Federal Reserve Exposed on Prime Time TV w/ G. Edward Griffin

[Shami-Amourae]

I know a lot of you guys aren't big fans of Glenn Beck, but this is probably the most legitimate episode Beck has ever done, completely exposing the system to the sheeple. They even mention the Rothschilds and give G. Edward Griffin equal footing/presentation time.

Part 1:
http://www.youtube.com/watch?v=yaPWXOxyyQM

Part 2:
http://www.youtube.com/watch?v=uAoQue50X_w

Part 3:
http://www.youtube.com/watch?v=WwAyR5iiQ3I


____________________________

UPDATE:
Found a full version:
http://www.youtube.com/watch?v=ZmW3ytfhZ9M

[keehah]

This is certainly a milestone in the timeline of any awakening, seeing that book get so much fair and balanced airtime on mainstream TV.

Part one: The Federal Reserve Note is a Ponzi scheme that inflates then collapses because a gang of private bankers got in up front and wrote the Nation's banking rules in secret to make money from nothing.

[Antonio]

What`s next, Rush doing 911 truth and Hannity laying it out about the ZOG?

[sunnyandseventy]

What`s next, Rush doing 911 truth and Hannity laying it out about the ZOG?


Oh goodness! Thanks for the laugh! ;D

[Twisted Titan]

The End is near........

LITTERALLY

Griffin is the preeminent voice on the History of Elite and how they rule through the Machinations of Usury,Capital Reserve Lending and Politcal Power setups He names the Names and all can be verifed with independant reasearch.


If this man is getting air time its mean the charges have been set to bring down the rest of Society as we know it.

Beck is the "Release Value" for the anger of the General Population and for them to invite Griffin on air means they wish to co opt people that are investigating the REAL story behind the story.

So now when a person says: hey do you know about how the Fed got created??? a Typical sheep can answer say ing well yeah........ Beck covered it a few shows ago....hey hows that New American Idol working out???



Fox is the Pinnicle of Sheep Think and for them to have This man on air to expound on his views shows just how late in game we really are before totalitarianism takes over.

[Antonio]

Twisted, I thought the same thing too but I`m too sleep-deprived to analyze what`s going on here. What`s the ZOG motivation of releasing this info? Why would they want the sheep to know this?

[Neuro]

Twisted, I thought the same thing too but I`m too sleep-deprived to analyze what`s going on here. What`s the ZOG motivation of releasing this info? Why would they want the sheep to know this?
I think the time has come to crash the fiat monetary system, they want gold to be the premier currency, because they have almost all of it...

[SWRichmond]

The End is near........

LITTERALLY

Griffin is the preeminent voice on the History of Elite and how they rule through the Machinations of Usury,Capital Reserve Lending and Politcal Power setups He names the Names and all can be verifed with independant reasearch.

If this man is getting air time its mean charges have been set to bring down the rest Society as we know it.

Beck is the "Release Value" for the anger of the general population and for them you invite Griffin on air means they wish to co opt people that are investigating the real story behind the story.

So now when a person says hey do you know about the Fed got created??? a Typical sheep can answer that say ing well yeah.. Beck covered it a few shows ago.

Fox is the Pinnicle of Sheep Think and for them to have This man on air to expound on his views show just how late in game we really are before totalitarianism takes over.


I continue to refer back to the well-known "good bank / bad bank" model wherein all the bad assets are stuffed into one bank and that bank is then failed. I continue to hope that the bad bank will be JPM, but it is starting to look like it will be the Fed.

I agree with you that if it's gotten this far there's already a plan being implemented to move on to the next step. I think the very obvious war on energy production is part of this plan. What economy can withstand the dual impact of energy shock and currency collapse? None.

[Large Sarge]

Ed will not touch ZOG or Israel, kind of like AJ, thats why he is on national tv

if Ed talked about 9/11 it would be the canned "Bush, cheney, Rumsfeld did it"

[Andy9999]

Twisted, I thought the same thing too but I`m too sleep-deprived to analyze what`s going on here. What`s the ZOG motivation of releasing this info? Why would they want the sheep to know this?
I think the time has come to crash the fiat monetary system, they want gold to be the premier currency, because they have almost all of it...

very profound

[Twisted Titan]

Ed will not touch ZOG or Israel, kind of like AJ, thats why he is on national tv


Ed is can get a "pass" in my eyes on that one for the simple fact that if your smart you can certainley link the connecting dots with the body if information he has under his perview

I fully expect to see a new printing of his book on the NYT best seller list in short order after this interview

[po boy]

I think Ponces quote applies here "they will only tell the truth when they can't hide it anymore" hope I didn't butcher it to bad.

