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Abraxas
10-09-08, 18:51
This is not my own but I thought it was very interesting.

"Bankers Fraud:
The bail out of Wall Street is an ignominious and massive fraud.
True to the Hegelian Principle, (the political science in creating a crisis in order to implement a certain doctrine and/or solution, which without the crisis, the solution could not be implemented. ‘I.e., Thesis, Synthesis, Anti-thesis’.)
First, Bankers knowingly and willfully created what is called ‘sub-prime’ rates which in reality, were ‘variable rates.’ In other words, individuals were connived and induced to buy properties at a low interest rate which they could then afford.
Then the rates fluctuated. These home owners found themselves with interest that doubled, and in some cases tripled, which terminated in predicted and numerous foreclosures.
Lending institutions became over-extended with no payments coming from these victims. The predictable and created lending crisis!
This crisis sent shock waves through Wall Street and around the world. Combined with the monopolistic control of oil prices, the stock market plummeted and the financial scoundrels appeal to Congress for a massive swindle of $830 Billions which will be repaid by the impotent taxpayers through higher taxes.
History shows that there are basically three kinds of conquests usually achieved through:
1. Military
2. Religion
3. Finance and monopolies.
Money is created out of thin air. It is not based on gold or silver, or on a bag of beans. In other words, it is merely a book entry in a central bank. Thus the so-called crushing debt that America (and the world) must pay DOES NOT EXIST per se. It is all MONETARY FICTION ! A charade! And there is not a corrupt Congressman, nor a Senator, nor a President, (past and present) nor a court judge that does not know that the Federal Reserve System is a “privately owned bank.”

The Federal Reserve System is the nation’s central bank. It is not a government agency nor is it Federal (it is no more federal than Federal Express and/or Federal Toilet Seat.) It is merely called Federal to fool the public. It is the Bankers’s Bank

The Federal Reserve System was created by an Act of Congress on December 1913 when the majority of Congressmen were gone on Christmas holidays. …. the same year that the Federal ‘progressive’ income tax was legislated into law along with the passage of Tax Free Foundations. Furthermore, the Feds can not be investigated by law. And it is always referred to as the Feds in order to protect the identity of the principal controllers which, denied by some, and proven by others are as follows:
1. Rockefeller (Roquefeuille) of New York . (Chase Mahattan Bank, USS Steel, Exxon/Mobil etc…)
2. Rothchilds of London , (Branches in France , Italy , Germany , England )
3. Kuhn, Loeb and Co., of Germany and New York .
4. Lazares Freres, Bank of France .
5. Warburg and Co., of Hamburg , Germany .
6. Israel Moses Seaf, Bank of Italy .

Some of these financial consortiums (families) were firmly established since the 18th century. Today, we are witnessing major accretion and transfer of wealth between these giant money institutions.
These banking consortiums create money and charge our government and the people usury. The astringent defect in that system is that the total debt can never be repaid as there is not enough money in circulation for everyone to pay his debts. People struggle to find a non-existent dollar. Thus it is a mathematical impossibility for everyone to pay their mortgage, car loan, credit card debt etc…… More money must always be created and put into circulation in order to perpetuate the system. Wars, waste and fraud, new schools and new jails are a good way to justify the creation of more money to stimulate an economy. Furthermore, common sense tells us that if the US government was printing its own money, it certainly would not be in debt.
Now, if you put air into a tire, you inflate the tire. If you take air out, you deflate the tire. You must have a ‘compressor’. If you put more money into circulation you have inflation. Less money and you have deflation (depression.) It takes a ‘printing press’ to inflate and/or to create a depression. (War cycles, Peace cycles.)
When an un-cognizant and mis-represented taxpayer sends his income tax, his check is not cashed by the Dept of Treasury. It is cashed in by a Federal member Bank. (See who stamped it on the back of your check.) In other words, bankers create money out of nothing but the money sent in by the people out of their wages or income is real wealth. This is the most mind boggling fraud ever perpetuated on a people in world history. And when government uses its power to tax people to pay a private entity, in former practice, it was called ‘Tax Farming.’ Imagine, paying taxes on a bogus debt that does not exist!

