Our Money Culture $5

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Our Money Culture $5

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   All the things we talked about in this series of articles are historic and history can be a great teacher.  Two events happened recently.  One was a reflection on Ireland's independence and we celebrated the 92nd anniversary of the Rising, the other event is current and history in the making.  This second matter concerns the Bear, Stearns & Company bailout and the fact that the Federal Reserve, or the Central Bank for America, will interject $30 billion into the company, additionally ex-candidate Clinton has asked the Fed to "make available" a further $30 billion to the public sector to help with the mortgage crisis.  Before we continue, have a quick look at this post by Purple Frog to see what a billion really is!  You'll be amazed!

   There were patriotic speeches made from Dublin and one quoted the words of the men of the 1916 Rising, that they wanted  "...a Sovereign and Independent Free State..." for Ireland.  Little did those courageous men know that within one life-time Ireland would choose to give up this sovereignty and independence voluntarily for a new master.  No control of currency, no control of borders, laws and leadership transferred off the island, and Ireland's ability to take it's place in the world usurped by strangers in Brussels who rule the European Union.  The petty squabbles about the right-to-life and neutrality issues pale in comparison to the economic ramifications that the proposed Lisbon Treaty suggested for once the absolute control of wealth is handed over to Brussels we will follow the Pied Piper of Profit like good little mice.  Within the Lisbon Treaty there was no provision that guaranteed the European Central Bank would remain independent of political control!  President Sarkozy of France has criticized this independence and wishes to change it's mandate.

   Ireland has forfeited it's right to control her own economic future.  Previously in this series we mentioned Central Banks, these are institutions that control the ebb and flow of available currencies either by sovereign governments or agencies contracted by these governments.  Ireland's founding fathers freed us from being subjects of the Crown; but, now we have become subjects of the Coin.  The European Coin.  The European Central Bank.

   Technically the European Central Bank is not a member of the International Monetary Fund, it doesn't have to be, all it's member states are.  We saw, that in order to be a member of this elite banking club, all members must base their currency valuations on fiat currency, the taxabilty of it's population, a.k.a. slavery to debt.  Ireland's population, and the States' ability to extract taxes from them, gave Ireland's currency a value when we surrended our Punts for Euros.  In order to maintain these levels the ECB will insure that the rate of tax collected remains at these transition levels.  Although England is a member of the European Union it was smart enough not to give up it's sovereignty as regards to it's economic freedom.  The Bank of England is also a central bank; but, it is one that is owned and under control of the government.  The Federal Reserve System is a consortium of twelve banks, owned privately, and under contract to the US government to provide an economy by which the politicians can conduct foreign and domestic policy.

   President John F. Kennedy, who was a great student of history and an admirer of Thomas Jefferson and Benjamin Franklin, tried to give back to the American people the right to control their own destiny.  In June 1963 he signed Executive Order Number 11110 which would take back the power of the Federal Reserve System and restore true "freedom and democracy" to the government "of the people" after it was taken away 50 years prior.  He was killed within five months, draw your own conclusions.  That Executive Order is still awaiting Presidential implementation for the brave soul who, while occupying the Oval Office, will dare to confront the Money Machine. 

   The ECB is currently fighting the temptation to lower interest rates and thus expanding the M1 money supply.  It is under pressure from the US Central Bankers who are continually lowering theirs while they are printing all this new money for Bear Stearns and the mortgage bailout if Hillary has her way.  This is a battle within the Money Machine that the ECB will lose.  All these billions that the Fed is interjecting into the economy costs the tax slaves dearly, the combination of lower interest rates and more money in the system is hyperinflation which is expanding the money supply thus lowering values.  The world economy has only one way to go, down.

   In conclusion of this series we know what we have always known, that people are the true wealth of the world, and that there are those out there who are trying to control this wealth.  In simple terms we can fight this Money Machine by staying out of debt, be informed...be aware...be alert...help one another...and question everything!

***Link here for Part 1 on NowPublic.