[GJM] THIS IS THE BEST WAY THE WORLD SHOULD GO TO SOLVE THE MOST IMPORTANT THINGS
E. Crockett
echojurist at yahoo.com
Thu Dec 27 08:27:15 MST 2007
--- "E. Crockett" <echojurist at yahoo.com> wrote:
>
> --- John DeSantis
> <johndesantis at publicandprivateenterprise.org> wrote:
>
> > THIS IS THE BEST WAY THE WORLD SHOULD GO TO SOLVE
> > THE MOST IMPORTANT THINGS
> >
> > Greetings,
> >
> > Besides completely eliminating poverty,
> > unemployment, and taxation in every
> > nation -- as well as solving so many more
> problems,
> > if the world goes this
> > way, after a worldwide public discussion based on
> my
> > starting ideas, and it
> > is finally agreed upon by all the nations in the
> > world, then everything that
> > should not be done that in any way hurts our
> common
> > planetary environment of
> > earth, air, and water, will not be allowed to be
> > done so that we can protect
> > our common planetary environment. This is all
> > clearly spoken about on my web
> > site in many ways.
> >
> > I hope that as many people as possible read
> > everything on my site so that
> > you come to have a true understanding of it all
> and
> > can see that everything
> > presented by all the other people in the world who
> > want to help humanity is
> > easily covered in my one vision for humanity about
> > how to change the money
> > system in order to succeed -- *meaning the How,
> the
> > When, and for What
> > Reasons money comes into existence worldwide. *
> >
> > As usual, because I don't like to talk by typing,
> I
> > will only read what
> > people may say about my proposal to humanity on
> this
> > web site of mine, and
> > not respond:
> > http://www.publicandprivateenterprise.org
> > -------
> > > _______________________________________________
> > Discussion mailing list
> > Discussion at globaljusticemovement.net
> >
>
http://globaljusticemovement.net/mailman/listinfo/discussion_globaljusticemovement.net
> >
>
>
>
>
____________________________________________________________________________________
> Never miss a thing. Make Yahoo your home page.
> http://www.yahoo.com/r/hs
---------------------------------
Federal Reserve System - Banking FraudFederal Reserve
System –Banking Fraud
by Greg Hobbs
---------------------------------
November 1, 1999
What is the Federal Reserve Bank (FED) and why do we
have it?
The FED is a central bank. Central banks are supposed
to implement a country's fiscal policies. They
monitor commercial banks to ensure that they maintain
sufficient assets, like cash, so as to remain
solvent and stable. Central banks also do business,
such as currency exchanges and gold transactions,
with other central banks.
In theory, a central bank should be good for a
country, and they might be if it wasn't for the
fact that they are not owned or controlled by the
government of the country they are serving. Private
central banks, including our FED, operate not in the
interest of the public good but for profit.
There have been three central banks in our nation's
history. The first two, while deceptive and
fraudulent, pale in comparison to the scope and size
of the fraud being perpetrated by our current FED.
What they all have in common is an insidious practice
known as "fractional banking."
Fractional banking or fractional lending is the
ability to create money from nothing, lend it to
the government or someone else and charge interest to
boot. The practice evolved before banks existed.
Goldsmiths rented out space in their vaults to
individuals and merchants for storage of their gold
or silver. The goldsmiths gave these "depositors" a
certificate that showed the amount of gold stored.
These certificates were then used to conduct
business.
In time the goldsmiths noticed that the gold in their
vaults was rarely withdrawn. Small amounts would
move in and out but the large majority never moved.
Sensing a profit opportunity, the goldsmiths issued
double receipts for the gold, in effect creating money
(certificates) from nothing and then lending those
certificates (creating debt) to depositors and
charging them interest as well.
Since the certificates represented more gold than
actually existed, the certificates were
"fractionally" backed by gold. Eventually some of
these vault operations were transformed into banks
and the practice of fractional banking continued.
Keep that fractional banking concept in mind as we
examine our first central bank, the First Bank of
the United States (BUS). It was created, after bitter
dissent in the Congress, in 1791 and chartered for
20 years. A scam not unlike the current FED, the BUS
used its control of the currency to defraud the
public and establish a legal form of usury.
This bank practiced fractional lending at a 10:1 rate,
ten dollars of loans for each dollar they had on
deposit. This misuse and abuse of their public charter
continued for the entire 20 years of their
existence. Public outrage over these abuses was such
that the charter was not renewed and the bank
ceased to exist in 1811.
