Posts Tagged ‘the Fed’

There’s a theory that contends the US Federal Reserve, aka the Fed, is an institution that acts independent of the US Congress, has zero transparency or accountability, and even determines its own monetary policy. If one day proven to be correct, the alternative theory surrounding the Federal Reserve is one that may explain a variety of unusual occurrences in financial markets over the years.

 

Image result for federal reserve act of 1913

 

We investigate the Fed, in general, and the Federal Reserve Act of 1913, in some detail, in our book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism. An excerpt from the book follows…

In 1913, the banksters finally succeeded in creating a US central bank with the passing of the Federal Reserve Act. This bill, which had already been soundly defeated several times, appears to have come to fruition only because of well-orchestrated timing: the Federal Reserve Act was slipped through a skeleton Congress on December 23, 1913 when most of the bill’s opponents had already left Congress for the holidays.

The Federal Reserve System, which was first devised in that secret meeting on Jekyll Island, was now codified by Congress and remains in effect to this day.

Fact: The Federal Reserve is the central bank of the United States even though it’s not a part of the US Government.

Say what?

It’s not a part of the government. Not even remotely.

But it says Federal! Surely it cannot be a privately owned organization?

The Fed is not a part of the government, at all.

Critics of the Federal Reserve say its sole purpose is to strip wealth from honest, hardworking American citizens and make the world’s leading banking clans even richer.

John Hylan, Mayor of New York City from 1917 until 1925, made some extraordinary statements in a speech he delivered in 1922. What Mayor Hylan said seems to confirm a grand conspiracy was indeed devised for the American banking system by the global elite.

“The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation,” said Mayor Hyland. “To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interests and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both parties, write political platforms, make catspaws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business.”

Only nine years after the Federal Reserve System was created, Mayor Hylan already seemed to be aware that this “invisible government” of “powerful international bankers” was controlling the US Government.

Cast your eye over these other quotes about the Fed and make up your own mind…

“The regional Federal Reserve banks are not government agencies…but are independent, privately owned and locally controlled corporations.”–Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.”–Senator Barry Goldwater

“The Federal Reserve bank buys government bonds without one penny.”–Congressman Wright Patman, Congressional Record, Sept 30, 1941

“The financial system has been turned over to the Federal Reserve Board. That Board administers 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.” –Charles A. Lindbergh Sr., 1923

 

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

 

INTERNATIONAL BANKSTER$  is exclusive to Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/

 

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Many veterans of the banking and financial sectors have either stated or heavily implied that the world’s money supply is essentially being created out of thin air and has no real value. Those who subscribe to this school of thought say the shaky foundations of financial systems in the 21st Century is mainly down to the fact that all countries use Fiat Money, or inconvertible paper money made legal tender by government decree.

We address this in book five in The Underground Knowledge Series – the contentious new release, INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism.

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

An excerpt from INTERNATIONAL BANKSTER$  follows:

Throughout history, at various times and as recently as only several decades ago, other monetary systems were traditionally used such as Commodity Money or Representative Money. This meant the value of the money was either in the currency itself (e.g. real gold and real silver coins) or else the currency was a direct representative of a real commodity in physical storage (e.g. gold and silver certificates).

However, other financial whistleblowers argue the monetary and inflationary problems undermining the world at present have more to do with the fraudulent activities within elite banking circles than they do with the Fiat Money system.

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“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air ‘money’ require no effort and are entirely ephemeral. But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.”Chris Martenson

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This headline in The Washington Post  edition of May 20, 2015, caught our eye: “Five big banks agree to pay more than $5 billion to settle regulatory charges.” That sounded like a reasonably large fine to us…until one critic described it as “a slap on the wrist”. When you consider the monies involved, that critic is probably right.

Excerpts from that article follow:

“Five of the world’s largest banks have agreed to pay more than $5 billion in fines to settle charges made by regulatory agencies and the Justice Department that the banks had acted in concert to manipulate international interest and foreign currency exchange rates.

“Attorney General Loretta E. Lynch said the banks had engaged in ‘brazenly illegal behavior . . . on a near-daily basis.’ She added that the deal showed that the government ‘intends to vigorously prosecute all those who tilt the economic system in their favor (and) who subvert our marketplaces’.”

