Multiple bubbles created by the Wall Street-controlled Fed are popping big-time — trillions of dollars lost.
At a time when US debt exceeds $30 trillion, analyst Nick Giambruno noted that the US hasn’t been debt-free since 1835, adding:
Andrew Jackson was the only US president ever “to pay off the national debt completely.”
He believed that debtors are enslaved to creditors, that independence depends on being debt-free, that indebtedness is a “moral failing.”
Debt-free USA lasted around a year.
Indebtedness has been the American way since then — especially since pre-Christmas 1913 after Congress passed the infamous Federal Reserve Act — what most House and Senate members hadn’t read and wouldn’t have understood if went through it line by line.
Signed into law by Woodrow Wilson, it handed money-creation power to Wall Street in breach of the Constitution’s Article I, Section 8.
It affords Congress sole power to coin (create) money and regulate the value thereof.”
In 1935, the Supreme Court ruled that Congress can’t constitutionally delegate its authority to another body or group.
Yet it happened and remains hard-wired US policy.
Congress and former law professor Wilson defrauded the public.
Knowing full well what he did when too late to matter, he admitted the following:
Control of the nation is “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.”
The US is “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.”
Calling it a “hydra-headed monster (run by) vipers and thieves,” Jackson shut down the Second Bank of the United States — the Fed equivalent of its time.
Before his tenure, James Madison knew about the dangers of putting money power in private hands, saying:
History records that Money Changers used every form of abuse, intrigue, deceit and violent means possible to maintain their control over governments by controlling money and its issuance.”
Jefferson agreed, saying:
“I sincerely believe that banking institutions are more dangerous to our liberties than standing armies.”
“Already they have raised up a money aristocracy that has set the government at defiance.”
“The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”
Lincoln said he had “two great enemies, the Southern Army in front of me and bankers in the rear.”
“Of the two, the one at the rear is my greatest foe.”
Washington in cahoots with Wall Street transfers wealth from Main Street to privileged interests, especially in recent decades.
In his book titled, “Tragedy and Hope,” historian Carroll Quigley explained:
“(T)he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”
According to house of Rothschild founder Amschel Rothschild:
“Permit me to issue and control the money of a nation, and I care not who makes its laws.”
Former Bank of England director Josiah Stamp said:
“Banking was conceived in iniquity and was born in sin. The bankers own the earth.”
“Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again.”
“However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in.”
“But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.”
The Fed is dominant Wall Street bankers by another name.
It’s not federal and has no reserves.
Over a century of money power in private hands lurched the nation from one crisis to another.
When the current one runs its course — what’s unlikely to be short-term — it may turn out to be the mother of all financial crises in US history because of unchecked money printing madness for years.
Giambruno explained that after Jackson shut down the Second Bank of the United States, central banking became so publicly unpopular that “advocates (needed) a new branding strategy.”
Instead of calling a “new central bank the Third Bank of the United States,” they renamed the power of money in private hands “the Federal Reserve.”
Most Americans have no idea how it operates, no idea that it’s been responsible for economic and financial instability, for wrecking economies for profit, for financing perpetual wars, rising consumer debt, along with record budget and trade deficits.
It let the US national debt spiral out-of-control and created an unparalleled wealth gap between privileged interests and ordinary Americans.
As long as private interests control the nation’s money, debt entrapment continues – along with booms, busts, inflation, deflation, instability and crises.
The 1913 Revenue Act reestablished a federal income tax so the public would pay interest to bankers on the nation’s debt.
No Jeffersons or Jacksons are around today to call for returning money power to public hands where it belongs.
In private hands, US national debt spiraled out-of-control to over $30 trillion.
Giambruno explained that earnings at a rate of “$1 per second…would (require) 950,640 years to pay off the current US federal debt” — at its current level.
It’s not static or declining.
Just the opposite.
It continues to rise exponentially every day.
Its enormity inflicts a crushing burden on ordinary Americans — “turn(ing) them into indentured serfs,” Giambruno explained, adding:
The US ruling class “is approaching the financial endgame and can no longer disguise its bankruptcy.”
Fed money printing madness won’t cease.
He and others believe that what’s happening today is prelude for much worse times ahead for most people.
Perhaps dominant US dark forces will shift public attention from economic hard times to waging global war.
Trends analyst Gerald Celente believes things “are headed for an economic calamity the likes of which we have never seen in our lifetime,” adding:
“We are headed to World War III.”
The Biden regime and most congressional members want US preeminence maintained by taking down Russia and China.
Without groundswell support for peace, “we are all going to die in war,” Celente warned.
The quote by Lincoln is Priceless.
Not that it’s terribly important
But one small point.
Hamilton points out in one of the
Federalist Papers .
Some Debt is not a bad thing.
Example: when the Gov sells Treasury notes and bonds
USA is creating Debt.
But it allows a Healthy Government to grow it’s
infrastructure and Economy
Increase it Foreign Reserves.
Lendman has a printable composition on the Federal Reserve from 2009.
“The Federal Reserve” by Stephen Lendman June 29, 2006