Today I would like to share a special essay with you all, one that I personally had the most fun yet disgust researching; the ballad of the Federal Reserve. I recently finished this lovely piece with Bezos implementing his boring dystopia, so I figured it would be the perfect companion for our discussion about robber barons and a rigged system designed to keep us in wage slavery.
ALSO – I created a podcast episode out of this as well if you’d like to take a listen 🙂
The Ballad of our Federal Reserve
Centralized banking via the Fed has ostensibly become our fourth branch of government, yet due to the nature of how it operates has become the biggest grift in human history. New feudalism has solidified its hold insidiously throughout America, and many other nations, as their economies and governments are taken hostage by the international banking community known as ‘money changers.’ While this may be the most complex topic I discuss in this work, it will certainly be the most personally dangerous for me to write about too.
Since 1913 we’ve had the modern Federal Reserve system, a ‘quasi’ federal institution owned by private stock holders for their profit. The Fed is not required to report its shareowners that determine policy, has 7 chairs that serve 14 year terms, and only two spots are appointed by the President who dares not go against the wishes of Wall Street. It does not hold ‘reserves’ despite the misleading name; the Fed is run by the financial system for the pure purpose of “obtaining the greatest possible profits from the use of other people’s money.” Rep. Louis McFadden called it the “most corrupt institution” the world has ever known. The Fed has never been audited, it operates outside congressional oversight, is privately owned, yet has total control over the economy and our lives. It determines what our house, car, and other loan payments are while determining if we can even have a living wage. The Federal Reserve is the largest creditor in the United States and the borrower, in this case the American people, is always subservient to the lender. Always.
Our founding fathers didn’t want a centralized bank because they experienced firsthand the vast corruption that came with the territory. Thus the original currency of our young nation was colonial scrip, a project championed by Ben Franklin that was what we would call today a ‘constitutional currency,’ or fiat money, created and owned by America so that our money would possess no interest with debt free lending. Seeing their colonies moving towards financial independence with this, parliament passed the Currency Act of 1764 at the behest of their centralized Bank of England, forcing colonial officials to pay all taxes in gold or silver and banned fiat currency to force us onto a gold standard. After this act our colonies saw massive unemployment as they became increasingly indebted to England’s bank, and Franklin noted that the inability of the colonists to issue their own money, permanently in the hands of George III and international bankers, was the prime reason for our Revolution. America today is experiencing what early colonists revolted over, unable to keep up with inflation and debt. Our founding fathers knew the danger of banks accumulating too much power, as Jefferson said that banking institutions are more dangerous to our liberties than armies.
“The issuing power of banks should be taken and restored to the people for whom it properly belongs.” – Thomas Jefferson
Fractional reserve banking took over in the last year of the Revolution due to Hamilton and Robert Morris opening the Bank of North America (BNA) to supposedly ease the new country’s burden. However BNA was heavily modeled off the Bank of England with a monopoly on money and inflation, lending out money it didn’t even have while charging interest on it to create debt, blatant fraud for anyone besides a bank. It wasn’t long until the disastrous effects were felt as inflation skyrocketed, and William Findley noted that the purpose of this centralized system was to “engross all the wealth, power and influence of the state.” Jefferson also added that,
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent that their fathers conquered.”
Even Gouvernor Morris, part of Hamilton’s original team, quit the project saying,
“The rich will strive to establish their dominion and enslave the rest…They will have the same effect here as elsewhere, if we do not, by [the power of] government keep them in their proper spheres.” Despite the obvious fraud that was the BNA, three years later Hamilton proposed the first bank of US (BUS), which was just BNA with a different name; it even had the same president and board. Coincidentally at the same time Hamilton established his central bank a European financier by the name of Nathan Rothschild taunted the public, saying if he could control all a nation’s money “I care not who writes the laws.”
