In March 2008 the investment bank Bear Stearns ran out of cash and was acquired for $2 a share by J P Morgan Chase. The deal was backed by $30 billion in emergency guarantees from the Federal Reserve. Charles H Ferguson, Inside Job, 2010
Neither Lehman nor the federal government had done any planning for bankruptcy. ibid.
The AIG bailout cost taxpayers over $150 billion. ibid.
The Federal Reserve created the real estate bubble. Celente & Schiff & Paul & Faber & Rogers & Woods, MeltUp: The Beginning of a US Currency Crisis
In fact this is precisely the logic on which the Bank of England – the first successful modern central bank – was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the King. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the King now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank – in effect, to circulate or ‘monetize’ the newly created royal debt. This was a great deal for the bankers (they got to charge the King 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it), but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist. David Graeber, Debt: The First 5,000 Years
Having reduced society to squalor, the Federal Reserve bankers decided that the Gold Standard should be removed. In order to do this they needed to acquire the remaining gold in the system. So under the pretence of helping to end the Depression came the 1933 gold seizure. Under the threat of imprisonment for ten years everyone in America was required to turn in all gold bullion to the Treasury, essentially robbing the public of what little wealth they had left. And at the end of 1933 the Gold Standard was abolished. John Nada, Wake Up Call
So with the Federal Reserve you have Inflation and Debt. Now if the American government made the money, backed by gold, which limited that amount they could make, you wouldn’t have debt and you wouldn’t have inflation ... From the early 1800s to 1913 there was no inflation other than in the Civil War ... People knew what the money was worth. They could retire. They knew what it would cost them to live their lives out. There was no problem. It’s only since 1913 when the Fed came in we created massive inflation and massive debt. Aaron Russo, interview with Alex Jones
The Federal Reserve has created this massive inflation in America. It means the American worker has to keep making more money to keep up with the cost of living ... Because of the inflation they have created they have now allowed other countries to out-compete us ... So we’ve lost our manufacturing base ... We provide nothing to the world any more. Aaron Russo, interview Alex Jones
Hyperinflation is not going to happen in this country, will never happen ... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what’s necessary to keep inflation low and stable over time. Timothy Geithner This Week with George Stephanopoulos 29 March 2009
The Fed clings to status quo. Other central banks are vying to knock it down, or at least loosen its grip on them. But the Fed behaves as if it has no idea there are other powerful central banks that want to grab and harness its power. Nomi Prins online article cited The Corbett Report, ‘Naomi Prins Explains the Bankers’ Game of Thrones’, James Corbett online 2016
Groups of private individuals are in private control of institutions which literally create the money. Private unaccountable citizens have the power not only to create this money literally out of thin air, but then, through the miracle of fractional reserve banking lend out this money many times over. The Corbett Report online, caption #005 ‘Central Banking is a Hoax’, Youtube 2007
Two trillion dollars in Fed lending, that is money coming out of thin air created out of nothing by the privately owned central bank of the United States, was loaned out without the approval of Congress … The American public is not allowed to know. The Corbett Report, podcast #64 ‘End the Fed’, Youtube 2008
In 1913 as we now know, the Federal Reserve took over the United States’ government. The private bankers came in, lobbied and established their own privately held central bank which prints the money for the US government of course at interest. What was once done by the US government, debt free and interest free, is now done by a privately owned central bank. ibid.
Money: What is it? Where does it come from? How is it created? Who controls it? The Corbett Report: Century of Enslavement: The History of the Federal Reserve, Youtube 2014
What could lead to a better understanding of how the world works than a knowledge of money, its creation and destruction; yet discussion of the topic is fastidiously avoided in our school years, and avoided in our daily life. ibid.
The White House: This is where the Federal Reserve Act, then known as the Currency Bill, was signed into law after passing the House and Senate in late December 1913. ibid.
President Wilson signed away last veneer of control over the American money supply to a cartel, a well-organised gang of crooks. ibid.
The story of the secret banking conclave that gave birth to that Federal Reserve Act is as exciting and dramatic as any Hollywood screen-play. ibid.
