Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
If you think for one second that the Federal Reserve System is a Godsend that backstops America's banks and our economy in times of trouble, you'd be right for that one second.
But if you take any time to learn how the Fed really works and in whose interest they operate, you'd make yourself sick for a long, long time.
The truth about the Federal Reserve is that it's a dangerous, insidious socialist tool.
Rather than allowing free markets to function as a "clearing mechanism" that rewards success and punishes failure, the Fed fosters underdevelopment 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.
I'm sick of the Fed and their control over the U.S. Congress, the American economy, and the world order.
It's about time the American public revolted against the Fed and our pandering Congressmen who pimp for it, abrogated their Constitutional duties to it, and get rich off it, all the while pretending they control it and it's some kind of Constitutional safeguard.
The Untold Story About The Federal Reserve
You see, the Fed was the brainchild of a bunch of the world's most powerful bankers and a few greedy U.S. Congressmen who were not surprisingly in the employ of banker backers.
The history of the Fed is a fascinating story about American politics and power-broking bankers.
The undisputed truth about the creation and mandate of the Federal Reserve System is laid bare, beautifully I might add, in G. Edward Griffin's The Creature from Jekyll Island.
I thought I knew a lot about the Fed, and it turns out I do. But there is so much more that I didn't know, and it's all laid out in the book, with all the accompanying references and proof.
It chilled me to my very core…
I'd been meaning to read the book for at least ten years, but somehow never got around to it. It was you, several of you, who read this blog who kept telling me to read it.
Well, I did, and there's a part of me that's sorry I did. Nonetheless, I thank you; you know who you are, for keeping on me to read it cover to cover. I owe you.
If the assignation of JFK was the end of the age of innocence, the end of Camelot, reading The Creature from Jekyll Island will end all your illusions about banks and governments, forever.
Please read the book and tell everyone you know to read it, and make sure they do.
If you want to know how banks control Congress, read the book.
If you want to know how banks control you, read the book. If you want to know how banks use the Fed to protect themselves, buy legislators, finance dictators, subjugate foreign countries and make their banker masters filthy rich in the process, read the book.
If you want to know who killed JFK, read the book.
Once you've read the book, nothing will ever be as it was. You will know things you never dreamed were happening.
You will understand why things are the way they are. And, most importantly, you will be able to see into the future because what's happening in the world is planned. It's part of a plan to make money. It's always about money
Forget power. Power is nothing but a means to acquire money. Money is the prime motivator.
You know it. You see it every day. How else is it possible that a lot of (literally) criminals get into Congress with no money, but have to spend millions to get elected (guess where it comes from?) and come out of the other side multimillionaires?
You and I would have a very hard time turning about $175,000 a year after as little as four years into about $7.5 million, about the average net worth of Congressmen and women when they stop serving the public.
I just want to vomit.
Anyway, I'm bringing all this up because I just read the FDIC's Quarterly Banking Profile.
And wouldn't you know it, the banks are flush again. Gee, I wonder how that happened?
Seems like just yesterday they were all insolvent.
Oh, they were. That is until the Fed propped them up, coddled them, protected them and liquefied them with manna from heaven. That would be printed money and quantitative easing par infinitum.
How does the Fed promote socialism, why does it promote socialism? Think about it.
What's so destructive about the Fed is that it can only serve its banker masters, who readily lend to umpteen insolvent governments (including our own) and get paid back in spades one way or another, if they lend so much that the only way to ever get paid back is to socialize countries so their collective debt is the responsibility of all its citizens.
Socialism is a slave-making system. There are no physical chains, but there sure are economic chains. Ask the Greeks. Better yet, look in the mirror and ask our President and Congress, ask them about the Fed, ask them…WTF?
I'll be writing about the Banking Quarterly Profile, what's in it, and what it really means in MoneyMorning on Tuesday. You won't want to miss it.
Next week, I'll also have more on exactly what the Fed does, and what makes them so insidious. So stay tuned.