The Rothschilds were one of the OG money changers, they financed American railroads, steel, and banks; after JP Morgan died it was found he was a mere lieutenant to Rothschild, Morgan only owned 19% of his multi billion dollar bank and nearly his entire fortune ended up overseas. It is pretty well known that Rothschilds were behind the original BUS, and there are credible reports that they controlled over half of the global monetary supply after Nathan’s manipulation at Waterloo, a story for another day. This is just to say, Hamilton was a tool of international bankers. Our modern federal reserve is the same system, just with the ancestors of those original money changers in control. BUS was given a monopoly on economic power again, with 80% of its stock held by private investors and 20% owned by the government. Hamilton needed $10 million total to solidify BUS, and he grifted the government out of $2 million while issuing fractional reserves to begin raising $8 million from the American people in bonds, which BUS then charged heavy interest on. The founders of BUS, as with the Fed, did not spend a dime of their own money; instead they pushed risk onto the masses and created money out of thin air while selling us bonds to pay off its debt. Over the first 5 years of BUS’s life, the government borrowed $8.2 million and inflation rose 72% during the same time.
When Jefferson was elected he called the central bank a viper, wishing it was possible to amend the constitution and take “from the federal government their power of borrowing.” The press even attacked Hamilton’s child as a scam. (It would be nice if we still had free press that weren’t paid off). The charter for BUS was struck down by a single vote, and Madison’s admin sent it to Hell with dire warnings from money changers in Europe that there would be retaliation. 5 months after the bank was killed, the War of 1812 began; its largest financier? The Rothschilds. (It is very common for a central bank to lend to both sides in a war for maximum profit so they can’t lose either way.) Only 2 years after the war ended a new central bank was proposed, with the exact same charter as the BUS and BNA, funded in the same privatized manner through fractional reserve lending. The largest block of shares, about ⅓, were sold to foreigners; mainly the Rothschilds and their connections in England. We are able to validate this because at the time, many insiders claimed that the family not only controlled the Bank of England, but had just funded a new central American bank.
When Andrew Jackson took office he promised war on central banking, firing 2,000 federal employees who’d been paid off by the financial sector. When the banking caucus tried to get an early charter for the new BUS before Jackson could kill it, he vetoed the proposal while saying,
“More than 8 millions of the stock of this bank are held by foreigners…is there no danger to our liberty and independence in a bank that in its nature has so little to bind our country?” While he was horribly racist and the literal devil to indigenous populations, I applaud this particular sentiment. (Funnily enough, Jackson created the model for modern presidential campaigns as he took his message of “Jackson, no banks,” on the road). Nicholas Biddle, head of the new BUS, threatened to cause an economic depression by telling Congress he would make money scarce to force Jackson to maintain the bank. Congress complied because they were scared of the power bankers had, as Biddle would have just tanked our economy until they gave in, and it is the same hostage situation that we are in now because the Fed could theoretically just recall all debt and refuse to print any new money. The Senate voted to censure Jackson after Biddle’s interference, but luckily high profile politicians came out in support of the President, and an investigative committee was formed to look at the bank’s books and see what Biddle had done. He refused subpoena and withheld all payments to government employees.
Months later Jackson paid off all of our national debt for the first and only time in history by issuing fiat currency to buy government bonds, fully releasing the U.S. from any foreign creditors. Shortly after an assassin named Richard Lawrence tried to kill Jackson, found not guilty by insanity, but after release bragged that powerful Europeans had put him up to it and promised protection. Until the end of his life Jackson maintained that his best accomplishment was killing the central bank.