With the wealth sent in by the people, these international bankers have “acquired” the wealth of the country, and the world, and have acquired and monopolized most markets (oil, minerals, timber, manufactures, food supplies, railroads, airlines, all news media, etc…….) Like a giant pyramid, corporations are owned by a another corporation which is a subsidiary of another group of corporations, and at the summit, …… International Bankers.

The supreme goal of these not so secretive pharisaical oligarchs is to control the wealth of the word…. the abolition of National Government, and the nullification of borders…….i.e., Globalism!

Under the United States Constitution, “Congress shall have power to coin money and regulate the value thereof”… Article I, Section 10. In outright contradistinction and in violation of the said Article, a Federal Reserve Note is not a United States Dollar and its purchasing power today is approximately 3 cents of a 1913 dollar.

Example #1
Now let’s go back a few generations when the land was settled and your forefathers, when they had their own land patent , with clear title, land owned in “Allodial and/or in Allodium.” Commerce was done by small entrepreneurs and inventors, by small artisans and craftsmen and a nutritious food supply was provided by the family farms.. Price of commodities and food were affordable, plentiful, and of excellent quality. The money used for transactions was in gold and silver coins.
Now, in the same society, establish and introduce by law, through a corrupt and bribed house of representatives, a bank and give it the power to create money and issue credit. Within 2 generations, the bank will own everything, the people will have to borrow in order to buy and sale, the manufacturing of the goods will be monopolized with price control, shoddy goods, shortages and high prices. The society will not only be in debt (slavery) but will also have stress, (toxemia), a high crime rate, and a high rate of poverty and diseases. Indeed the love of money is the source of all evils.
Example #2
If a logging town has ten small privately owned type saw mills and one mill goes out of business, the town will survive. However, if the same logging town has only one saw mill owned by a bank, (monopoly), and the said mill goes out of business, then the whole town will suffer drastically and/or will have to bail out the mill. Such is the situation today in many communities.
The solution: Invalidate and/or abolish the Federal Reserve System and for our government to issue Lawful money……. And the declaration of a State of “jubilee.”
Unlikely in these corrupt and latter days, …. at least not in my life time. Especially, when the adumbrated majority of the plebes care only about ‘unlimited credit,’ to be able to fill up their car, to buy and consume, and to watch Television.
America is indeed a financially conquered nation."

rightwingmaniac
10-09-08, 18:56
you can thank barney frank and acorn for this shit. forcing banks to make loans to the unqualified crying racism. they didnt even have to show proof of income to get a loan. total class warfare.

Abraxas
10-09-08, 18:59
you can thank barney frank and acorn for this shit. forcing banks to make loans to the unqualified crying racism. they didnt even have to show proof of income to get a loan. total class warfare.

While I do hate them for the stuff that they pulled, to be fair it started before their time they just help to perpetrate it, and bring it to a head.

rightwingmaniac
10-09-08, 19:01
the shit started back in 91 when they overturned the 89 bill. barney as a ranking member and acorn were at it even back then. thats when it all started.

buzz_knox
10-09-08, 20:36
the shit started back in 91 when they overturned the 89 bill. barney as a ranking member and acorn were at it even back then. thats when it all started.

It started back in '87, when Barney started sleeping with a Fannie exec.

Ridge_Runner_5
10-09-08, 20:49
Well if the economy continues the way it has been the past month or so then we wont have to worry about paying this illegal income tax in 6 months...

HAMMERDROP
10-09-08, 21:46
It started back in '87, when Barney started sleeping with a Fannie exec.


Barney was sleeping with a male ' Fannie' exec ... but I guess he was happy to choke on it then - LOL

Michael

thopkins22
10-09-08, 21:51
you can thank barney frank and acorn for this shit. forcing banks to make loans to the unqualified crying racism. they didnt even have to show proof of income to get a loan. total class warfare.

Our problems existed before then...it's been made exponentially worse since then thanks to both parties. Clinton and Bush both deserve a lot of the credit.

