How is the Fed evil?

This is a fun one:

http://100777.com/myron

of the Whore of Babylon and the fractional reserve banking system originated with the clerics of the Temple of the Sun God from Babylon in around 700 BC. They use the same techniques to suck the wealth out of the people that they used as the money changers at the Temple in Jerusalem. Read "Woe of Babylon".

tell your professor to read these 2 articles:
http://www.globalresearch...
http://www.globalresearch...

Written by Richard C. Cook, a policy analyst with the US Treasury Dept. from 1986-2007

It is not very long, you could read it in a couple of hours. Explains the history of the Federal Reserve since its inception to mid-1980's. Just Google the title, it should pop up, you can read it online.

http://video.google.com/v...

All of it.

Thank you friends
I actually already know quite a bit about why the federal reserve is bad for the public. I have read a few books about the nature of money, but I wanted to see if you all could bring some of those ideas back to the front of my mind, or if you had any information i did not. Thanks for all of your suggestions and references. Do not worry about my ability to defeat this professor in argument. I cannot lose because, as Paine wrote, "he who takes nature for his guide is seldom beaten out of his argument."
Keep fighting

Google Louis T. McFadden and find out why the Fed caused the Great Depression. Nothing less than deliberate enslavement of the American people. What could be more evil than that, unless you like slavery?

from the famous Richard Russell
http://www.rense.com/gene...

1. They stold our lawful money ( gold)
2. Jesus says The love of money is the root of all evil

The Fed inflates the money, which transfers purchasing power from those who are already holding dollars, to those who get the new money to spend.

The upshot is that wealth is transferred from those who produce it to the owners of the banks.

-jcr

1) The Federal Reserve System was not fully ratified by the Congress
2) The Federal Reserve was constructed through a joint venture of the Head Bankers of the European and American World and a senator Aldrich (look up book "creature from jekyll Island")
3) The Bankers who own the FED collect interest on the money they loan to America
4) It is unconstitutional for private organizations to create money to stop the exact action of point #3 (also called usury)
5) The bottom line is the Federal Reserve is a cartel that benefits a handful of bankers who control our money value and supply. They have no oversight or audit procedures. For alot of great information look up "web of debt"

I remember in high school learning about the Federal Reserve and its complicated system of balancing the inflation rate. All the formulas, charts, methods are a smokescreen for a very basic ponzi scheme. Watch "Money as Debt" on Google Videos or "Money Masters" to see the fraud. As Henry Ford said "If the people of America knew how our monetary system works there would be a revolt overnight"

others on the right side
http://www.youtube.com/wa...

organization. YES IT IS EVIL!
Article 1 section 10 of the US constitution says: "no state shall make anything but gold and silver coin legal tender..."
The dollar bill used to say redeemable in lawful money. If they were redeemable in lawful money then the federal reserve notes themselves could not be lawful.
There would be no inflation if we had lawful money and no federal reserve.
Prices almost never go up. It is the federal Reserve Bank that keep issuing more dollars in to circulation which decreases the value of the dollar.
So we need more and more dollars to pay for stuff.
In 1964 you could buy a brand new Caddillac fleetwood for about $3000.00
and had our monetary policy followed the constitution it would probably cost less today, not more.
So the fed inflates the currency we lose purchasing power. things get more and more expensive. One day we have to have duffle bags full of money to pay for groceries because of the fed.
So yes the fed is evil to the core.
Lately they have accelerated the increase in the money supply that is why you see the dollar falling against foreign currencies. It is also why you are seeing the price of goods increasing almost daily making it harder and harder for people to afford things. Gas is up, corn is up etc..
Although I will say that the price of gas has also increased because of speculation on the commodities market.
The federal reserve act of 1913 was enacted along with the income tax the same year and it was the biggest heist in History. Because now the bankers could plunder and rob the naive public at will.

The Case Against The Fed, Murray N. Rothbard

Also, Rothbard's "Origins of The Federal Reserve" is a very good short document that sets forth the identities, backgrounds and motivations of the individuals who labored so long and hard and spent so much money in order to get control of the monetary suppy of the U.S.

