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Archive for the tag “FED”

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

Federal Reserve System

Recently I have had questions related to the Federal Reserve and the covert side of the financial world. This was published in April 2012 and a Part 2 was published about three days later. I will re-post them both and another one this week and if this captures your interest I will go a notch deeper and re-post some articles I wrote about Tavistock which might perk your interest?  C Brewer

My very close friend, Phil Sizer, has been trying to educate me about the Federal Reserve System for several years. I have read some books and several articles and it is one of the most mystifying subjects I ever tried to understand. I found on eHow.com an article written by Joseph Nicholson that provided me with some history to share. I still lack the knowledge to fully comprehend how this agency, more covert than the CIA, ever came to exists. What really intrigues me is that Congress has no conception of what, why or how they operate. I hope this posting will generate some interest in a lot of Americans to make sure their Congresspersons can explain it before the vote in November. As the news media has never tried to report on the FED, I certainly intend to ask my Representative to explain it to me.  C Brewer

A central bank of the United States has been a covert operation since its inception. Opposition to the bank was the issue that created the Democratic Party. This was the beginning of the modern two party political systems we have today. Since its inception in the early 20th century, the Federal Reserve has steadily assumed more control over U.S. monetary policy and the economy. Progressives had never tried to make giant leaps in change until President Obama started the blitz the day he was sworn in. Progressive’s who created and continue to support a central bank cite Constitutional authority under the “necessary and proper” clause of Article I.

Alexander Hamilton used this when the Bank of the United States was established under his tenure as Treasury secretary in the administration of President Washington. The creation of the central bank was vigorously opposed by then-Secretary of State Thomas Jefferson, who said that “banking establishments are more dangerous than standing armies.” The 20-year charter of the first bank expired in 1811. Five years later a second Bank was created and the struggle to dissolve the bank was the central focus of Andrew Jackson’s populist two-term presidency.

The Federal Reserve System, or (Fed), was created by act of Congress in 1913. The reason was prompted by a banking crisis in 1907. At that time, the dollar was tied to a gold standard. This made it more difficult for the government to borrow money and accumulate budget deficits. The conservative financial interests of that time desired a flexible currency that could fluctuate in value as needed. The central banking concept had proven to be very unpopular in the previous century. Then the banking interests devised a relatively decentralized banking system to oversee a more elastic currency. Woodrow Wilson, who signed the act into law and said a few years later, “I have unwittingly ruined my country … 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 most completely controlled and dominated governments in the civilized world.”

The power of the Fed over the U.S. economy became more powerful in the 1920’s. New York Fed President Benjamin Strong began the use of open market operations which is a term that refers to the Fed’s ability to purchase U.S. Treasury notes and bonds with fiat banking units, resulting in the increased supply of money in circulation. This started what was known as the Roaring ’20s, a period of financial prosperity and a stock market boom. When reality of the funny money became overt, the banks withdrew the liquidity of the money supply, the stock market crashed and set off the chain of events that resulted in the Great Depression.

During the Depression, Congress passed a myriad of bank changes. The Glass-Steagall Act required U.S. Treasuries as collateral for Federal Reserve lending. This established a limit on the Fed’s power to create money. Congress, in 1935, created the Federal Open Market Committee. This separated the Department of the Treasury and the Fed, and gave the Fed sole power over open market operations and therefore the money supply. Congress, after World War II added the maintenance of maximum employment to the Fed’s mandate. In 1956, the Fed was granted authority to regulate bank holding companies, businesses that own more than one private bank. The Humphrey-Hawkins Act, in 1978, required the Fed chairman to report money policy and goals to Congress twice annually.

In opposition to the first central bank, Thomas Jefferson stated, “If the American people ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” In the late 1970s, this prediction came true with double-digit inflation that nearly destroyed America. Congress had removed the dollar from the gold standard a few years earlier which was provided the bankers’ dream for an elastic currency. Fed Chairman Paul Volcker, by raising interest rates and controlling open market operations, gradually removed the financial burdens that had nearly ruined America.

Two months into the tenure of Volcker’s successor, Alan Greenspan, the stock market crashed again. Chairman Greenspan asserted the Fed’s role as “lender of last resort,” promising liquidity, and was able to revive confidence in the U.S. economy. Under Greenspan’s rule, during the Clinton administration, the Glass-Steagall Act was repealed. Banks entered a new 1920s-like era of speculation. The attacks of Sept. 11, 2001, again forced Greenspan to act. He lowered the Fed’s benchmark interest rate to 1 percent, stimulating an economic expansion that ultimately ended with the bursting of the housing market bubble in 2007. Greenspan, however, retired prior to the collapse, leaving the emergency to his successor, Ben Bernanke, who was ultimately forced to drop rates to 0 and to accept less credit-worthy collateral for Fed funds.

January 20, 2009 we were introduced to President Obama and “Change”. What he has done to finish the Socialist dreams of all Progressive’s, will be laughed at by historians for many years. He fully understands that to achieve these dreams, it will require America to go bankrupt. He nearly made it in three years but enough people woke up and slowed the train wreck down and will require another four years to finish the job. What scares me is he looks like he can mesmerize enough women to join his welfare legions to pull this off.

Thanks Phil, I will continue to read and share facts about this covert operation.  CB

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