"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
Thomas Jefferson
The "Federal Reserve" is a PRIVATE corporation. It is no more "federal" than Federal Express. The "Fed" can create money "out of thin air". The government has to borrow this money from the "Fed" and pay interest to these private bankers. That's the main reason the income tax was introduced in 1913 (the same year that the "Fed" was established). That is despite the fact that Congress has the authority to create money itself, INTERESTFREE !! There is NO law that would require the average American worker to pay an income tax. So, many actions of the "IRS" are simply ILLEGAL and against the constitution. These private bankers of the "Fed" have been very successful over the last decades convincing us that the receipt (the printed piece of paper called "dollar") is the actual money. This simply is slight of hand. It's a magician's trick! It's the essence of their power and our powerlessness. They are printing those pieces of paper like crazy. That's why a house that cost $27,000 back in the 50s now costs half a million.
On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.
Bernanke: Federal Reserve
caused Great Depression
Fed chief says, 'We did it. …
very sorry, won't do it again'
SEE ENTIRE ARTICLE CLICK LINK BELOW:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=59405
Bernanke: Federal Reserve caused Great Depression March 21, 2008 - 2:56 ET
Despite the varied theories espoused by many establishment economists, it was none other than the Federal Reserve that caused the Great Depression and the horrific suffering, deprivation and dislocation America and the world experienced in its wake. At least, that's the clearly stated view of current Fed Chairman Ben Bernanke.
VIEW ENTIRE ARTICLE CLICK LINK BELOW:
http://www.glennbeck.com/content/articles/article/198/7618/
Riots around the World because of skyrocketing Unemployment
Click link below to view (video)
http://www.videonewslive.com/view/301419/riots_around_the_world_because_of_skyrocketing_unemployment
Worldwide Economic Protests and Riots
Credit Crunch and Recession sparks protests and riots
Economic related protests and riots are occuring around the world from Iceland to China. The mainstream media in the U.S. gives relatively little or no coverage to these events.
READ WHOLE ARTICLE:
http://hubpages.com/hub/Worldwide-Economic-Protests-and-Riots
Peter Schiff on 2009-2010 USA Hyperinflation (video)
Click link below to view
http://www.videonewslive.com/view/288549/peter_schiff_on_20092010_usa_hyperinflation
Fed Cuts Rate to as Low as Zero, Shifts Policy FocusDec. 16 (Bloomberg) -- The Federal Reserve cut the main U.S. interest rate to as low as zero for the first time and shifted its focus to the amount and type of debt it buys, seeking to revive credit and end the longest slump in a quarter- century.
WHOLE ARTICLE:
http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aafQgexzAGXk
Alan Greenspan:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
Monopoly Men (Federal Reserve Fraud)
Watch on big screen click link below
http://video.google.com/videoplay?docid=-7065177340464808778&q=monopoly+men
Barrels of oil per dollar in blue, Euro in red and ounce of gold in purple.
The Price of Oil Hasn't Budged Since 2001 (If You Pay for Black Gold with Gold)
http://www.thedailygreen.com/environmental-news/latest/oil-gold-commodities-47041507
We, the undersigned, demand that the United States Congress immediately shut down the Federal Reserve System and restore money creation to Congress as mandated in the U. S. Constitution.
We also demand, without equivocation, that the United States government, on behalf of the American people, protect American national sovereignty and stop its head-long rush into world government
SIGN HERE:
http://www.restoretherepublic.com/component/option,com_wrapper/Itemid,106/
Economic Fallacies 101: Government Does Not Create More Jobs Through "Stimulus" Debt Spending
by Mike Adams the Health Ranger
(NaturalNews) While Congress has passed an $800+ billion economic stimulus plan, almost everybody in America seems caught up in a common economic fallacy: The idea that Government can "create" jobs through debt spending.
Government spending of debt money does not result in any net creation of jobs at all. It only confiscates wealth from private citizens and forces them to pay for centrally-planned jobs that the real economy usually neither needs nor benefits from.
