The Not-So-Federal Reserve is Bankrupting Our Nation by Jonas Clark
Published by Jonas Clark Monday, March 23rd, 2009 in Breaking News, Economy and the Christian, Politics and the Christian, Recession Freedom Strategies |
Tell the not-so-federal Federal Reserve to take their dirty rotten hands out of your pocket. They are redistributing the people’s future wealth to the bankers.
Where is the public outrage? How many banker and Wall Street bailouts do we have to endure? For the last several weeks Americans have been on the edge of their seats. They are outraged because a bailed out, bankrupt company named AIG was too big to fail in the eyes of some politicians and received $182.5 billion in taxpayer dollars to keep their doors open. The current revulsion was over millions paid out in bonuses ranging from $165 to $220 million and counting. Bonuses were “showered like confetti” on AIG employees, according to Attorney General Richard Blumenthal. Many think if our government would have let this company file bankruptcy these issues would have been dealt with the old fashioned way, Chapter 7 or 11.
Something even more sinister, however, took place on March 18. “What was it,” you ask? It was the operation of a bunch of moneychangers known as the Federal Reserve. They decided it was time to print boat loads of green ink on white paper… more on this in a minute.
I remember waiting for the televised interview of Edward Liddy, the new president of AIG, on Wednesday. I knew he was about to get hammered by Congress, but right in the middle of questioning the program was interrupted with a breaking news story. The Federal Reserve released a statement that it would create $1.2 trillion out of thin air. A whopping $300 billion would go to purchase long-term Treasury bonds with the balance going to purchase more mortgaged-backed securities, also known as big banker’s toxic waste. That’s right, the Fed decided to buy more banker debt with newly minted money. Just how much money did these people really lose?
TIMING IS EVERYTHING
The first thing that got me thinking was the timing of the news report. Why Wednesday? Why during the interview with the president of AIG? Hmm… Did it have something to do with distracting us from the AIG hearing? Is there more to the timing than meets the eye? What will the next distraction entail? Who knows? But that’s not all.
As bad as it is to spend taxpayer money to fund employee bonuses at a failed company that Washington D.C. won’t let go into bankruptcy, the public outrage should have come rather after news that the Fed is printing of $1.2 trillion. Within minutes of the announcement, gold shot up from $888 an ounce to over $959. Next, commodities including oil, gas and other commodity futures, spiked.
Think about it like this. Remember the $787 billion stimulus package that was so hotly debated from coast to coast? It created quit a stir within our nation. The media covered it. Talk shows used it for programming and late night comedians had fun with it. Suddenly, however, and without any debate or congressional oversight, the Federal Reserve (which, by the way, is no more Federal than Federal Express) decided to deflate our currency and purchase more bad loans originated by their banker buddies.
Again, how much are we the American taxpayers willing to cover? Is it $2 trillion, $5 trillion, $25 trillion or $50 trillion? Where is this going to end? When will these bailouts become treasonous behavior on the part of our government’s leadership? Tyranny, after all, is the worst corruption of government. Aristotle wrote, “No freeman, if he can escape from it, will endure such government.” This beckons the question, “Are we still free?”
According to a Bloomberg report just days later, “The dollar dropped the most against the currencies of six major U.S. trading partners since the Plaza Accord almost a quarter-century ago as the Federal Reserve’s plan to purchase Treasuries spurred speculation that it’s debasing the greenback.” Friends, that’s not “speculation” of debasing the currency. It’s a done deal and you had no part in the decision! They also reported the U.S. Dollar dropped 4.8 percent against the Euro. Think about that. If you make $50,000 a year then you just lost nearly $2,500 in purchasing power on Wednesday afternoon. No sandy beaches in Florida for you this year. But wait, there’s more!
When the Federal Reserve prints money out of thin air and gives it directly or indirectly to banks by buying their bad loans, those banks are allowed to lend that money out with leverage. Let’s say they use 9 times for leverage. That may take some serious restructuring after years of 30 times. That means the $1.2 trillion will increase to over $9 trillion. Now that’s an inflation factor that should wake you up.
Getting robbed by a bunch of bankers makes people angry. That’s obvious as the current gathering of thousands of tea party protesters meeting around the country. So what’s the effect of a diminished currency? The answer is a decrease in purchasing power meaning an increase in the cost of everything. The price of food, for example, just went up. The price of gasoline just went up. The price of electric just went up and so forth and so on. What happened? You just bailed out some more bankers.
