No Celebration - Birthday of the Fed

97 years ago today was a true day of infamy. One of the darkest traitors in American history, Woodrow Wilson, signed the Federal Reserve Act. Only those today who still benefit from the greatest theft scheme in our history would dare to celebrate the crimes. The real history remains hidden to most. Eustace Mullins should be required reading for all who value truth.

Secrets of the Federal Reserve

 by Eustace Mullins









Table of Contents

Foreword
Introduction by Ezra Pound
Chapter One: Jekyll Island
Chapter Two: The Aldrich Plan
Chapter Three: The Federal Reserve Act
Chapter Four: The Federal Advisory Council
Chapter Five: The House of Rothschild
Chapter Six: The London Connection
Chapter Seven: The Hitler Connection
Chapter Eight: World War One
Chapter Nine: The Agricultural Depression
Chapter Ten: The Money Creators
Chapter Eleven: Lord Montagu Norman
Chapter Twelve: The Great Depression
Chapter Thirteen: The 1930's
Chapter Fourteen: Congressional Expose
Appendix
Biographies
Bibliography
Questions and Answers

Foreword

In 1949, while I was visiting Ezra Pound who was a political prisoner at St. Elizabeth's Hospital, Washington, D.C. (a Federal institution for the insane), Dr. Pound asked me if I had ever heard of the Federal Reserve System. I replied that I had not, as of the age of 25. He then showed me a ten dollar bill marked "Federal Reserve Note" and asked me if I would do some research at the Library of Congress on the Federal Reserve System which had issued this bill. Pound was unable to go to the Library himself, as he was being held without trial as a political prisoner by the United States government. After he was denied broadcasting time in the U.S., Dr. Pound broadcast from Italy in an effort to persuade people of the United States not to enter World War II. Franklin D. Roosevelt had personally ordered Pound's indictment, spurred by the demands of his three personal assistants, Harry Dexter White, Lauchlin Currie, and Alger Hiss, all of whom were subsequently identified as being connected with Communist espionage.

I had no interest in money or banking as a subject, because I was working on a novel. Pound offered to supplement my income by ten dollars a week for a few weeks. My initial research revealed evidence of an international banking group which had secretly planned the writing of the Federal Reserve Act and Congress' enactment of the plan into law. These findings confirmed what Pound had long suspected. He said, "You must work on it as a detective story." I was fortunate in having my research at the Library of Congress directed by a prominent scholar, George Stimpson, founder of the National Press Club, who was described by The New York Times of September 28, 1952: "Beloved by Washington newspapermen as 'our walking Library of Congress', Mr. Stimpson was a highly regarded reference source in the Capitol. Government officials, Congressmen and reporters went to him for information on any subject."

I did research four hours each day at the Library of Congress, and went to St. Elizabeth's Hospital in the afternoon. Pound and I went over the previous day's notes. I then had dinner with George Stimpson at Scholl's Cafeteria while he went over my material, and I then went back to my room to type up the corrected notes. Both Stimpson and Pound made many suggestions in guiding me in a field in which I had no previous experience. When Pound's resources ran low, I applied to the Guggenheim Foundation, Huntington Hartford Foundation, and other foundations to complete my research on the Federal Reserve. Even though my foundation applications were sponsored by the three leading poets of America, Ezra Pound, E.E. Cummings, and Elizabeth Bishop, all of the foundations refused to sponsor this research. I then wrote up my findings to date, and in 1950 began efforts to market this manuscript in New York. Eighteen publishers turned it down without comment, but the nineteenth, Devin Garrity, president of Devin Adair Publishing Company, gave me some friendly advice in his office. "I like your book, but we can't print it," he told me. "Neither can anybody else in New York. Why don't you bring in a prospectus for your novel, and I think we can give you an advance. You may as well forget about getting the Federal Reserve book published. I doubt if it could ever be printed."

This was devastating news, coming after two years of intensive work. I reported back to Pound, and we tried to find a publisher in other parts of the country. After two years of fruitless submissions, the book was published in a small edition in 1952 by two of Pound's disciples, John Kasper and David Horton, using their private funds, under the title Mullins on the Federal Reserve. In 1954, a second edition, with unauthorized alterations, was published in New Jersey, as The Federal Reserve Conspiracy. In 1955, Guido Roeder brought out a German edition in Oberammergau, Germany. The book was seized and the entire edition of 10,000 copies burned by government agents led by Dr. Otto John.

The burning of the book was upheld April 21, 1961 by judge Israel Katz of the Bavarian Supreme Court. The U.S. Government refused to intervene, because U.S. High Commissioner to Germany, James B. Conant (president of Harvard University 1933 to 1953), had approved the initial book burning order. This is the only book which has been burned in Germany since World War II. In 1968 a pirated edition of this book appeared in California. Both the FBI and the U.S. Postal inspectors refused to act, despite numerous complaints from me during the next decade. In 1980 a new German edition appeared. Because the U.S. Government apparently no longer dictated the internal affairs of Germany, the identical book which had been burned in 1955 now circulates in Germany without interference.

I had collaborated on several books with Mr. H.L. Hunt and he suggested that I should continue my long-delayed research on the Federal Reserve and bring out a more definitive version of this book. I had just signed a contract to write the authorized biography of Ezra Pound, and the Federal Reserve book had to be postponed. Mr. Hunt passed away before I could get back to my research, and once again I faced the problem of financing research for the book.

My original book had traced and named the shadowy figures in the United States who planned the Federal Reserve Act. I now discovered that the men whom I exposed in 1952 as the shadowy figures behind the operation of the Federal Reserve System were themselves shadows, the American fronts for the unknown figures who became known as the "London Connection." I found that notwithstanding our successes in the Wars of Independence of 1812 against England, we remained an economic and financial colony of Great Britain. For the first time, we located the original stockholders of the Federal Reserve Banks and traced their parent companies to the London Connection.

This research is substantiated by citations and documentation from hundreds of newspapers, periodicals and books and charts showing blood, marriage, and business relationships. More than a thousand issues of The New York Times on microfilm have been checked not only for original information, but verification of statements from other sources.

It is a truism of the writing profession that a writer has only one book within him. This seems applicable in my case, because I am now in the fifth decade of continuous writing on a single subject, the inside story of the Federal Reserve System. This book was from its inception commissioned and guided by Ezra Pound. Four of his protégés have previously been awarded the Nobel Prize for Literature, William Butler Yeats for his later poetry, James Joyce for "Ulysses", Ernest Hemingway for "The Sun Also Rises", and T.S. Elliot for "The Waste Land". Pound played a major role in the inspiration and in the editing of these works--which leads us to believe that this present work, also inspired by Pound, represents an ongoing literary tradition.

