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Guess How Many Nations In The World Do Not Have A Central Bank?

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OctopusCentral banking has truly taken over the entire planet.  At this point, the only major nation on the globe that does not have a central bank is North Korea.  Yes, there are some small island countries such as the Federated States of Micronesia that do not have a central bank, but even if you count them, more than 99.9% of the population of the world still lives in a country that has a central bank.  So how has this happened?  How have we gotten the entire planet to agree that central banking is the best system?  Did the people of the world willingly choose this?  Of course not.  To my knowledge, there has never been a single vote where the people of a nation have willingly chosen to establish a central bank.  Instead, what has happened is that central banks have been imposed on all of us.  All over the world, people have been told that monetary issues are “too important” to be subject to politics, and that the only solution is to have a group of unelected, unaccountable bankers control those things for us.

So precisely what does a central bank do?

You would be surprised at how few people can actually answer that question accurately.  The following is how Wikipedia describes what a central bank does…

A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state’s legal tender. Examples include the European Central Bank (ECB), the Bank of England, the Federal Reserve of the United States and the People’s Bank of China.

In the United States, we are told that we have a free market system.  But in a true free market system, market forces would determine what interest rates are.  We wouldn’t need anyone to “set interest rates” for us.

And why have we given a private banking cartel (the Federal Reserve) the authority to create and manage our money supply?  The U.S. Constitution specifically delegates that authority to Congress.

It is not as if we actually need the Federal Reserve.  In fact, the greatest period of economic growth in U.S. history happened during the decades before the Federal Reserve was created.

Unfortunately, a little over 100 years ago our leaders decided that it would be best to turn over our financial future to a newly created private banking cartel that was designed by very powerful Wall Street interests.  Since that time, the value of our currency has diminished by more than 96 percent and our national debt has gotten more than 5000 times larger.

But despite all of the problems, the vast majority of Democrats and the vast majority of Republicans are not even willing to consider slightly curtailing the immense power of the Federal Reserve.  And the idea of getting rid of the Fed altogether is tantamount to blasphemy to most of our politicians.

Of course the same thing is true all over the planet.  Central banks are truly “the untouchables” of the modern world.  Even though everybody can see what they are doing, there has not been a single successful political movement anywhere on the globe (that I know about) to shut a central bank down.

Instead, in recent years we have just seen the reach of central banking just continue to expand.

For example, just look at what has happened to some of the countries that were not considered to be “integrated” into the “global community”…

-In 2001, the United States invaded Afghanistan.  In 2003, Da Afghanistan Bank (who picked that name?) was established by presidential decree.  You can find the official website of the bank right here.  Now Afghanistan has a modern central bank just like the rest of us.

-In 2003, the United States invaded Iraq.  In early 2004, the Central Bank of Iraq was established to manage the Iraqi currency and integrate Iraq into the global financial system.  The following comes from the official website of the Central Bank of Iraq

Following the deposition of Saddam Hussein in the 2003 invasion of Iraq, the Iraqi Governing Council and the Office for Reconstruction and Humanitarian Assistance began printing more Saddam dinar notes as a stopgap measure to maintain the money supply until new currency could be introduced.

The Banking Law was issued September 19, 2003. The law brings Iraq’s legal framework for banking in line with international standards, and seeks to promote confidence in the banking system by establishing a safe, sound, competitive and accessible banking system.

Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed using modern anti-forgery techniques, to “create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives. Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.

The Central Bank of Iraq (Arabic: البنك المركزي العراقي) was established as Iraq’s independent central bank by the Central Bank of Iraq Law of March 6, 2004

-In 2011, the United States bombed the living daylights out of Libya.  Before Muammar Gaddafi was even overthrown, the U.S. helped the rebels establish a new Central Bank of Libya and form a new national oil company.

Central banks are specifically designed to trap nations in debt spirals from which they can never possibly escape.  Today, the debt to GDP ratio for the entire planet is up to an all-time high record of 286 percent.  Humanity is being enslaved by a perpetual debt machine, but most people are not even aware that it is happening.

It is time for an awakening.  We need to educate as many people as possible about why we need to get rid of the central banks.  For those living in the United States, my previous article entitled “On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever” is a good place to start.  In other countries, we need people to write similar articles about their own central banks in their own languages.

The global elite dominate us because we allow them to dominate us.  Their debt-based system greatly enriches them while it enslaves the remainder of the planet.  We need to expose their evil system and the dark agenda behind it while we still have time.

  • Rukander

    “For example, just look at what has happened to some of the countries that were not considered to be “integrated” into the “global community”…

    coincidence ?

    • kfilly

      We just had to enlighten those countries so that they could see that they were doing things all wrong. Sarcasm off

      • MichaelfromTheEconomicCollapse

        LOL

    • MichaelfromTheEconomicCollapse

      In my opinion, not a coincidence at all…

  • Tim

    The fifth plank of the Communist Manifesto is as follows.

    “Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.”

    Read the other nine planks of the Communist Manifesto, and you’ll see how far this nation (the U.S.A.) has fallen from the principles of liberty upon which it was founded.

    • MichaelfromTheEconomicCollapse

      Great point Tim. And it is true – we are far more “communist” than most people realize.

      • Avner

        If anything, we’re more “communist” than the USSR or PRC ever are/were. We spend on more social entitlement programs to people who quite frankly produce nothing than those countries ever did.. and we’re doing it with smaller populations than those two ever did.

    • Nemnor

      Michael stated – “…the greatest period of economic growth in U.S. history happened during the decades before the Federal Reserve was created…”,/i>

      Well.. as stated in various writings, the Federal Reserve of the USA (for example) was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.

      As you might have suspected, and for those who closely follow the REAL history of the world-wide Capitalist economic system, the existence of Central Banks can be seen as one of the many “symptoms” of Capitalism in it’s DECADENT stage.

      Also, remember, WW-I got really heated up about 9 months later (after the forming of the US Federal Reserve) in August 3, 1914 – when Germany declared war on France. WW-I was further confirmation that the world-wide Capitalist system had indeed became decadent.

      Finally, please be aware that – it was the SAME “free market” Capitalism (or whatever Capitalism was in the past) that NATURALLY and inevitably decayed into it’s various decadent forms – which some labeled as “corporatism” or “socialism” or “crony capitalism” or “communism” or “fascism” or “state/collective capitalism”, etc., but which is still ESSENTIALLY Capitalism (though in a decayed form), since the means of production and distribution of goods and services are MOSTLY PRIVATELY owned(the world over).

      • john

        if its in a decayed state than its no longer capitalism anymore. Communism and socialism and facism and so on are not capitalism regardless of its form! Atleast its a mix of communism and capitalism.

        • Nemnor

          john, it is still essentially Capitalism.

          And WHY?? Because in the construct/makeup of the economy of virtually EVERY country in the World, the means of production and distribution of goods and services are PRIVATELY and/or STATE owned, and at that, MOSTLY privately owned. (right?)

          So, REGARDLESS to the label applied to the economy of any particular country (i.e. “socialism”, “communism”, “crony capitalism”, etc.), and REGARDLESS to the policies of various Governments, the world-wide economy is still essentially a Capitalist economic system – by looking at which group/class of people (mostly) OWN the means of production and distribution of goods and services. (right?)

          • GSOB

            You are essential earth too. Your point is moot.

          • Nemnor

            GSOB, NO one can earnestly refute that the economy in the USA (and virtually the World over), IS indeed ESSENTIALLY a Capitalist economic system.

