President Andrew Jackson "Kills" the Bank and the Bankers almost Kill President Jackson!

Episode 12 from: The Federal Reserve is neither Federal nor a Reserve. It is one of the Greatest Scams of Alltime!

Throughout the history of the United States there has been a vicious struggle between central bankers and those who oppose them. In fact, the United States was created out of that struggle.

During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin to explain the new found prosperity in the colonies. Franklin replied:

"That is simple. In the colonies we issue our own money. It is called "Colonial Script." We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money we control its purchasing power, and we have no interest to pay to no one."

The Bank of England was none to happy and so the bankers convinced British Parliment to put a stop to Colonial Script. The Currency Act of 1764 did just that and the Colonial Script was to be exchanged at a rate of 2:1 with Bank of England Notes.

The result was widespread unemployment and economic depression in the colonies!

Twenty-seven years pass and the European bankers start a private Central Bank known as The First Bank of the United States. Secretary of State Thomas Jefferson argues that the bank violates traditional property laws. He goes on to say;

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation and then deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from banks and restored to the people to whom it properly belongs."

The First Bank of the United States was given a 20 year charter. In the first 5 years of operation, the American government borrowed $8.2 million and prices rose by 72%. After the 20 year charter expired the government voted against renewing it and the bank closed its doors on March 31, 1811.

Nathan Mayer Rothschild, son of Mayer Amschel Rothschild head of Europe's most powerful banking family was reported as saying that "the United States would find itself involved in a most disastrous war if the bank's charter were not renewed." Five month's after The First Bank of the United States closed the British declared war on the United States. (The War of 1812) allegedly financed by loans from the Rothschild's.

Four years later The Second Bank of the United States was chartered in 1816 ... the European bankers were back!! Andrew Jackson was an advocate of sound monetary policies as outlined in the U.S. Constitution and opposed the central bank system of issuing currency against debt. So he had an investigation done on the bank and discovered "beyond question that this great and powerful institution had been actively engaged in attempting to influence the elections of public officers by means of its money."

On July 10, 1832 President Jackson veteod Congress' decision to renew the charter of The Second Bank of the United States. He said;

"It is not our own citizens only who are to receive the bounty of our government. More than 8 millions of the stock of this bank are held by foreigners ... is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence would be more formidable and dangerous than a military power of the enemy."

In 1835 Jackson paid off the final instalment on the national debt. He was the first and only president to ever accomplish this!

Speaking about the bankers he said;

"You are a den of vipers, I intend to rout you out, and by the Eternal God I will rout you out! If the people only understood the rank injustice of our money and banking system there would be a revolution before morning."

A few weeks later, Richard Lawrence, attempted to assasinate President Andrew Jackson who then told his Vice President Martin Van Buren, "The Bank Mr. Van Buren IS TRYING TO KILL ME."

Richard Lawrence allegedly told several friends that wealthy people in Europe had promised to get him released should he be caught.

The Vast Majority of American's have Never Legally Owed a Dime in Federal Income Taxes!

In doing my research on the SCAM that is the FED, I spent a lot of my time reading the U.S. Federal Income Tax Act ... yes, I'm in desperate need of a life!

Why? Because, as I have already stated, it is the American taxpayer who is the guarantor of the American debt, a debt which is owned by the Fed and by foreign governments.

After you sift through all of the mumbo-jumbo of government-speak the truth, as it will always do, becomes crystal clear and self-evident. After all the truth is the truth!

The Constitution allows Congress to impose a limited, perfectly Constitutional Tax, on income derived from commerce with foreign nations, nonresident aliens, foreign corporations, and in certain cases, citizens and domestic corporations deriving income from sources within possessions of the United States, places like Guam and Puerto Rico. [(26CFR&39.22(a)-1 (1956)]

Over several decades of regulations and ammendments nowhere in the Constitution of the United States is there a provision for domestic income tax to be levied on American citizens by the Federal government. It simply is not and has never been within their pervue!

The well over one trillion dollars ($1,000,000,000,000) of income tax which American's pay each and every year to their government is the largest financial fraud in history. Remember, Congress started dipping their hands into your pockets a few month's following the establishment of the Federal Reserve System. (check-out my previous posts on this subject).

Albert Einstein said that the highest form of arrogance is "condemnation before investigation." So before you dismiss the Cantankerous One as some kind of conspiracy wing-nut, DARE TO FOLLOW the EVIDENCE with an open mind, wherever the evidence may lead. Evidence will eventually lead to the truth and the truth will speak for itself!

What you do or not do with the truth is completely up to you!

PS: Here is an extremely informative web site which will take you through the tax system in a concise and easy to understand manner. I think that you will find "Taxable Income (The Evolution of Deception), a deciphering of the Federal Income Tax Act to be more than a little disturbing.
http://www.theft-by-deception.com/TaxableIncome2007.pdf

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 11: Right From the Horse's Mouth

Here is a quote from Page 2 of Modern Money Mechanics, a publication of the Federal Reserve Bank of Chicago:

"The actual process of money creation takes place in the banks."

Subsequent to that, a quote from Page 8 of Philadelphia's The National Debt, which is also a Federal Reserve Bank publication:

"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money - almost any amount of it. This power makes technical bankruptcy out of the question."

Federal Reserve member banks are protected from any risk of bankruptcy. Just by keeping a 10% reserve rate in the bank's Federal Reserve Account they are allowed to loan more money than they have. For example, a $10,000 "deposit" allows the bank to lend $90,000 which it does not have and still remain protected.

How? The American public protects the banks from bankruptcy by paying higher prices for goods and services should the Fed have to dilute the money supply by printing sufficient money to prevent the bankruptcy of a bank.

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 10: Some Fed Facts!

