The "Federal Reserve" is not a government institution but a private central bank owned by a handful of major banks and bond dealers. As such, it is a cartel owned, controlled, and essentially for-profit driven, not by the people of the United States but, instead, by the banking industry's ruling elite. This oligarchic setup generates the most costly, debt-based, money system and greatest conflicts of interest in the history of the world. It is a system clearly at odds with the intent of the founders of the United States of America.

Public Central Bank - Fire The Fed

The current banking and Wall Street crisis is a direct result of a private central bank system. We are cursed with the deliberately mis-named "Federal" Reserve which is no more than a privatized and exclusive debt-money creation system devoid of public ownership. In this so-called "independent" institution there is no public interest or power within its privately-owned, profit-seeking, system.

When the power to create our money and credit is in private hands, and based on an exclusive franchise for debt-money creation and sale of bonds at interest - as opposed to direct Treasury financing - then the entire economic and social system is set up for private profit, and debt ruin, at public expense. As history has proven, this structure is virtually guaranteed to result in endless predation, corruption, and eventual collapse at immense public expense.

The founders of this country well understood this very problem and so, in their wisdom, put the "purse powers" in the hands of the most democratic body – i.e., Congress – exactly so the people would have the right and power to vote on their monetary policy every two years, course correct their own society and economy, and escape the predictable ruin of a private debt-money system under which we have no alternative or escape.

Today, however, under a private central bank system we have no such public privilege or power. We are powerless at the hands of the real owners of the "Federal’ Reserve – i.e., the major investment banks and historic banking families both here and abroad. These are the very people and institutions who have profited, geared the structure to their endless, debt-money, advantage and proceeded to rape the system until it collapses and the public is forced to rescue and bailout the very predators and criminals at the helm. In any case, this is a society-controlling power no private entity should ever attain.

Despite the overwhelming and recurrent failures of this privatized system bailout plans are being devised by these very same bankers in order to give the "Fed" even more global powers – all to foster a pretense of regulation and eliminate any vestiges of public money powers around the world. In the midst of this crisis, our pathetic Congress – fed by corporate money and cowed by a corporate press - may well succumb to giving these expanded powers to the same group of international bankers responsible for this and every other monetary crisis.

Clearly, however, the time is ripe to fire the Fed. We must take its stock under public ownership, if for no other reason than for their ruination of the dollar, aggravating boom and bust cycles, bailout thievery, and to prevent exactly these occurrences again in the future – all of which stem from a lightly or completely unregulated, private, banking system acting to privatize profits and socialize losses. Moral hazard is endless and systemic under this oligarchic structure.

The immense costs of banker bailouts today mean more bonds have to be sold, more deficit financing incurred, more commissions earned by the big bank Fed owners, more currency value ruin, and more interest payable to foreigners on our "public" debt. Interest on interest, and debt on top of debt until collapse occurs is exactly where a private central bank system always takes us - particularly within a political system driven by corporate power and money.

Nevertheless, the fact we have a private central bank called the Federal Reserve that is still taken by many economists (and those attached to their ruling-elite sponsored positions) as a virtual given is clearly perplexing at best, and devious at worst. Despite the fact the founders of this nation had seen the predations worked upon England and other countries by private central bankers today’s crop of ruling-elite sycophants continue to ignore the issue and our own Constitution’s clear mandate for public "purse powers."

Clearly, a public central bank is a subject many go to great lengths to avoid today. In fear for their status and position they quickly poo-poo the idea - and this, as if the founders were idiots!

Yet, in this crisis, for the first time in my memory we have more people now realizing the real nature of the problem - and so considering the very idea of a public central bank and returning to a Constitutional setup. Despite the massive debt and interest set upon the public the very malady-causing institution remains private and without audits of either institution or its mega-rich and powerful owners. To complete the coup, members of its own fed-owning institutions (Goldman-Sachs, et.al.) serve as "our" Treasury Secretaries in what is a massive conflict of interest and ongoing effort to forestall any public interest or power in their system.

As with any real reform, it takes outsiders to first broach the issue and then courageous legislators, journalists and media types to discuss the possibility and reach the people. But have you ever seen a debate or read a thorough discussion of a public central bank in your newspaper or in the major media?

Today the time is ripe and this seminal issue is emerging. Like Holocaust deniers, however, there are those who pretend a public central bank is somehow not possible or advisable, and so they run from the topic and even seek to punish those who pursue the issue. Yet their arguments fly in the face of those who wrote our Constitution and purposely gave the money creation powers to Congress, the people’s body – so we, the people, would not be buried in interest-bearing debt, bailout costs, and enslaved to bankers for the nation’s livelihood and advancement.

Centuries of planned "panics," depressions, and recessions - all of which have caused immense enrichment for the few and immense loss to the nation and costs to future generations - have resulted in mind-boggling levels of interest bearing debt, inflation, and currency value destruction now bringing the nation to a financial armageddon.

It is time we extricate ourselves from this costly, self-defeating, and utterly oligarchic system. Demand that your representative act, not to give greater powers to the banking elite, but to audit the owners and seek to return the "Federal" Reserve stock and powers to We, The People.

