Tuesday, July 08, 2008

An Illustration Of Just How Immersed The Criminal Federal Reserve Bank Is In Our Economy & Why It Will Be So Difficult To Abolish

Throughout the past Century, there isn't an organization in any country that has had more effective public relations than the privately held and Illuminati owned and operated Federal Reserve Banking cartel -- A central bank which not only prints currency out of thin air (effectively destroying its value), but also illustrates that because the United States economy is controlled by a central bank, that this government cannot possibly be Democratic. Only socialist/communist types of governments have central banks which are used to control their economies. And the graduated system of taxation which the U.S. Federal Government uses to tax the American worker, is based on Communism and in fact taken directly from Karl Marx Communist Manifesto.

The Federal Reserve's role as central bank in the United States is nothing but an abjectly criminal and treasonous fraud, which has been used to steal trillions of dollars from the American workforce since 1913.

So is it any wonder why Congressman Ron Paul has called for the abolition of the Federal Reserve Central Bank and its IRS bag man?

The Fed is planning to protect home buyers? This is a blatant lie. The truth is that the Federal Reserve is responsible for the debacle which the U.S. housing market presently finds itself in. The following article is indicative of how through well designed public relation's campaigns, the criminal Federal Reserve Bank has been perceived by the American people, as an important part of the their lives; when in reality, the Federal Reserve, through its counterfeiting operations is responsible for most of their problems.

How many of you were surprised a few paragraphs back to learn that the Federal Reserve Bank and the graduated system of taxation within the United States are based not on capitalism, but instead socialism (communism)?

Likely, most if not all of you.

As Americans we have all been lied to by a pack of treasonous thieves whom through the "fractional lending" banking industry, have stolen our country out from under us. From the moment in which America went off the gold standard (1913), any person in this country who has borrowed money to purchase a home, car, or anything of intrinsic worth, has paid for these items with counterfeit currency.

Currency printed out of thin air, which is based on nothing. In fact the situation has become so awful, that the Federal Reserve Bank no longer publishes information regarding the M3 money supply. The reason for this is that the Federal Reserve is pumping so much of this counterfeit money into circulation that it has practically destroyed the value of the dollar, which is now worth about two cents of the original hundred that it was when first created in 1913. And they don't want you to realize that they are responsible for destroying the value of your currency, because since the Federal Reserve illegally took over the coining of money in this country, they went off the gold standard, allowing for the rampant inflation which is responsible for the gross devaluation of your dollar.

And do you know where your gold is? It's no longer in the U.S. Treasury's Fort Knox, Kentucky location. Instead of being where it should be, the Federal Reserve Bank now lists your gold on their balance sheet. And they claim that they are holding on to it as collateral for the money that the Fed claims that we as a nation owe it on the national debt.

A debt that we would not have if the U.S. Treasury was printing currency interest free, and based on the gold bullion which was once in Fort Knox.


So as Americans, we must also ask ourselves, exactly why is it that we are allowing a privately held organization like the Federal Reserve Bank, to print our money for us at usury interest rates which are unconstitutional, when the U.S Treasury could be printing this money interest and debt free?

Moreover, exactly how is it that we as a country can owe a counterfeiter like the privately held Federal Reserve anything, when by merely printing counterfeit money, they are involved in a criminal act?

The truth of the matter is that the Federal Reserve Bank has looted the U.S. Treasury and stolen the American people's gold bullion from them.

The following are two of the best articles that you will ever read on the Congress orchestrated tax fraud which has allowed the IRS and Federal Reserve Bank to steal trillions of your hard earned dollars:

Grandfather Economic Report series :


Before the Income Tax, by G. Edward Griffin:


**** The following's an illustration of how the U.S. media disinformation system portrays the criminal Federal Reserve Bank as a legitimate part of the U.S. economy. However, it never has been; nor will it ever be.

Fed plans new rules to protect future home buyers
Jul 8, 9:46 AM (ET)

) - The Federal Reserve, trying to stabilize a shaky U.S. financial system, may give squeezed Wall Street firms more time to tap the central bank's emergency loan program, chairman Ben Bernanke said Tuesday.

And, in an effort to prevent a repeat of the current mortgage mess, Bernanke said the Fed next week will issue new rules aimed at protecting future homebuyers from dubious lending practices.

