Last week we saw how the “banksters” (i.e. central banks) do all they can to keep the herd under their spell … creating a world of illusion where a tiny segment of society takes advantage of everyone else by …
1) The booms and busts they create to pad their wallets and …
2) Via our current fiat-money/debt-based financial regime.
Most of us view the Fed as a benevolent godfather supporting the average American worker.
Today, I want to expose the dark, tangled pit of snakes and spiders known as the U.S. Federal Reserve … something they don’t teach you in Econ 101.
In November of 1910, Senator Nelson W. Aldrich of Rhode Island gathered a group of elite bankers on an island off the coast of Georgia, as shown in the image below:
|Source: Griffin, G. Edward, “The Creature from Jekyll Island”|
These men represented — conservatively — a quarter of the world’s wealth.
When local reporters approached and began asking questions, one member of the cohort said they were duck hunting.
But that was a ruse.
The real plan was to quietly seize control of the nation’s finances …
To transfer the power to create money from the American government to a private group of bankers …
… creating a monolithic, top-heavy economy and a huge wealth gap.
The political class should have known better. Even America’s founding fathers warned against a centrally planned economy. Here’s what President Thomas Jefferson said, “A wise and frugal government … shall leave [men] otherwise free to regulate their own pursuits of industry and improvement.”
Yet despite the warnings, President Woodrow Wilson signed the 1913 Federal Reserve Act. Later he is reported to have said “I am a most unhappy man. I have unwittingly ruined my country.”
Many have commented on the sinister origin of this legislation, including …
It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.
Former hedge fund manager Shah Gilani:
Rather than allowing free markets to function as a “clearing mechanism” that rewards success and punishes failure, the Fed fosters under-development of third-world nations, props up corrupt governments, protects the greedy, self-serving banking constituency it serves, and by design promotes socialism to further its mandate to enrich its masters.
And former congressman Ron Paul:
From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy … flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.
Bubble-bursts like the Great Recession …
… and this year’s “Greater Recession” which many say is actually the beginning of America’s second Great Depression.
Sure, a pandemic triggered the shut-down. But the “bubble” was already there. It was just waiting for a pin …
And along came a Tomahawk cruise missile!
Former Fed Chair Ben Bernanke even admitted the Fed’s role in the greatest economic calamity of the 20th century when he said: “Regarding the Great Depression. You’re right, we did it. We’re very sorry.”
So, where are we now?
Decades of reckless government spending … economic manipulation … dishonest accounting … and bald-faced lies …… have opened up a number of financial “sink holes” … waiting to swallow our economy whole.
At the same time, an enemy waits in the wings … ready to take advantage.
(You’ll be hearing more about this “enemy” in the coming weeks.)
I’ll keep you abreast of developments as they unfold.
All the best,