"The Federal Reserve Anamoly"

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    Quotes from the 2010 book "THE TRILLION-DOLLAR CONSPIRACY" by Jim Marrs:

    Page 57:

    THE FEDERAL RESERVE ANAMOLY

    IN AMERICA, THE BANKERS of the Federal Reserve System have the greatest control of the nation's money. Because the Fed is at the center of U.S. monetary policy control, it has become the central bank of the United States. By changing the supply of money in circulation, the Fed influences interest rates, which in turn affects millions of families' mortgage payments. It also can cause financial markets to boom or collapse and the economy to expand or contract into recession.

    The Fed is "the crucial anomaly at the very core of representative democracy, an uncomfortable contradiction with the civic mythology of self-government," wrote William Greider. His 1987 book 'Secrets of the Temple: How the Federal Reserve Runs the Country' disparages "nativist conspiracy theories" yet presents an eloquent conspiracy argument for the Fed's control.

    Consider that a paper bill is simply a promissory note to be traded at some point for something of value. It thus makes sense to perceive paper money as valuable as real goods or services. This viewpoint worked well before the invention of interest. The early goldsmiths in Europe who warehoused gold coins used their stockpiles as the basis for issuing paper money. Since it was highly unlikely that everyone would demand their gold back at the same time, the smiths became bankers, loaning out a portion of their stockpile at interest for profit. This practice--loaning the greater portion of wealth while retaining only a small fraction for emergencies--became known as fractional reserve, or fractional banking. This system worked well until everyone suddenly wanted their deposits back and started a "run" on the bank. Banks runs, or depositors demanding their money back all at one time, were a major cause of financial damage during the Great Depression of the 1930s. But runs are not just history. In early 2008, Northern Rock Bank, the fifth-largest bank in the United Kingdom, was nationalized by the government due to financial problems by the subprime mortgage crisis and a run on its branch banks.

    After the invention of fractional banking came the implementation of "fiat" money--intrinsically worthless paper money made valuable by law or decree of government. An early example of this system was recorded by Marco Polo during his visit to China in 1275. Polo noted the emperor forced his people to accept black pieces of paper with an official seal on them as legal money under pain of imprisonment or death. The emperor then used the fiat money to pay all his foreign debts.

    "One is tempted to marvel at the [emperor's] audacious power and the subservience of his subjects who endured such an outrage," wrote G. Edward Griffin, "but our smugness rapidly vanishes when we consider the similarity of our Federal Reserve Notes. They are adorned with signatures and seals; the government pays their expenses with them; the population is forced to accept them; they--and the 'invisible' checkbook money into which they can be converted--are made in such vast quantity that it must be equal in amount to all the treasures in the world. And yet they cost nothing to make. In truth, our present monetary system is an almost exact replica of that which supported the warlords of seven centuries ago."

    Nowhere was the art of making money out of money more developed than in the ancient Khazar Empire, which evolved from nomadic raider-clans operating on the east-west caravan routes in the Caucasus Mountain region north of Iraq and between the Black Sea and the Caspian Sea. By the tenth century, the Khazars had created a wealthy empire that stretched from north of the Black Sea to the Ural Mountains and west of the Caspian Sea to the Dnieper River.

    The warlords of the Khazar thought that exchanging and loaning money would be more profitable and less hazardous than raiding caravans. There was one problem. The Khazar Empire was almost evenly divided among Christians, Muslims, and Jews. Both Christians and Muslims believed that charging interest on a loan, than called usury, was a sin. Only Jews could openly charge interest on loans. Whether they did it out of pragmatism or actual religiousity, the Khazar aristocrats professed a conversion to Judaism. According to the 'Random House Encyclopedia,' "Some scholars believe they [the Khazars] are the progenitors of many Eastern European Jews." This would include the renowned Rothschild family, who finacially ruled Europe for more than a century. Conspiracy researchers claim they still dominate the world financial order and have been the financial backers of the Rockefellers and other wealthy families. It might be noted that none of these converted Khazarians had any connection whatsoever to Palestine, yet these were among the Russian progenitors of the political movement known as Zionism.

    The 1917 Balfour Declaration, a statement by British foreign secretary Alfred Balfour that guaranteed a Jewish home in Palestine and was later approved as a mandate by the League of Nations, is acknowledged as the foundation for the creation of the state of Israel. This letter originally was a reply to a leading Zionist, Baron Walter Rothschild, the first unconverted Jewish peer in England's House of Lords.

    The money-management methods of the Rothschild banking dynasty have been emulated for decades by the globalist financiers, whether Jewish or otherwise. One key component of this management is secrecy. Utilizing bought-off politicians, who catch the public rage and scrutiny, major globalists are able to operate out of the public eye almost with impunity. Derek Wilson, who chronicled the Rothschild empire in his 1988 book 'Rothschild: The Wealth and Power of a Dynasty,' wrote, "Even when, in later years, some of them [Rothschilds] entered parliament, they did not feature prominently in the assembly chambers of London, Paris or Berlin. Yet all the while they were helping to shape the major events of the day: by granting or withholding funds; by providing statesmen with an official diplomatic service; by influencing appointments to high office; and by an almost daily intercourse with the great decision makers."