[Spectrism]

Twisted, I thought the same thing too but I`m too sleep-deprived to analyze what`s going on here. What`s the ZOG motivation of releasing this info? Why would they want the sheep to know this?
I think the time has come to crash the fiat monetary system, they want gold to be the premier currency, because they have almost all of it...


Yes- either Beck is going off the reservation or he is being allowed to usher in the next phase. The next phase is to eliminate the front offices of the "national" banks as authority is formally turned over to the world bank. They will claim that this will bring stability, peace & safety with a cooperating world unified.

They do not want a gold standard. That would limit their manipulations. They want the ability to monitor and AUTHORize every single monetery transaction. When you buy a pack of chewing gum, a box of cereal or a car, they want to be in the middle of it. Strict codes on bartering and gifting will be emplaced. All will be criminals by their rules, and they will enjoy enforcement of their corrupt statutes when they decide an individual becomes a threat.

[Bigjon]

Twisted, I thought the same thing too but I`m too sleep-deprived to analyze what`s going on here. What`s the ZOG motivation of releasing this info? Why would they want the sheep to know this?


I think they are through using the Fed model and want to sell it back to the US suckers for full book value. That is the value they state, not what it's worth after absorbing all the toxic sludge of the planet.

[mightymanx]

The End is near........

LITTERALLY

Griffin is the preeminent voice on the History of Elite and how they rule through the Machinations of Usury,Capital Reserve Lending and Politcal Power setups He names the Names and all can be verifed with independant reasearch.


If this man is getting air time its mean the charges have been set to bring down the rest of Society as we know it.

Beck is the "Release Value" for the anger of the General Population and for them to invite Griffin on air means they wish to co opt people that are investigating the REAL story behind the story.

So now when a person says: hey do you know about how the Fed got created??? a Typical sheep can answer say ing well yeah........ Beck covered it a few shows ago....hey hows that New American Idol working out???



Fox is the Pinnicle of Sheep Think and for them to have This man on air to expound on his views shows just how late in game we really are before totalitarianism takes over.


You just saved me a shitwack of typing and said it much better than I could thanks

[keehah]

This is no top down next phase of the game fermentation. They are not simply exposing 'Patsy A' to replace him with 'Patsy B"

This is exposure of the heart of their game, 'money for nothing and the nations for free'.

[Large Sarge]

I confess I have not watched all of this, but the beginning of segment 3

"reagan pushed back on the federal reserve, and the fed pushed back" (he was not talking to Edward griffin, but that other guy)

the assassination attempt was related to reagan "pushing back" on the federal reserve

he then states the U.S. president helps to appoint the head of the federal reserve, does any thinking member here at GSUS really believe that?

The govt is just an illusion, and has been for awhile

I believe it was bill clinton who said "soon you can just have computer generated holographic/illusory presidents, because we do not do anything anyway" (something close to that).

the implication is that somehow our govt has some level of control over these folks, thats wrong....

take a look at how our congress votes on funding Israel with the latest weapons......

[Neuro]

I believe it was bill clinton who said "soon you can just have computer generated holographic/illusory presidents, because we do not do anything anyway" (something close to that).

Hmmm... Could that explain Barrack Hussein Obama's difficulty obtaining a birth certificate?

[Santa]

Excellent observations.

[madfranks]

I fully expect to see a new printing of his book on the NYT best seller list in short order after this interview[/b][/i]


GEG did just publish a new edition that covers the financial crash of '08 onwards. If I didn't already have the previous edition I'd buy it.

[gunDriller]

This is certainly a milestone in the timeline of any awakening, seeing that book get so much fair and balanced airtime on mainstream TV.

Part one: The Federal Reserve Note is a Ponzi scheme that inflates then collapses because a gang of private bankers got in up front and wrote the Nation's banking rules in secret to make money from nothing.


it's fucking odd is what it is.

limited hangout, that's what it is.

Beck telling the truth about the Fed ?

perhaps they want to keep people away from news sources that tell the truth about 9-11 --

http://theinfounderground.com/forum/viewtopic.php?f=6&t=5367
"Israel did 9/11 - ALL THE PROOF IN THE WORLD"

[hoarder]

Ed will not touch ZOG or Israel

I have always had some doubts about Griffin, now I have more.

"The Creature From Jekyl Island" with it's silly name is good in some ways, but falls short of being easy to understand and read. IOW, it's long-winded. I have a copy of it and have failed to read it in it's entirety, in spite of having owned it for 8 years. There are summaries at the beginning of each chapter, but they really don't tell you much. I imagine somewhere in that thick book he tells us what happens to the principal, but I'm not going to read the whole damn thing to find out.

He made a video which covered everything that was in the summaries and was presented to the John Birch Society, which is a false flag operation. Not only that, but it would be a real turn off to any left winger wanting to understand the Fed.

But now that he's on national teevee with Glen Beck I'm almost certain Griffin is a void-filler.

[hoarder]

As to why this is being aired on teevee, I think that's obvious. Teevee has to compete with the internet and if viewers think they are well-informed and that nothing is being hidden from them, they'll continue to watch. You can be sure that the Jewsmedia has calculated the cost of not pretending to be objective about their parent company, the Federal Reserve.
They handled the situation with great skill, like they always do.
As of now, the Federal Reserve has taken it's position as something only right-wingers will oppose.

[madfranks]

Ed will not touch ZOG or Israel

I have always had some doubts about Griffin, now I have more.

"The Creature From Jekyl Island" with it's silly name is good in some ways, but falls short of being easy to understand and read. IOW, it's long-winded. I have a copy of it and have failed to read it in it's entirety, in spite of having owned it for 8 years. There are summaries at the beginning of each chapter, but they really don't tell you much. I imagine somewhere in that thick book he tells us what happens to the principal, but I'm not going to read the whole damn thing to find out.

He made a video which covered everything that was in the summaries and was presented to the John Birch Society, which is a false flag operation. Not only that, but it would be a real turn off to any left winger wanting to understand the Fed.

But now that he's on national teevee with Glen Beck I'm almost certain Griffin is a void-filler.



When I first got ahold of that book, I found it so fascinating that I read it through cover to cover in a week and then started again and read it a second time. That book, more than anything else, really woke me up. There is so much information in that book, you're really doing a disservice to yourself by refusing to finish it. One of the reasons we have such an ignorant and blind population is because people see a big book, get intimidated and opt for the TV instead. I'm not saying you're intimidated by the book, but do yourself a favor and finish it.

[steyr_m]

Twisted, I thought the same thing too but I`m too sleep-deprived to analyze what`s going on here. What`s the ZOG motivation of releasing this info? Why would they want the sheep to know this?
I think the time has come to crash the fiat monetary system, they want gold to be the premier currency, because they have almost all of it...


As I was reading this, I was replaying the Dollars for Gold commercials in my head.

[jetgraphics]

As wise man said, "Trust but verify".
And after verification, don't be hasty.

Here's the PROBLEM... for all the disclosure, there was one GAPING hole in the presentation.
Fact #1: Congress has no power to create money.
Fact #2: Usury is mathematically impossible to pay in a finite money token system.

These two facts were not brought to the attention of the audience.
Do not believe me - go read the USCON. Congress has the power to COIN money (stamp bullion) or BORROW money. If Congress had the power to create money, why would it need the power to borrow it?

Usury is mathematically impossible to pay in a finite money token system (like America's), so any interest bearing public debt was based on an impossible agreement from day one.

Even lawyers know that usury is unsustainable!

In 1836 John Whipple, an American lawyer, showed the impossibility of sustaining long term metallic usury:
" If 5 English pennies... had been... at 5 per cent compound interest from the beginning of the Christian era until the present time, it would amount in gold of standard fineness to 32,366,648,157 spheres of gold each eight thousand miles in diameter, or as large as the earth."

In other words, NO SYSTEM that tolerates usury can do anything but boom AND bust. Because there is never enough money tokens for all debtors to pay their creditors. A proportion shall default and lose valuable property pledged as collateral. Unsecured investors will be ruined.

Based upon these facts, I can conclude that despite the facts presented by GB et al, it was not to illuminate but to distract.
Another victory for the world's greatest propaganda ministry!
-------------------------------------------------------------
Money reference:
http://groups.yahoo.com/group/NASP/message/1637
Usury tidbits:
http://groups.yahoo.com/group/NASP/message/483

[Horn]

This is certainly a milestone in the timeline of any awakening, seeing that book get so much fair and balanced airtime on mainstream TV.