Related Articles and News:
- Money Morning:
With the Fed Out of "Bullets," A Stock Market Crash Will Really Hurt - Money Morning:
Thanks to the Fed, It's All Proceeding According to "The Plan" - Money Morning:
The Stage Has Been Set For Another Credit Crisis - Money Morning:
It Looks Like the Market Is Saying "OMG"
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.
You are so right – but how do we get out from under it's control?
I have known of what the fed res is about had my open your eyes man talk with a man who has been saying the fed is bad and they will in slave the people of the united States. At first I was he is a nut but after reading and learning the fed has been a lie since the beginning Even choosing a name to fool the public into thinking it belonged to the US and Kennedy new about it and was going to pay the debt off and drop the fed and go back to our own money. I hope we default with the reserve it will be crazy for a few months or even year to get things stable but it needs to happen now not next week.
The sad thing is that Americans by and large have their heads in the sand.
It's like a mobster movie
I have yet to read that book. Thanks for prompting me to do so, Claude
Sorry Shah, but even after reading the Creature, you got it backwards. It's not about money, but power! Over everything. Money in terms of the dollar means nothing to people who can already print it at will. But as long as we, the slaves, need dollars to buy food, it is a means of CONTROL.
The unit of money is a dollar, euro, yen, pound, etc.
The unit of Power is how many slaves work for you.
A One World Gov't is the goal! A cashless, computerized banking system helps it along! When only bar-coded, RFID-ed "consumers" can buy food and energy, it is the end-game in Control!
The rest is noise, dis-info, lies and deceit.
Gold and silver are the money of non-conforming citizens. That's why von Notthouse (?) became a "terrorist" in court!
Blog That!
Not backwards, Money has always been power ("Give me control over a nation's money, and I care not who makes it's laws".) Mayer Amschel Baur Rothchild States money, thats what we need, States money. Think about it.
Shah,
Great piece, please be wary of retribution from this (Fed) criminal organization.
Clear and concise information without the hype.
Thank you
The saddest part of the feds money chaos is the affect on our ecological system and the distraction it causes from the care and nurturing of life forms that sustain mankind.
THANK YOU FOR THIS! Spot on.
And to anyone who hasn't read it, get busy. Until you have, you really won't know the score.
I am totally interested in finding out how the FED operates and how to get ahead with out losing
all!!
Now why not do a story about Iceland and how they handled the problem?
Found this on RumorMill & is so disturbing. Yes, chosen individuals are pushed on the voters by each political party for us to decide who we want to represent us in D.C. (District of Corruption) by the bankers. The voters really have no choice because they don't have the millions of dollars to run a political campaiign.
Where is the outrage? Need to read this book about Americans who do take a stand against federal tyranny, continual foreign wars & corruption & withdraw from the union that ends up starting the 2nd American Revolution. It's so realistic so I recommend it.
booksbyoliver.com
At least the Internet allows the truth to get out (probably why the U.N. & congress wants to regulate it). Thanks for the great article.
I've seen you on Varney's show…
Good for you !
Bailouts
Bonus
Inflation
…BANKSTERS stealing!!!!
Nothing new here, the rich have always run EVERYTHING for their own profit.
Why would anyone think otherwise?
Do you think you own real estate, your home? Just try not paying your annual taxes (rent) and see how long you get to keep it.
The government owns it all. And the rich own the government.
If that is socialism, then all societies have been socialized since the first rulers extracted taxes/tribute from subjects.
Okay, i didn't think that you would let my last reply get through. But there is a question that you can answer. Does the top 5 or 10 % really understand that they will be included in the coming financial mess. In other countries no one escapes, especially the rich. Money becomes useless if not worthless. It doesn't even have to be a war or revolution. There just has to be a modest collapse of infrastructure and food supply and things get really bad for everyone. Do your friends think they have an escape? Do they have real solutions? I'm asking because, what did Georgie Junior call them? His base! I believe that 'near the top' rich are the only hope. They have to actually take the ultimate risk and push back at the NWO or we can expect the chart lines to run right off the page.
