America’s Economy Cannot Survive Another Lockdown — And The ‘Global Reset’ Cult Knows It

The U.S. economy has been on the verge of collapse for at least a decade, ever since the crash of 2008 and the subsequent explosion in fiat stimulus from the Federal Reserve.

While the mainstream media has always claimed that central bankers “saved” us from another Great Depression, what they actually did was set us up for a far worse scenario — a stagflationary implosion of our society.

America’s Economy Cannot Survive Another Lockdown — And The 'global Reset' Cult Knows It Klaus Schwab Quote Reset The World

Here is the primary problem: By injecting trillions of bailout dollars into the system, the Federal Reserve prevented the economy from going through its natural purging cycle.

This cycle would have been painful for many, but survivable, and it would have removed large amounts of excess debt, parasitic corporations that produce little or nothing of use, as well as numerous toxic assets with no legitimate value.

For a real free market to function, weak or corrupt elements must be allowed to fail and die. Instead, central banks around the world and most prominently the Fed kept all of those destructive elements on life support.

This has created what amounts to a “zombie economy:” a system that needs constant outside support (stimulus) in order to continue moving forward. In the process of keeping zombie corporations and other parts of the body alive, healthy parts of the economy, like the small business sector, get devoured.

The zombie economy is, however, highly fragile. All it takes is one or two major shocks to bring it down, and the moment this happens the whole facade will disintegrate, leaving the public in panic and disarray. This is what is happening right now in 2020, and it will get much worse in 2021.

Bailouts encourage and reward unhealthy financial behavior, and this is why national debt, corporate debt and consumer debt have recently hit historic highs. When every pillar of the economy is encumbered with the weight of debt, any instability has the possibility of bringing all those pillars down at once.

The Federal Reserve turned the U.S. into an economic time bomb, and the Fed is itself more like a suicide bomber than some kind of fiscal savior.

The “Great Reset”

I first heard the term “global reset” or “great reset” back in 2014/2015. I wrote an article about how the reset was actually a long term process in my article The Global Economic Reset Has Begun. Christine Lagarde was the head of the IMF back then, and she mentioned it briefly in multiple interviews.

Ultimate Proof: Covid-19 Was Planned To Usher In The New World Order

I made a mental note of it because it seemed planted into the discussion very awkwardly, as if it was scripted. I rarely heard it mentioned for years after that. In 2020, as we descend into social and economic chaos, I’m seeing the phrase used everywhere in the media and by globalists.

Over the past decade, globalist institutions have come up with numerous phrases that seem to refer to a worldwide planned and dramatic shift in human society sometime in the near future.

The “great reset” is just another phrase for “the new world order.” It is important to understand that the reset these people are talking about has actually been engineered and staged for many years.

This is not something that just popped up in 2020 — they have been talking about it since at least 2014. And before that, they talked about the new world order, and “multilateralism,” and the “multi-polar world order,” and Agenda 2030, etc.

The reset is the catalyst phase of an agenda that has been in the works for a long time now. The goal, as they have openly admitted many times, is to centralize the entire globe into one monetary structure, one highly interdependent and socialized economy, and eventually one faceless and unaccountable governing body.

One of the biggest obstacles to the finalization of the reset and the formation of the new world order has been liberty-minded populations across the planet — most of all, the liberty-minded people within America.

The U.S. has to be destabilized or eliminated; the old world order has to be brought down before the new world order can be introduced.

The people have to be beaten down and desperate, so that when the globalists offer their “reset” as the solution, the people will gladly accept it without question — simply because they want the economic pain and uncertainty to stop.

A common statement made by globalists from Klaus Schwab at the World Economic Forum to the current Prime Minister of Canada, Justin Trudeau, is that the coronavirus pandemic is the “perfect opportunity” to trigger the “great reset.”

As globalist Rahm Emanuel is famous for admitting, in crisis there is opportunity to do things you were not able to do before.

In other words, when people panic in the face of crisis, they become easy to manipulate. And, if a crisis doesn’t happen naturally, then why not create a crisis from thin air and use that to cause panic?

Enter The Economic Lockdowns…

The lockdowns have not only been proven to do nothing to stop the spread of the coronavirus, but they are also a clear attack on what’s left of our economic system. The small business sector in particular is being gutted as more than 60% of those that shut down during the first lockdown were unable to reopen.

Small businesses provide more than half of all employment in the U.S.. When they collapse, the U.S. economy will have nothing left except the big-box corporations that the Fed put on life support over a decade ago.

Real unemployment, which is already at 26%, will skyrocket even further if a second national lockdown is initiated. The speedy collapse of the U.S. economy will be assured, and the “great reset” can commence.

At least, that is what the globalists want to happen…

With the U.S. presidential election currently being contested, it is hard to say how the next few months will play out in detail. As I have been pointing out since July, a contested election is the best possible scenario for the globalists because it creates a Catch-22 situation:

  1. If Trump stays in office, the political left will accuse him of usurping the presidency and there will be mass riots in the streets. Conservatives will be tempted with the idea of bringing in martial law to suppress rioters, and such measures will undermine the flow of the U.S. economy, causing its fragile structure to implode.
  2. If Biden enters the White House, then he will attempt a Level 4 lockdown similar to the lockdowns we have seen in Australia, France, Germany and the UK; perhaps even worse. Our economy will crumble, conservatives will revolt, and Biden will attempt martial law measures.

Either way, the globalists get their crisis, and therein their opportunity.

Surviving The Lockdowns And Deterring The Globalists

But here is where things get less certain for the elites. If liberty-minded Americans organize immediately for security and mutual aid, we can defuse the Catch-22.

If we provide for our own security within our own communities, there will be no rationale for Trump to institute martial law. Community security is an awesome deterrent against leftist rioting and looting, and basic economic trade can continue.

By extension, if we organize our own community security as well as localize our economies with barter and trade, we also act as a deterrent to Biden and any ideas he might have of enforcing national lockdowns.

The point is, we can’t allow the globalists to dictate the terms of the crisis. We must act to change the rules of the game.

The reset is not a natural inevitability, it is a con, a trap. No matter how bad the crisis in our nation becomes, it is the people — namely the liberty-minded people — who will determine the future, not the globalists. Their plan relies on our panic.

Instead of panic, let’s show them a unified front and a plan of our own.

Rockefeller Foundation’s Operation Lockstep: ‘Under The Guise Of A Pandemic, We Will Create A Prison State’

“Under the guise of a pandemic, we will create a prison state”

Right from the horse’s mouth. And is it not right now looking just like a police state?

Until recently you were not allowed to visit Aunt Edna across the country & folk even in NZ have been receiving visits from the law enforcement for no particular reason.

David Rockefeller Operation Lockstep

In other countries they are being arrested (Australia) for peacefully protesting (Canada).

Folk are now required to leave their personal contact details if they shop anywhere leaving them open for further visits by Police (if you happened to have been in contact with an infected person even when neither of you knew) and Police are now allowed to enter your premises without a search warrant.

All of course in the name of your safety & happening elsewhere as we speak. And based on a crisis that has a death rate of 0.2%no worse than seasonal flu.

This all changed in NZ when draconian laws got passed with nary a protest from anybody except one sole MP. All kudos to Simon O’Connor for that.

Thanks to the New Manhatten Project YT channel for the video below that explains concisely the Rockefeller plan to introduce martial law and a police state.

You can find the pdf file link to the actual document here (the lockstep operation begins at page 18).

As I’ve been saying, these people have made no secret of their plans. They’re right there in plain sight if you want to look.

Unfortunately most folk prefer to keep on listening to mainstream fairyland media and ignore what’s really going on right under their noses. Guess who owns mainstream fairyland?

The scenario of martial law is described in a futuristic manner in this Rockefeller Foundation document, as a scenario that’s already happened:

“One important — and novel — component of our strategy toolkit is scenario planning, a process of creating narratives about the future based on factors likely to affect a particular set of challenges and opportunities”. (document intro)

From the Foundation’s statement of purpose:

“The Rockefeller Foundation supports work that expands opportunity and strengthens resilience to social, economic, health, and environmental challenges — affirming its pioneering philanthropic mission, since 1913, to “promote the well-being” of humanity.”

Now interestingly, 1913 is the year they passed the Federal Reserve Act & heisted the Federal Reserve which is their private corporation and not a state banking system … their statement would be better worded “promote the well-being of we the bankers”:

In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5).

When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), “I have unwittingly ruined my country”.

Note also JFK acted to remove their monopoly on banking & interest profiteering in 1963, the same year he was assassinated.

Watch the video below:

“IT IS POSSIBLE TO DISCIPLINE AND CONTROL SOME SOCIETIES FOR SOME TIME, BUT NOT THE WHOLE WORLD ALL THE TIME.” – GK Bhat, TARU Leading Edge, India p20

“Citizens willingly gave up some of their sovereignty — and their privacy — to more paternalistic states in exchange for greater safety and stability” (P18)

Source and reference: Envirowatchrangitikei.wordpress.comNommeraadio.ee (the lockstep operation begins at page 18)

The War On Cash, Covid-19 Edition

The digital “toll”

It doesn’t require too dark an imagination to realize the gravity of the concerns over the digital yuan.

China is a true pioneer when it comes surveillance, censorship and political oppression and the digital age has given an incredibly efficient and effective arsenal to the state.

Adding money to that toolkit was a move that was planned for many years and it is abundantly clear how useful a tool it can be for any totalitarian regime.

The War On Cash, Covid 19 Edition

The ability to track citizens’ transactions, access their financial data, control and freeze the account of anyone that presents a potential threat, it all opens the door to the ultimate oppression: total control over private resources, over people’s livelihoods and their capacity to cover their basic needs.

But we don’t even have to wait for the first signs of abuse of the system. As part of the government’s covid relief spending packages, digital vouchers were loaded to Chinese citizens’ smartphones to encourage them to spend in their local stores.

According to Dr. Shirley Yu, visiting fellow at the London School of Economics:

“Digital coupons allow the Chinese government to trace the usage of these coupons,” and they “allow the government to know which sector is most helped, who uses it and where money is actually spent”.

Of course, if the government has access to data that allows them check if their policies were well transmitted and if the money was spent as they intended, they can also use that data to check and trace any transactions for any other purpose.

Xu Yuan, a senior researcher with Peking University’s Digital Finance Research Cen­tre, highlighted the regulatory benefits of making all cash flow in society traceable.

“In theory, following the launch of the digital yuan, there will be no transaction that regulatory authorities will not be able to see – cash flows will be completely traceable,” Xu said in an interview.

“Of course, this thought is scary enough on its own, but it becomes infinitely more terrifying when those that control the system have a very long track record of abuse and blatant disregard for basic rights and liberties.

“It could never happen here”

That’s probably the most oft-repeated argument in our “civilized” western democracies, right before some terrible governmental abuse of power takes place, or before some new restrictive law or overarching regulation gets passed that limits individual citizens’ rights.

A lot of people thought that the PATRIOT Act could never get passed, that banking secrecy would always be respected, and that there’s no way we’d ever see a global economic shutdown by decree.

By comparison, a digital fiat currency is not really that far-fetched.

In fact, about 20 central banks apart from the PBOC are already actively working on it. As for the possibility of digital currencies and payments systems being enforced, most central bank officials and politicians in the West seem to be quite confident.

In a recent interview, Philadelphia Federal Reserve bank president Patrick Harker said a real-time digital payments option was “inevitable”, while the chief of the Bank for International Settlements also recognized that central banks will need to issue their own digital currencies soon.

During the corona relief debates in the US, Democratic Senator Sherrod Brown, advocated for the stimulus payments to be distributed thought a digital dollar wallet.

The so-called ‘FedAccount’ program, with the Federal Reserve responsible for overseeing it, would offer free bank accounts to receive money and make payments.

As for the EU, for many years there has been very strong support for the development of a digital single market.

According to a recent European Parliament Briefing,

“There is no pan-EU retail payment method to date (other than cash in euros), as there is no European card scheme. This is a source of concern for the European Central Bank (ECB)…. Thus, the ECB is calling for a European payment strategy to change this situation.”

This is by all accounts the next step in the centralization and integration plan of the Union, and this couldn’t be a better time for it to materialize.

Given the decline in public trust after the EU’s handling of the corona crisis, financial “integration” could be a valuable tool to tie the members tighter together and to force all citizens into a common digital economy, centrally planned and managed.

A fork in the road

So, if we accept that digital currencies are inevitable and arguably their emergence has been accelerated by the corona crisis, the real question is who controls them, who issues and distributes them, and who determines their value.

We stand at a historic crossroads and the answer to these questions can determine the kind of future we’ll wake up to. It can be a very bleak one, if the power remains with governments and centralized institutions.

In this scenario, money will retain all the flaws and vulnerabilities of today’s fiat currencies, only its digital nature will amplify them to an unimaginable extent.

The privacy violations of today will become simply unstoppable, a mere fact of life, while disastrous monetary policies, like negative rates, so far only cushioned by the individuals’ ability to sidestep them through physical cash, will be forcibly and uniformly transmitted throughout the economy.

On the other hand, the future could instead be bright, if we take the other path, towards decentralization, free competition and individual financial sovereignty.

If we instead choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.

Savings can be accommodated though physical gold-backed digital currencies, real assets can be tokenized to facilitate and secure physical property sales, specialized cryptocurrencies can offer privacy and untraceable transactions.

Far from a pipe dream, many solutions like these already exist, while others are in the making. There is therefore a choice about what kind of future we want and it is us, as individuals, that must make it.

