Di seguito tutti gli interventi pubblicati sul sito, in ordine cronologico.
In this installment of Peter Joseph's public access parody,the subject of Security and True Safety will be investigated. The evil terrorists are revealed to be at it again with a new airline scare; our Guy In A Tie reminds us of who is in control and a special award show finds a very special recipient in the Gun Control Debate.
Special guest appearances by Chad Fisher (Alex Jones) & Rick Overton.
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In this episode, Peter investigates the nature of War and human conflict; the White House declares War On Nature itself; a french chef prepares an international delicacy for the kids; Louie the Logic Gremlin returns to piss everyone off and our Man on the Street gets rowdy.
Special guest appearances by Stephane Chivot, Katie Goodman & Rick Overton.VIEWER DISCRETION ADVISED: You will see Peter Joseph's Alter-Ego's nipples.
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"You might sit down to watch this and go, “Oh fuck. Fuck fuck fuck.” And you’d be right. And you might say, I can’t do a goddamned thing about this.
All I want to do is have a bottle of wine -- or two -- instead. And you’d be right…if you stopped there. But it seems the only thing that ever has really changed anything is a change in thought. Peter Joseph and the Zeitgeist Movement is doing that. But, like, really. The flat world is looking rounder.
I so want to have that bottle of wine, but Peter entices me with a reason not to. Or maybe I’ll have it, but then
tomorrow I think I’ll try to unfuck things up a bit."
Culture In Decline Episode #3 covers a new disease epidemic rapidly spreading across the world: "Consumption-Vanity Disorder". A disease spread not through a mutating virus or genetic predisposition - but through cultural "Memes" - turning the world into a cesspool of mini-malls, fashion obsessions, fake tits and belligerent gadgetry.
Special Guest: Comedian Lee Camp
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"Maybe it's while you're shopping. Maybe it's while you're watching television. Maybe it's while you're applying spray-on tanner to your fake breasts.
We all have those moments each and every day when we feel, even if just for a second, that we're living in an illusion, that we have bought in to a paradigm that doesn't fit and can't sustain. "Culture in Decline" abuses your illusions and molests your thoughts in all the right ways. Peter Joseph brilliantly and cleverly pulls back the shower curtain to reveal a species circling the drain. Love it or hate it, I promise you'll never be quite the same after watching it."
The topic of this show entitled "Economics 101" deals with the subject of Economic Calculation, Market Rationale and its effects, along with considerations of the Scientific Principles of Sustainability. This episode features long winded and generally insulting rhetoric, a special guest Gremlin, CID's "Man on the Street" and the return of the evil peach-suit capitalist - Peter's alter ego.
"Culture in Decline" is a satirical yet serious expression that challenges various cultural phenomena existing today which most of society seems to take for granted. Nothing is considered sacred in this Series except for a detached benchmark of fundamental logic and reason - forcing the viewer to step out of the box of "Normality" and to consider our societal practices without traditional baggage and biases. Common themes include Politics, Economics, Education, Security, Religion, Vanity, Governance, Media, Labor, Technology and other issues centric to our daily lives.
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President Obama signed an executive order to close Guantanamo 5 years ago. It's still open, and even the 77 people cleared for transfer continue to languish there.
But there may be an opening. Late last year, Congress gave President Obama greater flexibility to transfer cleared detainees, thanks to pressure from Amnesty activists like you.
What is he waiting for? Tell the President to transfer the 77 cleared detainees and close Guantanamo already!
Since Obama signed the executive order five years ago:
4 men have died waiting for justice – including Adnan Latif, who died in Guantanamo in 8 years after he was cleared to leave.
155 people remain in legal limbo or subject to unfair trials. Each should either get a fair trial in federal court or be released.
Over 100 men have gone on hunger strike to protest their unlawful, indefinite detention. One of them, Shaker Aamer, has been cleared to leave since 2007. The number of hunger strikers has reportedly risen dramatically since December.
Tell the President: Do what you promised. Close Guantanamo.
If any other country were responsible for the human rights vacuum of Guantanamo, the US government would surely condemn it.
The force feeding of hunger strikers is barbaric:
"You are…strapped into a specially made chair and having restraints put on your arms, your legs, your body and your head so you cannot move. [You have] a tube inserted into your throat that extends into your stomach, and you’re trying to resist that with the only muscles that are free – in your throat." – Constitution Project's Task Force on Detainee TreatmentAt least two detainees were force-fed in a chair twice a day for close to four years. It is intensely painful.
Obama administration authorities have stopped releasing hunger strike counts to hide the extent of the protest. Shame on them.
Flood President Obama with messages: End the hypocrisy. Transfer the cleared detainees and close Guantanamo.
Let's do this,
Director, Security & Human Rights Program
Amnesty International USA
TAKE ACTION NOW, LIKE TURISMOASSOCIATI.IT DID
This opening show addresses the 2012 US Presidential Election and the subject of what we perceive as "Democracy" in the world today.
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"Peter Joseph is asking the questions and proposing the possible solutions that we should be demanding from the elected leaders of this crazy world.
His brilliant analysis of this ridiculous system we're operating under is one of the most important voices for change in this generation."
... IT CONTINUES.
ALL FIAT MONEY BECOMES A PROFIT FOR THE FED HIDDEN BY THE FRBNY; THE OPERATION TRANSFERS ALL THE WEALTH OF THE NATION TO “FINANCIERS”
If the Fed holds the security until maturity, as in the example, the government must redeem it at maturity. The government has no money (it spent the fiat money created upon issuance of the security) so it gives the Fed another security (it rolls it over). The Fed can then sell the new security and has the redeemed value as profit. In actual practice, the Fed can sell the initial security and the two steps have merged into one. The waiting period to receive the profit has been eliminated.
If a security is sold at auction, as approximately ninety percent of them are, the Fed receives the value of the security from the Primary Dealer and the ultimate purchaser is eventually reimbursed by the Treasury at maturity. The U.S. Treasury is authorized by 31 USC #3111 to issue an “obligation” to buy or redeem maturing debt. Whether auctioned or not, the Fed receives the value of the security. The value of all T-securities held by the Fed until redemption is a clear profit for the Fed, as is the value of all securities sold to and held by Primary Dealers, funds, nations, states, or financial institutes that create inflation.
Low interest rates will reduce gain for security investors but will provide cheap money for commercial banks to loan. Much of the interest from T-securities held by the Fed must be returned to the government as a result of 1970’s legislation, so the Fed has little motivation to raise rates to make more money--they receive the value of the security.
The total value of auctions in 2010 was $8.4 trillion. Approximately $6 trillion of the securities sold matured in less than one year. http://www.treasurydirect.gov/instit/annceresult/press/preanre/2010/2010.htm
The handling of auction funds is the responsibility of the FRBNY. Ref. GAO FINANCIAL REPORT TO SECRETARY OF TREASURY, Nov 2010, page 17 of net; p14 of hardcopy. http://www.treasurydirect.gov/govt/reports/pd/feddebt/feddebt_ann2010.pdf
. Confirmation of the practice is in ACCOUNTING FOR TREASURY SECURITIES AT THE FEDERAL RESERVE BANK OF NEW YORK , GAO /AFMD-84-10, May 2, 1984, page 9 of 30, http://archive.gao.gov/d5t1/124060.pdf
. Additional confirmation is found in the Fed’s ANNUAL REPORT: BUDGET REVIEW 2010, “The Reserve Banks auction, issue, maintain and redeem securities…(and handle) paper U.S. savings bonds and book-entry marketable Treasury securities.” p 5. This writer concludes the sales are credited to an account of the Fed and not to an account of the Treasury. There is no inflation if it is otherwise.
The $8.4 trillion in income does not reveal itself in the ANNUAL REPORT TO CONGRESS; Ref. Tables 10 and 11, pages 454 to 462 REPORT for 2009. Id. (Auctions are not Open Market transactions. Securities that are not sold are assigned to SOMC.) This $8.4 trillion is concealed from Congress and the public.
“Aha!” exclaims a disciple of the Fed. “The above analyze proves the integrity of the Fed. The $8.4 trillion is obviously being used to pay the redeemed securities and the sale and redemptions are off-setting.” And thus would the Fed beguile the naďve. Indeed, the Treasury’s receiving the value from auctions for that purpose is widely proclaimed in media publications. Treasury financial statements claim “borrowing from the public” finances government operations. However, direct transfer of money from the public cannot, in any way, expand the monetary system or result in the creation of fiat money (i.e., inflation) any more than can the payment of taxes by a private entity. The label is deliberately misleading.
