- 1. The fed was established by the networks allied with
the British Empire with the clear intent of seizing control over US credit
and financial affairs, usurping those constitutionally defined powers on
behalf of private financial interests. At this point, the Fed, not the
US government has control over these affairs, with no effective opposition
from our elected government.
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- 2. In specific all Fed Open Market operations involved
in monetizing the US debt place the US government and our citizens on the
line to back currency and credit illegally issued by the Fed, on its authority
alone, without any interference by elected government. The Fed thus creates
the conditions which debase the US currency through such actions, while
effectively dictating levels of austerity to be imposed by the elected
government, although the Fed has no real power to dictate such conditionalities.
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- 3. While the Congress, and occasionally, the Executive
have impotently demanded to know what the Fed is doing, and the Fed chairman
routinely goes before Congressional committees to explain its actions,
the Fed has especially in the most recent period been undeterred by any
criticisms, and does what it pleases in imposing a monetary and credit
policy.
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- 4. Without approval by the Congress, and with the tacit
approval of the British puppet in the White House Barak Obama, the Fed
through recent actions involving the purchase and sale of toxic securities,
including mortgage backed securities whose real value is nil, has effectively
placed the full faith and credit of the US behind worthless financial paper,
in an effort to bailout the hopelessly bankrupt Federal Reserve system
of private banks, and to prevent the blowout of the multi-quadrillion dollar
derivatives bubble. These actions have pulled the pin, so to speak, on
a hyperinflationary grenade that will lead to a national and global hyperinflationary
implosion of the global system.
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- 5. Having done this, the Fed and its chairman now demand
that government back up these policies by imposing murderous levels of
austerity on our population, including the dismantling of the Roosevelt-era
created social safety net, including cuts in Social Security, Medicare
and Medicaid, and limitations on unemployment insurance.
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- 6. The model for its actions can be found in the bankers
dictatorship- established under the direction of then-Lazard Freres partner
Felix Rohatyn over a bankrupt NYC in the 1970s. In exchange for the recycling
of New York City debt by the state-chartered and backed Municipal Assistance
Corporation, Rohatyn's ``Big MAC'' was given effective veto power over
the city's budget, placing this agent of the banks above the impotent government.
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- 7. In the case of the Fed, the Fed dictated bailout policies,
carried out by the British agent Obama and former New York Fed head and
current Treasury Secretary Tim Geithner, requires the massive issuance
of government debt, which the Fed then purchases and monetizes. If the
Fed were to stop its purchases (which it does through its printing of its
fiat ``monopoly money'' which is accepted as US currency), the government
would go bankrupt. This places the Fed in a position to both covertly and
overtly control US budget and related policy.
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- 8. In addition, the Fed, through actions of its Board,
without any governmental approval, has made available funds through its
discount window and other bailout operations to foreign banking interests,
including those of the bankrupt Inter-Alpha group that have branch operations
in the US. The Fed thus places the US citizen and taxpayer on the line
for these foreign bailout operations.
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- 9. Further, the Fed has for some time been suspected
of conducting totally illegal manipulations of the stock exchanges and
bond markets through providing funds for the purchase of various stocks
and bonds, through the distribution of funds to banks and brokerages.
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- 10. The only way to call a halt to such operations, and
to restore sovereignty to our government is to shut down the Fed and its
Open Market operations, pulling the Fed's charter, and replacing the Fed
with a chartered Hamiltonian National Bank that mediates the process of
the distribution of public credit through the private banking system, as
specified by Hamilton in his famous report to the Congress on this subject.
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