Although this book in its inception was expected to be a tortuous work on economic and monetary techniques, it soon developed into a story of such universal and dramatic appeal that from the outset, Ezra Pound urged me to write it as a detective story, a genre which was invented by my fellow Virginian, Edgar Allan Poe. I believe that the continuous circulation of this book during the past forty years has not only exonerated Ezra Pound for his much condemned political and monetary statements, but also that it has been, and will continue to be, the ultimate weapon against the powerful conspirators who compelled him to serve thirteen and a half years without trial, as a political prisoner held in an insane asylum a la KGB. His earliest vindication came when the government agents who represented the conspirators refused to allow him to testify in his own defense; the second vindication came in 1958 when these same agents dropped all charges against him, and he walked out of St. Elizabeth's Hospital, a free man once more. His third and final vindication is this work, which documents every aspect of his exposure of the ruthless international financiers to whom Ezra Pound became but one more victim, doomed to serve years as the Man in the Iron Mask, because he had dared to alert his fellow-Americans to their furtive acts of treason against all people of the United States.

In my lectures throughout this nation, and in my appearances on many radio and television programs, I have sounded the toxin that the Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate. From November, 1910, when the conspirators met on Jekyll Island, Georgia, to the present time, the machinations of the Federal Reserve bankers have been shrouded in secrecy. Today, that secrecy has cost the American people a three trillion dollar debt, with annual interest payments to these bankers amounting to some three hundred billion dollars per year, sums which stagger the imagination, and which in themselves are ultimately unpayable. Officials of the Federal Reserve System routinely issue remonstrances to the public, much as the Hindu fakir pipes an insistent tune to the dazed cobra which sways its head before him, not to resolve the situation, but to prevent it from striking him. Such was the soothing letter written by Donald J. Winn, Assistant to the Board of Governors in response to an inquiry by a Congressman, the Honorable Norman D. Shumway, on March 10, 1983. Mr. Winn states that "The Federal Reserve System was established by an act of Congress in 1913 and is not a 'private corporation'." On the next page, Mr. Winn continues, "The stock of the Federal Reserve Banks is held entirely by commercial banks that are members of the Federal Reserve System." He offers no explanation as to why the government has never owned a single share of stock in any Federal Reserve Bank, or why the Federal Reserve System is not a "private corporation" when all of its stock is owned by "private corporations".

American history in the twentieth century has recorded the amazing achievements of the Federal Reserve bankers. First, the outbreak of World War I, which was made possible by the funds available from the new central bank of the United States. Second, the Agricultural Depression of 1920. Third, the Black Friday Crash on Wall Street of October, 1929 and the ensuing Great Depression. Fourth, World War II. Fifth, the conversion of the assets of the United States and its citizens from real property to paper assets from 1945 to the present, transforming a victorious America and foremost world power in 1945 to the world's largest debtor nation in 1990. Today, this nation lies in economic ruins, devastated and destitute, in much the same dire straits in which Germany and Japan found themselves in 1945. Will Americans act to rebuild our nation, as Germany and Japan have done when they faced the identical conditions which we now face--or will we continue to be enslaved by the Babylonian debt money system which was set up by the Federal Reserve Act in 1913 to complete our total destruction? This is the only question which we have to answer, and we do not have much time left to answer it.

Because of the depth and the importance of the information which I had developed at the Library of Congress under the tutelage of Ezra Pound, this work became the happy hunting ground for many other would-be historians, who were unable to research this material for themselves. Over the past four decades, I have become accustomed to seeing this material appear in many other books, invariably attributed to other writers, with my name never mentioned. To add insult to injury, not only my material, but even my title has been appropriated, in a massive, if obtuse, work called "Secrets of the Temple--the Federal Reserve". This heavily advertised book received reviews ranging from incredulous to hilarious. Forbes Magazine advised its readers to read their review and save their money, pointing out that "a reader will discover no secrets" and that "This is one of those books whose fanfares far exceed their merit." This was not accidental, as this overblown whitewash of the Federal Reserve bankers was published by the most famous nonbook publisher in the world.

After my initial shock at discovering that the most influential literary personality of the twentieth century, Ezra Pound, was imprisoned in "the Hellhole" in Washington, I immediately wrote for assistance to a Wall Street financier at whose estate I had frequently been a guest. I reminded him that as a patron of the arts, he could not afford to allow Pound to remain in such inhuman captivity. His reply shocked me even more. He wrote back that "your friend can well stay where he is." It was some years before I was able to understand that, for this investment banker and his colleagues, Ezra Pound would always be "the enemy".

Eustace Mullins
Jackson Hole, Wyoming 1991

Source

PDF version

Also see:

The Secret Criminal Society of the Federal Reserve
The Federal Reserve's War Against the Human Race
The Federal Reserve: History and Conspiracy
Jeckyll Island and the Federal Reserve
How and Why International Bankers Made War
The Jefferson of Our Time
The US Income-tax
How the Federal Reserve Runs the US by Stephen Lendman 5 parts
Central Banking - background
The Creature from Jekyll Island mp3
Money Masters - video
The Federal Reserve: The Greatest Scam in History?
What Caused the Great Depression of the 1930's

Banks that hold the controlling stock in the Federal Reserve Corporation:
Rothschild Banks of London and Berlin, Lazard Brothers Bank of Paris, Israel Moses Sieff Banks of Italy
Warburg Bank of Hamburg and Amsterdam, Lehman Brothers Bank of New York, Kuhn Loeb Bank of New York  Chase Manhattan Bank of New York, Goldman Sachs Bank of New York.

Time Magazine's 'Criminal of the Year'

OK, they actually called called Bernanke 'person of the year' but that's because Time tends to hide many of the facts about the Federal Reserve and their crimes against the American people and the world.


Time's version of an alternate reality.








Ron Paul wasn't as kind to Ben as the media whores and CIA assets at Time but does say that he's the most powerful man in the world. I'll disagree a little on that as Bernanke is just the frontman for those who tell him what to do.

No Chance To Go To College! No Chance For Health Care! UNLESS You Learn To Kill Or Be Killed

Dennis Kucinich 12-15-09

Look at his face ... He's serious too ...

The 'Pay Czar' scam continues

"I will pinch the life blood from the middle and lower classes"

                                             Kenny Feinberg

The Obama 'pay czar' proclamations about controlling the wall street insiders pay is not about them, it is about us. It's setting the stage for the middle class to become the lower class and to sink into a caste system. This theater production will not harm the bankers, it is aimed at preparing  the rest of us to accept becoming one of the controlled poor through unemployment and the drastic lowing of income.

See: 9/11 Cover Up Arbitrator, Kenneth Feinberg, Named as Latest Obama Czar

Feinberg is saying that we had better be careful. All of those wall street geniuses may leave to a foreign country if their compensation for crimes is cut. 

Pay cuts run risk of talent exodus

Pay czar says limits are to shield taxpayers, not punish executives

WASHINGTON — The Obama administration's pay czar said Thursday that he hoped his move to slash the salaries of the highest-paid employees at the seven largest recipients of federal bailout money would not lead to an exodus of talent that would prevent the taxpayers from being repaid.

President Barack Obama praised the work done by Feinberg, who he said "was faced with the difficult task of striking the proper balance between standing up for taxpayers and returning a measure of stability to our financial system."

