No. 106 – September 22, 2011

THE REAL REASON FOR THE FED

I know, I have written about the FED before and my disdain for this illegal institution has not changed one iota.

Stick with me on this one.  It will be somewhat convoluted – but I assure you, once I am done – you will finally get the WHOLE picture.

But let me go back a little – about 600 years – and show exactly why the FED was established in the first place.

When Columbus “discovered” America, King Ferdinand and Queen Isabella of Spain wanted to know the significance of such a far flung land that nobody had ever seen – not to mention heard of.

Columbus was reported to have said, “There are enough trees to build your majesty a 1000 ship Armada.”  (The Spanish Armada).

That was enough for the King and Queen of Spain.

Fast forward to the Founding Fathers – most of whom had a hatred of any concept of a Central Bank controlled by secret, private investment bankers – who were responsible to no one but themselves.

That means secrecy would reign supreme – and there would be no audits of the money whatsoever.

George Washington was averse to ANY foreign involvements – least America get sucked into the petty, political skirmishes that Europe has ALWAYS been immersed in – even to this very day.  He wanted to avoid all such entanglements.

Thomas Jefferson knew the REAL reason that European Elites wanted to control our economy.  The IMMENSE POWER and UNBELIEVABLE WEALTH that America afforded – to help Europe keep up its wars and to FINANCE the Old World with the Gold and other abundant Natural Resources of the New World.

Andrew Jackson was adamant against the Central Bank and their criminal designs on America – for the benefit of Europe – at the expense of America and the American people.  Jackson was threatened with death many times for his stand on this subject.

Abraham Lincoln was totally against a FED and many suppose that his assassination had a lot to do with his steadfast refusal to go along with the milking of America – for the benefit of Europe.

John Kennedy was ready to abolish the FED when he was assassinated.  Many believe, to this day, that European operatives had a hand in his death – thus preserving the roll of this insidious institution.

Oswald and Jack Rudy were nothing but ploys – as was Castro.  We will never know the true story.  And just to make sure – the Warren Commission Report on the assassination of JFK was sealed – and guarded 24 hours a day – for 99 years.  That is real, unabashed POWER.

Remember, when Woodrow Wilson actually agreed to the establishment of a Central Bank, he later confided to friends that this was the biggest mistake of his life – bigger than involving America in World War I – a European War.

So, against the warnings of such prestigious American Presidents – the FED was established – and continues to this day.

Washington and Jefferson both warned that a Central Bank could, in essence, bankrupt America.

Jackson, Lincoln and Kennedy said the same thing.

In 1913 the FED was established – as was the Federal Income Tax (IRS) – to fund the political and economic agendas of Europe – not America.

We are precariously  near the financial collapse that our Founding Fathers so adamantly warned us against.

YES, KLEPINGER – YOU HAVE FINALLY GONE NUTS!

Not quite.

America, against the advice of Washington, established the FED – and we were drawn into both World War I and World War II.  How could George Washington known this would happen – over 200 years ago?

The answer is simple.  Washington was well aware of the immense POWER and WEALTH of the European MONARCHIES – and the lengths they would go to in RETAINING that power.

Some of the oldest monarchies in the world STILL reside in Europe – England being one of the biggest and oldest.

They still have Monarchy gatherings at secret places in Europe once a year.  Secret meetings!

And these monarchies relied on such powerful families as the Rothchild Family and other very well connected groups to fund their monarchies.

And where were these monarchies and families to get this financing?

From the New World.

Enough trees to build a 1000 ship Armada.

Enough Gold to sink ships on their way back to Europe with their greedy habit of OVERLOADING their cargo holds.

Imagine, SHIP LOADS of gold.  So much gold that many of the vessels sank to the bottom of the ocean.

And that is just the tip of the FED.

One caveat – and this is an important one.

Many people mistakenly blame the Jews – and the Rothchild Family in particular – as the brainchild of this complete misappropriation of American wealth.

But that is a ploy of giant proportions.  It is another attempt to blame the Jews for everything.

Are the Jews completely innocent?  Of course not.  Nor are the other denominations involved.

