The Greatest Trick the Devil Ever Pulled
You don’t me to tell you that the Federal Reserve Bank is not federal, it’s not a bank, and it has no reserves.
It’s not even American, owned instead by the richest people and banks in the world.
I bet you already know these things.
You know that the Fed writes checks, out of thin air, to buy U.S. Treasury bonds and other assets to keep the economy from collapsing. The money then flows to the biggest banks and into the economy. The Fed then collects interest on the bonds, interest paid by taxpayers.
But sometimes we forget what it means for our freedom.
In 2009, Dr. Ron Paul, former Presidential candidate and U.S. Representative from Texas wrote a book titled, End the Fed. He’s been a critic and opponent of the Fed for years. Paul views the Fed as a quasi-criminal organization, a cartel made up of the biggest private banks in the world.
I had Dr. Paul on The Rich Dad Radio Show, last week and here’s what he had to say: “The main thing and the big picture is, I believe that big government wouldn’t thrive if it didn’t have the Fed. Because it’s a taxing authority and it’s also an authority to control people and grow the government.”
Thomas Jefferson would agree. Way back in the 1800s, Jefferson said, “The issuing power [of money] should be taken from the banks and restored to the people to whom it properly belongs.”
In other words, the central banks, created in 1913 and of which the Federal Reserve Bank is the most powerful in history, have been stealing the future from our parents, our children, and their children’s children.
That theft has now spread throughout the world and fueled the global crisis we face today.
The entire corrupt system will probably collapse, just as the Roman Empire collapsed around the 5th Century.
So when will the house of cards fall?
History Repeats Itself
Mayer Amschel Rothschild, born in 1744 and founder of the Rothschild banking empire, explained the cause of this global financial crisis: “Give me control over a nation’s currency, and I care not who makes its laws.”
In 1971, when President Nixon took the U.S. dollar off the gold standard, it made no difference who made the laws. Republican or Democrat, it made little difference. The bankers of the world took control of the most powerful country in the world, the United States of America.
Yet President Nixon was not the first American to fall to the power of the bankers.
Thomas Jefferson, one of America’s founding fathers, signer of the Declaration of Independence, and third President of the United States, stated:
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that grow up around them, will deprive the people of their property, until their children will wake up homeless on the continent their forefathers conquered.”
Jefferson also warned:
“I sincerely believe that banking institutions are more dangerous to our liberties than standing armies; and that the principle of spending money to be paid by posterity… is swindling futurity on a large scale.”
In 1913, the 16th Amendment to the U.S. Constitution was passed. It gave the federal government the power to assess an income tax on its citizens. The 16th Amendment led to the creation of the IRS, the Internal Revenue Service, and gave it the power to collect those taxes.
It was then, the citizens of the United States lost control over their money. The richest people in the world took control over the soon-to-be most powerful country in the world. A cash heist began with taxes because taxes are how the rich and powerful put their hands into our pockets, via the government they control.
This theft of our future, via the banking families of the world, is the reason I believe we have no credible financial education in our schools. And why parents must fill that void and prepare their children for the financial realities of the future.
This may explain why our government bailed out the mega-banks such as Goldman Sachs and Bank of America and bailed out corporations such as AIG and General Motors, bailouts paid for by the taxpayers. It was not to save jobs. It was to save the rich.
Less than 50 years ago, Zimbabwe was a very rich country, known as “the breadbasket of Africa.” Today, Venezuela is in the same condition as Zimbabwe. Venezuela is also a very rich country, with the largest oil reserves in the world.
Could the U.S. be the next Venezuela?
Here’s what Dr. Paul told me:
I think this bubble is the biggest one ever in our history of the world and it’s not going to be Venezuela or Zimbabwe. I think because the dollar has been so used around the world, even though a little bit less now than it used to be, it has to be liquidated. I believe when we get to this point where debt is subsidized by a Federal reserve, and they just print the money to the tune of trillions and trillions of dollars, that the change has to be liquidation.
In nearly every example, the rich got richer and everyone else lost. The printing of fake money has never ended gracefully.
Obey the Constitution
Back in 1791, Thomas Jefferson was very much against a central bank for the very reasons we are all experiencing today. It was Jefferson who pointed out that the Constitution did not grant Congress the power to create a bank or anything else. He went on to say that even if the Constitution had granted such a power, it would be an extremely unwise thing to utilize because allowing banks to create money could only lead to national ruin. It was not uncommon for Jefferson to compare banking to the dangers of standing armies.
As Dr. Paul sees it:
But the real problem is that the people who are supposed to enforce it are imperfect and they have to yield to the temptation to use the benefits, the special benefits, whether it’s power or money coming from the government and subsidized of course with counterfeit money at the Federal Reserve.
John Maynard Keynes said about debauching our money supply: “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.” In other words, it’s hard to diagnose something you cannot see.
Today, the banks are robbing us of our wealth right under our noses, a hidden theft that is only exposed once you have the education to know what to look for.
Play it smart,
Editor, Rich Dad Poor Dad Daily