The Banking Industry And You

This site/movie Zeitgeist is one of the best for spelling things out for us lay people. However, if you would rather keep your head in the sand, DON’T WATCH IT! I warn you, it will change your life.

The site is updated periodically and so I go back and visit it now and again. I noticed they have updated it yet again and so watched it again. With what is happening in the banking industry today it is particularly important right now to know what is going on and how to deal with it. Today I’ll give you part 1, the history of the Federal Reserve Bank.

As I did with Aaron Russon’s Freedom to Fascism I decided to do an excerpt from the movie and share it with you here. So, I bring you a piece of Zeitgeist!

If you want to remain slaves of the bankers and pay for the costs of your own slavery, Let them continue to create money and control the Nation’s credit!

Sir Josiah Stamp 1880 – 1941

Early in the 20th century the US had implemented and removed a few Central Banking systems which were put into place by ruthless banking interests. By name these dominant families were:

J. D. Rockefeller
J. P. Morgan
Paul Warburg
Baron Rothschild

In order to get their Central Bank, (U.S. Federal Reserve Bank), legislation passed in early 1900, J. P. Morgan released rumors that a popular NY bank was bankrupt. They knew that the Government and the People were suspicious of Central Banks, so they manufactured notices that the bank was insolvent. J. P. Morgan, [as in J.P. Morgan Chase banking today] using his influence to grab the American People, knew that it would create mass hysteria and effect other banks.

The Morgan interests took advantage… to precipitate the panic [of 1907] guiding it shrewdly as it progressed.”

Frederik Allen from Life Magazine, “The panic led to an investigation led by Senator Nelson Aldrich who had ties to banking cartels and later married into the Rockefeller family. He recommended that a Central Bank should be implemented so there would be no repeat!

1910- Secret meeting at J.P.Morgan’s estate on Jekyll Island was held and the Bill entitled “Federal Reserve Act” was written–BY BANKERS! NOT LAW MAKERS. The meeting was so secret that false identities were used during the trip to the Island. Aldrich pushed it through Congress. Because of the Bankers, Woodrow Wilson became President. The reason? President Wilson had already agreed to sign the Federal Reserve Amendment! The Federal Reserve Amendment was voted in 2 days before Christmas, when most of the Congress was absent!!!!

Woodrow Wilson later regretted signing the Federal Reserve Act and wrote,

[Our] great industrial Nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the Nation, therefore, and all our activities are in the hands of a few men… who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.

We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world- no government by free opinion, no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of small groups of dominant men.”

Louis McFadden wrote:

A world banking system was being set up here… a superstate controlled by international bankers… acting together to enslave the world for their own pleasure. The Fed has usurped the Government.”

The public was told that the Federal Reserve System was an economic stabilizer and that inflation and economic crises were a thing of the past. From 1914-1919 the Fed increased the money supply by loaning it at interest. In 1920 the Fed called in the debts, small banks needed more loans leading to almost the exact same scenario as 1907. Something that WASN’T supposed to happen again but was PLANNED.

Congressman Charles Lindberg, “Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figure a mathematical equation.

1921-1929 Led to a 62% increase in the economy because of such things as the Margin Loan. Because of this in the stock market buying 10% gives you 100% of the stock. A 24-hour Margin Call can be called in at any time. This means that 90% of the stock must be sold with the loan if the Margin is Called. A few months before October 1929, insiders quietly exited the market. (J.P. Morgan, Rockerfeller, Warburg and Rothchild) On October 24th, 1929 Margin Calls began en-mass. Massive sales collapsed 16,000 banks. The greatest robbery in American History!.

Instead of increasing the money supply the Federal Reserve Bank contracted it, fueling the greatest depression in American history!

McFadden began bringing in Impeachment hearings against the Federal Reserve Board and said, “It was a carefully contrived occurrence. International bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all.” DOES ANYONE SEE THE SIMILARITIES BETWEEN WHAT HAPPENED THEN AND NOW?

