Babylon's Bankers

REFLECTIONS ON THE IOWA DEBATE: AUDITING THE FED AND BULLION STANDARD

Well, it's been a few days since the Iowa Republithug presidential debate, and I've calmed down now, and hope I can be semi-rational in my reactions to what I heard.

What amazed me was that two candidates, Ron Paul and former House Speaker Newt Gingrich, both called into question the notoriously corrupt Federal Reserve Bank's role in the financial meltdown. Both men, in my opinion, are essentially correct: it is ludicrous in a free society to turn control of the nation's money over to a coterie of private bankers who render their decisions in secrecy, and who refuse to tell to whom the bailout money was given. Both candidates, in my opinion, are correct.

Then, amid several passionately argued pleas, candidate Ron Paul also called into question our whole imperial war-on-terror policy. Then, much to my surprise, Paul echoed the call of the Tea Party contingent, calling for a return to the gold standard.

Here I can hear the distinctive echoes of the argument that banksters have used throughout history, namely, that a bullion-backed currency is the only hedge against inflationary policies of runaway governments. But let's face certain facts here. The "backing" of a state-issued currency isn't bullion, it is the gross domestic product of the nation issuing such currency itself. Consider: mere bullion has never been a hedge against nations printing and borrowing money. Most nations of the world were on a bullion standard prior to World War One, but the vast expenditure of that war by all combatants forced them into a situation to borrow - again from private bankers - money in amounts beyond that which could be backed by their bullion stocks.Governments, and bankers, inflated their currencies notwithstanding the "backing" of bullion. In fact, by the end of the war, it was clear that the bullion backing had broken down.

Bullion itself, is in the hands of the very banking class that now loans its monetized debt into circulation. In short, we don't need a bullion backed currency, though arguments can be advanced that such backing is a stabilizing feature for currency. What we really need is two things: (1) constitutional money, real money, not monetized debt which is the facsimile of money, and (2) we need to honor and service the existing debt, and to bring it down.  After all, bankers, corporations, and countries have invested in American debt in good faith.

We will not get constitutional money until we realize the Federal Reserve is not an institution of the Federal government, but a private bank. But by the same token, we need to realize that simply lunging in like Philip le Bel and shutting it down in one "coordinated strike" will probably prove no more successful than his own lame attempt against the Templars. Tackling the problem of the Federal Reserve and its undue influence over this nation's economic health requires care. An audit, to my mind, would be the place to start.

What is ultimately refreshing is something that candidate Ron Paul observed: it is refreshing that the mainstream media is finally alive to the fact that the Federal Reserve itself is a legitimate issue for political discussion. That is, to put it mildly, a massive sea change from 2008, when candidate Paul was all but censored out of existence by the mainstream media for presuming to raise the issue. Whether or not this will remain a main issue remains to be seen. We need to insure that it does.

22 thoughts on “REFLECTIONS ON THE IOWA DEBATE: AUDITING THE FED AND BULLION STANDARD”

  1. The scam operates under several provisions brought into place during and since the War between the States, the primary provisions are:

    1,) Emergency Powers (War between the States) 1860
    2.) The Lieber Code 1863
    3.) District of Columbia as the de facto mercantile government off setting the American Republic 1871
    4.) The 13th, 14th, 15th, 16, and 17th Amendments
    5.) Federal Reserve Charter 1913
    6.) The Trading with the Enemy Act. 1918
    8.) Independent Treasury Act 1921
    9.) National Bankruptcy declared 1933
    10.) The Trading with the Enemy Act as amended 1935

    And with all of the above in place, the Congress does whatever they want to . . . they control the People through the “Columbia Corporation”. The process is wholly commerce and mercantile while the People remain with their hands tied primarily under the perpetuated War Powers Act and martial law arising out of the LIeber Code and when these ignorant people “Register to Vote” as a franchised citizen, they voluntarily submit and surrender by acceptance to all of the above provisions as a “presumptive enemy of the state” of the forum under martial law and the 14th Amendment while at all times being held to the use of worthless Military Scrip that cannot secure any form of property and as one of the “Grunts” aka “U.S. citizen” having exercised the elective franchise to be “TREATED” as one of the federal lemmings being “Domiciled in the District of Columbia” for commercial and other unrevealed economic purpose into the indefinite future . . . WELCOME TO THE REAL MATRIX!