          • GSOB

            You are sounding like a cracked record.

          • Nemnor

            GSOB, this is how the TRUTH will sound to you and those not yet ready to accept it. (lol)

      • authentic8

        This is so wrong. It didn’t “collapse” as you say it was deliberately engineered that way by evil people and those who should have paid attention and stopped it, didn’t.

        The answer is not to just let it happen and let Socialism take over (as Karl Marx and you would have it). The outcome is *not* inevitable despite what you’ve been taught.

        Our modern civilized societies are still relatively young and such problems should be expected.

        The answer is to fight back and restore our freedom as we should have done in the first place and to learn from this lesson and make sure it never happens again.

        • Nemnor

          authentic8, the grave error made by those who seem to believe in “free enterprise” Capitalism, is that they believe the collapse/decay of Capitalism to the decadent forms we see today is “engineered” by a group of (elite) people (say, like the “Illuminati”? – if they do exist) and/or by corrupt/bad Governments and other powerful/influential individuals.

          Now, the actions of Governments and/or Central Banks and/or elite group(s) might indeed aggravate a bad situation, but it was really the SAME “free enterprise” Capitalism (or whatever form Capitalism took in the past) that naturally decayed to the decadent forms we see today.

          IF you reply to this message, I will explain HOW and WHY it was inevitable that Capitalism (“laissez-faire”/“free market” or not) become decadent, and why we can NOT go back to “free market” Capitalism.

          • authentic8

            Go ahead. An explanation would always be a good thing, of course.

      • GSOB

        Whatever you’d like to call it…. it will continue for quite sometime.
        The technology harnessed with man as the way to control private information will find its fulfillment
        our individual uniqueness.
        The BORG.
        Beam me up Scotty
        Its the only way to be sure.
        But that’s not the mark. Whatever you like to call that.

        • Nemnor

          GSOB, you stated – “…Whatever you’d like to call it…. it will continue for quite sometime….”.

          If you are referring to the decadent and declining economic system we have in the world today (and which I posit is still essentially a Capitalist economy), then yes, it does SEEM like this decadent system will go on for quite sometime yet.

          This SEEMING “longevity” of the current decadent world-wide Capitalist system is achieved mainly through an “approach” (a “plan”), adopted by the Ruling Class (“the 1%”) and their poppet Governments. An “approach”/”plan” that I labeled as a “Sustainable Decadence” plan that the Ruling Class generally adopted as a response (reaction) to Capitalism NATURALLY becoming decadent.

          At first glance, such a “plan” does not seem to make any sense, as you can not (normally) have something being “sustainable” and yet “decadent” and decaying at the same time.

          There are too much to explain how the “Sustainable Decadence” approach is carried out, but basically it involves a SLOW GRIND down into more decay, as bit by bit is taken away from the masses (like they are doing in already DOOMED Japan, but also in the UK, the USA and virtually everywhere). Ultimately, however, the “plan” will bring about WW-III (or sufficient major regional wars around the World), as the Ruling Class (“the 1%”) look forward, pass the MASSIVE DESTRUCTION of Capital and the loss of MILLIONS (even billions?) of lives, to a “reconstruction boom” (to revive decadent Capitalism), and then start a NEW cycle of EVIL.

          • LittleNutTree

            Do you think what Graeber calls a gift ecomomy would work?
            I lived for many years in the remnants of a gift system (indigenous, all but destroyed by capitalism. I was amazed at how well it worked.

    • RageHard84

      Our economy does have some communistic elements, but I can’t say we’re totally communist yet. To be fair, we’ve gotten closer to that end under our current President.
      In a capitalist economy, there may be some regulation, but the free market will determine prices, wages, and what not. There’s private ownership and economic freedom.
      In a communist economy, the government owns it all.
      In a fascist economy, things are nominally privately owned, but have to submit to a high level of government control. Hmm, sounds familiar, huh?

      • df NJ

        We are much closer to laissez faire capitalism than we are to communism. Google “Inquality in America” and look at the graph for communism in the video. We are about as far as you can get from communism and still have a currency with any shred of value.

        • RageHard84

          LOL no. We have minimum wage, we have the central bank controlling interest rates, and we have a high level of government control over industries. Doesn’t sound like laissez faire capitalism to me. It seems like to a large degree we are fascist.

          • Scott Garbus

            The minimum wage is so low, that it is a joke. The central bank doesn’t directly control interest rates, that is a lazy oversimplification. They influence rates, primarily, through the buying and selling of bonds.

        • ter ber

          We are in the USA a Government by Oligarchy. The Republic is long gone. ) :

      • Syrin

        Sorry, but you are wrong. A recent study showed that if the costs incurred by US gov’t economic regulations were an economy unto themselves, it would be the TENTH largest economy in the world. Our government is putting it’s boot on the throat of the economy and stomping down harder every day,

        • RageHard84

          So, basically, you’re saying we have fascism.

          • You do.

          • RageHard84

            So Obama’s a fascist. OK then. Well, we do have heavy government regulation under him.

          • Dictatorship increased slow but steady, it’s not just a matter of latest president’s rule. If right near the 90’s, fascist-like laws were rare, the issuing of them by the XOs trick increased exponentially lately.

          • RageHard84

            I suppose we’re more of a dictatorship now, considering some if the more recent XOs violate the checks and balances.

        • Kaspar_Goering

          You have a faulty way of viewing Government regulation. If the regulation of the US government is tenth in size of economies, then that means that Americas economic effect is in the top ten – that’s all! It shows you can arrange things in an ordinal fashion – nothing more.

          If anything there needs to be MORE regulation to prevent the wealthy class from robbing the middle class like they did in 2008.

          • RageHard84

            OK, let’s list certain government actions that would not be in a free-market:
            The bailout.
            Fannie Mae
            Freddie Mac
            Subsidizing loans, thus artificially driving up housing prices
            Tell me how more government actions will fix things.

          • Kaspar_Goering

            OK. How about what America would be WITHOUT those things?

            Ever been to the Philippines? Or rural Mexico? Or the “libertarian paradise” – Somalia?

            That is what the “free market” gives people.

            Without Government you have Anarchy and poverty.

            Only civilized people pay taxes.

          • RageHard84

            Actually, I have been to the Philippines. I honestly don’t think any of that things would make the situation better. In the Philippines, there’s a lot of government corruption.
            America got to a point where it was before it had all those things. It’s because of non-free market actions America is declining.
            Rural Mexico I’m not really sure all the details about our there, but from what I understand, a large issue is organized crime running wild.
            As for Somalia, I understand the situation isn’t good there, but it’s better than when they had a socialist government.
            Finally, I do not advocate anarchocapitalism. Some regulation is acceptable. But free market should determine prices.
            Explain how the things I listed specifically help the economy.

          • Kaspar_Goering

            quote:America got to a point where it was before it had all those things.

            This is plainly false. Before the “progressive era” of the 1880’s America basically had two classes of people: The Rich and everybody else. It was BECAUSE of the Organized Labor Movement as well as the New Deal of FDR that help create the large “middle class” that America used to have before the failed policies of Ronald Reagan.

            youtube. com/watch?v=z5CCRI1vdwE

          • James

            that would be a good idea if the government WASN’T PARTNERED WITH THEM!!!!!!

      • Mondobeyondo

        At the present time, the U.S. is anything BUT a constitutional republic. We’re on the verge of tossing the Constitution into the paper shredder. (NDAA, Patriot Act, yada yada). If Obama had his way, he would probably do just that. I’m not quite sure where we’re headed – probably somewhere in between communism, fascism, a quasi-monarchy or a plutocracy.