- Zero Per Cent Home Loans -

Ask yourself why the people of the United States would agree to charge interest on one another's home loans - the very building blocks of society? The answer is we did not, have not, and likely would not. Most importantly, we cannot implement any such salutary "barnraising" monetary policy because we no longer have ownership or control over our money creation process and this most vital of state institutions. In short, we have lost control over money creation and purse powers as bequeathed to us by the founding fathers in the Constitution of the United States.

Instead, with a private central bank, we are required to pay for our homes, as well as all our infrastructure and defense, three or four times over due to the interest costs imposed by private central bankers and their affiliated bond dealers. Interest costs alone represent the greatest of taxes paid, and the greatest of burdens passed to future generations.

Imagine, in an economy nearly seventy per-cent driven by consumers, what this tax cut, in home interest savings alone, could do to stimulate the "ownership" economy - not to mention freeing the vast majority from nearly endless house debt? In addition, to avoid early foreclosures, family breakups, and financial devastation due to job loss and "free trade" job export new, more democratically-oriented, policies might allow for longer emergency mortgage relief periods to avoid exactly such no-fault crisis and debilitating chaos.

At the same time, penalties for loan and appraisal fraud could be greatly strengthened. Otherwise home loan programs could very well continue thru existing mortgage, banking, and escrow institutions with the only difference being direct treasury funding as opposed to debt-based bonds serving the interests of the few.

For the great majority of people there is no greater tax cut possible than eliminating interest on our home loans. If we truly controlled our own government and economy such a change, and related offsetting tax code changes regarding interest deductions, would be simple and easy. First, however, to accomplish this salutary objective, and other necessary monetary system reforms, we have to end, or radically re-control, an oligarchic and undemocratic banking institution misleadingly known as the "Fed."

- Hurricanes, Disasters & Infrastructure -

Aside from the loss of life, the sickest thing about the recent Katrina-Rita-Wilma hurricane events - as well as virtually every other natural disaster, war or infrastructure need - is that we are forced to borrow from a private central bank to pay for all the destruction, reconstruction and related interest costs. A private central bank profiting from Mother Nature’s wrath (due to global warming induced climate change) and the wipe out of entire cities and families is surely the mother of all scandals, the crime of the ages, and the epitomy of financial sociopathy.

The private cabal "Fed" central bank setup we labor under means the cartel profits from every natural disaster via our borrowing requirements. Clearly, nothing could be more brutal, immoral or just plain wrong. As a result we can be driven into bankruptcy by Mother Nature and the Fed alone, as government insurance program premiums cover only a fraction of the costs, and any and all deficits require debt-money borrowing.

In short, we must regain control of our monetary powers or we will be bankrupted by Mother Nature alone, courtesy of the "Federal" Reserve.

- The "Independent" Scam-

Oligarchy and neo-fascism are what we, the people, are fighting today. A top-down, undemocratic, globalization process is effectively removing all local controls and cultural freedoms... and in the process installing private central banks everywhere. Corporate power and rule by the few (via control of our central bank, media, trade policy, and a corrupted Congress) has now reduced much of mankind to neo-slavery upon a global plantation - all within a "free market" from which, for most, there is neither escape nor dissent.

The primary instrument of this modern neo-slavery and rule by the few is interest-bearing debt, and control of our money creation process by a ruling elite. As a result of this regime, Nations, states, and families around the world are virtual prisoners of a monopoly private central bank system, and its debt money instruments and policies.

The original Constitution of the United States stated that Congress, the most representative body, was to have the sole power to mint our money and set the value of currency in the United States. However, in 1913, the Federal Reserve Act was passed, in a secretive and deceptive legislative process similar to the coup d'etat accomplished with the corporate-controlled GATT-NAFTA regime. This constitution-crushing "Fed" act passed the authority to create money from the people, via Congress, over to a private consortium of big banks now collectively known as the Federal Reserve Bank - in an historic theft of societal right and power.

In short, before the passage of the Federal Reserve Act in 1913 congress could print it's own treasury notes and use the money to pay for the cost of government. After the passage of this act Congress was forced to borrow money from a privately owned Federal Reserve Bank at interest - obviously, an immense sea-change in the nature of government finance and the structure of society.

Clearly, the "independent" central bank scam is one of history's great ruses and a device used to pry the most vital of society's institutions from the hands of the people and their elected representatives - over whom we have some control. As Murray Rothbard, the Libertarian economist, noted in his last book the Fed is simply an oligarchic institution which does not belong in any Democracy or Republic ostensibly shaped and ruled by a majority of its people.

In order to both accomplish and maintain such a ruling-elite feat, first, you inform the people and their elected representatives they are not capable of handling their own affairs - despite the provision in our Constitution placing the "purse power" squarely in the hands of the Congress. Yet the very reason for the people's purse power clause is simply that, by 1776, the founders were well aware of what private central banks, and the "Bank of England" had done to the people of the European continent.

Second, you must denigrate "democracy" in every way possible, and attempt to make a convincing case that a slave society, like the Roman Empire, could possibly give us some lessons in the running of a democracy. In this "mobocracy" strategy no attention is ever paid to the on-going idiocy and historic criminality of Monarchy, Oligarchy and Fascism thru the years. Clearly, the ruling elite's basic plan of "independent" institutions is to place them out of the control of the very people who must bear, as in the case of our central bank, the extremely taxing and unnecessary debt and interest burdens which last for generations.