    1. Got links to these laws, sans a redefinition of “municipal” that 1871 law doesn’t say what you imply.

    2. Jay, you’re correct. Its a grab bag of actual law (the 13th Amendment abolished slavery, and that’s bad… because?) and fictitious events (martial law means military law and court martial, last I checked the police still hauled criminals before civilian judges) that just doesn’t make any sense.

      Not sure if he’s muddying the water unintentionally or intentionally.

  2. “Here I can hear the distinctive echoes of the argument that banksters have used throughout history, namely, that a bullion-backed currency is the only hedge against inflationary policies of runaway governments… The “backing” of a state-issued currency isn’t bullion, it is the gross domestic product of the nation issuing such currency itself.”

    Agreed, so turn the trick back on them with “fiat coin money”, such the recent suggestion to sidestep the debt ceiling y the Tsy Secretary minting a 1 oz $1 trillion platinum coins. Not unrelated to this, I thought Babylon’s Banksters was a wonderful book. :o)
    http://johnsville.blogspot.com/2011/07/debt-watch-coin-trick-trillion-dollar.html
    “The idea originated** from a writer named “Beowulf,” who is a frequent commenter on lefty blogs like FireDogLake, New Deal 2.0, and also Warren Mosler’s MMT blog…. fully explaining the idea on the Fire Dog Lake blog back in January… The idea just started to get serious traction the last few days as the debt stalemate has grown more intense and partisan. Yale constitutional law professor Jack Balkin floated it as an option in a CNN op-ed yesterday (July 28th).”

    In fairness, I’ve since read that Ellen Brown suggested something similar a few years ago (if you mentioned it in Banksters, I’d forgotten it) and I’m not really a lefty, voted for McCain last cycle. But the linked article otherwise accurate.

  3. RE: “bankers, corporations, and countries have invested in American debt in good faith….” Sometimes I wonder about this. DID those entities really buy all those Treasuries “in good faith?”

    Since the largest holder of Treasuries is the Federal Reserve itself, can we really say that THEY have invested in America in good faith?
    [see: http://blogs.wsj.com/marketbeat/2011/06/09/the-fed-is-the-biggest-holder-of-us-debt/ ]

    And the top foreign holders of Treasuries, according to this page cited below, are: China, Japan, UK, Oil Exporters, Brazil, Taiwan, Hong Kong, Russia. Did those companies really buy Treasuries and expect to be repaid? Or are they planning a different kind of payment plan?
    http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

  4. Those pretending that the endless bloody genocidal wars, wars that are pointless and are paid for by increasing public debt, are somehow more beneficial to the American common weal than to rapidly and decisively affect a Knight’s Templar type purge of the Federal Reserve banksters, the various Round Table groups including the Bilderberg, the Council on Foreign Relations, the Trilateral Commission, etc. would do well to consider that this same cabal has caused wars and supported dictators that have killed hundreds of millions of your fellow human beings; many of them in your own lifetime.

    It would be a GOOD thing if all these parasites and murderers of humanity were eliminated in a single day. Oops, let me correct myself. It would be a GREAT thing if it could be done. The alternative is nothing less than prolonged misery, death, and destruction of the entire human species.

    I, for one, would rather see with my own eyes this grand and glorious day occur in my life and in my waking hours. There would be negative side effects to be sure. Humanity would convulse. Yet it would be a quick and short-lived convulsion much like a dog shaking off a bunch of flees or, perhaps more accurately, like a bear or other wild animal shaking off stress immediately after being set free back into the wild.

    I would rather have things set straight in MY time, while I walk the Earth, so I can do my part in setting things right and repairing anything that gets damaged in this GREAT TIME than to pass on such slavery and desperate lack of hope to my children, grandchildren, great-grandchildren…

    As for the astronomical debt that the Federal Reserve has printed up out of thin air:

    1. This is too much debt to ever pay off.
    2. America is NOT morally obligated to pay this debt.

    The Federal Reserve was never lawfully set up nor did the corporation UNITED STATES lawfully contract with the Federal Reserve. It has all been a fraud and a scam from the beginning.

