PrisonPlanet Forum
July 31, 2014, 09:44:05 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
 
   Home   Help Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: Who is to "blame" for the financial crisis?  (Read 6897 times)
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« on: October 03, 2011, 03:57:39 PM »

http://www.prisonplanet.com/blaming-wall-street-is-wrong.html

Blaming Wall Street Is Wrong

Anthony Wile
The Daily Bell
Oct 3, 2011

The Blame Wall Street meme is back. A popular movement called Occupy Wall Street is attracting attention by protesting in and around the US financial district. In this editorial, I want to examine what the protest means in a larger context.

The impulse of the demonstration is surely correct insofar as it goes. Today’s monetary system is likely creating a kind of globalist society verging on feudalism. But are the fingers pointing in the right direction? I’m not so sure.

[Continued...]

----------------------------

I have three questions for Mr. Anthony Wile:

1.  Who lobbied to have the Glass-Steagall Act repealed?

2.  Who created the quadrillion-dollar derivatives bubble?

3.  Who then used the resultant financial crisis as leverage to extort tens of trillions in "bailout" money from U.S. taxpayers?
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
feeditup
Member
*****
Offline Offline

Posts: 857


« Reply #1 on: October 03, 2011, 04:00:24 PM »

corporations shipping are jobs out and mostly the fed
Logged

Facebook is the Barn of the sheep, time to break in, Tare some f**king wool up
worcesteradam
Member
*****
Offline Offline

Posts: 4,516


Knight Commander of the Old Republic


WWW
« Reply #2 on: October 03, 2011, 04:06:44 PM »

government
Logged

"Politicians are obliged from time to time to conceal the full truth where the interests of the bigger strategic goal demand that it be done” - Tony Blair
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« Reply #3 on: October 03, 2011, 04:24:01 PM »

government

News flash: the so-called "Federal" Reserve is private:

       http://www.globalresearch.ca/index.php?context=va&aid=10489
       http://www.globalresearch.ca/index.php?context=va&aid=25080

So too are the Wall Street casino gamblers who (thanks to DE-regulation) created the quadrillion-dollar derivatives bubble:

       http://www.webofdebt.com/articles/its_the_derivatives.php

Unfortunately, those who've invested all their ego and emotion into the presumed infallibility of the anarcho-capitalist dogma of the privatize-everything Austrian School would rather turn reality on its head than admit to this.
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
worcesteradam
Member
*****
Offline Offline

Posts: 4,516


Knight Commander of the Old Republic


WWW
« Reply #4 on: October 03, 2011, 04:29:58 PM »

whether its private or not it relies on government, they passed laws to create it.

it seems to me that government agencies are probably private, because agency is under commerce law not public law
Logged

"Politicians are obliged from time to time to conceal the full truth where the interests of the bigger strategic goal demand that it be done” - Tony Blair
MonkeyPuppet
Member
*****
Offline Offline

Posts: 2,982


aut libertas aut mors


« Reply #5 on: October 03, 2011, 04:30:53 PM »


Politicians not fearing death for treason.

Yeah, the Federal Reserve is private, but its ability to hold the U.S. (and arguably the world) hostage is made possible by Congressional collusion.

Wall Street is full of profit-driven scoundrels, but they're just playing with the cards available... even the ones handed to them under the table.  Without government/corporate collusion, the massive devaluation scams would be impossible.  People would still attempt fraud, but it wouldn't be made "legal" without that collusion.

To say the answer to 1984 is 1776 (and the financial crisis being part of the 1984 shit) becomes empty without realizing 1776 involved employing VIOLENCE after all manner of peaceful resolution failed.
Logged


Income Tax: Shattering The Myths
w w w . original intent . o r g

The 1911 in .45 ACP... don't leave home without it!  Safety first!!
9/11-insider trading
Member
****
Offline Offline

Posts: 316


« Reply #6 on: October 03, 2011, 04:38:47 PM »

whether its private or not it relies on government, they passed laws to create it.

it seems to me that government agencies are probably private, because agency is under commerce law not public law

I agree but they pass laws for the banks because the bankers own them. globalist bankers are the biggest problem. Good point about gov agencies and also lots of agency execs end up running banks or vice versa...
Logged
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« Reply #7 on: October 03, 2011, 04:43:24 PM »

whether its private or not it relies on government

You're one step away from realizing the real truth: private aristocrats don't just "rely" on oppressive governments; they create them in order to protect and expand their stolen fortunes:

--------------------------------------------

http://lysanderspooner.org/node/59

In process of time, the robber, or slaveholding, class -- who had seized all the lands, and held all the means of creating wealth -- began to discover that the easiest mode of managing their slaves, and making them profitable, was not for each slaveholder to hold his specified number of slaves, as he had done before, and as he would hold so many cattle, but to give them so much liberty as would throw upon themselves (the slaves) the responsibility of their own subsistence, and yet compel them to sell their labor to the land-holding class -- their former owners -- for just what the latter might choose to give them.

Of course, these liberated slaves, as some have erroneously called them, having no lands, or other property, and no means of obtaining an independent subsistence, had no alternative -- to save themselves from starvation -- but to sell their labor to the landholders, in exchange only for the coarsest necessaries of life; not always for so much even as that.

These liberated slaves, as they were called, were now scarcely less slaves than they were before. Their means of subsistence were perhaps even more precarious than when each had his own owner, who had an interest to preserve his life. They were liable, at the caprice or interest of the landholders, to be thrown out of home, employment, and the opportunity of even earning a subsistence by their labor. They were, therefore, in large numbers, driven to the necessity of begging, stealing, or starving; and became, of course, dangerous to the property and quiet of their late masters.

The consequence was, that these late owners found it necessary, for their own safety and the safety of their property, to organize themselves more perfectly as a government and make laws for keeping these dangerous people in subjection; that is, laws fixing the prices at which they should be compelled to labor, and also prescribing fearful punishments, even death itself, for such thefts and tresspasses as they were driven to commit, as their only means of saving themselves from starvation.

These laws have continued in force for hundreds, and, in some countries, for thousands of years; and are in force today, in greater or less severity, in nearly all the countries on the globe.

The purpose and effect of these laws have been to maintain, in the hands of the robber, or slave holding class, a monopoly of all lands, and, as far as possible, of all other means of creating wealth; and thus to keep the great body of laborers in such a state of poverty and dependence, as would compel them to sell their labor to their tyrants for the lowest prices at which life could be sustained.

The result of all this is, that the little wealth there is in the world is all in the hands of a few -- that is, in the hands of the law-making, slave-holding class; who are now as much slaveholders in spirit as they ever were, but who accomplish their purposes by means of the laws they make for keeping the laborers in subjection and dependence, instead of each one's owning his individual slaves as so many chattels.

[Continued...]

--------------------------------------------

The solution, therefore, is not to throw the baby out with the bathwater, but to reclaim from these ruling-class parasites our rightful control over our own government.

http://www.youtube.com/watch?v=DioQooFIcgE
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
chris jones
Member
*****
Online Online

Posts: 17,692


« Reply #8 on: October 03, 2011, 08:01:27 PM »

News flash: the so-called "Federal" Reserve is private:

  Hiu Geo, sure the Fed R is private, tell that to the Bernake. They have been give authority, despite the fact they had a so called investigation, Bernake was treating the congress like tards. They are well aware of their position in the polital theater and using it along with their highly placed Gog officals and their elites.
  Ask an average Joe what the FED is and he will reply (golly their a part of the GOV0, all appearences have been played out, and the ability of the fed to manipulate our economic structure-demise, is unquestionalble. It a syndicate.  
Logged
lovkarpin
Member
**
Offline Offline

Posts: 73



« Reply #9 on: October 03, 2011, 08:58:52 PM »

I chose 'Primarily the Federal Reserve, secondarily Wall Street bankers'.

This whole 'Wall-Street' apparatus merely represents a function which is enabled by monetary policy, as enforced by the Fed.

Without 'Wall-Street' some other speculative, too-big-to-fail, economically-privileged entity would rise to fill in the vacuum.
Logged
able
Member
*****
Offline Offline

Posts: 1,069


« Reply #10 on: October 03, 2011, 09:39:52 PM »

Primarily the Federal Reserve, secondarily Wall Street bankers for me to.
Logged

my kids are not cannon fodder for the n.w.o!
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« Reply #11 on: October 04, 2011, 12:22:03 PM »

I chose "The Federal Reserve and Wall Street bankers are both equally to blame," because they're two sides of the same financial oligarchy:

--------------------------

http://www.prisonplanet.com/paul-farrell-explains-why-the-fed-wall-street-complex-will-self-destruct-by-2012.html

Paul Farrell Explains Why The Fed-Wall Street Complex Will Self Destruct By 2012

Tyler Durden
Zero Hedge
Tuesday, October 5, 2010

Some rather scary predictions out of Paul Farrell today: “It’s inevitable: Wall Street banks control the Federal Reserve system, it’s their personal piggy bank. They’ve already done so much damage, yet have more control than ever. Warning: That’s a set-up. They will eventually destroy capitalism, democracy, and the dollar’s global reserve-currency status. They will self-destruct before 2035 … maybe as early as 2012 … most likely by 2020. Last week we cheered the Tea Party for starting the countdown to the Second American Revolution. Our timeline is crucial to understanding the historic implications of Taleb’s prediction that the Fed is dying, that it’s only a matter of time before a revolution triggers class warfare forcing America to dump capitalism, eliminate our corrupt system of lobbying, come up with a new workable form of government, and create a new economy without a banking system ruled by Wall Street.” And just like in the Hangover, where the guy is funny because he’s fat, Farrell is scary cause he is spot on correct.

Handily, Farrell provides a projected timeline of events:

[Continued...]


http://www.rollingstone.com/politics/news/wall-streets-bailout-hustle-20100217

Wall Street's Bailout Hustle

Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy — they're re-creating the conditions for another crash

By Matt Taibbi
Rolling Stone
February 17, 2010

On January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming America's pre-eminent Marvel Comics supervillain, the CEO used the call to deploy his secret weapon: a pair of giant, nuclear-powered testicles. In his message, Blankfein addressed his plan to pay out gigantic year-end bonuses amid widespread controversy over Goldman's role in precipitating the global financial crisis.

[Continued...]


http://www.globalresearch.ca/index.php?context=va&aid=17667

Wall Street’s War Against Main Street America

by Prof. Michael Hudson



Global Research
February 17, 2010

Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times, (Feb. 16)[1] outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If the government hadn’t bailed out Wall Street’s bad loans, he claims, “unemployment could have exceeded the 25 percent level of the Great Depression.” Without wealth at the top, there would be nothing to trickle down.

