Swampyville's - "Intended Consequences"
by URthePoet
 Swampyville's - You're the Poet!
Jul 31, 2011 | 1522 views | 0 0 comments | 25 25 recommendations | email to a friend | print | permalink

"Intended Consequences" of what will happen if another trillion

dollars is borrowed.  The debt ratio will increase, the exchange

value of the dollar will fall (making the George Sora's of the

world happy). Paying back debtors with cheaper currency will

result in investors (Foreign Governments using Our tax dollars)

demanding higher interest rates due to the declining dollar.

Paying higher interest rates would greatly reduce domestic

U.S. growth. Currently the interest on the national debt is

about a half a trillion dollars a year. Going further in

debt will dramatically increase the interest on the national

debt.  With the dollar losing it's value and the increase

of interests rates on the national debt, eventually it will

consume every dollar the American People earn, making this

nation ripe for Globalization!

The United States of America will never see a Balanced

Budget Amendment passed for that would defeat the purposes

of the Internationalists.

Over the last 100 years we have seen our nation go from one

of self reliance to one of collective needs being provided

by the government through their "Gradual (Fundamental) Reformation"

of the system.  I didn't happen by chance and it wasn't a conspiracy.

The government indicated how this change would be accomplished.

The people of this nation had and still have a terminal illness

called "Complacency"!

Swampyville's Ask the Politically Correct!

Question: What was the Federal Reserve Act of 1913?

Politically Correct Resolution:

Federal Reserve Act!

(Wikipedia)

The Federal Reserve Act is the Act of Congress that created

the Federal Reserve System, the central banking system of

the United States of America, and granted it the legal

authority to issue legal tender and to set interest rates on loans

to participating banks. The Act was signed into law by President

Woodrow Wilson. With the passage of the Federal Reserve Act,

a Fractional Reserve Banking system was also implemented; thus,

the creation of false assets out of thin air!

Today, with the exception of a few small countries, all nations

have a central banking system that interconnects with each

other and are members of the World Banking Group headquartered

in Washington D.C. and who have close ties to Wall Street and

International Financial Interests.

For nearly eighty years, the U.S. was without a central bank

after the charter for the Second Bank of the United States

was allowed to expire. Prior to 1863 most banks were ran by the

individual States.  After various financial panics,

particularly a severe one in 1907, some Americans (Wall Street)

persuaded the people that the country needed some sort of banking and

currency reform that would, when threatened by financial panics,

provide a ready reserve of liquid assets, and furthermore

allow for currency and credit to expand and contract seasonally

within/without the U.S. economy.

Some of this was chronicled in the reports of the National

Monetary Commission (1909–1912), which was created by the

Aldrich–Vreeland Act in 1908. Included in a report of the

Commission, submitted to Congress on January 9, 1912, were

recommendations and draft legislation with 59 sections, for

proposed changes in U.S. banking and currency laws. The

proposed legislation was known as the Aldrich Plan, named

after the chairman of the Commission, Republican Senator

Nelson W. Aldrich of Rhode Island.

The Plan called for the establishment of a National Reserve

Association with 15 regional district branches and 46

geographically dispersed directors (primarily from the banking

profession). The Reserve Association would make emergency loans

to member banks, print money, and *(act as the fiscal agent for

the U.S. government). State and nationally chartered banks would

have the option of subscribing to specified stock in their local

association branch. It is generally believed that the outline

of the Plan had been formulated in a secret meeting on Jekyll

Island in November 1910, which Aldrich and other well connected

financiers attended.

*The Federal Reserve System has never been a part of the government.

However; it receives all government taxes and charges the

people a fee for handling the tax payers money, just like

any other bank!

Since the (Aldrich Plan essentially gave full control of this

system to private bankers), there was strong opposition to it

from rural and western states because of fears that it would

become a tool of certain rich and powerful financiers in New

York City, referred to as the "Money Trust". Indeed, from

May 1912 through January 1913 the Pujo Committee, a subcommittee

of the House Committee on Banking and Currency, held investigative

hearings on the alleged Money Trust and its interlocking directorates.

