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Questions about the Federal Reserve, Central Banks and Fiat Currency

Discuss conspiracies, mysteries and paranormal phenomena.

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Re: Questions about the Federal Reserve, Central Banks and Fiat Currency

Post by Adama » March 22nd, 2018, 10:03 pm

If the bankers have deceived people and stolen our money by deceit and sleight of hand, then they and all of their descendants who participate in such fraud are in deep trouble:

Amos 8:4-7 King James Version (KJV)

4 Hear this, O ye that swallow up the needy, even to make the poor of the land to fail,

5 Saying, When will the new moon be gone, that we may sell corn? and the sabbath, that we may set forth wheat, making the ephah small, and the shekel great, and falsifying the balances by deceit?

6 That we may buy the poor for silver, and the needy for a pair of shoes; yea, and sell the refuse of the wheat?

7 The Lord hath sworn by the excellency of Jacob, Surely I will never forget any of their works.

They will probably never have forgiveness. Besides that, even usury of 1% is enough to kindle God's anger, and He says that He will not save or justify those who increase their substance by usury. In other words, many bankers (and their descendants if they too participate or are otherwise evildoers) are in deep trouble eternally.
Winston wrote:
January 8th, 2018, 8:43 am
They were apparently lending money on usury against houses even back during the time of Christ:

Matthew 23:14 King James Version (KJV)

14 Woe unto you, scribes and Pharisees, hypocrites! for ye devour widows' houses, and for a pretence make long prayer: therefore ye shall receive the greater damnation.

Apparently, they lent money on the houses of widows, and when the widows couldn't pay the money back with interest, they confiscated their houses, and then they made prayers, pretending to care about the plight of those poor widows.
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Re: Questions about the Federal Reserve, Central Banks and Fiat Currency

Post by Adama » March 22nd, 2018, 10:44 pm

Winston wrote:
March 19th, 2018, 6:47 pm
Of course the elite caused the 1929 Great Depression and others to destabilize the economy, to justify the central bank, which all the US founding fathers opposed, and which Andrew Jackson fought hard to destroy. Why do you think they did that? You think the Great Depression was accidental or caused by greedy investors only? lol. You buy lies easily huh? You haven't seem to done any research on this. Have you listened to any lectures or interviews by James Perloff of Alan Watt or Eustace Mullins? Have you seen "The Secret of Oz" documentary on YouTube?
What those poor, pitiful bankers don't know is, if that is true, then they have pierced their souls through with many sorrows. That is, in the depths of eternal destruction, they've added worse punishment onto themselves for hurting people in this way.
But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
Foolish and hurtful lusts, as in seeking to make other people their slaves by deception and fraud, which is a waste of effort. Destruction and perdition? That is saying that they are definitely condemned, because it means the same thing. That's like saying destruction times destruction squared. They are in so much trouble. Many sorrows, as in the punishments of eternal destruction, where they will be repaid.
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Re: Questions about fiat currency and central banks

Post by TheLight954 » April 17th, 2018, 6:53 pm

Winston wrote:
October 29th, 2017, 5:13 pm
I dont get something about fiat currency and central banks. Can anyone explain them?

If the central banks print money out of nothing, then its worthless. Not debt. Not a loan. So what do the banks lose if they cancel the debt? The money is worthless. They can print money and put it in their own pocket. So why do they need to be paid back? Do u see what i mean?

Also how come the income tax in taiwan is only 10 percent? How does the government in taiwan function that way but italian government cannot? The average italian is intellectual, much more than taiwanese. The average taiwanese is primitive like animals and dumbfuck eggshells, I swear. Not much brighter than filipinos. So how is the taiwan government more efficient than the italian government? Makes no sense.

Why doesnt the government overthrow the central banks then? Like the king of france did with the knights of templar in the 14th century because they were in huge debt to them?