Given their distorted educations and fears for their own job security, the public (maybe not private) opinion of many economists and bankers today remains that the "independence" of a central bank is a kind of given, an institution necessary to achieve stability and progress. Obviously, the question here is independent of whom? The simple answer is independent of you and I, the vast wage-laboring majority, our elected representatives, and the Constitution itself. For decades, exactly this anti-democratic, anti-labor, mindset has been a given for any who value their continued employment in banking and consulting industries, and for media moguls whose pro-business, anti-labor, propaganda must continue on a daily basis.

Regardless, the very opposite of monetary stability and unburdened progress is the historic case given private central banks and fractional-reserve, debt-money, systems. Therein, the very incentive for stockholders of private central banks is to generate as much money, debt, and borrowing as possible. This secures the greatest interest and bond market profits and commissions, controls access to money and credit, escapes restrictions on the "masters of the universe" powers, and keeps the vast majority from having any influence over their own central banks and monetary policies.

In practice, a private, profit-seeking, ownership of the "Fed" means the real owners are interested in creating as much private and government debt, with interest due, as possible. If this were not the case then why seek ownership of the central bank stock, if not to exploit its incredible potential for profit and power over governments and leaders the world over?

Further, it is all debt money created, with interest attached, and for which money is not simultaneously created to pay the interest over time. Instead, money to pay interest comes out of created capital and savings. In effect, this means that, over time, all assets head toward ownership by big bankers - an elite group with the incredible power to create busts and booms at will, and who grow ever richer amidst the impoverishment of the people.

The process therein involves The Federal Reserve Bank ordering the U.S. Treasury to print a certain amount of Federal Reserve Notes and then have the U.S. Mint deliver them for the mere cost of printing - i.e., money for nothing! These Federal Reserve Notes are then lent into circulation by lending them either to congress or to the Federal Reserve Member banks. As some economists have noted, money lent into existence would be impossible to totally repay because only the principal was lent into circulation but the principal plus interest has to be paid back.

Essentially, this privatized money creation system is what is meant by debt slavery, and is the very reason why endless wars, and both cultural and religious strife, have been manufactured over the centuries due to this debt-money creation process and its inevitable implosions and ruin. Time and again, it has proved to be the bane of our existence.

As for prudence and responsibility, at one time, it was believed that bank reserve requirements would put a lid on lending, debt creation, and inflation. However, with the advent of "securitization" - i.e., the packaging and reselling of debt to pension funds, etc - the money-debt-interest creation process has effectively become limitless. Today's dangerous mountain of personal and governmental debt, and both actual and incipient inflation, is testimony to that fact. As ex-fed chairman, Paul Volker, once admitted: "it is a sobering fact the prominence of central banks in this century has coincided with a general tendency toward more inflation, not less." Is it any wonder why?

- The Creature From Jekyll Island -

In practice, a private central bank cartel means the self-interest of the few pitted against the vast majority. The "independent " ruse is simply one of the oldest imperialist tricks and one necessary to disarm and distract the populace. If this oligarchic setup is so benign an arrangement, however, why then have an elected Congress? Why any democracy? More to the point, if there is no advantage or profit why then do not the owners of the "Fed" simply relinquish their central bank stock to the people?

Indeed, as Thomas Jefferson noted centuries ago, a private central bank is akin to a standing foreign army on your soil. In practice, any such central bank "insulated" from the people means a largely private ability to expand money supplies without any ties to production levels - as suggested by economist Milton Freidman. Thus, this for-profit money-creation process generates inflation as well as privatizing loan choice and distribution, while eliminating any significant public imput on lending policies, and promoting central bank largesse in the form of bail-outs for member banks at taxpayer expense - often after they have wreaked currency havoc and reaped usurious interest rates.

Yesterday and today, "purse" powers in private hands means that money-center banks (owners of central banks) prefer guaranteed lending to governments in large amounts - i.e., to the very governments and people prevented from any non-interest-bearing money creation and municipal credit due to the loss of their rightful central banking ownership and money and credit powers.

At the same time, central bank stockholders may be speculating against these same borrowers in currency markets - undermining their own client governments, generating instability, currency chaos, and need for evermore interest-bearing debt, not to mention financing both sides in costly wars and arms races. Exactly this grossest of conflicts of interest, maximizing of debt-indenture, and insider exploitation of money and credit powers arises due to the usurpation of the people's powers. In the case of the U.S., it was a result of the successful coup represented by the "Federal Reserve" act of 1913.

Inflation, corruption, and IMF-generated ruin emerge where the banking powers rest in the hands of the unelected few, and public oversight is either missing, perfunctory, or reduced to a "Humphrey-Hawkins" dog and pony show. In the American case, this private money creation system scourge comes complete with taxpayer guarantees and liabilities for all Fed insider, member-bank, mischief benefiting the few while taxing the many.

In short, instability, usury, and insider loan thievery occur because the people are no longer in control of their central banks and are now prisoners of banking oligarchies both domestic and foreign.

It is the mega-merchant banks and their "bond market" cartel which owns our central banks and gains private powers to rule mere governments via control of money and credit. As both history and contemporary affairs reveal, the greatest threat to the peace and stability of the world is a banking system, and central banks, removed from the people's ownership, control, and vigilant oversight. Inflation and currency ruin are the ultimate prices paid and, today, these twin taxes are gathering steam.

