Servants to the king
My fellow Americans, we need to wake up and see our government for what it is. We need to educate each other on the racket that is taking advantage of us all, and stand up to do something about it.
Thomas Jefferson once wrote: “If the American people ever 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.”
This quote has never been more important than today. Today’s economy is not going to be restored by stimulus bills, government programs, and bailouts. The united states is bankrupt, and the economic system of this country is enslaving the American people.
When the government created the central banking system of this country they sold us all out, and created a chain reaction will keep the common man in economic slavery. The federal reserve system operates without oversight by any audit or congressional act. Congress has been feeding at the bread basket of the US treasury, special interest groups, and corporations for so long they are immune to the feelings of guilt that should overwhelm their actions.
Men like Thomas Jefferson understood that paper money could be an evil thing. A thing which could be used to enslave nations, or even the entire world. When paper money is not attached to anything, when it has no corresponding value to property that is tangible it can be abused, manipulated, and massaged to make men rich, while hurting the quality of life of common people.
“Paper is poverty,… it is only the ghost of money, and not money itself.”
The US dollar used to hold the value of the Gold which it stood for. The Gold Standard was a powerful tool in keeping the country from experiencing long term inflation, and gave money a true value.
Today’s currency is fiat currency. This means that printed paper money has no intrinsic value, and is only worth what people are willing to trade for it. It is because our country uses fiat currency and a central banking system that the American people can be swindled.
Today the Federal Reserve bank (our nations central bank) issues the currency. In fact it not only issues the currency, it does so with interest. The United States borrows the currency from the central bank. Wait a second… so the people the create the paper money get to loan it to us.. with interest? That’s not the only rotten part of the deal, the Federal Reserve gets to decide how much money we print. Politicians like to use fancy words like “economic policy” to hide the truth of what they are doing. Just recently we have seen the government printing more money. This is the true hidden tax that is robbing the American people. It could even be said that negatively impacting the purchasing power of money is more devious than taxing the people. After all if one enacts a tax they must go through legislative channels and do it in the open. If one simply prints more money, they don’t need anyone’s permission.
This kind of behavior should remind us of Emperor Nero of ancient Rome. When Nero needed more money he decided to put less silver in the coins of the day. In this way he was able to increase his purchasing power by roughly 9% during his rule. This style of governing continued long after his death, and a century later the roman coins that once contained 94% silver only had 43% silver in them. The value of Roman money had been debased making it only half as valuable as it once was. By the end of Roman rule the currency only contained 0.02% silver and was not accepted by anyone as currency at face value.
This is not the only story of the failure of fiat currency. In fact many countries to adopt fiat currency has had its economy collapse, suffered hyper inflation, or debasement.
Lets get real, fiat currency is a form of make believe on a global scale. The money is not actually worth anything. So when governments decide they need more of it for any reasons they simply print more and make it all worth a little bit less. Any 5th grader would understand this is stealing in its simplest form. Our government has been stealing for a long time. Recently our president and members of congress from both parties have decided they needed to spend more money to get the economy started again. But if the people have no more money to spend, the government just prints more.
This is not the end of the story. The other job of the central bank besides to charge us interest to use their currency, and print money when they see fit, is to be the “lender of last resort”. This simply means the central bank can lend money to companies that believe they will collapse. This is exactly what we have seen in the cases of large financial institutions lending money to people with poor credit on the advise of the federal reserve, only to then become insolvent when the people who could not afford the loans defaulted.
Lets replay this scenario again one step at a time because it is key that every citizen possible understand exactly what is happening.
1. The Federal Reserve who prints and lends the county its money suggests that the nations largest banks should lend money to high risk borrowers who may not be able to pay it back. In some cases to people with no jobs, or without citizenship.
2. The banks take this idea and run wild with it and lend money to millions of people who can not afford it.
3. The construction and housing industries begin to see amazing performance as a flood of unqualified first time buyers begin purchasing property.
4. A bubble of unpaid loan money begins to develop, meanwhile the banks begin giving out second and third mortgages to unqualified borrowers so they can “cash in” on the real estate boom that seems to be going on.
5. The nations largest housing builders make so much money they do not want to stop building houses even though they can see a bubble forming. Some even build millions of homes they know no one will buy so the company stock prices do not drop. In this way the corporate executives can make a heft profit on whats happening for just a while longer.
6. BOOM.. It happens, the nations largest banks begin letting the Federal Reserve and the American people know that they have millions of dollars in IOU’s from unqualified home buyers and expect that they will become insolvent in days or even hours.
7. The federal reserve gets onto the scene with the treasury department who discover that the nations largest banks have not only been lending to people who could not afford to pay back the loans, but that they also have all been lending to the other biggest companies in the world, and insuring their stock prices. Low and behold it appears the entire economy is about to collapse so the nations leadership meets to discuss what to do about it.
8. The Fed and Treasury department decide to lend the money to the banks to keep the companies from collapsing.
9. The American people now own stakes in the largest companies in the world. the US government becomes a wall street investor.
10. Other big companies like the worlds largest insurance company AIG contacts the treasury and wants money of their own to keep operating.
11. Once again the federal government becomes a part owner of one of the worlds largest companies, and the federal government bails them out.
12. The nations largest car manufacturers in Detroit inform washington that they will not be able to continue because the union wages they pay are 3 times higher than southern auto factories, while Americans are not purchasing their cars anymore.
13. The united states becomes an auto manufacturer.
14. The nations new president decides with the Fed that the best way to get the economy moving again is to increase the amount of money being printed, and by passing a $787 Billion stimulus plan.
15. One year after the stimulus bill has been passed nearly 4 million Americans have lost their jobs bringing the jobless rate to one out of ten Americans. This does not account for the other 8% of Americans who are forced to work part time and try to get by. The president effectively makes the government bigger, gives tax payer money to big companies, and all the while stealing from the American people by printing more money.
These events are effecting the lives of people across the county. The bubble that was formed by corrupt banking practices paid off for executives who are now being paid millions in bonuses for operating successful companies. Meanwhile the banks are still not lending money to the American people, and the economy has not rebounded as promised by the current administration.
In reality the situation could be getting more dire as more an more Americans are losing their jobs the president is pushing congress to socialize 17% of the US economy by taking over health care and effectively continuing to turn this great nation into a socialist state. In the midst of this other nations like Greece are experiencing an economic crisis of their own that threatens the entire economy of Europe.
To this day the federal reserve is acting without oversight by congress, without audits, and in opposition to the ideals and best intentions of our founding fathers. We need to stand up and call this what it is “Modern Day Serfdom”. Our government as a whole is under he mistaken impression that we the people of this great nation are the servants and it is the master. This is not acceptable, responsible, or tolerable. Government spending is out of control, and as a great man once said “Government is not the solution, its the problem”.
How long are we going to let the cronies in washington steal from the American people? When was the last time you voted? When was the last time you spoke to your elected officials? Do you know who your elected officials are? Wake up America, today is not a day to be passive, but to take action and let our voices be heard. The government is meant to be our servant and not our master. It is time we cleaned out the garbage in washington and voted them out from both parties.