After money changers realized what Jackson had done with his veto, they threw countless resources into figuring out how to regain control of the American economy. The Civil War was caused not only by white supremacy and slavery, but this same centralized banking debate. It is questionable if Lincoln originally intended to free slaves or not, but in his inaugural address he said he had no intention. Additionally after the first shots were fired at Fort Sumter he stated,
“If I could save the union without freeing any slave, I would do it.” Otto Von Bismark was also a fierce ally to Lincoln, noting,
“The division of the US into federations of equal force was decided long before the civil war by the high financial powers of europe. These bankers were afraid that the U.S…if they remained as one nation, would attain economic and financial independence, which would upset their financial domination over the world.” Mere months after Fort Sumter, the Bank of England loaned Napoleon’s nephew 200,000 Francs to invade and take over Mexico while the U.S. was crippled by the Civil War, breaking the Monroe Doctrine which had prevented Europe from interfering in other states on the American continents. England also moved 11,000 troops into position along the Canadian border, and their naval fleet was on high alert to be called over any moment. On top of this, there was an international embargo placed on cotton that crippled the southern economy. This put Lincoln in a huge bind over the fate of the union; it was more than just a north vs. south, it was Americans vs. the ruling class. Do you see how the wealthy have divided us for decades and decades to maintain control?
As the war went on during the first year Lincoln enlisted Colonel Dick Taylor to create an economic plan for financing the conflict. Based on the constitutional rights given to the government to print money, Taylor and Lincoln settled on the idea of “greenbacks,” an interest and debt free currency that was distributed among Americans.
“The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers…by the adoption of these principles the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” – Abraham Lincoln after his greenback initiative.
At the same time Lincoln’s greenbacks began printing, an editorial in the London Times was published elucidating central bankers’ feelings about the new American currency; If the new debtless system lincoln created to finance the war was allowed to continue, then “that government will furnish its own money without cost. It will pay off debts and be without debt...It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.” There could not be a more revealing statement of money changers’ true intent.
Towards the end of the Civil War Lincoln passed the National Banking Act (NBA) out of desperation as the last battles loomed, solidifying a system of debted bonds backing bank notes to give them value, thus if we paid off debt it would destroy the money supply. Only 5 days after Lee surrendered Abe was murdered, a preemptive curtailing of his planned efforts to revoke the NBA as Lincoln stated, “the money power preys upon the nation in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy.” Lincoln and his treasury secretary Salmon Chase realized how much they’d fucked up with the NBA, with Chase calling it the “greatest financial mistake” of his life and noting that centralized banking had a monopoly on every interest of the country. After Lincoln’s death Von Bismarck commented,
“I fear that foreign bankers with their craftiness and torturous tricks will entirely control the exuberant riches of America, and use it systematically to corrupt modern civilization. They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the Earth should become their inheritance.”
70 years after the assassination of Lincoln, Gerald McGeer revealed what he believed to be a plot that was devised by the international banking committee, presenting a 5 hour speech before the Canadian House of Commons in 1934 at the height of the Depression. Mcgeer had obtained documents from secret service agents at the trial of John Wilkes Booth which suggested he was a mercenary working for international bankers who feared Lincoln’s “credit ambitions,” hatching a plot in Montreal to get him out of the picture. McGeer noted that this assassination was planned to destroy a continuation of the greenbacks and force a gold standard, important because America has a lot of silver; it is harder for banks to control a substance 15x more plentiful than gold, especially since scarcity allows cornering the market. Plus, America had laws at the time stating you could bring personal metals to the Treasury to be minted into new silver dollars. Now, money changers can’t have any of that nonsense where people could find and create their own money, so they ensured we would never see a constitutional currency again.
There was a two part strategy leading up to the modern Fed; propagandize and fear monger the idea of societal collapse without a centrally controlled money supply, while simultaneously restricting that money so tightly into the hands of a few that Americans would be desperate to get wages in any way possible. This would create a population simultaneously distracted from more important personal pursuits or knowledge while enduring constant servitude to the ultra wealthy for a check. Immediately after Lincoln was killed the Bank of England deployed Ernest Seyd to bribe politicians in America to shift onto the gold standard again, and less than 8 years after the great statesman’s death that currency was once again established. As a result, from 1866 – 1886 the money supply was restricted from $1.8 billion down to $400 million, a mere $6.67 per capita and a 760% loss in buying power. We are told depression and booms are natural, but it is truly a consequence of our money supply being manipulated. Money changers crafted a system of tanking the economy so that people would lose their assets and they could swoop in and buy, then loaning those same properties back out to people desperate for housing in a crashed market. After a crash, money changers would then pump it back up, skyrocketing the values of the assets they had just acquired for dirt cheap by flooding the market with money.
