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This Financial Mess - Causes and Cures

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Abolish the Federal Reserve System, Treasury Bills, Notes, Bonds, And the National Debt 

"We have come to be one of the worst ruled, one of the most completely controlled governments in the civilized world - no longer a government of free opinion, no longer a government by... a vote of the majority, but a government by the opinion and duress of a small group of dominant men.”  - President Woodrow Wilson 

"From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble in 2001, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy."  - U. S. Rep., Ron Paul

“The Federal Reserve System is the biggest fraud ever foisted upon the American public.  This private enterprise controls our politicians, our major media, sucks hundreds of billions of dollars from the pockets of U.S. taxpayers every year, has caused incalculable suffering, thousands of deaths, and yes Virginia, it is a conspiracy.  It was born of conspiracy and continues today in secrecy.” – Mike Kirchubel, blogger. 

"One of the things important about history is to remember the true history." -George W. Bush, Washington, D.C., June 6, 2008 

This report could easily be several hundred pages long.  It covers ground from 1700 to tomorrow.  The hardest part of writing it was to distill the vast amount of information available to a size readable at one sitting.  If you dare continue, you will learn that, beyond the blatant theft outlined in current headlines, international bankers have conspired to steal our money and property for hundreds of years.  Today, without your knowledge, we exist as sharecroppers, toiling in their fields, sending them a significant portion of our income every year. You will soon come to know that, more than Congress or the President, the private corporation known as the Federal Reserve, shrouded in secrecy, controls our daily existence and the destiny of our children. 
 
As money and its pursuit seem to occupy more and more of our lives, we seem to fall further and further behind.  Americans work more hours and pay more for healthcare than any other industrialized nation. Yet typically, we Americans are one car wreck, one hospital stay from the total collapse of our financial house of cards. We are now witnessing this car wreck on a national scale. We no longer live in the world of our parents, with leisure time and where only one parent works – unless the other one was just laid off.  Occasionally, rarely, one of us escapes our seemingly pre-ordained fate and, just like the variable reinforcement strategies practiced in casinos, inspires the rest to continue plugging along.  Stable jobs and stable currency are curiosities found only in history books.  Turmoil and inflation are as natural to us as sunrise and sunset.  We perceive financial chaos as “normal” and no longer question our government when they say we must pay two trillion dollars to rich bankers, or $10 billion a month for war without end, or that Rumsfeld misplaced $2.3 trillion on the day before 9/11. 
 
“Just let me have my toaster, my TV, and my steel-belted radials and leave me alone,” to quote Howard Beale from, “Network.”  Your TV may let your mind slumber, but I will not.  If you dare proceed, your next few minutes of reading will very likely enrage you because, as Gloria Steinem aptly stated, “The truth will set you free, but first it will piss you off.”  
 
This is not your usual blog.  The information presented consists of historical facts, documented by quotations from noted individuals of each era.  Consider them eyewitnesses in the conspiracy trial of the Federal Reserve.  Weigh the evidence and judge for yourself.  I figured you would sooner believe the people who actually participated in the events discussed than the random rants of this writer.  These are not the facts we were taught in our public schools, but they are facts, nonetheless.  History is written by the winners and as you will soon understand, these winners do NOT want you to know their history.  “He, who controls the present, controls the past. He, who controls the past, controls the future.” - George Orwell, 1984.  Google everything.  The truth is out there.

America’s Hidden History

Believe it or not, international bankers started screwing with us Americans in the 1700’s!  By the mid 1700s, the American Colonies were doing well, there was no income tax, no unemployment, and prices were generally stable.  Benjamin Franklin wrote, “There was abundance in the Colonies, and peace was reigning on every border. It was difficult, and even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort was prevailing in every home. The people, in general, kept the highest moral standards, and education was widely spread.”

When Franklin went to London in 1763, he saw a completely different situation.  “The streets are covered with beggars and tramps,” he wrote.  He asked his friends how England, with all its wealth, could have so much poverty among its working classes.  They replied that England had too many workers! The well-to-do were already overburdened with taxes, and could not pay more to relieve the poverty of the unemployed workers. Members of the British Board of Trade asked Franklin how the American Colonies managed to collect enough money to support their poor and Franklin replied, “That is simple. In the Colonies, we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.  In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one." 

