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Archive for Wednesday, January 7, 2009

Bank power

January 7, 2009

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To the editor:

Why is it that the American people don’t learn from their leaders and their history? Two great American presidents saw this current reality and revealed it to us. One of these presidents was a Founding Father; the other was the predictor of the beginning of the end.

Thomas Jefferson once said, “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 that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. ... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulated.”

After establishing the Federal Reserve central banking system in 1913, Woodrow Wilson said, “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

When are real Americans going to stand up and take back this country? Bailing out bankers is not the answer. The solution lies in returning the power to the people.

Frank Hays,
Lawrence

Comments

VTHawk 5 years, 7 months ago

Yeah, except that it is the Treasury printing money like it is going out of style. An independent central bank is one of the key elements of a developed/developing economy. The problem is that the Fed, rather than taking a very conservative approach (not political conservatism), tries to be all things to all people. Greenspan got us addicted to easy money, and it has led to bubble after bubble--each one worse than the last.In addition, the growth of credit has been a key element of America's wealth over the last half century. It is true that people have dug themselves too far in debt, but it is (again) our GOVERNMENT that is the world's largest debtor. The largest debtor in the history of the world, actually.

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bondmen 5 years, 7 months ago

America's Founding Fathers had great wisdom on many things, in particular on money and central banks. No one can say it better than they so here's:"A collection of quotes from America's Founding Fathers, selected economists and a few notable contemporary leaders."http://www.rediscoveringgold.com/index.php?page=append1Where do we go from here? Read anything you can by Dr. Edwin Vieira, Jr. who knows history and the legal and monetary mechanics revolving around money and central banking.

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BrianR 5 years, 7 months ago

“Power never takes a back step - only in the face of more power.” -- Malcolm X

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SearchingForTruth 5 years, 7 months ago

Yes our elected leaders sold out the country back in 1913. Nixon took us off of the gold standard entirely in 1971. Our fiat currency is dying. The End The Fed movement is growing:http://www.endthefed.us/

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SearchingForTruth 5 years, 7 months ago

And from the latest Bob Chapman article:The Fed now acts as our private British Mercantilist bankers, and it is owned by both US and European Illuminist interests, with the European interests being the same banking families and families of Black Nobility who have been attempting to retake America since the Revolutionary War, and who will stop at nothing to make America their oyster again. For his insolence in rejecting the European bankers and their co-conspirators among the Black Nobility, President Lincoln was assassinated. On June 4, 1963, President Kennedy attempted to do the same thing as President Lincoln with his Executive Order 11110, that would have put the Fed out of business, and thus suffered a similar fate. The assassinations of President's Garfield and McKinley, as well as the attempted assassinations of Andrew Jackson, were all directly tied to their stand against private international bankers and their conspiracy to take over our financial system. Will Barack Obama also go maverick on the Fed and risk assassination to save our nation? It would be nice to think so, but we doubt it. On the other hand, if that's why he is using Lincoln's Bible, then we, of course, enthusiastically say: GO FOR IT!!!http://theinternationalforecaster.com/

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geniusmannumber1 5 years, 7 months ago

Thomas Jefferson also said, and I think this is an exact quote, "Buying and owning black sex slaves is awesome." It's a easy joke, I know, but the point is that when your argument is "somebody who played an important part in the founding of our nation said something; therefore, what they said must be wise/correct/appropriate/prescient," which is clearly a logical fallacy.Again, just another letter from the "facts without context" school of history. They come almost daily.

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geniusmannumber1 5 years, 7 months ago

Also, please forgive the grammar.

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Sigmund 5 years, 7 months ago

Lets all give the Federal Reserve the boot because it has only worked for 95 years and has help to create the highest standard of living in history. Which other countries Central Banking system can claim that? Which country is exempt from business cycles and whose economy can't be screwed by the idiots in power? Ask yourself this question, Do you really want to give the current congress the ability to control both fiscal and monetary policy? If you don't know the difference between the two your opinion is worthless.

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GardenMomma 5 years, 7 months ago

How about instead of cutting funding to education, increase funding of education so that our children will be better educated and can then make better decisions?Learning about the past will help to prevent repeating the same mistakes and learning to make better decisions. But if one is not educated because the money is spent elsewhere, what can happen? NOTHING and then nothing will ever change.Educating the masses is the best way to ensure change for the better. Deny education and you deny the freedom to affect change.That's what I think the Founding Fathers meant. Stay knowledgeable about what's going on and then you will have the power to make better decisions.

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Sigmund 5 years, 7 months ago

GardenMomma (Anonymous) says… "How about instead of cutting funding to education, increase funding of education so that our children will be better educated and can then make better decisions?"What makes you think that more expensive education is "better" education? Even if it were, do we want to bankrupt the country (yes it could happen here, really, seriously, I mean it, the USA can go bankrupt and I am NOT kidding) just to have our kids realize what morons we were by not cutting spending and thereby ruining their country's future?

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GardenMomma 5 years, 7 months ago

I'm not talking about more expensive education, just BETTER education. Instead of spending $12 million on two football fields, spend $6 million on one and share the field and put the other $6 million into history classes, business classes, up-to-date books, science and math classes, etc.Wouldn't you want your kid to know "what morons we were by not cutting spending and thereby ruining their country's future" so they won't repeat the same mistake for THEIR children? Just because we're "morons" doesn't mean our children should be too. I want a better future for my kids. Don't you?

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geniusmannumber1 5 years, 7 months ago

Nice, Liberty_One. Don't have anything substantive to say, so proceed both by setting up a straw man and by an ad hominem attack against the speaker. I don't know that this has anything to do with our respective intelligence levels, but it certainly speaks to your intellectual dishonesty.

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Sigmund 5 years, 7 months ago

GardenMomma (Anonymous) says… "I'm not talking about more expensive education, just BETTER education. Instead of spending $12 million on two football fields, spend $6 million on one and share the field and put the other $6 million into history classes, business classes, up-to-date books, science and math classes, etc."Not a bad idea except we don't have the money. Why not postpone one of the two (your choice) till we do have the money?GardenMomma (Anonymous) says… "I want a better future for my kids. Don't you?" I want a better future for everyone's kids. I think setting priorities on a smaller budget accomplishes both the education and the financial soundness to make that possible. If cutting money from the education budget means using the same math book for two years, or no new stadiums, or reducing school administrators I don't think anyones children are going heated of an education and they are left with less of OUR debt to pay off.

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jaywalker 5 years, 7 months ago

Schools aren't where kids should be learning ALL their responsibility. It's up to parents to teach the benefits of 'delayed gratification', buying what you need not what you want, and what it's like to live on a paycheck. I hope some teachers can help with this too, but parents are the ones that need to step up here.

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GardenMomma 5 years, 7 months ago

I agree. Why don't we postpone the building of two football fields?A smaller budget can work, but only if priorities are set (and followed). Namely education first. I get that sports brings in revenue and so better sports facilities can lead to an increase in revenue.

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geniusmannumber1 5 years, 7 months ago

Okay, you're just being ironic now, right?

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spankyandcranky 5 years, 7 months ago

Not to be negative, but how do you propose to 'take back the power'? I'm not saying, necessarily, that I agreed with the bank bailout. But not having banks at all or eliminating the Federal Reserve doesn't sound like a solution either. Is that what you're suggesting?

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Trobs 5 years, 7 months ago

The Fed is illegal. A private bank is responsible for the currency of our nation. How do we continue to suffer that? Sure. Our standard of living is the highest ever, but so is our national and personal debt. http://www.brillig.com/debt_clock/"The estimated population of the United States is 305,423,211so each citizen's share of this debt is $34,851.13."How are people happy with this?

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