Seyd admitted to drafting the Coinage Act of 1873 (called the ‘crime of 1873’), and in 1876 the United States Silver Commission concluded that monetary control and contraction was fully at the behest of European bankers, noting how the Roman empire had its money supply shrunk from $1.8 billion to $200 million and this disaster led to the dark ages.
“When you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” – James Garfield. 2 weeks after making this statement Garfield was assassinated.
Money changers additionally wanted to create the illusion that decentralized banking was unstable, creating crashes that would allow them to consolidate power. For example, JP Morgan was able to successfully tank the market with his friends in 1907, and small banks, many of whom had reserves less than 1% due to the fractional system, were done. Morgan offered to prop up the economy by giving failing banks money, manufacturing $200 million of un-backed money from thin air. Banking power was consolidated into the hands of a select few, and shortly afterwards Woodrow Wilson (professor at Princeton at the time) said that “trouble could be averted if we appointed a committee of six or seven public spirited men like JP to handle the affairs of our country.” AKA, a fucking plutocracy.
After the panic of 1907 the National Monetary Commission (NMC) was formed to supposedly look into the banking industry and regulate them. JP and co. were all over it, installing Senator Nelson Aldrich as head of the committee, whose district included the richest banking families on the east coast. Immediately after the NMC was set up Aldrich took a 2 year tour of Europe to “consult” with central bankers, costing taxpayers $300k. After he returned to the U.S, 7 of the wealthiest and most powerful men in America boarded Aldrich’s train car to Jekyll Island, off the coast of Georgia. A man named Paul Warberg was also among the group, and had a $500,000 per year salary to lobby for another central bank here. Warberg was paid staff of a company owned by Jacob Schiff, the grandson of Nathan Rothschilds’ most intimate business partner.
Money buying American policy is nothing new, and decisions like Citizens United were made to blow the lid off campaign finance law and extend the same tax dodging evasions that individuals could engage in to corporations. People such as Mitch McConnell champion ‘money as speech,’ and gladly request that donors talk with their checkbooks. The concept that drives our entire campaign system is who can grab the most profit, who has the most capital to put out constant ads and content. Thus, our system has become about who the best fundraiser is, rather than knowledgeable candidates from diverse communities that would represent the American people fully. I will expand upon this further in book 2, but the energy of American politicians often goes towards ensuring they and their donors have secure futures. The late John McCain was actually a vocal opponent of campaign finance being so deregulated, and his battle with McConnell was legendary within the Senate. Unfortunately this story will have to wait, but the turtle lived to have the last laugh.
The men at Jekyll island went by first name basis so that their servants wouldn’t know who was a part of the plot; “If it were to be exposed that our particular group had got together and written a banking bill, that bill would have no chance whatsoever of passage by Congress.” – Frank Vanderlip, former CEO of Citigroup.
By 1913 only 19% of banks were national and corporations were even financing their own expansions, with 60% of industry independent from banking. Obviously, this had to be stopped in the minds of our dear Jekyll 7. To cut out competition, they began strategizing to create a massive media campaign that would pull the wool over American’s eyes and get them to support their own demise. The most important point brought up at the meeting was that the word ‘bank’ should not be in the title to conceal its monopoly characteristics and avoid association with the past failed projects like Hamilton’s.