The Bank of England, realizing the Colonial Scrip was cutting into their profits, pressed Parliament for the passage of the Currency Act of 1764.  This act forced the Colonies to use only British money and to pay taxes in only gold or silver.  This put the Colonies under the control of the British Central Bank.  With the loss of Colonial Scrip, an economic depression set in. "The colonies suffered a constant shortage of currency with which to conduct trade. There were no gold or silver mines and currency could only be obtained through trade as regulated by Great Britain."  When the money supply is cut, recession and depression invariably result.  Remember this; you will see it again and again.    Franklin reported that one year after the implementation of the Currency Act; the streets of the Colonies were filled with unemployed beggars, just like in England. The amount of circulating money had been cut in half.  Franklin stated that the Currency Act was the true cause of the American Revolution - and not the tax on tea or the Stamp Act, as we were taught in our history books.  Franklin wrote, “The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War.”  

After the Revolutionary War, there was a push to establish a central bank in the United States.  Thomas Jefferson argued against the institution of the bank, mostly citing constitutional concerns on the limitations of government.  "I consider the foundation of the Constitution as laid on this ground that: "All powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are preserved to the states or to the people.  " ... To take a single step beyond the boundaries thus specially drawn around the powers of Congress is to take possession of a boundless field of power, no longer susceptible of any definition. The incorporation of a bank, and the powers assumed by this bill (chartering the first Bank of the United States), have not, been delegated to the United States by the Constitution." - Thomas Jefferson (1791) Jefferson, having helped to write the Constitution, was obviously correct in its interpretation.  Now, the Supreme Court tries to guess what the writers meant; Jefferson is actually telling us what HE meant: The central bank is unconstitutional. 

"If the American people ever allow private banks to control the issue of their currency first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered". -Thomas Jefferson 1802.  Remember that line, “first by inflation and then by deflation ... the banks will deprive the people of all property...”  As we shall see, Thomas Jefferson was exactly right.  The banks use this strategy repeatedly throughout history, each time gaining a bigger and bigger piece of the economic pie.  First, they make money plentiful and inexpensive so that people expand their business and buy farms and homes.  Then, they raise interest rates and contract the money supply, forcing bankruptcies and foreclosures, obtaining properties at a fraction of their original cost. What do you think is happening right now? 
Our nation started its existence in debt from the Revolutionary War.  Jefferson argued to eliminate the debt, and Hamilton argued debt was necessary to keep the nation together.  The Hamiltonians, the conservatives of their time, won and consequently it has been argued that this basic difference between these two founders was the beginning of the liberal vs. conservative split in our country.  It’s interesting to note that the ones who wanted the debt were the “conservatives.”  Contrary to popular opinion, (and remember that you read it here first) – even today, those “Borrow and Spend” Republican administrations are responsible for almost ALL of our $11 trillion national debt.  Contrast that to the “Tax and Spend” or, should I say, “pay as you go” Democrats!  Yes, it’s true.  From the founding of our country up through the Carter administration, our U.S. National Debt was about one trillion dollars.  That’s right, after two hundred years of history, including the Revolutionary War, the Civil War, two World Wars, the Korean War, and the Vietnam debacle, our national debt was $1 trillion.  Let’s blame Democrat Jimmy Carter for the whole thing, $1 trillion.   After 8 years of Republican Reagan, the debt stood at $3 trillion.  4 years of Republican George H.W. Bush got it to $5 trillion.  8 years of Democrat Clinton raised it another $1trillion to $6 trillion.  Finally, after 8 years of Republican Bush II, we owe an additional $5 trillion dollars.  Right now, we are looking at $11 trillion in debt and we taxpayers are paying about $500 billion in interest every year.  You tell me who the “conservative” is.  Hey, DON’T believe me.  Google it.  “No generation has a right to contract debts greater than can be paid off during the course of its own existence." -  George Washington to James Madison 1789.  Good idea, by George. 
 
After much argument, Congress passed a bill proposed by Treasury Secretary Alexander Hamilton. This bill established the First Bank of the United States, tenured by a charter of 20 years, and set to expire in 1811.  

Despite objections from several of our founding fathers, the "First Bank of the United States" was chartered for $10 million, mainly to “effectively distribute the cost of the revolution proportionately throughout all of the states.”

