The article below was bought and paid for with negative money. Some people
don't realize it, but this can actually be done. You can buy things with no
money sometimes, like this article. :)
"Economics" <economy@nospam.net> wrote in message
news:oaSdnVICDpTSrgbbnZ2dnUVZ_jednZ2d@comcast.com...
Free money for the Federal Reserve corporation
When a Federal Reserve bank wants free new Federal Reserve notes, as it
often does, it tells the U.S. Treasury department how many new notes to
print and send to it. In other words, though the physical printing
presses
for Federal Reserve notes are housed at the U.S. Treasury department, the
Treasury has no say in how many are printed nor does it get to keep the
new
notes printed. This new currency is given to the banks for free (though
they must pay a small printing charge of about 3 cents per note).
These banks then spend this new money on whatever they like; they lend it
to
state and local governments, to the federal government and to foreign
governments and private citizens. They also spend this new currency
buying
real estate, starting up media companies, etc. The Federal Reserve Bank
of
New York, Inc., is by far the largest of the twelve Federal Reserve bank
corporations which comprise the Federal Reserve System. It was reported
that in 1992 the New York Federal Reserve bank received $100 billion in
new
dollars for free, which this bank then gave free to its stockholder banks.
This is quite a sum for a group of private corporations to receive for
free.
Today it receives about $300 billion in newly printed currency free each
year.
America's great strength was not Fed-inspired
We should point out that America did not become a superpower by issuing
Federal Reserve notes; these notes are recent arrivals. In 1913 the
privately-owned national banks' new Federal Reserve notes joined the U.S.
government's Gold Certificates (which ended in 1933), the Silver
Certificates (ending in 1963) and United States notes (which ended in
1982).
The United States notes being identical to Federal Reserve notes except
that
they have red serial numbers and the government gets these when they are
printed.
It was made to appear within the poorly written Federal Reserve Act of
1913
that the new Federal Reserve notes were to be used only as "IOUs" between
member banks, not intended for use by the general public. The following
is
an excerpt from the Federal Reserve Act of 1913, which calls for the
printing of the new Federal Reserve notes . . .
"Federal Reserve notes, to be issued at the discretion of the Federal
Reserve Board for the purpose of making advances to Federal Reserve banks
through the Federal Reserve agents as hereinafter set forth and for no
other
purpose, are hereby authorized. The said notes shall be obligations of
the
United States and shall be receivable by all national and member banks and
Federal Reserve banks and for all taxes, customs, and other public dues.
They shall be redeemed in gold on demand at the Treasury department of the
United States."
The Statutes at Large of the United States of America from March 1913 to
March 1915. Volume XXXVIII, The Federal Reserve Act, Ch. 6, 1913, Sect.
16,
pg 265.
Of all the institutions mentioned above, only the Treasury department is
part of the government. The Federal Reserve banks are all privately-owned
with private stockholders. As we can see above, the term reserve is used
to
make us think it really isn't currency, as in "We won't spend it, we'll
keep
it in reserve". Or, one might think that these new notes are only
intended
for use as "advances" to member banks.
How inflation works
For zero inflation to occur, a government can only print new currency to
match the new goods and services created. But if 10 billion dollars worth
of, say, new pornography enters the market then a government can print 10
billion new dollars to match it without causing any inflation. The
problem
is, that 10 billion dollars worth of new pornography entering the market
creates social problems. This would be greater government expenditures on
crime, drug-use, counseling services for divorce, depression, etc, all of
which comes from the taxpayer. In America, however, the national banks
have
been printing the currency since 1982, not the government.
A dangerous problem occurs when a privately-owned central bank prints the
currency because, while a government would surely not be interested in
printing 10 billion new dollars to match new problematic goods that will
cause the government to go into debt, a privately-owned central bank may
because it does not have to pay for these higher social problem costs (the
taxpayer does). Additionally, and as is currently the case in America,
when
the government is forced to spend this extra money it often must borrow
it,
and it borrows it through the very same privately-owned central bank which
benefitted by the initial 10 billion dollars printed. This is precisely
what the Federal Reserve corporation has been doing in America during the
past decade, where the 2% and 3% economic growth rates listed each year
were
not a result of good manufacturing jobs being created, this was merely the
new currency printed to match the massive immigration each year, vast
amounts of new illegal drugs arriving, millions of people getting involved
in gambling, prostitution and pornography along with the resulting
skyrocketing of AIDS and STD cases, counseling for depression, family
problems, etc. The Federal Reserve corporation is owned by America's
national banks. It is not owned by the government.
