Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats
13 comments

OpEdNews Op Eds

Mourning 100 Years of Usury under The Fed

By (about the author)     Permalink       (Page 1 of 3 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; ; , Add Tags  (less...) Add to My Group(s)

Well Said 5   Must Read 4   News 4  
View Ratings | Rate It

Headlined to H2 12/27/13
Become a Fan
  (3 fans)

opednews.com

Mourning 100 Years of Usury under The Fed

From http://commons.wikimedia.org/wiki/File:United_States_Federal_Reserve_Board%2C_1917.jpg: United States Federal Reserve Board%2C 1917
United States Federal Reserve Board%2C 1917
(image by Wikipedia)

 

December 23 marks the tragic 100th anniversary of the private Federal Reserve System, when the U.S. government gave to a private banking cartel that which no government has the right to give away--the sovereign right of a people to create and control their own money, the very lifeblood of a free and independent people.  

"The Congress shall have The Power To...coin Money...", Article 1, Section 8, U.S. Constitution.  

Contrary to what most Americans think, the Federal Reserve System is not a part of the U.S. government.  Rather it is network of private banking corporations, wholly controlled by a handful of Wall Street mega "too big to fail" banking corporations.  Anyone doubting their absolute power should hearken to Assistant Senate Majority Leader Dick Durbin of Illinois 2009 statement following the financial crash and the inability of Congress to regulate these banking corporations, "frankly they (banks) own the place (Capital Hill)." 

The Federal Reserve System was the secret brainchild of the Rockefeller, Morgan and Rothschild banking families.   It was drawn up in a secret meeting at Jekyll Island, Georgia in 1910 and the only way that it was able to be voted into law was for the Rockefeller/Morgan/Rothschild banking corporations and their toxic legislative representative, Senator Nelson Aldrich, the very ones that secretly conceived the system to then publicly oppose it.   Thus convincing the American people, their hapless dupes in Congress and President Wilson that it was some sort of banking reform.  

The Federal Reserve System is the legal embodiment of a monetary system that creates the nation's lifeblood (our money) out of thin air as debt.   True, The Fed is required to return the interest The Fed accrues on the funds they conjure up out of thin air; but the private banking corporations that own The Fed, use these same funds to justify the loans they make and these same private banking corporations then get to keep the interest they charge the 99% on our credit card debt, mortgage loans, car loans, student loans etc.   It is a system of usury designed for the rich to get richer, while making debt slaves of the 99%.   

See "Occupying The NEED Act"    http://www.intrepidreport.com/archives/11626

for a more detailed discussion of the U.S. monetary system.  

Watch this short video as ten year old Holly explains the U.K.'s monetary system, which is basically the same as ours.   Just substitute "Federal Reserve System" for the Bank of England and "Wall Street private banking corporations" for High Street banks.

http://www.youtube.com/watch?v=bmR4qtEdu0I

Five years ago the outrageous speculation and creation of toxic financial instruments by the "too big to fail" banking corporations that completely control the entire Federal Reserve System resulted in a browbeaten Congress voting $700 billion to bail-out these functionally bankrupt banking corporations.   Unknown to the American people was that the secret Federal Reserve System over the next few years provided another $16 trillion in funds to these same banking corporations and others to pump up the bubble that had burst on the 99% in Sept of 2008.   We the people only found out about this secret gift from the Federal Reserve System to the very banking corporations that own and control this same Federal Reserve System because Sen. Bernie Sanders was able to attach a rider on the Dodd/Frank "financial reform bill".   It remains the only public audit of The Fed in its 100 year history.  

The Fed continues to bail-out its banking corporations with monthly gifts of $85 billion used to buy bonds and the toxic financial instruments created by these behemoth banking corporations.   To date almost $4 trillion has been gifted to the "banksters" of Wall Street via this process known as "quantitative easing" (QE).

Arrayed against this plenary power of private banking corporations to create our money supply are the American people, aka the working class.  The Occupy Movement said "we are the 99%" and by bravely occupying public spaces in every major city in the country in 2011 was successful in bringing to the national media a word never before allowed to be uttered--inequality.     

The 100th anniversary of the Fed is marked by a nation in crisis.   A crisis that cannot be resolved by austerity, sequestration, government shutdowns or cutting unemployment insurance without providing jobs for those out of work.   The $17 trillion federal debt cannot be paid off under this system.   State and local governments will continue to be unable to pay off their $3 trillion in debt under this system.   Citizens will be unable to pay off their $16 trillion in mortgage and personal debt under this system.   This is a system designed to put the 99% into debt slavery to the "too big to fail" private banking corporations.   It is not broken, but rather doing exactly what it is designed to do.  

Our country, founded on the statement "all men are created equal", is now the most unequal industrial democracy on earth, indeed more unequal than many Third World countries.  UNICEF ranks us last among 24 industrial democracies in childhood poverty and the Organization for Economic Cooperation and Development ranks us 28th of 30 member countries in inequality and poverty, trailing only Turkey and Mexico.  

Next Page  1  |  2  |  3

 

Take action -- click here to contact your local newspaper or congress people:
Support the National Emergency Employment Defense Act (NEED Act)

Click here to see the most recent messages sent to congressional reps and local newspapers

Nick Egnatz is a Vietnam veteran. He has been actively protesting our government's crimes of empire in both person and print for some years now and was named "Citizen of the Year" for Northwest Indiana in 2006 for his peace activism by the National (more...)
 
Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Mourning 100 Years of Usury under The Fed

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
6 people are discussing this page, with 13 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Don't let false reforms take your eye off the priz... by Nick Egnatz on Friday, Dec 27, 2013 at 3:12:15 AM
Excellent article Nick.  I agree with just ab... by Gary Murphy on Friday, Dec 27, 2013 at 8:47:30 AM
I happen to share your views on our present federa... by Nick Egnatz on Friday, Dec 27, 2013 at 12:07:32 PM
Social justice without real comprehensive monetary... by Nick Egnatz on Friday, Dec 27, 2013 at 9:08:01 AM
Thank you for this article Nick.  The Need Ac... by Michael Dewey on Friday, Dec 27, 2013 at 10:13:10 AM
Under The NEED Act debt-free U.S. money would be c... by Nick Egnatz on Friday, Dec 27, 2013 at 11:50:55 AM
Oh I understand that its up to States, Cities or e... by Michael Dewey on Friday, Dec 27, 2013 at 12:39:18 PM
To Michael and Nick: I agree with Nick in that... by Gary Murphy on Saturday, Dec 28, 2013 at 9:28:58 AM
The most immediate threat to creation of public ... by Gary Murphy on Saturday, Dec 28, 2013 at 9:36:25 AM
The Federal Reserve System is the legal embodiment... by Michael Dewey on Friday, Dec 27, 2013 at 10:14:30 AM
Auditing and Ending the Fed and allowing Amer... by Lance Ciepiela on Friday, Dec 27, 2013 at 11:24:46 AM
Nick, Your writing on monetary reform is so ve... by Mary Soddy on Friday, Dec 27, 2013 at 6:59:09 PM
This is the best article I have ever read about re... by John Rachel on Wednesday, Jan 1, 2014 at 1:03:18 AM