Quick! What does the Federal Reserve do? Is it federal? Is it an agency? Part of the government? It has no reserves and isn’t federal. It’s not enumerated anywhere in the Constitution. Its decisions are not subject to any appellate review or oversight. It’s been a part of our governmental existence for just short of a century and we’ve never not known it to exist. When we hear that it sets interest rates, we nod in a hypnotic obeisance. I reduced some of the more salient points in my PIX 11 nightly commentary for your video edification.
Most haven’t the foggiest notion of what that means. In fact when it comes to any discussion of the economy our eyes glaze over, especially after economic jargon is thrown around: SDR’s and the IMF, fractional reserve banking, carry trades, fiat currency. And what’s more fascinating, these snippets from the econ argot aren’t money arcana or trivia. These instruments, concepts and matrices are what’s used by globalist banksters to steal, pilfer and overburden all legally, in the open and without so much as a question from the MSM and the yawning masses.
The World is governed by very different personages from what is imagined by those who are not behind the scenes. – Benjamin Disraeli
Don’t feel bad if you haven’t a clue. That was by design. The Fed is to our economy what the Higgs boson is to particle physics. It confounds and knows no historical analog. And while much of our governmental cluelessness is not, frankly, harmful to an appreciable extent, ignorance as to the rudimentary basics of the Fed can lead to our financial collapse. Americans feel bullet proof to every calamity imaginable. Bad stuff can’t happen to use. We’re special. All one has to do is look at Europe, Greece, the EU and its most dysfunctional child, the Euro, to see what happens when folks look the other way and trust the wrong people. If the globalists had their way, the EU would transmute into the NAU, the North American Union, with our very own Amero. (Hint: Why do you think Dubya was so nonchalant about border porousness?)
The refusal of King George to allow the colonies to operate an honest money system, which freed the ordinary man from clutches of the money manipulators was probably the prime cause of the revolution. – Benjamin Franklin
It is hard to imagine how millions of Americans are so nescient as to this privately owned central bank that control’s our currency, economy and has brought us to the brink of bankruptcy. The very institution is parasitic, designed to siphon this country’s wealth and redistribute it to predator mega banks. Since 1913, no less! It’s never been subject to an audit. Just think about that. Never. (For a great primer on the rudiments of the subject, read of the 11 reasons why the Fed is bad. Only 11?!)
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are 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
The questions are endless. Why would a sovereign nation like the U.S. not issue its own currency? Who would allow unelected private backers to control the purse strings of this country? The relationship with Wall Street is incestuous to put it mildly. I’m fascinated also by the fact that American citizens just imagine that if things were as bad as they’re reported, certainly the media would report it. Certainly Congress would investigate. Certainly wanton illegality and behavior that could bankrupt our country would be reported and exposed. Wouldn’t they? Let me repeat: They’ve never been audited!
There are so many excellent analysts on the subject: Gerald Celente, Max Keiser, even Dylan Ratigan from DEMS-NBC is “Fed up” and has been most aggressive in attempting to awaken the country to the parallel universe of Bernanke. Non- MSM sources provide a wealth of information, notably the preeminent Alex Jones, who’s been relentless in exposing the obvious and apparent treachery inherent in the Fed. I’ve abandoned all hope in our jejune media even addressing the inherent problems at issue. They’re too busy with Snooki.
Every pol running for anything talks a great game about fiscal responsibility, balancing the budget, living within our means . . . you know the drill. But you’ll never hear anyone, save Ron Paul or Dennis Kucinich or Ralph Nader perhaps, even broaching the subject of eliminating the Fed. Note how these Fed critics are the perennial losers. The terrible troika. Unelectable, with nary a chance of winning, and yet all of them speak to tackling the Fed’s stranglehold or abolishing it altogether. Funny how those who dare broach the subject or appear to be the most conversant with the perils of our monetary system are relegated to the political trash heap of conspiracy theorists, whack-jobs and tin foil hatters.
The third POTUS would certainly be in their camp.
If the American people ever allow private banks to control the issue of their 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 wake up homeless on the continent their Fathers conquered. – Thomas Jefferson
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