The Federal Reserve: The Biggest Ponzi Scheme in History
IIt’s probably not a conspiracy ladies and gentlemen, but let’s pretend that it is. The world’s central banks have printed great amounts of money for years, only recently in unimaginable volumes. The consequences inevitably will be quite catastrophic in the long run as they continue forward with this recklessly engineered Ponzi scheme, what they refer to as quantitative easing.
Quantitative Easing and the Art of Pseudologia Fantastica
Quantitative easing (QE) is an unconventional, disastrous monetary policy used by the Monarchs of Money to rescue the economy, using superficial charm to convince an ever growing skeptical public that all will end well. This is a tactic employed on psychogenic amnesia patients — those that have forgotten about an age where free market principles were the rule of the land.
Modern Money Mechanics
Reality check: They’re printing virtual digital money that they don’t really have and we’re paying a heavy price for it. The bankers are handing money to other banks and flooding the market, thus creating a false sense of security. Psychiatry labels such as Pseudologia fantastica, theory applied to the behavior of habitual or compulsive lying.
The Federal Reserve System is not completely federal (it’s a hybrid monster), there’s no reserve to rob you blind, and a system ensures your money is being transferred to the ones controlling the purse strings. It’s doing just what the inventors designed it to do, stealing from the poor and giving to the rich. They often employ an Economic Hit Man to assist them in the game of perpetual debt to keep the system going.
Background: The Jekyll Island Club
At the end of November 1910, the country’s leading financiers engaged a meeting of secrecy in the state of Georgia, reassuring themselves that no trace of evidence would be left behind.
They arrived at the Jekyll Island Club to discuss monetary policy and a central banking system, just like the banking cartel that had been imposed in Europe for centuries.
This led to the creation of the privately owned Federal Reserve Bank, a policy that had since been rejected by two previous presidents, Abraham Lincoln and Andrew Jackson. Both had fought vehemently to prevent this Ponzi scheme. Woodrow Wilson failed the public miserably as he was persuaded to go on with the parade that has ushered us up to this point.
The utmost secrecy was enjoined upon all: Senator Nelson W. Aldrich, A. Piatt Andrew , Frank Vanderlip, Henry P. Davison, Charles D. Norton, Benjamin Strong, and Paul Warburg.
Paul Warburg, a German-born that came from a family of Jewish bankers, was a strong advocate of central banking and he was the bill’s main sponsor. Warburg’s plans would become legislation within five years and he worked closely with Senator Aldrich, a Rockefeller family insider.
Warburg was the “director of the Council on Foreign Relations at its founding in 1921, remaining on the board until his death.” He is well known for predicting the October stock crash months in advance, foretelling of the crash in March 8, 1929.
The Greatest Increase That Any Group of Banks Has Ever Experienced in the History of the World
Russell Cornell Leffingwell, banker, Yale graduate, and president of the Council on Foreign Relations from 1944 to 1946, gave us some startling statistics of the financial system to come. Statistics such as this:
“If you would like to know the meaning of the figures which show that the resources of our banks have increased from twenty-four billions of dollars in 1914 to thirty-nine billions in 1918—an increase of more than sixty percent, the greatest increase that any such group of banks ever experienced in the history of the world—ask Mr. Leffingwell.”
Secret Society and Control of the Federal Reserve System
Leffingwell is among the “Powerful New York Branch Of the Secret Society”, as referenced in The Naked Capitalist
Author Cleon Skousen points out that:
“The system consists of 12 National Banks but the only one of any significance is the one in New York. The New York bank has always been managed by someone completely congenial to the interests of the international bankers.”
“It is important to realize that the Federal Reserve System is not a bona fide Government agency.”
The 1910 Jekyll Island meeting resulted in draft legislation for the creation of a US central bank. Parts of this draft (the Aldrich plan) were incorporated into the 1913 Federal Reserve Act. On November 5–6, 2010, Ben Bernanke stayed on Jekyll Island to commemorate the 100-year anniversary of this original meeting.
Here’s an excerpt from a very reliable source — The Creature from Jekyll Island: A Second Look at the Federal Reserve
Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundred[s] of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written… The utmost secrecy was enjoined upon all. The public must not glean a hint of what was to be done. Senator Aldrich notified each one to go quietly into a private car of which the railroad had received orders to draw up on an unfrequented platform. Off the party set. New York’s ubiquitous reporters had been foiled… Nelson (Aldrich) had confided to Henry, Frank, Paul, and Piatt that he was to keep them locked up at Jekyll Island, out of the rest of the world, until they had evolved and compiled a scientific currency system for the United States, the real birth of the present Federal Reserve System, the plan done on Jekyll Island in the conference with Paul, Frank, and Henry… Warburg is the link that binds the Aldrich system and the present system together. He more than any one man has made the system possible as a working reality. — B. C. Forbes, founder of Forbes magazine.
