Re: A corrupt US Federal Reserve corporation
- From: "Goats shed" <feetalways@xxxxxxxxxxxxx>
- Date: Tue, 4 Oct 2005 09:37:57 -0700
My opinion's that the cart has been put before the horse. If problems arise
then approach it not by following along behind and trying to ketchup.
Especially in the area of freedom of artistic expression. Whatever your
hangup.
"Goofy Federal Reserve antics"
<corrupt-mafia-like-banks@xxxxxxxxxxxxxxxxxxxxx> wrote in message
news:43410592$0$13495$88260bb3@xxxxxxxxxxxxxxxxxxxxxxxx
> In America, the government doesn't print the currency
>
> Why isn't this being talked about in a so-called "country of free speech
> and democracy"?
>
> For zero inflation to occur, a government can only print new currency to
> match the new goods and services created. But if 10 billion dollars worth
> of, say, new pornography enters the market then a government can print 10
> billion new dollars to match it without causing any inflation. The problem
> is, that 10 billion dollars worth of new pornography entering the market
> creates social problems. This would be greater government expenditures on
> crime, drug-use, counseling services for divorce, depression, etc, all of
> which comes from the taxpayer. In America, however, the national banks
> have been printing the currency since 1982, not the government.
>
> If 100,000 people in America's inner cities arrive in emergency rooms with
> gunshot wounds, where each patient requires $100,000.00 average worth of
> hospital treatment, then the national banks can print an extra
> $10,000,000,000.00 in new currency for themselves to spend without causing
> any inflation. These banks can lend and invest this money wherever they
> want. The hospitals paying these added expenses pass these new costs on to
> insurance companies and the federal government.
>
> A dangerous problem occurs when a privately-owned central bank prints the
> currency because, while a government would surely not be interested in
> printing 10 billion new dollars to match new problematic goods that will
> cause the government to go into debt, a privately-owned central bank may
> because it does not have to pay for these higher social problem costs (the
> taxpayer does). Additionally, and as is currently the case in America,
> when the government is forced to spend this extra money it often must
> borrow it, and it borrows it through the very same privately-owned central
> bank which benefitted by the initial 10 billion dollars printed. This is
> precisely what the Federal Reserve corporation has been doing in America
> during the past decade, where the 2% and 3% economic growth rates listed
> each year were not a result of good manufacturing jobs being created, this
> was merely the new currency printed to match the immigration each year,
> new illegal drugs arriving, more people getting involved in gambling,
> prostitution and pornography along with the resulting AIDS and STD cases,
> counseling for depression, family problems, etc.
>
> If a young girl finishes school and gets a new job earning $20,000.00 per
> year, then the privately-owned Federal Reserve can print $20,000.00
> without causing any inflation. This is not "too much money chasing too few
> goods and services" because there is now that exact same amount worth of
> new services created. This is known as economic growth. If, however, this
> young girl instead gets involved in prostitution where she earns
> $50,000.00 per year, even if this profession is illegal, then the national
> banks (via the Federal Reserve) can print $50,000.00 new without causing
> any inflation. And if she contracts the AIDS virus, where the government
> then has to spend $120,000.00 per year treating her, then the Federal
> Reserve corporation can print $120,000.00 in new Federal Reserve notes and
> spend it without causing any inflation.
>
> The privately-owned Federal Reserve doesn't have to pay for these high
> AIDS medical costs, the government does. But when this new currency is
> printed there is no added inflation because there is now $120,000.00 worth
> of new, vitally-needed medical services which have been created, which
> were not in demand and did not exist before, to deal with her AIDS
> illness. Multiply this figure by perhaps 1,000,000 new AIDS cases in
> America and the Federal Reserve can print $120,000,000,000.00 for itself
> to match this without causing any inflation. This huge sum will be given
> to America's privately-owned national banks for free to "inject into the
> economy" as they like to call it, which means they spend and lend this
> money, and it enters the economy. They don't give this money away, nor do
> they give it to the government, the banks get these new dollars for free.
>
> Certainly we are not implying that the owners of America's private
> national banks are aware they are printing new money to match growth in
> crime and drug-use, just that they may be misled of talk about all sorts
> of good jobs that have been created, which may not exist in reality.
>
> What is the Federal Reserve ?
> The Federal Reserve system is comprised of twelve privately-owned Federal
> Reserve bank corporations whose stockholders are America's privately-owned
> national banks. Every bank must join a Federal Reserve bank corporation
> and become a stockholder in it. There are no government-owned banks in
> America.
>
> When a Federal Reserve bank wants new Federal Reserve notes, as it often
> does, it tells the U.S. Treasury department how many new notes to print
> and send to it. In other words, though the physical printing presses for
> Federal Reserve notes are housed at the U.S. Treasury department, the
> Treasury has no say in how many are printed nor does it get to keep the
> new notes printed. This new currency is given to the privately-owned
> national banks for free (though they must pay a small printing charge of
> about 3 cents per note).
