During fiscal year 2012, $359,796,008,919.49 that had been forcibly extracted from American taxpayers was transferred into other hands. Most of it ended up in the pockets of the global elite. So what did the American people get in return for that 359 billion dollars? Nothing at all. No roads were built, no schools were constructed, no teachers were paid and none of it went to national defense. It was simply interest that was owed on the national debt, and most of it just made the ultra-wealthy even wealthier. But this is exactly what the Federal Reserve system was designed to do when it was created back in 1913. It was designed to get the U.S. government trapped in an endless spiral of debt that would systematically drain the wealth of the American people and transfer it to the ultra-wealthy and the international bankers. When most people think of a "wealth redistribution scheme", they think of a government raising taxes in order to give money to poor people. But the Federal Reserve system works in reverse. Money is taken from all of us and it is redistributed to the global elite. That is why a federal income tax was instituted the exact same (Read More....)
Should we just assume that Barack Obama is going to do everything wrong? Today he renominated "Helicopter" Ben Bernanke for another term as chairman of the Federal Reserve. By doing so, Obama has put his big, fat stamp of approval on incredibly stupid monetary policies that are pulverizing the once powerful U.S. economy into oblivion.
Not that Barack Obama or anyone else in the U.S. government has much control over the Federal Reserve at all. You see, the "Federal Reserve" is about as "federal" as Federal Express is. It is a private central bank owned and operated for profit by the international central bankers that own or control most of the other central banks around the world.
If you do not know this yet, here is a shocker for you.....the currency and the money supply of the United States is not controlled by the U.S. government. It is managed and manipulated by a cabal of elite international bankers in order to make themselves as much money as possible.
Not that Obama ever even pretended that he was going to stand up to these bankers. The instant that he nominated Timothy Geithner (the head of the New York Fed - the most important branch) to be the treasury secretary, it was apparent that Obama was in bed with the international bankers.
But what most Americans do not realize is that the reckless and runaway expansion of the U.S. money supply by the Federal (Read More....)