Fed Fraud and Stock Market Crash Bamboozles Investors

Stock-Markets / Stock Markets 2010
May 09, 2010 - 01:11 PM
By: Steve_Betts

"One of the saddest lessons of history is this: If we've been bamboozled long enough, we tend to reject any evidence of the bamboozle. We're no longer interested in finding out the truth. The bamboozle has captured us. It is simply too painful to acknowledge -- even to ourselves -- that we've been so credulous." --- Carl Sagan

That’s exactly what has happened, the United States government in cahoots with the Federal Reserve and a number of the world’s central banks, conspired to defraud the vast majority of human beings out of their wealth. The fraud began back in 1913 with the creation of the IRS and Federal Reserve, and for decades was confined to the US.

The end of World War II allowed the US to exercise vast control over large parts of Europe and Asia, specifically Japan, and they used the Marshall Plan to enslave the rest of the world. The central banks were of course the key. Who did this? Principally the Rothschild’s, Morgan’s, Du Pont’s, Harriman’s, Stillman’s and Rockefeller’s were the first shareholders but Rothschild was the key. The creation was in response to the devastating 1907 stock market crash that decimated Wall Street but did not affect Main Street all that much.

The excuse was that a central bank was needed to protect America’s wealth. What everyone overlooked at the time was the fact that the United States had become the richest creditor in the world, without a central bank, while it was on a gold standard. You see the US Constitution requires gold and silver coins to act as legal tender in the United States. No fiat currencies were allowed as the Founding Fathers had bad experiences with paper money. This begs the question as to why any successful economy would need a central bank when the then current formula for success had produced such wonderful results. The simple answer is that the changes were never designed to protect American wealth. Instead it was designed to be a transfer agent: the wealth of the many would be handed over to the very select few. What’s more it would take place over decades and the tool of choice would be fiat currency, backed by nothing but a promise to pay. No assets required.

They were so good at their job that in real terms a fiat dollar today buys just one percent of what it bought in 1913. Even more shocking is that under the guidance and wonderful leadership of the US Federal Reserve the US has changed from the largest creditor nation in the world to the largest debtor nation in the world. They were able to get away with this shift because the dollar had long ago been accepted as the world’s reserve currency thereby allowing them to print as much as they wanted. Two things happened to upset the applecart: too much debt was created and all the other central banks began to print excessively as well. The world became flooded with “cheap moneyâ€