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The scam of the federal reserve system is explained most clearly in the book from G Edward Griffin The Creature from Jekyll Island. This is an amazing book: if you don't believe me, look at the rating on amazon with 1400+ reviews.
All of you questions answered:
The Creature from Jekyll Island: A Second Look at the Federal Reserve
It's here to stay. This I agree.
The rest I absolutely don't agree with. DYOR and read books like those. The history of modern money (read starting from the 18th century), is written by manipulators and the worst of humankind. It didn't start with Crypto.
The guy responsible for the famous Yuri Bezmenov interview is none other than G. Edward Griffin, author of The Creature from Jekyll Island -- the book responsible for redpilling an enormous amount of people on the Federal Reserve.
Best thing I've heard so far.
Start with "The Creature From Jekyll Island - 5th Edition.
Work your way back through 300 years of banking history, and see the fight we are in for.
(And yoga is bullshit. I prefer 80s video games)
Then go read The Creature From Jekyll Island if you want to understand which bankers from the wealthiest families conspired in secret to create and benefit from our current monetary system. It will change how you view the world!
Start with this book
Even though its a long book, it kinda only scratches the surface, simply because there is so much. Use the references in the book to go deeper down the rabbit hole. Even though the Fed use to try to keep things as secretive as possible, there is still a lot leaked publicly, such as their group called the Fabian society to what policies they enforce on the UN to how they dictate the moves of the IMF, etc etc. Once you know the key locations of where to look for research purposes you’ll easily be able to conduct your research. There are a lot of conspiracy theories out there as well, so my advice to that is if you can’t back up or prove anything by strict facts that are documented, don’t listen to it, don’t try to analyze it. Fake information is one of the key factors of how no one is really able to do anything about it, but for the sake of wanting to know strict truths don’t assume that something is being done all because it sounds like something sketchy bankers would do. Only focus on the strict documented facts. Good luck and have fun with it.
Hah. Too wrong. Does the whole federal as federal express go over your head? You know why the libertarians don't like Woodrow Wilson, don't you? Don't back the creature from Jekyll Island..
“Why does fiat money always eventually fail?”. Would start with history of “money”, formation of Federal Reserve in 1913. (Which is not “Federal” or a “ Reserve”.)
Read “Creature from Jekyll Island” https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
And then touch on govt debt, money printing, inflation, etc… if u want ro go deep, also read about the Gold standard, Austrian economics (not taught in most schools).
I recommend people read The Creature from Jekyll Island because that guy is only 80% right, but his conclusion, the final 20%, is completely off the mark. The US didnt coopt the central banking model, it was defeated by it, and is now the puppet vehicle to impose it upon other countries. England underwent the same process before it. We've seen it before. The UN, IMF, World Bank, and other new institutions evolved as did the model of control. But the people who literally conspired to economically conquer America didn't just relinquish control and hand the keys of the kingdom into the hands of the government.
I won’t be able to articulate as well as this book but essentially this instituted a system in the US for a bank to lend out money to the government which didn’t exist before. More money in the economy -> inflation. It was a little better back when it was backed by gold but the fed coming off the gold standard was no accident.
It's not just young people. You've heard of coin clipping, right? The ancient practice where rulers would periodically seize and process the coins in their land, melting them down and reminting them with the same denomination, but created slightly smaller, slightly less pure, slightly thinner, with a hole in the middle, etc. This allowed them to make more coins than before - and they got the first
Inflation is the same thing done in a sophisticated manner. They've simply don't have to seize the existing currency to remint it. They can simply make more. And by utilizing Cantillion effects, get the first benefit of that new money.
This isn't some conspiracy theory. It's happened throughout history. It just takes a slightly different form now.
Though if you do want to talk actual banking conspiracies, read The Creature From Jekyll Island sometime.
Only problem, is that it wasn’t Russia who started the Socialist/Communist agenda in the US.
I’d suggest reading this book:
“The Creature From Jekyll Island”
by Edward Griffin
> but don't start acting like 2% average inflation and a central bank is the same as getting whipped by your master because you are a subhuman.
You massively fail to understand how banking works then, and why its evil.
I suppose that is its greatest success. At least people can understand abject slavery; its simple and direct. Fiat is less direct; its suborning the money system you use to communicate your values to others. Think about your work. Think about the work other people do; how they spend their lives. If you could create and destroy money at will, think of how much power over others that would give you?
