Jefferson's warning about private banks.

[razors edge]

"If the american people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers concurred. The issuing power should be taken from banks and restored to the people, to whom it properly belongs."

[ThomCat]

1. Lincoln warned about corporations.

There are a lot of things happening in this country that we've been warned about.

Though technically, private banks do not control the issue of currency. They just manipulate everything else that has to do with owning or owing anything.

[Mind_your_head]

4. Well ~ who does, in your opinion, control the issue of currency now ?

n/t

[ThomCat]

6. Last I knew, the Dept of the Treasury still controls

the Issue of Currency.

[razors edge]

12. federal reserve controls currency issue.

it neither federal nor a reserve.

[Mind_your_head]

26. Correct. Despite it's name, the Federal Reserve is a totally PRIVATE

entity.

With some of the oldest family names as primary stockholders. (the General public cannot buy into this, btw.....one can only marry into it.....if you're *lucky* ;-)

[razors edge]

32. I'm single,

also ready, willing and able to rape and pillage humanity for my own greed, do I make you horny banky?

:silly:

[Mind_your_head]

33. NO

*see how easy that is to say that*

[razors edge]

34. OK, then can I bake the cake?

And I promise no anthrax this time.:sarcasm:

[FormerDittoHead]

2. Damn commie! n/t

[Ice4Clark]

3. Kennedy tried to change it

In 1963, President John Kennedy wanted an end to the Federal Reserve System, which had a strangle-hold on the United States and virtually the world. By a simple stroke of the pen, President Kennedy dismissed the Federal Reserve System and ordered the U.S. government to restore its Constitutional-mandate of controlling the money. President Kennedy was dead three weeks later. When President Lyndon Johnson took office, he immediately rescinded Kennedy's order and the Federal Reserve won another round.

[davidinalameda]

5. maybe it was the bankers who had Kennedy killed

[Selatius]

9. We don't know that.

JFK pissed off a lot of interests. He had opponents in the FBI, the CIA, and the mob in addition to the bankers.

Pick your suspect. The fact is all of them had something to gain when JFK was murdered.

[razors edge]

13. yet those other interests were all

paid in federal reserve notes. so regardless of any cia, fbi, or mob interests outside the issue of currency, they all still had one unifying interest, yes?

[alfredo]

7. There was Jefferson quote about not trusting the tradesman

because they have no loyalty to country. I know he has several quotes on that subject, but one was so perfect. I wish I could find it.

[Sherman A1]

8. try brainyquotes.com

[alfredo]

22. thanks. The quote was about the tradesman being a bigger

threat than external enemies.

this isn't the one, but it is close:

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.
Thomas Jefferson

[slaveplanet]

10. The problem with the private banking

system controlling money supply is this.

Say you ask your father to loan you $100, when he loans it to you there is a debit somewhere, whether he accounts for one or not. It is not a loan, it is a money transfer.

Greatly simplified, When you go to the bank to loan you $100, there is no debit from any depositor's account. It is therefore created. It is debited though. So on the books the bank claims there was $100 created, but that's not the catch, The bank also claims that $15(or whatever) in interest was created , but in reality it isn't, they only created the PRINCIPAL. You never recieved any $15 in addition to your $100.
Therein lay the ponzi scheme, In public life money can only be transferred not created, you can never pay back $115 if only $100 was created...this is how the debt bubble piles up. They can only keep the scheme going for so long until the bubble bursts. Burst it did in 1929 when the bubble was 270% of the GDP. Right now the debt bubble is 300% of the GDP, it is more than we as a collective country can bear. The only thing keeping it afloat is that the rest of the world is enabling it to be afloat. That could change at any time.

Under the DEBT MONEY SYSTEM, when the money supply is expanded by "X", the debt is simultaneously expanded by ("X" plus "Y")...where "Y" is the INTEREST charged on loans. Because ("X" plus "Y") is greater than "X", THE DEBT CAN NEVER BE PAID. This brings us to the Old International Bankers, Trick wherein the Money Supply is expanded greatly in a short period of time. This produces a temporary illusion of prosperity - just like in the "Roaring 20s" when Stocks and Real Estate soared.

Now the trap is set because "X" plus "Y" is greater than "X", so within the money expansion phase there is an inherent DEFLATIONARY TICKING TIME BOMB.

All the International Bankers have to do once the trap is set is to call the loans in, and THE TRAP SPRINGS SHUT.

That,s why the Roaring 20s were followed by the GREAT DEPRESSION. Loans were called in and THE MONEY SUPPLY WAS CONTRACTED VIOLENTLY and STOCKS and REAL ESTATE CRASHED.

We have already had the money expansion phase in DEBT BUBBLE #2.

Crash is inevitable with the present private reserve system, the only question is when and how massive the damage will be.