The article continues, “The scale of the price-fixing scandal is hard to grasp, yet it touched, imperceptibly, almost every company and individual in the financial markets. By tweaking global benchmarks used to set foreign exchange and interest rates for a staggering number of transactions a day, the banks — over several years — bilked billions of dollars of extra profits by altering rates in their favor.

“Critics complained that the Justice Department had failed to prosecute any additional individuals… The fines, however, are among the largest ever. Barclays will pay $2.4 billion and fire eight employees who violated New York banking law for attempting to manipulate spot foreign exchange markets, in which $500 billion worth of dollars and euros are traded every day — five times as much as on all U.S. stock markets combined…

“Dennis Kelleher, president of Better Markets, a non-profit group, said that the Justice Department had not done enough, saying ‘it talks tough, but winks at Wall Street’s too-big-to-fail banks’ criminal conduct, structuring sweetheart deals to minimize the impact on the criminals.’ Kelleher said the fines alone wouldn’t deter future criminal acts and that the Justice Department should punish bank executives and their supervisors for bad behavior. ‘Banks don’t commit crimes, bankers do,’ he said”.

File:Exchange Money Conversion to Foreign Currency.jpg

We gotta ask…What value do currencies really have?

“Banking is changing, slowly, but its culture is still corrupt.” That’s according to a headline in The Guardian  newspaper’s edition of November 16, 2014.

In the article beneath that revealing headline, Guardian  columnist Will Hutton says, “Another week, another financial scandal. Six global banks, including RBS and HSBC, were fined £2.6bn last week for rigging the foreign exchange markets. Since 2008, total fines levied in Europe and the US for banking crimes and misdemeanours now top £100bn, with banks making provision for a further £60bn. British banks alone have set aside an estimated £30bn for fines, provisions and litigation costs.”

Hutton asks, “What has gone wrong with Western finance?”

We are asking the same question.

Hutton continues, “The systemic ripping off of customers continued after the financial crisis to constitute what is now the biggest-ever global corporate scandal. Banks worldwide duped clients into buying products that were either not needed or provided no purpose. Worse, they organised financial markets whose purpose was to serve their own interests rather than those they purported to serve. It has proved a hard habit to break.

“British banks selling payment protection insurance (PPI) products on an industrial scale were doing what a street vendor in a bazaar might try. It shouldn’t have happened but it’s a perennial temptation. Finance is more exposed to this sort of risk, because customers are more credulous about financial products; and also because regulators have allowed banks to book the profits from products they sell on the moment of sale rather than over their life”.

Hutton concludes, “And yet reading the chatroom banter, with its echoes of the banter over mis-selling PPI, rigging interest rates or derivatives, offers a window into a very degraded culture. Making money from money, with the clients’ interest last, is too dominant an element in the culture of investment bankers. Companies are seen by too many people, notably shareholders, as just instruments for self-enrichment”.

But honestly, what can we expect from banksters when all they usually receive is a “slap on the wrist” from lawmakers whenever they get caught doing wrong?

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“We know now that Government by organized money is just as dangerous as Government by organized mob.”Franklin D. Roosevelt

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You have been reading an excerpt from INTERNATIONAL BANKSTER$. (To be continued).

This book is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

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You don’t need to be a financial wizard to know that corruption is alive and well inside the global finance sector. On a daily basis we are bombarded with mainstream news headlines confirming exactly that – the corruption rumors swirling about the European Union (EU) and the escalating Greek financial crisis being a case in point.

We explore these themes in our new release book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism.

An excerpt from the book follows:

Banks and bankers, of course, are at the very apex of the finance sector. So let’s take a closer look at banking in the 21st Century.

Surprisingly, some of the most perceptive insights into today’s banking system and the problems that pervade it are to be found within alternative media. It turns out there’s a number of former bankers and money men (and women) to be found within the ranks of the citizen journos, or lay journalists, who ‘man’ these alternative media sites.

One of the best summaries of corruption of the banking system, in our opinion, is to be found on the appropriately named TheAlternativeMedia.com  site. On that site, one Mitchell Cagle writes:

“Banks for decades have been the central source of where we save, manage and deposit our money. Many people do not know what actually goes on when your money is deposited. The bank uses your money to invest then gives you a fraction of what they make in interest. Sometimes that interest can actually end up being nothing due to the “fees” they actually charge that are excessive and fraudulent in most cases.

