The Federal Reserve - A "This Is Also It" Redirection

  • 3 Replies
  • 84 Views

0 Members and 1 Guest are viewing this topic.

Serenitys_Dream

  • *
  • Guest
    • Show only replies by Serenitys_Dream

The Federal Reserve - A "This Is Also It" Redirection

  • on: December 14, 2009, 01:59:25 PM
The redirection of “This Is Also It” today (December 14 to: http://http://www.ireport.com/docs/DOC-347355)  has prompted me to write the following. I will use the American system as an example of what is going on in our world today in financial matters as the US dollar is the currency that all others currencies value is being measured against. I have tried to explain this in the simplest terms as possible as it can seem quite confusing. As this is my understanding of the American financial system, I realize I may have some minor errors but overall this is really how the system works.

What is Currency?
Currency is anything that we agree as a society has value. It could be gold, silver, gems etc. We place this value on these things due to the rarity of the item. The more there is of an item the less valuable that item becomes. Currency is used to trade for other items we may need or want such as food, clothing, entertainment etc. and all items have a value in comparison to what we are trading for them.

Why do we have paper currency or money?
Prior to the existence of money, we lived in a barter society. For instance, a farmer would trade some of his crop for other goods he needed. Our society placed a high value on rare metals (hence them being called precious metals) such as gold and silver and we started trading using these. So a farmer would then trade his crop for gold and then trade the gold for items he needed. Soon it became cumbersome to be carrying around or hold large amounts of gold & silver. Coins were created (gold & silver coins etc) as a way of being able to carry smaller amounts of the precious metals required to obtain goods but this could also be dangerous and many coins would weigh one down. A bright idea was had by a few individuals, they created banks as a safe, secure place to store your wealth, for a percent of that wealth of course (a fee for holding your gold & silver). Individuals would deposit their precious metals in to these banks and would receive a paper receipt for the amount of gold they had deposited. The individual would then be able to obtain goods by exchanging this receipt for the items they required and paper money was born.

What happened within the banks that messed it all up?
Those individuals who had created the banks realized that not many people actually returned to remove their precious metals from the bank and had instead started trading using the receipts for this gold held in the bank. The bankers saw an opportunity to make even more money by lending to those who did not have enough gold to obtain items they needed or wanted. So what they did was give the person in need a receipt for gold (money) on the agreement that the person would pay back that amount of gold plus a little bit more (as interest). The bankers were now making money off the gold they held by charging for holding that gold and charging to lend out against other people’s gold that they held. The problem with this though is that there are more paper receipts (money) out there than the gold Bankers actually have. If everyone with a receipt were to remove their gold from the bank there would be a line of people waiting and no gold to be had by all.

This is what the banking industry does today. Banker’s accept deposits and for a fee they hold your paper money, if you take that money out they charge you a fee or there are fees for each transaction you make against the money you have deposited. Banks also make loans to others (for a fee) based on the deposits that have been made to their bank. The important thing here though in today’s banking industry is that Bankers only have to retain 10% of the money deposited as reserves and so they are lending out money they do not have. The exact same process as was done prior with the gold they had on hand.

What does paper currency represent now?
Paper currency in one word now represents “NOTHING”! It is no longer a receipt for anything as currency (money) is no longer backed by any precious metals. We are being fooled in to believing that this paper has value when in reality it is completely worthless.

The American Dollar As The Standard for World Currency
Today the American dollar is what all other currencies value are measured against. If you wish to purchase goods in any country the cost of those goods is measured in American dollars and the currency you hold is also measured by how many American dollars this represents.

The Federal Reserve
Prior to 1913, The United States Department of the Treasury printed the American currency (though a central banking system was created between 1791-1811 it was later abolished). The Federal Reserve was created in 1913 by the Federal Reserve Act. Before 1913 and the creation of this American central banking system, all banks were owned by individuals but the stock market crash of  1907 changed all that. In 1933, American currency was no longer backed by precious metals and became a “fiat” currency.

The Federal Reserve IS NOT a Government Institution. It is PRIVATELY owned by a group of INTERNATIONAL BANKERS but has been given the power to oversee all financial matters in the United States including the printing of the American currency. A privately held wealth increasing institution is creating American currency for a profit!