In the election of 1912, the Democratic Party won control of the

White House and both chambers of Congress. The party's platform

stated strong opposition "to the so called Aldrich bill for the

establishment of a central bank." However, the platform also called

for a systematic revision of banking laws in ways (supposedly) that

would provide relief from financial panics, unemployment and business

depression, and would protect the public from the "domination by what

is known as the Money Trust." (So they led the people to believe)

That "Money Trust" still exists; however, now it's an "International

Money Trust"!

The head of the bipartisan National Monetary Commission

was financial expert and Senate Republican leader Nelson

Aldrich. Aldrich set up two commissions—one to study the

American monetary system in depth and the other, headed by

Aldrich himself, to study the (European central banking systems)

and report on them. Aldrich went to Europe opposed to centralized

banking, but after viewing Germany's monetary system he came away

believing that a centralized bank was better than the government

issued bond system that he had previously supported. In other words,

he got the law laid down to him by the European Banking Family

that loaned "Seed Payments" to American Bankers (i.e., J.P. Morgan).

Eventually, this European Banking Family owned 80% of J.P. Morgan's

stock!

In early November 1910, Aldrich met (At Jekyll Island Georgia) with

five well known members of the New York banking community to devise

a central banking bill(scam). Paul Warburg, an attendee of the meeting and

long time advocate of central banking in the U.S., later wrote

that Aldrich was "bewildered" at all that he had absorbed abroad

and he was faced with the difficult task of writing a highly

technical bill while being harassed by the daily grind of his

Senatorial duties.  After ten days of deliberation, the bill,

which would later be referred to as the "Aldrich Plan",

was agreed upon. It had several key components including: a

central bank with a Washington-based headquarters and fifteen

branches located throughout the U.S. in geographically strategic

locations, and a uniform elastic currency based on gold and

commercial paper (Fiat money). Aldrich believed a central banking

system with no political involvement was best, but was convinced by

Warburg that a plan with no public control was not politically feasible.

The compromise involved representation of the public sector on the Board

of Directors. (The wanted the people to "think" that they were in charge)

Aldrich's bill was met with much opposition from politicians.

Critics were suspicious of a central bank, and charged Aldrich

of being biased due to his own wealth and close ties to wealthy bankers

such as J. P. Morgan and (John D. Rockefeller, Jr., Aldrich's son-in-law).

Most Republicans favored the Aldrich Plan, but it lacked enough

support in Congress to pass because rural and western states viewed

it as favoring the "eastern establishment". In contrast, (progressive

Democrats favored a reserve system owned and operated by the government);

they believed that public ownership of the central bank would end Wall

Street's control of the American currency supply. Conservative Democrats

fought for a privately owned, yet decentralized, reserve system, which

would still be free of Wall Street's control. (Nice thought, but it

never happened)

The original Aldrich Plan/scam was dealt a fatal blow in 1912, when

Democrats won the White House and Congress. Nonetheless, President

Woodrow Wilson believed that the Aldrich plan would suffice with a

few modifications. The plan became the basis for the Federal Reserve

Act, which was proposed by Senator Robert Owen in May 1913. (The

primary difference between the two bills was the transfer of control

of the Board of Directors called the Federal Open Market Committee

in the Federal Reserve Act to the government). Even though the

government had oversight of the Federal Reserve it has never actually

persued this responsibilty, allowing laws to be changed later to benefit

the Financial interests.  The bill passed Congress in late 1913.

"One must ask themself, does our debt based fiat money system dominate

indiviudual prosperity through inflation and is it used to promote world

conflict?  Does this nation's economic system underwrite a framework

of central bankers donating to both sides of a conflict or revolution?

And does it destroy American Soverneignty through a system of world

military and financial control?".  I say that it does!

"ALEA IACTA EST"!

(The die has been Cast)

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