by Paul Adams, J.D.

Contributor

May 2012
from ActivistPost Website
 

 

 

 

 

Part 1

May 14, 2012

 

 

 


As Coolio said, we spend our lives living in a gangsta’s paradise.

 

What he failed to mention is that throughout history the most sinister and dangerous gangsters are banksters. There is no shortage of historical quotes to prove this point.

Gerald Celente points out that the only time the Prince of Peace became violent is when he cleansed the temple of the money changers.

… Jesus went up to Jerusalem. In the temple he found those who were selling oxen and sheep and pigeons, and the money-changers sitting there. And making a whip of cords, he drove them all out of the temple, with the sheep and oxen. And he poured out the coins of the money-changers and overturned their tables.

Today, the money changers have conquered the world through numerous frauds including debt-based currencies issued by their privately owned central banks, fractional reserve lending, fiat currencies and political think-tanks such as the,

...which control all major political parties.

To free the world of debt slavery and a totalitarian world government run by banksters, it is necessary to understand these frauds. Let us start with the private banking cartel known as the Federal Reserve, which issues and controls the value of the world’s first reserve paper currency, the U.S. dollar.
 

 

 


The Private Federal Reserve

It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.

- Henry Ford

The world financial system seems complex but it is actually very simple: a cabal of banksters has conquered the world by lending people and governments money that does not exist and charging interest on it.

The Creature from Jekyll Island documents the following individuals drafted the Federal Reserve legislation in secret at Jekyll Island in 1910 (page 5 of the fourth edition):

  • Paul Warburg, a partner of international investing giant Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty in Europe, brother to Max Warburg who was head of the Warburg banking consortium in Germany.

  • Senator Nelson Aldrich: business associate of J.P. Morgan and father-in-law to John D. Rockefeller, Jr.

  • Frank Vanderlip: president of National City Bank of New York, one of the most powerful banks at the time, representing William Rockefeller and Kuhn, Loeb & Company.

  • Henry Davidson: senior partner of J.P. Morgan.

  • Charles Norton: president of J.P. Morgan’s First National Bank of New York.

  • Abraham Andrew, Assistant Secretary of the U.S. Treasury.

  • Benjamin Strong, head of J.P. Morgan’s Bankers Trust Company.

Bankster stooge Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913.

 

On that day, the U.S. government officially transferred its power to create money and regulate the value thereof to the world’s wealthiest private banksters. Furthermore, the U.S. government would now borrow money from private banks, enslaving its citizens with the national debt, rather than creating its own money interest free.

Former Federal Reserve Chairman Alan Greenspan publicly brags that the private banking cartel is above the law and creates unlimited money out of nothing to loan its insolvent borrower, the U.S. government.

David Lang, a Federal Reserve employee, admits that the Federal Reserve is a private corporation that pays dividends to its undisclosed shareholders. The head of security at the San Antonio Federal Reserve also admits the institution is private.

The private Federal Reserve’s website says that the Fed:

… is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.

The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations - possibly leading to some confusion about "ownership."

 

For example, the Reserve Banks issue shares of stock to member banks.

 

However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Despite its pathetic propaganda encouraging us to practice doublethink, the Federal Reserve freely admits that it is privately owned, is a monopoly empowered by Congress, now operates above Congress and the president, and pays its private undisclosed shareholder dividends.

So who receives dividends from owning shares of the private Federal Reserve?

 

Charts created by the House Banking Committee Staff Report of August, 1976 reveal the following people and companies own shares in the Federal Reserve:

...and many others.
 

 

 


Looting America

A more recent study found that,

  • Bank of America

  • JP Morgan Chase

  • Citigroup

  • Wells Fargo

  • HSBC,

...now have the power of the Federal Reserve at their fingertips.

That makes sense because after years of making bad loans with artificially low interest rates and foreclosing on millions of American homes, the Fed bailed out the following banks with at least $16.9 trillion according to page 131 of the first GAO audit:

  • Citigroup: $2.5 trillion ($2,500,000,000,000)

  • Morgan Stanley: $2.04 trillion ($2,040,000,000,000)

  • Merrill Lynch: $1.949 trillion ($1,949,000,000,000)

  • Bank of America: $1.344 trillion ($1,344,000,000,000)

  • Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)

  • Bear Sterns: $853 billion ($853,000,000,000)

  • Goldman Sachs: $814 billion ($814,000,000,000)

  • Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)

  • JP Morgan Chase: $391 billion ($391,000,000,000)

  • Deutsche Bank (Germany): $354 billion ($354,000,000,000)

  • UBS (Switzerland): $287 billion ($287,000,000,000)

  • Credit Suisse (Switzerland): $262 billion ($262,000,000,000)

  • Lehman Brothers: $183 billion ($183,000,000,000)

  • Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)

  • BNP Paribas (France): $175 billion ($175,000,000,000),

...and many more including banks in Belgium of all places

However, other economists estimate the bankster theft and financial raping of dollar holders since 2008 is $29 trillion.