The reality, of course, is that bailing out casino capitalist speculators on the winning side of A.I.G.’s debt swaps and CDO derivatives didn’t save a single job. It certainly hasn’t lowered the economy’s debt overhead. But matters will soon improve, if Congress will dispel the present cloud of “uncertainty” as to whether any agency less friendly than the Federal Reserve might regulate the banks.

Mr. Paulson spelled out in step-by-step detail the strategy of “doing God’s work,” as his Goldman Sachs colleague Larry Blankfein sanctimoniously explained Adam Smith’s invisible hand. Now that pro-financial free-market doctrine is achieving the status of religion, I wonder whether this proposal violates the separation of church and state. Neoliberal economics may be a travesty of religion, but it is the closest thing to a Church that Americans have these days, replete with its Inquisition operating out of the universities of Chicago, Harvard and Columbia.

If the salvation is to give Wall Street a free hand, anathema is the proposed Consumer Financial Protection Agency intended to deter predatory behavior by mortgage lenders and credit-card issuers. The same day that Mr. Paulson’s op-ed appeared, the Financial Times published a report explaining that “Republicans say they are unconvinced that any regulator can even define systemic risk. … the whole concept is too vague for an immediate introduction of sweeping powers. …” Republican Senator Bob Corker from Tennessee was willing to join with the Democrats “to ensure ‘there is not some new roaming regulator out there … putting companies unbeknownst to them under its regime.’”[2]

Mr. Paulson uses the same argument: Because the instability extends not just to the banks but also to Fannie Mae and Freddie Mac, Lehman Brothers, A.I.G. and Wall Street underwriters, it would be folly to try to regulate the banks alone! And because the financial sector is so far-flung and complex, it is best to leave everything deregulated. Indeed, there simply is no time to discuss what kind of regulation is appropriate, except for the Fed’s familiar protective hand: “delays are creating uncertainty, undermining the ability of financial institutions to increase lending to businesses of all sizes that want to invest and fuel our recovery.” So Mr. Paulson’s crocodile tears are all for the people. (Except that the banks are not lending at home, but are shoveling money out of the U.S. economy as fast as they can.)

As Mr. Obama’s chief of staff Emanuel Rahm put it, a crisis is too good a thing to waste. It’s a con man’s old trick to pressure the victim to make a decision fast. Having created the crisis, Wall Street wants to use its momentum to knock out any potential checks to its power. “No systemic risk regulator, no matter how powerful, can be relied on to see everything and prevent future problems,” Mr. Paulson explained. “That’s why our regulatory system must reinforce the responsibility of lenders, investors, borrowers and all market participants to analyze risk and make informed decisions,” In other words, blame the victims! The way to protect victims of predatory bank lending (and crooked sales of junk securities) is not new regulations but just the opposite: “to simplify the patchwork quilt of regulatory agencies and improve transparency so that consumers and investors can punish excesses through their own informed investing decisions.” Simplification means the Fed, not a Consumer Financial Protection Agency.

[Continued...]


http://www.globalresearch.ca/index.php?context=va&aid=17767

Part III: The Axis of Greed: The Nature and Structure of the Economic Elite

by David DeGraw



Global Research, February 27, 2010
Amped Status - 2010-02-19



    “The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies, all who question its methods or throw light upon its crimes… As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money powers of the country will endeavor to prolong it’s reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.”





U.S. Elite
Institutions:

Federal Reserve
Business Council
Bilderberg Group
Conference Board
Brookings Institute
Advertising Council
Heritage Foundation
Trilateral Commission
Business Round Table
Chamber of Commerce
Federal Trade Commission
Council on Foreign Relations
American Petroleum Institute
American Enterprise Institute
American Bankers Association
Pharm Research & Manufacturers
Public Relations Society of America
American Psychological Association
Project for a New American Century
Securities and Exchange Commission
Committee for Economic Development
National Association of Manufacturers
Carnegie / Ford / Rockefeller foundations
Military / Media / Prison Industrial Complex

I don’t view the Economic Elite as a small group of men who meet in secrecy to control the world. They do feature elements of conspiracy and are clearly composed of secretive organizations like the Bilderberg Group - this is not a conspiracy theory, this is a conspiracy fact - but as a whole the Economic Elite are primarily united by ideology. They’re made up of thousands of individuals who subscribe to an ideology of exploitation and the belief that wealth and resources need to be concentrated into the fewest hands possible (theirs), at the expense of the many.

That being said, there are some definite lead players in this group and it is important that we are not too vague and expose the individuals who publicly lead them. Focusing on the fundamental structure of the US economy, we have people like Hank Paulson, Tim Geithner, Ben Bernanke, Robert Rubin, Larry Summers, Alan Greenspan, Lloyd Blankfein, Jamie Dimon, John Mack, Vikram Pandit, John Thain, Hank Greenberg, Ken Lewis, John J. Castellani, Edward Yingling and Tom Donohue.

In total, the Economic Elite are made up of about 0.5% of the US population. At the center of this group is the Business Roundtable, an organization representing Fortune 500 CEOs that is also interlocked with several lead elite organizations. Most Americans have never heard of the Business Roundtable. However, in my analysis, it is the most influential and powerful Economic Elite organization.

