From: www.thomaspainereturns.net
With depression at the doorstep, it is time to fire the Federal Reserve. Western economies are on the brink of total collapse; only prompt, decisive and radical measures can prevent complete world economic ruin. Ironically, Russia and China are in a much better position to weather this up-coming storm than western countries.
The American rescue plan plodded through Congress and the world was hopeful when the $700 billion package went through. Alas, any relief was very short-lived and the package sent the share markets into even more pronounced gyrations.
Despite the whole rescue package being ill conceived, the pundits foolishly applauded the upward surge in the share markets. The recent rescue package was designed to give the ruling elite back money they used to artificially prop up the share markets. The package is a short-sighted, band-aid measure that helps secure the seats of incumbent politicians. But, the main beneficiaries of all these are the ruling elite and their Federal Reserve.
The failed rescue package was immediately followed by piece-meal assistance for certain individual banks. This gave the market a temporary boost. Again, it was short-lived. These volatile market swings should offer no comfort to anyone except speculators, who are becoming richer at the expense of everyone else.
The band aids will not help the economic crisis. There is a systemic problem. The Federal Reserve and all the central banks in the world that are designed on its model are defrauding the people of the world.
There is no rational reason why the U.S. Congress cannot print its own currency. The Congress was intimidated, bribed and blackmailed into creating and maintaining the Federal Reserve Bank. The Federal Reserve was awarded a contract to manage the currency in America. The cost of that contract to the U.S. has been $10 trillion in national debt.
To try to cover for the Federal Reserve's greedy fraud, many countries are being forced to pay into the Federal Reserve coffers to keep the world economy afloat. One of the ways they are being forced to pay is through devaluation of their currencies with respect to the U.S. dollar, which is a way of building up America at the expense of others in the world.
All of the band-aid measures will fail. The problem is the Federal Reserve, which concept is founded upon debt-based currency and fraud. It must be closed down or it will continue to suck the resources of the U.S. with its currency management contract. The American government could do the Federal Reserve's job for virtually nothing, and save the U.S. taxpayers between $200 and $900 billion each year in interest off a debt that will never be paid off.
Since the U.S. cannot pay off the debt, the rest of the world is being called in to assist in the maintenance of the Federal Reserve. Further, many other nations have similar central banks, so they are also paying their respective national debts on their currencies in addition to being asked to fund the U.S. currency debt.
It is time to let the U.S. currency debt fail, close down the Federal Reserve entirely, and begin on the road to correcting the fraud that lies deep in world economic affairs. It is time to shut down every central bank that mirrors the Federal Reserve. It is time that the people stop feeding the ruling elite through their central banks. Obama and McCain are offering no real solutions whatsoever. They are both staying within the band-aid scenarios that support the Federal Reserve.
The Federal Reserve is a cancer that has nearly killed the entire world economy. That cancer must be surgically removed from the world's economy, or it will soon kill the patient. There is no other viable alternative at this late stage. If either candidate, McCain or Obama, will pledge to eradicate the Federal Reserve, all freedom-loving people should get behind that candidate. If neither of them will take down the Federal Reserve, the world's economic doom is sealed.
W.B.W. Light-Rider16 October 2008
Friday, October 17, 2008
Monday, September 29, 2008
Thomas Paine Rides Again - September 24, 2008
From: www.thomaspainereturns.net
These are the times that try men's souls.
This short motto has echoed for centuries. It gave strength to American patriots in 1776 as it propelled them to liberty. This motto is alive and just as appropriate today as it was at the beginning of the Revolution.
Freedom was won, but corruption soon crept in. What was once a proud banner now often strikes terror in the hearts of people.
Have people become too complacent with modern living? Have people forgotten the tyranny of subjugation to a king? Have people forgotten the horrors of slavery? Will they wake up before it is too late?
When the new nation was a toddler, it took on a national bank. Jefferson caused that bank to be closed down, but others kept bringing it back. Today, the national bank is called the Federal Reserve. It should never have existed centuries ago, and it certainly should not exist today.
