ECONOMY 05 – Central Banks

“He who controls the money supply of a nation controls the nation. “
James A. Garfield

It is well known that a central bank has the function to issue currency, regulate money supply and set the interest rates in a country but how it does that and why it is not rather done by the government is less known.

Such an institution is the Federal Reserve, the central banking system of the United States created in 1913. President Andrew Jackson had well founded reasons to prevent such decisions being made by a separate independent institution. He remains the only president in United States history to have paid off the national debt.

“In January 1835, Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished. However, this accomplishment was short lived. A severe depression from 1837 to 1844 caused a tenfold increase in national debt within its first year.”

As he stood against this form of regulation and prevailed he stated:

“The bold effort the present (central) bank had made to control the government … are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”

The Federal Reserve officials speak for themselves. You don’t need to be a genius to see how fraudulent this system actually is.

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.” James Madison, Father of the Constitution for the USA, 4th US President

Bernanke confronted on the 500 billion dollars given to foreign central banks.

The Fed lent out 2.2 trillion dollars and Bernanke refuses to tell who got the money.

“Do you have to be a large, greedy, reckless financial institution to apply for these (no interest) loans?!”

“Give me control of a nation’s money and I care not who makes the laws.” Mayer Amschel Rothschild

If it was not enough, after that, president Obama decides to reappoint Bernanke to another term as chairman of the Federal Reserve “for his courage” in being extremely secretive under the pressure of the congress no doubt.

The Inspector General of the Federal Reserve has done no investigation, knows nothing about the losses of the Federal Reserve, has no clue as to what happened to the 9 trillion dollars spent by the Federal Reserve over a period of 8 months.

“Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.”

The Fed has not been audited in its 96 years history!

Now this is the boldest statement:

“I care not what puppet is placed on the throne of England to rule the Empire, …The man that controls Britain’s money supply controls the British Empire. And I control the money supply.” Baron Nathan Mayer Rothschild

Ben Bernanke’s Reply To Auditing The Fed:

“If the GAO is auditing not only the operational aspects of our programs and the details of the programs, but is making judgments about our policy decisions, that would ineffectively be a take over of monetary policy by the congress, a repudiation of the independence of the Federal Reserve which would be highly destructive to the stability of the financial system, the dollar and our national economic system.

Is that a threat or is that a threat?

Ron Paul explains to the nitwit what this audit really does.


Petition To Audit The Fed

This entry was posted in ECONOMY, PART I - The World You Live In and tagged , , , , , , , , . Bookmark the permalink.

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