[Continued...]

--------------------------

I understand the point that it's a mistake to say that Wall Street alone is to blame for this mess. Nevertheless, anyone who errs in the opposite direction by saying that it's "wrong" to blame Wall Street is either a political operative or an unwitting dupe of someone who is.

As for the claim that "government" is solely to blame, the Austrian Schoolers who parrot this mantra are essentially exclaiming to anyone foolish enough to listen:

"Pay no attention to those puppet masters behind the curtain! It's their puppets who are to blame for all this!"  Roll Eyes
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
Constitutionary
Member
*****
Offline Offline

Posts: 2,243


« Reply #12 on: October 04, 2011, 12:30:21 PM »

Order of Blame:

1) Bilderberg Group
2) The Federal Reserve
3) Wall Street
4) globalist-Republicans and globalist-Democrats
5) Idiot voters that elect globalist-Republicans and globalist-Democrats.

We could have turned this around in 2008 with a Chuck Baldwin/Darrell Castle Administration.

Instead Ron Paul supporters were writing Ron Paul in or voting for Bob Barr.   Angry

Americans get too caught up in bandwagon voting rather than voting for the person that best represents them.   Angry
Logged
DireWolf
Member
*****
Offline Offline

Posts: 1,122


Freedom, Liberty & death to the NWO


« Reply #13 on: October 04, 2011, 01:27:39 PM »

Who is to blame for the financial crises? Ultimately we ( you and I ) are to blame.
 
It has been our apathy and greed as a society, and as individuals that allowed this to spiral out of control. Had we and the generation(s) (recent) been more concerned with what was right  than with how we could profit / gain, we would have been holding our elected servants accountable instead of trying to now rationalize our negligence in this area.

 They knew how to manipulate the human condition and did a good job of it. IT IS OUR FAILURE TO RECONIZE THIS WHICH BRINGS THE BLAME DOWN ON US. Standing up and being heard has it's costs, but saying and doing nothing is more costly than one can imagine.
Logged

Freedom and Liberty, or slavery and death, your choice, choose wisely.
White Rose Sophie
Member
*****
Offline Offline

Posts: 2,080


« Reply #14 on: October 04, 2011, 02:16:41 PM »

You're one step away from realizing the real truth: private aristocrats don't just "rely" on oppressive governments; they create them in order to protect and expand their stolen fortunes:

--------------------------------------------

http://lysanderspooner.org/node/59

In process of time, the robber, or slaveholding, class -- who had seized all the lands, and held all the means of creating wealth -- began to discover that the easiest mode of managing their slaves, and making them profitable, was not for each slaveholder to hold his specified number of slaves, as he had done before, and as he would hold so many cattle, but to give them so much liberty as would throw upon themselves (the slaves) the responsibility of their own subsistence, and yet compel them to sell their labor to the land-holding class -- their former owners -- for just what the latter might choose to give them.

Of course, these liberated slaves, as some have erroneously called them, having no lands, or other property, and no means of obtaining an independent subsistence, had no alternative -- to save themselves from starvation -- but to sell their labor to the landholders, in exchange only for the coarsest necessaries of life; not always for so much even as that.

These liberated slaves, as they were called, were now scarcely less slaves than they were before. Their means of subsistence were perhaps even more precarious than when each had his own owner, who had an interest to preserve his life. They were liable, at the caprice or interest of the landholders, to be thrown out of home, employment, and the opportunity of even earning a subsistence by their labor. They were, therefore, in large numbers, driven to the necessity of begging, stealing, or starving; and became, of course, dangerous to the property and quiet of their late masters.

The consequence was, that these late owners found it necessary, for their own safety and the safety of their property, to organize themselves more perfectly as a government and make laws for keeping these dangerous people in subjection; that is, laws fixing the prices at which they should be compelled to labor, and also prescribing fearful punishments, even death itself, for such thefts and tresspasses as they were driven to commit, as their only means of saving themselves from starvation.

These laws have continued in force for hundreds, and, in some countries, for thousands of years; and are in force today, in greater or less severity, in nearly all the countries on the globe.

The purpose and effect of these laws have been to maintain, in the hands of the robber, or slave holding class, a monopoly of all lands, and, as far as possible, of all other means of creating wealth; and thus to keep the great body of laborers in such a state of poverty and dependence, as would compel them to sell their labor to their tyrants for the lowest prices at which life could be sustained.

The result of all this is, that the little wealth there is in the world is all in the hands of a few -- that is, in the hands of the law-making, slave-holding class; who are now as much slaveholders in spirit as they ever were, but who accomplish their purposes by means of the laws they make for keeping the laborers in subjection and dependence, instead of each one's owning his individual slaves as so many chattels.

[Continued...]

--------------------------------------------

The solution, therefore, is not to throw the baby out with the bathwater, but to reclaim from these ruling-class parasites our rightful control over our own government.

http://www.youtube.com/watch?v=DioQooFIcgE

Oh my god.  I'm starting to agree with you.  It's like a veil's been lifted.   It makes perfect sense.

 Shocked Thank you.

Logged
Freeski
Member
*****
Offline Offline

Posts: 20,732


« Reply #15 on: October 04, 2011, 02:21:45 PM »

Who is to blame for the financial crises? Ultimately we ( you and I ) are to blame.
 