It is.

I wonder what will come of it?

[Silver Shield]

Beck is controlled op número UNO.

The news about him leaving Fox to start his own network looks like more controlled opposition. The dude is a $25 million a year puppet to Zionist Globalist Oligarch Ruppert Murdoch.

I don't trust Beck at all.

He is there to steer the Patriot movement a way from any real solutions.

[steyr_m]

Beck is controlled op número UNO.

The news about him leaving Fox to start his own network looks like more controlled opposition. The dude is a $25 million a year puppet to Zionist Globalist Oligarch Ruppert Murdoch.

I don't trust Beck at all.

He is there to steer the Patriot movement a way from any real solutions.


I find it hard to make a decision on this. Both Beck and the Jeckyll Island book was part of my awakening, with Beck mostly in the beginning. I think this will wake even more people, but with it being on Fox makes me skeptical too.

[hoarder]

There are several concepts that apply to this:

1) Most people who want to be in touch with the ugly reality of life will seek out these realities.

2) Most people have to be awakened in a stratified fashion. Foundational steps that actually lead to the whole truth are called for.

3) Most people lack the capacity for original thought. Give them part of the truth packaged in a way that does not lead up to the next truth and they will be stuck there, maybe forever, thinking they have the whole picture. When the first step is tendered without even subtle suggestion that the rabbit hole continues, this tactic is possibly being employed.

4) Long and widely held false beliefs die hard because those who hold them do not want to admit they were deceived. There are psychological triggers that make them dig in their heels ( like the messenger waving his index finger).

Our rulers understand psychology and how it effects different personality types. You get bet they make full use of this knowledge as they own most of the mechanisms to apply it.

[hoarder]

When I first got ahold of that book, I found it so fascinating that I read it through cover to cover in a week and then started again and read it a second time. That book, more than anything else, really woke me up. There is so much information in that book, you're really doing a disservice to yourself by refusing to finish it. One of the reasons we have such an ignorant and blind population is because people see a big book, get intimidated and opt for the TV instead. I'm not saying you're intimidated by the book, but do yourself a favor and finish it.
Some people are good readers because they can absorb information. I have a poor memory so I prioritize. I spend a lot of time thinking and prioritizing. I found that information of the highest priority was missing from Griffins presentation. He keeps telling all about interest without mentioning principal in the summaries. How can you summarize the Fed without explaining that?
Since you are awake and have read the book more than once, could you direct me to which page he explains the path of principal? If he doesn't mention it I won't read the rest of the book.

[Bigjon]

Ed will not touch ZOG or Israel

I have always had some doubts about Griffin, now I have more.

"The Creature From Jekyl Island" with it's silly name is good in some ways, but falls short of being easy to understand and read. IOW, it's long-winded. I have a copy of it and have failed to read it in it's entirety, in spite of having owned it for 8 years. There are summaries at the beginning of each chapter, but they really don't tell you much. I imagine somewhere in that thick book he tells us what happens to the principal, but I'm not going to read the whole damn thing to find out.

He made a video which covered everything that was in the summaries and was presented to the John Birch Society, which is a false flag operation. Not only that, but it would be a real turn off to any left winger wanting to understand the Fed.

But now that he's on national teevee with Glen Beck I'm almost certain Griffin is a void-filler.



When I first got ahold of that book, I found it so fascinating that I read it through cover to cover in a week and then started again and read it a second time. That book, more than anything else, really woke me up. There is so much information in that book, you're really doing a disservice to yourself by refusing to finish it. One of the reasons we have such an ignorant and blind population is because people see a big book, get intimidated and opt for the TV instead. I'm not saying you're intimidated by the book, but do yourself a favor and finish it.


I too, read the book from cover to cover and was fascinated by all the duplicity and deceit that G. Edward Griffin exposed, about our monetary system.
At that time (1996) I bought a case of those books to give to my friends and family, but that effort fell flat on it's face, as no one could be bothered to read such a big book.

[Bigjon]

As wise man said, "Trust but verify".
And after verification, don't be hasty.

Here's the PROBLEM... for all the disclosure, there was one GAPING hole in the presentation.
Fact #1: Congress has no power to create money.
Fact #2: [/color]pt]Usury is mathematically impossible to pay in a finite money token system.

These two facts were not brought to the attention of the audience.
Do not believe me - go read the USCON. Congress has the power to COIN money (stamp bullion) or BORROW money. If Congress had the power to create money, why would it need the power to borrow it?

Usury is mathematically impossible to pay in a finite money token system (like America's), so any interest bearing public debt was based on an impossible agreement from day one.

Even lawyers know that usury is unsustainable!

In 1836 John Whipple, an American lawyer, showed the impossibility of sustaining long term metallic usury:
" If 5 English pennies... had been... at 5 per cent compound interest from the beginning of the Christian era until the present time, it would amount in gold of standard fineness to 32,366,648,157 spheres of gold each eight thousand miles in diameter, or as large as the earth."

In other words, NO SYSTEM that tolerates usury can do anything but boom AND bust. Because there is never enough money tokens for all debtors to pay their creditors. A proportion shall default and lose valuable property pledged as collateral. Unsecured investors will be ruined.

Based upon these facts, I can conclude that despite the facts presented by GB et al, it was not to illuminate but to distract.
Another victory for the world's greatest propaganda ministry!
-------------------------------------------------------------
Money reference:
http://groups.yahoo.com/group/NASP/message/1637
Usury tidbits:
http://groups.yahoo.com/group/NASP/message/483






You are so ******* ignorant, you have been shown multiple times why this is a load of crap yet you persist with this baloney.

[Bigjon]

When I first got ahold of that book, I found it so fascinating that I read it through cover to cover in a week and then started again and read it a second time. That book, more than anything else, really woke me up. There is so much information in that book, you're really doing a disservice to yourself by refusing to finish it. One of the reasons we have such an ignorant and blind population is because people see a big book, get intimidated and opt for the TV instead. I'm not saying you're intimidated by the book, but do yourself a favor and finish it.
Some people are good readers because they can absorb information. I have a poor memory so I prioritize. I spend a lot of time thinking and prioritizing. I found that information of the highest priority was missing from Griffins presentation. He keeps telling all about interest without mentioning principal in the summaries. How can you summarize the Fed without explaining that?
Since you are awake and have read the book more than once, could you direct me to which page he explains the path of principal? If he doesn't mention it I won't read the rest of the book.



The principal (money) comes from a ledger entry in a book for a check (bad check, no money) written against the Fed's account. Money out of thin air.

[hoarder]

The principal (money) comes from a ledger entry in a book for a check (bad check, no money) written against the Fed's account. Money out of thin air.
I realize that, but I don't understand why Griffin is so hesitant about simply spitting out where the principal goes from there....when it gets paid "back".
If he wanted to get the message across plainly he could simply show the entire path, both principal and interest, from issue to "repayment" of a public loan as well as a private loan by giving 2 examples. It would take up one whole page of his long-winded book.
He goes on and on about the interest as though it didn't matter where the principal went when it gets paid back.

[po boy]

You are so g*d d*mn ignorant, you have been shown multiple times why this is a load of crap yet you persist with this baloney.


I'm ignorant too care to explain?

[madfranks]

When I first got ahold of that book, I found it so fascinating that I read it through cover to cover in a week and then started again and read it a second time. That book, more than anything else, really woke me up. There is so much information in that book, you're really doing a disservice to yourself by refusing to finish it. One of the reasons we have such an ignorant and blind population is because people see a big book, get intimidated and opt for the TV instead. I'm not saying you're intimidated by the book, but do yourself a favor and finish it.
Some people are good readers because they can absorb information. I have a poor memory so I prioritize. I spend a lot of time thinking and prioritizing. I found that information of the highest priority was missing from Griffins presentation. He keeps telling all about interest without mentioning principal in the summaries. How can you summarize the Fed without explaining that?
Since you are awake and have read the book more than once, could you direct me to which page he explains the path of principal? If he doesn't mention it I won't read the rest of the book.



I do agree with you that Griffin's presentation lacked a lot of important info, but like he said at the beginning, there is no way to get all the important info out in a 30 minute segment. If Griffin had been running the show, we would have gotten a lot more good info. But since Beck was running the show, he directed the conversation into silly talks about "crazy town" and issues of smaller importance. The best thing about the show is the thousands of people who will now get that book and read all the important things missing from Beck's program.

I have the fourth edition of the book, so if yours is the same, look on page 191 for the section, "Who Creates the Money to Pay the Interest?" In this section he follows the creation of a fictional $10,000 through the economy where after interest $10,900 needs to be paid back.

[Bigjon]

You are so g*d d*mn ignorant, you have been shown multiple times why this is a load of crap yet you persist with this baloney.


I'm ignorant too care to explain?


Money is not extinguished by spending it, it can be and is spent multiple times. When you pay the banker the banker takes his cut off of the top and spends that money which balances the account of where the money to pay the interest comes from.

[madfranks]

Fact #2: Usury is mathematically impossible to pay in a finite money token system.


You are so g*d d*mn ignorant, you have been shown multiple times why this is a load of crap yet you persist with this baloney.


I'm ignorant too care to explain?


Read this:

[hoarder]

I have the fourth edition of the book, so if yours is the same, look on page 191 for the section, "Who Creates the Money to Pay the Interest?" In this section he follows the creation of a fictional $10,000 through the economy where after interest $10,900 needs to be paid back.
I have the fourth edition as well. What you are referring to does not show what happens to the principal paid on public and private loans, but how the interest that wasn't issued is paid off. He specifically does not say who gets to keep the principal when the borrower pays it off.

Why does Griffin dodge the issue of where principal goes?

[madfranks]

I have the fourth edition of the book, so if yours is the same, look on page 191 for the section, "Who Creates the Money to Pay the Interest?" In this section he follows the creation of a fictional $10,000 through the economy where after interest $10,900 needs to be paid back.
I have the fourth edition as well. What you are referring to does not show what happens to the principal paid on public and private loans, but how the interest that wasn't issued is paid off. He specifically does not say who gets to keep the principal when the borrower pays it off.

Why does Griffin dodge the issue of where principal goes?


Page 187, "Money Would Vanish Wihtout Debt". The pricncipal dissapears after it's paid back. It's created out of thin air, and to thin air it goes after being repaid.

[Bigjon]

I have the fourth edition of the book, so if yours is the same, look on page 191 for the section, "Who Creates the Money to Pay the Interest?" In this section he follows the creation of a fictional $10,000 through the economy where after interest $10,900 needs to be paid back.
I have the fourth edition as well. What you are referring to does not show what happens to the principal paid on public and private loans, but how the interest that wasn't issued is paid off. He specifically does not say who gets to keep the principal when the borrower pays it off.

Why does Griffin dodge the issue of where principal goes?


I don't think he dodges this issue. There are 2 kinds of money in our system, primary money issued by the Fed in the form of treasury checks plus FRN's and checkbook money which is the primary money expanded by banks, which is mostly ledger entries in a bank.

In the case of a bank loan all the money including the principal is extinguished down to the level of the primary money involved.

I think he says so in the book.

[Road Runner]

There is a video that tells the results of Federal Reserve System with their unbacked fiat money and is so easy to understand. It is 1 1/4 hours, both my husband and I watched it the other night.
www.EndOfAmerica83.com

[hoarder]

OK. Let's say I have a mortgage and I still owe $20,000. I'm ready to pay it off and I bring the bank $20,000 in cash. The bank releases the note and throws the $20,000 in the shredder.

So who makes sure the principal gets extinguished?


It really seems to me that Griffin could have explained the basics in a dozen pages. He could then expand on that.

One major reason the Fed gets by with their scam is because hardly anyone understands it. I hope someday someone with writing skills writes an easy to understand short book explaing the basic operation of the Federal Reserve, a book designed to reach as great an audience as possible.
Eustace Mullin's book isn't any better.

[Bigjon]

OK. Let's say I have a mortgage and I still owe $20,000. I'm ready to pay it off and I bring the bank $20,000 in cash. The bank releases the note and throws the $20,000 in the shredder.

So who makes sure the principal gets extinguished?


It really seems to me that Griffin could have explained the basics in a dozen pages. He could then expand on that.

One major reason the Fed gets by with their scam is because hardly anyone understands it. I hope someday someone with writing skills writes an easy to understand short book explaing the basic operation of the Federal Reserve, a book designed to reach as great an audience as possible.
Eustace Mullin's book isn't any better.





If you pay in FRN's, that is primary (Fed based, Fed extinguished money) money and it won't be put in a shredder, it will remain in the system, but the principal part of your loan will be extinguished.

I believe this is all in the book.

[madfranks]

OK. Let's say I have a mortgage and I still owe $20,000. I'm ready to pay it off and I bring the bank $20,000 in cash. The bank releases the note and throws the $20,000 in the shredder.

So who makes sure the principal gets extinguished?

"If all the bank loans were paid, no one could have a bank deposit,
and there would not be a dollar of coin or currency in circulation.
This is a staggering thought. We are completely dependent on the
commercial Banks. Someone has to borrow every dollar we have in
circulation, cash or credit. If the Banks create ample synthetic money
we are prosperous; if not, we starve. We are absolutely without a
permanent money system. When one gets a complete grasp of the picture,
the tragic absurdity of our hopeless position is almost incredible, but
there it is. It is the most important subject intelligent persons can
investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the
defects remedied very soon."

-Robert Hemphill, Credit Manager of Federal Reserve Bank, Atlanta, Ga

[keehah]

No mention at all about the Fox Promos in the spaces advertisments would be during Beck's show if not for the Soro's supported media boycott.

http://www.washingtonpost.com/opinions/2011/04/06/AFNEgnqC_story.html

He pushed further into dark conspiracies, urging his viewers to hoard food in their homes and to buy freeze-dried meals for sustenance when civilization breaks down. He spun a conspiracy theory in which the American left was in cahoots with an emerging caliphate in the Middle East. And, most ominously, he began to traffic regularly in anti-Semitic themes.

This vile turn for Beck reached its logical extreme two weeks ago, when he devoted his entire show to a conspiracy theory about various bankers, including the Rothschilds, to create the Federal Reserve. To make this case, Beck hosted the conspiracy theorist G. Edward Griffin, who has publicly argued that the anti-Semitic tract “The Protocols of the Elders of Zion” “accurately describes much of what is happening in our world today.”

Griffin’s Web site dabbles in a variety of anti-Semitic conspiracy theories, including his view that “present-day political Zionists are promoting the New World Order.”

A month earlier, Beck, on his radio program, had described Reform rabbis as “generally political in nature,” adding: “It’s almost like Islam, radicalized Islam in a way.”

In banishing Beck, about whom I wrote a critical book last year, Fox has made an important distinction: It’s one thing to promote partisan journalism, but it’s entirely different to engage in race baiting and fringe conspiracy claims. Bill O’Reilly and Sean Hannity may have their excesses, but their mainstream conservatism is in an entirely different category from Beck.

Fox has rightly, if belatedly, declared that there is no place for Beck’s messages on its airwaves, and Beck will return to the fringes, where such ideas have always existed. Because his end-of-the-world themes will no longer be broadcast by a mainstream outlet, there will be less of a chance for him to inspire off-balance characters to violence.
http://farm6.static.flickr.com/5095/5519699869_0e12cb3a99.jpg

[monty]

The Ceature from Jekyll Island. End Times News Report ~ Jake Morphonios


http://youtu.be/Sd5omVjfYds

https://youtu.be/Sd5omVjfYds

[Carl]

"If all the bank loans were paid, no one could have a bank deposit,
and there would not be a dollar of coin or currency in circulation.
This is a staggering thought. We are completely dependent on the
commercial Banks. Someone has to borrow every dollar we have in
circulation, cash or credit. If the Banks create ample synthetic money
we are prosperous; if not, we starve. We are absolutely without a
permanent money system. When one gets a complete grasp of the picture,
the tragic absurdity of our hopeless position is almost incredible, but
there it is. It is the most important subject intelligent persons can
investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the
defects remedied very soon."

-Robert Hemphill, Credit Manager of Federal Reserve Bank, Atlanta, Ga

That's partially hyperbole. People holding cash and coin would still be holding cash and coin and would probably hang onto it in a 'banking emergency'.
Cash dollars are never loaned or borrowed into circulation. The only way they get into circulation is by someone with a positive balance on their credited deposit account, demanding their money from the bank. Banks create private credit, they don't create money. synthetic or otherwise.

There is a total of $1.5-Trillion in U.S. legal tender money in circulation around the globe.
Of that, $280-Billion is in circulation within the U.S.
Of that, $71-Billion is held in bank vaults as 'reserves'.
That $71-Billion in bank vaults backs the $1.9-Trillion in credited demand deposit accounts (Bank Debt).
It also backs the $9.3-Trillion in credited savings accounts (Bank Debt).
It also backs all commercial credit transactions, from Main Street to Wall Street, and all points between and beyond.
It also backs all government disbursements.
And that, is the reality of "Fractionally Reserved Banking".

