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-- The Secret Criminal Society of the Federal Reserve (Part II)
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[on topic discussion]
krypt, I don't feel like bumping the gold standard thread but I just saw your last response there...about the gold standard being a form of "central planning". Well, you are correct in a way. It is one of the few forms of central planning authorized by the Constitution. The founders recognized the importance of preventing counterfeiting of the nation's money...and fixing the dollar against a particular weight in gold or silver is one of the few ways to ensure it can't be counterfeited (printed) very easily. It is a legitimate role of government.
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Article 1, Section 8: To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures; To provide for the punishment of counterfeiting the securities and current coin of the United States; Section 10. No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts. |
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| Originally posted by culorut There is nothing to debate you moron, you do not even know american history. And yes you just defined what a troll is again with your last post. Fits you and PKC to a tee, you have become the fucking troll police. LOL |
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| Originally posted by Capitalizt [on topic discussion] krypt, I don't feel like bumping the gold standard thread but I just saw your last response there...about the gold standard being a form of "central planning". Well, you are correct in a way. It is one of the few forms of central planning authorized by the Constitution. The founders recognized the importance of preventing counterfeiting of the nation's money...and fixing the dollar against a particular weight in gold or silver is one of the few ways to ensure it can't be counterfeited (printed) very easily. It is a legitimate role of government. Smart men..the founders.. [/on topic discussion] You can continue the fight now. I'm making make popcorn. |
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| Originally posted by Capitalizt [on topic discussion] It is a legitimate role of government. |
Money, Banking and the Federal Reserve
The Federal Reserve: The Biggest Fraud In U.S History
By John Louis
While millions of our citizens are sleeping�in a figurative sense�momentous decisions are being proposed by the powers that be. These financial decisions, with unprecedented, far-reaching consequences, are being rubberstamped or blindly approved by the Legislative, the Executive and Judicial branches of our government. However, the primary purpose of these financial decision-makers is to relegate the United States of America to a mediocre economy, thus paving the way for a one-world government. And the powers that be are none other than the Federal Reserve Bank.
The Federal Reserve System, with its 300 shareholders, is the most insidious threat to the economic security and vital interest of this country. These wealthy individuals and banking institutions exercise absolute power over Congress, the Presidency, the Courts, the Banking System, Wall Street, the Media, the Academia, etc. Because of their Congressional mandate over monetary policies, the central bank, its Chairman and 12 Governors are actually the de-facto government that controls the economic, the political and military affairs of this nation. As Mayer Amschel Rothschild, the founder of the Rothschild Banking Empire, once put it, �Let me issue and control a nation�s money, and I care not who writes its laws.
To prevent the concentration of this absolute control over the nation�s money to any unelected body, our founding Fathers granted the power to issue and control money exclusively to Congress. According to Article 1, Section 8 of the U.S. Constitution, �Congress shall have the power to coin money and regulate the value thereof.� However, the broad power over monetary policies was delegated to the Federal Reserve by an act of Congress in 1913. Since then, this agency has been using its absolute economic power at the expense of taxpayers, for the selfish gain of its shareholders and to promote its primary agenda of world domination. Sadly, the government of the people, by the people and for the people has been working against the people of this country ever since the power to print money and regulate its value was unconstitutionally delegated to the Federal Reserve Bank.
Moreover, the Feds have been using the U.S. Treasury Department to print money at the expense of taxpayers. They in turn lend the money to the U.S. Government, to banks and other financial institutions and charge billions of dollars in interest to them annually. Furthermore, they commission the IRS to collect trillions of dollars in income tax from the working class. Yet, they themselves pay no income tax whatsoever on the money collected in interest from borrowers. They operate under Congressional approval. Yet, they are not under Congressional supervision. They prescribe laws for the people of the United States and executive directives through Congress and the presidency, respectively. Yet, they themselves are exempt from these laws and directives. The central bank and its cronies have been abusing their power to print and regulate the value of money for nearly a century.