The $8.4 trillion is concluded to pay the $7 trillion redeemed securities with $1.4 trillion being available from the securities for deficit spending by Congress. The T-securities possessed as an asset by the Fed are sold at auction and the $1.4 trillion is retained by the Fed while Congress spends the book entry credits. Where the $1.4 value from the auctions is entered into the books of the Fed, and to where the $1.4 trillion goes, is not available information. This is how the fiat money of inflation is created as detailed earlier.
The $7 trillion for the rollover of redeemed securities does not produce inflation or add to the national debt. The auctioning of deficit funding securities increases the amount of credit in existence and adds to inflation. It also increases the national debt. By merging the two different groups of auction funds, receipts and payments for redeemed securities (by PDs) can be concealed with receipts of debt securities and payments to owners (PDs). The national debt has increased $7 trillion during the past 6 years and is considered hidden profit by the Fed.
It is assumed the IRS knows nothing of this income or profit. Whether Title 12 section 531 or some other provision excludes such income for the corporate Fed from taxation is for Congress to determine. However, taxation of the Fed is completely different from taxation of (unknown) shareholders of the BOG..
The deficit spending of $1.4 trillion required Congressional approval. The $7 trillion roll-over required no Congressional action but occurred pursuant to 31 USC #3111. With the national debt at approximately $15 trillion, the average maturity of Treasury securities is about one year.
The gain from the debt securities is laundered with auction receipts of rollover securities and the profit is distributed to the owners/PDs mingled with payments for redeemed securities. Rollover securities, sold to the public with an average maturity of approximately one year, do not add any additional inflation nor do they increase the national debt. If debt securities were handled in the same manner, there would be no national debt nor any inflation.
Every dollar of inflation is profit for the Fed yet it does not show up on any income statement or balance sheet of the Fed. Profit of the Fed has been identified by the courts and legislation as belonging to the government. Title 12 section 247 imposes upon the BOG a responsibility to make a “full report“ to congress. The law also provides “Whoever embezzles, steals, purloins…money or thing of value of the U.S…” is guilty of a crime. Ref. 18 USC 641. Anyone who knowingly “covers up by any trick, scheme, or device a material fact” of a fraud against the United States can be imprisoned for not more than five years. Ref. 18 USC 1001. In addition, if two or more individuals “conspire…to defraud the U.S. (and) effect the object of the conspiracy” they are each punishable by incarceration. Ref. 18 USC 371. Anyone knowing of such an offense who “relieves, comforts or assists the offender…to prevent his apprehension, trial or punishment, is an accessory after the fact.” Ref. 18 USC section 3, see also 656, 657, 1005, 1341, 1344. Each of the approximate 500 auctions annually could be a separate indictment count.
Does “accessory” include any congress-critter who, after being informed of this scheme, does not expose and prosecute the perfidy of the Fed?
INITIATING THE SCAM---AND THE RESULT
Similar historic banking operations declared they loaned value to the king and therefore they should receive interest from the loan. The pretense is a sham. Congress and the Fed have agreed they are going to rip-off the public by devaluating the currency. Each party acquires purchasing power from the scheme. Congress gives a promise to pay (a security or collateral) which is given to the Fed and the Fed gives a promise to honor the government’s checks with fiat book-entry money (printing press money, i.e., FRN‘s, a legal tender--a debt of the Fed). A “legal tender” is a commodity that is required by law to be accepted for a contract stipulating another commodity (i.e., the original contract is for dollars; you must accept FRN denominated in dollars). It is an acknowledgement of debt that can never be paid because there is no lawful money available. Title 12 section 411 clearly stipulates “(Federal Reserve notes) shall be redeemed in lawful money on demand at the Treasury Department of the United States… or at any Federal Reserve bank.” Good luck with that. You will only receive more debt of an under-capitalized federal corporation created by Wall Street bankers during a week-long retreat on Jekyll Island and blessed by a rump session of Congress.
To get the scheme started and the con game financed by third parties, it must have the appearance that interest is their source of profit and a gain must be made from the brokerage difference. A prime concern for the Fed under these conditions would be the difference in the value credited to the Treasury account and the value received from the auction. If the value of securities purchased by the public is transmitted directly to the Treasury, there cannot be any inflation, but then there is no gain to the Fed from book-entry money. The percentage taken by the Fed from the auctions for profit can even be variable but is hidden without an audit.
If the Fed projected a guise of a brokerage firm selling government bonds to the public, it would be a simple arrangement with minimal investment or risk. The currency in circulation in 1913 was non-interest bearing U.S. Notes. After the operation was set up and the New York Federal Bank was handling the accounting, it would be a simple shift of accounting procedures to have the securities accepted by the bank as owner instead of as a broker. The difference allows the bank to create fiat money (inflation or Federal Reserve Notes) as a profit for the bank. Whether this falls within the parameters of embezzlement or other crimes depends upon many conditions.
The courts have repeatedly concluded the profits of the Fed belong to the United States. Ref. Scott v FRB of Kansas City, 405 F3d 532, 535; In Re Hoag Ranches, 846 F2d 1227. The fact that the income is not reported is suggestive of subterfuge.
But the courts are merely upholding legislated provisions. The disposition of the Fed’s profit was established by the Federal Reserve legislation of 1913: “[A]ll the net earnings (of Federal reserve banks] shall be paid to the United States as a franchise tax…(and) be applied to the reduction of the outstanding bonded indebtedness of the United States…” Section 7, paragraphs 1,2. Any reduction of the “bonded indebtedness” (nation debt) is unknown; any net profit received from the Fed may has been pooled with general revenue. The residual of a Fed bank’s assets after dissolution or liquidation “shall be paid to and become the property of the United States.” id. Ref. 12 USC section 289, 290.
The Fed claims exemption from unrestricted audit by the GAO. However, the Accounting and Auditing Act of 1950 clearly established authority for the GAO to verify “all essential facts regarding the bonded and other indebtedness of the Government…” There is no exception for, or even mention of, the Federal Reserve. The Federal Banking Agency Audit Act of 1978 amended the above Act and exempted the Fed from audits of FOMC transactions, of certain foreign transactions, and of policy matters. The above Acts are now codified as Title 31 section 714. The Fed additionally claims that since it does not receive funds from the government or handle government money it is not subject to audit by the GAO. (The non-receiving of government funds is but one facet inconsistent with the parameters of a government agency.)
None of the above claims appear to exempt the auction accounts from audit by the GAO.
First off, the Fed DOES handle government funds. The auction transactions, and the IRS collection accounts, are both government funds. The accounts are clearly subject to review by the GAO to assure efficient and correct handling of government finances and to prevent theft or unacceptable accounting. Secondly, the exclusions of section 714 do not prohibit review of the auction accounts. It appears Congress can instruct the GAO to make such an audit at any time, even without the necessity of additional legislation.
The Fed's claim of exemption from GAO audit is inane. The Fed is mandated by 12 USC 247 to "make a full report to Congress." And the Fed believes the government is prevented from verifying compliance with that requirement? In addition, the Federal Reserve Act of 1913 clearly identified all profit of the Fed belongs to the government. And the government is supposed to be prevented from accounting for the profit from the auctions that is confiscated by the (unknown) owners of the Board of Governors? Such a claim defies logic.
It is a source of amazement that Bloomberg news took Freedom of Information Act requests to the Court of Appeals to discover the Fed had loaned $7.7 trillion to the TBTF and international banks (Are these the owners of the Fed? Where did the funds come from?) after the Fed had successfully hidden the information from the government. Perhaps a FOIA request should be made for records of the Treasury auctions. The government deemed specific legislation was necessary to obtain similar information. Ref. Report GAO-11-696.
To put $8.4 trillion in perspective, the 2010 operation of the U.S. government involved $3.4 trillion and that includes the $1.3 trillion deficit. The entire amount of taxes collected by the U.S. government was only $2.1 trillion.
If asked “Who owns the T-securities that are sold at the auctions--the Fed or the U.S. government?” a Fed representative will respond “The securities are a liability of the government.” An astute observer will note the inquiry was avoided; it was not answered.
A newspaper article a couple of years ago informed us the annual increase in interest to be 15 percent while the budget only grew 7 percent. That reflects the exponential growth of interest. More recently the deficit has been increasing much faster to rescue financial institutes from default. Professor Bob Blain, Southern Illinois University, Edwardsville has graphed the exponential growth in debt from 1915 to be irregular only during the 1930’s.