Feinberg's and Obama's comments came after the Federal Reserve proposed two initiatives to review incentive programs at hundreds of banks in an attempt to reduce risky practices that helped trigger the financial crisis."Compensation practices at some banking organizations have led to misaligned incentives and excessive risk-taking, contributing to bank losses and financial instability," Federal Reserve Chairman Ben Bernanke said. "The Federal Reserve is working to ensure that compensation packages appropriately tie rewards to longer-term performance and do not create undue risk for the firm or the financial system." {read the rest of the cover up story}

It seems like the Federal Reserve is giving the talking points to the Obama administration using Feinberg as the front man for this current financial psyops. 

Bernanke says we're not poor enough

Bernanke prays to his gods of destruction.

US Fed Chairman Bernanke demands austerity

In remarks Monday to a conference on Asia and the global economic crisis held by the San Francisco Federal Reserve Bank in Santa Barbara, California, Federal Reserve Chairman Ben Bernanke called for austerity policies to rein in US budget deficits and the ballooning national debt.

In the name of reducing global economic imbalances between debtor countries with large trade deficits, such as the US, and creditor nations with large trade surpluses, such as China and Japan, Bernanke demanded that the US government adopt policies in the medium-term to cut domestic consumption and reduce social spending. At the same time, he called on China and other export-oriented Asian countries to reduce their trade and current account surpluses by encouraging a growth in domestic demand.

Bernanke declared that Asia was leading a world economic recovery, but warned that the recovery could not be allowed to produce a renewed growth of “unsustainable” imbalances in trade and capital flows. While couched in diplomatic and technical terminology, his remarks had definite and ominous implications for the working class, above all in the United States.

Reflecting the consensus within the American ruling elite, and the class policy of the Obama administration, the central bank chief was implicitly insisting that the economic crisis be used to carry through a drastic and permanent lowering of the wages and living standards of the American working class. In essence, the United States is to be transformed into a cheap-labor center for the export of industrial and other goods to the world market. The living standards and conditions of American workers are to be brought more closely into line with those of super-exploited workers in Asia.

He neglected to note that the major factor in the explosive growth of the federal deficit is the multi-trillion-dollar bailout of Wall Street, which he and the Obama administration are carrying out.
{more - Barry Gray at wsws}

Austerity = slavery

Tennessee's Senator Corker reveals the Federal Reserve owns him

Corker took his oath of office from Dick Cheney.

They left out the part to "defend the Constitution of the United States against all enemies, foreign and domestic."





It's a sad day when any representative from your home state, dare we say it, takes traitorous steps against the American people because they are bought by the banking system that lies at the root of so many of our problems.

Today, Senators Jeff Merkley (D-OR) and Bob Corker (R-TN) introduced the Federal Reserve Accountability Act, an attempted compromise on the issue of transparency for America’s secretive central bank. The bill would permit an audit of the Fed’s actions in the Troubled Asset Relief Program (TARP) and similar high profile bailouts, but would not allow Congress to review the Fed’s inflation of the money supply or the its agreements with foreign central banks.{more}

Many backers of the original audit-the-Fed legislation are unlikely to find the Merkley/Corker alternative to be appealing. The House bill, by Texas Republican Ron Paul, would open all of the Fed’s operations — not just emergency programs — to a review by the GAO.

Still, the Merkley/Corker bill could be appealing for lawmakers who are looking for middle ground on the issue. {more}

Middle ground. That's just code words for continuing to allow the Fed's criminal activities.

The whole purpose for auditing the Fed is to reveal the nearly 100 year old money mafia for what it is with the next logical step being abolishing it entirely.

What would happen if the Fed is killed?

Monetary reform: reclaiming $1 trillion every year through public creation of money

Somewhere around $500 billion of taxpayer money a year is paid in interest to the Fed via their enforcement arm, the IRS.

That kind of money and power buys Senators to maintain the criminal status quo.

Bob Corker is showing himself to be one of those traitors who are owned.

Goldman Sachs and the Federal Reserve must 'vanish from the pages of time'

Inbreeding of the Federal Reserve, Wall Street, the U.S. government and the international banking mafia has resulted in an economic degenerate mongrel child hell bent on destroying us. The message I get from this defective offspring is.... "shut up, give us the money or we will take you down."



What do we do about this?



Mrs. Sheehan says "no guillotine brigades will march down Wall Street" but maybe we're just not yet hungry enough for that...yet.

Capitalism: An Apathy Story

Cindy Sheehan

This Thursday, in a move that would make Baron von Louis Rothschild blush with shame (or burst with pride), Goldman Sachs will announce that it is more than doubling its bonus pool: from 11 billion in 2007 to 23 billion in 2008.

The Robber Class doesn’t frustrate me nearly as much as the Robbed Class. Robbers will be Robbers only as long as we in the Robbed Class let them. {more}

GQ magazine, put together a list of The 50 Most Powerful People in D.C. Except for maybe a couple of ringers, most of these are the names and faces of traitors. Isn't treason to our country and constitution a crime that should never be allowed to continue?



The top 3...Emanuel, Gates and Bernanke

Dick Cheney came in at number 9. Just behind Nancy Pelosi and well ahead of Hillary Clinton.

GQ, being a prime example of a tool for the breakdown of our culture, still gives a good pictorial of the inbred children of a system that seems destined to 'vanish from the pages of time.'

Michael Moore's Capitalism: A Love Story; Unmasked and Uncovered

By Fahim A. Knight-EL


My wife and I went to the movies this past week to view Michael Moore's new documentary titled, "Capitalism: A Love Story". Most people who seriously study the plots and ploys of the Invisible Rulers, as well as tracking global international economics were highly disappointed in how far short the film failed in telling the American people the unadulterated truth. Let me start off by setting the tone of this article/Blog for my readers by quoting the former Congressman Louis T. McFadden of Pennsylvania Who in the 1930s served on the Housing Banking and Currency Committee.

McFadden stated, “Mr. Chairman, we have in this country one of the most corrupted institutions the world has ever known. I refer to the Federal Reserve Banks hereinafter called the Fed. The Fed has cheated the Government of these United States, and the people of the United States out of enough money to pay the Nation’s debt. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself, and has practically bankrupted our government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed, and through corrupt practices of the money vultures who control it. Some people think that the Federal Reserve Banks are United States Government institutions. They are not Government institutions; they are private monopolies which prey the people of these United States for the benefit of themselves and their foreign customers, foreign and domestic speculators and swindlers, and rich and predatory money lenders.”

Perhaps it might be a legitimate assumption that Michael Moore just does not know, who is actually behind the global collapse of the world economic system? But he appears to be an extremely intelligent man who is perceptive and thought provoking—it then becomes difficult to accept the notion that he is ignorant of who the true deceivers are. Thus, indeed, perhaps these would be the same culprits who are behind manipulating the flow of money, are the same paymasters that financed and distributed Moore’s movie.