Several attempts have been made over the years by a few members of Congress and two past presidents to require accountability from these powerful shareholders and banking institutions. Yet, these attempts have been futile. While most of our citizens think this monetary monopoly is a part of the U.S. Government, it is actually a private corporation that exclusively promotes the interests of its super-rich investors. In fact, the Federal Reserve Bank is approximately 78% foreign owned. Its shareholders are incognito. Its vast and untold wealth is guarded in utmost secrecy around the world. And this economic oligarchy operates beyond the reach and scrutiny of all federal officials.
Consequently, the president and members of Congress have never seen, much less audited, the books of this privately-owned corporation. Its representatives operate in the U.S. Yet, their primary goal and objective is to enrich their prot�g�s from other countries. They do so by setting interest rates, regulating the amount of money in circulation, manipulating the stock market and engineering economic slowdowns, recessions and depressions intermittently to the detriment of our society. In fact, this agency and its subordinates hold one of the largest stock portfolios in the world. Furthermore, they enslave consumers with cumbersome financial burdens through secured loans�such as mortgages�and unsecured loans�such as credit card debts�that are administered by the banking industry.
http://www.congress.org/congressorg...=ua_congressorg
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| Originally posted by culorut The Federal Reserve: The Biggest Fraud In U.S History By John Louis While millions of our citizens are sleeping�in a figurative sense�momentous decisions are being proposed by the powers that be. These financial decisions, with unprecedented, far-reaching consequences, are being rubberstamped or blindly approved by the Legislative, the Executive and Judicial branches of our government. However, the primary purpose of these financial decision-makers is to relegate the United States of America to a mediocre economy, thus paving the way for a one-world government. And the powers that be are none other than the Federal Reserve Bank. The Federal Reserve System, with its 300 shareholders, is the most insidious threat to the economic security and vital interest of this country. These wealthy individuals and banking institutions exercise absolute power over Congress, the Presidency, the Courts, the Banking System, Wall Street, the Media, the Academia, etc. Because of their Congressional mandate over monetary policies, the central bank, its Chairman and 12 Governors are actually the de-facto government that controls the economic, the political and military affairs of this nation. As Mayer Amschel Rothschild, the founder of the Rothschild Banking Empire, once put it, �Let me issue and control a nation�s money, and I care not who writes its laws. To prevent the concentration of this absolute control over the nation�s money to any unelected body, our founding Fathers granted the power to issue and control money exclusively to Congress. According to Article 1, Section 8 of the U.S. Constitution, �Congress shall have the power to coin money and regulate the value thereof.� However, the broad power over monetary policies was delegated to the Federal Reserve by an act of Congress in 1913. Since then, this agency has been using its absolute economic power at the expense of taxpayers, for the selfish gain of its shareholders and to promote its primary agenda of world domination. Sadly, the government of the people, by the people and for the people has been working against the people of this country ever since the power to print money and regulate its value was unconstitutionally delegated to the Federal Reserve Bank. Moreover, the Feds have been using the U.S. Treasury Department to print money at the expense of taxpayers. They in turn lend the money to the U.S. Government, to banks and other financial institutions and charge billions of dollars in interest to them annually. Furthermore, they commission the IRS to collect trillions of dollars in income tax from the working class. Yet, they themselves pay no income tax whatsoever on the money collected in interest from borrowers. They operate under Congressional approval. Yet, they are not under Congressional supervision. They prescribe laws for the people of the United States and executive directives through Congress and the presidency, respectively. Yet, they themselves are exempt from these laws and directives. The central bank and its cronies have been abusing their power to print and regulate the value of money for nearly a century. Several attempts have been made over the years by a few members of Congress and two past presidents to require accountability from these powerful shareholders and banking institutions. Yet, these attempts have been futile. While