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Robert, it is absolutely correct. Once we abandoned the gold standard and allowed a private bank to print and regulate our currency, we put the economic fate of our country into the hands of a very small number of people.

Boo-hoo.....class warfare.

What is Nancy Pelosi's net worth?

Poor people smell bad...

Read about The Panic of 1907. Even before the creation of the Federal Reserve (which was inspired by the incident) the country's financial fate was in the end controlled by a few powerful people at the top, in that case JP Morgan himself. I think all the anti-Fed people forget that.

Apparently the international bankers became impatient over the unwillingness of congress to accept a central bank. So using the Problem-Reaction-Solution formula, Wall Street deliberately created a panic to force congress to create a central banking system controlled by private interests. This was done to eliminate competition and to seize control of the country by way of the Federal Reserve System.

Perloff wrote, "The Panic of 1907 was artificially triggered to elicit public acceptance of this idea. Snowballing bank runs began after J.P. Morgan spread a rumor about the insolvency of the Trust Company of America." He added, "Tragedy is the mother of new directions. The Panic of 1907 spawned the Federal Reserve."

Allen described J. P. Morgan as "an old hand at creating artificial panics." He stated, "Such affairs were well co-coordinated. Senator Robert Owen, a co-author of the Federal Reserve Act, (who later deeply regretted his role), testified before a Congressional Committee that the bank he owned received from the National Bankers' Association what came to be know as the Panic Circular of 1893. It established: 'You will at once retire one-third of your circulation and call in one-half of your loans.'"
The Financial Elite's control of History, Media, & Academia

Ron Paul's amendment was close and raised recognization to the issue but failed on the floor.

This is the ONLY issue that the buffoon from FL...Rep Grayson and I share common ground on. He attacked the Fed as well to how they don't even know what or where they have accounting issues. It was comedic gold but the sadness was it isn't funny.

http://www.youtube.com/watch?v=Mj0JAfq4esk

http://www.youtube.com/watch?v=PXlxBeAvsB8

http://www.youtube.com/watch?v=n0NYBTkE1yQ



http://www.youtube.com/watch?v=hlmXUiEgNO8

Friend there is always 2 sides to a story, the sanitized one that they teach you in school and tells you JP Morgan was our savior, that the panic was triggered by an earthquake, and the other dark side,have a look at this http://webskeptic.wikidot.com/zeitgeist-transcript-part-3
if you are interested i can supply you with many documents.

“[Our] Great Industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men.. who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”
“We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world –no government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”
-Woodrow Wilson

Congressman Louis McFadden also expressed the truth after the passage of the bill:

“A world banking system was being set up here… a superstate controlled by international bankers.. acting together to enslave the world for their own pleasure. The FED has usurped the government.”

Now, the public was told that the Federal Reserve System was economic stabilizer and inflation and economic crises were thing of the past. Well, as history has shown, nothing was further from the truth. The fact is, the international bankers now had a streamline machine to expand their personal ambitions,
For example, from 1914 to 1919 the Fed increased the money supply by nearly 100% resulting in extensive loans to small banks and the public. Then, in 1920 the Fed called in mass percentages of the outstanding money supply. Thus resulting in the supporting banks having to call in huge numbers of loans and just like 1907, bank runs, bankruptcy and collapse occurred. Over 5.400 competitive banks outside of the Federal Reserve System collapsed further consolidating the monopoly of the small group of international bankers. Privy to this crime, Congressman Lindbergh stepped up and said in 1921:

“Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figure a mathematical equation.” –Charles Lindbergh

However, the panic of 1920 was just a warm-up. From 1921 to 1929 the Fed again increased the money supply resulting once again in extensive loans to the public and banks. There was also a fairly new type of loan called the margin loan in the stock market. Very simply, the margin loan allowed an investor to put down only 10% of the stock's price with the other 90% being loaned from the broker. In other words, a person could own a $1000 worth of stock, with only a $100 down. This method was very popular in the roaring 1920's as everyone seemed to be making money in the market. However, there was a catch to this loan. It could be called in at any time and had to be paid within 24 hours. This is termed "a margin call", and a typical result of a margin call was the selling of the stock purchased with the loan. So, a few months before October in 1929, J.D.Rockefeller, Bernard Baruch and other insiders quietly exited the market. And on October 24th, 1929 the New York financiers who furnished the margin loans started calling them in, in mass. This sparked an instantaneous massive sell off in the market for everyone who had to cover the margin loans. It then triggered a mass bank runs for the same reason, in turn collapsing over 16.000 banks enabling the conspiring international bankers to not only buy up rival banks at the discount but to also buy up whole corporations at pennies on the dollar. It was the greatest robbery in American history. But that didn't stop there. Rather then expanding the money supply which were recovered from this economic collapse the Fed actually contracted it, fueling one of the largest depressions in history. Once again outraged, Congressman Louis McFadden, a long time opponent of the banking cartels began bringing impeachment proceedings against the Federal Reserve Board. Saying of the crash and depression:

“It was a carefully contrived occurrence, international bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all.”
-Louis McFadden

Not surprisingly, and after two previous assassination attempts, McFadden was poisoned at a banquet before he could push for the impeachment.

The weak minds sir are the ones that believe what they are told on the main stream media and shape their opinions on nothing more than that, do you realize that all those quotes are verified , authentic, made by people who where involved in the decision making at that time, some of them gave their lives for this country and for the truth, any way those tactic you are using are known, just debate the message don't attack the messenger.

I have a cousin who believes that we are all monitored by the gov't. through our TV sets .... thus he does not have one .....

OP - is that you Donny????

c3s

Why would I debate a message that is incoherant and made of bits and pieces of random assumptions.