        • RageHard84

          I don’t agree with everything Ron Paul says, but he had an argument for why our economy is corporatist which actually made some good points. According to him, a corporatist economy is one where the government works in collusion with favored business interests, in some cases to the harm of competitors and consumers. If he’s right, that explains why we have the lack of economic freedom conservatives and libertarians want, but we also have a lot of the wealth inequality that bugs those with a socialist/communist outlook.

          • Rebecca

            This is corporatism. The collusion between the Bigs and government heavily regulates small businesses into bankruptcy as it is intended to do. Those regulations are written by the Bigs’ attorneys and submitted by their pets in government.

      • GSOB

        So sad, so sad.
        And its getting more and more absurd.

      • SunnyFlaSnotress

        I see nothing wrong intrinsically with any Centrality.. it just tends to be good organization.. it’s why there are cities, leaders, nations, etc
        There’s nothing intrinsically Communist or Republican about centrality.. the real issues is the power and governance.

    • nobody

      Haven’t you read the article? The Federal reserve isn’t a run with State capital, it’s an entirely private enterprise, that’s one of Michael’s main points.

      • df NJ

        It’s really funny how people only know how to criticize communism. Everything is communism. What we have is out of control unfettered laissez faire capitalism. The Federal Reserve has a monopoly and answers to no one. Every president that has tried to get rid of the Federal Reserve or decrease their power has been murdered in office. The monarchy will do everything possible including using nuclear weapons to preserve the monarchy.

        • GSOB

          Perfect example of what an oxymoron is.
          Do a search in your comment and see if you can find it.
          Thanks

        • Gay Veteran

          under capitalism there is no such thing as To Big To Fail

          • Nemnor

            Under “free market” Capitalism you would not normally have “Too Big To Fail”. BUT, under MONOPOLY Capitalism you can definitely have such a thing as “Too Big To Fail”. (the important point here is that it is still CAPITALISM – though not genuinely “free market” enough.)

            However, what is not yet realized by some in this blog is that – it was the SAME “free market” (“free enterprise”) Capitalism (or whatever form Capitalism had in the past) that NATURALLY (and inevitably) transformed into MONOPOLY Capitalism, and then (in the case of the leading Capitalist countries) into IMPERIALIST Capitalism (like the USA, for example), and with both (monopoly or imperialist) taking on various labels like – “fascism”, “crony capitalism”, “socialism”, communism”, “corporatism”, “21st century socialism”, etc.

        • RageHard84

          OK, under capitalism there’s no bailout, Fannie Mae, Freddie Mac, government subsidized loans, but we’ve all those things in our current system.

    • Mondobeyondo

      Chant after me now…
      “Land of the free, and the home of the brave”…

    • bluesky

      Written by the kenites.

    • Enrique Gaitan

      I am not defending nothing but there is a difference between a centralized national bank and a private central bank (Fed).

  • Catman

    The Central Banks are here stay whether we like it or not.

    • Ex Deo

      I totally disagree. Their days are numbered. Whether it is a year or a decade. The countdown has already begun. Understand Steins law of economics.

      ” If something cannot go on forever, it will stop”.
      -Herbert Stein

      • df NJ

        All types of governments can only exist because the people allow it. More and more people are waking up to the idea that a system that preserves monarchy at everyone else’s expense is pure slavery.

    • huththa

      Murder is here stay whether we like it or not. Corruption is here stay whether we like it or not. Robbery is here stay whether we like it or not.

      Your point?

      • df NJ

        I think a system can be designed to make sure corruption is kept to a minimum. There’s a reason why most of the casinos cameras are pointed at the dealers and not the customers. If the casinos can achieve some semblance of self-governance in atmosphere of unadulterated greed it seems to me then it is a theoretical possibility it can be achieved within our federal government.

        • huththa

          Very good point df NJ. The big question is, who is going to step up and fight the corruption? Kennedy tried but was bumped off. Ron Paul was not allowed anywhere near that opportunity. Hopefully Rand Paul will fare better …

          • Gay Veteran

            Rand Paul has already backtracked on cutting the Pentagon budget

      • Catman

        My point? The central banks are not going away. If anything, they will merge at some point and the influence of the whole will be greater than the sum of the individual central banks. Any attempt to eliminate them will be roundly criticized and defeated by those in a position to eliminate them. The number of murders, robberies, and incidences of corruption can be reduced because political will still exists to reduce the number of murderers, thieves, and crooks from society, but not central banks. They are seen as essential to financial stability now more than ever. They are here to stay. That’s my point.

        • huththa

          I was imagining what your position would have been two hundred plus years back when America was fighting for independence. You would have probably been resigned to British rule, proclaiming that they were too powerful and not “going away”, and that any attempt to end it would be roundly criticized and defeated by those in a position to end it. The British were also seen in many quarters as essential to “stability”. You know how that story ended. I will agree with you to the extent that central banks are not going to willingly give up their power. You can reach your own conclusion.

          • Catman

            The difference between then and now, and this is a crucial difference, is that back then many if not most of the colonial statesmen were in favor of curtailing the power of King George and were prepared to fight troops loyal to him. They were willing to engage in serious push back. This is not at all the case now. Look around at the Congress and those now running for president. The only one interested in auditing the Fed with conviction is Rand Paul. Even he does not talk about ending the Fed because it’s a non starter in the times in which we live. Every once in a while one the candidates will talk about eliminating the IRS to rally the conservative base, but we all know it’s just hot air: no one will do it. I am all for revolt against tyranny, but one must have leadership, conviction, and the willingness to sacrifice one’s livelihood to do so. How many politicians or folks do you know who are willing to do that? This is the consequence of running a nation without any accountability to God for the stewardships we hold. It’s everyone for himself. BTW: I’m not a n apologist for the central banks, but I am a realist. Pushing 60 will make you that way.

  • andy sloan

    Money should never be loaned at interest! It is against God’s laws.

    Psalms 54:12

    And injustice. And usury and deceit have not departed from its streets.

    • Balambalam

      Those laws do not say that it is forbidden to loan at interest for everyone though. It was forbidden to “loan at interest to your brothers (i.e. Israelites), however you can do it to the stranger and the foreigner” who live in the borders of Israel (we are speaking in Antiquity here).

      As for the modern time, nothing says it is forbidden per se – and we don’t live in the border of Old Israel. However there is a rule who says that every seven years – at the end of the seventh year – any debt must be cancelled, a kind of reset for the people, but again those rules were for Israel.

      This being said, I think it would be a really good idea to apply it nowadays, but let’s be serious, the bank have to much to gain from loaning at interest, the whole economy works on that premices…

      • Agree. There is not one chance the Banking System would apply such a principle. Think about the Trillions they would lose observing that principle…

  • Avner

    Michael,

    you’re hitting nothing but home runs lately with your articles. Another informative, yet concise, article about the financial side of things.

    From what I understood, Syria and Iran didn’t have Central Banks either.

    • Mondobeyondo

      You are correct. They did not.

    • Mondobeyondo

      Are you starting to sense a trend here?

      Submit to a central bank voluntarily, or we’ll make you submit to a central bank. In other words, we’ll invade your desert sandbox and take what’s available (i.e. oil). And then we’ll create a central bank for you and your peasant population. Something along those lines.

    • esqualido

      The point is that no nation whose citizens are determined to live within its means has any need for other than a normally functioning Treasury Department, such as existed in the U.S. until 1913.