You can find a free downloadable copy of the foregoing article on the web. Many of Rothbard's books, including "What Has Government Done To Our Money" are out on the web in downloadable .PDF form. If you're just beginning your journey in the Austrian school of economics, I don't know of a better first book than "Economics In One Lesson" by Henry Hazlitt. It's also available, free, online and it's just as valid today as when it was first published in 1946. You will find many Keynesian myths laid bare between its covers.

I wish you luck in your studies but you should be advised that the normal response of your professor (I presume he's of Keynesian origin) will be something like: "That's Austrian School thinking"......as if someone who insisted that 2 + 2 *must* equal four is from the "Austrian School of Mathematics". Wish you had more time to prepare. Best regards.

The Fed is a cartel of private institutions that work in conjunction with government agencies. The Federal Reserve Act of 1913 was ostensibly designed to curtail the rash of independent bank collapses during the late 1800's. However, when one looks at the true origins of the Fed they will find a (secret at the time) meeting between some of the largest political and business figures of the day including Paul Warburg, Nelson Aldrich and representatives of J.P. Morgan. It is estimated that the men who met on Jekyll Island to plot the creation of the 4th central bank of the United States represented 1/4 of the world's wealth at that time. Whatever the intentions of those men, I can't imagine that they were real concerned about the average American worker, what we have today is a system where politicians and bankers work hand in hand to pursue their common goals.

Politicians need a lot of money to fund all these wonderful services our government so efficiently provides us. They can only tax up to a certain point before people begin to think that they could do without the services and the politician. Instead they have the Federal Reserve System which can ask the Treasury create counterfeit money to fund these government programs. New money floods the system and the people who get to spend the money first (the government and big businesses doing business with the government) profit the most.

Since the value of our dollar is backed by nothing other than our government's ability to use force against anyone not willing to accept it, the value of dollars in private savings and retirement accounts is reduced. By the time the average citizen notices, it is in the form of higher prices. This mechanism is really an inflation tax that is very unfair to the poor and middle class. The inflation tax is never discussed in politics outside of Ron Paul's campaign. I hope that will soon change.

Taken from the forward of G. Edward Griffin's excellent book "The Creature from Jekyll Island":


The Fed should be abolished because:

1. It is incapable of accomplishing its stated objectives
2. It is a cartel operating against the public interest
3. It is the supreme instrument of usury
4. It generates our most unfair tax
5. It encourages war
6. It destabilizes the economy
7. It is an instrument in totalitarianism

Check out the video "Monopoly Men" here's a link we have a few video on Monetary System

http://mikeandjake.com/ed...

Mike
"Fire Team for Freedom" and "Operation Daily Paul"
on revolutionbroadcasting.com
or visit www.mikeandjake.com

the members simply prefer power over freedom. Safety at the expense of liberty. And are fully in line with the main stream population.

Having said that, they are mis-guided and preventing us from reaching our full potential.

Bring on a competing currency.

We all have our roles.

http://www.lewrockwell.co...

www.lewrockwell.com and put in "ron paul federal reserve" and "ron paul gold standard" in the search bar. You'll find some great speeches by RP in there on the need for a gold standard and the evils of the Federal Reserve.

Also, maybe do a little history search on the Rothschild family, and the kinds of things they've done over the years to enslave other nations into a history of debt.

Why is the FED a secret organization if they have nothing to hide?
Who owns the FED?
When was the last time they were audited?
If they are not a Federal Agency and have no reserves, why do they call themselves the Federal Reserve?

Why was Jefferson so opposed to a central bank and said they were more dangerous to this country than a standing army.

Why did Andrew Jackson put on his tombstone - "Andrew Jackson - I killed the Banks"

Why did Lincoln consider the central bankers more dangerous than the confederate Army.

Where is the nations gold supply and when was the last time it was audited.

Why is the Fed not audited on a regular basis?

Why does the US need a group of private bankers to print money out of thin air, when it could do that themselves.

Why was the meeting that formed the Fed and the legislation that created it, done in such secrecy.

Why did Woodrow Wilson regret ever signing the Fed into law.

Why is it's organization and workings so confusing? An attempt to deceive?

That should get things started. Report back, would love to hear how it went.

and the current financial market proves me (and Dr. Paul) right.

