It just jumped over $10 Trillion on Oct 2, 2008 - The Outstanding Public Debt as of 25 Sep 2008 at 07:35:25 AM GMT was: $9,794,615,846,009.
The estimated population of the United States is 304,790,683 so each citizen's share of this debt was $32,135.52
This is before the $700,000,000,000.00 $850,000,000,000.00 plus the Trillion+ that was injected into the system during the week of
Sept 22, 08 that they are going to add to it. The National Debt has continued to increase an average of $2,170,000,000.00 ($2.17 billion) per
DAY, for the past year before this latest massive bailout for the crooks! Concerned? Then tell Congress and the White House!
Seven years ago in 2001 the interest on the National Debt was over $450 BILLION a year and the debt was $5.7 Trillion dollars. With a running
deficit, that figure is just making the HOLE that much deeper. The Debt should have been started to be paid off way back then, instead bush hit
the "trifecta" thereby allowing him to run it up much more. Many Ill-Informed people cheered him on as he raised hell with the rest of the world,
destroying others, killing hundreds of thousands, stealing their land and resources while giving tax breaks to the upper crust of his base and
generally being the most despotic and decrepit president in the history of the United States.
Then in 2004, 59,084,087 'people' re-elected him - er the voter fraud in Ohio put him back in place.
It is strongly recommended that everyone read all of the following article:
A Quick Overview of the Stinking Financial Mess.
I tell you just what happened and who is mostly responsible for it.
Yearly Budget Deficit or Surplus
Fed & Treasury total money supply - going thru the roof
You have been Sold down the road. The stats of the CPI and other core figures have been manipulated, increasingly so, for the past 29
years. The CPI currently does not include food or energy, furthermore when an indicator gets too high then it has a
lesser multiplier on it and conversely if it goes down then the multiplier is increased.
This has the desired effect of keeping the figure way understated.
Now this is a compounded cumulative savings to the government (or stroking to beneficiaries of entitlements) ie: that a nominal 4%
differential over only 10 years equates to 48% savings in entitlements and cost of living payments.Using the CPI to Rob Americans Blind.
"Is the United
States Bankrupt?" Federal Reserve Bank of St. Louis Review, July/August 2006, 88(4), pp. 235-49: "This paper
explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke,
that the United States is going broke...."
How can the US go bankrupt, when it can just print new money (US Dollars) at no cost? You cant, you just dont want
people to watch the money supply too close then, which is why FED stopped showing the M3 money supply in 2006:
http://www.federalreserve.gov/Release....
What they are doing is to debauch the Dollar.
The huge supply of newly printed US dollars will decrease its value. The national debt just went over $12 Trillion (11-20-09),
it was 5.7 Trillion when Bush took over in 2001. The interest payment on this is over $400 Billion a year and would be much
higher if the the interest rates were not driven so low. Since we have been in a deficit for many years now the interest just
adds to the total debt. Additionally the unfunded future obligations is now $108 Trillion, increasing about $5 Trillion a year,
and as of July 09 the bailout obligation was $23.7 Trillion according to Bloomberg.
The United States is a broken Republic. It was fixable up to about 2003 when I started this website for the sole purpose to try
to expose the massive lies and stave off the massive spending that was going to destroy us. Instead the Bush admin and his neocons in control
did everything they could to increase spending which was just a transfer to the coffers of the war profiteers. $3 Trillion and much devastation is the
result of that fiasco that is ongoing and seems never ending with the Obama non-actions and broken promises. Alas, there is not a single true stated reason for
either of the current wars.
It is clear that the powers in charge decided that it was broken and that they might as well do the final
looting with the long term agenda of a one world global government and currency. It was all planned going back
for 40 years and more. This is the culmination of the works of the CFR, Bilderberg, Club of Rome, Council of
13 and other groups of the elite. The message has been clear: the West is beyond the point of no return.
There is no way that Western governments are going to reverse these massive deficits, and there is no way that
they're going to be able to pay off these deficits with anything except devalued fiat money.
"The budget should be balanced; the treasury should be refilled;
public debt should be reduced; and the arrogance of public
officials should be controlled."
-- Cicero. 106-43 B.C.
"Without a gold standard in place, there is little to prevent
governments indulging in wild credit creation. Deficit
spending is simply a scheme for the confiscation of wealth.
