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The Federal Reserve From Creation in 1913 To Destruction in 2013 | Video Rebel's Blog

The Federal Reserve was created in 1913 to do four things which the FED is still engaged in today.  The Panic of 1907 was caused by speculators who used borrowed money to buy stock and by bucket shops which defrauded investors.  The Monetary Reform Commission  run by Senator Nelson Aldrich wanted an elastic currency so  the financial blunders of the 0.1% could be covered up by passing the costs onto the 99.9% through inflation. An elastic currency also allowed the costs of wars to be disguised  by inflation. The Federal Reserve also set up a fractional reserve banking system which permitted ten dollars to be loaned out for every one in deposit. This intentionally created an exaggerated credit cycle so bankers could profit from the wild swings in the prices of stocks and mortgages. And finally the Federal Reserve Note is an interest bearing currency which requires us to give the banks 500 billion dollars a year in interest payments for debts which are fictions created by a law passed in 1913. The Federal Reserve was designed to transfer our wealth to the bankers.

The Federal Reserve Act's elastic currency made it possible for President Wilson to promise to enter WW I. Wall Street wanted to enter the war so they could bankrupt England, overthrow the Czar killing 60 million Russians in the process and set up Palestine as a Jewish colony to be protected by the British Army. This was similar to WW II. The Japanese Emperor had  promised to withdraw from China and to even become an ally against Stalin as early as 1936. The German General staff under Beck and Canaris sent two men in March of 1938 to negotiate a treaty with the English offering to arrest Hitler. This means that World War II from the Rape of Nanking to the atomic bombs dropped on Hiroshima and Nagasaki and from the invasion of Poland to the fall of Berlin need not have happened. That 58 million people died for nothing does not merit a footnote in the stories told by the victorious Allies.

After WW II the US gave north Korea to Joe Stalin so they could set up the Korean war to get anti-Communists killed while running America into ground. On 11-22-1963 President Kennedy was killed on the 53rd anniversary of the first meeting to create the Federal Reserve as a message to the voters  to leave the FED alone. JFK's death also allowed Israel to develop the nuclear weapons he had opposed. It also allowed the US to be led into the Vietnam war so America could lose it while killing a generation of anti-Communists and anti-Globalists, That millions of people died in Korea and Indo-China and even more Unpayable Debts were piled onto America which  was very good in the eyes of bankers.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Tue Apr 17th, 2012 at 10:12:56 PM EST
[ Parent ]
That's an excellent example of what Bruce was talking about.

Everything in that quote is wrong.

Oh, and the language is Breivikesque.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Apr 18th, 2012 at 04:07:59 AM EST
[ Parent ]


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