Moore's documentary for the most part, continued to shield their identities and do not reveal or expose the true hidden profiteers, those that hold the purse strings. He exposes the puppets, which is of no real value, but was careful not to expose the puppeteers—the Invisible Money Changers. This writer has written at least twenty articles dedicated to uncovering and unmasking the true players behind money and high finance.

For example, topics such as: “The Potter and the Clay: Emperors With No Rules”, “The Decoy and the Symbol: Baiting and Switching, You Can't See the Hoax?”, “Money Has No Value, People Do: The Bailout; the Rothschilds Said Give it Up”, “The Domino Effect: Don't Believe the Hype”, “Con Game is an Art: No One Plays it Better Than the Power Brokers”, “The Circle, Within A Circle, Within A Circle: The Art of Deception”, “The Money Changers: The Federal Reserve, Robbery by Deceit”, “The Money Changers: The Federal Reserve, Robbery by Deceit”, “The Pawns In The Game”, “None Dare Call it Conspiracy: There is No Other Name to Call it by”, “The Agenda: And The Agenda Setters”, “Conspiracy Theory: Makes Sense to Me; What About You?”, “The Fall of America: Our Government Has Been Hijacked”, “Who rules America and why do they hide?”, “The Hidden Hand and their quest for world domination”, etc.

This above list of topics are just a small example of the type research that this writer has been engaged in and perhaps it is unfair for him to hold the filmmaker Michael Moore to a higher standard than he would the average American citizen who have been made blind, deaf and dumb by those who practice ‘tricknology’.

Here is where this writer stands on Moore’s documentary; after fully evaluating and assessing the film, it will perhaps do more good than bad, because most people in the United States and the world for that matter, are truly dumbfound relative to this economic crisis and do not understand that our lives have been relegated to controlled pawns. The movie is not necessarily sounding the alarm, but it might prick someone’s curiosity and conscious to desire to do further research and lead them towards broaden their personal investigation into the diabolic schemes of the Invisible Rulers.

However, this writer has come to the conclusion, that the majority of those who have ventured to view Moore’s documentary will perhaps only resume the same mindset, they possessed prior to seeing the movie and rationalize that Moore has bought into these wild conspiracy theories and many that will fall into this category are betting that this crisis will blow over and eventually dismiss Moore as just a paranoid liberal and a conspiracy lunatic. They are in for a rude awakening. You can only lead a horse to the well, but you can not force him to drink. This crisis will not blow over any time soon; we better get prepared for the long haul.

Michael Moore’s movie on its opening weekend finished a disappointed seventh on the theater’s list—last place only grossing 4.8 million dollars and it is perhaps an indication that people would rather be entertained than spend money to be educated and involved in serious intellectual discussion. This does not say much about our society and culture; in particular in light of how the Invisible Rulers have led us out to pasture and many of us still do not understand that we have been hoodwinked and cable-towed by this Den of Thieves.

But this writer wonders did Michael Moore take the basic course of Dynastic family investigation, Who is Behind High Finance?—the course is titled Rothschild 101 (there is not an actual course, I am being bit facetious and rhetorical) in which every person that seeks to investigate the hidden money trail must be willing to put in many hours of doing independent research and utilizing many nonconventional sources to connect the dots; because much of this history has been scattered and fragmented, but this has been done intentionally in order to keep humanity confused about the issues. This writer must say, that Moore still needs to take some remedial courses, which to learn the history and practices of the Dynastic Families—they have always used decoys and front men as mere distractions. (Reference: Carroll Quigley; “Tragedy and Hope; A History of the World in Our Time”).

Moore appeared to have not consulted some of the greatest professors, teachers, and writers on this type of topic such as Professor Carroll Quigley author of the book titled, “Tragedy and Hope”, “None Dare Call it Conspiracy” by Gary Allen and Larry Abraham, “Behold a Pale Horse” by William Cooper, etc.

Moore did not untangle the invisible web of deception and many that saw the movie, may have become fixated on Alan Greenspan, Robert Rubens, Timothy Geithner, Paul Volker, Henry Paulson, Barney Frank, etc., and would take these front men as the real powerbrokers and not realize that these low-level operatives are nothing but symbols and decoys. (Reference: Ashahed M. Muhammad; “The Synagogue of Satan”).

When the enemy of deception writes and endorses a script or anything that appears to exposes him; it is most lethal and dangerous because of the level of sophistication and chicanery that have gone into the deception relative to the writing, producing and defining genre. Some would scream that Michael Moore is an independent filmmaker, that he is, but those who control finance and cinema making and film distribution are the real masters. Their objective is never to enlighten humanity, but to keep them in darkness, while these slave drivers remain invisible. What would make me think their objective would be any different relative to the intended outcome of the movie “Capitalism: A Love Story”?

This movie was strategically crafted—it never mentioned Jekyll Island and how the Federal Reserve got started in 1913 and how the international bankers had hijacked the United States money system and the world money system a long time ago. (Reference: Andrew Gause; “The Secret World of Money”).

Thus, Moore’s movie did an adequate job of exploring the economic symptoms of our present crisis and yet at same time shied away from the true causes that have brought us to this present moment in world history. How can you do a documentary on the collapse of the United States economy and not mention Paul Warburg or not dedicate segment to Rothschilds, the Godfathers of money? Money is synonymous with Rothschilds name and legacy; surely Michael Moore must know that it is not Wall Street that is dictating and controlling the rise and fall of the global economic markets; he must also know that the New York Stock Exchange or how Dow Jones fluxuate have nothing to do with buying selling and of stocks and/or commodities. (Reference: Pat Robertson: “Right on the Money”).

Also, you can not talk about or write about Capitalism and money and not mention Adam Smith; in particular if you are doing research on any aspect of banking and finance unless you have cited Adam Smith’s work, the research is incomplete. Smith authored the definitive treatise on Capitalism entitled, “An Inquiry into the Nature and Causes of the Wealth of Nations” it is two (2) volume book set. Smith is the father of Capitalist theory.

The collapse of the United States economy and world economy has a much deeper origin than what the mass mediums are presenting and reporting. We in the U.S. have not seen this type economic crunch and crisis, since the Great Depression of 1929, which crippled the economic, political and social fabric of our society. (Reference: Ravi Batra; "The Great Depression of 1990”).

Now, for example, the merger of Wells Fargo Bank and Wachovia and various other financial institutions can not be properly assessed outside of our requirement to at least give a brief historical analysis and evaluation of how and why these financial institutions arrived at this merger position. There are some serious historical implications that perhaps occurred, which got us to the point in which the U.S. Free Market Enterprise system and Capitalism in no uncertain terms collapsed in 2008. This writer presents you with a YouTube clip of former President George Bush making some serious statements relative to Capitalism: I wonder did anybody else hear President George W. Bush say that he has had to abandon the free enterprise and free market system: Reference: http://www.youtube.com/watch?v=oetNPJJcuAE. Wow! It shocks me how this most powerful and significant statement went right over most Americans heads.

