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There was never a good reason for the US government to delegate its Constitutional power to coin money and print paper currency, or to create any banking cartel, or to “protect” large banks, or to try to control any boom – bust economic cycles, or to set or control interest rates. Interest, like wages and prices, are best determined by free market forces and the law of supply and demand, as applied to money. Maintaining a stable money supply, keeping the nation’s books in order and up to date and protecting the nation’s treasure is the responsibility of the Secretary of the Treasury, not any private banking cartel to whom that responsibility might be un-Constitutionally delegated. Private banking is not the Constitutional business of government. Controlling the economy is not the Constitutional business of the government. Saving any failing financial entities is not the Constitutional business of the government.
There is no such thing as a financial institution or a private business entity that is “too big to fail.” Never was; never will be. No bankruptcy or other failure of any private enterprise is the responsibility of the innocent American tax payer, and American treasure should not be expended to bail out any business. Government has no proper business interfering with private business, and no private enterprise or cartel of them has any business controlling American national treasure in any way. Any bank that holds American national treasure has a fiduciary responsibility to protect those funds the same as similar funds of any private or public customer of the bank.
At the heart of the matter is the question of whether the American federal government is empowered, instructed and limited by the United States Constitution to govern America, or to run a cartel of private banks.
I submit that Congress violated its own responsibility and the trust of its constituency by simply delegating government authority to coin and print American currency, and it created an unhealthy relationship between “private” banking captains and “public” (government) authority. Nothing good comes from such relationships, which historically typify Fascist government relationships with private industry. The bank(s) involved no longer have bank shareholder, owner or depositor-borrower interests at heart, but submerge those more proper interests beneath “public” (government) interests. At some point it becomes impossible to tell whether the bank manager is a for-profit business man competitively providing services to depositors and borrowers, or just another government bureaucrat answering to a Führer.
The claim that the Federal Reserve exists to “smooth” economic boom-bust cycles is a lie. It is a falsehood. Here’s what I said about it in the 2008 Financial Crisis page:
Actually, I now believe that American neosocialism began earlier, under Wilson, and the Federal Reserve Act was a major part of that transformation. It helped set the stage for the government-induced economic catastrophe of 1929. Shortly after the market crash, which should have been seen as nothing more than a speculative bubble burst, and should have been left alone, the government “took charge” and made things worse. One morning, the blaring newspaper headlines read “President Orders Banks Closed!” Ordering any private enterprise to close should be something beyond the authority of any American President. But, you see, we now had a Fed, and it was virtually owned by the sitting President.
So we had businesses going belly-up, rocketing unemployment, and closed banks. People couldn’t even get access to their savings. They had no income, they couldn’t meet their bills, including their mortgage payments, and they couldn’t even access their own money, because the banks were closed by government order. Which caused more businesses to fail, and more unemployment, and more foreclosures, and more homelessness, and longer soup lines.
(One of Marcie's Uncles had a house under mortgage, and more than enough in a savings account to pay it off. But when the banks closed, having lost his job, he couldn't make payments, nor could he get his savings to pay it off. He wound up losing his house and losing his savings.)
None of it was necessary.
Today, we still have vestiges (vestiges hell, we have monstrosities) left over from that interventionist-era still contributing to future economic calamities. Fannie Mae and Freddie Mac, given life during this era, are alive and well, heavily protected by the sitting government, still making bad loans to people who cannot pay them back, still creating future economic bubbles to burst on into future decades, again and again. These government invented entities exist for the sole purpose of making bad loans. Their true but hidden purpose is to contribute to the eventual destruction of our economy.
Does it make any sense to you that an appointed bureaucrat – a Chairman of the Federal Reserve – should have more oversight and more authority over American government treasure than the American Congress, or than the American Secretary of the Treasury? That’s funny, it doesn’t make a lot of sense to me either.
In my opinion, we never should have gone off of the Gold Reserve, and the Federal Reserve Note never should have come into being. Now, we need to do the work needed to destroy this monster before it destroys us.
That’s my opinion. What’s yours?
Additional food for thought:
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Respond to This Article Below The Last Comment
Date: Thu Oct 20 09:46:57 2011
I don't know which page I commented on the Federal Reserve, but I included a link to a website on Congressman McFadden, that was rabidly anti-Zionist as well as being an anti-Catholic site. If you could remove that link and replace it with this one, it would be appreciated bro. Thank you.
If you are unable, then if you have access to the page, we can perhaps repeat our conversation using the new link?
