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10 Things That Every American Should Know About The Federal Reserve

What would happen if the Federal Reserve was shut down permanently? Most Americans don’t really think about the Federal Reserve much. Most Americans are content with believing that the Federal Reserve is just another government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. In fact, far from it. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. If you don’t believe that your not listening. The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve. The following are 10 things that every American should know about the Federal Reserve…. #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful The Federal Reserve has become so powerful that it is now known as “the fourth branch of government”, but there are less checks and balances on the Fed than there are on the other three branches. The Federal Reserve runs the U.S. economy but it is not accountable to the American people. We can’t vote those that run the Fed out of office if we... read more

Bitcoin Is A Game Of Confidence

Meet the new Wolf of Wall Street: Bitcoin, the anonymous computer currency. And boy do we mean anonymous. Let me make sure we got this right. We have a virtual currency, backed by absolutely nothing except the fierce belief in the integrity of a complex mathematical formula which few of its proponents even understand, and is proving to be little more trustworthy than the U.S. dollar, after hackers tested and defeated controls put in place to manage it, and then fail at the first hurdle. Yeah, that sounds about right. Repeat after me… Bitcoins are not money. The market value of one Bitcoin has gone from about $2 to $1,000 in a year. Seriously? This virtual currency was created out of thin air and is being managed by people, whom we don’t know, and nobody is supervising them. In their defense, how can we supervise them, we don’t know who “they” are! So one must ask if there isn’t a very big risk that the ‘creators’ could disappear with all your money. No, they would never do that to us would they? “Virtual currency like Bitcoins are innovations that deserves great caution, given the lack of any guarantees and responsible parties to back them in the longer term or evidence that this isn’t just another Ponzi scheme.” In reality, Bitcoin creators are faceless and anonymous and you have no idea if they are cyber-criminals or well intentioned people who are looking out for you. As far as I am concerned, Bitcoin is just another tool, another penny stock, another empty shell company. In the fall of 2011, bitcoin was at $2. By November 2013 it had risen to more than $1,000! If that’s a currency, those bitcoinians must be some productive citizens. A currency built by hackers and anonymous code-writing anarchists offers a pretty weak alternative to our current monetary system. But if you saw the movie, you know that “wolves” lure the unwary in, let them feed and grow comfortable for a while – and then the wolves pounce. “If you don’t hold them in your hands, you don’t own them!” When you buy Bitcoins, you own a piece of a trust – you do NOT own any actual metal. You cannot trade your shares in for actual gold coins. In a crisis situation or Bitcoin collapse (remember Mt Gox), all you have in your hands is a piece of paper saying you own a share of Bitcoin.... read more

How safe is your money if your bank gets hacked?

The FBI is looking into the reported cyber attack on JPMorgan. Earlier this week, many reports surfaced that one of the worlds largest bank was just one of seven major American banks reportedly hit by hacking attacks. JPMorgan is saying no accounts were compromised and that no personal data was taken, but would they really tell us the truth? It’s a very disturbing to say the least. If your credit card information is stolen, you can call the credit card company and explain to them them it wasn’t you making the charges and it’ll be fixed. But if someone steals your bank account you’ve got major problems. All bank accounts are insured by the FDIC (Federal Deposit Insurance Corporation), but that will only cover you if the bank fails. Your deposit insurance protection does not apply in the case of theft or fraud. When you deposit your money in the bank, you are giving the bank permission to use it. And trust me, they do. If that bank fails then the FDIC kicks in and hopefully you get your money back. This is not always the case. Just look at Cypress or any other country where their monetary system has collapsed. Right now, there looks to be more questions than answers when it comes to the recent banks attacks. How many customers data has been stolen? How long did hackers have access to the banks systems? Most times, a hacker simply needs to access your primary email account to have full access to your life. Online banking and other companies like Paypal will send a lost password to your email account. By requesting a lost password from your banking site, the hacker (who also has full access to your email account) has full access to your accounts. Whenever possible, use a separate email account for your bank account and personal emails. And, to protect yourself from identity theft, use these simple Internet safety tips: 1. Never use the same password twice. For instance, your bank password should not be the same as your email password. Use a unique password for each site. 2. Opt for a hard to guess password that does not include any details from your personal life. Never use part of your social security number or name as part of a password. Store your passwords offline on a written form. This will reduce the temptation to use a simple password. 3. Don’t share personal details like... read more

How Long Can the Fed Have It Both Ways?