We know that President George Bush and Vice President Dick Cheney worked to deregulate Wall Street and in the scheme of who controls the flow of money, even this maneuver is insignificant. When Michael Moore was going to Lehman Brothers, AIG, Citi Bank, Bear-Stern, Merrill Lynch, Goldman Sachs, etc., and yelling out who has our money? This writer could have answered this question with two names—Rothschilds and Rockefellers. I guess when he was yelling out, where is our money? Moore was referring to the trillions of dollars that U.S. Congress and President George W. Bush heist from the American taxpayers, one of greatest open crimes within history of America, which to so-called bailout these above mentioned financial rogues and gangsters.

We authorized the United States Government to hand over $750 billion dollars to some of the most powerful and wealthiest free market enterprise entities in the history of capitalism. These various government economic bailout packages and/or maneuvers relative to Wall Street was a clear indication that what took place was a sham; it appeared at best on the surface of not being consistent with the principles of capitalism (the free enterprise system has always been a cruel economic system of survival of the fittest), or was it.

The bailout and/or rescue package (they use language as a tool of manipulation to exacerbate or soften an intended objective) of the United States financial institutions was essentially a form of nationalization (central government control). Since the United States president has declared abandoning the free market system; what type of economic system will be put in its place? (Reference: Ellen Hodgson Brown; "Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free").

Moreover, just think about this, two United States Presidents (Bush and Obama) have given the world's corporate Elite over 161 billion dollars of the taxpayers money.

Mr. Moore did not thoroughly follow the money trail because it would have led him to the same names and faces that have been the premier Money Changers throughout the annals of time. These people have their tentacles wrapped around all of humanity and for Michael Moore to omit so much pertinent historical and economic history has bewildered me, and it forces one to believe that he is probably part of the duping and the hoax. (Reference Texe Marrs; “Circle of Intrigue: The Hidden Inner Circle of the Global Illuminati).

Perhaps Moore is an agent provocateur, that is being systematically used by the Invisible Rulers to further disguise the Secrets of the Temple—the mass mediums and propaganda machines are one of their chief ploys of human deception. Those who own and controlled Hollywood will never expose themselves, they are not in the business of snitching on themselves and leading the dumbfound masses to where the real action is taking place. (Reference: “Who Rules America”)

Moore’s scenario gave us the effect and by-product of greed and the structure of a capitalist economy—he stated this in terms of the pyramid scheme paradigm in which one (1) percent of the population (the super Elite) sits at the top of the pyramid; it is they who controls ninety-nine (99) percent of the world's wealth and resources. The masses who are always stationed at the bottom of the pyramid are represented as the ninety-nine percent; this segment of the population is called Goyim (Chattel, Useless Eaters, Peasants) are left to fight and squabble over a measly one percent of the world's wealth and resources. (Reference: William Guy Carr; "Pawns In The Game").

Moore does not understand that those that stole the United States money and world's money (gold and silver) are above the laws and jurisprudence systems of all nations. This Invisible Cabal possesses a true sense of Sovereign Immunity and their wealth insulates them from criminal or civil prosecution and they are shielded by layers upon layers of deception. No citizen or COURT THE WORLD-OVER HAS THE POWER TO ARREST THE INVISIBLE RULERS (Reference: Ashahed M. Muhammad; “The Synagogue of Satan”).

One must also know something about the Federal Reserve System (and how it is structured) and how the United States Monetary System was taking over by a private entity called the Federal Reserve (note: this is a private institution and not governmental; although it wears the name federal), which has the powers, duty and responsibility of printing money and establishing interest rates. It was founded in 1913, by powerful banking families such as Rothschilds, Morgans, Rockefellars, Warburgs, etc., and it would be these families that still possess control over the Unites States Monetary System and now for over 90 years have control over the flow of money. Those International Bankers that set-up the Federal Reserve devised one of the greatest criminal cartels in the history of humanity. (Reference: Anthony Sutton; “America’s Secret Establishment”).

The Federal Reserve is comprised of twelve Central Banks—1. Rothschild Bank of London, Rothschild Bank of Berlin, 2. Chase Manhattan Bank of New York (Rockefeller) Chase National bank of New York (Rockefeller). 3. First National Bank of New York. 5. Hanover National Bank of New York. 6. Goldman Sachs of New York. 7. Kuhn Loeb Bank of New York. 8. Lehman Brothers of New York. 9. Warburg Bank of Hamburg Warburg Bank of Amsterdam. 10. Lazard Brothers of Paris. 11. Israel Moses Seif Banks of Italy. 12. JP Morgan. (Reference: Eustace Mullins; “The Secrets of the Federal Reserve”).

We abandoned the gold standard system and were duped into accepting a Fiat money system and this is what has gotten us to where the United States economy is in 2009. The Federal Reserve and the Bank of England are root causes of wrecking the global economy—they are allowed to print paper money out of thin air and set interest rates indiscriminately and now this rubber currency, which has no real collateral (gold and silver) backing or value it is bouncing all over the place. (Reference: William Greider; “Secrets of the Temple: How the Federal Reserve Runs the Country”) Please Reference Rod Parsley YouTube clip http://www.youtube.com/watch?v=zS2ZiDjZsF0&feature=player_embedded#

Yes, to steal the world's money and control the global monetary system is a criminal act because this small minority answers to no one. The United States is in an economic depression (the politicians refer to this downward economic spiral as a recession, but most Americans do not know the difference between recession and a depression). The term recession is strategically used in order to not send the masses into a panic mode and language is used like Minister Malcolm X would say that we have become like the patient whom the dentist has injected with the medicine Novocain for pain and we have learned to suffer peacefully.

This economic phenomena has been induced and has very little to do with subprime loans fiasco, which so-called led to the collapse of the housing market and it even has less to do with Wall Street. However, I do think the housing crisis with the subprime lending institutions and the big banking and financial institutions such as Lehman Brothers, Merrill Lynch, Bear-Sterns, JP Morgan, AIG, Wachovia, etc., collapsing it was all induced by the Central Banks and the Hidden Dynastic Families. They have achieved in part their objective—misery and desperation.

The Invisible Rulers are restructuring the new terms of servitude and part of this equation was to call the debt-in and rearrange the labor paradigm. This also would allow them to measure and assess, if the masses had any resistance left in them and a willingness to rebel against this modern Caesar’s decrees and revolt in accordance to the United States Constitution or will they lie down and permit these generation of Vipers to continue to trample over them like a defenseless doormat. (Reference: Pat Robertson; "The New World Order").

The American Declaration of Independence gives us some beautiful instructions and it is about time we take heave. It stated, "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Government are instituted among Men, deriving their just powers from the consent of the governed. That whenever any Form of Government becomes destructive of these ends, IT IS THE RIGHT OF THE PEOPLE TO ALTER OR ABOLISH IT, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to affect their Safety and Happiness. Prudence, indeed will dictate that Government long established should not be changed for light and transient causes; and accordingly all experiences hath shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, IT IS THEIR RIGHT, IT IS THEIR DUTY, TO THROW OFF SUCH GOVERNMENT, and to provide new Guards for their future security." (Reference: The United States Declaration of Independence the Continental Congress on July 4, 1776).