By Claudio Grass, Hünenberg See, Switzerland

Wake Up!

Top 5 Censored News Stories of 2018

We all know that the corporate media has no interest in shedding light on certain societal issues, and it seems that many people are awakening to the reality that if we want to know the truth, we have to go out and find it for ourselves.

2018 was a remarkable year in this regard, because tech giants and major media began openly censoring social media and de-platforminganti-establishment voices and media organizations.

Censorship of the news is as old as government itself, and for last 40 years, watchdog groups have kept a record of each year’s most censored, under-reported on, and important issues.

Project Censored keeps this tradition alive with its end of year report.

“The presentation of the Top 25 stories of 2017-2018 extends the tradition originated by Professor Carl Jensen and his Sonoma State University students in 1976, while reflecting how the expansion of the Project to include affiliate faculty and students from campuses across North America has made the Project even more diverse and robust.

“During this year’s cycle, Project Censored reviewed over 300 Validated Independent News stories (VINs) representing the collective efforts of 351 college students and 15 professors from 13 college and university campuses that participated in the Project’s Campus Affiliates Program during the past year.” [Source]

The following top 5 censored stories as excerpted from Project Censored. Serious food for thought, for those out there paying attention:

5. Washington Post Bans Employees from Using Social Media to Criticize Sponsors

In June 2017, Andrew Beaujon reported in the Washingtonian on a new policy at the Washington Post that prohibits the Post’s employees from conduct on social media that “adversely affects The Post’s customers,… – Read more

4. How Big Wireless Convinced Us Cell Phones and Wi-Fi are Safe

A Kaiser Permanente study (published December 2017 in Scientific Reports) conducted controlled research testing on hundreds of pregnant women in the San Francisco Bay area and found that those who had been exposed… – Read more

3. World’s Richest One Percent Continue to Become Wealthier

In November 2017, the Guardian reported on Credit Suisse’s global wealth report, which found that the richest 1 percent of the world now owns more than half of the world’s wealth. As… – Read more

2.  “Open-Source” Intelligence Secrets Sold to Highest Bidders

In March 2017, WikiLeaks released Vault 7, which consisted of some 8,761 leaked confidential Central Intelligence Agency (CIA) documents and files from 2013 to 2016, detailing the agency’s vast arsenal… – Read more

1. Global Decline in Rule of Law as Basic Human Rights Diminish

A 2018 survey conducted in response to global concerns about rising authoritarianism and nationalism shows a major decrease in nations adhering to basic human rights.

As the Guardian reported, the World Justice Project… – Read more

Final Thoughts

Take a look at the complete list of The Top 25 Censored Stories of 2017-2018, as presented byProject Censored

Century of Enslavement: The History of The Federal Reserve

 

 

Part One: The Origins of the Fed

The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.” — FDR letter to Colonel Edward House, Nov. 21, 1933

All our lives we’ve been told that economics is boring. It’s dull. It’s not worth the time it takes to understand it. And all our lives, we’ve been lied to.

War. Poverty. Revolution. They all hinge on economics. And economics all rests on one key concept: money.

Money. It is the economic water in which we live our lives. We even call it “currency”; it flows around us, carries us in its wake. Drowns those who are not careful.

We use it every day in nearly every transaction we conduct. We spend our lives working for it, worrying about it, saving it, spending it, pinching it. It defines our social status. It compromises our morals. People are willing to fight, die, and kill for it.

But what is it? Where does it come from? How is it created? Who controls it? It is a remarkable fact that, given its central importance in our lives, not one person in a hundred could answer such basic questions about money as these.

Interviewer: So if you were planning a family, you’d want to know where babies come from. And this is a lot about banking. So let me ask you: Where does money come from?

Interviewee 1: Where does the money come from? The government prints it. It’s printed off.

Interviewer: How is new money created?

Interviewee 2: By labor. People work and produce wealth, and the money is supposed to match that wealth.

Interviewee: Where does money come from?

Interviewee 3: Well, I have a pretty different outlook on money. It actually comes from, like, trees, right?

SOURCEOccupy Vancouver answers “Where does money come from?”

But why is this? How could we be so ignorant about a topic of such importance? “Where does money come from?” is a basic, childlike question. So why is our only response the childlike answer, meant as a joke: “It grows on trees”?

Such a profound state of ignorance could not come about naturally. From the time we are children, we are curious about the world and eager to learn about the way it works. And what could lead to a better understanding of the way the world works than a knowledge of money, its creation and destruction? Yet discussion of this topic is fastidiously avoided in our school years and ignored in our daily life. Our monetary ignorance is artificial, a smokescreen that has been erected on purpose and perpetrated with the help of complicated systems and insufferable economic jargon.

But it doesn’t take an economist to understand the importance of money. Deep down we all know that the wars, the poverty, the violence we see around us hinges on this question of money. It seems like a thousand-piece jigsaw puzzle just waiting to be solved. And it is.

The puzzle pieces, taken together, create an image of the Federal Reserve, America’s central bank and the heart of the country’s banking system. Despite its central importance to the economy, relatively few have heard of it, and fewer still know what it is, despite the bank’s attempts at self-description:

Our economy runs on a complex system of exchange of goods and services in which money plays a key part. Coin, currency, savings, and checking accounts; the overall supply of money is managed by the Federal Reserve. Money is the medium through which economic exchanges take place, and money as a standard of value helps us to set prices for goods and services. The job of managing money—monetary policy—is to preserve the purchasing power of the dollar while ensuring that a sufficient amount of money is available to promote economic growth.

The Federal Reserve also promotes the safety and soundness of the institutions where we do our banking. It ensures that the mechanisms by which we make payments, whether by cash, cheque, or electronic means, operate smoothly and efficiently.

And in its fiscal role acts as the banker for the United States government.

Now these duties comprise the major responsibilities of our central bank.

SOURCEThe Fed: Our Nation’s Central Bank

But in order to understand the Federal Reserve, we must first understand its origins and context. We must deconstruct the puzzle.

The first piece of that puzzle lies here, in the White House. This is where the Federal Reserve Act, then known as the Currency Bill, was signed into law after passing the House and Senate in late December 1913.

The New York Times of Christmas Eve 1913, described the festive scene:

“The Christmas spirit pervaded the gathering. While the ceremony was a little less impressive than that of the signing of the Tariff act on Oct. 3 last in the same room, the spectators were much more enthusiastic and seized every occasion to applaud.”

There in the White House that fateful December evening, President Wilson signed away the last veneer of control over the American money supply to a cartel—a well-organized gang of crooks so successful, so cunning, so well-hidden that even now, a century later, few know of its existence, let alone the details of its operations. But those details have been openly admitted for decades.

Of course, just as we have been taught to find economics boring, we have been taught that this story is boring. This is the way the Federal Reserve itself tells it:

The United States was facing severe financial problems. At the turn of the century, most banks were issuing their own currency, called “bank notes.” The trouble was, currency that was good in one state was sometimes worthless in another. People began to lose confidence in their money, since it was only as sound as the bank that issued it. Fearful that their bank might go out of business, they rushed to exchange their bank notes for gold or silver. By attempting to do so, they created the Panic of 1907.

SOURCEWhere The Bankers Bank

During the panic, people streamed to the banks and demanded their deposits. The banks could not meet the demand; they simply did not have enough gold and silver coin available. Many banks went under. People lost millions of dollars, businesses suffered, unemployment rose, and the stability of our economic system was again threatened.

Well, this couldn’t go on. If the country was going to grow and prosper, some means would have to be found to achieve financial and economic stability.

To prevent financial panics like the one in 1907, President Woodrow Wilson signed The Federal Reserve Act into law in 1913.

SOURCEToo Much, Too Little

But this is history as told by the victors: a revisionist vision in which the creation of a central bank to control the nation’s money supply is merely a boring historical footnote, about as important as the invention of the zipper or an early 20th century hula-hoop craze. The truth is that the story of the secret banking conclave that gave birth to that Federal Reserve Act is as exciting and dramatic as any Hollywood screenplay or detective novel yarn, and all the more remarkable for the fact that it is all true.

We pick up the story, appropriately enough, under cover of darkness. It was the night of November 22, 1910, and a group of the richest and most powerful men in America were boarding a private rail car at an unassuming railroad station in Hoboken, New Jersey. The car, waiting with shades drawn to keep onlookers from seeing inside, belonged to Senator Nelson Aldrich, the father-in-law of billionaire heir to the Rockefeller dynasty, John D. Rockefeller, Jr. A central figure on the influential Senate Finance Committee, where he oversaw the nation’s monetary policy, Aldrich was referred to in the press as the “General Manager of the Nation.” Joining him that evening was his private secretary, Shelton, and a who’s who of the nation’s banking and financial elite: A. Piatt Andrew, the Assistant Treasury Secretary; Frank Vanderlip, President of the National City Bank of New York; Henry P. Davison, a senior partner of J.P. Morgan Company; Benjamin Strong, Jr., an associate of J.P. Morgan and President of Bankers Trust Co., and Paul Warburg, heir of the Warburg banking family and son-in-law of Solomon Loeb of the famed New York investment firm, Kuhn, Loeb & Company.

The men had been told to arrive one by one after sunset to attract as little attention as possible. Indeed, secrecy was so important to their mission that the group did not use anything but their first names throughout the journey so as to keep their true identities secret even from their own servants and wait staff. The movements of any one of them would have been reason enough to attract the attention of New York’s voracious press, especially in an era where banking and monetary reform was seen as a key issue for the future of the nation; a meeting of all of them, now that would surely have been the story of the century. And it was.

Their destination? The secluded Jekyll Island off the coast of Georgia, home to the prestigious Jekyll Island Club, whose members included the Morgans, Rockefellers, Warburgs, and Rothschilds. Their purpose? Davison told intrepid local newspaper reporters who had caught wind of the meeting that they were going duck hunting. But in reality, they were going to draft a reform of the nation’s banking industry in complete secrecy.

G. Edward Griffin, the author of the best-selling The Creature from Jekyll Island and a long-time Federal Reserve researcher, explains:

G. Edward Griffin: What happened is the banks decided that since there was going to be legislation anyway to control their industry, that they wouldn’t just sit back and wait and see what happened and cross their fingers that it would be OK. They decided to do what so many cartels do today: they decided to take the lead. And they would be the ones calling for regulations and reform.

They like the word “reform.” The American people are suckers for the word “reform.” You just put that into any corrupt piece of legislation, call it “reform” and people say “Oh, I’m all for ‘reform,’” and so they vote for it or accept it.

So that’s what they were doing. They decided, “We will ‘reform’ our own industry.” In other words, “We will create a cartel and we will give the cartel the power of government. We’ll take our cartel agreement so we can self-regulate to our advantage and we’ll call it ‘The Federal Reserve Act.’ And then we’ll take this cartel agreement to Washington and convince those idiots there to pass it into law.”

And that basically was the strategy. It was a brilliant strategy. Of course we see it happening all the time, certainly in our own day today we see the same thing happened in other cartelized industries. Right now we’re watching it unfold in the field of healthcare, but at that time it was banking, alright?

And so the banking cartel wrote their own rules and regulations, called it “The Federal Reserve Act,” got it passed into law, and it was very much to their liking because they wrote it. And in essence what they had created was a set of rules that made it possible for themselves to regulate their industry, but they went even beyond that. In fact, it’s clear to me when I was reading their letters and their conversation at the time, and the debates, that they never dreamed that Congress would go along and also give them the right to issue the nation’s money supply. Not only were they now going to regulate their own industry, which is what they started out as wanting to do, but they got this incredible gift that they didn’t dream would be given to them (although they were negotiating for it), and that was that Congress gave them the authority to issue the nation’s money. Congress gave away the sovereign right to issue the nation’s money to the private banks.

And so all of this was in The Federal Reserve Act, and the American people were joyous because they were told, and they were convinced, that this was finally a means of controlling this big creature from Jekyll Island.

SOURCEInterview with G. Edward Griffin

Amazingly enough, they were successful, not just in conspiring to write the legislation that would eventually become the Federal Reserve Act, but in keeping that conspiracy a secret from the public for decades. It was first reported on in 1916 by Bertie Charles Forbes, the financial writer who would later go on to found Forbes magazine, but it was never fully admitted until a full quarter-century later, when Frank Vanderlip wrote a casual admission of the meeting in the February 9, 1935, edition of The Saturday Evening Post:

“I was as secretive—indeed, as furtive—as any conspirator.[…]I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.”

Over the course of their nine days of deliberation at the Jekyll Island Club, they devised a plan so overarching, so ambitious, that even they could scarcely imagine that it would ever be passed by Congress. As Vanderlip put it, “Discovery [of our plan], we knew, simply must not happen, or else all our time and effort would be wasted. If it were to be exposed publicly that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress.”

So what, precisely, did this conclave of conspirators devise at their Jekyll Island meeting? A plan for a central banking system to be owned by the banks themselves, a system which would organize the nation’s banks into a private cartel that would have sole control over the money supply itself. At the end of their nine-day meeting, the bankers and financiers went back to their respective offices content in what they had accomplished. The details of the plan changed between its 1910 drafting and the eventual passage of the Federal Reserve Act, but the essential ideas were there.

But ultimately, this scene on Jekyll Island, too, is just one piece of a larger puzzle. And like any other puzzle piece, it has to be seen in its wider context for the bigger picture to become visible. To understand the other pieces of the puzzle and their importance in the creation of the Federal Reserve, we have to travel backward in time.