Gold stands in the way of this insidious process."
-- Alan Greenspan : 1966
"We're clearly on an imprudent and unsustainable fiscal path.
Our current liabilities and unfunded commitments as of the end
of the last fiscal year amounted to over $43 trillion, up to
$13 trillion in one year alone."
-- David Walker, U.S. Comptroller General (April 11, 2005)
"The U.S. government is on a 'burning platform' of
unsustainable policies and practices."
-- David Walker, U.S. Comptroller General
"We are mortgaging the future of our children and
grandchildren at record rates, and that is not only an issue
of fiscal irresponsibility, it's an issue of immorality."
-- David Walker, former Comptroller General, Jan. 9, 2008
"How can you pursue this policy that you have without further
weakening the dollar? There's a dollar crisis out there, and
people's money is being stolen! People who have saved, they're
being robbed!"
-- Congressman Ron Paul speaking to Bernanke about his
unsound policies at the Fed. 11-8-07
"Some even believe we are part of a secret cabal working
against the best interests of the United States,
characterizing my family and me as 'internationalists' and of
conspiring with others around the world to build a more
integrated global political and economic structure -- one
world, if you will. If that's the charge, I stand guilty, and
I am proud of it."
-- David Rockefeller, his 2002 book "Memoirs"
"Government is the only entity that can take valuable resources
like paper and ink, and make them worthless."
-- Ludwig von Mises
"Paper money eventually returns to its intrinsic value - zero."
-- Voltaire, 1694-1778
"Despite the long-term damage to the economy inflicted by the
government's interference in the housing market, the
government's policy of diverting capital to other uses creates
a short-term boom in housing. Like all artificially-created
bubbles, the boom in housing prices cannot last forever. When
housing prices fall, homeowners will experience difficulty as
their equity is wiped out. Furthermore, the holders of the
mortgage debt will also have a loss. These losses will be
greater than they would have otherwise been had government
policy not actively encouraged over-investment in housing.
Perhaps the Federal Reserve can stave off the day of reckoning
by purchasing GSE debt and pumping liquidity into the housing
market, but this cannot hold off the inevitable drop in the
housing market forever. In fact, postponing the necessary, but
painful market corrections will only deepen the inevitable
fall. The more people invested in the market, the greater the
effects across the economy when the bubble bursts."
-- Ron Paul September 10, 2003 - Foretelling the future crisis
"No generation has a right to contract debts greater than can
be paid off during the course of its own existence."
-- George Washington
"We're borrowing so much from abroad that we're skating on
thin ice. Can we correct this problem without some kind of
international financial crisis?" Regarding the need for
policies that reverse the triple deficit, "I don't know
whether the change will come with a bang or a whimper, whether
sooner or later. But as things stand, it is more likely than
not that it will be financial crises rather than policy
foresight that will force the change."
-- Paul Volcker, Former Fed Chairman, (April 10, 2005)
"In the absence of the gold standard, there is no way to
protect savings from confiscation through inflation. ... This
is the shabby secret of the welfare statists' tirades against
gold. Deficit spending is simply a scheme for the confiscation
of wealth. Gold stands in the way of this insidious process.
It stands as a protector of property rights. If one grasps
this, one has no difficulty in understanding the statists'
antagonism toward the gold standard."
-- Alan Greenspan - Gold and Economic Freedom 1967
"Taxes are not raised to carry on wars, wars are raised to
carry on taxes."
-- Thomas Paine 1737-1809
"The best way to destroy the capitalist system is to debauch
the currency. By a continuing process of inflation,
governments can confiscate, secretly and unobserved, an
important part of the wealth of their citizens."
-- John Maynard Keynes (1883-1946)
"America has no better than a 10% chance of avoiding
economic "Armageddon."
-- Stephen Roach, Chief Economist, Morgan Stanley
(Boston Herald, November 23, 2004)
"People know that inflation erodes the real value of the
government's debt and, therefore, that it is in the interest
of the government to create some inflation."
-- Ben S. Bernanke, Fed Chairman
"Regarding the Great Depression. You're right, we did it.
We're very sorry. But thanks to you, we won't do it again."
-- Ben S. Bernanke, Nov. 8, 2002 (Fed Chairman, talking to
economist Milton Friedman)
"Right now, the rest of the world owns $3 trillion more of us
than we own of them. In my view, it will create political
turmoil at some point. Pretty soon, I think there will be a
big adjustment."
