Daily Truth Pills

Hosea 4:6 My people are destroyed for lack of knowledge…

Posts Tagged ‘private federal reserve’

The American Dream: Founders Warned Against Current Financial System

Posted by truthpills on 2011/05/05

April 15, 2011
Tax Day Special Presentation – The AMERICAN DREAM is a 30 minute animated film that shows you how you’ve been scammed by the most basic elements of our government system. All of us Americans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
Watch the Special Presentation

Posted in Corruption, Economy | Tagged: , | Leave a Comment »

The Federal Reserve Has Failed Miserably

Posted by truthpills on 2010/01/27

Posted by Larry Doyle on January 25, 2010 8:46 AM

How are we to judge the Federal Reserve? The Fed by its very nature has been an opaque institution. What truly goes on behind the closed doors of the Fed? What are the relationships amongst the Fed Chair and Fed governors? How about the relationships between Fed representatives and political operatives?

While volumes have been written about the history of the Fed, to the American public the Federal Reserve remains a mystery. How can we lift the veil on this mysterious institution? Let’s “kiss” the Federal Reserve. What? Oh no, LD, where are you going with this? Let’s plant a big “kiss” on the Fed. That is, keep it simple stupid.

What are the mandates of the Federal Reserve? In the Fed’s own words, the primary mandate of the Federal Reserve from its inception in 1913 has been:

“conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices (LD’s emphasis), and moderate long-term interest rates.”

How is the Federal Reserve doing in pursuit of these stable prices? Thanks to Michael Panzner who, in my interview with him last evening on NQR’s Sense on Cents with Larry Doyle Welcomes Back Michael Panzner, pointed out that the Fed has failed miserably in its pursuit of stable prices. Panzner specifically highlighted that the dollar has lost 95% of its purchasing power since the Federal Reserve was founded in 1913.

I will admit that I found that number shocking! Major high five to a loyal Sense on Cents supporter who listened to last night’s show and then did a little homework of his own to check Panzner’s statement. He wrote to me after the show and provided an interesting link. What do we learn from The Inflation Calculator?

What cost $1000 in 1913 would cost $21520.32 in 2008.
Also, if you were to buy exactly the same products in 2008 and 1913, they would cost you $1000 and $47.10 respectively.

Rest assured, the Fed would spin this number so hard that America would vomit from the motion sickness. The Fed’s excuses may only be rivaled by the nation’s middle school students who lost their homework to the voracious appetite of the family dog.

Regardless of how anybody spins it, a grade of 5 (we’ll round the 4.7 up) is a failure. Are greater failures approaching Zimbabwean magnitude to come?

Might the members of Congress care to question Mr. Bernanke on this? No dog excuses allowed.

Thank you Mr. Panzner for bringing this to our attention. Thank you WB for verification.

What do you think about the Fed now?
Reference

Posted in Corruption | Tagged: , | Leave a Comment »

Spitzer: Federal Reserve is ‘a Ponzi Scheme, an Inside Job’

Posted by truthpills on 2009/07/28

By Daniel Tencer

July 26, 2009 “Raw Story” — The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.

In a wide-ranging discussion of the bank bailouts on MSNBC’s Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt for cash that it gave to the struggling banks.

Spitzer — who built a reputation as “the Sheriff of Wall Street” for his zealous prosecutions of corporate crime as New York’s attorney-general and then resigned as the state’s governor over revelations he had paid for prostitutes — seemed to agree with Ratigan that the bank bailout amounts to “America’s greatest theft and cover-up ever.”
Read the full article

Posted in Corruption | Tagged: , | Leave a Comment »

Rothschild’s Federal Reserve Must Be Abolished

Posted by truthpills on 2009/07/07

Allen L Roland, Ph.D.
The Peoples Voice
July 6, 2009

The history of the Federal Reserve is an ongoing battle between the Banking elite and the people and anyone who gets in the way is usually crushed. Bush and Obama’s top down Wall Street bank bailout, at the expense of Main Street, is a good example of why Rothschild’s Federal Reserve must be audited and eventually abolished: Allen L Roland

The Fed (which is not even a government agency, but rather a private corporation consisting of mostly foreign bankers and answers to no one) dictates America’s financial policies and is the obvious conduit for the banking elite to control the financial world and, in particular, the New World Order.
Read the full article

Posted in Corruption, Economy, New World Order | Tagged: , | Leave a Comment »

New York Fed: Most Powerful Financial Institution You’ve Never Heard Of

Posted by truthpills on 2009/05/13

Eliot Spitzer
Slate
May 12, 2009

The kerfuffle about current New York Federal Reserve Bank Chairman Stephen Friedman’s purchase of some Goldman stock while the Fed was involved in reviewing major decisions about Goldman’s future—well-covered by the Wall Street Journal here and here—raises a fundamental question about Wall Street’s corruption. Just as the millions in AIG bonuses obscured the much more significant issue of the $70 billion-plus in conduit payments authorized by the N.Y. Fed to AIG’s counterparties, the small issue of Friedman’s stock purchase raises very serious issues about the competence and composition of the Federal Reserve of New York, which is the most powerful financial institution most Americans know nothing about.
Read the full article

Posted in Corruption, New World Order | Tagged: , | Leave a Comment »

94 Years of Serfdom

Posted by truthpills on 2009/04/16

By Paul Craig Roberts

April 15, 2009 “Information Clearing House” — -This April 15 is the 94th year that Americans have had to file an income tax. For most Americans, the day is a non-event. The federal and state governments have already collected the taxes due by withholding from each paycheck over the course of the calendar year. Most Americans never saw the money and have no real idea that they earned it.

Some Americans have their incomes over-withheld as a form of forced savings. They look forward to tax time as it means they will receive a refund check from the government that they can use for a summer vacation, a big screen TV, a new appliance, or a down payment on a new car.

Few Americans realize that over the last 94 years they have been enserfed and have no more rights to their own labor than medieval serfs or 19th century slaves.
Read the full article

Posted in Corruption, Government Programs, New World Order | Tagged: , , | Leave a Comment »