It has been our apathy and greed as a society, and as individuals that allowed this to spiral out of control. Had we and the generation(s) (recent) been more concerned with what was right  than with how we could profit / gain, we would have been holding our elected servants accountable instead of trying to now rationalize our negligence in this area.

 They knew how to manipulate the human condition and did a good job of it. IT IS OUR FAILURE TO RECONIZE THIS WHICH BRINGS THE BLAME DOWN ON US. Standing up and being heard has it's costs, but saying and doing nothing is more costly than one can imagine.

Well said!

"Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it."
--Thomas Paine

And of course, this epic one:

"The only thing necessary for the triumph of evil is for good men to do nothing."
-- Edmund Burke

Not sporadic, but ETERNAL vigilance!
Logged

"He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He who accepts evil without protesting against it is really cooperating with it." Martin Luther King, Jr.
Constitutionary
Member
*****
Offline Offline

Posts: 2,243


« Reply #16 on: October 04, 2011, 02:22:43 PM »

Let's not forget the schools who forgot to teach...

41 Facts About The History Of Central Banks In The United States That Our Children Are No Longer Taught In School    


The American Dream


Nov 12, 2010

Today, most American students don’t even understand what a central bank is, much less that the battle over central banks is one of the most important themes in U.S. history.  The truth is that our nation was birthed in the midst of a conflict over taxation and the control of our money.  Central banking has played a key role in nearly all of the wars that America has fought.  Presidents that resisted the central bankers were shot, while others shamefully caved in to their demands.  Our current central bank is called the Federal Reserve and it is about as “federal” as Federal Express is.  The truth is that it is a privately-owned financial institution that is designed to ensnare the U.S. government in an endlessly expanding spiral of debt from which there is no escape.  The Federal Reserve caused the Great Depression and the Federal Reserve is at the core of our current economic crisis.  None of these things is taught to students in America’s schools today.
In 2010, young Americans are taught a sanitized version of American history that doesn’t even make any sense.  As with so many things, if you want to know what really happened just follow the money.
The following are 41 facts about the history of central banks in the United States that every American should know….
#1 As a result of the Seven Years War with France, King George III of England was deeply in debt to the central bankers of England.
#2 In an attempt to raise revenue, King George tried to heavily tax the colonies in America.
#3 In 1763, Benjamin Franklin was asked by the Bank of England why the colonies were so prosperous, and this was his response….

“That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.
In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”

#4 The Currency Act of 1764 ordered the American Colonists to stop printing their own money.  Colonial script (the money the colonists were using at the time) was to be exchanged at a two-to-one ratio for “notes” from the Bank of England.
#5 Later, in his autobiography, Benjamin Franklin explained the impact that this currency change had on the colonies….

“In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”

#6 In fact, Benjamin Franklin stated unequivocally in his autobiography that the power to issue currency was the primary reason for the Revolutionary War….

“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War.”

#7 Gouverneur Morris, one of the authors of the U.S. Constitution, solemnly warned us in 1787 that we must not allow the bankers to enslave us….

“The rich will strive to establish their dominion and enslave the rest. They always did. They always will… They will have the same effect here as elsewhere, if we do not, by (the power of) government, keep them in their proper spheres.”

#8 Unfortunately, those warning us about the dangers of a central bank did not prevail.  After an aborted attempt to establish a central bank in the 1780s, the First Bank of the United States was established in 1791.  Alexander Hamilton (who had close ties to the Rothschild banking family) cut a deal under which he would support the move of the nation’s capital to Washington D.C. in exchange for southern support for the establishment of a central bank.
#9 George Washington signed the bill creating the First Bank of the United States on April 25, 1791.  It was given a 20 year charter.
#10 In the first five years of the First Bank of the United States, the U.S. government borrowed 8.2 million dollars and prices rose by 72 percent.
#11 The opponents of central banking were not pleased.  In 1798, Thomas Jefferson said the following….

“I wish it were possible to obtain a single amendment to our Constitution – taking from the federal government their power of borrowing.”

#12 In 1811, the charter of the First Bank of the United States was not renewed.
#13 One year later, the War of 1812 erupted.  The British and the Americans were at war once again.
#14 In 1814, the British captured and burned Washington D.C., but the Americans subsequently experienced key victories at New York and at New Orleans.
#15 The Treaty of Ghent, officially ending the war, was ratified by the U.S. Senate on February 16th, 1815 and was ratified by the British on February 18th, 1815.
#16 In 1816, another central bank was created.  The Second Bank of the United States was established and was given a 20 year charter.
#17 Andrew Jackson, who became president in 1828, was determined to end the power of the central bankers over the United States.
#18 In fact, in 1832, Andrew Jackson’s re-election slogan was “JACKSON and NO BANK!”
#19 On July 10th, 1832 President Jackson said the following about the danger of a central bank….

“It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners… is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? … Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence… would be more formidable and dangerous than a military power of the enemy.”