-- Warren Buffet, speaking at the University of Nevada,
Reno, January, 2006
"America ... [is going] down the tubes, and the worst part is
nobody knows it. They're all in denial, patting themselves on
the back, as the Titanic heads for the iceberg full speed
ahead."
-- Andy Grove - Founder of Intel Corp. Newsweek June 2006
"The Fed is NOT part of the government. It is privately owned
by a select group of powerful individuals and private banking
cartels. It's express purpose is to fleece the American people
by stealing our money under the pretext of "central banking
system" that calls itself "Federal." Yet it is no more a part
of, or controlled by, the Federal Government than is Federal
Express!"
-- Devvy Kidd
"I am a most unhappy man. I have unwittingly ruined my
country. A great industrial nation is controlled by its system
of credit. Our system of credit is concentrated. The growth of
the nation, therefore, and all our activities are in the hands
of a few men. We 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 duress of a
small group of dominant men."
-- Woodrow Wilson - 1916 - A few years after
he signed the 1913 Federal Reserve Act.
"Mr. Chairman, we have in this Country one of the most corrupt
institutions the world has ever known. I refer to the Federal
Reserve Board and the Federal Reserve Banks. ... This evil
institution has impoverished and ruined the people of the
United States. ... Some people think the Federal Reserve Banks
are United States Government institutions. They are private
credit monopolies which prey upon the people of the United
States for the Benefit of themselves and their foreign and
domestic swindlers, and rich and predatory money lenders."
-- Honorable Louis T. McFadden Chairman of the Committee on
Banking and Currency - Cong. Record, June 10, 1932
"100% of what is collected is absorbed solely by interest on
the Federal Debt ... all individual income tax revenues are
gone before one nickel is spent on the services taxpayers
expect from government."
-- Grace Commission
"This Act (the Federal Reserve Act, Dec. 23rd 1913)
establishes the most gigantic trust on earth. When the
President (Woodrow Wilson) signs this Act the invisible
government by the money power, proven to exist by the Money
Trust Investigation, will be legalized. The new law will
create inflation whenever the trusts want inflation. From now
on depressions will be scientifically created. The worst
legislative crime of the ages is perpetrated by this banking
and currency Bill."
-- Charles A. Lindbergh Sr. 1913
"If the American people ever allow the 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 property, until their
children wake up homeless on the continent their fathers
conquered. The issuing power of money should be taken from
banks and restored to Congress and the people to whom it
belongs. I sincerely believe the banking institutions having
the issuing power of money, are more dangerous to liberty than
standing armies."
-- Thomas Jefferson
"Paper is poverty, .... it is only the ghost of money, and not
money itself."
-- Thomas Jefferson, 1788
"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
"Whoever controls the volume of money in any country is
absolute master of all industry and commerce. And when we
realize that the entire system is very easily controlled, one
way or another, by a few very powerful men at the top, you
will not have to be told how periods of inflation and
depression originate."
-- U.S. President James Garfield. A few weeks after making
this statement, he was assassinated on July 12, 1818
"Give me control over a nation's currency and I care
not who makes its laws."
-- Baron Mayer Amschel Rothschild (1744 -1812)
"Who controls the food supply controls the people; who controls
the energy can control whole continents; who controls money
can control the world."
-- Henry Kissinger
"When a government is dependent upon bankers for money, they
and not the leaders of the government control the situation,
since the hand that gives is above the hand that takes. Money
has no motherland; financiers are without patriotism and
without decency; their sole object is gain."
-- Napoleon Bonaparte
"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 money
and its issuance."
-- James Madison
"It is well enough that the people of this nation do not
understand our banking and monetary system, for if they did, I
believe there would be a revolution before tomorrow morning."
-- Automaker Henry Ford, during the Great Depression.
"We have operating within our government and political system,
another body representing another form of government, a
bureaucratic elite which believes our Constitution is
outmoded... All the strange developments in foreign policy
agreements may be traced to this group who are going to make
us over to suit their pleasure... This political action group
has its own local political support organizations, its own
pressure groups, its own vested interests, its foothold within
our government, and its own proganda apparatus."
-- Senator William Jenner, February 23, 1954.
