During a Republican primary campaign rally at the University of Michigan in October, 2007, Rep. Ron Paul was greeted by supporters who began shouting “End the Fed, end the Fed,” as he began talking about monetary policy.
The cry resonated, and soon the whole crowd had taken up the cheer and some were holding burning dollar bills as if sending a message to the central bank. Almost a year later, at Paul’s counterconvention in Minneapolis, 12,000 people started the chant before Paul even mentioned the Federal Reserve. With that, the title for Paul’s latest book, End the Fed, was written.
Paul is an 11-term congressman from Texas, and a sound monetary policy has been one of his major policy aims. He currently has a bill before Congress that would lead to an audit of the Federal Reserve. The bill has 317 co-sponsors in the 435-member House of Representatives.
The response of his supporters during his campaign and the subsequent support of his fellow members of Congress have encouraged Paul that Americans are beginning to understand the devastating effects the Federal Reserve has had on America’s economy.
End the Fed begins with Paul laying out the argument for why people should care about and question the basis for the Federal Reserve. He writes:
“…the Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.
“Given that money is one half of every commercial transaction and that whole civilizations literally rise and fall based on the quality of their money, we are talking about an awesome power, one that flies under cover of night. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed’s power.”
Paul writes that some like the illusion and just want to get back to the time when everything was good. But those “good times” were a mirage—a creation of the appearance of wealth by the Fed.
The book gives a brief history lesson of the origins of the central bank in general in the United States, and the Federal Reserve in particular. The book is also partly autobiographical, as Paul describes boyhood lessons and influences that piqued his interest in money and monetary policy.
While it was formed under the idea that it would be able to protect the monetary and financial system against inflation and violent swings in market activity, the Fed has done just the opposite. Paul quoted a statement from the Comptroller of the Currency in 1914: “…under the operation of this law such financial and commercial crisis, or ‘panics,’ as the country experienced in 1873, in 1893, and again in 1907, with the attendant misfortunes and prostrations, seem to be mathematically impossible.”
Yet Paul points out that the National Bureau of Economic Research says there were recessions in each of the following years in the 20th Century: 1918-1919, 1920-1921, 1923-1924, 1926-1927, 1929-1933, 1937-1938, 1945, 1948-1949, 1953-1954, 1957-1958, 1960-1961, 1969-1970, 1973-1975, 1980, 1981-1982, 1990-1991, 2001 and 2007, which is the current panic of which there is no end yet in sight.
And the Fed has devastated the purchasing power of the dollar, Paul writes. The goods and services you could buy in 1913 for $1 now cost nearly $21. Put another way, the 1913 dollar is now worth less than five cents. We might say the government has stolen 95 cents of every dollar, according to Paul.
Central banks such as the Federal Reserve, Paul writes, prove useful for governments wishing to fund wars. The elastic money supply of a system based on central banking allows governments to pay for their wars without worrying about where the money will come from. Without central banks, governments were forced to economize their resources and they often found diplomatic solutions to their disputes. If wars actually started, countries sought to end them as quickly as possible.
But for European governments in the late 19th Century, fiscal limits were removed because of central banks. Now, governments were free to print what they needed and governments were more willing to pick fights and pull the trigger.
“Might a diplomatic solution have been found for the struggles that led to World War I had the Germans and English not had recourse to the printing press and a lender of last resort?” Paul asks.
After laying historical groundwork of the devastation the Federal Reserve has caused to the American economy and about discussions he has had with Federal Reserve chairmen Alan Greenspan and Ben Bernanke, Paul begins making the case for abolition of the Fed.
He makes his arguments on philosophical, Constitutional, economic and libertarian grounds. He then explains the consequences and provides a roadmap for the way out of the mess.
End the Fed provides an excellent overview of the nature, origin and result of a central banking system and also opens the doors on Paul’s fiscal views. Anyone interested in economics and monetary policy of the U.S. would benefit from reading this book.
The cholesterol myth has led the public to reject foods like eggs, butter, whole raw milk, cheese and fatty meats, and that myth is the foundation for the multi-billion dollar cholesterol (statin drug) industry. The ploy is to create a crisis and give a profitable solution.
