I noticed a lot of talk about the Federal reserve of late but I chose to
reprint this at this time because I am currently experiencing
problems with this issue. First I want to say that as you read this you
will see too why it is no surprise who is really in charge. You will
also understand why President Lincoln and President Kennedy were
assassinated. Anyway we hear every day how low the bank rates are and
offers from everyone and their brother to refinance your mortgage at a
lower rate and for maybe no cost. Well!
It has been over a month of phone calls now and we are still having a
problem finding a bank who will do a Refi for us because we do not owe
enough money to make it worth their while. I was under the misconceived
impression that it behooved any bank to lower your rate but boy was I
wrong. Our current bank will not cooperate with us and is trying
everything under the sun to keep us feeding their inflated rate but we
are out of there.
The final straw for me was when they said closing costs would be 7 to 9
thousand, for a 46 thousand dollar loan get real! I finally talked to a
woman at one agency who finally spoke the truth. She used my standard
line and that is that we do not matter. She said the Federal Reserve
does not represent us they work for and represent the banks.
That led me to dig this up as she was right and we are so screwed. This
is sobering and reaffirms what I was being told. I am just so peeved at
this lie we are living they call a Democracy. This is all disquieting
but give this a quick glance.
This was sent to me with no Author by someone more than in the know but I
will leave that alone.Read it and weep, I am wanting to say every
expletive in the world as once you hear this it makes 100% common sense
and we are powerless? I do not know who the Author is but this is
frightening, sobering, debilitating, and frustrating, what do we do
about it? Pay particular attention to all of it, Google whatever you
want. Man am I peeved with this set up they call a Democracy. SOB!
1) If we paid off our debts, our problems would be solved. Wrong. Wrong.
Wrong. The banks wrote the Federal Reserve Act in secret. They said you
would not be allowed to have money unless you first went into debt. In
fact when you pay off a loan, the bank cancels money supply. So if we
all paid off our debts including the government debt, we would have no
money and the economy would collapse. We would all be reduced to barter.
2) The bankers who wrote The Federal Reserve Act in 1913 knowingly
engineered a Fatal Debt Bomb into the legislation. This is true. When
you go to a bank to get a loan, the banker created ten thousand dollars
in new money by entering that amount onto a checking account. Notice
that if you signed a note for simple interest at 10%, you will owe the
banker $11,000 in one year’s time. He only created $10,000 so how do you
pay him back the principal plus interest? Good question. What he does
is to create more money through more loans so there is enough money to
pay the note plus interest.
This means that the total amount of debts in the society are growing at a
compound rate. Bankers have known since the Babylonians that unchecked
exponential growth of unpayable debts will destroy any nation with a
Debt Bomb. This is what is happening to America and the world today.
Michael Hudson wrote about the Babylonian solution. They developed a
formula that told them how long this rising tide of Unpayable Debt could
grow before they had to cancel all the debts and start over again.
Let me repeat that the bankers have known this for over 4,000 years. But
they have made sure that you know nothing of it because they want to
foreclose on you and your nation so they can but everything for pennies
on the dollar in bankruptcy proceedings.
The Russian demographer Borisov tells us that the bankers starved
millions of Americans to death in the 1930s rather than allow people to
understand the Babylonian solution. The Bible writers copied this
concept when they wrote of the Jubilee cancellation of debt.
3) The Federal Reserve Act was written to transfer wealth from us to the
bankers through the creation of a Debt Based money system. This is
true. President Lincoln had created Greenbacks without borrowing money
from the banks so there was no national debt and no interest on the
debt. Lincoln simply printed the money and spent it into circulation.
There is absolutely no reason to have a national debt except to collect
interest on a fictional debt. Why give the power to create money to the
banks when government alone according to the Constitution is supposed to
coin money? I will tell you why. The banks want to bring back slavery.
They want you to become an indentured servant who inherits a national
debt that is unpayable. They want to reduce you to slavery,
Any politician or pundit who does not understand this is either stupid or lying.
I should point out that President Kennedy issued Executive Order 11110
which directed the Mint to issue US Banknotes to replace Federal Reserve
Notes. These JFK Banknotes were to be debt free as were Lincoln’s
Greenbacks. They were withdrawn from circulation after his
assassination. JFK was murdered on the 53rd anniversary of the secret
meeting of the bankers on November 22nd, 1910 in a private rail-car that
took them to Jekyll Island. Bankers like to do things on the
anniversary of an important date to make sure you understand that
monetary reform carries a death penalty.
4) All we have to do to solve our economic woes is to balance the
budget. Wrong. Wrong. Wrong. All those knuckleheads need to listen and
learn. The Gross National Product is the total sales of a country.