most of our citizens think this monetary monopoly is a part of the U.S. Government, it is actually a private corporation that exclusively promotes the interests of its super-rich investors. In fact, the Federal Reserve Bank is approximately 78% foreign owned. Its shareholders are incognito. Its vast and untold wealth is guarded in utmost secrecy around the world. And this economic oligarchy operates beyond the reach and scrutiny of all federal officials. Consequently, the president and members of Congress have never seen, much less audited, the books of this privately-owned corporation. Its representatives operate in the U.S. Yet, their primary goal and objective is to enrich their prot�g�s from other countries. They do so by setting interest rates, regulating the amount of money in circulation, manipulating the stock market and engineering economic slowdowns, recessions and depressions intermittently to the detriment of our society. In fact, this agency and its subordinates hold one of the largest stock portfolios in the world. Furthermore, they enslave consumers with cumbersome financial burdens through secured loans�such as mortgages�and unsecured loans�such as credit card debts�that are administered by the banking industry. http://www.congress.org/congressorg...=ua_congressorg |
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| FACTS OF THE FEDERAL RESERVE SYSTEM By: Edward Flaherty, Ph.D. Department of Economics College of Charleston, S.C. Fact: The Federal Reserve banks are privately owned, but they are controlled by the publically-appointed Board of Governors. The Federal Reserve banks merely execute the monetary policy choices made by the Board. In addition, nearly all the interest the Federal Reserve collects on government bonds is rebated to the Treasury each year, so the government does not pay any net interest to the Fed. Fact: No foreigners own any part of the Fed. Each Federal Reserve bank is owned exclusively by the participating commercial banks and S&Ls operating within the Federal Reserve bank's district. Individuals and non-bank firms, be they foreign or domestic, are not permitted by law to own any shares of a Federal Reserve bank. Moreover, monetary policy is controlled by the publically-appointed Board of Governors, not by the Federal Reserve banks. Fact: Independent accounting firms conduct full financial audits of the Federal Reserve banks and the Board of Governors every year. The Fed is also subject to certain types of audits from the Government Accounting Office. Fact: The Federal Reserve rebates its net earnings to the Treasury every year. Consequently, the interest the Treasury pays to the Fed is returned, so the money borrowed from the Fed has no net interest obligation for the Treasury. The government could print its own currency independent of the Fed, but there would be no effective safeguards against abuse of this power for political gain. Fact: The Federal Reserve banks have only a small share of the total national debt (about 7%). Therefore, only a small share of the interest on the debt goes to the Fed. Regardless, the Fed rebates that interest to the Treasury every year, so the debt held by the Fed carries no net interest obligation for the government. In addition, it is Congress, not the Federal Reserve, who is responsible for the federal budget and the national debt. Fact: Kennedy wrote E.O. 11,110 to phase out silver certificate currency, not to issue more of it. Records show Kennedy and the Federal Reserve were almost always in agreement on policy matters. He even signed legislation to give the Fed more authority to issue currency. Fact: McFadden was incorrect regarding the Fed costing the government money. However, later economic analysis agrees with him that Federal Reserve policy blunders had a substantial role in causing the Depression. However, his implication that this was done deliberately has no basis in fact. Moreover, for a dozen years prior to his rant, McFadden had been the chairman of the House subcommittee that oversaw the Federal Reserve. Why didn't he do anything to reform or abolish the Fed while he had the chance? Fact: The banking system is indeed able to create money with a mere computer keystroke. However, a bank's ability to create money is tied directly to the amount of reserves customers have deposited there. A bank must pay a competitive interest rate on those deposits to keep them from leaving to other banks. This interest expense alone is a substantial portion of a bank's operating costs and is de facto proof a bank cannot costlessly create money. Fact: The term 'lawful money' does not refer to gold or silver coin, but to types of money which the government would permit banks to use when tabulating their reserves. These types of money included, but were not limited to, gold and silver coin. |
Colorut, you'll like this one...since you seem so keen to assert Kennedy was assassinated by the Federal Reserve...