The story begins in late 17th century Europe. The Nine Years’ War is raging across the continent as Louis XIV of France finds himself pitted against much of the rest of the continent over his territorial and dynastic claims. King William III of England, devastated by a stunning naval defeat, commits his court to rebuilding the English navy. There’s only one problem: money. The government’s coffers have been exhausted by the waging of the war and William’s credit is drying up.

A Scottish banker, William Paterson, has a banker’s solution: a proposal “to form a company to lend a million pounds to the Government at six percent (plus 5,000 ‘management fee’) with the right of note issue.” By 1694, the idea has been slightly revised (a 1.2 million pound loan at 8 percent plus 4,000 for management expenses), but it goes ahead: The magnanimously titled Bank of England is created.

The name is a carefully constructed lie, designed to make the bank appear to be a government entity. But it is not. It is a private bank owned by private shareholders for their private profit with a charter from the king that allows them to print the public’s money out of thin air and lend it to the crown. What happens here at the birth of the Bank of England in 1694 is the creation of a template that will be repeated in country after country around the world: a privately controlled central bank lending money to the government at interest, money that it prints out of nothing. And the jewel in the crown for the international bankers that creates this system is the future economic powerhouse of the world, the United States.

In many important respects, the history of the United States is the history of the struggle of the American people against the bankers that wish to control their money. By the 1780s, with colonies still fighting for independence from the crown, the bankers will get their wish.

In 1781 the United States is in financial turmoil. The Continental, the paper currency issued by the Continental Congress to pay for the war, has collapsed from overissue and British counterfeiting. Desperate to find a way to finance the end stages of the war, Congress turns to Robert Morris, a wealthy shipping merchant who was investigated for war profiteering just two years earlier. Now, as “Superintendent of Finance” of the United States from 1781 to 1784, he is regarded as the most powerful man in America next to General Washington.

In his capacity as Superintendent of Finance, Morris argues for the creation of a privately-owned central bank deliberately modeled on the Bank of England that the colonies were supposedly fighting against. Congress, backed into a corner by war obligations and forced to do business with the bankers just like King William in the 1690s, acquiesces and charters the Bank of North America as the nation’s first central bank. And exactly as the Bank of England came into existence loaning the British crown 1.2 million pounds, the B.N.A. started business by loaning 1.2 million dollars to Congress.

By the end of the war, Morris has fallen out of political favor and the Bank of North America’s currency has failed to win over a skeptical public. The B.N.A. is downgraded from a national central bank to a private commercial bank chartered by the State of Pennsylvania.

But the bankers have not given up yet. Before the ink is even dry on the Constitution, a group led by Alexander Hamilton is already working on the next privately-owned central bank for the newly formed United States of America.

So brazen is Hamilton in the forwarding of this agenda that he makes no attempt to hide his aims or those of the banking interests he serves:

“A national debt, if it is not excessive, will be to us a national blessing,” he wrote in a letter to James Duane in 1781. “It will be a powerful cement of our Union. It will also create a necessity for keeping up taxation to a degree which, without being oppressive, will be a spur to industry.”

Opposition to Hamilton and his debt-based system for establishing the finances of the US is fierce. Led by Jefferson and Madison, the bankers and their system of debt-enslavement is called out for the force of destruction that it is. As Thomas Jefferson wrote:

“[T]he spirit of war and indictment, […] since the modern theory of the perpetuation of debt, has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.”

Still, Hamilton proves victorious. The First Bank of the United States is chartered in 1791 and follows the pattern of the Bank of England and the Bank of North America almost exactly; a privately-owned central bank with the authority to loan money that it creates out of nothing to the government. In fact, it is the very same people behind the new bank as were behind the old Bank of North America. It was Alexander Hamilton, Robert Morris’ former aide, who first proposed Morris for the position of Financial Superintendent, and the director of the old Bank of North America, Thomas Willing, is brought in to serve as the first director of the First Bank of the United States. Meet the new banking bosses, same as the old banking bosses.

In the first five years of the bank’s existence, the US government borrows 8.2 million dollars from the bank and prices rise 72%. By 1795, when Hamilton leaves office, the incoming Treasury Secretary announces that the government needs even more money and sells off the government’s meager 20% share in the bank, making it a fully private corporation. Once again, the US economy is plundered while the private banking cartel laughs all the way to the bank that they created.

By the time the bank’s charter comes due for renewal in 1811, the tide has changed for the money interests behind the bank. Hamilton is dead, shot to death in a duel with Aaron Burr. The bank-supporting Federalist Party is out of power. The public are wary of foreign ownership of the central bank, and what’s more don’t see the point of a central bank in time of peace. Accordingly, the charter renewal is voted down in the Senate and the bank is closed in 1811.

Less than a year later, the US is once again at war with England. After two years of bitter struggle, the public debt of the US has nearly tripled, from $45.2 million to $119.2 million. With trade at a standstill, prices soaring, inflation rising and debt mounting, President Madison signs the charter for the creation of another central bank, the Second Bank of the United States, in 1816. Just like the two central banks before it, it is majority privately-owned and is granted the power to loan money that it creates out of thin air to the government.

The 20-year bank charter is due to expire in 1836, but President Jackson has already vowed to let it die prior to renewal. Believing that Jackson won’t risk his chance for reelection in 1832 on the issue, the bankers forward a bill to renew the bank’s charter in July of that year, four years ahead of schedule. Remarkably, Jackson vetoes the renewal charter and stakes his reelection on the people’s support of his move. In his veto message, Jackson writes in no uncertain terms about his opposition to the bank:

“Whatever interest or influence, whether public or private, has given birth to this act, it can not be found either in the wishes or necessities of the executive department, by which present action is deemed premature, and the powers conferred upon its agent not only unnecessary, but dangerous to the Government and country. It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes.[…]If we can not at once, in justice to interests vested under improvident legislation, make our Government what it ought to be, we can at least take a stand against all new grants of monopolies and exclusive privileges, against any prostitution of our Government to the advancement of the few at the expense of the many, and in favor of compromise and gradual reform in our code of laws and system of political economy.”

The people side with Jackson and he’s reelected on the back of his slogan, “Jackson and No Bank!” The President makes good on his pledge. In 1833 he announces that the government will stop using the bank and will pay off its debt. The bankers retaliate in 1834 by staging a financial crisis and attempting to pin the blame on Jackson, but it’s no use. On January 8, 1835, President Jackson succeeds in paying off the debt, and for the first and only time in its history the United States is free from the debt chain of the bankers. In 1836 the Second Bank of the United States’ charter expires and the bank loses its status as America’s central bank.

It is 77 years before the bankers can regain the jewel in their crown. But it is not for lack of trying. Immediately upon the death of the bank, the banking oligarchs in England react by contracting trade, removing capital from the US, demanding payment in hard currency for all exports, and tightening credit. This results in a financial crisis known as the Panic of 1837, and once again Jackson’s campaign to kill the bank is blamed for the crisis.

Throughout the late 19th century the United States is rocked by banking panics brought about by wild banking speculation and sharp contractions in credit. By the dawn of the 20th century, the bulk of the money in the American economy has been centralized in the hands of a small clique of industrial magnates, each with a near-monopoly on a sector of the economy. There are the Astors in real estate; the Carnegies and the Schwabs in steel; the Harrimans, Stanfords and Vanderbilts in railroads; the Mellons and the Rockefellers in oil. As all of these families start to consolidate their fortunes, they gravitate naturally to the banking sector. And in this capacity, they form a network of financial interests and institutions that centered largely around one man, banking scion and increasingly America’s informal central banker in the absence of a central bank, John Pierpont Morgan.

John Pierpont Morgan, or “Pierpont,” as he prefers to be called, is born in Hartford, Connecticut, in 1837 to Junius Spencer Morgan, a successful banker and financier. Morgan rides his father’s coattails into the banking business and by 1871 is partnered in his own firm, the firm that was eventually to become J.P. Morgan and Company.

It is Morgan who finances Cornelius Vanderbilt’s New York Central Railroad. It is Morgan who finances the launch of nearly every major corporation of the period, from AT&T to General Electric to General Motors to DuPont. It is Morgan who buys out Carnegie and creates the United States Steel Corporation, America’s first billion-dollar company. It is Morgan who brokers a deal with President Grover Cleveland to “save” the nation’s gold reserves by selling 62 million dollars worth of gold to the Treasury in return for government bonds. And it is Morgan who, in 1907, sets in motion the crisis that leads to the creation of the Federal Reserve.

That year, Morgan begins spreading rumors about the precarious finances of the Knickerbocker Trust Company, a Morgan competitor and one of the largest financial institutions in the United States at the time. The resulting crisis, dubbed the Panic of 1907, shakes the US financial system to its core. Morgan puts himself forward as a hero, boldly offering to help underwrite some of the faltering banks and brokerage houses to keep them from going under. After a bout of hand-wringing over the nation’s finances, a Congressional Committee is assembled to investigate the “money trust,” the bankers and financiers who brought the nation so close to financial ruin and who wield such power over the nation’s finances. The public follows the issue closely, and in the end a handful of bankers are identified as key players in the money trust’s operations, including Paul Warburg, Benjamin Strong, Jr., and J.P. Morgan.

Andrew Gavin Marshall, editor of The People’s Book Project, explains:

Andrew Gavin Marshall: At the beginning of the 20th century there was an investigation following the greatest of these financial panics, which was in 1907, and this investigation was on “the money trust.” It found that three banking interests–J.P. Morgan, National City Bank, and the City Bank of New York–basically controlled the entire financial system. Three banks. The public hatred toward these institutions was unprecedented. There was an overwhelming consensus in the country for establishing a central bank, but there were many different interests in pushing this and everyone had their own purpose behind advocating for a central bank.

So to represent most people, you had farmer interests, populists, progressives, who were advocating a central bank because they couldn’t take the recurring panics, but they wanted government control of the central bank. They wanted it to be exclusively under the public control because they despised and feared the New York banks as wielding too much influence, so for them a central bank would be a way to curb the power of these private financial interests.

On the other hand, those same financial interests were advocating for a central bank to serve as a source of stability for their control of the system, and also to act as a lender of last resort to them so they would never have to face collapse. But also, in order to exert more control through a central bank, the private New York banking community wanted a central bank under the exclusive control of them. There’s a shocker.

So you had all these various interests which converged. Of course, the most influential happened to be the New York financial houses which were more aligned with the European financial houses than they were with any other element in American society. The main individual behind the founding of the Federal Reserve was Paul Warburg, who was a partner with Kuhn, Loeb and Company, a European banking house. His brothers were prominent bankers in Germany at that time, and he had of course close connections with every major financial and industrial firm in the United States and most of those existing in Europe. And he was discussing all of these ideas with his fellow compatriots in advocating for a central bank. In 1910, Warburg got the support of a Senator named Nelson Aldrich, whose family later married into the Rockefeller family (again, I’m sure just a coincidence). Aldrich invited Warburg and a number of other bankers to a private, secret meeting on Jekyll Island just off the coast of Georgia where they met in 1910 to discuss the construction of a central bank in the United States, but one which would of course be owned by and serve the interests of the private bank. Aldrich then presented this in 1911 as the “Aldrich Plan” in the U.S. Congress, but it was actually voted out.

The public, suspicious of Senator Aldrich’s banking connections, ultimately reject the Jekyll Island cabal’s “Aldrich Plan.” The cabal does not give up, however. They simply revise and rename their plan, giving it a new public face, that of Representative Carter Glass and Senator Robert Owen.

In the end, the money trust that was behind the Panic of 1907 uses the public’s own outrage against them to complete their consolidation of control over the banking system. The newly retitled Federal Reserve Act is signed into law on December 23, 1913, and the Fed begins operations the next year.

Part Two: How the Scam Works

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” — John Kenneth Galbraith

So how does the Federal Reserve system work? What does it do? Who owns and controls it? These are the basic questions that would get to the heart of the fundamental question: “What is money?” And that is why the answers to these questions have been shrouded in impenetrable economic jargon.

Even the Federal Reserve’s own educational propaganda, which has an unusual tendency toward cutesy animation and talking down to its audience, has a difficult time summarizing the Fed’s mission and responsibilities. According to the Fed:

To achieve [its] goals, the Fed, then and now, combines centralized national authority through the Board of Governors with a healthy dose of regional independence through the reserve banks. A third entity, the Federal Open Market Committee, brings together the first two in setting the nation’s monetary policy.

SOURCEIn Plain English

Precisely what imaginary gaggle of schoolchildren is this economic gibberish aimed at?

The simple truth, hidden behind the sleight of hand of economic jargon and magisterial titles, is that a banking cartel has monopolized the most important item in our entire economy: money itself.

We are taught to think of money as the pieces of paper printed in government printing presses or coins minted by government mints. While this is partially true, in this day and age the actual notes and coins circulating in the economy represent only a tiny fraction of the money in existence. Over 90% of the money supply is in fact created by private banks as loans that are payable back to the banks at interest.

Although this simple fact is obscured by the wizards of Wall Street and gods of money who want to make the money creation process into some special art of alchemy carefully overseen by the government, the truth is not hidden from the public.

In December 1977, the Federal Reserve Bank of New York published another of its dumbed-down, cartoon-ridden information pamphlets for the general public, attempting to explain the functions of the Federal Reserve System. There in black and white they carefully explain the money creation process:

“Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars to accounts on their books in exchange for a borrower’s IOU.[…]Banks create money by ‘monetizing’ the private debts of businesses and individuals. That is, they create amounts of money against the value of those IOUs.”