So why doesnt government arrest all the bankers and cancel all debt and then the problem is solved?
The bank can't just print out massive amounts of money like that, because it would cause massive inflation. While inflationary measures are necessary for the system to sustain itself, inflating the economy too much would collapse it. Our inflation rate is around 2% annually, meaning that most of the deposits(probably at least 98%) have to be paid through debts (moreover, fractional reserve serves to amplify this problem, as most of the money supply is in the form of typed numbers, not actual printed dollar bills). If the banks printed out all the deposits, our inflation rate would likely be at least 100%, which is unsustainable for obvious reasons.

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation." -Credit Manager of the Federal Reserve Bank of Atlanta

The banks' profit depends on loaning out money with interest. In other words, it is in the business of creating debt. If all the debt were paid off, our system would collapse. That's why banks cannot just cancel out debt. This fact means that a debt-free generation and sustained prosperity is impossible, for it would mean that there is no debt to pay to banks, and the economic system would collapse. That's also a big reason why we start wars: wars create massive debt, which immensely profits the bankers. Balancing the budget is impossible for the same reasons, and that's our country depends on these massive spending politicians to sustain the debt-based system.

Our system is really fragile. If we arrested all of the bankers suddenly (or paid off all our debt), the economic system would certainly collapse and cause massive public unrest. Even though our system is probably due to collapse anyways due to the increasingly levels of debt being unsustainable, no politician wants it to happen under their watch. Thus, the debt ceiling increases constantly.

Also, on your Taiwan point, I believe its economy is based more on saving and investing, probably loaning to invest, while Italy's economy is based more on consumption. Loans are paid back by investors when their stock goes up or whatever (much like during the roaring 20s) in Taiwan, so no need for more tax.

The bankers act the way they do because they want to sustain this system and prevent an economic collapse under their watch. Nobody wants to be credited with an economic collapse, although this system is broken and depends on debt to survive (which is why although productivity has gone way up, most people are still in debt/struggling to pay their bills).

Watch to see how the system works.

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Re: Questions about the Federal Reserve, Central Banks and Fiat Currency

Post by Winston » August 11th, 2018, 4:38 pm ... chool.html

41 Facts About The History Of Central Banks In The United States That Our Children Are No Longer Taught In School

The American Dream

Nov 12, 2010

Today, most American students don’t even understand what a central bank is, much less that the battle over central banks is one of the most important themes in U.S. history. The truth is that our nation was birthed in the midst of a conflict over taxation and the control of our money. Central banking has played a key role in nearly all of the wars that America has fought. Presidents that resisted the central bankers were shot, while others shamefully caved in to their demands. Our current central bank is called the Federal Reserve and it is about as “federal” as Federal Express is. The truth is that it is a privately-owned financial institution that is designed to ensnare the U.S. government in an endlessly expanding spiral of debt from which there is no escape. The Federal Reserve caused the Great Depression and the Federal Reserve is at the core of our current economic crisis. None of these things is taught to students in America’s schools today.

In 2010, young Americans are taught a sanitized version of American history that doesn’t even make any sense. As with so many things, if you want to know what really happened just follow the money.

The following are 41 facts about the history of central banks in the United States that every American should know….