In 1790 during congressional consideration of Alexander Hamilton’s proposal to pay the national debt with usury based obligation placed upon the citizens, congressman James Jackson, after lengthy reflection on the devastation similar plans had imposed on European countries and cities, included the following observation to Congress:
“Let us take warning by the errors of Europe, and guard against the introduction of a system followed by calamities so universal…The funding of the debt will occasion enormous taxes for the payment of the interest…(such a system) must hereafter settle upon our posterity a burthen (sic) which they can neither bear nor relieve themselves from.” Ref. ANNALS OF CONGRESS, Vol. 1, 1790, pp. 1141-2.
In actual practice within the United States, a collection of taxes for part of the government spending is well known. Payment of part of the government expenses by taxation does not alter the government’s usury program; for analytical analysis they can stand alone. The ninety year pattern of increasingly larger deficit spending is the escalation as the climax of chaos beyond description approaches.
The end result of economic exploitation by usury is becoming transparent in Europe. As various nations become indebted to “financiers,” the demand to satisfy the debt includes the selling of national heirlooms and infrastructure to the creditors. Airports, roads, government buildings, and all resources are fair game. It will not be the Chinese or Japanese that acquire property. Market securities will be purchased at reduced prices by the Fed, and then the Fed will acquire assets at fire-sale prices. It will be the unknown shareholders of the BOG that acquire title. Ownership of land and resources by a financial oligarchy is but one example of feudalism—the government becomes a mere facade.
The outstanding funded debt that is even now overhanging the citizens of the United States, currently $48,000 per individual, is more than enough to impose slavery if the people submit. The unfunded debt is in the neighborhood of $160,000 per individual. If the people can be conditioned to believe they must pay the debt, the income tax (if it exists) can be used to confiscate 100 percent of their income and the masses must subsist on government largess. The courts continue to uphold income tax indictments that rely upon statutes applicable to all taxes as identifying a “known legal duty” for income taxes (i.e., 7201 -7215) so the make-be-leave statute that imposes an income tax will not be submitted to contestation with the burden of proof upon the government. The pursuit of a livelihood, long secured as a Constitutional Right by the clause of Liberty, cannot be a proper object for a revenue tax. The Republic of sovereign citizens has been degraded to a totalitarian nation of obsequious vassals. The hallmark of every Great Society has been the confidence that each individual has been able to retain and enjoy the fruits of his labor, and that is being destroyed in the United States.
Benjamin Ginsberg documents in FATAL EMBRACE numerous times when societies have revolted against oppression involving “financiers.” One interesting revelation by Ben involved Barons revolting after financiers induced King John to invade Normandy. The Barons would have had to pay for the campaign and it lead to the Magna Carta. Ben laments the financiers subsequently had their estates confiscated and were exiled. War-mongering has been a consistent money-maker for financiers. What the people of the U.S. will tolerate remains to be seen.
For decades, the economic exploitation of other nations, including orchestrated coups of elected non-compliant governments as formulated by Kermit Roosevelt, without any regard for laws whether domestic or international, has been the modus operand of the CIA, IMF, and World Bank. Ref. CONFESSIONS OF AN ECONOMIC HIT MAN by John Perkins; KILLING HOPE by William Blum; Google CIA; ROGUE AGENCY RUN AMUCK. It should be apparent the economic objective has been for the greed of financiers on Wall Street even when financed by, implemented with, and overseen by government bureaucracy including the U.S. military. The U.S. government gains nothing from Empire building. The U.S. and European financiers have consorted to plunder the world. Ref. TRAGEDY AND HOPE by Carroll Quigley. Now, as humongous deficits are demanded to give fiat funds to the Fed and rescue financial institutes from their fraudulent scams even after TARP, Maiden Lane, QE1 and QE2 have depleted its coffers and international bankruptcy still looms, and after military facilities/actions throughout the world to protect their international economic exploitation have bankrupt the Nation, the chickens are coming home to roost.
[FN: Much has been made over the Federal Reserve banks being privately owned as distinguished from a government agency. The confusion is fueled by names and definitions.
The twelve FR Banks (incorporated, and franchisees ?) have been identified by courts as privately owned by the commercial banks (shareholders) each with a nine member board of directors---for the issues before the courts. FDIC is another FR corporation statutorily identified as a government agency. The FR Board of Governors is separately incorporated with shareholders alleged to be foreign and NY bankers. The BOG has complete administrative and supervisory control of the FR Banks---they can remove a director without cause or they can rescind a policy. The BOG has assumed the guise of a government agency but does not comport with the parameters of an agency as established by the courts nor with the legislated definition of an agency.
The FR system juggle adjudication and FOIA actions to obtain the best position of a private versus agency status. This conclusion is confirmed, but may not be continued, after Fox News Network v BOG of FR, 601 F3d 158 (2010, 2nd Cir). References:
Dr. Bob Blain, Emeritus Professor of Sociology at Southern Illinois University, Edwardsville, in a published paper “Revisiting U.S. Public and Private Debt” released in 2008 observes the exponential increase in national debt from 1915 and the destruction inflicted upon historic societies by usury based monetary systems.
FATAL EMBRACE by Benjamin Ginsberg documents historic occasions in which a usury debt based economic system (but not so identified) resulted in the “financiers” facing public fury including deportation, confiscation of estates, and physical abuse of the individuals involved.
GREENSPAN’S BUBBLES; THE AGE OF IGNORANCE AT THE FEDERAL RESERVE by Bill Fleckenstein reveals how the Fed suppressed Federal Fund interest rates to create a false prosperity that devastated the economy for 20 years and destroyed the home construction industry.
THIS TIME IS DIFFERENT; EIGHT CENTURIES OF FINANCIAL FOLLY by Carmen Reinhart & Ken Rogoff reviews sovereign defaults as seen by an economist speaking to the International Monetary Fund/World Bank. It is the nature of governments to steal from the people.Source: citizensamericaparty.org
SUMMARY: This mathematical analysis shows how:
1. The economic scheme in the U.S. of creating fiat book-entry money via T-securities in the amount of the principal of the security with a promise to repay the principal PLUS the interest (i.e., deficit spending), is impossible. The interest is never created. The debt must continually be increased to pay interest on earlier securities or the scheme will collapse.
2. The National Debt can never be paid off. Contracts that cannot be culminated are acts of fraud and are void from their inception.
3. The funds from all Treasury security auctions are received on the accounts of the FRBNY; records of disbursements are not disclosed or audited.
4. Congress has temporary benefit of deficit spending (a $1.4 trillion ‘loan’ for 2010) until maturity of the securities (the collateral). At maturity, all securities are perpetually rolled over without mention in government accounting records.
5. The Fed eventually receives the value of all national debt as purloined profit; every dollar of inflation from deficit spending security auctions is undeclared profit. Deficit spending was $1.4 trillion for 2010 and $7 trillion for the past six years.
6. Fiscal social obligations of the nation will be restricted during any economic downturn, whether or not deliberately initiated by the Fed, while debt will escalate to “stimulate the economy,” for war-mongering, and to compensate for reduced tax collection.
7. The operation is, as with any Ponzi scheme, predestined for inherent national bankruptcy when buyers to roll over the increasing debt lose faith that profit will be generated greater than inflation even while interest rates sky-rocket. Commerce, the engine of the economy, will cease to function from uncertainty.
8. Future debt will exceed the entire worth of the nation. As panicked holders of debt attempt to obtain value, they will sell securities to the Fed at reduced rates. The Fed will then purchase national heirlooms and assets at fire-sale prices as in Greece. Ownership of infrastructure and assets will be controlled by shareholders of the BOG. (or Wall Street fronts).
9. The touted concept that the public directly funds deficit spending is an illusion. Such funding can never produce inflation.
10. The 1913 Federal Reserve Act provides that profit from the Fed belongs to the government. Concealment of funds due the government violates several federal criminal laws.
The Federal Reserve uses euphemistic smoke and mirrors to obscure their scam. The appearance of the scheme is that Congress receives the benefit of inflation. In reality, it is the Fed that receives the purchasing power from inflation---without public awareness or documentation. With full knowledge the following is not the way the Fed or the government describes the system, allow me to offer a different analysis of their operation.
CREATING BOOK-ENTRY (FIAT) MONEY
Congress can pay for federal expenses with funds collected from taxes, but Congress is never satisfied with this amount. The desire to buy votes/campaign contributions from special interest groups induces congress-critters to spend more, and this is identified as deficit spending. To create this make-believe money requires the assistance of the Federal Reserve.
