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“It’s a Wonderful Life” – if we exit the Federal Reserve

Sunday, January 8, 2017 14:18
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(Before It's News)

December 25, 2016 by prof77

It’s a Wonderful Life is a seasonal classic of our troubles with the bankers.

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If we don’t understand the financial banking system,
We’re economic fools.
If we do, and yet don’t shine a light on how it works,
We’re part of the problem.

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Former Federal Reserve Chairman (1987-2006), ALAN GREENSPAN:

GREENSPAN: Well, first of all, the Federal Reserve is an independent agency. And that means basically that, uh, there is no other agency of government which can overrule actions that we take. 

In other words, the Fed is “not an agency” of the U.S. federal government . . . and because, as Alan Greenspan says, the Fed cannot be over-ruled by the U.S. government, it’s operations are NOT controlled by the U.S. government. It’s an independent agency.

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Time to wake up.

Just to be clear, Alan Greenspan, former head of the Federal Reserve, has just told us (in the video clip above) that the Fed, not Congress, independently controls U.S. money creation.

Yes.

The Fed is a Privately Held Agency, Completely Independent of US Government–no other agency of government can overrule its actions.

So what?

As President Woodrow Wilson, In The New Freedom (1913), pointed out:

“A great industrial nation is controlled by its system of credit.”

Does President Wilson’s comment mean that, because the bankers control our system of credit, they also control our great nation?

Yes, it’s the bankers.

Or, more recently, as Dick Durbin, U.S. Senator, put it: 

The banks “frankly own the place. (Source)

You can bank on it.

Dude, you’re sayin’ we’re gettin’ screwed.

Duh. . . many former US Presidents and other notables have said pretty much the same thing.–yep, it’s the bankers.

How could it be any more clear?

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Time to wake up.

Because the bankers control our system of credit they also control our nation. 

Yes, we’re gettin’ screwed.

Get it?

Or, as the most famous international banker of all time, Mr. Rothschild, said it:

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Give me control of a nation’s money and I care not who makes its laws.

– Mayer Rothschild

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In this 90 second video see our “leaders” say the system, the economy, and the game are all rigged–all rigged against us:

Conspiracy theorists . . . we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. (rollingstone.com)

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Because the Federal Reserve operates independent of U.S. government, it has successfully refused regular reviews and audits . . . and so, “We, the People” and Congress don’t really know what the Fed is doing.

Get it?

The Federal Reserve central bank system is rigged–and NOT subject to routine audits.

100 reasons why the Fed should be audited routinely

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bankers

It’s rigged.

Kinda proves who’s in charge, doesn’t it?

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Get it?

But, of course, it doesn’t have to be this way. 

Ready to rise from economic slavery?

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4-minute video

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They laugh at us . . .

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Former U.S. Treasury Secretaries Laugh It Up Over Our “Income Inequality” Please absorb this 1-minute video:

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While these three former U.S. Treasury Secretaries literally laugh at us about the widespread poverty that they created and then gleefully dismiss it all as mere “income inequality.”

What is “income inequality” in the U.S.?

Let that sink in . . .

Think about it. Do they own us and our children? Are we mere economic commodities?

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What they dismiss as “income inequality” is literal criminal fraud:

Why does this happen in the richest nation on earth?  

How is it possible that our current private banking system has presided over the greatest gains in productivity and wealth in human history, while the vast majority of America has endured stagnant wages, declining wealth, crushing debt, high inflation and recurring recessions?

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“Income inequality”??

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We’ve known for centuries that powerful people – unless held to account – will get together and steal from everyone else.

We’ve known for millenia that – when criminals are not punished – crime spreads.

We’ve also known for hundreds of years that the failure to punish financial fraud destroys economies, as it destroys all trust in the financial system.

(Source)

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Learn the banker’s methods . . . and how they’re using them on us right now.

How To Be a Crook–and have people thank you for it

How To Be a Crook – Larken Rose

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Warning: Your family, friends and colleagues will pretend what is happening around them is normal, it has always been this way, and it’s all OK. If you press them a little too much, they’ll get angry at you. – David Rothscum

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We are kept in the cages we do not easily see . . . 

