Eight Presidents Who Opposed A Central Bank (Federal Reserve)

 by Tuskeegee
{Daily Paul Liberty Forum}


[An interesting 2014 perspective on the historical impact the banks have had in creating a central bank that effectively established a moneyed aristocracy around the Fed to manipulate the American economy for its own aggrandizement. - ED}

Since 1963, to this present day, the United States has remained under the control of the royal European banking elite through their control of the Federal Reserve who during this past nearly 60 years have all but dismantled what was once the great Nation known as the United States of America.

Through their infiltration of all levels of government, corporations and media, they have used their forces to destroy America’s “moral fiber” and reduce this once great power to but a shadow of its former self. Their once great industrial might is now gone, their schools are noted for their shockingly high dropout rates (even those who graduate know less than a child born a century ago), its once great cities are fast falling into ruin as its roads and bridges disintegrate too, and, perhaps worst of all, these once great people have nearly lost all hope.

The stage for this all occurring is being set now as the most pivotal day in the history of the United States is racing towards us all….December 21, 2012.

What I constantly argue is that without a central bank, talking about Afghanistan, Iraq, and now possibly Iran would be impossible,  because the government would have to go directly to an individual to raise taxes, and would therefore be impossible after the 100th house they visited. Central banking allows for money to be produced out of “thin air” to finance our overseas empire. This is where we get inflation folks!!!

Since someone reading this, will question my wisdom, I wanted to talk about 6 presidents that did stop a central bank under their administration.

General George Washington (1732-1799) who is credited with being the “Father of the Nation” for winning his Nation’s war of Independence from the British. Washington gained further fame by returning to his Virginia farm in the “spirit of Cincinnatus” after ending his second term of office and not, as many had wished, becoming a king.

General Andrew Jackson (1767-1845). A hero of the War of 1812 for defeating a superior British force at the Battle of New Orleans, Jackson was put into power to defeat the establishment of a Central Bank that was supported by President John Quincy Adams (1767-1848) and was feared would split the Nation.

Of the danger facing the United States should a Central Bank be allowed to gain control of the US economy Jackson warned:

The bold effort the present (central) bank had made to control the government … are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it. I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.”

Directly to President Adams and the other Central Bank supporters Jackson said directly:

Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”

Adams was enraged at his and the Central Banks defeat by Jackson and refused to attend his inauguration. To his dying day Adams retained a great hatred of this president and as a Member of the United States House of Representatives (the only American President to serve in this body after leaving office.) cast the only “no” vote on a law to give medals to the US Military officers who had served in the Mexican-American War (1846-1848). Immediately after casting his vote Adams collapsed and died two days later.

Abraham Lincoln (1809 - 1865) Upon President Lincoln’s assassination by those forces advocating a Central Bank he was succeeded by President Andrew Johnson (1808-1875) who, like Lincoln before him, opposed those European forces [the Rothschild's banking family alone was reported to have lost nearly $50 million in support of the Confederacy.] attempting to take control of the American economy and in further “outrages” against them forgave the Southern States of their debts, granted unconditional amnesty to all Confederate Soldiers, freed all remaining slaves in the United States, and paid back the Russian Empire for its blocking of a North American invasion by British and French forces by purchasing Alaska for $7.2 million.

For President Johnson’s continued opposing the aims of the Central Bankers he was greatly weakened by two attempts to impeach him from office [In 1926 the US Supreme Court ruled the basis for those impeachment attempts as unconstitutional.] thus necessitating the need to put General Grant in power.

General Ulysses S. Grant (1822-1885), who like Jackson before him was put into power to defeat those forces attempting to create a Central Bank said needed due to the United States massive debts incurred from their Civil War (1861-1865) and opposed by President Abraham Lincoln (1809-1865), who said:

The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity. The financing of all public enterprise, and the conduct of the treasury will become matters of practical administration. Money will cease to be master and will then become servant of humanity.”

Chester A. Arthur (1829-1886) who was also the first non-military member of the order to ascend to the Presidency but did so through the rules of primogeniture (right of first born) granted to him as the direct descendant of maternal grandfather and Revolutionary War leader Uriah Stone and was “established in place” to take power upon the assassination by these European bankers of President James A. Garfield (1831-1881).

President Garfield warned of the dangers to America should these Central Bankers ever gain power by stating shortly before his death in 1881, “Whoever controls the money of a nation, controls that nation and is absolute master of all industry and commerce. When you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.

William McKinley (1843-1901) whose membership in the order was granted under their rules of primogeniture through his grandfather and American Revolutionary War hero David McKinley, and who by his own right had distinguished himself as a hero in the Civil War.

President McKinley began his attack against the Central Bankers with his ally and Secretary of State John Sherman (1823-1900) whose connection to his older brother and Civil War here General William Tecumseh Sherman (1820-1891). The legal tool used by President McKinley and Sherman against the European bankers was the law known as the “Sherman Antitrust Act” which was first brought to bear against the Rothschild supported and funded JP Morgan financial empire known as the Northern Trust who by the late1800′s owned nearly all of America’s railroads.

Shortly after President McKinley began his attack against the Central Bankers he was assassinated (1901) allowing his Vice President Theodore “Teddy” Roosevelt (1858-1919) to take power. Upon the Rothschild backed “and paid for” President Roosevelt taking office one of Roosevelt’s first acts was to drop the United States government lawsuits against the Northern Trust and accelerate the American age known as “Manifest Destiny” which continues to this day and basically gives these Central Bankers the “power” to plunder the entire World for profit and gain above all else.

The last chance to thwart the European plan to establish a Central Bank in the United States ended on April 14, 1912 with the deliberate sinking of the RMS Titanic by British agents that killed one of the orders members named Major Archibald Willingham Butt (1865-1912) along with the American business tycoons John Jacob Astor IV, Benjamin Guggenheim and Isidor Straus who were returning to the United States from Great Britain after what they believed was a successful “negotiation” with the Rothschild’s to “leave America alone” under “threat of war”

With the last “obstacles” removed from creating a Central Bank in the United States with the sinking of the Titanic the European banking powers forced through the American legal system what is known as the Federal Reserve Act of 1913 which once enacted (and remains to this day) became the sole and complete authority over the United States economy forcing the American people into two World Wars and countless other conflicts during the past 97 years all designed with one single purpose, to create for Europe’s royal families a “New World Order” controlled by them.

General Dwight David “Ike” Eisenhower (1890-1969), who was “appalled” over his Nations defacto surrender to Nazi German forces during World War II in order to obtain the atomic bomb Hitler was ready to use against them, and the deliberate murder of his close friend General George S. Patton (1885-1945) who upon his learning that Europe’s royal “powers” had delivered the atomic bombs secrets to the Soviet Union was ready to march against them.

