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Biggest Debt Bomb in History

The Bank of the Fed is Closed…Forever

Politics / Central Banks Feb 24, 2010 - 10:35 AM GMT

By: Robert_Singer

Politics

Best Financial Markets Analysis ArticleIn an effort to explain our escalating financial crisis, an American Nightmare (an Environmental Dream), the pundits are focusing their angst on the 44th POTUS, who might very well go down as the single most inept president in all of American history. (How to Squander the Presidency in One Year, David Michael Green)

Barack Obama is not inept, greedy or stupid and he isn’t one of  “us”.


He rose from obscurity to power with his top economics adviser, Zbigniew Brzezinski, the co-founder of David Rockefeller’s Trilateral Commission and he travels in the same circles as other members of the super-secret Skull & Bones Society at Yale University, who pretend to be running for president every four years.

The decision to have Obama preside over the greatest financial calamity since the Great Depression was made five years ago; the November election was a formality. (Why Joseph Biden will be the Next Vice President of the United States)

To believe otherwise, is to ignore the Bradley/Palin effect and the decision by John McCain to wait until his concession speech to shed the image of a nasty “grumpy old man.”

In September 2008, when the Obama campaign seemed to be slumping and their candidate’s long-standing lead in the polls had evaporated, the senator’s supporters openly worried that a potential victory might be slipping away. Then, providence joined the campaign: the failure of the giant investment bank Lehman Brothers followed by a global financial meltdown in the month of October.

And, “speaking of change”, escalating the war in Afghanistan and Iraq and his policies on Guantanamo, state secrets, renditions, executive power, bail-outs and the stimulus packages are for the most part identical to those of George W. Bush.

However, the policies at the Federal Reserve have changed…inexplicably, monumentally and historically:

As of October 2008, the men behind the Federal Reserve, all connected to the House of Rothschild, are no longer giving up what’s left of their real wealth so the middle class can live the American Dream, a nightmare for the planet.

Brian Deese, special assistant to president Obama for economic policy, in his first government position, shuffles back and forth from the West Wing to the Treasury Department rewriting the rules of American “capitalism” as he dismantles the US Housing, Automobile Industry and the American Dream. (The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger)

Deese’s First Rule: Withdraw Credit and Liquidity:

Causing spending to fall even further, forcing companies to cut back on inventory and staff – Creating even more unemployment…263,000 jobs eliminated bringing the total to 39 million Americans who are no longer working or looking for work. (The September Employment Rate is 90%)

And that’s before the recently announced “planned three-year budget freeze on government discretionary spending.”

The Federal Reserve Act of 1913

One of the most important domestic acts in the nation’s history took the power to create money from the people and gave it to the robber barons of our filtered history books in theory for profit.

The Federal Reserve was instrumental in the development of America into a world power.

The United States, in its first decades, was a land of small farms and nearby towns with few cities of any consequence. The young nation seemed far more interested in becoming a successful experiment in democracy, rather than an economic power.

A central bank, necessary for a consumer society, large cities, a common medium of exchange, and a mechanism to regulate that medium were greeted with hostility, since many of the nation’s leaders disdained the urban life.

Anyone who spoke against the “Creature from Jekyll Island” by G. Edward Griffin was silenced.

Presidents Garfield and McKinley, outspoken champions of “sound” money and opponents of a central bank, were suspiciously silenced permanently.

The conflict between rural values and urban reality ended when Woodrow Wilson “unwittingly ruined his country” and signed into law the legislation that put “the growth of the nation . . . and all our activities in the hands of a few scoundrels (men).”

Once those scoundrels got control of the supply of money in the Franklin Roosevelt Administration, they began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new (checkbook) currency, which alleviated the critical famine of money and credit, and the factories started hiring people again.” (Secrets of the Federal Reserve, Eustace Mullins)

Now those scoundrels remain in control of the supply of money in the Barack Obama Administration, they are making generous interest payments to the banks for “parking” their TARP and other government taxpayer bailout money, which is aggravating the critical famine of money and credit, and the factories started laying people off (263,000 people in September bringing the total to 39 million Americans who are no longer working or looking for work).

One of the more absurd notions that found its way into the history books and the writings of economic experts, is that somehow these Robinhood barons (swindlers and scoundrels of history) were made wealthier by manipulating the Monopoly money they created out of “thin air” used to “alleviated the critical famine of money and credit” so the factories could start hiring people again and finance our consumer society.