#1 As a result of the Seven Years War with France, King George III of England was deeply in debt to the central bankers of England.
#2 In an attempt to raise revenue, King George tried to heavily tax the colonies in America.
#3 In 1763, Benjamin Franklin was asked by the Bank of England why the colonies were so prosperous, and this was his response….
“That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.
In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”
#4 The Currency Act of 1764 ordered the American Colonists to stop printing their own money. Colonial script (the money the colonists were using at the time) was to be exchanged at a two-to-one ratio for “notes” from the Bank of England.
#5 Later, in his autobiography, Benjamin Franklin explained the impact that this currency change had on the colonies….
“In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”
#6 In fact, Benjamin Franklin stated unequivocally in his autobiography that the power to issue currency was the primary reason for the Revolutionary War….
“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War.”
#7 Gouverneur Morris, one of the authors of the U.S. Constitution, solemnly warned us in 1787 that we must not allow the bankers to enslave us….
“The rich will strive to establish their dominion and enslave the rest. They always did. They always will… They will have the same effect here as elsewhere, if we do not, by (the power of) government, keep them in their proper spheres.”
#8 Unfortunately, those warning us about the dangers of a central bank did not prevail. After an aborted attempt to establish a central bank in the 1780s, the First Bank of the United States was established in 1791. Alexander Hamilton (who had close ties to the Rothschild banking family) cut a deal under which he would support the move of the nation’s capital to Washington D.C. in exchange for southern support for the establishment of a central bank.
#9 George Washington signed the bill creating the First Bank of the United States on April 25, 1791. It was given a 20 year charter.
#10 In the first five years of the First Bank of the United States, the U.S. government borrowed 8.2 million dollars and prices rose by 72 percent.
#11 The opponents of central banking were not pleased. In 1798, Thomas Jefferson said the following….
“I wish it were possible to obtain a single amendment to our Constitution – taking from the federal government their power of borrowing.”
#12 In 1811, the charter of the First Bank of the United States was not renewed.
#13 One year later, the War of 1812 erupted. The British and the Americans were at war once again.
#14 In 1814, the British captured and burned Washington D.C., but the Americans subsequently experienced key victories at New York and at New Orleans.
#15 The Treaty of Ghent, officially ending the war, was ratified by the U.S. Senate on February 16th, 1815 and was ratified by the British on February 18th, 1815.
#16 In 1816, another central bank was created. The Second Bank of the United States was established and was given a 20 year charter.
#17 Andrew Jackson, who became president in 1828, was determined to end the power of the central bankers over the United States.
#18 In fact, in 1832, Andrew Jackson’s re-election slogan was “JACKSON and NO BANK!”
#19 On July 10th, 1832 President Jackson said the following about the danger of a central bank….
“It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners… is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? … Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence… would be more formidable and dangerous than a military power of the enemy.”
#20 In 1835, President Jackson completely paid off the U.S. national debt. He is the only U.S. president that has ever been able to accomplish this.
#21 President Jackson vetoed the attempt to renew the charter of the Second Bank of the United States in 1836.
#22 Richard Lawrence attempted to shoot Andrew Jackson, but he survived. It is alleged that Lawrence said that “wealthy people in Europe” had put him up to it.
#23 The Civil War was another opportunity for the central bankers of Europe to get their hooks into America. In fact, it is claimed that Abraham Lincoln actually contacted Rothschild banking interests in Europe in an attempt to finance the war effort. Reportedly, the Rothschilds were demanding very high interest rates and Lincoln balked at paying them.
#24 Instead, Lincoln pushed through the Legal Tender Act of 1862. Under that act, the U.S. government issued $449,338,902 of debt-free money.
#25 This debt-free money was known as “Greenbacks” because of the green ink that was used.
#26 The central bankers of Europe were not pleased. The following quote appeared in the London Times in 1865….
“If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.”
#27 Abraham Lincoln was shot dead by John Wilkes Booth on April 14th, 1865.
#28 After the Civil War, all money in the United States was created by bankers buying U.S. government bonds in exchange for bank notes.
#29 James A. Garfield became president in 1881, and he was a staunch opponent of the banking powers. In 1881 he said the following….
“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
#30 President Garfield was shot about two weeks later by Charles J. Guiteau on July 2nd, 1881. He died from medical complications on September 19th, 1881.
#31 In 1906, the U.S. stock market was setting all kinds of records. However, in March 1907 the U.S. stock market absolutely crashed. It is alleged that elite New York bankers were responsible.
#32 In addition, in 1907 J.P. Morgan circulated rumors that a major New York bank had gone bankrupt. This caused a massive run on the banks. In turn, the banks started recalling all of their loans. The panic of 1907 resulted in a congressional investigation that ended up concluding that a central bank was “necessary” so that these kinds of panics would never happen again.
#33 It took a few years, but the international bankers finally got their central bank in 1913.
#34 Congress voted on the Federal Reserve Act on December 22nd, 1913 between the hours of 1:30 AM and 4:30 AM.
#35 A significant portion of Congress was either sleeping at the time or was already at home with their families celebrating the holidays.
#36 The president that signed the law that created the Federal Reserve, Woodrow Wilson, later sounded like he very much regretted the decision when he wrote the following….
“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e 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 the duress of small groups of dominant men.”
#37 Between 1921 and 1929 the Federal Reserve increased the U.S. money supply by 62 percent. This was the time known as “The Roaring 20s”.
#38 In addition, highly leveraged “margin loans” became very common during this time period.
#39 In October 1929, the New York bankers started calling in these margin loans on a massive scale. This created the initial crash that launched the Great Depression.
#40 Rather than expand the money supply in response to this crisis, the Federal Reserve really tightened it up.
#41 In fact, it was reported the the U.S. money supply contracted by eight billion dollars between 1929 and 1933. That was an extraordinary amount of money in those days. Over one-third of all U.S. banks went bankrupt. The New York bankers were able to buy up other banks and all kinds of other assets for pennies on the dollar.