>
> These banks then spend this new money on whatever they like; they lend it
> to state and local governments, to the federal government and to foreign
> governments and to private citizens. They also spend some of this new
> currency buying real estate, starting up media companies, etc. The Federal
> Reserve Bank of New York, Inc., is by far the largest of the twelve
> Federal Reserve bank corporations which comprise the Federal Reserve
> System. It was reported that in 1992 this New York Federal Reserve bank
> directed the U.S. Treasury to print 100 billion new Federal Reserve notes
> and send them to it for free, which this bank then gave free to its
> stockholder national banks. This is quite a sum for a group of private
> corporations to receive for free.
>
> America's great strength was not Fed-inspired
> We should point out that America did not become a superpower by issuing
> Federal Reserve notes; these notes are recent arrivals. In 1913 the
> privately-owned national banks' new Federal Reserve notes joined the U.S.
> government's gold-backed Gold Certificates, the silver-backed Silver
> Certificates and United States notes (the latter identical to Federal
> Reserve notes except that they have red serial numbers and the government
> gets these when they are printed). It was made to appear within the poorly
> written Federal Reserve Act that the new Federal Reserve notes were to be
> used only as "IOUs" between member banks, not intended for use by the
> general public. The following is an excerpt from the Federal Reserve Act,
> which calls for the printing of the new Federal Reserve notes . . .
>
> "Federal Reserve notes, to be issued at the discretion of the Federal
> Reserve Board for the purpose of making advances to Federal Reserve banks
> through the Federal Reserve agents as hereinafter set forth and for no
> other purpose, are hereby authorized. The said notes shall be obligations
> of the United States and shall be receivable by all national and member
> banks and Federal Reserve banks and for all taxes, customs, and other
> public dues. They shall be redeemed in gold on demand at the Treasury
> department of the United States."
> The Statutes at Large of the United States of America from March 1913 to
> March 1915. Volume XXXVIII, The Federal Reserve Act, Ch. 6, 1913, Sect.
> 16, pg 265.
>
> Of all the institutions mentioned above, only the Treasury department is
> part of the government. The Federal Reserve banks are all privately-owned
> with private stockholders. As we can see above, the term reserve is used
> to make us think it really isn't currency, as in "We won't spend it, we'll
> keep it in reserve". Or, one might think that these new notes are only
> intended for use as "advances" to member banks.
>
>America became strong with currency backed by gold right up until 1933 when
>gold was banned, with currency backed by silver up until 1963, and with the
>government's United States notes being printed up to 1982. It was only
>after 1982, when the national banks' Federal Reserve notes became the only
>U.S. currency printed and used, that American social problems began to
>soar. FedCorp interests try to make things appear as if America did better
>after 1913 when Federal Reserve notes first appeared, but in reality
>America was much more prosperous between the years 1800 to 1900 when we had
>currency backed by gold and silver (compared with the amount of technology
>available).
>
> The dangers of allowing "unbacked national banknotes" to be printed were
> well understood when America was being founded. During the late 1700s
> there were large banking interests attempting to establish a
> privately-owned bank to print new U.S. currency for itself. Opposed to
> this foolish idea, Thomas Jefferson clearly stated;
>
> "If the American people ever allow private banks to control the issue of
> their currency, first by inflation and then by deflation, the banks and
> the corporations that will grow up around them will deprive the people of
> all property until their children wake up homeless."
> An excerpt from Catherine B Dalton's Constitutional Money and the Banking
> Procedure. (Oreana, IL; Illinois Committee to Restore the Constitution,
> 1985).
>
> It wasn't too long after the Federal Reserve Act of 1913 when Americans
> did wake up homeless. The depression starting in 1929 was a direct result
> of allowing the Federal Reserve to print too many free Federal Reserve
> notes for the national banks, where many would speculate wildly on the
> stock market. And might we wonder where the U.S. government borrowed all
> of the money it needed during the depression of the 1930s ? The Federal
> Reserve - this was the only institution to emerge strong after the crash,
> perhaps even stronger. Strangely though, we don't find this mentioned
> within economic books published in the U.S. Why ? Probably because many of
> these so-called "complex economics" books are funded by the same
> superwealthy banking interests who profited during the crash of 1929.
>
> There is simply no evidence to support the supposed benefits of allowing a
> privately-owned central bank to issue the currency of a nation, or group
> of nations. The Federal Reserve corporation, which tells the U.S. Treasury
> Department how much money to print and send to it each year, was
> established in 1913. Ever since then, the U.S. quickly became involved in
> situations which force the government to borrow heavily (like wars).