#20 In 1835, President Jackson completely paid off the U.S. national debt.  He is the only U.S. president that has ever been able to accomplish this.
#21 President Jackson vetoed the attempt to renew the charter of the Second Bank of the United States in 1836.
#22 Richard Lawrence attempted to shoot Andrew Jackson, but he survived.  It is alleged that Lawrence said that “wealthy people in Europe” had put him up to it.
#23 The Civil War was another opportunity for the central bankers of Europe to get their hooks into America.  In fact, it is claimed that Abraham Lincoln actually contacted Rothschild banking interests in Europe in an attempt to finance the war effort.  Reportedly, the Rothschilds were demanding very high interest rates and Lincoln balked at paying them.
#24 Instead, Lincoln pushed through the Legal Tender Act of 1862. Under that act, the U.S. government issued $449,338,902 of debt-free money.
#25 This debt-free money was known as “Greenbacks” because of the green ink that was used.
#26 The central bankers of Europe were not pleased.  The following quote appeared in the London Times in 1865….

“If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.”

#27 Abraham Lincoln was shot dead by John Wilkes Booth on April 14th, 1865.
#28 After the Civil War, all money in the United States was created by bankers buying U.S. government bonds in exchange for bank notes.
#29 James A. Garfield became president in 1881, and he was a staunch opponent of the banking powers.  In 1881 he said the following….

“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

#30 President Garfield was shot about two weeks later by Charles J. Guiteau on July 2nd, 1881.  He died from medical complications on September 19th, 1881.
#31 In 1906, the U.S. stock market was setting all kinds of records.  However, in March 1907 the U.S. stock market absolutely crashed.  It is alleged that elite New York bankers were responsible.
#32 In addition, in 1907 J.P. Morgan circulated rumors that a major New York bank had gone bankrupt.  This caused a massive run on the banks.  In turn, the banks started recalling all of their loans.  The panic of 1907 resulted in a congressional investigation that ended up concluding that a central bank was “necessary” so that these kinds of panics would never happen again.
#33 It took a few years, but the international bankers finally got their central bank in 1913.
#34 Congress voted on the Federal Reserve Act on December 22nd, 1913 between the hours of 1:30 AM and 4:30 AM.
#35 A significant portion of Congress was either sleeping at the time or was already at home with their families celebrating the holidays.
#36 The president that signed the law that created the Federal Reserve, Woodrow Wilson, later sounded like he very much regretted the decision when he wrote the following….

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world–no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”

#37 Between 1921 and 1929 the Federal Reserve increased the U.S. money supply by 62 percent.  This was the time known as “The Roaring 20s”.
#38 In addition, highly leveraged “margin loans” became very common during this time period.
#39 In October 1929, the New York bankers started calling in these margin loans on a massive scale.  This created the initial crash that launched the Great Depression.
#40 Rather than expand the money supply in response to this crisis, the Federal Reserve really tightened it up.
#41 In fact, it was reported the the U.S. money supply contracted by eight billion dollars between 1929 and 1933.  That was an extraordinary amount of money in those days.  Over one-third of all U.S. banks went bankrupt.  The New York bankers were able to buy up other banks and all kinds of other assets for pennies on the dollar.
But are American students being taught any of this today?
Of course not.
In fact, it is a rare student that can even adequately explain what a central bank is.
We have lost so much of what is important about our history.
And you know what they say – those who forget history are doomed to repeat it.
It is absolutely critical that we educate as many Americans as possible about what is really going on in our financial system and about why we need to make some truly fundamental changes.

http://www.prisonplanet.com/41-facts-about-the-history-of-central-banks-in-the-united-states-that-our-children-are-no-longer-taught-in-school.html
Logged
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« Reply #17 on: October 04, 2011, 05:14:26 PM »

Who is to blame for the financial crises? Ultimately we ( you and I ) are to blame.

I had absolutely nothing to do with either the repeal of the Glass-Steagall Act or the creation of the quadrillion-dollar derivatives bubble, so speak for yourself.
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
DireWolf
Member
*****
Offline Offline

Posts: 1,122


Freedom, Liberty & death to the NWO


« Reply #18 on: October 05, 2011, 01:29:28 AM »

I had absolutely nothing to do with either the repeal of the Glass-Steagall Act or the creation of the quadrillion-dollar derivatives bubble, so speak for yourself.

I had the opportunity to and did voice my objection to these situations you so correctly speak of, but how many did nothing or even knew of the dangers in the actions taken by our elected servants? This is of what I speak. Willful ignorance and apathy of that which directs and determines greatly our future is what has led us to this precarious situation we now find ourselves in.

Seeing as we live in a society where the majority rules, if the majority cares not....
Logged

Freedom and Liberty, or slavery and death, your choice, choose wisely.
Constitutionary
Member
*****
Offline Offline

Posts: 2,243


« Reply #19 on: October 05, 2011, 04:21:01 PM »

Exactly it was the Globalists at the Bilderberg meeting with the powers to issue currency.

This is how the economy was killed.
Logged
chris jones
Member
*****
Online Online

Posts: 17,692


« Reply #20 on: October 05, 2011, 06:15:46 PM »

Geo.. Hammer and nail.........You're one step away from realizing the real truth: private aristocrats don't just "rely" on oppressive governments; they create them in order to protect and expand their stolen fortunes:
   Infiltration and deception are too relevant. Aristocrats (elites) have recruited these freaks to accomlish their goal, be it blackmail, money, power, glory, protection or threats.
Logged
Opt-Out!!
Member
*
Offline Offline

Posts: 19


« Reply #21 on: October 05, 2011, 09:29:01 PM »

We the people are responsible.

