2011-05-27

The Ron Paul Bill to Abolish the Fed is a Trick -- Here is what you get if it passes.

Vatic Note:  I put this up because there is seldom anything written of an opposing nature to the tried and true Gold Standard or the flim flam system of fiat counterfeit currency.  This was a most intriguing piece and his points are so very well made.  Rothschild is collecting massive numbers of dollars by selling massive amounts of gold from his warehouse safes that he has all over the planet.  Millionaires are his clients and purchase of gold from Rothschild are in the millions of dollars per transaction.  Rothschild also has a history, not only in action but in writing about his plan and that can be found here.    So there may well be something to what Dick is saying and it deserves a good reading and some deep thought about it.  After Ron Paul pulled a John Kerry on his followers,  I have been extremely cautious in watching and observing and not committing to him this time around.   He left his supporters high and dry at the end when he could have won that nomination.  All he had to do was challenge immediately the vote count in New Hampshire which was the most sloppy vote rigging on record and would easily have been overturned since the paper records were absolutely clear as a bell, that Ron Pauls' numbers vs McCains had been switched at the time of enterance into the electronic voting machines state wide OWNED BY AN ISRAELI COMPANY, I might add.   Gee, what a surprise.  Is there nothing legal they know how to do???   

The Ron Paul Bill to Abolish the Fed is a Trick  --  Here is what you get if it passes.
Commentary by Dick Eastman,   May 27,  2011

The Fed should be nationalized with the power to inflation from thin air put in the hands of the people to counter the loss of purchasing power -- our wealth which has been disappeared into thin air by the deflationist policies of the Fed. And a gold system is always deflationary -- and a system where banks can issue notes only if they have gold reserves -- such a system will result in alternating credit expansions and credit contractions to profit the controllers of the gold supply who happen to be the same people to whom all the worlds owes trillions upon trillions of dollars.

ABOLITION OF THE FEDERAL RESERVE OF THE FEDERAL RESERVE CHANGES NOTHING IF WE GO BACK TO THE SYSTEM WHERE THE TREASURY PEGS THE DOLLAR TO GOLD AT A TIME WHEN GOLD PRICES ARE CONTROLLED BY THE SAME PEOPLE WHO OWN THE BANKS WHICH OWN THE FEDERAL RESERVE SYSTEM. RON PAUL, ALEX JONES, PETER SCHIFF LEW ROCKWELL, GARY NORTH, GERALD CELENTE AND EVERYBODY ELSE HAWKING ROTHSCHILD GOLD. (Notce that right now Rothschild is selling gold to blind the followers of Celente and Rockewell and Alex Jones at a moment with the price of gold is at the top. These people will be selling their gold to buy back dollars later on in order to stave off the famine in the depression which lack of dollars in the system caused.

THE ONLY WAY OUT OF DEFLATIONARY DEPRESSION HELL IS THROUGH DEFLATION WITH MONEY THAT DOES NOT HAVE TO BE PAID BACK AT INTEREST. GOLD IS EXACTLY MONEY THAT HAS TO BE PAID BACK AT INTEREST. NO DEPRESSION ENDS WITHOUT INFLATION. RON PAUL WANTS TO MAKE INFLATION IMPOSSIBLE -- BUT HE IS PERFECTING SILENT ABOUT THE FACT THAT HIS BILL WILL IMPOSE EVEN MORE DEFLATION/DEPRESSION ON THE DOMESTIC ECONOMY. GOLD STANDARD IS GOOD FOR CAPITALISTS (CREDITORS, USURERS) -- BUT IT IS HELL ON FAMILIES, ENTREPRENEURS, WORKERS, GOVERNMENTS AND SOCIETY IN GENERAL. WARNING TO ALL WHO DON'T SEE THIS -- YOU CARRY THE LETHAL GOLD SICKNESS -- YOU SPREAD THE DEFLATIONARY PLAGUE LIKE TYPHOID MARY -- WAKE THE HELL UP BEFORE SOMEONE IS FORCED TO SHOOT YOU.

These men are as dishonest and dangerous as Paul Warburg or Bernard Baruch or any other Rothschild agents who attempted to destroy this country with a gold system and deflation.

When responding these men when they call for a gold standard and the abolition of the Fed by turning over all of its assets to the Rothschild controlled banks that own they system -- and letting the "nationally chartered" banks issue the money if they have the gold reserves -- they are putting Rothschild's gold holdings in total control of money and credit in the US. Its the most stupid thing the American people can do -- but all of you assholes love to dance to Paul and Celente and Schiff because they have learned what songs make you laugh or cry or scare you into doing stupid things without even starting to think about the consequences.

HAVE A POPLULIST FEDERAL GOVERNMENT RUN THE NATIONALIZED FED PUT UNDER THE CONTROL OF THE COMMERCE DEPARTMENT ALONG WITH THE IRS -- TO OPERATE A SOCIAL CREDIT SYSTEM.

Below is a very misguided and harmful pice of wrong advice from the John Birchers -- this is the typical line of those who want to fit you for gold shackles to make debt slavery even more difficult to escape.

Dick Eastman

Populist Nationalist Social Credit Brotherhood of American Citizen Peacemakers of All Races and Creeds -- This is our Common Ground!!!