Good article Shah. I would say that the Fed is subversive but that might give them too much credit because during the most recent times they appear to be mindless. Think about all the stupidity behind QE infinity and buying mbs at the rate of $40 billion/mo. That is money your country is hemhorraging and no one has said anything about it yet, except me in my recent letters to members of Congress and I am not even a US citizen. The only voting member with any brains is the sole dissenter, Richard Fisher of the Dallas Fed. Although the tenure of both Greenspan and Bernanke have been abominations, the whole structure of the Fed should be revised and the Federal Reserve Act should be re-written to introduce much greater oversight and accountability. In more recent times, it is the Fed Reserve which was largely responsible for all the unrest in North Africa and beyond, the so-called "Arab Spring". The future is not encouraging because waiting in the wings is Janet Yellen, co-Chair and unfortunately Bernanke's like-minded successor. Woodrow Wilson would probably turn in his grave if he knew the monster he reluctantly signed into law.
It's no different with the ECB, completely corrupt system which will eventually destroy Euro.
Yea the fed is bad. It was never able to work as advertized. didn't end the down side of economic cycles, non of it. The real question is with out every American agreeing to and then paying them the 300k that we all owe or a very bloody and destructive civil war, what do we the American people do about it? When I ask that I am told "Audit the fed" and then revoke their charter. Yea ok, end result pay back the 300k each and enjoy living in the Wiemar republic.
The States have it divest in the federal government as much as they can. Throw off the mandates inposed on everything with in there borders, not take/accept any "free" money and invest pensions only in their state. The federal government has the power because it took it with out resistance. The federal reserve is the same way.
Its time to walk away from it all, the game is over if no one will play.
Thanks walt davis
GOOD STUFF!!-just so happens-I AM reading the–book at present time (before bed time ) and cant find a place stop! all folks who -vote- need read this -and then-things/TAXES /BANKING/AMERICA-WILL BE -CHANGED AND OUR -KIDS -HOPE WILL BE -REAL ! THANKS/BOB
J F K & the Fed…. one of the reasons he was bumped off… read "The Final Judgement" by Michael Collins Piper.
You may also realise what brought on Adolph Hitler's paranoia regarding the Jews..
Thanks very helpful.
I read the Creature From Jekly Island some years ago, it definitly gives real insight into the way things really are. To be realistic I think a chain reaction has been started and fed with corruption, immorality and greed by a group of individuals that we barely know any of thier names or where they even live. Are politicians are easily corrupted when their mindset is engrained with greed and immorality from the society we live in even before they are elected to office. I can not see any way to turn it around. the moral decay is much to great and no immoral people will be free for long. Gods design insures that. If this country is to survive as a free nation all the people have to do is repent and turn to God and they will be blessed as simlpe as that. If as a nation we continue down a path of immorality were screwed!
It ia unbelievable that this story shook you to your core! Incredible! I am now shivering from fright!
Michael Prosser
The main culprets that have bankrupt this country on the backs of all Americans are our illustrious politicians, including this President who is one of the worst offenders. These people have used the collective power of the lesislative body to literally strip Americans of their wealth by systematically over spending by taxing and borrowing way beyond the country's needs. Over the last two decades the Federal Reserve has been the worst offender, even more than our most corrupt politicians because it directly attacked our monetary system. It started with a frontal attack on the underpinnings of strenght of the US dollar. The Federal Reserve started their blitzkrieg by manipulating interest rates instead of letting market conditions work. Greenspan began tweeking rates to achieve certain economic goals, mainly to stimulate consumer spending and continue the expansion that was under way at that time. As a result he systematically destroyed savings in this country by replacing it with rising inflation and paper appreciation. Unfortunately for all those that fell for this trap, the many bubbles it spawned ultimately burst and sevely crillpled the economy, the country and our political system leaving us vulnerable to this current socialist President whose main goal is to complete the carnage of the country. We all see what that has led to as we struggle to free ouselves from this trap. Unfortunately, the foxes are still in the hen house wreakinh havoc!