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| President Kennedy was assassinated because he tried to usurp the Federal Reserve's power. Executive Order 11,110 proves it. Presidential Executive Order 11,110 is quite infamous among conspiracy buffs. Jim Marrs, author of Crossfire: The Plot that Killed Kennedy, writes that the order instructs the Treasury secretary to issue about $4.2 billion in silver certificates as a form of currency in place of Federal Reserve Notes.1 Written by John F. Kennedy, Marrs also speculates this order was part of a larger plan by Kennedy to reduce the influence of the Federal Reserve by giving the Treasury more power to issue currency. The order wassigned June 4, 1963. A few months later, of course, Kennedy was killed, and conspiracy theorists hypothesize a link between the murder and E.O. 11,110. They argue that the Federal Reserve was somehow involved in the assassination to protect its power over monetary policy. The executive order modifies a pre-existing order issued by Harry Truman in 1951. E.O. 10,289 states "The Secretary of the Treasury is hereby designated and empowered to perform the following-described functions of the President without the approval, ratification, or other action of the President..." The order then lists tasks (a) through (h) which the Treasurer can now do without bothering the President. None of the powers assigned to the Treasury in E.O. 10,289 relate to money or to monetary policy. Kennedy's E.O. 11,110 then instructs that...
To understand exactly what Kennedy's order was trying to do, we must understand the purpose of the legislation which gave the order its underlying authority. The Agricultural Adjustment Act of 1933 (ch. 25, 48 Stat 51) to which Kennedy refers permits the President to issue silver certificates in various denominations (mostly $1, $2, $5, and $10) and in any total volume so long as the Treasury has enough silver on hand to redeem the certificates for a specific quantity and fineness of silver and that the total volume of such currency does not exceed $3 billion. The Silver Purchase Act of 1934 (ch. 674,48 Stat 1178) also grants this power to the Treasury Secretary subject to similar limitations. Nowhere in the text of the order is a quantity of money mentioned, so it is unclear how Marrs arrived at his $4.2 billion figure. Moreover, the President could not have authorized such a large issue because it would have exceeded the statutory limit.2 As economic activity grew in the fifties and sixties, the public demand for low denomination currency grew, increasing the Treasury's need for silver to back additional certificate issues and to mint new coins (dimes, quarters, half-dollars). However, during the late fifties the price of silver began to rise and reached the point that the market value of the silver contained in the coins and backing the certificates was greater than the face value of the money itself.2 To conserve the Treasury's silver needs, the Silver Purchase Act and related measures were repealed by Congress in 1963 with Public Law 88-36. Following the repeal, only the President could authorize new silver certificate issues, and no longer the Treasury Secretary. The law, signed by Kennedy himself, also permits the Federal Reserve to issue small denomination bills to replace the outgoing silver certificates (prior to the act, the Fed could only issue Federal Reserve Notes in larger denominations). The Treasury's shrinking silver stock could then be used to mint coins only and not have to back currency. The repeal left only the President with the authority to issue silver certificates, however it did permit him to delegate this authority. E.O. 11,110 does this by transferring the authority from the President to the Treasury Secretary.2 E.O. 11,110 did not create authority to issue new silver certificates, it only affected who could give the order. The purpose of the order was to facilitate the reduction of certificates in circulation, not to increase them. In October 1964 the Treasury ceased issuing them entirely. The Coinage Act of 1965 (PL 89-81) ended the practice of using silver in most U.S. coins, and in 1968 Congress ended the redeemability of silver certificates (PL 90-29). E.O. 11,110 was never reversed by President Johnson and remained on the books until 1987 when there was a general cleaning-up of executive orders (E.O. 12,608, 9/9/87). However, by this time the remaining legislative authority behind E.O. 11,110 had been repealed by Congress with PL 97-258 in 1982.2 In summary, E.O. 11,110 did not create new authority to issue additional silver certificates. In fact, its intention was to ease the process for their removal so that small denomination Federal Reserve Notes could replace them in accordance with a law Kennedy himself signed. If Kennedy had really sought to reduce Federal Reserve power, then why did he sign a bill that gave the Fed still more power? Marrs also makes some other factual errors in his conspiracy tale that suggest he is not very familiar with the Federal Reserve or the financial system. He writes that a source of tension between the Federal Reserve and the Kennedy Administration was the Treasury's desire to allow banks to underwrite state and local government bonds, thereby weakening the "dominant" Federal Reserve banks. However, such a move, which was later permitted by Congress, would not have affected the Federal Reserve system because it had never been involved in underwriting bond issues. Marrs also claims that Kennedy signed a bill that changed the backing of small denomination currency from silver to gold to "add strength to the weakened U.S. currency." This is completely false. U.S. currency has not been on the gold standard since 1934, and silver certificates, as their name suggests, had never been redeemable in anything but silver. In addition, U.S. currency was not "weak" during Kennedy's time: There had not been any significant inflation since the late forties, and the exchange rate value of the dollar was fixed according to the Bretton Woods agreement. In the introduction to his book, Marrs advises the reader not to trust his book. This appears to be good advice. References: 1. Marrs, Jim (1989), Crossfire: The Plot that Killed Kennedy, New York: Carroll & Graf Publishers. 2. Woodward, G. Thomas (1996), "Money and the Federal Reserve System: Myth and Reality," Congressional Research Service. |
Kennedy was killed because he was fucking around with the big boys. It wasn't over the dollar. Simply put.
