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Vic Biorseth, Saturday, May
As prologue to understanding where this latest government pre-planned economic catastrophe is going and why, it might be best, if you haven't read it, to read Repealing the FED Act, and then to read the Original Government Induced Financial Crisis.
We all need to understand how President Woodrow Wilson was behind the evil invention of the extra-Constitutional and outside-the-government FED, and how the FED played a major role in causing and prolonging and feeding the Great Depression. And in getting economic control of America into extra-government hands. It helped to cause, and contributed mightily to the Great Depression that very nearly economically destroyed us as a nation.
And then it took undeserved public credit for easing and ending it.
When nothing could be farther from the truth.
Fort Knox is the only "Federal Reserve" national bank we ever needed.
How, exactly, to get out from under this monster may beyond my limited knowledge and abilities to say, but this much is certain: it must be done. Yet, it is a very dangerous project to undertake.
First, there is all the un-publicized but obviously existing fraudulent "Virtual Money" involved.
We know that there is not, and cannot possibly be, enough printed American currency to cover all the "digitized" imaginary currency brought into imaginary being through all the "QE" (Quantitative Easing) programs.
And we know that there is nowhere near the amount of money existing on earth to come anywhere near our monumental and exponentially growing national debt and unfunded liabilities.
That money is simply not in the banks.
Nor is there anywhere near the amount of money in the banks to cover our own federally insured and federally guaranteed private bank accounts.
Nor is there anywhere near the amount of money in the banks to cover federally guaranteed mortgage loans made through Fannie May or Freddy Mack, or to cover the unconstitutional government monopoly on the Student Loan Program.
It just ain't there. Face it.
Our problem is, to even begin the process of bringing the printing, minting and controlling of our own currency back under our own constitutional government will require, first, calling in the whole Federal Reserve organization for an accounting.
Just calling for an audit, in and of itself, to find out what "our" banks (but they're not really our banks) are holding of ours, could cause them to take actions that might bring about an American if not global economic catastrophe.
Well, don't look now, but it still has to be done, somehow.
I don't know how to do it, but there may be others who could do it with minimal economic damage to a still surviving nation. Names like Thomas Sowell and Walter Williams come immediately to mind.
The goal of the project is to get whatever there is out of the Federal Reserve Banks and back under the exclusive control of a Constitutionalist Secretary of the Treasury. And to bring the mints back under Treasury control.
Simpy nationalizing the Federal Reserve Banks probably wouldn't do it, because private depositor money is mingled with public money in those banks. We can't just suddenly take people's deposits from them, nor can we have Treasury turn into a private banking system and take fiduciary responsibility over private accounts in a federal bank.
But we have to stop this. The FED is destroying us as a nation.
If we are ever to return to a status of national and international economic trustworthiness, we have to begin from a basis of actual reality. We need to know what we have, and what we owe.
Long term, we need to return to Milton Frieman's Monetary Policy, or Monetarism, whereby the quantity of money is controlled, while interest rates are left strictly alone, to float with the natural laws of supply and demand for American currency. Treasury should be controlling only the minting and printing of money.
Friedman recommended annually printing enough money to cover natural - not unnatural - growth of the American population, but not to exceed some limit, perhaps between 2.5% and 4% of the amount of currency in circulation.
Thereby, inflation would approximately match natural population growth.
Government should have no more interest and no more power to control interest rates than it should have to set minimum or maximum wages or income or profits or savings or private property of any kind. Those are and should be private matters, not public.
Establishing a new starting point, once we know what we have and what we owe, might mean changing our currency altogether, and drop the "Federal Reserve Note" in favor of something else. "United States Currency" might work.
Something more worthy of trust than of scorn.
I am no economist, but the writing is on the wall, and even I can read it. We are cruising toward economic disaster, and not facing it only makes it worse. We absolutely must take action, and sooner than later. The ugliness of the fight to come should not dissuade us from the fight. It simply must be done. There is no other way.
Let me leave you with the words of Jefferson, which, although they were addressing actual physical war, are absolutely applicable to any socio-political-economic war, as well. It is not only our national trust that is on the line here, but our very national survival.
Smart-Assed Acronym Hover-Link Footnotes: For the convenience of those readers using devises that lack a mouse, these footnotes are provided for all webpages, in case any webpage contains any hover-links. (If you don't have a mouse, you can't "hover" it over a link without clicking just to see the simple acronym interpretation.)SLIMC1 Secularist Liberal Intellectual Media Complex
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