There it is, in plain English: The vast majority of money in the economy, the “checkbook” money in our accounts at the bank and that we use in our electronic transfers and digital payments, is created not by a government printing press, but by the bank itself. It is created out of thin air as debt, owed back to the bank that created it at interest. This means that bank loans are not money taken from other bank depositors, but new money simply conjured into existence and placed into your account. And the bank is able to create much more money than it has cash to back up those deposits.

The Fed claims to be the entity overseeing and backing up the banking industry. It was established, according to its own propaganda, to stabilize the system and prevent bank runs like the Panic of 1907 from happening again:

Throughout much of the 1800s, almost any organization that wanted could print its own money. As a result, many states, banks, and even one New York druggist, did just that. In fact at one time there were over 30,000 different varieties of currency in circulation. Imagine the confusion.

Not only were there multitudes of currencies, some were redeemable in gold and silver, others were backed by bonds issued by regional governments. It was not unusual for people to lose faith both in the value of their currency and in the entire financial system. With many people trying to withdraw their deposits at once, sometimes the banks didn’t have enough money on hand to pay their depositors. Then when the funds ran out the banks suspended payment temporarily and some even closed. People lost their entire savings. Sometimes regional economies suffered.

Obviously something had to be done. And in 1913, something was. In that year, President Woodrow Wilson signed into effect the Federal Reserve Act. This act created the Federal Reserve system to provide a safer and more stable monetary and banking system.

SOURCE: The Fed Today

If that was indeed its aim, it signally failed to do so in running up one of the greatest bubbles in American history to that point in the 1920s, just a decade after its creation. The popping of that bubble, of course, led directly into the Great Depression and one of the greatest periods of mass poverty in American history. Economists have long argued that the Fed itself was the cause of the depression by its complete mismanagement of the money supply. As former Federal Reserve Chairman Ben Bernanke admitted in a speech commemorating Fed critic Milton Friedman’s 90th birthday: “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

“Price stability” is another cited tenet of the Federal Reserve’s mandate. But here, too, the Fed has completely failed to live up to its own standards:

Aside from the banking system, the Federal Reserve has another responsibility that’s probably even more important. It’s in charge of something called “monetary policy.” Basically, it means trying to keep prices stable to avoid inflation. Say you buy a CD today for $14. But what if next year the price of the CD jumped to $20 or $50, not because of a change in supply or demand, but because all prices were going up. That’s inflation.

There are a lot of different causes of inflation, but one of the most important is too much money. The Fed can adjust the money supply by injecting money into the system electronically, or by withdrawing money from the economy.

Think of it: the Federal Reserve has the ability to create money, or make it disappear. What’s most important is what happens as a result. Any time the supply of money is altered, the effects are felt throughout the economy.

The Fed’s methods have changed over time to take advantage of the latest computers and electronics, but its mission remains the same: to aim for stable prices, full employment and a growing economy.

SOURCE: Inside The Fed

100 years ago, in 1913, the Fed was created, and we’ve marked it with a vertical line there. Consumer prices now are about 30 times higher than they were when the Fed was created in 1913.

SOURCE: Bloomberg

Paper money, too, is the responsibility of the Federal Reserve. Hence the dollars in circulation are not Treasury notes, not bills of credit, but Federal Reserve Notes, debt-based notes backed up ultimately by the government’s own promise to pay, its “sovereign bonds” secured by the taxpayers themselves. At one time, the Federal Reserve Banks were legally required to keep large stockpiles of gold in reserve to back up these notes, but that requirement was abandoned and today the notes are backed up mostly by government securities. The Fed no longer keeps any actual gold on its books, but gold “certificates” issued by the treasury and valued not at the spot price of $1,300 per troy ounce, but an arbitrarily fixed “statutory price” of $42 2/9 per ounce.

Ron Paul: But I do have one question: During the crisis or at any time that you’re aware of, has the Federal Reserve or the Treasury participated in any gold swap arrangements?

Scott Alvarez: The Federal Reserve does not own any gold at all. We have not owned gold since 1934 so we have not engaged in any gold swaps.

Ron Paul: But it appears on your balance sheet that you hold gold.

Scott Alvarez: What appears on our balance sheet is gold certificates. When we turned in…before 1934, we did…the Federal Reserve did own gold. We turned that over by law to the Treasury and received in return for that gold certificates.

Ron Paul: If the Treasury entered into…because under the Exchange Stabilization Fund I would assume they probably have the legal authority to do it…they wouldn’t be able to do it then because you have the securities for essentially all the gold?

Scott Alvarez: No, we have no interest in the gold that is owned by the Treasury. We have simply an accounting document that is called “gold certificates” that represents the value at a statutory rate that we gave to the Treasury in 1934.

Ron Paul: And still measured at $42 an ounce which makes no sense whatsoever.

SOURCE: House Financial Services Subcommittee Hearings

Clearly, there is a discrepancy between what we are led to believe is motivating the Fed and what it actually does. To understand what the Fed is actually intended to do, it’s first important to understand that the Federal Reserve is not a bank, per se, but a system. This system codifies, institutionalizes, oversees, and undergirds a form of banking called fractional reserve banking, in which banks are allowed to lend out more money than they actually have in their vaults.

G. Edward Griffin: The process of decay and corruption starts with something called “fractional reserve banking.” That’s the technical name for it. And what that really means is that as the banking institution developed over several centuries, starting of course in Europe, it developed a practice of legalizing a certain dishonest accounting procedure.

In other words, in the very, very beginning (if you want to go all the way back), people would bring their gold or silver to the banks for safekeeping. And they said, “Give us a paper receipt, we don’t want to guard our silver and our gold, because people could come in in the middle of the night and they could kill us or threaten us and they’ll get our gold and silver, so we can ‘t really guard it, so we’ll take it to the bank and have them guard it and we just want a paper receipt. And we’ll take our receipt back and get our gold anytime we want.” So in the beginning money was receipt money. Then, instead of changing or exchanging the gold coins, they could exchange the receipts, and people would accept the receipts just as well as the gold, knowing that they could get gold. And so these paper receipts being circulated were in essence the very first examples of paper money.

Well, the banks learned early on in that game that here they were sitting on this pile of gold and all these paper receipts out there. People weren’t bringing in the receipts anymore, very few of them, maybe five percent, maybe seven percent of the people would bring in their paper receipts and ask for the gold. So they said, “Ah ha! Why don’t we just sort of give more receipts out then we have gold? They’ll never know because they only ask for, at the best, seven percent of it. So we can create more receipts for gold then we have. And we can collect interest on that because we’ll loan that into the economy. We’ll charge interest on this money that we don’t really have. And it’s a pretty good gimmick, don’t ya think?” And they go, “Well, yeah, of course.” And so that’s how fractional reserve banking started.

And now it’s institutionalized and they teach it in school. No one ever questions the integrity of it or the ethics of it. They say, “Well, that’s the way banking works, and isn’t it wonderful that we now have this flexible currency and we have prosperity” and all these sorts of things. So it all starts with this concept of fractional reserve banking.

The trouble with that is that it works most of the time. But every once and a while there are a few ripples that come along that are a little bit bigger than the other ripples. Maybe one of them is a wave. And more than seven percent will come in and ask for their gold. Maybe twenty percent or thirty percent. And well, now the banks are embarrassed because the fraud is exposed. They say, “Well, we don’t have your gold” “What do you mean you don’t have my gold!! I gave it to you and put it on deposit and you said you’d safeguard it.” “Well, we don’t have it, we loaned it out.” So then the word gets out and everyone and their uncle comes out and lines up for their gold. And of course they don’t have it, the banks are closed, and they have bank holidays. Banks are embarrassed, people lose their savings. You have these terrible banking crashes that were ricocheting all over the world prior to this time. And that is what caused the concern of the American people. They didn’t want that anymore. They wanted to put a stop to that.

And that was the whole purpose, supposedly, of the Federal Reserve System. Was to put a stop to that. But since the people who designed the plan to put a stop to it were the very ones who were doing it in the first place, you cannot be surprised that their solution was not a very good one so far as the American people were concerned. Their solution was to expand it. Not to control it, to expand it. See, prior to that time, this little game of fractional reserve banking was localized at the state level. Each state was doing its own little fractional reserve banking system. Each state, in essence, had its own Federal Reserve. Central banks were authorized by state law to do this sort of thing. And that was causing all this problem. So the Federal Reserve came along and said, “No no, we’re not going to do this at the state level anymore, because look at all the problem it’s causing. We’re going to consolidate it all together and we’re going to do it at the national level.”

SOURCEInterview with G. Edward Griffin

The key to the system, of course, is who controls this incredible power to “regulate” the economy by setting reserve requirements and targeting interest rates. The answer to this question, too, has been deliberately obscured.

The Federal Reserve System is a deliberately confusing mishmash of public and private interests, reserve banks, boards and committees, centralized in Washington and spread out across the United States.

Andrew Gavin Marshall: So you have the Federal Reserve Board in Washington appointed by the President. That’s the only part of this system that is directly dependent on the government for input that’s the “federal” part: that the government—the [US] President, specifically—gets to choose a few select governors. The twelve regional banks—the most influential of which is the Federal Reserve Bank of New York, which is essentially based in Wall Street to represent Wall Street—is a representative of the major Wall Street banks who own shares in the private, not federal, but private Federal Reserve Bank of New York. All of the other regional banks are also private banks. They vary according to how much influence they wield but the Kansas City Fed is influential, the St. Louis Fed, the Dallas Fed, but the New York Fed is really the center of this system and precisely because it represents the Wall Street banks who appoint the leadership of the New York Fed.

So the New York Fed has a lot of public power, but no public accountability or oversight. It does not answer to Congress the way that the chairman of the Federal Reserve Board of Governors does and even the chairman of the Federal Reserve Board, who is appointed by the President, does not answer to the President, does not answer to Congress. He goes to Congress to testify, but the policy that they set is independent. So they have no input from the government. The government can’t tell them what to do, legally speaking, and of course they don’t.

Rep. John Duncan: Do you think it would cause problems for the Fed or for the economy if that legislation was to pass?

Ben Bernanke: My concern about the legislation is that if the GAO is auditing not only the operational aspects of our programs and the details of the programs, but is making judgments about our policy decisions, that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve, which would be highly destructive to the stability of the financial system, the dollar, and our national economic situation.

SOURCE: Bernanke Threatens Congress

The Federal Open Market Committee is responsible for setting interest rates. Now this committee, which is enormously powerful, has as its membership the Governor and Vice Chair of the Federal Reserve Board, but on the Federal Open Market Committee most of the membership is the presidents of the regional Federal Reserve Banks representing private interests. So they have significant input in setting the interest rates. Interest rates are not set by a public body, they’re set by private financial and corporate interests. And that’s whose interests they serve, of course.

The reason that the Federal Reserve goes to such great lengths to make its organizational structure as confusing as possible is to cover up the massive conflicts of interest that are at the heart of that system. The fact is that the Federal Reserve System is comprised of a Board of Governors, 12 regional banks, and an Open Market Committee. The privately-owned member banks of each Federal Reserve Bank vote on the majority of the Reserve Bank’s directors, and the directors vote on members to serve on the Federal Open Market Committee, which determines monetary policy. What’s more, Wall Street is given a prime seat at the table, with tradition holding that the president of the powerful New York Federal Reserve Bank be given the vice chairmanship of the FOMC and be made a permanent committee member. In effect, the private banks are the key determinants in the composition of the FOMC, which regulates the entire economy.

According to the Fed, “its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.”

Or, in the words of Alan Greenspan: “The Federal Reserve is an independent agency, and that means there is no other agency of government that can overrule actions that we take.”

The Fed goes on in its self-mythologization to state that it is “not a private, profit-making institution.” This characterization is dishonest at best and an outright lie at worst.

The regional banks are themselves private corporations, as noted in a 1928 Supreme Court ruling: “Instrumentalities like the national banks or the federal reserve banks, in which there are private interests, are not departments of the government. They are private corporations in which the government has an interest.” This point is even admitted by the Federal Reserve’s own senior counsel.

Yvonne Mizusawa: Our regulations do specify overall terms for the lending, but the day to day operation of the banking activities are conducted by the Federal Reserve Banks. They are banks, and indeed they do lend…

Peter W. Hall: So they’re their own agency, then, essentially, in that regard.

Yvonne Mizusawa: They are not agencies, your honor, they are “persons” under FOIA. Each Federal Reserve Bank, the stock is owned by the member banks in the district, 100% privately held, they are private boards of directors. The majority of those boards are appointed by the independent banks, private banks in the district. They are not agencies.

SOURCE: Freedom of Information Cases

These private corporations issue shares that are held by the member banks that make up the system, making the banks the ultimate owners of the Federal Reserve Banks. Although the Fed’s profits are returned to the Treasury each year, the member banks’ shares of the Fed do earn them a 6% dividend. According to the Fed, the fixed nature of these returns mean that they are not being held for profit.

Despite the dishonest nature of this description, however, it is important to understand that the bankers who own the Federal Reserve indeed do not make their money from the Fed directly. Instead, the benefits are much less obvious, and much more insidious. The simplest way that this can be understood is that, as a century of history and the specific example of the last financial crisis shows, the Fed was used as a vehicle to bail out the very bankers who own the Fed banks in the most obvious example of fascistic collusion imaginable.

Michel Chossudovsky: A handful of financial institutions have enriched themselves as a result of institutional speculation on a large scale, as well as manipulation of the market. And secondly what they have done is that they have then gone to their governments and said, “Well, we are now in a very difficult situation and you need to lend us…you need to give us money so that we can retain the stability of the financial system.”

