Arron Russo! Great flick. Too bad he passed away from cancer last year. His last great achievement was to expose the FED.
Bernake is not a Federal Employee btw. He works for the private bank known as the Federal Reserve which was created by the Federal Reserve Act of 1913. This Act was passed by Congress on December 23, 1913, at 11 PM at night. (now ask yourself..."self, who is in Congress on December 23, at 11 pm??"...only a handful of lawmakers....)
Woodrow Wilson signed the bill and later regretted it, saying 'he sold his nation down the river'.
If you read "The Creature From Jekyll Island", by G. Edward Griffin, available used on Amazon, you'll learn all you need to know about the nonFederal Reserve. It's no more 'Federal' than FedEX!
Basically, they have the 'power' to create 'money' out of thin air and loan it to the government...with INTEREST. The funny part, and this is a knee slapper, is they loan the principle amount, but NEVER PRINT THE INTEREST! A quick calculation will impress upon you the fact that there is never enough money in the system to repay all the loan back! Can you say "Sweet Deal!" Ya sure...I knew you could....
The FED always loans Notes for Collateral, i.e., they print out pieces of paper for REAL stuff in exchange. If you have a 'Note', you have nothing but a promise to pay. If you have 'Certified Funds' that means the money is in the bank. That's why when you buy a house, you bring Certified Funds to the closing table.
If you follow the history of US paper money, it used to say "Gold (or Silver) Certificate Payable To the Bearer on Demand $20 gold". Since 1913, they have slowly changed the wording to Federal Reserve Note with 'legal tender' verbiage to make it 'appear' as wealth, when in reality it is nothing but debt.
All these terms, Certified, Payable To, Note, etc. are legal words that have huge meaning in law. 'Ignorance of the law IS NO excuse.' works both ways.
Know the law, or No Law.
How smart were the Founding Fathers? Very. Probably the reason they wrote Article I, Section 10 of the Constitution: "No State Shall Make Any Thing But Silver and Gold Coin A Payment In Tender Of Debt." Stick that in your pipe and inflate it!
Yes, you could say I've been reading up on this for the last 10 years....
Yes Ron, seems like you have watched Zeitgeist as well. At least that's what I'm assuming by that last comment. You would love Aaron Russo's stuff Joe, especially since you are a former IRA employee.
2 comments:
Arron Russo! Great flick. Too bad he passed away from cancer last year. His last great achievement was to expose the FED.
Bernake is not a Federal Employee btw. He works for the private bank known as the Federal Reserve which was created by the Federal Reserve Act of 1913. This Act was passed by Congress on December 23, 1913, at 11 PM at night. (now ask yourself..."self, who is in Congress on December 23, at 11 pm??"...only a handful of lawmakers....)
Woodrow Wilson signed the bill and later regretted it, saying 'he sold his nation down the river'.
If you read "The Creature From Jekyll Island", by G. Edward Griffin, available used on Amazon, you'll learn all you need to know about the nonFederal Reserve. It's no more 'Federal' than FedEX!
Basically, they have the 'power' to create 'money' out of thin air and loan it to the government...with INTEREST. The funny part, and this is a knee slapper, is they loan the principle amount, but NEVER PRINT THE INTEREST! A quick calculation will impress upon you the fact that there is never enough money in the system to repay all the loan back! Can you say "Sweet Deal!" Ya sure...I knew you could....
The FED always loans Notes for Collateral, i.e., they print out pieces of paper for REAL stuff in exchange. If you have a 'Note', you have nothing but a promise to pay. If you have 'Certified Funds' that means the money is in the bank. That's why when you buy a house, you bring Certified Funds to the closing table.
If you follow the history of US paper money, it used to say "Gold (or Silver) Certificate Payable To the Bearer on Demand $20 gold". Since 1913, they have slowly changed the wording to Federal Reserve Note with 'legal tender' verbiage to make it 'appear' as wealth, when in reality it is nothing but debt.
All these terms, Certified, Payable To, Note, etc. are legal words that have huge meaning in law. 'Ignorance of the law IS NO excuse.' works both ways.
Know the law, or No Law.
How smart were the Founding Fathers? Very. Probably the reason they wrote Article I, Section 10 of the Constitution: "No State Shall Make Any Thing But Silver and Gold Coin A Payment In Tender Of Debt." Stick that in your pipe and inflate it!
Yes, you could say I've been reading up on this for the last 10 years....
Yes Ron, seems like you have watched Zeitgeist as well. At least that's what I'm assuming by that last comment. You would love Aaron Russo's stuff Joe, especially since you are a former IRA employee.
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