Thread: Money Managers: U.S. Debt Is Giant Ponzi Scheme

Hylander, There's no way to turn the clock back. The past is over with. It isn't coming back. But you can still use gold, silver etc. for money. Lot's of people will except it. Look around. As for people being more free in the past that's really just an opinion. What about all those panics? That happened when the U. S. was on the gold stardard. It was the panic of 1907 that largely caused the creation of the Federal Reserve in the first place. But what caused that panic?

Originally Posted by Justthatguy

But what caused that panic?

JP Morgan, and the Rockefellers. They wanted a central bank and even the crash 1907 wasn't necessary. If I remember correctly, rumors is all that caused the crash. The Rockefellers wanted to expand their industrial empire, (there's issue with huge corporations too) and JP Morgan wanted to control the money supply like the Rothschilds in England did and still do.

If you haven't seen it, The Money Masters over at Google video is a good documentary on the history of money.

If you look at it, the Fed Res is no different than the 2nd Bank of the United States. Mr. Biddle who ran the bank warned President Jackson that if he meddled in the affairs of the bank, ie: shut it down, he (Biddle) would call in all the loans the bank had and put the country into a depression. The only reason Biddle got caught, was that he admitted doing so in a tavern. One man is all it took to wreck the economy. That's just wrong.

Bank failures and runs are what happens when banks perform(ed) unethical lending practices. There were also problems with meddling by Congress, like when they removed silver from the economy. Silver is up to 15 times more plentiful than gold, which is why it is so important to use both.

Dude, I'm not saying to turn back the clock. But just as President Jackson closed down the 2nd Bank of the United States, the Fed Res can be shut down. This is why I don't care for fiat currency at all. Nor do I care for fiduciary currency. Only with real coin as the Constitution demands will there be prudent investing, and prudent saving. The Wall Street Banks will no longer have a stranglehold on us, nor will they on the Congress.

Remember, the borrower is always a servant to the lender.

Btw, using real silver and gold for purchasing is first of all foolish, as you will not get the intrinsic value out of it.

Is the past over with? You betcha! Good thing too. I wouldn't want to have to re-live all the funerals over the last 20 years.

What I look to is the future. But all you have to do, is look down through history and every time fiat paper was tried, it ended in dismal failure. So will our fiat currency. Just since the end of WWII the dollar has lost 96% of its' purchasing. That in itself causes a transfer of wealth from the poor and middle class to those who are beneficiaries of the present system. So if the dollar fails, what do we do next? Go to the Amero, or IMF global currency? Or whatever form of currency the masters wish?

If you don't see any reason to try to stop this rape of the country and the people, then don't. I will do the best I can to try to provide a nation where my posterity does not go to work with the yoke of debt slavery upon their necks. I owe them that much at least.

And if the likes of Washington, Jefferson, Hamilton, well maybe not Hamilton, but many others like Madison, Gerry, Sherman, Lee, and the rest of the men who signed the Declaration and the Constitution were here, they be yelling at us for "NOT" grabbing our pitchforks and torches.

Seriously though. Check out that little documentary. It's very instructive, and touches on a good history of money and banking from Europe to modern times.

"But FDR will never do anything to embarrass his financial supporters. He will cover up the crimes of the Fed.
"Before he was elected, Mr. Roosevelt advocated a return to the earlier practices of the Fed, thus admitting its corruptness. The Democratic platform advocated a change in the personnel of the Fed. These were campaign bait. As a prominent Democrat lately remarked to me; "There is no new deal. The same old crowd is in control."
"The claims of foreign creditors of the Fed have no validity in law. The foreign creditors were the receivers- and the willing receivers- of stolen goods! They have received through their banking fences immense amounts of currency, and that currency was unlawfully taken from the United States Treasury by the Fed.

From a speech given by Congressman McFadden on the Federal Reserve. There seems to be rather stark similarities between this time period 1934 and today.

Perhaps Wonder Boy was born in Hyde Park?

It's not even that different from the gambling that was done by the money manipuators. They will like then leave us holding the bill, while they make off with even more wealth than was had then.

That is how the game is rigged. If they do well, they collect the profits, but they aren't shared with us. If they lay a goose egg, we get stuck with it. Not them. It's called bailout now. Back then it was "bank holidays". What needs to happen, is to take away their little cartel structure, and if they can't survive because of unethical lending procedures, then they go under. The wonderful thing about America, is the ability for someone to quickly fill the gap with a new replacement. It was always that way. Even in industry. If a company failed, another one would soon take its place.

A couple of videos for your viewing pleasures.

http://www.youtube.com/watch?v=6u_VzDrn ... r_embedded

http://www.youtube.com/watch?v=iYZM58du ... re=related

Yes roundabout, both of those are very good videos. I like the way John McManus explains in Dollars and Sense how there has to be drastic cuts in spending along with dropping the central bank. And that foreign aid part is a real good one. How many countrys do we give to, only to have them spit on us? I can think of one right off.

Here is one you might want to keep an eye out for Hylander, if you collect books, or look for reference materials. Life of William McKinley Our Martyred President, by Rt. Rev. Samuel Fallows, copyright 1901.

It has much good material in a number of directions, including the "sound money" debate. The "free silver" debate that had the country in an uproar during the latter part of the 19th century. This was what McKinley had fought against, as he was a "gold bug" and William Jennings Bryan was with the bimetalists. ( free silver and gold for currency) This debate seems somewhat simplistic looking when just the "sound money" advocates, the gold bugs, and then the "silverites" or "free silver" advocates are looked upon, as McKinley sees the problem with the lack of money at that time more tied to foreign trade and the weaker tariff laws of the time.