And who actually lends the money, or brokers the public debt? The same financial institutions that are the recipients of the bailout. And so what you have is a circular process. It’s a diabolical process. You’re lending money…no, you’re not lending money, you’re handing money to the large financial institutions, and then this is leading up to mounting public debt in the trillions. And then you say to the financial institutions, “We need to establish a new set of Treasury bills and government bonds, etc.,” which of course are sold to the public, but they are always brokered through the financial institutions, which establish their viability, and so on and so forth. And the financial institutions will probably buy part of this public debt so that in effect what the government is doing is financing its own indebtedness through the bailouts. It hands money to the banks, but to hand money to the banks, it becomes indebted to those same financial institutions, and then it says, “We now have to emit large amounts of public debt. Please can you help us?” And then the banks will say: “Well, your books are not quite in order.” And then the government will say: “Obviously they’re not in order because we’ve just handed you 1.4 trillion dollars of bailout money and we’re now in a very difficult situation. So we need to borrow money from the people who are in fact the recipients of the bailout.”

So this is really what we’re dealing with. We’re dealing with a circular process.

SOURCE: The Banker Bailouts

The 2008 crisis and subsequent bailouts are merely the latest and most brazen examples of the fundamental conflicts of interest at the heart of America’s privately-owned central banking system.

Beginning with the collapse of Lehman Brothers in September of that year, the Federal Reserve embarked on an unprecedented program of bailouts and special zero-interest lending facilities for the very banks that had caused the subprime meltdown in the first place. By the cartelization of the Federal Reserve structure, and thus not by accident, it was the very bank presidents who had overseen their banks’ lending practices that ended up in the director positions of the Federal Reserve Banks that voted on where to direct the trillions of dollars in bailout money. And unsurprisingly, they directed it toward their own banks.

A stunning 2011 Government Accountability Office report examined $16 trillion of bailout facilities extended by the Fed in the wake of the crisis and exposed numerous examples of blatant conflicts of interest. Jeffrey Immelt, chief executive of General Electric served as a director on the board of the Federal Reserve Bank of New York at the same time the Fed provided $16 billion in financing to General Electric. JP Morgan Chase Chief Executive Jamie Dimon, meanwhile, was also a member of the board of the New York Fed during the period that saw $391 billion in Fed emergency lending directed to his own bank. In all, Federal Reserve Board members were tied to $4 trillion in loans to their own banks. These funds were not simply used to keep these banks afloat, but actually to return these Fed-connected banks to a period of record profits in the same period that the average worker saw their real wages actually decrease and the economy on Main Street slow to a standstill.

Then Fed Chairman Ben Bernanke was confronted about these conflicts of interest by Senator Bernie Sanders upon the release of the GAO report in June 2012.

Ben Bernanke: Senator, you raised an important point, which is that this is not something the Federal Reserve created. This is in the statute. Congress in the Federal Reserve Act said, “This is the governance of the Federal Reserve.” And more specifically that bankers would be on the board…

Bernie Sanders: 6 out of 9.

Ben Bernanke: Sorry?

Bernie Sanders: 6 out of 9 in the regional banks are from the banking industry.

Ben Bernanke: That’s correct. And that is in the law. I’ll answer your question, though. The answer to your question is that Congress set this up, I think we’ve made it into something useful and valuable. We do get information from it. But if Congress wants to change it, of course we will work with you to find alternatives.

SOURCEConflicts at the Fed

Bernanke is completely right. These conflicts are in fact a part of the institution itself. A structural feature of the Federal Reserve that was baked into the Federal Reserve Act itself over 100 years ago by the bankers who conspired to cartelize the nation’s money supply. You could not ask for a more succinct reason why the Federal Reserve itself, this admitted cartel of banking interests, needs to be abolished…but you could get one.

Part Three: End the Fed

They who control the credit of a nation, direct the policy of Governments and hold in the hollow of their hands the destiny of the people.” — Reginald McKenna

We now know that for centuries the people of the United States have been at war with the international banking oligarchs. That war was lost, seemingly for good, in 1913, with the creation of the Federal Reserve. With the passage of the Federal Reserve Act, President Woodrow Wilson consigned the American population to a century in which the money supply itself has depended on the whims of the banking cabal. A century of booms and busts, bubbles and depressions, has led to a wholesale redistribution of wealth toward those at the very top of the system. At the bottom, the masses toil in relative poverty, single-income households becoming double-income households out of necessity, their quality of life being slowly eroded as the Federal Reserve Notes that pass for dollars are themselves devalued.

Worse yet, the fraud itself perpetuates Alexander Hamilton’s persistent myth that a national debt is necessary at all. The US is now locked into a system whereby the government issues bonds to generate the funds for their operations, bonds that are backed up by the taxation of the public’s own labor.

The perpetrators of this fraud, meanwhile, remain in the shadows, largely ignored by a general public that could instantly recognise the latest Hollywood heartthrob or pop idol, but have no clue what the head of Goldman Sachs or the New York Fed does, let alone who they are. This cabal bear allegiance to no nationality, no philosophy or creed, no code of ethics. They are not even motivated by greed, but power. The power that the control of the money supply inevitably brings with it.

It did not take long for this lust for power to rear its head. In 1921, just seven years after the Fed began operations, the same J.P. Morgan-connected banking elite that founded the Federal Reserve incorporated an organization called the Council on Foreign Relations with the goal of taking over the foreign policy apparatus of the United States, including the State Department. In this quest, it was remarkably successful. Although there are only about 4,000 members in the organization today, its membership has included 21 Secretaries of Defense, 18 Treasury Secretaries, 18 Secretaries of State, 16 CIA directors, and many other high-ranking government officials, military officers, business elite, and, of course, bankers. The first Director of the CFR was John W. Davis, J.P. Morgan’s personal lawyer and a millionaire in his own right.

Together with its sister organizations in Britain and elsewhere around the world, these groups would work together toward what they called a “New World Order” of total financial and political control directed by the bankers themselves. As Carroll Quigley, noted Georgetown historian and mentor of Bill Clinton, wrote in his 1966 work, Tragedy and Hope: A History of The World In Our Time:

“The powers of financial capitalism had [a] far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

This is why the bankers and their partners in government and business conspired to bring about the 2008 crisis. Not for the pursuit of money, but power. In the same way the bankers used the Panic of 1907 to consolidate their control over the money supply, they hope to use the 2008 crisis and subsequent panics, which they themselves have created, to consolidate their political control.

The inevitable conclusion, one that flows necessarily from the true understanding of this situation, is that the Federal Reserve system needs to be consigned to the dustbin of history. After a century of enslavement, it is time for the American public to finally throw off the bankers’ debt chains.

Andrew Gavin Marshall: If there was ever a point in human history to start questioning alternatives, this would be it. And to think that where we are…and simply say, “Oh, well this is the best of our options,” how many of the best options lead to self-destruction? Doesn’t sound like a best option.

I think that with a world of seven billion people, we can probably come up with something better than a system in which a few thousand people benefit so much at the expense of everything else on this world and at the expense of the potential for the future of mankind. They’re leveraging our future, and so long as we accept this way of thinking, so long as we accept these institutions as having dominance, that’s the direction we’ll be going.

So I think reform is a good way to try and stall and to push back directly against the expanding and evolving power structures, but radical change is what’s really needed, and that has to be built from the bottom up. But I think that these two processes can and should go together in parallel.

If you’ve made it this far, congratulations. You are now better informed on the economic history of the United States and the truth about the Federal Reserve than 99% of the population. If you do nothing else, then just working to get those around you educated on this information alone will have a profound effect. Once they learn of the scam, many are motivated to do something about it, and they, in turn, inform others. This is the viral nature of suppressed truth, and it is the reason that more people are aware of and energized by the issue of the Federal Reserve and the nature of money than ever before.

Perhaps even more amazingly, this movement is spreading to other parts of the globe. Recognizing the interlocking nature of the modern global economy, and the international nature of the banking oligarchy, movements to abolish the Federal Reserve have sprung up in Europe, where protests against the cartelized central banking system are taking place in over 100 cities attracting 20,000 people on a weekly basis.

Lars Maehrholz: I started this movement because I realized that the Federal Reserve Act, in my opinion, is one of the worst laws in the whole world. So a private banking company is lending America the money, and in my opinion is not democratic anymore. The Federal Reserve tells the government what to do, and that’s the problem.

Luke Rudkowski: It’s a very big problem, especially in the U.S. Why is it a global issue, and why are people doing it here in Germany?

Lars Maehrholz: Because when you realize that this finance system, it’s a global system, you have to go really to the beginning of the system. And in my opinion, it’s also the World Bank and the International Monetary Fund and stuff like this, but at the beginning of all this is a law from 1913. Woodrow Wilson signed it, and this is the beginning of all this hardcore capitalism we are now suffering from. And the only way to stop this is maybe to break this law.

SOURCE: Establishment is Afraid of End The Fed Movement in Germany

But what if the burgeoning movement to End The Fed is successful? What system do people propose as the answer? There have been several proposals along different lines by various researchers. Some argue for a return to America’s colonial roots of debt-free money issued by state-run banks, pointing to the Bank of North Dakota as one already functioning, successful model of this approach.

Ellen Brown: We’ve had two banking systems ever since the 1860’s with the state bank system and the federal bank system, and the federal bank system are the big Wall Street banks particularly. They dominate the federal system. So, they’re taking over right now. In California we don’t even have any local banks where I am. We had two and I had accounts in both of them and now one of them is Chase Bank and the other is U.S. Bank. So they’re both big Wall Street banks now that have been taken over.

So it’s the local banks that have an interest in serving the local business. The big banks have no interest in making loans to local businesses; it’s too risky, why should they bother? They’ve got this virtually free money they can get from the Fed and from each other and it’s much more lucrative to them either to speculate in commodities or other thing abroad, or what works very well for them is to buy long-term government bonds at 3% because these have no capital requirement. The capital requirements for government bonds are zero. So they can buy all of those that they want. Whereas if they make loans for mortgages or they make loans to businesses then they have to worry about the capital requirement and as soon as they’ve used up all their capital—in other words eight dollars in capital will get you a hundred dollars of loans—then they can’t make any more loans they have to wait for thirty years for the loans to get paid off. So what they do if they do buy mortgages is sell them off too investors and so that’s the whole mortgage-backed security scam that we’ve seen. They had no motivation to make sure that these borrowers were actually sound borrowers; they just wanted to make a sale. So they sold the stuff to the unwary investors who might be somebody in Iceland or Sweden or pension funds. So that didn’t work out so well.

So a state bank partnering with the local banks can provide the capital. It can help them with capital. In North Dakota the state bank guarantees the loans of the local banks, allowing them to make much bigger loans than they could otherwise. The state bank provides liquidity to the small banks. That’s why the local banks aren’t making loans to small business right now, because they don’t know that they can get money from the other banks as needed. The way banking works is they make the loan first. I mean, if you have credit lines to many different businesses and if they all hit up their credit lines at once you are going to run out of money. So you don’t dare do that unless you know that you can get short-term loans from the other banks. And so what’s happening right now, even though there’s $1.6 trillion is excess reserves sitting on the books of the big banks, they’re not available to the little banks and the reason is because the Fed is paying 0.25% interest on those reserves. So the banks have no incentive to lend them to the little banks. Why let go of them when you can make just as much keeping them and then you still have your reserves and you can use them as collateral to buy bonds or something that’ll make you more money?

So the whole system is messed up and in North Dakota, the bank of North Dakota provides liquidity for these local banks.

SOURCEEllen Brown: Finance Capital vs. Public Banking

Others advocate a decentralized system of alternative and competing currencies that greatly reduce or even eliminate altogether the need for a central bank.

Paul Glover: Well, 22 years ago in Ithaca, New York I noticed there were a lot of people, friends particularly, that had skills and time that were not being employed or respected by the prevailing economy. While we had much desire to create things and trade them with each other and many services we could provide to each other, we didn’t have the money. So since I have a background in graphic design, journalism and arrogance I went to my computer and designed paper money for Ithaca, New York. I designed pretty colourful money with pictures of children, waterfalls and trolley cars denominated in hours of labor. One-hour note, half-hour, quarter, eight-hour notes and two-hour notes. I then began to issue to each of those pioneer traders who had agreed to being listed in the directory a specific starter amount, and the game began. An hour has been worth basically $10 U.S. dollars which at that time 20 years ago was double the minimum wage. People who usually expect more than $10 per hour of their service can charge multiple hours per hour but the denomination puts between us as residents of our community, that reminds us that we are fellow citizens, not merely winners or losers scrambling for dollars. It introduces us to each other on the basis of these skills and services that we have, that we are more proud to provide for each other than often is the case with a conventional job. Just the stuff we have to do to get the money to pay the bills.

So through that trading process, that more intimate scale process within the community, we’re more easily able to become friends and lovers and political allies.

James Corbett: It’s an inspiring story and tell people about how much money has circulated through this community. I mean, it’s important for people to understand just how successful this has been.

Paul Glover: Because we are not a computer system we don’t have a specific volume of trading recorded but by the grapevine, by phone surveys and over the years watching the money move we were able to guess very reliably that several million dollars equivalent of this money has transacted over those years. Making loans without charging interest up to $30,000 value, which is the fundamental monetary revolution in our system. Then as well, making grants of the money to over a hundred community organizations.