[razors edge]

14. excellent breakdown,

have you seen the only member of congress to address the situation in our lifetime do so?

http://video.google.com/videoplay?docid=-8327695139643041382&q=9%2F11+press+for+truth&hl=en

sadly it is not one of ours, but then again he really isn't one of theirs either.

[slaveplanet]

16. No haven't seen it

but let me take a guess...is it DR. Ron Paul?

[razors edge]

18. yep, on edit:

not that i agree with his philosophy or anything like that, but he does describe how we got to where we are in a way most can appreciate.

[Toucano]

19. Interesting.

Can you explain the alternative or provide a reference so that I can learn more?

Thank you.

[razors edge]

24. In a nutshell

Ron Paul breaks it down here:http://video.google.com/videoplay?docid=-8327695139643041382&q=9%2F11+press+for+truth&hl=en

Once again not any kind of endosment, but credit where credit is due. (pardon the puns)

[Toucano]

25. Thank you.

I found the text too, since I can't really watch video.

http://www.house.gov/paul/congrec/congrec2006/cr021506.htm

[razors edge]

28. video is just him on the house floor

the text will give a decent review.

[conscious evolution]

38. A recent Robert Hienlien book

talks about this.He gives a chessboard/monopoply money 'game'that lays it all out.
I only wish I could remember the name of the damn book.

[Selatius]

11. Samuel Adams' critique was broader and probably harsher

"If ye love wealth greater than liberty, the tranquility of servitude
greater than the animating contest for freedom, go home from us
in peace. We seek not your counsel, nor your arms. Crouch down
and lick the hand that feeds you; May your chains set lightly upon
you, and may posterity forget that ye were our countrymen."

[razors edge]

15. If I am not mistaken,

Sam was talking about the upcoming revolution and the overwhelming majority of american residents who did not support a revolution against the system they were living under. His words transcend to cover this issue as well as those we will most likely face ourselves.

[rug]

17. For a minute I thought you were talking about William Jefferson's freezer.

[razors edge]

21. LOL

See what the feds do when you try a little end run on starting your own bank.

[Rex]

20. Not just the banks, ccc, mega-corporations and lobbyists.

All three (not lobbyists, they always work against the people) have the majorities best interests at heart, but work against the individual as a cornerstone of their business.

Now corporations have the right to take away the land from under our feet if it can prove to a judge they can make a profit over the total value of the lot. Homeless? No you get money for the land, but no one asked you or gave you any choice in the matter.

Money is the root of all evil.

[razors edge]

23. and just as KO pointed out...

we have only the third amendment left intact. Quartering troops in our homes. Well not if bush contends he can produce more tax revenue from Black Water Mercs setting up shop there. But then again after immanent domain takes your land then you really argue that point either now can you?

[cui bono]

27. But the Third Ammendment doesn't matter since SCOTUS passed Eminent Domain

They can take away your home whenever they want.

[razors edge]

31. That was kinda my point

technicaly you are not boarding troops if you no longer own the property.

[cui bono]

39. Oh, duh. Sorry, I must've skipped over your last sentence. lol. =)

[Ice4Clark]

29. These words ring true today!

"The growth of the nation ... and all our activities are in the hands of a few men ... We have come to be one of the worst ruled; one of the most completely controlled and dominated governments in the civilized world ... no longer a government of free opinion, no longer a government by conviction and the free vote of the majority, but a government by the opinion and duress of a small group of dominant men."

This was spoken three years after the initiation of the Federal Reserve by the very man who signed the Federal Reserve Act, Woodrow Wilson. A group of bankers funded and staffed his campaign for President and their payback was that he would sign this act.

[razors edge]

30. He also apologized

for what its worth now.

:shrug:

[razors edge]

35. three hours latter

he notices he misspelled conquered, badly, time for another beer.

[IndyOp]

36. The Money Masters...

Frequently Asked Questions
http://www.themoneymasters.com/faq.htm

[Monk06]

37. The US is the only country in the world where the national currency supply

is controlled by international financial corporations.

Except for countries that are on the tab to the WMF
which is the same thing as the US Fed when you think
about it.

In terms of monetary policy the US is less well off than
Argentina. At least Argentina can tell the WMF to take
a hike. US citizens have to kiss both the ring and the
ass of the latest Fed chairman.

Presently that means the eminently incompetent Bernanke.
Who is also the chairman of the ironically named Open
Market Fund.

[rman]

41. All governments lend their money from banks, to be payed back

at interest.
Suppose a government would manage its own currency - then would it lend to itself and pay back at interest to itself? Would not make much sense, would it.
Just the very fact of lending and paying interest implies those banks are not government institutions.
And these large banks coordinate their business with one another; these are international financial corporations and they do control all or virtually all national currency supplies.

[atfqn]

40. The founding fathers also warned against fiat money.

Article 1, Section 10 of the US Constitution says:

"No state shall make anything but gold and silver coin a tender in payment of debts..."