Do you really think you are just going to quietly pay yourself 2% of what everyone owns and not try to exercise that massive power? Not try to change the world? Not try to crush your enemies?
I wonder if you can grasp how insane the structure of our economy is today. Why are most people "employees" and not their own independent business? Why are bloated inefficient megacorps dominating industries with the highest prices and lowest quality ?
For some reason people cannot seem to grok the evils of central banking, despite the world wars and ongoing destruction of the environment, the ceaseless indoctrination and attacks on freedom.
For me, the greatest loss is the lost potential. Human society would be exploring the cosmos by now, instead of living in a dystopian cyberpunk society. Central banking is a central tenet of Communism. I would say it is the worst evil in all of human history bar none.
I have a book recommendation "libright": https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
calling people nazi, anti-semite, fascist, holocaust-denying, or antivaxx isnt the dunk you think it is either. you clearly demonstrate an obvious overreliance on ad hominems in place of substantive arguments. you should read a book. try this one
Haha, this gave me a good laugh. Inflation is here, and it isn't going away. Interest rates can't be raised as there's neither the political will or actual ability to do so; debt would be unserviceable.
Do not believe anything the Fed says, they are a cartel, and they've created this mess. Do yourself a favour and read this:
Pretty sure it was a lot more than that.
This was planned from the get go, ever hear of Jekyll island?
The Creature from Jekyll Island: A Second Look at the Federal Reserve https://www.amazon.com/dp/091298645X/ref=cm_sw_r_awdo_navT_a_1V7NMDR5E7SZVBVAP7YA
How do you feel about Woodrow Wilson? What about his buddy Colonel Edward Mandel house (he wasn’t a colonel)?
To everyone who hasn’t read it:
It’s a long book. It’s daunting, at first. But just do it. Buy it and read it. You’ll learn things you never knew and you’ll be a better person for it.
It’ll cost you one ounce of silver from Amazon. I implore you to make the investment in cash and time - you won’t be disappointed.
Banks exist outside of government, yes, as there is a need for loans and other various services that banks provide. However the Federal Reserve was not created out of this basic premise. It was a cabal of bankers around the end of the gilded age that sought to take control of the US's money supply. Books like Creature from Jekyll Island are where the substance of the video come from. The founding fathers were against central banks, and never would have supported the system the USA has today (or most countries). The only thing the federal reserve/central banking system insures is increasing debt and declining purchasing power.
edit: spelling + clarification
>For people to "get" crypto they must first understand the problems fiat money
This is the book that made it click for me. The Creature from Jekyll Island: A Second Look at the Federal Reserve Most eye opening book I've ever read.
The Creature from Jekyll Island is my favorite political book ever. Would recommend anyone to read.
Indeed; that is partially the reason why I'm such a fan of Teddy Roosevelt's bull-moose party- https://en.wikipedia.org/wiki/Progressive_Party_(United_States,_1912).
The platform was, centrally, rooted in a drive to break up the partisan duopoly (which was being exploited, then as happens now, by corporate interests to undermine the Republic).
That Teddy Roosevelt created that party partially in response to JP Morgan's actions related to the panic of 1908 (where Morgan cornered the Knickerbocker Trust into a bad bet on the steel market in New York, which resulted in a bank run, only for Morgan to come in with his private capitol and "save" the banking system) is quite telling.
That such a system, akin to the 3 previous attempted at installing a central bank (the last one having been abolished by Andrew Jackson during the "Bank Wars" of the 1860s) was formally adopted by Wilson's Secretary of the Treasury (Nelson Aldrich) in 1912 following a secretive meeting at Jekyll Island off the coast of Georgia, is perhaps a further testament as to why Teddy was doing everything in his power to prevent Woodrow Wilson (or Williams Jennings-Bryan) from coming to power in that election.
That someone tried to shoot Teddy Roosevelt on the campaign trial that year, only for him to deliver a speech that same day (with the bullet lodged within him) while proclaiming himself "fit as a bull-moose" is also a nice touch of cosmic irony.