>
> The problem we are now faced with, is trying to inform the general public
> of this uncivilized little manner of "printing new currency to match
> growth in social problems" when the American broadcast media is dominated
> by pro-Federal Reserve interests (and money). The vast majority of the
> newscasts shown on TV, we might add, are completely pro-NAFTA and CAFTA
> while the public is not. Such bogus trade agreements have awakened
> widespread concern within the U.S. military because they appear to
> over-ride, perhaps even usurp, the United States Constitution. Rear
> Admiral Chester Ward is well aware of this problem . . .
>
> "The most powerful clique in these elitist groups have one objective in
> common - they want to bring about the surrender of the sovereignty and the
> national independence of the United States. A second clique of
> international members comprises the Wall Street international bankers and
> their key agents. Primarily, they want the world banking monopoly."
> William E. Dunham, "Correction, Please!" The Review of the News (9 April
> 1980): 37-38.
>
> Many economists believe that the Federal Reserve corporation has an agenda
> quite different from that of the average American. It claims to be against
> racism, yet its promotion of lowering wages and forcing peoples to
> vigorously compete against each other is proven to be the biggest cause
> for racism.
>
> Private Federal Reserve interests go international
> Federal Reserve money is funding organizations around the world to
> advertise the message of linking several nations into large trading blocs
> (where a privately-owned central bank will print the currency). These
> often have names that include terms like "institutes for peace", "foreign
> relations" and "international economics" but are more easily unveiled with
> their uncanny devotion to world trade, low inflation and
> multi-culturalism. These are the very same interests so pushing the CAFTA
> agreement. If the economies of nations become so intertwined with trade
> then naturally they will all need one common currency, and it would be
> racism to have only one of these nations print the new currency,
> therefore, the currency must be printed by a privately-owned central bank
> (to avoid racism).
>
> The advertising ploy so often used involves an over-preoccupation with
> stamping out racism - claiming that all wars are a result of racism, which
> itself is a result of national sovereignty and borders. The only remedy
> for which is to establish privately-owned central banks to print currency
> for member nations, to have greater world trade, low import tariffs and to
> allow massive immigration. The truth is, however, that war is a result of
> greed, selfishness and the desire to take money and land from others,
> which is exactly what these very amoral banking interests end up doing,
> they've done it in America. The Federal Reserve corporation owns vast
> amounts of real estate while 2,000,000 Americans are now homeless.
>
> In America, the nation's schools have become so filled up with no-results
> educational programs that it's hard to believe that any more can be
> created, yet they are. There are so many new government-funded educational
> program which requires more borrowing (and which doesn't work). Here again
> is a prime example of the Federal Reserve interests' financial domination
> over the American broadcast media, the larger problems are not tended to
> yet any tiny problem is made to appear as so much more important (in great
> need of ever more government spending).
>
> Such nonsensical broadcasting encompasses almost all the commercial TV
> channels in America. In their view, indiscriminate hatred and violence on
> TV is okay, but merely speaking something about immigration or protecting
> U.S. jobs is tantamount to hate and racism. In reality, the shipping of
> U.S. jobs overseas hurts black Americans more than anything else. It is
> the multi-national corporations promoting racism by encouraging such
> foolhardiness, not good Americans of all colors who want high import
> tariffs to protect domestic jobs.
>
> World trade organizations really believe they are helping to insure
> international peace by encouraging greater international competition under
> NAFTA and CAFTA. Yet they are inadvertently promoting widespread social
> problems by fostering the unstable theories mentioned, the latter views
> being funded by privately-owned central banking interests (ie: the Federal
> Reserve corporations). In their mixed up view it is individual nations,
> borders and sovereignty thought to be the real causes for war, yet this is
> a wholly incorrect and biased point of view.
>
> Having respect for one's own nation and treasuring one's own culture
> doesn't mean someone has to hate anybody else's. In fact, the more we
> respect our own culture the more we tend to respect other cultures. Racism
> results from an unhappiness with one's own situation, not when one is
> pleased with it.
>
> Racism occurs when people lose their jobs. When they see their sons fall
> victim to drug dealing and their daughters are forced to make cheap porn
> movies to sell on the Internet. Racism occurs
> when crime and drug-use rise, when immigrants arrive without restriction.
> Racism occurs when other people are viewed as competitors trying to beat
> you out and take what you have; precisely what occurs under the so-called
> world economy, low import tariffs, CAFTA and NAFTA (conditions that
> increase corporate profits more than anything else).
> Because this sort of competitive trade between nations decreases salaries
> and safety standards it thus increases animosity, which itself creates
> racism and the chance for conflict. What decreases racism is when people
> are guaranteed the basics of life. When people are taught kindness and
> love, the respect for all cultures (including their own) and how to be
> forgiving when a problem arises instead of expressing anger or releasing
> hatred.