Both Eisenhower and Patton, Sons of the American Revolution, were especially enraged over President Harry Truman’s (1884-1972) dropping of two atomic bombs on Japan.

President John F. Kennedy (1917-1963) with the election the country’s fortunes neared victory when on June 4, 1963 President Kennedy issued Executive Order 11110 which for the first time since 1913 returned to the United States government the power to issue currency, without going through the Federal Reserve (Central Bank).

Five months later, on November 22, 1963, President Kennedy was brutally assassinated while sitting by the side of his wife in a Dallas, Texas motorcade, an event so shocking that has continually been talked about through the ages.

For as this date is more well known as the end of the ancient Mayans long count calendar (and ending of the World?), it is also the date the Federal Reserve’s 99-year old charter to control the American economy ends. And, most importantly, for it to be renewed it would require not only a majority vote in both houses [Senate and House of Representatives] of the US Congress, but also a three-quarter majority vote by every one of their 50 States’ legislative bodies.

“We the people” have less than 2 ½ years to prohibit this “private corporation” from renewing.







Breaking: Rosenstein Personally Approved FBI Raid of Trump Lawyer

by Randy DeSoto


Deputy attorney general Rod Rosenstein reportedly personally approved the Monday morning FBI raids on President Donald Trump’s personal attorney Michael Cohen’s home and offices.

The New York Times reported that the FBI seized emails, tax documents and records, some of which are related to Cohen’s $130,000 payment to adult film star Stormy Daniels in the days before the November 2016 presidential election.

According to The Times, a referral from special counsel Robert Mueller proceeded Rosenstein’s decision to green light the raid.

The Justice Department obtained a search warrant from a federal judge in New York, which would have required prosecutors to argue the FBI would likely find evidence of criminal activity.  A source told The Times that the documents identified in the warrant date back years.  Trump took the DOJ to task on Monday night during a meeting at the White House with his national security team.  He noted that Rosenstein approved a renewal of a FISA warrant, which authorized the FBI to continue surveil Trump campaign associate Carter Page during the early months of the new administration in 2017.

Asked by a reporter if Rosenstein would keep his job, Trump did not respond.  However, the president did voice his frustration with Sessions and Mueller. “(Sessions) should have certainly let us know if he was going to recuse himself, and we would have put a different attorney general in,” Trump said. “So he made what I consider to be a very terrible mistake for the country, but you’ll figure that out.”

Sessions’ recusal led to Rosenstein taking over Russia investigation, which resulted in his appointment of Mueller as special counsel.  The president said the Mueller investigation is “an attack on our country in a true sense. It’s an attack on what we all stand for” and called Mueller’s actions against Cohen “a disgrace.”


RELATED: Former Board Member Dershowitz Hammers ACLU for Support of Trump Attorney Raid

Attorney–client privilege is dead!

— Donald J. Trump (@realDonaldTrump) April 10, 2018

Asked whether he will fire Mueller, the president replied, “We’ll see what happens,” and, “Many people have said you should fire him.”

Citibank Cuts Off Gun Businesses but Does Business With Iranian Terrorists

by Jack Davis


Citibank is being attacked for its recent actions to limit sales of legal firearms by critics who note that the massive bank was willing to do business with Iran a few years ago until it was fined by the Treasury Department.

“Citibank…they preemptively buckled under the pressure by refusing to cooperate with businesses that legally sell certain #firearms…Meanwhile, the Treasury Department found that same company, @Citibank, violated sanctions and did business with, wait for it…Iran!” NRATV tweeted, quoting spokesperson Dana Loesch.

Last week, Citibank said that it would no longer do business with legal firearms stores unless they agree to the bank’s most recent demands.

“Under this new policy, we will require new retail sector clients or partners to adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background check, (2) they restrict the sale of firearms for individuals under 21 years of age, and (3) they don’t sell bump stocks or high-capacity magazines,” wrote Ed Skylar, executive vice president of global public affairs, on the bank’s blog.

Skylar insisted that the policy “is not centered on an ideological mission to rid the world of firearms.” “But we want to do our part as a company to prevent firearms from getting into the wrong hands,” he wrote.

But some noted that Citibank has, in the past, been willing to do business with groups that were banned by the U.S. government.

IRAN: THE ROLE OF CITIBANK – The New York Times – https://t.co/sLLNjjYWqB
Citibank refuses to do business with Companies who sell guns to Americans but they deal with Iran? Once again "To be a Democrat, you must first be a lying hypocrite."  — Larry Nelson (@southernarcher) March 27, 2018

In 2014, Citibank was required to pay $217,841, Reuters reported.

The Treasury Department said at the time that the bank was under investigation for violating multiple sanctions programs of the Office of Foreign Assets Control. It alleged that Citibank processed more than $750,000 worth of transactions to banned individuals or groups in Iran.

Loesch was not alone in criticizing the actions of the bank.

South Dakota state Rep. Kristi Noem, a Republican, said that the bank is trampling on the Americans’ rights.  “This is a constitutionally protected right. The Second Amendment is incredibly important to the people of South Dakota and what Citibank did was to come out and infringe on that right,” she told KSFY.

“I do not think it’s a business’s place to mandate to people, that they do business with, especially a bank, that they have to comply with their own set of rules and regulations,” Noem said.

Death Panels: Court Orders Sick Toddler Killed Despite Parents’ Desperate Pleas

by Joshua Gill


A U.K. court upheld an earlier ruling Tuesday ordering a toddler to be taken off life support despite his parents’ desire to continue treating him.

London’s Court of Appeal denied the parents’ request to transfer their son, 21-month-old Alfie Evans, to the Vatican’s Bambino Gesu Pediatric Hospital. The appeals court upheld a lower court’s ruling that sided with doctors at Alder Hey Children’s Hospital in Liverpool, who say that continued treatment is “futile,” according to Crux Now.

Evans suffers from an unknown neurological degenerative condition that has reduced him to what the hospital has called a “semi-vegetable state,” but his parents argue that he is still responsive and say they will continue to fight for him to be treated.

“At this moment, Alfie’s not ready so we’re not ready to let go,” Tom Evans, the boy’s father, told the BBC.  Tom said that he would challenge the ruling before the U.K.’s Supreme Court.

The case bears similarities to the 2017 legal battle over treatment for Charlie Gard, who died at 11 months old after U.K. courts continually deliberated and denied him the option to receive treatment. Then as now, the hospital officials overseeing the treatment of the child have argued that attempting to treat him would be against the child’s best interest — a conclusion that Alfie’s parents contest.