A lack of personal responsibility is what will keep the world in bondage.
Logged
Freeski
Member
*****
Offline Offline

Posts: 20,732


« Reply #22 on: October 05, 2011, 10:08:54 PM »

We the people are responsible.

A lack of personal responsibility is what will keep the world in bondage.

Bingo!
Logged

"He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He who accepts evil without protesting against it is really cooperating with it." Martin Luther King, Jr.
America2
Member
*****
Offline Offline

Posts: 9,308

Romans 10:9-10 King James Version


« Reply #23 on: October 05, 2011, 10:09:46 PM »

America reaped what it sowed...
Logged
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« Reply #24 on: October 06, 2011, 08:04:36 AM »

We the people are responsible.

In other words, you'd rather blame the victims of economic terrorism instead of the terrorists themselves, because if you blamed the terrorists, that might mean having to actually do something about the economic war they're waging against us.

With "opponents" like you, the bankers don't need any allies.
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
Opt-Out!!
Member
*
Offline Offline

Posts: 19


« Reply #25 on: October 06, 2011, 09:45:07 PM »

In other words, you'd rather blame the victims of economic terrorism instead of the terrorists themselves, because if you blamed the terrorists, that might mean having to actually do something about the economic war they're waging against us.

With "opponents" like you, the bankers don't need any allies.

You assume I do nothing. I have my financial house in order including 0 debt and my home is paid off. I spread the teachings of Ron Paul, alex jones, and judge nepalatano.

The terrorists exist because we allow them to exist. We have the power to make this end but it has to start with the individual. Our worst enemy is ourselves.

Logged
Freeski
Member
*****
Offline Offline

Posts: 20,732


« Reply #26 on: October 06, 2011, 09:46:31 PM »

You assume I do nothing. I have my financial house in order including 0 debt and my home is paid off. I spread the teachings of Ron Paul, alex jones, and judge nepalatano.

The terrorists exist because we allow them to exist. We have the power to make this end but it has to start with the individual. Our worst enemy is ourselves.



Well said!
Logged

"He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He who accepts evil without protesting against it is really cooperating with it." Martin Luther King, Jr.
mattj
Member
***
Offline Offline

Posts: 246


« Reply #27 on: October 06, 2011, 10:06:36 PM »

Who is to blame for the financial crises? Ultimately we ( you and I ) are to blame.
 
It has been our apathy and greed as a society, and as individuals that allowed this to spiral out of control. Had we and the generation(s) (recent) been more concerned with what was right  than with how we could profit / gain, we would have been holding our elected servants accountable instead of trying to now rationalize our negligence in this area.

 They knew how to manipulate the human condition and did a good job of it. IT IS OUR FAILURE TO RECONIZE THIS WHICH BRINGS THE BLAME DOWN ON US. Standing up and being heard has it's costs, but saying and doing nothing is more costly than one can imagine.

This is the best post I have read on the crisis. You said it better then I ever could.
Logged
MonkeyPuppet
Member
*****
Offline Offline

Posts: 2,982


aut libertas aut mors


« Reply #28 on: October 06, 2011, 10:16:29 PM »


Our worst enemy is ourselves.


I disagree.  Our worst enemy is the collective masses being distracted by both trying to keep their head above water and being enamoured by entertainment.

Practically all of the people I know, despite my incessant pestering, claim to be "too busy" with work or other things, while on most days if I visit unannounced, they are watching stupid television or playing video games.  Yes, "too busy" to read, learn and become educated and informed, but not "too busy" to be programmed and waste their lives away with entertaining distractions.

When prodded about their apparent apathy and disregard for the more important aspects of how to utilize their intellect, they'll say all kinds of shit... that's too complicated, or nothing can be done, or I don't want to go to prison.  Seriously, the shit that comes out of some people's mouths when avoiding honor and duty to liberty is just appalling.

"We" are responsible?  Hardly.  Drooling idiots with little to no understanding of the concept of liberty, or worse a complete lack of respect for what it takes to maintain liberty, are responsible.  That sure as shit ain't me nor many others here, who evidenced by their posts here, do more research regarding history and liberty in a day than most Americans do their entire lives.

Information is power... and most Americans are carrying an empty sheath.
Logged


Income Tax: Shattering The Myths
w w w . original intent . o r g

The 1911 in .45 ACP... don't leave home without it!  Safety first!!
Opt-Out!!
Member
*
Offline Offline

Posts: 19


« Reply #29 on: October 06, 2011, 11:45:25 PM »

You make some good points. I agree that everyone on this site to some degree has realized something is wrong and are taking steps to educate themselves.
 
In a way I think you are supporting my view. You say that “Our worst enemy is the collective masses being distracted by both trying to keep their head above water and being enamored by entertainment.” This exactly my point! The only way to remove ourselves from collectivism is to focus on individualism. This can only be achieved through knowing thyself. You obviously cannot take actions to change yourself until you know what needs to be changed and why.

Don’t get me wrong, I agree that the small number of ruling families have committed horrible atrocities to mankind and I’m sure slowed our development. We need to shine a spotlight on them but we cannot continue to empower them through our lack of personal responsibility.

We, the American people and the people of the world have allowed them to maintain control of our society. We also have to power to take the world back. In the grand scheme of things we are a relatively young species and I’d like to think at some point we will rise up and come together.
Until then we need to continue to be men of action and stay inspired by the great potential we have.