SOURCEAvoiding Economic Collapse: Complementary Currencies

Some argue for currencies whose mathematical nature prevent them from being merely conjured into existence whenever a federal government wants to wage another war of aggression or forge another link in the seemingly endless train of governmental tyranny and abuse.

Roger Ver: What people have to understand about bitcoin is that it’s a completely decentralized network. There’s no central server, there’s no controlling company, there’s no office, it’s just free software that anyone can download and start running on their computer anywhere in the world. And that the bitcoins themselves can be transferred to or from anyone, anywhere in the world and it’s impossible for any bank or government or entity to block you from sending or receiving those bitcoins. There’s a limited supply of those bitcoins, there will never ever be any more than 21 million bitcoins. So, like everything the price is set based on supply and demand. Because the supply of bitcoins is limited and the demand is increasing as more and more people start to use them and more and more websites start to accept them, the price of bitcoins in terms of dollars is going to have to increase, even a lot more than the $500 per bitcoin that it is today.

James Corbett: Are there any drawbacks at all to the idea of using a crypto-currency?

Roger Ver: If you’re part of the current power elite that can just print money at will to spend on whatever you feel like, then, yeah, the world switching over to bitcoin is probably not going to benefit you. But if you’re one of the normal people that aren’t working for the Federal Reserve or any central bank that’s printing money to pay to your friends and that sort of thing, then a bitcoin world is a wonderful thing for you.

SOURCE: How to Defund the System: Bitcoin vs. the Central Banksters

Sound money. Cryptocurrencies. State banks. LETS programs. Self-issued credit. These and many other solutions have all been proposed and many of them are in use in different localities today. Information on all of these ideas and how they are being applied in various parts of the world is widely available online today. The point is that the question of what money is and how it should be created is perhaps the single greatest question facing humanity as a whole, and yet it is one that has been almost completely eliminated from the national conversation…until recently.

For the first time in living memory, people are once again rallying around the monetary issue, and American politics stands on the threshold of a transformation almost unimaginable just two decades ago.

And so the rest of the story is now in our hands. Once we understand the scam that has taken place, the gradual consolidation of wealth and power in the hands of an elite few banking oligarchs and the growing impoverishment of the masses, all in the name of banking funny money created out of nothing and loaned to the public at interest, we can choose to get active or to do nothing at all.

For those who choose to get active, there are some steps that you can take to help change the course of this system:

1) Follow the links and resources from the transcript of this documentary at corbettreport.com/federalreserve to familiarize yourself with the history, the connections and the functions of the Federal Reserve system. If you can’t explain this material to yourself then you will never be able to teach it to others.

2) Begin reaching out to others to bring them up to speed on the issue. It can be as simple as broaching this conversation in the Monday morning water cooler talk or passing out a copy of this documentary or sending out links to this information to your email list. Insert this topic into your conversations. When people start talking about the national debt or the state of the economy or other political talking points, get them to question the roots of these issues, and why there is a national debt at all.

3) When you are able to find or create a group of like-minded people in your area who are engaged with the issue, start a study group on the issue and its solutions. The study group can help source alternative or complementary currencies in the local area, or, if none exist already, the group can form the basis for a community of local businesses and customers who are willing to start experimenting with ways to wean themselves off of the Federal Reserve notes.

4) Use the resources at corbettreport.com, including the Federal Reserve information flyer, or hold DVD screenings, to attract interest in your group and draw others into studying the true nature of the monetary system.

The work of building up an alternative to the current system can seem daunting, even at times overwhelming. But it’s important to keep in mind that the Federal Reserve System that seems so monolithic today has only been around for one century. Central banks have been defeated in America before and they can be defeated again.

The question of how we decide to change this system is not rhetorical; it will either be answered by an informed, engaged, active population working together to create viable alternatives and to dismantle the current system, or it will be answered by the same banking oligarchy that has been controlling the money supply, and indeed the lifeblood of the country, for generations.

Now, one century after the creation of the Federal Reserve System, we have a choice to make: whether the next century, like the one before it, will be a century of enslavement or, transformed by the actions and choices that we make in the light of this knowledge, a century of empowerment.

https://www.corbettreport.com/federalreserve/

 

Jacob Schiff: The Most Powerful Man in U.S. History

jacobschiff

Jacob Schiff

A reader asks, “Luis, all roads eventually lead to the Rothschilds of Europe; but who do you think was the most powerful Jewish mogul in American history?”

Upon first thought, that almost seems like asking who the greatest baseball player of all time was. Was it Cobb? Wagner? Ruth? Gehrig? DiMaggio? Williams? Mays? Mantle? Bonds? (pre & post steroids) There are so many deserving candidates that it appears impossible to say with absolute certainty.

A strong case for the MVZ Award (Most Valuable Zionist) can be made for Paul Warburg, Bernard Baruch, Adolph Ochs, William Paley, Eugene Meyer, Arthur Hays Sulzberger, David Sarnoff, Jack Warner, Carl Laemmle, Henry Morganthau, George Soros, Henry Kissinger, Sumner Redstone, Michael Eisner and a few others. Just ‘Google’ each of those names and marvel at the power which the chosen ones have wielded over the last century. And although they weren’t Jews, the Rockefellers and Morgans were not lacking in political-economic muscle either.

But in the final analysis, the MVZ Award would have to go to the financier (money lender) Jacob Schiff – (with Baruch not far behind).

Jacob Schiff washed up upon America’s shores in 1865, shortly after the Civil War. During the 1700’s, his Schiff ancestors had actually shared a home with the legendary Rothschilds, in Frankfurt’s Jewish quarter.

Schiff went on to head the firm Kuhn, Loeb & Co. From his base in New York, he was the foremost Jewish leader from 1880 to 1920 in what is now referred to by Jewish-American historians as “The Schiff Era”. He served as the Director of many important corporations, including the National City Bank of New York, Equitable Life Assurance Society, Wells Fargo & Company, and the Union Pacific Railroad. Schiff, who made his fortune from interest bearing loans, was the main player behind the ‘Hebrew Free Loan Society’ in 1892; an organization which issued interest-free loans only to Jews (and is still in operation!)

Schiff’s descendants exercised some power and influence in their own right, though nothing like the Patriarch did. Schiff’s granddaughter, Dorothy Schiff, was the owner and Publisher of the New York Post for over 40 years. She once claimed to have “had a relationship” with Franklin D Roosevelt.

Karenna Gore-Schiff, the daughter of former Senator, almost US President, and Global Warming con man Al Gore, is married to Andrew Schiff, the great great grandson of Jacob.

1- The Rothschild-Schiff home (shared ownership, 1700’s) in Frankfurt Germany. 2- Dorothy Schiff – New York Press Queen 3- Kareena Gore marries into Zionist royalty as proud papa Al cashes-in on the Global Warming scam

It’s not merely that Schiff wielded enormous power, but rather the fact that his actions, more so than anyone else’s, fundamentally altered the course of American history. Schiff was really the first true Jewish Mega-Mogul of the whole United States (Judah Benjamin had previously run the confederacy). As the first, Schiff, more than anyone who followed him, was able to leverage his power into eternity. That is why the MVZ award must go to him.

Let us review Jacob Schiff’s impressive scorecard of destruction.

1897: SCHIFF THE TROJAN HORSE

Schiff’s most history-altering accomplishment would have to be the role of ‘Trojan Horse’ which he played in the late 1890’s. At a time when Jewish influence in America was relatively minor, and Jewish numbers were yet very small, it was Schiff’s cajoling of the outgoing U.S. President, and former New York Governor, Grover Cleveland (D) that prevented the massive wave of Jewish immigration to America from being shut down.

The Immigration Bill of 1897 would have required immigrants to pass a literacy test; something that Russian Jews would not have been able to do. After passing both Houses of Congress, Cleveland’s veto, induced by Schiff, saved the day for the incoming Communist and Zionist Jews of Russia.

Jewish historian Lawrence J Epstein writes:

“It is staggering to consider the alternative course American Jewish history would have taken had this measure passed.”

To which, your intrepid historian-author would like to respond, “and it is equally staggering to consider the alternative course AMERICAN history would have taken had the measure passed.”

Schiff’s role as Trojan Horse, above all other deeds, would be enough, in and of itself, to qualify him for the MVZ Award. But there’s more — a lot more!

1- Grover Cleveland’s parting gift to Schiff kept the floodgates of Jewish immigration wide open for 20 more years.

2- New Year’s card depicts wealthy American Jews beckoning European Jews to come on over.

1905: SCHIFF WEAKENS TSARIST RUSSIA

Schiff hated Christian Russia with a passion. He worked ceaselessly to overthrow the Romanov Dynasty and replace it with Jewish Reds / Communists. Toward that end, he personally financed, and sold bonds on behalf of, about 50% of the entire Japanese war effort during the Russo-Japanese War. As a result, the war ended with a Japanese victory. Russia’s loss was also facilitated by Schiff’s boy, President (and also a former New York Governor) Teddy Roosevelt, whose negotiating intervention clearly favored Japan over Russia.

* The left-wing Roosevelt became President after the conservative William McKinley was conveniently assassinated by a Red

For his role in securing victory for Japan, Schiff was personally awarded a medal, the Order of the Rising Sun, by the foolish Japanese Emperor. We say “foolish” because Schiff’s gang and their Roosevelt henchmen were, at the time, already plotting Japan’s ultimate demise; a process which started with Teddy’s escalating naval moves in the Pacific (Philippines, Midway, Guam, Pearl Harbor), and culminated with Franklin’s war and murderous Atomic bombs of 1945 (actually dropped under Truman 4 months after FDR’s death).

Schiff’s Jewish agents in Russia skillfully used the humiliating loss of the Russo-Japanese war as an occasion to launch a Communist revolution. The bloody Revolution of 1905 ultimately failed, but the Tsar’s regime was left considerably weakened. Many of the returning Russian POW’s came home brainwashed after Schiff had arranged for Communist propaganda to be given to them while in Japanese captivity. The final Bolshevik overthrow of Russia in 1917 will owe its success, in large part, to the damage done to Russia by the team of Jacob Schiff & Ted the Red Roosevelt on 1905.

Teddy Roosevelt’s anti-Russian ‘diplomacy’ and Jacob Schiff’s money (both seated from left) almost turned Russia into a Communist state in 1905.

1907 -1914: SCHIFF RUNS THE GALVESTON MOVEMENT

Not content with flooding the Northeast with future Communists, Progressives, and Zionists from Russia, Jacob Schiff founded and financed the ‘Galveston Movement’ – an effort to settle Russian-Jewish immigrants in the south and west of the United States. Schiff himself described the effort in an article he wrote in 1914. Schiff wrote:

“The committee placed itself promptly after its organization into communication with the Jewish Territorial Organization, of which Israel Zangwill is the head, and an arrangement was entered into between that organization and the Galveston Committee, under which the former undertook to make propaganda in Russia and Romania for acquainting intending emigrants with the advantages of going into the United States through Galveston (Texas), rather than to and through the overcrowded and congested North Atlantic ports.”

Instead of confining the arrival of Jews to just the New York, New England, Pennsylvania and New Jersey areas, Schiff’s clever scheme would facilitate the spread of the liberal/progressive plague to even the most conservative parts of the country. He knew exactly what he was doing!

Playwright and Jewish immigration enthusiast Israel Zangwill (on TIME cover) coined the phrase “Melting Pot’ to describe America. His Broadway play of that same name was attended and praised by Teddy Roosevelt. Zangwill worked on the Galveston Project with Schiff.

1909 / 1914: SCHIFF & FRIENDS CONTROL THE N.A.A.C.P.

The NAACP (National Association for the Advancement of Colored People) is the most well-known Black American organization. What is not widely known is that its founders were ALL Zionist Marxists! Early Jewish co-founders included Julius Rosenwald, Lillian Wald, and Rabbi Emil Hirsch. A black Communist named W.E. Dubois was cleverly put up as the NAACP’s front man.

In 1914, Jacob Schiff became a Board member of the NAACP. With a giant like Schiff on board, the organization was now ready for the big time. Zionist money and influence has long dominated this “civil rights” organization, which did not elect a non-Jewish President until 1975!

By design, Schiff’s Jewish-controlled NAACP drew Blacks away from the positive influence of the Black-American conservative patriot Booker T. Washington, a dominant Black political leader who believed in America’s founding principles and sought to build bridges between Whites and Blacks.

The liberal Democrat NAACP represents the opposite of what the Republican Booker T stood for, which was self-reliance. NAACP is an anti- White Globalist Marxist tool that serves to divide Americans while herding radicalized Black voters (who they do not care about!) into the Leftist political camp. As a result, even today, 90-95% of Blacks blindly vote for Democrat candidates.

Without Schiff & friends, there would be no Barack Insane Obongo!

The openly Communist Black front man delivered the Black masses to his Jewish master.

1907: SCHIFF & FRIENDS SET STAGE FOR CREATION OF ‘THE FED’

The New York bankers had artificially inflated the stock market with easy loans. When lending was then tightened, the bubble burst. Stocks crashed 50% and bank runs followed. The Zionist NY Times and the Wall Street bankers used the Panic of 1907 to make a case for establishing a European style Central Bank (as Karl Marx envisioned).

Several years later, Senator Robert Owen of Oklahoma will accuse the Banksters of conspiracy: “The Panic was brought about by a deliberate conspiracy for the enrichment of those who engineered it.” JP Morgan, John D Rockefeller, Jacob Schiff, and Paul Warburg all declare that the lesson of The Panic is that the US needs a Central Bank.

