“Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50- or 60-point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”
– Irving Fisher, Ph.D. in economics, Oct. 17, 1929
Twelve days later, the stock market crashed. Not all suffered from the great crash. In his book, “The Greatest Story Never Told: Winston Churchill and the Crash of 1929,” Pat Riott brings out some interesting history including the bizarre celebration attended to by over 40 “bankers and master plungers” of Wall Street at the Fifth Avenue mansion of Bernard Baruch, master manipulator of U.S. financial policy during Herbert Hoover’s four years in office.
Way back in 1909, before this history unfolded, an unholy alliance was taking place. G. Edward Griffin’s masterful book, “Creature From Jekyll Island,” is the premier work on how the privately owned Federal Reserve was birthed:
The secret meeting on Jekyll Island in Georgia at which the Federal Reserve was conceived; the birth of a banking cartel to protect its members from competition; the strategy of how to convince Congress and the public that this cartel was an agency of the United States government.
In 1913, a mixture of ignorant and corrupt politicians passed the Federal Reserve Act of 1913. This private banking cartel has been sacking the wealth of this country ever since.
Back on May 23, 1933, Congressman Louis T. McFadden brought formal charges against the Board of Governors of the Federal Reserve Bank system, the comptroller of the currency and the secretary of U.S. Treasury for numerous criminal acts, including but not limited to, conspiracy, fraud, unlawful conversion and treason. The privately owned banking cartel – aka the Federal Reserve – creates inflation, deflation and allows Congress to unconstitutionally spend public funds for which they have no authority: a trillion dollars in social welfare programs, transfer payments to dictatorships in foreign countries, the communistic United Nations, World Bank, Bank for International Settlements and unconstitutional wars.
The Fed is responsible for the destruction of family owned farms in this country – tens of thousands of them:
It is a history of the Fed’s contribution to the destabilization of our domestic economy and the surrogates it uses for these purposes. It is a history of how the Fed launched the great depression at Fort Dodge Iowa in May 1920. I attended this farmer-banker conference as a guest of the Fed and my local banker. It is a history of how the Fed maintained the farm depression during the ’20s, while it was at the same time conducting the “Roaring Twenties.”
– Edward E. Kennedy, author of “The Fed and the Farmer”
In Chapter 9 of “The Secrets of the Federal Reserve,” we find another damning fact on the destruction of the ag industry:
The Senate Hearings of 1923 investigating the causes of the Agricultural Depression of 1920-21 had been demanded by the American people … The final statement on the Federal Reserve Board’s causing the Agricultural Depression was made by William Jennings Bryan in Hearst’s Magazine of November 1923, when he wrote: “The Federal Reserve Bank that should have been the farmer’s greatest protection has become his greatest foe. The deflation of the farmer was a crime deliberately committed.
Of course, Bryan would know about crimes deliberately committed. As secretary of state, on May 31, 1913, Bryan signed the proclamation declaring the 17th Amendment duly ratified and incorporated into the laws of these United States of America. Bryan deliberately committed fraud because he knew without any doubt that the 17th Amendment had not been legally ratified.
Bush’s nomination of Ben Bernanke may have set the market atwitter earlier this week, but it spells the continued meltdown of America’s financial condition. The quintessential work on the mechanics of the central bank and why we face a looming banking crisis that will totally destroy this nation is found in Dr. Edwin Vieira’s “Pieces of Eight.” Congressman Ron Paul recently warned the American people about the looming collapse in his speech, titled “Borrowing, Spending, Counterfeiting.”
Andy Jackson was our last honest president who had the guts to take on the international banking cartel and beat them. The greatest party battle of Jackson’s administration centered around the Second Bank of the United States, a private corporation, but virtually a government-sponsored monopoly. When Jackson appeared hostile toward it, the Bank threw its might and power against him.
“The bank,” Jackson told Martin Van Buren, “is trying to kill me, but I will kill it!” A far more alert American electorate back then rewarded Jackson for his courage. In 1832, he polled more than 56 percent of the popular vote and almost five times as many electoral votes as Clay.
George Bush Jr., like his father before him, serves his global money masters. Instead of continuing to support the rape and pillage of the American people, Bush should have announced it’s high time Congress abolish the Federal Reserve Act of 1913 and return to sound, constitutional fiscal policy. Instead, he has chosen to doom the American people to continued indentured servitude and utter financial ruin in favor of enriching his handlers.