They a just a PART of the monarchy puzzle – the European Monarchy Puzzle.

Over the years, other countries’ leaders have come into the fold, and have supped at the trough of American largess, American goodwill – and American naive stupidity.

I know you are probably tiring of this, so at this point I will cut to the apparent facts that few, if any, readers are remotely aware of.

All of the below information was sent to me by a very good friend and reader of The American Telegraph.  Thanks Naida!

If any of this information is not accurate, please write to the Blog on The American Telegraph and tell us all what the real story is.

But as far as I am concerned this is true – and has been verified.  Please let us all know if you find out otherwise.

I confess that I do not know who the writer of this information is, but it is startling nonetheless, since much of this is a matter of the Congressional Record.

I take no credit for this information and would like to have the names of the people who wrote this – so they can receive proper accolades.  I am just reporting what was given to me.

Here is what I received:

“The first ever GAO audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an Independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the House bill (HR1207), so that a complete audit would not be carried out.

Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage.

sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

What was revealed in the audit was startling:

$16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments.

The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.

Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious.

The American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.

To place $16 trillion into perspective, remember that the GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is only $14.5 trillion.

The budget that is being debated so heavily in Congress and the Senate is only $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.

In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars.

As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion.

The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.

When you have conservative Republican stalwarts like Jim DeMint (R-SC) and Ron Paul (R-TX) as well as self identified Democratic Socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left.

When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.

Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and supercorporations like Halloween candy.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows:

Citigroup: $2.5 trillion($2,500,000,000,000)

Morgan Stanley: $2.04 trillion ($2,040,000,000,000)

Merrill Lynch: $1.949 trillion ($1,949,000,000,000)

Bank of America: $1.344 trillion ($1,344,000,000,000)

Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)

Bear Sterns: $853 billion ($853,000,000,000)

Goldman Sachs: $814 billion ($814,000,000,000)

Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)

JP Morgan Chase: $391 billion ($391,000,000,000)

Deutsche Bank (Germany): $354 billion ($354,000,000,000)

UBS (Switzerland): $287 billion ($287,000,000,000)

Credit Suisse (Switzerland): $262 billion ($262,000,000,000)

Lehman Brothers: $183 billion ($183,000,000,000)

Bank of Scotland (UK): $181 billion ($181,000,000,000)

BNP Paribas (France): $175 billion ($175,000,000,000)”

WHO HAS HEARD ABOUT THIS?

As stated earlier, that was was sent to me.  Please let me know if you have other information to substantiate this information.

If this is true, it is beyond comprehension why this is NOT the NUMBER ONE platform of any candidate running for President.

But wait – there is ONE person who has tried to wake us all up:  Ron Paul.

And the corrupt WORLD MEDIA is trying to make sure that he NEVER gets the nomination, much less be elected as the President of the United States of America.

If that happens, word is out that his fate will end up exactly like that of Presidents Lincoln and Kennedy.

This group of ultra secret – UNELECTED BANDITS – will stop at nothing.

This fact of the FED bankrupting all of America should be brought up at every political gathering, every political debate and every discussion with our “representatives” every day – until the FED is finally – and completely abolished FOREVER – along with the Internal Revenue Service.

I repeat – abolished.  Not amended or “fixed.”

ABOLISHED!

THE ELECTORAL COLLEGE

I have never liked the idea of the Electoral College.  It has always been a puzzle to me that our Founding Fathers would establish such an institution – when considering their profound desire to establish a free, democratic Republic.

But that is what they did – along with excluding American Indians and women from voting altogether, African Slaves (a portion thereof devised as a fraction for voting purposes of their owners) and also persons who did not own sufficient land.  Basically, white male, landed gentry, were the only ones who were allowed to vote in the early years of the Republic.

Of course, all of this has changed over the centuries but the institution of the Electoral College still remains.

In theory, when this group meets in December of Presidential election cycles, they can cast their votes for whomever they want – although precedent has, for the most part – seen electors vote as the people voted, thus “confirming” the next American President.

I have always felt that the original writers of the Constitution were not completely convinced that WE THE PEOPLE could really be trusted with electing our own President – and wanted to have a “safety valve” just in case some “unfit” person were to rise to the presidency.