Thus, the skeleton of our Federal Reserve was created in 1910, narcissistically named the “Aldrich Plan” after the politician who thought he was getting away with robbing America blind. The Fed’s operating structure is the exact same as every corrupt central bank we’ve had before; bonds (government IOUs) are purchased by the Fed from whoever is offering them. 2. Fed pays for said bonds with electronic credits to the seller’s bank, with no guaranteed value because the Fed creates money out of nothing. 3. Banks then use these credits as reserves with the ability to loan out over 10x the amount of those reserves to new borrowers, all at interest. So a Fed purchase of $1 million turns into $10 million based on NOTHING. To restrict money in the market the Fed just sells bonds back to citizens and their money gets tucked away in banks at the same 10x creation rate, so with a $1 million purchase, $10 million is taken out of the economy. Jekyll’s effect was to misdirect banking reform efforts, preventing a constitutional debt free currency from existing, then delegating the right for bankers to create 90% of our money supply based on fractional reserve. This centralized control of the entire economy into the hands of a few, and most importantly established a national bank with independence from political control.
This is the reason we have such volatile booms and busts, money is never stable because of this constant back and forth inflation that wrecks the average person’s ability to keep up in the economy through stocks or whatever else, relying on their wages from above. To fool the public there was a board of governors appointed for the Fed, but all bankers had to do was buy their way onto it. The President or politicians aren’t going to go against the wishes of Wall Street either, because they know America is a system of modern slavery that they could be on the wrong end of if they resist big money. As a part of their promotional strategy New York banks began financing professors to endorse new centralized banks, and Woodrow Wilson was one of the first. However they didn’t get the votes for the Aldrich Bill because people like Rep. Charles Lindbergh called their bluff, so the money changers were forced to wait in frustration for another shot in 1912.
The banking industry began financing their star pupil Wilson to be the next president and he was ‘educated’ by Bernard Baruch who was, surprise, employed by the Bank of England. In my mind Wilson was perhaps the single most damaging president to our country; not only reinforcing but ardently supporting white supremacy (going so far as to show a KKK propaganda film at the White House), while being so ignorantly selfish that he essentially enslaved America for personal status while dragging us into the great war. (Which also directly benefited his patrons). Bankers finally had their own special candidate nearly a century after Jackson had ended the first attempted scheme. William Jennings Bryan had seen through the bank’s facade at the end of the 19th century into the 20th, rallying against the finance industry in his most famous speech “Cross of Gold’ while running multiple times for president. He even called his supporters “greenbackers” in hopes of restoring Lincoln’s constitutional fiat currency. Despite his fierce fight he was completely duped by Wilson, brought into the new President’s cabinet in 1912. He resigned from the staff after realizing Wilson was bought and infected with banking propaganda, becoming fully disillusioned and quitting after the sinking of the Lusitania, a likely manufactured plot to drag us into WWI.
“The Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House [and Baruch], established here in our free country the worm-eaten monarchical institution of the king’s bank to control us from the top downward, and to shackle us from the cradle to the grave.” -Louis McFadden.
In 1913, The Federal Reserve Act was passed, giving bankers their personal institutions of robbery and a currency backed by gold they could manipulate to their heart’s content since the Bank of England owned most of the world’s gold at the time. The Glass-Owen Bill (housed the Fed Act) was a copy of the Aldrich Bill on every important matter to a T, which was a copy of the BUS and BNA before, and Warberg even had to bribe Democrats extra to assure them it wasn’t the same. Frank Vanderlip notes that,
“Although the Aldrich federal reserve plan was defeated when it bore the name Aldrich, nevertheless its essential points were all contained in the plan that was finally adopted.” After the act was passed the soulless Aldrich said,
“Before passage of this act the New York bankers could only dominate the reserves of New York. Now, we are able to dominate the bank reserves of the entire country.”
“When the president signs this bill, the invisible government by the monetary power will be legalized. The worst legislative crime of the ages is perpetuated by this banking bill.” – Rep. Charles Lindbergh in regards to the Federal Reserve.
