What the Corporate Government Banking Media Complex Wants
Cross posted at the Voter Bomb
Our economy is structured to require ever expanding amounts of debt in order to keep growing. The banking system makes money by making loans, which gives it an incentive to loan, loan, loan -- even if banks know that the borrowers cannot pay the money back. As long as new loans are being made, banks make money and the economy continues to grow.
But people have reached a limit as to how much more debt they can take on. The people don't want any more debt, and the banking system is choking on bad debt of its own making.
Since people can't take on any more debt, and many can't pay back what they've already got, the economy can't grow under the system as it is structured now. The bankers are panicked because they won't make money, and in fact, they'll lose a lot. The government is panicked because if the economy doesn't grow, people will lose their jobs. Unemployed people tend to spend a lot of time watching TV and surfing the internet. Instead of work, work, working, they're likely to stumble across the truth online, hyperlink by hyperlink. And then they'll wonder why they've never heard about any of this stuff they're reading about on TV.
The truth will hit them like a load of bricks, and they'll realize: "They've been lying to me. All my life, I've been lied to!"
It is no wonder that the banks, the government, and the corporate mouthpiece media are all terrified and pleading, coercing and cajoling for the bailout. They're about to get caught in a web of lies by a mob of angry, unemployed people surfing the net!
The Federal Reserve is in big trouble and they know it. In the absense of government intervention, the Fed has continued to throw good money after bad. It is expanding its balance sheet, loaning out hundreds of billions to all comers and taking very poor collateral as backing. Yesterday's first attempt at a government bailout was really just a corporate welfare handout for the Fed and its immoral banking system. The Fed is, as we all know, a private bank. The profits of the system it presides over have been threatened.
The Government/Corporate/Banking Media Complex
As a result, the banking system want to shift all of its worthless debts onto the Government's balance sheet. The government wants ever more intrusive power power over your life. As if making you take off your shoes at the airport isn't enough. The media wants to pretend that everything is fine, and to keep selling you the newest shampoo/beer/car/vacation/fill in the blank. They want to go back to "normal" - to keep you in a peaceful state of hyposis, distracted from what is really going on in the world around you, selling you ever more stuff that you don't need and can't afford - not without another loan, that is.
In short, what they all want is for you to go back to being the little battery in their Matrix.
But the game is up. Enough of us are already awake, and there's no way we're going back to sleep. Our next goal is to End the Fed.
Oh yes, it is possible, and it will happen. Ron Paul, by his own admission, has been saying the same thing for 30 years. He was 30 years ahead of his time, and some of us have finally caught up with him. Have no doubt, we will prevail on this one as well, and I have a feeling that it won't be long.
Generate economy by encouraging people to bail out of T-bills!
Seems to me that if we want to take power away from the elite who benefit from the Federal government, then people need to stop holding and investing in T-bills and become their own bank. An investment in T-bills empowers the elitists controlling the Federal government. Remember T-bills are just paper, just like FRNs. Withdrawling our investment is their biggest fear. Holding onto T-bills locks up dollars as they say. I suggest investing in something other than T-bills such as physical food, supplies, silver and gold. These items stimulate our economy and the individual is empowered. But, what the hell do I know?
grant
Great post, Michael. That
Great post, Michael. That pesky internet..... man, they let that one get away from them...LOL. We're winning, and thanks for all you do here at the D.P.
Doc Holladay
Nashville, TN
http://www.myspace.com/docholladaymusic
www.reverbnation.com/docholladaymusic
Truth is treason in an empire of lies.
Why do you think shows like
American Idol or Dancing With The Stars are being produced. Another distraction for the masses?
Why do you think these so called news networks repeat the same news and talking points 24/7? Could it be considered a form of brainwashing for the masses?
Because it sure has divided the country into two separate camps; Democrat and Republican. And each side cheers on their candidates as if they were players in a football game.
Look, at least these
shows are not filled with blood and gore.
Everyone wants some distractions once an awhile. Otherwise, my TVi OFF!
Stop reading my mind.
Quit taking thoughts out of my head.
Find out if you have a local militia - http://www.uaff.us/
Real Patriots for 9/11 truth -- http://patriotsquestion911.com/
Excellent analysis
We're not going away. We're only getting stronger.
