7 reasons to abolish the Federal Reserve System
“The Federal Reserve System is not federal and there are no reserves. Further more, the Federal Reserve Banks are not even banks.” - G. Edward Griffin
Ignoring this article will cost you much more than just money!!!
I assure you that what you are reading are not “Conspiracy Theories” they are just pure facts “hidden” from the public. In fact, I'm putting together this article inspired by the great book: “The Creature from Jekyll Island” (which most of the information is coming from) by G. Edward Griffin, through which I learned things that need to be known. A book that everybody should read.
“The Federal Reserve is one of the most dangerous creatures ever to stalk our land.” - G. Edward Griffin “If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately. It is a system that was designed by international bankers for the benefit of international bankers and it is systematically impoverishing the American people.” - Michael Snyder
Let's dig right into it:
Reason 1 THE FEDERAL RESERVE SYSTEM IS INCAPABLE OF ACCOMPLISHING ITS STATED OBJECTIVES “The Federal Reserve System is a legal private monopoly of the money supply operated for the benefit of the few under the guide of protecting and promoting the public interest. […] Why is the System incapable of achieving its stated objective? (Which is: to stabilize our economy.) The painful answer is: those were never its true objectives.” - G. Edward Griffin Here are the real ones: “I – Stop the competition from the nation's newer banks. II – Obtain a franchise to create money out of nothing for the purpose of lending. III – Get control of the reserves of all banks so that the more reckless ones would not be exposed to currency drains and bank runs. IV – Get the taxpayers to pick up the cartel's inevitable losses. V - Convince Congress that the purpose was to protect the public.” - G. Edward Griffin
Reason 2 THE FEDERAL RESERVE SYSTEM IS A CARTEL OPERATING AGAINST THE PUBLIC INTEREST “The Federal Reserve System's primary objective was to involve the federal government as an agent for shifting the inevitable losses from the owners of those banks to the taxpayers. [...] This is done under the argument that, if these corporations or banks are allowed to fail, the nation would suffer from vast unemployment and economic disruption.” - G. Edward Griffin By not letting us (the open market, the FREE market) suffer, they are making the future fall even more steep and dangerous for us, since their “failure” is just postponed. With this approach banks are killing the FREE market and growing their monopoly! “The end result of this policy is that the banks have little motive to be cautious and are protected against the effect of their own folly. The larger the loan, the better it is, because it will produce the greatest amount of profit with the least amount of effort.” - G. Edward Griffin
“Large banks are safe regardless of how fraudulently they are managed. […] In October 2008, Congress passed a $700 billion bailout bill to save the largest banks in the nation, all of which were tottering on the edge of bankruptcy. Congressmen who voted for this had received 54% more in donations from banks than those who voted against it.” That bailout that ended up being of about $5 trillion “represents an additional $16,500 in lost savings and purchasing power for every American.” - That's a clear example of “confiscation of wealth through” the hidden tax we call: “inflation.” - G. Edward Griffin
Reason 3 THE FEDERAL RESERVE SYSTEM IS AN INSTRUMENT OF TOTALITARIANISM “The reality of government disruption of the free market cannot be overemphasized, for it is at the heart of our present and future crisis. [...] One would normally expect dozens of politicians to be calling for a large-scale investigation of the ongoing disaster, but there is hardly a peep. The reason becomes obvious when one realizes that savings-and-loan associations, banks, and other federally regulated institutions are heavy contributors to the election campaigns of those who write the regulatory laws. [...] The saving-and-loan industry (…) could not function without the Congress standing by to push unlimited amounts of money into it. And Congress could not do that without the banking cartel called the Federal Reserve System standing by as the “lender of last resort” to create money out of nothing for Congress to borrow.” The scenario gets even worse when we discover that “through a complex tangle of banks loans, subsidies, and grants, the Federal Reserve is becoming the “lender of last resort” for virtually the entire planet. [...] The goal of the organizations (IMF and World Bank) is to create a world currency, a world central bank, and a mechanism to control the economies of all nations. In order for these things to happen, The United States would of necessity have to surrender its dominant position. In fact, it would have to be reduced to just one part of the collective whole. [...] The method by which world socialism was to be established was to use the World Bank to transfer money – disguised as loans – to the governments of the underdeveloped countries and to do so in such a way as to insure the demise of free enterprise.” - G. Edward Griffin
Reason 4 THE FEDERAL RESERVE SYSTEM GENERATES OUR MOST UNFAIR TAX
“Our money today has no gold or silver behind it whatsoever. It is pure fiat money.” - G. Edward Griffin “In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper. Deposits are merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face amount.” - from a booklet entitled: “Modern Money Mechanism” by the Federal Reserve Bank of Chicago. [...] It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services.” This gets even worse when we come to understand that “there is virtually no limit to the amount of fiat money that can be manufactured under the present system.” The unfair tax it generates is INFLATION!