What, then, is the Answer for getting us out of this debt prison?
Read about Social Credit:

http://www.thespiritualun.org/socialcredit.htm

Below is a very misguided and harmful pice of wrong advice from the John Birchers -- this is the typical line of those who want to fit you for gold shackles to make debt slavery even more difficult to escape.

----- Forwarded Message ----

THE JOHN BIRCH SOCIETY TRYS TO SELL YOU THE RON PAUL FED ABOLITION BILL -- every last reason is a lie -- every good reason not to is omitted.

From: The John Birch Society alerts@jbs.org
Sent: Thu, May 26, 2011 1:00:18 PM
Subject: Abolish the Federal Reserve - END THE FED

Abolish the Federal Reserve -- END THE FED

On March 15, Congressman Ron Paul (R-Texas) introduced and sponsored bill H.R. 1094 – the Federal Reserve Board Abolition Act, which calls for the complete abolition of the Federal Reserve System and the Federal Reserve banks, and for the repeal of the Federal Reserve Act of 1913. Later that same day House Resolution 1094 was referred to the House Committee on Financial Services. On April 4 it was referred to the Subcommittee on Domestic Monetary Policy and Technology, chaired by Ron Paul, where it is currently pending and awaiting further action.

Upon introducing H.R. 1094, Rep. Paul offered the following remarks in support of his bill to abolish the Federal Reserve. Paul stated:

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. [emphasis added]

As the Federal Reserve disseminates more information about its secret dealings abroad, giving loans to foreign banks, bailing out industries, printing endless supplies of paper money –- causing inflation and thus high prices for consumer goods, and the artificial depreciation of interest rates (i.e. zero percent federal funds rate), it is clear that the Federal Reserve does more harm than good and that its policies of lowering the federal funds rate in the fall of 2001 was the catalyst for the unsustainable housing bubble that collapsed in late 2007/2008.

History has proven that fiat currency does not work and that such Keynesian schemes, as those practiced by the Fed, only precipitate the very recessions/depressions it claims to oppose, which the Fed then responds to by enacting further measures that only serve to prolong the assured economic calamity.

Article I, Section 8 of the U.S. Constitution gives Congress, and Congress alone, the sole power to determine monetary weights and measurements for the coinage of money and the power to coin gold and silver as the nation’s legal tender.

Nowhere is Congress authorized to establish a national or central bank and cede away its Constitutional powers that protect the integrity of sound money and free markets. This wisdom was understood and practiced by Thomas Jefferson, Andrew Jackson and Grover Cleveland. Now, H.R. 1094 lives up to that very same wisdom by calling for the abolition of the Federal Reserve System in its entirety and thus repealing the Federal Reserve Act of 1913.

As pointed out in G. Edward Griffin's classic exposé, The Creature from Jekyll Island, the Federal Reserve System was created, in order to protect the power of the banking cartel and expand its wealth. Since the Fed extends credit to the U.S. government, it profits handsomely from the ever-increasing national debt. As a result, there is every incentive for the Fed to support profligate federal spending.

A series of tsunami-like waves of fiscal and monetary stimulus are being generated by politicians and bureaucrats in Washington who would have naïve Americans believe that such a policy is intended to shorten (with no ulterior motive) the recession by stimulating consumer spending, which makes up around 70% of U.S. economic activity. It does not really matter whether the stimulus comes through tax rebates, increased government spending, or lower interest rates, because the end result is inflation of the money supply by the Federal Reserve System.

The inflationary policies of the federal government and the central bank (Fed) are largely responsible for bringing the world to the brink of financial collapse. A key reason is that the unlimited availability of money created out of thin air distorts the perceptions of economic strength of a nation and the solvency of its government, which leads to the misdirection of investment in ways that would not be justified or tolerated in the absence of monetary inflation.

Creating more money (the Keynesian means for economic stimulus and controlling the masses) exacerbates the problem and perpetuates misdirected investment. And yet, that is precisely what is being supported by many, if not most, members of Congress and appointed bureaucrats, and the view most promulgated by the politically correct, elitist controlled media.

A policy of tax cuts, increased government spending, and lower interest rates was implemented during 2001 in response to the economic downturn that began with the bursting of a stock market bubble the year before. However, those stimulus measures only postponed a recession and in turn created the real estate market bubble that has now burst. Allowing the Fed to create more money out of thin air delays the day of reckoning, but ensures that the traumatic consequences will be compounded when such fiscal stimulus fails to work.

Ironically, former Fed Chairman Alan Greenspan once called the idea that the Fed could prevent recessions a "puzzling" notion. As for inflation, Greenspan is on the record as follows:

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value [without gold].... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. ("Gold and Economic Freedom," Alan Greenspan, 1966)

Please support the restoration of financial stability to America's economy through the abolition of the Federal Reserve System. Contact your U.S. Representative and ask him or her to cosponsor and support the passage of H.R. 1094 to "End the Fed" in the 112th Congress.

Thanks.
From Your Friends at The John Birch Society


The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.

2 comments:

Anonymous said...

The Fed (central banks) prints money out of thin air and charges banks and sovereign nations interest with no at risk assets of any kind. There is no reason the sovereign governments should not do the same thing with out being charged interest. JFK did that with silver certificates and LBJ stopped it. Any debt owed to the central banks has no asset backing thus default/nullification of that debt would cause no losses.

Anonymous said...

Celente predicts gold standard won't save US economy

http://www.helium.com/items/2163631-gerald-celente-predicts-gold-standard-wont-save-us-economy