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.
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- Money Morning:
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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.