America's forgotten War against the Central Banks

[formercia]

http://www.dollardaze.org/blog/?post_id=00255

Mike Hewitt
Oct. 19, 2007

Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and Andrew Jackson have argued and fought against the central banking polices used throughout Europe.

A note issued by a central bank, such as the Federal Reserve Note, is bank currency. These notes are given to the government in exchange for an interest-bearing government bond. The primary means to pay for the interest on these bonds is to borrow more bank notes, thus beginning a vicious cycle that ultimately ends with the complete destruction of the currency and bankruptcy of the nation. History is replete with such occurrences. (For a list of countries that have experienced hyperinflation click here).

This begs the question as to why such a doomed system would exist? The reason is that during the course of the arrangement, which can last for centuries, the central bankers who issue the money amass great fortunes from the large sums of interest collected. In essence it is a transfer of wealth from the many to the elite few. Government leaders prefer such a system because it does not require budgets to be balanced. It is far more politically expedient to borrow, then to directly tax the citizens.

--snip--

[Mr Rabble]

1. I'll kick this important thread.

Pretty typical to see the important stuff sink like a rock, while 50 threads about Hillary and her...anything get hundreds of replies.

Understanding the Fed, and the idea of central banks, I believe to be vital to taking this country back from the "masters of the universe".

Funny thing how people only seem to remember the good things said and done by the "founding fathers". Also, there is never any context given to any of their quotes.

[formercia]

2. Mental conditioning

Several generations worth of mass manipulation has turned the american public into a massive pack of Pavlov's dogs, ready to salivate at the sound of an electronic jingle fed to them via their TV control unit.

[formercia]

3. Mental conditioning

Several generations worth of mass manipulation has turned the american public into a massive pack of Pavlov's dogs, ready to salivate at the sound of an electronic jingle fed to them via their TV control unit.