  • JailBanksters

    Governments should control their own Currencies, not private Banks
    Governments should never have to borrow money
    But most importantly, Governments should manufacture their own Weapons of War, not private enterprise and governments should own and maintain all Infrastructure, not private enterprise or any kind of partnership.

    • nobody

      That’s how all the socialist countries in Europe have functioned up until 1989.

      • JailBanksters

        So that broke, today the USA has Fascism, that is also failing. Right now the US is stuck in perpetual wars because it’s in the best interest of it’s War Machines makers share holders to kill more people each year, and those shareholders are Banks.
        China has Communism with Capitalistic tendancies, and the USA has privatized profits with socialized loses so that’s Capitalism with Socialistic tendancies. Both of these are failing quite misarably because of greed.

        • Gay Veteran

          the business of China is business,
          the business of America is war

    • authentic8

      I’d rather government control currency than private financiers not accountable to any market. But there are other solutions that have been suggested: Let currency be free and compete on the free market itself. Competing free currencies (like Bitcoin) may have their own problems but there may be less than any centrally-controlled alternatives.

  • rentslave

    Now you know why they want Jackson-an opponent of central banking- off of the twenty.

    • XSANDIEGOCA

      They want to put a Slave on the note. Very appropriate.

  • tom

    Economic collapse? who cares. i know I can always go out to the country and ask you people for food? I will say”what would jesus do?” thanks in advance!

    • ter ber

      Now we know you live in your patents basement. Little pinhead atheist.

      • df NJ

        His sarcasm saying Christians would have no compassion may be valid.

        • ter ber

          He will not come to ask for food, he will come to rob people. Because he serves the father of lies. News flash- Christians opened up 99% of the hospitals in the world. And atheists Stalin, Hitler and Mao were only good for running death camps.

          • huththa

            You really did your research and came up with that 99% figure? Did you round it up or down? Wow, I’m impressed – NOT. And I can just as easily give you examples of genocidal Christians (who massacred Native Americans (North and South) and Aborigines) and atheists who serve humanity (millions of Buddhists for a start). It’s getting tiresome to see constant blind ignorance of your own faith’s failings, and having to resort to putting an entire group of people down based on a few bad apples. That’s called PROFILING and GENERALIZING and STEREOTYPING. Ever heard of that?

          • df NJ

            I think we can agree there are equal amounts of evidence for saints and devils in all types of people.

            Just to lighten it up a bit, what I find kind of strange is the number of observatories owned by the Vatican.

          • huththa

            *we* can agree df, because *we* are rational people. That does not hold for certain others in these threads …

          • ter ber

            A little judgmental are you? So much for tolerance on your part! LoL! First of all Born Again Christians do not go around annihilating people. Remember we believe God’s Word when He says man was made in the image of God. Many false Christians, Thats why Our Lord and Savior Jesus Christ says during judgement day, He is going to tell them, “I Never Knew you.” No its you atheist doing the mass killings. And all the school killings too here in the good ole USA. In fact the famous columbine high school massacre, were two young atheists who believed in the religion of evolution. One of their t-shirts said ‘natural selection”. What a surprise.

          • GSOB

            I wonder if you could entertain the hypothetical,… that perhaps those two NY prisoner escapee’s, by the tools, were Christians?
            Is not that possible?
            no e in judgment.

          • ter ber

            Acts 16: 25-36
            About midnight Paul (Apostle) and Silas were praying and singing hymns to God, (in Jail) and the prisoners were listening to them, and suddenly there was a great earthquake, so that the foundations of the prison were shaken. And immediately all the doors were opened, and everyone’s bonds were unfastened. When the Jailer woke and saw that the prison doors were open, he drew his sword to kill himself, supposing that the prisoners had escaped.
            But Paul cried with a loud voice, “Do not harm yourself, for we are all here!”
            And the jailer called for lights and rushed in, and trembling with fear he fell down before Paul and Silas.
            Then he brought them out and said,”Sirs, what must I do to be saved?” And they said, “Believe in The Lord Jesus, and you will be saved, you and your household.”

          • GSOB

            I guess you are saying No?

          • huththa

            Oh I’m completely being judgemental here. When somebody calls atheists “pinheads” along with other insults, I see no need to “tolerate” such behavior. So I will push back at you with the same venom that you spew out, and if you can’t handle that then that’s your problem.

            Oh so now we are singling out Born Again Christians as the holy group? What about all the other Christians? Can they be evil? Your belief in the word of some imaginary man-made fantasy is not going to convince any atheist that you have somehow “won” the argument.

            And there you go again, accusing ALL the mass killers of being atheists. Right after I gave you counterexamples. No, now you’re cherry picking Born Again Christians and the Columbine massacre. Really? It is boring trying to debate you guys. Next you’ll be saying that Charles Darwin was a mass murderer. Please come up with something more original than hurling insults and ad hominems, and imagining that because SOME killers are atheists, then ALL killers must be. Pathetic.

          • Gay Veteran

            “…Again Christians do not go around annihilating people….”
            ever hear of the Inquisition? the murder of millions in Central and South America?

            “…all the school killings too here in the good ole USA….”

            committed by people who were on psychotropic drugs

            but go ahead and smear atheists

          • ter ber

            When you talk about the Catholic Church you are not talking about Born Again Christians, you are talking about a false religion imbedded with demons, who not only killed Jews, Muslims, Native American people, but Born Again Christians like John Hus, William Tyndale, thousands of others.
            For the record I have broken all of God’s Moral laws, his 10 commandments in thought or deed. (Thou shall not Kill) but the difference is I have been washed by the Blood of the Sinless Lamb, our Lord and Savior Jesus Christ. Who came to set the captives Free! Repent and Believe.

          • Gay Veteran

            “When you talk about the Catholic Church you are not talking about Born Again Christians, you are talking about a false religion imbedded with demons….”

            oic, only YOUR type of Christian is a true Christian

            riiiiiiiiiiiiiiiiiiiiiight

          • Gay Veteran

            Christians did there fair share in killing people

    • GSOB

      Matthew 4:3

  • XSANDIEGOCA

    Somehow the country was founded, survived a civil war and thrived all before the Fed. Since the Fed we have had two World Wars, massive inflation, financial crises by the bushel. Maybe it is time to rethink this? In 1949?, the German Economy was non existent. Inflation rampant. People starving. Then the German Government did something. It declared the exchange rate to be 4 marks to the dollar, which was tied to Gold and the preeminent currency on the planet. In very short order, you had what is now known as the German Economic Miracle. Maybe we tie our currency back to Gold? Impossible! you say? Well, I believe things are going to get more impossible if we do not.

    • df NJ

      I’m not sure it has to be tied to Gold. It just has to be interest free.

      But even if we did get rid of the Federal Reserve would it address the fundamental problems of our country? I don’t think so.

      People need meaningful work with livable wages. Since our country has lost its national identity I doubt people will ever have enough compassion to promote the general welfare for the sake of increasing our commonwealth. It’s every man for himself. We have no national pride for our cities and other symbols of our country’s might. But our military supported by our national debt is terrific. What does the flag represent now????

      • XSANDIEGOCA

        Your points are excellent. We are not the country we were 50 years ago. Not even 30 years ago. The damage is deep. Can we recover? I do not know. We need Leadership and we are not getting it.

        • df NJ

          Leadership is easy. All you have to do is find a parade and step in front of it.

