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Analyst's note:  As Americans, we are getting an increased hidden federal tax as a result the "federal reserve." In that the current health (or lack thereof)  of our national economy is a critical element of our national defense, this may well be one of the more important articles on this website.

Absolutely must read.  At a time when banks and most businesses are paralyzed by economic uncertainty and despite a call from U.S. Rep. Michele Bachmann not to do it, the Federal Reserve (a central bank system that is neither federal, nor do they have any reserves) - a secret cartel operating in support of, but without scrutiny of our federal government - decides to further inflate the American dollar.  Whatever else results, this inflation will produce the same effect on the American tax payer as "raising taxes."  This inflation will produce a loss of buying power of our dollar as the Fed, with the support of the current administration, in effect prints approximately $900B to buy more bonds.  Will those in our federal gov't charged with the national security (includes economic security) of America be stopped in time to cease this madness and reduce the federal spending before it is too late?

This happened in Germany ... something about the Wiemar Republic and hyperinflation.  Yes, ...  it took a wheelbarrow full of money to buy a loaf of bread. 

Central banks have never been a good thing. Federal Reserve -- also currently spelled Greenspan or Ben Bernanke --  is another name for a central bank here in the U.S.  BTW, have I said, they are neither federal, nor do they have any reserves?

In addition to your final preparation in gathering together your stock of basic needs.  Higher food prices, fuel prices and .... are no doubt coming our the way.  Are you ready

May I also suggest an internal search on this site on "Jekyll" and "federal reserve" and maybe also a quick read as well of a recent article entitled "Banks' $4 trillion debts are 'Achilles heel of the economic recovery', warns IMF."

Our national debt is now being "monitized" despite promises to the contrary. 

We know that the Federal Reserve is a scam -- it is not federal and is without reserves.  The Federal Reserve is not any more federal than the company called Federal Express.  The Federal Reserve Banks are not even banks.  This cartel of bankers and politicians is a conscience and deliberate effort of evolution -- also involving the International Monetary Fund & World Bank -- into a world central bank where those involved will issue a world fiat currency.  Along the way, this will reduce competition and increase their own profitability in nations that would otherwise operate with free-enterprise competition.

Fiat money is paper money without precious-metal backing it and the people are required by law to accept it.  Just for the record, as an example I'm describing the American dollar.

Through a financial game of "buyout & bailout" eventually nations and States are no longer capable of independent actions will accept the loss of national sovereignty in return for aid from what, if not stopped, will eventually become a one-world government.  The Federal Reserve or Central Reserve System described here is buying the governments of countries and States within the United States,  and using our money to do it.  This is a form of "redistribution of wealth." In every almost every case throughout history where this game of deceit was permitted the governments fell. 

'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

Observed over time, we see the results of this Federal Reserve system and other central banking systems to be: elements of war, revolution, depression and fraud.  It is time to abolish the Federal Reserve system that conceived secretly in America at at meeting in November 1910 on Jekyll Island off of Georgia.

Click here for the balance of this video.  If you want to know more details of the Federal Reserve, then I recommend a book entitled "The Creature from Jekyll Island: A second look at the Federal Reserve" by Edward Griffin.

The world is not being saved from poverty - quite the  opposite - and the American public is not protected currently from this grand cabal.  American taxpayers are covering ever increasing values in defaulted national and international loans, so that interest payments continue to the banks.  We also have a number of states in trouble, projected to fester out in 2011, but none maybe so deeply in debt as New York, California and Michigan.

Even though the Feds are printing money out of thin air for the purpose of lending, the people are then taxed to help keep them in the dark as to the source of the "money" they see flowing.  Mr. Obama really does not have a "stash" from which he can pay the poor, unless you are willing to count the Federal Reserve. Progressive taxes are especially popular to the elitist social planners who use them to wage war against the middle class as they redistribute their wealth.

In speaking about the Federal Reserve and the tyranny of the majority Mr. Walter E. Williams has noted, "[...] The justification for its creation was to end bank failures and have stability in price levels.  However, if you do a before and after study, there were a greater number of bank failures after the Federal Reserve bank was established than before it came into being. And price stability was greater before its enactment as well. In terms of its stated mission, it's a total failure."