• In 1992 taxpayers paid the Fed banking system $296 billion in interest on money which the Fed created out of "thin air" with no hard assets such as gold, silver or other precious metals to back it up. Nice scam!
• 54% of personal federal income taxes goes to pay this interest. 54% less money to directly benefit American citizens.
• The Fed's books are not open to the public. Why not?
• Congress and the IRS do not have access to the financial records of the Fed. Why does the IRS have the right to know everything about you?
• Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years he introduced legislation to repeal the Federal Reserve Banking Act of 1913. The Act still stands today. Why???
• Congressman Henry Gonzales introduces legislation to repeal the Federal Reserve Banking Act of 1913 nearly every year. It's always defeated. Why????
• The Fed is illegal as per Article 1, Section 8 of the United States Constitution. Why does Congress refuse to acknowledge that fact?
• The 16th Ammendment, giving Congress the right to tax you to death, was also enacted in 1913 within months of the Fed's inception. Yet not a single solitary state has ever legally ratified the 16th Ammendment. So just how legal is personal income tax?
• The profit of the Fed is not taxed. So why are you taxed?
• Section 7 of the Federal Reserve Act, passed December 23, 1913 states that much of the profit of the Fed must flow back into the U.S. Treasury. Remember my post on the Unholy 7 meeting at Jekyll Island where some members were upset that too much power was being given to the government and Paul Warburg said; Fuggedahboudit ... lets get the Fed Act passed first and then we'll fix it later to our own liking? Well they did!! In 1959 new legislation was passed to allow the Fed to divert profits to private commercial banks substantially cutting profit flowing to the Treasury. Why did Congress allow this legislation to pass? How many government officials became rich on that two-step?
• The Federal Reserve Banks work on a 10% reserve requirement. For example;
• (1) Let's say the Fed creates $1,000,000 in "Fiat Money" (currency that has no assets whatsover to back it up), except the blessing of Congress, and distributes it to banks.
• (2) The bank "holds" 10% ($1000,000) in reserve as operating capital and then loans the rest out, lets say for the purposes of easy math, at a 10% interest rate.
• (3) The bank then earns $90,000 in interest payments and now also has the $900,000 which it originally loaned. Remember that you are paying interest on money that was created out of thin air, with no hard asset backing, and at absolutely no cost to the Fed except for the paper and ink.
• (4) The bank now deposits the $900,000, retains 10% ($90,000) as operating capital and loans $810,000 at 10% interest.
• (5) After just 2 cycles the bank has $190,000 in operating reserves and has earned $171,000 in interest on money that was created out of thin air. Even David Copperfield would be unable to do this.
• Inflation used to be about 1% every 10 years before there was a Federal Reserve System. After the creation of the Fed in 1913 inflation has skyrocketed to 1,779%
• The Congress will not allow an individual citizen to do what it allows the Fed to do. That is to create illegal U.S. money out of thin air, force people to use it, and pay interest to the Federal Reserve by charging you income tax.
• In 1992 Americans paid $296 billion in interest on government debt which is owned by the Fed.
• In 2006 Americans paid over $352 billion in interest on government debt which is owned by the Fed.
• How many trillions of dollars in total have Americans paid in interest on government debt to the Fed just between the years of 1992 to 2006 alone? How about between the years 1913 and 2008? Now that's heavy duty inflation ... a 1,779% increase in inflation over the 95 years between 1913 and 2008 now seems quite logical.

Chinese Consumer Products Crap Continues!

I apologize...sort of. I suppose that I should be more polite in my headline but the Cantankerous One's blood is in a slow and continuous boil!

The U.S. Consumer Product Safety Commission reports that in 2007 they recalled a total of 447 products for safety concerns. 298 were manufactured in China and only 62 were made in the U.S. The rest came from other countries.

In 2006, the CPSC recalled 467 products, 221 were Chinese imports and 113 were products made in the U.S.

In 2002, there were 99 Chinese products recalled, and 150 U.S. made products which were "given the CPSC hook."

Isn't it interesting that between the years 2002 and 2007, recalls of Chinese made products have soared from 99 to 298, while American made products have dropped substantially from 150 to 62. Part of the reason of course is that many American companies have shipped their manufacturing to China ... bless their greedy little hearts.

Last year Chinese imports were recalled for poisoning pets, risking human food supplies and reintroducing lead poisoning to childrens toys ... bless those psychopaths in cheap suits.

FDA inspectors turned away monkfish that turned out to be toxic pufferfish, drug-laced frozen eel and juice made with unsafe color additives. Oh, and let's not forget toothpaste laced with ethanol, and increasing food imports rejected with increasing frequency because they are filthy, contaminated with pesticides and tainted with carcinogens, bacteria and banned drugs.

In 2007 the Chinese sent:

• computer notebook batteries that burned-up computers.
• exploding air pumps.
• oil-filled electric heaters that burned down homes.
• Easy-Bake Ovens which trapped children's fingers and caused burns.
• oscillating tower fans that cause fires, burns, and smoke inhalation injuries.
• baby carriers resulting in babies falling out of them and causing bruises and skull fractures.
• swimming pool ladders that break resulting in lacerations, bone fractures, torn ligaments and ankle sprains.
• circular saws that cut their users instead of the wood.
• heated massaging recliners with burn hazards.
• glassware that breaks in your hand for no apparent reason.

The Cantankerous One has the perfect solution to this problem. As a quality control measure to ensure the safety and reliability of all products manufactured in China, all of the top Communist Chinese poohbah's should be required by law to eat all of their tainted food products and personally use all other products for a period of one year. If they haven't become sick, or died, and if they haven't been burned and still have all of their limbs, then and only then, can their products be exported to the U.S. The same should also hold true for all of the executives at companies that have outsourced their production to China at the expense of American workers as well as all importers who bring this "crap" into the U.S.

Okay, so I'm dreaming. The odds of my proposal becoming reality is the same as the odds of Peewee Herman winning an Academy Award. Ooops, that's not entirely true. Peewee has better odds.

