If by now you haven’t figured out that Facebook and Google are in cahoots with the corrupt government, then I feel for you, but for those who are well aware of the issues it’s high time you switched over to Seen.life. It is a website that is similar to Facebook but without all the censorship.
What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? At the end of this post is a feature-length documentary film where The Corbett Report explores those important questions, and pulls back the curtain on America’s central bank.
Halfway though the post, when Michael Snyder mentions G. Edward Griffin, author of The Creature from Jekyll Island: A Second Look at the Federal Reserve, I include a video recorded back when Griffin was a guest of Glenn Beck’s back when he was still on the Fox News Network. Whether you love or hate Glenn Beck, if you don’t know the answers to the questions this post opened with, I suggest you watch the video.
It is absolutely staggering how many Americans know absolutely nothing about our Constitution, know nothing about civics (aka how our government works), or know nothing about how our banking system works. Our education system has completely failed the American people when there is an entire generation of people are graduating without the foggiest idea how to act and behave like informed responsible citizens.
Need proof people don’t have a clue? Look at the rioting going on in over 200 cities around the country right now because of the 2016 election results. Don’t think for one second that the Department of Indoctrination removed civics and the study of the Constitution on accident either! Think about it. It’s a lot easier for the political class to continue to keep taking away the rights of the masses, and assuming that power for themselves, when the masses they are taking them from don’t know the first thing about the Constitution or their rights. You might have a problem if:
You send your child to an Ivy League School, and they can’t tell you how the Fed works, can’t tell you what fractional reserve banking is, or they have “safe spaces” at school fully equipped with heavily padded floors for foot stomping, puppies, and Play Doh for whenever they don’t get their way.
In the following video, I review the article below by Michael Snyder that explains how debt is a form of social control. The same global elites who own our Federal Reserve, are the same global elites who own many of the other central banks around the world, and they use it as a tool to dominate humanity with their own agenda. I also explain the Fed’s role as the primary contributor to the coming global economic collapse.
To help explain the Fed’s role in the coming global collapse, I frame the discussion using laymans’ terms, and incorporate the economic policy Trump plans to implement. Because of how I use very simple terms to explain the situation, it won’t require a person to be an economics geek to follow me.
It also won’t take long to realize that everything Obama and the media have been selling us over the years have been lies. The coming crash in unavoidable, so once “we take our medicine,” if America truly expects to break free from globalism and be the masters of our own destiny, forget about the audit of the Fed some have called for; it needs to be abolished.
If Donald Trump truly wants to fix the economy, he must shut down the Federal Reserve. If he just tries to patch up our current system, he will fail, because it has been fundamentally flawed from the very beginning. A little over a century ago, very powerful forces on Wall Street convinced Congress to completely restructure our financial system. An immensely powerful central bank known as the Federal Reserve was created, and the goal was to transform the U.S. dollar into a debt-based currency that would continuously be inflated and to create an endless debt spiral from which the federal government could never possibly escape. Sadly, they were successful on both counts. Since the creation of the Federal Reserve, the value of the U.S. dollar has declined by approximately 98 percent and our national debt has gotten more than 5000 times larger.
Americans tend to give most of the credit or most of the blame for the performance of the U.S. economy to our presidents, but the truth is that an unelected, unaccountable group of central bankers has far more power over our economy than anyone else does. The Federal Reserve has become known as “the fourth branch of government“, but unlike the other branches of government we are told that the Fed’s decisions are “above politics” because they are “too important”. Fed officials fiercely guard their “independence”, and they fiercely resist any “interference” from Congress, the President, or the American people.
Donald Trump can try to lower taxes and reduce regulations, but what he will be able to do to influence the economy pales in comparison to the immensely powerful tools that the Fed wields. The Fed controls interest rates, the Fed controls the money supply, and the Fed regulates the banks.
To give you an idea of how enormously powerful the Fed is, I want you to pull out a dollar bill.
As you look at that dollar bill, I want you to notice that it says “Federal Reserve Note” right at the top.
In the financial world, a “note” is an instrument of debt, and the truth is that our system was designed to create as much debt as possible.
So why are we using debt-based “Federal Reserve Notes” in the first place? Shouldn’t Congress have control over our currency?
According to Article I, Section 8 of the U.S. Constitution, it is Congress that has the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.
So how did the Fed get involved?