Take their power away by stopping the blame game.
Logged
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« Reply #30 on: October 07, 2011, 11:28:33 AM »

To those who insist that "we the people" are to blame, does this mean Tea Party activists should be protesting the American people, and that the "Occupy the Fed" movement is therefore wrong, since it's diverting attention from (and hence providing political cover for) the real culprits?
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
MonkeyPuppet
Member
*****
Offline Offline

Posts: 2,982


aut libertas aut mors


« Reply #31 on: October 07, 2011, 12:10:57 PM »


To those who insist that "we the people" are to blame, does this mean Tea Party activists should be protesting the American people, and that the "Occupy the Fed" movement is therefore wrong, since it's diverting attention from (and hence providing political cover for) the real culprits?


Not exactly.  I don't hold "we the people" responsible necessarily.  More accurately, I think protesting those that take advantage of the willful ignorance of the populace is right on the money... 1. the FED (unquestionably), 2. political appointees that have instituted bad policy, 3. politicians that have pushed bad policy, and 4. the media whores for not doing their job in keeping the spotlight on all of the above.

Protesting is also, and arguably equally, about education and bringing attention to an issue that the masses are otherwise ignoring, or of which they are unaware and/or don't understand.  An effective use of this tactic is using it to practically scream "THERE IS A PROBLEM.  HERE'S WHAT IT IS, WHY IT IS A PROBLEM AND HERE'S WHAT WE WANT TO BE DONE ABOUT IT!"  Anything short of that is just a bunch of noisy hippies crowding the streets.
Logged


Income Tax: Shattering The Myths
w w w . original intent . o r g

The 1911 in .45 ACP... don't leave home without it!  Safety first!!
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« Reply #32 on: October 07, 2011, 12:27:33 PM »

I don't hold "we the people" responsible necessarily.

Perhaps you don't, but certain others in this forum admittedly do. The question I posed applies only to them.

Quote
More accurately, I think protesting those that take advantage of the willful ignorance of the populace is right on the money... 1. the FED (unquestionably), 2. political appointees that have instituted bad policy, 3. politicians that have pushed bad policy, and 4. the media whores for not doing their job in keeping the spotlight on all of the above.

Protesting is also, and arguably equally, about education and bringing attention to an issue that the masses are otherwise ignoring, or of which they are unaware and/or don't understand.  An effective use of this tactic is using it to practically scream "THERE IS A PROBLEM.  HERE'S WHAT IT IS, WHY IT IS A PROBLEM AND HERE'S WHAT WE WANT TO BE DONE ABOUT IT!"

Agreed, but we discredit ourselves in the eyes of most if we go around saying that Wall Street mega-banks (you know, the ones who created the quadrillion-dollar derivatives bubble and then used the resultant financial crisis to extort trillions in "bailout" money from American taxpayers?) aren't one of the "real enemies" we face.

Quote
Anything short of that is just a bunch of noisy hippies crowding the streets.

Or a bunch of right-wing reactionaries blaming the poor for the crimes of the rich and blindly insisting that the only alternative to enslaving mankind within a prison of debt is to crucify mankind upon a cross of gold.

Both extremes are to be avoided.
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
MonkeyPuppet
Member
*****
Offline Offline

Posts: 2,982


aut libertas aut mors


« Reply #33 on: October 07, 2011, 12:42:12 PM »


Agreed, but we discredit ourselves in the eyes of most if we go around saying that Wall Street mega-banks (you know, the ones who created the quadrillion-dollar derivatives bubble and then used the resultant financial crisis to extort trillions in "bailout" money from American taxpayers?) aren't one of the "real enemies" we face.


Indeed... add that to my list Wink

It was a careful slip, I think, only because it seems many are taking the position that protesting Wall Street is protesting capitalism itself (or at least the media is trying desperately to paint it that way)... an erroneous position from which I'd prefer to keep a healthy distance.
Logged


Income Tax: Shattering The Myths
w w w . original intent . o r g

The 1911 in .45 ACP... don't leave home without it!  Safety first!!
Geolibertarian
Global Moderator
Member
*****
Offline Offline

Posts: 11,899


9/11 WAS AN INSIDE JOB! www.ae911truth.org


« Reply #34 on: October 07, 2011, 01:01:26 PM »

It was a careful slip, I think, only because it seems many are taking the position that protesting Wall Street is protesting capitalism itself (or at least the media is trying desperately to paint it that way)... an erroneous position from which I'd prefer to keep a healthy distance.

That's perfectly understandable. Nevertheless, in our eagerness to create such distance, we must not make the mistake of coming to the defense of Wall Street by equating it with "capitalism," because that's exactly the reaction that the finance oligarchs pulling the strings of Michael Moore and the "controlled left" want conservatives and libertarians to have:

     "Well, if Michael Moore is opposed to Wall Street, then I better be for it."  Roll Eyes

It's amazing how even those who are aware of how the left-right paradigm is used to manipulate people fell hook, line and sinker for that trick.

The bottom line is that Wall Street and the Fed are merely two sides of the same oligarchical coin. And I'm frankly disgusted at how easily certain people who know better have allowed themselves to be lured into the false debate over which side of that coin is our "real enemy."
Logged

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.18 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!