The rules will crack down on a range of shady lending practices that has burned many of the nation's riskiest "subprime" borrowers - those with spotty credit or low incomes - who were hardest hit by the housing and credit debacles. The plan would apply to new loans made by thousands of lenders of all types, including banks and brokers.

It would restrict lenders from penalizing risky borrowers who pay loans off early, require lenders to make sure these borrowers set aside money to pay for taxes and insurance and bar lenders from making loans without proof of a borrower's income. It also would prohibit lenders from engaging in a pattern or practice of lending without considering a borrower's ability to repay a home loan from sources other than the home's value.

In an extraordinary action, the Fed in March agreed to let investment houses go to the Fed - on a temporary basis - for a quick, overnight source of cash. Those loan privileges, which are supposed to last through mid-September, are similar to those permanently afforded to commercial banks for years.

"We are currently monitoring developments in financial markets closely and considering several options, including extending the duration of our facilities for primary dealers beyond year-end should the current unusual and exigent circumstances continue to prevail in dealer funding markets," Bernanke said in prepared remarks to a mortgage-lending forum in Arlington, Va.

The Fed's decision to act - temporarily at least - as a lender of last resort for Wall Street firms was made after a run on Bear Stearns pushed the investment bank to the brink of bankruptcy and raised fears that others might be in jeopardy. It was the broadest use of the Fed's lending powers since the 1930s.

Bear Stearns was eventually taken over by JPMorgan Chase & Co. (JPM), with the Fed providing $28.82 billion in financial backing.

Those controversial decisions have drawn criticism from Democrats in Congress and elsewhere that the Fed is bailing out Wall Street and putting billions of taxpayer dollars at risk.

Bernanke, in appearances on Capitol Hill has said he doesn't believe taxpayers will suffer any losses.

In his speech Tuesday, the Fed chief defended those actions anew. If the Fed didn't intervene, he said, problems in financial markets would have snowballed, imperiling the country.

"Allowing Bear Stearns to fail so abruptly at a time when the financial markets were already under considerable stress would likely have had extremely adverse implications for the financial system and for the broader economy," Bernanke said to the mortgage forum, organized by the Federal Deposit Insurance Corp.

The Fed's consideration of giving Wall Street firms more time to tap the Fed's emergency loan program is part of an ongoing effort by the central bank to bring back stability to fragile financial markets and help to bolster shaky confidence on the part of investors.

Policymakers - in the White House, in Congress and other federal agencies - will need to work together to come up with ways to make the U.S. financial system more resilient and stable and to prevent a repeat of the types of problems that brought about the end of Bear Stearns, an 85-year-old institution, Bernanke said.

Although those efforts are already under way, it will fall to the next president and next Congress to settle them.

The Bush administration has proposed revamping the nation's financial regulatory structure. That plan would make the Fed an ubercop in charge of financial market stability. But the Fed would lose daily supervision of big banks. Bernanke said the Fed must maintain this power if it is to be an effective overseer of financial stability.

The Fed, which regulates banks, and the Securities and Exchange Commission, which oversees investment firms, announced an information-sharing agreement on Monday aimed at better detecting potential risks to the financial system.

Over the longer term, though, Congress may need to adopt legislation to bolster supervision of investment banks and other large securities dealers, Bernanke said.

Bernanke recommended that Congress give a regulator in the future the authority to set standards for capital, liquidity holdings and risk management practices for the holding companies of the major investment banks. Currently, the SEC's oversight of these holding companies is based on a voluntary agreement between the SEC and those firms.

"Strong holding company oversight is essential," he said.

Bernanke also said that a growing number of central banks in recent years have been given the statutory authority to oversee systems for processing financial transactions by securities firms as well as overseeing traditional banking transactions. "A strong case can be made for granting the Federal Reserve explicit oversight for systemically important payment and settlement systems," he said.

And, the Fed chief favors looking into an idea - raised by Treasury Secretary Henry Paulson - to create formal procedures to make sure that if an investment firm fails it won't wreak havoc on the broader economy. Such procedures, which allow for a more orderly liquidation, are in place for banks.

The housing, credit and financial crises have bruised the economy. Growth has slowed and employers have cut jobs every month so far this year.

Bernanke said that "it is unrealistic to hope" that financial crises can be entirely eliminated, while maintaining an innovative financial system. "Nonetheless, recent experience has illustrated once again that financial instability can have serious economic costs," he said.
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