A long history of predation, panics, planned booms and busts - all precipitated by bankers gorging on the people's money and credit powers - is exactly why the founders vested "purse" powers in the people and their elected representatives. Indeed, they were well aware of what had transpired on the European continent and how American colonies had been at the mercy of an "independent" Bank of England.

- The Owners Of The "Fed" -

If the people do not own their central bank either federally or via stock held by the several states, the so-called "Federal" Reserve system is simply a sham. Indeed, the real nature of this beast is revealed in the Federal Reserve Act - i.e., a law dictated by a robber-baron "community of interest" stipulating the privately-held stock of the Federal Reserve cannot be bought or sold on any stock exchange, or ever purchased by the public.

As Eustace Mullins revealed, the "fed" stock is passed by inheritance amongst a few, mega-wealthy, banking families via powerful banking firms which, in 1913, made a private "Federal" system the law of the land. Today, without good cause or reason, an exemption from the Freedom of Information Act prevents Americans from knowing who the real personages are behind their central bank and corporate fronts.

For his opening up an arcane and purposely obscured world to greater public understanding, and shedding new light upon the Bank of England and Federal Reserve, Eustace Mullin’s Secrets of The Federal Reserve remains a classic. Aside from revealing the forces behind central banks, the saga of Mullin’s attempt to publish his book validates his thesis of a corrupt "money power" system. In 1952, Mullins was told by eighteen major publishers his material was too hot to handle and that no one in New York (where banking interests reign) would dare put it to print. They candidly told him it would never be printed anywhere. Later, Mullins was abruptly fired from his Library of Congress post after he self-published his expose of the Fed’s history and ownership in 1952 - and became the only person ever discharged from the Library of Congress for political reasons.

As if this were not enough, in 1954, the entire German edition of his book was seized and burned by government agents. As Mullins relates, "the burning of the book was upheld April 21, 1961 by judge Israel Katz of the Bavarian Supreme Court. The U.S. Government refused to intervene, because U.S. High Commissioner to Germany James B. Conant (president of Harvard) had approved the initial book burning order. This is the only book which has been burned in Germany since World War II."

Alarming as any book-burning may be, it is surely not the only case of the suppression of the truth about the secretive oligarchies ruling our lives. A pattern of interference with literary freedom appears whenever the subject of ownership of the "Fed" emerges. For example, congressman Charles Lindbergh Sr.’s "Why is your country at war," was published in 1917 and dealt with the money power and origins of war. According to Mullins, "Woodrow Wilson ordered government agents to seize and destroy the printing plates and copies of this book in the spring of 1918." Also, William Carr’s study of the Rothschild dynasty had to be privately printed and, in 1915, Baron Nathan Mayer De Rothschild went to court to keep Ignatius Balla’s "The Romance of the Rothschild’s" from being printed on the grounds portions were untrue and libelous. The court, however, ruled in favor of Balla’s truths.

Historically, a series of similar incidents reveals the nature of the problem. The closer one gets to revealing the essence of enclosure, factor-imbalance, and identities of a ruling class, the more obscurity and worse is brought upon offending writers or reformers. In a society where capital owns the media, major publishing houses, and controls appointments in government, major universities, and foundations then unemployment, defamation, and worse is easily brought upon dissidents and any set of facts some wish buried. The experience of writers like Ezra Pound, and circumstances surrounding the assassinations of President’s Lincoln, Garfield, and Kennedy (all of whom were no friends of banking powers) are enough to give anyone pause... nevertheless, information must be free and truthful.

Invariably, the critics of oligarchy, globalization, GATT-NAFTA, and a banking elite’s "independent" interests are characterized as "irrational", "deranged", "nationalistic", "racist", "anti-semitic" and bent on seeing conspiracy. This occurs in spite of both Adam Smith’s and Karl Marx’s trenchant and timeless observations, the sordid history of the "Federal" Reserve, and the complete lack of effective democracy in our monetary policy.

Obviously, ruling oligarchies have no reason for being nor any argument for suppressing democracy. To survive they must rely on propaganda, repression, defamation, state terrorism, and assassination in hopes of avoiding their fate.

To better understand this on-going tyranny of capital we also need to know how, from near-absolute power over the people’s finances, the House of Rothschild and others moved on to control, and enclose, our media and information supply. As Kent Cooper, a former head of Associated Press, noted "international bankers under the House of Rothschild acquired an interest in the three leading European [news] agencies." The Rothschild group purchased Reuters in London, Havas in France, and Wolf in Germany to monopolize the news creation nexus and information-dissemination business in Europe and around the world. Today's global corporate media empire is simply an extension of this trend to control information and assure capital's propaganda remains both dominant and ubiquitous.

Thus, in addition to land enclosures, factor imbalance, private central banks, and corruption of political systems the power of capital was immensely amplified with its ownership and control of media, and news and information sources. A privatized media realm includes the power to control the public mind, distract and direct debate, demonize dissidents, bring a halt to reform, and disappear the entire question of a public central bank.