If a young girl finishes school and gets a new job earning $20,000.00 per
year, then the privately-owned Federal Reserve can print $20,000.00
without
causing any inflation. This is not "too much money chasing too few goods
and services" because there is now that exact same amount worth of new
services created. This is known as economic growth. If, however, this
young girl instead gets involved in prostitution where she earns
$50,000.00
per year, even if this profession is illegal, then the banks can print
$50,000.00 in new dollars without causing any inflation. And if she
contracts the AIDS virus, where the government then has to spend
$120,000.00
per year treating her, then they can print $120,000.00 in new Federal
Reserve notes and spend it without causing any inflation.
The privately-owned Federal Reserve doesn't have to pay for these high
AIDS
medical costs, the government does. But when this new currency is printed
there is no added inflation because there is now $120,000.00 worth of new,
vitally-needed medical services which have been created, which were not in
demand and did not exist before, to deal with her AIDS illness. Multiply
this figure by perhaps 1,000,000 new AIDS cases in America and the Federal
Reserve can print $120,000,000,000.00 for itself to match this without
causing any inflation. This huge sum will be given to America's
privately-owned national banks for free, which means they lend this money
and it enters the economy. They don't give this money away, nor do they
give it to the government, the banks get to keep these new dollars.
If 100,000 people in America's inner cities arrive in emergency rooms with
gunshot wounds, where each patient requires $100,000.00 average worth of
hospital treatment, then the national banks can print an extra
$10,000,000,000.00 in new currency for themselves to spend without causing
any inflation. These banks can lend and invest this money wherever they
want. The hospitals paying these added expenses pass these new costs on
to
insurance companies and the federal government.
Certainly we are not implying that the stockholders of America's banks are
aware they are printing new money to match growth in crime and drug-use,
just that they may be misled of talk about all sorts of new jobs that have
been created.
What made American grow?
America became strong with currency backed by gold right up until 1933
when
gold was banned, with currency backed by silver up until 1963, and with
the
government's United States notes being printed up to 1982. It was only
after 1982, when the banks' Federal Reserve notes became the only U.S.
currency printed and used, that American social problems began to soar.
Federal Reserve interests try to make things appear as if America did
better
after 1913 when Federal Reserve notes first appeared, but in reality
America
was much more prosperous between 1800 to 1900 (compared with the amount of
technology available).
The dangers of allowing "national banknotes" to be printed were well
understood when America was being founded. During the late 1700s large
banking interests wanted to establish a privately-owned bank to print
banknotes as U.S. currency. Opposed to this foolish idea, Thomas
Jefferson
clearly stated;
"If the American people ever allow private banks to control the issue of
their currency, first by inflation and then by deflation, the banks and
the
corporations that will grow up around them will deprive the people of all
property until their children wake up homeless."
An excerpt from Catherine B Dalton's Constitutional Money and the Banking
Procedure. (Oreana, IL; Illinois Committee to Restore the Constitution,
1985).
It wasn't too long after the Federal Reserve Act of 1913 when Americans
did
wake up homeless. The depression starting in 1929 was a direct result of
allowing the Federal Reserve to print too many free Federal Reserve notes
for the national banks, where many would speculate wildly on the stock
market. And might we wonder where the U.S. government borrowed all of the
money it needed during the depression of the 1930s ? The Federal
Reserve -
this was the only institution to emerge strong after the crash, perhaps
even
stronger.
There is simply no evidence to support the supposed benefits of allowing a
privately-owned central bank to issue the currency of a nation, or group
of
nations. The Federal Reserve corporation, which tells the U.S. Treasury
Department how much money to print and send to it each year, was
established
in 1913. Ever since then, the U.S. quickly became involved in situations
which force the government to borrow heavily (like wars).
The vast majority of the newscasts shown on TV, we might add, are
completely pro-NAFTA and CAFTA while the public is not. Such bogus trade
agreements have awakened widespread concern within the U.S. military
because
they appear to over-ride, perhaps even usurp, the United States
Constitution. Rear Admiral Chester Ward is well aware of this problem . .
..
"The most powerful clique in these elitist groups have one objective in
common - they want to bring about the surrender of the sovereignty and
the
national independence of the United States. A second clique of
international members comprises the Wall Street international bankers and
their key agents. Primarily, they want the world banking monopoly."
William E. Dunham, "Correction, Please!" The Review of the News (9 April
1980): 37-38.
Many economists believe that the Federal Reserve corporation has an agenda
quite different from that of the average American. It claims to be against
racism, yet its lowering of wages and forcing peoples to vigorously
compete
against each other is proven to be the biggest cause for racism.