The Invisible Rulers have tied the masses of people to a system of debt which is the driving force of assuring societal obedience and this is choking the economic lifeblood out of the globe and the staggering unemployment rates are all done by designed to create a control sense of misery. I came across an article which was one of the best critical evaluations and examinations of the United States and global economy that I have read in recent times. The piece was written by Robert Morley entitled, “World Prepares to Dump the Dollar" published on July 21, 2009 in online magazine called thetrumpet.com http://www.thetrumpet.com/index.php?q=6347.4807.0.0.This is some of what Morley stated: “Japan is America’s second-most important creditor nation—lending the U.S. billions of dollars each year. If Japan won’t lend unless America pays it back in yen, then China and other major lenders may quickly follow suit. This would eliminate America’s ability to use inflation to cheat on its debt payments. America’s debt burden would soar, interest rates would jump, and national default—Argentina-style—could be staring America in the face within months instead of years.”Morley continued: “America is making a terrible mistake which will result in the greatest fall in all of mankind’s history!” Tim Thompson wrote for the Trumpet in 2000. “As soon as America is no longer a safe place for foreign money, that money will be gone. And once the foreign money is gone, it will leave us with a mountain of debt that we cannot repay.”

This will cause a social implosion and the have-nots will help the enemy in their secondary plan, which is to depopulate earth of us useless eaters. The individuals that Moore identified in the documentary as key players in banking and finance are gofers and powerless; moreover, these low level operatives are only paid agents of the Dynastic Families—they are really public pawns and are not part of global decision making process, but this was strategically done to keep humanity distracted—keep your eyes on the prize. (Reference: Terrance Jackson; “Putting it All Together: World Conquest, Global Genocide and African Liberation’).

My friends, those who rule America and the world are often faceless and nameless—they are hidden and protected—they give the Federal Reserve Chairman, Ben Bernanke orders and they were the ones responsible for putting a half billion dollars behind a relatively unknown pawn named President Barack Obama and getting him elected to the highest office in the world.

He too is just a political prostitute and his loyalty to their agenda is unquestionable and it run deeper than his loyalty to Goldman Sach, as Moore implied in documentary, but this writer is going to go a step further, Obama pledged his loyalty directly to the Rothschilds and the Rockefellers a long time ago. He is a creation of their money, power and influence because you do not rise to the perception of power as quick as he did without confirmation and backing of the Invisible Rulers. (Reference: Webster Griffin Tarpley; "Barack H. Obama: The Unauthorized Biography").

Michael Moore cheated us, by not giving us all the storyline, but the documentary played on the emotions of the Have-nots and those that Moore's movie indicted as being the insensitive ruthless capitalist are only playing a minor role in our oppression. Their job is to read the script and act. They do this in order that the guilty can continue to hide their dirty hands. Mr. Moore did not mention, the House of Rothschild, Royal Institute of International Affairs, Club of Rome, the Carlyle Group, Milner Group, Bilderberger, Council on Foreign Relations, Trilateral Commission, the Roundtable, etc., surely he must know that those who truly control the flow of money operates on different fronts and we must understand that power concedes nothing without a demand. (Reference: Daniel Estulin: "The True Story of the Bilderberg Group).

The majority of Congress and those who view the vote, as the great equalizer do not understand and foolishly thought that the politicians we elected to serve and is so-called placed there to protect the legitimate political aspirations of the electorate; however are only pawns. Thus, they failed to understand that these operatives are put there by us, but ultimately they all will windup serving one master—the Dynastic Families and the oath that your politicians took on the Bible and swore to uphold the United States Constitution means absolutely nothing. (Reference: John Coleman; The Story of the Committee of 300”).

Moore left the viewing audience with nothing, but instructed us to try democracy in which we have tried Democracy for over 200 years and we are partially in this predicament because Democracy does not work. Our Democratic Government has been hijacked by the money changers and capitalism reached its zenith under the United States democratic system. But it has never been able to secure and protect the masses of people from being victims of greed and exploitation. It has been Democracy that has allowed the Invisible Rulers, a free reign to commit all manner of criminal acts and those who control money, care not who write its laws. Mr. Moore perhaps has yet to realize that Democracy is synonymous with Capitalism—they are one and the same. Why trade Capitalism for Democracy? When the results are going to be the same, which is more exploitation. (Reference: Karl Marx and Friedrich Engles; “Communist Manifesto”).

With all this said, go see the movie and tell me what you think; in particular since you have read my concerns and thoughts about Michael Moore’s movie “Capitalism: A Love Story.” I would love to hear from you.

Fahim A. Knight-EL Chief Researcher for KEEPING IT REAL THINK TANK located in Durham, NC; our mission is to inform African Americans and all people of good will of the pending dangers that lie ahead; as well as decode the symbolisms and reinterpret the hidden meanings behind those who operate as invisible forces, but covertly rules the world. We are of the belief that an enlighten world will be better prepared to throw off the shackles of ignorance and not be willing participants for the slaughter. Our MOTTO is speaking truth to power. Fahim A. Knight-EL can be reached at fahimknight@yahoo.com.

Source: Fahim Knight

We want an HR 1207 vote now...what's going on?

The Federal Reserve Transparency Act...

This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee.

Committees hearings have been held. When is there going to be a house vote? There are 300 co-sponsors. The vote should be now. Auditing the federal reserve is a necessary step towards eliminating it entirely and taking back the control of our currency.

There's a problem. Too many in Congress, including many of the 1207 co-sponsors, are bought, blackmailed and afraid.

It appears the bill is going to be stalled and castrated. At least this is what the Fed wants and it's hard to bet against them...they have an almost 100 year track record of control.

At least with a house vote on the bill as is, we will be be able to identify the traitors. We already know that the Obama administration, by its backing of the bankers, are traitors.

I'm pessimistic on ever getting real legislation passed to audit and abolish the fed. If we don't get it now, will we ever? Sometimes the traitors win but only when we allow it.


Cliff Adams has some ideas. I'm not sure about all of them, I would rather see prison terms for all involved, but it may be worth some thought.

How to get HR. 1207 to the House Floor

At the time of this writing (Oct 5, 2009), the Federal Reserve Transparency Act of 2009, HR1207, has 300 co-sponsors. That is 10 votes more than required for a veto-proof majority. So what’s going on? Why hasn’t the bill come up for a vote? When 300 out of 435 members of the House of Representatives support a bill you would think it would be a no-brainer. But still it sits.

One could go through all of the mechanical details of how a bill goes through and gets out of committees, but they are only visible mechanics and not the engine that’s driving the machine. This bill is a very, very hot topic, as we can see from listening to Chairman B. and other cheerleaders for the Fed making speeches about dire consequences to the economy if the Fed’s "privacy is compromised". Foxes, you understand, need privacy in the matter of the administration of chicken coops; otherwise chicken coops would become frightfully disorganized, and might even descend into anarchy. Foxes also have very sharp teeth, and do not look with favor upon having the privacy of their chicken coops disturbed, especially when it might mean a transition from being a very fat and happy keeper of chickens to being a fur coat. A few trillion dollars buys a lot of influence even in today’s economy, and it would not be surprising if that influence is being very intensively focused on the defeat of HR 1207. So how do we break through that barrier?

