The United States is flat-ass broke, bankrupt, and about to get repoed. Your current individual obligation is $30,124.37 (national debt/U.S population). You can blame it on the Capitalists, the Globalists, the Socialists, the Neo-Cons, or whoever you want, it don’t make a friggin’ difference.
Your future has been mortgaged by the bankers, corporate interests, and the dead-beat politicians. Instead of raising taxes to pay for government expenditures, a deceptive ploy was engineered to fleece Americans almost a hundred years ago. An organization called the Federal Reserve allows the government to borrow money (not backed by any tangible asset such as gold or silver) with interest obligations, to fund government expansion, wars, and foreign aid.
Without the existence of the Federal Reserve, Congress would be required (as Constitutionally permitted) to raise taxes, or borrow money on the credit of the United States, to pay for Federal spending. Politicians are generally loathe to vote themselves out of office with a tax increase, so the system of Fed borrowing allows for the rapid growth of spending without the attendant consequence of punishment by the voters.
An individual American’s tax liability represents income and assets forcefully extracted from the one who earned it under government compulsion. A sham is perpetuated on the people when the government is allowed to accrue future tax-payer debts without the citizen’s knowledge or democratic veto opportunity. That being said, here is a little history lesson.
The Creature from Jekyll Island
The United States took a shot at a centralized bank a couple of times, both with 20-year charters. A severe panic in 1907 prompted reform measures to create another central monetary system. In 1910, Nelson Aldrich, the Senate Republican Leader met up with agents representing the banks of J.P. Morgan, Rockefeller, and Kuhn, Loeb, & Co. They traveled secretly to avoid media scrutiny and secluded themselves for 10 days in Jekyll Island, Ga. At this meeting, the plan for a centralized banking structure was hammered out including the creation of the uniform discount rate.
In his autobiography 25 years later, Frank Vanderlip, president of the National City Bank of New York and Jekyll Island attendee wrote:
I was as secretive, indeed I was as furtive as any conspirator. Discovery, we knew, simply must not happen, or else all our time and effort would have been wasted. If it were to be exposed that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress…I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.
The legislative bill created out of the Jekyll Island meeting became known as the Aldrich Plan. With the election of Woodrow Wilson in 1912, a deal was brokered that passed a slightly modified version of the Aldrich Plan. This version was amended to introduce a Federal Reserve Board appointed by the executive branch to maintain control over the bankers. A day before its passage, Rep. Charles Lindbergh had this to say:
The worst legislative crime of the ages is perpetrated by this banking bill…The banks have been granted the special privilege of distributing the money, and they charge as much as they wish…This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private…There should be no legal tender other than that issued by the government…The People are the Government. Therefore the Government should, as the Constitution provides, regulate the value of money.” (Congressional Record, 1913-12-22).
The Federal Reserve (a quasi-public/private partnership) became fully operation in 1915 and played a major role in financing the Allied and American WWI efforts. Federal Reserve notes were created out of thin air to provide a supply of currency. The Fed is in fact a banking cartel designed to protect the profits and interests of the member banks and shield them from outside competition.
In a nutshell, fiat currency is printed by the Fed and they lend that money, with an interest obligation, to the Federal government. The Fed interest rate is manipulated from time to time to counteract the effect of inflation. Inflation is a risk whenever the money supply is artificially increased by lending more to the government. Inflation results when the market perceives the addition of dollars to the money supply, which in turn, is chasing the existing level of goods and services. As a consequence, supply and demand market forces drive up the cost of goods and services, thus creating a precarious situation requiring continual intervention and interest rate adjustments.
The meetings of some components of the Fed are held behind closed doors, and the transcripts are released with a lag of five years. The Board of Governors for the Fed has a budget of 609.5 million dollars. It spends hundreds of billions purchasing Treasury securities below market price. Little is known about the men, or the reasoning, behind the Fed’s decisions. Due to its private/public character, many of its activities are shielded from public scrutiny.
Here is a nifty little chart that shows the amount of the national debt from 1940 – 2006. The debt was accrued with fiat money loaned from the Federal Reserve requiring interest payments. Just so you know, 9 trillion dollars is a shit-load of money and looks like this – $9,000,000,000,000 (enough to fight the Iraq War for another 90 years).
The $30,124.37 that you owe out of that 9 trillion is a mortgage on your future earnings. Your government does not tell you that you owe it, but you do. The mainstream media does not tell you about it because they hold a precious broadcast license (subject to revocation for misbehavior) from the government. The media conglomerates are allowed to consolidate their power (thus limiting outside competitors) if they impliedly agree to keep you in the dark. The bankers win, the politicians win, the corporations win, the media companies win – but what about the tax-payer?
You are summarily screwed – unless you do something about it. You have a Constitutional right to petition your government for a redress of grievances. Contact your U.S. Senator and Representative to voice your disgust. Do not let this injustice to every American stand unchallenged. Reject your involuntary servitude in the Slave Nation.
Watch the film “Fiat Empire” for additional information on this fraud perpetuated on the American tax-payer.
I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
– Thomas Jefferson