Comments on: The Federal Reserve Is Holding A Conference On Jekyll Island To Celebrate 100 Years Of Dominating America: “A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve”

By: Jacko

Jacko — Wed, 31 Jul 2013 19:20:00 +0000

If the Federal Reserve were done away with, and the Treasury took over the Fed’s duties, repayment of Treasury debt would be done as it is today but without the horrendous mounting of interest due on the debt…

By: Pat Carmack

Pat Carmack — Wed, 10 Nov 2010 17:31:51 +0000

The Federal Reserve is simply a monopoly, or more properly a cartel of banks, which drafted the Fed Law of 1913 in secret at Jekyll Island in order to hide the scheme from the public. The law delegated the power to create all but 10% of the US money to their private banks. When they create that money out of nothing, the law allows them to lend it out at interest. In other words it is the goose that laid the golden egg. The result has been the rapid concentration of wealth in fewer and fewer hands – that of the major banks – and the gradual impoverishment of all other economic sectors.

For many years the banks have used the huge profits they derive from the scheme to buy and control mass media (beginning in the 1920’s) and politicians. They effectively control the ability of politicians to get media coverage and donations, and invariably control the banking committees of both houses, and approve the Presidential candidates in like manner. So the “government by Goldman Sachs” is perfectly accurate and explains why huge banks get bailed out and smaller banks and all other businesses do not.

It is a corrupted, dishonest, system that works to the harm of the national economy and has profoundly distorted the free markets in the US, which is why they are not working.

The only solution is to repeal the Fed Act. The only politician who advocates that seriously is Rep. Ron Paul (and now his son, Sen. Rand Paul). The rest are corrupted by the media control and PAC money control of the major banks.

By: Grekko

Grekko — Sat, 06 Nov 2010 13:18:59 +0000

Big Party! Mathematical experiment. I’m the Fed, I print up $10. You (the economy) borrow that $10 at 5% interest to buy a house. Over a thirty year morgage, you have to pay back about $26 total. Where does the extra $16 come from if the economy only had $10? See the ponzi scheme here? The Fed has to print up more and more money as each year goes by. This is inflation. This is currency devaluation, this is insane!

By: Erwin Alber

Erwin Alber — Sat, 06 Nov 2010 02:04:26 +0000

Interesting comment Jack! I have no doubt that what you say is correct in theory, but feel that unlike JFK, who exercised his power (to his detriment), Obama is nothing but a puppet of the psychopaths in charge, and therefore evil by extension. Evil he may be, but stupid he’s not. I remember seeing a satirical YouTube video where the incoming president is given an audiovisual presentation of the JFK murder by the Feds. Obama knows which way the wind is blowing and knows better than to side-step the agenda he’s been told to follow.

Also, even if he were to revive Order 11110 and was killed, nobody would be able to do a thing about it, just as nobody has been able to hold any of these people accountable for the the crimes against the American people such as the criminal operation of the Federal Reserve Bank, the JFK murder, 9 11, the illegal wars against Iraq and Afghanistan and the bank bailouts. In other words, history has shown that they can do anything they want – and get away with it as well.

By: Erwin Alber

Erwin Alber — Sat, 06 Nov 2010 01:51:19 +0000

Earl, there is nothing backing it now! The money the so-called “Federal” Reserve lends the US government and Americans then pay interest on is nothing but a fiction – nothing more than a computer entry – and the resulting trillion dollar debt (not sure how much it is now) is also nothing but a fiction.

I remember Bo Gritz suggesting congress issue a single trillion dollar coin to pay back the Fed banksters in order to settle the debt.

By: Earl Garretson

Earl Garretson — Fri, 05 Nov 2010 22:50:33 +0000

Abolishing the Reserve sounds great BUT what would be the repercussions? If it’s done overnight by Executive Order then what does that do to all banks? And each persons “money” in them? Could business continue to operate? If not then you have massive (as in everyone) unemployment. Even if it’s phased out over 5-10 years there will be tremendous problems. But if 10 years from now we have no Reserve and we have Federal Government issued “money”. What will back it? Our good faith in the Government? How much faith will you have if the same players put together the new order?
Also, can we Americans live without credit-cards,mortgages, auto loans,etc.etc.? Our addiction to “the good life”(how many of you are enjoying the “American Dream” when you’re so enslaved to debt?) via easy credit is a BIG part of how we arrived at this mess.
It appears to me that we’re going down no matter what happens. THE BIG QUESTION IS, “What will rise out of the ashes?”

By: Jack

Jack — Fri, 05 Nov 2010 20:55:37 +0000

http://endtheecb.ning.com/forum/topics/kennedys-executive-order-11110

Kennedy issued his US Notes for much the same reason. On June 4, 1963, Kennedy signed Executive Order 11110, which authorized the US Treasury to issue a new form of silver certificate.

Kennedy issued $4,292,893,825 of cash money; free of debt and free of interest. It was a sufficient amount to allow the nation to operate without the private Federal Reserve. Just 5 months later, JFK was shot by the “crazed lone nut” Lee Harvey Oswald. Almost immediately after Kennedy’s death, the US Notes were pulled out of circulation and destroyed except for samples in the hands of collectors.

A telling clue lies in the fact that the Warren Commission, now widely understood to have been a cover-up, counted among its seven members John J. Mc Cloy, who had served as head of the World Bank and President of Chase Manhattan Bank. A rather odd resume for a man charged with investigating a murder, in hindsight!

Subsequent examination has shown that Kennedy’s Executive Order 11110 was never rescinded. That would have taken an act of Congress, and in the atmosphere of near deification of JFK following his death, that would have brought more public attention to what Kennedy had wanted to do. So, the E.O. still stands.

I have written this commentary for two purposes. First, to remind President Obama that he already has all the authority he needs to order the US Treasury to start issuing currency. He just needs to pick up the phone or stroll through that tunnel and tell them to carry out Kennedy’s EO 11110. Obama has that authority. He does not need Congress or anyone else’s permission.

My second purpose is to send a message to the Federal Reserve. and that message is that if Obama does start issuing currency INTEREST FREE in accordance with the Constitution and Kennedy’s EO 11110, and anything happens to him (or for that matter to Mike Montagne, (mathematically perfected economy), the owners of the Federal Reserve will be our first and most likely suspects.

By: Jack

Jack — Fri, 05 Nov 2010 20:52:02 +0000

We should take to the street: END THE INTEREST!

Instead of this naieve ¨end the fed¨ stuff for which one thing is for sure that ending the fed will absolutely solve nothing as long as we allow interest on OUR medium of exchange.

What are we going to shout in a few years time when the fed is gone??…….End Goldman Sachs!?

the stupidity of these people is tremendous

By: Erwin Alber

Erwin Alber — Fri, 05 Nov 2010 14:30:44 +0000

The reunion would be a good opportunity to
1.
arrest these banksters and to put them behind bars for the rest of their lives and

2.
to abolish the “Federal” Reserve and to get the government to issue its own money instead of the debt-incurring fake money obtained from the “Federal” Reserve Bank.

By: Philip M.

Philip M. — Thu, 04 Nov 2010 22:05:51 +0000

George Soros spoke about the Fed, US monetary policy and about the deflationary perils of austerity.

George Soros gave this speech at Columbia University on October 5. 2010 warning about the deflationary perils of austerity and speculating about what governments should be doing instead.

http://www.hedgethebets.com/latest/2010/10/george-soros-at-columbia-university-deflationary-perils-of-austerity/#more-94

See if you can tell where the markets are headed (and buckle up for safety!)