That being said, and my abhorrence of this institution fully noted, it is still the situation as we know it today.

Another reader sent me this information and I wanted to pass it along to The American Telegraph readers for your own information and enlightenment.  Thanks, Gerrit!

If you are so inclined, and wish to see how the system really works, I suggest that you click on to the link below and avail yourself to this Constitutional invention.

For those of you who are not fully aware of how it works it will be a real eye-opener.

When you tie in the FED – the IRS – and the Electoral College – together in one big, red, white and blue bow – you will discover how free WE THE PEOPLE really are NOT.

http://electoral-vote.com/

Remember, November 2012 is just around the corner – and Hillary is peeking around that very same corner.

If she enters the race (as I predicted about a year earlier than Rush Limbaugh) the whole game will change.

We are just in the first innings of the Presidential Race of 2012.

Until next time, keep thinking positive and never give up.

Best wishes,

Lawrence Klepinger
Editor/Publisher
THE AMERICAN TELEGRAPH

 

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Comments:

9 Responses to “No. 106 – September 22, 2011”

  • John Says:

    I agree!! Silent Majority is those who do not not Vote!

  • Jim Simpson Says:

    Spot on as usual, question is are the people running the fed, the irs and the media, (all the same bunch of folks I suspect) all too powerful a group. Can politicians who recognize who and what these organizations are get elected, and can they survive long enough to effect a change once in office. It is difficult when you do not know who all the players are. The ownership of the Federal Reserve is not disclosed anywhere, we can only guess who these powerful people with “enlightened self interests” are. Not meaning to go negative here but I believe that there are very many heads on this animal. Thanks for being one of the people sounding the alert Larry. If enough people know about this then this secret back room way of doing business can not continue to exist. Clearly this is a world wide problem.

  • Paul Says:

    Nicely done Larry. To anybody who is interested in the history of our current central bank (The “Fed”) I recommend picking up a book called “The Creature from Jekyll Island – A Second Look at the Federal Reserve” – The author goes in depth into everything you just wrote about. Its a real eye opener.

  • Steve Topper Says:

    The current Federal Reserve was created by J.P. Morgan and a few cronies in 1900 with one purpose in mind — protect the big banks from undue competition to ensure their survival. Apparently it has been very successful. We now have four giant mega-banks in Chase, Bank of America, Citibank, and Wells Fargo. Of course, these four banks have had bank charters for many years. They were recently joined by Goldman Sachs and a few other Wall Street firms so they would qualify for bank bailout money in 2008 — money provided by the Fed. Yet, its the four original mega-banks that provide the vast majority of retail and business banking services to the masses today. Ron Paul is correct — we should abolish the Fed and the sooner the better. Hey, did you know Ron Paul is running for president? You wouldn’t know it from listening to the corrupt main stream media. Great issue Larry — keep them coming.

  • Andrea Says:

    Ron Paul is an anti-semite, he does not support the military and some of his policies are dangerous. The electoral college was established to make it fair for each state, having equal stakes in the elections. I don’t know if there will ever be another “fair” election in America. Too much is tainted and corruption is bone deep and has been allowed to breed for 100 years. The Federal Reserve was enacted in 1913 by Woodrow Wilson, a progressive. To sum it up in America, there are no honest, loyal, honorable government officials. Republicans and Democrats are one party and they are deceitful liars.

  • David Klepinger Says:

    Those who have heard of the FairTax and have done their due diligence are aware of the fact that its passage would go a long way toward fixing the problem, that being the fact that the U.S. Government is funded by the sweat of American workers, and to a much lesser extent, American investors. It is those who spend money, legitimately, as the vast majority of us must do to survive, that should be funding this economy. This includes those who earn their living in any of the myriad underground economies, as well as visitors to our shores, and especially those living in this country illegally. The FairTax alone would take so much power away from the Imperial Federal Government that they would be forced to comply with our needs, as opposed to the current situation in which we are held hostage to the insatiable appetite of an 800 pound gorilla that just keeps getting fatter at our expense.

