Money. Part 6.

Go Away Federal Reserve System!
Go Away Federal Reserve System! (Photo credit: r0b0r0b)

June 12, 2013 by Jerry Alatalo

The internet has played, and will continue to play, an essential role in the sharing of important information by everyone on the planet. Do not allow any regulations proposed by governments to restrict in any way this tool called the internet. Consider why anyone would want to restrict the communicating of ideas. Ideas are exactly what the human race needs at this time to come together and solve our problems. Do not take anything for granted. Do not be scared; fear will do no good at this time. Nothing but a change in consciousness is needed now.

When Jesus said, “What you do to the least among these, you do to me” he was speaking truth. See all the suffering brothers and sisters on the planet now. Grasp the real world situation and take strong, positive action to make the world situation better for all of our brothers and sisters everywhere.

A historical perspective is added through reading the words of New York City Mayor John F. Hylan (1868-1936). John Hylan was Mayor of New York from 1918-1925 and he said in 1922:

“The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self-created system. At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie (n. an intimate and often exclusive group of persons with a unifying or common interest or purpose) of powerful international bankers virtually runs the United States government for their own selfish purposes. They practically control both political parties, write political platforms, make catspaws of party leaders, use the leading men of private organizations and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business. These international bankers and Rockefeller-Standard Oil control the majority of newspapers and magazines in this country. They use the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.”

What has really changed since the days of John Hylan? Fortunately the means of communication, namely the internet, have allowed for a larger dissemination of truth.

It is finally time for humanity to break the chains of the debt-money systems. Something is very wrong when we have all the abundance the Creator and Mother Earth has given us yet we have immense human suffering. When two friends have a few beers they describe what occurred as “we solved all the world’s problems.” Well the time has arrived where we as humanity will solve all the world’s problems. The joint strengths, talents, ingenuity and efforts of the human race are more powerful than all the problems we face. The main ingredient of our success here on Earth is love. With love as the most important consideration when any action needed, the future becomes unlimited.

Texas Congressman Wright Patman (1893-1976) sat on the house committee on banking and currency for 40 years, chairing the committee from 1965-75. In 1941 he said:

“When our federal government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the federal government borrowing the use of its own money… The constitution of the United States does not give the banks the power to create money. The constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.”

Patman introduced legislation during twenty of his years in Congress to repeal the Federal Reserve act of 1913.

French economist Maurice Allais (1911-2010) said:

“In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the ‘cancer’ that’s irretrievably eroding market economies of private property. In essence, the present creation of money, out of nothing by the banking system, is similar – I do not hesitate to say it in order to make people clearly realize what is at stake here – to the creation of money by counterfeiters, so rightly condemned by law.”

Needed is the end of fractional reserve banking and the beginning of 100% reserve requirements of lenders, along with the end of private central bank monetary control.

1976 Nobel Prize winner for economics Milton Friedman (1912-2006) had something to say about monetary policy:

“The stock of money, prices and output was decidedly more unstable after the establishment of the (Federal) Reserve system than before. The most dramatic period of instability in output was, of course, the period between the two wars, which include the severe (monetary) contractions of 1920-21, 1929-33 and 1937-38. No other 20 year period in American history contains as many as three such severe contractions. The evidence persuades me that at least a third of the price rise during and just after world war one is attributable to the establishment of the Federal Reserve system… And that the severity of each of the major contractions is directly attributable to acts of commission by the Reserve authorities. Any system which gives so much power and so much discretion to a few men, (so) that mistakes-excusable or not-can have such far-reaching effects, is a bad system…”
“… It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic-this is the key political argument against an independent central bank. To paraphrase Clemenceau, money is much too serious a matter to be left to the central bankers.”

Friedman also thought the great depression came about because of the actions of the Federal Reserve. Friedman said:

“The Federal Reserve definitely caused the great depression by contracting the amount of money in circulation by one-third from 1929-33.”

Two thirds of the planet is in debt. Countries that are in debt must seek investment to increase exports for debt repayment. John Perkins, mentioned elsewhere in these writings, was an economic hit man who enticed world leaders whose countries contained valuable resources coveted by transnational corporations to accept large loans from the World Bank and International Monetary Fund for infrastructure projects. This was a form of debt trap for the people of those countries.

Those who stood up for their nation’s independence and ownership of their natural resources many times became victims of assassination or overthrow by coups. This information needs to be understood by people to put an end to the practice and hold those responsible accountable for their crimes.

The leaders who took the loans and the financial elites of the country would get fabulously wealthy while the less fortunate must accept austerity measures to pay back the World Bank and IMF loans. This debt trap scenario practiced by international banks has been going on for too long. The people of each particular country see the plunder of their country’s wealth and suffering lower standards of living in the process. The people of these countries do not want transnational corporations in their land. They, just as all human beings, simply want to live a happy, healthy life. Think about why almost every country on Earth is in debt. It is this historical, wicked, economic game which is coming to an end.

As the economic crises has engulfed almost the entire world there are more calls for a worldwide strategy to bring solutions. How about a worldwide cable television station for the sharing of all the diverse economic opinions and options available for the human race to watch? Think outside the box. Why could not a project similar to this become a reality?

At this point you will find channels on popular systems like “the knitting channel” or hundreds of music channels. Perhaps a few of the redundant channels could be replaced by information channels dealing with the most important issues facing humanity. What is wrong with the people of the planet knowing what is occurring that effects their lives? We are simply making the point here that those who own the major media in the world have a vested interest in not allowing real information getting to the populace.

We have in these writings given you some information that is uncomfortable as it deals with somewhat unpleasant, difficult issues. Keep in mind that all you need is to stay honest with yourself and others while rejecting anything having to do with greed and hate. We hope that you keep love for others, your families and yourself as the guide when going forward with your life.

When more and more people allow love to rule over every thought then we the people of Earth will be well on our way to establishing a fair, just world for all people.

President Franklin Roosevelt on the monetary fight:

“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government ever since the days of Andrew Jackson-and I am not excepting the administration of Woodrow Wilson. The country is going through a repetition of Jackson’s fight with the bank of the United States – only on a far bigger and broader basis.”
Once again thank God for the internet. Do not allow for any restrictions on this extraordinary means of communication for humanity.

We come across such information and we wonder how and why this situation came about. Our personal philosophies change. The inevitable confusion sets in about the set of beliefs we have adopted to as we go through time. What are we doing with our lifetimes and why are we choosing what we choose? Are we hypnotically accepting society’s ideals of what success and happiness are or are we exploring fully all the different ways that men and women throughout history have attempted to explain the human condition? Or do we attempt to create original thought as a new way?

Since President Andrew Jackson gave his farewell address in 1837 the American people and humanity have been robbed through the Federal Reserve/private control of money. If the private banks suffer financial losses, the taxpayer pays for the bailouts. The taxpayers absorb those losses. The private banks, when they realize profits, keep those profits.

The American people along with the people of the world must demand that the control of money be taken from private hands and placed in the hands of governments and the people.

Time and again world history has shown that private control of monetary systems leads to plutocracy or government by the wealthy.

The world’s nations must all become the controllers of their currencies. This would end all the corruption, fraud and abuse practiced throughout history by private financial corporations. All the complex financial products, often used for fraudulent purposes, shall be examined, kept if a benefit for humanity, or banned if no benefits will be realized for the people.