          What we need is a very well defined parade. Right now we have right wing and left wing points of view. But the people are coming together. We are not there yet but there’s something bubbling up in the ethos.

          People know something is deeply wrong. We just do not have a common language to represent it. Or, in other words, people know something is wrong yet everyone is using their own existing language to criticize it.

          For someone in a red state BIG government is the problem. For someone in a blue state BIG corporate monopolies are the problem. But both sides are sick of the misery of having an ever decreasing purchasing power of their take home pay. What good is having an XBox when food and housing make you a slave.

          It’s funny how the people who live close to DC do not trust the government. And the people who live close to Wall Street do not trust the mega-corporations.

          • XSANDIEGOCA

            Where is our Churchill?

          • df NJ

            We need our parade first.

          • GSOB

            Christians need to rebuild the foundations, using the Bible as their guide.

          • GSOB

            Christ the Lord is King of kings. He reigns now. Seek Him, His Kingdom and His righteousness and all these things will be added to you.

            1 Corinthians 6:2

      • Gay Veteran

        “…What does the flag represent now????”

        empire abroad and the national security/surveillance state at home

    • A friend

      Excellent thoughts. See, I’d love to hear some meaningful discussion coming out of our 2016 candidates relating to returning to the gold standard (or whatever else) as one of many starting points to get back on track. But who do we have now? Billary – thanks but no thanks. And Jeb – who knows. Probably a repeat of George. See, I have candidate fatigue and we are still a long ways off from 2016.

      The damage is indeed deep. If people get pissed off enough we could see the tide turn. But the pain inflicted would have to bee deep and great. Let’s see…outsourced job? 401K at zero due to a sept market crash? Obamacare breaking your wallet? Food no longer on your table for your kids? EMP take out your air conditioning? And all you hear about is Caitlyn Jenner? Yep, that would make any sane person over the edge.

      • XSANDIEGOCA

        If we started today, it would take a decade at a minimum to do the turnaround. Sacrifices across the board would be called for. It would not be easy. In fact, there would be suffering aplenty. Frankly, I am not sure our political system could handle the strain. Some sort of military takeover for awhile might be necessary. Look, we used be a lithe 160 pd marathon runner. Now, we have blimped out at 360 pounds and we have trouble getting off the couch and waddling to the toilet. Truth be told, sometimes we don’t make it…. The French Foreign Legion had a saying for recalcitrant marchers: March or Die! Well, we are going to have to start marching and there will be blisters on our feet..

        • Afriend

          Yes. Makes you wonder what 10 years from now is going to look like here in the USA. What jobs will remain? Personally I wouldn’t be surprised if we start seeing politicians getting shot.

      • Gay Veteran

        we are given the illusion of choice

    • SmallerGovNow2

      there were central banks before 1913. Andrew Jackson eliminated one and i know there were others. the bankers though always seem to claw their way back into control…

      • df NJ

        That’s only because they control the printing presses of history. Do you really think our high school history books are going to explain the real reason why there was an attempt to murder Andrew Jackson while he was in office?

  • krinks

    It all falls into line. You’ll not be able to buy nor sell unless you take the mark. This means that it is inevitable that all finance go through a single authority that will then give its power to the beast.

  • df NJ

    Hail Hyrdra!

  • Nexus

    The only bank worthy of our trust is the Bedroom Bank of Under Mattress

    • df NJ

      Until the storm troopers crash into your home taking all your gold and silver under the auspices of homeland security.

  • A Friend

    Even in my university’s economics classes, the FED was never presented as an evil thing. It simply just “was” or rather “is here to stay”. And that is what is so frustrating. Not even the next generation knows or understands this is a problem entity with no accountability to anyone. Back then I didn’t have the internet to read articles on sites such as this. Ah well at least I know now.

    • df NJ

      Anyone who goes against the Fed is quickly labeled as evil.

      • GSOB

        For the love of money is the root of many evils.

  • jakartaman

    Centralization for anything is generally bad or will turn bad.
    Even our military, which is centralized, has always had the nimbleness to adapt when required. Japan’s weakness was that they needed top command decisions before they could act. Our forefathers knew this and that’s the reason we need to go back strong to STATES rights.

    • True Grit

      My read on the Constitution is that the people have all the rights and they granted a very select few rights to the government!

      • df NJ

        I am trying to understand your point of view but I am having trouble. I think our secular rights come from the “Bill of Rights”. We have government based on secular laws. As a result, we have secular rights. We may have divine rights that go beyond the bill of rights. But in terms of government and law, I think our federal and state laws determine our governance. Are you saying people have a right to break any law they want?

        • Gay Veteran

          I think he is saying that when we formed the government that we granted the government certain powers but retained all other rights for ourselves.
          And our rights do not come from the Bill of Rights, instead the Bill of Rights recognizes our rights

  • A friend

    Michael, in Dec 2011 you wrote an article on 100 reasons why the FED needs to be discontinued. You wrote ” If Congress took back the power over our currency and started issuing debt-free money a lot of our problems could be fixed”. Let’s say we start issuing those notes again. Has any president since Kennedy or any candidate in recent years spoken of this action as a viable one to your knowledge? I only recently learned of Kennedy’s actions. I’d like to learn more about this topic. Also, how do you speculate this money issued will fare in an economic collapse. When the green seal notes are tanked, will the red seal notes be viable? Or is the trust shattered in the USA either way? I wonder…

    • huh ?

      … the common mistake people make is they think the government is authorized to “issue” money, but no where in the Constitution does it say anything about “issuing” money, but only to “coin” not print money as paper money is what causes inflation via counterfeiting, whereas gold and silver can’t be counterfeited. The way it works is people already own the gold and silver – back then usually in gold and silver dust – but dust is clumsy and easy to lose/spill so the people would take their gold and silver in whatever form to the mint and the mint would melt it into Spanish milled coins (which have serated edges to prevent, or at least reduce the chance of people shaving slivers of the gold and silver off to make another coin – that way even a blind man could run his finger around the edges and see he got his full weight of gold and silver) and charge a small fee for the service. Martha Washington had her silver tea set melted down and turned into the very first U.S. coins.

  • Tom_F

    Really appreciate the point Michael makes that “greatest period of economic growth in U.S. history happened before the Federal Reserve was created.” The problem today in comparison, is that we are breeding the wrong section of the population that has lower education, doesn’t pay their own way in taxes, and isn’t motivated to contribute to an improving society. Yet, their votes (which will soon include illegals) count 1-to-1 with the winners in capitalism. There isn’t anything in it for a 19-year old babymama with AFDC housing and welfare to vote for lower taxes or abolish/audit the Fed. This is a problem, just like any political will to cut government spending; we have ‘tipped’, and there are now far more ‘in the wagon’ than ‘pulling the wagon’. This is why I love this site, great analysis, discussion, and Michael is correctly warning us to act accordingly.

    • df NJ

      RE: ” 19-year old babymama with AFDC housing and welfare to vote for lower taxes”

      Does anyone really believe in their heart of hearts that all our problems are because of the people living on Welfare and not the money hoarders insatiable desire for their next fix of money heroin. The key word in Central
      Bank is “central”. I think the money junkies with their political power are much more relevant to our misery than all 19-year old girls on Welfare. Money talks, everything else is BS.