Nine months before the planned crisis, Jacob Schiff warned in a speech to the Chamber of Commerce that “unless we have a central bank with control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history”.

The following year, Schiff’s boy, Teddy Roosevelt appointed a “bipartisan” National Monetary Commission to study the causes of the Panic and make suggestions. The Chairman of the Commission was Senator Nelson Aldrich (whose daughter will one day be the mother of the 5 Rockefeller sons, David, John III, Nelson, Winthrop, & Lawrence)

Senator Owen was right. The Panic of 1907, so ‘prophetically’ predicted by Schiff just months earlier, was caused by the same gang that later proposed the privately owned Federal Reserve (Central Bank) as a solution.

1912: SCHIFF TAKES DOWN TAFT / INSTALLS WILSON

President William H. Taft proved to be a Constitutional Conservative, and not a big government “progressive” like his predecessor Teddy Roosevelt. But what really angered Jacob Schiff most of all was Taft’s refusal, told to Schiff in person, to dampen trade relations with Tsarist Russia. According to Henry Ford’s sources, Schiff and his entourage left the White House saying. “This means war.”

In order to oust the popular Republican Taft in 1912, Schiff and company recruited Teddy Roosevelt to run for President again, as a third party challenger. This maneuver split the Republican vote in two, allowing Democrat Woodrow Wilson to steal the Presidency. Wilson’s Jewish owned presidency would turn out to be disastrous for America, and the world (The Fed, World War I, Russian Revolution, Jewish foothold in Palestine, Depression of 1919-1920)

1912-election

Wilson – Roosevelt -Taft

Jacob Schiff was the chief engineer behind the three ring circus of 1912; a trick which ushered in the Wilson disaster.

“Jacob Schiff then came back to New York, (He was at that time head of The American Jewish Committee), and in my father’s home, in the presence of many prominent men, they decided to get rid of President Taft. They also made plans to get rid of the Republican Party and put in their own party and their own President.

They set up the National Democratic Headquarters at 200 Fifth Avenue and Henry Morgenthau Sr. was made chairman of the Finance Committee. I was made his assistant. I saw everything that went on because I handled all the books. Jacob Schiff and the Jews started looking around for a man to put up as President. They got Woodrow Wilson, a rascal who wasn’t worth the powder to blow him to hell!” – Benjamin Freedman

1913: SCHIFF’S BROTHER-IN-LAW TAKES CONTROL OF ‘THE FED’

Paul Warburg is widely considered to be the “Father of the Fed”. As its first New York City Branch Chairman, it was Warburg who ran the new counterfeiting, loan-sharking and market rigging operation, while an Anglo Saxon named Charles Hamlin provided the protective “Christian” cover as its nominal Chairman.

But in the grand power scheme of things, as powerful as Paul Warburg was, and came to be, Schiff still outranked him, at least in America. Schiff had already been well-established in New York for 37 years before Warburg had even arrived from Germany. Warburg settled in New York in 1902 as a partner in Kuhn, Loeb & Co., where he was junior to Schiff. Schiff was actually the Brother-in-Law to Warburg’s wife, Nina Loeb.

Recall that it was Schiff who called the Crash of 1907 in advance, as well as providing an idea for “solution” to such problems in the future. So if Paul Warburg is the “Father of the Fed”, then old Jake is the Grandfather.

Whereas in Schiff and Warburg’s day it was hidden, the Jewish control of the Fed is now out in the open / Chairman Greenspan / Bernanke / Yellen

1917: RED OCTOBER / THE BOLSHEVIK REVOLUTION

As was the case during the Russo-Japanese War of 1905, the chaos of World War I enabled the Communists (Bolsheviks) to stage another uprising in 1917. Leading the diabolical efforts was Jacob Schiff’s loyal agent, Leon Trotsky, freshly reestablished in Russia after having hidden in Brooklyn for the past decade. The Tsar had been forced to abdicate earlier that same year. The provisional government would then be overthrown by the Jewish-led Bolsheviks.

The following year, Schiff’s agents murdered the Tsar and his entire family. The reign of terror that the Soviets then ushered in would plague humanity for decades to come. Scores of millions would be murdered! And it could never have happened without the tireless leadership of Rothschild, Schiff and their Junior partners.

Soon after the Revolution, Schiff removed Russia (now the Soviet Union) from his “do-not-lend list.

The Bolshevik hit-men of the Rothschild-Schiff crime gang could never have done something so drastic as slaughtering the entire Royal Romanov family unless the New York-London Jewish ‘higher ups’ had given the approval.

#1 Globo-Zionist Gangster in US History

US Citizens Were Classified As Enemies of the State in 1933

 

United States Congressional Record, March 17, 1993 Vol. 33, page H-1303 (Rep James Traficant): The Bankruptcy of the United States

“In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to the Federal Reserve System.”

What is a 14th Amendment U.S. citizen?

The 14th Amendment was put in place during an extremely turbulent time just after the Civil War. It was supposedly passed to free the slaves. However, it made all Americans (“persons”) – who were at the time New Yorkers, Virginians, Pennsylvanians, etc – under the jurisdiction of a central Federal government for the first time.

AMENDMENT XIV – 1868
https://www.law.cornell.edu/constitution/amendmentxiv

Section 1. “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.”

Section 4. “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.”

We cannot however forget the 14th Amendment was not lawfully passed. This fact was exposed in the Congressional Record. See Congressional Record of June 13, 1967.

From American Patriot Friends Network (apfn.org):

MEDIA RELEASE: THE PEOPLE ARE THE ENEMY

“Since March the 9th, 1933, the United States has been in a state of declared national emergency. Under the powers delegated by these statutes, the President may: seize property; organize and control the means of production; seize commodities; assign military forces abroad; institute martial law; seize and control all transportation and communication; regulate the operation of private enterprise; restrict travel; and… control the lives of all American citizens” [from Senate Report 93-549]

This situation has continued absolutely uninterrupted since March 9, 1933. We have been in a state of declared national emergency for nearly 63 85 years without knowing it.

According to current laws, as found in 12 USC, Section 95(b), everything the  President or the Secretary of the Treasury has done since March 4, 1933 is automatically approved:

“The actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken, promulgated, made, or issued by the President of the United States or the Secretary of the Treasury since March the 4th, 1933, pursuant to the authority conferred by Subsection (b) of Section 5 of the Act of October 6th, 1917, as amended [12 USCS Sec. 95(a)], are hereby approved and confirmed. (Mar. 9, 1933, c. 1,Title 1, Sec. 1, 48 Stat. 1]”.

On March 4, 1933, Franklin D. Roosevelt was inaugurated as President. On March 9, 1933, Congress approved, in a special session, his Proclamation 2038 that became known as the Act of March 9, 1933:

“Be it enacted by the Senate and the House of Representatives of the United States of America in Congress assembled, That the Congress hereby declares that a serious national emergency exists and that it is imperatively necessary speedily to put into effect remedies of uniform national application”.

This is an example of the Rule of Necessity, a rule of law where necessity knows no law. This rule was invoked to remove the authority of the Constitution.

Chapter 1, Title 1, Section 48, Statute 1 of this Act of March 9, 1933 is the exact same wording as Title 12, USC 95(b) quoted earlier, proving that we are still under the Rule of Necessity in a declared state of national emergency.

12 USC 95(b) refers to the authority granted in the Act of October 6, 1917 (a/k/a The Trading with the Enemy Act or War Powers Act) which was “An Act to define, regulate, and punish trading with the enemy, and for other purposes”.

This Act originally excluded citizens of the United States, but in the Act of March 9, 1933, Section 2 amended this to include “any person within the United States or any place subject to the jurisdiction thereof”.

It was here that every American citizen literally became an enemy to the United States government under declaration.

According to the current Memorandum of American Cases and Recent English Cases on The Law of Trading With the Enemy, we have no personal rights at law in any court, and all rights of an enemy (all American citizens are all declared enemies) to sue in the courts are suspended, whereby the public good must prevail over private gain.

This also provides for the taking over of enemy private property. Now we know why we no longer receive allodial freehold title to our land… as enemies, our property is no longer ours to have.

The only way we can do business or any type of legal trade is to obtain permission from our government by means of a license.

So who initiated all of these emergency powers? Again the abominable Federal Reserve

On March 3, 1933, the Federal Reserve Bank of New York adopted a resolution stating that the withdrawal of currency and gold from the banks had created a national emergency, and “the Federal Reserve Board is hereby requested to urge the President of the United States to declare a bank holiday, Saturday March 4, and Monday, March 6”.

Roosevelt was told to close down the banking system. He did so with Proclamation 2039 under the excuse of alleged unwarranted hoarding of gold by Americans.

Then with Proclamation 2040, he declared on March 9, 1933 the existence of a national bank emergency whereas

“all Proclamations heretofore or hereafter issued by the President pursuant to the authority conferred by section 5(b) of the Act of October 6, 1917, as amended, are approved and confirmed”.

Once an emergency is declared, there is no common law and the Constitution is automatically abolished. We are no longer under law. Law has been abolished. We are under a system of War Powers.

Our stocks, bonds, houses, and land can be seized as Americans are considered enemies of the state. What we have is not ours under the War Powers given to the President who is the Commander-in-Chief of the military war machine.

Whenever any President proclaims that the national emergency has ended, all War Powers shall cease to be in effect. Congress can do nothing without the President’s signature because Congress granted him these emergency powers.

For over 60 80 years, no President has been willing to give up this extraordinary power and terminate the original proclamation.

United States [citizens] are all enemies subject to tribunal district courts under Martial Law wartime jurisdiction; a Constitutional Dictatorship.

Proof:

50 U.S. Code § 1701 – Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities

(a) Any authority granted to the President by section 1702 of this title may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat.

(b) The authorities granted to the President by section 1702 of this title may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose. Any exercise of such authorities to deal with any new threat shall be based on a new declaration of national emergency which must be with respect to such threat.

(Pub. L. 95–223, title II, § 202, Dec. 28, 1977, 91 Stat. 1626.)

Trump renewed the state of emergency due to the “war on terror” on October 20, 2017 with Executive Order 13814.

Conclusion

Twenty years after the state of emergency was put in place, BAR attorneys managed to get state legislatures across the country to insert the Uniform Commercial Code into their statutes. “All this was accomplished by the mid-1960s.” — from attorney Melvin Stamper’s book, Fruit from a Poisonous Tree, page 62.

Today the UCC is the law of the land – not the U.S. Constitution.

The American people cannot alter this reality. Registering as a voter only signifies that you are volunteering to be an “enemy of the state”. The United States Federal corporation is run by its officers and we the people are not one of them.

Are Puerto Ricans really American citizens?

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In a recent poll, 41 percent of respondents said they did not believe that Puerto Ricans were U.S. citizens, and 15 percent were not sure. Only 43 percent answered that Puerto Ricans were U.S. citizens. Today, being born in Puerto Rico is tantamount to being born in the United States. But it wasn’t always that way, and a lot of ambiguity still remains.

Contrary to what many people believe, the Jones Act, which Congress passed 100 years ago, was neither the first nor last citizenship statute for Puerto Ricans. Since 1898, Congress has debated 101 bills related to citizenship in Puerto Rico and enacted 11 overlapping citizenship laws. Over time, these bills have conferred three different types of citizenship to persons born in Puerto Rico.

I’m part of an ongoing collaborative project that seeks to document and clarify the laws around citizenship for Puerto Ricans. For the first time, we’re making available to the public all citizenship legislation that has been debated between 1898 and today in a web-based archive.

These archives show that U.S. law still describes Puerto Rico as an unincorporated territory that can be selectively treated as a foreign country in a constitutional sense. This contradiction is at the heart of a range of discriminatory laws and policies used to govern Puerto Rico and the more than 3.5 million U.S. citizens living on the island.

The state of Puerto Rico

Debates over the citizenship status of persons born in Puerto Rico are usually centered around the territorial status of Puerto Rico.

The United States annexed Puerto Rico during the Spanish-American War of 1898. Between 1898 and 1901, U.S. academics, lawmakers and other government officials began to invent a new tradition of territorial expansionism. It enabled them to strategically annex territories throughout the world like Guam, American Samoa, the U.S. Virgin Islands and the Mariana Islands, for military and economic purposes without binding Congress to grant them statehood. To support this effort, they also created interpretations of the Constitution that would allow them to govern Puerto Rico and the other territories annexed during the Spanish-American War.

U.S. warships under command of Rear Admiral Sampson bombarding San Juan, Puerto Rico, May 12, 1898. Library of Congress

As the Supreme Court first established in Downes v. Bidwell (1901), territories annexed after 1898, those mostly inhabited by nonwhite populations or so-called “alien races,” would be ruled as “unincorporated territories,” or territories that were not meant to become states.

In Downes, the court was asked to rule on the constitutionality of a tariff on goods trafficked between the island of Puerto Rico and the mainland imposed by the Foraker Act, a territorial law enacted to govern Puerto Rico in 1900. Opponents of the tariff argued it violated the Uniformity Clause of the Constitution, which barred tariffs on goods trafficked within the United States. A majority of the justices, however, concluded that Puerto Rico was not a part of the U.S. for the purposes of the Uniformity Clause and affirmed the tariff. In effect, the U.S. treated Puerto Rico as a foreign country.

A lingering question in this case was, how does the Constitution apply to unincorporated territories? Specifically, does the Citizenship Clause of the 14th Amendment apply?

Are Puerto Ricans constitutional citizens?