In the meanwhile America, why are you still buying Chinese? It certainly can't be for the quality. You're saving a buck or two on substandard merchandise all the while putting yourselves out of work ... and in my opinion, that's being penny wise and pound foolish!

Mr. Bush and Mr. Harper ... What in the Tarnation is This All About?

On February 14th, Canada and the United States signed a military agreement which allows the armed forces of one country to support the armed forces of the other country during domestic civil emergency even if that emergency does not involve a cross-border crisis.

The bottom-line on this agreement (Civil Assistance Plan) is that the U.S. military and the Canadian military can cross each others borders to fight domestic emergencies. My question is what possible "domestic emergency" could Stephen Harper be possibly expecting that would prompt him to enter into an agreement that would provide for American troops to be on Canadian soil? Riddle me that Batman.

Conversely, what domestic emergency is George Bush anticipating that he would need Canadian troops on American soil? It just doesn't make any sense on the surface. Are we looking at another WMD (weapons of mass deception) scenario.

This agreement has not been announced either by Mr. Harper's government or by the Canadian military. WHY NOT MR. HARPER? Why are Canadians being purposely left in the dark on this agreement?

In the U.S. this plan has not been submitted to Congress for approval, nor did Congress pass any law or treaty specifically authorizing this military agreement to combine the armed forces of the U.S. and Canada in the event of a "wide range of domestic CIVIL disturbances." Does this not violate the U.S. Constitution?

Once again, what do both countries know or think that they know which would cause them to take this seemingly pre-emptive action. What civil disturbances are they afraid might occur?

This agreement was signed at U.S. Army North Headquarters, Fort Sam Houston, Texas by U.S. Air Force Gen. Gene Renuart, Commander of Norad and U.S. Northern Command, or USNORTHCOM, and by Canadian Air Force Lt. Gen. Marc Dumais, Commander of Canada Command.

Let me throw in this bit of information as it may pertain to this agreement. In May 2007, President Bush, on his own authority, signed National Security Presidential Directive 51, also known as Homeland Security Presidential Directive 20, authorizing the President to declare a national emergency and take over all functions of federal, state, local, territorial and tribal governments, without necessarily obtaining the approval of Congress to do so.

I would urge people on both sides of the border to seriously begin connecting the dots on this one and determine for yourselves what sort of picture is slowly being painted by Mr. Bush and Mr. Harper.

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 9: McFadden Says the Fed should be Liquidated and Government
Officers violating their oaths Impeached and brought to Trial!

Rep. Louis T. Mcfadden (R. Pa.) rose from office boy to become cashier and eventually President of the First National Bank in Canton, Ohio. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America.

He fought ardantly and continuously for financial integrity and for the return to constitutional government. Here is a portion of Rep. McFadden's speech, quoted from the Congressional Record, pages 12595 - 12603.

"Federal Reserve banks are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders."

"This is an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable."

"No man and no body of men is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve banks. These evil-doers have robbed this country of more than enough money to pay the national debt. What the government has permitted the Federal Reserve Board to steal from the people should now be restored to the people."

"Our people's money to the extent of $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve banks. The greater part of our monetary stock has been shipped to foreigners."

"Why should we promise to pay the debts of foreigners to foreigners? Why should American farmers and wage earners add millions of foreigners to the number of their dependents? Why should the Federal Reserve Board and the Federal Reserve banks be permitted to finance our competitors in all parts of the world?"

"The Federal Reserve Act should be repealed and the Federal Reserve banks, having violated their charters, should be LIQUIDATED IMMEDIATELY!

"GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE IMPEACHED AND BROUGHT TO TRIAL!"

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 8: Who Owns the FED?

Article 1, Section 8 of the Constitution of the United States of America states that Congress shall have the power to coin (create) money and regulate the value thereof.

In 1935 the Supreme Court ruled that Congress cannot constitutionally delegate its power to another group. Yet they did ... in direct defiance of the Supreme Court and the Constitution. I ask once again, why the Congressmen who voted to give the power to create money to the Fed, weren't made "the bitches" of the general population in Leavenworth? There is an answer which we will provide in one of our forthcoming episodes.

Now, who is that other group? Who actually owns the Fed? Do any of these folks ring your bell?

• Rothschild Bank of London
• Warburg Bank of Hamburg
• Rothschild Bank of Berlin
• Lehman Brothers of New York
• Lazard Brothers of Paris
• Kuhn Loeb Bank of New York
• Israel Moses Seif Banks of Italy
• Goldman Sachs of New York
• Warburg Bank of Amsterdam
• Chase Manhatten Bank of New York

The individuals listed below owned banks which in turn owned shares in the Fed. The banks listed below have significant control over the New York Fed District, which controls the 11 other Fed Districts. These banks are also partly foreign owned.

• First National Bank of New York - James Stillman
• National City Bank, New York - Mary W. Hamman
• National Bank of commerce, New York - A.D. Jiullard
• Hanover National Bank, New York - Jacob Schiff
• Chase National Bank, New York - Thomas F. Ryan, Paul Warburg, William Rockefeller, Levi P. Morton, M.T. Pyne, George F. Baker, Percy Pyne, Mrs. G.F. St. George, J.W. Sterling, Katherine St. George, H.P. Davison, J.P. Morgan (Equitible Life/Mutual Life), Edith Brevour, T. Baker

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 7: How the Fed Works - the Fed Controls the Government and
Not the other way around!

"Allow me to control the issue and the nation's money and I care not who makes its laws."
Amshell Rothschild


The Federal Reserve Bank is a private corporation. Black's Law Dictionary defines the Federal Reserve System as:

"Network of 12 banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves."

In the case of Lewis v United States, Federal Reporter, 2nd Series, Vol 680, Pages 1239, 1241 (1982) the court said:

"Each Federal Reserve Bank is a seperate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each bank's nine member board of directors."

In Black's Law Dictionary we find that these privately owned banks actually issue money.

