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The Federal (it is not Federal) Reserve (it has no reserves) is the great ponzi scheme our great, great broke ass grand children will learn about in school.

http://www.alternet.org/workplace/128241/

If the American people ever allow private banks to control the issue of their currency… the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered… The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of [private] lending institutions and moneyed incorporations.”

President Thomas Jefferson (letter to the Secretary of the Treasury Albert Gallatin, 1802)

“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government of the U.S. ever since the days of Andrew Jackson.”
President FDR (during the “Great Depression” on de facto Fascist rule in a letter to corporate monopoly charlatan “Colonel” Edward M. House, co-founder of the Council on Foreign Relations and political fixer for the ruling class. House also handled President Wilson. 11/21/ l933 from "F.D.R.: His Personal Letters”)

“The minority, the ruling class at present, has the schools and press, usually the Church as well, under its thumb. This enables it to organize and sway the emotions of the masses, and make its tool of them.”
Doctor Albert Einstein (letter to Sigmund Freud 7/30/1932. 1879-1955)

“We disapprove of slavery and the cost of the maintenance and upkeep of slaves. We prefer our English model in which we control the issuance of currency, and control of money, it allows us to control labor without the cost of maintaining it.”
Lord Baron Rothschild (private owner of the Bank of England. Quote 1849)

"Paper money eventually returns to its intrinsic value - zero."
"Those who can make you believe in absurdities can make you commit atrocities.”
Voltaire (1694-1778)

February 23, 2009 in Business/Economy | Permalink

Comments

Great post. The Jefferson quote is chilling.

Posted by: Sophmom | Feb 23, 2009 11:32:44 AM

This entry was a bombastic headline, supported by a string of random quotes culled from unrelated instances spanning over 230 years, amounting to what appears to be a conspiracy theory.

I like it better when you make an earnest effort to make a real point, supported by some research and self-education. I don't think you should revisit this subject until you can differentiate a Keynesian from a monetarist.

Posted by: siouxie | Feb 23, 2009 1:58:33 PM

I know Keynes, Aggregate demand and Monetarist theory but that knowledge does not change the fact that the value of our money is based upon nothing of value.

Please. If you are going to take the time to make a comment add something to the post.

Posted by: The Hub | Feb 23, 2009 3:58:34 PM

Just cause you looked these theories up on Wikipedia doesn't mean you have any real knowledge of economics or banking.

Are you advocating a return to gold bullion? That's what it seems like. Seems like all the Mardi Gras dubloons have gone to your head.

Please. I thought this particular post was pretty lame, and expressing that opinion added a lot.

Posted by: siouxie | Feb 23, 2009 4:47:19 PM

Alright. Now were talking.

What books should I read to stop thinking like I am? Or just shoot me some Wikipedia links. Ha.

Posted by: Humidhaney | Feb 23, 2009 6:36:53 PM

Ha?

?

Posted by: siouxie | Feb 24, 2009 3:48:54 PM

"This entry was a bombastic headline, supported by a string of random quotes culled from unrelated instances spanning over 230 years, amounting to what appears to be a conspiracy theory."

That's every post that's not plugging some sort of get together for ironically dressed folks.

Posted by: Chaz | Feb 25, 2009 10:58:40 PM

- I don't think you should revisit this subject until you can differentiate a Keynesian from a monetarist.

And you shouldn't confuse Keynes, or any other economic theory with a matter of constitutional integrity...you should learn to differentiate between the two.

Can you tell me how the Federal Reserve was formed? Can you explain to me how section 9 of the Constitution:

No Capitation, or other direct , Tax shall be laid, unless in Proportion of the Census or Enumeration herein before directed to be taken

...was amended (16th amendment) in 1913 without the popular vote the Constitution clearly required within the aforementioned section?

Can you explain to me what Woodrow Wilson meant when upon signing the Federal Reserve act he stated, "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

Does that sound like a conspiracy theory to you? Can you tell me who regulates the Federal Reserve? Is there a single government entity who has jurisdiction over the Federal Reserve? Can you explain to me why Bernanke can refuse to account for 2.2 trillion dollars when asked to by the Senate Budget Committee:

http://www.youtube.com/watch?v=kyl8c91qPbw

- Are you advocating a return to gold bullion? That's what it seems like. Seems like all the Mardi Gras dubloons have gone to your head.

He never advocated a return to the gold standard....the issue is that the Federal Reserve is neither, and our government has absolutely no recourse or ability to account for their actions. If it's such a conspiracy theory to call for the reform of the Federal Reserve, why is legislation being brought to the floor to bring the FR under the Treasury Department?

http://www.youtube.com/watch?v=QPBE15DIy8E


If you want to come in the comment section and start a pissing contest....at least stay on point.

Posted by: dambala | Mar 8, 2009 7:57:50 PM

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