The war of 1812 left the country in economic chaos,
seen by bankers as another opportunity for easy
profits. They influenced Congress to charter the
second central bank, the Second Bank of the United
States (SBUS), in 1816.
The SBUS was more expansive than the BUS. The SBUS
sold franchises and literally doubled the number of
banks in a short period of time. The country began to
boom and move westward, which required money. Using
fractional lending at the 10:1 rate, the central
bank and their franchisees created the debt/money for
the expansion.
Things boomed for a while, then the banks decided to
shut off the debt/money, citing the need to control
inflation. This action on the part of the SBUS caused
bankruptcies and foreclosures. The banks then took
control of the assets that were used as security
against the loans.
Closely examine how the SBUS engineered this cycle of
prosperity and depression. The central bank caused
inflation by creating debt/money for loans and credit
and making these funds readily available. The
economy boomed. Then they used the inflation which
they created as an excuse to shut off the
loans/credit/money.
The resulting shortage of cash caused the economy to
falter or slow dramatically and large numbers of
business and personal bankruptcies resulted. The
central bank then seized the assets used as
security for the loans. The wealth created by the
borrowers during the boom was then transferred to
the central bank during the bust. And you always
wondered how the big guys ended up with all the
marbles.
Now, who do you think is responsible for all of the
ups and downs in our economy over the last 85
years? Think about the depression of the late '20s and
all through the '30s. The FED could have pumped
lots of debt/money into the market to stimulate the
economy and get the country back on track, but did
they? No; in fact, they restricted the money supply
quite severely. We all know the results that occurred
from that action, don't we?
Why would the FED do this? During that period asset
values and stocks were at rock bottom prices. Who
do you think was buying everything at 10 cents on the
dollar? I believe that it is referred to as
consolidating the wealth. How many times have they
already done this in the last 85 years?
Do you think they will do it again?
Just as an aside at this point, look at today's
economy. Things are booming. Why? Because the FED
has been very liberal with its debt/credit/money. The
market is hyper inflated. Who creates inflation?
The FED. How does the FED deal with inflation? They
restrict the debt/credit/money. What happens when they
do that? The market collapses.
Several months back, after certain central banks said
they would be selling large quantities of gold, the
price of gold fell to a 25-year low of about $260 per
ounce. The central banks then bought gold.
After buying at the bottom, a group of 15 central
banks announced that they would be restricting the
amount of gold released into the market for the next
five years. The price of gold went up $75.00 per
ounce in just a few days. How many hundreds of
billions of dollars did the central banks make with
those two press releases?
Gold is generally considered to be a hedge against
more severe economic conditions. Do you think that
the private banking families that own the FED are
buying or selling equities at this time? (Remember:
buy low, sell high.) How much more money do you think
these FED owners will make when they restrict the
money supply at the top of this current cycle?
Alan Greenspan has said publicly on several occasions
that he thinks the market is overvalued, or words
to that effect. Just a hint that he will raise
interest rates (restrict the money supply), and
equity markets have a negative reaction. Governments
and politicians do not rule central banks, central
banks rule governments and politicians.
President Andrew Jackson won the presidency in 1828
with the promise to end the national debt and
eliminate the SBUS. During his second term President
Jackson withdrew all government funds from the bank
and on January 8, 1835, paid off the national debt. He
is the only president in history to have this
distinction. The charter of the SBUS expired in
1836.
Without a central bank to manipulate the supply of
money, the United States experienced unprecedented
growth for 60 or 70 years, and the resulting wealth
was too much for bankers to endure. They had to get
back into the game. So, in 1910 Senator Nelson
Aldrich, then Chairman of the National Monetary
Commission, in collusion with representatives of the
European central banks, devised a plan to pressure
and deceive Congress into enacting legislation that
would covertly establish a private central bank.
This bank would assume control over the American
economy by controlling the issuance of its money.
After a huge public relations campaign, engineered by
the foreign central banks, the Federal Reserve Act
of 1913 was slipped through Congress during the
Christmas recess, with many members of the Congress
absent. President Woodrow Wilson, pressured by his
political and financial backers, signed it on December
23, 1913.
The act created the Federal Reserve System, a name
carefully selected and designed to deceive.
"Federal" would lead one to believe that this is a
government organization. "Reserve" would lead one
to believe that the currency is being backed by
gold and silver. "System" was used in lieu of the word
"bank" so that one would not conclude that a new
central bank had been created.
