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. Good Morning Friends,
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today is Monday December 21, 2009
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OK, so now all of the big Sagittarian birthdays are over and now we can get back to normal. But, it is good to celebrate these events though I think you would all agree. I mean, it is good to remember the important people in one's life and to be able to celebrate the most important day in one's life. A birthday means life friends and that is why they are very important things.
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You know, I have been reading about this Federal Reserve business down in the States for maybe a couple of years now. Now, there are the hard core conspiracy guys who do not think much of this organization at all. Check out yesterday's post, for example and watch the link on the bottom of the page. Individuals like Eustace Mullins, for example, think that the Fed is the root of all of our problems. Essentially, what he is saying is that the Fed is an evil entity that is responsible for war and all manner of discontent for the population. Like many others that I have read about lately he comes across as one who really believes in what he says and he seems determined in his beliefs. He is a true rebel in my opinion and much of what he says seems to have some relevance. The Federal Reserve Bank does truly have a lot of power and they do in fact appear to have an agenda.
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.The main thing that you have to keep in mind about the Federal Reserve is that it is a group of private bankers who control the whole U.S. financial system and economy. So, that means that these bankers do in fact have a lot of power. The point of the whole thing of course and the question that should be foremost in all of our minds is: are they using that power to benefit themselves or are they thinking of the welfare of the nation?
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Remember, the bankers met in secret back in 1913 and that is when they got the power that they have today. They have the power to create money and to influence all manner of financial and economic activity. They can create inflation and they can create depressions as well. And, they do these things by affecting the money supply and controlling interest rates and the like. For myself, I am skeptical of this group of private bankers since they control the financial levers as it were. There are no assurances, for example, that whatever they do will not benefit themselves more than the general economy. And, if it can be found that they are gaining unnecessarily from their relationship to the U.S. government then why are they even in business?
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You also have to remember that the Federal Reserve and its constituents would gain from something like war. Wars are good for banks because that means that they can lend the government money to conduct its wars. They gain from lending money and collecting a rate of interest for doing so. So, how do we really know if the bankers do not have some kind of an agenda to promote war, just for the sake of war? We don't really know of course and that is where the business of conspiracy comes into play. Good conspiracies I think are based on facts as they appear on the ground in my estimation. Eustace Mullins understands that conspiracies abound in our society for this very reason. Nobody does anything for nothing as it were and if we can determine that somebody is capable of profiting from whatever situation then that makes for a legitimate conspiracy theory to develop. That is why an entity like the Federal Reserve becomes suspect when wars are created, simply as a consequence of them being beneficiaries to such events.
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Also, you have to remember that this central bank, the Fed has the power to create money out of thin air. That is a lot power in my view and it makes me stop and wonder about the power of this institution. If an administration wants to wage war for example it has an easy supply of money by which to conduct that war. It simply issues bonds to the Fed and collects the money to conduct its wars. So, an administration can conduct its wars and in the meantime the Fed and its constituents can once again earn a rate of interest for creating money out of thin air. Everybody is happy of course except the taxpayer who now has trillions of dollars of debt for which he is responsible. Was anybody thinking about the taxpayer when all of these wars were thought about?
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Also, think about the current financial crisis that we are engaged in. How do you think this happened, by some accident perhaps? Not very likely when you consider the events that led up to the crisis itself. The Federal Reserve you may recall is responsible for interest rates. And, the interest rates were low for a long time before the crisis became full blown. Through the actions of the bankers on Wall Street who were supposed to be regulated by the Fed they created toxic products out of risky mortgages. And, they bundled these things up and sold them worldwide. So, that means that there was a lot of bad paper out there and many large institutions had these things on their balance sheets. And, many financial and other companies were leveraged as well, using their risky assets as collateral. But, then the mortgages started going bad. Even a slight uptick in interest rates can cause problems for a fragile economy. And, the economy is very fragile indeed.
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We know the history friends. Everybody does now. The system such as it is collapsed right in front of us. And, what is the " system " you ask? Well, the system is what it is. There are quite a few things involved here, but I am going to try and bundle it all together for you so that you can understand it as I have come to understand it. Globalization means that the nation's jobs are being shipped overseas to places like China. The corporations have found out that they can produce things more cheaply in foreign lands. That also means that the U.S. citizens are being slowly forced into lower and lower paying jobs, or they might not have any job at all for that matter. But, these things matter not for international corporations and their allies, the bankers. They are interested in making money and nothing more. That is why they exist. Basically, what comes about as a function of globalization is that those that remain employed and who have assets are forced to borrow more, or live off of their remaining assets. The stock market and one's home are examples of assets. Now, recall that the banks were engaged in a low interest rate policy for a good long time. This policy allowed bubbles to occur in the stock and housing markets. So, everything was OK while things were running smoothly. People could borrow and they could buy houses, sometimes expensive houses too since inflation was raising their prices. And, the inflation of course was a function of the expanding credit in the economy. Well, everything was hunky dory of course while the game was being played. The Wall Street bankers were making a ton of money just doing what they normally do as well as selling the toxic assets which I mentioned above. People of low income were buying houses beyond their means and everyone was taking on more risk and more debt. But, then the system failed as we all know. It just all came to an end when the bubbles starting bursting and when everyone realized that the assets they had were not really worth what they though they were worth.
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And, so the banks started to fail and were losing billions of dollars because of the conditions that existed before the crash. But, the banks never have to worry of course because the Federal Reserve System are bankers also. In fact, they are fellow bankers and they are conducting the same kind of business. So, is it a surprise to anyone therefore that there were to be billions of dollars for the bankers but virtually nothing for the average citizen when he got into trouble? Do you think it is fair that the banks were bailed out of their misery while the lower and middle classes continue to suffer as they do? The point is dear friends that it does not have to be fair when you are in control. The bankers do not care about the average citizenry. Why do you think they pay the excessive wages to their executives so quickly after they were on death's door? They do that because they know whose side the Federal Reserve is on. And, it is not on the side of the average citizen that is for sure. Banks are only interested in making money and profit and not the sentiments of the civilian population. That is just the way things are friends, as I see them anyhow. Talk to you all later.
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