The Federal Reserve

While Canada might not be going down in the sub-prime fiasco that plagues our southerly neighbour, we do share one thing in common that is as detrimental to us as it is to them: A Central Bank. Our forebears sought to warn us of the dangers of these institutions, but in modern times we have forgotten to learn from history.
It is important to have a look the Federal Reserve as a model that can instruct us in the concept of central banks in general. There is nothing Federal about this institution, it is 100% privately owned and the owners’ names are kept secret. And it has no real reserves, unless you call a printing press or the click of a mouse, with the capability to make money out of nothing, reserves.

Most people think that these matters have nothing to do with their everyday lives, when in reality there is no other institution that affects them more directly in their everyday lives. The Federal Reserve, in conjunction with Wall Street (or what I like to call the speculative market), act as a siphon in the pockets of the productive. Your wealth is vacuumed up by these institutions, and it is nothing less than the fleecing of the productive by the unproductive.

"The American people are crazy to think that a privately owned institution like the Federal Reserve will ever function in the public interest. The Fed operates behind an iron-curtain of secrecy to protect the interests of its primary constituents; the parasite class... This explains what Thomas Jefferson meant when he said, Banking establishments are more dangerous than standing armies." Mike Whitney

Forget the war in Iraq, study the only thing that matters to corporate heads and politicians: money. If you know how it works, you will understand every political intrigue in the history of the world.

Read The Creature from Jekyll Island by G.Edward Griffin

Read Obama's Speech on Wall Street on Monday

Watch The Dow Jones Illusion

Get a copy of In Debt We Trust by director Danny Schechter