Tuesday, February 28, 2006

Who Owns You

What is a dollar bill? Well, it's a bill. You hold that piece of paper and you owe the federal reserve one dollar. Well, technically you owe your local bank and dollar and THEY owe the federal reserve...

What value does the dollar actually represent? (this is cute so stickwith me) NONE. NOTHING. NADA. It does not represent an amount of gold, silver, platinum or any precious metal... The federal reserve agrees to give the country a loan... They say we we will loan you X amount of dollars. Then the Bureau of Engraving and Printing (part of the Treasury Department) is allowed to print x number of dollar bills (or tens, twentys, etc...), They can now distribute these pieces of paper that actually represent NOTHING to your banks... and your banks give them to you...

Now, the local banks owe the Federal reserve x dollars plus interest.... So the federal reserve makes a profit off of NOTHING.

The government can ALSO borrow from the federal reserve. THERE, ladies and gentlemen, is your FEDERAL DEFICIT.

Sooo, what is wrong with all this?

1: The Federal reserve, isn't Federal at all... it's a combination of twelve private banks formed in 1910.

2: They arent loaning ANYTHING. They''re merely saying... YEAH, print more paper.

3: They control the capital of the United States and yet we the people have no say in how they are run or what they do. Their meetings are held in secret... And the minutes of those meetings are not released for FIVE years...

In 1910, on Jeckle Island off the coast of Georgia, at the Jeckly Island Hunt club, the following people met.

Senator Nelson Aldrich: Grandfather of Nelson Rockefeller
A. Piatt Andrew: Assistant secretary of the Treasury
Frank Vanderlip: President of the National City Bank of New York
Henry P. Norton: President of Mortons first national bank of New York
Paul Moritz Warburg: A partner in the New York bandking house of Kuhn, loeb Co.
Benjamin Strong: aid to J.P. Morgan

These men decided to form a group that woudl control the money of the United States.

Paul Warburg wrote the bill that made the Federal Reserve the institution which contols the volume of money in the united states.

now listen to some presidents talk to you from the past.

Thomas Jefferson - If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered

James Madison - History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance

Andrew Jackson - If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.

Abraham Lincoln - The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity

AND THEN IN 1913 ENTER: WOODROW WILSON who signed the federal reserve act of 1913

and see how he felt about it years later.

WOODROW WILSON - 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

Now, you tell me... who REALLY owns and runs this country.

Not we the people. Not the people we fight over to elect...

Somewhere there are twelve individuals pulling the strings that tell us where and how to walk.


Blogger Suki said...

Paper money...one of the greatest conspiracies of all time! It is only as good as the person you want to barter with says it is, just like collectible comic books.

Maybe we should use collectible comics in lieu of money! They are a lot more attractive and interesting, and worth something...to me, anyway.

3:24 PM  
Blogger X. Dell said...

What's worse is that the value of US currency has been historically buoyed by two factors: (1) the good will of other nations and (2) the fact that oil is priced in US dollars.

We pretty much pissed away factor number 1 over the past five years.

If the US becomes more aggressive in the middle east, I wouldn't be surprised to see some countries pricing their oil in Euros.

We're now in an awful debt surplus, much of it to China thanks to Wal-Mart.

I realize Suki's being funny with the crack about collectable comic books, but she has a point. Hard goods, especially collectable cultural products, might become obscenely valuable if the US economy tanks like Venezuela and Brazil's have done in the past fifteen years.

1:17 PM  
Blogger Shelli Stevens said...

My dad used to work at the Federal Reserve. He was the manager of the cash department for awhile. Totally random thought, but I'm a little random.

2:12 AM  
Blogger pdxbiker said...

Great post.... Benjamin Strong, I will have a post tomorrow about his shenanigans as Fed Chairman in the year Greenspan was born.

x. dell - On March 20, Iran opens an oil exchange that will compete with NYMEX and London's IPE. This exchange will not accept FRNs as payment.

10:55 PM  

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