Archive for Fiat Currency

It’s not fair to destroy the dollar and cheat responsible savers! – Ron Paul to Ben Bernanke

Posted in Attack on Freedom, Attack on the Republic, Economy, End The Fed, Fiat Currency, General, International Bankers, Ron Paul, Shadow Government, The Banking Cartel with tags , , , , , , , , , , on July 26, 2010 by truthwillrise
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Alex Jones speaks some truth on why the Lebron James saga does not matter

Posted in Alex Jones, Attack on Freedom, economic tyranny, Fiat Currency, International Bankers, International Monetary Fund, New World Order, Police State/Martial Law, Shadow Government, The Banking Cartel, The Constitution, The Federal Reserve, Truth/Freedom, Tyranny with tags , , , , , , , , , , , , on July 12, 2010 by truthwillrise

Ron Paul Courageously Speaks the Truth

Posted in Attack on Freedom, Economy, End The Fed, Fiat Currency, General, International Bankers, International Monetary Fund, New World Order, News, Ron Paul, Shadow Government, The Banking Cartel, The Constitution, The Federal Reserve with tags , , , , , , on July 3, 2010 by truthwillrise

WATCH OUT FEDERAL RESERVE: Senate agrees to expanded ‘Audit the Fed’ provision

Posted in End The Fed, International Bankers, International Monetary Fund, New World Order, News, The Banking Cartel, The Federal Reserve with tags , , , , , , , , , , , , on July 1, 2010 by truthwillrise

GREAT NEWS: the Senate committee that is currently working on a compromise Wall Street reform bill to reconcile with the House version has agreed to expand an audit of the privately owned and controlled Federal Reserve.

While still not a total probe of the Federal Reserve System, the measure is being sold as a first step toward complete transparency of the U.S. central bank. Both the Senate and the House have already passed legislation that is intended to rein in the casino-like behavior on Wall Street. However, these two bills are noticeably different and have to be worked out in committee.

The House’s version would mandate multiple audits of the Fed’s discount windows and open market dealings, which would shed light on the Federal Reserve’s lending activity with U.S. and foreign banks. On the other hand, the Senate’s bill calls for only one audit.

Legislators are now hard at work on a compromise bill that addresses the disparities.

According to published reports, senators in committee have agreed to allow repeated audits of the Fed’s key functions. This will finally give the American public a window into how the central bank works to benefit the “banksters” themselves.

No one knows the exact details yet. But populist Americans are optimistic that whatever comes out of committee is going to impact the speculators and traders on Wall Street, who have driven the U.S. economy to the brink of collapse.

One online commentator remarked on the bill: “The details of the final proposal are still being worked out, but momentum is with advocates of Federal Reserve transparency.”

That is good news.

But even better news is the fact that, according to a new analysis by one of the largest banks in the world, the proposed Wall Street reforms will cost Wall Street as much as a quarter of its annual profits.

Citigroup reports that Goldman Sachs could lose as much as 23 percent of its profits when financial reform passes. Morgan Stanley could lose nearly 20 percent. JP Morgan is facing a hit of 18 percent, and Bank of America could see up to 16 percent of its gains disappear over night.

The losses are attributed to increased regulations that will force financial firms to cough up more of their own money to back the bets they make. There are also a host of new fees and taxes that will go in effect, which the
money trust will have to pay.

Inflation: The Tax You Don’t Notice

Posted in Attack on Freedom, economic tyranny, Economy, Fiat Currency, International Bankers with tags , , , , , , , , , , , , , , on June 16, 2010 by truthwillrise

It is often said ” money doesn’t go as far as it used to” . Most people chalk it up to rising prices or greedy companies and take it no further. However that is not truly the case. If people realized they were in actuality paying a hidden tax, they may ask some serious questions.

The American people pay scores of taxes on everything from gasoline to gurdles and everything in between. One of the least known and most insidious is known as inflation.

To understand inflation,one must have a basic understanding of how our banking and monetary system works. In short, our money does not in fact come from the treasury, but is loaned to the government by a private corporation known as the Federal Reserve. As with any loan, there is interest attached to it, which is why we have the income tax. This private corporation has a monopoly over the money supply and because of that the only place the “money” can come from to pay for the debt is from the Fed, they have to constantly increase the money supply to pay for it. Since our money is no longer backed by anything (i.e gold, silver), putting more money into the circulation only decreases the value of the currency.