Human Farming: The Story of Your Enslavement

A brief history of human enslavement.

Here’s how it’s done: The Handbook of Human Ownership: A Manual

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Simple, eh?

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. . . any questions?

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We’ve known for 1,900 years that runaway inequality destroys societies.

What’s the Solution?  

Exit the Federal Reserve.

People deserve the benefits of their own economy. – Eustace Mullins

Eye opening stuff from 48:00 to 56:00.

A TRUE HERO… RIP.

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Everything is possible when people break the bonds of economic propaganda slavery. America, be awake, be informed. Educate yourselves. Free your mind to the truth, free our nation to progress. Rise up, stand together …. the time is now!

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[Also see related videos here.]

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Public or private interests?

Who “should” control the creation of our money?

The Public Banking Institute has proposed public banking at all levels of the American economy and government: local, regional, state, and national.

Public Banking, as explained here and here, shifts money creation from private, profit-oriented, owners (who cannot be over-ruled by any agency of the U.S. government); to institutions controlled by our elected government.

Public banking is distinguished from private banking in that its mandate begins with the public’s interest. Privately-owned banks, by contrast, have shareholders who generally seek short-term profits as their highest priority.

Public banking is not a new or radical idea.

Citizen groups advocating U.S. Monetary Reforms and Public Banking include Public Banking Institute and American Monetary Institute. Famous Americans advocating monetary reforms have included:

There are abundant successful examples of public banking around the world. The success of the State-government owned Bank of North Dakota is as an example of the incredible economic benefits that are possible. One analyst, Carl Herman, estimates that, if implemented, approximately $1,000,000 potential benefit per US household could be realized in the U.S.

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Curious?

Here’s an Outline of Monetary Reform and Public Banking (Source)

Monetary reform is the creation of debt-free money by government for the direct payment of public goods and services. Creating money as a positive number is an obvious move from our existing Robber Baron-era system of only creating debt owed to privately-owned banks (a negative number) as what we use for money. Our Orwellian “non-monetary supply” of adding negative numbers forever causes today’s tragic-comic increasing and unpayable total debt. You learned these mechanics of positive and negative numbers in middle school, and already have the education and life experience to conclude with Emperor’s New Clothes absolute certainty that accelerating total debt is the opposite of having money. As a National Board Certified and Advanced Placement Macroeconomics teacher, I affirm this is also exactly what is taught to all economics students.

The public benefits of reversing this creature of Robber Barons are game-changing and near-instant. We the People must demand these, as .01% oligarchs have no safe way to do so without admission of literal criminal fraud by claiming that debt is its opposite of money.

The top 3 game-changing benefits of monetary reform:

  1. We pay the national debt in proportion to removing private banks’ ability to create what we use for money as debt in order to prevent inflation. We retire national debt forever.
  2. We fully fund infrastructure that returns more economic output than investment cost for triple upgrades: the best infrastructure we can imagine, up to full-employment, and lower overall costs.
  3. We stop the ongoing Robber Barons who McKinsey’s Chief Economist documents having ~$30 TRILLION in tax havens, and the Fed finding the US top seven banks creating shell companies to hide $10 trillion. This amount is about 30 times needed to end all global poverty, which has killed more people since 1995 than all wars and violence in all human history.

Public banking creates at-cost and in-house credit to pay for public goods and services without the expense and for-profit interest of selling debt-securities. North Dakota has a public bank for at-cost credit that results in it being the only state with annual increasing surpluses rather than deficits.

Top 3 game-changing benefits of public banking:

  1. a state-owned bank could abundantly fund all state programs and eliminate all taxes with just a 5% mortgage and credit card.
  2. a state-owned bank could create in-house and at-cost credit to fund infrastructure. This cuts nominal costs in half because, as you know, selling debt securities typically doubles the cost. For example, where I live we’re still dismantling the old Bay Bridge in NoCal from the upgrade that cost $6 billion, but the debt-service costs will add another $6 billion when it’s all paid.
  3. CAFRs (Comprehensive Annual Financial Reports) stash “rainy day” funds no longer required with a credit line from a public bank. In addition, the so-called “retirement funds” currently deliver net returns of just a few percent on good years, and negative returns on bad years (herehere). California’s ~14,000 various government entities’ CAFRs have a sampled-data total estimate of $8 trillion in surplus taxpayer assets ($650,000 non-disclosed assets per household, among California’s ~12.5 million households).

