se7ensnakes
Critical Thinker
- Joined
- Dec 7, 2006
- Messages
- 263
THE BIGGEST SCAM OF ALL TIME
This is how it works:
The banks control the amount of money in circulation. Money could be currency, digital (bookeeping entry), and checks. The Banks use a tactic known as Fractional Reserve Banking. Fractional Reserve Banking allows banks to create money out of nothing. When money is deposited in a bank the bank loans that money out. The trick is that despite the loan the deposit can be withdrawn. So essentially the money for the loan was created out of nothing. It was created on the promise that the debtor will pay it.
But there is more. The newly created money is spent and the new recipient deposits the money in the bank system. Now the banks have new reserves where they could further expand the money supply. Most money end up in the banking system. When you buy a car the car dealer deposits the money in the bank system. When car dealer pays the wages, the employees deposit the money in the bank. When the employees buy groceries the grocer puts the money back in the bank system. Most money gravitate back to the bank unless you store the money under a mattress or some such thing. Each time someone makes a deposit the bank system can recreate the money. When debts are paid and no more credit is given the money supply resorts back to the base money supply that the federal reserve initially introduced. This is not enough money to keep the economy going.
Let me explain it another way. Lets say that you owned a Movie theater. By law you could buy a complete movie reel and duplicate it 10 times to show in various theaters. Now you sell one of those movies to another theater and they could create 10 more movie reels. How would this affect the movie industry? All the work that went into making the movie will be transferred to the movie theater owners because he can produce the movie with a duplicating machine. This is similar to Fractional Reserve Banking as it is practice today, except that the movie industry can stop making movies, where most of us are trapped into using the devalued currency.
Big banks can make money scarce or plenty. When money become scarce many people, unemployed, loose their houses and their cars. The big banks get to keep homes that were collateral for money they created out of nothing. All the work that went into making a home is now transferred to the bank who merely used a few keystrokes to create the money to attain it.
Fractional Reserve Banking is the perfect tool for power hungry bankers for three major reasons. It is an economically frail system and therefore easy to collapse. Secondly, and most importantly with Fractional Reserve Banking private banks can make calculated expansion and contraction of the money supply. They are more effective in expanding and contracting the money supply than the Federal Reserve telling the treasury to print more money. 97% of the money supply exist digitally as a bookkeeping entry. Thirdly, Fractional Reserve Banking appears smart and complicated so most people don't care to figure it out. If the banks went to their basement and started to print currency, like some banks of the past did, this will be so obvious that people will rebel. But with Fractional Reserve Banking the banks can create money and most people wont be able to figure it out.
As soon as the borrower goes out and spends the newly created money, it is added to the total money supply. This expands the money supply. This is call inflation and it is basically why the price of things go up. This is why in 1990 a quart of orange juice cost a dollar fifty and today it is three dollars. Since 1946, on a base of about $150 billion, the U.S. Banking system has created $9.4 trillion. About $700 billion was created by the Federal Reserve, and the balance, about $8.7 trillion was created by private companies, banks.
Now certain big banks owners know this. These big bank owners want to be richer and they want to wield a lot of power so they want more and more. The big bank owners get together and with the help of the federal reserve decide, for example, that in six years they are going to collapse the economy. First the bank owners start to make loans easy. They start to flood the market with lots and lots of credit. Credit for this and credit for that. There is a credit fest. This increases the money supply but it also expands the economy. There is more economical activity. New buildings go up, more cars, more products.
In six years time they pull the plug. The big bankers call this fleecing of the flock. The banks now prohibit credit and the economy comes to a stand still. The money supply shrinks and money becomes scarce. No more loans. The Federal Reserve pay higher interest to banks so that they don't make loans. People and businesses are heavily in debt and can no longer borrow money. Businesses start to shrink. Lay-off, and unemployment become rampant. There is no actual money to maintain the economy. Bankruptcies and foreclosures surge. The court and lawyers become busy. Collection agencies grab the little morsels that are insignificant to the bankers. People loose their houses, the deposits they put on their houses, their businesses, cars. All this wealth is not lost but merely transferred.
The big banks go after important businesses. Some of the businesses are small banks who did not know any better. They go after manufacturing plants. Television and radio stations, farms. These big bank owners know when the stock market is going to take a downturn so don't buy when trading is high. Finally, with a dismal economy the prices of stock fall and the big banks buy controlling stocks in major corporations. This way they gain control of selected companies.
When political representatives are sent to Washington, most of them have no clue what is going on. Some of them are creatively paid-off. Others have to contend with blackmails and scandals. The few that know what is going on are made to look like fringe characters. Those that actually get a significant following are taken down. These leaders are relegated to the rostrum of assassinated leaders such as Abraham Lincoln, James Garfield, Huey Long, etc.
Big bankers now are implementing the Fractional Reserve – Central Bank scheme all over the world. Every nation, everyone will pay interest, inflation and ownership of land to bankers.
TIMELINE
Throughout Americas history there have been many prominent men, some presidents, some intellectuals, some politicians who spoke against these people who privately control the nations economy. Here is a list of good guys and bad guys and what they have said:
Bad Guy:
“Permit me to issue and control the money of a nation and I care not who makes its laws”
Mayer Anselm Rothschild (Rothschild was by far the biggest banker of all)
Today the Rothschild is big and powerful but they are kept from the news.
From the founding fathers:
Good Guy:
“I sincerely believe that the banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”
Thomas Jefferson
If the American People ever allow private banks to control the issue of currency...the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered.”
