The Federal Reserve Act Shows How Privately Held Companies Harm American Public Interests

Staff Writer, R. Patrick Chapman

Government / Federal Reserve Act
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How the Sixty-Third Congress. Session II. Chapters 4-6: The Federal Reserve Act - Dec. 23, 1913 document shows how the Federal Reserve was already plotting the demise the US Dollar before the Great Depression:

Federal Reserve Act

Elastic currency -- Elastic currency is currency the volume of which would be regulated automatically by the demands of business.  Can you say Qualitative Easing?

Rediscounting Commercial Paper -- An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities. Maturities on commercial paper rarely range any longer than 270 days. The debt is usually issued at a discount, reflecting prevailing market interest rates. Can you say Stock Market gambling with the dollar without the need of that pesky SEC? 

How the dollar has been devalued as commercial paper:

How much lower is today's dollar value? In 1913 you could buy as much with a dollar as you can with $23.63 in 2014, more than 100 years later. By 1920, the dollar had lost about half its value, and was worth $11.48 in today's value. Deflation (the opposite of inflation) during the Great Depression of 1929 increased the value of the dollar to $13.43. By 1940, the dollar was worth even more -- it could buy as much as $16.40 could today.

By 1950, the dollar's value had dropped even lower than before the Depression. It was worth only $9.53. It has fallen ever since:
1960 = $7.76
1970 = $5.92
1980 = $2.79
1990 = $1.76
2000 = $1.33
2010 - $1.05.(Source: CPI Inflation Calculator)

Why did we need a private corporation overseeing our monetary system? Because the ploy of problem reaction solution to privatized American interests for a complete takeover of the United States appears to be the goal.

Corporate agents within the government cause havoc and public mistrust in the so-called incompetent government. The people outcry is met with a predetermined solution: private corporations will fix the corruption and return the country to a better way of life. However, corporations do not have the best interest of the People in mind. Corporations have shareholders, stakeholders, and in the case of the Federal Reserve banking system intertwined families. It is all about profit.

For more information, read the VDP Gazette's article:  Who is Running America?

Because it certainly is not the American People.


Source: Congressional Record , Teach Me Finance, Investopedia, About News

The Economics of a Real Life Monopoly Game

Staff Writer, DL Mullan

Economics / Government

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Well the bets are in: it looks like another down turn for the economy after the first of the year according to a Reuters article: 

"There may come a point where the financial markets say none of their debt is credible anymore and they can't finance themselves," Eugene F. Fama, one of the three Americans who won this year's Nobel prize, told Reuters in the snow-covered Swedish capital, where he will receive his prize on Tuesday. "If there is another recession, it is going to be worldwide."

Let me get this straight. The unbacked, fiat currencies the world uses at the behest of global banking syndicates to inflate money, cause devaluation, and create mountains of debt is not credible and unable to finance the world?

Get that Peace Prize out of your ear, a third grader could have told us that. It's called: Monopoly. It's a board game with fake money to pay for cars, land, buildings, and sometimes to get you out of jail. Sound familiar?

It's exactly what has been happening in the world for decades. Some group of disturbed individuals has decided that globalism is the way to go for economics, law, and education. In the 1980's as China was in a recession and Japan was in a deep depression for over a decade, the US seemed impervious to their economic decline.

Thanks to treasonous "Trade Agreements" and "Treaties," the US has seen it's economic powerhouse dissolve into the Wall Street Gambling Casino, To Big To Fail Bank Drug Laundering Establishments, and the Military-Industrial Complex No Bid Contract Schemes.
 

Report: $8.5 trillion unaccounted for by Pentagon; $5.8 billion of supplies lost... and Special Report: The Pentagon's doctored ledgers conceal epic waste from Reuters.
 

In the article, Money Laundering and The Drug Trade: The Role of the Banks. We discover that "HSBC, Western Union, Bank of America, JP Morgan Chase&Co, Citigroup, Wachovia amongst many others have allegedly failed to comply with American anti-money laundering (AML) laws."
  

Viewpoint: How Wall Street Rigs the Game by Time Business and Money stated that:

Also consider where the gambling takes place. In a real casino, it is on a casino floor with cameras all over the place. Even if you don’t like Las Vegas gambling, it is regulated. On Wall Street, by contrast, the gambling can be moved to a darkened room where nothing is recorded, observed or tracked. With opaque unregulated derivatives, there are no cameras. In this smoke-filled room, there is maximum temptation to try to exploit unsophisticated investors and conflicts of interest. And this temptation and lack of transparency are what led to the global financial crisis in 2008.

(Tell the Truth: you thought I was making the news up, didn't you? Sorry, just the facts.)

So the whole wide world with no economic boundaries to stop devastating collapse of monetary systems and nations is unsustainable? Yep, just like sustainability itself. The globe is a giant game of Monopoly to a few elites. With Geitner and other oligarchic cronies pushing other countries to deregulate their banking and housing laws prior to the 2008 collapse, the game was set.

However, unlike the elites, many people could not hedge their bets. People lost their homes, their possessions, and their livelihoods. Everything.

What's worse is that this economic globalist catastrophe was done on purpose. Someone needs to go to jail. Let's rephrase that: Lots of people need to go to jail.

In Monopoly like in this current fascist reality, these criminals keep producing the "Get out of Jail Free" card.

The cure for continued economic duplicity and terrorism: no more adhering to "Trade Agreements" or "Treaties" that do not hold protectionist clauses for America, her workers, or her economic stability. No more gambling of people's money through Wall Street. No more laundering drug money via banks. No more money goes to the Pentagon until someone learns to add and subtract.

It is a very rudimentary formula. Any economist would understand it, even one who has won the Noble Peace Prize. Well so did our President and he kills women and children near daily in other countries via drones. Therefore, little hope can be bestowed on anyone to mitigate the coming economic depression of 2014.

Instead of implementing real solutions, we will praise our American economists for their shiny new toys. Meanwhile back in the states, Americans will have their pensions looted and their homes foreclosed on. It's just another day in AmeriKa.

Don't you wish we could go back to a time before the egomaniacs hell bent on global domination gained control of our nation?


Sources... all of the above.