The U.S. government chipped-in $2 million to start up the bank and the charter bankers, who were supposed to put up an additional $8 million, simply used the magic of fractional reserve lending and had their new bank loan themselves their startup money.  They actually used none of their own funds and ended up with control of our nation’s finances.  Bankers are just so darn clever.   Over the first 5 years, the government borrowed $8.2 million of newly issued money and prices rose by 72%.  Jefferson, commenting on this inflation wrote, “I wish it were possible to obtain a single amendment to our Constitution – taking from the federal government their power of borrowing.”  "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." - James Madison.

In 1811, bill was put forth in Congress to renew the Banks charter. The Legislators of Pennsylvania and Virginia passed Resolutions asking Congress to veto the bill. Their chief complaint was that 70 percent of the bank's stock was held by foreign (British) interests, which would have sent millions of dollars annually to England had the charter been renewed. English Banker, Nathan Rothschild made the following revealing statement, “Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.”   The renewal bill passed by a single vote in the House and was deadlocked in the Senate.  President James Madison, a staunch opponent of the bank, sent Vice-President, George Clinton (No, not the Funkadelic guy) to break a tie in the Senate and killed the bank.  As promised by Nathan Rothschild, thousands died when the British attacked America in the War of 1812.  Fortunately, the British were still busy fighting Napoleon and were unable to mount much of an assault.  After burning Washington D.C. in 1814, the British went home. 

So, who was this Nathan Rothschild that he would have both the temerity to threaten the United States of America and then have the clout to carry out that threat?  We need to take a short side trip to mid 1700s Frankfurt, Germany.  In that city lived a gold merchant named Mayer Amschel Bauer who had a large red shield on the front of his shop.  His customers started calling him “Rothschild,” German for “Red Shield,” and the name stuck.  In those days, names were not so “fixed” as they are now.  People often took the name of their business as a family name; hence, we have a lot of Smiths, Bakers, Clarks, Millers, Coopers, Farmers, Fletchers, Wagners, etc. running around today.  So it was with the Rothschilds.  Mayer had five sons and he gave them all substantial sums of money with which to start their adult lives.  They all entered the banking field and soon ran the central banks in Germany, Austria, Italy, France, and England.  Nathan eventually gained controlling interest in the Bank of England. Benjamin Disraeli, Prime Minister of England, wrote of Nathan Rothschild: “He is the lord and master of the money markets of the world, and of course virtually lord and master of everything else.”   William Gladstone, Prime Minister of England stated in 1852, “From the time I took office as Chancellor of the Exchequer, I began to learn that the State held, in the face of the Bank and the City, an essentially false position as to finance. The Government itself was not to be a substantive power, but was to leave the Money Power supreme and unquestioned."  Two Prime Ministers acknowledge the Bank of England – Nathan Rothschild – as the supreme power in England.  In 1790, Mayer Amschel Rothschild wrote, “Permit me to issue and control the money of a nation and I care not who makes its laws.”  Son, Nathan Rothschild wrote: "I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain's money supply controls the British Empire and I control the British money supply."  How sweet.  Like father, like son.  

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Mike Kirchubel writes a weekly Progressive/Economic column for the Fairfield, California Daily Republic and is the author of: Vile Acts of Evil, a look at the hidden economic history of the United States. Vile Acts of Evil almost wrote itself. (more...)
 
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I really don't understand wy it hasn't att... by Robert Hoogenboom on Monday, Dec 29, 2008 at 3:16:12 AM
that would actually require people to READ and mak... by Tippy Canoe on Tuesday, Dec 30, 2008 at 8:25:29 AM
Insightful, Thoughtful, Meaningful...Thank you; we... by Jim Hocker on Tuesday, Dec 30, 2008 at 2:30:44 AM
This maybe the missing piece of the puzzle.See wha... by MARGARET BASET on Tuesday, Dec 30, 2008 at 6:09:35 AM
I really love the "conspiracy" theories,... by Mike Kirchubel on Wednesday, Dec 31, 2008 at 2:10:39 AM
Coincidence Theory has always fascinated me much m... by William Whitten on Sunday, Jan 4, 2009 at 3:21:38 AM
The fact that the main participants in the Jekyll ... by Mike Kirchubel on Monday, Jan 5, 2009 at 12:43:24 AM