- Private Central Banks, Kondratieff Waves
& Anti-Semitism -

It is this writer's contention that Kondratieff's business-cycle wave theory may well be little more than a private central bank, debt-interest, bubble phenomena - in other words, a long cycle wave of debt build-up and interest accrued which eventually collapses business and society, and brings in its wake either new ruling-elite fascisms of one variety or another, or a re-capture of monetary powers by the public.

Thus, while this revolution of Kondratieff cycles may well represent simple and normal business cycle waves, in fact, they may also be generated and driven by private central bank debt bubbles and the eventual repudiations which follow. Such traumatic cycles might well not exist nor be as wrenching were it not for the private central bank institutions feeding member bank mischief. We are not then speaking of ordinary and more benign, supply-demand, commodity price inflations and deflations.

Again, with securitization making reserve requirement's relation to loans nearly meaningless today, fiat money creation has become effectively limitless, and this amidst no gold or commodity backing for the "Fed" currency. In this for-profit debt creation business the sky is the limit. Adding insult to injury, the taxpayers (via the income tax) are also the hapless guarantors of the bankster's, ruling-class, machinations.... at interest, of course.

As things stand, few mega-banks have any public interest seats or participation on their boards, and so no non-profit or public-interest oriented impacts emerge on who gets loans and on what terms. In short, "our" money is created in their interests... and until such time as the interest bubble leads to implosion, new debt replaces old, and devastation results for families and nations alike. Despite this dismal dynamic, nations that attempt to buck the oligarchic system will likely face reprisals from powerful "free market" forces at odds with the interests of the vast majority. So much for democracy... that is until ruin or revolution emerge.

After usury, predation, and ruin arise from oligarchic, undemocratic, economies controlled by ruling-elite bankers, when the inevitable crisis or depression hits then some group or other must be blamed. Enter the Jews, Chinese, or Indians - depending on the country and continent. Regardless of locale, due precisely to a lack of public ownership of central banks, and due to all the dismal effects flowing from oligarchic banking and economy, it is these ethnic groups which historically, emerge as targets... and eventually pay the price of undemocratic banking structures.

In other words, short of reform, what has happened in the past will most certainly happen in the future given that anti-semitism and worse is born and bred by "independent" central banks and their captive institutions - i.e., the International Monetary Fund, World Bank, and any government controlled by the few in order to make possible the exploitation of the many.

For example, few remain aware today that after World War I, the infamous Dawes Plan for war reparations was drawn and dictated by international bankers - i.e., the owners of central banks. Aside from funding both sides of the conflict, it was their post-war, counterproductive, "shock therapy" which produced a Hitler and a virulent anti-semitism on the European continent... with devastating consequences.

Given the oligarchic structure, it is not that any one particular elite or ethnic group happens to own or control a central bank, or predominate in the banking field. Instead, it is the institution of private central banks per se which proves a scourge upon mankind with its invitation to misfeasance, inflation, and powers of the few to dissemble democracy, social justice, and progressive economy in general. In short, it is the structure, stupid.

Despite capital's media propaganda, many more people around the world today are awakening to the nature of banking tyranny, to a reality of oligarchy everywhere, and the pervasive lack of effective democratic structure in "free market" institutions and "free trade" regimes which control our lives. We do not elect our trade representatives, our Federal Reserve board members, our United Nations representative, and we have no National Initiative with which to defeat the many corruptions of the ruling class.

In this sick milieu, as surely as night follows day, oligarchy and the predation which follows from imperialism breed backlash and movements of the people to regain their rightful powers and interests.

Today, many more "money trust" victims from around the world seek to overthrow both local and international oligarchies in order to come out from under the tyranny of latter-day Dawes plans and undemocratic, GATT-NAFTA, trade schemes. The latter being an uncompensated, effectively forced, trade regime fast-tracked by capital past wage-laboring majorities. Unsuited for a still disparate and largely undemocratic world, this sorry regime not only rewards the greater-slave and induces global oligopoly but, due to a lack of compensating and incentivizing tariffs, induces a race to the bottom in standards, and generates costly environmental ruin by greatly increasing the fossil-fuel transport of "goods" around the globe.

With the ruling elite's program of "interdependency and "harmonization" not approved by the people via National Initiatives, they lack any real democratic impetus or approval of their terms. Yet these schemes abide due to our increasing impotence and the capture of "our" representatives by capital's money machine and global media empire.

Despite the people's rights, wants, and needs reform still remains problematic today due to the fact that oligarchy, enclosure, and capital's political corruption have proceeded to the point where government itself has been disarmed by money-dependent politicians who have become captives of capital. As a result of this sick setup, legislatures filled with capital-dependent, re-electable, politicians, and capital's "free press" all fail to represent the vast, wage-earning, majority.

Wherever society is so corrupt it can only fail as vital, balancing, reform and economic democracy cannot emerge... without getting to the endgame point of maximum ruin and exploitation. Thus, as in the past, ruling elite predation and oligarchy will likely proceed to the point where debt bubbles and currency ruin mean that new pogroms of Jews, Chinese, or Indians become inevitable - all due to gross factor imbalance in society and ruling oligarchies fed and bred by private central banks.

Having seen this sorry dynamic emerge many times throughout history, one would think the very people in the forefront of movements to re-establish constitutional purse powers and democratic banking would be those of Jewish, Chinese, and Indian extraction. Count one such figure in Murray Rothbard, the libertarian economist, who noted that "if government becomes `independent of politics' it can only mean that that sphere of government becomes an absolute self-perpetuating oligarchy."