For anyone interested, this book ("The Creature from Jekyll Island") is a great resource on the topic of what Morgan and Aldrich created after Wilson defeated Roosevelt in 1912- https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
*Edit- fixed broken link
The US went off the Gold Standard with Nixon. Our currency is FIAT Currency, backed by nothing but our promise to pay. Not much when compared to a Gold Backed currency. Usually Fiat Currencies flame out fast, but it didn't this time, and that is because of the deals made with the Middle East that OIL can ONLY be PURCHASED with either U.S. Dollars currency or the British Pound. (Enter the PetroDollar) So you want OIL for your country? Guess, what? You have to exchange your currency into U.S. Dollars. This creates an artificial demand for our flimsy fiat currency, and this demand staved off its CRASH to date. There is always a demand for OIL, so there is always a demand for the U.S. dollar. Consequently the US Dollar has always been a traditional stable safe haven currency. (The last thing anyone wants, is, to have all their paper assets in in a currency that has crashed and is worthless.)
Enter former CIA asset gone rogue Saddam Hussein, threatening to sell his OIL with other currencies. Enter "Shock and Awe" invasion of Iraq......supposedly to find weapons of mass destruction, but they never found any.....oh yes, and 911 which Iraq had nothing to do with. IT WAS CURRENCY THREAT. This was the REAL reason for that invasion. invasion complete and Iraq is back to only accepting U.S. currency for their oil.
Daffy Qaddafi (Lybia) was going to do the same thing.....and he is GONE now! Remember Hellary's joke "we came, we saw ....and he's gone! Ha, Ha."
Message to the world??? You don't mess with the stability of the U.S. Dollar.
Enter China, now introducing the first GOLD Backed Currency. Now what? Will people flood to it and cause the U.S. fiat currency to crash??
Its a high risk move by China, who now has their own Million man army and subs, and satellites, and ships, etc.
The Federal Reserve The Engine of POWER:
The Creature from Jekyll Island: A Second Look at the Federal Reserve
Youtube: The Creature From Jekyll Island (by G. Edward Griffin)
I bet most Americans do not know the Federal Reserve is a private banking cartel (Its as "Federal" as Fedex) and your personal income tax was implemented around the same time in 1913... Must be a coincidence right?
This book should be mandatory reading in high school. Take the red pill... https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
There’s a GREAT book on this subject called the Creature From Jekyll Island. Worth the read folks… https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
Hi, i would recommend "the hidden secrets of money" series on youtube:
The book "creature of jeckyll island":
Amazon link to the book for anyone interested. It's a fascinating read.
I'd like to recommend a book to understand just how screwed we are.
If you would like some light reading material about how our money was created.
I highly recommend <em>The Creature from Jekyll Island</em>.
A great example of this described in the book is the very close relationship in the 1920's between Fed chairman Benjamin Strong and Bank of England governor Montagu Norman. After WWI, the British economy was poor and they owed a ton of money to US banks that had funded the war. Strong used the Fed to create easy credit, fueling the roaring 20's and increasing inflation with the goal of devaluing the dollar and strengthening the pound (and which, ultimately, helped create the conditions which caused the 1929 market crash and great depression).
This is described here and also in Rothbard's <em>America's Greatest Depression</em>. Hundreds of letters from Strong to Norman can be read here
An excellent answer has already been given by /u/clandestine8
Two excellent books about it:
The creature from Jekyll Island by G. Edward Griffin.
Economic Solutions by Peter Kershaw.
Anyone commenting on the Fed and its perniciousness needs to read this book
You dont have to buy it from Amazon, just linking the quickest place to find it. lol. But its a MUST read to understand the Fed and its Evil, and it will also illustrate much of the Evil behind what POTUS and Q are fighting.
ETA: +++ plays a big role in the behind the scenes, and there are many ties to many other prominent families as well.
One of the best books to help understand the broken monetary system: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X/ref=sr_1_1?crid=1RKP5VDXM2K8I&dchild=1&keywords=creature+from+jekyll+island&qid=1625836041&sprefix=creature+from+je%2Caps%2C159&sr=8-1
The (centrally planned or triggered) crises started with the establishment of the Federal Reserve at 1913.
Markets naturally have ups and downs due to various interplay between supply and demand for goods and technological innovations. A stated goal of the Fed is to smoothen ups and downs which is not possible and to maintain general inflation at a low +ve value which is absurd given the nature of markets.
The 1929 crisis and all most other crises after 1913 were due to the direct policies of the Fed and their devaluation of the USD.
Warren is not the authority on the Fed and our Fed guided economy. Read Edward Griffin's "Creature from Jekyll Island" for an in-depth understanding of what is happening with our central bank.
For a more popular introduction, Mike Maloney's money series is nice: https://www.youtube.com/watch?v=DyV0OfU3-FU
EDIT Added amazon link for the book. Didn't realize that 'Creature from Jekyll island' is the #1 best seller under "Banks & Banking" category. Liberty is more popular than ever and winning :)
It's simple pattern recognition.