"The real rulers in Washington are invisible, and exercise
power from behind the scenes."
-- Felix Frankfurter, justice U.S. Supreme Court 1939-1962
"From the Great Depression, to the stagflation of the
seventies, to the burst of the dotcom bubble, every economic
downturn suffered by the country over the last 80 years can be
traced to Federal Reserve policy. Since the creation of the
Federal Reserve, middle and working-class Americans have been
victimized by a boom-and-bust monetary policy. In addition,
most Americans have suffered a steadily eroding purchasing
power because of the Federal Reserve's inflationary policies.
This represents a real, if hidden, tax imposed on the American
people."
-- U.S. Rep. Ron Paul
"A sound banker, alas, is not one who foresees danger and
avoids it, but one who, when he is ruined, is ruined in a
conventional way along with his fellows, so that no one can
really blame him."
-- John Maynard Keynes, 1931
"Of all the contrivances for cheating the laboring classes of
mankind, none has been more effective than that which deludes
them with paper money."
–- Daniel Webster
"Ordinary tyranny, oppression, excessive taxation... these
bear lightly on the happiness of the mass of the community,
compared with fraudulent currencies and the robberies committed
by depreciated paper"
-- Daniel Webster
"All the perplexities, confusion and distresses in America
arise not from defects in the constitution or confederation,
nor from want of honor or virtue, as much from downright
ignorance of the nature of coin, credit, and circulation."
–- John Adams
"We the People are the rightful masters of both congress and
the courts -- not to overthrow the Constitution, but to
overthrow the men who pervert the Constitution."
-- Abraham Lincoln
"To sin by silence when they should protest
makes cowards of men."
-- George Washington
"If a nation expects to be ignorant and free, in a state of
civilization, it expects what never was and never will be."
-- Thomas Jefferson
"Against the insidious wiles of foreign influence, the
jealousy of a free people ought to be constantly awake; since
history and experience prove that foreign influence is one of
the most baneful woes of Republican government."
-- James Madison
"The real truth of the matter is, as you and I know, that a
financial element in the large centers has owned the
government ever since the days of Andrew Jackson.."
-- President Franklin D. Roosevelt, November 21, 1933
"No State shall make any Thing but gold and silver coin a
tender in payment of debts."
-- Article One, Section 10, of the U. S. Constitution
It has never been repealed.
"When you expect things to happen - strangely enough
- they do happen."
-- J. P. Morgan
The use of the word Federal in the name federal Reserve leads the public to believe that the Federal Reserve is a government institution,
when it is really a private corporation owned by foreign and domestic banks and operated for profit. The FED controls the nation's money supply
and interest rates, and thereby manipulates the entire economy, in violation of Article 1, Section 8 of the United States Constitution that
expressly charges Congress with power to coin money and regulate the value thereof. Article 1, Section 10 of the constitution says: No State
shall make any thing but gold and silver Coin a Tender in payment of Debts.
How to Keep 100% of Your Earnings - 1:27 streaming
Interviews and speeches with noted attorneys, CPAs, jurists, and experts revealing the illegal enforcement of our income tax laws by the IRS and the unconstitutional nature of the Federal Reserve.
Sherry Peel Jackson - Breaking The Invisible Shackles Of The IRS - 1:42 streaming
Certified Fraud Examiner and Ex-IRS agent Challenges all citizens to demand answers from congress about the legality of Federal Income taxes and the Federal Reserve. This lecture exposes some of the inner secrets of the IRS, and the fundamental lack of juridical framework that supports it.
Fiat Empire - A Closer Look at the Federal Reserve - 1:23 streaming -
Why the Federal Reserve Violates the U.S. Constitution, It is a Private, For Profit corporation. The Federal Reserve System is literally "bunch of organized crooks" Experts agree the Fed is a banking cartel that benefits mainly bankers and a Congress would rather increase the Gross National Debt than set this system straight.
"The process by which banks create money is so simple that
the mind is repelled."
-- John Kenneth Galbraith
"[W]hen a bank makes a loan, it simply adds to the borrower’s
deposit account in the bank by the amount of the loan. The
money is not taken from anyone else’s deposit; it was not
previously paid in to the bank by anyone. It’s new money,
created by the bank for the use of the borrower."
-– Robert B. Anderson, Treasury Secretary under Eisenhower, in
an interview reported in the August 31, 1959 issue of U.S.
