What follows is a [size="2"]summarised and adapted transcript of a 1996 US documentary[/size] (credits later) as a series of posts. Note that the year of this documentary was 1996.
My comments in these posts are [color="#ff00ff"]{ like this }[/color]
[size="4"][color="#008080"]Part I[size="2"] (of XVIII)[/size] : The Economic Conundrum[/color][/size]
Why are we Americans over our heads in debts?
Are we headed into an economic crash of unprecedented proportions, one which will make the crash of 1929 and the great depression which followed, look like a Sunday school picnic?
[indent][font="Courier New"]"I can tell you right now, that there is going to be a crash of unprecedented proportions. A crash like we never seen before in this country.
The greatest shock of this decade is that [color="#000000"]more people are about to lose more money than any time before in our history.[/color]
But the second greatest shock will be [color="#000000"]the incredible amount of money just a relatively small group of people will make at exactly the same time.[/color]
You see, [color="#ff0000"]in periods of economic upheaval and economic crisis wealth is not destroyed. It's merely transferred.[/color]"
[/font][/indent]-- Larry Bates (Bank president for 11 years; As a member of the Tennessee House of Representatives he chaired The Committee On Banking And Commerce; Professor of Economics; Author of the best-selling book 'The New Economic Disorder')
[color="#ff00ff"]{ Note: [/color][color="#ff00ff"]{Timeline: Present} [/color][color="#ff00ff"]The crash started with Lehman Brothers in 2008, and the depression is deepening, contrary to what the US government and media reports. Right now the Euro is heading towards a collapse }[/color]
The problem is that since 1864, we've had a debt-based banking system. All our money is based on government debt.
We cannot extinguish government debt without extinguishing our money supply.
The solution lies in reforming our banking system.
[color="#008000"]
[font="Arial"][color="#008080"][size="3"]# The Federal Reserve ââ¬â is it Federal?[/size][/color][/color]
Is it really part of the United States Government?
[color="#8b0000"] [color="#ff0000"]There is nothing federal about the Federal Reserve and there are no reserves. The name is a deception[/color][/color] created back before the Federal Reserve Act was passed in 1913 to make Americans think, that their central bank operates in the public interest.
The truth is that the [color="#ff0000"]Federal Reserve is a private bank, owned by private stockholders, and run purely for their private profit.[/color]
[/font] [indent][font="Courier New"]"The Federal Reserve is neither federal and has doubtful reserve. It's a private bank, that is owned by member banks, and it was charted under the guise of deceit by an Act of Congress in 1913. December the 23rd, 1913, when most members of the congress had gone home for the holidays, the House of Representatives had passed the Federal Reserve Act of 1913.
But it was having difficulties in getting out the Senate. And most people had gone home. But one of the things I used to make sure and check is when we had a recess in legislating circles, you want to make sure that you adjourned what is called sine die without date. The Senate had not adjourned sine die without date. It was still technically in session.
So you had 3 members of the Senate, according to the Senate journal, present on that day, December the 23rd, 1913. And they passed the Federal Reserve Act in the Senate on an unanimous consent voice vote. There was no objection. Had there been one person there to object, and say in contest, the absence of a quorum, than it would not have passed."
[/font][/indent]-- Larry Bates
[color="#000000"]Even the US court has ruled time and time again that the Federal Reserve is a private corporation![/color]
Why can't congress do something about the FED?
Most members of congress just don't understand the system. And the few who do, are afraid to speak up. But a few others in congress have been bolder over the years, like the following three.
[indent][font="Courier New"]"The financial system ... has been turned over to ... the Federal Reserve Board. That board administers the finance system by authority of ... a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest profit from the use of other people's money."[/font]
[/indent]--1923, Charles E. Lindberg, a republican from Minnesota, and father of the famed aviator, Lucky Lindy
[indent][font="Courier New"]"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board.... This evil institution has impoverished ... the people of the US ... and has practically bankrupted our Government.It has done this through ... the corrupt practices of the moneyed vultures who control it."[/font]
[/indent]--1932, Lewis T. McFadden, republican of Pennsylvania, the former chairman of The House of Banking Currency Committee during the depression years
[indent][font="Courier New"]"Most Americans have no real understanding of the operation of the international moneylenders .... The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and ... manipulates the credit of the US."[/font]
[/indent]-- Senator Barry Goldwater
According to Larry Bates:
[indent][font="Courier New"]"The Federal Reserve really, even though it is not part of the federal government, it is more powerful than the federal government. It's more powerful than the president, the congress and the courts.