    The invention of the printing press, which allowed the printing of paper money as well as the Bible, led to the Age of Enlightenment and the decline of the Roman Church. Money replaced religion as the new control mechanism of the wealthy elite. And despite the popular myth, the American colonial revolt against England occured more over concern for its own currency than a small tax on tea. Benjamin Franklin wrote, "...the inability of the colonists to get the power to issue their own money permanently out of the hands of George iii and the international bankers was the prime reason for the Revolutionary War." As previously discussed, wealth equals power. And the American revolutionists knew that to gain true freedom, they had to break the power of the Rothschild-dominated Bank of England, which had outlawed their money--colonial script.

    Page 60:

    Once America's freedom was secured, Founding Fathers Thomas Jefferson and Alexander Hamilton began arguing over whether or not to adopt a central bank. Hamilton believed in a strong central government with a central bank overseen by a wealthy elite. "No society could succeed which did not unite the interest and credit of rich individuals with those of the state," Hamilton wrote. Supporters of Hamilton's elitism formed America's first political party, the Federalists. Hamilton, once described as a "tool of the international bankers," argued that "A national debt, if it is not excessive, will be to us a national blessing. It will be a powerful cement to our nation. It will also create a necessity for keeping up taxation to a degree which, without being oppressive, will be a spur to industry."

    America's first central bank, the Bank of North America, was created in 1781 by Continental congressman Robert Morris, who modeled the bank after the Bank of England. The bank was formed before the constitution was drafted and was wrought with fraud and plagued by inflation caused by the creation of baseless "fiat" currency. The bank lasted for three years. Morris's former aide, Alexander Hamilton, became secretary of the Treasury and in 1791 headed the next attempt at a central bank by establishing the First Bank of the United States. He was strongly opposed by Jefferson and his followers. In 1811, the charter of the First Bank of the United States was not renewed.

    Jefferson knew from British and European history that a central bank trading on interest could quickly become the master of a nation, noting to John Taylor in 1816 that "...the other nations of Europe have tried and trodden every path of force or folly in fruitless quest of the same object, yet we still expect to find in juggling tricks and banking dreams, that money can be made out of nothing....anking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." Jefferson added, "Already they have raised up a money aristocracy.... The issuing power should be taken from the banks and restored to the people to whom it properly belongs."

    Jefferson believed that instituting a central bank would be unconstitutional. "I consider the foundation of the Constitution as laid on this ground [enshrined in the Tenth Amendment]: That 'all powers not delegated to the United States, by the Constitution, nor prohibited by it to the States, are reserved to the States or to the people.' To take a single step beyond the boundaries thus specially drawn around the powers of Congress, is to take possession of a boundless field of power, no longer susceptable of any definition. The incorporation of a bank, and the powers assumed by this bill, have not, in my opinion, been delegated to the United States, by the Constitution."

    Despite Jefferson's lobbying, the financial chaos that resulted from the War of 1812 prompted Congress to issue a twenty-year charter to the Second Bank of the United States in 1816. Andrew Jackson, the first president from west of the Appalachian Mountains, denounced the central bank as unconstitutional and as "a curse to the republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country." This central bank ended in 1836, after President Jackson vetoed a congressional bill to extend its charter.

    Much to bankers' dismay, Jackson fully eliminated the national debt by the end of his two terms as president. It was probably no coincidence that America's first assassination attempt was made on Jackson by a man named Richard Lawrence, a man who claimed to be in touch with "the powers in Europe," who had promised to intervene if any attempt was made to punish him. Lawrence was a painter, and many speculate that at the time the lead in his paints had caused him to become mentally unbalanced and fancy himself the rightful king of England. After stalking Jackson for several weeks, on January 30, 1835, a particularly humid day, he approached the president coming from a funeral. Stepping suddenly from behind a pillar, Lawrence pulled two pistols but both misfired, most likely due to damp powder. Lawrence was swiftly wrestled to the ground by onlookers, including Congressman Davy Crockett aided by Jackson. At his trial, Lawrence was prosecuted by Francis Scott Key, author of "The Star-Spangled Banner." The jury took only five minutes to find Lawrence insane and he spent the rest of his life in mental institutions, dying in 1861. Although many persons, including Jackson, believed Lawrence was part of a larger conspiracy, at the time there was no evidence to prove whether he was merely a lone-nut assassin or an early-day patsy somehow manipulated into attacking Jackson, an implacable enemy of the international bankers. However, it might be worth noting that in two successful presidential assassinations--those of Abraham Lincoln and John F. Kennedy--both men were attempting to thwart the international bankers--Lincoln by issuing his own money, greenbacks, and Kennedy in bypassing the Fed with U.S. notes in 1963.


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