Why do Clinton, Obama and McCain continue to protect the Federal Reserve Bank ...?


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when they know full well (or ought to know) that the Federal Reserve bank deserves the lion's share of the blame for the current mortgage/credit crisis and devaluation of our dollar. Don't they get it? What's the skinny there? Why is Ron Paul still the only candidate willing to stand up to the...


Answer (7):

Forty 7

Sage and Kenneth, I don't know where to begin. First of all, you shouldn't need Ron Paul to explain the obvious to you. Injecting more currency into the system devalues the currency. The Federal Reserve is the private institution responsible for managing the amount of currency in the system, NOT the Treasury.

It's called inflation. You can refer to the M3 and see it for yourself. The total amount of currency in circulation has more than DOUBLED since 2001 (7 trillion to over 14 trillion).


But if you don't want to hear the truth about the FED from "crazy" Dr. Paul, maybe you'll listen to our "crazy" founding fathers, Thomas Jefferson and Benjamin Franklin...

“The Central Bank is an institution of the most deadly hostility existing against the principles and form of our constitution… if the American people allow private 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 their property until their children will wake up homeless on the continent their fathers conquered.” -Jefferson

"I believe that banking institutions are more dangerous to our liberties than standing armies." -Jefferson



The Revolutionary War was fought primarily to set up a government free from the clutches of the international central bankers who had already quietly usurped the British Empire, according to Benjamin Franklin, who wrote:

"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."



Or maybe you'd like to actually take the time to research it for yourself? Naaa, that's probably too much to ask. So I'll hold your hand and explain it to you...

There's an old trick called "fractional reserve banking."

Let's say you have a bank, and in your vault you have $1000 from all your depositors. Someone comes in to take out a loan for $10,000. Uh oh! You don't have that amount. Doesn't matter. Under a fractional reserve monetary system, you are allowed to issue credit for, say, 10 times the amount you actually have. This works because all the banks are in agreement to honor one anothers' credit.

So the person wishing to take a loan for $10,000 signs his house away as collateral. His house actually has value. In exchange, you, the banker, issue him a bank credit for $10,000. In the moment he signs his name, $9000 was just created out of THIN AIR. You have just robbed this man, and he is none the wiser because he fails to understand the trick. He has just traded his house for a slip of paper.

Many people think that money is created when printed by the Treasury. This could not be more wrong. Money is created every day, by the banks themselves, as liquid credit.

This is why it holds no value. It's an ongoing scheme to rob the American people of their property, and bury them under insurmountable debt. Between the taxes, the inflation (the devaluing of the dollar which is never accurately reported) and the interest on the debt, we have been made to be slaves to our creditors.



Want more? How about what Woodrow Wilson himself said just six years after signing the Federal Reserve Act:

"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 have come to be 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."



Want more? Guess what, the Federal Income Tax is ILLEGAL. The 16th amendment was never ratified. Look it up. But you don't question it, do you? Because you are a good little slave.

I could go on and on, but why bother. If you haven't figured this out by now, you are beyond help. Maybe words and facts are too hard for you. But don't worry, there's a movie!

http://video.google.com/videoplay?docid=...

whitedevil

Ron paul isn't being controlled by the Zionist government.

Nate

so the sheeple can continue their monetary enslavement, while the banks who loaned the money to the greedy (and thus defalted on their loans) end up getting a free handout.

only problem is, there is no such thing as FREE.

YOU ARE PAYING FOR IT MR/MS Taxpayer.

And you can thank all 3 senators for that one.

Sageandscholar

Why don't you present some evidence to support your charge agains the Fed? Something other than "Ron Paul said so"

bezsenný

Because they are all Illuminati and are all part of the same program focusing on the same goals.

Alea S

Because they want to live! Their survival depends on them giving lip-service to that organization.

Kenneth J

Need more then Ron Paul's word on this issue .

Source Please