Why our country is really in debt… ce: Jon Tucker
I’ve heard many reasons why we as a country are in debt. I’ve heard some sound reasons, and I’ve heard some pretty crazy ideas, but none gets to the root of the problem. The real threat to our economy, has been, and will always be, the Federal Reserve. Yes the Federal Reserve, most people think it’s run by the federal government. Well in this article you will find it to be exactly the opposite.
First off we’ll look at the history of the Federal Reserve. On December 23rd 1913, the Federal Reserve Act was voted into law by congress. Most members of congress were not present due to the holiday weekend, giving the pushers of the Federal Reserve Act virtually no resistance to passing the bill. Woodrow Wilson was the one that finally signed it into law, finalizing the act.
Once the control of money went into the hands of private bankers, we were in debt. You see what the Federal Reserve does is charge so much for each currency printed, which the U.S. pays. Also the Federal Reserve gives us loans that we have to pay back. Which is where we owe most of our national debt. This is a little crazy, we (the U.S.) pay someone to print our money, charge us. If we take out a loan, which is our own money, we have to pay it back. Where does this make since?
We’re are quickly turning into a country of credit, and the Fed is more than welcome to loan it to us. Problem is these private banks aren’t looking out for us when it comes to controlling this money. Mayer Amschel Rothschild said “Give me control of a nation’s money and I care not who makes the laws”. This is a very bold statement, but sadly it is true. With the control of a nations money, you now have control of their military and political leaders. When you control those things what else is there to stand in your way?
Our dollar is no longer backed by gold or silver like it once was, which in turn caused our dollar to significantly drop in value. Not only does the Fed have control of our money but also interest rates it charges banks to borrow from them. That trickles down and affects a lot of things, especially when it comes to loans from the banks.
Woodrow Wilson, towards the end of his term, even apologized for signing the Federal Reserve Act, calling it the greatest mistake of his presidency. Wilson wasn’t the only one that warned us about a central bank, or bankers controlling the countries money. People like Thomas Jefferson, Andrew Jackson, John F. Kennedy, Senator Henry Cabot Lodge, Congressman Ron Paul, etc. These were men of power, influence, and intelligence. All of them warned us, but no one is listening. I highly doubt that it’s not because people don’t care, I believe it’s their (bankers of the Federal Reserve) hold on the media that won’t allow the information to get to the people. Everything in media these days is fabricated. You’re never getting the full truth.
If we as a country ever plan on getting out of this financial hole, and back to having a powerful dollar again, we need to get rid of the Federal Reserve, and stop spending more than we take in. A country of credit doesn’t last; we need real things backing our dollar. I say we take a stand, get together, and push our elected officials to get rid of the Fed and put the control of money back to the people’s hands. Lets not leave a country full of debt to our children; instead let’s leave them a country of wealth.
Here are some quotes from Woodrow Wilson and others about the Federal Reserve.
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.” –Woodrow Wilson, President of the United States
“Whoever controls the volume of money in any country is absolute master of all industry and commerce.” – James A. Garfield, President of the United States
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford
“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.” – Franklin Delano Roosevelt, President of the United States
“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than beaurocracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.” – Abe Lincoln, President of the United States
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.” – Thomas Jefferson, President of the United States