Consider three people living in an island, running their own tiny economy. Bob, Sarah and Charlie are all farmers who grow their own food, making an honest living by working 8 hours a day to create the food, clothing and shelter they need to survive.
One day, Charlie decides he wants to be the Governor of the island. He tells Bob and Sarah that as Governor, he'll bring wealth and prosperity to them both. Initially, that sounds good, so Bob and Sarah agree to elect him Governor.
Then it turns out that the Governor is busy governing things on the island (i.e. deciding what everybody else should do), so he has no time to grow his own food. So he initiates a 50% tax on the productivity of Bob and Sarah, confiscating their food, clothing and resources in order to provide those items to himself without actually having to work for them. (This is a key function of government: To confiscate wealth from those who really work and redistribute it to those who pretend to work.)
Now, Bob and Sarah each have a choice: They can either work twice as much in order to pay their tax and still have enough to survive, or they can quit working altogether and hope to get aid from the government.
Sarah decides to work twice as much, so she starts working 16 hours a day, earning enough to pay the taxes to the Governor while still having some remaining food to feed herself and her family. Bob, on the other hand, decides he doesn't want to work 16 hours a day and would rather do nothing and apply to the Governor for "public assistance."
So now on this island of three people, where each of the three people used to work to feed themselves, only one person is working (Sarah), and the other two are living off the wealth that's being confiscated from her efforts.
One day Charlie, the Governor, says he has a solution! He says he will write a series of IOUs to Sarah in exchange for an extra portion of her food and other belongings. Using that currency borrowed from Sarah, he says he will "create a new job" for Bob and "end unemployment on the island."
Sarah reluctantly agrees and turns over the fruits of her labor to the Governor, who injvents a job for Bob. "Bob," he says, "We need to build a bridge across this island!" And with the wave of his hand, he puts Bob to work creating a bridge (that nobody needs) while getting paid by wealth that has been confiscated from the only person on the island still working (Sarah).
So now we have ONE person actually doing productive work, a second person living off the confiscated wealth of that person (the Governor), and a third person working a useless job that's now paid for by the first person as well. This means we have ONE person supporting THREE. And while the island is at "full employment," two out of three people are actually doing jobs that don't materially contribute to the wealth and abundance of island's residents.
And the best part? Guess who gets to work even more to pay back the IOUs that the Governor traded with Sarah? Well Sarah, of course, because those IOUs are public debt paid back by taxpayers.
The problem on this little island is NOT that insufficient money is being spent on an economic stimulus program; the problem is that the island suffers from too many bureaucrats and too much debt spending. The solution? Fire the Governor and the government worker, shrink the size of government and get everybody back to working their own gardens, growing their own food and supporting their own families. Productivity on the island would triple, and people would have to get back to doing honest, productive work instead of living like parasites off the efforts of taxpayers.
Government jobs are created with confiscated wealth
Although greatly simplified, this little scenario demonstrates the ridiculousness of anyone who believes government can "create" jobs. Government creates no net increase in jobs through debt spending. It only confiscates wealth from those who are willing to work and justifies its own wealth confiscation efforts by pretending to offer solutions to the very people it is stealing from.
In some cases, this is justifiably important: You need schoolteachers, bridges, and roads to run a successful society. Cops and firemen, court judges, and international delegates are necessary, too. But remember this: 85% of government money is spent on just three things: War, Disease and Debt. That's where most of your tax dollars actually go (see corrected figures below). Only about 15% of the money you send Uncle Sam goes to pay for anything useful. Most of it is just wasted away by a government that believes its debt problem can be solved by more debt spending.
Total U.S. Federal Budget for 2008: $2.9 trillion
If you look at where U.S.government spending actually goes, more than 85% is spent on these three things:
1) WAR: Department of Defense ($481.4 billion) + War on Terror ($145.2 billion) + Dept. of Veterans Affairs ($39.4 billion) = $666 billion
2) DISEASE: Medicare ($386 billion) + Medicaid ($209 billion) = $595 billion
3) DEBT: Debt to the people: Social Security ($608 billion), Welfare ($324 billion) and Interest on National Debt ($261 billion) = $1,193 billion
Combined spending on War, Disease and Debt: $2,454 billion ($2.5 trillion), which is 85% of the total expenditures by the federal government.