How the Federal Reserve and the US Government Work in the Monetary Realm
The Federal Reserve has been granted the power to print American money, a fiat currency which is not backed by any precious metals. The United States Department of the Treasury submits a request for currency to the Federal Reserve in the form of a United States Treasury Security (a bond). This is a request for a LOAN from the Federal Reserve for Federal Reserve Notes (American Dollars). This bond is a promise to pay back the amount being loaned PLUS INTEREST.

The problem here with this system arises from two fronts. First the government is borrowing an amount from the Federal Reserve with interest so to pay back the interest they must again borrow an amount with even more interest (you see where this is going?). This is a never ending cycle of borrowing and interest in which the debt continues to accumulate and can never be cleared. Second, to pay back the currency the US government has borrowed from the Federal Reserve, the US government collects Taxes through the Internal Revenue Service (IRS). Many people believe that the taxes that are being collected from the US citizens (and those in other countries) is going to pay for services the government provides but this is not the case. In the US, taxes go to the Federal Reserve to pay towards the debt the US Government owes to the Federal Reserve. The US Government then borrows even more currency (plus interest) from the Federal Reserve to pay for programs and services and this never ending cycle of debt continues. This can also be translated in to the enslavement of the American people through this never ending debt cycle, owed to the international bankers who own the Federal Reserve.

The United States Treasury had the power to create its own money prior to 1913 and in doing so would not have accumulated this debt and would have no interest to pay as it would not be borrowing the currency from anyone. By abolishing the Federal Reserve and the US Treasury printing it’s own currency, this debt could be paid back and freedom and prosperity can be achieved.

What Does This All Mean?
The Federal Reserve Notes (US dollar) are not backed by anything so the Federal Reserve can print off as many dollars as the US Treasury Department requests and believe me those presses have been running non-stop. Think about the US dollar as any other commodity, let’s say corn. We all agree that we will use corn to trade for other things. When there is very little corn available (scarcity) we can get more items with less corn but when there is a lot of corn available (glut), it will take more corn to get each item we want. So when the Federal Reserve prints lots of American Dollars, they are flooding the market with them and making each dollar hold less purchasing power. Each dollar becomes worth less when compared to other commodities and it takes more dollars to purchase items. In other words, items become more expensive or we have inflation (the cost of items increases compared to the value of the dollar).

This is exactly what is happening in the United States currently and the goal is to cause the collapse of the financial system as a means to create a GLOBAL financial system which is a catalyst to a CENTRAL GLOBAL GOVERNMENT also known as a New World Order or One World Government.

"Let me issue and control a nation's money and I care not who writes the laws." ~ Mayer Amschel Rothschild (1790)

Here are some videos which may interest you if you want to learn more:

Criminal Rothschilds
[youtube:2puzfafv]http://www.youtube.com/watch?v=USGSOViaulc[/youtube:2puzfafv]

G. Edward Griffin on the Federal Reserve System
[youtube:2puzfafv]http://www.youtube.com/watch?v=ZWKlz2Z4Nlo[/youtube:2puzfafv]

The Money Masters 1/22 - An older full length documentary can be a little dry but is filled with relevant information.
[youtube:2puzfafv]http://www.youtube.com/watch?v=QlIhhYGujoQ[/youtube:2puzfafv]

"The Money Masters" can also be viewed as a complete movie on google:
http://http://video.google.com/videoplay?docid=-515319560256183936#

Money As Debt (1 of 5)
[youtube:2puzfafv]http://www.youtube.com/watch?v=vVkFb26u9g8[/youtube:2puzfafv]

Second Look at the Federal Reserve by Edward Griffin 1 of 7 (author of "The Creature From Jekyll Island")
[youtube:2puzfafv]http://www.youtube.com/watch?v=F3TAh1gy6rc[/youtube:2puzfafv]
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Serenitys_Dream

  • *
  • Guest
    • Show only replies by Serenitys_Dream
TIME Magazine's Person of the year?
Media awards Advocate of New World Order accolades as Person of the Year!
I have edited the following article by removing the BS lines and the rest remains as it was originally written. It's called reading between the lines!