The public is told that these foods are the major sources of cholesterol. What the public is not told is that these foods also carry the best antidote for cholesterol. The phospholipids and lecithins are always naturally associated with cholesterol. The loss of these phospholipids, by omitting the above foods, is more certain to cause serious trouble than any excess of cholesterol. You must have a balance of good high-density lipoprotein (HDL) cholesterol for optimum heart and brain function.
The natural phospholipids in natural food which include lecithins are a part of the vitamin E complex. The E complex loses as much as 99 percent of its potency if the associated phospholipids are removed as is done with synthetic and manufactured foods.
Cholesterol is not a health issue and is not a marker for heart disease or cancer if natural foods such as those listed above are eaten. They carry their own antidote phospholipids and lecithins.
Government printing press money distorts economic reality and dilutes morality. Financial speculation rises with the increase in paper money and the general work ethic deteriorates. The something-for-nothing mentality pervades society.
Paper money promotes the “quick buck” syndrome like narcotics peddling and hookers on the streets. Hookers, incidentally, were widespread in the Weimar Republic in Germany in 1923 because the women had to sell their bodies for food for themselves and their families. The social order visibly deteriorates. The morality of the stable gold standard gradually changes to the amorality of fiat. Few people see the cause and effect and the politicians try to legislate human behavior. They always fail as the system is overrun with jails and prisons.
Fiat promotes an illusory reality where non-substance such as financial speculation and gambling replaces the substance of industrial production and long-term value.
When consumption surpasses income, as the government and the politicians promote, distorted human emotions replace stable behavior. Social breakdown increases and real values are forgotten.
Prices of labor and craftsmen escalate beyond all reason when there is never enough money. Service repairmen charge like medical doctors.
When labor and supplies are valued in fiat, everything becomes distorted. In the final stages of hyperinflation there is no anchor to sanity and common sense.
Paper money expands consumption way beyond income. This eventually guarantees debt collapse and social breakdown. The foundation of the household collapses and the middle class is destroyed. Paper money is an illusion because it is non-substance and can be created by the government to infinity. When the people accept numbers on green strips of paper or computer symbols for money, they accept illusion for reality. They accept non-substance for substance. Real money (gold and silver) comes from the earth and human production. It is no illusion.
Future generations are cheated out of life because working mothers give up newborns for fiat paper money. They unwittingly exchange new life for paper money, and more paper money and consumption. This is what the system promotes.
What Comes Next?
I believe that I can assure you that three years from now the dollar purchasing parity will be about 30 cents as compared to the present. I don’t know why it is not obvious to people who have dollar savings.
There are many controls coming. As paper currencies come to their end, governments greatly step up suppression of the people. They start foreign wars. They attack their own population with high-sounding hypocrisy. Government makes criminals out of honest men—“in the public interest,” of course.
Default of the United States? Not formally but by stealth, depreciation of the currency (inflation). Will the U.S. world system hold? Yes, as long as world fear factor dominates as a result of superior military power.
Much press about vast U.S. debt? Yes, but sober people understand monetary realism, to wit, that fiat implies stealth (slow) default. No payment is ever intended and impossible even if intended. The main feature or attribute of sovereign debt default is gradualism. The public cannot grasp gradualism even as they are impoverished. The debt propaganda is a cover for the fiat regime. It’s a hoax!
Scarcity of gold? Already evident.
New taxes? A value-added tax (VAT) as in Europe, income tax increases on the American “rich,” currency controls, strict rules on cash transfers and withdrawals, more reporting requirements on asset wealth. These are some of the controls alluded to earlier.
The system will try to defeat all attempts by individuals (and collectively) to protect their savings and personal security.
Destruction of the middle class? It’s already begun. It is impoverishment through currency depreciation and class warfare between the perceived haves and have nots, i.e. the politics of envy. A huge percentage of population will be pushed below the poverty line.
Savings and pension fund assets? They will be forced conversion into treasury bonds. There is plenty of precedence for this, Argentina being the most recent example.
Martial law? Yes, at some point.
Will confidence deteriorate in the banking system? Yes, by stealth (quietly) resulting in restrictions of withdrawals and frozen bank accounts.
Price of gold? When all is said and done it will be measured in U.S. dollars to about $4,000, then in Swiss francs because of the nebulousness (no meaning) of the U.S. dollar.
First Rule of Government—control its own people. America is occupied by government.
