Federal Reserve Lies, Economic Woes Continue

In a rare exclusive 60 Minutes interview tonight, Federal Reserve Board Chairman Ben Bernanke when asked when the current recession will end, answered that it is likely to stabilize by the end of 2009. However, the things what Bernanke would not say and what CBS refuses to investigate is the outgrowth of a long line of corruption and outside domination of the United States.

Portraying Bernanke as a visionary economist sensitive to the lives of “main street” Americans, CBS exerted much effort to reveal the power and importance behind the office of the man who is “keeping the economy together”. However, while CBS touts his powers which even extend beyond that of President as essentially unanswerable to anyone, they fail to question the indivisible authority of the Federal Reserve System in this age of continual bailout and banker takeover.

Bernanke remained somber throughout the interview, often sounding on the verge of tears as he slowly and calmly commented on the failure of the private conglomerate of major banks to foresee and act appropriately on the world financial crisis.

The Federal Reserve System was created in 1913 to take over the U.S. government’s job of regulating the money supply as well as minting coinage for use. At the same time, the federal income tax became the Sixteenth Amendment. Many opponents of the tax on labor argue that the amendment was never fully ratified.

Since the Federal Reserve System’s founding, America has experienced the Great Depression, over four other recessions as well as the Great Recession that now exists. The Federal Reserve has yet to inform the public of how it has doled out over $2 trillion in federal bailout funds to major private banks. Two similar bills, one proposed in the Senate by Independent Bernie Sanders of Vermont and one in Congress by Republican Ron Paul of Texas, would create a first-time congressional audit of the private Federal Reserve System and shed light on its power to authoritatively grant funds and print an excess supply of Federal Reserve notes.

The Federal Reserve is magically keeping the U.S. economy and much more-so the U.S. government on life alert. By printing enormous sums of greenbacks, the private conglomerate is desperately seeking to stave off the inevitable crash of insolvent institutions. Usurping wealth from citizenry to bank executives, CBS reports the average American family lost 18% of its wealth during 2008. Sapping from the economy precious capital, the Federal Reserve’s actions have downsized economic investment and output, ultimately leaving the American citizen to pay. In addition, a federal debt surpassing the $13 trillion mark (much owed to foreign nations), is of no mention in economic discussion.

Federal Reserve Chairman Ben Bernanke remains under heavy fire. In a time of strong economic uncertainty and major political upheaval through backroom banker deals, he is a highly visible figure in the coup of the millennia. Yet, Bernanke retains his position as master of the sword with the hair-line thinness of political majority. His comments on 60 Minutes alluding to a quick recovery may be in the end, bad news for the Federal Reserve. For with the extremeness of their action, in the hatching of the ultimate plot, its result may unravel the system and expose at last, what it really is.

Bernie Sanders: Audit the Fed!

Independent Senator Bernie Sanders of Vermont asks Federal Reserve Chairman Ben Bernanke to name the banks who received over $2 trillion in government bailout funds. Bernanke is not forthcoming with any answer to this simple question.

Burden of $8 Trillion Bailout

As the general Bailout widens massively in scope with yesterday's announcement of the nationalization of CitiBank, the amount of taxpayer money taken to help the ailing economy already mounts onto gigantic proportions. Taken from the People and given to the Banks, (or Federal Reserve System kingmakers), the now $8 trillion dollars forked over reminds one of the policies enacted by Herbert Hoover soon after Black Tuesday in 1929.

As the federal reserve cranks out the printing presses to ink more worthless greenbacks, the value of the dollar is sharply falling and stagflation in the future is becoming all the more a promise. And the force of another bailout appears more likely when the Obama Administration takes over in January. Tacitly approving Bush's measures, little seems bound to change under Obama, whose so called "Economic Stimulus Package" he is pushing as a new WPA for America will somehow bolster the crumbling economic situation the world now faces.

But nonetheless, the announcement that Robert Gates would stay on as Secretary of Defense alludes to continued military spending and imperial presence abroad. The cost of running the American military around the world in one year exceeds $1 trillion. And with the expansion of war in Afghanistan, it is difficult to see any less being spent.

Solutions are unclear as Senate Majority Leader Harry Reid (D) of Nevada said in September that "we have no idea what to do". The incompetence of the media for relying only on partisan-backed pundits has not aided much either in Americans' understanding of what the economic mess truly means. But, for those who believe in free-market economics, the work of the brilliant Milton Friedman, and the triumph of liberty to secure the Earth's blessing, the answer remains clear. And the mess all begins with that fateful night in 1913, when the privately-owned Federal Reserve usurped one of the sacred rights of the U.S. federal government. The incompetence is astounding.

Some such as conservative radio talk-show host Glenn Beck have now openly advocated secession for states as an answer to fight back against the federal government's centralization of power.



Also, other analysts have predicted a breakup of the Union, and the further fractioning of our nation into distinct parts, with the Pacific, Rocky Region, Texas, the Plains and the Midwest, the South, and the East Coast each with their own sovereignty but under one economic identity and a further political identity called the North American Union. Such executive agreements as the Security & Prosperity Partnership (signed in Waco, TX; 2005) which now allows Canadian or Mexican troops to quell unrest in the United States, point to such a possibility.

Whatever the far-fetched ideas of change that may come, it is now clear that the country is in danger of bankruptcy and with a Bailout plan that now numbers the size of the $9 trillion National Debt, America has now fallen in twice as much debt in only the span of a short two months. It is now certain that it will take almost a miracle for Obama's proposed deficit spending to work, but while our hacking group of corporate yes-men and women sitting in Congress continue to deface the Constitution, real people back at home are starved from their once abundant lives.

It will take more than simple economic stimulus plans to breach the gap that now threatens to take from us what our fathers fought for. It will take a massive display of peace, love, and liberty and a defiance of all corruption to bring back the America we know and love.

Ron Paul Schools Fed Chair Bernanke

In addition, on September 23rd, Congressman Ron Paul (R) pf Texas introduced HR 2755 "Federal Reserve Board Abolition Act" to end the Fed's reign of terror.

Bailout Package's Sentence of Dictatorial Rights

The $800 billion bailout bill will likely be approved by the Congress later this week despite heavy opposition. In a recent Rasmussen Poll, only seven percent of those polled supported the bailout!!! Such a robbing of the American people for the super-rich is utterly wrong and the greatest act in the past century to lean the country ever so closely to tyranny.

One sentence in the proposal tells it all, "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

Few seem to realize the immensity of the proposal.