3. The Fed
The main engine of Jewish financial control is said to be through the Fed. But there is nothing about the Fed that doesn't make sense with its role as a legitimate financial institution. The Fed was set up in 1913 after a long period in which the US had no central bank, to its great detriment. Like most other central banks, the Fed is a quasi public/private institution. And although it is in some sense 'owned' by 12 regional banks, this is not ownership in the commonly understood sense. The controlling Board of Governors at the Fed including the Chairman are appointed by the President. The Fed is firmly under US government control and exercises policy according to government instructions. The Fed has performed the role it was created for reasonably effectively and was essential for the growth of the US economy in the 20th century.
Qui bono - Contrary to popular folklore the Fed does not significantly profit from its role. The interest it charges on lending money is repaid to the Treasury, after running costs have been deducted. For instance, in 2010 it made a profit of €82 billion of which €79 was transferred to the Treasury, not to the supporting banks. If the Fed is going to be a key part of this conspiracy, these videos do not explain how.
Assalaam alaikum warahmathulahi wabarakathahu,
I have to agree with Independent that there are no simple ways to knowing what will cause a further economic crisis.....
Hi there - the last link you have posted has a tremendous amount of material in it including many other links by multiple authors. There are very significant disagreements and contradictions between them that make it hard to answer, as it depends which version I take. However, I really have to concentrate on work today so I won't get to it till later.(I will await Independants response to the above in shaa Allah, before discussing the further points.
I am on leave from tomorrow (my first for the year! ), so apologies if Im not able to respond immediately).
The world is indeed a very complicated place and there is much suffering and injustice. But overall I don't share your pessimism, and I also don't think the present is necessarily worse than the past in most respects - not even in terms of poverty, income distribution, war, personal safety and justice. You can pick both good and bad examples. Personally, i believe we have every chance of a better future.The simple fact is that trading by interest ruins countries' economies and nothing increases. Nothing but loss is occurring on a large scale. The gap between rich and poor is ever widening, both in Canada and the US. This is what I hear constantly in the news. If that is the case, then obviously the current economy is unjust.
your preaching someone who lives in his own bubble.. he's an army of one or at least represents his own kind!- it is what we'd call a futile cycle- although I disagree with many things on the Syrian video.Please watch the following short video
For instance he says that the objective of Bretton Woods was:
'the elimination of the gold exchange standard as the basis of currency valuation and the establishment of world socialism. The method by which gold was to be eliminated in international trade was to replace it with a world currency which the IMF, acting as a world central bank, would create out of nothing. The method by which world socialism would be established was to use the World Bank to transfer money - disguised as loans - to the governments of the underdeveloped countries and to do so in such a way as to insure the demise of free enterprise. (the World Bank)...has become the engine for transferring wealth from the industrialised nations to the undeveloped countries.'
Where Griffin goes off the rails is in taking this to the level of New World Order conspiracy.
The part which I am still struggling to find detail on is the 'whodunnit' - evidence of against the various individuals named as conspirators. In your video links they are simply lists of names of people in positions of influence. They have been identified according to one criteria only - their ethnic identity. Jewish. At this level this is a purely racist observation, but I feel there must be more supporting evidence elsewhere. Do you know where Icke or Griffin go beyond listing Jewish names to giving actual evidence?
3. The Fed
The main engine of Jewish financial control is said to be through the Fed. But there is nothing about the Fed that doesn't make sense with its role as a legitimate financial institution. The Fed was set up in 1913 after a long period in which the US had no central bank, to its great detriment. Like most other central banks, the Fed is a quasi public/private institution. And although it is in some sense 'owned' by 12 regional banks, this is not ownership in the commonly understood sense. The controlling Board of Governors at the Fed including the Chairman are appointed by the President. The Fed is firmly under US government control and exercises policy according to government instructions. The Fed has performed the role it was created for reasonably effectively and was essential for the growth of the US economy in the 20th century.
Qui bono - Contrary to popular folklore the Fed does not significantly profit from its role. The interest it charges on lending money is repaid to the Treasury, after running costs have been deducted. For instance, in 2010 it made a profit of €82 billion of which €79 was transferred to the Treasury, not to the supporting banks. If the Fed is going to be a key part of this conspiracy, these videos do not explain how.
I am not sure I agree with this as I rather think it is the other way around. The book you quoted by John Perkins makes the case that these loans by the IMF are a means of perpetual debt and of transferring wealth from the undeveloped world back to the banking elite. The modern concept of debt as money is a gigantic Ponzi scheme that is bound to fail at some point in time.(the World Bank)...has become the engine for transferring wealth from the industrialised nations to the undeveloped countries.'
