“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board and through the corrupt practices of the moneyed vultures who control it.” – Rep. Louis T. McFadden, Chairman of the Committee on Banking and Currency. Congressional Record 12595-12603 (10 June 1932)
“If the people were to ever find out what we have done, we would be chased down the streets and lynched.”– George H.W.Bush, cited in the June, 1992 Sarah McClendon Newsletter
This bailout is a repeat of the last attempted Fascist coup in America,1933. Backed by the same people that backed the Fascist coup in Germany also 1933.
The Reichstag fire was an arson attack on the Reichstag building in Berlin on 27 February 1933. The event is seen as pivotal in the establishment of Nazi Germany.
“As the evidence piled up, there was little doubt that the Nazis themselves had set the fire…
The burning of the Reichstag six days before the election, depicted by the Nazis as the beginning of a communist revolution, resulted in the Reichstag Fire Decree, which (among other things) suspended civil liberties and habeas corpus rights.
Any of this sound familiar?(911,Patriot Act?)
IF THE BUSH’s ARE NOT NAZI’s OR FASCIST’s EXPLAIN THIS…….FASCIST COUP OF AMERICA ALSO 1933?
20 years of unregulated Fractional Reserve banking practices ,.. basically creating money out of thin air by creating debt, which they call money, and charging for services and interest. Artificially raising prices as more people can bid for the items.
Basically deregulating the financial services which led too`the Federal Reserve System’s expansionary monetary policy in the 1920s, arguing that the policy allowed misallocations of capital resources and supported a massive stock price bubble`
20 years later in 1933 the stock market had crashed ,the Great Depression was in full swing and America was BANKRUPT!
In 1930’s the public where also being told about the Green shoots of recovery, the Great Depression started in 1929, seemed to steady and recover in 1931ish and then collapsed completely .American did not go Bankrupt until 1933….4 YEARS LATER!!
The Business Plot (also the Plot Against FDR and the White House Putsch) was an alleged political conspiracy in 1933 wherein wealthy businessmen and corporations plotted a coup d’état to overthrow United States President Franklin D. Roosevelt. Backed by Wall Street financiers including J.P. Morgan & Co., the Du Pont interests, Remington Arms ,”A BBC documentary claims Prescott Bush, father and grandfather to the 41st and 43rd US Presidents respectively, was also connected.”
“Many traditionalists, here and in Europe, toyed with the ideas of Fascism and National Socialism; many liberals dallied with Socialism and Communism.” Cramer argues that this explains why some American business leaders viewed fascism as a viable system to both preserve their interests and end the economic woes of the Depression
The Congressional committee report confirmed Butler’s testimony :
In the last few weeks of the committee’s official life it received evidence showing that certain persons had made an attempt to establish a fascist government in this country…There is no question that these attempts were discussed, were planned, and might have been placed in execution when and if the financial backers deemed it expedient.
Why do we know so little about this???
In 1934, newspapers were controlled by an élite — according to then-Interior Secretary Harold L. Ickes, 82 per cent of daily newspapers monopolised their communities; the media down-played Gen. Butler’s testimony to protect the interests of advertisers and their owners.
MEDIA CONTROL TODAY IS EVEN WORSE .MAINSTREAM MEDIA HAS BEEN A PRESSTITUTE FOR A LONG TIME.(This why our democray has failed, our “Fourth Estate” has turned into the “Fifth Column”…. propaganda not news)
But surely Bush was just an unknowing accumplice! Well he started running companies for Pro Nazi fascists in 1924.He was still doing it in 1942.
When you consider Prescott Bush
In 1924, Bush became vice-president of A. Harriman & Co. His father-in-law, George Herbert Walker also worked with the company, as did E. Roland Harriman and Knight Woolley, Bush’s Yale classmates and fellow Bonesmen
Bush,as well as Harriman, was a member of the Board of Directors of Union Banking Corp, whose assets were seized under the Trading with the Enemy Act due to ownership by “enemy nationals”.i.e. NAZI’s
Throughout the 1930s, with the loans provided through the Dawes and Young Plans, Germany was able to create a few dominant industrial cartels, which were all financed by Wall Street bankers and industrialists. These cartels provided the basis for and main financial backing of the Nazi regime. Collaboration between the German Nazi industry and American industry and finance continued, specifically with Morgan and Rockefeller interests, as well as Ford and DuPont. The Morgan-Rockefeller international banks and companies associated with them “were intimately related to the growth of Nazi industry.” Rockefeller’s Standard Oil Empire “was of critical assistance in helping Nazi Germany prepare for World War II.” On top of this, the Rockefeller Foundation was also pivotal in not only funding the racist and elitist eugenics movement in the United States, but played a pivotal part in bringing the eugenics ideology to Nazi Germany, facilitating the beliefs that brought about the Holocaust.