krypton, i have posted that on no less than 2 occasions, culorut either didn't bother to read it, or he lacks the knowledge to understand it. either way, he keeps posting lies.
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| Originally posted by {b.s.e.} Kennedy was killed because he was fucking around with the big boys. It wasn't over the dollar. Simply put. |
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| Originally posted by pkcRAISTLIN krypton, i have posted that on no less than 2 occasions, culorut either didn't bother to read it, or he lacks the knowledge to understand it. either way, he keeps posting lies. |
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| Originally posted by Krypton So, we should just accept you at your word? |
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| Originally posted by {b.s.e.} Ehehehe, not at all good sir. If you have the time (90 minutes). http://video.google.ca/videoplay?do...%27t+see+&hl=en Flawless research. |
I'll look into it, but I'll say I'm already extremely skeptical.
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| Originally posted by Krypton oh, god. THE BUSH CONNECTION!? I'll look into it, but I'll say I'm already extremely skeptical. |
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| Originally posted by {b.s.e.} Well, as long as your down with ignoring the truth... |
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| Originally posted by Krypton At least I'm willing to examine the case. You guys wholesale refuse to even debate on any of your points. Your conspiracies are dogmatic, even religious, how dare we question your holy conspiracy gospel!! |
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| Originally posted by {b.s.e.} Well, naturally you are the decider, right? These aren't conspiracies, this is the truth, and it's ugly. What do you mean I refuse to debate? I made a tongue-in-cheek comment about Kennedy, you which in turn required a follow up statement to validate what I had said. So now it's up to you to investigate. I'll be open to debate anything you have in mind. |
They where to busy trolling b.s.e., I posted the JFK documentary a long time ago and of course they never paid attention.
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| Originally posted by culorut JFKII - The Bush Connection  |
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| Originally posted by culorut They where to busy trolling b.s.e., I posted the JFK documentary a long time ago and of course they never paid attention. |
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| Originally posted by Krypton Yes, because everything you post, we should take as holy scripture... |
Link
I was unaware of this, has this been posted?
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The United States In Bankruptcy From the United States Congressional Record, March 17, 1993: Vol. 33, page H-1303 Speaker - Rep. James Traficant, Jr. (Ohio) addressing the House:"Mr. Speaker, we are here now in chapter 11... Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise. It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only. The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers.  With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S. Secretary of Treasury receives no compensation for representing the United States?' Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be "money" in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or "currency." Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not "money." A Federal Reserve Note is a debt obligation of the federal United States government, not "money" |
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| Originally posted by {b.s.e.} Link I was unaware of this, has this been posted? The rest of the one minute speech can be found via the link. It seems from this, the Fed owns America. Has this situation changed at all? |
Not to mention the fact that the IMF (or the UN for that matter) didn't exist in 1933 when we supposedly handed over control to them.
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