Well, it is a very long and convoluted story, and if you are interested in the history behind it I would commend to you an excellent book by C. Edward Griffin entitled “The Creature from Jekyll Island: A Second Look at the Federal Reserve“. Basically, big money interests on Wall Street got their hooks into the White House and Congress, and they rushed through legislation right before Christmas in 1913 that created this insidious central banking system that was designed to slowly but surely take wealth from the American people and put it into their hands.
In the following video, Glenn Beck features G. Edward Griffin as his guest back when Glenn had his show on Fox News. Regardless of what you think about Glenn, Griffin is the “Yoda” of the Federal Reserve, so you won’t be disappointed. If you recall, Glenn rarely had guests on the show at all, and in the video below he talks with G. Edward Griffin for almost 40 minutes.
Sadly, most Americans don’t even realize that we have a debt-based currency, nor do they understand where our money comes from. In a previous article, I discussed how money is normally created by the Federal Reserve under our current system…
When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.
Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.
The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.
The Federal Reserve takes the U.S. Treasury bonds that it receives in exchange for the “Federal Reserve Notes” that it gave to the government and it auctions off those bonds to the highest bidder. But of course this process always creates more debt than it does money…
The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.
There is a problem.
Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.
So where will the U.S. government get the money to pay that debt?
Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.
But that never actually happens, does it?
And the creators of the Federal Reserve understood this as well. They understood that the U.S. government would not have enough money to both run the government and service the national debt. They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.
So our debt just keeps going up and up and up. While Barack Obama has been in the White House our national debt has risen by more than 9 trillion dollars, and at this moment it is sitting just under the 20 trillion dollar mark.
But we shouldn’t be surprised by this, because this is precisely what the Federal Reserve system was designed to do to us.
Many conservatives still hold to the mistaken illusion that we could somehow pay all of this debt back someday, but as I have shown in a previous article, this is mathematically impossible to do.
If the government went out today and grabbed every single dollar in existence we could not pay back the national debt, and of course we have trillions of dollars of household debt, trillions of dollars of corporate debt and trillions of dollars of state and local government debt that we need to pay back as well.
Under the current system our only hope is to keep the wheel spinning by continuing to devalue the dollar and by continuing to go into even greater amounts of debt.
And of course it isn’t just the United States that is in this predicament. At this point, almost every single nation on the entire planet has a central bank.
Even though there are extremely sharp disagreements among nations on virtually everything else, somehow central banking has achieved nearly universal adoption.
As you read this article, well over 99.9% of the population of the globe lives in a country that has a central bank.
Do you think that is just a coincidence?
Of course there are still a few very small countries such as the Federated States of Micronesia that do not have a central bank, but the only big nation not to have one is North Korea.
And you would literally have to be insane to want to live in North Korea.
But now we have an opportunity to get free from this insidious system. The truth is that we don’t have to have a central bank. In fact, the greatest period of economic growth in U.S. history was when there was no central bank.
We don’t need central planners to set our interest rates and to manipulate our money supply. They will never admit this, but the reality of the matter is that their interference in the economy often creates tremendous economic busts.
Since the Federal Reserve was created in 1913, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.
Considering their track record, isn’t it time for a change?
And we don’t have to have a debt-based currency. In fact, not too long ago we had a president that decided to start issuing debt-free “United States Notes”.
Back in 1963, President John F. Kennedy issued Executive Order 11110 which authorized the U.S. Treasury to issue debt-free “United States Notes” which were directly created by the U.S. government.
He was assassinated shortly thereafter.
Most Americans don’t realize this, but many of the debt-free United States Notes that were issued under President Kennedy are still in circulation today, and President Trump could do something similar.
But will he?
It has been said that the borrower is the servant of the lender, and the Federal Reserve system has turned all of us into debt slaves.
Debt is a form of social control, and the global elite use all of this debt to dominate the planet. The total amount of debt in the world just hit a brand new record high of 152 trillion dollars, and the longer we allow the central banks to control the system the bigger this debt bubble will become.
There is a way out, and here in the United States that starts with shutting down the Federal Reserve and issuing debt-free currency. It would take someone very bold to make a move like this, and so let us hope that the man that we just elected is up to the task.
Remember the questions I opened with? What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In the feature-length documentary film below, The Corbett Report explores these important question and pulls back the curtain on America’s central bank.
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