  • Terry Montonye Says:

    Nary a mention of Alex Hamilton and his justification for a bank of America — to defeat the British in the bond market vice the battlefield while enhancing state power and facilitating commerce — discredits any basis for any argument of this sort.

  • joe winstead Says:

    Hello Larry-

    An extremely thought provoking and very interesting article. Few really know of how much power the Fed actually holds over the American economy. And therefore over We The People.
    It’s interesting to note that the Fed paid the Federal Treasury Department last year over 46 billion dollars. Yet they bought over 300 billion in T-bills to finance our deficit spending.

    When this house of cards hits the table, I think the Weimar Republic will look like a better bet.

    Regards,

    Joe

  • Terry Says:

    IMO the fed was started to provide a very slick means of implementing a private tax, by converting a portion of the taxing power of the govt to private use.

    I suspect that back in the hey day of lazzie faire free enterprise and no income taxes the super rich industrialists controlled all the cash, or most of it anyway, and there was really no national debt either. The reason they brought, or is it bought, the fed res into existence was to protect their estate. What they did was lend money to the govt but charged the govt a tax, oops a fee called interest, for lending the govt money that the govt had the power and still has that power to put money into circulation. The power is established in the Constitution.

    I am not suggesting that the money belongs to the govt since no one “owns” money. Having money is not a right, but the money you have in your pocket is yours, until you spend it or have to give it to the govt in the form of taxation. Then you do not have it so it is no longer yours. Everyone, including corps, school districts, etc. can only possess money temporarily. An interesting feature of govt is the govt is a collection of fearless spenders, perhaps this is because they use money to indirectly buy votes, loyalty and they get money without working for it, w/o a good sales force, and they, each level of govt has a 100% market share franchise. And in the case of America they used to sell a very fine product, Constitutional govt with certain political freedoms for all. Recently they have sunk to the level of a banana republic type govt where they think they are above the law and are not restrained by sound judgement or even a shred of self discipline when it come to spending. They are addicted to spending. This situation came about because the Constitution is a political document and places political restraints on elected officials, and these restraints were honored and accepted by our elected officials. However, the Constitution really does not address financial restraints on our fed govt and elected officials. And of course O and his form of liberal govt has just capitalized on this situation big time! The biggest defect of our current financial crisis, and maybe in europe as well, is that elected officials have no personal responsibility for the money they spend. Our ND was and is created so the taxpayers, not elected officials, are responsible to pay it down to zero, which is what it should be because the govt has the power to put money in circulation and it does not need to borrow from a banking cartel. And the fed res is a cartel since it is a collection of at least 12 owners, the twelve district banks and no telling who else shares in the interest pie collected via the ND.

    IMO the ND is essentially the legally authorized amount of money to put put into circulation. When the limit is first set by congress it has not been reached but as congress/the prez keep on having deficts they eventually the point that they can’t create and spend any new money. It works just like your personal credit card, which has a limit, except the ND is a limitation, adjustable by congress, the addicted spenders themselves. You can’t call your credit card company and demand they raise your limit if you max out your card. Another big flaw in the ND concept is we have to pay taxes to pay for their spending, while if you buy a new car, you have to pay the debt on that and all your purchases. I do not have to pay off your debts. Only my own.

    So, the fed res, the banking cartel, the banking empire is actually operating a debt economy, not a cash economy, and this is true with the european financial crisis as well. All Americans are essentially financially enslaved now to the banking cartel. Instead of OPEC, we are saddled with an OBCI. An Organiation of Banks Collecting Interest, from the govt.

    Money. From whence does it come? It comes from the govt, but through the banking cartel. It does not come from the “economy”. The economy only determines who has the money created by govt, not how much is allowed to be in circulation.

    My recommendation to put the fee for putting money into circulation monkey on the backs of our elected officials is to have a variable authorized amount allowed that would be interest free. Then if congress budgeted an amount over the legal limit, they they personally would be required to borrow money from some source to pay for this excess spending and of course pay their own debts.

    This scheme will not be possible for some 60 to 100 years as the current ND has to be eliminated, by driving he ND to zero. This will restore freedom to America.