Date: Sat Oct 22 05:44:49 2011
From: Vic Biorseth
You’ll have to do better than that; there are hundreds of pages on this site. Are you sure it was on this site?
Date: Mon Oct 24 22:13:21 2011
First, the Bible prohibits charging interest to your neighbor, which indicates there shouldn’t be any banks, as Marx said. Second, your pope is calling for a "global bank" which should tell you that he is leading his followers to hell. Who is right between Marx and the pope?
Date: Tue Oct 25 06:51:46 2011
From: Vic Biorseth
Re the Bible and banks:
The Bible nowhere prohibits banks, money lending or interest. What it does is reinforce Christian charity and the Rule of Subsidiarity.
You are not to charge interest to your brother or your neighbor or one who comes to you in need. Unless you are in the business of lending money, you don’t charge interest. This does not prohibit you from making a business deal, in which you put up money for interest; but that is business, not need. Our Lord spoke of it in some of his parables.
When you are in need, you first go to your family; if still in need, you go to your Church or members of the congregation. If still in need, you can always go to the money lenders.
Re Marx and banks:
The only problem Marx had with banks was that he didn’t own them. That’s exactly the same problem Obama has with banks. Marx absolutely insisted on one, big, global bank, with himself or someone like himself in charge of it.
(The Communist Manifesto was written by Karl Marx.)
Marx intended to eliminate all alternatives for the individual, so that he had to depend absolutely on the state for everything. This meant the destruction of the family –
and it meant the destruction of the Church –
Re the Pope and banks:
It appears that Benedict XVI has been bitten by the Communist bug. It remains to be seen how severe the infection might be. Every time a bank fails or begins to fail, somebody gets all horrified and thinks that it must be rescued. Every time a business of any kind is not allowed to fail and is bailed out in some artificial non-business way, the situation gets worse. It is now approaching catastrophic scope for multiple nations.
It is time to stop making it worse and allow banks to fail, even if that means allowing nations to fail. This situation has got to be allowed to straighten itself out. Every time someone tries to save it , the problem is made worse, not better.
Only militant Marxism is gaining ground here.
(Bankruptcy does not mean the end of existence for an entity; it means a reorganization under a renewal agreement of debt and responsibility.)
This is not the first time I have disagreed with this Pope on matters other than faith and morals. See the The Pope on Globalism page.
Friday, March 08, 2013
Converted Page to SBI! Release 3.0 BB 2.0.
Date: Fri Oct
From: Vic Biorseth
Changes pursuant to changing the website URL
and name from
Thinking Catholic Strategic Center to
Catholic American Thinker.
Pulled the trigger on the 301 MOVE IT option June 1, 2014. Working my way through all the webpages. .
Never be lukewarm.
Life itself demands passion.
He who is indifferent to God has already forfeited his soul.
He who is indifferent to politics has already forfeited his liberty.
In America, religion is not mere window dressing and citizenship is not a spectator sport.
Do not allow our common destiny as a whole people to just happen without your input.
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Returning America to the revolutionary High Ideals of the Founding Fathers, and to the formalized Ideology of Liberty that the Framers set down in the Constitution as the Supreme Law of the Land.
The Fixing America Pages
Almost all the rest of this site talks about our problems; these pages talk about how to fix them. Marxist anti-Americanism has advanced so far in even our politics and our own government that we now have to consider super-radical changes just to save the Constitution itself.
The Required Radical American Re-Revolution. Or, Re-Constitution. It took 100+ years to radicalize Constitutional America. It will take a radical re-revolution to bring it back to sanity.
Fixing it all, or, losing it all: the only options left for America. Fixing it all is our only option. If we don't fix it all, we will surely lose it all.
Going whole-Hog on American Constitutional Restoration. It's all or nothing, now. If we don't go whole-hog on Constitutional Restoration, the USA is history.
Constitutional America requires American re evangelization. We cannot revive Constitutionalism without an American re evangelization.
Deep Reconciliation means repentance, confession, absolution and conversion. A Serious, Deep Reconciliation is required of this whole nation, one man at a time.
At this moment in time, most Constitutionalists would love to kill the IRS. How do you Kill the IRS? Fast-track and pass the Fair Tax. Very simple; nothing to it.
Our argument supporting the Fair Tax as a sensible and practical Tax Revolution. Fair Tax presents the possibility of a real, popular, voter-supported, tax payer supported, grass-roots supported Revolution in America, and a radical change for the better.
