INFLATION AND THE FEDERAL RESERVE It’s about time Americans woke up to the fact that their future is intricately woven into the web of a black widow spider called “The Federal Reserve.” Just as the black widow has jaws and fangs that spring out of it and inject a poison that is 15 times that of a rattle snake, so too does the Federal Reserve have jaws and fangs that inject your life and those of billions of susceptible people, with sorrow, famine, . The best way to explain it is that it is not federal (the jaws) and it has no reserves (the poison). The name, however, IMPLIES that it is federal and that they have endless streams of money to lend to the American government. They do not.
The Federal Reserve Act was passed at 11:45 p.m. on Christmas Eve, after
all the opposing Senators had gone home to celebrate Christmas. Those
who wanted the Federal Reserve had a quorum and passed the legislation
in an unprecedented move. At the time, Congressman McFadden gave
testimony in the House when he said,
Mr. Chairman, we have in this Country one of the most corrupt
institutions the world has ever known. I refer to the Federal Reserve
Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed
has cheated the Government of these United States and the people of the
United States out of enough money to pay the Nation’s debt. The
depredations and iniquities of the Fed has cost this County enough money
to pay the National Debt several times over [poison]. Some people who
think that the Federal Reserve Banks are United States Government
institutions. They are not Government institutions. They are private
monopolies which prey upon the people of these United States for the
benefit of themselves and their foreign customers; foreign and domestic
speculators and swindlers; and rich and predatory money lenders.
These twelve private credit monopolies were deceitfully and disloyally
foisted upon this Country by the bankers who came here from Europe and
repaid us our hospitality by undermining our American institutions.
Those bankers who took money out of this Country to finance Japan in a
war against Russia. They created a reign of terror in Russia with our
money in order to help that war along. They instigated the separate
peace between Germany and Russia and thus drove a wedge between the
Allies in the World War. They financed Trotsky’s passage from New York
to Russia so that he might assist in the destruction of the Russian
Empire. They fomented and instigated the Russian Revolution, and placed
a large fund of American dollars at Trotsky’s disposal in one of their
branch banks in Sweden so that through him Russian homes might be
thoroughly broken up and Russian children flung far and wide from their
We were opposed to the Aldrich plan for a central bank. The men who rule
the Democratic Party then promised the people that if they were returned
to power there would be no central banks established here while they
held the reigns of government. Thirteen months later that promise was
broken, and the Wilson administration, under the tutelage of those
sinister Wall Street figures who stood behind Colonel House, established
here in our free Country, the worm-eaten monarchical institution of the
“King’s Bank” to control us from the top downward, and to shackle us
from the cradle to the grave.
In other words, the Federal Reserve Bank is a private corporation that
controls the entire monetary and financial system of the United States.
As such, it is not part of our government but controls it through
creating highs and lows in the business cycle. What that means is that a
small group of insiders can “buy low and sell high” while the rest of us
“hold.” This is a direct transfer of wealth from us to them!
Furthermore, every time our government borrows from this monopoly, they
print money out of the thin air and charge us interest. Unfortunately
those who think money grows on trees have no idea that it only pertains
to a few well placed thieves. The inflation and economic imbalances that
we are hearing about are not created by us but they are created by the
system which has been foisted upon us by deceit and deception.
The money lenders, in order to give themselves access to the rest of the
chickens in the chicken coop, had to eliminate the gold system which our
monetary system was based on because a gold system can’t inflate money
endlessly. As a result of the created depression in 1929, President
Roosevelt took that opportunity to completely change our entire
political and economic system. Again, the testimony of the Honorable
Louis T. McFadden explains,
At noon on the 4th of March, 1933, FDR, with his hand on the Bible took
an oath to preserve Protect and defend the Constitution of the U.S. At
mid-night on the 5th of March, 1933, he confiscated the property of
American citizens. He took the currency of the United States off the
gold standard of value. He repudiated the internal debt of the
Government to its own citizens. He destroyed the value of the American
dollar. He released, or endeavored to release, the Fed from their
contractual liability to redeem Fed currency in gold or lawful money on
a parity with gold.
