M-O-N-E-Y (Part 6)

For about a week now, I've been posting about the U.S. Monetary system--its history, and a quick primer on how it works.  In technical terms, my descriptions obviously had holes you could drive trucks through, but I hope they have been informative.  Today's post will be the last in the series, and the most important.  Because today, I need you to ponder one additional point.

That point is simply this.  The central banking system--in the U.S. it's the Federal Reserve--has one purpose and one purpose alone.   It is not to stabilize economies.  It is not to ensure the flow of credit.  It is not any of the grand purposes we've been told it's all about.  Its real purpose is to put the control of money in the hands of a few powerful people who can then use their great wealth and power to buy and sell businesses, governments, the press, and, most importantly, us. 

The original architect of this system was a very wealthy German banker back in the 18th century, a man named Mayer Amschel Rothschild.  Here's what he said about it:  "Permit me to issue and control the money of a nation, and I care not who makes its laws."   That's because he knew that with control of the money, he could buy the cooperation of the people who make the laws. 

Since the United States was formed, banking interests, including generation after generation of the Rothschild family, have pushed to have a central bank.  The First Bank of the United States was formed in 1791, with a 20-year  charter that lasted until 1811.  When it was proposed, smart people like Thomas Jefferson and James Madison immediately and vociferously argued that the Bank (and the tax that was levied to finance it) was unconstitutional.   And the guy who was the mouthpiece for the banks who wanted to "control the money" of the nation, Alexander Hamilton, basically argued, "well, the Constitution doesn't actually say we can't."  That argument should have been seen as the tripe it was, since the Constitution enumerates the powers that the government will have, with all the rest of the powers reserved to the sovereign states and the people.  But, ultimately, Hamilton wheeled and dealed, and essentially bought the support the bank needed.   The United States bought its shares in the bank with money borrowed from the bank.  An excise tax was levied to pay back that money, and the first iteration of the American people as debt slaves to big banking began.   The First Bank of the United States dissolved when its charter ended in 1811.   Needless to say, the bankers were not happy--their cash cow had died.

Interestingly, shortly thereafter, a war broke out--the war of 1812, and the country struggled to have enough money to fight it, issuing Treasury bonds and scratching and clawing for the funds.  It is said that the banking House of Rothschild nearly single-handedly started that war, instigating the British Parliament to try to retake the Colonies.   Deeply in debt from the war, in 1816 the U.S. chartered  the Second Bank of the United States.  President James Madison signed the bank into law exprssing his hope that it would stem the tide of devastating inflation that had occurred with the issuance of the huge war debt.  The Second Bank of the United States dissolved when its twenty year charter expired in 1836.   Andrew Jackson, then-President of the United States, had argued against re-chartering of the Bank, because he said

• It concentrated the nation's wealth in one institution,
• It opened the government to control by foreign interests,
• It served mostly to make the rich richer,
• It exercised too much control over Congress,
• It favored northeastern (business and finance) states over southern and western (agricultural) states,
• A few wealthy families controlled it.

Yup.  Also interestingly, during the fight over whether to renew the Bank's charter, there was an attempted assisination of Jackson.  An unemployed housepainter tried to shoot him, but two pistols he used both misfired.  When caught, the painter said he'd done it because with the President dead, "money would be more plenty."  I wonder where he got that idea. 

The country popped along for quite some time without a central bank.  There was inflation and bank failures and so on, and then in 1907, the Panic occurred.  The Panic of 1907 started when a lot of Wall Street Banks lent money to a group trying to corner the market on copper by buying up the stock of the United Copper Company.  The takeover failed, and the banks, who had overextended (basically stole depositors' money) to finance the scheme, suddenly faced bank runs as it was exposed they didn't have enough money left to pay deposits--sound familiar? 

The answer to the self-induced banking panic was provided by some rich bankers and their pal in Congress, a guy named Aldrich.  Central Banking!  Specifically, the Federal Reserve.   President Woodrow Wilson signed the Fed into existence in 1913, and the rest, as they say, is history.  Throughout the history of the Fed, it has engineered financial 'growth' and collapse.  When it prints lots of money, there are inflation and 'bubbles,'  and then the bubble pops--like the 1920s stock market bubble whose collapse caused the Great Depression, and the 1990s housing bubble, whose collapse is causing the Depression now. 

The thing that has stayed constant throughout is that the banks make money--lots of it.  How can you miss when you loan a country its own money and charge interest on it?    The only time anyone's made a serious bid to take back the power over our money supply was when President Kennedy signed Executive Order 11110, in June, 1963.  By that order, he essentially bypassed the Fed, and said the government could issue  money, called silver certificates, on its own authority, without "borrowing" it from the Fed.   This imminently sensible thing to do (even the Crazy Al type furniture dealers know you save money when you 'cut out the middle man' ) would have put the Fed out of business.  Oddly enough, Kennedy was assassinated a few months later, and President Johnson didn't share Kennedy's zeal for taking back monetary sovereignty.

Keep control of the money, and keep control of the nation.  The bankers know this--have since the 1700s.  Can't understand how our Government could make such a mess of the economy?  It's easy.  They did what they were told by their banking masters--spend a lot, 'borrow' it from the Fed and make the public pay back made-up-Monopoly-money (together with interest) with real work, products, and services.   The result is a never-ending cycle of ever-increasing debt, whereby the entire population becomes nothing more than debt slaves to the banks.

So here's the deal.  I'm tired.  I'm tired of believing in a country where elected officials consider the public's opinion irrelevant because we don't have millions to throw at their campaigns or fancy million dollar 'consulting' gigs for them and their families, like the people who "control the money".  I'm tired of laws being only enforced against the people who can't pay to get a pass, because they don't "control the money."   I'm tired of this system where both of the 'major party' candidates are always purchased in advance by the same people--the people who "control the money."   I'm tired of the people who "control the money" pitting the people who don't against each other and then laughing as they steal us blind while we're otherwise occupied hating each other.   I'm tired of the people who "control the money" starting wars so they can sell the government arms or planes or mercenaries, while ordinary people die for their profit.   I'm tired of being sold by my government to the highest bidder.  And the highest bidder is always going to be the one who controls the money, just like old Mr. Rothschild said.

I'm tired.  And I'll bet you are too.  And we really don't have to take it anymore.   Send people to read this series.  Stop ignoring the evidence that we're being played for patsies.  And realize that knowing what they're up to gets us half the way to winning.