CGI's Liberty_Lady: Abolish The Fed? So Much Hot Air

CGI's Liberty_Lady: Abolish The Fed? So Much Hot Air

Posted By: Susoni [Send E-Mail]
Date: Tuesday, 16-Jul-2013 12:43:14

Every so often I read about some politician loudly promoting kicking the Federal Reserve out of the country. While I totally agree with that, let's take a calmer look at that scenario. It is a sham when politicians talk about abolishing the Fed. Why would politicians kill the goose that lays the golden egg? The correct answer is, they wouldn't. Be highly suspicious when you hear a politician calling for the 'end of the Fed'. Question them closely. How would they accomplish this? What would they replace it with? Although there are many things I admire about Ron Paul, I think he's either being disingenuous or he needs further education on the incestuous relationship between Congress and the Federal Reserve System. The reason for that remark is simple. The Fed gave Congress a blank checkbook right after their inception. Do you really think any politician is going to walk away from that? In his book, "The Creature from Jekyll Island", G.Edward Griffin explains: "We examined the three methods by which the Federal Reserve is able to create or extinguish money. Of the three, the purchase and sale of debt-related securities in the open market is the one that provides the greatest effect on the money supply. The purchase of securities by the Fed (with checks that have no real money to back them)creates money; the sale of those securities extinguishes money. Although the Fed is authorized to buy and sell almost any kind of security that exists in the world, it is obligated to show preference for bonds and notes of the federal government. That is the way the monetary scientists (bankers) discharge the commitment to create money for their partners, the political scientists (Congress). Without that service, the partnership would dissolve and Congress would abolish the Fed. " With it, no politician is going to seriously call for the Fed's demise. Let me explain that further. It's easy for one or two politicians to appear to be against the Fed when they know they are blowing smoke because they will NEVER have the votes to accomplish this. They know it. But they get to look like the good guys to those of us who are waking up and demanding some real reform. To be completely fair, maybe they do believe the Fed should be abolished. But if they've been in Congress more than one term, they know how the system operates. So, yes, I call that disingenuous. Part of the problem is lack of knowledge of high finance by members of Congress. Just because someone has a degree in law or medicine does not confer superior economic knowledge.If the likes of William Jennings Bryon could be fooled by the monied elite, nearly every politician can be. You should never try to play a shell game with the same people who invented the game. Some politicians were suspicious of the Federal Reserve System because they knew some of the history of central banking in this country. But their fears were allayed with sharp double talk, open ended laws that allowed the tinkering with the system now 186 times! Or they were bought off. Each politician knows what category he or she belongs in. From what little I've studied, it appears that every time central banking was allowed a foothold in this country, it was a disaster for at least the average citizen and the independent banks. The elite bankers had plenty of time to get the laws in place that would allow them to rape and pillage this country. They had plenty of money to grease the skids as well. A handful of greedy elite in charge of a central bank, controls whatever country is stupid enough to let them get their toe in the door. And all they have to do to ensure their longevity there is to hand politicians a blank checkbook. Never mind that it's just fiat money. The politicians will borrow for every conceivable need until every citizen in the country is in bondage to these carrion fowl. And the politicians who do see central banks like the Federal Reserve for what they are? Well, this is what G. Edward Griffin had to say about the Congress of 1920. "By 1920, suspicion and resentment were growing in the halls of Congress. Politicians were not getting their share. It is possible that many of them failed to realize that, as partners in the scheme, they were entitled to a share. Nevertheless, they were dazzled by banker language and accounting tricks and were afraid to tinker with the System lest they accidentally push the wrong button. Watching with amusement from London way Fabian Socialist John Maynard Keynes, speaking of the Federal Reserve's manipulation of the value of the dollar, he wrote: 'That is the way by which a rich country is able to combine new wisdom with old prejudice. It can enjoy the latest scientific improvements devised in the economic laboratory of Harvard, whilst leaving Congress to believe that no rash departure will be permitted...But there is in all such fiction a certain instability...The suspicions of Congress may be aroused. One cannot be quite certain that some Senator might not read and understand this book.' "There wasn't much danger of that! By then, American politicians had acquired a taste foe the heady wine of war funding and stopped asking questions. WWI had created enormous demands for money and the Fed had provided it. By the end of the war, Congress hostility to the Federal Reserve became history." "The Creature from Jekyll Island." And also by that time Congress had realized it could get money without raising taxes. Perpetual debt was insured. So, what happened to American gold that at one time backed at least some of the paper currency? Mostly it was funneled to England. And that move was deliberate. Remember England was still suffering from economic woes too, worse that America was. They had gone heavily into debt during WWI. How could they pump up their economy without putting their citizens into poverty or heavy taxation? (same thing)Why here come the central bankers to the rescue. At the same time as the central bankers were propping up the English economy with American gold, that same system was in a fractional reserve banking orgy in America. Interest rates sere set artificially low. People were encouraged to borrow like there was no tomorrow.Money was cheap. Things of little value usually are. And we all know about fiat dollars now. As long as no one went to the bank for all of their money, things were rolling along pretty well until 1929. Remember, borrowing is what creates fractional banking since the banks only have to keep 10% on reserve in the bank and can then lend out the other 80% with interest, of course. Not a bad scam if you're a banker. Unfortunately, people like my grandfather lost two farms during this period and nearly lost the one his family lived on. In 1928 the Fed purposely closed the 'candy store' credit to cause a bust. Then they raised interest rates. War is what oils the machinery of central banking and we have had nearly perpetual was at least in the previous century. This is the Military/Industrial Complex that Ike warned us about as he was leaving office. These are the secret societies that JFK warned us about in 1963. So, will these elite win? They have most of the gold by now. But there are still things the average person can do to stop feeding the monster. GET AND STAY OUT OF DEBT! Remember, debt is what feeds the creature. When you aren't in debt, you aren't as much at their mercy. That would be a blow to the bankers. And, can you imagine what would happen if everyone stopped their payroll deductions , saved that money at home, and paid their taxes on April 15th? That would be a blow to the politicians. It's something to think about. http://www.rumormillnews.com/cgi-bin/forum.cgi?read=282503