Congress will give the Fed a T-security (bill, bond, or note) and the Fed will accept the document as an asset of one of the twelve FR Banks. The Fed will then establish a line of credit for the U.S. government (a book entry) in the same amount and list the liability as Federal Reserve Notes. Voila !! Fiat money has just been created for Congress to spend. Ref: 2009 Annual Report to Congress by the Board of Governors, page 448 (for account identification only). http://www.federalreserve.gov/boarddocs/rptcongress/annual09/pdf/ar09.pdf
The accumulated securities that have been authorized by Congress add up to the national debt.
If the Fed retained all of the securities (assets), the inflationary pressure created by the extended line-of-credit for Congress would be too obvious. Also, Congress complained several years ago the interest collected was too much profit. The Fed has been forced to return excess profit to the government. The Fed therefore wants to sell a major portion of the securities so it has arranged with the Treasury department to act as auctioneer for selling to the Primary Dealers. This immediately sells the assets of the Fed.
[FN: The Fed recently obtained $700 billion bailout funds. Secretary Paulson begged Congress, on actual bended knee, to give the Fed money and Congress gave them $700 billion in securities. The Fed then swapped the securities to GSE (Freddie and Fannie)/international bankers for toxic MBS‘s---and rescued Paulson’s $800 million in Goldman stock by bailing out AIG. ]
[FN: The 2009 Annual Report lists Assets of $776 billion securities and $908 billion Government Sponsored Enterprise Mortgage Backed securities out of $2.2 trillion total assets. Whether the bailout money, given in large part to international bankers for toxic assets, was a quid pro quo with the PD to avoid lawsuits for fraud is beyond the scope of this writing. The International Bankers do not lightly suffer transgression. The continued mutual benefit of programs, paid for by taxpayers, should evidence Wall Street and the Fed/international bankers constitutes a symbiotic relation.]
The value of any securities not sold by the Fed is still in circulation and becomes the Reserves for commercial banks. Commercial banks, as an aggregate, have no other source of reserves. All money in circulation is originated from T-securities. The reserves, derived from Treasury checks deposited throughout the world, are then multiplied via loans by commercial banks utilizing the fractional reserve practice. (The System Open Market Committee (SOMC) selling and buying of securities alters the reserves---with high leverage---but this effect is applicable only to securities that are already in the public domain.) The Fed currently holds a mere $750 billion of $12.5 trillion issued securities. Ref. http://www.fms.treas.gov/bulletin/b2009_3.pdf
. Chart OFS-1.
Observe that the amount of money created by the security is the amount of the principal but the amount promised to be repaid is the principal AND the interest. The interest is never created but payment is required by the agreement. It is impossible. The linear expansion of base/reserve money via fractional reserves by creating commercial loans does not change this. If, hypothetically, all money in circulation was used to pay off the securities issued by Congress, all bank reserves would be wiped out and the commercial loans would collapse---and every dollar of interest on the national debt accumulated from day one would still be due---but there would be no money outside of the Fed’s vaults to pay it.
The debt created by usury based sovereign debt is perpetual; it can never be paid off. The contract cannot be culminated. Any contract that cannot be culminated is an act of fraud. A contract based upon fraud is invalid upon its inception. It would appear the national debt is not legally enforceable. (A debt incurred by a state or municipality is not a sovereign debt as used in this analysis. Such a debt is akin to a commercial loan and is completely repayable---but may be evidence of unwise administration and result in default.)
There are esteemed economists who contend the fractional reserve multiplier is a major cause of inflation. The concept is questionable. Assuming the amount of base money and the multiplier factor remain constant, the creation of fractional reserve money reaches a ceiling that cannot be exceeded until more base money (from T-security issues) is added. The multiplier factor is a mere linear increase of the base money. A major tool of the Fed is to alter the base money with SOMC transactions to boost or quench transient situations. Once the ceiling is reached, only congressional deficit spending can create new money in circulation.
In medieval times, the gold-guilds would inflate the illusion of a commodity with paper gold-certificates. Today, the fractional reserve multiplier increases the image of an image of value; i.e., it increases itself. The basis of value is from the Treasury security.
SOMC operations and multiplier factor alterations change the amount of FRN's in circulation---a debt obligation (IOU) of the Fed. Only congressional deficit spending changes the debt obligation imposed on the citizens. However, if the multiplier factor is reduced to zero and banks are permitted to issue currency without limit, it would produce an inflationary bubble of FR debt just as the housing scam produced a bubble of mortgage debt.
A little-appreciated concept that a FR bank can create money/debt on their own account in the same manner as a commercial bank making a fractional reserve loan appears to be rarely utilized. Any requirement that a FR bank must have reserves is unknown, the lack of which would allow an infinite expansion of money. This option may be the origin of the $7.7 trillion recently discovered by Bloomberg that was created to rescue the TBTF banks. THE INESCAPABLE WHIRLPOOL OF PERPETUAL, ESCALATING NATIONAL DEBT
There is more skullduggery involved. Let us assume a newly established sovereign nation is setting up a usury based economy and will issue 100 unit securities, a five year maturity, and an annual interest rate of 20 percent over a span of five years. A high rate of interest and short maturity is used to reduce repetitive calculations. The identifications of Congress and the Fed will be used to convey the images.
Upon the issuance of the first security, Congress has 100 units to spend. At the end of the year, Congress/Treasury has to pay 20 units to the Fed for interest. If the nation had to pay off the security at the end of the first year, the bankruptcy is obvious. There have never been 120 units created. Twenty units could be removed from society but that would leave only 80 units in circulation, cause great financial hardships, and still leave an impossible obligation to redeem a 100 unit security. The solution is to put off the interest payment until the next issue of security for the second year. The interest is paid from the principal created by the second issue.
During the second year there are 200 units in circulation but the actual rate of interest on the second issue is not 20 percent. Since 20 units had to be paid to the security holders, congress only received 180 units to spend (100 + 80) but they are committed to pay 40 units of interest on the security at the end of the second year. The interest rate of 40 divided by 180 is 22.2 percent. Considering the second year alone, the interest is 20 divided by 80 or 25 percent.
When the security for the third year is issued, the interest of 40 units for the first two years securities will not be available for congress. Congress will receive only 60 units for public projects but will have to pay 20 units interest at the end of the year. The 240 units received by congress (100 + 80 + 60) will require 60 units of interest at the end of the third year. The cumulative interest rate (60 divided by 240) is 25 percent. The interest rate for the third year alone (20 divided by 60) is 33.3 percent.
At the start of the fourth year, the security will have to cover the interest charge for the three prior years of 60 units. Congress will receive 40 units for government spending. The 280 units received by congress (100 + 80 + 60 + 40) will demand 80 units of interest at the end of the fourth year. The cumulative interest rate (80 divided by 280) is 28.5 percent. The interest rate for the fourth year alone (20 divided by 40) is 50 percent.
The security issued for the fifth year will pay the 80-unit interest for the prior four years. Congress will have 20 units to splurge. The 300 units received by congress (100 + 80 + 60 + 40 + 20) will require 100 units of interest at the end of the fifth year. The cumulative interest rate (100 divided by 300) is 33.3 percent. The interest rate for the fifth year alone (20 units received--20 units in interest) is 100 percent.
At the end of the fifth year, 100 units must be found to redeem the maturing security issued the first year (that “loaned” 100 units to the government) in addition to 100 units of interest that must be paid. Congress has an obligation to pay 200 units. This factor alone makes it obvious that more debt must be incurred to continue the scheme. The inescapable whirlpool of usury debt can only avoid obvious default by increasing the value of future securities. Increasing the value of issued securities merely postpones the inevitable result.
As the sixth year approaches, the Fed holds 500 units of securities that must be redeemed by the Treasury before year eleven. The Fed has already received 200 units as interest while Congress retains 300 units from those securities. Before year eleven, the securities will accumulate an additional 300 units of interest payable to the Fed. That accounts for the entire 1000 units of securities and interest that have been involved over the five years. (Each of the five 100 unit securities involved 100 units of interest.)
Do not let the subtly of the numbers escape you. As the example demonstrates, the Fed receives the total value of the security and the interest if it does not sell the security. Only 500 units were created by the securities but 1000 units (interest and principal) were somehow acquired by the Fed. The only way for Congress to get the funding is to issue a 200 unit security at the end of the fifth and subsequent years and ALL of the value will be instantly due the Fed. The scheme is not only perpetual but it must increase in size to continue.
When the 200 unit security matures, the value will belong to the Fed. And then a larger security must be issued to pay for the 200 unit security and the accruing interest further down the road. This is the methodology of any Ponzi scheme. The increase in the required size of deficit spending to cover the interest must be large enough to make the interest payment a relatively acceptable percentage to minimize public hostility.