I am not sure I agree with this as I rather think it is the other way around. The book you quoted by John Perkins makes the case that these loans by the IMF are a means of perpetual debt and of transferring wealth from the undeveloped world back to the banking elite. The modern concept of debt as money is a gigantic Ponzi scheme that is bound to fail at some point in time.
(the World Bank)...has become the engine for transferring wealth from the industrialised nations to the undeveloped countries.'
The method by which gold was to be eliminated in international trade was to replace it with a world currency which the IMF, acting as a world central bank, would create out of nothing.
The method by which world socialism would be established was to use the World Bank to transfer money - disguised as loans - to the governments of the underdeveloped countries and to do so in such a way as to insure the demise of free enterprise.
Hi Zaria, thanks for your reply. I have tried to get down to the detail, because the detail is often factual in a way that the big picture stuff is not. The detail shows that Griffin et al are not reliable witnesses to say the least. If there really is a big conspiracy, it’s certainly has little to do with anything they’re talking about. However, I recognise that I am no more likely to persuade you of my view than the reverse.
I still have a couple of questions I would appreciate your help with, based on your far-greater reading in this area.
1. Lack of factual basis.....
Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate. From November, 1910, when the conspirators met on Jekyll Island, Georgia, to the present time, the machinations of the Federal Reserve bankers have been shrouded in secrecy.
Today, that secrecy has cost the American people a three trillion dollar debt, with annual interest payments to these bankers amounting to some three hundred billion dollars per year, sums which stagger the imagination, and which in themselves are ultimately unpayable. Officials of the Federal Reserve System routinely issue remonstrances to the public, much as the Hindu fakir pipes an insistent tune to the dazed cobra which sways its head before him, not to resolve the situation, but to prevent it from striking him.
Such was the soothing letter written by Donald J. Winn, Assistant to the Board of Governors in response to an inquiry by a Congressman, the Honorable Norman D. Shumway, on March 10, 1983. Mr. Winn states that "The Federal Reserve System was established by an act of Congress in 1913 and is not a ‘private corporation’." On the next page, Mr. Winn continues, "The stock of the Federal Reserve Banks is held entirely by commercial banks that are members of the Federal Reserve System." He offers no explanation as to why the government has never owned a single share of stock in any Federal Reserve Bank, or why the Federal Reserve System is not a "private corporation" when all of its stock is owned by "private corporations".....
In 1910, Aldrich and executives representing the banks of J.P. Morgan, Rockefeller, and Kuhn, Loeb & Co., secluded themselves for ten days at Jekyll Island, Georgia.[SUP][5][/SUP]
The executives included Frank A. Vanderlip, president of the National City Bank of New York, associated with the Rockefellers; Henry Davison, senior partner of J.P. Morgan Company; Charles D. Norton, president of the First National Bank of New York; and Col. Edward House, who would later become President Woodrow Wilson's closest adviser and founder of the Council on Foreign Relations.[SUP][6][/SUP] There, Paul Warburg of Kuhn, Loeb, & Co. directed the proceedings and wrote the primary features of what would be called the Aldrich Plan. Warburg would later write that
"The matter of a uniform discount rate (interest rate) was discussed and settled at Jekyll Island." Vanderlip wrote in his 1935 autobiography From Farmboy to Financier:[SUP][7][/SUP]Despite my views about the value to society of greater publicity for the affairs of corporations, there was an occasion, near the close of 1910, when I was as secretive, indeed, as furtive as any conspirator. None of us who participated felt that we were conspirators; on the contrary we felt we were engaged in a patriotic work. We were trying to plan a mechanism that would correct the weaknesses of our banking system as revealed under the strains and pressures of the panic of 1907.Despite meeting in secret, from both the public and the government, the importance of the Jekyll Island meeting was revealed three years after the Federal Reserve Act was passed, when journalist Bertie Charles Forbes in 1916 wrote an article about the "hunting trip".[SUP][8][/SUP]
I do not feel it is any exaggeration to speak of our secret expedition to Jekyl Island as the occasion of the actual conception of what eventually became the Federal Reserve System. … Discovery, we knew, simply must not happen, or else all our time and effort would be wasted. 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. Yet, who was there in Congress who might have drafted a sound piece of legislation dealing with the purely banking problem with which we were concerned?
