Tuesday, March 29, 2011

I Want to be a Banker

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." ~ Henry Ford

I'm pretty stupid and don't understand the complexities of our banking system, and how their financial wizards have been making so much money during the Great Recession while ordinary people have lost everything they had. So if I wanted to be a banker, how do I open my own bank?

Why is it that the fine print on credit card and checking accounts agreements says I am legally bound by the Federal banking and tax laws of the U.S. when I am FORCED to open a bank account just to cash my paycheck? Is there a law that says I can demand cash from my employer instead? Would I be fired from my job for demanding a cash payment for my labor? Would a law protect me if I were fired if I chose to not voluntarily participate in the Federal Reserve banking system?

"Governments do not govern, but merely control the machinery of government, being themselves controlled by the hidden hand. The world is governed by very different personages from what is imagined by those who are not behind the scenes." ~ Lord Rothschild

What's the difference if:
  • I loan you money and charge you 15% interest for one month
  • You borrow money from a loan shark at 20% interest for one week
  • You cash your payroll check for a "Pay Day" loan for 15% of the check
  • You borrow money from Goldman Sachs and get charged a commercial interest rate (20.0% APR for a personal loan over 3 years or 5.5% APR interest for a home mortgage over 30 years)
  • Goldman Sachs borrows from our central bank (the Federal Reserve) and gets charged Federal Interest (only 0.15%, practically nothing)
  • What's the difference between "usury" and legal lending; and the difference between "banking" and theft?
What would be the difference between a silver dollar (or a gold dollar) and a paper dollar (or a digital dollar today) when a U.S. dollar was once backed by gold held at Fort Knox?

Why does our money say "In God We Trust", to infer we should blindly trust the banks and Federal government because THEY believe in a god? Weren't gods invented to control and manipulate people all throughout the ages?

"Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." - Woodrow Wilson, 28th President of the United States (1913-1921).

The Constitution of the United States of America provides that the United States Congress shall have the power "To coin Money". Does this only mean silver and gold coins that are minted ("coined")? Or does this also include I.O.U.s printed at the privately owned Federal Reserve Bank?

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world, no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." - Woodrow Wilson, 28th President of the U.S. on his death bed for passing the Federal Reserve System.

The Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time". The U.S. dollar may therefore be described as the unit of account of the United States. Is a Federal Reserve Note a legally binding "U.S. Dollar" and Constitutionally recognized as legal tender?

The word "dollar" is one of the words in the first paragraph of Section 9 of Article 1 of the U.S. Constitution. This act designated the United States dollar as the unit of currency of the United States. Did this also mean promissory notes (and not just gold coin dollars), such as "Federal Reserve Notes" (essentially I.O.U.s) are valid, even though they no longer promise a dollar's worth of gold being held by the government at Fort Knox?

Denominations equal to or greater than one dollar are produced out of thin air as Federal Reserve notes, with the exception of gold, silver and platinum coins, which can be valued up to $100 as legal tender (but worth far more as bullion) and are coined at the U.S. Mint for the U.S. Treasury. But remember when the ownership of gold by a "private citizen" was once illegal?

The dollar (USD) used to be backed by gold, but no more. Why? And why can't we see the gold in Fort Knox? We haven't since the 1970s...is it still there? And if not, where is it, and where did it go?

For the past several years China has been buying tons of gold and gold has tripled in value in the last 10 years alone. If we still had gold in Fort Knox, and it tripled in value, how is that applied to out nation's wealth and national debt? Can we buy our debt back from China?

Why (and how) do the following countries also use the U.S. dollar exclusively as its national currency?

British Virgin Islands
Caribbean Netherlands
East Timor
El Salvador
Marshall Islands
Federated States of Micronesia
Turks and Caicos Islands

Before the Federal Reserve system the U.S. used to have many different banks that printed and "coined" their own money (dollars) and issued bank checks (supposedly if they held they real assets). Now America has one privately owned bank called the Federal Reserve, which has NO association to the U.S. government - and was designated as the U.S. central bank, for which it prints paper and digital dollars for American banks. The U.S. Mint makes the coins..."To coin Money".

Can the Federal Reserve print a dollar any time it wants to (with the consent of congress-people who are beholden to banks) and "loan" it to Goldman Sachs for a penny, who in turn, loans it to you for two dimes? Is this how bank bailouts work? When these banks make bad investments, we are FORCED to buy their debt....the banks hit pay-dirt. When we make bad investments, we just eat plain dirt. Is this how our Founding Forefathers envisioned the U.S. dollar (and our banking system) in the Constitution?

Was this why limited liability corporations were also used to do business in America?

Who are these INDIVIDUAL people who own and profit from our central bank, the Federal Reserve, and what of the other central banks around the world, such as the Bank of England who stayed with the British pound, rather than go "Euro"?

If ONE DOLLAR represented all of America's wealth, and was backed by one ounce of gold at Fort Knox, could the Federal Reserve print one more dollar (devaluing the current dollar), then loan it to Goldman Sachs for almost nothing, who in turn loans it to you for a profit? And would doing this thereby double the value of the gold at Fort Knox? Is this how the prices of precious metals go up, by central banks monetizing their currencies?

And what if there were only half an ounce of gold (or no gold at all) at Fort Knox? Why can't we get Congress to allow us to peek inside the vault and show us? How much of the gold that is presently mined in Northern Nevada (and elsewhere) shipped and stored at Fort Knox? Isn't the gold ours too, a natural resource, our national treasure? The PEOPLE'S gold? And why can't we get Congress to audit the Federal Reserve? What do they have to hide?

Why did most of the central banks in the countries of Europe agree to a "EURO"? And who exactly MINTS or COINS the Euro?

"Three hundred men, each of whom knows all the others, govern the fate of the European continent, and they elect their successors from their entourage." ~ Walter Rathenau

Who exactly MINTS and COINS the Amero, and is it Constitutionally recognized a legal U.S. tender like the Monopoly money the Federal Reserve prints and profits so much from? Would it be backed by a barrel of oil, as opposed to gold? And isn't our domestic oil also a natural resource and national treasure...the PEOPLE'S oil?

 "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain's money supply controls the British Empire, and I control the British money supply."  ~ Nathan Mayer Rothschild

If I wanted to be a banker, would the Federal Reserve print me a FREE dollar (or produce a "digital" dollar and electronically transfer it to my personal home computer - to my own personal "bank") so that I can loan that "dollar" to you for a profit? If so, then I want to be a banker.

Today from the Huff Post: Big banks saved billions as homeowners suffered.

1 comment:

  1. Some good questions.

    You might want to take a look at the video on the upper right hand side where he talks about two people being shot through history.

    You also might be interested in my discussion about "balance" today.


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