The Threats Of and By The Federal Reserve

Federal Reserve General Counsel Scott Alvarez Threatens the U.S. with Economic Terrorism – Cryptogon 9/26/09

Federal Reserve Threatens Economic Disaster If Forced to Reveal Secrets – Global Research 8/31/09

Bernanke threatens economic crash if Congres audits Fed: damning video of Congressional testimony – Examiner 9/3/09

Geithner: Auditing the Fed Is a “Line That We Don’t Want to Cross” – WSJ via Cryptogon 8/26/09

Congressman Grayson: Fed Secretly “Stuffed” $500 Billion into “Foreign Private Pockets” and Gave $230 Billion to Citi “As a Secret Bailout” – Washington’s Blog 9/17/09

Just a few weeks ago, while Chairman Bernanke was testifying to Congress, we examined the Fed balance sheet and P&L statement only to find what looked like the Fed handing over half a trillion dollars to foreigners. This was very surprising! When I asked Chairman Bernanke if this was true, he said, “Yes.” When I asked him who got the money, he said, “Fourteen foreign Central Banks.” And when I asked to who did they give the money, he said, “I don’t know.” “I don’t know” is not good enough when you’re talking about $500 billion. That’s $1700 for every man, woman, and child in this country.

Bank President Admitted that All Credit Is Created Out of Thin Air With the Flick of a Pen Upon the Bank’s Books – Washington’s Blog 9/23/09

In First National Bank v. Daly (often referred to as the “Credit River” case) the court found: that the bank created money “out of thin air”:

[The president of the First National Bank of Montgomery] admitted that all of the money or credit which was used as a consideration [for the mortgage loan given to the defendant] was created upon their books, that this was standard banking practice exercised by their bank in combination with the Federal Reserve Bank of Minneaopolis, another private bank, further that he knew of no United States statute or law that gave the Plaintiff [bank] the authority to do this.

It is the Federal Reserve Board that is bankrupt, not the USA – Benjamin Fulford 9/24/09

Zero Hedge Claims that the Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in March Alone – Prison Planet 8/25/09

The Record of the Federal Reserve – TCS Daily 8/27/09

Must-read basic information

Let’s set aside what The Fed says for a moment and examine what it actually does.

·         From 1776 to 1912 (136 years), the value of the dollar, relative to the Consumer Price Index, increased by 11%. A dollar could buy 11% more goods in 1912 than in 1776. Thus, if in 1776, you sat on your savings pile of $1,000,000 for 136 years, it would then be worth $1,110,000 in purchasing power (it will have appreciated in value by 11%). A loaf of bread for Thomas Jefferson cost the same as a loaf of bread for Lincoln 50 years later and again the same for J.P. Morgan 50 years after that.

·         The United States Federal Reserve System was created in 1913. The stated purpose of the Fed, by the definition taken from its own website, is to “conduct the nation’s monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.” Note that “stable prices” is another way of saying “stable dollar,” they are two sides of the same coin (couldn’t resist the pun).

·         After the Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913. Thus, if in 1913, you sat on your savings pile of $1,000,000 for 95 years, it would then be worth only $50,000 in purchasing power (it will have depreciated in value by 95%). One would now need to pay about 20X more than J.P. Morgan for one’s bread. Ask my mother how much the price of milk has increased just in the last ten years alone.

The Real Reasons Behind Fed Secrecy – Ron Paul House.gov 9/29/09

An audit would expose the Fed as a massive fraud perpetrated on this country, enriching a privileged few bankers at the top of our economic food chain, and leaving the rest of us with massively devalued dollars which we are forced to use by law. An audit would make people realize that, while Bernie Madoff defrauded a lot of investors for a lot of money, the Fed has defrauded every one of us by destroying the value of our money. An honest and full accounting of how the money system really works in this country would mean there is not much of a chance the American people would stand for it anymore.

86% of Economics professors during Great Depression supported ending the Federal Reserve – Examiner 10/6/09

The Anti-Fed Revolution Is Happening – Prison Planet 9/28/09

Is The Federal Reserve A Secret Society? – Prison Planet 10/8/09

The Man Who Sells America’s I.O.U.’s – NYTimes 8/23/09


4 Comments so far
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I don’t know about you, but the power the Fed has on our economy scares me. These are people never elected to office and they hold all the power. It’s amzing to me how people in this country don’t realize that the Fed has created a fraudulent banking system.

You can find me at waylon1776.wordpress.com. I plan to open a page dedicated to Ron Paul in the future. If you’d like you could send me info, and I can do the same for you.

Comment by waylon1776

There’s a growing resistance against the unconstitutional ‘Federal’ Reserve. I hope that the US can follow Ecuador’s strong example of declaring such debt illegitimate.

Comment by hope2012

Here is what the fed has done to our dollar!


Comment by bunkerville

Thanks for posting; that’s an excellent graph. Hyperinflation is already here!

Comment by hope2012

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