YOU SHOULD BE OUTRAGED
So where is the public outrage by the Federal Reserve’s actions? Why is that being overlooked? I believe there is little public choler because the people don’t know what it means to them. Thankfully we have the Internet and articles like this one. In times past, the media skirted the truth and kept us ignorant. Now, however, you and I can get out of the Matrix and discover the truth for ourselves.
Thomas Jefferson said something that we really need to consider. “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
The Federal Reserve has set our nation’s monetary policy according to the will of bankers, not the will of the people. D.C. politicians continue to turn their heads, yet finally we regular Joe-the-Plummers are starting to see what’s really going on. Our nation is being looted and plundered. The good news is that we are waking up to the evil workings of corrupted politicians and vile moneychangers. Think these words to hard?
The great Protestant reformer Martin Luther said of the bankers, “The heathen were able, by the light of reason to conclude that a usurer (banker) is a double-dyed thief and murder. Whoever eats up, robs and steals the nourishment of another, that man commits as great a murder as he who starves a man or utterly undoes him. Such does a usurer.”
What we need now is to take this information to the next level. The next level is educating friends and family to the wickedness of a shadow government working through the Federal Reserve. It’s because of Federal Reserve policies and Wall Street greed that our nation is in financial trouble.
The bottom line is this. Until we see public outrage over the Federal Reserves’ wiles, tricks, schemes and games with our currency we will not be safe. If we are going to have a righteous revolution and see liberty and justice restored for all then it needs to start here.
Let me leave you with one more thought. In discussing the Bank Renewal bill in 1832 President Andrew Jackson said, “Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”
Let’s grab the same reforming spirit of Andrew Jackson and restore our nation’s economy God’s way.
Your partner,
Jonas Clark
5 Comments to The Not-So-Federal Reserve is Bankrupting Our Nation by Jonas Clark
APRIL 15TH TEA PARTY—@ YOUR LOCAL POST OFFICE—THE ONE OPEN LATE–MEDIA WILL BE THERE—3 PM TILL……. THE REVOLUTION WILL NOT BE TELEVISED……………..
ProDigitMarch 24, 2009
On the other hand, by deflating the dollar so much and lending money, congress could now decide (after the lended money) to start shredding old bills!
This would cause the dollar to go up!
If USA lended 3billion dollars when the dollar was low,their aim will probably be to pay it back when the dollar gets high, and they can do this in a matter of a few days. Just ask Fed.Res. to delete bills, and the dollar shoots up, and pay back debt.
Plus, the dollar is an interesting currency when it’s as low as this!
When I lived in belgium I used American Airlines to fly to USA, mainly because it’s an american company, but also because their prices where lower; especially on the times of a low dollar I could get a flight TO and BACK miami (from brussels) for only 450 euros or back in that time close to $750.
A good price for a flight ticket I’d say!
Sure there are bad things about printing money, but there are new dollar bills anyways (those with more colors) so it’s a good time to get rid of those more simple old ’70′s green bills that probably are being printed illegally in many places.
Like someone said yesterday on the 700club with Pat something… , (my paraphrasing:) the congress is either as stupid as a goat, or they have a plan!
When we begin to resigning our democratic freedoms as we have we should not be surprised by the outcome. We have a few speaking for the masses…with the few seeking global power, so their motivations are only for themselves. Yet we continue to hand over the power to the government because otherwise that would make us have to be responsible for something, which we also have lost the ability to do. We have private businesses acting as federal institutions and making the decisions as though it were….and we are okay with it. We have a debt load that won’t be paid off for generations to come.
We, the people, have handed over (what began as) our power to people that were never meant to have it. Until we choose to make a change, this situation will not get better it will get worse…and we will find ourselves owned by China. Whose for state sponsored church?????
ProDigitMarch 26, 2009
State sponsored church means literally nothing.
It’s a good way to keep smaller churches alive.
The state owns the church, due to the churches outreach on the streets to get the fallen ones and help them integrate back into society.
Good churches (consisting of 30 and above families) suppose to have a good enough income through tithing to make it.
ProDigit,
Your statement for state sponsored church contradicts the entire New Testament. State sponsored church is an abomination. Government is a corrupting factor and will definitely corrupt the church if given an opportunity to. In our world today we need far less government rather than more. What if the government attempts to do something that violates scripture and the church is state sponsored? The church is then obligated to support the governments agenda because it is being funded by government dollars. Lastly, the one that sponsors the church is Christ…not man in any of his prideful ways.
Search
 |
|
Keep in touch with Jonas
as he discusses topics of interest to the hungry believer including:
|
Categories
Archive
Links
Blog Services
March 23, 2009