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The Real Purpose of the
(Jan 18, 2007)
Washington, DC – As
economist Antal Fekete stated in Dismal Monetary Science – Forbidden
Research, “The global clearinghouse for
the regime of irredeemable currency” (e.g., our current Federal
Reserve Notes) “is a highly secretive private
company called the Deposit Trust and Clearing Corporation (DTCC). Its
shares are closely held by multinational banks and financial institutions.
DTCC’s turnover in 2004 exceeded $1,000 trillion or
one quadrillion dollars
More than half of this amount was generated by trade in government
securities and foreign exchange or derivatives thereof. In comparison, the
combined GNP of all nations was a paltry $40 trillion. In other words, two
weeks’ turnover was all it took to clear transactions generated by the
production and distribution of all the goods and services devoted to keeping
the population of the world fed, clad, and sheltered for the entire year.
The rest, fifty weeks’ turnover, was just froth whipped up by speculation in
churning the derivatives markets.”
And that, mes amies,
is the real reason for the existence of the private Federal Reserve
Corporation, America’s central bankers: (1) to disconnect the concepts
between money and “receipts for money,” and (2) create irredeemable paper
“receipts for money” out of thin air, loan the fake receipts at interest to
the American public and call it a National Debt, and then collect interest
as the National Debt is paid back to the bankers with American tax money,
which, in essence, represents a clever method by which to redistribute the
capital savings of America to the bankers.
The bankers don’t
care about receiving the principal from the National Debt repayment; it was
created out of thin air anyway. What they really want is the profit from
the interest, which, by law is not audited, and thus can be expended to
purchase global real estate and other real capital goods, including
corporations. This is the same scheme as counterfeiting somebody’s
promissory notes or ownership papers, and redeeming them for real goods.
It’s called robbery or fraud through counterfeited contracts.
Not one person in a
million will ever understand the clever mechanism of this great monetary
robbery of the American taxpayer, and even fewer will care. In fact, you
can be sure the U.S. Congress and American citizens will demand more and
more intervention by the Federal Reserve, the Federal Open Market Committee
(FOMC), and the phony Federal Deposit Insurance Corporation (FDIC) to “save”
them from all the economic horrors that they don’t understand have been
brought to them by the fiat currency manipulators of the private Federal
Reserve. And, you can be sure the private central bankers will be more than
happy to oblige their naive monetary slaves by extending their National
Wallpaper until it simply implodes into a huge Depression, probably war, and
then another FDR-style New Deal to cycle back around again.
solution: gold. All the rest of current economics is simply smoke and
mirrors. – FM Duck
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