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 MUST REVERSE COURSE NOW!
THIS IS HISTORY!!
WAKE UP AND SAVE THE REPUBLIC!!!
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!
TAKE BACK YOUR STATES!