News and World Report
"Do private banks issue money today? Yes. Although banks no
longer have the right to issue bank notes, they can create
money in the form of bank deposits when they lend money to
businesses, or buy securities. . . . The important thing to
remember is that when banks lend money they don’t necessarily
take it from anyone else to lend. Thus they ‘create’ it."
-– Congressman Wright Patman, Money Facts (House Committee on
Banking and Currency, 1964)
"Lenin was surely right. There is no subtler, no surer means
of overturning the existing basis of society than to debauch
the currency. The process engages all the hidden forces of
economic law on the side of destruction, and does it in a
manner which not one man in a million is able to diagnose."
-- John Maynard Keynes
"....We're confiscating property now....That's socialism.
It's written into the Communist Manifesto. Maybe we ought to
see that every person who gets a tax return receives a copy of
the Communist Manifesto with it so he can see what's happening
to him."
-- T. Coleman Andrews, May 25, 1956, U.S. News & World
Report, Commissioner of the IRS for 33 months Under the
Eisenhower Administration before he resigned.
"From a legal standpoint these banks are private corporations,
organized under a special act of Congress, namely, the Federal
Reserve Act. They are not in the strict sense of the word
Government banks." This "special act" by Congress in 1913 is
in direct violation of 16 Corpus Juris Secundum, Section 141,
which states that Congress cannot delegate or sign over its
authority to any individual, corporation or foreign nation.
Yet that's exactly what occurred in December of 1913 by a
select group of individuals in the U.S. Congress. That
"special act" has become the biggest fraud in the history of
this country."
-- William P.G. Harding, Governor of the Federal Reserve Board
in a speech delivered before the Washington Chamber of
Commerce in 1921
"It is mathematically impossible to pay off the "national
debt. As we have advised, the Federal Reserve is currently
paying the Bureau approximately $23 for each 1,000 notes
printed. This does include the cost of printing, paper, ink,
labor, etc. Therefore, 10,000 notes of any denomination,
including the $100 note, would cost the Federal Reserve $230.
In addition, the Federal Reserve must secure a pledge of
collateral equal to the face value of the notes.
"In ordering these notes into existence, by sending a purchase
order to the Bureau of Engraving for 10,000 notes, at a total
cost of $230 to the Federal Reserve, this private banking
cartel, not the government of We the People, thereby obtains a
pledge of collateral equal to their face value of $1 million!
This "pledge" is made to the Reserve cartel by Congress and
the collateral to which Congress pledges is the land, labor
and assets of the American people. What a racket! This
private entity known as "the Fed," was incorporated in 1914
and has been creating a completely unnecessary "national
debt" ever since. Simply stated: The Fed creates money as
debt. The Fed creates money out of thin air. This is
accomplished at the stroke of a pen with nothing more than a
book entry, when the members of the Federal Reserve System
make loans to the government, to the banks, to businesses and
to individuals. This debt money is the money supply.
"The Federal Reserve Systems' banks charge usury on the created
debt money. We American citizens are obligated to repay this
debt money, plus the usury (interest). However, the money to
pay the usury on the debt is never created within the system.
Loan repayments to banks reduce the money supply, because the
money is removed from circulation when the debt is repaid! To
keep the money supply from shrinking, more borrowing is
necessary. It is mathematically impossible to pay off the
aggregate debt principle plus the aggregate usury.
"In a futile attempt to avoid the day of reckoning, borrowers
are forced to take on increasing amounts of debt to pay not
only the principal of the debt, but the onerous usury as well.
Debt escalates at an exponential rate until the borrowers are
forced into bankruptcy. This phenomenon is not unique to
government borrowing, but applies as well to individuals and
business. The ultimate consequences are involuntary
unemployment, inflation, burdensome usury rates, and the
calculated loss of our inherited rights and freedoms, and the
confiscation of our property."
-- William H. Fokler (Manager of Public Affairs, Department of
Treasury, Bureau of Engraving & Printing, Washington DC)
"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
"I am one of those who do not believe that a national debt is
a national blessing, but rather a curse to a republic;
inasmuch as it is calculated to raise around the
administration a monied aristocracy dangerous to the
liberties of the country."
