The Root Cause of the "Financial Meltdown."

1775: the American Revolutionary War began. America sought to detach from England and its oppressive monarchy. Though many reasons are cited for the Revolution, one in particular sticks out as the prime cause: that King George III of England outlawed the interest free, independent currency the Colonies were producing and using for themselves, in turn forcing them to borrow money from the central “Bank of England”, at interest, immediately putting the Colonies into debt, and as Benjamin Franklin later wrote:

“The refusal of King George III to allow the Colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the Revolution.”

In 1783 America won its Independence from England, however its battle with the central bank concept, and the corrupt, greed filled men associated with it, had just begun.

So, what is a central bank? A central bank is an institution that produces the currency of an entire nation. Based on historical precedent, two specific powers are inherent in central banking practice: the control of interest rates, and the control of the money supply or inflation.
The central bank does not simply supply the government’s economy with money, it “loans” it to them, at interest, then through the use of increasing and decreasing the supply of money, the central bank regulates the value of the currency being issued.

It is critical to understand, that the entire structure of this system can only produce one thing in the long run: DEBT! It doesn’t take a lot of brains to figure this scam out: for every single dollar produced by the central bank is loaned at interest. That means every single dollar produced is actually the dollar plus a certain percentage of debt based on that dollar. Since the central bank has the monopoly over the production of the currency for the entire country, and may loan each dollar out with immediate debt attached to it, where does the money to pay for the debt come from? It can only come from the central bank again, which means the central bank has to perpetually increase its money supply to temporarily cover the outstanding debt created, which in turn, since that new money is loaned out at interest as well, creates even MORE DEBT!

The end result of this system, without fail is SLAVERY, for it is impossible for the government and thus its citizens, to ever come out of the SELF GENERATING DEBT!

The Founding Fathers were well aware of this: “If the American People ever allow private banks to control the issue of currency…the corporations, that will grow up around them will deprive them of their property until their children wake up homeless on the continent their fathers conquered.”—Thomas Jefferson US President 1743-1826

“If you want remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nations credit.”—Sir Josiah Stamp, head of the Bank of England, 1880-1941

In the United States we have had such a bank since 1913. The Federal Reserve Incorporated. This is not a government agency. It is a private bank owned by several member banks, and it operates for a profit to its stockholders, 70% of whom are EUROPEAN! Only 30% of its owners are even American.

Depressions do not occur naturally. If the stock market crashes, the only people really hurt are those who participate in the market. Even then wealth doesn’t disappear; it merely transfers to fewer hands.

So what caused the “Great Depression”, one might ask. From 1921- 1929, the central bank or Federal Reserve, increased the money supply by 62%, resulting in extensive loans to individuals and banks, there was also a new type of “margin loan” in the stock market, which allowed an investor to put down only 10% of a stocks price, with 90% being loaned through the broker. A person could own $1000 worth of stock for only $100. This is why they called it the “Roaring ‘20s”, everyone seemed to make big money in the markets.

There was a catch to this loan: it could be called in anytime, and the borrower had 24hrs to pay. This is termed a “margin call”, and the typical result of this is the selling of the stock purchased with the loan.

A few months before October 1929, J.D. Rockefeller and many other bankers and insiders, quietly exited the market, and on October 24, 1929 the New York financiers, who supplied these loans started calling them in en masse. This sparked an instantaneous massive sell-off for everyone had to cover these loans, resulting in bank runs, also for this reason collapsing 16,000 banks. The conspiring bank cartels bought up rival banks and massive corporations for pennies on the dollar, the greatest robbery in American history.

It didn’t stop there, rather than expanding the money supply to recover from the damage, the Fed actually contracted it, fueling one of the largest depressions in history.

Congressman Louis T. McFadden in outrage stated: “It was a carefully contrived occurrence. International bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all.” Not surprisingly, and after two previous assassination attempts, McFadden was poisoned at a banquet before he could push for impeachment proceedings against the Federal Reserve Board.

Wake up citizens, it is happening again. Increased money supply, calling in of bank loans, and increases in the markets only add up to one thing: they are doing it again. The Fed has the power to bring the country to its knees, all it has to do is call in bank loans and decrease the money supply. It’s math plain, and simple.

We are SLAVES to the Federal Reserve Central Bank, and its stockholders until we abolish it, and Congress coins our money without interest, as it is ought to. This is not a new or radical concept, the Colonies did it, and Lincoln did it, with great success, I might add.

Educate yourself. Free yourself. Your Life, Liberty, and Pursuit of Happiness, and that of your children depend on it. I recommend viewing: Zeitgeist, America: From Freedom to Fascism, The Money Masters - How International Bankers Gained Control of America. All can be viewed @ Google.

I sent this article in as a letter to the editor back in March of this year. Sadly the things I predicted are coming true. We are being extorted by the Fed chairman, Tres. Sec, and their criminal buddies on Wall Street. Please keep up the pressure on the house of Reps to not allow this bailout to pass. All that will happen is greater inflation, and the death of the dollar.

Zeitgeist!

Submitted by muddle on Mon, 11/03/2008 - 8:35pm.

I knew it!

Do you also believe that 911 was an inside job?

And earlier today you denied being a conspiracy theorist.

Too bad you don't like Christmas, because Claxton bakes a holiday treat in your name.

____________________

"Puddleglum" by Weatherwax (one of the Muddlings).

Jeeves to the Rescue

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