The Banking Robbers (continued - page 3) Will This Ever End? Yes. Historically, the Fed used the reserve requirement and discount rate under the guise of controlling inflation.  This mix of monetary policy created either a recession or depression, and banks captured staggering amounts of wealth - not money - by confiscating collateral such as houses, land and businesses.  One can only imagine the amount of wealth created during times of economic prosperity followed by periods of recession / depression.  At present, if banks extend credit properly, and most often banks do, then they stand "to gain either way.  If the loan is paid off, the bank has made a fantastic return, and if it is not paid off, the bank is in a position to claim the collateral” (Maisel 75).   It is evident that there is a trend of ever-increasing inflation as well as a system of wealth confiscation of the Fed by its manipulation of monetary controls, manipulation free from public interests while laden with the interests of Federal Reserve stockholders.  The ability of consumers to keep up with inflation, i.e. rise in household incomes, has not, unfortunately, increased in proportion to the rate of inflation despite the Fed’s cark that “unprecedentedly high levels of household indebtedness could lead to economic contraction” (Olney 319).  By inflating prices of all products and services where prices exceed consumers’ ability to pay in cash, coupled with a voraciously driven, American appetite for mostly newer products and services, the Fed has created a gigantic need for borrowing money.  This is a very deceptive, if not criminal, result of the ruthless nature of the Federal Reserve, particularly since it is impossible to pay back the debt issued by the Fed under its debt-based, fiat-dependent system.  By this system, Americans have no choice but to be forced into bondage under the Fed.  And As inflation continues to increase, it will become evermore difficult for Americans to maintain interest payments on debt, private and public, and as a result, financial collapse will occur.  Collapse is inevitable, because all debt’s interest exceeds the supply of money necessary to service the interest.   The Holy Bible puts it this way:  “The rich rules over the poor, and the borrower becomes the lender’s slave” (New American Standard Bible, Prov. 22.7).  This is an absolutely true statement, but an even worse tragedy is most Americans do not even know they are slaves to the banks as well as to their tax-hungry government which is has also become servant to the Fed.   Eventually, because of the Fed’s manipulation of monetary controls and an American ignorance unparalleled before in our history, Americans will fail to pay their private debts, and our own government will not be able to service the public debt any longer with taxpayer money.  The U.S. Government will, by lawful mandate, allow the banks to confiscate the public and private wealth of an entire nation, the United States.  Thus, the Fed could ultimately, if it wills, own the nation.   Some would argue, however, that the Fed would not do this because its largest source of income - U.S. citizenry - would perish.  But since the Fed can already create money, then power would be the only and ultimate thing left to gain, and owning a nation’s wealth is powerful.  It stands to reason that the Fed already wields unmerciful power over its borrowers, just like a master over his slaves.  Also, the Federal Reserve, after confiscating the wealth, can just mortgage it again, starting the system once again without a thought.   John Maynard Keynes, the “father” of this debt-based economic system, wrote in his Economic Consequences of the Peace (1919):  “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens” (qtd. in Jaikaran 52).  Keynes was right, but he forgot to mention that the Federal Reserve would be the force behind the government.
Note:  The preceding report about the Federal Reserve was originally written for a class in 2002.   The public debt then was about $6.25 trillion.  The public debt now (March 2005) is almost $7.8 trillion - an almost 25% increase in only two years!  "So what?," you say?  How about third-world status after this crash - that's the "so what."  No more Suburbans or satellite dishes, just bondage and misery. Got your attention now?  Probably not. The majority of the text focused on the Fed and the fraudulent dollar, but there is a whole other story surrounding the Fed's creation, which at best is conspiratorial, and a conspiracy is a crime.   I encourage you to do your own research into who and what was involved with creating the Federal Reserve as well as read the Federal Reserve Act of 1913 which was passed into law during Congress' Christmas recess of that year.  If anything, email me with questions or refutations of which I will gladly answer both.  To this date, I have not been stumped.   Before you brush this off by watching the next life-changing episode of Fear Factor or basketball game, consider this:  Why do so many of us know so little about our money, yet it is the only thing every one of us has in common?  Money is what we all have in our possession right now, what we all need, what we all work for, what we all want, and what some would and have died for.  Some have even sold their souls and murdered others for the dollar, yet nada understanding of what it truly is:  a fraud.  There's a reason government schools teach sex-education and promote sodomy in lieu of our banking system and what the Constitution says about it (Article1, Section 8). Youv'e been warned; you have no excuse after reading this report. God help us.
Works Cited Board of Governors of the Federal Reserve.  The Federal Reserve System:  Purposes and Functions.  Washington, D.C.:  Federal Reserve Bank, 1974. “Domestic Financial Statistics.”  Federal Reserve Bulletin Oct. 2002. Federal Reserve Bank of San Francisco's Digital Gateway to the Fed, The.  28 Aug. 2002.  Federal Reserve Bank of San Francisco.  24 Oct. 2002  <http://www.frbsf.org/>. “Fiat.”  Merriam Webster’s Collegiate Dictionary.  10th ed.  1994. Greider, William.  Secrets of the Temple:  How the Federal Reserve Runs the Country.  New York:   Simon and Schuster, 1989. Grey, George B.  Federal Reserve System:  Background, Analyses and Bibliography.  New York:   Nova Science, 2002. Jaikaran, Jacques S.  Debt Virus:  A Compelling Solution to the World’s Debt Problems.  Macomb, Illinois:  Glenbridge, 1992. Larson, Martin A. The Federal Reserve and Our Manipulated Dollar.  Connecticut:  Devin-Adair, 1975. Maisel, F.W.  Great American Ripoff:  An Indictment of the Federal Reserve Board.  San Diego:   Condido, 1983. New American Standard Bible.  New York: Thomas Nelson Publishers, 1983. Olney, Martha L.  “Avoiding Default:  The Role of Credit in the Consumption Collapse of 1930.”   Quarterly Journal of Economics 114.1 (1999):  319-331. Public Debt: Bureau of the Public Debt Home Page.  25 Oct. 2002.  U.S. Department of the Treasury.  25 Oct. 2002  <http://www.publicdebt.treas.gov/>. United States Department of the Treasury.  25 Oct. 2002.  25 Oct. 2002 <http://www. ustreas.gov/>.
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