Mystery, Babylon The Great (2005) - Escape Babylon's Demons

NEWSTAND Copyright 1999.)
How does this banking system work to possess the U.S.?
The Federal Reserve (The Fed) creates “debt paper” or federal reserve notes which
are loaned to the U.S. government with interest due. This interest income flows to
the foreign bankers putting the U.S. under their ultimate control. The Federal
Reserve’s chief task is to influence the flow of credit by affecting it’s general
availability and cost to borrowers. Therefore the flow of money in a country depends
mainly on the ability of banks to meet the credit and monetary requirements of
industry, trade, agriculture, and all the other segments of economic life. The Federal
Reserve has the power to influence the country’s credit situation and, since bank
loans and investments are the main assets that serve as backing for deposits, it’s
money supply. Federal Reserve influence is exerted primarily through the credit
market. (The Federal Reserve System Purposes and Function, Board of Governors of the Federal
Reserve System, Washington, D.C. 1954. Pages 7-11).
President Wilson signed the Federal Reserve Act. A few years later he wrote:
“…I have unwittingly ruined my country. A great industrial nation is controlled by its system of
credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities
are in the hands of a few men.”
The extent of U.S debt to foreign nations
Consider these statistics showing further the extent of the U.S. debt obligations
courtesy of the extremely informative Grandfather Economic Report by Michael
Hodges found at http://mwhodges.home.att.net/.
The U.S. is the largest debtor nation at nearly $7.4 trillion Federal Government debt as of
12/31/2004. Interest on this amount was over $41 million per hour as of the year 2000.
$1.9 trillion or 44% of this debt is owed to foreign investors and foreign banks.
U.S. International debt for 2004 (money the U.S. owes other nations from negative trade
balances) was over $666 billion. It now totals over $3.8 trillion.
U.S. Total National Debt (household, business, financial & government sectors) exceeds $40
trillion. 66% of this debt was accumulated since 1990.
Foreigners now own over $9.4 trillion in U.S. assets; $2.1 trillion more than the U.S. owns in
foreign assets.
In June 2005, Former Fed Chairman Paul Volcker said "he doesn't see how the U.S.
can keep borrowing and consuming while letting foreign countries do all the