Forum Post: Why the fed must end

In 1910 there was a highly secret meeting in the Jekyll Island clubhouse Georgia. 1 Senator Nelson Aldrige (who was chairman of the National Monetary Commission, which had the purpose of taking power away from wall st) and 6 bankers representing the Rockerfellers, Rothschilds, Walburgs, JP Morgan and Koon lobe &co. Together they represented 25% of the worlds wealth. They spent 9 days together there hammering out the key details of the Federal Reserve Banking System. The stated purpose of the bill was to break up the money trust of wall st, but it was written by the money trust. It was done in secrecy because of the deception.

These banking interests wanted to join together to form a cartel. The fed is not a government operation, it is a banking cartel, enshrined in law. It is a cartel in partnership with the government. The government gets something and the cartel gets something.

The government spends more then it collects in tax revenue, so it goes to the fed and asks for some money, the fed says ok and writes out a cheque for the government (only the fed has no money in it's account, just a cheque book). The government then takes the cheque and deposits it in a federal reserve account, now it can spend the money that never even existed. It pays a postal workers wages into a regular banking account. Now the regular bank has money in its account. Banks only need to keep 10% of deposits in reserve so if the postal worker left $100 in their account the bank can lend out $900. The bank just creates more money, on top of the money that the federal reserve created.

The fed money is spent by government, then the banks take the money and collect interest on it, which is interest on nothing. This new money dillutes the value of the older money in that same that you could dillute soup by pouring water into it. Prices do not rise, the value of the dollar is going down. Prices generally remain stable, for example in Roman times a 1oz gold coing would buy you a toga, a nice belt and some good sandals. Today a 1oz coing can buy you a good suit, handcrafted belt and good shoes. Money loses value because of the constant dillution.

The loss of value happens once the money is spent, the first to spend it is the government, then the borrower gets the value through inflation, and the banks make the money from interest (on nothing). The person who recieves it as wages, and has to spend it losses. Inflation is a tax, the govt spends the money but keeps quite about the hidden tax of inflation.

Since it was pass on Dec22 1913 there have been over 100 ammendments to the bill expanding the powers and reach of th fed.

The publicly stated objectives were: To stabalise the economy and protect people from bank failures. Needless to say epic fail on that part. However it's real objectives were:- To stop erosion of power away from New York and the banks (not small banks this is a cartel that hates competition, they wanted to eliminate the small banks) - To prevent private capital formation (Business and households saving money to pay for things) because there was a gold standard and banks had no way to control interest rates they needed a tool to make interest rates lower, they wanted a currency made of nothing, because you don't have to charge much interest to make a profit on nothing. - The final objective was to pass on losses to the taxpayer, by forcing government to bailout coorporations and other countries that owed them money or else directly saving the banks.

Many coorporations are paying more to the banks then they pay to stockholders. Thomas Eddison said "People who will not turn a shovel of dirt for a project, nor supply any of the materials for a project, will collect more money then those that do all the labour and provide all the materials." The money was created from nothing and the banks make more money then those that do all the work.

There is a river of unearned wealth flowing into the banking cartel. When a person has all the wealth they could ever spend what else is left to buy? Only power, they have bought the power centers of society, MSM, politicians, political parties, coorporations, non profit coorporations, universities, local governments anything that has influence has been targeted by this banking cartel, even those that say they oppose them.

The name of the game is Power not wealth.

We have to end the fed.

We have to have an informed population, education is the key. Patrick Henery said "Our bretheren are already in the field. Why stand we here idle?"

Time is running out, whatever you plan to do for your country, for your freedom do it now.

[mostly taken from G. Edward Griffen, The creature from Jekyll Island http://video.google.com/videoplay?docid=-8484911570371055528# ]