      • Tom_F

        Capital is fungible, and put to some use, somewhere. Even if you put it under the bed, like a drug-dealer, you have some options. All the babymamas, the 43% that pay no Federal Income tax, the 85% of American citizens that pay no tax or less tax than it takes to subsidize them with government spending, the broken school systems, crumbling infrastructure, ‘Occupy’ anarchists that go back home to mommy and daddy or school when summer is over, they all contribute nothing. And they are the ones that put Obama in office, put Democrats in office in every major metropolitan region, support a culture of disrespect where police are provoked on-camera or off, by reaching under the seat, into their waistband, not obeying lawful orders, rushing up on that officer Eric Casebolt within one foot causing him to pull his gun on two Black males with aggressive intent, etc…. STOP HAVING BABIES YOU DON’T HAVE TIME, MONEY, INTEREST OR SKILLS TO RAISE~~!! All society’s problems like unemployment, blight, poverty, healthcare, education, etc. will be unburdened in a generation if those limited resources are used for people who actually contribute with money and service to society.

        • df NJ

          I disagree with your opinion. I just don’t think welfare mothers are the root of our problems. If we got rid of all federal and state taxes tomorrow, it would not make any difference to our misery and the number of people unemployed. The lobbyists force the politicians to pass laws creating cartels and monopolies in exchange for campaign financing. The cartels and monopolies are gouging the consumers. We have no free markets. We have nothing to wring out the inefficiencies in the corporate bureaucracies. On top of that the workers are not being paid enough because so many are unemployed. Since the Chinese have pegged the Yuan 6 to 1 against the dollar we’ve had huge unemployment. Pegging the Yuan 6 to 1 means a CEO gets 6 Chinese workers for every 1 American worker. So all our factories have closed. When you do not have workers you do not have consumers. No consumers means very slow job growth.

          How can I agree with you that welfare mothers are the problem when my local movie theater is charging $18 for an adult ticket? How can I agree with you when practically every factory in New Jersey is now closed? How can I agree with you when my healthcare rates have gone up 3 times inflation for 25 years now. How can I agree with you when income inequality is at all time highs.

          I want to try to agree with you but the facts do not support your opinion. Google “inequality in America” and look at the graph for “dreaded” socialism. No matter what you think is going on in this country your perception is not even closed to reality.

          I want to agree with you and just let poverty kill the welfare mothers and babies. But I do not think it is the real problem in our country.

          • Gay Veteran

            Americans cannot compete with countries (like China) that have near slave labor wages and conditions and NO environmental regulations.
            but police bootlickers like Tom_F just wants to blame democrats and poor people

        • Gay Veteran

          “… ‘Occupy’ anarchists that go back home to mommy and daddy or school when summer is over, they all contribute nothing….”
          they got people’s attention to the real problem: Wall Street banksters and the top 0.1%
          “…And they are the ones that put Obama in office, put Democrats in office in every major metropolitan region, support a culture of disrespect where police are provoked on-camera or off, by reaching under the seat, into their waistband, not obeying lawful orders….”
          jeez, so much BS so little time.
          democrats=republicans
          and the police are PAID by the tax payers to enforce the laws, NOT to break the laws by unjustly beating, tazing, and murdering people

          • Tom_F

            1) ‘Occupy’ accomplished nothing of value to society, nothing changed.
            2) Dems are responsible and have ruled over blighted urban areas for decades. “Blacks” are now “disappointed” in Obama and wonder if voting is worth it? What is it that “Blacks” need that everybody else doesn’t need? In 2012 when Romney was asked at a Town Hall what he would do for HIspanics, he answered correctly “nothing.” Why do Hispanics want a second-helping of the govt. spending pie? How have Blacks and Hispanics come to believe they are deserving of more than the rest of us?
            3) Hopefully you do know that it is a long-standing policy of urban black males to provoke police, and then lie about it when police use violence. If you don’t know that by now, you haven’t been paying attention and you certainly haven’t been moving around urban areas where this provocative behavior is acted out on everyday citizens (making extended intense eye contact, walking right up into your personal space with a threatening manner and then moving away quickly to startle and scare, spitting as you walk by to show disrespect and provoke some reaction, and even the occasional “knockout game” that victims never see coming).
            4) Why are 70%+ of blacks born out of wedlock, majority live in single-parent homes, and 1-in-3 males get involved with the justice system? Search “FBI Table 43 Crimes by Ethnicity” and explain why Black Males (3% of the U.S. pop.) between 16-35 are committing 38% of all violent crime.

          • Gay Veteran

            “1) ‘Occupy’ accomplished nothing of value to society, nothing changed….”

            OWS tried to wake the American people up. At least the people in OWS got up off their a sses.

            “…2) Dems are responsible and have ruled over blighted urban areas for decades….”

            democratic mayors were NOT the ones who shipped MILLIONS of American jobs overseas.
            that was due to the actions of democratic AND republican Congresses and presidents

            “…3) Hopefully you do know that it is a long-standing policy of urban black males to provoke police, and then lie about it when police use violence….”

            Hopefully you do know that it is a long-standing history of cops unjustly beating, tazing, and even murdering and then lie about it

            “…4) Why are 70%+ of blacks born out of wedlock, majority live in single-parent homes, and 1-in-3 males get involved with the justice system?….”

            1-in-3 males? has a lot to do with the War on Drugs where whites commit the same crimes yet are not arrested as much as blacks

            “…Search “FBI Table 43 Crimes by Ethnicity” and explain why Black Males (3% of the U.S. pop.) between 16-35 are committing 38% of all violent crime.”

            how much of that is due to drug disputes?

            simple solution, legalize drugs

    • T.

      So, what are some of the actions that are taking personally in light of the problems given us by the Federal Reserve and the government, which you have mentioned above?

      • Tom_F

        Give me a ‘for-instance’. Like examples you, yourself, do.

        • T.

          “for instance” financially or other areas where you have seen the need to change the way you are doing things from prior to being made aware of the problems that you cite.

          • Tom_F

            What are you talking about? What is it you, personally, do financially or in other areas, exactly?

    • Gay Veteran

      things would be different if the corporations hadn’t shipped MILLIONS of American jobs to China, India, Vietnam, Mexico, etc.

      • Tom_F

        Well, if the queen had balls, she’d be king. The jobs ‘shipped’ overseas happened because of globalization, which liberals think is a good thing. Help all those downtrodden third-world souls, etc. But the bottom line is those jobs are done just as well for a fraction of the cost, and the main benefit of that reduced cost to Americans is a 0.2% inflation rate.

        • Gay Veteran

          hey Einstein, we have massive unemployment with millions on food stamps.
          ALL of those jobs are desperately needed here in America.

          but hey, so long as some korporate CEO gets his bonus the country can burn, eh

          • Tom_F

            We have massive unemployment and underemployment because it is too expensive to employ a $9/hr worker more than 29 hours/week and be required to pay for their healthcare. The $15/hr minimum wage debacle will only accelerate the growing underclass. The CEO needs to lay off 10% of the workforce so that that other 90% get to KEEP THEIR JOBS! The CEO is a hero, trying to survive the Obama deficit spending and ZIRP continued by the Fed simply because Obama has increased the Federal debt by 40% in 6 years (I’ll do the math for you genius, $18trillion/$13trillion = 1.38, with 2 years to go gonna be a lot higher) Who would open a business today, under these conditions,and who would employ someone with no skills for $15/hr?

          • Gay Veteran

            At least you got part of it right, the costs of health care (due to monopolistic practices in the medical field by your beloved korporations).

            However, you choose to ignore the fact that American workers cannot compete against slave labor in China and also where China has NO environmental regulations.