Possible good news? The current economic depression will extend the system (via nationalization) and the precious metals market and gold stocks. I foresee inflationary prosperity for a while with massive infrastructure rebuilding. If so, get your house in order for the final deluge. Do all the things you know to do such as long-term food storage. Inflationary collapse creates shortages of everything.
The stock market turns up before the economy. Sentiment is black, getting close to time to buy stocks. Never stop buying gold!
Don’t wait for exchange (currency) controls to transfer some funds into Swiss francs via Swiss annuities.
Take delivery of all your stock certificates. Soon you will not be able to. This cuts brokers out and takes your stocks out of the system. They will tell you anything to stop you. They will not tell you that they loan your stocks out for shorting and make income on them. Also they fear the loss of re-sales when you decide to sell, perhaps through another broker. They get directions from above to stop the delivery of stocks. Don’t be dissuaded!
My friends, the “change” promised by politicians should remind us that some power, both political and economic, is built upon destructive forces. We have reminded you many times of the destruction of the middle class in the U.S. now going on.
When a segment of the population becomes impoverished they clamor for “change.” This is exactly what happened to bring about the rise of Adolph Hitler. The German population was largely impoverished as a result of depreciating paper currency. No U.S. politician would dare mention depreciating paper money, as Hitler did not. He had his own paper mark.
The destructive forces in America are in full appearance for the few who can see. But for the majority, they are blind to the biggest and greatest transfer of wealth in the history of the world. Yes, there is change for exactly the same reason as the destructive change that gave rise to Hitler.
Inflation they call it, but it is really depreciating currency in all forms. And depreciating currency is the system used to transfer wealth from the savers and producers to the money creators.
In the early phase of paper currency the people go to work and accumulate wealth. In the final stage of the speedup of depreciating currency, wealth and savings is returned to the source, i.e., the money creators. And all appears to be natural economic forces. There is no bloodshed.
Yes, the people can be economic slaves without chains, without the rack or the thumbscrew, but with depreciating paper money. Alchemy is a reality. Non-substance (depreciating currency) is used to steal substance.
“Whoever controls the volume of (paper) money is the master of all industry and commerce,” said President James A. Garfield.
People who understand depreciating currency will do as necessary to survive and maybe prosper under the nose of despotism.
Do you know of anything that will treat skin cancer?
A: I recommended a skin cancer salve available from International Anti-Aging Systems in England (www.antiaging-systems.com).
The name of the cream is BEC5 Curaderm Topical Cream. It was developed by Dr. Bill Cham, who claims it to be “virtually 100 percent effective.” The cream is for non-melanoma skin cancers such as: basal cell carcinomas (BCC), squamous cell carcinomas (SCC), keratoses, keratoucanthomas, sun spots and age spots.
A 20 ml tube of BEC5 sells for $129.99. This is enough to last a very long time in my experience.
Senate Democrats continue to try and draft a healthcare reform bill that will be palatable to Blue Dog Democrats yet still contain enough of a so-called public option to placate the party’s left-wing base. Both the Senate bill and the bill already passed by the House of Representatives contain a mandate requiring everyone to purchase health insurance or face fines and possible jail terms.
When asked where Congress gets the authority to force Americans to buy health insurance, Congressmen—if they answer the question at all—cite the general welfare clause of the Constitution.
“Well, in promoting the general welfare the Constitution obviously gives broad authority to Congress to effect that end,” Rep. Steny Hoyer (D-Md.) told CNSNews.com. “The end that we’re trying to effect is to make health care affordable, so I think clearly this is within our constitutional responsibility.”
Speaker of the House Nancy Pelosi (D-Calif.) didn’t answer the question at all. She replied, “Are you serious?” And Senator Roland Burris (D-Ill.), obviously a great Constitutional scholar, told CNSNews.com, “Well, that’s under certainly the laws of the—protect the health, welfare of the country.”
The word health does not appear in the Constitution. And the founders certainly never intended for the general welfare clause to be used to pass anything they pleased. But, as Judge Andrew P. Napolitano wrote in his book, The Constitution in Exile, Congress has been abusing the general welfare clause for many years.
The preamble to the Constitution says:
We the people of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Prosperity, do ordain and establish this Constitution for the United States of America.