[FN: The 100 unit roll-over value for the example’s year five reached $7.0 trillion in year 2010. An additional $1.4 trillion deficit spending accounts for the $8.4 trillion received from the Treasury auctions. Ref. Post.]
A high rate of interest has been selected for the example to minimize repetitive calculations. A ten percent interest rate will return 100 percent of the security value in ten years; a five percent interest rate will take twenty years. Lower rates of interest merely require more years to reach the same inherent bankruptcy and tend to beguile the patsies. (Actually, bankruptcy occurs the first year irrespective of the interest rate, but then again, since the debt can never be paid off, the entire scheme is based upon fraud. A contract based upon fraud is void from its inception.)
But 5 year securities are a slow game. If we shifted our attention to 13 week bills, or even four-week bills, each obligation will quickly mature and must repeatedly be rolled over. Each new issue can cause the creation of fiat money (inflation) and is profit for the Fed to say nothing of lucrative transaction fees and commissions for Wall Street cronies. If time lapse between bid and issue dates are ignored, the roll-over of four week 100 unit securities can be repeated thirteen times within a year. The gain of 1300 units of profit for the Fed only involves 100 units of national debt.
An economic scheme that utilizes later investors to pay the interest due earlier investors is identified as a Ponzi scheme. This is precisely the scheme that has been presented above.
A government publication has noted the fiscal policy insecurity: “(T)his growing gap between (Government’s) receipts and total spending …cannot be sustained indefinitely.” http://www.fms.treas.gov/frsummary/frsummary2010.pdf
page 3 of 12. The statement was undoubtedly intended to support confiscation of more wealth from the citizens.
TO BE CONTINUED...
Take a look at our history in view of the two banking systems:
BEN FRANKLIN - THE TWO BANKING SYSTEMS
From the autobiography of Ben Franklin as reported by Gertrude Coogan in "Money Creators":
...the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War. (Reference 4).
Ben Franklin answering a question about the booming economy of the young colonies: "That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportions to the demands of trade and industry." (Colonial Scrip had no debt or interest attached.) (Reference 4)
BANK OF AMERICA
International bankers saw that interest-free scrip would keep America free of their influence, so by 1781 banker-backed Alexander Hamilton succeeded in starting the Bank of America. After a few years of "bank money", the prosperity of "Colonial Scrip" was gone. Benjamin Franklin said, "Conditions were so reversed that the era of prosperity had ended and a depression set in to such an extent that the streets of the Colonies were filled with the unemployed!" Bank money was like our FED money. It had debt and interest attached. By 1790 Hamilton and his bankers had created a privately owned central bank and converted the public debt (interest-free) into interest bearing bonds, payable to the bankers. When Hamilton's bank charter expired in 1811, the international bankers started the war of 1812. By 1816, another privately-owned U.S. bank was started with $35 million in assets - only $7 million of that was owned by the government. This bank lasted for 20 years. U.S. history shows that currency with debt and interest attached created a depression. (Reference 4)
ANDREW JACKSON - A GREAT PRESIDENT!
When the 1816 charter expired in 1836, Andrew Jackson vetoed its renewal. It was then that he made two famous statements: "The Bank is trying to kill me - but I will kill it!" Later he said "If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning..." (Reference 4)
ABRAHAM LINCOLN - ANOTHER GREAT PRESIDENT!
President Lincoln needed money to finance the Civil War, and the international bankers offered him loans at 24-36% interest. Lincoln balked at their demands because he didn't want to plunge the nation into such a huge debt. Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. Lincoln said "We gave the people of this Republic the greatest blessing they ever had - their own paper money to pay their debts..." Lincoln printed over 400 million "Greenbacks" (debt and interest-free) and paid the soldiers, U.S. government employees, and bought war supplies. The international bankers didn't like it and wanted Lincoln to borrow the money from them so that the American people would owe tremendous interest on the loan. Lincoln's solution made this seem ridiculous. (Reference 1, P. 46, 47; Reference 4)
Shortly after Lincoln's death, the government revoked the Greenback law which ended Lincoln's debt-free, interest-free money. A new national banking act was enacted and all money became interest bearing again. (Reference 4)
The late Thomas A Edison explained the matter of issuing currency this way: "If our nation can issue a dollar bond (interest bearing) it can issue a dollar bill (interest-free). The element that makes the bond good makes a bill good also. The difference between the bond and the bill is that the bond lets money brokers collect twice the amount of the bond and an additional 20 percent, whereas the currency pays nobody but those who contribute directly in some useful way. It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay: But one promise fattens the usurers (interest collectors) and the other helps the people." (Reference 1, P. 46)
The FED is owned largely by foreign banks that control our economy and Congress through the power of money and the media which they bought with profits generated with profits generated by artificial debt.
If we can convert U.S. dollars that are debt and interest-free to interest bearing currency, we can change it back just as easily. Both the media and the banking system will probably claim that such a change will cause hyper- inflation. The answer however, can be found in history. Lincoln printed debt and interest-free Greenbacks (cash) to finance an entire war. With added production you can add currency without having hyper-inflation. Lincoln proved it. John F. Kennedy - a President with vision! On June 4, 1963, President Kennedy issued Executive Order 11110. This Executive Order called for the issuance of new currency - the United States Note. At the time, $4,292,893 of this currency was put into circulation. This new currency was to be distributed through the U.S. Treasury and not the Federal Reserve System. Furthermore, it was to be issued debt and interest-free. Upon Kennedy's assassination, this currency was withdrawn from circulation, never to be issued again. The media remained silent on how Kennedy would have eliminated the debt and interest payments, and therefore eliminated the FED. Interest-free United States Notes do not result in hyper-inflation. By issuing United States Notes, interest-free, we have less interest expense, and less taxes. With less taxes people spend more and buy more. This result is added production, and therefore, you can add dollars without inflation. Either Rockefeller and his people will spend your tax money into the economy or you get to spend your own money by paying less taxes. The bankers want you to think you'll have mass inflation by changing the system. This is only true if you add dollars to the economy without added production. For example, look what happened in post World War I Germany. They merely printed money without increasing production. The result was hyper-inflation. Another example: In the entire economy, if you have only 10 loaves of bread and only $10, each loaf would sell for $1. If you print an extra $10, now you have $20 and the 10 loaves which would sell for $2 each. This is only true if we don't have added production. By cutting taxes, people will spend more and buy more bread. If we print more money and bake more bread, we have $50 and 50 loaves, so each loaf still sells for $1. As long as you monitor production with increased cash, inflation will not occur. Under the FED system, the price of bread has dramatically increased since 1913. If we cut taxes and YOU spend your money instead of the BANKERS spending it, you will have more bread, cars, and wealth than the bankers. SOMEONE will spend your money - it might as well be YOU!
A FED-like banking system has destroyed other governments. In five years the only thing taxes will pay is the interest on the debt. Clearly, the FED must be abolished before we're demolished! Already laws are set up to have a dictatorship when we have the economic crisis (Federal Emergency Management Act, or FEMA).
Under the FED system, when a new dollar is issued, we pay taxes to pay for the dollar as the principal (debt) plus interest on the dollar. We pay for each new dollar twice, and who gets most of the money? The bankers, who control this money. Taxpayers should only pay taxes for the paper, ink, and printing costs of new money. Why should we give bankers the right to print money on a printing press, charge them no interest on this money, and then let them exchange their "free" money for a government bond that pays them interest??
England never gave up on owning the United States. They are still silently fighting the same Revolutionary War. The Bank of England, through the Rothschilds, owns and controls the FED (Reference 22). We have been robbed of our wealth, and in five years we will be bankrupt if there is no change. The FED bankers will LEGALLY OWN OUR NATION; OUR HOUSES, OUR CARS, OUR BUSINESSES, just as Thomas Jefferson predicted.
SPECIFIC PLAN: HOW TO GET OUT OF DEBT
U.S. history proves that issuing debt and interest-free currency allows our economy to prosper, as long as Congress controls the amount of money created. You can add printed dollars into the economy as you add production, and there will be no inflation. With today's sophisticated computers, we can easily monitor the printing of money and inflation.
Congress needs to buy back the FED and/or abolish it. Any government debt they own would be automatically eliminated. All remaining debt could be paid as needed with the same type of currency Kennedy issued (debt and interest-free United States Notes). United States Notes are backed by the full faith of the best government in the world - The United States of America. This is no different than the backing of today's Federal Reserve Notes. U.S. citizens collect only a small fraction of the interest income on Federal Bonds and Bills. Foreigners benefit from this interest, but we pay the tax so that they collect interest on our currency. This makes sense to bankers and Congresspeople who receive money from bankers and foreign lobbyists.