Person of the Year 2009 - Ben Bernanke
By MICHAEL GRUNWALD Wednesday, Dec. 16, 2009
"the man who runs the Federal Reserve "
Ben Bernanke is a nerd.
He just happens to be the most powerful nerd on the planet.
Bernanke is the 56-year-old chairman of the Federal Reserve, the central bank of the U.S., the most important and least understood force shaping the American — and global — economy. Those green bills featuring dead Presidents are labeled "Federal Reserve Note" for a reason: the Fed controls the money supply. It is an independent government agency (in other words it is a privately owned organization with a relationship with the US Government) that conducts monetary policy, which means it sets short-term interest rates — which means it has immense influence over inflation, unemployment, the strength of the dollar and the strength of your wallet. And ever since global credit markets began imploding, its chairman has dramatically expanded those powers and reinvented the Fed.

The last Fed chair, Alan Greenspan, inspired an odd cult of personality. Bernanke hoped to return the Fed to dull obscurity. His unusually close partnerships with Bush and Obama Treasury Secretaries Henry Paulson and Timothy Geithner — have exposed him and his institution to criticism from all directions. He's Bailout Ben, the patron saint of Wall Street greedheads, or King Ben, the unelected czar of a fourth branch of government. Bleeding-heart liberals and tea-party reactionaries alike are trying to block his appointment for a second four-year term. Libertarian Congressman Ron Paul is peddling a best seller titled End the Fed. And Congress is considering bills that could strip the Fed of some of its power and independence.

In 2009, Bernanke hurled unprecedented amounts of money into the banking system in unprecedented ways. Now that Obama has decided to keep him in his job, he has become a lightning rod in an intense national debate over the Fed as it approaches its second century.

But the main reason Ben Shalom Bernanke is TIME's Person of the Year for 2009 is that he is the most important player guiding the world's most important economy. His creative leadership helped ensure that 2009 was a period of weak recovery and he still wields unrivaled power over our money, our jobs, our savings and our national future. The decisions he has made, and those he has yet to make, will shape the path of our prosperity, the direction of our politics and our relationship to the world.
http://http://www.time.com/time/specials/packages/article/0,28804,1946375_1947251,00.html

TIME's "Person of the Year 2009 Full List" dominated by war mongers, NWO advocates  and tabloid story stars. Sending out a wake up call!!

Person of the Year 2009  
   1. Ben Bernanke

Runners-Up
   1. General Stanley McChrystal
   2. The Chinese Worker
   3. Nancy Pelosi
   4. Usain Bolt

People Who Mattered
   1. Neda Agha-Soltan
   2. Glenn Beck
   3. Lloyd Blankfein
   4. Rahm Emanuel
   5. Dr. Thomas Frieden
   6. Jon and Kate Gosselin
   7. Hamid Karzai
   8. Adam Lambert
   9. Jay Leno and David Letterman
  10. Bernie Madoff
  11. Alan Mulally
  12. Barack Obama
  13. Manny Pacquiao
  14. Sarah Palin
  15. Robert Pattinson and Kristen Stewart of Twilight
  16. Alex Rodriguez
  17. Olympia Snowe
  18. Sonia Sotomayor
  19. Chesley B. (Sully) Sullenberger III
  20. Taylor Swift
  21. The Twitter Guys
  22. Joe Wilson
  23. Tiger Woods
  24. Manuel Zelaya and Roberto Micheletti
  25. Zhou Xiaochuan
http://http://www.time.com/time/specials/poylist/0,32517,1946375,00.html
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Sarahli

  • *
  • Hoaxer
  • Posts: 4265
  • Love is the answer.
    • Show only replies by Sarahli
One of the aim goal of the NWO is to create one world currency and maybe that this currency will not be palpable but only digital. That way they will be able to control people. We are only slaves for them. The aim of COP15 was to introduce the idea of birth control and this is a smooth way to say depopulation. Their aim is to kill people in order to better control them later. Their plan is running from a long time ago and its coming to its final phase. Beware.

Search for RFID chip, codex alimentarius...

In a world full of lies telling the Truth is a revolutionary act.

God Bless You
I love MJ
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
We are here for you Michael and will always love you whatever happens.
'Love the Lord your God with all your heart and with all your soul and with all your mind.'
"You shall not accept any information, unless you verify it for yourself. I have given you the hearing, the eyesight, and the brain, and you are responsible for using them."

Offline misha86

  • *
  • Hoaxer
  • Posts: 508
    • Show only replies by misha86
Thanks for posting this..I jus learned about this the other day and couldn't believe my eyes...I am so glad I joined this board because I truely learn something new everyday
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »