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September 16, 2007 at 17:23:04

NATIONALIZE THE FED – Take Back our Central Bank

by Kent Welton     Page 1 of 2 page(s)

http://www.opednews.com

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Nationalize The Fed – Take Back our Central Bank

"Nationalize the Federal Reserve, place it within the Treasury and use the greenback mechanism to fund infrastructure improvement and repair... Remove the privilege banks have to create money. Only government should have this power.

Stephen Zarlenga

"The Banking system is the principal cause of social evil in the United States."

   William Gauge, 1833

    As the recent meldown in mortgage finance illustrates, the banking system is indeed the principal cause of social evil and monetary chaos in the United States. The reason is that it is out of our control, and privatized for profit and predation by its owners. Thus, in order to regain control over our own economy and Constitution we need to nationalize the privately-owned "Federal" Reserve Bank.

    We, the people, represented by an elected Congress, in whom the founders of this country placed the "purse" power, have been swindled and enslaved by the Federal Reserve Act of 1913 – in which the power to create, and destroy, our money as well as dictate the very nature of "our" economy, was given to private bankers by a corrupt Congress in a late-night, legislative, coup.

    Those ruling-elite chosen economist lackies and media marionettes who still support the fiction of an "independent" Fed (independent of whom?) refuse to acknowledge its oligarchic nature – as neatly defined by libertarian economist Murray Rothbard in his last book, TheCase Against The Fed.

    With regard to housing, why would we, the people, agree to charge one another interest on our home loans in the first place? The very building block of society saddled by life-long interest payable to private parties is clearly diabolical, unnecessary, and undermines a consumer-spending based economy. Debt-money interest – paid to bondholders and the very bond houses who own our central bank - raises the cost of everything we do and, worse, prevents us from doing what we need to do.

    Today, we greatly need to invest in rebuilding our infrastructure but we cannot even finance our own civic improvements without paying interest to those who freely create our debt-based money by loaning it to us at interest. We are forced to pay interest to go to war, to re-build society, to live in our houses. We are forced, and we are forbidden... until we take back our money creation from the owners of our own central bank.

   Can we have this discussion? Can we debate nationalization of our central bank? Will "our" presidential candidates opine on this topic? Will the subject ever be broached by the corporate media, or even "public" broadcasting?

   The fact that we have not to date is surely indicative of how enslaved we have become. It is yet another aspect of our enclosure, of the defeat of the commons, of the impotence of economic democracy. For this reason it is essential that we bombard our leaders and media with requests to open this debate... if for no other reason than to to prove we are not a fascist state, a new Soviet of Totalitarian capitalism, a mere helpless pawn in a global Gulag and, finally, that the "free press" still has some meaning.

   The Banksters have created a monster, for-profit, debt machine for which we, as taxpayers, are liable. It now threatens our economy, our currency, and very existence - not to mention throwing people out on the streets, and charging 30% credit card rates on obscene profit spreads.

   This corrupt "Fed" structure may also be the very engine of the Kondratieff wave – a long-run depressionary consequence of not merely normal business cycles but, instead, of cycles driven by the intrinsic predations of debt-money creation powers leading eventually to monetary collapse.

    In any case, to the extent the "Fed" owners cannot relinquish control of this public prerogative and persist in their attempts to squash the people’s efforts to regain their own central bank – as bequeathed by the Constitution and the founders – it is clearly indicative of the fact we are dealing with a criminal syndicate – a money mafia hiding in the shadows.

    First, we need to know who owns our central bank, and not simply the corporate-front bond houses but the individuals who own the stock controlling these entities. If, in fact, these owners are proud of their efforts, and convinced of the wisdom of the oligarchic banking structure, why not come forward, in person, and re-make their case to the American people? Why use their media slaves to pooh-pooh the case? What do they have to fear? And why do the American people not have to right to such an appearance? If not, it’s time to subpeona our real bankers.

    Clearly, the occasional Humphery-Hawkins, Fed chairman, happy-talk testimony before Congress is a joke, and never includes any talk of treasury-direct, interest-free, financing for our homes or infrastructure. This is but a token condescension by the money gods, slumming amidst the slaves.

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TheCenterForBalance.org

Author, Exec. Dir. The Center For Balance. Websites: PanditPress.com, OligarchyUSA.com, PublicCentralBank.com, EditorFreedom.com, FascismUSA.COM & more

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digital programmer turned thought specialist, sorta: rocket surgeon.
meremarkdigital programmer turned thought specialist, sorta: rocket surgeon.

today's Wage Slaves walked in the door marked 'Clueless'

-

I liked that the article thought to ask, "Can we have this discussion? Can we debate the nationalization of our central bank?"

The answer is YES, IF we learn in school, or in our adult education study, about the background and methods of money and money supply; what it is and where it comes from.

The article also asks if the discussion is going to be on TV. The answer is NO, not on your life. Because it consists of and conveys the information that could end TV, take TV away from the brainwashers, and hand control to we, the people -- brain builders and better-quality-of-life makers. End wage slavery and celebrate liberty.

Ron Paul speaks to the topic, the only candidate I've heard say our public government must take over the Federal Reserve from the private ownership of it now.

As much as there is one single defining issue of 'Republicans,' that issue was, from 1832 to 1912, weaseling and wedging and working to create a national bank. A rightwing 'Party' has no seed in a democracy and cannot get started until extreme exclusives might found a federal bank, and if any can and do, democracy is rapidly destroyed from there on. The conniving and debate ran on for more than a century, before government was breeched, about 1910. None of that 100-year debate and knowledge is taught in schoolbooks today.

The single link provided in the article, goes to an informed presentation of the elements and talking points involved in a federal bank, and paper money. The arguments are two hundred years old, yet they sound like news that no one has heard today. Only one revealing sample point in it -- which condemns the Federal Reserve as much as anything -- is the statement quoting the designers of the con game and plot, saying that they had to use strange exotic words and language to talk about money in order to keep people confused and in the dark, not understanding what the institution was that was defeating the public good and destroying democracy.

The mortgage crisis today, and the collapse of the American economy starting to hurt and destory more and more people's lives, is causing the Federal Reserve topic to come into play and gaining people's interest to understand it. For that understanding, I recommend reading a free book available to all on the internet. This is the documentation of the creation of the Federal Reserve. Originally published in 1953, this book was censored and kept from public sight for 30 years. Now it is free and should be read by all, and then yes, a landslide of votes could elect the Congress to take over the Federal Reserve by eminent domain.

Secrets of the Federal Reserve, by Eustace Mullins.

 

by meremark (1 articles, 3 quicklinks, 23 diaries, 438 comments) on Monday, September 17, 2007 at 2:02:52 AM
 

 

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