Antony C. Sutton, Wall Street and the Rise of Hitler. G S G & Associates Pub
Edwin Black, Eugenics and the Nazis — the California connection. The San Francisco Chronicle: November 9, 2003: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/11/09/ING9C2QSKB1.DTL
Professor Antony Sutton: Wall Street & the rise of Hitler
Dr. Antony Sutton was a research scholar at Stanford University’s Hoover Institution. Through his scientific historical research he saw the bigger picture of how the secret US establishment (largely operating through the Skull & Bones secret society) uses the Hegelian dialectic (create thesis & antithesis to control synthesis) to create, manage and perpetuate conflict.
US Corporate financing of Soviet Russia and Nazi Germany
BUT these people do not give a “flying one” about Leftwing or Rightwing politics , just as long as its authoritarian!!!
US CORPORATE FINANCE OF USSR AND NAZI GERMANY
MOVE FORWARD IN TIME ,ITS THE 1980’s
Reaganomics and Thatcherism is all the rage , deregulating the financial industry and CREATING DEBT AND CALLING IT WEALTH ,just like in 1913…. and suprise suprise 20 years later we are looking bankruptcy in the face AGAIN!?!?!?!?!
TODAY’S CREDIT CRISIS IS CAUSED BY THE SAME PEOPLE FOR THE SAME REASONS
CONSPIRACY ,INCOMPITANCE ,COINCIDENCE OR JUST PLAIN BRUTAL GREED? Take your pick………
So,a repeat of this is ,the crisis started 2007/8 ,then expect a “recovery” 2009/10 ,this will be a fake “Pump and Dump” recovery(like before ,this is just the REAL stock market players cashing out before total collapse) ,the REAL collapse will happen 2011/12.Probably worse than before as no “New Deal” is on the cards this time. The recovery money is going straight to the bankers, the fascist coup this time has been successful. BUT if we get too restless and start asking awkward questions, expect to be sent off to WWIII.There’s too many of us sheeple running around anyway according to the government.
The FEDERAL RESERVE was created to stabilise the dollar value and create a stable market to trade in, let’s see how its done……..
The Record of the Federal Reserve
Not a day goes by without talk of the Federal Reserve, whether by the organization itself or by its opponents. An incessant cheerleader of his organization, Chairman Ben Bernanke will be the first to tell you that the Federal Reserve is an utmost necessity to the smooth operation of the U.S. financial system. Some would disagree. And while ongoing events can be difficult to objectively examine, hindsight is usually much more prescient.
Let’s set aside what The Fed says for a moment and examine what it actually does.
From 1776 to 1912 (136 years), the value of the dollar, relative to the Consumer Price Index, increased by 11%. A dollar could buy 11% more goods in 1912 than in 1776. Thus, if in 1776, you sat on your savings pile of $1,000,000 for 136 years, it would then be worth $1,110,000 in purchasing power (it will have appreciated in value by 11%). A loaf of bread for Thomas Jefferson cost the same as a loaf of bread for Lincoln 50 years later and again the same for J.P. Morgan 50 years after that.
The United States Federal Reserve System was created in 1913. The stated purpose of the Fed, by the definition taken from its own website, is to “conduct the nation’s monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.” Note that “stable prices” is another way of saying “stable dollar,” they are two sides of the same coin (couldn’t resist the pun).
After the Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913. Thus, if in 1913, you sat on your savings pile of $1,000,000 for 95 years, it would then be worth only $50,000 in purchasing power (it will have depreciated in value by 95%). One would now need to pay about 20X more than J.P. Morgan for one’s bread. Ask my mother how much the price of milk has increased just in the last ten years alone.
In other words, the value of the dollar remained extremely stable for 150 years, the Fed was created in order to “stabilize the value of the dollar,” and the result has been a 95% devaluation of the dollar in less than 100 years following its creation.
Since the creation of the Federal Reserve the economy, US and Global, has lurched from one disaster to another, a much worse result than the 100 years BEFORE the creation of the FED!!
SORRY GUYS BUT YOU ARE FIRED!!