This secret cartel known as the federal reserve system -- an instrument of totalitarianism -- needs to be abolished.

We must immediately:

1) Cut and Freeze Spending and stop the federal addiction to spending (this includes disbanding the so-called Federal Reserve);

2) Repeal Obamacare;

3) Stop the Obama Tax Hikes;

4) Protect America; and

5) Get Control of Government.

 

Ben Bernanke

 

"Bernanke passes early media test, challenge to come ... Ben Bernanke used his second-ever news conference on Wednesday to teach the world's financial markets a lot more about the thinking at the Federal Reserve than they could glean from its usual statements. But the Fed chairman and former Princeton professor has yet to face one of the most important oral exams of his career: justifying and defending a change in the Fed's extraordinary monetary policy, when the time comes. – Reuters

Dominant Social Theme: Thank goodness the Federal Reserve is bouncing back with honesty, transparency and sincerity.

Free-Market Analysis: More than two years ago, we pointed out that the Federal Reserve was potentially finished as a credible entity. This is different than saying the Fed was finished as an EFFECTIVE entity. The Fed has accomplished much of what the power elite intended for it to do. It has, in stages, bankrupted the US middle class – as well as federal, state and local governments.

It has thus been the jewel in a studded, strangulating noose that the Anglosphere Power Elite has slipped over the neck of the body politic. The elites have tightened the noose slowly but inexorably in order to weaken this body politic in the process of imposing world government.

But the beginning of the end may be at hand. And for the Fed it may have come in early 2009 when those running this grandest of all central banks in their arrogance and disdain released the Fed's inspector general, Elizabeth Coleman, on an unsuspecting Congressional audience. After watching the video, we wrote an article that appeared on May 13, 2009, entitled, The Beginning of the End? Fed Cannot Account for $9 Trillion. Here's how it started:

We saw the interview with Elizabeth Coleman on TV and then again and again and again on youtube.com. It is entitled "Is Anyone Minding the Store at the Federal Reserve?" and it is one of the single most astonishing moments (or minutes) ever manifested or preserved in this already-amazing digital era. A century ago, when the powers-that-be pushed through the act that set up the American Federal Reserve – which basically kicked off the central banking era in America and abroad – the kind of technological ubiquity offered by the Internet would certainly have been seen as a major and alarming challenge. Well, it is.

 

[....] The key to this pusillanimous process of wealth redistribution lies with Federal Reserve. Simply examine the 20th century and its "world wars," all of which occurred AFTER the US Federal Reserve received its brief. Once the Anglosphere elites had managed to obtain the license to print money from nothing under color of law, the rest of the plan was put into action. Wars were waged to create global centralizing facilities like the League of Nations and, ultimately, the UN.

The methodology that the power elite has used is one of its dominant social themes. These are fear-based promotions that frighten Western middle classes (especially) into giving up power and wealth in exchange for globalist solutions. The Federal Reserve – the neccesity of central banking, really – has been one of the Anglosphere elite's most successful memes. It proposes that the economy is so scary and uncontrollable that only a handful of extremely "wise men" with important university degrees can manage it.

[....] You see ... people throughout the US – and throughout the West in fact – have followed the giveaways by central banks in real time. This is the part that cannot be acknowledged. The Internet has fully revealed the astounding unfairness of the current economy, where a handful of individuals have access to trillions while most others are struggling to pay off a thousand dollars on their credit card lines.

This is the fundamental injustice inherent in the current system. It is the reason that the initiators of central banking wanted secrecy. It is not a "system" so much as a hijacking. Making such a facility more transparent in the end will only add to the indignation.

Conclusion: It is a failing meme. Exposure may have finished it. It is ironic that those invested in it believe that MORE exposure will somehow make it more palatable. John Maynard Keynes said not one man in a million understood the current money system. He had it wrong. Today, not one man in a million, if asked, would approve of it. And what happens when millions wake up and rise up in unison? You get the drift, dear reader."

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