The Federal Reserve determines what the average persons car payment is going to be, what their house payment is going to be, and whether they have a job or not.
And I submit to you that that's total control.
And the Federal Reserve is the largest single creditor of the US government.
What does proverbs tell us? That the borrower is servant to the lender."
[/font][/indent]
From the day the constitution was adopted the folks who profit from privately owned banks (James Madison, the main author of the constitution, called them The Money Changers) had fought a running battle for control of who gets to print America's money.
Why is who prints the money so important?
Think of money as just another commodity.
If you have a monopoly on a commodity that everyone needs, everyone wants, and nobody has enough of, there are lots of ways to make a profit and also exert tremendous political influence.
[color="#000000"]The Founding Fathers knew the evils of a privately owned central bank.[/color]
First of all they had seen how the privately owned British central bank, The Bank of England, had run up the British national debt to such an extent that parliament had been forced to place unfair taxes on the American colonies.
Benjamin Franklin claimed that this was the real cause of the American Revolution.
[indent][font="Courier New"]"I sincerely believe that [color="#ff0000"]banking institutions are more dangerous to our liberties than standing armies.[/color]
The issuing power should be taken from the banks and restored to the people to whom it properly belongs."
[/font][/indent][color="#000000"]--Thomas Jefferson
[/color][indent][font="Courier New"]"History records that [color="#ff0000"]the Money Changers used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money, and its issuance.[/color]"
[/font][/indent]--James Madison (main author of the constitution)
The battle over who gets to issue our money has been the pivotal issue throughout the history of the United States.
[color="#8b0000"][color="#ff0000"]Wars are fought over it.
[/color][color="#ff0000"]Depressions are caused to acquire it[/color][/color][color="#ff0000"].[/color] <img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/blink.gif' class='bbc_emoticon' alt=':blink:' />
Yet after WWI, this battle was rarely mentioned in the news papers or history books. Why?
Because by WWI, The Money Changers with their dominant wealth had seized control of most of the nations press.
Though the Federal Reserve is now the most powerful bank in the world, it was not the first. So where did this idea come from?
To really understand the magnitude of the problem, we have to travel back to Europe.
[left]Stay tuned...
[/left]
My comments in these posts are [color="#ff00ff"]{ like this }[/color]
[size="4"][color="#008080"]Part I[size="2"] (of XVIII)[/size] : The Economic Conundrum[/color][/size]
Why are we Americans over our heads in debts?
Are we headed into an economic crash of unprecedented proportions, one which will make the crash of 1929 and the great depression which followed, look like a Sunday school picnic?
[indent][font="Courier New"]"I can tell you right now, that there is going to be a crash of unprecedented proportions. A crash like we never seen before in this country.
The greatest shock of this decade is that [color="#000000"]more people are about to lose more money than any time before in our history.[/color]
But the second greatest shock will be [color="#000000"]the incredible amount of money just a relatively small group of people will make at exactly the same time.[/color]
You see, [color="#ff0000"]in periods of economic upheaval and economic crisis wealth is not destroyed. It's merely transferred.[/color]"
[/font][/indent]-- Larry Bates (Bank president for 11 years; As a member of the Tennessee House of Representatives he chaired The Committee On Banking And Commerce; Professor of Economics; Author of the best-selling book 'The New Economic Disorder')
[color="#ff00ff"]{ Note: [/color][color="#ff00ff"]{Timeline: Present} [/color][color="#ff00ff"]The crash started with Lehman Brothers in 2008, and the depression is deepening, contrary to what the US government and media reports. Right now the Euro is heading towards a collapse }[/color]
The problem is that since 1864, we've had a debt-based banking system. All our money is based on government debt.
We cannot extinguish government debt without extinguishing our money supply.
The solution lies in reforming our banking system.
[color="#008000"]
[font="Arial"][color="#008080"][size="3"]# The Federal Reserve ââ¬â is it Federal?[/size][/color][/color]
Is it really part of the United States Government?
[color="#8b0000"] [color="#ff0000"]There is nothing federal about the Federal Reserve and there are no reserves. The name is a deception[/color][/color] created back before the Federal Reserve Act was passed in 1913 to make Americans think, that their central bank operates in the public interest.
