest… will we give up our quiet little lives and risk something more than ourselves to forge a real future of peace? or will we lie silent like they hope we will “waiting for jesus to save us” ? they are many systems in place to ensure your compliance,, once you have been unplugged from the matrix there is no going back.. dont take anyone at their word begin the never ending search for truth… we dont have to wait for the government to decide what future we want we can begin the long process of diolauge about what kind of a government and future we want and then without their permission we can enact our new system. that will be when the battle must be fought… but again i call for everyone to join together instead of divide. begin the true conversation of how we move forward instead of stand here bitching.

  • Meenew Parker

    The American people need to pull their heads out of the TV, the Newspapers and the radio.Stand up and fight our nations corruption policies.This country is run by The Global World Corporation Conglomerate Initiative, The World Bank “Better Known as The Federal Reserve Bank of Lies”.We live in a sociaty based on corruption greed war mongers theifs and liars.If we don’t change how our goverment and bankings is conducted we are just going to sufficate ourselves and our childrens futures.Stand up America get rid of our corrupt President Bozo the Moran and the rest of his Congress of Evil Clowns.Ban Lobbiest from ever being able to step foot into goverment politics.Start at the top and clean house tack out the trash and spray for bugs our goverment is infested with scank deciese and nasty greed scabies.Who is willing to step up to the plate and begin to take our the trach anyone out there strong enough to fight the house of cards we need someone to take this sick twisted goverment to its knees and confess its cheating lying ways.We need a real hero to and a band of super hereos to step forward and make the coreect changes without being tempted by bribes to participate with these sick twisted corrupt officials.Anyone out there strong enough to put on their cleaning house armor and DO IT!

  • atliberty

    So according to you Rush Limbaugh must me a left winger eh?

  • someone

    Why does the fed bank claim it is from the gov now? on the link they posted as proof for reason one, paragraph just above the one they quoted on this site?

  • Truth

    What this article fails to mention is that although some banks may buy masses of the bonds, anyone on the planet can buy them as well. Even you! People instead prefer to buy other things with their money, which is all well and good, but you pay the consequences of your actions

  • tree worm

    Seems if congress was to do the coinageIit needs to given back but what I dont understand if the federal reserve ownes the banks and wall street they should be liable for the monies that go into them not we the ppl them and also pay the bankers be auited what we just take the words if they lie that much we need to get them for issusing worthless money or counterfiteing thats no more than a poker chip which has no value and like a casion they sell there poker chips over and over plus charge more and more even a casino dont charge interest on chips if that was the case maybe we just need to buy poker chips that would save lots of money do away with irs and federal reserve

  • tree worm

    We dont need federal reserve they r crooks that we pay to steal from us

  • Sowrabh Behl

    “Power resides where men believe it resides.” We believe our existing currency holds value and use it to our peril which leaves us open to be manipulated by banks. We almost choose to be enslaved by using the machine that is destroying us.

    Thankfully, the people now have BitCoin. We can reduce dependency on the fed by using a social money system. We have an alternative, we must use it.

    • Matheus Grunt

      You can’t pay your bills, rent/mortgage and other things with BitCoin.

  • ZeN

    God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong
    will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty…. And what country can preserve its liberties, if its rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to the facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants. It is its natural manure.
    Thomas Jefferson (1743-1826)

  • Big Ben

    You are completely wrong on numerous, distorted “facts” used to sway your opinion and sell more books and advertising space on this webpage.

    • truth

      Like which ones. for example. Give just one. Dare ya…

  • Tim Archer

    I couldn’t get very far through this article. The federal government wouldn’t theoretically have to keep borrowing money to pay of the “perpetual” debt if they’d just balance their **** budget! And how does the Fed make trillions of dollars off of nearly interest-free loans? This article is ridiculous.

    • Tim Archer

      Also, how can all of these public banks receive “secret” loans from the Fed?? The Fed might be private but those borrowing banks have to share their books.

      • Soony

        You are likely a troll employed by the Federal Reserve. We will fight the Federal Reserve to the end, in every single way possible, so get ready fool, we are coming for you!

  • alalacki

    The,16 amendment was not ratified by the required,36 states,, the supreme court,,, will not hear the case,, SO the Constitution, says,, we do not pay tax to foreign corporations,, so that is two reasons not to pay federal income tax, to foreign,offshore, banks,, if every American refused to pay tax,,, then down they go!

  • HK

    The best way to destroy the system is to not be a part of it. Do everything contrary to what the system wants you to do and this is not hard. Live within your means, do away with materialism and selfishness, these are the things that this sytem feeds on.

  • ifraZ

    Wooow.. I didnt knw all about this… Tnx 4 tga knowledge…

  • friar

    There is a typo/error in the article above:

    “When this new debt is created, the amount of interest that the U.S. government will eventually pay on that debt is not also created.”

    Should read:

    “When this new debt is created, the amount of interest that the U.S. government will eventually pay on that debt IS also created.”

  • Alb3rt0

    Why dont you all look at this bill that was not signed by JFK and he was shot 1 year later because he was the only one not to sign this bill. Its on Wikipedia called “operation northwoods” it states that we (USA) will stage a terror attack on american soil and frame them (cuba) for doing it so we have a reason to invade. Look at what happened in 2001. Iraq oil was switching from US currency to euros. Then 9/11 happened and we invaded Iraq and now there back on US currency for oil. The government lies to us all and the FED runs everything behind closed doors and they pick the president do you really think our vote matters anymore. Then your dumb and need to stop watching the TV because HAARP is controling us all threw radio waves by listening to the radio and watchin TV HAARP is sending radio waves into our heads so we believe ANYTHING we see on TV and wanna buy ANYTHING these rappers and POP stars want us to buy because there all puppets for the FED and others who are starting everything for NWO. Be safe and carefull america it has started……………………..

  • Dom

    If the Reserve really was out to screw us this much I’m pretty sure that someone smarter than the guy who wrote this article would realize that (for instance, one of the presidents over the last 100 years) and put a stop to it. It would be a bigger issue. Sure, it can stir up minds of normal citizens, but you don’t think that people in D.C. would notice and put a stop to it over the last 100 years? That’s stupid

    • tony

      Do you really think that the people in DC are working in OUR interests? The last president who tried to put an end to the FED was assassinated.

  • Sigge

    Correct me if im wrong.

    Governments of other counties issue there own currency.
    By doing so they can do a currency clean up.
    By that I mean:
    Lets say that all 100x bills get a new look/design.
    All old bills have to be exchanged for new ones with the new design.
    There are 1billjon bills in circulation and 100000 of them newer get exchanged.
    Than the covernment just made 10milljon on just exchanging the bills design.
    Not just that, it just made it hard for those who have a lot of cash made illegally to wash them.

    If the dollar would be altered in design and all bill would have to be exchanged fore new ones the USA government would have to pay the banks fire every lost bill that would not be exchanged fore a new one

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