Fasttrack Fairtax: Stop income tax until repeal of Amendment XVI. Fasttrack Fairtax: Legislate to not collect income tax and pass FairTax.
Argument to Repeal Amendment XVI, the Income Tax Amendment. Repeal Amendment XVI and the very idea of progressively taxing income.
Argument for Repeal of the Federal Reserve Act of 1913. The Federal Reserve Act did not prevent the Great Depression, so why does The FED still exist?
Argument to Repeal Amendment XVII and the Politicizing of the Senate. We need to repeal Amendment XVII and restore our Senate to its original status.
It isn't just Obamacare; we need to kill controlled Health Care. Kill Controlled Health Care to get government and insurance out of the medical transaction.
We need to shut down the dept of education. Shut down the dept of education and cut $77B from the budget.
Argument against Public Education, which is, in fact, Government Indoctrination. Public Education equals State Indoctrination, pure and simple. Education is beyond the scope of government and not what our government is constituted to do.
Are our federal bureaucracies all malignant outgrowths of Marxism? Any extra-Constitutional government agency is likely to be a malignant outgrowth of Marxism.
My Proposed Constitutional Amendment to neutralize the enemy within. A proposed Constitutional Amendment to get anti-Constitutionalists out of power and authority.
The process of becoming a Godless Nation is the sure path to National Insanity. The Godless Nation: Can a totally secularized people even know right from wrong?
Regarding The President We Need, The President We Deserve, and God's Judgment. I can describe the President we need; what we have now is the President we deserve.
Compromise with Evil begins the ultimate death spiral. Compromise on any Vital Principle leads to death, for individual souls and for cultures.
Tolerating intolerance of America is what Americans are being trained to do. In tolerating intolerance of themselves some Americans think they are proving something or other.
Why is this American Christian nation not called a Christian nation? This American Christian nation is oddly referred to as something other than a Christian nation. Why?
Chastity Vs. The Modern World: Signs of a Culture in Decline. Looking more closely at what is REALLY at the heart of American political debate today.
The Chastity Vs Sophistication division: Wisdom Vs Elitist Celebritwittery. 'Naïve' Chastity Vs Sophistication of the Elite. Lechery, promiscuity, perversion are Sophisticated; chastity equates to naiveté. See?
Of Lies and Liars: All the devil's lies, and all the devil's liars cannot make a new truth. He can fool all of the people some of the time, and some of the people all of the time, but he can't fool all of the people all of the time.
Constitutionalism: Sovereign Citizenship and Limited Representative Government. The philosophy that government derives authority from citizens and is permanently limited is called Constitutionalism.
A minority tail furiously wags a majority dog unto death. In bending over backwards to mollify and molly-codle minorities, the majority forgets it is the majority.
The Christ-centered life, the godless life, and the inevitable ungodly life. When any Godly nation moves into godlessness, the inevitable end is an ungodly nation.
American survival requires bold, take it to the enemy leadership. What we need is radical, revolutionary take it to the enemy leadership just for national survival itself.
Undoing the damage and righting the wrongs, wherever possible. Undoing the damage must follow national survival (assuming national survival.)
American Foreign Policy: what it was, what it is, what it should be. Obamunists and Marxocrats turned American foreign policy into an absolute travesty.
Fix the VA by switching all Government Coverage to VA Coverage. Restricting Congress, the Presidency and the Court to Existing Military Coverage should fix the VA pretty quick.
Fix Military Pay by tieing it to Congressional Pay and Raises. Tying Presidential, Congressional, Judicial and Military to One Pay Scale should Fix Military Pay.
Regarding off-duty military concealed-carry of firearms. With Moslem potential Jihadists in our own military ranks, all American military should be armed at all times.
Sheriffs and Veterans and Citizens; Oh My! County Sheriffs and Veterans should together form volunteer Minute-Man like County Militia units of the free citizenry.
Patience. Be not afraid. A Glorious Sunrise is coming. The Son rose on a Sunday, following a Friday Crucifixion. Our Sunrise will come after much suffering; it will come with our reawakening to Truth.
"We belong to the Church militant; and She is militant because on earth the powers of darkness are ever restless to encompass Her destruction. Not only in the far-off centuries of the early Church, but down through the ages and in this our day, the enemies of God and Christian civilization make bold to attack the Creator’s supreme dominion and sacrosanct human rights.”--Pope Pius XII
"It is not lawful to take the things of others to give to the poor. It is a sin worthy of punishment, not an act deserving a reward, to give away what belongs to others."--St. Francis of Assisi
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