Indeed, exactly this is what the "Federal" Reserve, Euro-Land, and all capital-controlled institutions have become - self-perpetuating oligarchies. Wherever such "factor" imbalance prevails, real reform must emerge or turmoil, terror, and revolution are assured.

- THE FED, IMF, BIS, WORLD BANK & WTO -

In 1930, the Bank For International Settlements - BIS - was created by a coterie of international bankers for the purpose of handling collection of German war debt. Today, it functions as a central bank for central bankers.

The BIS remains a nearly invisible affair despite wielding immense powers without being subject to any democratic office, imput, or influence. In short, not only is the BIS self-created and without political legitimacy but it wields great, behind-the-scenes, powers.

This institution emerged as a way to implement war reparation policies devised by international bankers - i.e the infamous Dawes Plan. As mentioned, these "shock therapy" burdens devastated Germany after the First World War and led directly to the rise of Adolph Hitler. Today, these same policies are plunging the rest of the world into crisis by increasing indebtedness and servitude to international bankers.

In Europe, the objective of the BIS is to remove whatever control any national central banks retain and move toward a private, European, central bank with the BIS as supranational power above and beyond any control by the people.

As for the World Bank and International Monetary fund, after the chaos of World War II, the WB and IMF were formed in 1945 at the Bretton Woods conference. Capitalized with currency and gold from developed nations they provided credit for post-war reconstruction. Early borrowers were the devastated nations of Europe as reconstruction took priority over new development, until the late 1950’s when lending to lesser-developed countries proceeded in the wake of de-colonization.

This conference gave birth to The World Bank, The International Monetary Fund and the General Agreement on Trade and Tariffs (GATT). In effect, the Bretton Woods did for the world what the Federal Reserve Act of 1913 did for the United States. It provided a framework for the International Bankers to place the World into economic bondage through debt and set up the IMF to force austerity measures - in order to service debt and restructure economies, societies, and cultures according to the Banker's specification. The hardships generated as a result have been legion.

Another primary reason for Bretton Woods was to stabilize currency values and prevent competitive devaluations from ruining economies and rewarding speculators - something now under way big time due to our lack of tariff freedom and absence of compensating tariffs - which would obviate having to ruin the value of one's own currency "in order to compete."

Originally, the IMF was to be a currency stabilization fund, enabling governments to intervene to maintain currency values by protecting them from speculators and "market forces." After wreckage and war emerged from the Dawes Plan and Great Depression, Bretton Woods was then ostensibly intended to limit the influence which private, unelected, bankers exerted in international finance.

Several decades later, President Nixon removed the dollar from a gold peg in 1971, and Bretton Woods, in effect, ended. As a result, currencies could then fluctuate freely and be driven by the whims of speculators, allowing destruction of stable economies by speculators in a "casino" environment.

Given their structure, the IMF and World Bank function as instruments of a global financial oligarchy - i.e., one demanding private central banks and power to implement shock therapies serving bank interests by destroying the wealth, freedom, economic diversity and independence of people everywhere.

In practice, the World Bank, IMF, and BIS impose conditions determined by private capital - i.e., the unelected. While giving lip service to "public" objectives, a capital-controlled World Bank-IMF continues to prop up despotic regimes while undermining democracy and domestic freedom and economy. As a result, democratic trade processes are denied and "free market" enclosures, privatizations, foreign-debt, and import-export regimes enriching multinationals are imposed. Working together, WB-IMF-BIS policies and GATT remove decision-making powers from the people and give capital a veto power in international, unelected, tribunals and private central banks removed from the people’s influence.

With World Bank loans come debt burdens and explicit conditions on capital use - which translate into implicit ones on allowable forms of politics, culture, and economy. This means western-style cultural domination. Former Treasury Secretary Lawrence H. Summers revealed the intent when he stated "countries that do the right things will be rewarded with rapid capital inflows. Those that do things wrong are punished." Given the IMF’s makeup, any democratic freedom and wage-labor power is seen as "wrong." Another former Treasury Secretary, Robert Rubin, stated the real goal: "ending the Link between human rights and trade is a very good objective to shoot for." Very Good?

Capital’s agenda here means we must sever economy from morality and from any assessment of human rights, democratic prerogative, and environmental condition. Given this amoral "engagement" ethic, with the people’s own money and loan guarantees banking elites proceed to reward the "efficient" and punish more democratic, wage-labor oriented, systems as well as ecologically conservative and communal styles of life and economy.

A "World Bank" controlled by capital enriches mega-contractors, multinationals, and dictators as long as they do the "right" thing. What "doing the right thing" means is capitalist code for destroying labor unions, persecuting dissenters, defeating native land rights, perfecting enclosure, and crushing institutions threatening to capital’s hegemony. Not only is the "right" thing determined by the few but those working to preserve natural liberty, sovereignty, cooperative organization, and seeking labor and land reforms are often abused, imprisoned, or exterminated for their resistance to capital’s forced interdependency.

Once nations have significant foreign debt burdens (often undertaken by desperate rulers without the approval of the people) they find they have little alternative or freedom of dissent without incurring the wrath of institutions able to dictate the terms of "their" culture, economy, and trade. This neo-slavery emerges as a result of our lack of public ownership of central banks and a media now dominated by capital - see www.editorfreedom.com.

