Carol- Admin
- Posts : 32911
Join date : 2010-04-07
Location : Hawaii
Carol Sat Feb 27, 2016 12:47 pm
PUBLIC CENTRAL BANK
- On Reclaiming Our Central Bank And Monetary Policy -
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"Whoever controls the volume of money in any country is
the master of all its legislation and commerce."
President James A. Garfield
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The "Federal Reserve" is not a government institution but a private central bank owned by a handful of major banks and bond dealers. As such, it is a cartel owned, controlled, and essentially for-profit driven, not by the people of the United States but, instead, by the banking industry's ruling elite. This oligarchic setup generates the most costly, debt-based, money system and greatest conflicts of interest in the history of the world. It is a system clearly at odds with the intent of the founders of the United States of America.
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Public Central Bank - Fire The Fed
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson
"If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations."
Andrew Jackson
"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity."
Abraham Lincoln
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
Lord Acton
The current banking and Wall Street crisis is a direct result of a private central bank system. We are cursed with the deliberately mis-named "Federal" Reserve which is no more than a privatized and exclusive debt-money creation system devoid of public ownership. In this so-called "independent" institution there is no public interest or power within its privately-owned, profit-seeking, system.
When the power to create our money and credit is in private hands, and based on an exclusive franchise for debt-money creation and sale of bonds at interest - as opposed to direct Treasury financing - then the entire economic and social system is set up for private profit, and debt ruin, at public expense. As history has proven, this structure is virtually guaranteed to result in endless predation, corruption, and eventual collapse at immense public expense.
The founders of this country well understood this very problem and so, in their wisdom, put the "purse powers" in the hands of the most democratic body – i.e., Congress – exactly so the people would have the right and power to vote on their monetary policy every two years, course correct their own society and economy, and escape the predictable ruin of a private debt-money system under which we have no alternative or escape.
Today, however, under a private central bank system we have no such public privilege or power. We are powerless at the hands of the real owners of the "Federal’ Reserve – i.e., the major investment banks and historic banking families both here and abroad. These are the very people and institutions who have profited, geared the structure to their endless, debt-money, advantage and proceeded to rape the system until it collapses and the public is forced to rescue and bailout the very predators and criminals at the helm. In any case, this is a society-controlling power no private entity should ever attain.
More: http://www.publiccentralbank.com/ Last edited by Carol on Sat Feb 27, 2016 12:50 pm; edited 1 time in total
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What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol
