Today is the day that Americans will meet their fate. Is the US government going to take over 1/6th of the economy by socializing health care?
We will find out soon. I’m betting this one will end up just like the bailouts, because you see the corporate media has been making a huge splash on this diversion.
When President Obama’s Stimulus package went into effect early this year, the Federal Government set up Recovery.gov as an act of transparency. This website has given the ordinary citizen the ability to check where their tax money and future obligations are going.
This list includes $1,257,183 given to the 8th, 9th, 12th, and 19th congressional districts of Alabama saving 52 jobs. Now how is this possible? Is this just another 1.25 million dollars that is going to end up in the abyss that is Montgomery Alabama?
I am thankful that this administration has been transparent on this issue of where our money is going, but where is the outrage over the mismanagement of it? Why has the media kept quiet on this? Is it an error in the system or has this money just been handed off to someone? This leaves a lot of questions unanswered, and hopefully we will get the answers.
Today’s discussion will be on currency. Typically in the Federal Reserve system there are 2 different forms of currency. Currency in which you see, the dollar bill that is in your pocket, and the currency you keep in the bank, which is only numbers stored on a hard drive.
Whenever you open an account at a bank, you hold yourself at risk of losing your investment to a certain point. Such as not banking with an FDIC establishment and FDIC Bank Reserves are low and can not account for all money inside the bank’s accounts.
However, this issue I want to show you today is a controlled example on what happens to your money once it enters the banking establishment.
I will never be equal Dr. Paul’s understanding this subject, even though I am a student of Austrian economics. I will just never match his understanding.
I need to get the book soon, possibly off Amazon.
Tomorrow I shall be back, on the subject of the actual currency and how it works in the marketplace.
I felt that is was necessary to include before I dive into the overview. Dr. Ron Paul’s sentiments ring true here; inflation is a tax upon the people of which they will never see. That is, until they go to the grocery store and notice that milk is near $5 a gallon when it was normally $2.80.
Jekyll Island was a prominent island for wealthy businessmen and elites to conjure during the 1800s up until its purchase by the State of Georgia in 1947.
In reality, Jekyll Island was the all exclusive club for the wealthy. In which, peons such as you and I would never been able to visit during that time period. However, something sinister was bore from the island, and it’s wretched tentacles have to to disembark from this country.
Now that we have covered the previous central banks, lets get into the precursors of the Federal Reserve Act of 1913.
The Panic of 1907 was meticulously designed. Out of a failure to corner the market on the stocks of United Copper, the banks who funded this push and associate banks were subjected to a run on the banks.
Wikipedia states that “The panic may have deepened if not for the intervention of financier J. P. Morgan, who pledged large sums of his own money, and convinced other New York bankers to do the same, to shore up the banking system. At the time, the United States did not have a central bank to inject liquidity back into the market.”
In my own understanding, I read this quite differently, as J. P. Morgan had much to gain out of this ordeal.
From today until September 30th, I am going to spend every day reporting my research on the Federal Reserve. In response to my disgust, I am going to fast to bring light on this important issue in our country. I am putting my own body on the line as a response to what I feel is corrupt and needs to be abolished.
For today’s Lesson on the Federal Reserve, I want to set up a timeline of events prior to the Federal Reserve Act of 1913. Read the rest of this entry »
This is some of my own raw footage from last night when Bachus was doing a meet and greet. The gentleman in front of me did an exceptional job on asking about how 550 billion USD disappear in 2 hours. This shows how clueless Spencer Bachus is, and he’s the RANKING Minority member on the House Financial Services Committee.
At about 2:14 you’ll see my jab about ENDING The Federal Reserve, and getting brushed off when I stated we need to remove the fiat currency and get out of our markets. His only reply was that he was the one that got Ron Paul on a Subcommittee and that they don’t have the votes. You’d think that some of these people who cosponsored the Audit the Fed bill would at least doing something.
It seems interesting that since the Democrats can not muster up the support for the Socialism Healthcare Bill, they will try to misdirect attention from it by diverting it to a race relations case. The sad thing is, it worked. It’s going to continue to work because the intellect of this country has taken a nose dive. You know, your tricks don’t fool me, I can cut right through a planted question that came from a journalist in your hometown of Chicago, Illinois.
The real problem is this, government involvement lead to what we have now. Insurance companies and hospitals that charge outrageous sums of money for care. For the government to do this is demeaning to he common American. Then to turn around and say that reforming the health care industry is the only way to fix our economy is out right blasphemous. To “reform” a health care system that is already broken by government involvement, to say at the least. isn’t going to fix the wheel.
How about this for an idea. Get rid of all insurance companies, and allow the citizens local banks to offer a tax-free Health Savings Account. Allow the citizens and healthcare providers to find common ground and work a deal toward paying for the healthcare expense. Adding Socialism and Government Involvement between a citizen and doctor is not going to help the citizen get the care that he and his family needs.
This current administration seems to be wanting bring in corporate fascism to this country, and is doing a good job at it. Shame that they would never let someone like me in that conference room. I would most certainly ask some real questions about the economy. Like the connections between Bailout money and the group of people who chose Timothy Geithner to head up the NY Federal Reserve. Just read this slate article.