Supreme Court Justice Edward D. White attempted to answer this question when he wrote a concurring opinion in Downes v. Bidwell. His opinion is regarded by scholars as the source of the doctrine on territorial incorporation. The doctrine contains three basic elements.

First, it recognizes a difference between incorporated territories – those meant to become states – and unincorporated territories.

Second, Congress is granted absolute power to enact legislation extending or withholding constitutional provisions. In other words, only fundamental constitutional rights are guaranteed in unincorporated territories, not the full application of civil rights.

Third, unincorporated territories can be selectively governed as foreign locations in a constitutional sense. That means that so long as Congress is not violating the fundamental constitutional rights of Puerto Ricans, Congress can choose to treat Puerto Rico as a foreign country for legal purposes.

The prevailing consensus to this day is in line with White’s interpretation – that the Citizenship Clause of the 14th Amendment does not extend to Puerto Rico. Since the Downes ruling, for 116 years, Congress has governed Puerto Rico as a separate and unequal territory.

The Foraker Act at the heart of the Downes case had also imposed Puerto Rican citizenship on persons born in Puerto Rico. People who were born in Spain and residing in Puerto Rico were allowed to retain their Spanish citizenship, acquire Puerto Rican citizenship or U.S. citizenship. Island-born were barred from retaining their Spanish citizenship, the citizenship that they acquired while Puerto Rico was a province of Spain, and from acquiring a U.S. citizenship.

But there was a big problem. At the time, persons seeking to naturalize and become U.S. citizens were required to first renounce their allegiance to a sovereign state. For Puerto Rican citizens, this meant renouncing their allegiance to the U.S. in order to acquire U.S. citizenship. This contradiction effectively barred Puerto Ricans from acquiring U.S. citizenship.

In 1906, Congress added a section in the Bureau of Immigration and Naturalization Act that waived the requirement to renounce an allegiance to a sovereign state. As my research shows, in 1906 Puerto Ricans began to naturalize in U.S. district courts throughout the mainland.

The Jones Act of 1917 included a collective citizenship provision. It enabled people living in Puerto Rico to choose between keeping their Puerto Rican or other citizenship, or acquiring a U.S. citizenship. Because the Jones Act did not change Puerto Rico’s territorial status, persons subsequently born on the island were considered U.S. citizens by way of “jus sanguinis” (blood right), a derivative form of U.S. citizenship. In other words, persons born in Puerto Rico were born outside of the United States but still considered U.S. citizens.

It wasn’t until 1940 that Congress enacted legislation conferring birthright, or “jus soli,” (right of soil) citizenship on persons born in Puerto Rico. Whereas persons born in Puerto Rico prior to 1940 could only acquire a naturalized citizenship if their parents were U.S. citizens, anyone born in Puerto Rico after 1940 acquired a U.S. citizenship as a direct result of being born on Puerto Rican soil. This legislation both amended and replaced the Jones Act. The Nationality Act of 1940 established that Puerto Rico was a part of the United States for citizenship purposes. Since Jan. 13, 1941, birth in Puerto Rico amounts to birth in the United States for citizenship purposes.

However, the prevailing consensus among scholars, lawmakers and policymakers is that Puerto Ricans are not entitled to a constitutional citizenship status. While Puerto Ricans are officially U.S. citizens, the territory remains unincorporated. This contradiction has enabled the governance of Puerto Rico as a separate and unequal territory that belongs to, but is not a part of, the United States.

On June 11 2017, Puerto Ricans voted in a nonbinding status plebiscite deciding whether Puerto Rico should become a state or a sovereign country.  a majority voted for statehood,  the question is whether Congress will grant 3.5 million U.S. citizens the ability to live in the 51st state.

23% of Puerto Ricans Voted in Referendum, 97% of Them for Statehood…

The Scam of Income Taxes and Central Banking

 

 

merlin_133719498_fefcd6e0-0284-49e5-82b5-f1ea3a1ccd5e-articleLarge

The Crystal Court in downtown Minneapolis — Some wealthier Minnesotans will pay more in taxes next year because of the new federal law.

Sulzbergers Slimes and the rest of the Piranha Press continue to whine over the fact that a few wealthy Americans may end up paying slightly higher income taxes due to lower write off limits under Trump’s tax reforms (in effect for 2018).  From whence this sudden love and pity for the oh-so-evil “rich” from the Marxist media? Hmmmm?

 

Lost amidst all the smoke and noise of this battle between the tiny tax-cutters of the Republican’t Party and the perpetual tax raisers of the Demonrat Party is the historically concealed fact that the U.S. Constitution — a document which all politicians solemnly pledge to uphold and defend — does not even permit a tax on labor. As hard as it may be for contemporary Americans to even imagine, it was only a single long lifetime ago, 104 years to be precise, that no American, rich, poor, or in between, paid any income tax at any level of government, at all!

Yes, it’s true, Boobuss. All American workers used to keep 100% of their paychecks!

 

Imagine that! A fast-growing, industrialized, dynamic, innovative, economic powerhouse nation of 100,000,000 people — with a massive and booming middle class and millions of European immigrants clamoring to get in, get to work, and climb up from the bottom of the ladder — with the Edison-Tesla electrical revolution already operational, and the Ford automotive revolution just getting started; there was no limit to the potential of the vast United States of America of 1913. And just think, the great nation achieved it all without the “blessing” of an income tax or a debt-money central bank — a pair of related evil institutions — both established in 1913 — which today’s “smart people” assure us are indispensable for the proper functioning of a modern state.

 

How was it possible for America to have become so great without a central bank / income tax system, you ask? Why was the insidious form of central debt-money printing and its attendant labor taxation scheme ever instituted in the first place when the country was doing just fine without them — notwithstanding the mischief caused by large independent banks? Well, to the architects of the New World Order, both the counterfeit money from the “Fed” and the stolen “revenue” from the people were absolutely “needed” to fund the coming, pre-planned “Great War” (World War I) and the eventual welfare-control system which they already had in mind.

 

Sugar, fire up the Time Machine and set the dial to 1907, please. Into the Marxist mist of history we go!

 

 

America of the 1910’s was a booming, growing, thriving happy nation of 100.000.000 people with first-rate schools, universities, cars, roads, bridges, railways, hospitals  — all this, without an income tax or a central bank.

 

 

Americans even had ample leisure time to enjoy and support the amateur and professional sports leagues.

 

which were sweeping the country — all without an income tax or a central bank.

 

 

Contrary to Fake History, the patriotic Christian Blacks of America, less than a half-century removed from the end of slavery, were rapidly acquiring wealth and joining the ranks of the middle class — all without an income tax or a central bank. Image 1: Fraternity at Howard University  Image 2: The inventor George Washington Carver (seated center) and his staff at the Tuskegee Institute.

*Note: The very same Jewish bankers behind the Fed and the Income Tax founded the NAACP in order to gradually turn conservative Blacks into libtarded victim-whiners — racial weapons to be used as sacrificial pawns against America’s White founding Class.

JANUARY, 1907: SCHIFF ISSUES A WARNING

In a speech before the Chamber of Commerce, Zionist banking mogul and Rothschild ally, Jacob Schiff, “prophetically” warns:

“Unless we have a Central Bank with control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history.” (here)

OCTOBER, 1907: CRISIS SCARES AMERICA

The New York Bankers have inflated the stock market with easy loans. When lending is then tightened, the bubble bursts. Stocks crash 50%. Bank runs follow. The New York Times and Wall Street bankers use The Panic of 1907 to make a case for a European-style Central Bank (as Marx envisioned).

1911: SENATOR OWEN: “PANIC OF 07 WAS A CONSPIRACY!”

Four years after the 07 Panic, Senator Robert Owen of Oklahoma will demand an investigation into the sudden crash. He insists that the Panic was deliberately engineered:

“(The Panic) was brought about by a deliberate conspiracy for the enrichment of those who engineered it….I regard it as treason against the United States….a few men control the power of expanding or contracting credits. This unrestrained power means the power to create panics and coerce this country politically.”

 

Jacob Schiff, who spent millions to help the Communists takeover Russia, “predicted” the very crisis that he and his fellow chosenites were deliberately engineering. 2. The Crash of 1907 — Panic and bank runs in New York. 3. Senator Owen smelled a rat…

1908: TEDDY ROOSEVELT APPOINTS COMMISSION

Globo sock puppet – President Theodore Roosevelt, appoints a “bi-partisan” National Monetary Commission to study the causes of the Panic and to make suggestions. The Chairman of the Commission is Senator Nelson Aldrich (whose daughter will one day be the mother of the 5 Rockefeller sons, David, John III, Nelson, Winthrop, & Lawrence)

 

SURPRISE! COMMISSION CALLS FOR CENTRAL BANK

The main recommendation of Aldrich’s National Monetary Commission is to establish a Central Bank with monopoly control of credit and currency issue. The privately owned Bank would create money out of thin air and lend it local banks and the government at interest.

 

1910: SECRET MEETING AT JEKYLL ISLAND

 

Aldrich, Paul Warburg, and other agents of the Rockefeller & Rothschild dynasties meet secretly at JP Morgan’s private club in Jekyll Island, Georgia. One of the conspirators, Frank Vanderlip, will, years later, reveal to The Saturday Evening Post:

“There was an occasion, near the close of 1910, when I was as secretive, indeed, as furtive as any conspirator. … We were trying to plan a mechanism that would correct the weaknesses of our banking system as revealed under the strains and pressures of the Panic of 1907. I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System. … Discovery, we knew, simply must not happen, or else all our time and effort would be wasted. If it were to be exposed publicly that our group had gotten together and written a banking bill, that bill would have no chance whatever of passage by Congress.”

 

  1. TR was a blustering loudmouth tool of the Jewish Banking Mafia. 2. Senator Aldrich was an in-law of the Rockefellers. Grandson David ran Trilateral Commission and CFR. 3. Paul Warburg: Father of The Fed; America’s Central Bank.

 

1912: THE ‘ALDRICH BILL’ DIES

 

Senator Aldrich introduces a bill to establish a Central Bank (The Aldrich Bill). The scheme (hatched at Jekyll Island) is transparent, and Aldrich’s name is too closely linked to the Money Masters of New York. Congressman Charles A Lindbergh Sr. (father of the famous aviator) declares:

“The Aldrich Plan is the Wall Street Plan. It means another panic, if necessary, to intimidate the people. Aldrich, paid by the government to represent the people, proposes a plan for the trusts instead.”

 

Opposition to Aldrich’s scheme is so strong, that the bill to create a Central Bank is never even brought to the floor for a vote.

 

1913: THE ‘ALDRICH BILL’ IS REPACKAGED – THE FED IS BORN!

A few cosmetic changes are made to the old Aldrich Bill and the bill is renamed ‘The Federal Reserve Act’. Congressman Lindbergh is not fooled:

 

“This is the Aldrich Bill in disguise ….This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The worst legislative crime of the ages is perpetrated by this banking bill.”

 

The bill passes anyway, on December 23, after many Senators and Congressmen had left town for Christmas Break! Puppet President Woodrow Wilson quickly signs it — creating the privately-owned Federal Reserve System. Weeks earlier, Wilson, after the necessary states had ratified the Constitutional Amendment establishing an Income Tax — needed to pay for wars and for interest to the bankers after they set up their Central Bank — had already enacted the new tax law. The counterfeiting, insider trading, loan sharking, Globalist Money Masters were now in control America, and have been ever since.

 

 

  1. Congressman Charles Lindbergh Sr. and his famous aviator son. 2. An anti-Central Bank cartoon from 1912! 3. Woodrow Warmonger Wilson sold the Federal Reserve scam as “Currency Reform”

 

 

The original 1913 Income Tax only affected about the top 1% of earners, with brackets in the single digits. Naturally, there were assurances that the rates would never rise, and that the income brackets would never expand to lower earners.

 

We’ll take whatever tax-relief crumbs that our oh-so-magnanimous Republican’t champions will drop on the floor for us to nibble on. But can you just imagine the EXPLOSION of economic activity, investment and expansion of opportunity for all if we actually undid the great robbery of 1913? Sugar and I, er, “The Editorial Board” of The Anti-New York Times crunched some numbers. All it would take to kill the Income Tax and balance the Federal Budget would be the combination of the following initiatives:

•a reduction of the Department of Offense from $700 Billion to $50 Billion
• the immediate removal of millions of cash-rich seniors from the Social Security Pyramid Scheme and the lifting of the retirement age to 68 (until the program can be phased out completely)
•means-testing for MediCare and the expulsion from the program of all elderly Turd Worlders who were sponsored to the U.S. by their children
•the removal of all recent (15 years or less) immigrants (legal & illegal) from any welfare program
•the repudiation of all Treasury Bonds (or maybe do a .50 on the dollar payback)

•the closing down of the Departments of Education, Energy, Interior, Labor, Transportation, Homeland Security and CIA (for starters)
•the termination of all Foreign Aid
•the termination of ObongoCare (Expanded Medicaid)
If we were to make these spending cuts, end the personal income tax, kill the IRS, kill the Fed, and issue debt-free currency from the US Treasury that would be proportionate to productivity and backed by gold and silver — then THAT would truly “make America great again” — at least in the economic realm.
Oh if people only understood the kind of better life they are being deprived of by the PRC (Predatory Ruling Class)!

F 1

cartoon-of-the-day-055

 

Boobus Americanus 1: I read in the New York Times today that some people may end up paying more under the Trump tax plan .

Boobus Americanus 2: Well, I can’t complain about the few extra dollars I’m seeing in my paycheck.