Whoever controls the money controls the economy.
It's like ex-Federal Reserve Chairman of the Board Allan Greenspan said in the 1960's. A gold standard gives protection against the welfare statists control of our nation's economy.
The Internationalist bankers took over our U.S. economy with the 1913 Federal Reserve Act. A one-world currency has been part of their plan for decades. The Federal Reserve, which controls the U.S. money supply and our economy, is a 'private' banking institution. It pays taxes. It has never been a legal entity of U.S. Government.
The 1970's is when the Federal Reserve took up the Silver Certificates ending U.S. currency backed by a fractional gold standard. That's when U.S. currency became a total Fiat monetary policy (dollars printed backed by nothing). U.S. money became solely based on Debt paper. That means our money gets its start with U.S. Treasury notes, which is a debt paper, a Promisary Note to get the money out of taxpayers. No debt, no taxes, then no money supply.
What those financiers are doing today is but a drop in the bucket compared with the national debt the Federal Reserve fiat paper has caused.
It's impossible to pay off the national debt, since the money supply's existence depends on it.
This is why our nation's founders like George Washington and Thomas Jefferson were so against the idea of Fiat paper money. Andrew Jackson fought against the New York bankers about it too.
A Texas senator a couple of years ago suggested legislation to watch over the Federal Reserve; that idea died out pretty quick. Most congressman and senators like the Fiat paper plan, as it guranteees funds for their pet projects to help get them relected.
Every time congress awards money for a project, or to a foreign country, or with bailing out huge corporations or banks like Chase Manhattan, the value of the dollar in our pockets becomes worth less. That is the REAL cause of 'inflation'. Add more paper money not backed by anything to the existing money supply, and the dollar loses value (buying power). So it's like Allan Greenspan said, it's a hidden tax on the American people.
Write your congressmen and senators. Tell them no more BAILOUTS! If huge corporations want to play that game, depending on influence and economic threat if congress doesn't bail them out, let 'em go down like the Titanic. The existing corporations and banks that want to play the bailout game will get the message, and be more careful about making dirty loans that create the reasons for bailouts.
How do bankers earn their revenues? By INTEREST payments on LOANS. They love... LOANS, the more the better, because that means MORE INTEREST MONEY COMING IN. The bigger LOANS the better too. And this little thing called the FDIC, it gurantees they'll get their interest when congress approves printing money out of thin air to back the FDIC bailing out their dirty loans! NOW do you understand why big banks like Chase Manhattan sends the poor all those credit cards? They'll even issue your dog one too if it means he'll use it!
The high finance schools teach that you can't get rich by savings, but only with credit, using other people's money! Don't let your personal home equity sit idle either, go take out another loan using it as collateral! Get a second mortgage and buy some more property, a new car, or boat, or vacation! The world is yours!, they would say. Once you get a bit of equity in that second property, go take out another loan using it as collateral! Build that debt up! Debt is good!! Oh, don't worry about going bankrupt. You can get a cut rate with your creditors, and after a while, you can do it again! Afterall, it was mostly other people's money you were using. That's how those in high finance think. It's nothing new. It began with the old goldsmith's principle...
In the day's of goldsmiths, folks that had no safe keeping place for their gold would bring it to goldsmith to put in their safe. The goldsmith would then issue a receipt. After a while, the goldsmith noticed the people would only regularly use about 10 % of their own gold kept in his safe. So the goldsmith began loaning the rest out to other people, with interest due. The goldsmiths learned that if they kept only 10% of other people's gold in the safe, while loaning 90% of it out, they would not run into problems. That 90% of other people's gold they called 'reserves'.
That goldsmith principle is STILL how banks operate today, including the Federal Reserve. The difference is it's no longer gold reserves, but a bookkeeping entry. The Fed sets the reserve rate percentage that banks must keep on hand in their safe. EVERY time a loan is paid back to the bank, they are allowed to call that reserves, and use the 90% - 10% goldsmith rule again, making another book entry to the good. THAT means creating money out of thin air just with a book entry to call it reserves. Then they loan 90% of that back out. They're allowed to do that until the percentage gets down to 10%, or whatever rate the Fed sets.
THAT is why George Washington and Thomas Jefferson and Andie Jackson were so opposed to Fiat paper money not backed by a gold standard. The government is not only allowing money printing out of thin air for bailouts and gov. projects, but ALSO banks are allowed to create money too, simply by a book keeping entry!
All the other financial stuff in the news today is eye-candy; designed to get our attention off of the real cause of our failing U.S. dollar.