But are American students being taught any of this today?

Of course not.

In fact, it is a rare student that can even adequately explain what a central bank is.

We have lost so much of what is important about our history.

And you know what they say – those who forget history are doomed to repeat it.

It is absolutely critical that we educate as many Americans as possible about what is really going on in our financial system and about why we need to make some truly fundamental changes.

So what is your opinion about central banks? Feel free to leave your thoughts in the comments section below….

This article was posted: Friday, November 12, 2010 at 5:10 am
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Re: Questions about the Federal Reserve, Central Banks and Fiat Currency

Post by Winston » August 11th, 2018, 4:40 pm

I don't get something. If Andrew Jackson destroyed the central bank in the 1830's, and it wasn't revived again until 1913 when the Federal Reserve was established, then which central bank did Abraham Lincoln usurp in 1862 with the printing of Greenback currency that got him assassinated? Am I missing something?

Also, was John Wilkes Booth, his assassin, ever connected with the central banks of Europe? He was a member of a secret society I heard. Why isn't this mentioned in any documentaries?

Also I heard Eustace Mullins say that the War of 1812 began because Thomas Jefferson refused to renew the charter for the Bank of England. Did that war end because they gave in and renewed the charter? Or because the US won the battle that produced the national anthem "The Star Spangled Banner"? (which sucks I think and isn't as beautiful as other national anthems)
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Re: Questions about the Federal Reserve, Central Banks and Fiat Currency

Post by Winston » August 11th, 2018, 4:46 pm

A book that will boil your blood.

Image ... 07F751QHZ/

A History of Central Banking & The Enslavement of Mankind

A History of Central Banking and the Enslavement of Mankind is Stephen Mitford Goodson’s companion volume to Inside the South African Reserve Bank Its Origins and Secrets Exposed. While the latter volume describes the mechanics of the fraudulent usury banking system, with a focus on Goodson’s experiences as a director of the SA Reserve Bank, this volume expands the focus to encompass the role of banking and money in history from ancient times to the present.

The role of money-lenders in history was once aptly termed by many acute observers as the “Hidden Hand.” It is the power to create, lend and accumulate interest on “credit,” and then re-lend that interest for further interest, in perpetuity, that creates pervasive, worldwide debt, from the individual, to the family, to the entire state. The ability to operate a fraudulent credit and loan system has long been known, and through all the slickness of a snake-oil salesman, the money-lenders – the same types Jesus whipped from the Temple – have persuaded governments that banking is best left to private interests.

Many wars, revolutions, depressions, recessions, and other social upheavals, have been directly related to the determination of these money-lenders to retain and extend their power and profits. When any state, individual or idea has threatened their scam they have often responded with wars and revolutions. The cultural and material progress of a civilization will often relate to the degree by which it is free from the influence of debt, and the degradation that results when the money-lenders are permitted to regain power. Hence, Goodson shows that both World Wars, the Napoleonic wars, the American Revolution, the rise and fall of Julius Caesar, the overthrow of Qathafi in Libya and the revolution against Tsar Nicholas, among much else relate to this “Hidden Hand” in history. This is the key to understanding the past, present and future.
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