And that guy is probably referring to these two books:
For those that have read the book The Creature from Jekyll Island will know what the CRF is. Popcorn CEO, AA is a member. That tells me all I need to know about him and Popcorn.
Read this, friend.
Libertarian here. If you are actually curious, this speech gives a little bit of insight. Notice there's no mention of Jews or race at all. In fact, he advocates that the audience read Mises and Rothbard - two Jews - and their views on the Fed.
In addition, the book The Creature from Jekyll Island shows some of the backroom deals involved with creating the system to avoid democratic debate over it.
The aversion of many to the federal govt goes back WELL before the confederacy. It is basic opposition to centralized authority that the anti-federalists had back at the founding. In fact, many opposed centralized authority and specifically used things like the later Fugitive Slave laws as an example of the abuse of states rights to enforce slavery at the national level.
As for the Federal Reserve, essentially, it is a legal cabal of private banks that have the legal monopoly authority to issue new currency. Prior to the Fed, if banks loaned out a lot more money than they actually had in reserve, too many depositors might ask for their money and show that the bank didn't have enough money. This could cause a small panic as people feared losing their money, so a run on the bank to remove money would take place. While it was unfortunate, this was a check that kept banks from essentially carrying out fraud, promising to keep your money safe, but instead loaning it all out to others. The banks and its leaders like JP Morgan didn't like this limitation and the risk associated. So they pushed for the legalization of this cabal that would have the ability to lend money to banks that overleveraged themselves and ran out of money to give depositors.
One of the biggest modern complaints of the federal reserve: That it effectively bribes the national govt with money that allows the federal govt to finance all their spending and special projects, including war and other corrupt actions beyond what the citizenry would actually support and the rich and wealthy accepts inflation as a reasonable consequence of the payouts they get. After all, inflation doesn't affect them that much. But it MASSIVELY impacts the poor, low skilled workers, and those on fixed income.
While I'm sure there are some racist/antisemites that blame Jews for banking or whatever, the vast majority of libertarians despise the Federal Reserve because it benefits the rich and politically connected, enables the govt to continue its worst corruption and abuses, and harms the poor and marginalized.
After reading The Bitcoin Standard, if you want to know why we're in the mess we're in and ultimately why Satoshi created Bitcoin: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
Say less, https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X/
Inflation is a tax to balance the losses of banks. The Creature from Jekyll Island: A second look at the Federal Reserve
This explains quite a bit of it fairly well.
I can keep going. You get it, I read a lot and it turns out America has been the bad guy for quite a while. Not to imply there is a good guy anywhere, but we should really listen to the rest of the world when they tell us we suck.
Good read if you are so inclined.
Look up a book that Amazon is actively in the process of banning. Its called "The Creature from Jekyll Island": https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
If you look closely at the listing, you'll notice they removed the Kindle version and you'll not be able to purchase the physical book from Amazon direct. At this point its only available from third party sellers.
you mean people who read history books banned from your common core education? yes, theres more and more of us every day
Free trade worked wonders for America, until this creature took over. April 15th, 1971:
"The Creature from Jekyll Island" -
My contribution to that horseshit.
(I hope we're allowed to post some links to anything anymore?..... sorry if not)
Wealth of nations is good, but thoroughly obsolete in many ways, especially in the relevant areas of pricing, value, and money. Remember, head up ass obsolete theories like marxism even reference smith.
> No, I have never wondered about credit cards.
So, if you have never thought deeply about money its no surprise that you have gaps in this area.
If you want a primer on the basic of money, Irwin Schiffs book "How An economy grows" addresses this topic very well. You can also get started with "Basic Economics" by sowell. Both should start to give you a grounding on how money works, which is a prerequisite to understanding OP's point.
After those, you can dig deeper with other works such as
And many more if you finish those.
In short; misunderstandings of what money is and how it works are the primary cause of human strife and war on this planet. The dollar system is incredibly and perniciously complex, and in comparison bitcoin is amazingly simple. It cuts right to the solution of the dollar problem.
If you don't know about these people, then you need to read this too:
One of many planned steps, the removal of the gold standard is definitely important. It more easily enables creation of money without any pretense of value, though that was always the point.
The game was set up for us to lose from the beginning. Nixon's move was a real kick in the nuts, but we were already down.
