The Creature From Jekyll Island (Video) Explains Why The U.S. Financial System is Corrupt & How It Got That Way
The Creature From Jekyll Island: This Video Explains Why The U.S. Financial System is Corrupt and How It Came To Be That Way.
This Blog Post and Accompanying Video Playlist Is Designed To Help Explain The Complex Nature Of The "Federal Reserve" Aka The U.S. "Banking Cartel" And Why We Need To Have An Alternate Way Of Paying For Our Goods And Services That Is Less Costly And More Technologically Advanced (Like Bitcoin Or Any Other Via Virtual Currency) As Compared To What We Have Now.
"Let Me Issue And Control A Nation's Money And I Care Not Who Writes The Laws."
Mayer Amschel Rothschild,
"If The American People Ever Allow Private Banks To
Control The Issue Of Their Currency, First By Inflation,
Then By Deflation, The Banks And Corporations That Will Grow Up Around Them Will Deprive The People Of All Property Until Their Children Wake-up Homeless On The Continent Their Fathers Conquered"
"It Is Well Enough That People Of The Nation Do Not Understand Our Banking And Monetary System, For If They Did, I Believe There Would Be A Revolution Before Tomorrow Morning."
More Very Revealing Quotes By Some Prominent Businessman, Senators and Congressmen About Our Country's Monetary System!
The title "The Creature From Jekyll Island" refers to the November 1910 meeting at Jekyll Island, Georgia, of six bankers and economic policymakers, who represented the financial elite of the Western world. The meeting was recounted by Forbes founder B. C. Forbes in 1916, and recalled by participant Frank Vanderlip as "the actual conception of what eventually became the Federal Reserve System". Griffin states that participant Paul Warburg describes the Jekyll Island meeting as "this most interesting conference concerning which Senator Aldrich pledged all participants to secrecy".
Griffin's work stresses the point which Federal Reserve chair Marriner Eccles made in Congressional testimony in 1941: "If there were no debts in our money system, there wouldn't be any money." Griffin advocates against the debt-based fiat money system on several grounds, stating that it devours individual prosperity through inflation and it is used to perpetuate war. He also described a framework of central bankers underwriting both sides of an ongoing war or revolution. Griffin says that the United Nations, the Council on Foreign Relations, and the World Bank are working to destroy American sovereignty through a system of world military and financial control, and he advocates for United States withdrawal from the United Nations.
The "Mandrake Mechanism"Also known as the money multiplier effect, the Mandrake mechanism is a term coined by Griffin in this book. Mandrake the Magician was a comic strip character from the 1940s. He had the ability to magically create things and, when appropriate, make them disappear. Griffin's view is similar to many other gold-standard supporters' critique of the fractional-reserve banking system and the Federal Reserve in particular: that it makes money "magically" appear from nothing.
In Griffin's view, the "magical" quality of this mechanism is really just a simple mathematical limit. When banks loan money, they don't actually loan existing money. Rather, they allocate money to loan, but they are limited by how much money they can create. The law basically says that, for each dollar a bank has on hand in one of its savings accounts, it is allowed to create another 90 cents to give out as a loan. (The dollar from the savings account is still there, and can still be spent by the person who owns the savings account.) This loan is then spent, and the recipient puts it into another bank, and that bank can now loan 90 cents times 0.9 = 81 cents. This can be repeated many times (depending on the demand for loans) until it approaches its mathematical limit of 10 dollars.
For example, when the Federal Reserve holds on deposit 1 billion in marketable United States Treasury security then the banks in the banking system, public and private, and bound by U.S. financial law, are able to generate 10 billion in new debt over time.
Additional Resources And Solutions:
* Monetary Reform Act
* Majority Of U.S. States Join Sovereignty Movement, Assert 10th Amendment Rights (Video)
* Abolish Fractional Reserve Banking
* Bernard@libertydollar.org (Liberty Dollar) Subscribe To His Newsletter To Stay On Top Of This Case As It Develops You Can Sign Up Here.
* Form For Disallowing IRS Income Tax Collection
* Book: Ron Paul's Revolution
* What is BitCoin and How Does It Work?
* I.R.S. Can't Identify Law Requiring The Payment Of Income Taxes
Supreme Court Rulings Denying The I.R.S. The Authority To Collect An Income Tax: http://tinyurl.com/m33efj4 (There Are Numerous Other Supreme Court Rulings Stating The Same: http://tinyurl.com/m85te6s).
“We are of opinion, however, that the confusion is not inherent, but rather arises from the conclusion that the 16th Amendment provides for a hitherto unknown power of taxation; that is, a power to levy an income tax which, although direct, should not be subject to the regulation of apportionment applicable to all other direct taxes. And the far-reaching effect of this erroneous assumption will be made clear…” Brushaber v. Union Pacific R.R., 240 U.S. 1, 11 (1916)
* America From Freedom To Fascism (Video):
See Video Section 25:00 Minutes To 30:00 To See Actual Proof Demonstrating That The I.R.S. Has No Legal Authority For The Collection Of Income Taxes, Seizure of Property For Non-Payment, Audits Of Citizens Tax Filings, etc.: http://youtu.be/gKToYTOE128
The I.R.S. Also Fails To Actually Define Income: See Video Section 32:41
Feel free to send this letter to the White House (Fax: 202-456-2461), your congressman and/or senator, etc.
(Edit where necessary)
To Barack Obama,
On top of everything else you have to contend with.. I think It's high-time we address the issue of "monetary reform" it seems that the banking system "cartel" have their own agenda (world domination?) in terms of what they (the Federal Reserve and the Central Bankers, etc.) want to see happen to the U.S and the world's monetary system vs what the American people actually expect from these same institutions.
We (you, the Whitehouse and I) need to urgently communicate the message that there is a major problem with these institutions and how they operate (fiat currency, fractional reserve banking, debt-issuance, engineered boom and bust cycles, etc.).
You already should and will achieve legendary status because of what you've accomplished with healthcare reform, capturing Osama Bin Ladin, etc.
However, to take on the banking cartel with the help of the eager youth of today, the Internet, virtual currencies, etc. You will rival Thomas Jefferson and Andrew Jackson, for they knew and admitted publicly what central banking meant for democracy.
We are in a prime position to actually prepare the USA and lead the world into the 21st century by reforming the monetary system even if it means abolishing the Federal Reserve.
What do I need to do to help out in this effort and how can we (you, the Whitehouse) and the American people do to finally fix this last and critical area of economic manipulation.
Monty Henry, Owner
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