“Lately, banks have increased these fees some 54% resulting in profits of 34 billion dollars per year. It becomes increasing(ly) difficult to balance a checkbook anymore because of these “hidden fees”. If you have a savings account, you are also being ripped off with monthly fees just for having the privilege”.

Cagle lists the following as “examples of how we are being ‘feed’ to death by the banks:

“Banks engage in abusive practices that maximize overdraft fee revenue. The most common triggers of these fees are small debit card transactions that could easily be denied for NO fee.

“They charge exorbitant fees that bear NO relationship to the cost of covering an overdraft.

“They charge excessive numbers of overdraft fees over the course of a day, month or year.

“Automatically enrol customers in the most expensive overdraft protection possible.

“Monthly fees from nine dollars to thirty dollars for checking and savings accounts that used to be FREE.

“They push customers to use debit cards because it cost them LESS to process but GOUGE retailers and customers because of the monopoly setup of the payment system”.

But of course hidden fees are minor tools, or strategies, compared to other tricks of the trade employed by banksters.

 

A sea of never-ending debt

For a more ‘qualified’ insight into the money system, money markets and banking, you can’t go past Ellen Brown’s bestseller Web of Debt. An attorney, Ms Brown is founder of America’s Public Banking Institute. She’s also a harsh critic of what she describes as the money system.

Web of Debt’s blurb reads:

“Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over by private money lenders. Thomas Jefferson called them ‘bold and bankrupt adventurers just pretending to have money.’ Except for coins, all of our money is now created as loans advanced by private banking institutions — including the privately-owned Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices — and robbing you of the value of your money.

“Not only is virtually the entire money supply created privately by banks, but a mere handful of very big banks is responsible for a massive investment scheme known as ‘derivatives,’ which now tallies in at hundreds of trillions of dollars. The banking system has been contrived so that these big banks always get bailed out by the taxpayers from their risky ventures, but the scheme has reached its mathematical limits. There isn’t enough money in the entire global economy to bail out the banks from a massive derivatives default today”.

Even if Ms Brown is only partially right in that assessment, it still means there is a massive monetary predicament looming.

 

“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air ‘money’ require no effort and are entirely ephemeral. But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.” –Chris Martenson

 

You have been reading an excerpt from INTERNATIONAL BANKSTER$. (To be continued).

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

This book is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

 

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INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism, book five in our Underground Knowledge Series, identifies who is responsible for the gigantic financial gulf that separates the top 1% of the population from the common people, or the 99%.

The financial overlords illuminated in INTERNATIONAL BANKSTER$  include the powerbrokers at Wall Street banks, European central banks, the US Federal Reserve and the Vatican Bank, as well as elite banking dynasties such as the Rothschild and Rockefeller families.

This new release book discloses the real reasons for the series of recent financial crises. These reasons include: the secret world of “black money” and Old World money where most assets and income remain undeclared; the central banking system and the true nature of the Federal Reserve; the less-than-holy financial activities of the Vatican; the IMF and World Bank’s sometimes less-than-charitable dealings with the Third World; the austerity measures currently being inflicted on vulnerable nations like Greece; as well as the theory that the world’s money supply is essentially being created out of thin air.

Beyond identifying the problems and exposing corruption, INTERNATIONAL BANKSTER$  proposes ideas for creating a fairer economic system. These ideas include: publicly owned banks; utilizing certain aspects of Islamic banking which may be compatible with Western banking systems; exploring whether capitalism and socialism can actually work in tandem; arguing the case to maintain but restructure capitalism; considering the merits of a universal income; and predicting how cybermoney, or cryptocurrencies, will influence the world economy in the coming years.

Though the subjects covered may be monetary issues, that’s on the surface only. In reality, they are humanitarian issues. As the authors state in the book’s opening pages, “Starving the masses of financial opportunities, sinking them in debt and cheating them out of various services their taxes should pay for, are among the greatest sins those in power can commit.”

As governments around the world continue to bail out privately-owned banking institutions ahead of rescuing the millions of citizens facing bankruptcy and eviction from their homes, INTERNATIONAL BANKSTER$  is a timely read.

International Banksters cover

 

INTERNATIONAL BANKSTER$  is available exclusively on Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

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INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (book five in our Underground Knowledge Series) is scheduled for a September/October release as a Kindle ebook on Amazon.