-- Andrew Jackson
"The money powers prey upon the nation in times of peace and
conspire against it in times of adversity. The banking powers
are more despotic than a monarchy, more insolent than
autocracy, more selfish than bureaucracy. They denounce as
public enemies all who question their methods or throw light
upon their crimes. I have two great enemies, the Southern Army
in front of me and the bankers in the rear. Of the two, the
one at my rear is my greatest foe. [As a most undesirable
consequence of the war...] Corporations have been enthroned,
and an era of corruption in high places will follow. The money
power of the country will endeavor to prolong its reign by
working upon the prejudices of the people until the wealth is
aggregated in the hands of a few, and the Republic is
destroyed."
-- Abraham Lincoln
"A disordered currency is one of the greatest political evils.
It undermines the virtues necessary for the support of the
social system, and encourages propensities destructive to its
happiness. It wars against industry, frugality and economy,
and it fosters evil spirits of extravagance and speculation.
Of all the contrivances for cheating the laboring classes of
mankind, none has been more effectual than that which deludes
them with paper money."
-- Daniel Webster
"I believe that if the people of this nation fully understand
what Congress has done to them over the past 49 years, they
would move on Washington, they would not wait for an
election.. .. It adds up to a preconceived plan to destroy the
economic and social independence of the United States."
-- George W. Malone, U.S. Senator from Nevada speaking before
Congress in 1957
"100 percent of what is collected is absorbed solely by
interest on the Federal debt and by Federal Government
contributions to transfer payments. In other words, all
individual income tax revenues are gone before one nickel is
spent on the services which taxpayers expect from their
Government."
-- J. Peter Grace, Grace Commission Report January 12, 1984
"I believe that banking institutions are more dangerous to our
liberties than standing armies. Already they have raised up a
money aristocracy that has set the government at defiance. The
issuing power should be taken from banks, and restored to the
people."
-- Thomas Jefferson
"In the United States we have, in effect, two governments...
We have the duly constituted Government... Then we have an
independent, uncontrolled and uncoordinated government in the
Federal Reserve System, operating the money powers which are
reserved to Congress by the Constitution."
-- Congressman Wright Patman
"Once a nation parts with the control of its currency and
credit, it matters not who makes the nations laws. Usury, once
in control, will wreck any nation. Until the control of the
issue of currency and credit is restored to government and
recognized as its most sacred responsibility, all talk of the
sovereignty of parliament and of democracy is idle and
futile."
-- William Lyon Mackenzie King
"In its 60 - year history, the Federal Reserve System has
never been subjected to a complete, independent audit, and it
is the only important agency that refuses to consent to an
audit by the Congress' agency, the General Accounting
Office... GAO audits of the Federal Reserve will, moreover,
fill the glaring gap that now exists in our information about
the Fed's activities and programs. As things now stand, the
only information that we get on programs of the Fed is what
the Fed itself wants us to have."
-- Congressman Wright Patman, Congressional Record May 5, 1975
"Every effort has been made by the Federal Reserve Board to
conceal its power. But the truth is, the Federal Reserve Board
has usurped the government of the United States. It controls
everything here; and it controls our foreign relations. It
makes or breaks governments at will. No man, and no body of
men, is more entrenched in power than the arrogant credit
monopoly which operates the Federal Reserve Board and the
Federal Reserve Banks. These evil-doers have robbed this
country of more than enough money to pay the national debt.
What the National Government has permitted the Federal Reserve
Board to steal from the people should now be restored to the
people. The people have a valid claim against the Federal
Reserve Board and the Federal Reserve Banks. If that claim is
enforced, Americans will not need to stand in bread lines.
Homes will be saved. Families will be kept. What is needed
here is a return to the Constitution of the United States. The
old struggle that was fought out here in Jackson's day must be
fought over again. The Federal Reserve Act should be repealed;
and the Federal Reserve Banks - having violated their charters
- should be liquidated immediately. Faithless government
officers who have violated their oaths of office should be
impeached and brought to trial. Unless this is done by us, I
predict the American people - outraged, robbed, pillaged,
insulted, and betrayed as they are in their own land - will
rise in their wrath and send a President here who WILL sweep
the money changers from the temple."
-- Congressman Louis T. McFadden before the House of
Representatives, in the midst of the Great Depression, 1932.
(McFadden died mysteriously in 1936
after three attempts on his life.)