Economists write it as a formula Where GNP = C + I + G or GNP equals
Consumption plus Investment plus Government spending. The total GNP is
currently 14 trillion dollars. Suppose we balance the budget by cutting
spending two trillion dollars. That would mean we subtract two trillion
from G and our new GNP is reduced to 12 trillion dollars which means
that one seventh of the American economy would disappear overnight. That
would send us instantly into a worse economic blight than the first
Great Depression. Currently the states owe the federal government almost
100 billion dollars for extended unemployment benefits.
A man was recently explaining to his young daughter that we have no
bread lines like they did in the 1930s because we have almost 49 million
people on Food Stamps. Suppose we cut off unemployment extended
benefits and Food stamps to make a down payment on that two trillion
dollar budget cut. America would have nationwide food riots. 90% of all
black children are on Food Stamps. I do not know the figures for
Hispanics. But there would be no grocery stores in major cities that
would not escape the riots.
If you hear someone talking of cuts, tell them to eliminate Unpayable
Debts and interest on the national debt by bringing back non-interest
bearing debt free Greenbacks. Then they can cut out the five foreign
wars and remove our troops from at least 100 foreign nations. Then they
can seize the assets of the banks that stole over 27 trillion dollars
from us during the Banker Bailouts.
5) Fiat currencies always fail. What we need is a gold standard. Wrong.
Wrong. Wrong. Presidents Lincoln and Kennedy had fiat currencies that
were successful. And only ended with their assassination. The Isle of
Guernsey and the American colonies both had fiat currencies that were
successful.
The Italians had a gold currency that failed in 1348. The bankers loaned
out more money than they had on deposit. This is called fractional
reserve banking. Usually a bank will loan out nine times what it has on
deposit. The Italian banks in Venice were unable to meet demands for
gold from their depositors.
Currently, the risk manager at JP Morgan has two thousand dollars in
risk for every dollar in deposits. I think this is an underestimate.
6) America could go onto the gold standard because we have all that gold
at Fort Knox. Wrong. Wrong. Wrong. America has gold plated tungsten
bars at Fort Knox. And the banks leased our gold and sold it four or
five times to keep themselves from going bankrupt.
The gold was stolen by the Rothschild s and their friends. If we went
back to the gold standard, we would be entering slavery to the
Rothschild network because they would have all the gold money. The
Rothschild s financed the Jewish trade in African slaves. Ask a black
man how well that Rothschild slavery worked out for him.
I personally own silver because I expect this fractional reserve debt
based monetary scheme to collapse very soon. I would use a gold exchange
standard to get things going. But I could manage a monetary system with
Greenbacks if Zionists and morons on welfare were not allowed to vote.
7) All we need to do to balance our trade deficit is to cut wages by
devaluing the dollar so we can become more competitive. Wrong. Wrong.
Wrong. Steve Keen is an Australian economist who says we need to
increase wages so debts become payable. Unpayable debts lead directly to
slavery. The US dollar eleven years ago was worth $1.20 when measured
against a basket of six currencies. Today the US dollar is worth almost
75 cents. This has not created one job in the past decade. What it has
done was raise the price of oil so everything costs more to produce.
In China factory workers are lucky to make a dollar an hour. They work
72 hours a week. They get no overtime and have no benefits. The Chinese
workers do not make enough money to ride those Mag Lev fast rail trains
you have read about. Suppose we cut American wages in half? Would that
create jobs? No. We have been cutting wages since 1970 and we have fewer
jobs today than then. It never worked in the past. No reason to believe
it will work now.
To make the debts easier to pay we need to raise wages. To do that we
have to stop issuing a million Green card work permits for legal
immigrants. And we need to send back a few million illegal immigrants to
open jobs for millions of unemployed Americans. But to create jobs we
need new industries. We need to protect those industries with a 25%
tariff. We need to create new jobs in computers, materials science,
bio-engineering, aviation and energy by releasing the Top Secret
research that is held in government labs. We could collect royalties
from American industries employing American citizens. We could lease
these patents to foreign competitors but we need a tariff to protect
American jobs.
We made America prosperous by repealing the Glass Steagall Act and by
allowing Credit Default Swaps to remain unregulated. Wrong. Wrong.
Wrong. The bankers passed NAFTA and the WTO in 1994 so they could send
11 million jobs and 43,000 manufacturing plants overseas. They created
the illusion of prosperity under Clinton by pumping up real estate and
the stock market. The stock market was deliberately crashed in 2000 so
the Zionists could elect George W Bush President because they wanted
lots of wars for Israel. When the stock market failed, the Zionists
created the subprime lending bubble on top of the already existing
housing bubble.
