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[igotthisguitar]

SECRETS OF THE FEDERAL RESERVE



Table of Contents

Chapter One Jekyll Island 1

Chapter Two The Aldrich Plan 10

Chapter Three The Federal Reserve Act 16

Chapter Four The Federal Advisory Council 40

Chapter Five The House of Rothschild 47

Chapter Six The London Connection 63

Chapter Seven The Hitler Connection 69

Chapter Eight World War One 82

Chapter Nine The Agricultural Depression 114

Chapter Ten The Money Creators 119

Chapter Eleven Lord Montagu Norman 131

Chapter Twelve The Great Depression 143

Chapter Thirteen The 1930's 151

Chapter Fourteen Congressional Expose 171

Addendum / Appendix I / Biographies / Bibliography / Index

http://www.apfn.org/apfn/reserve.htm

[ontheway]

For a simpler explanation of the mechanisms described in the aforementioned book, see the movie:

"It's a Wonderful Life" with James Stewart

specifically, George Bailey's speech to the crowd during a run on his Savings and Loan. ... Don't you see, Potter's buying... wish I could remember the exact quote.

Actually, many private citizens saw what was happening and got rich during the depression by what would be now described as a contrarian investment strategy.

It's hard to prove all the conspiracies alleged, but whether incompetence or conspiracy, one thing's clear, when you give power to the government, like the Federal Reserve System, the people lose. The fact that private interests profit from the Fed only confuses the point. The creation of the Fed could only be undertaken by the Government, it has been a disaster and the people have been duped and screwed.

We need a truly laissez-faire, free market money system based on gold (or other commodities as demanded in a free economy).

The Federal Reserve started the great depression as a recession. The stock market crash was caused by the Smoot-Hawley tariff law and FDR's famous programs turned the recession into the resulting Great Depression. WWII did not get the US out of the depression because of government spending as the Keynesians would insist, but because the government was so busy with the war that the economy became freer, despite rationing, and the people worked their way out.

[Bulsajo]

Dear God!!
He's posted THE TABLE OF CONTENTS!!!
Oh, The humanity!
The horror, the horror!

[On the other hand]

I like how the cartoon narrator looks like the scruffy-haired nutter who corners you at the bus station and starts rambling on about "the people who really run things".

[Bulsajo]

I was thinking it looked like a Jack Chick picture...

Now THAT is something I'd like to see:
Jack Chick (and his corny Christian fundamentalist antiquated cartoon-style) collaborating with Jeff Rense and David Icke.

http://www.chick.com/catalog/comics/0101.asp

http://www.rense.com/

http://www.davidicke.com/

[On the other hand]

[Bulsajo]

Geraldo would make a great frontman for the group- he'd give it an air of respectability...

[igotthisguitar]

[igotthisguitar]

13 families effectively control the central banks
by slave Monday, Apr. 10, 2006 at 8:52 PM

NEW WORLD ORDER

http://en.wikipedia.org/wiki/Fractional_Banking

thirteen families effectively control the central banks of all the hard-currency countries. These "control banks" all practice FRACTIONAL RESERVE BANKING, which is perfectly legal in the US. Fractional reserve banking means that the bank is only required to hold on hand the small fraction of money (5%) that is needed to cover the fraction of deposits likely to be drawn upon and cashed. Moneys deposited in accounts go into a reserve upon which credit can be issued.

In the US credit can be issued to seven times the reserve, in international banks (off shore establishments) twenty times the reserve can be issued as credit. It is important to understand this concept in order to understand the larger picture.

http://www.indybay.org/news/2006/04/1814452.php

[dogbert]

Is there anyone who actually thinks that the money you deposit in the bank actually just sits there year in and year out waiting for you to withdraw it?

[Gopher]

Are you actually suggesting that if you wanted to withdraw it, it actually wouldn't be there?

[dogbert]

[Gopher]

[deleted]

[ontheway]

There is a difference between the savings and loan business and fractional reserve banking involving demand deposits.

In the savings and loan business, which is how people think of banks (as in "It's a Wonderful Life), lending institutions borrow money in time accounts and then lend that same money out to borrowers and investors to buy houses and expand businesses. The banker in this case borrows money and lends the same money. The money is borrowed and loaned one time. The banks owners provide capital for the banks facilities and for a fund to maintain liquidity. This is an honest business that does not expand the money supply or create inflation. It involves the banker making a very slim profit by borrowing from "depositors" in time accounts (at say 3% or 4%) and lending to borrowers and investors (at maybe 5%, 6%, ?% depending on the risk of the loan).

In fractional reserve banking, banks borrow money in demand accounts which are not held for long periods of time, lending the money again and again as it is redeposited in more demand accounts, maintaining a small percentage for liquidity. When government central banks "buy" government bonds, they create money which they deposit in banks. (The government can print actual bonds or just create them as accounts in cyberspace. The Fed in the US, creates money the same way, with keystrokes, depositing it in member banks.) This money is then loaned, deposited and loaned again continuously with the banks maintaining a fractional reserve as required. This allows the government to use the banks to expand the money supply and create inflation. Inflation is a tax the robs the people. The banks play along, because this system allows them to make large profits on other people's money. They get they money first and make their profits before the inflation hits. The banks get rich and the government cheats the people.

The average person is illiterate in economics and has no clue about what is happening. It is the government that is stealing their money through inflation. Inflation is a tax caused by government increasing the money supply. Instead of just "printing" money on paper, they expand the money supply by printing the money on computers. They just create the new money digitally. They print bonds and buy them. Central banks perform this role for the government. The fractional reserve banking system helps to hide it from the people. If government stole money the old fashioned way (printing paper notes) the people could see it. They would scream to make it stop.

[igotthisguitar]