There is a total of $63-Trillion in U.S. market debt
Of that, $20-Trillion is owed by the U.S.G. who owns the legal tender and the printing presses so it will have no problems paying what it owes.

[woodman]

That partially hyperbole.
Cash dollars are never loaned or borrowed into circulation. The only way they get into circulation is by someone with a positive balance on their credited deposit account, demanding their money from the bank. Banks create private credit, they don't create money. synthetic or otherwise.

There is a total of $1.5-Trillion in U.S. legal tender money in circulation around the globe.


Carl, I don't know that much about how the system operates. I am too busy with other aspects of living. I believe you are incorrect about the cash in the system. According to what you are saying, the cash that is in the system now, has been in the system since it's inception. We know that is untrue. The cash came from somewhere. It was printed. It was loaned into existence by the purchase of bonds? I am not sure, but I am sure that that cash came from somewhere and has no backing at all besides the decree of the government. This tells me it was loaned into existence. Please explain how you can make the statement that the cash existing now was not loaned into existence.

[Bigjon]

The Fed has a checkbook that draws from an account with NO money in it. It is strictly a ledger entry of a debt that the Fed has created to buy it's services like the purchasing of FRN's for distribution to its member banks.

[StreetsOfGold]

I think the time has come to crash the fiat monetary system, they want gold to be the premier currency, because they have almost all of it...

Upon listening to proponents of Gold, like GATA and others like them, they claim that of all the physical gold in the world about HALF of it is in the hands of the private sector. :confused:

[Carl]

Carl, I don't know that much about how the system operates. I am too busy with other aspects of living. I believe you are incorrect about the cash in the system. According to what you are saying, the cash that is in the system now, has been in the system since it's inception. We know that is untrue. The cash came from somewhere. It was printed. It was loaned into existence by the purchase of bonds? I am not sure, but I am sure that that cash came from somewhere and has no backing at all besides the decree of the government. This tells me it was loaned into existence. Please explain how you can make the statement that the cash existing now was not loaned into existence.

Banks do not 'loan' from deposits. Banks do not 'loan' from reserves. Banks do not 'loan' money, period. There is no such thing as a 'supply of loanable funds'. There is no such thing as as a 'money multiplier'. The Federal Reserve has no legal authority to create money. The banks have no legal authority to create money. The private credit generated by the Fed and the banks is not money. Crediting deposit accounts with the amounts, is not the same as payment.

The legal tender in use today is provided as a duty, an obligation of the U.S.G., born from the outlawing and confiscation of gold as money back in 1933. People with and without bank accounts, turned in their gold property and received the legal tender as replacement property. The legal tender system today is an extension of that time. That time has obscured the legal tender's gold origins, existing as the people's property first, makes it no less our property in the present, and the banking system's legal obligation to provide, either upon demand or over time, the fruits of our labor as represented by those deposit accounts, our legal tender property. It was our money first.

Your deposit accounts represent cash money earned by you and owed to you by the banks. The banks get the cash from the Fed by purchasing it with assets (reserves held at the Fed). The Fed gets the cash from the Treasury by first paying for the production of the cash notes then posting collateral (from the reserves held at the Fed) of equal value for the notes recieved (this regulates the Fed's access to the notes). The Fed is barred by law from using the cash notes for any other purposes other than issuing them in order to fill demand, which is driven by depositors. All profits obtained by the Fed's monetary activities and surrendered to the Treasury, are counted as seigniorage interest payments on the notes issued. In other words, the Fed is paying the Treasury interest on the notes it puts into circulation, and that interest is all of the Fed's profits minus dividend payments and expenses (this insures that the U.S.G. retains ownership of the notes issued).

The only value any money has is in its use and acceptance as a medium of exchange, and its only worth is in what it can buy. This holds true for all money, regardless their material construct, or quantity. Whether it is gold, silver, copper, brass, tin, paper, seashells, bird feathers, rocks with holes, etc., is an inconsequential secondary consideration to the medium's primary use and acceptance as a medium of exchange, the ability to engage in commerce, at your own convenience, and in your own way, requiring no other man's permission to do so, that's the purpose and the true 'intrinsic value' of money.

All money, regardless its material construct, is backed by its use and acceptance as a medium of exchange. In other words, all money is backed by what it can buy.