"Federal Reserve Act Law which created Federal Reserve Banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks."

The privately owned Fed actually creates and issues the "money" we use. In 1964, the House Committee on Banking and Currency, subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains this description of what the Fed is:

"The Federal Reserve is a total money-making machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 dollar bills necessary to cover its check simply by asking the Treasury Department's Bureau of Engraving to print them."

Article 1, Section 8 of the Constitution states that only Congress shall have the power to coin (create) money and regulate the value thereof.

Today however it's the Fed, a privately owned company, which creates and profits by printing money through the Treasury and regulates its value.

Clearly it was Congress on December 22. 1913 who illegally gave the Fed the right to print money through the Treasury ... it was President Wilson who signed it into law on the following day, clearly and directly violating Article 1, Section 8 of the United States Constitution.

Why were the members of Congress supporting this law not charged with treason? Why was President Wilson not impeached and also charged with treason? Why are all members of government from 1913 untill today who have not worked to repeal this law not charged with treason? Is it not their sworn duty to uphold the Constitution of the United States?

The Fed creates money "out of thin air" whenever it benefits them and loans it back to us the people through banks and charges interest on our own money!

The Fed also buys government debt with money they themselves have printed and charges government interest. This money is repaid to the Fed through the government charging us income tax. IS THIS NOT FRAUD?

On June 10, 1930 Louis T. McFadden (R.Pa.), former President of the First National Bank in Canton Ohio, and for 12 years the Chairman of the House Banking Committee described the Fed in the Congressional Record, House Pages 1295 and 1296 as follows:

"Mr. Chairman, we have in this country one of the most corrupt organizations the world has ever known. I refer to the Federal Reserve Banks. The Federal Reserve has cheated the Government of the United States and the people of the United States out of enough money to pay the entire national debt."

Rep. McFadden went on to say, "Every effort has been made by the federal Reserve to conceal its power but the truth is the Federal Reserve has USURPED THE GOVERNMENT OF THE UNITED STATES! IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT WILL!

Race for the White House: Who's giving Money to Who!

There's a fabulous web site that is definately worth visiting - http://www.opensecrets.org

It's the web site of the Center for Responsive Politics. There you will find complete campaign finance reports for the presidential candidates. I was fascinated to find out who's contributing to whom, what the candidates are spending and where, who the heavy hitters are, etc.

I was surprised to learn that the Lobbyists overwhelmingly love Hillary, contributing $764,142 to her campaign while donating only $87,108 to Obama, $422,276 to McCain and a whopping $300 to Ron Paul ... was it something that Ron said?

The Lawyers and law firms are Billary's single biggest fans ponying up a mere $12,452,460 to get her nominated. Obama received $9,732,282 ... boy those lawyers have bucks to toss around. McCain received $2,557,661 and then they sent Ron Paul $237,275... I guess at this point they simply ran out of bucks!

Here's what really sticks out like a sore thumb. The lobbyists, lawyers, commercial banks, hedge funds, real estate, and the securities and investments sectors are really dumping on Ron Paul, the man who has promised to uphold the Constitution of the United States by shutting down and abolishing the Federal Reserve.

When the big boys try to make Ron Paul irrelevant, perhaps the alarm bells should go off, and America would be served well by taking a close look at what Ron Paul stands for.

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 7: How the Fed Works

The Federal Reserve System, although it makes itself to appear as though it's a government operation of some kind, is in reality a cartel of privately owned banks who are protected by law, and who are in Partnership with the Government.

Here's how it works! Everything starts with the government side of the partnership. As we know all too well, government always spends more money than it has, hence they're perpetualy living in an ever-increasing deficit world.

Let's say that Congress, in its always questionable wisdom, has decided that it needs an extra billion dollars to spend on something or another. So they walk down the street to the Treasury and ask for the money. The Treasury says, "no can do boys, the cupboard is bare." Oh no ... what to do?

So then the Congress and the Treasury walk further down the street to the printing office and run-off a stack of certificates that say either "U.S. Government Bond" or "Note" or "Bill" depending on what the maturity date is going to be.

Then they offer these certificates to the private sector hoping that people will buy them, in effect loaning the government the money that it needs.

Investment advisors will then tell you that these certificates are the most sound investment that you can make because they are "backed by the full faith and credit of the U.S. Government." Uhhuh .... the same government which didn't have the money in the first place and is floating in a sea of seriously mounting debts.

Full faith and credit of the U.S. government means that the government swears on a stack of Bibles that you will get your money back with the promised rate of interest even if they have to tax you to death to raise the money.

All of the certificates have been sold but the government still needs more money. So they now walk past the printing office to the Federal Reserve building, where an officer of the Fed pulls out a checkbook and writes a check to the U.S. Treasury for a billion dollars with no questions asked.

Question ... where did the Fed get the billion doillars to give to the Treasury when in fact there is NO MONEY in the account at the Federal Reserve and technically there isn't even a Federal Reserve account?

The answer is simple. The billion dollars "is created" the instant that the officer at the Fed signs the check. It's called "monetizing the debt."

The government is a willing partner in this SCAM because they can get instant access to any amount of money, at any time, from the bankers without having to go to you as the taxpayer. Without this "shell game" known as the Fed, the government would have to go to you directly for funds through increased taxation every single time they needed money (we'll expand on that later). That would most certainly upset you and if there is one thing that the dunces in Washington know is that you do not purposely upset voters.

Now the Treasury takes the billion dollar check which was created out of thin air, with no reserves to back it, and money which did not exist anywhere in the entire solar system before the check was written and deposits it into the government checking account. Presto ... all of a sudden the government computers show that it has a billion dollars to spend.

Not bad. Wonder what would happen if you and I wrote checks on money that we created out of thin air. I think that we might wind up dancing with big hairy men in Leavenworth.

Next: Episode 7 How the Fed Works - the Fed controls the Government and not the other way around!