“Our aim is always to try and reach an agreement with parents about the most appropriate care plan for their child. Unfortunately there are sometimes rare situations such as this where agreement cannot be reached and the treating team believe that continued active treatment is not in a child’s best interests,” Alder Hey Children’s Hospital said in a statement, according to Crux.

Justice Anthony Hayden of the U.K.’s High Court agreed in his Feb. 20 ruling with the hospital’s assessment that continuing to treat the Alfie was “unkind, unfair, and inhumane.”  Hayden praised the efforts of Alfie’s parents but ultimately denied them the chance to medically fight for their son’s life. He said that Tom’s urging to “fight on with Alfie’s army” was commendable but that the parents’ had no clear plan for their son’s betterment. Tom, incensed by the ruling, denounced it and vowed that he would continue the fight.

“My son has been sentenced to the death penalty. The system has worked against us. I’m not crying because I know how wrong they are, I know how strong my boy is doing. He is strong, he is comfortable. This isn’t the end. This is just the start. I’m going to take this NHS down. I’m not giving up, my son isn’t giving up. No-one, I repeat, no-one in this country, is taking my boy away from me. They are not violating his rights and they are violating my rights,” Tom said after Hayden’s ruling, according to the U.K. Daily Mail.

The three judges of the appeals court, however, echoed Hayden’s reasoning Tuesday and said that the hospital had given due consideration to the parents’ wishes.

They ruled hospital staff’s decision to remove Alfie from life support and deny his transfer to another hospital was justified since Alfie is, according to their assessment, comatose and unaware of his surroundings.

The parents argue that Alfie is still aware and can still respond to them, but hospital staff say that what the parents interpret as responses are actually seizures, according to the Daily Mail.

Barrister Stephen Knafler QC, who represents Alfie’s parents against the state, argued that, regardless of the hospital’s assessment, the courts’ rulings overstep their boundaries and interfere with “parental choice,” according to Crux.

Please like and share this story on Facebook if you think this court’s ruling is sickening.



Little Barbies: Sex Trafficking of Young Girls Is America’s Dirty Little Secret

byJohn W. Whitehead


Children are being targeted and sold for sex in America every day.”—John Ryan, National Center for Missing & Exploited Children


They’re called the Little Barbies.
 
Children, young girls—some as young as 9 years old—are being bought and sold for sex in America. The average age for a young woman being sold for sex is now 13 years old.
 
This is America’s dirty little secret.
 
Sex trafficking—especially when it comes to the buying and selling of young girls—has become big business in America, the fastest growing business in organized crime and the second most-lucrative commodity traded illegally after drugs and guns.
 
As investigative journalist Amy Fine Collins notes, “It’s become more lucrative and much safer to sell malleable teens than drugs or guns. A pound of heroin or an AK-47 can be retailed once, but a young girl can be sold 10 to 15 times a day—and a ‘righteous’ pimp confiscates 100 percent of her earnings.”
 
Consider this: every two minutes, a child is exploited in the sex industry.
 
According to USA Today, adults purchase children for sex at least 2.5 million times a year in the United States.


They could be your co-worker, doctor, pastor or spouse,” writes journalist Tim Swarens, who spent more than a year investigating the sex trade in America.
 
In Georgia alone, it is estimated that 7,200 men (half of them in their 30s) seek to purchase sex with adolescent girls each month, averaging roughly 300 a day.
 
On average, a child might be raped by 6,000 men during a five-year period of servitude.   It is estimated that at least 100,000 children—girls and boys—are bought and sold for sex in the U.S. every year, with as many as 300,000 children in danger of being trafficked each year. Some of these children are forcefully abducted, others are runaways, and still others are sold into the system by relatives and acquaintances.
 
“Human trafficking—the commercial sexual exploitation of American children and women, via the Internet, strip clubs, escort services, or street prostitution—is on its way to becoming one of the worst crimes in the U.S.,” said prosecutor Krishna Patel.
 
This is an industry that revolves around cheap sex on the fly, with young girls and women who are sold to 50 men each day for $25 apiece, while their handlers make $150,000 to $200,000 per child each year.   Who buys a child for sex? Otherwise ordinary men from all walks of life.

This is not a problem found only in big cities.   It’s happening everywhere, right under our noses, in suburbs, cities and towns across the nation.
 
As Ernie Allen of the National Center for Missing and Exploited Children points out, “The only way not to find this in any American city is simply not to look for it.”
 
Don’t fool yourselves into believing that this is merely a concern for lower income communities or immigrants.
 
It’s not.
 
It is estimated that there are 100,000 to 150,000 under-aged child sex workers in the U.S. These girls aren’t volunteering to be sex slaves. They’re being lured—forced—trafficked into it. In most cases, they have no choice.
 
In order to avoid detection (in some cases aided and abetted by the police) and cater to male buyers’ demand for sex with different women, pimps and the gangs and crime syndicates they work for have turned sex trafficking into a highly mobile enterprise, with trafficked girls, boys and women constantly being moved from city to city, state to state, and country to country.


For instance, the Baltimore-Washington area, referred to as The Circuit, with its I-95 corridor dotted with rest stops, bus stations and truck stops, is a hub for the sex trade.   No doubt about it: this is a highly profitable, highly organized and highly sophisticated sex trafficking business that operates in towns large and small, raking in upwards of $9.5 billion a year in the U.S. alone by abducting and selling young girls for sex.
 
Every year, the girls being bought and sold gets younger and younger.
 
The average age of those being trafficked is 13. Yet as the head of a group that combats trafficking pointed out, “Let’s think about what average means. That means there are children younger than 13. That means 8-, 9-, 10-year-olds.
 
“For every 10 women rescued, there are 50 to 100 more women who are brought in by the traffickers. Unfortunately, they’re not 18- or 20-year-olds anymore,” noted a 25-year-old victim of trafficking. “They’re minors as young as 13 who are being trafficked. They’re little girls.”
 
Where did this appetite for young girls come from?
 
Look around you. 

Young girls have been sexualized for years now in music videos, on billboards, in television ads, and in clothing stores. Marketers have created a demand for young flesh and a ready supply of over-sexualized children.
 
“All it takes is one look at [certain social media] photos of teens to see examples—if they aren’t imitating porn they’ve actually seen, they’re imitating the porn-inspired images and poses they’ve absorbed elsewhere,” writes Jessica Bennett for Newsweek. “Latex, corsets and stripper heels, once the fashion of porn stars, have made their way into middle and high school.”
 
This is what Bennett refers to as the “pornification of a generation.”
 
“In a market that sells high heels for babies and thongs for tweens, it doesn’t take a genius to see that sex, if not porn, has invaded our lives,” concludes Bennett. “Whether we welcome it or not, television brings it into our living rooms and the Web brings it into our bedrooms. According to a 2007 study from the University of Alberta, as many as 90 percent of boys and 70 percent of girls aged 13 to 14 have accessed sexually explicit content at least once.”
 
