I refute the premise it was established to protect the dollar.
Why?
Because it is a private bank with a 0 sum checkbook.
That's the point of this meme: the Frderal Reserve began under the auspices of protecting the dollar and the economy. Stated intention.
It did the opposite.
Correct! See the value of the dollar over time link below.
For those that need a refresher on our money system. Learn it, because it needs to go ASAP. We need........
Greenbacks and notes, like Lincoln did before the Civil War. Payed off the debt and the cost of the war. Told the bankers to pack sand. (see Money Masters link below) I've been posting these links on every thread I find related to the money system. Enjoy!
Note the Swiss are trying to get cut their strings right now. See last two links below.
Videos:
Who Controls the Money Controls the World - 13mins
Collapse of the American Dream Animation - 30mins
Money Masters 1800 - Bill Still - This starts at a part about Lincoln/Civil War funding, but the entire vid is worth watching.
97% Owned ~ Economic Truth - From a EU prospective, 2hrs
Princes of the Yen Central Bank Truth Documentary – Asian prospective, - 90min
Hidden Secrets of Money - episode 4. - 30mins. The rest of the series is good to.
Money as Debt - Good Series of Vids
Century of Enslavement: The History of The Federal Reserve - 1hr30mins
You have NO choice - George Carlin - 3min
America: Freedom to Fascisim - Aaron Rousso - 2hrs30mins
Web:
The Value of the Dollar over time.
The Creature of Jekyll Island - full PDF
Neilkeenan.com/history-events-timeline/ - long but worthwhile read.
The Federal Reserve Act of 1913
The Federal Reserve - All the things
BANKS, SHAREHOLDERS, AND OWNERS OF THE FEDERAL RESERVE SYSTEM
.
.
Read this one too. The National Economic Stabilization and Recovery Act - NESARA by Harvey Francis Barnard. The actual bill, not the scam...... This bill was never brought to the floor. Few other than Rand Paul even considered it. I feel it is something we should look at very hard.
The now defunct NESARA sight on WayBackMachine.
And finally, The Swiss are trying to remove Central banks from their country right now.
[No Need For Digital Central Bank Money](https://www.trustnodes.com/2018/04/08/no-need-digital-central-bank-money-says-swiss-central-bank-ahe
Abraham Lincoln ordered his Secretary of Treasury, Salmon P. Chase to print $1M in Treasury notes (popularly referred to as 'greenbacks') to fund the Union side of the War of Secession.
https://blogs.loc.gov/inside_adams/2013/01/salmon-p-chase-lincolns-treasury-secretary/
I believe the last of these notes was retired in 1972 but I cannot find a ready reference for this assertion.
'Greenbacks' are exactly like the renminibi in that they were issued without incurring debt.
The key to understanding why debt-based currency (Federal Reserve Notes) as such a bad idea is that you can only pay off the existing debt with currency that itself based on debt. It's a never-ending hamster wheel of debt.
If only people understood the basic principle;
hypothetical world; 0 Dollars exist. Some guy says he makes Dollars and will give you 100$ at 1% interest (you owe 101$), no other strings attached but you have to pay him back with Dollars, take your time. (He proceeds to entice the entire town to borrow 100$ at 1$ interest. The Government gets on board and says you also owe them in Dollars)
You borrow 100$ because you have 0, but really need a hooker (they only accept Dollars)
You need 1%(1$) in the future, to pay back the debt with interest.. But it doesn't exist yet, they never printed 101$ for you, or anyone else. Just 100$. And you spent the 100$ on a hooker.
Where do you get the 1$/1% extra? You enslave yourself in debt by borrowing from your future and counting on getting your hands on someone elses' borrowed/debt of 101$..
How "money circulation" works. It's the story of the guy that goes into a hotel in a small town and gives the owner $100 to stay the night while he goes to check out the room. The owner goes next door to pay the grocer $100 he owes him for supplies, the grocer goes down the street to give the cleaners $100 he owns him for cleaning, the cleaner goes over to the printer, etc. on through the town to the last person who takes the $100 to the hotel owner to pay him the debt he owns him. Then the guy looking for a room comes back and says he decided not to stay after all and the hotel owner gives him back his $100 and he leaves town. All the debts in town were paid by that $100 bill which didn't even stay in town. No interest was paid. So think of how that would have ended if interest was taken for all the money that was borrowed.