International Banksters cover

Book #5 in series.

The other books in The Underground Knowledge Series  (in order of release) are:

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http://www.amazon.com/GENIUS-INTELLIGENCE-Techniques-Technologies-Underground-ebook/dp/B00QXQQWXO/

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http://www.amazon.com/ANTIGRAVITY-PROPULSION-Technologies-Underground-Knowledge-ebook/dp/B00RSF22SI/

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http://www.amazon.com/MEDICAL-INDUSTRIAL-COMPLEX-Suppressed-Underground-ebook/dp/B00Y8Y3TUM/

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http://www.amazon.com/Catcher-Rye-Enigma-Coincidental-Underground-ebook/dp/B00YVROKZ4/

More books coming soon! Watch this space…

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In the latest Amazon review for our non-fiction book THE ORPHAN CONSPIRACIES: 29 Conspiracy Theories from The Orphan Trilogy, reviewer Joyce Metzger describes it as “A thought provoking, nail biting, wrinkled brow, and chilling after-thought realization book.”

Conspiracies

 

Here’s Ms Metzger’s (unabridged) review:

★★★★★  New Day for Polymath, Polyglots, and Hypnopaedia?

Clandestine activities, brain washing, CIA, FBI, global elites modus operandi, false flag propaganda, global financial crisis, corporation manipulation, banks, MK-Ultra, Project Monarch, the Bilderberg Group, world administration founder’s manipulation, and CEO’ s gone berserk are presented, and discussed in this thought provoking, nail biting, wrinkled brow, and chilling after-thought realization book.

“Bilderberg pulls the strings of every government and intelligence agency in the western world.” Is this true? Are they, are we, at the mercy of puppet masters who are cruel, manipulative, sadistic and sinister? Candidates presented for office have already been carefully hand picked, scrutinized, and sanitized. Voters have a tiny voice. If we tip the scales, the electoral vote decides the “right” way.

” The Fed is an institution that acts independently of the US congress, has zero transparency, or accountability, and it even determines its own monetary policy. ” Thomas Jefferson said that ” a central bank would lead to a monopoly.”

Two failures, then along comes the US Federal Reserve System. The entire monetary system seems to be a gigantic Ponzi scheme. The Fed controls interest rates, inflation, and the money printing. “Creating money out of air.” Better known perhaps, as vapor air, nothing solid to back it. Hot air balloons. Corruption feeding upon the road kill.
Check out this book. Visions are rare, or maybe, they are effectively stifled forever. Put on your Zap-cap. Have the hands of those puppets in power been tied by a Splinter Civilization? It’s true, we all need a light at the end of the tunnel.

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For more reviews on The Orphan Conspiracies go to: http://www.amazon.com/The-Orphan-Conspiracies-Conspiracy-Theories-ebook/dp/B00J4MPFT6/

 

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Less than six months before he was assassinated, President Kennedy had begun formulating a new Federal Reserve Act, which many say would have restored the US Federal Reserve to a fully-fledged US Government bank.

John F. Kennedy, White House photo portrait, looking up.jpg

President Kennedy went after the Fed.

A little-known Presidential decree – Executive Order 11110 – was signed by Kennedy on June 4, 1963. It would have deprived the Federal Reserve of its ability to loan money to the Government at interest. By signing the document, President Kennedy was attempting to put an end to the Fed – or at least the Fed as we know it.

Without going into the specifics of Executive Order 11110, it arguably could have stopped the US from reaching its record-level national debt.

Seven theses on the present crisis - João Bernardo

Instead, JFK was assassinated as we all know. But what is less known is the United States Notes the President had issued as part of the executive order – notes which were designed to replace the Federal Reserve Notes – were immediately taken out of circulation.

To this very day, the Federal Reserve Notes remain in circulation as the currency all Americans use.

And, of course, what also remained post JFK was a central bank only nominally under the Government’s control.

We provide an illuminating snapshot of the history of central banking in the US and the evolution of the Fed in our new release book…

Read more in THE ORPHAN CONSPIRACIES: 29 Conspiracy Theories from The Orphan Trilogy – available now via Amazon at: http://www.amazon.com/The-Orphan-Conspiracies-Conspiracy-Theories-ebook/dp/B00J4MPFT6/

A book that’s for the common people.

 

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