In an opinion on forming a national bank, Thomas Jefferson wrote:
"They are not to do anything they please to provide for the general welfare, but only to lay taxes for that purpose. To consider the latter phrase not as describing the purpose of the first, but as giving a distinct and independent power to do any act they please which might be for the good of the Union, would render all the preceding and subsequent enumerations of power completely useless. It would reduce the whole instrument to a single phrase, that of instituting a Congress with power to do whatever would be for the good of the United States; and, as they would be the sole judges of the good or evil, it would be also a power to do whatever evil they please… Certainly no such universal power was meant to be given them. It was intended to lace them up straitly within the enumerated powers and those without which, as means, these powers could not be carried into effect." (Thomas Jefferson on Politics & Government, http://etxt.virginia.edu/jefferson/quotations/)
Clearly the nation’s third president and the author of the Declaration of Independence would scoff at today’s congressmen and the understanding—or lack thereof—they have of the Constitution.
We did it and it works! Yes, we bought the cinnamon bark and boiled several sticks while brewing green tea loaded with fresh mint leaves. It forces blood pressure down and greatly helps reduce insulin resistance and heads off Type 2 diabetes. It is a great drink—cold or hot. Let me know how it works for you. Give it a few weeks and monitor your blood pressure levels before and after consuming this beverage. You may see a positive difference.
This is true. And just like the Wizard of Oz, we’re not supposed to look behind the curtain. The wiz ‘knows best,’ and he won’t tolerate the idea of too much truth.
The Wizard’s system is extremely profitable, it is deeply entrenched, it requires silence on many levels, and it doesn’t hesitate to sacrifice those who threaten the system’s status quo.
It would make a great movie, if Hollywood had any integrity. It would foster many TV programs, if the media wasn’t a bloated, unworthy prostitute.
Stealth systems work best in an artificial environment where ‘leaders’ are corrupt and citizens are ‘managed’ by those who ‘know best’ and expect to be highly paid for doing as little as possible.
Sounds like Washington, doesn’t it?
Reader Justen Posted in A New Paradigm:
I know sometimes it feels like you’re only preaching to the choir, or that it’s all falling on deaf ears, but remember—we all used to be statist drones once. Very few people have the privilege of being born into a family that counter-educates them; we all have to figure this stuff out on our own. I try not to get frustrated with the empty-headed ones. Either they’ll come around eventually or they’ll be murdered by their own state (directly with a gun or indirectly through starvation, damaged health, and suicide). Spreading the word is our way of paying forward the gift of knowledge that was given to us, but we have no obligation to help anyone, only the desire.
Reader Kevin Posted in A New Paradigm:
Roosevelt said in his 1930 Home Rule speech that when nearly all power was centralized in Washington DC, America would have an “Oligarchy masquerading as a Democracy”. Of course, Roosevelt and the Democratic Presidential platform of 1932 called for downsizing the Hoover Administration’s Big Government policies. Roosevelt lied and did a 180, expanding government to “save the economy”, paralleling what Hitler was doing in Germany. Hitler even sent a letter, through our ambassador to Germany, to Roosevelt thanking him for the job he was doing with America. As F.A. Hayek warned in his “Road to Serfdom, socialism, collectivism, and central planning were the common thread between communism, fascism, the New Deal, etc. It doesn’t really matter what you call it, when the central government controls it, it’s totalitarian.
Our government has been under the Sustainable Development, United Nations Agenda 21 program since 1993, which calls for worldwide population control and reduction. The right and left media are ignoring this. Like the quiet children in the other room, it’s what you don’t hear about that you should worry most about.
With over 600 pages, “AIDS, the Crime Beyond Belief”, by Don Scott is an excellent book to understand America’s population reduction programs since 1953. Of course, the book covers the development of AIDS by our government, which was working with Rockefeller and other eugenics-minded people, such as Kissinger. One AIDS strain was developed in New Orleans, the other in Africa—one strain was put in the Hepatitis B shots given to the Gay population in San Francisco (75 percent that took the vaccinations developed AIDs), the other in the Small Pox Vaccinations in Africa—many blacks were forced at gun point to take these vaccinations–8000 blacks a day are dying of AIDs in Africa. If you understand that Myco Plasma is one of the co-factors in AIDS (our government even patented Myco Plasma to control studies on it), and that 30 percent of the black population have it in their bodies (as compared to 2 percent of the white population), then you realize AIDS really was targeted at the black population.