Posted by: Nick Poma | November 9, 2007

How the Bankers Stole America

The Dollar Backed by Gold            Very few Americans are actually aware of how the U.S economy works. Many people have their own pre-conceived notions as to how things are done based upon nothing more than their own beliefs of how it should work. Still others are content to accept whatever the Federal Government tells them. Then there are those individuals which truly do not care and do not even give it a second thought, just so long as their ATM card works at the local Wal-Mart. Nevertheless, the economy affects every person here in the United States, whether they are aware of it or not.

            However, unknown to the American people, their economy is actually controlled by a group of privately owned banks. This is not always how the county’s economy was run, but through deception, pay-offs and bribery, these banks managed to capture the economy of America and it is reaching a very disastrous conclusion.

            For the most part, the American public believes that the Federal government receives money via the taxes collected from the citizens. This money in turn is what pays for all of the services and programs needed to keep the United States functioning and to allow the government to fund a military force for the common defense. However, this is not the case at all, and instead, not one penny paid to the government by the people actually pays for any services or programs.

            The money collected from the citizens goes directly to the privately owned Federal Reserve. This is the way that the Federal Reserve actually works. The Federal Reserve loans money to, and buys the debts of the United States government. However, the banks do not really have the money so when they need it, they just print more. The money that they print is not worth anything because there is nothing backing it. In the past the United States Dollar was backed by a “Gold Standard” and that was what determined the value of the currency. The trouble is that when the Federal Reserve prints too much money, the market becomes saturated and the value of the Dollar decreases, which is what we are experiencing now.

            Whenever a person hears the term, “Federal Reserve,” they assume that it is a government agency which controls the finances of the government. Not so fast, the Federal Reserve is actually owned by private banking interest. In 1913 President Woodrow Wilson signed into law the “Federal Reserve Act.” Now, the law was supposed to setup an independent financial entity that would govern the U.S. economy to ensure that it would remain stable.

            However, the plan of the Federal Reserve was drafted by a few elite bankers on a deserted island in the south, known as “Jekyll Island.” There is a book which covers the events surrounding this underhanded hijacking of the American economy. The book is titled, “The Creature from Jekyll Island” and not only covers the conspiracy of the plan to grab control of the United States economy, but also explains in great detail the events and the people involved. The book also goes into great detail as to what the opinion of the American people were at the time and those few good men that fought against the establishment of the Federal Reserve.

            One issue that should truly outrage Americans is the fact that while the Federal Reserve is run by private banks, when a citizen does not, or is unable to pay their taxes, it is the banks that send in the I.R.S. (Internal Revenue Service) to take all that they posses and leave those people destitute or in prison. The I.R.S. itself is a government agency but it acts as a military style collection agency on the behalf of the private bankers.

            However, when the Federal Reserve was created, the “Gold Standard” was dropped and money was simply manufactured from thin air and had no value, except the perceived value that the people were led to believe it had. Now, the taxes paid by the citizens is really going to these private banks to pay off the loans, with interest, that the banks have lent with money they printed out of thin air. It is pretty good work to print on some paper and loan it to people to collect interest on, if you can get it. Right about now, you might be asking yourself, “Well, if the money is worthless, then why do the banks want it back with interest?” A fair question and the answer is quite simple really. The U.S. government uses the resources of the United States as collateral, and in many instances will sell them out right.

            When I say resources, I am talking about all of the natural resources that this country has including land and minerals. There is a wide array of resources available in the United States and these resources are the actual wealth of the country, but they belong to the citizens of this Nation and never should have been sold to private interest. The biggest problem that the United States faces is that when the country goes into a deficit, there is absolutely nothing to keep these banks or the other countries that loan to us from calling in the debt. If that were to happen, everything that the United States has falls into the hands of a few elitist and the country itself will fall into third-world status.

            I know many of you are thinking that it would never happen. However, where there is a possibility, there are men that will be determined to make it happen, especially if they can profit from it. I think just about everybody knows that money can corrupt any man, but we also have entire families that have been tied to world finances for many generations, and it is these families that manipulate the wealth and prosperity of many nations and more times than not, it is to those Nation’s detriment.    

Sources

Book – The Creature from Jekyll Island – A Second Look at the Federal Reserve

Author (G. Edward Griffin)

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: