FEDERAL RESERVE SYSTEM – Part two!
This is the second part of a series of articles I posted in 2012 that if the voters understand they will see where the Demoncrats are leading the people. Read all of these re-posted articles before you try to conclude your position. When I get to the “Mind Control” events it should scare every American alive today. The election this year will either full fill the Liberal-Progressive race towards Socialism. All Obama need to get finished is bankrupting America and he might finish this before he leaves, if he leaves next year. It will depend on him feeling if Hillary will finish the task.
This monster was created in 1913. As I stated in part one, the bank panic of 1907 resulted from speculators who borrowed money to buy stock and defrauded the investors. A Monetary Reform Commission chaired by Senator Nelson Aldrich wanted an elastic currency so the financial blunders of the 0.1% could be covered up by passing the costs onto the 99.9% through inflation. Does this sound familiar to anyone? The elastic currency also allowed the costs of wars to be disguised by inflation. Does this sound familiar to anyone?
The FED also included a fractional reserve banking system which permitted ten dollars to be loaned out for every dollar in deposit. This intentionally created an exaggerated credit cycle so bankers could profit from the wild swings in the prices of stocks and mortgages. The final creation was the Federal Reserve Note which is an interest bearing currency that requires us to give the banks 500 billion dollars a year in interest payments for debts which are fictions created by a law passed in 1913. The Federal Reserve System was designed to transfer wealth from the tax payers to the bankers.
Now look at some historical events.
The FED’s elastic currency made it possible for President Wilson to enter WW I. Investment bankers wanted to enter the war so they could bankrupt England, overthrow the Russian Czar who killed 60 million Russians in the process and set up Palestine as a Jewish colony to be protected by the British Army.
A similar event happened prior to WW II. The Japanese Emperor promised to withdraw from China and to even become an ally against Stalin as early as 1936. The German General Staff sent two men in March of 1938 to negotiate a treaty with the English offering to arrest Hitler. Had this been agreed to, it may have prevented the Rape of Nanking, Pearl Harbor and the atomic bombs dropped on Hiroshima and Nagasaki, as well as the invasion of Poland to the fall of Berlin. That 58 million people died for nothing does not merit a footnote in the stories told by the victorious Allies.
On 11-22-1963 President Kennedy was killed on the 53rd anniversary of the first meeting to create the Federal Reserve as a message to the voters to leave the FED alone. JFK’s death also allowed Israel to develop the nuclear weapons he had opposed. It also allowed the US to be led into the Vietnam War so America could lose it while killing a generation of anti-Communists and anti-Globalist. Un-payable debts were again amassed by America which was very good in the eyes of bankers.
The Bretton Woods Conference in July 1944 was held under the auspices of the UN. It resulted all allied currencies to be tied the US dollar. It also set up the International Monetary Fund (IMF) which most in the Third World and increasing numbers of Greeks, Irishmen, Italians and many other Europeans would agree are blood sucking imperialists. The IMF in recent years stole more than 20 billion dollars from the Irish people and has given nothing in return.
That same conference also created the World Bank which for example forbade the Egyptians to develop a self sufficient agricultural system so it would be dependent on Imperial powers. The Bretton Woods system of monetary relations worked very well for the banks of London and Wall Street until August 15, 1971 when President Nixon took America off the Gold Exchange standard.
If gasoline prices bother you, see the rip off below!
The Arab-Israeli war of October 6 to 25, 1973 resulted in the Arab Oil Boycott. Saudi Arabia decided to reduce oil production by 5% per month on October 17. On October 19, President Nixon authorized a major arms shipment and $2.2 billion in aid for Israel. In response Saudi Arabia declared an embargo against the U. S. This quadrupled the price of oil. We use dollars to pay taxes to the US government. After the Boycott, dollars could also be used to pay for oil sales between countries, neither of which had a need to pay taxes to the American government.
Henry Kissinger created the Petrodollar standard, the important points about Petrodollars are that the price of oil must be kept high so that excess dollars in the system do not circulate causing inflation and oil profits are plowed into US Treasury bonds. The Petrodollar Standard requires conflict in the Mideast to raise tensions and oil prices. It also requires banks like Goldman Sachs to use the derivatives market to buy and sell oil as many as 27 times from the time it gets pumped out of the ground until it arrives at a gas station. Higher oil prices do hurt every American’s savings, most production costs and add to unemployment. Wall Street does very well and nothing else seems to matter.
North American Free Trade Agreement (NAFTA)
NAFTA in 1994 and the subsequent devaluation of the Chinese yuan, has resulted in America moving over 50,000 manufacturing plants to other countries. This made economic recovery of the real economy impossible. In 1996 the head of CalPERS (California Public Employees’ Retirement System) that there was no point in investing to rebuild America because the decision had already been made to take America down. There was so much money being stolen from Americans by Wall Street that the only solution to the problem of missing pension funds, savings and retirement accounts was what we still suffer from today.
Trust the FED yet?
Anyone who thinks bankers are dull but honest men should consider the testimony of a former DEA agent who said it was impossible to get the Federal Reserve co-operation in money laundering cases against the “Too Big” to jail Banks. He said that 750 tons of Federal Reserve Notes had to be repatriated for just one case involving one bank. Transactions over ten thousand thousand dollars require special reports to be filled out. A case involving 380 billion dollars would have generated 38 million reports for ten thousand dollar transactions or 38 thousand at a million dollars each. It is forbidden to mention in the Controlled Press that Ben Bernanke and his predecessor Alan Greenspan are Jewish.
In 1999, politicians owned by the investment bankers, repealed the Glass Steagall Act of 1933. This Act had protected depositors from the wild speculations of investment bankers by separating the two types of banks.
This exposed the “Too Big” to Jail banks to 227 trillion dollars in potential losses from the unregulated Credit Default Swaps market. Brooksley Born was Chairman of the Commodities Futures Trading Omission in 1999 when she attempted to regulate CDS. CDS are a hybrid between insurance and derivatives which are a bet on the future value of a bond or a commodity. She knew that world was headed to a train wreck because when a bank sells a CDS guaranteeing the buyer from a loss in the value of a Greek bond no money has to be set aside to pay these potential claims. Some say the total notional value of the derivatives and CDS markets is 1.5 quadrillion dollars. The GDP of the entire world is only 60 trillion dollars. From 2008 to the end of 2011 Ben Bernanke created 30 trillion dollars to bailout bad decisions and frauds made by bankers all over the world. He has created additional trillions of dollars this year. There is no money set aside for these CDS losses thanks to the intervention of four Jewish men who told Ms Born she was not allowed to regulate CDS. The men were Alan Greenspan, Robert Rubin, Larry Summers (Samuelson) and Arthur Levitt.
The posting has several intriguing thoughts that are questionable opinions. My reason for posting this material was to make sure voters understand why the Jewish people vote democratic and how covert our banking system operates. I am still reading on the actual creation of the FED back in 1913. So far my search to trust the funny money system has not been discovered. C Brewer