This disasterous experiment has to stop! Fraud trials should start , as I see it was a con from the start. IF the FED is printing ALL the money AND charging interest to the government on this money (which it never had in the first place and just printed out of thin air!!!) Where do we get the money to pay the interest?? There will always be more debt than money …. this is endless ,wage slavery and it should be abolished!! OR we the people print our own money and make the FED accept that in payment , remeber it costs next to nothing to print this and you can charge the FED interest on this as well!!!
BUT the FED have been so incompitant and greedy this time ,they have broken thier own gravey train.Because of thier greed and arrogence ,no-one wants dollars anymore ,so no matter how many you print ,the more you print the less worth they all become.
CHINA DOES NOT WANT DOLLARS ANYMORE
CHINA NOW CALLS THE SHOTS
China Is Through Screwing Around, Seeks to Deploy Reserves to Buy Real Assets
Folks, China is through screwing around. They’ve made it clear that don’t HAVE to buy our debt and are quite comfortable putting their money to use elsewhere. The fact that the Fed is now buying Debt from the Treasury in this sneaky fashion makes it clear that without the Fed, we might have seen failed auctions.
And the dollar and Treasuries are on borrowed time. Indeed, the dollar may very well start the next wave of this financial crisis. If that happens, gold could very well explode through the roof.
U.S. Govt Yuan Bond Threat to U.S. Dollar
The Chinese are in town to meet with the USGovt officials on continued debt support. The public will surely NOT be told what is discussed. One informed contact wrote this morning that the US lies as a terminal patient in the Intensive Care Ward, and seeks a death with dignity from its Chinese creditor doctors. The challenge to China is to protect its main core of US$-based reserves, and to protect future investments.
The USGovt might soon issue bonds, except not in US$ denomination, but rather in Yuan currency. Out of the gate (with debt signposts), the USGovt must purchase gigantic swaths of Yuan and pay with USDollars. The result is a quantum decline in the US$ exchange rate
The USDollar exchange rate would fall with each debt issuance
The loan balance in USGovt debt would rise with a declining USDollar
The Yuan currency would be further established as a global reserve alternative
Continued trade settlement in Yuan terms would be enabled
Rise in entire cost structure to the USEconomy from commodity pricing
The risk of USTreasury Bond default grows with each passing new issuance
Rumors are ripe that in a March trip to Beijing, Secy State Hillary cut a deal promising Eminent Domain on US property in return for continued USTreasury Bond support. So maybe a shopping basket of thousands of homes, hundreds of commercial buildings, scads of idle industrial plants, and a few million acres of farmland are soon to be seized by the Chinese in exchange for USTreasury Bond debt. One must wonder. The American people, i.e. USA Inc shareholders, will be the last to know in this criminal syndicate environment, a hatched cloud from the Fascist Business Model. Seemingly on a quarterly basis, something must be handed to the Chinese for continued USTBond support. The USTreasury officials and USFed have lied through their teeth about avoiding direct monetization.
The US Embassy in Beijing confirmed the deal to the source. Hillary closed the deal. A quid-pro-quo agreement was struck, continued USTBond purchases in return for Eminent Domain option to exercise by China for property seizure, ” to physically take, inside the USA, land, buildings, factories, perhaps even entire cities.” The concepts of colonization and carpet-bagging should come to mind!
WELCOME TO THE CHINESE COMMUNIST REPUBLIC OF CALIFORNIA ,just around the corner if the US Government has its way.
SO WHAT’S THE SOLUTION??
LIBERTARIAN SOCIALISM IS THE FUTURE!!!!!!!
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” – Alan Greenspan from an article written in 1966 entitled “Gold and Economic Freedom”
“Paper money eventually returns to its intrinsic value —- zero.” – Voltaire
“You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.” – George Bernard Shaw
The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin . . . Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again . . . Take this great power away from them, and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. . . . But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.
– Sir Josiah Stamp, Director of the Bank of England, 1927
“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.” -Woodrow Wilson, after signing the Federal Reserve into existence
“All government, of course, is against liberty. The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. Most people want security in this world, not liberty.”
“Democracy is a form of government that cannot long survive,for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation.” MARX
“Whether the mask is labeled Fascism, Democracy, or Dictatorship or the Proletariat, our great adversary remains the Apparatus-the bureaucracy, the police, the military…. No matter what the circumstances, the worst betrayal will always be to subordinate ourselves to this Apparatus, and to trample underfoot, in its service, all human values in ourselves and in others.”– The French worker philosopher Simone Weil,1945
“The most dangerous man to any government is the man who is able to think things out… without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable. It doesn’t take a majority to make a rebellion; it takes only a few determined leaders and a sound cause.”