The present world economic crisis can be traced right to the Federal Reserve. So many nations are linked to the American economy that they are now victims of the Federal Reserve's manipulation.
Most people mistakenly think that the Federal Reserve is a government bank. If it were, then all the interest it earns would be ploughed back into the American system, hence the national debt would be zero. That is, the Americans would only owe the interest to themselves. However, the interest is collected by individuals and groups. Those who own the Federal Reserve Bank collect the interest for themselves, and make themselves extremely wealthy at the expense of American taxpayers.
The Federal Reserve charges interest on every dollar in existence, whether paper or otherwise. The owners rake off this interest. Many banks have failed, are failing or will soon fail in America. They are failing because the Federal Reserve has become so greedy that banks can barely operate in the environment. The Federal Reserve takes almost all the profits from the banking industry and only provides scraps to its subservient banks.
The banks have to scrape and maul their customers to survive in this critical time. So, the banks become ruthless. Nobody cares for the banks because they are ruthless. Further, many of the banks have turned to unlawful activities just to stay afloat. The cause of all this disarray is the Federal Reserve.
Shut the Federal Reserve down tomorrow and things will begin to improve. Ban any national banks, and it will be a long-term solution. The small group of people who are taking all the interest from the Federal Reserve should be charged and tried for their horrible crimes against all the people in the world.
Not only is America affected, but the entire world is being fleeced by the Federal Reserve, because the whole world is impacted by American commerce and banking.
In these times that try men's souls, those without souls need to be tried and convicted. They are the culprits. They are the criminals. They are the evil slave masters.
W.B.W. Light-RiderSeptember 24, 2008
These are the times that try men's souls.
This short motto has echoed for centuries. It gave strength to American patriots in 1776 as it propelled them to liberty. This motto is alive and just as appropriate today as it was at the beginning of the Revolution.
Freedom was won, but corruption soon crept in. What was once a proud banner now often strikes terror in the hearts of people.
Have people become too complacent with modern living? Have people forgotten the tyranny of subjugation to a king? Have people forgotten the horrors of slavery? Will they wake up before it is too late?
When the new nation was a toddler, it took on a national bank. Jefferson caused that bank to be closed down, but others kept bringing it back. Today, the national bank is called the Federal Reserve. It should never have existed centuries ago, and it certainly should not exist today.
The present world economic crisis can be traced right to the Federal Reserve. So many nations are linked to the American economy that they are now victims of the Federal Reserve's manipulation.
Most people mistakenly think that the Federal Reserve is a government bank. If it were, then all the interest it earns would be ploughed back into the American system, hence the national debt would be zero. That is, the Americans would only owe the interest to themselves. However, the interest is collected by individuals and groups. Those who own the Federal Reserve Bank collect the interest for themselves, and make themselves extremely wealthy at the expense of American taxpayers.
The Federal Reserve charges interest on every dollar in existence, whether paper or otherwise. The owners rake off this interest. Many banks have failed, are failing or will soon fail in America. They are failing because the Federal Reserve has become so greedy that banks can barely operate in the environment. The Federal Reserve takes almost all the profits from the banking industry and only provides scraps to its subservient banks.
The banks have to scrape and maul their customers to survive in this critical time. So, the banks become ruthless. Nobody cares for the banks because they are ruthless. Further, many of the banks have turned to unlawful activities just to stay afloat. The cause of all this disarray is the Federal Reserve.
Shut the Federal Reserve down tomorrow and things will begin to improve. Ban any national banks, and it will be a long-term solution. The small group of people who are taking all the interest from the Federal Reserve should be charged and tried for their horrible crimes against all the people in the world.
Not only is America affected, but the entire world is being fleeced by the Federal Reserve, because the whole world is impacted by American commerce and banking.
In these times that try men's souls, those without souls need to be tried and convicted. They are the culprits. They are the criminals. They are the evil slave masters.
W.B.W. Light-RiderSeptember 24, 2008
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