Fed officials have begun tapering. The flow of freshly printed cash flooding into the markets to buy Treasuries and mortgage securities has dwindled from more than $80 billion per month to a “mere” $25 billion. Fed bond purchases using newly created money appear likely to end altogether. (But Fed officials have not suggested they would sell the trillions of dollars in bonds they now hold.) Interest rate hikes could be coming. Partly in reaction to this shift in Fed policy, the dollar has strengthened, and the precious metals markets have struggled to move up. But some market movements are difficult to explain. Record equity market valuations and lower Treasury yields don’t make a lot of sense if the flow of newly printed Fed cash is coming to an end. Markets are famous for being irrational. There are plenty of examples of counterintuitive moves persisting for some time. But we don’t think investors should expect the current dichotomy to last forever. The strength in the market for U.S. Treasuries is perhaps the most bizarre. Prior to tapering, the Fed bought more than 80% of all new issuance. Some rightly wonder how the central bank could now prevent bond yields from rising as needed to attract replacement buyers. Perhaps all is not quite as it appears. About the time the Fed implemented the first round of tapering, a mysterious new buyer suddenly appeared on the Belgian-based Euroclear clearinghouse. This buyer filled the enormous demand void left by the Fed. The surge in holdings is attributed to Belgium itself in the reports, but don’t be misled. The tiny nation is simply where Euroclear is based, and the real buyer remains a well-guarded secret. The secret buyer of U.S. government debt may well be the European Central Bank in cooperation with the Fed. It is also quite possible our privately held and unaccountable central bank is working with some other proxy. The market-manipulators at the Fed can certainly create the illusion of buyers clamoring to buy Treasuries at epic low yields — even if they can’t have it in reality. The Fed is all about psychological manipulation. Are you awake Yet? Stay in touch and get more insights with the America’s Great Awakening Newsletter. To sign up click... read more

The Corrupt Banking System Explained By a 12 Year Old

Does 12-Year-Old Victoria Grant understand more about our banking system than you? Victoria Grant is the 12 year old Canadian girl who was brave enough to stand in front of the Public Banking Institute conference in Philadelphia and tell the audience, full of bankers, why banks really suck. The nub of her confident analysis is that banks are screwing Governments as well as customers, and since customers also pay taxes to service national debt, banks are screwing them twice over. There is no doubt we need a better system where “We The People” have authority over our own money. Watch or read what Victoria Grant has to say about banks. Although she is talking about the bank of Canada, the U.S. is in the same boat. News flash, the whole world is under this same system. [Victoria Grant Speech] You can watch the video or scroll down to read the speech. [Transcript] Have you ever wondered why Canada is in debt? Have you ever wondered why the government forces Canadians to pay so many taxes? Have you ever wondered why the bankers from the largest private banks are becoming wealthier, and the rest of us are not? Have you ever wondered why the gross national debt is over $800 billion dollars? Or why we are spending $160 million dollars a day on the interest of the national debt? That is $60 billion dollars a year! Have you ever wondered who receives the $60 billion dollars? What I have discovered is the banks and the government have colluded to financially enslave the people of Canada. I will share with you three important points of reference which will hopefully spark enough interest and concern for you to continue the research on your own and to engage your government to stop this criminal act against the people of Canada. First, we will briefly examine the Bank of Canada. Second, we will see how the banking system works today. And lastly, I will offer a viable solution that we can petition our government to implement. A very little known figure in Canadian history is Gerald Grattan McGeer. He was a lawyer, a Member of Parliament and Mayor of Vancouver. His contribution to Canada is probably one of the greatest in our history. He championed the creation of the National Bank of Canada whose sole purpose is to create and manage Canada’s money. It was formed on July 3rd, 1934 and owned by all... read more
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