video.google.com — Dec 5, 2006 This Award-winning documentary video, featuring presidential candidate RON PAUL, was inspired by the book, "The Creature From Jekyll Island" This explains it all in layman's terms anyone can understand.
May 8, 2008 View in Crawl 4
fatdog789May 8, 2008
It was not only privately chartered, it was founded by the *FOUNDING FATHERS OF THE f**kING CONSTITUTION*
bc289May 10, 2008
I don't think the fed had much to do with the bubble in the 20s. There was a paper by the economist Eugene White that discussed what characteristics were common with stock market bubbles. 1 was that the fundamentals are difficult to assess. This is true both in the 90s and 20s, as both time periods had technologies that drastically improved productivity but also made it difficult to predict the changes it would have on the overall economy. Second of all, the level of sophistication of the investor in both periods declined. You see an increase in the access of investing to the average person, and this simply leads to more inefficient investment decisions.The federal reserve though, I don't see how they were responsible for the bubble in the 20s.The federal reserve also pays back the interest that we pay on that money. They keep only a small amount of it, it's largely negligible. The accountability of the federal reserve is a somewhat controversial issue, but I think it's right. Fed chairmen are largely accountable for their actions as they have to be re-elected, and many of these chairmen are academics that care deeply about their reputation. If it were a government institution and more exposed to political influences, you would see more inflation as there would be political pressure to overstimulate the economy. In this way, just as the supreme court justices are shielded from political pressures, the justices and the economists can make decisions without feeling pressured to act on the behalf of political crap, but rather what they think is truly best for the nation.If you have an issue with our federal reserve system, you must have an even bigger issue with the central bank of europe, since they have even less accountability than our federal reserve.
cobaltblueMay 12, 2008
Just because everyone says that argumentum ad populi is fallacious doesn't make it true.
dnordmarkMay 13, 2008
To my knowledge, there is not one currency in the world that is backed by gold or any other metal. This is not an argument against gold as money, however. All it shows (in my opinion) is that all governments want to have the ability to print money. Why? Because if you want to win elections, the easiest way is to promise people goods and services for free. Counterfeiting money is by far the best way to do this. If you are honest and actually tax the people for the promises you are making, they will realize that what you are promising them is not really free at all. Is it any surprise that all governments try and get rid of sound money as soon as they can?
schmuckofniMay 13, 2008
You are a dumbass, the fed reserve DID not do what it was supposed to do by bailing out failing bankers. Instead, they increased the interest rate on loans. So have fun paying 4 dollar gasoline cause its going to happen again as long as that institution exists.
Closed AccountJun 22, 2008
If it's not privatized than who in fork are we paying it back too? our selves.
Closed AccountJun 22, 2008
Titanium corrodes.Gold and platinum don't
jonnyrebelSep 24, 2008
The Federal Reserve Fraudand the"Invisible Government""No State shall make any Thing but gold and silver Coin a Tender in Payment of Debts." Article 1, Section 10, united States' ConstitutionIn 1913 when the Federal Reserve Act was fraudulently pushed through Congress, Congressman Charles Lindbergh stated: "This Act establishes the most gigantic trust on earth....When the President signs this Act, the invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized....The new law will create inflation whenever the trust wants inflation....From now on, depression will be scientifically created."IS THE FEDERAL RESERVE BANK REALLY "FEDERAL"?Most people assume that the Federal Reserve Bank is federal--that is, part of the united States' government. However, the Ninth Circuit Court put that issue to rest in 1982 when they adjudicated: "Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities for purposes of the FTCA, but are independent, privately-owned and locally controlled corporations." [Lewis vs. U.S., 680 F. 2d 1239, 1241]"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think the Federal Reserve Banks are U.S. government institutions. They are not government institutions. They are private credit monopolies; domestic swindlers, rich and predatory money lenders which prey upon the people of the united States for the benefit of themselves and their foreign customers. The Federal Reserve Banks are the agents of the foreign central banks. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board." [Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee, speech on the floor of the House of Representatives, June 10, 1932]"In the united States we have, in effect, two governments....We have the duly constituted Government....Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution." [Congressman Wright Patman, Chairman of the House Banking & Currency Committee, speech on the House floor, 1967]"Most Americans have no real understanding of the operation of the international money lenders....The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and....manipulates the credit of the united States." [Senator Barry Goldwater]"Federal Reserve Notes are illegal" [US Representative Dr. Ron Paul]IF THIS IS TRUE WHY HAVEN'T I HEARD ABOUT THIS?"These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government." [Teddy Roosevelt]We also have to ask ourselves why we were not taught the truth about the Federal Reserve in school. Click on the following video link to hear the testimony of Norman Dodd, head of the congressional committee that investigated the Rockefeller, Carnegie and Ford foundations and their intent to control education:<a class="user" href="http://video.google.com/videoplay?docid=-7529890059122668728&q=hidden+agenda+norman+dodd">http://video.google.com/videoplay?docid=-752989005 ...</a>HOW DOES THIS AFFECT ME?Congress initially defined a lawful money "dollar" as being and consisting of (at least) 371.25 grains of pure silver. Before 1965 anyone could exchange one paper dollar for one real silver dollar. However, in 1965 the united States' mint stopped minting silver dollars. When this occurred inflation began to skyrocket. Now it takes a whole fist full of paper dollars (i.e., "Federal Reserve Notes") to buy one real silver dollar. It now takes two working parents to support a family, and the national debt is rapidly approaching nine trillion dollars! And this is not even counting the private debt by individuals and corporations. Get the picture? The paper and digital currency that bankers create out of thin air is backed by nothing. The more paper "dollars" they roll off the printing presses or digital "dollars" created by computers, the less each one is worth. Therefore, it takes more of 'em to buy the things we need, so the price of everything has to go up and up and up. Unfortunately, wages for most people will not increase fast enough to stay ahead of the game. But not to worry, the international banksters have created plastic "credit cards" to help you out (heh, heh, heh). Of course, they don't bother to tell us that they do not create enough paper/digital currency to pay off the debt plus interest so mathematically the economy will eventually collapse as has always occurred in history with paper currencies.HOW DID ALL OF THIS GET STARTED?Briefly, the Federal Reserve system was created by international banking families such as the Rothschilds, Warburgs and Rockefellers. This international banking cartel creates "money" out of thin air. It only costs them a few cents to print each Federal Reserve Note "dollar bill", and then they "bill" the American people for the full face value of the note. Then to add insult to injury, they charge us interest to borrow their so-called "money". If you or I did this, we would be arrested for counterfeiting and fraud. This system was instituted gradually, starting with the Civil War.The Federal Reserve is also a monopoly--in a country where monopolies are supposed to be illegal. The IRS deposits people's income tax checks directly in the Federal Reserve banks--not in the united States Treasury. Therefore, it appears that the IRS is merely the collection agency for the international banksters. Anyone can obtain the original incorporation papers (certified copies) for the IRS from Delaware's Secretary of State.Yes, the IRS is a corporation. It was incorporated in 1933 by private individuals. Over the years the IRS has become a tool of the elite banking families to financially attack and/or imprison people who expose the Federal Reserve. It is also a tool used by the D.C. elite to attack people who expose government corruption.If you take out a paper dollar and look at it, you will notice that it states at the top of the "bill": "FEDERAL RESERVE NOTE". A "note" is, by definition, an "instrument of debt" and "evidence of debt". According to BLACK'S LAW DICTIONARY (Sixth Ed.) "MONEY" is defined: "In usual and ordinary acceptation it means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." Now this may come as a shock to some people, but those paper "Federal Reserve Notes" are not money and they are not dollars. Federal Reserve Notes are merely IOUs. There is nothing backing these "bills" except debt. However, people (voluntarily) use them as [instead of] money and as dollars. The key word is "as". (The smallest words can have the biggest meanings.) Banks can create this phony "currency" out of thin air. Banks can loan out "currency" that they don't even have. When you apply for a loan from a bank, the bank does not have anything to back up that loan because they are allowed to loan out about seven to ten times more "currency" than they have on deposit. This is not mere speculation; this is a matter of court record, testimony under Oath, by a former lawyer for the Federal Reserve. In other words bankers create "currency" with just the stroke of a pen or the keystroke of a computer. These bankers then charge you "interest" to borrow this "currency", which is nothing more than some numbers typed on a piece of