Once upon a time in America our grandfathers were able to work at decent jobs where they actually produced goods that the world needed and were able to provide a comfortable life for their large families. Grandma didn’t have to work and most families owned their own homes and lived relatively debt free.
Welcome to America today where a typical family has both parents working, with one or possibly two children, and struggle to pay the rent on their apartment. But the banks in their “concern” for the woes of the average Joe have come up with a solution. It is called the credit card where we can become debt slaves to the banks to the tune of double-digit interest rates.
What has happened to weaken the once thriving American economy we inherited from our forefathers? It’s called the Federal Reserve and its offspring inflation. This invisible tax slowly eats away at the value of the dollar and distorts the economy by creating booms and busts. We can thank the Federal Reserve for creating this ruinous inflation that had been kept in check from 1776 until the creation of the Fed in 1913. If you look at an inflation chart from the founding of the nation til today you will see no inflation until the creation of the Fed, except for short blips during war when the treasury issued more paper money.
The Fed was created for the ostensible purpose of fighting inflation and recessions but it has been a colossal failure at both. Since 1913 the dollar has lost 95% of its value and historians agree that the Fed caused the crash of 1929 by spiking interest rates.
When a corrupt Congress, directed by banker front man Senator Aldrich, decided to give a private banking cartel a monopoly on the US monetary system, our economic independence was lost. The banker trust of Rothschild, Rockefeller and J.P. Morgan bought our sovereignty with their estimated one-quarter of the world’s wealth at the time. One quote attributed to the Rothschild’s sums up the plot to hijack our freedom; “Give me control of a nation’s money and I care not who makes its laws”. If a people does not control its money supply, they are not autonomous, which is why our Founders gave this power specifically to Congress. We the American people are at war with the moneyed interests and have fought this fight periodically throughout our history. President Andrew Jackson fought against too much private control of our monetary system and so did other patriots when the “Bankers Beast” was created in 1913. This fight against crony capitalism is not about class envy, it is about maintaining a check on state granted monopolies which are always bad for the average American going back to the railroad monopoly and oil monopoly.
One Congressman who did fight to preserve our financial independence was America First Patriot Charles Lindbergh Sr. who made this statement on the Federal Reserve Act from the house floor:
“This act establishes the most gigantic trust on Earth. When the President signs this act the invisible government by the money power(banking alliance trust) proven to exist by the money trust investigation, will be legalized. The money power (rules over) the legislative and executive forces of the nation. . . From now on depressions will be scientifically created. The new law will create inflation whenever the trust wants inflation. If the trust can get a period of inflation, they figure they can unload stocks on the people at high prices during the excitement and then bring on a panic and buy them back at low prices.”
Unfortunately the “banksters” won and under the Federal Reserve Act, the Fed can create money out of thin air to give to their banking friends to loan out and earn money off the interest. They especially wanted to loan to one man, Uncle Sam. But the bankers still had a problem because Uncle Sam needed to take in much more revenue to pay the huge amounts of interest from bonds that the banks intended to saddle the people with. Problem solved when they also brought into existence the Income tax in that same awful year. The super rich bankers were not worried about paying taxes as they could manipulate the tax code in their favor so that they paid little or none. This was the case when Nelson Rockefeller revealed his tax returns which showed that this billionaire did not pay one penny in income tax.
Now the bankers needed to give Uncle Sam a reason to borrow big money and in 1914 that would come in the way of World War I. Our national debt ballooned from $1 billion to $25 billion. The Fed and their private banking cartel could now gorge itself on bonds paid for by the American people. The foxes were firmly in control of the henhouse and continue to this day to suck the life blood out of our economy and citizens.
How can we regain our financial independence from the “banksters” you ask? The first step is to bring more transparency to this secretive cabal by passing Rand Paul’s Audit the Fed. Donald Trump is the only front running presidential candidate who has ever called for auditing the Fed and needs our support. Next we should bring back the Glass-Steagall Act so that commercial banking and investment banking are once again rightly separated. The original case for the 1933 Glass-Steagall Act was due to the shenanigans the banksters played with speculation leveraging leading up to the stock market crash of ’29. Sadly, when the act was unwisely repealed in 1999 this permitted Wall Street investment banking firms to again gamble with their depositors’ money, including that held in commercial banks, on derivatives and other creative financing instruments like toxic mortgages. The intermingling of economically necessary commercial banking and investment banking was the reason that the foolish precedent of government bailouts happened. We could not afford to let the vital commercial banking sector go under. It is estimated that the shadowy derivatives market may total 1.2 quadrillion dollars which would dwarf the entire world’s GDP. Insolvency of this unregulated “funny money” could bring about cataclysmic collapse to the world economy if left to its own devices.
So what do we have to lose by declaring our independence from the banking cartel created inflation, bubbles in the economy, lots of debt and the income tax which has robbed us of the fruits of our labor? It is clear that the Fed and the cronyism that supports it are killing our liberty and the pursuit of happiness and it is time we stand up to the Fed and get back to the Constitution and restore congressional authority over our monetary system.