Two of the steps include taking the common man off the gold standard and
relying on British economist John Maynard Keynes. Shortly after
Roosevelt was sworn in as President, he instructed the banks not to
convert the gold backed dollars which our government used to print
before the Federal Reserve was created that our parents and grandparents
held into gold. In addition, all gold that they might have held was
confiscated. However, Roosevelt allowed foreign country’s who held our
gold-backed certificates to cash them in for gold up until President
Nixon closed the “gold window” in 1971. British economist and Fabian
socialist, John Maynard Keynes, told Roosevelt that the best way to get
out of the depression was to borrow. Today, 73 years later, we have a
Federal deficit of $12T. Every level of government is broke: local,
county, state, and federal. Thanks to Keynes economic successor,
Frederic von Hayek who advocated that government sell their assets to
help pay down their debt. Governments are not only selling their assets
but are entering into partnerships with corporations which are called
public-private partnerships-PPP. PPP’s do not allow for representative
government since the structure of government is being changed and there
is no recourse for injustice.
When Nixon closed the gold window in 1971, he not only took the
strongest country in the world off the gold standard, but that act
succeeded in changing the entire monetary system of the world. No longer
would the finances of any country in the world be tied to gold which
prevented them from spending more than they had, but it opened the door
for the black widow spider to weave a web of debt and place the people
of the world inside the web by a small group of evil-intended
international bankers who have no problem in stealing from their own
grandmother. Furthermore, as Congressman McFadden testified, the Federal
Reserve and the Bank for International Settlements could and did present
American gold certificates for payment in the gold that used to belong
to the individuals that Roosevelt confiscated gold from. He further
The text of the Executive Order which seems to place an embargo on
shipments of gold permits the Secretary of the Treasury, a former
director of the Fed of New York, the practices of which have been
corrupt, to issue license at his discretion for the export of gold coin,
or bullion, earmarked or held in trust for a recognized foreign
government or foreign central bank for international settlements. Now,
Mr. Chairman, if gold held in trust for those foreign institutions may
be sent to them, I see no reason why gold held in trust for Americans as
evidenced by their gold certificates and other currency issued by the
U.S. government should not be paid to them.
By the terms of this executive order, gold may be exported if it is
actually required, for the fulfillment of any contract entered into
prior to the date of this order by an applicant who, in obedience to the
executive order of April 5, 1933, has delivered gold coin, gold bullion,
or gold certificates. This means that gold may be exported to pay the
obligations abroad of the Fed which were incurred prior to the date of
the order. If a European Bank should send 100,000,000 dollars in Fed
currency to a bank in this country for redemption, that bank could
easily ship gold to Europe in exchange for that currency.
Then, in 1980, President Carter passed the Monetary De-Regulation Act
which de-regulated the amount of interest banks charged and paid.
Instead of charging and paying a required amount of interest, banks can
now pay and charge “market rates.” Today, people are being paid 2% on
their savings while they are being charged up to 21% to 25% for
borrowing! Then under President Reagan, the tax laws were changed so
that you and I can’t deduct interest paid from the amount of taxes owed.
In response, the banking system came up with the idea of having people
spend the “equity” in their home through “home equity lines of credit.”
Interestingly enough, these loans are tax-deductible. I don’t know what
these people are going to do when the government eliminates any kind of
interest on home loans and lines of credit. Does anyone see the
intricate weave of the black widow spider yet?
Now add in the Nasdaq crash which wiped out $7T in investments and
savings. In response, the Federal Reserve reduced interest rates to 45
year lows of 1% in June, 2004. This achieved the unbelievable. People
who were constrained by the amount they could borrow determined they
could live like kings in the BIGGER home and went out and borrowed MORE
as they moved up. Since interest on home equity lines of credit is based
on prime, it became reasonable to build up a tremendous amount of debt
based on the rising “equity” in the residential property.
Then after sufficient Americans have followed their pipe dreams and
increased their debt, Greenspan announced the Fed needed to rein in
inflation and interest rates began rising. Just the other day, his
successor, Ben Bernanke raised interest rates for the 15th time to
4.75%. Stating that “further policy firming may be needed,” it is the
intent of the Fed to “keep the lid on inflation.” Oh yeah? Let’s talk
What is inflation? According to geo-political expert Terry Hayfield,
capitalism is inflationary all by itself. Capitalism, which is an “ism”
like socialism, Marxism, or Fabian socialism, is the economic philosophy
of the international bankers. Capitalism has to be in constant motion.
It has to constantly have a new product, a new market, a new buyer.
