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Rick Santelli: "Who Created the Federal Reserve"?



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Look up your State's Congress people

back in 1913.......these are the real scum dogs that sold our Country out. It's just taken a long time (100 years) for the real problems to accumulate. Regardless of how they voted, or even "if" they voted on the Federal Reserve bill, they knew what they were doing, and they knew what was at stake. If they didn't, they're too dumb to be a leader of this Country! Many didn't vote by design. The Federal Reserve proxy knew exactly the votes they needed that on that Christmas eve vote. If Ron Paul says it can be fixed, then I still have a little hope in government.

alan laney

1913 The Federal Reserve Act ... Vote? Not Recorded.

A pox on the land of the free... Monopoly Boys...
Senator Nelson W. Aldrich (R-RI)
Congressman Edward Vreeland, (R-NY)

Over the years, wondering "Who the hell voted for this Creature from Jekyll Island?"

"Christmas Eve's Eve?" Immaculate conception? The night before the night before? The House & the Senate?

Aldrich–Vreeland Act, Banking Law 1908 till 1914.

Ridding US of Abraham Lincoln era Greenbacks... Ridding US of the evils of our governmental banking system by creating a creature much worse...

Immaculate Conception Insemination of The Federal Reserve System A banker banking system was conceived again... A "Third National Bank" if you will; dare not call it a bank, lest the public will hate it. Pretend Bankers hate it, such that the public may love it. Based on "Elastic Currency" Asset Backed banker notes. (i.e., "Nothing") and other related nonsense. Elastic measurement? This is the demise of the dollar as a standard measure; not an exaggeration.

Here is a 100 page Ohio State University Report. It gives lots of names and dates for the mischief; alas, it is pro banking. Sigh.

"THE GREAT DEBATE ON BANKING REFORM NELSON ALDRICH AND THE ORIGINS OF THE FED"
by Elmus Wicker, The Ohio State University Press, Columbus Ohio, Copyright © 2005 by The Ohio State University.

CONTENTS
Chapter One The Great Debate: An Overview 1
Chapter Two Recent Literature Revisited 8
Chapter Three The Quest for an Asset-Based Currency, 1894–1908 22
Chapter Four The Aldrich-Vreeland Act 42
Chapter Five Jekyll Island and the Aldrich Bill 52
Chapter Six The Glass Bill 70
Chapter Seven The Aldrich and Glass-Owen Bills Compared 84
Chapter Eight Theoretical Underpinnings 95
Chapter Nine Epilogue 104
References 111
Index 115
http://www.ohiostatepress.org/books/Book%20PDFs/Wicker%20Gre...

----
Here is a page out of a long running forerunner to the Federal Reserve Act, 1913. Revealing "The Journal of Political Economy, October 1908," page 489, "Aldrich–Vreeland Act"... Generally pro banking; if you can only stomach one page, this might be enough.
http://www.jstor.org/pss/1820381

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Who is Philander KNOX?

And where can we find the rest of his family to publicly JAIL them for criminal treason?

Knox & his Hatchet men......Lead right to Lord Rothschild's palace?

Knox, Secretary of State of Wonderland, for President Wilson

Philander Knox, Secretary of State, 1909 - 1913

Banker of the Monopoly Bankers, Lawyer of the Robber Barrons, Wonderland King Maker of "Deemed to Pass" 16th Amendment + 17th Amendment + Stagehand for "The Federal Reserve Act" Fort Knox is named after him. Fort Knox is where your gold was hidden while supplies lasted.

WHO WAS PHILANDER KNOX?
IS IT CREDIBLE THAT HE WOULD COMMIT FRAUD?

http://www.GiveMeLiberty.org/features/taxes/philanderknox.htm

Here is a sample...

President McKinley offered Knox the post of U.S. Attorney General in 1899, but Knox had to decline, because he was then and for two more years engaged in arranging the merger of the railroad, oil, coal, iron and steel interests of Carnegie, J.P. Morgan, Rockefeller, and other robber barons into the largest conglomerate in history - U.S. Steel. This immense corporation encompassed the interests of nearly all the robber barons in what Knox's new client, J.P. Morgan, referred to as a "community of interest." One important component of the conglomerate was Consolidated Iron Mines in the Mesabi Range of Minnesota, which Rockefeller had fraudulently swindled from the Merritt family, who later successfully sued John D. for fraud, but had to settle for a fraction of the award because they ran out of money during Rockefeller's appeals.

Income Tax, 16th Amendment: "Deemed to Pass" Never Ratified.
http://TheLawThatNeverWas.com

Direct Election of Senators, 17th Amendment: "Deemed to Pass" Never Ratified.
http://www.dailypaul.com/node/135952#comment-1452646

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Ouch.

He's related to diabolical neocon banker J.P Morgan from the Rockefeller dynasty. Now that's a traitor if I've ever seen one. They supposedly own JP Morgan chase too.

We will need names and addresses, to go monitor these bankers so when the time comes they can be surrounded & tossed in the brig.

Philander Knox, "The Gentleman's Time Has Expired"

His demise was not exaggeration. Just his achievements.

Philander Chase Knox (May 6, 1853 – October 12, 1921) was an American banker, lawyer and politician who served as Attorney General and U.S. Senator from Pennsylvania...

My demise might be thought of as just the opposite.
I was astonished one morning, awakened to the news, "Mark Twain, Dead." I wrote to the editors across this great land. "My demise was an exaggeration." Never heard back. But, I bear no grudge. Even if I did die, I wouldn't hear back.

Never did believe newspaper reports. I should know, I wrote some myself.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Something tells me

This clip is going to be around a looooong time :-)

"If this mischievous financial policy [greenbacks], which has its origin in North America, should become endurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debts. It will hav

nice!!

Thank you!!!