That’s right, largest banks, many of which appear to own shares in the private Federal Reserve, bailed themselves out in excess of the U.S. 2010 GDP ($14.59 Trillion - value of all goods and services produced in the U.S. for the year). Yes, even the fictional national debt of $15.7 trillion dollars could have been paid-off for less than the bankster stole.

Why didn’t the Federal Reserve offer you a bailout?
 

 

 


Dollar Doomsday

The collapse of the dollar, a fiat currency, is guaranteed as there is always more debt and interest owed on the debt than there is money in circulation.

 

It is important to understand that the real national debt, which increases every year, is not just a measly $15.7 trillion. When you factor in unfounded liabilities like Social Security and Medicare, the actual debt is $127 trillion - $211 trillion.

There is no question that the dollar’s doomsday will arrive, the question is when.








 


 Part 2

May 15, 2012

 

 


 

 

In part one of this research, we documented that fact that banksters have conquered the world by obtaining a monopoly on creating money from nothing and loaning it at interest.
 

 

 


The IRS and Federal Reserve

Like the Federal Reserve, the IRS was created in 1913. The purpose of the IRS is to enslave citizens by stealing the value of their labor through collecting income taxes.

Tax Freedom Day 2012 arrives on April 17 this year, four days later than last year due to higher federal income and corporate tax collections. That means Americans will work 107 days into the year, from January 1 to April 17, to earn enough money to pay this year’s combined 29.2% federal, state, and local tax bill.

(Source)

That shows, on average, that the IRS and other tax collectors steal 3.5 months of each Americans’ labor time each year, or one-third of earned income.

 

Of course, many Americans pay much higher tax rates, with a top individual Federal tax bracket of 35%.

The private Federal Reserve is one of largest holders of U.S. government debt, owning approximately $1.65 trillion in U.S. Treasury securities. Much of the collected federal income taxes go towards paying interest on the national debt to the Fed for money that it created out of nothing and loaned to the government at interest.

 

This unfortunate reality has been verified by G. Edward Griffin, Joe Plummer, IRS whistleblower, Joe Banister, and many others.
 

 

 


Fractional Reserve Banking

The rich rule over the poor, and the borrower is servant to the lender.

(Source)

Your local bank also profits from the banking fraud known as fractional reserve lending.

 

While the bankers may wear suits and appear respectable, they are actually looking to use your deposit to make themselves ten times wealthier or enslave you in debt that they create out of nothing should you be a borrower.

 

It works like this:

I set up a Rothbard Bank, and invest $1,000 of cash.

 

Then I 'lend out' $10,000 to someone, either for consumer spending or to invest in his business. How can I 'lend out' far more than I have? Ahh, that's the magic of the 'fraction' in the fractional reserve. I simply open up a checking account of $10,000 which I am happy to lend to Mr. Jones.

 

Why does Jones borrow from me? Well, for one thing, I can charge a lower rate of interest than savers would.

 

I don't have to save up the money myself, but simply can counterfeit it out of thin air. Since demand deposits at the Rothbard Bank function as equivalent to cash, the nation's money supply has just, by magic, increased by $10,000. The inflationary, counterfeiting process is under way.

In short, the money you borrow from a bank is created out of nothing.

 

On the other hand, you must actually produce real goods and services to earn money to pay back the bank plus interest. Of course, the largest banks, which most likely own shares of the Fed as discussed in Part 1, make the most money from this magical fraud.

When banksters create money faster than the economy grows, the purchasing power of the dollar declines which is known as inflation. There is no question that each year Americans work harder for less money (reduced purchasing power) thanks to the private Fed’s criminal inflationary policies.
 

 

 


Home Mortgage Slavery

The great jurist Sir Edward Coke, who lived from 1552 to 1634, has explained why the term mortgage comes from the Old French words mort, 'dead,' and gage, 'pledge.' It seemed to him that it had to do with the doubtfulness of whether or not the mortgagor will pay the debt.

(Source)

A thirty-year-debt-slave is someone that has a home mortgage (excluding cash-flowing investment property).

