Federal Reserve Prints More “Money”; Let’s Return to Scene of the Crime: Jekyll Island

Wipe Away that 'Quantitative Easing'Media Monarchy reports:

The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.

The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression. [Which they engineered. Don’t forget that. The FED/Banksters do nothing by accident — that would make me an “accident theorist.”]

The U.S. central bank said it would buy about $75 billion in longer-term Treasury bonds per month. It said it would regularly review the pace and size of the program and adjust it as needed depending on the path of the recovery. In its post-meeting statement, the Fed described the economy as “slow”, and said employers remained reluctant to add to payrolls. It said measures of inflation were “somewhat low.”

Read More on Media Monarchy via [redacted] news

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  • Simiantongue

    Ok I’ve never read The Creature From Jeckyll Island because I think Griffin is a nut. There has always been something I was curious about though. The teabaggers always seem to be shills for privatization. But in the case of the Federal Reserve, where our money system is privatized, they are against it. Seems rather contradictory. If anyone knows anything that might enlighten me.

    • http://www.ContraControl.com/ Zenc

      I’m not a Tea Partier, but I do have sympathies with a few of their positions, so I’ll hazard an answer. However, I’m no apologist for them and I certainly don’t want to open up some sort of legal debate, so just take what I say as a starting point to go off and do your own research on the subject.

      Article 1 Section 8 of the U.S. Constitution enumerates Congress’ power to coin money and regulate the value thereof. Taken with the “Vesting Clause” of Article 1 Section 1, it seems to indicate that Congress is not allowed to delegate this power.

      The Federal Reserve, being some Quasi-Governmental body that’s more closely aligned with the Executive Branch than the Legislative, thusly gives some people heartburn.

      On the same note of internal inconsistencies, I’ve often wondered why I have such a hard time getting my Libertarian friends to understand that corporations exist by govt fiat, and so are inherently government produced forces of market distortion. They just don’t seem to want to hear that…

      • Siminatongue

        Thanks Zenc.

  • Simiantongue

    Ok I’ve never read The Creature From Jeckyll Island because I think Griffin is a nut. There has always been something I was curious about though. The teabaggers always seem to be shills for privatization. But in the case of the Federal Reserve, where our money system is privatized, they are against it. Seems rather contradictory. If anyone knows anything that might enlighten me.

  • http://www.ContraControl.com/ Zenc

    I’m not a Tea Partier, but I do have sympathies with a few of their positions, so I’ll hazard an answer. However, I’m no apologist for them and I certainly don’t want to open up some sort of legal debate, so just take what I say as a starting point to go off and do your own research on the subject.

    Article 1 Section 8 of the U.S. Constitution enumerates Congress’ power to coin money and regulate the value thereof. Taken with the “Vesting Clause” of Article 1 Section 1, it seems to indicate that Congress is not allowed to delegate this power.

    The Federal Reserve, being some Quasi-Governmental body that’s more closely aligned with the Executive Branch than the Legislative, thusly gives some people heartburn.

    On the same note of internal inconsistencies, I’ve often wondered why I have such a hard time getting my Libertarian friends to understand that corporations exist by govt fiat, and so are inherently government produced forces of market distortion. They just don’t seem to want to hear that…

