Saturday, 20 June 2009

The Federal Reserve Scandal

The Federal Reserve does not belong to the people of America and it is not Federal at all. It belongs to a group of very rich families and privately owned Banks. Odd that the only five Presidents of the USA who wanted to take the control of the money supply away from the Federal Reserve, all had assassination attempts on their lives - they were Andrew Jackson, Abraham Lincoln, James Garfield, William McKinley and John F Kennedy. Only Andrew Jackson survived. They all wanted to abolish the Federal Reserve and take control of the printing and supply of money back into the hands of the Government.

These are the Banks that own the Federal Reserve :-

1) Rothschild Banks of London and Berlin; 2) Lazard Brothers Banks of Paris; 3) Israel Moses Seif Banks of Italy; 4) Warburg Bank of Hamburg and Amsterdam; 5) Lehman Brothers of New York; 6) Kuhn, Loeb Bank of New York (Now Shearson American Express);7) Goldman, Sachs of New York.

The Federal Reserve has never been audited, and Congressman Ron Paul has been lobbying for this for a long time now. One week ago he finally reached the magical figure of 218 supporters in Congress to attempt to get a bill passed so that the Federal Reserve will finally be subjected to the scrutiny of auditors and the American Taxpayer. So there may be a possiblity now that the American Taxpayer will see why it is they are paying their taxes to support a failing Banking system and how much money has been lost by the Federal Reserve, money which the taxpayer now has to pay back into the pockets of the few wealthy families that own the Fed Reserve.

It is surprising then, in view of the mounting criticism from all sides of the policies of the Federal Reserve, that Team Obama has now decided to give the Fed Reserve even bigger powers. Apparently the Fed are now given more power to oversee any financial institution deemed too big to fail.

Team Obama seems to have decided that the Fed should emerge as the premier financial regulator, even though it has just as much egg on its face as the much-maligned Securities and Exchange Commission for failing to blow the whistle on Wall Street's excesses. The same process appears to be happening in London, where the Bank of England has been given greater powers and in Germany.

This then is a trend. The 'central' banks are given bigger powers, are outside the area of audit and will now control all other financial institutions. Whilst the inhabitants of the countries where these banks operate will have to work harder and pay more taxes to finance the rich families that own these banks. Sounds like slavery to me.

President Lincoln warned the people of America :-
The money power preys upon the nation in time of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed.

President Jackson said:-
You are a den of vipers. I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.

President Obama has just given this den of vipers even greater power. Draw your own conclusions.

1 comment:

  1. Thanks for this post. It now makes clearer sense as to why the Bush administration chose partnership with Halliburton.