There is nothing to debate. Your source is a work of science fiction, with loosely strung together quotes, tales, and theory's. I have worked for the government for far too many years to actually believe there is the capability of conspiracy.

The "government" is incapable of large scale conspiracy's. What they are capable of is, large scale INCOMPETENCIES.

Don't try and be a martyr by crying foul, and the quit attacking me BS. If you believe that piece of science fiction is 100% true, then you are a fool. Nothing to debate.

The Federal Reserve Bank is a consortium of twelve private banks which are not part of the United States Government.

These private banks purchase paper notes from the U.S. mint for printing cost or simply enter digital money into their computer then lend back the money plus interest to the people through member banks. The profits go into the share holders of the bank's pocket's, the U.S. public receives no benefit.

The Primary Owners of the Federal Reserve Bank Are:
1. Rothschild's of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seaf of Italy
4. Kuhn, Loeb & Co. of Germany and New York
5. Warburg & Company of Hamburg, Germany
6. Lehman Brothers of New York
7. Goldman, Sachs of New York
8. Rockefeller Brothers of New York

Ambrose Evans-Pritchard, perhaps the most respected financial columnist in the U.K., recently penned an article entitled "Shut Down the Fed (Part II)" in which he absolutely lambasted Bernanke and other Federal Reserve officials for considering another round of quantitative easing....

I apologize to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.

In fact, Ambrose Evans-Pritchard is now openly accusing the Federal Reserve of being out of control....

So all those hillsmen in Idaho, with their Colt 45s and boxes of krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal were right all along. The Fed is indeed out of control.

On behalf of those who believe that the Federal Reserve is "a hyperinflating establishment cabal", I accept Ambrose Evans-Pritchard's apology.

The truth is that the Federal Reserve is out of control.

The Federal Reserve system was designed to get the U.S. government into a perpetually expanding spiral of debt. Wealth is slowly but surely transferred from the American people to the U.S. government (when we pay taxes) and ultimately into the hands of those who own U.S. government debt.

As long as the Federal Reserve system exists, U.S. government debt will keep going up, the value of the U.S. dollar will keep going down and wealth will be slowly transferred into the hands of the ultra-wealthy.

And why in the world would the American people allow an unelected, privately-owned central bank to run the U.S. economy, control the money supply, set interest rates and print all U.S. currency?

It simply does not make any sense.

The Federal Reserve has not been shy about declaring that it is "not an agency" of the U.S. government and not directly accountable to the American people.

So why do the American people put up with this kind of nonsense?

The truth is that the Federal Reserve has become far too powerful. U.S. Representative Ron Paul recently told MSNBC that he believes that the Federal Reserve is actually more powerful than Congress.....

"The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress."

The truth is that the U.S. economy will never be fundamentally "fixed" simply by electing another "Bush" or another "Obama". Something needs to be done about the Federal Reserve system, but right now our politicians in Washington can't even muster enough support to pass a bill to audit the Fed.

Bingo.

What I can see our Federal government doing extremely well for about the past 100 years is mobilizing large numbers of men and women into the armed forces and support groups, efficiently concentrating our manufacturing and technological base to create war materiel, and defeating a foreign enemy.

That, and spending taxpayer's money like it's only fancy paper.
Oh, wait...it is only fancy paper.

P.S. Audit the Fed. I agree with that.

Take a look at all the intelligent sentences you and whoever shares your point of view provided :
*You are the boards newest troll. Contgrats
*but this dude is misinformed and brainwashed
*Don't try and be a martyr by crying foul, and the quit attacking me BS. If you believe that piece of science fiction is 100% true, then you are a fool. Nothing to debate.
*I have a cousin who believes that we are all monitored by the gov't. through our TV sets .... thus he does not have one .....
OP - is that you Donny????
*Tired conspiracy theory is for weak minds.
*That's a bunch of crap
instead of looking for real facts you resort to other tactics:
● First, you ignore the charges, hoping the information will not be given widespread distribution.
● If the other is being persistent , you ridicule the information and the persons giving the information.
● If that doesn't work, your next step is character assassination.
● If none of these are effective,and if i was debating you in person, you are known to resort to physical attacks.

But, NEVER do you try to prove the information wrong.

● If the other is being persistent , you ridicule the information and the persons giving the information.

Every single quote i posted is true and provable by just a simple search on Google,those presidents,senators,congressmen i quoted are real people not fiction,they spoke the truth and some of them gave their live for doing that.

Let me help you.

Here's some. Kuhn, Loeb & Co, was bought by Lehman Bros in 1977. Lehman Bros claimed bankruptcy in 2008. The list goes on and on...

All your facts are true.


To what end is this conspiracy?

I thought this might become entertaining, but it has not. Enjoy your conspiracys.

trust me buddy it will be even less entertaining when you will need 10.000$ to get a full tank of gas.Good luck

All you did is reject all i said,i didn't create those persons, i didn't write those statement i quoted, they are real they were said by those honest people, if you were an open minded person who could be debated you would ask yourself one question : if former US president, congressmen,senator said all that is there any possible way it could be true ? then you start researching to find more info about it, so at the end you reject it or confirm it, but you sir decide to ignore the facts,to fully reject everything that doesn't fit your prejudgments,you didnt state any fact sir, all you did is ridicule me and my statements.
About the copy-paste sir if you are not fan of it you shouldn't be using a computer that is the new way to argument and debate, before people used to quote from book,newspapers, now they just copy-paste it,and i invite you to do the same if you can find quotes that backs you opinion.
That list is of banks that held and still hold a share in the fed reserve and it is simplified to fit as a list since you wanted names,any way you can stop wasting your time by not posting anything again so it is up to you.

Could anyone with some logic answer the above question?