The men were told to arrive one by one after sunset to attract as little attention as possible … A meeting of all of them, now that would surely have been the story of the century. And it was. Their destination: the secluded Jekyll Island off the coast of Georgia, home to the presigious Jekyll Island Club … They were going to draft a reform of the nation’s banking industry in complete secrecy. ibid.
‘The banking cartel wrote their own rules and regulations, and called it the Federal Reserve Act.’ ibid. G Edward Griffin
It was never fully admitted until a quarter of a century later. ibid.
A private cartel would have control of the money supply itself. ibid.
A privately controlled central bank lending money to the government at interest – money that it prints out of nothing. ibid.
In its first five years of the Bank’s existence, the US government borrows $8.2 million from the Bank, and prices rose 72%. ibid.
So how does the Federal Reserve system work? What does it do? Who owns and controls it? … The answer to these questions has been shrounded in impenetrable economic jargon. ibid.
Actual notes and coins circulating in the economy represent only a tiny fraction of the money in existence. ibid.
It is created not by a government printing press but by the bank itself. It is created out of thin air as debt, owed back to the bank that created it at interest. ibid.
‘The process of decay and corruption starts with something called ‘fractional reserve’ banking. ibid. G Edward Griffin
The regional banks are themselves private corporations, as noted in a 1928 Supreme Court ruling. ibid.
The benefits are much less obvious, and much more insidious. ibid.
The 2008 crisis and subsequent bailouts are merely the latest and most brazen examples of the fundamental conflicts of interest at the heart of America’s privately owned central banking system. ibid.
‘They who control the credit of a nation direct the police of governments and hold in the hollow of their hands the destiny of the people’ ibid. Reginald McKenna
The money supply itself has depended on the whims of the banking cabal. A century of booms and busts, bubbles and depressions, has led to a wholesale redistribution of wealth toward those at the very top of the system. ibid.
In 1921, just 7 years after the Fed began operations, the same J P Morgan-connected banking elite that founded the Federal Reserve incorporated an organisation called The Council on Foreign Relations with the goal of taking over the foreign policy apparatus of the United States, including the State Department. ibid.
The Federal Reserve system needs to be consigned to the dustbin of history. After a century of enslavement, it is time for the American public to finally throw off the bankers’ debt chains. ibid.
Jerry’s Challenge: After the Fed, what? The Corbett Report online, podcast ‘Think You Know How to End the Fed?’ Youtube 2017
What every system of currency or solution we come with in the monetary paradigm is going to be circumscribed within a particular political context. ibid.
Did the Rothschilds create the unconstitutional Federal reserve private printing money institution …? … The TikTok summary that strips all of the information. The Corbett Report podcast ‘Do the Rothschilds Own the Fed?’ Youtube 2023
Viz The Secrets of the Federal Reserve: The London Connection by Eustace Mullins … ‘George Peabody found that he had chosen well in selecting Junius S Morgan as his successor. Morgan agreed to continue the sub rosa relationship with N M Rothschild Company ...’ ibid.
Morgan is a Rothschild agent … What was the nature of that relationship? And who was subordinated to who? … There is no evidence presented … It very well could be true … I need to know how Eustace Mullins supposedly knew about this secret agreement. ibid.
He [Mullins] went on to cite the JFK Fed myth [in lectures]. ibid.
The Federal Reserve Act that was ultimately passed was actually a separate plan … meant as a compromise plan between the Jekyll Island Plan of a completely private banking cartel and the William Jennings Bryan kind of an idea of a government-controlled central bank. ibid.
The rival banking clans … still were squabbling, fighting with each other, stabbing each other in the back at the first opportunity. ibid.
There are owners of the Federal Reserve regional banks … are private banks … Who owns them? The shareholders … There are no publicly available shares … Pays a 6% dividend every year. ibid.
What is the Federal Reserve system? … Essentially a private cartel owned by the member banks themselves over the issuance of money in the US system. ibid.
‘Ownership’ is not quite the right word here … The question is, Who ‘controls’ the Federal Reserve? … and how they control it. ibid.
We get somewhat closer to the matter: the Bank for International Settlements. ibid.
It’s a big club and you ain’t in it! ibid.