The money manipulators only have two goals:
1. The destroy the wealth of every American as much as possible through inflation. While, at the same time trying to pretend they are fighting inflation. They do this by causing boom and bust cycles.
2. To use the financial meltdown to ratchet up their control over all money and credit systems.
Quote from Woodrow Wilson:
A great industrial nation is controlled by its system of credit.Our system of credit is concentrated. The growth of the nation,therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completelycontrolled and dominated governments in the civilized world.No longer a government by free opinion, no longer a government byconviction and the vote of the majority, but a government bythe opinion and duress of a small group of dominant men."Source
" this new power is essential......" "see the train coming and can ACT before......"
Aren't these the SAME BOZO'S who lowerd rates to 1% and kept them there too long and created the current mess and now are proposed NEW POWERS to pre empt markets?
Worse? preverbial FOX in the HENHOUSE! This SMELLS like similar road to Patriot Act
Duratek
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I am appalled at how gullible our experts Sen. Dodd and Franks appear in their thinking that giving the “Fed” more power will somehow fix this current mess and eliminate future problems. It has been the Fed all along historically who can shut down our entire economy on a whim by just contracting the money and credit supply.
It is our grandfather’s fault for giving Paul Warburg, J. P. Morgan and all the other New York bankers this power in 1913.This was supposed to fix everything. No more scares the “Fed” will regulate and protect us. Well there was that depression thing in 1929 and various other scares afterward.
The “administrative process” Paul Warburg set up allows for a group of “untouchables” the Federal Reserve Commission that the terms of each individual member last 12 years and is staggered so only 1 member could be voted out per presidency. This was by design. Nowhere in our govt. including the president and his cabinet are such a group assembled.
Woodrow Wilson called the signing of the Federal Reserve Act into being as “his greatest regret.” Wilson was there guy. The New York bankers put him in the White House and he was pressured into this favor which has reaped them hundreds of billions. The last minute pre holiday push thru the house and senate and signing on Christmas Eve was truly shady. Please tell me you do know the “Fed” is a private bank whose shareholders are shrouded in secrecy but all begin in New York and England. They wrestled away the constitutional power over our own currency loaning it back to us at interest. Now they are a private monopoly protected by our own govt. Treasury Dept.
If you really want to “fix” the problem propose a bill to wrestle the power oven our own money back for the govt. for the people away from the abomination thrust upon us in 1913. DON’T ALLOW “CREDIT “CREATED OUT OF THIN AIR. DON’T ALLOW THE INFUSION OF WORTHLESS PAPER MONEY INTO OUR ECONOMY FURTHER DEVALUING OUR SHRINKING DOLLAR.
WE HAVE 95 YEARS OF THIS PRACTICE TO THANK FOR OUR CURRENT SITUATION. I have heard the new proposal would give the “Fed” the power to not bail-out failing banks but to take them over. The power the “Fed” has now over our money supply is enough to theoretically ruin every bank in the country except theirs by constricting the money supply, slowing or halting growth altogether. This causes job loss, foreclosure, loan default, bank failure. Now, your mortgage is held by the “Fed” instead of the local neighborhood bank you started. They could slowly pick the low hanging fruit. Anyone who thinks the “Fed” bailed out Bears and Stern for the good of the economy only has to see that the recipient of this shareholder robbery was J.P. Morgan an institution of an original robber baron. IT’S SO EASY TO “BAIL OUT” COMPANIES WHEN YOU HAVE THE POWER TO CREATE MORE PAPER OR CREDIT FROM NOTHING AND HAVE THE GOVT. BACK IT UP.
WE SHOULD ABOLISH THE FEDERAL RESERVE AND its CHAIRMAN AND BOARD AND BE ASHAMED IT TOOK SO SONG TO REVERSE THIS ABOMINATION PERPETRATED UPON US.
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