  • First, the debtor is borrowing money that was created out of nothing through fractional reserve lending.
     

  • Second, after years of making payments, the debtor may become injured or unemployed. The bank will then foreclose and sell the house. The bank will keep the proceeds of the sale and all the principal and interest that the debtor paid prior to going into default.

    Given the fact that home prices are back to 2001 levels thanks to the credit bubble created by the private Federal Reserve and large banks, many people have little or negative home equity.
     

  • Third, the cost of the house is almost double the sale price when thirty years of interest payments are included.

    For example, if a debtor buys a $250,000 house and puts down 20 percent ($50,000), the debtor will borrow $200,000 from the banksters. The interest on a $200,000 loan at 5% over thirty years is $189,511.57 (which is interest paid on a loan created out of nothing).

     

    Therefore, the total cost of the $250,000 home is actually $439,511.57 (not including property taxes and insurance). Go ahead, run the numbers yourself.

One must determine if it is better to be a mortgage debt slave or a rent debt slave.
 

 

 


Banksters Starving/Robbing Billions of People Worldwide

Almost half the world, three billion people, live on less than $2.50 per day and 80 percent of humanity lives on less than $10 per day.

 

According to UNICEF, 22,000 children die each day due to poverty. That is, people are dying because a bank did not create enough digits on a computer screen (money) for them to buy food. This is no accident; it is the banksters’ move to depopulate the planet.

John Perkins wrote Confessions of An Economic Hit Man. During the 1970s he worked as an economic planner for an international consulting firm. In his book he describes how the globalists force the economic hegemony of the banksters, the IMF and World Bank on victim nations in the Third World.

Perkins’ job was to negotiate huge loans to third-world nations, loans that the banksters created out of nothing and which they knew the borrower nation could not repay. Once the borrower defaulted, the banksters would move in to steal the nation’s natural resources and gain control of its political system and economy.

Several third-world leaders had integrity and refused to enslave their nations to the money changers.

 

They also refused the cash, luxury, cocaine and hookers Perkins offered them on behalf of the banksters Perkins says that leaders who would not play ball would eventually be overthrown in a CIA sponsored coup or assassinated.

In the United States, the current economic depression caused by the Federal Reserve has resulted in 44 million once independent Americans relying on the government for food assistance. Many food assistance recipients hold college and post-graduate degrees.

Additionally, up to 1 million U.S. families are too broke to go bankrupt, that is they don’t have the money to cover legal fees.
 

 

 


Funding Wars

The banksters also support wars (often arming and funding both sides) by creating money out of nothing.

Since the beginning of the Iraq War in 2003, the New York Federal Reserve shipped tens of billions of dollars to the government and central bank of Iraq, allegedly for reconstruction.

 

Between 2003 and 2008, over $40 billion in cash was secretly shipped in trucks from the New York Federal Reserve compound in East Rutherford, New Jersey to Andrews Air Force Base outside of Washington, where they were then flown by military aircraft to Baghdad International Airport. In just the first two years, the shipments of dollar bills weighed a total of 363 tons.

But much of that money was stolen, misappropriated, and simply lost. Despite Congressional hearings and reports, nobody is saying exactly what happened to the bulk of the money.

 

Most likely, the stolen fiat dollars, secretly printed out of thin air to fund the US government’s illegal war and senseless slaughter of Iraqis, went towards intricate contracting schemes and corrupt Iraqi and American officials.
 

 

 


Global Government Run by Banks

The endgame for the banksters is,

“nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”

Once the system is perfected the human population will be culled.

The first president (appointed) of the European Union, Belgian Prime Minister Herman Van Rompuy stated that 2009 was the first year of global governance with the establishment of the G20 in the middle of the financial crisis.

 

Therefore, the banksters already have their planetary regime established and the lives of 90% of the population are threatened.
 

 

 


Solutions

Clearly banksters are the ultimate sewers of iniquity, reaping where they have not sewn.

 

To defeat them and their plans to cull the population, the private Federal Reserve must be abolished when its 100-year charter expires in 2013. Fractional reserve lending must also be abolished.

We must educate others as to the issues in this article and the nature of the real government. No one would invest in Enron or trust MF Global today because their crimes are pubic knowledge. Likewise, the banksters will not be able to continue their crimes when they become common knowledge.

Boycotting the largest banks is a necessity as is refusing to own shares of their stock.

David Icke’s excellent lecture on the corrupt money and banking system is worth sharing with others.