6139008-History-of-Money

illegal immigration. The value of gold is remarkably stable. The dollar price of gold reflects dollar depreciation. Holdinggold helps preserve and store wealth, but technically gold is not a true investment.Since 2001 the dollar has been devalued by 60%. In 1934 FDR devalued the dollar by 41%. In 1971 Nixon devalued thedollar by 7.9%. In 1973 Nixon devalued the dollar by 10%. These were momentous monetary events, and everyknowledgeable person worldwide paid close attention. Major changes were endured in 1979 and 1980 to save the dollarfrom disintegration. This involved a severe recession, interest rates over 21%, and general price inflation of 15%. Todaywe face a 60% devaluation and counting, yet no one seems to care. It’s of greater significance than the three eventsmentioned above. And yet the one measurement that best reflects the degree of inflation, the Fed and our governmentdeny us. Since March, M3 reporting has been discontinued. For starters, I’d like to see Congress demand that this reportbe resumed. I fully believe the American people and Congress are entitled to this information. Will we one day complainabout false intelligence, as we have with the Iraq war? Will we complain about not having enough information to addressmonetary policy after it’s too late? If ever there was a time to get a handle on what sound money is and what it means,that time is today. Inflation, as exposed by high gold prices, transfers wealth from the middle class to the rich,as real wages decline while the salaries of CEOs, movie stars, and athletes skyrocket-- along with the profitsof the military industrial complex, the oil industry, and other special interests keep going up. A sharply risinggold price is a vote of “no confidence” in Congress’ ability to control the budget, the Fed’s ability to control the moneysupply, and the administration’s ability to bring stability to the Middle East. Ultimately, the gold price is a measurement oftrust in the currency and the politicians who run the country. It’s been that way for a long time, and is not about tochange. If we care about the financial system, the tax system, and the monumental debt we’re accumulating, we muststart talking about the benefits and discipline that come only with a commodity standard of money-- money theBankLords absolutely cannot create out of thin air. Economic law dictates reform at some point. But should we wait untilthe dollar is 1/1,000 of an ounce of gold or 1/2,000 of an ounce of gold? The longer we wait, the more people suffer andthe more difficult reforms become. Runaway inflation inevitably leads to political chaos, something numerous countrieshave suffered throughout the 20th century. The worst example of course was the German inflation of the 1920s that ledto the rise of Hitler. Even the communist takeover of China was associated with runaway inflation brought on by ChineseNationalists. The time for action is now, and it is up to the American people and the U.S. Congress to demand it. Whenthe hyperinflationary process ends we will enter a new economic and financial dark age that could last for many years, notunlike the collapse of the Roman Empire, the collapse of the Venetian banking system in 1348, the collapse of theLombard League in the 1500s and that of the Hanseatic League of the 1600s and Weimer Germany 1923. As you can seethis is nothing new. All you have to do is read history.Let's talk briefly about what the objectives of the Federal Reserve System are. We've been told over and over again thatthe purpose of the Fed is to stabilize the economy. Right now with the interest rates going up, up, up what are we told?why are they doing that? Well, that's to stabilize the economy so we won't have massive inflation right? It's being donefor us folks! Don't you feel just warm all over knowing that they're looking out for you? That's always the answer; thepurpose of the Fed is to look out for us and stabilize the economy, put an end to banking anarchy and all that sort ofthing. Right now the textbook that is most commonly used in our school systems in economics is a book written by PaulSamuelson and in that book here's what he says regarding the purpose of the Fed: "The Federal Reserve sprang from thepanic of 1907 with its alarming epidemic of bank failures. The country was fed-up once and for all with the anarchy ofunstable private banking." That's what the students are learning. Let's let that go for the moment and say ok if that is thepurpose of the Fed, let's give it a report card and see how well it has done in stabilizing the economy. Since it was createdin 1913 the Federal Reserve System has presided over the crashes of 1921 and 1929, the Great Depression of 1929-1939, recessions in the years 1953, 1957, 1969, 1975 and 1981, and a stock market Black Monday in 1987. We all knowthat corporate debt is soaring, personal debt is greater than ever before, both business and personal bankruptcies are atan all-time high, banks and savings and loan associations have failed in greater numbers than ever before in our history,interest on the national debt now consumes half of all of our tax dollars, heavy industry has all but been replaced byoverseas competition, we're facing an international trade deficit for the first time in our history, 75% of downtown LosAngeles and other metropolitan areas are now owned by foreigners and over half of the nation now officially is in a stateof recession.Agricultural Panic of 1921: So successful was this deliberately induced panic by the Federal Reserve Board thatcommodity prices fell 50% and industrial production 32%. Thousands of farms were foreclosed in 1920-1921. Thiscontrived policy of the Fed broke over 5400 banks. The giant banks picked up the assets of the broken ones, in manycases at 5 to 7 cents on the dollar, and many of the larger bankrupt businesses were acquired by corporations owned orcontrolled by the same "Insiders"That is the report card for the Federal Reserve System after 80 years of stabilizing our economy. I don't even think it'scontroversial to say that it has failed to meet its stated objectives. The only controversial part is why has it failed? Myanswer is because those have never been its real objectives at all. What are its objectives? What are the objectives of anycartel? To make money for the members of the cartel, to improve the profit margins of the members of the cartel and tostabilize themselves in the marketplace. That is the true objective of the Federal Reserve System. Now if we hold that upas our guiding principle and give the Federal Reserve a report card it gets a different grade. In particular I'd like to haveyou look with me at three particular objectives which were very well discussed in that period in which the Federal ReserveSystem was created. We always have to go back to that because we can learn so much from that period of history. Therewere three things that the Bankers, particularly the ones on Jekyll Island, wanted the Federal Reserve Act to accomplish.What are they? The first one was to stop the erosion of their power away from New York. Just the opposite of what theFederal Reserve Act was sold to us as to accomplish, to keep the power of New York. They were concerned that as theThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 64