As we pay less interest, government spending will decrease and so will taxes. Less taxes mean that people buy more goods and services and our economy expands. An expanded economy means more jobs and higher profits for businesses. More profit means increased state/federal business taxes. Businesses continue to pay taxes while personal taxes decrease. People will have more money to spend, will buy more, and therefore pay increased state sales tax. This allows the states to balance their budgets without raising real estate taxes. As history proves, we will prosper.
For 80 years the FED has destroyed our economy. It will take years to undo this damage. Just as Congress appoints a Postal Service, we will have Congress appoint an agency to monitor inflation as we exchange our retiring government debt for debt and interest-free United States Notes (cash). We need to break up all Central Banks created by the FED and return to the Constitution of the United States. We have to return the power of the citizens' money back to the people.
THERE ARE SEVERAL SIMPLE WAYS TO ABOLISH THE FED:
Inform all Americans of this report and collect signatures on the petition.
Demand that Congress and the media support "We the People's" rights to uphold the Constitution and abolish the illegal FED.
Write to your local newspaper, show them this report and ask them to keep freedom of the press alive, support the Constitution and abolish the FED. Freedom of the press should not be limited to those who own it.
Write to CNN and other media. Tell them you want to see FED-UP(tm) on their programs.
Ask your State/County Representatives to use their Constitutional powers to enforce your rights under the Constitution to have the FED abolished. Write to Reference 5 for detailed paperwork to be given to your local government.
Call in on TV and radio talk shows and discuss why the FED should be abolished.
Support businesses who distribute the petition and display the sign "FED-UP". If they don't, please ask them to.
Ask candidates if they plan to introduce legislation to abolish the FED and uphold the Constitution which they are obligated to defend. Make candidates take a stand! Have the politician sign a contract with "We the People" enacting legislation to abolish the FED by a certain date or the politician must resign from office. The Democratic Congress and President promised the people "no FED" before the election. Thirteen months later, they passed the FED.
Display your bumper sticker to show support and inform people.
If 5,000 people distribute 2-3 brochures daily, we can inform half a million Americans monthly. Roughly 10% of these half a million people will make copies and inform others. Our goal is to inform 70 million adult Americans. Public opinion will soon be on our side. Once 10% of the population know, the other 90% will follow.
Pray and ask God to return us to "One nation under God."
It is our recommendation that you research the references listed, support all organizations that re trying to stop this fraud, and help us in our goal to get every American to sign this petition.
(1) "The Federal Reserve Bank", by H.S. Kenan, published by The Noontide Press
(2) National Committee to Repeal the Federal Reserve Act, P.O. Box 156, Westmont, IL 60559
(3) "The New World Order, Saving America", P.O. Box 1205, Middleburg, FL 32050-1205
(4) "Bulletin", February 1989 & November 1991 issues, P.O. Box 986, Ft. Collins, CO 80522 (Newsletter; $3 each)
(5) "The Most Secret Science", Betsy Ross Press, P.O. Box 986, Ft. Collins, CO 80522 (Book) States attempt to abolish the FED. $12.00
(6) "Insider Report", P.O. Box 84903, Phoenix, AZ 85071
(7) "Phoenix Journal Express", P.O. Box 986, Tehachap, CA 93581
(8) $16 trillion in government and private debt, much of which the FED printed and collected interest on (Reference 3)
(9) Northpoint Tactical Team, P.O. Box 129, Topton, NC 28781
(10) Christian Defense League, Box 449, Arabi, LA 70023
(11) "Bulletin", June 1992 issue, P.O. Box 986, Ft. Collins, CO 80522 (Newsletter; $3 each)
(12) "Savings and Loan Unethical Bailout" by Rev. Casimir F. Gierut
(13) "Dark Secrets of the New Age" by Texe Marrs
(14) "En Route to Global Occupation" by Gary H. Kah
(15) "One World" by John Amkerberg & John Weldon
(16) "The Spotlight", Liberty Lobby, 300 Independence Ave. S.E., Washington, D.C. 20003 (Newspaper)
(17) "Repeal the Federal Reserve Banks" by Rev. Casimir Frank Gierut
(18) The Constitution of the United States
(19) "Walls in Our Minds" by M.J. Red Beckman, Common Sense Press, P.O. Box 1544, Billings, MT 59103. A must read book - $2.50
(20) "The Law That Never Was" Volume I, Bill Benson & M.J. Red Beckman, P.O. Box 1544, Billings, MT 59103 or write to Bill Benson, P.O. Box 550, South Holland, IL 60473. Proof that the 16th Amendment (income tax) was never properly ratified.
(21) "New World Order: The Ancient Plan of Secret Societies" by William T. Still
(22) "The Secrets of the Federal Reserve" by Mullins
(23) "The Social Security & Pension Conspiracy" by Metz
(24) "The History of the Federal Reserve. How to Replace It or How to Reform It" by Metz - for references 23 & 24 write to Howard Metz, P.O. Box 341, Malverne, LI 11565
(25) "The New World Order" by Pat Robertson. On page 131 he states that we must abolish the FED.
(26) "Operation Vampire Killer 2000", highly recommended book. $6.00 ($8.00 for 2) from ACLA, P.O. Box 8712, Phoenix, AZ 85066 This is a must read book with quotes from well known people. This book proves conspiracy. Your local police needs to read this book so they will protect you - not become United Nations Agents against you. This book will stop the New World Order plan to take over the U.S.A. America Betrayed", Center For Action, 652 N. Glenview, Nesa, AZ 85213
For references 1, 12, and 17, contact The National Committee to Repeal the Federal Reserve Act (Reference 2)
MEDIA BLACKS OUT THE FACTS
Here's one terrific example. John Swinton, the former Chief of Staff for the New York Times, was one of New York's best loved newspapermen. Called by his peers "The Dean of his Profession", John was asked in 1953 to give a toast before the New York Press Club, and in so doing, made a monumentally important and revealing statement. He is quoted as follows:
"There is no such thing, at this date of the world's history, in America, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar weekly salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalists is to destroy the truth; to lie outright; to pervert; to vilify; to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press? We are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities, and our lives are all the property of other men. We are intellectual prostitutes."
RICHARD M. COHAN, Senior Producer of CBS political news said: "We are going to impose OUR AGENDA on the coverage by dealing with issues and subjects that WE choose to deal with."
RICHARD SALANT, former President of CBS News stated: "Our job is to give people not what they want, but what WE decide they ought to have."
And what is "their" agenda? What do they believe we, the American people, - THE COMMON HERD, "...ought to have?" Here is the answer:
NORMAN THOMAS - For many years the U.S. Socialist Presidential candidate proclaimed: "The American people will never knowingly adopt Socialism. But under the name of "liberalism" they will adopt every fragment of the socialist program, until one day America will be a Socialist nation, without knowing what happened."
HERMAN DISMORE, foreign editor of the New York Times from 1950 to 1960: "The New York Times is deliberately pitched to the liberal (socialist) point of view."
WALTER CRONKITE: "News reporters are certainly liberal (socialists) and left of center."
BARBARA WALTERS: "The news media in general are liberals (socialists)."
Reference for everything above - Operation Vampire Killer, P.O. Box 8712, Phoenix, AZ 85066
The world, finally including even the balky American public, is "being rapidly educated into overcoming limited patriotism" and accepting "United Nations solutions to common global problems," said Henry Kissinger.
Bilderberg participants expressed satisfaction with progress toward world government on two fronts:
Establishing a UN tax to not only finance new global programs, but to condition "citizens of the world" to paying tribute.
Conditioning the public -- again, especially "those stubborn Americans" -- to accept the idea of a UN army that could, by force, impose its will on the internal affairs of any nation.
"Today, Americans would be outraged if UN forces entered Los Angeles to restore order; tomorrow, they will be grateful," Kissinger said (of the 1992 Los Angeles riot).
Kissinger reported on a shocking speech made by UN Secretary General Butrous Ghali to the American Association of Newspaper Publishers at UN headquarters in New York in early May. The publishers' newspapers covered up the story.
The UN Security Council must have a permanent force that can be deployed anywhere in the world, instantly, to "protect the peace" and "ensure human rights" the secretary-general told the newspaper publishers.
UN TO INVADE U.S.
This force must be allowed to intervene "at the local and community levels," the UN leader told the American publishers.
What is "especially gratifying," Kissinger said, "is that the publishers showed no reservations about the prospects of UN forces landing in the United States and imposing the UN's will."
