Quantitative Easing; The New Old Solution to Economic Woes

As predicted here, and almost everywhere else the economy is for all intents and purposes exactly where it was in 2008. In case you’ve been living under a rock we are talking collapse. Collapse like the world hasn’t seen since Rome. What do our all  knowing leaders plan to do about it?  They’re going to do more of the same. Our favorite crooks over at the fed just announced another round of “Quantitative Easing” or monetizing the debt.

The way the bailout worked (quantitative easing one(QE1)) was that the Federal Reserve issued a whole bunch of credit to banks for basically nothing. Those same banks (which also coincidently own the private federal reserve stock) then purchased Government debt. The problem is that these banks can only be persuaded to buy so many treasury bonds. They claim that the money will be lent to us. This is a hoax since the banks mostly sit on it because there arent any good credit risks right now who are actually looking for debt.

What will the fed do next? They will buy the government debt directly. Wow! Now the very same private organization that is creating money out of nothing will be lending money to the government directly and we are paying interest on it. The Fed already owns more than 5Trillion dollars in treasury bonds.

China is becoming unnerved because the Trillions they lent us used to be worth a lot more 20 years ago. If  they bring us to war with China it will be a set-up. Killing commies is appealing, at first thought. However, we watched Clinton and the rest of them sell us out to China and move our manufacturing base into the 3rd world. The American worker is competing with labor that is just a hair away from slavery.

War with china? No way. They wont go that route. All this hype about China is “predictive programing”. The idea will be to fully bankrupt and manage America into a steady decline. They wont hide the fact that China is becoming the new dominate super power. Economically, Militarily, Politically. The media will report it all with a smile. When China is done divesting itself from the Dollar they will complete the collapse. All the wealth is moving into the 3rd world because they can literally buy everything. The Elite global corporations will cozy up to China.

One day our leaders will turn to us and claim our system failed. They will point to their predecessors as they already do and we will become the new 3rd world. This new era will be a dark and smoldering age as the entire globe falls into the clutches of a corporate fascist state.

We will be hated the world over for allowing our government to bribe and intimidate the heads of central banks in an attempt to maintain the Dollars status as the global reserve currency. Laughed at for having squandered our status, wasted our treasure, betrayed our values.

How did the Federal Reserve bank get the power to create our currency? In 1913 congress passed the federal reserve act giving them the power to issue credit and control interest rates. Why would we pay a private bank to do what our government previously did itself?

In 1914 we got the federal income tax. Our labor pledged as collateral on the government debt. Each day the government adds to that debt and every month it pays interest on it. Last month it was a record high 20Billion in interest on federal deficits. Twenty Billion Dollars in interest in only ONE MONTH! That’s $20,000,000,000/month and they demand we borrow more.

“I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” – Thomas Jefferson.

“The money power preys upon the nation in times of peace & conspires against it in times of war. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who even question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me & the financial institutions at the rear, the latter is my greatest foe.
– President Abraham Lincoln

“This is the Aldrich bill in disguise…The worst legislative crime of the ages is perpetrated by this banking bill…The banks have been granted the special privilege of distributing the money, and they charge as much as they wish…This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private…There should be no legal tender other than that issued by the government…The People are the Government. Therefore the Government should, as the Constitution provides, regulate the value of money.”
-Rep. Charles Lindbergh Sr.(Congressional Record, 1913-12-22)

“The banks manufacture, without borrowing it, the monetary credit which they loan to the Government. For every dollar they themselves contribute to the loaning process, they manufacture 10 credit dollars, and call them their own, although they base the credit dollars on human sweat and labor and productive genus that is not their own.”
-Allen B. Brown, chairman of the New Economic Group. (1936)




We don’t need to pay interest. We can rescind the federal reserve act and issue credit and currency ourselves. Obviously that doesn’t fix the problem of inflation, but at least we would no longer be slaves to a corporate cartel.

The system is collapsing! END THE FED!

RON PAUL 2012!



One Response to “Quantitative Easing; The New Old Solution to Economic Woes”

  1. Larry Engel Says:

     An Amendment to the US Constitution
    By Larry Engel larryengel9@ireland.com

    What it does.
    The intention of this amendment is to put into the hands of the
    legislatures of the fifty States of the Union, the overall power to
    control the monetary policy of the nation. The current money in
    circulation called the Federal Reserve Note, is a bank note of a
    privately owned, central banking, monopoly controlled by a
    European, Royal House, blood line, central banking cartel.