In other words, the culture is grooming these young people to be preyed upon by sexual predators. And then we wonder why our young women are being preyed on, trafficked and abused?

Social media makes it all too easy. As one news center reported, “Finding girls is easy for pimps. They look on MySpace, Facebook, and other social networks. They and their assistants cruise malls, high schools and middle schools. They pick them up at bus stops. On the trolley. Girl-to-girl recruitment sometimes happens.” Foster homes and youth shelters have also become prime targets for traffickers.
 
Rarely do these girls enter into prostitution voluntarily. Many start out as runaways or throwaways, only to be snatched up by pimps or larger sex rings. Others, persuaded to meet up with a stranger after interacting online through one of the many social networking sites, find themselves quickly initiated into their new lives as sex slaves.

Debbie, a straight-A student who belonged to a close-knit Air Force family living in Phoenix, Ariz., is an example of this trading of flesh. Debbie was 15 when she was snatched from her driveway by an acquaintance-friend. Forced into a car, Debbie was bound and taken to an unknown location, held at gunpoint and raped by multiple men. She was then crammed into a small dog kennel and forced to eat dog biscuits. Debbie’s captors advertised her services on Craigslist. Those who responded were often married with children, and the money that Debbie “earned” for sex was given to her kidnappers. The gang raping continued. After searching the apartment where Debbie was held captive, police finally found Debbie stuffed in a drawer under a bed. Her harrowing ordeal lasted for 40 days.

While Debbie was fortunate enough to be rescued, others are not so lucky. According to the National Center for Missing and Exploited Children, nearly 800,000 children go missing every year (roughly 2,185 children a day).
 
With a growing demand for sexual slavery and an endless supply of girls and women who can be targeted for abduction, this is not a problem that’s going away anytime soon.  For those trafficked, it’s a nightmare from beginning to end.  Those being sold for sex have an average life expectancy of seven years, and those years are a living nightmare of endless rape, forced drugging, humiliation, degradation, threats, disease, pregnancies, abortions, miscarriages, torture, pain, and always the constant fear of being killed or, worse, having those you love hurt or killed.
 
Peter Landesman paints the full horrors of life for those victims of the sex trade in his New York Times article “The Girls Next Door”:

Andrea told me that she and the other children she was held with were frequently beaten to keep them off-balance and obedient. Sometimes they were videotaped while being forced to have sex with adults or one another. Often, she said, she was asked to play roles: the therapist patient or the obedient daughter. Her cell of sex traffickers offered three age ranges of sex partners--toddler to age 4, 5 to 12 and teens--as well as what she called a “damage group.” “In the damage group, they can hit you or do anything they want to,” she explained. “Though sex always hurts when you are little, so it’s always violent, everything was much more painful once you were placed in the damage group.”

What Andrea described next shows just how depraved some portions of American society have become. “They’d get you hungry then to train you” to have oral sex. “They put honey on a man. For the littlest kids, you had to learn not to gag. And they would push things in you so you would open up better. We learned responses. Like if they wanted us to be sultry or sexy or scared. Most of them wanted you scared. When I got older, I’d teach the younger kids how to float away so things didn’t hurt.”

Immigration and customs enforcement agents at the Cyber Crimes Center in Fairfax, Va., report that when it comes to sex, the appetites of many Americans have now changed. What was once considered abnormal is now the norm. These agents are tracking a clear spike in the demand for harder-core pornography on the Internet. As one agent noted, “We’ve become desensitized by the soft stuff; now we need a harder and harder hit.”

This trend is reflected by the treatment many of the girls receive at the hands of the drug traffickers and the men who purchase them. Peter Landesman interviewed Rosario, a Mexican woman who had been trafficked to New York and held captive for a number of years. She said: “In America, we had ‘special jobs.’ Oral sex, anal sex, often with many men. Sex is now more adventurous, harder.”
 
A common thread woven through most survivors’ experiences is being forced to go without sleep or food until they have met their sex quota of at least 40 men. One woman recounts how her trafficker made her lie face down on the floor when she was pregnant and then literally jumped on her back, forcing her to miscarry.
 
Holly Austin Smith was abducted when she was 14 years old, raped, and then forced to prostitute herself. Her pimp, when brought to trial, was only made to serve a year in prison.
 
Barbara Amaya was repeatedly sold between traffickers, abused, shot, stabbed, raped, kidnapped, trafficked, beaten, and jailed all before she was 18 years old. “I had a quota that I was supposed to fill every night. And if I didn’t have that amount of money, I would get beat, thrown down the stairs. He beat me once with wire coat hangers, the kind you hang up clothes, he straightened it out and my whole back was bleeding.”
 
As David McSwane recounts in a chilling piece for the Herald-Tribune: “In Oakland Park, an industrial Fort Lauderdale suburb, federal agents in 2011 encountered a brothel operated by a married couple. Inside ‘The Boom Boom Room,’ as it was known, customers paid a fee and were given a condom and a timer and left alone with one of the brothel’s eight teenagers, children as young as 13. A 16-year-old foster child testified that he acted as security, while a 17-year-old girl told a federal judge she was forced to have sex with as many as 20 men a night.”
 
One particular sex trafficking ring catered specifically to migrant workers employed seasonally on farms throughout the southeastern states, especially the Carolinas and Georgia, although it’s a flourishing business in every state in the country. Traffickers transport the women from farm to farm, where migrant workers would line up outside shacks, as many as 30 at a time, to have sex with them before they were transported to yet another farm where the process would begin all over again.
 
This growing evil is, for all intents and purposes, out in the open.
 
Trafficked women and children are advertised on the internet, transported on the interstate, and bought and sold in swanky hotels.  Indeed, as I make clear in my book Battlefield America: The War on the American People, the government’s war on sex trafficking—much like the government’s war on terrorism, drugs and crime—has become a perfect excuse for inflicting more police state tactics (police check points, searches, surveillance, and heightened security) on a vulnerable public, while doing little to make our communities safer.
 
So what can you do?
 
Educate yourselves and your children about this growing menace in our communities.
 
Stop feeding the monster: Sex trafficking is part of a larger continuum in America that runs the gamut from homelessness, poverty, and self-esteem issues to sexualized television, the glorification of a pimp/ho culture—what is often referred to as the pornification of America—and a billion dollar sex industry built on the back of pornography, music, entertainment, etc.
 
This epidemic is largely one of our own making, especially in a corporate age where the value placed on human life takes a backseat to profit. It is estimated that the porn industry brings in more money than Amazon, Microsoft, Google, Apple, and Yahoo.
 