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 6: The Plan, Part 2

Step 2 of the Plan was to sell the concept to the American public.

The first draft of the Federal Reserve Act, when presented to Congress, was sponsored by Nelson Aldrich and was called the Aldrich Bill.

Paul Warburg had cautioned Aldrich not to sponsor the bill because Warburg felt that Aldrich was too closely identified with big business and that Congress would vote the bill down. Warburg was right. The bill in its presented form died on the floor.

The Unholy 7 took the bill back, moved some of the paragraphs around, and removed Aldrich's name. They found two Democrats, Carter Glass in the House and Senator Robert Owen, himself a banker, to sponsor what would be called the Glass-Owen bill.

Aldrich and Vanderlip then began to give speeches and interviews to newspaper reporters condemning the bill as "ruinous to banking and terrible for the country." By the time the average guy on the street read Aldrich and Vanderlip's comments, the thinking amongst America became, that the Glass-Owen bill must be a good thing because the big bankers were opposed to it. Another brilliant strategy!

Meanwhile back at the ranch, the Unholy 7 were digging ever deeper into their bag of deceptive tricks. They began paying the costs of creating "grassroots study clubs" across the country. They sponsored these clubs, held public meetings and printed brochures and pamphlets extoling the virtues of the Federal Reserve System.

They gave large sums of money to some of the more prestigious universities in America to create new departments of economics. They hand picked their own people to be professors to head up these departments, who then in turn, gave speeches and wrote essays promoting the wisdom and benefits of the Fed.

Paul Warburg then further toned-down the Glass-Owen bill because he felt that the new legislation had to be palatable to as many people in government as possible. In his opinion this was the crucial time during which the boat of common sense could not be rocked.

The other members of his group were upset because they felt that Warburg's toned down legislation was giving up too much of the power and control which the bankers were seeking. Warburg's rationale was elegantly simple. The main objective was not to try to get everything which they had wanted coming straight out of the gate for that would not be possible. Rather it was Warburg's strategy to get the bill passed into law first, then "fix it up later to their liking."

Since the Federal Reserve Act has been passed it has been ammended over 100 times with each amendment greatly expanding the power and reach of the Fed.

The last hold-out against the bill was William Jennings Bryan, the head of the Populist Movement, who was deeply concerned that the bill would ruin the nations money supply. But when he saw Paul Warburg's watered-down version of the bill, Bryan supported the bill never dreaming that once the bill was passed it would be continuously amended.

The Unholy 7 were masters at their game. They understood people, politics and mass psychology. And they played each card perfectly.

Popular support was finally gained for the bill and on December 22, 1913 the bill was passed by Congress and the following day was signed into law by President Wilson.

The Federal Reserve had won the battle and America was now its prize!

Next - Episode 7: How the Fed Works.

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 5: The Plan

In the years prior to the Fed a lot of banks were folding. People were losing their money and investments. There were runs on the banks and the banks would not give people their money back.

In particular, people were extremely concerned about what was refered to as the "money trust" or the concentration of incredible wealth in the hands of a few large banks on Wall Street.

For politicians the "money trust" represented a golden opportunity. If they campaigned against it chances were good that they would be elected.

Enter President Wilson. He campaigned hard against the "money trust." Problem was that he was "hand-picked" by the "money trust." He was financed by the "money trust." All of his key advisors and political cronies were part of the "money trust," and at the end of the day he sold out America. Who says that you can't buy yourself a President?

He didn't sell-out to the old "money trust" but rather to the new "money trust." For in 1913 after senator Nelson Aldrich, maternal grandfather to the Rockefellers and one of the unholy 7, pushed the Federal Reserce Act through Congress just before Christmas when much of Congress was on vacation, President Wilson passed the Fed into reality.

Later President Wilson was to remorsefully say, "I have unwittingly ruined my country!"

Now here is the plan which created the Fed. The unholy 7 wanted to create a central banking system in America. It's an ingenious concept that was created in Europe in the 16th century and perfected with the formation of the Bank of England in 1694. Later in this series I'll explain just how central banking works and why it is so dangerous. But suffice it to say for now that under a central banking system it is the bankers and the government who "own your butts" lock, stock, and barrel.

The main problem that the unholy 7 faced on Jekyll Island was what should they call the Central Banks so that nobody knew that it was a Central bank. Congress was already on record as saying that they did not want a central bank in America.

This is why Paul Warburg was so valuable, because he had the detailed technical knowledge of how central banks operate and hence had the expertise to strategize and guide the project to a successful conclusion.

The first step in their strategy was to give central banking a new name...The Federal Reserve System. Federal ... because it sounded like it was the government and not a cartel of powerful bankers. Reserve ... because it sounded like there were reserves of somekind. And System ... the most important word of all. Remember that people were upset about the "money trust", the concentration of financial power in New York. The word System was specifically chosen to sell the impression that under this new "bank reform" a system of regional banks would diffuse the power of the big banks on Wall Street.

But at the end of the day, it was to be the bankers and not the United States government which would issue and control America's money supply.

There was no federal component. There were no reserves. There was no system for the difusion of financial power on Wall Street and the Federal Reserve Banks were not even banks. A totally brilliant strategy.

Next- Episode 6: The Plan Part 2

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 4: What Exactly is the Federal Reserve?

Some people still think that the Federal Reserve is a U.S. government institution. Nothing could be further from the truth. The Federal Reserve System is not a Government institution, department or agency!!

• It is a system of 12 privately-owned "federal" banks who have been granted their power by the United States government to create money, then loan that money back to the government charging interest.
• the government then charges you income tax to pay the interest on the debt.
• The Federal Reserve Act was passed in 1913.
• The Sixteenth Ammendment, which gave Congress the power to collect income taxes was also passed in 1913.
• The Fed is politically independent and the federal government does NOT HAVE DIRECT OVERSIGHT over what the Fed does.
• From its founding to this present day, the Fed has NEVER undergone a complete INDEPENDENT AUDIT. Congress has from time to time requested that the FED voluntarily submit to a complete audit, and EVERYTIME IT REFUSES.
• The Fed Chairman can say anything he wants to Congress and Congress has to accept what he says, because verification is not always possible because the Fed keeps certain records secret.
• Although the Fed is PRIVATELY OWNED it DOES NOT PAY a single solitary penny in business or property TAXES.

