Hello I have been reading these forums for a while. And want to explain how through inflation and deflation a few people have made are making money and will carry on doing so. I want to explain how our money is created explain Central banks and how our governments buy money. Starting with North America and it's federal reserve. The fed has a HUGE part to play in our world as the dollar is the world's reserve currency.
You may hear in the news about Ben Bernanke and the fed, like how every few months he raises the debt ceiling for the U.S. Government and other fun stuff. When the U.S. Government needs money it doesn't go to the treasury and start up the presses, it asks the Federal Reserve Bank for a loan and the fed then goes to the treasury and starts the ol' printy printy.
America doesn't create it's own money they loan it off the fed and like all loans it has interest. For every dollar created the U.S. Pays 5 cents interest. Why would the U.S. government want to give control of money creation to the fed. The Federal Reserve sounds quite official and governmenty enough.
The fed was created on December 23rd 1913 when Woodrow Wilson signed away America. There was a crash in the stock markets in 1907. After this the lovable rascal J.P. Morgan and his merry band saved all the banks some smaller ones were lost and they then recommended a central bank would be able to control money supply expanding and contracting to aid in giving the market more liquidity and protect against speculators from manipulating the market.
I hate to do this but yes a wiki link explaining the 1907 crash
en.wikipedia.org/wiki/Panic_of_1907
It turns out the stock market manipulators sometimes referred as the money trust, like in the G. Edward Griffin Video. J.P Morgan and Co had people sitting on the board of directors of 112 corporations with market cap of 22 billion dollars. The total value of the NYSE was 26 billion dollars. If the old swine looked like the monopoly man and splashed the cash like the monopoly man it's because he was the friggin monopoly man
A link of the Pujo report after the 1907 crash, consolidation of power and wealth.
www.scribd.com/doc/34121180/Pujo-Committee-Report-Report-of-the-Committee-Appointed-Pursuant-to-House-Resolutions-429-and-504-1912-1913-Pujo-Committee-Report
So after 'saving' the banks and recommending a central bank to stop the money trust. It turns out J.P. Morgan and Co ARE the friggin money trust.
So the creation of the Federal reserve can surely only be a good thing right?
Heck even the president Woodrow Wilson thought it was a groovy lil idea so he signed the federal reserve act. In fact he loved it so much he once said after the act :
"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom."
quotes.liberty-tree.ca/quote/woodrow_wilson_quote_57f1
Heh :P
hope you all like this heartwarming walk through history got ahead of myself quoting Woody there but anyways. Well with these crashes the American people were becoming more receptive to the idea of central bank to stop all those stock panics.
Now on to the creation of the bank well there's
G. Edward Griffin-
The above video is overview of the Jekyll island meeting, the planning of the central bank.
This wasn't the first time that big money attempted to install a central bank in North America. Here's another video gets depressing writing all this stuff out it's got cartoon characters and with the aid of time travel the good guys win. And yes he does save his dog.
heck have a look at the videos on to the right hand side.
So the public being sweetened laid a nice island retreat with fiscal domination on the agenda. They just needed to pick a day. Probably best to do something like this when no one is in congress so during the christmas recess the act was signed. The Federal (sounds governmenty) reserve (backed by gold silver ?) system( don't call it a bank) and so on the 3rd or 4th attempt the Rothschilds, Lazards, Loebs, Kuhns, Warburgs and other Private banks created another central bank to Inflate and deflate the wealth of another nation.
So with the fractional reserve monetary system it took till 1971 for nations to realize the inflation might be a little nutty we want to convert our dollars into gold. Well because of this wonderful Fractional system there wasn't enough gold. With trade deficits and gold/dollar coverage down to 20% President Richard Nixon said balls to that and cancelled the ability to switch your dollars for gold.
So the dollar isn't backed by gold It's a Fiat currency.
A fiat currency has no value, it's not backed by anything other than the government saying yeah this piece of paper is worth whatever now go forth and spend. Now we have a central bank as a matter of fact it's been knocking around since big willy patterson in 1694 decided to keep the plebs in eternal debt. That was passed through the commons in a dodgy way as well. Gordon brown sold our gold so who knows what our gold coverage is.
Here's a link giving a basic view of the lunatic fiat system those graphs at the bottom don't look so hot do they ?
www.marketoracle.co.uk/Article8100.html
Also there's the teeny tiny problem of the dollar being the worlds reserve currency. Heard all the recent talk china and Russia trading with their own currencies the imf wanting a basket of currencies. Heck even in America they're using pesos near the border euros in washington
www.connectmidmichigan.com/news/story.aspx?id=481793 www.connectmidmichigan.com/news/story.aspx?id=482130
Wanted to do more but meh watch the vids. Should've finish this with some epic Jefferson quotes, that dude knew the score.
Through inflation and deflation Consolidating their wealth whiles fleecing the common folk.
Through the fractional system making money worth nothing (fiat money)
How does everyone feel about the privately owned central banks loaning governments money and collecting through taxes ?