    1) The amendment alters the Federal Reserve and brings its powers
    closer to the people of the nation.
    2) It greatly increases the powers of the state legislatures.
    3) It ends the “National Debt” by making Abraham Lincoln
    “Greenbacks” Treasury Notes Constitutional.

    It is not the purpose of this amendment to prohibit the circulation of
    gold and silver coins as money as is required in the Constitution. But
    to add, the circulation of debt free, Treasury Notes (Lincoln
    Greenbacks) to the mix. The commodities gold and silver, are today
    stock piled and controlled by foreign banks, governments and other
    interests. Therefore, to simply do away with the Federal Reserve
    System as it exists today and revert to the use of gold and silver
    would put the nation into the hands of bane foreign powers.

    The committee proposed by this amendment is not a legislative
    body. It does not make laws, nor does it spend any money. All
    spending bills will continue to originate in the US House of

    Under the proposed amendment it would not be necessary to
    constantly alter the volume of money in circulation. Once the
    optimum volume is reached commerce and trade will vigorously
    follow. This is because there is no national debt or interest on this
    form of money to produce a rise. People would be able to save
    money again and it will not be devalued by foreign bank owners
    inflating the system to cause harm. Packages in the super markets
    would retain the same size and weight, instead of the same size to
    the eye and less weight in small print. Gasoline and other
    commodity prices would stabilize. This would influence the morality
    of how much business is conducted. It would no longer be
    necessary to deceive the customer in order for business to keep pace
    with a corrupt foreign controlled monetary system. It will end
    certain dangerous monopolies produced by the private banking
    system and restore competition.

    This amendment to the US Constitution would greatly increases the
    power of the state legislatures. They would influence the monetary
    system of the nation. For an amendment to become Law it requires
    two steps. 1) It requires 34 (2/3) of the states to propose an
    amendment. 2) It requires 38 (3/4) of the states to ratify an
    amendment. Then it becomes the Law of the Land. The States
    (colonies) created the Constitution and provided a means by which
    the States could amend it. When 34 states (two-thirds) petition the
    US Congress, the Congress shall propose an amendment. This is
    called a “convention of the states.” The states have never exercised
    this power to its final end, but when numerous states together have
    “proposed” a single amendment, the laws of the nation have
    profoundly changed. This state by a vote of the legislature needs to
    exercised its power to petition the US Congress to propose this
    amendment to the US Constitution. It is proper for this state
    legislature to (1) propose this amendment, because all but one of
    the current amendments to the US Constitution were (2) ratified by
    the state legislatures. In this day of easy communication it seems
    unnecessary for all 50 states to convene together at a single physical
    location to propose a single amendment. This amendment specifies
    the ratification bill must be passed by the state legislatures. (not by
    state conventions)

    The Constitution, then, spells out four paths for an amendment:
    Proposal by convention of states, ratification by state conventions
    (never used)
    Proposal by convention of states, ratification by state legislatures
    (never used)
    Proposal by Congress, ratification by state conventions (used
    Proposal by Congress, ratification by state legislatures (used all
    other times)

    Amendment to the Constitution of the United States of America.
    There shall be formed an Open Market Committee, comprised of two
    representatives chosen by each legislature, of the States of the
    Union, who will serve a term of two years. The Committee will
    determine the volume of money, US Treasury Notes, in circulation, in
    said states and all federal enclaves. The Notes shall be the direct
    obligation of the government of the United States of America. The
    Committee will appoint, by vote, a seven member Board of
    Governors and Chairman to serve a term of two years, who will
    monitor the Committee, report to the public and audit the actions of
    12 government, Federal Reserve Banks, their branches and other
    facilities as well as all member commercial banks, which includes all
    national banks and state-chartered banks that have voluntarily joined
    the System. No other authority shall implement the national
    monetary policy, nor issue bank notes to circulate as money. A
    penalty of death shall be brought against all persons who take
    actions that cause an economic panic within any State of Union or
    federal enclave. The bill to ratify this amendment must be passed by
    the state legislatures.

    Why this amendment is needed.

    In the Congressional Record of May 23, 1933, is the following:
    “When the Federal Reserve Act was passed, the people did not
    perceive that a world banking system was being set up here. A
    super-state controlled by international bankers and international
    industrialist acting together to enslave the world for its own pleasure.
    Every effort has been made by the Federal Reserve to conceal its
    powers but the truth is the Federal Reserve Fund has usurped the
    Government. It controls everything here and it controls all our
    Foreign Relations. It makes and it breaks governments at will.”