People should read this book. (Obv buy from someone other than amazon)
Except that the fed is not owned by the banks. Its owned by the Rothschilds
Edit: recommended read
The Creature from Jekyll Island
How an Economy Grows and Why it Doesn't
You must first understand money. Here is the ultimate book on our current system and how Monet is created.
I've posted it before, I'll post it again
and for those with ADD
Have you heard of The Creature from Jekyll Island: A Second Look at the Federal Reserve?
RED / LISTEN to this. over 2200 reviews. "*****"
I don’t disagree with the conclusions you’ve drawn, given your starting point. Your underlying premise simply is not true, though.
Low interest rates are a conspiracy. The conspirators are a cabal of industrialists and politicians, and they sell the conspiracy to the rest of the government by making debt operations cheap and then to the public by an increase in public services, cheaper loan rates, and a promise of growth. The growth goes to the conspirators who organized the deal in the first place, and the politicians involved get more power. Everyone gets hooked, and then people keep begging for it.
In order to disprove the idea that low interest rates are not a conspiracy, all one would need to do is show proof of a conspiracy. To that end, I submit to you one instance of international interest rate fraud that lasted at least 3+ decades
I would also advocate reading the following g book (while taking into account the author is skewed in the opposite direction you are, but the fact collection is quite good)
You’ve correctly pointed out that there is a negative trend in the ratio of profit to market cap. One could simply graph average p/e of any given index over time to see this. It does not require a research paper, and it is not a secret. Where you are incorrect is you’ve assumed profit is the only way to make money. Companies aren’t chasing profit - they are chasing cash. Money is so cheap, it is easier to get cash by leveraging the asset bubble than by making a profit.
Let’s take an example of the company everyone loves to hate - Amazon. Amazon spent years not making a profit, but growing quickly and acquiring other companies anyway. How?
Well, one is that they grew faster than their terms with suppliers, which meant that they got money first and paid suppliers later. As long as revenue grows, you have positive cash flow, and profit isn’t that important. This allowed them to invest in the business and acquire competitors rather than turn a profit.
Secondly, they use their stock to offset investment, and they manage their stock price very well. For example, when Amazon bought Whole Foods - they announced the sale in advance, and between that announcement and the actual purchase, Amazon’s market cap increased by more than the $13b they needed to buy Whole Foods. Profitability wasn’t even part of the equation.
Bezos was a billionaire long before Amazon made any significant profit, and many many many financiers also made millions upon millions on that growth.
In this model, profit is essentially a burden because you pay tax on it. Lines of credit are tied to asset prices and have stupid low interest rates, and acquisitions by stock can be like kind exchanges, so in a world of artificially low interest rates that drive up asset prices, why would anyone want a profit?
Who redpilled Ron Paul on the Federal Reserve?
G. Edward Griffin, who wrote The Creature from Jekyll Island.
>"Boomers" are entitled and lazy and think the world was complete the day they were born.
The hatred should be directed against the FED and not against boomers ...
> The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money.
On the creation of the Federal Reserve, this one is pretty good, but does border on conspiracy theory.... but the history is conspiracy worthy.
>I'm just trying to point out that a lot of bad stuff in the show is depicted as necessary and even a brave thing to do at times, which just seems wrong and brainwash-y to me. Not trying to say it's just the US, that's just the country the show is set in.
Okay, your problem with the show is that they portray an ugly reality and not how it should be in an ideal world? Is that right?
>I voted Trump and I am a Christian
Many religious cults fled to the US because they were persecuted in Europe. It's quite possible that they are more fanatical in some ways than Europeans ...
>Also, being self absorbed enough to think they're the great big debt collector of the world would be the exact sorta thing I'd imagine Trump saying, who is (imo) the imbodiment of a stereotipical US dude.
The unforgivable mistake of the USA was created on December 23, 1913, with the enactment of the Federal Reserve Act. The whole world hates the USA for it. They enslaved the whole humanity with this act.
The Creature From Jekyll Island by G. Edward Griffin. It's the story of the Federal Reserve.
Alchemist by Peter James. The only book to legitimately scare the shit out of me. It's fiction, but it's definitely something I could see happening in the real world. A pharmaceutical company engineers chronic diseases that they put in maternity drugs, which get passed to the baby, and only their patented drugs can cure.
Congratulations on the studies. Here is another book for your consideration:
Bonus redpill: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X/ref=sr_1_1?ie=UTF8&qid=1518294645&sr=8-1&keywords=the+creature+from+jekyll+island
I'll just leave this here: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X/ref=sr_1_1?ie=UTF8&qid=1516250826&sr=8-1&keywords=the+creature+from+jekyll+island
Here's a big important topic you need to get up to speed on.