Reference - The Spotlight, June 8, 1992, page 10. Liberty Lobby, 300 Independence Ave. S.E., Washington, D.C. 20003 (Newspaper)
SUMMARY OF QUICK FACTS
Various dates and proofs that the Bankers created panic to push Congress to pass laws favoring bankers... Reference 22
President Wilson received $85,000 bribe from bankers... Reference 22, pages 25-26
How England, through the Bankers, controls our Congress... Reference 22, pages 47-48
Rockefeller is connected to President Carter... Reference 22, page 171; Reference 25, page 103
How George Bush is directly connected to the FED bank... Reference 22, page 49
President Hoover and President Roosevelt were international Bankers... Reference 22, pages 69-71 and pages 157-159
President Nixon was hired by Rockefeller's law firm to become President... Reference 25, pages 100-101
FED owner's manual to destroy and control U.S. citizens... Reference 22, pages 55-56
Proof Bankers claim they control the government... Reference 22, page 59
Proof the FED knowingly created the Great Depression for their gain... Reference 22, pages 137-170
FED bankers are directly linked to the New World Order and the United Nations. New World Order was discussed by George Bush, Rockefeller, Adolph Hitler, and Jimmy Carter... Reference 25, pages 5-7
The Great Seal on back of the FED $1 bill, below pyramid, the NOVUS ORDO SECLORUM means "New World of the Ages" or --->> New World Order... Reference 25, page 35
How the Banker's tax-exempt organizations fund activities to destroy America's freedom by attacking our Constitution and way of life... Reference 25, pages 138-159; Reference 14 (throughout whole book)
Senator Barry Goldwater warned of economic powers capable of bypassing or controlling the political powers. Bank induced depression is possible in the future to force political change... Reference 25, 131
Rockefeller's money was used to seize control of America's teaching and training of students by rewriting history and textbooks. Rockefeller has also funded the National Education Association (NEA)... Reference 14, page 61
Gary Kah, high-ranking government liaison having first-hand knowledge of the New World Order exposes the truth. Read his book and En Route To Global Occupation... Reference 14
For the secret owners of the FED to control the volume of money and become our absolute masters, they had to get the Gold away from our grandparents. This was accomplished in 1933 with the threats of fines and imprisonments by their President Franklin D. Roosevelt with aide Harry Hopkins, who said... "Elect, elect, elect, tax, tax, tax, spend, spend, spend, for the people are too damned stupid to understand". By the way, Roosevelt was an international Banker. See "Fool's Gold is Green" by Winston Smith.
THE FED IS SLOWLY DESTROYING AMERICA
Our government never had a chance...with political corruption ravaging its Constitution. The *real facts* don't lie...and neither do government documents...Congressional Record, Congressman Wright Patman, A Primer On Money prepared by the Sub-committee on Domestic Finance, House of Representatives, Committee on Banking and Currency - 88th Congress, 2nd session, August 4th, 1964 and December 23, 1913, page 1464 & 1478.
Congressional Record, Congressman Louis McFadden, June 10, 1932, House of Representatives, pages 12604-12605
Congressional Record, 98th Congress, 1st session, February 3, 1983, Congressman Ron Paul
Congressional Record, Committee on Banking and Currency, House of
Representatives, 77th Congress, 1st session, Tuesday, September 30, 1941, pages 1342-1345
THERE ARE MANY MORE CONGRESSIONAL TESTIMONIALS - IS THERE BIAS IN THE MEDIA REGARDING THE FED?
DURING THE TV PRESIDENTIAL DEBATES, CLINTON WAS ASKED SHOULD THERE BE RESTRICTIONS ON THE FED? THE NEXT DAY, MAJOR NEWSPAPERS SAID THEY COVERED THE WHOLE PRESIDENTIAL DEBATE TEXT, BUT MANY NEWSPAPERS ELIMINATED THIS ONE QUESTION. CHECK YOUR LIBRARY!
The Revolutionary War was fought and the Constitution was written to prevent other nations and private banks from issuing (printing) money and controlling our currency.
In 1913, members of Congress committed treason and violated their oath of office to defend the Constitution against all enemies foreign and domestic by voting in the Federal Reserve Bank.
For the New World Order to create a one world government, they must control a central bank, eliminate the Constitution, end Christian values, disarm America, and control the media. The Council on Foreign Relations has openly said they will take us over in favor of a one world government. The American people must be warned or we may lose our freedom forever. If we do not demand our rights and uphold the Constitution, the CFR and bankers will continue their march toward socialism. If we allow them to continue, they will abolish our rights and put an end to our present government. The bankers control the media, but can not stop patriotic Americans from using computers to distribute information and inform America. Once informed, people will demand an explanation why Congress allowed this fraud as the media appeared to be independent and investigative, but remained silent on this important issue.
The ones who scream the loudest to keep the Federal Reserve Bank probably profit the most. Source: citizensamericaparty.org
3 WAYS TO ABOLISH THE FED AND ISSUE MONEY PER THE UNITED STATES CONSTITUTION, ARTICLE 1, SECTION 8:
* Buy back the FED and have the U.S. Government collect all profits.
* Abolish the FED by printing real U.S. dollars as President Kennedy attempted (Executive Order 11.110, 1963) (Reference 4).
* Request your county/state to use their Constitutional powers to abolish the FED. This is the BEST SOLUTION. Nearly half the states are attempting or considering this action (Reference 5). Congress has had 80 years to follow the Constitution, and has refused to abolish the illegal FED. The state/county effort is working faster than any other method. We need your support to start a local chapter of FED-UP(tm) Inc. and petition your county.
THE WRONG SOLUTION THAT HAS FAILED FOR 80 YEARS:
Congress and the media may want to require the FED to return the required profits into the U.S. Treasury (per the Federal Reserve Act, 1913). The problem is that with "creative accounting" techniques, profit can be easily masked as expense. The FED has expensed items illegally to lower profit (Reference 17).
"We the People" have pushed the following states to pass or introduce legislation calling for an end to the FED: Arizona, Washington, Arkansas, Idaho, Oregon, Indiana, and Texas. We still need your signatures on petitions, even if you live in these states. Many other states are considering such action due to your petitions. These states and a few honest Congresspeople are powerless until all Americans become informed and demand change. Please pass out the petition. Once we demand change, the media will have to report the whole truth and not just push their own agenda. FED-UP(tm) challenges the media to expose the facts on prime time talk shows or news programs.
By abolishing the FED, we would not pay interest on Federal Reserve Notes. Until it is abolished, the FED has a monopoly on profit on our currency and whether our money supply will be increased or decreased, inflation or depression. The banks are capable of controlling business by controlling who can or cannot obtain a loan.
WE'VE DONE OUR PART - NOW IT IS UP TO YOU TO SPREAD THE WORD.
Please take the brochure (Cutting taxes $6,000 per family per year) to VFW, Moose/Elk Lodges, Bars, Union Halls, Churches, and Association groups. Make copies of the "single-page" brochure for everyone at work and ask your friends to do the same. Ask small business owners in your community to tell other business owners and spread the brochure and petition through the local Chamber of Commerce. CPAs should be interested in saving their clients taxes. Ask your CPA to mail the brochure and petition out to his/her clients. Upon receiving this petition, many presidents of large corporations made this brochure and petition available to all employees. Once people are informed, we can force a change. People will have more money to spend, the economy will be strong, and we can keep our Constitutional rights, liberties, and freedoms.
Contact your library for the names and addresses of your local and federal Congresspeople. MAIL THEM AN ENVELOPE WITHOUT YOUR NAME AND ADDRESS ATTACHED. In the envelope, say "FED-UP(tm) Inc. Abolish the FED." Also enclose one teabag (Boston Tea Party). Ask your friends to do the same (give them the addresses). Politicians are aware of the "Teabag Protest." If you don't mail it in, they're going to believe that we're not organized or we just don't care. IF YOU DON'T DO IT NO ONE ELSE WILL! Many Congresspeople want to make this change, but can't without the support of the people.
WHY OUR FOREFATHERS FOUGHT THE FED
"Allow me to control the issue [of] the nation's money and I care not who makes its laws!" The above quote has long been attributed to the 18th century banker Amshell Rothschild (his blood line controls the FED). For if one unscrupulous group is allowed to print a nation's money - it can eventually use that money to gain control of the press AND the politicians - and thus gain control of making the nation's laws - and finally - control of the nation itself. (Reference 4)
If you will take the time to read the reference material listed which has been researched by Professors of Universities, Congresspeople, etc, you will turn up information that might frighten you. For instance, in 1921 the stockholders of the Federal Reserve financed an organization called the "Council on Foreign Relations" (CFR). Harpers magazine called this the most powerful organization in the United States. Ninety percent of the people in the State Department and key positions in the Executive Branch are members of the CFR. The CFR publishes a magazine called "Foreign Affairs." Read it if you want to know what is going to happen in coming years. The CFR is in favor of a New World Order (Reference 3).