            “…The CEO is a hero….”

            riiiiiiiiiiiiight, what is the compensation for your beloved CEOs today in comparison to their workers?

            “…The CEO-to-worker compensation ratio was 20-to-1 in 1965 and 29.9-to-1 in 1978, grew to 122.6-to-1 in 1995, peaked at 383.4-to-1 in 2000, and was 295.9-to-1 in 2013, far higher than it was in the 1960s, 1970s, 1980s, or 1990s….”

            “…Who would open a business today, under these conditions,and who would employ someone with no skills for $15/hr?”
            hey Einstein, the skilled jobs have been shipped overseas

          • Tom_F

            Chinese are better workers. China isn’t burdened with a horrendous legal and union system, and entitlement mentality like we have in the U.S. You don’t need to pay a U.S. worker $25/hr to make tennis shoes or jeans or put hubcaps on a car, when a non-English speaker can do the same work better for $2.50/hr.

          • Gay Veteran

            jesus, keep on licking the boots of the multinational korporations!

            “…China isn’t burdened with a horrendous legal and union system….”

            ROFLOL, China is a dictatorship where workers cannot form unions.

          • Tom_F

            ****”…China HAS A PRESIDENT, CONGRESS, PREMIERE, 22 AUTONOMOUS PROVINCES, AND A CONSTITUION, where workers cannot form unions…”*** FIFY And isn’t it great worker’s can’t form unions? In the U.S. today, the only unions not dying are government cabals representing slackers and mediocrities who couldn’t get another job if they tried. China is winning. U.S. corporations are losing. Not sure what the ‘licking boot’ comment means, maybe that is a Gay military fetish.

          • Gay Veteran

            sounds like you need to follow your korporate masters to China. Remember, BREATHE DEEP

            “…Not sure what the ‘licking boot’ comment means….”

            you licking your master’s boot

  • huh ?

    Was watching a documentary about Grace Kelly on PBS and they showed an old news clip interviewing the Prince when they first got engaged and the one newsman ask if it was true that they didn’t have an income tax in Monaco, to which the Prince answered “Yes, that’s correct”. The newsman then asked in puzzlement how they were able to run their country without an income tax, to which the Prince then responded “Indirect taxation”; which is exactly how America’s taxing system is actually designed to run.

    • GSOB

      We live in a generation that tends to make up its own rules about relationships and marriage

      • toadsticker

        Who made the rules before this generation?

      • Gay Veteran

        yeah, unlike previous generations.

        oh! I forgot about all those miscegenation laws

  • Pan Hu

    Communism and capitalism…it doesn’t really matter what terms you use, they are both secular materialist ideologies which result in the same dead end of spiritual decay and nihilism if they become completely divorced from faith (whether in God or man). If anything, China’s rise since 1989 has proven that these two seemingly polar opposites are virtually interchangeable as expediency would demand it. This is a post-ideological, post-constitutional world: even so, we have much to be thankful for if you just look around and forget the attention-grabbing headlines for a moment.

    • df NJ

      RE: “secular materialist ideologies”

      German philosophers are the intellectual Zeitgeist of the New World Order. Nietzsche proclaims everyone else’s dogma is false. It’s funny how everyone thinks their own dogma is the only one true dogma. All dogmas are built on a set of axioms or assumptions. Nietzsche is the worst kind of dogmatist because he thinks his own dogma is a self-evident truth without any axioms. He is not aware of his own axioms and the limitations they impose. He criticizes all other dogmas as being meaningless, false, and having “erroneous conclusions”. This is because he is unwilling to accept anyone else’s axioms are being valid. Nietzsche proclaims God is dead. Nietzsche proclaims the soul is meaningless. Nietzsche proclaims Christianity is irrelevant. Nietzsche proclaims Christian morality is not important. In the absence of a life affirming moral compass all we have left is a domination ideology. The powerful elite justify their crushing of humanity as their personal right without any moral consequence. Sieg heil!

      In Nietzsche’s World, there are no rationale reasons to believe in God or support the existence of anything divine. The word divine has lost all of its meaning. For a system of thought to have any value or meaning, you must make a free-will choice to accept a dogma’s axioms as being true. This is a fundamental aspect of all dogmas. Dogmas are like priceless works of art. Each dogma should be treated with an absolute reverence. An absolute reverence because how you treat another person’s cherished dogma is exactly how much your own dogma will be respected.

      Nietzsche proclaims everything is meaningless. But it is also meaningless that it is meaningless. So what is meaningful or what is meaningless becomes a free-will choice. We need a new philosophy to counter the Germans. Call it “Beyond Indifference”. We need a new intellectual foundation that will allow us to return to a culture where having a life affirming morality is important. We need to restore having a belief in God and the divine is not simply dismissed out of hand as a childish mythology. If the sons and daughters of the powerful elite really want to get back at their parents all they have to do is choose a different set of axioms than Nietzsche’s set.

      • EgbertThrockmorton1

        dfNJ,
        Excellent post and points.

        • df NJ

          Thanks, you made my day. The battle for what is righteous, good, and true, is being waged on many fronts!

    • GSOB

      Not entirely true.

  • Bill

    Capitalism receives negative pitch from the destructive democrats who want to tear it apart with their manipulative destruction led by the iranian muslum white house and supported by the corrupt banking system.

    True capitalism rewards hard work. Hard work strengthens capitalism. The destructors give things away to destroy the incentive for hard work and thus destroy capitalism. If capitalism was free to flourish it would sustain itself and the world-just what the destructive, manipulative, currupt government officials and bankers don’t want to see happen.

    • df NJ

      With all due respect, laissez faire capitalism is not without its problems. When you have laissez faire capitalism, greed will inspire laws to be passed creating cartels and monopolies. As time goes on the value of the government’s currency will become worth less and less as it is concentrated into fewer and fewer hands. As Marx predicted, laissez faire capitalism is always followed by communism because once a government’s currency collapses, the people in breadlines will demand MORE government not less.

      I appreciate your concerned with corrupt and inefficient government destroying our pursuit of happiness. But can you also please consider that the cartels and monopolies gouging the consumer is an equal threat to our pursuit of happiness.

      • Bill

        I think you are almost understanding my point. The manipulators understand the reaction to their action. The manipulators say they are the protectors of greed when they are really setting up the system to steal it blind. They are the robber barons not protectors.

        • df NJ

          I am way beyond your cynicism. All government is a boondoggle for billionaires. Government by the rich, for the rich, screw the worker.

          • Bill

            I think we agree.

          • df NJ

            Looks like.

      • Gay Veteran

        “…When you have laissez faire capitalism, greed will inspire laws to be passed creating cartels and monopolies….”

        very true

    • Gay Veteran

      democrats=republicans

    • Nemnor

      Bill, you do not understand the true nature of Capitalism (“free market”/”laissez faire” or not). Capitalism became decadent, NOT because of the “manipulative destruction” of a person or group of people.

      Rather, it was the SAME “free market” Capitalism (or whatever form Capitalism had in the past) that NATURALLY (and inevitably) decayed into the various decadent forms that some labeled as “corporatism” or “socialism” or “crony capitalism” or “communism” or “state capitalism”, etc.

      However, underlying these various economic labels, is Capitalism in it’s essential form. ANY good dictionary would tell you (briefly) that an economy is “Capitalist” – IF the means of production and distribution of goods and services are (MOSTLY) privately and/or corporately OWNED. (right?)

      Now, the above (basic) definition for a “Capitalist” economy is (essentially) TRUE, for the USA and virtually every country in the world today! (right?)