How does it make sense to have men in ivory towers in Washington D. C. determining the interest rate for the country's entire banking system? Does that sound like a free market?

I was in the mortgage business when the big mortgage meltdown occurred. We were making loans for homes at 100% of the value of the home, no down-payment, to people with marginal credit scores and no verifiable income. Seriously. It was accepted practice. No matter what the person's situation, you could find a lender to take the loan... somebody somewhere would do it. Every lender had their niche. Then the loans were sold off to investors in bundles.

Why did this occur?

It's the same thing RP always pushes. The Fed artificially manipulating the interest rates caused this. Keeping rates artificially low for so long caused over-borrowing and malinvestment. If you're lending money at low rates, people are going to want to borrow. If people want to borrow, then the banks, wanting to take advantage of all the customers... they will figure out ways to lend. That's how the mortgage meltdown occurred.

What else did that cause? Well, you couldn't make money investing in CD's or putting your money in the bank (at 2% interest), so most people invested in the stock market. This means all of our stocks are likely overinflated. We're seeing them drop now.

Now, let's pretend we didn't have a Fed, and we had a truly free market economy related to the banking industry...

In a free market, banks would be competing for business. If one bank or group of banks had super-low rates for too long, they would begin to lose money. Foreclosures, etc would occur... just like is happening in the entire mortgage industry now. But it would only affect that one bank, or group of banks. The competition means that the banks would keep rates as low as they could... SAFELY... so they make money while gaining the maximum amount of customers, but without loaning money to people who are too high of a risk. You wouldn't have this market-wide free-for-all for customers just because some man behind a desk somewhere decided to keep rates at 2% for an entire decade. The banks that loaned their money wisely would succeed. The ones who tried to cheat the system would fail. Just like a free market is supposed to work.

This is just one example. Of course there is the constant devaluing of our currency due to inflation. You can't save money without having it devlaued unless you invest in gold or some other commodity that retains value. Inflation is the silent tax that wipes out the savings of the middle class.

www.kitco.com/ind/willie/...
The US Federal Reserve oversees the sequences of credit explosions, fails in its rational regulation, orders hidden subsidies to Wall Street banks, justifies the colossal inflation permitted, and under-writes the last bubble bust with more liquidity. It fails to comprehend that the sequence has gutted the national economy. The ongoing drama must be watched closely. The USFed on Wednesday was laid bare in its legless weakness and incapacity. They revealed they are in a corner, trapped, stuck in an unresolvable dilemma. Its propaganda was stripped. Its bluffs were called and they blinked. Its desperation is vividly and tragically clear. Enough on these guys, these charlatans, these improperly revered destructive parasites on the body economic!

important in your report to look into the people who OWN the Fed and their backgrounds. Peace

The charter states that it is to "provide the nation with a safe, flexible, and stable monetary and financial system."

It doesn't. It provides us with a system that leads to hyperinflation, robs the people of their wealth, and possibly causes the collapse of the nation that is supposedly serves.

But evil? Bad term, especially in an academic environment.

Let's start with something simple: since the Fed took over the money supply in 1913, the dollar has lost 98% of its value. That must be considered a dismal failure by any measure. That value was taken from people holding dollars in savings, in pensions, on fixed incomes, and given to bankers, politicians and special interest groups feeding at the government trough.

The Fed's manipulation of interest rates creates booms and busts. They caused the Great Depression and the stagflation of the 70's. They cause the dot com boom/bust and the housing boom/bust. The Fed's easy credit drove the derivative crisis that is threatening to undermine the entire financial system.

The inflation the Fed creates is a secret tax on people, stealing the value of their money without them knowing. And when the inflation gets big enough to be noticed, the government blames speculators.

How's that?

Michael Rowbotham is the author of THE GRIP OF DEATH A study of modern money, debt slavery and destructive economics.

Below are excerpts from Goodbye America! Globalisation, debt and the dollar empire also by Michael Rowbotham.

---

The lost debate

At the time of the depression, critics of the monetary system claimed that an economy based upon banking found itself in a position of perpetual instability. It was inherently vulnerable to slumps and booms, driven or depressed by the rate of borrowing. It would surge, then crash as businesses and consumer confidence waxed and waned, and as banks’ lending policy altered. However, the monetary reformers’ arguments went far deeper than the issue of ‘boom-slump-boom’. Monetary reformers mounted a wholesale attack on the adequacy of the financial system.