Source: http://en. wikipedia. org/wiki/United...
Now, Obama wants to write out $800+ billion in new IOUs and use that money to "stimulate" the economy. This is equivalent to confiscating about $5,000 from each and every taxpayer in America today (depending on the number of taxpayers you use for the calculation). It's the equivalent of saying to Sarah that she needs to turn over all her garden food for the next two months in order to "stimulate" the island economy. And how will that economy be stimulated? By giving that food to people who believe they are entitled to more abundance than Sarah without actually having to work for it.Before long, Bob will be riding in a private limo and flying in a private jet, complaining to the Governor that his industry of bridge building provides 1/3 of the jobs of the entire economy, and he needs more money or the island economy will collapse!
I'm not sure America can survive much more of this debt-spending "stimulus." The U.S. economy has, in large part, become illusory, propped up by yet more bailout money being spent to create the illusion of meaningful jobs. The idea of saving money has been abandoned in favor of endless spending at both the consumer level and the national level. If this philosophy does not change, the financial outcome will be disastrous.
America needs more savings, not more spending. It needs to get the government off people's backs, not create even more government to centrally plan yet more "stimulus" programs paid for by confiscating wealth from the fast-shrinking pool of people still working private-sector jobs in America today.
One thing's for sure: The people in Washington D.C.need to read Economics In One Lesson by Henry Hazlitt:
http://www. naturalnews. com/025554. html
FREEDOM TO FASCISM WATCH ON BIG SCREEN:
http://video.google.com/videoplay?docid=-1656880303867390173
Money Masters Documentary
"The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private ... all » hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..."
THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned "central" bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers.
WATCH ON BIG SCREEN:
http://video.google.com/videoplay?docid=-515319560256183936
ROD PARSLEY FEDERAL RESREVE
WATCH ON BIG SCREEN:
http://video.google.com/videoplay?docid=3051024550497129264
FIAT EMPIRE
WATCH ON BIG SCREEN:
http://video.google.com/videoplay?docid=5232639329002339531
MONEY BANKING & THE FEDERAL RESERVE - WATCH ON BIG SCREEN CLICK LINK BELOW:
http://video.google.com/videoplay?docid=-466210540567002553
REMOVAL OF THE M-3 INDEX
The End of Dollar Hegemony - Ron Paul
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Iran stops selling oil in U.S. dollars
TEHRAN (Reuters) - Iran has completely stopped selling any of its oil for U.S. dollars, an Iranian news agency reported on Saturday, citing the oil minister of the world's fourth-largest crude producer.
The ISNA news agency did not give a direct quote from Oil Minister Gholamhossein Nozari. A senior oil official last month said "nearly all" of Iran's crude oil sales were now being paid for in non-U.S. currencies.
CLICK ON LINK TO SEE ENTIRE ARTICLE:
http://uk.reuters.com/article/oilRpt/idUKDAH83366720071208
Fragile Dollar Hegemony: Iran's Oil Bourse could Topple the Dollar
February 4, 2008
Two weeks ago George Bush was sent on a mission to the Middle East to deliver a horse's head. We all remember the disturbing scene in Francis Ford Coppola's "The Godfather" where Lucca Brassi goes to Hollywood to convince a recalcitrant movie producer to use Don Corleone's nephew in his next film. The "Big shot" producer is finally persuaded to hire the young actor after he wakes up in bed next to the severed head of his prize thoroughbred. I expect that Bush made a similar "offer they could not refuse" to the various leaders of the Gulf States when he met with them earlier this month.
CLICK ON THE LINK TO SEE THE REST OF THE ARTICLE:
http://www.globalresearch.ca/index.php?context=va&aid=7998
