Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Central Bankster Crucifix

Interest-Rates / Central Banks Sep 18, 2015 - 06:19 AM GMT

By: Barry_M_Ferguson

Interest-Rates

The FRB, the ECB, the PBoC, and the BoJ are all central banksters. It matters not which country they infest. It matters not which form of gooberment they act as marionette. It matters not how much economic destruction they instigate. Their wicked intent is the same. Total power. Total domination. Total rule. Total control. Total enslavement.


Their weapon is greed and their shield is populous ignorance. Citizens and countries alike want to live far beyond their means. Citizens want shiny trinkets and countries are led by politicians lustful for power. They both depend on central banksters who have larceny in their souls. When money runs dry, both turn to the banksters to create more. The new money is created through debt forged by greed. The price of money creation is levied upon citizens through taxation. The cruelest tax of all is inflation caused by money created from debt. Central banksters work to create inflation by increasing the supply of money which in turn devalues the purchasing power of the currency. The banksters grow more powerful by controlling both the value of the currency as well as its number. The citizens realize a decline of living standards, a bankrupt government structure, and ultimately a loss of liberty.

As such, the wealthy scramble for influence and favor from such a powerful banking establishment. Capital is, after all, the heart of capitalism. Capitalism is what puts bread on our table. Capitalism must remain fair for it to survive. Do central bankers promote capitalism? Fairness? Equity? I would argue that we need to confront these banksters, who act like blood-sucking vampires, with a crucifix. Where can we find one?

A genius wrote the following (an excerpt from the entire document) years ago regarding central bankers:

It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages, artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society-the farmers, mechanics, and laborers-who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles.

If readers recognize the writer, they get an A in US history. The writer was President Andrew Jackson and the words are from his veto of the central bank charter of his time. The year was 1832. It should be noted that President Jackson is the only US president in history to leave office with a balanced budget and zero national debt. Stated differently, the US national debt has been rising since President Jackson completed his second term. What did Jackson understand that is apparently beyond the intellectual means of todays citizens?

Jackson explained further his reasons for this veto of a central bank charter.

First, he argued that the central bank is a mostly foreign-owned, for-profit, private bank. As such, its earnings are derived from the sweat of american productivity only to be taken offshore to where the owners reside. It is a threat to sovereignty. 

Second, Jackson argued that the existence of the central bank was not fair to state rights. The central bank could set up branches in any state and yet those states could not impose taxation on the banks earnings as the states do on every other business in their domain.

Third, Jackson argued that the US Constitution did not allow for a central bank either for reason of necessity nor for the control of the creation or valuation of the currency.

Fourth, as related in the paragraph included above, was the issue of fairness. Jackson realized that the existence of the central bank would lead to unfairness as the rich would find favor from the central bank while the poor would have no such influence. The genius of Jackson was that he realized that human institutions are incapable of resolving fairness issues. Jackson believed that governments role was to enact one set of laws and one book of rules that would pertain to all - rich and poor. Central bankers use a separate sets of laws and rules to benefit the rich. The proof is in todays economy. The Fed now rules the economy and the stock indexes. Who has benefited from the Feds coup de etat in August, 2007? As we all know, the rich are getting even richer and the poor are getting poorer. Andrew Jackson would likely cross his arms now and say I told you so.

And finally, President Jackson wrote one of the most extraordinary, most profound, most profane statements in the history of human history. The first line of the next-to-last paragraph in his veto reads, I have now done my duty to my country.

Can the reader of this article even fathom a political leader anywhere on this planet doing something for the ultimate benefit of the average citizen of his country? Can the reader even imagine a President who would be even the least bit interested in fairness to the poorest citizens? This is even more extraordinary in that President Jackson knew the banksters would try to assassinate him. They tried. President Jackson knew the banksters would greatly shrink the money supply causing a quick economic depression. They did. Yet, the economy recovered just as quickly.

Why then, should any of us cede power to central bankers who have their own agenda? Why would any of us think that these banksters know more than we do? President Jackson said in his veto document that when things turn unfair, then we, the citizens, have the right to air our grievances to our governments. Not in China, of course. That act could prompt the Chinese gooberment to imprison the complainer. Freedom has to be fought for every day. Otherwise, we americans will realize that our greatest strength, our liberty, has been surrendered. We cannot trust governments. We cannot trust government institutions. And, we surely cant trust banksters!

When geniuses speak, we should listen. I will close with another quote from a genius.

Unthinking respect for authority is the greatest enemy of truth.

Albert Einstein said that.

In conclusion, when we listen to our politicians and their ideas to fix things, unless the first thing out of their mouth is destroy the Fed, then we should know they are an idiot just like all the other politicians. We should all pray, Please God, send us another Andrew Jackson!

Barry M. Ferguson, RFC
President, BMF Investments, Inc.
Primary Tel: 704.563.2960
Other Tel: 866.264.4980
Industry: Investment Advisory
barry@bmfinvest.com
www.bmfinvest.com
www.bmfinvest.blogspot.com

Barry M. Ferguson, RFC is President and founder of BMF Investments, Inc. - a fee-based Investment Advisor in Charlotte, NC. He manages several different portfolios that are designed to be market driven and actively managed. Barry shares his unique perspective through his irreverent and very popular newsletter, Barry’s Bulls, authored the book, Navigating the Mind Fields of Investing Money, lectures on investing, and contributes investment articles to various professional publications. He is a member of the International Association of Registered Financial Consultants, the International Speakers Network, and was presented with the prestigious Cato Award for Distinguished Journalism in the Field of Financial Services in 2009.

© 2015 Copyright BMF Investments, Inc. - All Rights Reserved
Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in