Potential Benefits of the Monetary Reform and Public Banking include:

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A Critique of the Federal Reserve (Source)

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Pretty much how the Federal Reserve works.

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The Federal Reserve System causes unpayable debt: Because private banks and their admitted privately-owned pinnacle bank, the Fed, create credit/debt for what we use as money, this becomes the mother of all conflicts of interest (so to speak). If the Fed were to deliver its three stated goals (page 15) of “maximum employment, stable prices, and moderate long-term interest rates,” we have a stunning observation: an honest Fed would at least ask for independent professional cost-benefit analyses to determine if government-created debt-free money would do better than their ever-increasing and unpayable aggregate debt

US debt is unpayable under the Federal Reserve System because the US does not have a money supply; it’s a “debt supply.” If we paid the debt, what we use for money would disappear entirely. The 1% in government gave the 1% in banking legal authority to create debt and lend it to the 99% of us at interest. The 1% in government can also borrow at interest and then tax the 99% to pay the interest cost. The Federal Reserve System causes Americans to be perpetual debt-slaves. This is the 1% parasitizing the 99%’s work.

Federal Reserve System causes unemployment: To maximize employment, isn’t the only policy one can imagine to do so for the government to use debt-free created money to be the employer of last resort for infrastructure investment?

Think about this, please. Can you think of any other policy that could maximize employment other than the government employing people for useful work who do not find it in the free market?

Debt-free money has no direct cost. And because infrastructure investment (hard and soft) historically contribute more economic output than cost of inputs, we have the triple benefits of full employment, the best infrastructure available, and lower overall prices.

Federal Reserve System causes inflation: Banks expand what we use for money, credit, when they make loans. Banks profit from making loans. Increased credit, our “debt supply” and Orwellian opposite of debt-free money supply, works to increase inflation. So in our current Federal Reserve System, the very profit-generating mechanism of the banks is in conflict with a stated goal of the Fed. The 1% is thereby causing inflation to charge the 99% interest on the increasing “debt supply.” The 99% pay for this twice: in the decreased value of their savings and by paying interest.

Federal Reserve System causes high interest rates: Corporate banks with fiduciary responsibility to maximize their own profits are OBVIOUSLY NOT the best people to minimize interest costs. Banks maximize their profits by maximizing interest rates. Minimizing interest rates would occur only at non-profit rates as a public service. Bank profits are over $100 billion a year; a cost to the average US family of $1,000/year (~100 million US households). This $100 billion cost doesn’t include all the business and advertising costs that would disappear if banking were a simple public service.

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The Federal Reserve explained.

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Inflation is the price we pay for Federal Reserve “services.”

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We know this can’t end well. Even ancient Greece and Rome experienced economic collapses as a consequence of debasing their currencies. 

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We thought the Fed was our friend . . .

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. . . just like Barney was our friend.

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Don’t they understand what the Fed is doing to us?

Some people understand . . .

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These people get it.

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He gets it.

Ron Paul talks about ending the Fed

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Find out just what any people will quietly submit to and you have the exact measure of the injustice and wrong which will be imposed.Frederick Douglass

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The Federal Reserve rip-off . . .

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. . . has gone on far too long.

It’s the 1% vs. the 99%. 

Time to wake up.

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Human Race Get Off Your Knees

The problem isn’t that we’re powerless. The problem is that we have allowed those with agendas to convince us that we’re powerless. We’ve been tricked, by those with supposed authority, into accepting the elite’s desperate, malevolent idiocy.

The Myth of Authority

  • Simply refuse to cooperate with the elite’s desperate, malevolent idiocy.
  • Refuse to buy into fear and despair.
  • Refuse to consent to immoral authority.

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The Myth of Authority

The Most Dangerous Superstition by Larkin Rose

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Source: https://prof77.wordpress.com/2016/12/25/its-a-wonderful-life-for-who/

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Source: http://tapnewswire.com/2017/01/its-a-wonderful-life-if-we-exit-the-federal-reserve/

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