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.

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  • Rodster

    Awesome article Michael. :)

    • Michael

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


      • 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



        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

    • 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


  • 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


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


  • jsmith

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

    • Michael


      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”. :)


  • Geoff Yuen

    Michael, well done! I was driven to reprint it on 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.


  • 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.


  • 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


  • 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


      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.


  • 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


      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.


      • 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


        I agree – that book contains some stunning information.


  • 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


    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


      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.


  • 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:

  • 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


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


  • 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.

  • 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


      I do get tired sometimes. :)


  • 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.


  • 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


  • 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


      That is very high praise. Thank you.


  • 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


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


    • 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


      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.


  • 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

  • Robert

    Michael, excellent work. Thanks.

    • Michael

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


      • 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:

  • 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.


  • D&G

    reprint in full allowed with full attribution and links?

    • Michael


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


  • 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


      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.


  • 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:

    FEMA: (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?


  • 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. :)


  • 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. :)


  • 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.

  • 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


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


  • Orange Jean

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

    • Michael

      You are welcome Orange Jean. :)

  • Kevin2


    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

    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

      • vito

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

      • bob

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

    • enzo3003

      Submitted by truth supporter on Sat, 01/03/2009 – 14:07
      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.


      • 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. :)


  • 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.

  • Vince

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

  • 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.


  • 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.

  • 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.


    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.


  • 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.

  • 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


        • Sowrabh Behl

          Triple agreed.

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

    • Kevin2


      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’


    • 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.

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