The Roots of the Fed Reserve

**vinnie97** · 11-16-10, 12:57 AM

Fascinating read and another sobering reminder that our current day problems may run much deeper than the left/right paradigm (if you can't handle historical religious references, don't bother):

http://www.scionofzion.com/federalreserve.htm

It lists the 10 banks comprised of the Fed Reserve and how they use debt to add to their wealth and keep the world in bondage.

Two Rothschild banks are members, and this is what one baron of the family had to say many years ago:

"I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain's money supply controls the British Empire, and I control the British money supply."

It also chronicles the resistance to a national bank by the Founders leading all the way up to Lincoln when the Civil War was used as a front to provide the bankers with an excuse to officially establish presence on domestic soil. Then, it goes on to explain the history of the Fed Reserve and follows the money behind international conflicts, revolutions and depressions caused in its wake.

You can do your own research if you think it's a slew of conspiracy theory, but I'm convinced that Ron Paul is our only hope. Too bad the braindead masses are too indoctrinated, pampered and intentionally dumbed down to understand what's at stake. Accountability and the reigning in of these perpetrators is the only way things will improve in the long-term. Of course, these murky individuals can't be called "capitalists" because they don't play by anyone's rules but their own as if in a vacuum, and resemble command and control dictators in their control of the money supply (notice how 0bama had to take it in the pants from many world leaders about the FED's latest misbehavior; this makes him the latest puppet in a long line of them). May they all die a miserable and violent death for exacting same upon the countless masses over the millenia.

**Fibonacheech** · 11-16-10, 10:33 AM

There is a movement gaining solid traction in the house to bring a bill forward that would end the Feds 'Maximum Employment' mandate.

In 1977 this mandate was added to the Feds normal monetary control as a method to artificially move rates in order to stimulate growth which leads to stimulating employment.

This has been proven however to not work under an economy with deflating credit.

Thus artificially keeping rates low is having no material effect on growth... and actually can be easily viewed as causing much more damage than expected (see Greenspan zero rates).

If this recalling of mandate were to take place then one of the major pillars of the Feds ability to seize a stranglehold on our economy would disappear overnight.

And yes... Ron Paul is one of the very few that really get it. Sure hes kinda nutty in many of his ideas... but when it comes to the Fed and monetary supply he is spot on.

Still cant wait for the first Bernanke testimony with Paul at the helm of the Financial House Committee.

**PETA** · 11-16-10, 09:13 PM

Still cant wait for the first Bernanke testimony with Paul at the helm of the Financial House Committee.

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so are there safe havens for $$?

Gold has been doing well... people going to run there and bump the price?

Is it wise to hold or dump dollars? Where do you dump them is the goal is to avoid devaluing them even more in the coming inflation bomb?

Seems we're at a very interesting point. We'll soon be forced onto the horns of a dilema. We can pay our debt or we can default. Both will be extremely painful and by the time the choice is forced upon us there may only be one left.

What would be the immediate consequence of default - other than not being able to borrow. I know that's huge... I guess I'm asking what will the specific consequences be? How will it play out?

**zerojunkie** · 11-17-10, 10:01 PM

Would we really default with a debt to GDP ratio close to one? I mean, I know it's bad, but England has an enormous ratio (that's what she said) and while they're doing a lot to reign it in there's not a whole lot of talk about GB folding.

**PETA** · 11-18-10, 02:38 AM

UK was 69% debt to GDP 2009 est

ours was 52 ish

Japan nearly 200

thing is, we don't have the choice.... we don't choice to default. We default when we cannot pay those who hold are paper...

states often start printing lots of money under these conditions so they can sell bonds for bigger dollars than they pay them back with... its an electronic form of clipping coins.

when no one will buy our debt offers and we have no cash to pay our paper holders... we default and not by choice

I say we invade Canada and claim it was their fault and sell Alberta to China to satisfy the debt