Depression II: The Destruction of the Middle Class

One could say, perhaps, that the creation of the Federal Reserve was perfectly legal. After all, a token number of congressmen signed off on it during its enactment on the Christmas Holiday of 1917. It even got past Woodrow Wilson's desk. An act giving the power to coin money from the congress and to the privately owned federal reserve.

Many have spoken out against this dispicable atrocity, but sadly, the issue has died down. The people's capacity to forget is quite amazing indeed.

Quote:

Originally Posted by Congressman Louis T. McFadden "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. The Federal Reserve Board, a government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it. Some people think the Federal Reserve banks are United States Government institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislation; and there are those who maintain an international propaganda for the purpose of deceiving us and wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime."

Quote:

Originally Posted by Congressman Charles A. Lindbergh Sr., 1923 "The financial system has been turned over to the Federal Reserve Board. That Board asministers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money"

Why wasn't such an important banking bill passed with all congressman in attendance?

Why is the United States government borrowing money from this Federal Resreve bank and paying interest when the Constitution of the United States gives CONGRESS the express right to coin money? It seems to me as if the constitution, in allowing Congress the power to coin money, is therefore giving the people the right to INTEREST FREE money. Any government that would forego the use of interest free money, opting instead to have interest charged and paid for in tax receipts is OBVIOUSLY comprimised.

Have not our rights been comprimised by this SETUP of the American people. President Andrew Jackson fought to rid this nation of the Bank of America, but the ability to coin money fell, once again, into the hands of private credit monopolies. Upon his death Jackson had the inscription "I Killed The Bank!" carved onto his tombstone.

Everyone's upset about what is happening since 9/11, and I think that this is rightly so. George Bush's administration has spent such a massive sum of money that the US foreign ~8 trillion dollar debt ceiling is estimated to be reached this March. Coincidently, the Federal reserve has announced that it will no longer publish the money supply figures in March. This means that there will be now way for Dollar holders to determine the amount of dollars in supply.

I believe that the Fed is trying to cause a Dollar collapse; a depression, the likes of which will make Depression I look like a CAKE WALK. If you look at the price of Gold, these days, you will see that it is repeteadly making 25 year highs. Commodities, in general, are running up to new highs every day.

One law of economics that I have always lived by is, "there is no such thing as a free lunch." Benjerman Bernanke, the new Federal Reserve Chairman believes, however, that with a printing press, all of our problems can be soved. Yes, I kid you not, the Federal Reserve is in the hands of this man now and, as of March, we will have no way of tracking any further abuses.

Consequently, I predict that the US Dollar, which has already fallen ~30% since 2002, will collapse and be worth less than half of what it is currently worth. If you simply look at the amount of money that has been put into the system you can see that, without higher and higher levels of foreign dollar purchses, the US dollar will collapse.

Unfortunately for America, the foreign governments, saturated with useless US Dollar reserves, are opting to increase their gold and non-dollar holdings. This spells the perfect disaster for the super wealthy to profit from simply by moving their assets into gold, silver, base metals and resource stocks.

The time has come to prepare for a Weimer Republic style disaster in America. Protect your family by purchasing silver coins; coins which have generally been able to purchase a week worth of groceries during a depression. Prepare yourself, or you will be stuck in this country without any legs to stand on.