Tim Russert Interview with Paul Krugman and Bill O Reilly

Highway Robbery - The Federal Reserve. Part1

So this is how our money system works since 1912. The Federal Reserve is a government entity comprised of Private and Public entities. the Private entities are comprised of 12 private regional Federal reserve banks, each with it's own board of directors. Since 1980 all depository institutions are required to set aside reserves with the Federal Reserve.

Let's start with the Federal Reserve Rate? Have you ever heard of it? Do you know what it is? The Federal Reserve (which is a group of banks and president appointed board members) can dictate the rate at which the big banks loan money to the small banks. This gives the big banks (which are part of the Fed, and the decision making process) huge control over the nations money, keep in mind these smaller banks are required to store money with the Fed in the first place and if they need money they have to have it lent to them from the the Fed.

There's another business that operates this way.. Organized Crime.

"Yeah me and Vinny over here are goings to holds your monies for yous, you know to keep it safe and all, and just in case things get ugly you know, like the stock markets crashes or somethings, and if yous need some monies, yous can come see me and Vinny here and we'll give you a loan see?"

Basically the Fed is highway robbery. It was formed by the major New York Banks of the early 1900's Including JP Morgan and John D. Rockefeller Jr on a private island off the coast of Georgia appropriately called "Jekyll Island". Here's a quote from the founder of Forbes Magazine:

Forbes magazine founder B. C. Forbes wrote:

"Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundreds of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written.^[68]"

This rabbit hole is deeper than can be covered in one post let alone a book. So I will continue to dig into the matter and post the findings in parts.

A Nation that builds well nothing

Manufacturing Employment, 1970-2004.

A disturbing look at the extreme dip in manufacturing employment in the U.S. shows that America has decided not to build things, a new direction that seems to be the preferred way to go.. at least for the large corporate shareholders and their executives. It's easy to understand, profits will rise sharply due to cheaper labor and a lack of unions and labor laws in the outsourced countries, stocks will rise, big cats on wall street will swim in the dough and companies like Rolex and Armani will flourish. Well hell, it seems like a pretty good idea, that is - good for a very small percentage of the population. What of the rest of us facing record unemployment rates, poverty, welfare and all the lovely little things that go with a huge population that is now broke? It's simply unfair for an American corporation to manufacture it's goods overseas to a country that manipulates it's currency to an unfair advantage and has little to no labor laws. When will ethical business standards be issued? Is a profit only associated with a dollar amount? Are there no other considerations as to what that dollar of profit has cost the country and it's people to be earned? If for every dollar of profit an American job is lost, then It may not be worth it.

I'm glad I have Bad Credit

Yes I just said that I'm "Glad" to have bad credit. I have had bad credit for the past 8 years, even though all my bad credit is from 8 years ago, I still have it and it has still impeded me from what I can assure you would be thousands upon thousands of dollars in debt! You see the problem with credit is that when you issue it, well people use it and use it plenty. It's kinda like giving children the option to have Christmas early, they don't need to have their presents now, but they would like them, they haven't earned their presents yet (by being good little boys and girls) but they promised they would be and will do extra chores around the house, promise! promise! What if the next month the kids call Santa, so jubilant by their early gifts of this year that they'd like to have next years gifts early too, and they promise to do even more chores and good deeds around the house!? Before you know it these kids have gifts up to their forties are fat on sugar cookies and Jimmy doesn't know what to do with his new shaving and cologne kit. In addition what if at the end of the year it turns out they were bad little boys and girls? What then? Well Santa (Chinese Banks) may want their presents back, but they've already used them up and Jimmy broke his! It turns out the kids had been skipping school to play with their early gifts, mouthing off to their parents, because hey who needs to behave? They've got gifts till their forties. Hmm maybe we should have just told them to wait till Christmas and behave like good boys and girls and earn their presents!