silverwood

Grand Illusion: The Federal Reserve (Part 3)

The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.”

Abraham Lincoln, assassinated president of the United States

“Whoever controls the volume of money in our country is absolute master of all industry and commerce...and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

James A. Garfield, assassinated president of the United States

’The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented.

Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again...

Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit’.”

Sir Josiah Stamp Director, Bank of England 1928-1941
(reputed to be the 2nd richest man in Britain at the time)

Josiah Stamp

A Depression and Recovery in Internet Time

"Mr. Roskoph appears to have been drinking two handed from the FED's bowl of kool-aid. His reasoning is overly dependent on "never gonna happen" assumptions that are questionable at best. He appears to understand just enough to be incredibly dangerous as an economic forecaster." Smarty Pants you hit the nail on the head here!

All this increased volatility in all different markets, whether they are stocks, bonds, currencies or commodities is pointing to a coming collapse in the fiat money experiment the World has embarked upon. The efforts of Central bankers to competitively devalue their currency in order to keep exports competitive will eventually spiral out of control. A new global monetary system will evolve and most like gold will be employed in some manner to achieve this.

How to Inspire More Panic in the Economic Crisis

HELP! We need an Army of Thomas Jeffersons to populate our goverment. He knew what was in the hearts of Central Banksters. These very shrud banksters invested their profits wisely by buying up our media, sponsoring "in their pocket" politicians to their cause, and controlling acedemic thought in our universities. This crisis is just another step in their plan. It is time for the 2nd American Revolution as our government has to be brought back to the wisdom of what Mr. Jefferson and his peers tried establish. Merry Christmas to all!


On Dec 25 09:19 AM varmit wrote:

> Else where on this site James Quinn wrote:
> "Thomas Jefferson, a wise man by most accounts, thought central banks
> were not a very good idea.
>
> If the American people ever allow private banks to control the issue
> of their currency, first by inflation, 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 on the
> continent their fathers conquered.... The issuing power should be
> taken from the banks and restored to the people, to whom it properly
> belongs. The modern theory of the perpetuation of debt has drenched
> the earth with blood, and crushed its inhabitants under burdens ever
> accumulating.
>
> We did not heed Mr. Jefferson’s prudent advice. The result for the
> American people has been persistent inflation that has destroyed
> the purchasing power of the US dollar. It takes $1.00 to buy what
> cost 5 cents in 1914, a 95% loss of purchasing power since the creation
> of the Federal Reserve. Most of this loss in purchasing power has
> occurred since 1971. “Tricky Dick” Nixon took the country off the
> gold standard in 1971 and uncorked the bottle and let the inflation
> genie out. The unchecked issuance of debt by our government, facilitated
> by Federal Reserve policies since 1971, has brought our great country
> to the brink of financial disaster. The organization that caused
> the problem, did not see this crisis looming, and has utterly failed
> in stemming the damage, is now taking actions completely outside
> of its mandate, while telling the public they have the answers. They
> have duped the American public for 85 years through the insidious
> use of inflation, and now they are trying to dupe the world into
> keeping their Ponzi scheme going for a while longer."
>

Say Goodbye to a Bear Market Rally after Madoff's Ponzi Scheme

OH! HAPPY NEW YEAR everybody......