The Truth About the Fed Reserve

[Albertabound]

money for nothing

It amazes me how people still believe the federal reserve is a federal entity. The fact that the reason it was brought into being ...to prevent such things as the current economic crisis is contrary and has done the complete opposite of what it was intended for.

Since inception the federal reserve it has presided over the stock market crash of 1921 and 1929, the great depression of 1929 through 1939, the recessions of 1953,1957,1969, 1975, and 1981. Stock market black Monday in 1987, both business and personal bankrupcy is at an all time high. Banks and savings institutions have failed in larger numbers than ever before and interest of the national debt consuming 1/2 of the tax dollars. Heavy industry has been replaced by overseas competitors, international trade deficit and foreign investors now own more than 80% of the treasury debt. Not so good for an organization that was designed to stabilize the economy and protect the people from the private and corrupt banking institutions.

All this under the watch of the federal reserve, that is no more federal than federal express, is quite the disastoriss report for an institution that was build and designed to prevent all of those things. Doesn't it make any one wonder...what the hell is going on. The creature from Jekyll Island has now become a full blown monster. This private banking institution has robbed all of the American people of their own money. AIG is small potatoes compared to the corruption of these guys.

The Creature from Jekyll Island - A Second Look at the Federal Reserve by G Edward Griffin

 

[mit]

I think the problem is that there is sadly no alternative to the shell game we have built over the centuries. Without the system of paying interest on borrowed money that makes perceived values appear out of thin air - we would likely be still living in tents - the flip side is that because of this system we might just be living in tents again if the system collapses.

 

[petros]

But we'd own our tents.

 

[mit]

Yes that would be true.

 

[petros]

I've said it before and I'll say it again. Canada NEEDS $20 $50 $100 gold coins. $20 gold coins are investments anybody can afford the globe over and it's value is it's self not made up figures inside a machine. I guaranteed $100 Billion would sell overnight creating hard assets that are permanent. The coins themselves would contain about 3/4 of the face value in gold. That's an easy $25 Billion made and $100 Billion pumped into the public coffers directly without any outsiders taking a cut.

It's not like Canada doesn't have any gold to do this. We could easily dominate the gold market and become lenders and not borrowers.

If we don't Russia and it's massive Siberian mineral wealth is going to paralyze us for generations.

 

[normbc9]

The US Federal Reserve is but another slight of the hand trick by bankers to lull Americans into thinking everything is OK in the financial world. Now the truth is out but the crooks are still allowed to try to "Fix" the system. The new puppets have names. They are Chris, Barney, Nancy, Harry and Tim. This mess will only worsen.