To solve the problem of interest on unlimited federal debt that bankers had just created with the Fed, Wilson instituted the income tax; perhaps the second biggest crime against Americans besides the Fed. Corporate income taxes had incidentally been found unconstitutional by the Supreme Court just 4 years earlier, and a citizen income tax had been struck down in 1895. This didn’t stop power hungry sociopaths, and Aldrich hustled the 16th amendment into Congress so that he and his banking interests could get away with the income tax. It’s up for debate as to if the 16th amendment is even legal, since not all the required states ratified it. Our income tax is nothing but a guarantee that bankers have control over our debt, and thus our lives. The entire economic system, our centralized bank, everything, is private to be “conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money. They know in advance when to create panics to their advantage. They also know when to stop panic. Inflation and deflation work equally well for them when they control finance.” – Rep. Charles Lindbergh.
Within a year the Fed had nearly all monetary control over our economy, and Mcfadden notes “it [the Fed] has become a superstate controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” In America we have one elected government that operates in the light, and we have an even more powerful one that is unelected; a dark and insidious force controlled by a select few individuals. Even Thomas Edison was against the Federal reserve, saying that it was “absurd to say that our country can issue [bonds not currency]. Both are promises to pay, but one promise fattens the usurers and the other helps the people.” Wilson himself noted that we had become a government under the duress and weight of a few dominant men, a power so pervasive that we shouldn’t speak above our breath when we speak in condemnation of it. On his deathbed, Wilson lamented that he had “unwittingly ruined my government.”
News outlets have been thoroughly paid off, claiming depressions can be avoided through the power of the Fed, when in reality they are just manufactured by a few looking to profit. “These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers, and the columns of these papers, to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.” – Franklin Delano Roosevelt.
Debt Based banking is why we go to war, our bonds drive the military industrial machine that fills the pockets of the top few. Our endless debt generated from conflicts like WWII (55% of the war was footed by American taxpayers) goes straight into the coffers of war financiers, the international banking community. Money changers even began funding revolutionaries as a sort of twisted revenge for the czars that had denied creating centralized banks in Russia and Asia. Jacob Schiff and others bragged of spending $20 mil to overthrow the czar of Russia, and Chase Bank funded most of the Bolshevik revolution. The modern day Morgans, Rockefellers and Aldriches are all intermarried, as are the Rothschilds, Schiffs, and Warbergs. Even Lenin realized he was not fully incharge of his new country, seeing that international banks now controlled the flow of money into Russia. Bankers believed they could control socialist leaders by drip feeding them resources, but they lost control over several such as Mao, and this is why in practice communism ended up being a dictatorial regime. “Communism, or more accurately, socialism, is not a movement of the downtrodden masses, but of the economic elite.” – Gary Allen, a word of warning to those who believe socialism is the answer for America.
The influence of the wealthy is not a conspiracy theory, events like Jekyll island actually happened to consolidate power. The League of Nations, for example, was just one giant scheme to eliminate borders so that international bankers could control everyone, and they’ve seen that dream coming to life since the establishment of the IMF. Every depression, recession, and boom since 1913 has been directly controlled by the Fed and its invisible hands. Curtis Dall, the son in law of FDR has written about how his father figure was a mere pawn for the banking industry, noting that the Great Depression was due to “the calculated ‘shearing’ of the public by the world money powers triggered by the planned sudden shortage of call money in the New york money market.”
At the height of the selling frenzy during the Depression, Baruche brought Winston Churchill into the NYSE and bragged about how much control he had over events on the floor, that this was his design. Louis McFadden and other representatives also realized this, and connected the depression to a plot by the Bank of England to reclaim the gold they’d lost during WWI. McFadden also warned of U.S. money being used to build up Nazi Germany, as he noted that “after WWI, Germany fell into the hands of international bankers. Those bankers bought her and now they own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil…they control all production…and all public utilities.” The Federal Reserve pumped $30 billion into Germany during the 30’s, a paltry reported sum of the actual figure, which was certainly nearing the hundreds of billions.
Despite our economy still being tied to the gold standard, right as the Depression ended FDR shockingly recalled all of America’s gold in Executive Order 6102; an illegal act that outlawed Americans from purchasing further reserves which he claimed would worsen the Depression through “hoarding,” and mandated all the bullion in America to be stored inside Fort Knox. A note about this order; nobody knows who the true author is, FDR himself didn’t, but it is suspected to have been drafted by either Baruche or another embedded banker and passed through the Treasury to the President.