Aide from the debilitating and disastrous mountain of public and private, interest-bearing, debt since the advent of the Fed our currency has shrunk in value by over 4% per year. As a result of imprudent, profit-seeking, management of "our" currency by bankers and "deficits don't matter" politicians alike, the value of the dollar has fallen over 95% in value since the inception of the Fed, and some 30% in the past year or so against other major currencies - the latter decline due largely to the lack of compensating tariff arrangements appropriate for a still very disparate and undemocratic world, and a deliberate, beggar-thy-neighbor, policy of currency ruin.

With the removal of tariff freedom and rational trade policies due to GATT-NAFTA (another ruling class coup similar to the Fed scheme) monetary officials are now purposely driving down the value of our dollar today to try to eliminate horrendous trade imbalances. By attempting to substitute monetary policy for trade policy, the value of all our assets and savings, national and personal, are driven downward. In effect, currency ruin is the greatest of tariffs, and everything we must now import to live (because "free trade" has nearly wiped out domestic producers) costs more... and then more again due to deliberate currency decline. So much for the benefits of forced free trade, for "universal gain" trade ideology and monetary stability.

- THE WEB OF DEBT -

All the books presented here are essential reading to understand our monetary history, our corrupt banking system, and our debt-money prison. Ellen Brown’s Web Of Debt is one I especially recommend to everyone to better understand the current condition of "our" economic and banking system and the effective remedies so eloquently outlined in this book.

As she states, "Our money system is not what we have been led to believe. The creation of money has been "privatized," or taken over by a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions — including the private Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices - and robbing you of the value of your money.

Not only is virtually the entire money supply created privately by banks, but a mere handful of very big banks is responsible for a massive investment scheme known as "derivatives," which now tallies in at hundreds of trillions of dollars. The banking system has been contrived so that these big banks always get bailed out by the taxpayers from their risky ventures, but the scheme has reached its mathematical limits.

There isn't enough money in the entire global economy to bail out the banks from a massive derivatives default today. When the investors realize that the "insurance" against catastrophe that they have purchased in the form of derivatives is worthless, they are liable to jump ship and bring the whole shaky edifice crashing down... Just the interest on the U.S. government's burgeoning $9 trillion debt will soon be more than the taxpayers can afford to pay. When that happens, the economy will collapse unless the monetary system is radically overhauled."

- OUT OF DEBT, OUT OF DANGER -

- NO MORE NATIONAL DEBT -

- THE BANKSTERS & THEIR MEDIA -

The "free press" envisioned by our forefathers is now owned and corporate-controlled by the same few hands who control our central bank. With capital controlling both money and media it results in a nearly insurmountable oligarchy, and removes the people from effective power over their lives. Only the internet remains today to allow people to find out the truth of their captivity, and work together to emerge from neo-slavery and corporate-state propaganda.

Despite the people's rights, wants, and needs, real banking reform remains problematic due to the fact that oligarchy, enclosure, and capital's political corruption have proceeded to the point where not only banking and key governmental posts but money-dependent politicians and major media sources have become organs of capital - with balance and fairness a thing of the past. As a result, legislatures filled with capital-dependent, re-electable, politicians, now cower before capital's media and fail to represent the vast, wage-earning, majority. In short, the Fourth Estate has become the First.

Heard any media debate on a public central bank lately? Ever?

Know the persons who own your central bank and major media?

Know the results of a Fed audit?

Know where the gold in "Fort Knox" is? The Amount?

Know why the Fed has an exemption from the Freedom of information Act?

Wherever democracy is so eviscerated and fraudulent it can only fail and necessary reforms cannot emerge. As a result, both predation and oligarchy proceed to the point where ruin and revolution occur, and with it new pogroms of Jews, Chinese, or Indians (depending upon the country) become inevitable. All such ruin, terrorism, and "kill the rich" retribution are due to the maintenance of what I term a gross "factor" imbalance in society - i.e., an imbalance of power between labor and capital (see this writer's Cap-Com, The Economics of Balance). It is the primary reason ruling oligarchies emerge and lead to monetary excesses fed and bred by their private central banks.

Having seen this sorry dynamic emerge so many times throughout history, one would think the very people in the forefront of movements to re-establish constitutional purse powers and democratic banking would be those of Jewish, Chinese, and Indian extraction. Count one such figure in Murray Rothbard, who noted the obvious fact in his last book (The Case Against The Fed) that "if government becomes `independent of politics' it can only mean that that sphere of government becomes an absolute self-perpetuating oligarchy."

Indeed, exactly this is what the "Federal" Reserve, Euro-Land, and all capital-controlled institutions have become - self-perpetuating oligarchies. Wherever such rude imbalance prevails, real reform must either emerge or turmoil, terror, and revolution are assured.

In sum, for those interested in central bank history and reform the following books are critical: The Case Against the Fed by Murray Rothbard, The Creature From Jekyl Island by G. Edward Griffin, The Secrets Of The Federal Reserve by Eustace Mullins, The Legalized Crime Of Banking by Silas Walter Adams, Confessions of an Economic Hit Man by John Perkins, and The Coming Battle by M.W. Walbert - a book lost, or rather buried, for over one hundred years which contains valuable insight and the hidden history about the battle over banking from the very founding of the Republic.