----
Support H.R. 6594 to give 9/11 First Responders (heroes) the help that they need and deserve. Watch "Dust to Dust" and "Dust to Deceit" to learn about the ongoing 9/11 Holocaust.
----
"...a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people." -John F. Kennedy
The Federal Reserve is NOT in trouble.
The Federal Reserve is under no risk of disappearing anytime soon.
And you're wrong the Federal Reserve is a for profit system, in the sense that it needs profit for itself to survive. They don't keep the profits, except a small amount to pay the modest salaries of Bernanke and the Fed governors. The rest of the profit goes to the Treasury. Saying that Fed is "private" doesn't mean much, because the profit goes to the government. The Fed was created by government, and it serves to enrich GOVERNMENT and whoever politicians decide to send money to, whether it's welfare, bailouts, or private contractors.
"They don't keep the
"They don't keep the profits, except a small amount to pay the modest salaries of Bernanke and the Fed governors."
HaHAhAhAHAHAHHAHHaHha
---------
"Better to be flexible like bamboo than rigid like oak, for when the storm comes bamboo will bend and survive, where as oak will crack and die."
Almost, just flip slightly
The Fed's profits don't go to the government. If they did we wouldn't be operating at a deficit.
The Fed was created by the banks, and enforced by the government at the point of the gun. But it exists to enrich the bankers who create it, and their spawn, and control the government and you, either through entitlements or tax policy. Those in the government are thrown a few crumbs, albeit golden crumbs, for following orders.
Taxes, especially income taxes, do not exist in order to fund the government. When you can print as much as you want, taxes aren't necessary. As former Chairman of the Fed Beardsley Ruml said in 1946, "taxes for revenue are obsolete."
Taxes exist to pull federal reserve notes out of circulation. The more money they print, the more M3 they create, the higher the taxes. Politicians run on lowering taxes, but they really know that's impossible with an ever-expanding money supply.
Right now, the Fed is between a rock and a hard spot. They're at a tipping point where inflating the money supply isn't going to help the economy anymore, where our bankruptcy means our treasury notes become worthless, where the exporting countries will turn on us because they don't need us anymore and switch to the Euro or Gold or gold-backed currency to denominate oil and the whole thing falls apart.
Honestly, I think they know it's falling apart, or going down as our chimp in charge characterized it. What we're witnessing is a final scramble for life boats and life jackets for themselves and their cronies. The bail out is nothing but the final, huge wealth transfer overseas for the banksters.
I would recommend....
That you START by watching "Freedom to Fascism". You could then proceed by reading "The Creature from Jekyll Island". At that point, you will understand the Fed and what it is a little better, and can proceed further down the rabbit hole. Ignorance is not a sin. But it is curable.
http://www.youtube.com/watch?v=Y6pAcBXt2j8
"Not armies, not nations, have advanced the race; but here and there, in the course of ages, an individual has stood up and cast his shadow over the world."
Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."
Viva La Revolucion!
http://www.youtube.com/watch?v=FmaTNf4YhEs
Of course it is in trouble
It is a bank. A bank has to make a profit.
The Fed's balance sheet is now full of crap, which puts its very existence at risk. I suppose you thought that neither Fannie nor Freddie were at risk, either?
No one knows what happens to the profits, because the Fed is never audited. Saying that the profits go to the Treasury is pure speculation on your part.
The Fed is not the Government, it is a private institution owned by its member banks. It, as well as the entire banking system is at risk. This is why the banking system is looking for a bailout.
Hank Paulson is the former head of Goldman Sachs. Who do you think he is looking out for? You and me? I hardly think so. He's looking out for his buddies on Wall Street.
Fed's balance sheet is now full of crap?
Are you calling my (ok, theirs) house crap?
Well if you could just let us
Take a quick peek at the carpets and drapes in your house then yes we can come to a conclusion ion whether your house is crap or not.
The whole point is no one can open the FED's front door and take a stroll around the casa.
Find out if you have a local militia - http://www.uaff.us/
Real Patriots for 9/11 truth -- http://patriotsquestion911.com/
Behold, a Fed apologist
Yes, the benevolent Federal Reserve. We can get such insightful analysis by tuning into FOECKS NEWS or CNN if we care to.
Please bestow upon us your brilliance on "Fractional Reserve Banking" too.