    Charles A. Lindbergh, Republican Congressman said about the
    Federal Reserve Board, “That Board administers the finance system
    by authority of a purely profiteering group. The system is private,
    conducted for the sole purpose of obtaining the greatest possible
    profits from the use of other people’s money.” “The Act establishes
    the most gigantic trust on Earth . . . the new law will create inflation
    whenever the trust wants inflation . . . from now on depression will
    be artificially created.

    The Federal Reserve was created in 1913. It produced the stock
    market crash of 1929 and according to the 1978 Encyclopedia
    Britannica the Fed reduced the volume of money in circulation by
    one-third producing the Great Depression, where millions of
    Americans suffered. It has an infamous history of creating one major
    national disaster after another.

    Ten days before he was shot in Dallas, it has been reported that
    President Kennedy said in a speech at Columbia University: “The
    high office of the president has been used to foment a plot to
    destroy American’s freedom, and before I leave office I must inform
    the citizen of this plight.” http://youtu.be/YafZkjiMpjU youtube.com

    In Woodrow Wilson’s book The New Freedom, he states the truth: “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 … We
    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 duress of a small group of dominant men” [28th US
    President, The New Freedom; 1913]. Acting as president, Wilson
    signed the Federal Reserve Act into Law.

    Senator Barry Goldwater, Republican recorded, “Most Americans
    have no real understanding of the operation of the international
    money lenders. The accounts of the Federal Reserve System have
    never been audited. It operates outside the control of Congress and
    manipulates the credit of the United States.”

    President James A. Garfield, with expert knowledge of the monetary
    system, was shot and killed shortly after he said, “Whoever controls
    the volume of money in any country is absolute master of all
    commerce and industry.”

    The following banks own and control the current Federal Reserve
    Banking System. Rothschild of London and Berlin, Lazard Brothers of
    Paris, Israel Moses Seif of Italy, Warburg of Hamburg and
    Amsterdam, Lehman Brothers of New York, Kuhn Loeb of NY, Chase
    Manhattan of New York, Goldman Sachs of NY. The individual
    owners of these banks are in most part secret. However, by tracing
    the history of banking, beginning with the Fondo Bank in Italy in 700
    A.D. ; the history of the British and Dutch East India Companies, the
    Lombard Banks of Europe and today’s Bilderbergers-Black Nobility
    we can get a reliable picture of the source of this power. There is too
    much money in too few hands. This is a danger to the world.

    Historical research reveals a ruthless cabal and their agents, that are
    beyond the law and untouchable. There are presidents of the United
    States who have instituted government policies that opposed the
    agenda of this cartel. Four where killed by bullet, Lincoln, Garfield,
    McKinley and Kennedy, to send a message to all who oppose their
    powerful and sinister agenda. Four others were likely poisoned. Four
    other attempts failed to kill, but had a negative effect on the nation.
    Jackson, Cleveland, Teddy Roosevelt and Reagan. Congress itself
    has not been able to deal effectively with this form of warfare
    against the USA.

    It appears that individual congress person’s lives and the lives of
    their family members are also at risk. And many of these intelligent
    people do not fully comprehend the monetary system. Therefore, the
    wide distribution of power and control of wealth of the monetary
    system should be made among the state legislatures. An assassins
    bullet or other forms of corruption used against any one individual
    president or congressman, could no longer effect the policy of
    controlling the volume of money in circulation of the nation. Further,
    the cabal, historically controls the Bar, therefore, legal remedy may
    be fiction. They are the untouchables.

    Since 700 A.D. the currency manipulators have perfected this form of
    warfare. Everyone is chasing the all-mighty dollar. Major cities are
    manipulated into bankruptcy, even states and whole counties like
    Greece, Ireland and Spain. A “Receiver” is appointed by the court.
    He is like a king. Elected officials loose all power. Democracy is
    dead. Slavery follows. No one living there owns anything any longer.
    Large populations can be removed from their homes, leaving behind
    even the beer in their refrigerator. Abraham Lincoln understood this
    and defeated them, refusing their loans and issuing debt free
    currency, thereby saving the Union. My amendment or a similar
    solution is the only defense.

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