Submitted by Tyler Durden on 08/23/2012 14:55 -0400
Central Banks
Purchasing Power
Submitted by Prometheus
Economic Deceivers And Propagandists
Bernanke, Ben
Obama, Barack (plus economic team)
Bush, George W. (plus economic team)
Romney, Mitt (plus economic team)
Clinton, Bill (plus economic team)
Rubin, Robert
Cuomo, Andrew (plus economic team)
Rubio, Marco (plus economic team)
Dimon, Jamie (as rep of TBTF banks)
Ryan, Paul
Dudley, Bill
Schumer, Chuck (as rep of TBTF banks)
Geithner, Tim
Sulzberger Jr., Arthur
Greenspan, Alan
Summers, Larry
Hubbard, Glenn
Volcker, Paul
Krugman, Paul
Wolf, Martin
Murdoch, Rupert
Zoellick, Bob
(and many others)
Accusations of intentional deception by the representative list above (US only) are made consistent with the presumption that each on the list explicitly or implicitly holds one or more of the following views:
Fractionally-reserved banking systems, in which banks may legally issue unreserved credit to private sector borrowers and central banks may legally create new unreserved currency with which to purchase newly-issued public sector debt, is sustainable without ultimately destroying the purchasing power of that currency (through the necessary future administration of monetary inflation)
Nominal output expansion, even if engineered through further unreserved credit expansion, is always in the public interest
The spectrum of current public fiscal, monetary and bank regulatory policy debates are all-inclusive and comprehensive with regard to the potential structuring and execution of US economic policies, and are in the best interest of the majority of the US’s factors of production
Public monetary and bank regulatory policy debates should not be determined solely by considering long-term domestic economic issues, but should also include broader matters of state including shorter-term trade, fiscal and military considerations.
Endorsing or enacting policy assuming any of the above to be true strongly suggests the sponsorship of centrally managed economies and markets.
The purpose of the list is to expose current partisan debate as corrupt and off-point.
Economic policy makers across the political spectrum, including some commonly labeled “extreme” by more centrist politicians, are unwilling to acknowledge that fractionally reserved banking systems are the true source of the past generation’s credit build-up, the economic malaise it necessitated, the growing economic hardship it is creating, and the inescapability from deteriorating economic conditions through conventional policy means. The list challenges American policy makers to publicly identify and make illegal fractional-reserve banking, and further challenges them to lead the world in adopting sound money and credit practices that returns economic power to global economic actors following commercial rather than financial incentives.
To qualify for the representative list above, individuals must: 1) have a public profile; 2) have demonstrated explicit past or potential future influence over fiscal, monetary or bank regulatory policies; and 3) have the intellectual capacity to internalize and willingly choose to execute or endorse economic policies framed improperly to the public without attempting to correct public perception.
ONE comment,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
TruthInSunshine
TruthInSunshine's picture
Money As Debt: What "money" is & why bankers own the earth under current system
"Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when the speak in condemnation of it." - Woodrow Wilson, President of the U.S. 1913-1921.
"U.S.A.'s balance of payments deficits is so strong and irreversible, that we must accept that at some future date there will be a run against the U.S. Dollar. Probably the kind of disorderly run that precipitates a global financial crisis." - Paul A. Samuelson, Nobel Prize Winner in Economics, year 2005.
"The government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the tax payers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity. - Abraham Lincoln, assassinated President of the U.S.
"Whoever controls the volume of money in our country is absolute master of all industry and commerce . . . and when you realize that the entire system is very easily controlled one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." - James A. Garfield, assassinated President of the U.S.
"The process by which banks create money is so simple that the mind is repelled." - John Kenneth Galbraith, Economist
"Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile . . . Once a nation parts with control of its credit, it matters not who makes the nation's laws . . . Usury once in control will wreck any nation." - William Lyon MacKenzie King, former Prime Minister of Canada (who also succeeded in nationalizing the Bank of Canada).
"We are grateful to the Washington Post, the New York Times, Time Magazine, and other great publications whose directors have attended our meetings and respected the promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But the world is now more sophisticated and prepared to march towards a world-government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the National auto-determination practiced in past centuries." - David Rockefeller, in an address to the Trilateral Commission meeting, 1991.
"Only small secrets need to be protected. The big ones are kept secret by public incredulity." - Marshall McLuhan, media "guru"
In 1913, the struggle for a better monetary system was lost when President Woodrow Wilson signed the Federal Reserve Act, giving the privately owned international banking cartel the power to create the United States money. Later, Woodrow Wilson stated: "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 U.S. 1913-1921.
"Fiat money is the cause of inflation, and the amount which people lose in purchasing power is exactly the amount which was taken from them and transferred to their governments by this process." (G. Edward Griffin, "The Creature from Jekyll Island")
"A fiat monetary system allows power and influence to fall into the hands of those who control the creation of new money, and to those who get to use the money or credit early in its circulation. The insidious and eventual cost falls on unidentified victims who are usually oblivious to the cause of their plight. This system of legalized plunder (though not constitutional) allows one group to benefit at the expense of another. An actual transfer of wealth goes from the poor and the middle class to those in privileged financial positions." (Congressman Ron Paul (R-TX), "Paper Money and Tyranny")
"When the President signs this bill [converting to a fiat-money system], the invisible government of the monetary power will be legalized . . . the worst legislative crime of the ages is perpetrated by this banking and currency bill." (Charles A. Lindbergh, Sr. 1913)
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." (Paul Warburg, drafter of the Federal Reserve Act)
"Permit me to issue and control the money of a nation and I care not who makes its laws." (Mayer Amschel Rothschild)
"Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly." (Fifth plank of the Communist Manifesto, 184
"Ideologically, [sound money] belongs in same class with political constitutions and bills of rights." In the name of civil liberty and civilization itself, the Fed should be abolished. (Ludwig von Mises).
Senator, Warren G. Harding, who was elected to the Presidency in 1920, said in a 1921 Congressional inquiry that the Reserve was a private banking monopoly. He said: "The Federal Reserve Bank is an institution owned by the stockholding member banks. The Government has not a dollar's worth of stock in it." His term was cut short in 1923 when he mysteriously died, leading to rumors that he was poisoned. This claim was never substantiated because his wife would not allow an autopsy.
In 1993, Senator Bob Kerrey promised to support President Bill Clinton's Budget Plan, if Clinton would appoint a Committee to study the condition of the American economy. The President established a 32-member bipartisan committee and in August, 1994, they issued their report. According to the committee's findings, by the year 2012, unless drastic changes are made, we won't even be able to pay the interest on the national debt. Knowing this, the federal government has allowed the trend to continue, almost as if they're trying to run our economy into the ground. It seems obvious that the destruction of the American economy will eventually be a result of trying to keep people in deep debt, and financially enslaved.
In a letter to Edward M. House (President Woodrow Wilson's closest aide), dated November 23, 1933, Franklin D. Roosevelt said: "The real truth of the matter is, and 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."
"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." (Daniel Webster)
"All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." (John Adams)
"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 (1883-1946).
Login or register to post comments
http://www.zerohedge.com/news/economic-deceivers-and-propagandists?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 