The Federal Reserve:
The Engine of Power
The above is a primer.
I don't know your background if you studied business or not, this is by far the best documentation on this topic:
The Creature from Jekyll Island: A Second Look at the Federal Reserve: (Its a page turner.)
Here is the authors presentation on youtube:
Bottomline? If we never had a PRIVATELY Owned Federal Reserve Bank, we wouldn't need federal income taxes. Both enacted the same year in 1913 and they have been ripping off We The People ever since.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and 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.... I believe that 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." President Thomas Jefferson
For those who want to know how this could possibly have happened.
For those who would enjoy an amusing peek into the hilariously blatant propaganda and character assassination that awaits you, if you should ever dare to write a factual account of the founding of the Fed.
(Here’s a particular favorite of mine)
Edit: worth mentioning; I’m not selling the fucking thing. Torrent it if you want, or go to your library. It’s just a good book, and clearly someone is very afraid you might read it.
Get down in it https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X (buy it used or not from AMZ!)
That is one option. Money was originally backed by gold and silver. This prevents money being printed artificially out of thin air. If the paper cannot be backed by something of real value, then it can't be printed. And it's a better option than borrowing from a private bank at interest. But, at the end of the day, money is just a medium of exchange. Anything can do. Doesn't even have to be backed by anything. England around 1100 AD used sticks of wood, called Tally Sticks (https://en.wikipedia.org/wiki/Tally_stick).
The Federal Reserve is a private, international bank, which loans money to the US at interest. They are not part of our federal government in any way, shape, or form. We cannot see their books. There is no transparency and we have no idea what they are doing. We have to take their word when they us what they are doing.
But, the real question is: Why borrow money at interest, when we can print and regulate it ourselves? If we can print and regulate our own currency, we won't need to borrow it, at interest, and accumulate debt. We did this for over a hundred years, and it worked great.
Read this book, it'll help clear up the Fed: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X/ref=sr_1_1?ie=UTF8&qid=1471144484&sr=8-1&keywords=the+creature+from+jekyll+island
Then here is a book for you to read: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X/ref=sr_1_1?ie=UTF8&qid=1469711949&sr=8-1&keywords=the+jeckyl+island
A book for you to read, ignorant: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X/ref=sr_1_1?ie=UTF8&qid=1469711949&sr=8-1&keywords=the+jeckyl+island
Switzerland Follows Iceland In Declaring War Against The Banksters
Above Photo: From WakingTimes.com.
“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.” –Josiah Stamp.
Iceland has gained the admiration of populists in recent years by doing that which no other nation in the world seems to be willing or capable of doing: prosecuting criminal bankers for engineering financial collapse for profit.
Their effective revolt against the banking class, who drove the tiny nation into economic crisis in 2008, is the brightest example yet that the world does not have to be indebted in perpetuity to an austere and criminal wealthy elite.
In 2015, 26 Icelandic bankers were sentenced to prison and the government ordered a bank sale to benefit the citizenry.
Inspired by Iceland’s progress, activists in Switzerland are now making an important stand against the banking cartels and have successfully petitioned to bring an initiative to public referendum that would attack the private banks where it matters most: their power to lend money they don’t actually have, and to create money out of thin air.
“Switzerland will hold a referendum to decide whether to ban commercial banks from creating money.
The Swiss federal government confirmed on Thursday that it would hold a plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system.
The campaign – led by the Swiss Sovereign Money movement and known as the Vollgeld initiative – is designed to limit financial speculation by requiring private banks to hold 100pc reserves against their deposits.” [The Telegraph]
Switzerland is in a key position to play a revolutionary role in changing how global banking functions.
In addition to being the world’s safest harbor for storing wealth, it is also home to the Bank for International Settlements (BIS), a shadowy private company owned by many of the world’s central banks, and acting as a lender to the central banks. [https://www.bis.org/]
The BIS is the very heart of global reserve banking, the policy that enables banks to lend money that does not actually exist in their bank deposits, but is instead literally created electronically from nothing whenever a bank extends a line of credit.
Reserve banking is the policy that guarantees insurmountable debt as the outcome of all financial transactions.
The Sovereign Money initiative in Switzerland aims to curb financial speculation, which is the intended and inevitable result of reserve banking, the tool that makes financial adventurism possible by supplying the banks with endless quantities of fiat money.