A simple illustration of this is you buy a pound of meat for $1 and then more currency is put into circulation, that additional currency has decreased its buying power, thus it takes more of it to buy the same amount of goods and to reflect that diminished value the “price” of the meat increases to $1.50.

What this means for you is you must work more to maintain even your current standard of living. The cost of living adjustments that people receive are mere pittance, designed to appease and pacify a population that, for the most part, have no idea what is befalling them.

This is why it is imperative that sound money be restored. It would halt the erosion of our currency’s buying power and severely stifle inflation. Executive Order 11110, which allows the treasury to issue silver backed United States notes rather than fiat Federal Reserve notes should be reactivated. Bills such as HR 1207 which audits the Federal Reserve, HR 2750, which abolishes the Fed, need to be supported and passed in their original form.

The alternative is an ever decreasing currency, having to work even more and eventually a collapse of the currency and economy. The choice is yours.

Ron Paul Grills Bernanke On Watergate, Saddam Hussein and the Federal Reserve

Posted in Attack on Freedom, economic tyranny, Economy, Fiat Currency, General, International Bankers, Life Improvement, New World Order, News, Shadow Government, Stupid Government Tricks, The Constitution, The Federal Reserve, Tyranny with tags , , , , , , , on February 26, 2010 by truthwillrise

Sudeep Reddy
Wall Street Journal
Wednesday, February 24, 2010

Rep. Ron Paul (R., Texas), the chief critic of the Federal Reserve on Capitol Hill, used his five minutes at a House Financial Services Committee hearing this morning to explore the central bank’s role in Saddam Hussein’s reign and Watergate.

That’s right — Watergate and Saddam Hussein. Rep. Paul was airing allegations that the Federal Reserve has been used to funnel money for various nefarious causes. That’s why the Fed needs wider audits by Congress, Mr. Paul said.

His bill to audit the central bank’s monetary policy — a measure the Fed opposes — would include a lag of six months. Today, he sought to win a commitment to audit the Fed after 10 or 15 years. “Why couldn’t we open the books up 10 years back and find out the truth of these matters?” Mr. Paul asked.

Full story here.

Eliot Spitzer: “The Federal Reserve Is A Ponzi Scheme” (Inside The Fed’s Secret Pile Of Trash With Ratigan, Spitzer & Toure)

Posted in Business, economic tyranny, Fiat Currency, International Bankers, New World Order, News, Ron Paul, The Federal Reserve with tags , , , , , , , on February 11, 2010 by truthwillrise

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Best Quote Is Eliot Spitzer Calling The Federal Reserve A Ponzi Scheme

An outstanding discussion, primer and visual lesson on toxic assets, failed banks, the Federal Reserve, HR 1207, auditing the Fed, and you, the f*cked taxpayer.  Don’t miss this clip and then send it to someone else.  Pay it forward until we have millions of f*cked taxpayers who will at least be informed.  Awareness is our only chance.

And a Friday f-you to a few individuals: Alan Greenspan, Bob Rubin, Henry Paulson, Ben Bernanke, Tim Geithner, George Bushes, Obama, Nancy Pelosi, Bill Clinton, Barney Frank, Joseph Cassano, and James Cramer.

Now the acronyms: SIV, CDO, CLO, CMO, FDIC, TARP, TALF, TLGF, PPIP and finally, most vehemently CNBC (except Faber & Santelli), for covering all of this for the last decade, and still never telling the truth.

(From James) More green shoots from Dylan Ratigan’s awesome new show.  Dylan puts on his Banker hat and swaps a (literal) bag of trash, on-air, for $13.9 Trillion worth of Monopoly money from a guy wearing a “Fed” hat.  Dylan then explains why we should support Ron Paul’s Audit of the Fed (HR 1207) and explains in plain and simple terms how we have been screwed by the Fed’s bailout of the banks.  This is really good stuff.  I can’t help but admire Ratigan for what he’s doing with the new show.  From our perspective, it just gets better and better.  Here are just two of several choice morsels from this clip:

  • “The Federal Reserve just extended $14 Trillion of our money, our children’s money, America’s future…and now they don’t want to talk about what’s in the bag. And they did it because the banks created a garbage bag full of bad debts.” (4:45)
  • “I feel as if America has suffered the greatest theft and cover-up — ever, … where banks created a pile of garbage, that they paid themselves billions of dollars in personal compensation, and then stuck the trillions of dollars worth of garbage with the American taxpayer. That, to me, is stealing.” (7:05)