The 1911–12 Republican plan was proposed by Aldrich to solve the banking dilemma, a goal which was supported by the American Bankers’ Association. The plan provided for one great central bank, the National Reserve Association, with a capital of at least $100 million and with 15 branches in various sections. The branches were to be controlled by the member banks on a basis of their capitalization. The National Reserve Association would issue currency, based on gold and commercial paper, that would be the liability of the bank and not of the government. The Association would also carry a portion of member banks’ reserves, determine discount reserves, buy and sell on the open market, and hold the deposits of the federal government. The branches and businessmen of each of the 15 districts would elect thirty out of the 39 members of the board of directors of the National Reserve Association.[SUP][9][/SUP]
Aldrich fought for a private monopoly with little government influence, but conceded that the government should be represented on the board of directors.
Aldrich then presented what was commonly called the "Aldrich Plan"—which called for establishment of a "National Reserve Association"—to the National Monetary Commission.[SUP][5][/SUP] Most Republicans and Wall Street bankers favored the Aldrich Plan,[SUP][6][/SUP] but it lacked enough support in the bipartisan Congress to pass.[SUP][10][/SUP]
Because the bill was introduced by Aldrich, who was considered the epitome of the "Eastern establishment", the bill received little support. It was derided by southerners and westerners who believed that wealthy families and large corporations ran the country and would thus run the proposed National Reserve Association.[SUP][10][/SUP] The National Board of Trade appointed Warburg as head of a committee to persuade Americans to support the plan. The committee set up offices in the then-45 states and distributed printed materials about the proposed central bank.[SUP][5][/SUP] The Nebraskan populist and frequent Democratic presidential candidate William Jennings Bryan said of the plan: "Big financiers are back of the Aldrich currency scheme." He asserted that if it passed, big bankers would "then be in complete control of everything through the control of our national finances."[SUP][11][/SUP]
There was also Republican opposition to the Aldrich Plan. Republican Sen. Robert M. LaFollette and Rep. Charles Lindbergh Sr. both spoke out against the favoritism that they contended the bill granted to Wall Street.
"The Aldrich Plan is the Wall Street Plan…I have alleged that there is a 'Money Trust'", said Lindbergh. "The Aldrich plan is a scheme plainly in the interest of the Trust". In response, Rep. Arsène Pujo, a Democrat from Louisiana, obtained congressional authorization to form and chair a subcommittee (the Pujo Committee) within the House Committee Banking Committee, to conduct investigative hearings on the alleged "Money Trust".
The hearings continued for a full year and were led by the subcommittee's counsel, Democratic lawyer Samuel Untermyer, who later also assisted in drafting the Federal Reserve Act. The "Pujo hearings"[SUP][12][/SUP] convinced much of the populace that America's money largely rested in the hands of a select few on Wall Street. The Subcommittee issued a report saying:[SUP][13][/SUP]"If by a 'money trust' is meant an established and well-defined identity and community of interest between a few leaders of finance…which has resulted in a vast and growing concentration of control of money and credit in the hands of a comparatively few men…the condition thus described exists in this country today...To us the peril is manifest...When we find...the same man a director in a half dozen or more banks and trust companies all located in the same section of the same city, doing the same class of business and with a like set of associates similarly situated all belonging to the same group and representing the same class of interests, all further pretense of competition is useless.... "[SUP][11][/SUP][SUP].........[/SUP]As noted in a paper by the American Institute of Economic Research:
In its final form, the Federal Reserve Act represented a compromise among three political groups.Frank Vanderlip, one of the Jekyll Island attendees and the president of National City Bank, wrote in his autobiography:[SUP][7][/SUP]
Most Republicans (and the Wall Street bankers) favored the Aldrich Plan that came out of Jekyll Island. Progressive Democrats demanded a reserve system and currency supply owned and controlled by the Government in order to counter the "money trust" and destroy the existing concentration of credit resources in Wall Street. Conservative Democrats proposed a decentralized reserve system, owned and controlled privately but free of Wall Street domination. No group got exactly what it wanted. But the Aldrich plan more nearly represented the compromise position between the two Democrat extremes, and it was closest to the final legislation passed.[SUP][6][/SUP]
Although the Aldrich Federal Reserve Plan was defeated when it bore the name Aldrich, nevertheless its essential points were all contained in the plan that was finally adopted.http://en.wikipedia.org/wiki/History_of_the_Federal_Reserve_System
As-salaamu 3laikum, I just wanted to point out that I really don't think we should be using the terms like 'created out of nothing' in this context.
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