Abolish the Fed

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Comment by Beadbud5000 on February 22, 2009 at 6:34pm

On the aweful feeling of not being able to see what is going on 'behind the curtain' in government and banks, it is easy to get paranoid!
I had this weird experience at a bar up north. There was just me and the bartender. The bartender started talking about the notion of a meeting between 9 influencial families back around 1971. I remember in high school, hearing about such rumors back in the seventies.
He implied that ultimately the Neo-con movement stems, in a way, from that meeting. That was in late 2005 or early 2006. I figured he forgot his meds that day (LOL)! No, but seriously, the Operation Itch video makers are all good and they have a good outlit for their analytical & political thinking... Operation Itch is pretty cool! It seems to help us to keep focused.

Comment by Trudy on December 16, 2008 at 12:51am

Just watched a series of very interesting videos on you tube on this. Check it out.
http://www.youtube.com/watch?v=7auQEXTWomA&feature=related

Comment by Ken on October 11, 2008 at 12:28pm

either am I compared to what a lot of people out there know, there's a lot things going on behind the curtain

Comment by wannabechef on October 11, 2008 at 6:04am

I'm not up on my economics... but I know a shell game when I see it.

Comment by Ken on October 6, 2008 at 9:09pm

is it just me? I find it ironic that Jackson is on the $20 bill...the fact that he'd be on any bill is an injustice

Comment by Ken on October 5, 2008 at 9:15pm

*Note - i live in jersey so everything is either north, south, or west

Comment by Ken on October 5, 2008 at 9:14pm

to further the fervor i have against the monetary system, i wrote a paper for my school's paper - goes a little something like this *inspiration from DF, most appreciated : ) *

Let your brains open up for a second and take time to realize the things you aren’t told. Let us travel back to December of 1968 in a state west of us; Minnesota. During this a time, a man by the name of Jerome Daly had been taken to court by the First National Bank of Montgomery (not located in Alabama…just in case you were wondering). The bank had offered a loan to Mr. Daly, a mortgage to be exact, and now the bank wished to attain Daly’s lot upon foreclosure. Here’s part of the transcript to feed your appetite for that ever so grumbling hunger for justice:

The bank stated its case as a “Common Law action for the recovery of the possession of Lot 19 Fairview Beach, Scott County, Minn. Plaintiff claimed title to the Real Property in question by foreclosure of a Note and Mortgage Deed dated May 8, 1964 which Plaintiff claimed was in default…”

So you see here we have something done all the time by banks and it would be just that Mr. Daly paid his dues…right? Well in America we go by a little thing called “presumption of innocence” so it would just to let Daly speak on his behalf and so he protested:

“The Plaintiff created the money and credit upon its own books by bookkeeping entry as the consideration for the Note and Mortgage of May 8, 1964 and alleged failure of the consideration for the Mortgage Deed…”

For those who do not know monetary jargon (I myself had to look it all up) he is saying that the bank made up numbers and money from nowhere, thin air if you will, and the actual cross examination between Daly and the bank president went a little something like this.

Daly asked the Bank President:
"If you were just opening up your bank and no one had yet made a deposit,
and I came into your bank, and wanted to take out a loan of $18,000.00,
could you loan me that money?

The Bank President said, "Yes."

Jerome replied, "Does this mean that you can create money out of thin air?"

The Bank President said: "Yes. We can create money out of thin air."


Well I’ll be. In actuality, this is a common bank practice done every day. What happens is that a bank and the person taking out money need property to exchange; real estate for credit. The term for this is called consideration. But in reality the bank does not take money from existing assets…they create it from nothing. The court memorandum stated that “The money and credit first came into existence when they created it. Mr. Morgan [bank president] admitted that no United States Law Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note.”
Justice Martin V. Mahoney thus indefinitely denied the bank’s right to a foreclosure and Daly walked away with his property. Now I have your minds doing some overtime from the proverbial worry about what’s for lunch and the time to go home. I’m not going to spell it out for you but let the idea up in your noggin say something about Fed and the “All-Mighty Dollar”.

Just to refresh your memory on the basics of the U.S. Justice System – Once a verdict is determined it is thus a precedent and so any legal action taken on basis of this kind of case is already predetermined by first case called upon.

“Nothing in the Constitution of the United States limits the jurisdiction of this Court, which is one of original Jurisdiction with right of trial by Jury guaranteed.” - Quote from the memorandum

And the ever so sweet cherry on top for you to wrap your heads around is this little note – Justice Mahoney was poisoned six months later after the case went into the books.

Comment by Ken on October 1, 2008 at 9:37pm

I'm all about doing the research, doing the homework, etc... see what you can find