Bush in 2002 was going on about minority home ownership and how they were working hard to make credit available so that more Americans would own homes by the end of the decade than ever before. He even went on about how great it was that Fannie and Freddie were doing what they were.

rightwingmaniac
10-10-08, 00:06
Our problems existed before then...it's been made exponentially worse since then thanks to both parties. Clinton and Bush both deserve a lot of the credit.

Bush in 2002 was going on about minority home ownership and how they were working hard to make credit available so that more Americans would own homes by the end of the decade than ever before. He even went on about how great it was that Fannie and Freddie were doing what they were.

yeah, i know bush didnt do shit. he tried to take the credit for that without looking into it. why would he. he would of looked even worse if he said something. but old gay ass barney made it happen. without his pressure on the banks, it wouldnt of happened.

Failure2Stop
10-10-08, 08:45
Abraxas-

Pretty interesting, what is the source?

CarlosDJackal
10-10-08, 08:53
The funny thing is the left-wing sheeple can't seem to get it through their head that the "Home Mortgage Welfare and Socialism System" that they pushed for and applauded is what has caused this erosion.

While I do think that we had no choice but to bail these organizations out (we stood to loose more if they were to file for bankruptcy), I think we should also take the "spare" assets of those organizations' Executive that had a hand in their failure. I would gather to bet that each one of those people had multiple homes, multiple cars, stocks, etc. Seize everything but the homes and other assets that they need to subsist on and sell them to help fund this buyout and maybe give some of it back to the employees that stand to loose a heck of a lot more. JM2CW.

JBnTX
10-10-08, 09:05
"It's My Money And I Want It Now!!"
--J. G. Wentworth

HolyRoller
10-10-08, 11:36
As to the OP, now where have I heard this before?

Ah yes--in the materials sold to many of my clients for thousands of dollars, promising that since Federal Reserve money really doesn't exist, you don't have to pay your credit cards if you send in our magic validation letters. Consequently, my clients have had their credit ruined, been sued for tens of thousands of dollars of debts they didn't pay, and many will probably just have to go Chapter 7. I've already filed three lawsuits against people who sell this bologna, and I'm printing out the motion to certify a nationwide class action as we speak.

I'm not sure why 1913 was supposed to have been heaven on earth just because the Federal Reserve didn't exist. Who here believes that people were better off in 1913 than they are today?

thopkins22
10-10-08, 11:48
I'm not sure why 1913 was supposed to have been heaven on earth just because the Federal Reserve didn't exist. Who here believes that people were better off in 1913 than they are today?

1913 wasn't heaven on earth...we got the income tax in 1913. However, the late 1800s after we dumped our third central bank saw the greatest period of growth and prosperity this country has ever known.

Abraxas
10-10-08, 16:48
T
While I do think that we had no choice but to bail these organizations out (we stood to loose more if they were to file for bankruptcy),

I cannot tell you how much I disagree.

Abraxas
10-10-08, 16:57
Ah yes--in the materials sold to many of my clients for thousands of dollars, promising that since Federal Reserve money really doesn't exist, you don't have to pay your credit cards if you send in our magic validation letters. Consequently, my clients have had their credit ruined, been sued for tens of thousands of dollars of debts they didn't pay, and many will probably just have to go Chapter 7. I've already filed three lawsuits against people who sell this bologna, and I'm printing out the motion to certify a nationwide class action as we speak.

No doubt that everyone has to pay their bills, and taxes. But this does explain some things, if it is all correct. I at one time did not listen at all to this stuff, however I have met several people who are in the banking industry that say much the same. I take this to essentially mean that, we need to fix some major flaws in our monetary system

Bushytale
10-11-08, 00:39
abraxas, even though some might not want to hear it, the federal government sold out to the bankers in 1913. Before 1913 the Treasury was in charge of the money supply and it was backed by gold. Now all money the federal government needs must be borrowed from the "federal reserve". We owe the national debt to the federal reserve which is not a government entity. When Bush's father was president the govt. supposedly bought the federal reserve to quiet the uproar from the people about it not being a govt. agency. How could the govt. buy something they owed Trillions of dollars too.

Yes you have to pay your debts and your taxes or suffer the consequences. Even though the federal income tax laws were never ratified by all the states and are illegal.

The Trillion dollars for the "rescue" has to be borrowed from the "federal reserve".