In 1910, the men behind the Federal Reserve Rockefeller, Kuhn, Loeb and Morgan, all connected to the Rothschild’s global financial empire, owned or controlled one-sixth of the world’s real wealth—gold, silver and raw materials—not the fiat currency we call money.

And their real wealth, where is it now?

Used up, as in consumed, by the middle class so former members of the Third Estate (serfs and slaves) could have houses, cars, RVs, TVs and DVDs—the affordable things we take for granted which put the planet, according to the GEO4, a massive United Nations Report, at the “unknown points of no return.” (Liberté, Egalité, Fraternité – Providence, Miracle or What Really Happened)

The swindler’s and scoundrel’s wealth, not yours or mine, was eventually “cut, mined and hauled away,” so that Americans could “trash the planet” with that cheap stuff until October 2008.

Money control, Gustav Stolper wrote in “This Age of Fables” is, “the supreme and most comprehensive of all governmental controls and the 1838 quote:

“Permit me to issue and control the money of a nation, and I care not who makes its laws” (Incorrectly attributed to Mayer Amschel Rothschild who died in 1812).

Reflects the “maxim” of the House of Rothschild.

However, “money lenders of the Old World” cannot be talking about profits unless you believe The Rothschilds didn’t understand that they were about to give up $500 trillion of real wealth in exchange for $500 trillion pieces of worthless fiat currency.

During the last 100 years, those swindlers and scoundrels were able to distort the structure of relative prices; generate misallocations of labor and capital throughout the economy; rationalize new governmental interventions in the face of the market “instability” manipulate the patterns of and the profits from international trade which resulted in the Industrial Revolution, the Great Depression, the stagflation of the 1970s, the dot-com and the housing market bubbles and unprecedented prosperity for the middle class.

Would we have a financial crisis to go with our environmental crisis if Wilson hadn’t ruined the country when he gave away the people’s right to print their own money and we had our own bank?

No.

North Dakota is the only state in the union to own its own bank. The Bank of North Dakota (BND) was established by the state legislature in 1919 specifically to free farmers and small businessmen from the clutches of out-of-state bankers and railroad men.

The state of North Dakota, one of only two states (along with Montana) expected to meet its budget in 2010. North Dakota was also the only state to actually gain jobs in 2009 while other states were losing them. Since 2000, North Dakota’s GNP has grown 56 percent, personal income has grown 43 percent and wages have grown 34 percent. North Dakota in 2009, had a budget surplus of $1.3 billion, the largest it ever had – in a state with a population of 700,000. (The North Dakota Model for Capitalizing Community Banks, Ellen Brown)

North Dakota, a land of small farms and towns more interested in remaining a successful experiment in democracy rather than an economic power.

At this point, it is advantageous to consider the efforts of writer Andrew Hitchcock:

“The Rothschilds have been in control of the world for a very long time, their tentacles reaching into many aspects of our daily lives, and are the hidden hand behind all the social cataclysms in history: The French and American Revolution, the Civil War, World Wars, the Industrial Revolution, the Federal Reserve (and our consumer society).”

John Sherman, a Rothschild protégé in a letter sent to New York bankers on June 25, 1863 in support of the then proposed National Banking Act, wrote:

“The few who understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages…will bear its burden without complaint, and perhaps without suspecting that the system is inimical to their best interests.” (World War II And Pound, 1940-1945: The Anti-Semite Revealed, Ellen Cardona)

In other words, the “few that understand the system”, without a 20th century environmental perspective of the middle class “trashing the planet”, would not be capable of comprehending a system that would put the planet at the “unknown points of no return” because the environmental damage and pollution was the goal and not the unintended consequences of the Industrial Revolution and our consumer society.

The Federal Reserve isn’t evil because they print our money and make us pay interest on it; they are evil because they are in a metaphysical war with mother-earth (Gaea).

October 2008 marked the last day the “lender of last resort” would give up what’s left of their real wealth, used to con us into shopping for useless toxic stuff, to weaken their opponent, mother-earth. (Ominous Signs Are Aligned: Not A Particularly Good Sign (11-09))

By Robert Singer

Robert Singer writes for The Market Oracle and The Peoples Voice.

Robert Singer is an Entrepreneur and the author of a forthcoming book on the Federal Reserve. His articles cover politics and the financial and environmental implications of our consumer society. 

© 2010 Copyright Robert Singer - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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Biggest Debt Bomb in History