Call on your city councils, elected officials and police departments to make the battle against sex trafficking a top priority, more so even than the so-called war on terror and drugs and the militarization of law enforcement.  Stop prosecuting adults for victimless “crimes” such as growing lettuce in their front yard and focus on putting away the pimps and buyers who victimize these young women.
 
Finally, the police need to do a better job of training, identifying and responding to these issues; communities and social services need to do a better job of protecting runaways, who are the primary targets of traffickers; legislators need to pass legislation aimed at prosecuting traffickers and “johns,” the buyers who drive the demand for sex slaves; and hotels need to stop enabling these traffickers, by providing them with rooms and cover for their dirty deeds.
 
That so many women and children continue to be victimized, brutalized and treated like human cargo is due to three things: one, a consumer demand that is increasingly lucrative for everyone involved—except the victims; two, a level of corruption so invasive on both a local and international scale that there is little hope of working through established channels for change; and three, an eerie silence from individuals who fail to speak out against such atrocities.
 
But the truth is that we are all guilty of contributing to this human suffering. The traffickers are guilty. The consumers are guilty. The corrupt law enforcement officials are guilty. The women’s groups who do nothing are guilty. The foreign peacekeepers and aid workers who contribute to the demand for sex slaves are guilty. Most of all, every individual who does not raise a hue and cry over the atrocities being committed against women and children in almost every nation around the globe—including the United States—is guilty.



The Vaccine Hoax is Over. Documents from UK reveal 30 Years of Coverup

by Jeffrey Phillips


Andrew Baker ( FFN),- Freedom of Information Act in the UK filed by a doctor there has revealed 30 years of secret official documents showing that government experts have:

1. Known the vaccines don’t work
2. Known they cause the diseases they are supposed to prevent
3. Known they are a hazard to children
4. Colluded to lie to the public
5. Worked to prevent safety studies

Those are the same vaccines that are mandated to children in the US

800px-Smallpox_vaccine : Educated parents can either get their children out of harm’s way or continue living inside one of the largest most evil lies in history, that vaccines – full of heavy metals, viral diseases, mycoplasma, fecal material, DNA fragments from other species, formaldehyde, polysorbate 80 (a sterilizing agent) – are a miracle of modern medicine.

Freedom of Information Act filed in the US with the CDC by a doctor with an autistic son, seeking information on what the CDC knows about the dangers of vaccines, had by law to be responded to in 20 days. Nearly 7 years later, the doctor went to court and the CDC argued it does not have to turn over documents. A judge ordered the CDC to turn over the documents on September 30th, 2011.

On October 26, 2011, a Denver Post editorial expressed shock that the Obama administration, after promising to be especially transparent, was proposing changes to the Freedom of Information Act that would allow it to go beyond declaring some documents secret and to actually allow government agencies (such as the CDC) to declare some document “non-existent.”

Simultaneous to this on-going massive CDC cover up involving its primary “health” not recommendation but MANDATE for American children, the CDC is in deep trouble over its decades of covering up the damaging effects of fluoride and affecting the lives of all Americans, especially children and the immune compromised. Lawsuits are being prepared. Children are ingesting 3-4 times more fluoride by body weight as adults and “[t]he sheer number of potentially harmed citizens — persons with dental fluorosis, kidney patients tipped into needing dialysis, diabetics, thyroid patients, etc — numbers in the millions.”

The CDC is obviously acting against the health of the American people. But the threat to the lives of the American people posed by the CDC’s behavior does not stop there. It participated in designed pandemic laws that are on the books in every state in the US, which arrange for the government to use military to force unknown, untested vaccines, drugs, chemicals, and “medical” treatments on the entire country if it declares a pandemic emergency.

The CDC’s credibility in declaring such a pandemic emergency is non-existent, again based on Freedom of Information Act. For in 2009, after the CDC had declared the H1N1 “pandemic,” the CDC refused to respond to Freedom of Information Act filed by CBS News and the CDC also attempted to block their investigation. What the CDC was hiding was its part in one of the largest medical scandals in history, putting out wildly exaggerated data on what it claimed were H1N1 cases, and by doing so, created the false impression of a “pandemic” in the US.

The CDC was also covering up a financial scandal to rival the bailout since the vaccines for the false pandemic cost the US billions. And worse, the CDC put pregnant women first in line for an untested vaccine with a sterilizing agent, polysorbate 80, in it. Thanks to the CDC, “the number of vaccine-related “fetal demise” reports increased by 2,440 percent in 2009 compared to previous years, which is even more shocking than the miscarriage statistic [700% increase].

The exposure of the vaccine hoax is running neck and neck with the much older hoax of a deadly 1918-19 flu. It was aspirin that killed people in 1918-19, not a pandemic flu. It was the greatest industrial catastrophe in human history with 20-50 million people dying but it was blamed on a flu. The beginning of the drug industry began with that success (and Monsanto was part of it). The flu myth was used by George Bush to threaten the world with “another pandemic flu that could kill millions” – a terror tactic to get pandemic laws on the books in every state and worldwide. Then the CDC used hoax of the pandemic hoax to create terror over H1N1 and to push deadly vaccines on the public, killing thousands of unborn children and others. (CDC will not release the data and continues to push the same vaccine.)

The hoax of the vaccine schedule is over, exposed by FOIAs in the UK.  The hoax of the CDC’s interest in children’s lives has been exposed by its refusal to respond to a doctor’s FOIAs around its knowledge of vaccine dangers.

The 1918-19 pandemic hoax has been exposed by Dr. Karen Starko’s work on aspirin’s role in killing people.

And despite refusing to respond to FOIAS, the CDC’s scandalous hoax of a 2009 flu pandemic and its part in creating it, was exposed by CBS NEWS.  And the Obama administration, in attempting to salvage the last vestige of secrecy around what is really happening with vaccines, by declaring agency documents non-existent, has made its claim of transparency, non-existent.

But pandemic laws arranging for unknown vaccines to be forced on the entire country are still in place with HHS creating a vaccine mixture that should never be used on anyone and all liability for vaccines having been removed. Meanwhile, a Canadian study has just proven that the flu vaccine containing the H1N1 vaccine which kills babies in utero, actually increases the risk of serious pandemic flu.

Americans who have been duped into submitting their children to the CDC’s deadly vaccines, have a means to respond now. People from every walk of life and every organization, must 


1. take the information from the UK FOIAs exposing 30 years of vaccine lies, the refusal of the CDC to provide any information on what it knows about those lies, and the Obama Administration’s efforts to hide the CDC’s awareness of those lies, and go to their state legislatures, demand the immediate nullification of the CDC vaccine schedule and the pandemic laws.