  • df NJ

    The hyrda graphic is amazing. Seig Hydra!

  • Voice of Freedom

    Notice how people who oppose central banks wind up dead. The only U S President to take down the central bank was almost killed: President Andrew Jackson said, “The bank, Mr. Van Buren, is trying to kill me. But I will kill it.” Three days later, Jackson announced his veto of the bank charter.
    I believe that the Federal Reserve remains unopposed in the US because of payoffs, threats, and / or marginalization by the corporate owned media. The same group controls the money printing press and the news printing press. The alphabet news organizations focus on topics like “Caitlyn Jenner” instead of informing the public about real issues. Next they will take down the free flow of information on the Internet.

  • GSOB

    You need to tune up

    • Gay Veteran

      what???
      SRVES339 made some good points

    • SRVES339

      Good one…

      Btw… clearly you do not play or you’d understand when you have several guitars ALL U F&*%ING DO is tune up :-)

  • GSOB

    ” With Christianity, we are all equally valued and loved in the eyes of God. ”
    That’s a humanistic viewpoint.
    Christ died for the elect.
    You do not believe because you are not my sheep.

  • Yooper

    Just even more evidence of the approaching NWO, with the creation of central banks in almost every country. Almost all tied to the IMF and World Bank…

    • toadsticker

      Where are you from in the U.P.?

      • Yooper

        The Soo.

        • toadsticker

          I’m from Grayling

  • sk1951

    Great article. To bad no one is awake enough to understand it.

  • GetReal4U2

    get ready…September approaches quickly…

    • Gay Veteran

      as does October

  • bluesky

    A Rothchild controlled central Bank.

    • df NJ

      Monarchy rules.

      • bluesky

        They think. I read the book, they lose.

  • Marco

    I believe it was Mayer Rothschild who famously said “give me control of a nation’s money, and I care not who makes the laws.” And he’s right. Money is power and when you control the money you control pretty much everything.

    • df NJ

      Google “None dare call it conspiracy: Origin of evil; The Money Masters” for a great 3 1/2 hour video supporting your assertion.

  • Kaspar_Goering

    Those decades before the creation of the Fed were wrought with financial panic and poverty for the vast working majority in America. If you were a Rockefeller, Morgan, or Carnigie then life was VERY good. But for most Americans who were rural farmers, life was a bit challenging to say the least.

    It was THESE Americans who DEMANDED the “progressive” reforms of the time by supporting these amendments to the Constitution:

    16th – permitted Congress to levy taxes based on individuals income
    17th – gave voters the power to elect their senators
    18th – barred manufacture sale and distribution of alcoholic beverages
    19th – granted women full voting rights

    All of these amendments help transform America from a dual class of Wealthy elites and poor workers to a third class that was in the middle – the Middle class. Without these reforms there could be no hope for common people to ever enjoy the fruits of their labor.
    Prohibition proved to be a disaster much like the so called “War on Drugs” that the CONSERVATIVE Nixon declared almost 40 years ago.
    However, it has been the Graduated Income Tax that has provided America with much of its prosperity by shifting income to the vast working classes instead of concentrating wealth at the top. Every time in American history where there was a concentration of wealth at the top there has been social unrest – during the Great Depression as well as the Great Recession we are experiencing now.

    • df NJ

      Nothing has changed for centuries:

      How the 14th-Century Lombard Banks Created the Dark Age

      “In Italy itself, these bankers loaned aggressively to farmers and to merchants and other owners of land, often with the ultimate purpose of owning that land. This led, by the 1330s, to the wildfire spread of the infamous practice of “perpetual rents,” whereby farmers calculated the lifetime rent-value of their land and sold that value to a bank for cash for expenses, virtually guaranteeing that they would lose the land to that bank.

      • Kaspar_Goering

        The so called “Dark Ages” in Europe were created by dogmatic catholic Christianity. The largest land owner in the world had always been the Catholic church. And most of the Banks of Europe were run by the Catholic appointed Jewish “Goldsmiths” to ensure that Christians could not go the hell for charging usury on loans.

        Yes. You are correct. Not much has changed. Except the “crooks’ now are mostly White Anglo-Saxon Protestants who still hate the Jews but use them for their own nefarious dealings.

  • Gay Veteran

    “… at least begin to wonder if perhaps central bankers and socialist bureaucrats might actually know a lot of sensible things that are either beyond the grasp of ordinary folk ….”

    riiiiiiiiiiiiiiight, because we peasants should just kowtow to our betters

  • secretMD

    Protocols of the Elders of Zion

  • jox

    It is very sad that the patriotic sentiments of americans are so easily manipulated. Fabricate one false flag attack and two headlines and americans will be quickly supporting a war against any country. Or they will support a coup such as in Egypt or Ukraine.

    The countries whithout Roschildt controlled central baks were Libya, Syria, Iran, Afganistan, Ukraine, Russia, …. wait, do you see the pattern? If a country doesn’t submit, it is considered ‘axis of evil’ by the americans. As simple as that!

  • RedPillPlease

    Revelations 13 explains why the world’s currency must be controlled in the manner for which we see today. And as an aside, the occult elites in America are busy readying themselves for their “expectant one” to arrive on the scene in the latter part of July 2015. David Flynn’s brother Mark, details the inner workings of the occult world and how the stage was set in his book, “Forbidden Secrets of the Labyrinth: The Awakened Ones, the Hidden Destiny of America, and the Day after Tomorrow.”

  • Alasha

    Hi Michael, just a fyi – Alex Jones said on air Friday that he would like you to come on his show for an interview! i have heard you on other radio interviews, however, to hear you on Alex Jones would be a real treat and i guarantee you – your servers will have a meltdown from all the traffic!! Godspeed!!

  • John Blythe

    Michael, you left out Yugoslavia… which had historically been a neutral state for many years during the Cold War period. In the mid 1980’s, Yugoslavia’s national debt had spiraled out of control and the World Bank and IMF deliberately destabilized the country imposing a series of austerity measures against the Communist government which resulted in the rise of nationalism among the Muslims, Croats and Serbs, even though the Serbs tend to get blamed the most. Once those republics declared independence… Slovenia, Croatia, Bosnia and Herzegovina and civil wars started, U.S. recognition and European Community recognition established central banks in those republics while sanctions were imposed on the newly formed FRY (which consisted of just Serbia and Montenegro). After the civil wars ended, the U.S. still tried to destabilize the FRY and the government of Slobodan Milosevic. These efforts culminated in the backing of KLA and al-Qaeda terrorists in Kosovo in 1998/1999 resulting in the Kosovo War when the Yugoslav military had to intervene in the violence there. Bill Clinton then waged an illegitimate NATO war on Yugoslavia in 1999 bombing Belgrade and surrounding areas in an effort to force the Milosevic government to give up Kosovo which he ended up doing… shortly thereafter, the U.S. established the largest military base in Europe based specifically in Kosovo and also privatized all of Kosovo’s natural wealth and minerals including a major oil pipeline through the region which it just so happens that Halliburton got the contract for that. Isn’t it interesting that history keeps repeating itself and U.S. involvement has the same track record of destabilizing countries, yet they never intervene in worse human catastrophes….

  • ejhr

    Commercial banks create 97% of the money supply. Central banks spend new money into the economy. All the money in the country is the accumulation of central bank money over time. The CB’s regulate the money supply. Treasury instructs CB’s to make payments. The CB doesn’t do it off its own bat. It has to have instructions.

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