The truth is that the [color="#ff0000"]Federal Reserve is a private bank, owned by private stockholders, and run purely for their private profit.[/color]
[/font] [indent][font="Courier New"]"The Federal Reserve is neither federal and has doubtful reserve. It's a private bank, that is owned by member banks, and it was charted under the guise of deceit by an Act of Congress in 1913. December the 23rd, 1913, when most members of the congress had gone home for the holidays, the House of Representatives had passed the Federal Reserve Act of 1913.
But it was having difficulties in getting out the Senate. And most people had gone home. But one of the things I used to make sure and check is when we had a recess in legislating circles, you want to make sure that you adjourned what is called sine die without date. The Senate had not adjourned sine die without date. It was still technically in session.
So you had 3 members of the Senate, according to the Senate journal, present on that day, December the 23rd, 1913. And they passed the Federal Reserve Act in the Senate on an unanimous consent voice vote. There was no objection. Had there been one person there to object, and say in contest, the absence of a quorum, than it would not have passed."
[/font][/indent]-- Larry Bates
[color="#000000"]Even the US court has ruled time and time again that the Federal Reserve is a private corporation![/color]
Why can't congress do something about the FED?
Most members of congress just don't understand the system. And the few who do, are afraid to speak up. But a few others in congress have been bolder over the years, like the following three.
[indent][font="Courier New"]"The financial system ... has been turned over to ... the Federal Reserve Board. That board administers the finance system by authority of ... a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest profit from the use of other people's money."[/font]
[/indent]--1923, Charles E. Lindberg, a republican from Minnesota, and father of the famed aviator, Lucky Lindy
[indent][font="Courier New"]"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board.... This evil institution has impoverished ... the people of the US ... and has practically bankrupted our Government.It has done this through ... the corrupt practices of the moneyed vultures who control it."[/font]
[/indent]--1932, Lewis T. McFadden, republican of Pennsylvania, the former chairman of The House of Banking Currency Committee during the depression years
[indent][font="Courier New"]"Most Americans have no real understanding of the operation of the international moneylenders .... The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and ... manipulates the credit of the US."[/font]
[/indent]-- Senator Barry Goldwater
According to Larry Bates:
[indent][font="Courier New"]"The Federal Reserve really, even though it is not part of the federal government, it is more powerful than the federal government. It's more powerful than the president, the congress and the courts.
The Federal Reserve determines what the average persons car payment is going to be, what their house payment is going to be, and whether they have a job or not.
And I submit to you that that's total control.
And the Federal Reserve is the largest single creditor of the US government.
What does proverbs tell us? That the borrower is servant to the lender."
[/font][/indent]
From the day the constitution was adopted the folks who profit from privately owned banks (James Madison, the main author of the constitution, called them The Money Changers) had fought a running battle for control of who gets to print America's money.
Why is who prints the money so important?
Think of money as just another commodity.
If you have a monopoly on a commodity that everyone needs, everyone wants, and nobody has enough of, there are lots of ways to make a profit and also exert tremendous political influence.
[color="#000000"]The Founding Fathers knew the evils of a privately owned central bank.[/color]
First of all they had seen how the privately owned British central bank, The Bank of England, had run up the British national debt to such an extent that parliament had been forced to place unfair taxes on the American colonies.
Benjamin Franklin claimed that this was the real cause of the American Revolution.
[indent][font="Courier New"]"I sincerely believe that [color="#ff0000"]banking institutions are more dangerous to our liberties than standing armies.[/color]
The issuing power should be taken from the banks and restored to the people to whom it properly belongs."
[/font][/indent][color="#000000"]--Thomas Jefferson
[/color][indent][font="Courier New"]"History records that [color="#ff0000"]the Money Changers used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money, and its issuance.[/color]"
[/font][/indent]--James Madison (main author of the constitution)
The battle over who gets to issue our money has been the pivotal issue throughout the history of the United States.
[color="#8b0000"][color="#ff0000"]Wars are fought over it.
[/color][color="#ff0000"]Depressions are caused to acquire it[/color][/color][color="#ff0000"].[/color] <img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/blink.gif' class='bbc_emoticon' alt=':blink:' />
Yet after WWI, this battle was rarely mentioned in the news papers or history books. Why?
Because by WWI, The Money Changers with their dominant wealth had seized control of most of the nations press.
Though the Federal Reserve is now the most powerful bank in the world, it was not the first. So where did this idea come from?
To really understand the magnitude of the problem, we have to travel back to Europe.
[left]Stay tuned...
[/left]