Without it, capitalism will deflate and go into depression. Furthermore,
how are you going to buy the product that capitalism produces? You are
going to pay for it with a Federal Reserve Note—which was printed up
like any other piece of paper. The act of printing up a piece of paper
which becomes “a dollar” is inflationary because it was not there before
you wanted to buy. It comes into being as you spend money which the Fed
does not have to begin with. However, the Fed charges the Federal
government interest on all the money in the banking system. Are you
smelling the coffee yet?
In other words, when you BORROW monies to buy the house, the car, the
dress, the motorboat, you are borrowing money you did not have and money
which did not exist before your demand. Furthermore, you are borrowing
it at usurious rates. Hayfield explains, “Every time the Federal Reserve
CREATES money to meet a demand, it is inflationary!!!” Do you get it?
The truth of the matter is that our system is based on money being
created according to our demand and then our paying it back at Mafia
levels of interest to a bunch of evil people who will literally skin you
alive to get every since cent you have.
What is our response? To play their game. Since capitalism needs a new
product and continuous demand at all times, to trump them is to reduce
our buying to necessities and to stop charging. Turn in your Wal-Mart,
Penny’s, Sears, Nordstrom’s, Neiman-Marcus and Discover, MasterCard and
Visa cards. Write them nice letters stating that you can no longer
afford to pay 21% interest and that you are closing your account. Start
using cash and start living within your means. If we do that, we can
trump these evil doers who are waiting for us to buy Chinese products
that are building up the Chinese army.
Next, pay down what you owe and keep your cards closed! Take any excess
that you have, when you have it and pay down your mortgage. If you are
living in the BIG house, sell it and move to a smaller house while you
can. If you have a pretty substantial home equity line of credit,
remember that you still owe that debt and putting it into your mortgage
is not smart but dangerous. Do what you have to in order to pay it off.
If you have money in your 401k, borrow it out. If you have an asset that
you could sell, sell it and eliminate that home equity loan.
In addition, start buying products from your friends who sell Nikken,
Amway, and Avon, etc. Buy from only private corporations that are not
part of the system.
The world has entered the final stages of rape, robbery and pillaging by
the central bankers. The whole economic infrastructure of the world has
been primed for them to grab. How will they do it? They will use the
excuse of inflation to literally squeeze us like turnips. Inflation is a
joke on us. Every time we spend, we are creating inflation since our
employer probably had to borrow to pay the payroll because they are
waiting for others to buy their products. Get yourself out of the system
as much as possible. Remember that McFadden was testifying on the heels
of the Great Depression and the confiscation of gold. He rightly states
The people of these United States are being greatly wronged. They have
been driven from their employments. They have been dispossessed from
their homes. They have been evicted from their rented quarters. They
have lost their children. They have been left to suffer and die for lack
of shelter, food, clothing and medicine. The wealth of these United
States and the working capital have been taken away from them and has
either been locked in the vaults of certain banks and the great
corporations or exported to foreign countries for the benefit of the
foreign customers of these banks and corporations. So far as the people
of the United States are concern, the cupboard is bare.
The above paragraph is prophetic because it describes what has and is
occurring. Every time a company goes bankrupt, this will be the effect.
For those of you who are in the process of being retired from General
Motors or Delphi, this describes where you are going to go. Lastly,
every single person in elected government should be tried for treason
because they have committed an abomination to the people of the United
States for allowing the Federal Reserve to continue.
By Joan Veon
April 4, 2006
NOTE: there's a great JOURNAL ONLINE: I read just one article
Great online newspaper written for those who want to protect or earn some $
run by a guy called CHRIST ... is that odd? Steve Christ. Hey I'd trust HIM!
GO there, --SIGN UP. FREE! Get new articles. (It's a good thing.)
For NEW ARTICLES ON how the BANKSTER BAIL OUT was given to the wrong
folks, it's really SOC SECURITY that needs bailout. Huge PONZI about to
blast USA with TSUNMAI is right there! Signs of the times, right? Ponzis
everywhere? SS MADEOFF Administration seems to have made off with your
lifetime pay in on that pension. CHECK IT OUT.
And read how STIGLITZ nobel prize winning economist say exactly that
and he sez let banksters fail, 4 yrs they sold derivatives to investors
who'll go bust, and wrote themselves bonuses? WHY PAY THEM FOR THAT? NEW
BANKS WILL FORM! HONEST ONES under the soon to come new regulations! Like
the Reagan/Clinton Gramm cancelled STEAGALL GLASS BILL from 1933 back in
ALAN GREENSPAN always admitted the truth about the BANKSTERS. See what he
And Greenspan warned the SOC SECURITY was going bust
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