Reason 5 THE FEDERAL RESERVE SYSTEM ENCOURAGES WAR
To fully understand this fifth reason I strongly encourage you to read the book: “The Creature from Jekyll Island” in which the Author G. Edward Griffin reports historical facts not very well disclosed by the poor school system we can count on. ...keep in mind: “Those who are ignorant of history are doomed to repeat its mistakes! [...]
Without the ability to create fiat money, most modern wars simply would not have occurred.” - G. Edward Griffin
Reason 6 THE FEDERAL RESERVE DESTABILIZES THE ECONOMY
Being a Cartel the Central Bank has the sole purpose to eliminate competition! “Americans would never have accepted the Federal Reserve System if they had known that it was half cartel and half central bank. [...] “The Federal Reserve marked the appearance of the government as partner with private bankers and as the enforcer of their cartel agreement.” - G. Edward Griffin “Ever since the Civil War, Congress has allowed the bankers to completely control financial legislation.” - Congressman Lindbergh Strong of this “connections” the Federal Reserve System does not protect the public interest! It does not temper, neither avoids busts and booms of the “free market” (which sadly does not exist anymore): it creates them! It does that for the sole benefit of the few who control The Creature!
Reason 7 THE FEDERAL RESERVE IS THE SUPREME INSTRUMENT OF USURY “Every dollar of our currency and checkbook money was created by the act of lending. If all debt were repaid, our entire money supply would vanish back into the inkwells and computers. The national is debt is the principal foundation upon which money is created for private debt. To pay off or even greatly reduce the national debt would cripple our monetary system […] even if surplus funds were available in the Treasury. The Federal Reserve System, therefore, has virtually locked our nation into perpetual debt.” - G. Edward Griffin
WHAT CAN YOU DO ABOUT ALL THIS FOR YOURSELF, YOUR FAMILY AND OTHERS? Get informed!!! All I shared in this article comes mainly from the book: “The Creature from Jekyll Island”, I am not an expert in this topic, I just find this topic of great importance and I believe it is worth my time sharing it with as many people as possible. Learn as many facts as you can about this huge scam that's threatening our way of living, and our very freedom in a subtle and more realistic way than ever! Share what you know! The more people awake to the understanding of the scam we are chained to, the more we can do to change it! - We are not free: debts are the chains through which we are enslaved. We have to learn how it works so that we can handle it and free ourselves from it. There are even more practical ways to take action, just think about this: “Unlike paper money, gold represents real value and true worth. It is the coin of honest man.” - G. Edward Griffin Learn about precious metals and their use. I am personally NO expert in this field but here are a few I listen to and learn from: - Peter Schiff: "The Peter Schiff Show" (Podcast) and: "Peter Schiff Blog"
- Robert T. Kiyosaki, here is one his many videos: "Should I Buy Silver Or Gold?" - Mike Maloney by whom I particularly liked the series: "Hidden Secrets of Money" - ...and another book I enjoyed reading: "Stack Silver Get Gold", by Hunter Riley III (of which you'll find a direct link on the right.) What my wife and I specialize in is Real Estate. We do invest in Real Estate since 2009 in Italy and since 2011 in Florida USA. I don't want to call ourselves “experts” even in this field because of our young age and the “few” years of experience but we do know more and have more experience than the average investor and we do work with very seasoned investors who have been helping sellers for decades! Personally we specialize in “customized” solutions for home-sellers who are in any kind of trouble with the financing or the taxes of their properties. Our goal is to help people first and gain later! We don't provide any sort of legal or financial advice: we buy properties in creative ways to adapt to all needs. Remember: "Knowledge is power" ...only when applied. If you think this information is important for people to know start by sharing this post.
