Thursday, November 29, 2007

Why the Federal Reserve Threatens Your Financial Future

Why the Federal Reserve Threatens Your Financial Future; By Jonathan Bartlett; Adventures of a Turtle Mt. Hillbilly; 23 November 2007.

Your financial future literally holds in the balance—the next few years may bring about a financial collapse that will make the 1929 crash look like a cakewalk, or, Lord willing, maybe the American people will wake up in time and take action. However, if the current course is not given a drastic 180 degree turn within a vitally short period of time, everything is set for hyperinflation and the collapse of the American economy.

This is all because Congress abdicated its Constitutional authority to coin money and gave the responsibility over to the Federal Reserve in 1913.

Okay, here's a summary in as simplified a version as I can: The Federal Reserve, a private corporation, makes a book entry creating money out of thin air. This money is loaned to the United States Government after a guarantee of collateral equal to the face value of the loan plus interest (remember, it was just a book entry at first). This collateral is the land and wealth of the American people. The international bankers are in fact thieves, having made money at no cost to themselves.

Click here to read the entire article.

Note: I’ll readily admit that I know little about the Federal Reserve, nevertheless since beginning my research into the 17th Amendment it has demonstrated a menacing link between the 16th and 17th Amendments and the formation of the Federal Reserve. So in the future I hope to include articles that highlight the 16th Amendment and Federal Reserve.

Comment: Woodrow Wilson said in The New Freedom: A Call for the Emancipation of the Generous Energies of a People (New York and Garden City: Doubleday, Page & Company, 1913).

A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.

Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.

The Founders understood that consolation of power would eventually enslave a people. Clearly in the Senate this consolidation has taken place, where Senators act on behalf of those that are out of sight and free from public scrutiny.

1 comment:

Pondering said...

The 17th Amendment allows for the direct election of U.S. Senators. What is the correlation between this amendment and the Federal Reserve System?