"The Bank of the United States is one of the most deadly
hostilities existing against the principles and form of our
Constitution. An institution like this, penetrating by its
branches every part of the Union, acting by command and in
phalanx, may, in a critical moment, upset the government. I
deem no government safe which is under the vassalage of any
self-constituted authorities, or any other authority than that
of the nation, or its regular functionaries. What an
obstruction could not this bank of the United States, with all
its branch banks, be in time of war? It might dictate to us
the peace we should accept, or withdraw its aid. Ought we then
to give further growth to an institution so powerful, so
hostile?"
-- Thomas Jefferson
"The powers of financial capitalism had (a) far-reaching aim,
nothing less than to create a world system of financial
control in private hands able to dominate the political system
of each country and the economy of the world as a whole. This
system was to be controlled in a feudalist fashion by the
central banks of the world acting in concert, by secret
agreements arrived at in frequent meetings and conferences.
The apex of the systems was to be the Bank for International
Settlements in Basel, Switzerland, a private bank owned and
controlled by the world's central banks which were themselves
private corporations. Each central bank...sought to dominate
its government by its ability to control Treasury loans, to
manipulate foreign exchanges, to influence the level of
economic activity in the country, and to influence cooperative
politicians by subsequent economic rewards in the business
world."
-- Carroll Quigley
"The modern banking system manufactures money out of nothing.
The process is perhaps the most astounding piece of sleight of
hand that was every invented. Banking was conceived in
inequity and born in sin. Bankers own the earth. Take it away
from them but leave them the power to create money, and with a
flick of a pen, they will create enough money to buy it back
again. Take this great power away from them and all great
fortunes like mine will disappear, for then this would be a
better and happier world to live in. But if you want to
continue to be the slaves of bankers and pay the cost of your
own slavery, then let bankers continue to create money and
control credit."
-- Sir Josiah Stamp, president of the Bank of England and
the second richest man in Britain in the 1920's, speaking
at the University of Texas in 1927
"If we run into such debts as that we must be taxed in our meat
and in our drink, in our necessaries and our comforts, in our
labors and our amusements, for our callings and our creeds, as
the people of England are, our people, like them, must come to
labor sixteen hours in the twenty-four, and give the earnings
of fifteen of these to the government for their debts and
daily expenses;
And the sixteenth being insufficient to afford us bread, we
must live, as they do now, on oatmeal and potatoes, have no
time to think, no means of calling the mismanagers to account;
but be glad to obtain subsistence by hiring ourselves to rivet
their chains around the necks of our fellow sufferers;
And this is the tendency of all human governments. A departure
from principle in one instance becomes a precedent for a
second, that second for a third, and so on 'til the bulk of
the society is reduced to be mere automatons of misery, to
have no sensibilities left but for sinning and suffering...
And the forehorse of this frightful team is public debt.
Taxation follows that, and in its train wretchedness and
oppression."
-- Thomas Jefferson
"When the Federal Reserve Act was passed, the people of these
United States did not perceive that a world banking system was
being set up here. A super-state controlled by international
bankers and international industrialists acting together to
enslave the world for their own pleasure. Every effort has
been made by the Fed to conceal its powers but the truth is -
the Fed has usurped the Government. It controls everything
here and it controls all our foreign relations. It makes and
breaks governments at will."
-- Louis T. McFadden Chairman of the House Committee
on Banking and Currency 1920-1931
"THE BANKER’S MANIFESTO": "Capital must protect itself in
every way…Debts must be collected and loans and mortgages
foreclosed as soon as possible. When through a process of law
the common people have lost their homes, they will be more
tractable and more easily governed by the STRONG ARM OF THE
LAW (Cops) applied by the central power of leading financiers.
People without homes will not quarrel with their leaders. This
is well known among our principal men now engaged in forming
an imperialism of capitalism to govern the world. By dividing
the people we can get them to expend their energies infighting
over questions of no importance to us except TEACHERS FOR THE
COMMON HERD. (Taken from the Civil Servants’ Year Book, "The
Organizer," Jan. 1934)
"The few who understand the system, will either be so
interested in its profits or so dependent on its favors that
there will be no opposition from that class. The great body of
people, mentally incapable of comprehending the tremendous
advantages will bear its burden without complaint."
-- Rothschild Brothers June 25, 1863