paper! If We the People ever did this we would be spending many years in a federal prison. This fraudulent "currency" system benefits not only bankers, but lawyers as well. As I have demonstrated in Whitman County, Washington, lawyers (members of the Bar Association) serve the Federal Reserve international banksters, not We the People. The documentation that I have thus far accumulated reveals that Bar Association prosecutors and judges, and even the Attorney General and Governor (also Bar Association members), are co-conspirators with bankers to unlawfully attack and imprison people for bringing up the REAL MONEY issue. The evidence clearly indicates that there is a nationwide criminal conspiracy of bankers and lawyers to overthrow the united States of America. CLICK HERE to learn more about this criminal conspiracy.REAL MONEY IS GOLD & SILVER COINArticle I, Section 10 of the united States' Constitution states: "No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts." The united States' Constitution is the Supreme Law of the Land and this Law has never been amended. Article I, Section 8 states: "The Congress shall have Power...to coin Money". Notice that it states "coin" not "print". Anyone who reads James Madison's notes of the Constitutional Convention, The Federalist Papers, etc. will find that one of the purposes of the Constitutional Convention was to do away with paper money--entirely! Thus for the first 72 years from the founding of our nation the united States' Government only minted gold and silver COINS for money. "It is apparent from the whole context of the Constitution as well as the history of the times which gave birth to it, that it was the purpose of the Convention to establish a currency consisting of the precious metals. These were adopted by a permanent rule excluding the use of a perishable medium of exchange, such as of certain agricultural commodities recognized by the statutes of some States as tender for debts, or the still more pernicious expedient of paper currency." [President Andrew Jackson, 8th Annual Message to Congress, December 5, 1836]"The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. I am an enemy to all banks, discounting bills or notes for anything but coin. If the American people 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 nightmare that Thomas Jefferson predicted became painfully real during the Great Depression when the international banksters caused the foreclosure of untold numbers of homes, farms and businesses. As the national debt moves swiftly toward seven trillion, it appears that we are heading for another economic upheaval.MARK OF THE BEAST OR RELIGIOUS MANIPULATION?Anyone can obtain an official letter from the Social Security Administration stating that the IRS has jurisdiction over the SSA. The IRS is merely a corporation used to turn over the labor and possessions of Americans to the international bankers who own the Federal Reserve. The corporation known as the Social Security Administration is not even based in Washington, DC. It is based in Baltimore, Maryland and it does not even have government franking privileges. Currently, in the United States you cannot get a job, bank account, insurance, driver's license, hunting or fishing license without a Social Security Number. In other words, you cannot make a living, travel, buy or sell without this number. Chapter 13 of Revelations states that the Mark of the Beast is a number without which one cannot buy or sell. Is this the "mark of the beast" or religious manipulation on the part of the powers that be?During the Constitutional Convention the delegates used the words "emit bills of credit" to refer to the issuance of paper (debt-based) currency. The framers of the Constitution were so adamant about prohibiting the printing of paper currency that one of the delegates, George Reed of Delaware, exclaimed that if they put the words "emit bills of credit" in the Constitution it would be "as alarming as the mark of the beast in Revelation!"WHAT CAN I DO ABOUT IT?1. GET EDUCATED: The first thing anyone can do and should do is to educate oneself on the subject. The book ECONOMIC SOLUTIONS is a good place to start. Another source is A PLEA FOR THE CONSTITUTION OF THE UNITED STATES by George Bancroft. Another highly-recommended book on the subject of the Federal Reserve is THE CREATURE FROM JEKYLL ISLAND by G. Edward Griffin.2. There are some great videos that educate people about the Federal Reserve Fraud and the international bankers plan for a cashless society. Many people today would rather watch a movie than read a book. CLICK HERE for free video documentation of the Federal Reserve Fraud and other related subjects.3. Get some US-minted Silver Eagles (one troy ounce of 99.9% silver) and start using them to buy goods and services. Of course, businesses are not required to accept them at the 20 to 1 ratio determined by the US mint. Remember what Andrew Williams, a spokesman for the Federal Reserve in Washington, D.C. said about Federal Re
Closed AccountSep 30, 2008
This is an excellent explaination of how the Federal Reserve works, and how it artificially increases demand for goods and services, which continually drives up prices and decreases the value of our money.