Tag Archives: tyranny

No Way Out for the Federal Reserve

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No Way out for the Federal Reserve

No Way out for the Federal Reserve

There is no way-out of here for the Federal Reserve now.

After so much talk of taper (“Taper-Talk”) the Fed finally didn’t follow-through. Why not? Because they cannot. That should be clear to anyone. There is not surprise here.

This is just talk. Schmoozing…Jive-talk…Rhetoric..Lies?

This is the clearest sign yet that Bernanke’s policies have failed. The rollback decision. He knows what’s coming and does not want to be around when it hits – and thus he is resigning (read – “get the hell out of Dodge!”) at end of year.

It is very, very, very simple to understand:

  • Interest rates MUST stay low
  • If not the amount of boring of US Government will bankrupt USA (it is already technically bankrupt)
  • So print money, buy bonds, keep rates low

There is a HUGE problem with this approach – They will either want to stop or be made to stop sometime:

  • They will be made to stop by other countries abandoning “incredible” US dollar (quite simply no longer sound money)
  • They will want to stop to try to restore credibility to the USD currency (not possible when printing 85 Billion USD per month – 1 Trillion USD per year)

When they stop (or the printing press is taken off them) the interest rates will rise.

The house of cards will fall.

© Copyright MMXIII RagingGoldenBull.com

Quote – JP Morgan on Gold

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JP Morgan - Showing uus all that tings don't really change...

JP Morgan himself. Any relation to Cap’n Morgan?

“Gold is Money. Everything Else is Credit”

  • JP Morgan (New York Banker, December 18 and 19 1912)

So there you have it. Straight from the horses mouth.

And what is really interesting here is how this quote came about. This was not some simple quip on the street, or over a glass of wine too many after dinner impressing friends. No Siree!

This my little chums, was delivered straight from the horses mouth to congress when he was being cross-examined by a “special committee” for bank fixing which was going on back then! Or, in their words Appointed for the Purpose of Investigating an Alleged Money Trust in”Wall Street.”

You see back then there was a strong suspicion that the bankers were colluding (Noh say it aint so! Gasp, shock, horror. Not like LIBOR or something?!), and this was called the “Money Trust”. This was before the Federal Reserve, but about the time of the Jekyll Island stuff (see here).

For those interested, I have a transcription of said JP Morgans Testimony right here before the “Bank and Currency Committee of the House of Representatives”. I invite you to notice that Jamey Dimon is much more smug these days (did you know that he is a bubble? So he is not just making the bubbles, he actually is a bubble himself ;.).

Another little bit of bunk – Mr Morgan was almost 75 years young when the Titanic sank. He had his own private suite and promenade deck on the Titanic. He was supposed to join her for her maiden voyage but cancelled last minute, sparing him the fate of many of his other millionaires buddies.

So there you go geezer – “Plus ça change, …” and all that… Things have not changed one bit…

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Video – The Creature from Jekyll Island (G. Edward Griffin)

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This is a must watch video. If you really want to know how we got here, in the financial mess that we are in today, then you need to watch this video and understand exactly how we got here.

The Federal Reserve System is the greatest scam of all history – Because it is NOT:

  • Federal
  • a Reserve (there are no Financial Reserves)
  • a System (it is New York based – with the illusion of National presence)

[videojs mp4=”http://raginggoldenbull.s3.amazonaws.com/video/The%20Creature%20From%20Jekyll%20Island%20%28by%20G.%20Edward%20Griffin%29.mp4″ poster = “http://raginggoldenbull.s3.amazonaws.com/video/CreateFromJekyll.png” height = “360” width = “480”][/videojs]

Mr Griffin sites seven reasons why the Federal Reserve System shoul be abolished:

  • It is incapable of acheiving it’s stated objectives
  • It is a Cartel – Operating against the public interest
  • It is the Supreme instrument of Usery
  • It generates our most unfair tax
  • It encourages war
  • It destabilises the economy
  • It is an instrument of Totaliterianism

It’s long weighing in at 105 minutes – but Mr Griffin is a master public speaker, a diligent researcher, and above all it is highly entertaining piece that everyone should hear.

And know this – You can watch/listen to this video much quicker than it took Mr Griffin the years of painstaking research, or ever to read his weighty tome as the same (which is a MUST read, btw ;-)).

Split it into two parts if you must, or more, but make sure you understand all that is in this great, great lecture.

A closing thougt from Mr Griffin:

Federal Reserve System does not need to be audited…  It needs to be abolished!

 

I hear you Mr Griffin!

Keep stackin’ – FPOW FarleyB

© Copyright MMXIII RagingGoldenBull.com

Quote – Keep Clam and Buy Gold

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Dude - Keep Clam and Buy Gold

RagingGoldenBull_Keep_clam_and_Buy_Gold

Keep Calm and Buy Gold!

Love the Sentiment…Especially as gold prices are sinking (load-up now!). This could be our last great chance to load up on bargain basement priced bullion before prices lift-off (for surely they must)…

More Golden Money Quotes

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Quote – John Adams on Enslavement

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The 2nd president on the United States - John Adams

A wise and learned man from Braintree – that spoke much truth about politics

 

“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.”

— John Adams

Note: there are claims that John Adams never actually said this. Even so, it is a great quote – wish that I had said it … 😉

© Copyright MMXII RagingGoldenBull.com