2. inform every vet. active duty military persons, law enforcement people, DHS agents and medical personnel they know, of the vaccine hoax, for their families are deeply threatened, too, but they may not be aware of it or that they have been folded into agency structures by the pharmaceutical industry (indistinguishable from the bankers and oil companies) that would make them agents of death for their country with the declaration of a “pandemic” emergency or “bio-terrorist” attack. It is completely clear now that the terrorism/bioterrorism structures are scams so that any actions taken to “protect” this country using those laws would in fact be what threatens the existence of Americans.

It was aspirin that killed millions in 1918-19. Now it is mandated and unknown, untested vaccines with banned adjuvants in them that threaten the country with millions of deaths. At the same time, the CDC is holding 500,000 mega-coffins, built to be incinerated, on its property outside Atlanta. Not to put to fine a point on this, but it’s clear now that the CDC should not be involved in any way with public health. 

Thanks to the Freedom of Information Act (FOIA), we know that vaccines are not a miracle of modern medicine. Any medical or government authority which insists vaccines prevent diseases is either ignorant of government documents (and endless studies) revealing the exact opposite or of the CDC’s attempts to hide the truth about vaccines from the public, or means harm to the public.


The health danger to American children and adults are vaccines.



RBC Wealth Management USA

by Allen Williams

Royal Bank of Canada (RBC) is a huge conglomerate featuring global asset management which  “is the asset management division of Royal Bank of Canada” located  in Canada,  the United States, Europe, Asia-Pacific,  Middle East and Africa, Latin American and the Caribbean.   Your investments work hard to build the globalist vision of a new order.

RBC is the 12th largest bank in the world based on market capitalization and the fifth largest in North America.”  Barron’s notes that RBC Wealth Management is looking to Grow having actively recruited a significant number of high profile investment managers over the last 8 years.

But all is not well in the RBC golden world of investment as RBC is charged with Negligence and Elder Abuse   If you have a few bucks to invest and you’re of retirement age then beware because the wealth management brokerages are going to milk you. What do you mean by that remark you might ask?   Well, older people are prime targets for abuse by investment firms because the money is there and ripe for the taking and seniors tend to be overly trusting.

We’re already seeing evidence of this in RBC’s late December 2017 User Agreement modification. RBC blocks you from viewing your own account unlessl you agree to their terms.

RBC User Agreement, Section 7C:

"IN ADDITION TO AND WITHOUT LIMITING THE FOREGOING, RBC CM SHALL NOT BE LIABLE FOR ANY HARM CAUSED BY THE TRANSMISSION, THROUGH THE PROGRAM, OF A COMPUTER VIRUS OR OTHER COMPUTER CODE OR PROGRAMMING DEVICE THAT MIGHT BE USED TO ACCESS, MODIFY, DELETE, DAMAGE, CORRUPT, DEACTIVATE, DISABLE, DISRUPT OR OTHERWISE IMPEDE IN ANY MANNER THE AVAILABILITY OF THE INFORMATION OR ANY OF YOUR SOFTWARE, HARDWARE, DATA OR PROPERTY."

This statement also removes liability from the transfer of erroneous information from ‘typos’ and other such glitches which may cost you money.  


RBC Capital Markets, LLC
60 South 6th Street
Minneapolis, Minnesota 55402
Attention: Client Support Services, Mail Stop P12
Phone: 1-800-933-9946 (Weekdays 8:00am-10:00pm ET and Saturdays 10:00am-6:00pm ET)

The White law Group reports:According to The Financial Industry Regulatory Authority, an all-public FINRA arbitration panel has awarded $212,000 to the estate of a former RBC Wealth Management client who had charged the firm with negligence and elder abuse.

"The attorneys of the client, the late Hazel Kitzman, charged that RBC Wealth Management engaged in the unauthorized sale of shares in the client’s account and in the unauthorized transfer of funds from an account at another firm. The attorneys requested compensatory damages of at least $1.5 million, treble  punitive damages and reimbursement of all legal costs, all of which the FINRA panel denied.”

Remember that ‘unauthorized RBC broker activity’ because we’ll see that again shortly. Think this is just sour grapes or a few disgruntled clients? Well, take a look at a host of other complaints as RBC Wealth Management Reviews compiles complaints summed  up nicely by ‘RK’ back  in January of this year with ”..Money sucking leeches. No fiduciary responsibility. Will suck you dry with fees.”

RBC Wealth Management meets that assessment.

Then there’s just the run of the mill abuse like a $140 yearly ‘account’ fee for not buying anything.  Remember interest rates are barely 3% and inflation is currently at 2.1%.  As a big or small investor you pay for not buying the financial investments a brokerage offers, even if you lose return on that investment.    The forced purchase of unwanted goods or services from corporations has become a global hallmark.  This policy causes older investors with smaller portfolios to purchase less desirable investments to keep their accounts from being pillaged by excessive and ruthless fees.

If you’re an elderly or a new retiree investor expect to be milked if you don’t know the ropes.  And, even if you do, the financial industry is structured such that there are no real penalties for fund mismanagement or cheating a client because the account holder must agree upfront to binding arbitration as a condition of getting an account   

Outside a court of law the odds swing dramatically in favor of the brokerage, so do not count on FINRA for any real relief.  The centralized global banking system is designed to extract wealth from the general populace virtually at will simply by changing the prime rate.   Fees for any alleged services are just icing on the cake.

The recent HSBC LIBOR rate fixing scandal illustrates just how easily the banks can cheat people and the Federal Reserve System has demonstrated how well its QE releases can rob the nations’ citizens of their purchasing power. 

These financial conglomerates own the various individual governments around the world and 20 trillion in debt buys a lot of favors.  Then there’s the annual revisions to Brokerage fee policies which can occur after you’ve committed significant resources to the firm.  Remember, whomever controls the money limits your options and ultimately controls you

 Be sure and read the fine print in the RBC periodic account updates so you’re not surprised by the latest excursion into your back pocket.

Controlling the investor market is the key to successful brokerages because interest rates are rock bottom low in the public sector.  And, it’s risky for individuals to play the stock market or derivatives in today’s environment.  So offering investments priced slightly above what’s available at the trough guarantees a pool of people with above average financial strength. 


Managing RBC  Investments


Managing a brokerage account at RBC will tax your time as much as if you were actually a broker yourself,  from watching for mistakes in tabulated interest to your accounts to  buying financial instruments that you didn’t want  just to satisfy an order.  Here’s an example of what can happen, even if you watch, from last December as I purchased a financial instrument from BOFI federal through the brokerage:  “I did not authorize a purchase beyond the BOFI investment.  If an additional $2000 worth of BOFI was not available, you should have called me to ask if I wanted to buy something else offering the same terms.  Obviously, you didn't think it was worth asking me what I wanted to do with my own money.”