Next...Episode 5: The Plan

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 3: I Don't Believe that it Happened!

It took 9 days for the 7 men to hammer out all of the important details of what would eventually become the Federal Reserve.

For a number of years after the meeting all 7 denied that the meeting ever took place. It was only after the Fed was firmly established that they began openly talking about it.

For those who are still of the opinion that Jekyll Island never happened, several books have been written by some of the participants detailing what they had accomplished. Visit your local library and check them out.

Frank Vanderlip, one of the "unmagnificent 7", wrote an article which appeared in the February 9, 1935 edition of the Saturday Evening Post. Here is a brief excerpt.

" I do not feel it is an 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. We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed to come one at a time and as unobtrusively as possible to the railroad terminal on the New Jersey littoral of the Hudson where Senator Aldrich's private car would be in readiness attached to the rear-end of a train to the south. Once aboard the private car we began to observe the taboo that had been fixed on last names. We addressed one another as Ben, Paul, and Abe. Davison and I adopted even deeper disguises abandoning our first names. On the theory that we were always right, he became Wilbur and I became Orville after those two aviation pioneers the Wright brothers. The servants and train crew may have known the identities of one or two of us, but they did not know all and it was the names of all printed together that would've made our mysterious journey significant in Washington, Wall Street, even in London. Discovery we knew simply must not happen."

"If it were to be exposed publicly that our particular group had gotten together and written a banking bill, that bill would have no chance whatever of passage by Congress."

Next - Episode 4: What exactly is the Federal Reserve?

The Cantankerous Conservative Poll Results

In answer to our latest poll question of:

"Do you think that Homeland Security and the Patriot Act undermine the Constitution and the Civil Liberties it guarantees?"

69% voted Yes
31% voted No
0% were undecided

Thank-you for participating.

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Part 2: Secret Journey

In November of 1910, Senator Nelson Aldrich sent his private railway car to the railway station in New Jersey to take himself, Abraham Andrew, Frank Vanderlip. Henry Davison, Charles Norton, Benjamin Strong and Paul Warburg to their clandestine meeting on Jekyll Island. At that time, these 7 men represented approximately 25% of the wealth of the entire world!

Each man was told to arrive at the train station in the greatest of secrecy. They were specifically instructed not to see one another on the day and evening of their departure. They were to arrive at different times so that they could enter the station and board the private car, hooked-up at the very end of the train, one at a time and pretend as though they did not know one another.

Each man was also instructed to avoid newspaper reporters at all cost, because if they had been seen together, it would have raised Spockian eyebrows and a lot of questions would have been asked. One of the men even carried a shotgun so that if had been stopped by a reporter his response would be that he was going on a duck hunting trip.

Once on board Aldrich's private railway car, they were told to only use their first names. Under no circumstances were last names to be even mentioned. Some of the "unmagnificant 7" even used code-names. Senator Aldrich was concerned that if the servants were to know who they were serving that evening, there would be a good chance that the information would be leaked to the press.

The 1,000 mile journey to Brunswick Georgia took two and a half days. From there they took a ferry to Jekyll Island, which was completely owned by people such as Rockefeller and J.P. Morgan who would spend the winter months there with their families. Amongst the millionaire owners it was known as "The Jekyll Island Club."

The center of their social activities was The Clubhouse, a magnificent structure surrounded by cottages which were the finest examples of the architecture of the day, some even having as many as 14 bathrooms.

Today, Jekyll Island is owned by the state of Georgia and has been converted into a state park. The Clubhouse has been fully restored and is open to the public.

As you tour this facility, you'll come to a door with a brass plaque which simply says, "In this room the Federal Reserve System was created."

Next Episode - Part 3: I Don't Believe that it Happened!

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Part 1: Sinister Beginnings

The Federal Reserve System was created by 7 men in 1910 at a highly secret meeting on Jekyll Island, just off the coast of Georgia.

The 7 men were:

1. Senator Nelson Aldrich, Republican whip in the Senate and the chairman of the National Monetary Commission, which was the special committee of Congress created for the purpose of making recommendations to Congress for proposed legislation to reform banking. He was also a key business associate of J.P. Morgan and the father-in-law of John D. Rockefeller.
2. Abraham Andrew, Assistant Secretary of the Treasury.
3. Frank Vanderlip, President of the National City Bank of New York, which at the time was the largest bank in America representing the financial interests of William Rockefeller and the international investment firm of Kuhn, Loeb & Company.
4. Henry Davison, senior partner of J.P. Morgan Company.
5. Charles Norton, President of First National Bank of New York.
6. Benjamin Strong, head of J.P. Morgan's Banker's Trust, and who 3 years later became the first head of the Federal Reserve System.
7. Paul Warburg, the most important player of all. A naturalized American citizen, born in Germany, and one of the wealthiest men in the world. He was a partner in Kuhn, Loeb & Company and also the representative of the Rothschild banking dynasty in England and France. His brother Max Warburg was the head of the Warburg banking consortium in Germany and the Netherlands.

These are the players. Tomorrow in Part 2 of the Federal Reserve series ... Secret Journey.

Please Help Me with the Math!

• Presently there are 196,000 private-sector workers in Iraq and Afghanistan.
• At present there are 182,000 troops in Iraq and Afghanistan.

Okay, so what am I missing??

I Would Love to have a Hummer Franchise in Iraq!

Check this out!

The "Keepers of the Public Trough" in Washington pay ITT $33 million to overhaul 150 Humvee's a month.

