Forum Post: Abolish the Federal Reserve
Posted 12 years ago on Dec. 8, 2011, 12:47 a.m. EST by anz02002
(2)
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We still don't know who owns the Federal Reserve? We still have no control over Federal Reserve, essentially our money?
It is also funny mentioning that when Federal Reserve came into play, that is the same year that income taxes were procured?
Any ideas....I am a strong believer that Federal Reserve (or the Central Bank) is main cause of the economic collapse as they essentially control the money supply?
I need opinions please!!!
There is no economic collapse. There is a World Financial Crisis. - WFC This is a consolidation. There has never been a situation, where such a vast amount of cash has entered the system so quickly, so amongst other agendas that have been in play for some time, the powers that be are playing catch-up to some extent.
The last "big one" , was the mid seventies oil price hike that sent huge amounts of fresh laundered cash into the banking system. In that episode, the cash that was suddenly deposited in the system allowed for a huge creation of credit which was shovelled out to mostly foreign countries , which served three purposes, 1 - a market for debt, 2. are market for products bought with that credit 3. Indebtedness of those nations and thus control over their economies resulting in cheap resources and forced opening up of their markets via WTO rules.
This time around, there was the perfect storm of petro dollars and deposits from consumers via Chinese deposits. The United States under Clinton had relatively no debt, a situation bankers abhor. What to do with this tsunami of cash coming in. War is an old favourite. US launched into 2 wars. Keep the Military Industrial Complex very happy and the many in Washington who benefit from it. Next, Wall Street. Massive availability of personnel debt (plastic) and off course the housing bubble and a new tool by bankers: their own trading houses. In due course, there had to be a consolidation, and thus the WFC. A huge amount of debt consolidated into one client, the US Government, who have an arrangement with the FED, that is to be their debt collector via taxes.
Why this is not 1930, is that individuals no longer have cash savings in the bank, so there can not be a run on the banks. There is another world out there trading with themselves. BRICS countries and others.
The masters of US and EU have an agenda we are not privy to, but can only be guesed at, and will in due course become apparent.
Look for the winners, beneficieries so far. This story has not quite played out yet. This could be make a good novel, a family that owns the world, with legs both in US and EU playing monoply which would be preferable to a bunch of stupid white men at the controls, akin to GM infamy.
Isn't it ironic that the people (whose sovereign right it is to create credit, and have delegated corporations this right - in trust, to manage diligently) must find a budget (to be approved by politicians- financed by bankers) to pay an army to go after the bankers.
Bankers use the power to create credit WE gave them, to hire the best and brightest and most experienced legal minds in the nation to oppose the people, who wish to prosecute malfeasance, against the peoples TRUST. Bankers do this at no cost to themselves, simply by the expedient of honoring their own check.
Giving the power to create credit to private corporations was justified by the fear that politicians would, abuse our trust I have no doubt, politicians would abuse our trust, but am now faced with the criminal behaviour of those we had hoped, could be trusted. We must apply at new paradigm. I believe and suggest "the power to create credit" must be taken back by us, the people. To be called Democratic Credit, it shall be a right alongside "right to life, justice, health, religion, education, .."
Let us put together a Charter that will allow people, and not corporations or shareholders to own banks, but individual "depositors"
Let the power to create be in service to the people to meet all our basic needs such as health, education, shelter, work. Let us build our communities and finally let the nation come to me, in the most democratic form off all, to ask me for the finance to deliver services that I think are necessary.
Do the 'Chartered Banks of the People" wish to finance an undeclared war in a foreign country that is not a security threat, but has valuable oil reserves. NO
Does the "Chartered Banks of the People" wish to finance alternative energy programmes, projects that will create millions of jobs for its people that will provide security, stabilize its currency against foreign reserve depletion, and avoid the deaths of its young men. YES
It does not require the destruction of one system for another; it does not require the risky change back to the "gold reserve standard" advocated by the next likely President of the United States, Ron Lawl. (How will the Banksters deal with him?)
All it requires is enough honest individuals to get together to for the first Chartered Bank of America, apply honest regulation, and LOBBY the people of America to give you a " Commercial Bank Trading Licence", currently only issued by the FED, a private consortium of bankers who control the "power to create credit" for the United States of America, the most powerful empire the world has seen in all history. The power to create credit, the most powerful force on the planet, a power if diligently applied and directed, can mitigate the damage we as a species is causing it and ourselves.
We do not need to battle the incredibly entrenched forces, but simply offer a humane alternative to ourselves. The time is now; the voice is the Occupy Movement - Worldwide Peace Ian
The Revolution has a new theme song!
http://www.youtube.com/watch?v=P89PlNkk0eY&feature=related
http://occupywallst.org/forum/make-a-stand-join-the-clan/
The Revolution starts here!