This from the book, concerning free trade, from McKinley's speech on the house floor in opposition to the Mills Bill. "From 1789 to 1888, a period of ninety-nine years, there have been forty-seven years when a democratic revenue tariff policy has prevailed, and fifty-two years under the protective policy, and it is a noteworthy fact that the most progressive and prosperous periods of our history in every department of human effort and material development, were during the fifty-two years when the protective tariffs were maintained, and the most disastrous years --- years of want and wretchedness, ruin and retrogression, eventuating in insufficient revenues and shattered credits, individual and national --- were during the free trade or revenue tariff eras of our history. No man lives who passed through any of the latter periods but would dread their return, and would flee from them as he would escape from fire and pestilence, and I believe the party which promotes their return will merit and receive popular condemnation. What is the trouble with our present condition? No country can point to greater prosperity or more enduring evidences of substantial progress among all of the people. Too much money is being collected, it is said. We say, stop it; not by indiscriminate legislation, but by simple business methods. Do it on simple, practical lines, and we will help you. Buy up the bonds, objectionable as it may be, and pay the nation's debt, if you cannot reduce taxation. You could have done this long ago. Nobody is chargeable for the failure but your own administration."

"Who is objecting to our protective system? From what quarter does the complaint come? Not from the enterprising American citizen; not from the manufacturer; not from the laborer, whose wages it improves; not from the consumer, for he is fully satisfied, because under it he buys a cheaper and better product than he did under the other system; not from the farmer, for he finds among the employees of the protected industries his best and most reliable customers; not from the merchant or the tradesman, for every hive of industry increases the number of his customers and enlarges the volume of his trade."

"This measure is not called for by the people; it is not an American measure; it is inspired by importers and foreign producers, most of them aliens, who want to diminish our trade and increase their own; who want to decrease our prosperity and augment theirs, and who have no interest in this country except what they can make out of it. To this is added the influence of the professors in some our institutions of learning, who teach science contained in books, and not that of practical business. I would rather have my political economy founded upon the every day experience of the puddler or the potter than the learning of the professor; or the farmer and factory hand than the college faculty. There is another class who want protective tariffs overthrown. They are the men of independent wealth, with settled and steady incomes, who want everything cheap but currency; the value of everything clipped but coin -- cheap labor, but dear money. These are the elements which are arrayed against us."



Some Democrats were clamoring for a "free silver" policy. This would allow silver to be minted freely into coin and thus add money to the economy. Who does not want more money in the system? The "free silver" thinking of course took attention from the tariffs issues concerning the economy and the lack of money, or the deflationary effects thrust upon the country as a result of the weak tariffs. McKinley understood this would be an inflationary act, (free silver) and fought for the monometalists ideals of the gold standard and sensible tariffs. McKinley fought against the Mills Bill, a bill which McKinley likened as a "direct attempt to fasten upon this country the British policy of free trade." Further from the book,.... 'the Wilson bill, which repealed the McKinley act, the country came to the conclusion that the protective theory was, if not absolutely right, at least productive of greater good to the people than the free trade theory.' McKinley fought for sound money and reasonable tariffs, and fought against free trade.

Much more in the book. Much relevance from then to now. Seems that there are, and have been for quit some time those that prefer sound money, or conservative money and thinking, and those that wish for progressive, or liberal monetary policies that lead to suppression of freedoms and liberties in exchange for a perceived and temporary or short lived extravagant life style. A fiat currency with no backing other than political will power(?) and fear tactics could only lead to where we find ourselves today. Our education system has done well. Hollywood and the MSM as well also. If Americans spent half the time that they spend on their cars, boats, and fancy electronic gizmos on politics and an understanding of sound monetary policy,....perhaps, maybe, just maybe we would be in a different boat then the one that is taking on so much water,....should we sell more liberties to afford to buy a pail to bail the water from the boat?

http://www.youtube.com/watch?v=6u_VzDrn ... r_embedded

http://www.youtube.com/watch?v=iYZM58du ... re=related

"Whosoever controls the volume of money in any country is absolute master of all industry and commerce....And when we realize that the entire system is easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." James Garfield

"In regard to economic policy, socialism and communism are identical." Ludwig von Mises

Thanks roundabout! Yes McKinley was another commodities oriented Constitutional coin president, but alas, like Lincoln, Garfield, and Kennedy, his understanding money and economics got him killed.

The silver issue that is mentioned was due to an agent of the Rothschilds coming to America and bribing congress to take us off silver, and since gold is more scarce, it is easier to manipulate, and the idea being to manipulate the people again to institute a central bank, but there were enough members of congress to finally sway it the other direction in around 1879, which is why from 1879 to 1899, the country had an increase of 4% GDP every year for that 20 year span, and when one consideres the population and technology of the time, that is the best the country has done economically ever. But that put a hurt on the big banks that were consolidated under the likes of Morgan and Rockefeller. Capital formation was happenning everywhere, and people were able to save and purchase property, and businesses were able to finance their own growth through profits. As it should be. Had it gone on, Those banks would have faded away as their power was concerned, since they weren't needed for loans for the most part, and were really only needed for safe keeping of ones wealth.

Already have both of those vids. The one with John McManus is very good. I too am a member of the Birch Society. Keep my card in my wallet too.

The other one is also good from the Ludwig von Mises Institute.

A much better institute than the Frankfurt Institute.