Love it

When Insana chokes on 'the gov.....' er, 'the Congress' and then claims to have read Jekyll Island.

If his lips are moving, he's lying. What a shill. This guy doesn't know anything more about the Fed than the man in the moon.

Insana knows nothing about anything.

It's kind of sad to see him open his mouth and broadcast his ignorance to the hundreds of people watching CNBC. They should probably take him off the air so he can't embarrass himself any further.

Oh, Barbie had a point too.

Oh, Barbie had a point too. LOL!

Even Bernanke admits it's a tax!

"Congressman, I couldn't agree with you more that inflation is a tax and that inflation is currently too high."
-Bernanke July 18, 2008

Ron explains it to Bernanke here and he agrees:
http://www.youtube.com/watch?v=D4yBrxmEOkY#t=16s

SteveMT's picture

On December 23, 1913, the Federal Reserve came into....

existence like a thief in the night.

May this Fed apologist eat worthless dollars until he turns green.

Santelli knows the truth.

And maybe someday.....

Some motivated writer/director will make a movie on this......

Ron Insanta is the same douche bag...

who said Ron Paul knows nothing about economics, about a month or 2 ago.

Cheers,

TimB

oh yeah!

Thats where I know trhat dude

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

yup,

all Santelli had to say was,

Rick: I'm sorry Ron INSANEa, how long did your Hedge Fund last for?

INSANEa: Er... tw..two... years...

Rick: the hotdog vendor down the street lasted longer than 20yrs. so what makes you think we should be listening to you on ANYTHING, least of all on financial matters?

INSANEa: er...

Rick: So you're an utter FAILURE. Right?

INSANEa: er...

Rick: Thought so. Why don't you apply for a job at the NY FED. maybe you'll have better luck propagandizing to Bernake.

god knows no one else in America who knows anything about money is gonna buy your brand of bullsh*t!

Cha Ching!

It seems I can not edit my

It seems I can not edit my first post so I will write it here:

Use this video instead:
http://www.youtube.com/watch?v=EDC1CkplVAM

Better quality.

~~
Teach a man to fish and you feed him for the rest of his life.
Teach a man to phish and he'll clean out your bank account.
~~

That Fed apologist is seriously nutso...

I wish Rick would've said that the Fed's expansion of the monetary supply is inflationary and is a hidden indirect tax... The worst tax of all.

I think that nutjob is the one that called Ron Paul ...

a nutjob and challenged him to a debate.

They Don't Know What They're Talking About

Deflation= a decrease in the money supply (not in prices)
Inflation = an increase in the money supply (not in prices)

Prices go up and down independently due to supply and demand. Inflation tends to raise prices due to an increase in the money supply and decrease in the value of the money, but it may lag, or apply to different things different ways.

Right now, prices on food have come down somewhat due to cheaper gas, but this is temporary. Prices on houses have come down.

My local restaurants have all kinds of specials. As they go out of business, prices will start coming back up.

The point is, that we are having inflation every time the Fed pumps more money into the system with easy credit, "printing money." Prices can come down all they want, but they won't stay there. They're blowing up a big bubble of cheap money. Soon, it won't buy anything.

Now is the time to buy durable assets at cheap prices and low interest, because the balloon is filled with air. We don't have deflation.

What do you think? http://consequeries.com/

There are two definitions.

"Inflation" can either refer to an increase in the money supply or it can refer to a general price increase. Neither definition is wrong.

The most common definition is the latter. Merriam-Webster: " 2 : a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services."

My favorite people in the world: Ron Paul, Glenn Beck, Peter Schiff, Judge Napolitano, Milton Friedman, Bob Barr, and John Stossel

True,

however the second definition came later to distort the original meaning of inflation - the increase in the money supply.

Early economists warned that governments would attempt to focus people's attention on price fluctuations so they would not look at the underlying cause which is the expansion of the money supply.

Economics

I was referring to the definition used by economists, not the public. These "experts" are talking and arguing at cross-purposes because they are using two different definitions.

The ones using the definition re money supply are making sense. The others are trying to apply the solution for one definition to a condition defined by the other definition. That's what's making things worse.

They don't realize that we are inflating the money supply and that lower prices are due to lack of demand, not to deflation as it is meant in economics. They want to apply the cure for deflation to an inflationary situation. This is why idiots should not be given any control of the market.

What do you think? http://consequeries.com/

End the Fed! Rick Santelli: "Who Created the Federal Reserve"?

"Who Created the Federal Reserve"?
Wasn't me. I am a documented "Innocent." Says right in my own book, "Innocents Abroad." Write your own history. I did.

Thank you Rick Santelli, Remembering History of the Cration of the Fed from Jekyll Island.

More details on the "Jekyll Island" Fed -and- and my innocence.

Mark Twain Autobiography Available 100 Years Late. Wrote This One Myself. Procrastinated.
http://www.dailypaul.com/node/135632

Economics: The Dismal Science

GDP (spent this year) vs "National Debt" (out of thin air). Is GDP and Debt a laughing matter? a concern? or both?
http://www.dailypaul.com/node/142219#comment-1514174

The Fed: Loaning you blind, since 1913.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

We need a new edit...so we can share

Does someone have a better quality version and can cut just to the jekyll island portion?

Make a Direct Request From Mox News.

They have the direct feed from broadcast. If their version is out of sync, it was likely broadcast that way. Strange.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

We need a new edit...so we can share

Does someone have a better quality version and can cut just to the jekyll island portion?

END THE FED!

We don't want a central bank that uses a debt based monetary system. We want decentralized banking that is NOT debt based. Legalize the constitution and competing currencies and the Fed will melt away like the wicked witch it is. No Gold standard either. Silver is King.

Give me control of a nation's money and I care not who makes the laws - Mayer Amschel Rothschild