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=> Thank You SAM!

Thank You SAM!
Posted by Jeff (Guest) jeff@attoz.com - Sunday, July 17 2005, 1:14:49 (CEST)
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Dear Maggie,
I have been wondering about the basics of banking for so long... this one article, if you'll call it that, has answered so many of my questions.

I do recall learning about the debate in American History over whether or not the country should have a central bank.

One of the odd things about banks that irks me has always been about transfers. If I transfer someone $1000, one bank calls another and the transfer is completed...but do the banks actually send $1000 cash, or $1000 in gold to each other? No. They just transfer numbers on a computer screen. It's so amazing how that works. So why can't I have a bank and just "say" that I have money, where really there isn't any? Where are the checks and balances?

Apparently there are none.

But the good news is, I don't have any money, so I don't have to worry about losing it.

In the future, in my own mind I will be successful when I have a tangible means to get what I want, a place to call home, and a vehicle to get me from point A to point B.

In many cases, I have bartered with other businesspeople... I trade them my services for their products or services. When this happens, it is always under the table, because you are actually supposed to report this to the IRS and be taxed for your bartering! pfffft.

But in America, even when you own a house, you have to pay ungodly amounts of taxes not only on that house, but on your income, and on this, and that, and the other thing... it seems like the system is almost designed so that, no matter how much you make, you will be stuck in the system for life.

I once had a millionaire tell me that he pays less taxes than someone who makes $150,000 per year... the system is indeed designed to benefit the rich, while the poor saps at the bottom end of the spectrum get stuck with the tax burden, which sadly pays for a war that (you guessed it) also benefits the same rich people...thus perpetuating a cycle of wealth and death and destruction. Ok, I have to stop now...this is depressing.

Break the cycle...move to Mexico. ;-)

Perhaps there will be another French revolution...but here instead?
............................/
Maggie wrote:
>Written by Sam I AM
>
>
>Federal Reserve/ Central Bank Part 1
>
>Banking, in all its glory, may be the most brilliant form of trade in history. Central Banks, the World Bank, and the World Central Bank dominate our rates, currency, inflation, our houses, businesses, cars, insurance, and credit cards. Indeed, the banks run our entire existence. Our own country's central bank had some controversies of its own. Turns out our founding fathers had some monumental arguments on why we should/should not install a central bank.
>
>
>
> Alexander Hamilton, George Washington's Treasury Secretary, had publicized debates with Thomas Jefferson on why we should create one. Jefferson (rightly) argued that a central bank would enslave the American public to the banking system, much like England had been. Hamilton's argument was that it would ensure the paper currency to be stable throughout future times. It is most likely that Hamilton was under strings being pulled by the real proponents, European banking interests, what later would be known as the "Eastern Establishment". Needless to say, the masterminds won out after the bank panic of 1905, and in 1913 established the Federal Reserve Act, whereby the Federal Reserve would create money, loan it to the government at an interest, and be repaid via U.S. tax payers.
>
> The Fed, contrary to belief, is not a government agency, but is a privately owned bank. It sets the interest rate, loans the government money, requires 20 percent of every dollar made by every U.S. bank to be deposited in one of their 12 branches, and has all losses incurred paid for by the tax payers. Who owns the Fed? David Icke writes in his book, The Biggest Secret, that it is Rockefeller, Rothschild, Oppenhiemer, DuPont and the rest of the Eastern Establishment. Jim Marrs' Rule By Secrecy also documents this. It is illegal for citizens to own stock in the Federal Reserve. These families own a total of 51 percent of the 12th Central Bank, established in New York. This bank in turn controls the activities of all other banks.
>
> Fractional Reserve banking is perhaps its best weapon against the people. Fractional reserve banking means that the bank can lend out 10 times more money than it actually has, because in the end it is all just numbers on a screen, being typed from one banks screen to another banks screen. Not only does it not have to have all the money it lends out, it can charge interest on money it never had in the first place. And when you put money in or out of your checking account, the bank can charge you monthly fees while lending your money out. Not bad.
>
> Researchers claim that the banks are manipulating recessions and inflations for their own benefit. While economists say that the economy is cyclical, researchers claim the cycle is single handedly caused by banks for a certain purpose. David Icke explains. In a recession, the banks promote loans at a discounted rate for the purpose of economic growth. With this low interest rate the loans are sought after by the public, creating the need for more money to be printed by the Federal Reserve. This increase in the money supply allows for the increase in product because people now have more money to spend. Loans on houses are in demand, new businesses are built (with loans), new equipment for those businesses (loans), cars, etc.. This increase in demand for production allows for the increase in production, more employees hiredand and more equipment. Unemployment recedes. This domino effect leads to the eventual jump in company stocks in the stock market, Thus creating a boom. At the opportune time, at the exact right moment, the Fed raises the interest rate, pulls money out of circulation, and instructs banks to call in the loans made during the recession. Houses, businesses, equipment and cars are forced into liquidation, and unemployment skyrockets, leading the nation into another recession.
>
> The money is not made in 30 years when the house is finally paid off, but made when the house/business/car/equipment cannot possibly be paid off, resulting in the bank seizing those assets. So the real money is not made with petty monthly thousand dollar payments, but in the physical, very real house itself. This, researchers claim, is what is known as "the banking scam," and it happens all the time. The only factors that control a recession and an inflation are the abundance of actual money, and the interest rate. And who controls these two? The Central Bank. By far the most brilliant scheme in world history.
>
>
>
> When asked what the U.S. Constitution was after Jefferson signed it, he replied, "A republic, if you can keep it."
>
> The Federal Reserve admits part of the scam itself. In a book about the Bank in 1960, The Federal Reserve System, then Vice President of First National Bank of Chicago Victor Prochnow lists one of the reasons for raising the interest rate is to "force the liquidation of credit."
>
> The same year the Federal Reserve Act was passed, 1913, another bill had to be passed in congress to allow for the Bank to supply all this money to the government. This bill was called the Federal Income Tax Bill. The U.S. citizens would be taxed a percentage of every dollar they made from then on, then the funds would be diverted to the Federal Reserve.
>
> Supposedly the World Central Bank is in Switzerland, a country totally untouched by the world elite. Switzerland is, and always was a neutral country. According to James Kelder in his book, How To Open A Swiss Bank Account, it is to allow for the safe keeping of elite money. Indeed, Switzerland has never invaded a country, and has never been invaded. According to Kelder, dictators even have their pensions in Switzerland to protect it from any unstable regional effects.
>
> The World Bank (United Nations) is on the act as well. According to Greg Palasts' book, "The Best Democracy Money Can Buy," the World Bank allows third world countries to take loans from it's reserves. The contract in the loans include 124 clauses, such as privatizing state controlled energy companies, and selling them at a large discount to foreign corporations, "crushing unions," and other acts that render a country slave bound.
>
> "Give me control of a country's currency, and I care not who makes its policies". -Mayer Rothschild
>
> Third world debt is not in any way a problem for the World Bank and agencies like Chase Manhattan Bank (Rockefeller). In fact, loans are made at such a high rate to these desperate countries, that bankruptcy is encouraged. The reason for this is when a country is indebted to a bank or institution, that institution then has control over that country. Once this occurs, the possibilities for financial gain is limitless.



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