Here is what I would propose as an amendment to Congressman Paul’s bill: Offer total immunity and amnesty to anyone and everyone that might be found to be involved in any type of embezzling, misdirecting, or anything that is illegal or inappropriate with all of the trillions of dollars that they have been jockeying around for the past almost 100 years. This would apply only to the first audit, for obvious reasons, and only with full cooperation from those who might need such immunity. I would even include immunity from forfeiture. What we would feel like doing if we discover that our friendly bankers at the Fed have been siphoning off hundreds of billions, or trillions, of dollars for private purposes or questionable projects is not necessarily what will get us the best result.

We cannot fix the past, even though we are looking at the potential discovery of the largest swindle in the history of the world, one that has lasted almost 100 years and involves trillions. The cost is too staggering even to contemplate. It is not just a matter of the money that may have been siphoned off of the productive economy into the pockets of big moneymen and into dubious coffers – the cost must be reckoned in terms of the spiraling, compounding productivity that this money privately invested would have caused, but didn’t. There is simply no way of recovering it – and no need to. What we do need is to re-start the upward spiral, by extracting the information that we have been lacking, and then acting upon it. This is the ball we need to keep our eye on, and to try to fix the past through recrimination and prosecution would be, besides futile, simply a distraction from a future that we owe it to our children and grandchildren to build.

Let us consider three main aspects of the proposal.

1. We have nothing to gain, either tangible or intangible, from vindictiveness and "righteous indignation". It is the electorate (you and me) that was asleep at the wheel, and we cannot let ourselves off the hook by directing the blame at the foxes that ate the chickens. Foxes always do what foxes always do. Getting into a grandiose drama of moral outrage and indignation is pointless, futile and self-defeating. There is no restitution possible – chickens have been eaten and foxes are licking their lips, and we will find little meat on old chicken bones. What will make a difference is if the public gets an insight into how foxes manage to get themselves appointed as the guardians and administrators of chicken coops - and make sure it doesn’t happen again. Then there will likely be more chickens in our future.
   
   
2. Here is the kicker – adding an amendment to ensure immunity/amnesty will call attention in a non-confrontational (some might say sneaky) way that there may in fact be some very, very high level embezzlement, misdirection and fraud; think of Enron with 3 zeroes added. No one speaks of it out loud in those terms, perhaps partly because the magnitude is to horrifying to contemplate, and partly from fear of the reaction. The immunity/amnesty clause would say it out loud in a way that will bring the thought to people’s attention without the backlash.
   
   
3. It is highly plausible that the same heavy machinery that is in action to stop HR 1207/S 604 from passing will stay in action even if the bill is passed, and follow the audit from start to finish, hamstringing, delaying, derailing, sidetracking and obfuscating wherever possible. The immunity/amnesty clause will grease the wheels that will open the floodgates of information that is vital to the future of the Republic.

If this way of proceeding is successful, it will not only lead to the audit and possible dissolution of the Fed – it will also set a precedent for the larger transformation of the US government. One plank that is missing in the Ron Paul platform is the call for a very gentle and very, very thorough housecleaning, in every single agency of government. The very-gentle is the only viable route to the very-thorough. It is consistent with Dr. Paul’s and his constituents’ Christian spirit and follows the Lincoln principle of "malice toward none and charity for all." As I said, this only works one time; forgiving breaks in integrity in the past does not condone it for the future – but the future will be secured more by structures for transparency and by a new awareness of the electorate than by threats of retribution.

Let’s start securing that future now.

Source: Nolan Chart

Fed and War Talk

There is no separating the Federal Reserve and the war machine. They are 'blood' brothers.

We are blindly shooting at the created enemies while the real criminals manipulate the system for their own profit and power.








How to stop the war machine

Why do these the hucksters and McCain supporters keep saying that they like Ron Paul but dislike him on foreign policy? It makes no sense.

”Because the central bank is the LIFEBLOOD of the EMPIRE.

If you want to stop the war machine, you have to go after the money machine.”-Tom Woods

This is why it's preposterous to separate foreign and domestic policy.

The Plan
Audit the Fed
End the Fed
End the I.R.S.
Restore sound money
Get out of the U.N.
Make it illegal for the United States to borrow money
Cut ties to the IMF
Cut ties to the World Bank
{more}

If the Fed gave its actual arguments against a full audit, they would not have mentioned anything about political independence or economic stability. Instead they would admit they don't want to be audited because they enjoy their current situation too much.

Under the guise of currency control, they are able to help out powerful allies on Wall Street, in exchange for lucrative jobs or who-knows-what favors later on.

An audit would expose the Fed as a massive fraud perpetrated on this country, enriching a privileged few bankers at the top of our economic food chain, and leaving the rest of us with massively devalued dollars which we are forced to use by law. An audit would make people realize that, while Bernie Madoff defrauded a lot of investors for a lot of money, the Fed has defrauded every one of us by destroying the value of our money.

An honest and full accounting of how the money system really works in this country would mean there is not much of a chance the American people would stand for it anymore.
{more - Ron Paul}


The main stream media traitors feed us a trough of death and debt.

America is Led and Informed by Liars

The president of the United States and his European puppets are doing what they do best--lying through their teeth. The US “mainstream media” repeats the lies as if they were facts. The US “media” is again making itself an accomplice to wars based on fabrications. Apparently, the media's main interest is to please the US government and hopefully obtain a taxpayer bailout of its failing print operations.

As there is no legal basis for action against Iran, the Obama regime is creating another hoax, like the non-existent “Iraqi weapons of mass destruction.” The hoax is that a facility, reported to the IAEA by Iran, is a secret facility for making nuclear weapons.

Just as the factual reports from the weapons inspectors in Iraq were ignored by the Bush Regime, the factual reports from the IAEA are ignored by the Obama Regime.
Like the Bush Regime, the Middle East policy of the Obama Regime is based in lies and deception.

Who is the worst enemy of the American people, Iran or the government in Washington and the media whores who serve it? {more - Paul Craig Roberts}

So to all conspiracy theorists claiming that gold is being manipulated on a daily basis by the Federal Reserve: when it occurs over and over, and is so well documented, it is no longer a theory, it is merely sad.

And the fact that the US government goes to great lengths to hide the illicit dealings of the Federal Reserve, which through its monetary tentacles, has prima facie control over not just US policy but also over sovereign governments, is an unprecedented failure in the checks and balances system that the founding fathers had planned when they created the United States of America.

Yet saddest is that the United States no longer pursues strategic goals that are in the best interest of the majority of its citizens, but merely manipulates other, less powerful nations into a servile existence that only provides gain to a very limited subset of the American financial oligarchy.