The most insidious stipulation of FDR’s executive order was that the second Fort Knox filled with American’s treasure, its doors were sealed and overnight the price of gold nearly doubled to $35 an ounce. Remember, FDR banned Americans from purchasing or selling gold, even at these newly inflated prices, but there was one group that conveniently could; international brokers. Since then it has come out that the Rockefellers manipulated the Fed to sell Fort Knox gold at bargain bin prices to their anonymous European sources, then those sources flipped the gold back at full price. (Most likely Rothschilds, Baruch, Schiffs, and Warbergs). Nelson Rockefeller’s secretary leaked this story of the American people being completely robbed, and three days later she was killed after falling from a skyscraper under dubious circumstances at best. If you thought that was bad, what followed is the dirtiest, most conniving heist in American history.
Following WWII 70% of the world’s gold supply was supposed to remain in Fort Knox, as after the World Wars America reaped the rewards from its winning efforts and exponentially increased its gold reserves (billions upon billions of dollars). We know that Rockefeller had been trickling gold to Eruope earlier in the 30’s, but after WWII ended the Federal Reserve made its move. Over a couple decades the Fed quietly repossessed every single ounce of gold that was left remaining from Rockefeller and friends in the vault, and much of this was either shared with their European counterparts or kept within their own board’s pockets. As soon as the trickle out was completed, Nixon seemingly out of nowhere passed an act to end the gold standard, cutting off what was supposed to be in Fort Knox forever and beginning the ‘Nixon Shock.’ American’s gold was swindled from right under our noses. There has famously never been an audit at the military compound, and the government has refused to open the doors since Nixon sealed them for good. By the time we realized what had happened at Fort Knox it was too late, the Fed and its private investors held all the remaining funds; billions of dollars taken straight from the pockets of American people and fed directly to bankers. It is the largest heist on record.
“The powers of financial capitalism had a plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert.” – Carroll Quigley. “WWIII” is being fought over the debt and future of developing nations through the IMF, a scheme that perpetuates some of the worst global poverty while a few fat fucks at the top sit back and laugh.
Until we start talking about who controls money it is just a shell game, a facade that keeps us trapped in constant debt and inflationary struggle. No matter how balanced the budget is we will always be indebted to Wall Street and the hidden interests pulling strings since America can’t control our own money, the privately owned Fed does and they don’t have to disclose any of their shareholders. Whatever lies we have been told growing up, that the American dream exists, that we live with freedom, we don’t. America is a system of new feudalism designed at the hands of a select few and perpetuated for generations by their families. In book 2 I will discuss how we can look at eliminating interest and reforming our banking system, but for now know that Lincoln’s dream of a constitutional currency is feasible. Personal and national debt could be eliminated in two years or less and it wouldn’t require a return to any gold standard, simply constitutionally issued currency for bonds with a mix of some inflationary management. (Ironically, I find Friedman’s ideas regarding this topic to be fantastic). Further, shifting off of debt based banking would be the only way to permanently lower, or eventually eliminate, taxation. We can liberate ourselves from this oppressive system, but it will take a genuinely courageous, collective movement to do so. Great minds such as Aristotle and St. Thomas Aquinas believed that the purpose of money is to serve society, facilitate trade and exchange of goods to live a virtuous life; debt and principal interest exist contrary to reason and justice within humanity.
I hope you enjoyed this look into the corrupt origins and operation of the Fed. It truly becomes clear how tightly controlled our economy is by the hands of a few; every recession, depression, and boom can be explained by the insidious forces controlling Fed action. Remember, we have no control over who is appointed to the Fed, what their interests are, or how they decide to utilize the massive power of money creation. In a centralized and undemocratic process the majority is bound to lose, and the Fed has kept us in financial servitude for far too long.