In reality, the act created a private, for profit,
central banking corporation owned by a cartel of
private banks. Who owns the FED? The Rothschilds of
London and Berlin; Lazard Brothers of Paris; Israel
Moses Seif of Italy; Kuhn, Loeb and Warburg of
Germany; and the Lehman Brothers, Goldman, Sachs
and the Rockefeller families of New York.
Did you know that the FED is the only for-profit
corporation in America that is exempt from both
federal and state taxes? The FED takes in about one
trillion dollars per year tax free! The banking
families listed above get all that money.
Almost everyone thinks that the money they pay in
taxes goes to the US Treasury to pay for the
expenses of the government. Do you want to know where
your tax dollars really go? If you look at the back
of any check made payable to the IRS you will see that
it has been endorsed as "Pay Any F.R.B. Branch or
Gen. Depository for Credit U.S. Treas. This is in
Payment of U.S. Oblig." Yes, that's right, every dime
you pay in income taxes is given to those private
banking families, commonly known as the FED, tax free.
Like many of you, I had some difficulty with the
concept of creating money from nothing. You may
have heard the term "monetizing the debt," which is
kind of the same thing. As an example, if the US
Government wants to borrow $1 million — the
government does borrow every dollar it spends — they
go to the FED to borrow the money. The FED calls
the Treasury and says print 10,000 Federal Reserve
Notes (FRN) in units of one hundred dollars.
The Treasury charges the FED 2.3 cents for each note,
for a total of $230 for the 10,000 FRNs. The FED
then lends the $1 million to the government at face
value plus interest.
To add insult to injury, the government has to create
a bond for $1 million as security for the loan. And
the rich get richer. The above was just an example,
because in reality the FED does not even print the
money; it's just a computer entry in their accounting
system.
To put this on a more personal level, let's use
another example.
Today's banks are members of the Federal Reserve
Banking System. This membership makes it legal for
them to create money from nothing and lend it to you.
Today's banks, like the goldsmiths of old, realize
that only a small fraction of the money deposited in
their banks is ever actually withdrawn in the form
of cash. Only about 4 percent of all the money that
exists is in the form of currency. The rest of it is
simply a computer entry.
Let's say you're approved to borrow $10,000 to do some
home improvements. You know that the bank didn't
actually take $10,000 from its pile of cash and put it
into your pile? They simply went to their computer
and input an entry of $10,000 into your account. They
created, from thin air, a debt which you have to
secure with an asset and repay with interest. The
bank is allowed to create and lend as much debt as
they want as long as they do not exceed the 10:1
ratio imposed by the FED.
It sort of puts a new slant on how you view your
friendly bank, doesn't it? How about those loan
committees that scrutinize you with a microscope
before approving the loan they created from thin
air. What a hoot! They make it complex for a reason.
They don't want you to understand what they are
doing. People fear what they do not understand. You
are easier to delude and control when you are
ignorant and afraid.
Now to put the frosting on this cake. When was the
income tax created? If you guessed 1913, the same
year that the FED was created, you get a gold star.
Coincidence? What are the odds? If you are going to
use the FED to create debt, who is going to repay that
debt? The income tax was created to complete the
illusion that real money had been lent and
therefore real money had to be repaid. And you thought
Houdini was good.
So, what can be done? My father taught me that you
should always stand up for what is right, even if
you have to stand up alone. If "We the People" don't
take some action now, there may come a time when
"We the People" are no more. You should write a
letter or send an email to each of your elected
representatives. Many of our elected
representatives do not understand the FED. Once
informed they will not be able to plead ignorance
and remain silent.
Article 1, Section 8 of the US Constitution
specifically says that Congress is the only body
that can "coin money and regulate the value thereof."
The US Constitution has never been amended to allow
anyone other than Congress to coin and regulate
currency.
Ask your representative, in light of that information,
how it is possible for the Federal Reserve Act of
1913, and the Federal Reserve Bank that it created, to
be constitutional. Ask them why this private
banking cartel is allowed to reap trillions of
dollars in profits without paying taxes. Insist on an
answer.
Thomas Jefferson said,
"If the America people ever allow private banks to
control the issuance of their currencies, first
by inflation and then by deflation, the banks and
corporations that will grow up around them will
deprive the people of all their prosperity until their
children will wake up homeless on the continent
their fathers conquered."
Jefferson saw it coming 150 years ago. The question
is, "Can you now see what is in store for us if we
allow the FED to continue controlling our country?"
---------------------------------
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