That works out to approximately $18,333.00 per vehicle. Not too shabby.

Packin' my tools and diagnostic equipment and headin' to Bagdad. I can do the job for less, and hell, I'll even give Frequent Flyer Bonus Points. Maybe they can use the points to start sending the boys home.

What Exactly is President Bush's Stimulation Package Stimulating?

President Bush signed a multibillion-dollar economic rescue package that means $300 -$1,200 rebates for many American households.

Most taxpayers will receive a check of up to $600 for individuals and $1,200 for couples, with an additional $300 per child.

Economic analysts generally believe that the $168 billion package will help prevent the current downturn from ballooning into a crisis. NEWSFLASH for the Economists .... America is already in a crisis!!!!

Bush called the measure "a booster shot for our economy to stave-off a recession." Stave-off is an interesting choice of words for it means to "hold-off, or put-off, as by force, guile, etc." So what Bush is saying is that he will spend $168 billion to hold-off a recession that we are almost already in.

Will this so called stimulation package work? Hell no!!!!

The only way that this package could possibly have even a minimal positive impact on the American economy, which is now totally broken, is if every penny of this package was spent by consumers .... and that is not likely to be a "happening thing." Why?

Many American's are so overloaded with debt that they will have to use the rebate to pay down their credit card debts. So in other words, for those Americans, the rebate is tantamount to a partial bail-out of heavily indebted consumers and credit card companies. Hardly a net gain to the U.S. economy.

For others, the amount of dollars that are left over after debt reduction are drained-off because of America's dependency on imports.

Consider that approximately 70% of the goods on China-Mart ... ooops sorry ... on Wal-Mart shelves are made in China, and not in the good old USA., (why are you still shopping there) and 23% of total personal consumption expenditures are currently spent on imports and off-shored goods .... that's $1,870,000,000,000 directly stimulating FOREIGN ECONOMIES!

If the "Dance of the Dunces" in Washington were not so sad it would almost be laughable. The question still remains ... what exactly is this economic stimulation package really stimulating?

Why Dr. Ron Paul Doesn't Stand a snowball's Chance in Hades of becoming the next President of the United States!

Here is a brief synopsis of Ron Paul's position:

• marching out of Iraq just as America marched in.
• no more meddling in the Middle East.
• bringing the troops home from hundreds of expensive bases all over the world.
• abolish the personal income tax and the IRS - they are not compatible with a free society.
• repeal the Patriot Act and the Military Commissions Act.
• restore habeas corpus.
• stop spying on Americans. No more eavesdropping on personal emails and bank accounts, business and home phone calls.
• no national ID.... just the bracing freedom of the Constitution.
• sound money and not the great counterfeiting machine called the Federal Reserve that causes recessions and inflation.
• private property rights, with no pollution or other attacks on property.
• enforce the Second Amendment and all the Bill of Rights. Privacy for each citizen with no secrecy for a corrupt bureaucracy.
• restoration of the Republic and sovereignty.
• no UN, no North American Union with Canada and Mexico.
• no WTO, no World Bank and no International Monetary Fund.
• federalism, free enterprise, peace and prosperity.

Does Ron Paul sound like a President who could do a lot of good things for America? You bet, but that's exactly why you will never see him as the Republican Presidential candidate. His common sense has been stepping on too many toes which have been running America into the ground.

Iraq Reconstruction Ripoffs!

The office of the Special Inspector General for Iraq Reconstruction has 52 open cases related to bribery, false billing, contract fraud, kickbacks and theft.

Only 36 of these cases have been referred to the Justice Department for prosecution.

Army Criminal Investigation has 90 criminal investigations under way related to alleged contract fraud in Iraq, Kuwait and Afghanistan.

24 U.S. citizens have been charged or indicted. 19 of those are Army, military and civilian employees. More than $15 million in bribes have changed hands.

The axiom of perpetual war for perpetual peace and profit remains as true today as in the past.

"Choose Life" license plates are patently Offensive in New York!

The Children First Foundation is a New York based non-profit, pro-adoption group which is opposed to abortion.

The group supports pregnancy centers that do not offer abortion as an alternative, and also supports "safe-havens" efforts under laws, including Connecticut's, that provide mothers the chance to leave unwanted babies at specified areas such as hospitals and fire stations without fear of prosecution.

In Connecticut the Children First Foundation is making available customized license plates with two crayoned kids' smiling faces on a yellow circle background with "Choose Life" in childlike red crayon lettering and also the groups web address: www.fund-adoption.org

The chidren's group does not promote a specific religion nor an anti-religious position. All that it states is "Choose Life."

So far there are 200 such license plates on Connecticut roads..

But in New York, the Department of Motor Vehicles rejected the design, claiming that a significant segment of the population would consider the design "patently offensive."

The Foundation then submitted a new design with just its web address to better reflect its purpose, but that was also rejected on the same grounds.

Then Michael Johnson, an attorney, filed a federal lawsuit against the state of New York for rejecting the "Choose Life" specialty plate.

Subsequently Mr. Johnson received a letter from the DMV stating that it has voluntarily suspended its custom plate program until further notice. How convenient.

What a den of cowardly, sniveling weasels at the DMV who don't have the guts nor the integrity to defend their position and subsequent decision, even if that defense has to go all the way to the Supreme Court!!! Instead these invertabrates quickly shut down an entire program.

Beginning with a law signed by Florida Gov. Jeb Bush, the plates have so far been approved in Louisiana, Oklahoma, Hawaii, Mississippi, Alabama, Arkansas, Connecticut, Maryland, Tennessee, South Carolina and Montana. Legislation has also been proposed in a dozen more states.

People in 12 states have NOT found "Choose Life" to be "patently offensive." What specific evidence does the New York DMV have to unequivocally substantiate their claim that a significant number of New Yorkers would?

