Blaming The Banking System


Dear Bob:

I have a question. I enjoy reading your newsletter and agree with much of what you say about the economy and so forth. You say you’re ultra conservative, which I consider myself the same. In the last column I read of yours (October 2011 BLL) you talked about the upcoming fire storm caused by quantitative easing. Your quote:

‘Quantitative easing’ is a cover and codename for currency debasement and destruction. For you, my dear middle class American, this ‘quantitative easing’ is an involuntary transfer of wealth from you, the taxpayers, to a narrow financial elite. It is by far the largest looting in the history of the world.

Oh, it is not difficult to understand. It is just ruination via the printing press. History is full of it. The people who perpetuate this crime against all holders of the ‘trusted’ dollar are faceless. They seldom pay for their crimes.

The Federal Reserve is supporting the corrupt banking system and the political rot euphemistically called democracy?

I understand the problem with printing money and all but you nearly sound the same as the OWS protesters. What is the difference between your anger at the Banking System and the protesters anger? How can both opposite mind sets blame the Banking System, but one side align with Obama and you with Conservatives?

Who are the Financial Elite? Are these the same as the 1% the OWS speaks out against and also the same that Obama wants to raise taxes against? Or are the Financial Elite some other group, politicians, Socialist and Communists who normally garner all the wealth while claiming to hate the rich. I’ve been basically supporting this 1% against Obama and the OWS , thinking that this 1% is the wealth builders and job creators, rather than crooks and thieves. Who is right?


Dear Robert,

The financial elite are the money creators. They have names like Rothschild, Morgan and Rockefeller. They are those in the United States and Europe who received bailouts. They are those who are stealing your wealth, using their fascist co-conspirators in government, the crony capitalists that infest the capital. To truly understand who the financial elite are, you must understand the Federal Reserve and what created it.

The OWS protesters are onto the problem but don’t truly understand. The solution most of them seek does not involve eliminating the Federal Reserve and returning to sound money, but rather the imposition of more government totalitarianism through increased socialism or communism. The Obama Administration is siding with the OWS because the President wants to be a dictator and that is what they are clamoring for.

But don’t get caught up in a false left/right paradigm and think that because many Republicans are ridiculing OWS that they are on a different “side.” The elites in government all want one thing: more power and more control. This is the same for both Democrats and Republicans. All of it is a diversion for the controlled populace and a means to a greater end by the elites.

Best wishes,

Personal Liberty

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.