The most provocative and hotly contested claim by monetary reformers was that, with the use of bank credit as the dominant form of money, the economy was not self-liquidating. In other words, the economy suffered from a recurrent ‘lack of effective demand’ and was unable to sell all the goods it was capable of producing.

This was clearly a radical and disturbing concept. For an economy to be capable of producing goods and services, yet incapable of selling them to its consumers, would indeed be a bizarre circumstance. The monetary reformers pointed to the ‘poverty amidst plenty’ of the depression, when food was left to rot in the fields or burnt as fuel, whilst people starved and industry collapsed for want of sales to a population with no way to express its ‘real demand’ for the abundant goods and services of their own economy. The lack of effective demand, or ‘lack of purchasing power’, from which the economy suffered was blatant for all to see. But the criticism of monetary reformers went yet further. They argued that even outside a recession, when the economy did appear to be functioning properly, this was only because of perpetual investment and growth. There was still an underlying ‘lack of effective demand’ from the established economy. This was only being compensated for by growth, since the investment injected essential fresh bank credit into the economy.

The underlying ‘lack of effective demand’ made the economy reliant upon this constant investment. Economic stability was impossible. Simply to continue functioning, the economy had become dependent upon constant development, constant borrowing, and constant growth involving the speculative production of additional goods. This pursuit of economic change was directed neither by genuine demand nor sensible purpose.

People were caught up in this pattern of growth, ever more firmly tied to fulltime wage-earning by debt and lack of purchasing power. Those displaced from employment by new technology would find themselves recycled into new jobs, producing new goods which were not necessarily needed or wanted, but for which markets would have to be created. An age of perpetual growth, speculative production and reliance of the economy on ‘marketing strategies’ was prophesied. Work, employment and production were becoming an end in themselves, justified by little more than being a route for distributing incomes to a population increasingly wage-dependent as their debt grew.

The lack of effective demand and pointless over-production forced nations to search for overseas markets, both as outlets for their unsold goods, and in pursuit of revenues to bolster their illiquid economies. Since all nations were under such pressure, they became locked into an impossible and irreconcilable economic conflict - export warfare - where each nation attempted to become a net exporter. But since for every net exporter there must be a net importer, in aggregate, nations were searching for markets that didn’t exist.

It was further argued that a bank-based money supply had a dramatic impact on government revenue and the nature of taxation. The perpetual scarcity of money in a debt economy let to a shortfall of taxation revenues and annual government borrowing. Meanwhile, the cumulative backlog of an interest-bearing national debt resulted in taxation becoming ever more predatory and oppressive.

There were micro-economic effects too. Monetary shortage not only drove people and businesses further into debt, but this gave a pronounced advantage to cheap, low-cost products. Thus, the financial system was accused of being responsible for the many ‘jerry-built’ products of the inter-war depression years.

So unbalanced was the financial system that banking - which ought to reflect economic activity rather than dominate it - had actually become a focus of policy, exerting growing centralized control over both the economy and individuals. Ultimately, this was because banks administered the debt bondage in which all were held, and banks were the source of fresh debt upon which the economy was becoming increasingly dependent.

In summary, the monetary reformers claimed that the monetary economy had come to dominate and distort the real, productive economy. Conflicts, pressures and a cycle of development were being fostered by a financial system that did not reflect reality. Banking had secured a ‘monopoly of credit creation’ and government, by refusing to create and circulate a sufficient medium of exchange free from debt, was neglecting its primary fiscal responsibility. Governments had thereby abandoned their peoples to perpetual economic slavery in a dysfunctional, out-of-control economy.

From these assertions, it is clear that this was not just an economic critique, but a highly charged socio-political debate. The significance of these arguments is further emphasized when they are placed in a broader historical context.