It is time for the Fed's unprecedented control over affairs, both global and domestic, to end. {more - Tyler Durden}

The Senate is soon to vote on H.R. 3326 - Department of Defense Appropriations Act, 2010 giving the Fed more phony money to print and more interest to be paid to them by taxpayers.

The cycle of death and destruction will continue and we allow it by not eliminating the Fed and the one party American system of government...the war party.

Will today be bring us closer to abolishing the Federal Reserve?

Finally, the house Financial Services Committee will begin hearings on HR 1207 today. I have my doubts whether the main stream media will give this any significant attention. There's the G20 diversion and the domestic terrorists diversion as well as it being on a Friday, the traditional 'news dump' day. Going to the CSPAN site, it's hard to tell if they will even cover it but there will be webcasts.





Still, it will be historic and despite the efforts to bury the story for the general public, the issue of the criminal Fed is one of the most important of our lifetime and will not die.

Thomas Woods will be one of the witnesses.

An excerpt from his prepared statement:

If there is any truth to the idea of Fed independence, it lay in precisely this: the Fed may reward favored friends and constituencies with trillions of dollars in various kinds of assistance, while keeping the public completely in the dark. If that is the independence we’re talking about, no self-respecting American would hesitate for a moment to challenge it.

I hope we are not asking Americans to believe that the decisions to bail out various financial institutions over the past two years, and in particular to allow them to become depository institutions overnight that they might qualify for assistance, were made on the basis of a pure devotion to the common good and were not political at all. Most Americans, not unreasonably, seem convinced of another thesis: that Goldman Sachs, for instance, might be just a little bit more politically well connected than the rest of us.

The superstitious reverence that Americans have been taught to have for the Federal Reserve is unworthy of the dignity of a free people. The Fed enjoys a government-granted monopoly on the creation of legal-tender money. It is not an unreasonable imposition for Americans to demand to know about the activities of such an institution. It is common sense. {more}

The opposition witness today is Scott G. Alvarez, General Counsel Board of Governors of the Federal Reserve System. He too has a prepared statement.

Carl Herman has a series of articles which give a very relevant overview of monetary reform.

His basic statement is:

"The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment."

Many in congress, even a number of the co-sponsors, want to water down HR 1207. The Fed will fight to maintain their control through the usual means, bribery and blackmail, and possibly something even worse.

Will Congress fail the American people once again?

Ron Paul vs. Obama on the Fed, Wall Street and Economic Reform

"More power to the Federal Reserve? The answer is 'End the Fed.' The Fed is the culprit. The people who love war love the Fed. They {the Fed} have more power than the Congress. The Fed chairman probably has more power than the President" Dr. Paul 9/14/09

Some Obama comments, 9/14/09, in an address on Wall Street.

"By opening and examining the books of large financial firms, we helped restore the availability of two things that had been in short supply: capital and confidence."

"We are proposing the most ambitious overhaul of the financial system since the Great Depression."

No call to open the books of the Fed though.

"We’ll create clear accountability and responsibility for regulating large financial firms that pose a systemic risk. While holding the Federal Reserve fully accountable for regulation of the largest, most interconnected firms, we’ll create an oversight council to bring together regulators from across markets to share information, to identify gaps in regulation, and to tackle issues that don’t fit neatly into an organizational chart."

Who is going to hold the Fed accountable? And where is that 'official' organizational chart that shows who owns and controls the Fed? Could that information show that foreign central banks have their tentacles around the Fed and that our economic policies are not actually in our hands?

Is congressman Bart Gordon getting worried?

Tennessee 6th district congressman Bart Gordon may be getting concerned that his lifetime gig in Congress may in danger.

But is he really coming over to the side of the people he represents?






No matter what you may think of the recent town hall meetings, they have garnered the attention of some of the embedded congress members including Mr. Gordon. Getting many letters, phone calls and emails on a number of issues and being questioned in general, Bart is attempting to pacify some of his constituents as the possibility of a challenge in the 2010 election looms.

In May I sent Bart an email urging him to co-sponsor HR 1207 , Audit the Federal Reserve, but his response at that time was non-committal.

I understand your view that auditing the Federal Reserve would provide much needed transparency. As a nation, we must practice fiscally responsible policies to recover from this economic crisis as quickly as possible. The House Committee on Financial Services is reviewing this legislation regarding the role and efficiency of the Federal Reserve. I am not a member of that committee, but will keep your views in mind should a bill come to the House floor for a vote. {Bart Gordon 4/27/09}

Today I received this email saying that he is now a co-sponsor.

Dear Kenneth,

Knowing your support for transparency in our financial system, I wanted to update you on recent action regarding H.R. 1207, the Federal Reserve Transparency Act.

Like you, I believe we need more transparency in our financial sector. You will be pleased to know I am a cosponsor of this bill. The bill would allow the Government Accountability Office (GAO) to audit and make public what assets the Fed is buying and selling.

Chairman Barney Frank, of the House Financial Services Committee, announced he would include language from this bill in financial regulatory legislation this fall. I was pleased to learn of this development.

As we work to recover from this economic crisis, know I will be a voice for fiscal responsibility and sound monetary policy. I look forward to providing responsible oversight of the Federal Reserve {Bart Gordon 9/12/09}

Although a co-sponsor to HR 1207, Gordon doesn't actually say he will vote for the bill but is 'pleased to learn of the development that Frank will include language from this bill in financial regulatory legislation this fall.' So what is he really saying? That HR 1207 will not be voted on or passed 'as is' but will be watered down and neutered inside another bill? That's what it seems to me.

Bart's slight of hand on the issue of the Federal Reserve is transparent. Congress has no intention of allowing a full honest audit. I think most are afraid to. Going against the money could be dangerous to their position and possibly their health.

Frontmen for the Fed, Treasury Secetary Tim "a line that we don't want to cross" Geithner and Ben
"worried that an audit of monetary policy would result in a reduction of the independence of the Fed"
Bernanke will pull out all the stops to make sure an aggressive and full audit doesn't happen.

If bribery doesn't work, threats will. The Fed has more power than most people realize including control of judges. One controlled/bought judge, Alvin K. Hellerstein, who has just denied a freedom of information request for the Fed to disclose where the bailout money went, also has a history of cover-up regarding the attacks on 9/11. The whole system is rigged and there is an interconnection between a number of criminal activities.

So how many of the HR 1207 co-sponsors are just along for the ride attempting to hoodwink their voters and have no intention of allowing a comprehensive Fed audit much less the ultimate goal of serious economists and historians to abolish the Fed entirely? If ever there was an non-partisan issue, the crimes of the federal reserve is it.

Mr. Gordon, along with many other incumbents in Congress, should take a hard look at what their voting actions will be over the next year. There's an increasing groundswell demanding accountability from our representatives. Removing those whose loyalty lies with corrupt banks and corporations is an option gaining momentum.

Bart, you are either with us (we the people) or you are against us.

It's your choice. November 2010 is not that far away.

_____________________

Bart Gordon's voting record

OpenSecrets.org....with campaign contributors

My Congressman MIA

Bart Gordon Turns Towards the Right?