Limiting a bank’s ability to produce money from nothing would be a direct blow to the roots of the banking cartel, and would cripple their ability to manipulate the world economy.
Here’s how it works, in rather simplified terms:
“…if we had access to the same computer terminals the banks have, we could magic in or out of existence all the imaginary stuff we are trained to think of as important – money – in whatever quantities we liked.
This is how it works: when they print quite a lot of this stuff there is a boom. When they print too much of it, there is inflation (actually, the printing of money is inflation). When they stop printing it or simply hold on to it, there is a depression.” [https://www.rt.com/op-edge/327191-switzerland-money-banks-ban-referendum/]
In Switzerland, 90% of all money in circulation is electronic, and for this, The National Bank of Switzerland has become the direct target of the Sovereign Money Campaign.
Swiss law has in the past required required banks to back all currency creation with collateral assets like physical silver or gold, however in recent decades the climate has changed, and, “due to the emergence of electronic payment transactions, banks have regained the opportunity to create their own money.”
The grass roots campaign said in a public statement regarding the intentions of the referendum, “banks won’t be able to create money for themselves any more, they’ll only be able to lend money that they have from savers or other banks.”
This is an interesting twist in the human saga of man vs. banks, and while it remains to be seen if the referendum passes or not, it must be pointed out that it does have its own problems, articulated by Sam Gerrans:
“… it does say that the central bank should be given sole right to create money.
This would essentially leave the creation of money in the same hands as those who control the Federal Reserve or the Bank of England rather than allow them to farm out the process.
But at least it shows that people are beginning to wake up to where the true power lies.
In the unlikely event that this grass-roots movement in Switzerland should get its way and its proposed legislation be enacted, and then begin to morph into something which really does threaten the banking elite, we must not be surprised if Switzerland is shortly discovered to be harboring weapons of mass destruction, or to have masterminded 9/11, or to be financing Islamic State.”
Part of the cultural conditioning of our time is an ingrained, pre-assumed dependency on sacred cow institutions like banking.
Just like it is impossible for most Americans to envision a world without Democrats and Republicans, it is difficult for most people to imagine a world without predatory global banking.
Yet, there are a number of other possibilities for trading, storing wealth, and facilitating development in the world.
This is not the only economic system we can imagine, and as Iceland has proven, people can regain control of their collective wealth, so perhaps this revolution will foment further in Switzerland, presenting a chance to at least bring greater awareness to the truth about central banking.
Maybe this will help...
Time for some homework.
I’ll give you my favorite: The Creature from Jekyll Island: A Second Look at the Federal Reserve
It’s a must read in my opinion. Long, but well worth it. Don’t waste your time with other books on the subject like “End the Fed” by Ron Paul. This book blows it out and is very comprehensive. It’s read like a story also, which makes it easy to read.
Also, take your pick from Mark Levin. I’d recommend picking any single one of his books that interest you.
> You don't seem to realize that a "civilized, peaceful and free society" is made possible by a competent government, paid for by taxes.
To be perfectly honest, I don't consider our world "civilized, peaceful, and free" because governments have done such a good job. Quite the contrary. Just last century, RJ Rummel estimates that around 250 million people were killed by their governments in peacetime (does not include WW1, WW2, or other large-scale violent conflicts). Major sources of "democide" include mass starvation campaigns in the USSR and Maoist China, and through many other ways. Whatever peace and freedom exist in the world today is despite governments, not because of them.
> Have you ever looked into the history of the FDA or EPA or many other gov. agencies?
Yes. They are usually created by corporate pressure to insulate big business from competition through a habit known as regulatory capture. The Federal Reserve System, for instance, was clearly a cartel created by JP Morgan and other bankers. They are ostensibly created to "aid the public interest" but all my knowledge of US history and my understanding of public choice theory invalidates that perspective. Governments are essentially criminal syndicates that are built and supported by a corporate ruling class who use federal agencies to protect themselves at the expense of taxpayers and their competitors.
> If a salesman started a business selling useless snake oil as a cure-all would you laugh at the unsuspecting customers as it is their stupid fault? How about if companies dump toxic sludge into a river by your house? Is this not your problem to clean up?
You are arguing fallaciously. "That I have no knowledge of a product's safety" doesn't follow from "there is no government-created product safety agency." You are precluding market and reputation-based systems of ensuring product safety.
