Wednesday, October 19, 2011

"They would go to the Fed if they knew what the Fed was"

Video take by some Wall Street traders who watch as protesters of Occupy Wall Street are arrested, with one person in the background of the video suggesting he wanted to shoot the protesters with a Glock pistol.

The most salient point of the video, however, comes near the end at about the 6:45 mark.

Commenting on how it has taken the protesters almost a month to find their way down to Wall Street itself, one trader says: "They would go to the Fed if they knew what the Fed was!"

And that dear reader is the issue in a nutshell. 

Whatever the cornucopia of complaints the #Occupy Wall Street individuals may have, the root of the problem is the Federal Reserve - the privately owned Central Bank who currently has the authority to control the money supply.

US President Thomas Jefferson saw this when he said:
  • "The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered."
He also said:
  • "A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army... We must not let our rulers load us with perpetual debt."

President Andrew Jackson also saw this. When he disbanded the US Central Bank (created after the time of Thomas Jefferson and called, at the time, the 2nd Bank of the United States).

When it came time to renew the bank’s charter in 1832, President Jackson put his re-election bid on the line and, after winning the election, vetoed Congress’ attempt to renew that Charter. When he vetoed the Charter renewal he said:
  • "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? Is there not cause to tremble for the purity of our elections in peace and for the independence of our country in war? Controlling our currency, receiving our public monies, and holding thousands of our citizens in dependence, it would be more formidable and dangerous than a naval and military power of the enemy."
Most people do not understand the Federal Reserve Bank.

It is necessary to understand that the Federal Reserve is not owned by the United States government as many believe.

The central bank, the Federal Reserve Bank, is a private bank, owned by some of the richest and most powerful people in the world. This bank has nothing to do with the U.S. government other than the connection that allows it to print US currency.

The Federal Reserve Bank has a total, government-enforced monopoly in money.

This is the root of all the problems which the protestors at #Occupy Wall Street, and all those in sympathy with them, wish to address.

And to address those problems, efforts must be focused on the root of the problem: Central Banks and the US Federal Reserve.

That's why Ralph Nader recently said on CNN:
  • “The Federal Reserve is now a government within a government. It is totally out of control. Congress doesn't control it. It's funded by the banks and we either have constitutional government or we don't."

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  1. Is the gold standard coming back?

  2. What's been going on with silver lately?