The RBC Broker’s reason for the snafu? Why a ‘typo’, what else? Note that elderly investors don’t have the time to make up losses from bad deals that their brokerage might recommend like zero coupon J.P. Morgan chase securities which can pay zero interest for months until the consumer price index increases.  

If you have more than one brokerage account, then you must be prepared to buy something within the specified time frame for each account.  If you don’t buy regularly in a calendar year then you pay an ‘inactivity fee’ under the following conditions.

First, investment maturity doesn’t count. If you have an existing security and it matures then you get no credit  for reinvesting that principal with that brokerage.  

Interest from other investments that pay into your brokerage account isn’t activity either, ‘activity’ is only new purchases that lead to the broker making a profit from your account.  So, why keep it there?  Because it will cost you another fee to close the account anywhere from $90.00 upwards. 

Pursuant to the RBC  ‘user agreement’, I bought another financial  instrument in January 2018 with an end of the month settlement date to avoid the penalty ‘for not investing’.  Sounds like the Obamacare penalty, doesn’t it?

I received the RBC purchase confirmation in the mail.  But at the end of January the capital was still in my investment account so the purchase was in doubt as my agreement with the broker stipulated the money was to be transferred after the 26th of the month. I had to call the broker to discover that they had bought the instrument with their own money. Why?  This is highly irregular. I’ve never had securities bought on credit before without my knowledge and so this experience was of some concern given the wording of their user agreement:  “..until payment is made by you, securities purchases by you or held by us for your account will be or may be hypothecated comingled with securities for other clients. If payment or delivery is not made by the settlement date, we reserve the right without further notice to charge interest on the amount due shown on the face hereof..”

And despite what the brokerage may tell you, there is a good chance that an interest charge will appear on the next statement.  Also, guess who will be keeping the interest on the investment until the funds are transferred? So, if you can buy something on credit without client approval, why not double my order as well and hold me liable?

Even RBC’s instrument purchase confirmations are full of additional clauses that work against the account holder.  And there’s no recourse provision in these clauses for RBC negligence when a buy order isn’t executed because the user agreement requires client agreement to binding arbitration instead of a court of law or you don’t get the account.  So to find out what additional fees may have been dumped on you in a given transaction, you must request an explanation in writing or you get nothing: .this transaction may have incurred other fees..a complete breakdown of fees associated with the transaction  will be provided on your written request..”

If you’re looking for a place to invest, look well beyond RBC‘s client satisfaction hokum.


Trackside - The UN on Malaria

by John D'Aloia


Readers know what I think of the UN. Do not think that I have gone over the edge, but I want to give an atta-boy to the World Health Organization for supporting the use of DDT to control the malaria epidemic that claims the lives of millions each year. In September, Arata Kochi, director of the WHO Global Malaria Program, stated that "We must take a position based on the science and the data. One of the best tools we have against malaria is indoor residual house spraying. Of the dozen insecticides WHO has approved as safe for house spraying, the most effective is DDT." Another WHO official said "Indoor residual spraying is useful to quickly reduce the number of [malaria] infections ... and DDT presents no health risk when used properly."

Some eco-fascists still call for the complete ban of DDT, period. For those who inhabit these groups, human life is a cancer on the earth; malaria helps to reduce the number of humans. Banning DDT keeps the process working and saves the lives of countless mosquitoes. The Congress of Racial Equality has been working for years to get the use of DDT reinstated as a means of reducing human suffering and its economic impacts. Paul Driessen, a Senior Fellow at CORE, was quoted in an article in the December "Environmental & Climate News" on the impacts of malaria: "In addition to the needless deaths (100,000 people die of malaria each year in Uganda), countless millions are too sick to go to work or school. Other millions must stay home to care for sick family members. Is it any wonder that Sub-Sahara Africa is, and remains, one of the poorest regions on Earth?"

The U.S. government, which initiated the world-wide ban on the use of DDT in spite of the scientific evidence that it was not the end-of-the-world disaster claimed by Rachel Carlson, is changing its policy. Steven Milloy, in a Fox News article, reported that the U.S. Agency for International Development has endorsed and will fund the use of DDT for indoor spraying in Africa. The European Union is not so enlightened. Milloy also reported that the EU has threatened Uganda with a complete ban on its agricultural exports if it goes ahead with indoor DDT spraying. Milloy ended his article with "Let’s forget the myths about DDT - it’s time to stop malaria now."

"The tragedy of the commons" is a term used to identify a situation that happens all too often when property or goods are owned by everyone for the use by everyone. With no one responsible for the management of the asset to ensure a continuing supply, those using it have no incentive to take care of it or to concern themselves if it will be there tomorrow. Let George do it. The result is that the asset disappears. An example often given is a common pasture land open to all. It is not long before overgrazing destroys the pasture - no one was responsible for managing the number of head on the land to ensure that the asset, the grass, would be there tomorrow. Everyone wanted to ensure that they were able to graze as many head of the free grass as they could.

The antidote for the "tragedy of the commons" is private ownership. A microcosm of the "tragedy of the commons" is littering, seen in roads and parking lots across the country - how often have you seen a pile of cigarette butts on the ground about where the front door of a parked car would have been. It is probably a safe bet that the person who dumped them would not have dumped them in his own driveway. In our town, we spend a significant amount of money each year operating a street sweeper to clear the gutters of litter. I often wonder if the operation of the sweeper, affectionately known as "the slug" to some, could be reduced if people would take care of their own trash and not succumb to validating the "tragedy of the commons" thesis. In this case, "Let George do it" is exactly what happens - George is the slug’s operator.

There is another place in town where George and his machine cannot get, a connecting road between two built-up areas. It appears to be a magnet for trash discarded out car windows. If not for concerned citizens, the trash would accumulate for eternity and spoil what is in fact a pleasant walk along the pathway parallel to the road. Citizens often tell me that the city should do this or that "for the common good." Not littering represents something individuals can do "for the common good" - all it takes is exercising a responsibility for one’s own actions.


See you Trackside.




Republished from the old Eponym site in honor of former editor John D'Aloia


Trackside - Malaria cases increase with Ban of DDT

by John D'Aloia


What would you call an action, knowingly taken, that resulted in the deaths of tens of millions of people, people who lived in a certain part of the world? Does the word "genocide" come to mind? Consider these grim statistics - 50 million killed since 1972; almost 90 percent of the victims are in sub-Saharan Africa.

The perpetrators are the ecofascists who in 1972 convinced the federal government to ban DDT, a known eradicator of mosquitos, the malaria vector. The unindicted co-conspirators are the American people who, bowing to the ecofascists, have allowed the ban to remain in place in spite of the medical and scientific data that has shown that DDT "used according to the label directions" is not a danger to the environment or humans. (A DDT data synopsis is posted at https://junkscience.com/1999/07/100-things-you-should-know-about-ddt/.)