Absent compelling evidence, all that the DMV is doing is attempting to impose their particular brand of political correctness at the expense of the First and 14th Amendments!

25 Reasons why America is slowly Tanking!

01: The Dow, S&P 500 and the Nasdaq have lost all of their 2007 gains in the first 4 weeks of 2008. We'll see the Dow at 9,500 to 10,500 this year.

02: Gold has gained 43.2% and silver has gained 26.1%. Look for gold to hit $3,000/ounce by this time in 2010 and silver will be over $100/ounce.

03: Real estate markets are virtually dead with record levels of inventory. Housing prices will continue to fall for another 2 to 4 years depending upon what action(s) the government is prepared to take and whether or not those actions make sense in the first place.

04: Hundreds of billions in mortgages are due for readjustment to unaffordable levels for millions of homeowners.

05: Defaults on all types of debt are significantly increasing.

06: Consumers are buried in debt with little or no savings. There is an erosion of consumer confidence.

07: Credit markets are frozen.

08: M3 is about 16% (not published - see note at the bottom of this post)

09: Banks are writing-off or writing down tens-of-billions in subprime losses, bad mortgages and loans.

10: Tens-upon-tens of trillions of potential derivative losses are looming just around the corner.

11: The American dollar is tanking with no end in sight. It will probably bottom-out somewhere between 40 to 50 on the USDX from its current position of 75.8.

12: State budgets are running massive deficits and some are close to bankruptcy.

13: The national debt and trade deficits are completely out of control.

14: There is very little left from the manufacturing sector.

15: Unemployment is growing.

16: Off-shoring and outsourcing continue to eliminate the better-paying sectors.

17: Because of outsourcing, a lower dollar will not give American exports an advantage, because there's not much in the way of exports to begin with. So if the dollar is pegged at 55, the GDP would only increase by 1/2% at the top end.

18: Wages will remain stagnant.

19: Oil prices will continue to climb. Look for $125 - $130/barrel this year.

20: There will be price increases for most commodities.

21: Food prices are now at record highs.

22: Irresponsible and unresponsive government. The recent "economic stimulation" package is merely a drop in the ocean. It is not enough to cause any type of permanent improvement in the plight that Americans now find themselves in. As far as I'm concerned it is a PR package pure and simple to help the Republicans in the upcoming presidential election.

23: The Federal Reserve, which is neither Federal nor a Reserve, but rather a privately owned central banking system owned by a cabal of 12 banks with the power granted to it by government to create print and manage Americas money supply, is driving America further in debt each and every day. The Fed is, was and continues to be the biggest scam ever foisted on America. Google it and be surprised at what you will learn. And these greedy clowns control your life through your economic well-being or lack thereof. By the way, even the courts have ruled that the Fed is NOT part of the government.

24: Rampant illegal immigration is providing a source of cheap labour.

25: Perpetual abscence of talented and knowledgeable leadership in Washington today and in the foreseeable future. Listen to President Bush, Billary Clinton, Obama, McCain, Romney, and Huckabee. Now ask yourself ... is this the best that America can do? Can any one of these people fix America's problems or are they in varying degrees part of the problem?

NOTE:

In the U.S. the Federal Reserve defines (what a surprise) the measures of money supply within 4 categories:

MO: total of all physical currency plus accounts at the central bank that can be exchanged for physical currency.

M1: MO plus those portions of MO held as reserves or vault cash plus the amount in demand accounts (Checking or current accounts)

M2: M1 plus most savings accounts, money market accounts and time deposits (certificates of deposit) under $100,000

M3: M2 plus all other CD's, deposits of eurodollars and repurchase agreements.

The Fed stopped publishing M3 stats in March 2006 (My gosh another surprise) explaining that it costs too much to collect the data and that it doesn't provide significantly useful information ... really?

Goldfingers!

In the James Bond movie "Goldfinger" the villain Auric Goldfinger was prepared to do anything in order to increase the value of his gold holdings, including the nukeing of Fort Knox, to radioactively contaminate America's gold supply thus dramatically increasing the value of his own gold.

Just as it was with Goldfinger, there are extremely powerful psychopath's in suits on Wall Street and around the world, who for years have manipulated the world's precious metals markets for their own obscene profits and always at your expense!

Here's how the heavy hitters play the game.

• They begin with an orchestrated negative spin on the precious metals markets which is predicated on disinformation and flat-out lies. The message is spread via the media, so called financial analysts, brokers, bankers, talking head business reporters etc. The reason is quite simple ... to keep you and me out of the precious metals market. There's nothing like a consistent dose of negative news to give you and I second thoughts about buying gold or silver.
• Then the big players buy-up as much of the assets as they can get their hands on.
• They build-up their positions.
• Then the negative spin suddenly stops and now they go about the business of getting your business. Precious metals are aggressively marketed to you and me.
• After precious metals hit record levels from the sudden increase in demand from the public, the heavy hitters bail-out at the peak.
• After they have sold-off and made their mega-profits, the price and value of precious metals drops. Meanwhile Wall Street and the major players around the world are now putting a positive spin on a rapidly declining market.

This is the same game that has been played ad-nauseum since the beginning of time and we keep falling for it everytime.

Just in case you might be thinking if this scenario is the product of the Cantankerous one's fertile imagination, you might be interested to know that in the latter part of 2007 Goldman Sachs recommended to their clients that they "Short Gold for 2008." Meanwhile, back at the ranch, Goldman Sach's have reduced their own gold shorts on the TOCOM (The Tokyo Commodity Exchange) to the LOWEST LEVELS in over two years.

In other words, Goldman Sachs is recommending to their clients that they short gold while GS themselves are doing the complete opposite.

Seems to me that if the all-powerful Goldman Sachs is telling you to short gold, the negative spin on precious metals has started and the big boys are ready to come out and play once again.

Perhaps we all should consider getting into the gold and silver game right now for our own profit! The fleecing has gone on long enough ... hasn't it?