…

The drive behind globalisation
…
As discussed in the opening chapter, the dominance of the international market and the recent upsurge in international trade is seen as one of the most damaging features of globalisation. Of curse, it is not trade per se that is the focus of concern, but that involving
(a) the international exchange of near-identical products, and
(b) the importing of goods and services that could be produced locally.
…
As a related, geographical example, why is it profitable to grow vegetables in the southern hemisphere and air-lift them to Europe? This is a vastly inefficient use of resources. Apart from the gross wastage of the transport involved, the misuse of land is glaringly apparent. Land desperately needed in southern Africa to feed indigenous populations is directed to producing foodstuffs for export, whilst in Europe 10% of land is currently out of production under set-aside and Europe’s farmers are struggling to survive.
…

Under-consumption does not mean that consumers are buying too little, but that they are unable to buy all of the goods that their economy is producing.
…

Extensive marketing and globalisation

Overproduction, under-consumption and intense competition for scarce consumer purchasing power all have a critical effect on commerce, particularly on marketing. These factors constitute the main drive behind globalisation by creating an ubiquitous pressure towards extensive marketing. This involves the use of transport as a competitive strategy - a device for securing adequate sales in a cut-throat market.

This is most easily outlined as the international level. If an economy suffers from a lack of effective demand, and difficulty in selling the goods and services it produces, the obvious solution is to try to sell some of its products to another economy - i.e. to export. Another economy offers an increased customer base and additional consumer purchasing power.

Of course, this instantly creates a problem. Commerce attempting to export in search of additional sales will come into conflict with domestic commerce in another country. That nation’s domestic commerce, already suffering from the lack of purchasing power within its own economy, will find its sales reduced by foreign goods. Commerce in that nation will have to respond, and one of the strategies it will use will be to attempt to find its own export outlets. But if all economies suffer from debt and under-consumption, and their commerce is seeking overseas sales, commerce is still, in aggregate, seeking sales that do not exist.

This analysis explains two phenomena. First, the conflict that is all too evident in the constant effort to ‘capture’ foreign markets whilst ‘defending’ domestic markets in a global economy dominated by surpluses and inadequate sales. Second, it explains the cross-border exchange of near-identical goods and services, since to the extent that each firm is successful in its export drive, this will inevitably lead to an exchange of customers.

This pressure to export is more accurately described, not in terms of international trade, but in geographical terms, since the export imperative also operates within a national economy. Globalisation is an extension into the international domain of trends that have dominated domestic economies for many years - released by the free trade ethic that has progressively removed protectionist barriers.

The intense competition for sales in a debt economy places pressure on firms to supply goods and services to a wide geographical area, since this will offer them a wide potential customer base. If a firm initially serves a local market, the lack of purchasing power within the local area will pressure it to seek a wider regional market. If a firm has a regional market, there is pressure it to seek the additional purchasing power of a national market. If a firm cannot obtain sufficient sales from within its national market, it will be obliged to seek a foreign market for its products. Firms in all localities, regions and nations are under the same pressure - driven by the lack of effective demand within their existing market range, and in response to invasion by competitor firms from further afield.

This offers us a powerful explanation for the intense conflict over trade in the world as a whole and the trend towards the increasing ’overlap’ of markets. With all firms using transport as a competitive device to seek further markets, the final result is a thin spread of national or international supply by firms, with massive transport costs incurred and shared, and near-identical goods from many different manufacturing sources available in most areas.

is to get your argument together and refined and tested under debate, before you go into something like that.
You've waited till the last minute, and it will show in class if you try to make a point about it. And even if we give you some points to make, if he counters your point, what are you going to say then?

Get some books on the subject, like "Creature from Jekyll Island" by G. Edward Griffin, and some other good expose documentation about the FED and its history and its methods. Compare what the FED does in comparison to what the Constitution says. Study the Federal Reserve Act of 1913, and get versed on how they foisted that on us. Learn about what "fractional reserve banking" is. Why money is sometimes backed with something of value, vs money that is not. How money loses value thru inflation.
Do all that first,and then have it out with your professor, if that's what you have in mind. Without that, he'll decimate you in front of everybody, and it will be a nightmare.

the bible says to stay away from unjust weights and measures..
the dollar bill is counterfeited.. the more money the federal reserve prints the less your dollars are worth.. inflation is a secret tax the government uses to take money from the citizens with out taxing them directly.

as for me and my home, we shall worship the LORD