----
Support H.R. 6594 to give 9/11 First Responders (heroes) the help that they need and deserve. Watch "Dust to Dust" and "Dust to Deceit" to learn about the ongoing 9/11 Holocaust.
----
"...a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people." -John F. Kennedy
How am I a Fed apologist?
I'm for the abolition of the Fed.
I'm for abolition the reasons Dr. Paul is for it, not for the invalid urban legend reasons.
Buwhaahahaaa
Stupid troll. If Arron Russo was alive today he'd kick you in the face.
Find out if you have a local militia - http://www.uaff.us/
Real Patriots for 9/11 truth -- http://patriotsquestion911.com/
This "newuser"
of 4 days needs to be educated on what the federal reserve is all about
______________________
Research the REAL driving froce behind the New World Order:
www.dailypaul.com/node/59200
What!
Where does the intrest on the national dept go? I believe it goes to the FED does it not?
It's paid with more debt.
It's paid with a promise to pay, in other words. But it never gets paid. Simply more and more debt accumulates.
Wow, that's a whopper...
Are you going to try and put that one on Ron Paul too.
----
Support H.R. 6594 to give 9/11 First Responders (heroes) the help that they need and deserve. Watch "Dust to Dust" and "Dust to Deceit" to learn about the ongoing 9/11 Holocaust.
----
"...a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people." -John F. Kennedy
corrupt debt based system
Dead on commentary. They are afraid enough of us will wake up and destroy them and their con game.
"The tree of liberty has to be refreshed from time to time by the blood of patriots and tyrants." Thomas Jefferson. He knew what he was talking about. The time is here.
Thankfully we are still armed.
It is not just the Fed that must end
As long as national and local banks are permitted to create checking accounts out of thin air to loan out, the same debt problem exist. The Fed does facilitate this and without the Federal Reserve system it would be more difficult for banks to expand credit, but it would still happen.
What is needed is that gold and silver coins circulate as money, and that banks keep 100% reserves against all gold or silver checking accounts. This puts an end to the debt based money system. This puts an end to the ability of banks to create credit. These type institutions would not make loans, just warehouse gold and silver to facilitate electronic or paper check exchange of gold and silver money.
This idea that we need to rely primarily on credit for the economy to function is insanity. What we need is money that cannot be counterfeited. The economy would function quite well on a cash basis, houses, cars, televisions, etc. would still be built and sold. You would just save first to buy things that could not be funded out of your current paycheck. This does not preclude people risking saving their money in savings & loan type institutions that could loan out your money to businesses or others.
A second thing that should be done is to take away from government the authority to create corporations. If people want to join with others to operate businesses, general partnerships would work better because the owners cannot avoid responsibility for the bad actions of the partnership like corporate shareholders can. This would limit the size of businesses, thus promoting competition and making control of markets more difficult.
Just remember that credit money and corporations are inventions (bad ones) and we need to recognize that they are both detrimental to freedom.
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley
Makes perfect sence.
Also, don't forget that in the system to which you refer, the peoples spending power would be greatly increased as compared to our current system, because their money would have real non-inflated value. Their savings would be worth more.
---------
"Better to be flexible like bamboo than rigid like oak, for when the storm comes bamboo will bend and survive, where as oak will crack and die."
currency competition
"What is needed is that gold and silver coins circulate as money"
Competition in currency would allow people to choose. It would also avoid telling banks they can't use a fractional reserve system. Let the people choose the currency they prefer, and the banks will follow.
If the people use sound money, the banks will chase those profits. For the people that continue to use Federal Reserve Notes, they can look for banks that take FRNs as deposit and then loan out the paper 10 to 1.
In summary: Maybe we don't need to stop banks from being able to do fractional reserve lending. Competition in currency would allow sound money and banks and people could each choose their course of action.
Look what Ron Paul introduced in 2007:
H.R.4683
Free Competition in Currency Act of 2007
http://www.opencongress.org/bill/110-h4683/show
http://FlipFlopRomney.blogspot.com
Although I don't trust
Although I don't trust fractional reserve banking, I do believe in freedom. Let the people choose.
---------
"Better to be flexible like bamboo than rigid like oak, for when the storm comes bamboo will bend and survive, where as oak will crack and die."