>
> Many of the Federal Reserve?s incorrect opinions are advertised ?as fact?
> within the American broadcast media, and when the public hears these views
> we tend to believe them simply because we don't have time to study them
> in-depth.
>
> Senator Jesse Helms stated the following in a speech before Congress in
> 1987;
>
> "This campaign against the American people - against traditional American
> culture and values - is systematic psychological warfare. The principle
> instrument of this control over the American economy is the Federal
> Reserve. The policies of the industrial sectors, primarily the
> multi-national corporations, are influenced by the money center banks
> through debt financing and through the large blocks of stock controlled by
> the trust departments of the money center banks. This pervasive influence
> runs contrary to the long-term national security of our nation. It is an
> influence which, if unchecked, could ultimately subvert our national
> order. Mr. President, in the globalist point of view, nation states and
> national boundaries do not count for anything. All that matters to this
> club is the maximizing of profits resulting from the practice of what can
> be described as finance capitalism, a system which rests upon the twin
> pillars of debt and monopoly. This isn't real capitalism. It is the road
> to economic concentration and political slavery."
> Congressional Record - Senate, 15 December 1987, p S18146.
>
> America's problem is simple. What occurred after 1982 when only Federal
> Reserve notes could be printed was a tripling of America's violent crime
> rate (+300% by FBI statistics). Several million people became homeless
> where we had never that problem before, and the most incredibly violent
> television programs were broadcasted 24 hours a day to the American
> family - nothing which makes money is ever to be banned. The national
> debt, which was 1 trillion dollars in 1980 suddenly quadrupled to 4
> trillion dollars. The Federal Reserve corporation not only makes money by
> printing it, but also by lending to the government. In fact, the Federal
> Reserve Act of 1913 requires that the privately-owned Fed cannot print
> more money than the federal government goes into debt each year. Why isn?t
> this being talked about in a so-called ?country of democracy and free
> speech??
>
> In the early 1980s, government funding to help the poor was cut, which
> caused crime to rise, and when people are destitute they tend to steal,
> sell drugs and go to jail, become involved in prostitution, etc, all of
> which the Federal Reserve can print new money to match without causing
> inflation. The reduction of import tariffs allowed large amounts of
> foreign goods to flood the market.
>
> The Federal Reserve corporation also prints Federal Reserve notes to match
> newly arriving foreign goods, without causing any inflation. This is not
> "too much money chasing too few goods" because there is now that same
> value worth of new goods arriving on the market.
>
> At the expense of the average worker, this increased corporate profits,
> grew the economy and caused the stockmarket to rise. It also forced the
> shutdown of many U.S. factories with the resulting millions of job losses.
> The new jobs created to replace these factory jobs are not the types of
> jobs which makes a nation prosperous.
>
> One of the biggest growth industries in America is in the counseling of
> people, from children to the elderly. Is it possible to commercialize the
> kindness and love we share. Well, it isn't really working out too well in
> America. There is no replacement for the genuine love and kindness,
> friendship and compassion shared within the family. If a friend or
> relative is a bit sad or confused, instead of advising him or her to see a
> psychologist who stands to profit more only as problems worsen, we offer
> love and understanding for free. This is what helps a person come out of
> sadness or to stop being overly fearful. This is the whole idea of
> friendship; to help each other feel better, for free. Not to turn it into
> come kid of a business. Certainly not a business that is supposed to
> replace good manufacturing jobs. This is preposterous.
>
> The current trend in America is to allow growth in drug-use, gambling,
> prostitution, Internet porn, and crime. And for the government to borrow
> money to fund new counseling jobs to "talk about" these problems, but not
> to solve them. Such new jobs are what is meant when "more diverse
> occupational skills" are referred to whenever the subject of "imported
> goods shutting our domestic factories down" comes up during TV news
> programs. The remark often heard is "America is becoming more of a
> service-oriented economy, not a production-oriented one".
>
> The fact that new goods like drugs are illegal is irrelevant, the only
> thing being needed to print new currency without causing inflation is that
> currency is used to buy these new goods and services. If these new
> services end, then that same value of currency which was printed, and is
> in circulation, will begin to cause inflation.
>
> These bankers seem to detest two things: inflation and slow economic
> growth, but they apparently don?t mind rampant crime, drug-use and a lower
> standard of living for the average family. The television they influence
> tells the public that putting up tariffs on cheap foreign imports is akin
> to becoming a racist country, yet this is entirely false. It is forcing
> peoples to compete against each other for lower wages which causes racism
> and resentment.
>
> The Federal Reserve: "Moral Hazard's Best Friend"
> http://www.gold-eagle.com/editorials_03/benson051403.html
>
> --
>
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