Federal Reserve Bollocks

"Whoever controls the money in any country is absolute master of industry [legislation] and commerce". James A. Garfield-(1831-1881). Assassinated in Office.

What is this federal reserve system all about then?

The "Federal Reserve." is not an agency of the United States Government. The name "Federal

Reserve Bank" was designed to deceive, and it still does. It is not federal, nor is it owned by the government. It is privately owned. Its employees are not in civil service. Its physical property is held under private deeds, and is subject to local taxation. Government property, as you know, is not.

It is an engine that has created private wealth that is unimaginable, even to the most financially sophisticated. It has enabled an imperial elite to manipulate the US economy for its own agenda and enlisted the government itself as its enforcer. It ensures its own survival by investing in more than interest rates, and is willing to go to war to secure its need in government loans and investment. If you personify the federal reserve and the government; the reserve would be with its bank friends as land owners, sitting on the balcony of their estate, while the government does all the work to whip the slave civilians to work the fields harder.

History:

American independence was fought over the rejection of British sovereignty, and it was this control which was stemmed from the British equivalent of the central banking system which demanded taxation from its 'colony'. So, how does a new economy which went against the rules of its former ruler revert back on itself and adopt those very principles fought against? The inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War. We should be very frightened now, in 2000, out of all the countries in the world, there were only nine which don't have a Rothschild central bank: Afghanistan, Iraq, Cuba, Syria, Iran, North Korea and Sudan. Now, in 2015, there are only three: Iran, North Korea and Cuba. The Afghanistan war helped establish banks in most of the 'hostile' middle-Eastern nations. It is not a coincidence that these countries are frequently attacked by western media.

The current system in place is the third of its kind in US history; stemming from the will of the banking elite: (1791-1811), (1816-1836), (1913- present). Alexander Hamilton-(1755-1804) Founded the first central bank in the United States. International bankers saw that interest-free scrip would keep America free of their influence, so by 1791 banker-backed Hamilton succeeded in starting the Bank of America. After a few years of "bank money", the prosperity of "Colonial Scrip" was gone.

Benjamin Franklin said, "Conditions were so reversed that the era of prosperity had ended and a depression set in to such an extent that the streets of the Colonies were filled with the unemployed!"

In 1811, the First Bank of the United States' charter expired, and wasn't renewed (the founding fathers bitterly opposed the bank). In 1812, there was the war implemented between Britain, its allies and America. Because the banks were hugely invested in wanting the Central bank to succeed, they withheld funds to the war cause, and strangled the people into submission. After 5 years, James Madison signed the charter for the Second Bank of the United States. So for the next 20 years, from 1817, the bank system took hold of the country once more, until Andrew Jackson was elected into power and denounced the bank as 'an engine of corruption'. He was unable to dissolve the bank, but refused to renew its charter. Huge inflation took hold after the charter was left without renewal; it was a purposeful engineering tactic by the bankers. Jackson counteracted this by issuing an executive order to force federal land payments to be made in gold or silver; removing the banks from the equation – taking four years to recover, the economy following became more stable and had great economic growth.

In 1910, bankers met secretly on Jekyll Island to draft a new federal reserve system and write the legislation to support it. In the course of a week, the nations most powerful bankers met secretly off the coast of Georgia, drafting a proposal for a private Central Banking system. Those in attendance included Nelson Aldrich, A.P. Andrew (Assistant Secretary of the Treasury), Paul Warburg (Kuhn, Loeb, & Co.), Frank Vanderlip (President of National City Bank of New York), Charles D. Norton (president of the Morgan-dominated First National Bank of New York), Henry Davidson (Senior Partner of JP Morgan Co.), and Benjamin Strong (representing JP Morgan). In 1913, two days before Christmas, when many of the members of congress were away on holiday, the Federal Reserve Act was passed. It was based on the Aldrich plan drafted on Jekyll Island and gave private bankers supreme authority over the economy. They are now able to create money out of nothing (and loan it out at interest), make decisions without government approval, and control the amount of money in circulation.

It was recognised right from the offset that to give birth to a central bank; in which the government would need to borrow bonds on finance, and accrue interest on these that many prolific people stated their outrage. Though, as we all know, power is in the hands of the people wielding it; and in terms of a capitalist society, it is in the hands of those with the money – the people with most to gain or lose when legislature comes to enforce or denounce banking systems and large scale money exchanges. In the wake of the National Banking act, which was forced by the hands of Salmon P. Chase in the wake of the civil war, and with Rothschild's bidding, Lincoln spoke out:

"The money power preys upon the nation in time of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavour to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed. "

Leaders against the Federal Reserve:

Napoleon Bonaparte-(1769-1821), who was Emperor of France, had a free hand in Europe as long as he borrowed from the Bank of Rothschilds. When he quit borrowing he was attacked by the English. Napoleon, a sympathizer for the international bankers, turned against them in the last years of his rule.

He said: "When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."

Andrew Jackson, 7th U.S. President, (1829-1837) was avidly against the system. He was elected into office without the direct support of a recognized political organization, which allowed for him to be untarnished by the power players and work for the cause of the people and not the banks.

When the 1816 charter expired in 1836, Andrew Jackson vetoed its renewal, it was then that he made two famous statements following an (unsuccessful) assassination attempt on President Jackson's life:

"The Bank is trying to kill me - but I will kill it!" Later he said "You are a den of vipers. I intend to rout you out, and by the Eternal God I will rout you out. If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning..."

President Lincoln (1809-1865) the 16th President of the U.S. Was assassinated while in Office. To finance the Civil War, he needed money, but the international bankers offered him loans at 24-36% interest. Lincoln balked at their demands because he didn't want to plunge the nation into such a huge debt. Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. Lincoln said "We gave the people of this Republic the greatest blessing they ever had - their own paper money to pay their debts..." Lincoln printed over 400 million "Greenbacks" (debt and interest-free) and paid the soldiers, U.S. government employees, and bought war supplies. The international bankers didn't like it and wanted Lincoln to borrow the money from them, so that the American people would owe tremendous interest on the loan. Lincoln's solution made this seem ridiculous. Shortly after Lincoln's death, the government revoked the Greenback law which ended Lincoln's debt-free, interest-free money. A new national banking act was enacted and all currency became interest-bearing, debt instruments, again.

John F. Kennedy -(1917-1963)-35th President of the United States- Assassinated in Office. On June 4, 1963, President Kennedy issued an Executive Order. This Executive Order called for the issuance of new currency - the United States Note. This currency was put into circulation, where it was to be distributed through the U.S. Treasury and not the Federal Reserve System. Furthermore, it was to be issued debt and interest-free. Upon Kennedy's assassination, this currency was withdrawn from circulation, never to be issued again.

Some facts:

1. The greatest period of economic growth in US history was when there was no central bank.

2. The value of the US dollar has decreased in value by around 95% since the federal reserve act of 1913.

3. There have been 10 different economic recessions since 1950. The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.

4. Quantitative easing overwhelmingly benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favours the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.

5. The Federal Reserve system greatly favours the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.

6. The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.

Due to these measures, it is almost certain that the reserve system and its large bank conglomerate will likely continue with profiting from the system in place. Even in times of great depression, or rather because of it, these banks reel in large profits. J P Morgan chase (America's 6th largest bank and war financier) made $17.4 billion in 2010 in the largest financial crisis since the great depression (1930's – when the federal reserve reduced money supply by 33% to cash in on debts). What to do about it? I don't know, maybe vote in someone who will do something about it (Bernie Sanders perhaps?)