The Federal Reserve
Donald Trump Said
"If interest rates go much higher
it will destroy the economy"
Don Imus Show on March 24, 2005
By Dr. Ravi Batra - Published May 2005
(see reviews below)
What Is The
Federal Reserve?
Is the Federal Reserve Government Agency?
NO
It Is A
Private Banking System
What is the FED?
The Fed is an independent entity, but is subject to oversight from Congress. Basically, this means that decisions do not have to be ratified by the President or anyone else in the government, but Congress periodically reviews the Fed's activities.
The Money Masters: How International Bankers Gained Control of America
The Federal Reserve is not a government agency.. It is owned by the private money people.
The success of the central banking scheme developed into a far-reaching plan described by Georgetown Professor Carroll Quigley, "to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.
This vast accumulation of wealth concentrates immense power and despotic economic domination in the hands of the few central bankers "who are able to govern credit and its allotment, for this reason supplying, so to speak, the life-blood to the entire economic body, and grasping, as it were, in their hands the very soul of the economy so that no one dare breathe against their will." A worldwide tyranny is gradually being imposed, hidden to most, by THE MONEY MASTERS.
The FED, Introduction
Federal Reserve - Board of Governors
Statistics: Releases & Historical Data
Federal Open Market Committee
The Mechanics of Inflation
The FED Under Attack
Google Search - Is Alan Greenspan A Hack?
Read newspaper articles about Greenspan's poor performance as an economist -- "flip-flopping" on important economic issues.
"Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy" By Dr. Ravi Batra, Published May 2005.
Reviews "Here, finally, is the dark truth about Alan Greenspan. In this chilling exposé of one of the most powerful men of our time, Ravi Batra reveals Greenspan for who he secretly is: An ideologue who has waged war on the American Dream and imperiled the world economy. Greenspan's Fraud is a terrifying book."--David Callahan, author of The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead "As always, his economic arguments are expressed elegantly."-- Publishers Weekly
"Ravi Batra is one of the world's most controversial economists. Beneath the surface of his often contentious conclusions lies a deeper source of the controversy. He does not accept one of the most fundamental fallacies of modern macroeconomic theory--the assumption that macroeconomic policy has no distribution effects.... Professor Batra turns this oversimplifying assumption upside down.... [W]e cannot and should not ignore him..."--William A. Barnett, Oswald Distinguished Professor of Macroeconomics, University of Kansas and Editor, Macroeconomic Dynamics
Secrets of the Federal Reserve
The Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate. From November, 1910, when the conspirators met on Jekyll Island, Georgia, to the present time, the machinations of the Federal Reserve bankers have been shrouded in secrecy. Today, that secrecy has cost the American people a three trillion dollar debt, with annual interest payments to these bankers amounting to some three hundred billion dollars per year, sums which stagger the imagination, and which in themselves are ultimately unpayable.
The Money Masters: How International Bankers Gained Control of America
The Federal Reserve is not a government agency. It is owned by the private money people. The success of the central banking scheme developed into a far-reaching plan described by Georgetown Professor Carroll Quigley, "to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.
This vast accumulation of wealth concentrates immense power and despotic economic domination in the hands of the few central bankers "who are able to govern credit and its allotment, for this reason supplying, so to speak, the life-blood to the entire economic body, and grasping, as it were, in their hands the very soul of the economy so that no one dare breathe against their will." A worldwide tyranny is gradually being imposed, hidden to most, by THE MONEY MASTERS.
The Myth of the Independent "FED" by Thomas J. DiLorenzo (1997)
Taxpayer-Funded Lobbying: The Fed also uses its privileged position-and especially its multi-billion dollar slush fund generated by interest income on open market purchases-to lobby. Its preferred method is to pressure member banks, which it regulates, to lobby for it. It also recruits a small army of academic researchers, who benefit from Fed research grants, visiting appointments, and invitations to conferences at exotic locations, to testify on its behalf at Congressional hearings.
The Witness
The first witness to be called is Abraham Lincoln. He warned, "I see in the near future a crisis approaching that unnerves me and cause me to tremble for safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic destroyed.
Congressman McFadden's shocking indictment was moved to the Committee of the Judiciary. It still awaits reporting (61 years later) to the House floor to impeach both former and present members of the Board of Governors and the Federal Reserve Banks for criminal conspiracy against We The People of the United States of America.
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes
Federal Reserve Protest
To reinvigorate democracy we must liberate ourselves from the control of money and special interests. Liberty begins by reducing the power of the Federal Reserve.
