Recession: What the Feds Don’t Want You to Know
What is recession? (especially pertinent right now since media and Fed are crying: Recession!)
UPDATING this: major bill in Congress to Audit the FED, movement growing to End the FED.
What is the Federal Reserve?
“Recession! Recession!” cries the Fed. “Uh-oh, we may be heading into a ‘Recession’.”
What most people do not realize is that the Federal Reserve is not a government agency. It is privately owned and run and profited from.
The Fed controls the creation of money. Supposedly it is governed by a government-appointed board, politically-appointed...
Recession is created when the Federal Reserve withdraws money and credit from circulation.
Inflation is just the opposite. Inflation is created when the Fed creates more money and credit. which makes everyone’s dollars worth less. But the ones who profit from either are the ones who get the new money and credit first, or have foreknowledge of the coming withdrawal.
The effect on the value of money does not show up for a year or two: Trickledown effect.
Federal Reserve on Wikipedia: http://en.wikipedia.org/wiki/Federal_Reserve_System
Money Creation on Wikipedia: http://en.wikipedia.org/wiki/Money_creation
The bill creating the Federal Reserve was formulated by a group of extremely powerful internationally-connected bankers on an Island called Jekyll in 1910. Although the bill they offered, the ‘Aldrich Bill’ was defeated, the one that was eventually adopted in 1913 was essentialy the same.
US Representative Charles A. Lindbergh, Sr, father of ‘Lindy’ whose son was later kidnapped and killed, warned about the Fed and paid for it.
The Lindberg baby is thought to have been killed when Charles Sr. dared to oppose the money men who created the FED and privatized the American banking system. When support grew for his position and son Charles to run for the Presidency, his grandson was kidnapped, and apparently killed.
Excerpts from Lindbergh's Banking, Currency and the Money Trust:
"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down.
This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed.
The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.
They know in advance when to create panics to their advantage, They also know when to stop panic.
Inflation and deflation work equally well for them when they control finance."
The Study published by Senator Lindberg in 1915 on The Money Trust (now available online) is so relevant that it might have been written now. An intelligent, perceptive analysis of our economy and capitalism and our government.
INTEREST, DIVIDENDS AND RENTS.
The greatest of all the present social burdens is the excessive interest, dividends and rent charges levied on us by those who control centralized capital. It may seem to those possessing great wealth that they are vested with the right to levy for its use whatever toll they please upon the plain people. What they do levy makes it evident that they think the people owe them more than it is possible for us to pay.
In no case has government so signally neglected its function as in its failure to issue money and control the charges made for its use. Banks and individuals have been permitted to set up a system for financial action which is supported by credits and the products of the people’s industries. Through its use they are enabled to collect exorbitant dividends, interest, and profits on what they do not produce.
From the testimony given by George F. Baker (President of the First National Bank of New York City) before the committee appointed to investigate the Money Trust, we learn that the operations of a single bank produced, in fifty years, profits equal to $86,000,000, or 172 times its original capital. If that bank continues to do business and is allowed to pile up profits in that geometrical progression, it alone, in less than 100 years, will extort from the people all of their property, and—that bank is but one of the 30,000 banks operating on an uneconomic system.
The total capitalization (which includes surplus and undivided profits) of 30,000 banks in 1913, was considerable over $4,000,000,000 and dividends compounded on that sum, as is the custom of banks, will, if allowed to do so by the indifference of the people to their own rights, consume the balance of the nation’s wealth. The accumulated holdings of all the trusts that centralize wealth would immensely reduce the time it will take for the interest and dividends on these holdings to absorb all of our present property, and all of what we earn in the future, except what is required to be left to enable us to eke out a bare subsistence.
The whole country has sold money short and could not possibly deliver or pay the money that it has agreed to pay. ... The annual interest alone, contracted to be paid on these obligations, probably exceeds all of the money in existence.
What is alarming once you start to research the Federal Reserve online, is the revelation of how those who tried to warn the people or inform them have been persecuted, villainized, and ostracized, even killed.
What is available online is so much more than I found in libraries back in 1978 when inflation was threatening our nation and the media were trying to explain it to the public. Suddenly all mention of inflation and its causes was knocked off the front page, actually knocked off all pages and news shows, by an international crisis that went on and on until Reagan took office: the Iranian Hostage situation. Almost like that on-going incident was engineered to do just that.
The big question is if the citizens of the U.S. can actually do something about this.