  • Ironaddict06

    Right the Federal is a Private Banking system. Originally the Treasury Department printed and controlled the money. Look at money pictures during w.w. 2 or before and you’ll notice TREASURY DEPARTMENT at the top of the bill. I’ll give you a quick over-view of how the Federal Reserve works, and then you can research these if you’d like.
    1. At birth everyone is issued a Birth-Certificate. This is actually a bond. Every American is a corporation. Find some older B.C. and look for the word Bond or BankNote, and notice that the B.C. says it’s an offical copy of the original.
    2. Once a state has registered a Certificate of Live Birth it is then filed in Washington D.C with the Department of Commerce under Federal Children Department established by the Shepherd/Townsend Act of 1922
    3. The Department of Commerce notifies Treasury Department-which takes out a loan from the Federal Reserve. The Treasury uses the loan to purchase a bond (the Fed holds a purchase money security interest in the bond) from the Department of Commerce, which invests the sale proceeds in the stock or bond market. The Treasury Department then issues Treasury securities in the form of Treasury Bonds, Notes, and Bills using the bonds as surety for the new securities.
    You are the new security.
    4. The Birth Certificate is the government’s self-created document of title for its new property — you and me!
    5. This “corporation” then generates taxes and wealth over its lifetime and in this way repays the collateral that Uncle Sam borrowed from the Federal Reserve.
    6. This cycle is based on the future tax revenues of the legal person whose name appears on the Birth Certificate. This also means that the bankrupt, corporate U.S. can guarantee to the purchasers(CHINA, JAPAN, ANY COUNTRY) of their securities the lifetime labor and tax revenues of every citizen of the United States/American with a Birth Certificate as collateral for payment. This device is initiated simply by converting the lawful, true name of the child into a legal, juristic name of a person.
    Now you see why Illegal-aliens(from any country) will never be taken seriously? Now you see why the Founder Fathers knew why the U.S. gov’t must control its money?
    7. Legally this should be called indentured servant to the various Federal, State and local governments via your STATE-issued and STATE-created Birth Certificate.
    8. A Birth certificate (registration of birth) is nothing more than a Contract. Did they tell you you were signing a contract? Legally you can’t sign a contract until your 18. Did you know you didn’t have to register the birth? Unfortuantely for most they have most of us in lock step with the Uniform Commercial Code and the law of contracts.
    I hope this helps

  • Ironaddict06

    Right the Federal is a Private Banking system. Originally the Treasury Department printed and controlled the money. Look at money pictures during w.w. 2 or before and you’ll notice TREASURY DEPARTMENT at the top of the bill. I’ll give you a quick over-view of how the Federal Reserve works, and then you can research these if you’d like.
    1. At birth everyone is issued a Birth-Certificate. This is actually a bond. Every American is a corporation. Find some older B.C. and look for the word Bond or BankNote, and notice that the B.C. says it’s an offical copy of the original.
    2. Once a state has registered a Certificate of Live Birth it is then filed in Washington D.C with the Department of Commerce under Federal Children Department established by the Shepherd/Townsend Act of 1922
    3. The Department of Commerce notifies Treasury Department-which takes out a loan from the Federal Reserve. The Treasury uses the loan to purchase a bond (the Fed holds a purchase money security interest in the bond) from the Department of Commerce, which invests the sale proceeds in the stock or bond market. The Treasury Department then issues Treasury securities in the form of Treasury Bonds, Notes, and Bills using the bonds as surety for the new securities.
    You are the new security.
    4. The Birth Certificate is the government’s self-created document of title for its new property — you and me!
    5. This “corporation” then generates taxes and wealth over its lifetime and in this way repays the collateral that Uncle Sam borrowed from the Federal Reserve.
    6. This cycle is based on the future tax revenues of the legal person whose name appears on the Birth Certificate. This also means that the bankrupt, corporate U.S. can guarantee to the purchasers(CHINA, JAPAN, ANY COUNTRY) of their securities the lifetime labor and tax revenues of every citizen of the United States/American with a Birth Certificate as collateral for payment. This device is initiated simply by converting the lawful, true name of the child into a legal, juristic name of a person.
    Now you see why Illegal-aliens(from any country) will never be taken seriously? Now you see why the Founder Fathers knew why the U.S. gov’t must control its money?
    7. Legally this should be called indentured servant to the various Federal, State and local governments via your STATE-issued and STATE-created Birth Certificate.
    8. A Birth certificate (registration of birth) is nothing more than a Contract. Did they tell you you were signing a contract? Legally you can’t sign a contract until your 18. Did you know you didn’t have to register the birth? Unfortuantely for most they have most of us in lock step with the Uniform Commercial Code and the law of contracts.
    I hope this helps

  • Siminatongue

    Thanks Zenc.

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