We demand that the Fed be stripped of its independence and made accountable. The Fed should conform to the American Democratic principle of checks and balances--policy setting should be separated from supervision. The Fed should set policy with the best interests of all Americans in mind. No more bailouts!
The Creature from Jekyll Island A Second Look At The Federal Reserve
by G. Edwayd Griffin
This book is about the most blatant scam of all history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity.
Where does money come from? Where does it go? Who makes it? The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money -- Updates to Creature.
Also see: Meet Edward Flaherty, Conspiracy Poo-Pooist
The Fox does audit his Hen House (1999)
However, the GAO does NOT have complete access to all aspects of the Federal Reserve System. The Federal Banking Agency Audit Act of 1978 stipulates the following areas are to be excluded from GAO inspections:
(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items.
Secrets of the Temple by William Greider (1989)
How the Federal Reserve runs the country.
Misconceptions Regarding the Federal Reserve by Author Unknown
"Government often promotes the goals of small special interest groups to the detriment of the public at large. the result is that the politician (backed by big bankers money) will support the special interest program, even though that program may not be economically desirable from a social point of view!" (101 Economics-Textbook McConnell)
I agree the Federal Reserve Banks are not responsible for the over three trillion dollar national debt directly. Congress uses the Federal Reserve as a credit card or a crutch and their chicken hearted attitude towards tax increases to pay for their enormous spending programs have provided them another way to buy votes back home.
They simply pass the costs onto future generations and the working people get taxed through paying interest on the debt Congress creates.
The international bankers love this because they get billions of dollars of unearned interest from the taxpayers.
Economics Reporting Review (5/25/2001)
The article ignores the view of many economists that Greenspan erred in trying to slow growth with higher interest rates, when the more real problems were the unsustainable bubbles in the stock market and the dollar. Greenspan could have attempted to attack the stock market bubble directly by raising the margin requirement for investors who buy stock on credit. This would have slowed stock purchases and presumably would have prevented the market from becoming quite so over-valued.
What next for the FED?
Detractors speak out: But Mr Greenspan and his Federal Reserve have their detractors.
Analysts have been critical of the Fed's decision a year ago to hike interest rates.
It is a decision Michael Holland, chairman of Holland & Co, says has brought the country to the brink of recession.
Indeed the over-tightening of monetary policy has led to two surprise moves by the Federal Reserve to cut interest rates in order to spur consumer spending.
Disinformation - The Federal Reserve System
There are those who argue that the Federal Reserve was created in 1913 to function as nothing less than a tool of economic conquest aimed at making bankers and selected politicos rich while keeping the vast majority of the population poor, stupid, and easy to control.
Center on Budget and Policy Priorities
In testimony before the Senate Budget Committee on January 25, Federal Reserve Board chairman Alan Greenspan argued that allowing the government to hold private assets would risk "sub-optimal performance by our capital markets, diminished economic efficiency, and lower overall standards of living than would be achieved otherwise." (1) Chairman Greenspan expressed concern that public ownership of private assets would introduce dangerous political interference in our capital markets.
How The FED Fooled Farmers by Jay Habegger
Why are so many American farmers in financial trouble? Individuals who confine discussion to nonrecourse loans, marketing orders, or target pricing will uncover only part of the answer. Evidence indicates that government intervention in the money supply, popularly called monetary policy, is responsible for many of the financial woes of agriculture.
The Maestro Slips Out Of Tune by The New York Times (6/6/2004)
Greenspan is still a figure of enormous prestige and power; he is to economic policy what J. Edgar Hoover once was to law enforcement. After 17 years as Fed chairman, Greenspan has become an icon, and it's hard to imagine America without him; indeed, last month the president nominated him for a fifth term. Yet his reputation is not what it once was. At the height of the boom, he was the monetary maestro whose advice was sought on many aspects of economic policy. Now his record as a monetary leader has been called into question, and his judgment on fiscal policy has been proved disastrously wrong. Worse, he seems to have abandoned the long tradition that places the Fed above the political fray.
The Maestro Changes His Tune by Representative Ron Paul, MD (2/22/2005)
Dr. Ron Paul is a Republican member of Congress from Texas.
It's not enough to question the wisdom of Mr. Greenspan. Americans should question why we have a central bank at all, and whose interests it serves. The laws of supply and demand work better than any central banker to determine both the correct supply of money in the economy and the interest rate at which capital is available - without the political favoritism and secrecy that characterize central banks. Americans should not tolerate the manipulation of our economy and the inflation of our currency by an unaccountable institution.
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