Together, these essential books reveal the largely unknown history of central banks, explain their machinations, and serve to counter the pervasive "independent" central bank propaganda. It is our politicians who must re-educate themselves on this matter and gather the courage to change a destructive, undemocratic, and unconstitutional banking system, as well as a corrupt campaign-finance and media regime. These ideas, debates, and reforms must come into being for us to emerge from a ruthless and counterproductive global oligarchy. Without new knowledge for the electorate and new courage from our representatives we cannot stop predation and ruin, prevent future pogroms, or ever hope to render a dismal and undemocratic banking structure a part of history and not of our future.

- How to Bring Economic Democracy to the U.S.A. -

A Proposal that Would Require the Following Amendment to the Federal Constitution:

AMENDMENT XXVIII

Money and Credit - Congress Asserts Power To Coin Money, and Emit Bills of Credit

[SECTION 1.] The Congress hereby asserts the power, granted in this Constitution, to coin money, and to regulate the value thereof. - And further, to emit non-interest-bearing bills of credit directly through the Treasury Department (on the Credit, and in the Name of the People).

[SECTION 2.] The Congress hereby authorizes the Treasury to issue a sufficient quantity of "dollars" to purchase back the capital stock of the Federal Reserve Bank from the private owners, by eminent domain.

[SECTION 3.] The Federal Reserve Bank shall henceforth be subsumed into the Treasury, and function as a Sub-Treasury Central Bank of issue. Henceforth they shall be one institution, and be called, formally, the Treasury of the Common-wealth of the United States of America, or commonly, "The Treasury of Common-wealth."

[SECTION 4.] The Treasury of Common-wealth, as the fountainhead of Credit-Creation in the nation shall henceforth issue as Money only non-interest- bearing Notes, and Mint coins of pure Specie, stamped with their weight and fineness. The books, accounts and records of the Treasury shall continually be open to public scrutiny.

[SECTION 5.] The Treasury of Common-wealth shall honor, and continue to pay (by means of non-interest-bearing notes, and checks) the interest on all out-standing U. S. Treasury Securities, as they come due. There shall be no further issues of Treasury Securities, or Bonds.

[SECTION 6.] The State Treasury departments, of each of the fifty States, are also hereby empowered, by the same creative principle [formerly given by charter to banks] to create Credit within their own jurisdictions, in the form of checks, signed by the State comptrollers, in accordance with appropriations made by the State legislatures, for the purpose of maintaining State institutions, infrastructure, and salaries.

[SECTION 7.] In accordance with the provisions of this Article, all banks and financial institutions in America shall receive new charters from the Treasury. The Treasury shall henceforth have the unique and sole power within the nation to create Credit - a function formerly granted by the government (and thus erroneously delegated) only to Banks. Henceforth private banks may charge interest, to service accounts.

[SECTION 8.] In Sum, this Article defines, and enhances the powers granted to Congress and the Treasury, under Article I, Section 8, Clause 5, of this Constitution. Furthermore, it amends and modifies Article II, Section 10, Clause 1, to empower State Treasuries to create (a limited amount of) non-inflationary Credit, in the form of check book money in order to meet the pressing needs of the states.

Mark Walter Evans
PaleoProgressives.org

Videos - Blogs - Websites

Welcome To The New World Order

Videos on Banking Malfeasance

97% OWNED - Why Money Really Rules the World

The Gold of The Rothschild

When Central Banks Rule the World

The Ring of Power - Empire of the City

How Ursury Killed the Economy

Anonymous: The Bankers Are The Problem

Banking - the Greatest Scam on Earth

The Time Is Nigh For The Bankers-Les Visible

The Money Scam (PDF)

The 3 'City States' That Rule the World

Text of Kucinich Monetary Reform Bill - H.R. 2990

The House of Rothschild - The Most Powerful World Bankers

Fiat Empire - Why the Federal Reserve Violates the US Constitution

The Capitalist Conspiracy

The Economics Of Private Banking

Stealing The World With Paper

Corrupt Banking System - How Money Is Created

Digital Coin

The Secret of Oz

American Monetary Act Proposal - Stephen Zarlenga

Public Banking Blog - Ellen Brown

Public Banking Institute

MoveYourMoney.info

The Fall of the Republic

Ron Paul Fed Audit Legislation

History Of The Federal Reserve

Zeitgeist - The Movie - Federal Reserve

David Ikes - What Is Money

The Money Masters - How International Bankers Gained Control of America

Money For Nothing - A Model For Economic Collapse

Quantitative Easing Explained - Video

- Books of Interest -
Web of Debt - Ellen Brown
Secrets of The Federal Reserve - Eustace Mullins
The Creature From Jekyll Island - G. Edward Griffin
The Case Against The Fed - Murray Rothbard
The Coming Battle - M.W. Walbert
Financial Terrorism - John F. McManus
The Legalized Crime Of Banking - Silas Walter Adams
Separation Of Bank & State - Edwin Vieira, Jr.
Confessions Of An Economic Hit Man - John Perkins
Cap-Com, The Economics Of Balance - Kent Welton
Monetary Revolution USA - David Redick