Private Federal Reserve interests go international
Federal Reserve money is funding organizations around the world to
advertise
the message of linking several nations into large trading blocs (where a
privately-owned central bank will print the currency). These often have
names that include terms like "institutes for peace", "foreign relations"
and "international economics" but are more easily unveiled with their
uncanny devotion to world trade, low inflation and multi-culturalism.
These
are the very same interests so pushing the CAFTA agreement. If the
economies
of nations become so intertwined with trade then naturally they will all
need one common currency, and it would be racism to have only one of these
nations print the new currency, therefore, the currency must be printed by
a
privately-owned central bank (to avoid racism).
The advertising ploy so often used involves an over-preoccupation with
stamping out racism - claiming that all wars are a result of racism, which
itself is a result of national sovereignty and borders. The only remedy
for
which is to establish privately-owned central banks to print currency for
member nations, to have greater world trade, low import tariffs and to
allow
massive immigration. The truth is, however, that war is a result of
greed,
selfishness and the desire to take money and land from others, which is
exactly what these very amoral banking interests end up doing, they've
done
it in America. The Federal Reserve corporation owns vast amounts of real
estate while 2,000,000 Americans are now homeless.
In America, the nation's schools have become so filled up with no-results
educational programs that it's hard to believe that any more can be
created,
yet they are.
Never mind that a parent can simply teach her youngster not to hate other
people, for free, but instead there must be some new government-funded
educational program which requires more borrowing (and which doesn't
work).
Here again is a prime example of the Federal Reserve interests' financial
domination over the American broadcast media, the larger problems are not
tended to yet any tiny problem is made to appear as so much more important
(in great need of ever more government spending).
Such nonsensical broadcasting encompasses many of the privately-owned TV
channels in America. In their view, indiscriminate hatred and violence is
okay, but merely speaking about protecting U.S. jobs is tantamount to hate
and racism. These corporations are just trying to protect their own
economic growth and "free new currency" each year, they don't care about
hatred or racism. In reality, the shipping of U.S. jobs overseas causes
racism more than anything else. The multi-national corporations promote
racism by encouraging too much competition.
World trade organizations really believe they are helping to insure
international peace by encouraging greater international competition under
NAFTA and CAFTA. Yet they are inadvertently promoting social problems by
fostering the unstable theories mentioned, the latter views being funded
by
privately-owned central banking interests (ie: the Federal Reserve
corporations). In their mixed up view it is individual nations, borders
and
sovereignty thought to be the real causes for war, yet this is a wholly
incorrect, biased point of view.
Having respect for one's own nation and culture doesn't mean hating anyone
else's. In fact, the more we respect our own culture the more we tend to
respect other cultures. Racism results from an unhappiness with one's own
situation, not when one is pleased with it.
Racism occurs when people lose their jobs. When they see their sons fall
victim to drugs and their daughters forced to make cheap porn movies over
the Internet because of "greater competition".
Racism occurs when crime, drug-use and debt rise, when jobs are shipped
away
and competition increases, not when cooperation is promoted.
Racism occurs when other people are viewed as competitors trying to beat
you
out and take what you have; precisely what occurs under the so-called
world
economy, low import tariffs, CAFTA and NAFTA (conditions that increase
corporate profits more than anything else).
Because this sort of competitive trade between nations decreases salaries
and safety standards it thus increases animosity, which itself creates
racism and conflict. What decreases racism is when people are guaranteed
the basics of life. When jobs are protected. When people are taught
kindness
and love, respect for all cultures (including their own) and how to be
forgiving when a problem arises instead of expressing anger or releasing
hatred.
Many of the Federal Reserve's incorrect opinions are advertised "as fact"
within the American broadcast media, and when the public hears these views
we tend to believe them simply because we don't have time to study them
in-depth.
Senator Jesse Helms stated the following in a speech before Congress in
1987;
"This campaign against the American people - against traditional American
culture and values - is systematic psychological warfare. The principle
instrument of this control over the American economy is the Federal
Reserve.
The policies of the industrial sectors, primarily the multi-national
corporations, are influenced by the money center banks through debt
financing and through the large blocks of stock controlled by the trust
departments of the money center banks. This pervasive influence runs
contrary to the long-term national security of our nation. It is an
influence which, if unchecked, could ultimately subvert our national
order.
Mr. President, in the globalist point of view, nation states and national
boundaries do not count for anything. All that matters to this club is
the
maximizing of profits resulting from the practice of what can be described
as finance capitalism, a system which rests upon the twin pillars of debt
and monopoly. This isn't real capitalism. It is the road to economic
concentration and political slavery."
Congressional Record - Senate, 15 December 1987, p S18146.
Also see Bogus Superstitions at
http://fortresscastles.bravepages.com/bogus/
.