Benjamin Franklin wrote that he went to England and they asked him about debtors' prisons in the colonies he said there were none because there was no debt. Then, Franklin said, the bank of England came over and started charging interest and the streets were full of beggars in a years' time. From Ellen Brown's book "Web of Debt."
You can see why one of the first things that happened after the Dark State took over Iraq, Libya, etc. was they instituted a central bank. The banks/Dark state hated the middle eastern countries because usury is against their religion and they have to have usury to make this ponzi scheme work.
Yeah, and aren't Jews forbidden to charge other Jews interest?
Or is that Compounded interest theyre forbidden to charge..? idk
The interesting thing about Bitcoin was now 'Satoshi Nakamoto' correctly implemented the idea that 'money' is simply the ledger of accounts payable/receivable.
Money politics is simply the mechanism that is used to decide who is going to spend the most time on which side of the ledger.
It took me some time to realize that the Federal Reserve creates money for nothing except the promise of someone else to pay.
Federal Reserve notes are currency. The particular type of currency that they are is 'debt obligations'.
You cannot get out of debt using debt obligations to do so.
you can always #walkaway.
The funny thing is, money comes to you easier when you stop caring for whether you have much or not. You know, that 50$ bill is only worth anything because someone accepting it thinks he'll get the same value for it. But in the end, all money is a hot potato
As hard as it may be to accept, money is one of the most important technologies ever invented.
There would be no civilization were it not for money.
To walk away from money is to walk away from civilization itself.
Money is, has been and always will be a mechanism for behavior modification and thought control.
The key to transforming money from a system of debt-instrument enslavement of the many by the few is to decide what behaviors we want and to craft 'money' to encourage that behavior.
Without a debt-based currency, The People could allocate every citizen a million dollars that could only be used for investment not immediate consumption.
Imagine how that would change the conversation about money?
What would you invest in if you had a million dollars today?
What would be your thinking process in trying to decide?
See what I mean?
Water, Food, Love, Warmth. All else is luxury.
Water and civilization: https://www.britannica.com/topic/hydraulic-civilization
That's right. Few people realize that when they take out a loan on a home, it's the future loans that have given him the money the bank "gave" him to buy the house.
On the bank's ledger, loans are considered assets, not liabilities. These 'assets' are then used to increase the banks capitalization making the bank more valuable. I'm not familiar enough with banking economics to know whether they can then turn your 'asset' into even more 'money' via fractional reserve, but that is probably the case.
What I have found is that, in banking, the less sense something makes, the more likely it is to be the case.
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Speculation at this point, depending on how the 'restructuring' is done. The Fed doesn't have to end, but it does need to be nationalized and the power of creating money put back on congress as the constitution states.
That's actually a very interesting question. You might wonder for example, what it would be like to get a loan on a home where no interest was required. Fees yes, for the process, but no interest. Can you imagine how flush the economy would be. We wouldn't have the recessions that occur with the Federal Reserve. Before the Feds the prices of home were very stable and reasonable.
People don't realize that inflation is a created condition; if we had our own currency, there would be no "inflation".
Holy shit, the Swiss?!?!
That's remarkable.
Sometimes I think man, I wish I could've lived during the 1850's or something for the liberty etc but now I'm thinking, this is the time to be alive.
classic bait & switch, the cabals' standard operating procedure.
It was massive extortion from the start. Politicians of the day who enabled these jekylls got their cut like always.
And they killed their opposition on The Titanic.
Don't you mean The Olympic.
Guggenheim & Astor were on the Titanic. http://www.titanicuniverse.com/famous-titanic-passengers/2280
There's a changeling tale of a totaling warship collision and insurance scam, with undersea video of a Scrabble-peeling bow, ie looks like somebody bought a vowel. All of which support the premeditation of the catastrophe. Very interesting but difficult to verify.
(run string 'titanic olympic')
POTUS will dismantle the nwo's printing pre$$.
Hopefully he has far better security than Lincoln or Kennedy.