Thomas Jefferson
Good Guy:
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”
James Madison
Early to mid 1800's:
Bad Guy:
“Nothing but to widespread suffering will produce any effect on Congress... Our only safety is in pursuing a steady course of firm restriction – and I have no doubt that such a course will ultimately lead to restoration of the currency and the re-charter of the bank.”
Nicholas Biddle
Nicholas Biddle caused a severe recession in an attempt to influence congress and override Andrew Jackson's veto for the re-charter of the private Central Bank of the United States.
Good Guy:
“The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy.”
Abraham Lincoln
Good Guy:
“The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots... I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America, and use it systematically to corrupt modern civilization. They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the earth should become their inheritance.”
Otto Von Bismark
Late 1800's
Good Guy:
“Whoever controls the volume of money in any 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 Garfield - A few days after he made this speech he was assassinated.
Bad Guy:
Memo sent to Bankers to calling for an economic collapse which eventually became part of the congressional record:
“On September 1st, 1894, we will not renew our loans under any consideration. September 1st we will demand our money.
We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of Mississippi as well, at our own price... Then the farmers will become tenants as in England...”
1891 American Bankers Association -memo submitted to all bank members.
as printed in the congressional Record of April 29, 1913
Early 1900's
Bad Guy:
Regarding the Jekyll Island secret meeting among the bankers. In this meeting the plans for the Federal Reserve central Bank was created.
“I was as secretive – indeed, as furtive – and any conspirator... Discovery, we knew, simply must not happen, or else all our time and effort would be wasted. If it were to be exposed that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress,”
Frank Vanderlip
Bad guy
Was made president by the bankers so that he could past the Federal Reserve Act and create a central bank in the United States. He eventually realized that he gave the bankers complete control of the American money supply. Today we live with his catastrophic error.
“We have come to be one of the worst ruled, one of the most completely controlled governments in the civilized world – no longer a government of free opinion, no longer a government by … a vote of the majority, but a government by the opinion and duress of a small group of dominant men.”
Woodrow Wilson
“Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they have better not speak about their breath when the speak in condemnation of it”
Woodrow Wilson
“I have unwittingly ruined my government.”
Woodrow Wilson
“The modern banking system manufacturers money out of nothing. The process is perhaps the most astounding piece of sleight hand that was ever invented”
Sir Joseph Stamp – Director Bank of England 1928 – 1941 (Reputed to be the 2nd richest man in England at the time)
“Banking is conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create and control credit and with a flick of a pen they will create enough money to buy it back again. Take this great power away from bankers and all great fortunes like mine will disappear, and they ought to disappear, for this would be a better and happier world to live in.
But if you want to continue the slave of bankers and pay the cost of your own slavery let them continue to create money and to control credit.”
Sir Joseph Stamp – Director Bank of England 1928 – 1941 (Reputed to be the 2nd richest man in England at the time)
Good Guy:
“Those not favorable to the money trust could be squeezed out of business and the people frightened into demanding changes in the banking and currency laws which the Money Trust would frame.”
Rep. Charles A. Lindbergh (R-MN)
Good Guy:
“To cause high prices, all the Federal Reserve Board will do will be to lower the re-discount rate..., producing an expansion of credit and rising stock market; then when ...business men are adjusted to these conditions, it can check … prosperity in mid-career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gentle back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation, and in either case it will possess inside information as to the financial conditions and advance knowledge of the coming change, either up or down.
This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any government that ever existed.”
Rep. Charles Lindbergh (R-MN)
Good Guy:
“These international bankers and Rockefeller-Standard Oil interest control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.”
Theodore Roosevelt
Good Guy:
“The warning of Theodore Roosevelt has much timeliness today, for the real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state, and nation... It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the public protection...”
John Hylan, Mayor of New York
New York Times, March 26, 1922
Good Guy:
Regarding the stock market crash of 1929. By the year's end 40 billion dollars exchange hands from small to mid investors to those with privilege knowledge.
“It was not accidental. It was a carefully contrived occurrence... The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.”
Rep. Louis T. McFadden (D-PA)
Mid to Late 1900s
Bad Guy:
The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson and I am not wholly excepting the Administration of Woodrow Wilson. The country is going through a repetition of Jackson's fight with the Bank of the United States only on a far bigger and broader basis.
Franklin Roosevelt
Letter to colonel Edward Mandell House November 1933, as quoted in FDR: His personal letters 1920-1945
Good Guy:
“Most Americans have no real understanding of the operations of the international money lenders...
The Accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and … manipulates the credit of the United States.”
Sen. Barry Goldwater (R-AZ)
Good Guy:
“In the United States today we have in effect two governments... We have the duly constituted Government... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved Congress by the constitution,
Rep. Wright Patman (D-TX)
Early 2000 and beyond
Mr Speaker my message to the American people
Don't let congress seal this wall street deal
These criminals have so much political power they can shut down the normal legislative process of the highest law making body in this land. All the committees that should be scanning every word of what is being negotiated are benched and that means that the American people are benched too. We are constitutionally sworn to defend and protect the republic against all enemies foreign and domestic.
Rep Marcy Kaptur
About Fractional Reserve Banking
“One thing to realize about our fractional reserve banking system is that, like a child's game of musical chairs, as long as the music is playing there are no losers.”
Andrew Gause, Monetary Historian
The third world war has already started. It is a silent war. Not for that reason, any less sinister. The war is tearing down Brazil, Latin America, and practically all the third world. Instead of soldiers dying, there are children. It is a war over the third world debt, one which has as its main weapon, interest, a weapon more deadly than the atom bomb, more shattering than a laser beam.
Regarding Education in Higher Institutions
“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it”
John Kenneth Galbraith – 1975
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Henry Ford
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