If the government operated a shoe monopoly, the alternative to that arrangement is not "everyone now needs to make their own shoes."
Do people not have access to Consumer Reports or the Good Housekeeping Seal or Underwriters Laboratory or the Non-GMO Project in your region? Product safety does not need to be a government monopoly.
> The point is that we live in society that is interconnected, whether you like it or not. You've been made complacent by the fact that the system works as well as it does.
I've never argued we're not interconnected. I am a big advocate for the international division of labor. What I object to is that everyone lives in little fiefdoms ruled by criminal groups called governments and that people believe all the bullshit they are fed in 6th grade social studies classes: that taxes aren't theft, that conscription isn't slavery, that war isn't murder, that printing money isn't counterfeiting, etc. The government somehow gets a pass for all the terrible stuff it does, because none of us would be alive (!) somehow without it.
> I think your worldview is very naïve.
You are not the first, nor will you be the last. I think your worldview is naïve, frankly, because it seems you have never really considered the anarchist perspective but have simply trusted that legal monopolies have everyone's best interests at heart.
I suggest you look up the definition of fiat money and then look into the Bretton Woods agreement and The Nixon Shock of 1971 and then the Saudi Arabia deal that gave birth to the Petrodollar along with all OPEC nations that followed.
Pick up a copy of this book:
The Creature from Jekyll Island: A Second Look at the Federal Reserve https://www.amazon.com/dp/091298645X/ref=cm_sw_r_cp_apa_YZtdAbWEM8YPB
This book is THE history book on the Federal Reserve. Read it and prepare to get your mind blown.
To put it simply: conspiracies do exist.
A much better book is "The Creature From Jekyll Island"
I'd suggest you read The Creature from Jekyll Island. It'll explain the interminglings of Wall Street and the Federal Reserve. That, coupled with deregulation, inevitably lead to the crash. It's not the first time it's happened, and likely won't be the last. This one just so happened to be exasperated by the repeal of Glass-Stegall.
I highly recommend the creature from jekyll island, very interesting topic and it reads well enough that it flows as a novel.
And since the Federal Reserve was created in the US we've had two depressions that wiped out wealth. If the goal of the Fed is (as you seem to think) to stabilize the economy and protect the masses from financial calamity then they've failed miserably at that as well.
You know what has happened since the Fed was created? ... a massive transfer of wealth from the lower and middle class to the top .1%. The income gap just continues to go up and the wealth at the top continues to grow. Inflation tends to do that, and since we have a government ruled by the ultra wealthy it should be no surprise at all that the government takes actions to benefit those people.
Have you ever read the history of the Fed? Who created it, how they went about doing it, how the bill was passed to create it? It was a fascinating conspiracy.
Your a damn fool. Believe what you want to believe.
I bet this is your source. Right. Like these people owe your simpleton pothead ass an explanation? lol
Read this book you jack ass! https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
Wake up! your in dream land.
Actually there is a brilliant book that everyone should read, which you might have heard of:
The creature from Jekyll Island
You will find that this is in fact not the first time the bailouts have happened. The author has done some wonderful research to show how this cycle has played out ad nauseam. In fact it is in chapter 2 itself. I encourage you to read it.
The origins as well as the mission of the Fed is anything but altruistic. I'm going to sound like a crazy right-winger for a moment, but the system really is geared towards enriching a small segment of elite while tying the rest in debt servitude for life.
That's what housing bubbles like the current one do. They force you and me to auction our future wages against each other in a giant competition, so that we can sign our lives into debt-servitude. (Don't get me wrong, debt can be good if used productively, but not like this). Rising house prices benefit only the banks, who can collect massive interest over 30 years. Again I'm hesitant to quote RT, but literally like it says, Read it and weep.
The banks meanwhile can use fractional reserve banking to create money, and lend it to you and profit. If they make risky loans, they get paid more interest. If the loans default... why hello Uncle Sam, where's our bailout? It is a zero-risk way to make tons of money, and it is bullshit.
Let's see what happens with all these treasuries now. I'm amazed that we have all concluded that QE was such a grand success, when QT hasn't even been done yet. The Fed is looking to stop their purchase of treasuries in the coming months, and let the current ones roll off the balance sheets. China is looking to slow down or stop treasury purchases. The Government on the other hand gave out massive tax cuts, and is looking to finance a $1 trillion dollar deficit by issuing more treasuries! The NK war, which will happen soon, will also be financed with debt. Jesus. This is not going to end well.