What led to the Federal Reserve bank?
My recent experience with posts of this type is that most will ignore it. History is not as
important as their pre conceived opinions from propaganda.
Jefferson was not the only President to warn about a central bank.
Andrew Jackson, stating directly to President John Quincy Adams, “You are a den of vipers and thieves.”
• Ulysses S. Grant was put in power to defeat the forces trying to put in a central bank after the US Civil War.
• Abraham Lincoln, “The government should create, issue, and circulate all the currency and credit need to satisfy the spending power of the government and the buying power of the consumers.”
• Andrew Johnson, who opposed EUROPEAN FORCES attempting to implement a central bank.
• James A. Garfield, “Whoever controls the money of a nation, controls that nation and is absolute master of all industry and commerce.”
• William McKinley who, with his Secretary of State John Sherman, brought the war to the European bankers through a law, the “Sherman Antitrust Act”. After McKinley’s assassination, his Vice President Theodore “Teddy” Roosevelt took power and dropped the lawsuits against the Northern Trust (the Rothschild supported Morgan financial empire at the time).
• John F. Kennedy, who was assassinated about five months after issuing Executive Order 11110 which allowed the Secretary of the Treasury to buy silver and issue silver certificates.
important as their pre conceived opinions from propaganda.
Jefferson was not the only President to warn about a central bank.
Andrew Jackson, stating directly to President John Quincy Adams, “You are a den of vipers and thieves.”
• Ulysses S. Grant was put in power to defeat the forces trying to put in a central bank after the US Civil War.
• Abraham Lincoln, “The government should create, issue, and circulate all the currency and credit need to satisfy the spending power of the government and the buying power of the consumers.”
• Andrew Johnson, who opposed EUROPEAN FORCES attempting to implement a central bank.
• James A. Garfield, “Whoever controls the money of a nation, controls that nation and is absolute master of all industry and commerce.”
• William McKinley who, with his Secretary of State John Sherman, brought the war to the European bankers through a law, the “Sherman Antitrust Act”. After McKinley’s assassination, his Vice President Theodore “Teddy” Roosevelt took power and dropped the lawsuits against the Northern Trust (the Rothschild supported Morgan financial empire at the time).
• John F. Kennedy, who was assassinated about five months after issuing Executive Order 11110 which allowed the Secretary of the Treasury to buy silver and issue silver certificates.
Tap this link Nan and you can read what this post
Is about...https://prussiagate.substack.com/p/the-prussi...
I dont quite understand how bitcoin gets away with being alternative currency, but they seem to be able to do just that.
At the time, some currency was not considered legal tender, although it could be used by national banking associations as "lawful money reserves." Thus, the term "lawful money" had a broader meaning than the term "legal tender."
In 1933, Congress changed the law so that all U.S. coins and currency (including Federal Reserve notes), regardless of when issued, constitutes "legal tender" for all purposes. Federal and state courts since then have repeatedly held that Federal Reserve notes are also "lawful money."
“He invoked anti-Jewish clichés in the form of alleged dangers emanating from Jews, warning that the peasants freed from serfdom would fall into "bondage to the Jews and to the usurers", “corruption of the Jewish horde" or become subject to Jews Bankers in 1823 due to a "lack of honor" and "satisfaction of greed".2
This is important to understand. The head of the Royal Main Bank, which was effectively the central bank of Prussia, had no time for the Jewish banking circles, yet there was nothing he could do about it and they continued to thrive. Prussia was a micromanaged administrative state. It would never allow a competing activity to occur without the expressed consent of the king. The Rothschilds, Kuhns, Loebs, Warburgs were all originating from or near Prussia. How could these prosperous banking families have escaped the watchful eye of the formidable Prussian secret police without first paying homage and loyalty to the kingdom that allowed their businesses to operate? The answer is that they didn’t. It was all coordinated.
Mayer Amschel Rothschild started his banking business somewhere in the 1760s.
The Royal Main Bank was founded in 1765 by King Frederick the Great, who at the time was busy building a serious empire and had his “all-seeing-eye” over Frankfurt, and the whole of Germany. After being forced to watch his boyfriend’s beheading, Frederick never had a real partner again. He had only servants that were loyal to his cause toward a progressive dictatorship. Dating back to the Northern Crusades, where the original Prussia was conquered by the Teutonic Knights, the philosophy of rule was simple: Comply or die.
This again begs the question, did Frederick the Great simply allow these other private banks to compete with his Royal Main Bank, or did he allow them to operate in synergy with it? The Royal Main Bank was about the monopoly of currency. The merchant banks (like the Jewish bankers) would complement this by facilitating trade and currency exchange for Prussia’s new bank note. This would ensure the economic power of Prussia would be expanded and solidified.
W got The Cabal because we got lazy and let someone run roughshod over our system, the Federal Reserve Act of 1913 was never passed by the full Congress and therefore is illegal. We also violated the Constitution by letting someone other than Congress print our money. We are to blame, now we must correct our mistakes. By force, if required. It is not a simply a moral imperative, it is our duty as patriotic American citizens.
The market will eventually level out. People will have forgotten all about save Ukraine in the coming months.
I have Russian Friends and Workers...
they say that the Ruble strength is not 100% real.
Meaning when I pay them, THAT is the conversion rate. But if they TRY to convert to Dollars...
they are charged 100 Rubles/USD. [So there is now a 20+ point spread on buy vs. sell]
this is pressuring them to not hold USD.