Congressman Patman re-quoted Thomas Jefferson showing that our founding fathers knew this banking principle very well. "I believe that banking institutions are more dangerous to our liberties than standing armies...." "Already they have raised up a money aristocracy that has set the government at defiance. The issuing power (of money)," he said, "should be taken from the banks and restored to the people to whom it properly belongs." The American Revolution was a struggle to wrest control of wealth from the Bank of England and to restore the centers of power to the People where it "properly belongs." The Constitution is specific about the authority of the People, through their elected officials, to control the money, and thus, the affairs of their government. (Reference 5, P. 32).
Ben Franklin said in his autobiography that the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was [one of] the PRIME reason[s] for the Revolutionary War. (Quoted in Reference 4)
Thomas Jefferson stated, "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered." (Reference 1, P. 247)
Congressman Charles A. Lindbergh of Minnesota said: "This [Federal Reserve] Act establishes the most gigantic trust on Earth. When the President [Wilson] signs this bill, the invisible government of the Monetary Power will be legalized... the worst legislative crime of the ages, perpetuated by this banking and currency bill." (Reference 5, P. 33)
Robert H. Hemphill (Credit Manager, Federal Reserve Bank in Atlanta): "We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It [the banking problem] is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects are remedied very soon." (Reference 1, P. 247)
Napoleon, a sympathizer for the international bankers, turned against them in the last years of his rule. He said: "When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." (Reference 4)
Congresspeople have referred to Federal Reserve Notes as "FIAT" (no- backing) money. (Reference 1, P. 128, 169)
In 1879 the Supreme Court declared that the U.S. Government can legally issue United States Notes, debt and interest-free, just as Lincoln and Kennedy attempted. (Reference 1, P. 233)
A bank that attempted to repossess property on the basis of default faced Judge Mahoney in a jury trial. Jerome Daly was found innocent. The bank could not foreclose on the property because it created the loan money from thin air, as many banks do. Use this as a precedent the next time any bank tries to foreclose on your house. (Reference 17, P. 82, 83 for court records)
The FED violates Security & Exchange Commission (SEC) rules. (Reference 17, P. 96-98)
California 9th Circuit Court declared FED banks are private, not government. (Reference 17, P. 273)
Mr. Marriner Eccles, who was Chairman of the board of Governors of the Federal Reserve System longer than any other man, testified before the Joint Economic Committee in August 1962. When Chairman Rep. Wright Patman asked whether it was not a fact that the Federal Reserve System has more power than either the Congress or the President, Eccles replied: "In the field of money and credit, yes." (Reference 1, P. 206)
Dr. Hans F. Sennholz, Chairman of the Department of Economics at Grove City (PA) College stated: "The Federal Reserve System facilitates the government's own inflationary financing in "periods of emergency." It makes easy the inflationary financing of budget deficits and the inflationary refunding of government loans. It stabilizes the government bond market through inflationary methods and manipulates this market to the advantage of the government. It does all this by wrecking the purchasing power of the dollar; by subtly stealing from the people of this country what it thus provides for the government, through a process exactly on par with the coin-clipping of ancient kings - but much more diabolical because it's so much less visible." (Reference 1, P. 250, 251)
Source: Banking Act of 1935, Hearings before a Subcommittee of the Banking and Currency Committee, U.S. Senate, 74th Congress, 1st Session, on S.1715, May 1935, pp 871-2. "The Federal Reserve System is in the wrong hands. No Constitutional republic can function when the government's money powers are in the hands of the financial oligarchy such as New York financiers.
A Republican Senator, who preferred to remain unnamed, stated: "Congress is too much motivated by fears and anxieties concerning pressure groups and the "non election." (Reference 1, P. 210)
By controlling Congress, the FED has been able to control the nominating conventions of both political parties. In this way, it has been able to hand-pick the presidential nominees so that no matter which party wins, their nominee for President is under definite obligations to the FED... (Reference 1, P. 210; Reference 22)
In 1975, the Rockefeller Foundation Report discussed the "Interdependence" of the countries of the world on each other. It stated we are one world and America shall become a nation-state under one government. They also say we must reach a zero state population growth. The Rockefeller Foundation stated that they have in excess of 747 million dollars to achieve this with. (Reference 3)
Congressman John R. Rarick states that the Council on Foreign Relations (CFR) is dedicated to a one world government. The media remains conspicuously quiet. The CFR wants to convert the U.S. from a sovereign, constitutional republic into a servile member state of a one world dictatorship. On February 17, 1950, CFR member James Warburg (banker, and architect of the Federal Reserve System) stated before a Senate Foreign Relations Committee, "We shall have one world government whether or not you like it, by conquest or consent." Again, the media remained silent. In the April 1974 issue of the CFR journal, "Foreign Affairs", page 558, Richard Gardener states that the new world order "will be built... but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old fashioned frontal assault." Congressman McDonald, Heinz and Tower stated that this is a conspiracy. Again, the media remained silent. (Reference 14, P. 17, 18, 32, 33). THE CFR WANTS TO ABOLISH THE CONSTITUTION. (Reference 14) WE MUST STOP THEM!!
In a letter to Thomas Jefferson, John Adams wrote: "All the perplexities, confusions, and distresses in America arise, not from defects in the Constitution or confederation, not from want of honor or virtue, as much as from downright ignorance of the nature of coin, credit, and circulation". Responding, Thomas Jefferson wrote: "And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by prosperity, under the same name of funding is swindling futurity on a large scale." (Reference 1, P. 199)
British bankers have stated, "Those that create and issue money and credit direct the policies of government and hold in their hands the destiny of the people". (Reference 1, P. 200-214)
Adams, Jefferson, and Lincoln believed that banker capitalism was more dangerous to our liberties than standing armies. In a republic, banks would lend money but could not create or manufacture it. (Reference 1, P. 215)
Later, Jefferson used stronger language and denounced the institution as "one of the most deadly hostilities against the principles and form of our Constitution." Some have said that Jefferson did not favor a strong central bank. What he did not favor was the delivery of our monetary system into private hands to be run for private profit. (Reference 1, P. 230)
President James A. Garfield said: "Whoever controls the money in any country is absolute master of industry [legislation] and commerce". (Reference 1, P. 247, Reference 4)
Without the Federal Reserve System, there can be no continuing march towards socialism, and with it there can be no free economy. (Reference 1, P. 251)
By controlling our own money, Thomas Jefferson expected that the government would incur no debt, as had occurred in the European system. (Reference 1, P. 243) European banks are like the FED.
The FED system is the death of our Constitution. (Reference 1, P. 250)
THE PLAN TO REDUCE PERSONAL INCOME TAX BY 75% AND BALANCE THE BUDGET BY ABOLISHING THE FED CAN BE PROVEN BY AMERICAN HISTORY.
England lost the Revolutionary War.
England nearly destroyed the Colonies by creating fake Colonial money hyper-inflation.
Rothschilds who control the Bank of England (Like our FED) said that by controlling the issue of money (printing it) you can control the government.
The authors of the Constitution understood private banks' control over governments. The Constitution gives only Congress the right to print money.
From the beginning of the United States to present there have been two ways to issue new currency:
The first way is to have the government print the money, debt and interest- free, and circulate it through the economy for use as a medium of exchange. There is no tax levied to pay interest on the currency in circulation because it is debt and interest-free. This is the system Lincoln used with his "greenbacks", a system Kennedy desired, and Jefferson demanded.
The second method is: The Citizens allow the bank to print $500 billion in currency (cash). The bank pays for printing costs, ink, and paper. The Citizens do not charge the bank any interest for use of the $500 billion in printed currency. The bank uses the $500 billion cash to buy a $500 billion government bond which pays the bankers interest. The bank keeps some of the bonds and sells, for a fee (10%), some of the bonds to the public. The bank can buy back the bonds from the public simply by printing more money. The bankers can create inflation and depressions by manipulating the amount of currency in circulation. The FED operates exactly like this today. It also prints money (through the U.S. Treasury) and uses this printed money to buy loans from other banks. This money has created our inflation. We give the bank cash interest-free, then they charge us interest on our own currency.