Socialists are enamored with environmentalism. It provides a rationale for a one-world government - we need a one-world government to be able to control population so as to be able to protect the environment. Think it far-fetched? As cited in "The Creature From Jekyll Island" by G. Edward Griffin, Bertrand Russell expressed it thus: "I do not pretend that birth control is the only way in which population can be kept from increasing…A scientific world society cannot be stable unless there is world government…" In the same book, Jacques Cousteau, interviewed by the United Nations UNESCO Courier in November of 1991, is cited to have said of death by cancer: "Should we eliminate suffering diseases? The idea is beautiful, but perhaps not a benefit in the long term. We should not allow our dread of diseases to endanger the future of our species. This is a terrible thing to say. In order to stabilize world population, we must eliminate 350,000 people per day."


With this mindset, malaria is a useful tool - the millions of deaths resulting from the ban on DDT produces the desired result. The death toll has raised up a new foe for the ecofascists, the civil rights organization Congress for Racial Equality. In a May 2003 press release, announcing a protest against a Greenpeace fund raiser, CORE stated: "Across Africa, malaria kills 2 million people every year, half of them children. Over 250 million more get this horrible disease and are unable to work for weeks or months on end, costing their countries $12 billion annually. Malaria also threatens Asia and Latin America. DDT and other pesticides, used in tiny amounts, can slash malaria rates and deaths by 80% or more. But Greenpeace absolutely opposes this and pressures the European Union to ban fish and agricultural exports (including tobacco!) from any African nation that uses DDT. Even the liberal New York Times says ‘wealthy nations should be helping poor countries with all available means – including DDT.’ But the callous eco-radicals refuse to budge."


CORE’s anti-Greenpeace protest was not a one-shot deal. A petition, in the form of a letter with as many signatories as CORE can muster was prepared to present to President Bush. The letter’s first two sentences set the tone: "There is no more important human right than the right to live. Without life, all other human rights are irrelevant." CORE went on to ask the President to take four actions: ask congressional leadership to schedule hearings and to ensure that taxpayer money funds the use of DDT and other measures that work; abolish the ineffective USAID’s malaria program; instruct government agencies to promote and fund the use of DDT when requested by officials in developing countries; and reduce or eliminate funding of any agency, U.S. or foreign, that obstructs or fails to support the use of DDT or other pesticides. CORE closes by stating "On behalf of hundreds of millions of parents and children in countries where malaria continues to take a terrible, unnecessary and intolerable toll, we thank you for taking a leadership role in helping to make this a humanitarian effort that transcends religious, racial, or political affiliations."


The ban on DDT not your problem? Think again. Malaria is found in the U.S. - and think West Nile, another disease transmitted by mosquitos. (Kansas had 731 confirmed cases of West Nile in 2003, with seven deaths.) These disease agents, and others, exist in this country - and so do the carriers, the zillions of little buzzing critters. A bit of DDT goes a long way towards the drastic reduction of the diseases they carry at a cost that compares not with the death and misery they cause.


See you Trackside.





Republished from the old Eponym site in honor of former Editor John D'Aloia.



The End of Bretton Woods

by Peter Coyne

Please, no more of this 'Nixon took us off of the gold standard' garbage!" writes one reader in response to yesterday's reckoning. If you missed it, we learned about two precursors to our present monetary woes in that episode:

First, we learned from our founder, Addison Wiggin, that 70 years ago, during the Bretton Woods Conference at the end of World War II, the world left the gold standard. The United States, being the world's undisputed hegemon, was able to snag a role as the world's reserve currency -- the most widely held and used currency. To maintain trust in the greenback, foreign nations would be able to trade $35 for an ounce of U.S. gold upon request.

Second, in our first featured video -- an interview we conducted with Mr. Lewis Lehrman last year -- we learned that the U.S. abused this privilege by running massive trade deficits. That is, by spending more money that it had to buy more than it produced. Finally, instead of worrying about balancing the books, President Nixon decided 43 years ago this Friday to remove the one hurdle to unlimited government spending -- convertability of the dollar into gold.

That brings us back to our dear reader. "FDR was the one who removed us from the gold standard when he issued an illegal executive order that prohibited citizens from owning gold":




© 2014 Agora Financial, LLC

 

QuotesHe ordered them to turn in gold, and made it impossible for any American to convert gold notes to actual gold. Nixon in fact made gold ownership legal again by ending FDR's prohibition, and protected America's gold stores, (whatever we had then), from being taken by the British, etc., by doing as this writer describes.

"If someone wants to point a finger, point it at FDR, who took us off gold, and at LBJ, who removed silver from our coinage, both unconstitutional and illegal moves that Congress went along with.
Quotes

We have no qualms over your history. Our point, however, is that the global monetary system shifted on Sunday, Aug. 15, 1971. Since then, the dollar's value has been an enigma.

What is a dollar?

It's just a claim to another dollar… or four quarters… or 10 dimes. You have to pay taxes with it, so most people use them. But it has no intrinsic value.

We're reminded of the C-SPAN clip featured in Addison's documentary I.O.U.S.A. It was between Federal Reserve Chairman Alan Greenspan and our former employer, Congressman Ron Paul. Greenspan agreed that no one really knows what money is today, and therefore, there was no way the Fed could hope to ever manage it:

 Alan Greenspan: As I've said earlier, the difficulty is defining what money truly is. We have been unable to define a monetary aggregate that will give us a reliable forecast for the economy. Until we find a reliable "M" we will go light on the use of monetary aggregates for monetary policy purposes.

Ron Paul: So it's hard to manage something you can't define.

Alan Greenspan: It's impossible to manage something you cannot define…

Our theme this week, the "End of Bretton Woods," was Dr. Paul's impetus for running for Congress in the first place. "I saw 1971 as the conversion from a token commodity money,  to an absolute political money."

We can tell you from working for the good doctor that he had no delusions about the mission he was on. Dr. Paul was under no impression that he alone could reverse the ship of state's course toward monetary collapse.

In the final years of his congressional tenure, he was even able to claim a small leadership position over the Financial Services Subcommittee on Domestic Monetary Policy and Technology. That's one of the subcommittees that oversaw the Federal Reserve's decisions.
 
Politics, Dr. Paul notes, is, at best, a tool for education. 

Yet , one congressman can hardly alter the political situation. Politics, Dr. Paul notes, is, at best, a tool for education. Part of this week's theme is education, for sure. Understanding the ways that your elected representatives have altered the money at your expense for political reasons is the first step to realizing it can happen again.

It's important to keep in mind, however, that the likely solution is not a political one.







© 2014 Agora Financial, LLC