I am happy the Ruble is holding strong. While it means I PAY MORE, it also means that my guys get more stability.
I think the world is pretty stupid to think the "Primary Fuel" of the economy (energy), from which ALL economic value is derived... Could lose the 30% Russia sells, and we would be okay...
Great comment.
Two and 1/2 months ago the headlines were how from sanctions Russia will collapse because the Ruble was collapsing going from around
76 per $1. to 139 to $1 on March 7
Today it is 69 to $1.
The sanctions have not lifted . Why the incredible rebound and strength against the dollar?
The difference is Gold. Apr 5th the Ruble is pegged to gold. 5000 rubles per gram.
I wonder if other countries have taken note. Probably , but many can’t do a thing about it currently as the Cabal has infiltrated so many nations and put them in the shackles of debt.
Teaser....At that time, their interest shifts over to preventing what they call a reversion of life in the United States to what it was prior to 1914, when World War I broke out. At that point, they come to the conclusion that, to prevent a reversion, we must control education in the United States. And they realize that is a pretty big task. To them it is too big for them alone.
So they approach the Rockefeller Foundation with a suggestion: that portion of education which could be considered domestic should be handled by the Rockefeller Foundation, and that portion which is international should be handled by the Endowment.
They then decide that the key to the success of these two operations lay in the alteration of the teaching of American History. So, they approach four of the then most prominent teachers of American History in the country -- people like Charles and Mary Byrd. Their suggestion to them is this, “Will they alter the manner in which they present their subject”” And, they get turned down, flatly.
So, they then decide that it is necessary for them to do as they say, i.e. “build our own stable of historians." Then, they approach the Guggenheim Foundation, which specializes in fellowships, and say” “When we find young men in the process of studying for doctorates in the field of American History, and we feel that they are the right caliber, will you grant them fellowships on our say so? And the answer is, “Yes.”
So, under that condition, eventually they assemble twenty (20), and they take these twenty potential teachers of American History to London. There, they are briefed in what is expected of them -- when, as, and if they secure appointments in keeping with the doctorates they will have earned.
That group of twenty historians ultimately becomes the nucleus of the American Historical Association. And then, toward the end of the 1920's, the Endowment grants to the American Historical Association four hundred thousand dollars ($400,000) for a study of our history in a manner which points to what this country look forward to, in the future.
The governments of the world, according to the Marburg Plan, were to be socialized while the ultimate power would remain in the hands of the international financiers "to control its councils and enforce peace [and so] provide a specific for all the political ills of mankind. [9]”3
As we unpacked in The Prussian Origins of Marxism, Prussia was instrumental in the downfall of Tsarist Russia. Using Marx as their poster boy, Prussia infiltrated the minds of Russians and radicalized them. They had weaponized philosophy for the benefit of the Prussian State. In 1917, when the time was right, the Kaiser seed-funded Lenin and his bankers on Wall Street drummed up the financing needed to complete the communization of Russia.
Antony C. Sutton’s work, “Wall Street and the Bolshevik Revolution” brilliantly describes the role of Wall St in Lenin and Trotsky’s overthrow of Tsarist Russia. However, we want to stay focused on the Prussia connection. Why was this plan for world domination named “Marburg”?
The man at the center of the plan was a gentleman by the name of Theodore Marburg. “He was the executive secretary of the League to Enforce Peace, and a prominent advocate of the League of Nations” . The League of Nations was later to be revamped into the United Nations.
My point is always the same. Fractional reserve works at healthy 5-10 levers. But at 30,40 and 80 levers.
And then bailing out JPM so they did not go bankrupt when their markets failed and they were holding longs on MBS that all went to zero...
Fundamentally, you can justify borrowing against assets to buy more assets. And this NATURALLY inflates the circulating currency. (I think our case is in the 15-30 times M1 range). Unfortunately, that means you have 30 times MORE DEBT than actual assets, because so many assets are actually just debt.
So, I've heard that Gold, as a standard, cannot work. Because it cannot be inflated/deflated this way.
But you could still allow Gold as the basis, and enforce a LIMITED amount of levering, to ensure that the claims on
Gold could be met. While it's true... Once levered 5x... That means you have 5x the claims on Gold. But bear in mind that at least 3x those levers are not claimable UNTIL the asset is cleared of it's lien. The clearing of liens reduces the leverage in the system, and is generally deflationary.
Here is the OBVIOUS Bank tax that heals our country: Tax EVERY Lever 1-2%/yr at the Fed Window.
We borrow at M0 (Say 1 Trillion/yr at X%). But the Fed levers this up via the fed windows to 15x.
If we collected 1% on the 15x the money. We would be flush with cash, and paying down our debts!
Currently ONLY the bankers are allowed to make the Fed Window %, and they keep it VERY LOW which pushes down savings rates artificially! if you taxed the lever... Then banks would be willing to pay AT LEAST THAT for Fresh deposits!
This stuff is easy to fix... If the RICH BANKERS were NOT IN CHARGE of our POLITICIANS!
Exactly. In fact, the bankers pretended to HATE the Federal Reserve Bill, while ginning up astro-turf support for it, by crashing local banks...
I am curious if you read the article attached to this post.
https://prussiagate.substack.com/p/th...
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