McFadden was poisoned at a banquet following two previous attempts at assassination on his life before he could push through Impeachment!!!!!

Federal Reserve Bankers decided that the Gold Standard should be removed. In order to do this, they needed to acquire the remaining gold in the system. So, under the pretense of helping to end the Depression came the 1933 Gold Seizure.

Under the threat of imprisonment for 10 years, everyone was required to turn in all gold bullion to the treasury, essentially robbing the public of what little wealth they had left.

At the end of 1933, the Gold Standard was abolished.

If you look at a dollar bill before 1933 it says that it is redeemable in Gold. If you look at a dollar bill today it says it is legal tender, which means it is backed by absolutely nothing, it is worthless paper! The only thing that gives our money value is how much of it is in circulation. Therefore, the power to regulate the money supply is also the power to bring entire societies and economies to its knees.

31164453_lxgold-seizure-article.jpg

Under Executive Order of the President :
all persons are required to deliver ON OR BEFORE MAY 1, 1933 all GOLD COIN, GOLD BULLION, AND GOLD CERTIFICATES now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.

mayer-amschel-rothschild_583623.jpg
Give me control of the Nations Money supply, and I care not who makes its laws.” by Mayor Amschel Rothschild Founder of Rothschild Banking Dynasty.

Federal Reserve
Private Corporation
Makes its own policies

Money is loaned at interest.

Federal Income Tax was also pushed in 1913 and is also unconstitutional. All taxes have to be APPORTIONED according to the Constitution (AMENDMENT 16) income tax is NOT! The income tax amendment was NEVER ratified by the correct number of States.

“If you…examined [the 16th Amendment] carefully, you would find that a sufficient number of States never ratified that Amendment.” said by U.S. District Court Justice James C. Fox in 2003

Roughly 25% [3 months worth] of a workers’ income is taxed and goes to pay the interest that the Federal Reserve Bank has given and goes directly into THEIR POCKETS! IT DOESN’T GO TO PAY FOR THE NATIONAL DEBT!!! There is NO LAW that makes us pay Income Tax. Let me leave you with this one more Quote from Ben Bernanke:

Ben Bernanke, the now current Chairman of the Federal Reserve, later acknowledged that Friedman was right to blame the Federal Reserve for the Great Depression, saying on Nov. 8, 2002:

“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” [8]

END PART 1

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~ by justmytruth on March 21, 2008.

2 Responses to “The Banking Industry And You”

  1. Zeitgeist has many valid points, but, unfortunately, also a few errors. Some information has been taken out of context, for example the quote from the Life Magazine:

    Did Morgan Precipitate the Panic?

    Oakleigh Thorne, the president of that particular trust company, testified later before a congressional committee that his bank had been subjected to only moderate withdrawals on Tuesday ($11/2 million, as against $13 million on Wednesday), that he had not applied for help, and that it was the “ore point” statement alone that had cused the run on his bank. From this testimony, plus the refusal of Morgan to help the Knickerbocker, plus the disciplinary measures taken by the Clearing House against the Heinze, Morse and Thomas banks, plus other fragments of supposedly pertinent evidence (even including Bishop Lawrence’s account of Morgan’s cheerful singing in the dining ear on Sunday morning), certain chroniclers have arrived at the ingenious conclusion that the Morgan interests took advantage of the unsettled conditions during the autumn of 1907 to precipitate the panic, guiding it shrewdly as it progressed so that it would kill off rival banks and consolidate the pre-eminence of the banks within the Morgan orbit. To this hypothesis the most obvious answer, given over and over again by bankers, is that no banker in his senses encourages a bank panic. That would be like dropping a match in a powder keg: he would be to likely to go up in the explosion himself.

  2. And I suppose you are one of those that believe Gheitner when he says he had no idea what was going on and yet Senate testimony has nailed him repeatedly for lying? Oh well, to each their own opinion. Personally I’ve watched the lying little pipsqueak squirming under scathing rebuttal by Senators. I like that much better…

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