    The “sanction of the victim” is the willingness of the good to suffer at the hands of the evil, to accept the role of sacrificial victim for the “sin” of creating values. It is the sanction of the victim that this debt requires and that this debt is aimed at evoking.

    Take a tip from John Galt:

    “Then I saw what was wrong with the world, I saw what destroyed men and nations, and where the battle for life had to be fought. I saw that the enemy was an inverted morality—and that my sanction was its only power. I saw that evil was impotent—that evil was the irrational, the blind, the anti-real—and that the only weapon of its triumph was the willingness of the good to serve it. Just as the parasites around me were proclaiming their helpless dependence on my mind and were expecting me voluntarily to accept a slavery they had no power to enforce, just as they were counting on my self-immolation to provide them with the means of their plan—so throughout the world and throughout men’s history, in every version and form, from the extortions of loafing relatives to the atrocities of collectivized countries, it is the good, the able, the men of reason, who act as their own destroyers, who transfuse to evil the blood of their virtue and let evil transmit to them the poison of destruction, thus gaining for evil the power of survival, and for their own values—the impotence of death. I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win—and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was “No.””

    So I say “NO!” to this fictitious debt. CTRL-ALT-DEL!!!

    Take a really good look at that eye in that pyramid on the one dollar FEDERAL RESERVE NOTE and fasten your seatbelt for a little bit of financial analysis now.

    There are TWO constitutions. There is the Constitution for the United States and there is the CONSTITUTION OF THE UNITED STATES. The former has thirteen Amendments and sets the laws for free men. The latter has twenty-seven Amendments and provides rules for governing the corporation.

    BOTH constitutions contain Article One, Section 10 which says:
    “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts…”

    So, when you pay your state income taxes, or you pay a traffic ticket, or whatever and you pay with FEDERAL RESERVE NOTES, your state CAN’T EVEN ACCEPT PAYMENT ACCORDING TO FEDERAL LAW. So what DOES happen then?

    Well, you are acknowledging a CORPORATION and you are contracting with it. Further, you are NOT paying off any debt by paying with FEDERAL RESERVE NOTES. Whoever accepts your “legal tender” is accepting the debt you passed on to them when they accept your dollar BILL.

    So it’s all a scam.

    Money is a store of value, a value being that which you act to gain and keep. For something to function as money, it is generally considered to have to satisfy four criteria:

    1. Money must be durable so that it may last in circulation as it passes from hand to hand.

    2. Money must NOT be easily counterfeited so that its integrity is insured.

    3. Money must be portable so that it can be passed from hand to hand easily.

    4. Money must have intrinsic value to prevent inflation (beyond a point anyway. It’s kind of like a one-way clutch in an automotive torque converter.).

    While gold, silver, copper, and other precious metals satisfy all four of these criteria, they are NOT the only things that do.

    That’s my rant and I’m sticking to it.

    1. Okay then, what about bankers you know? And what about things you use that the debt bought? Like highways and the internet?

      It’s easy enough to pay off.

      As I’ve already posted here: For those who’ve paid attention gold aint to hard to make. So that could fairly easily be “counterfeited”.

      1. If gold is “(sic)aint (sic)to hard to make” then please make up a few ounces for me. Make up some for Dr. Farrell to. I am sure he would appreciate it.

        1. If you don’t know why that aint going to happen then you really don’t pay too much attention.

          “Thanks” for the grammar lesson.

          Work to deepen your understanding of the world.

          1. Yep on my typo. There is one at the beginning too. I wasn’t trying to give you are grammar lessen. I just wanted to make sure any potential readers knew that I was quoting you accurately.

            As for “what about bankers you know;” it is exactly because of the bankers I know that I don’t use banks.

            Also, “that aint going to happen ” because it is impossible.

            Now, I’ve played in your sandbox enough. I hear Ferris Buehler calling so that means it’s time for me to go. Laters.

          2. Sorry alchemy is well documented. That you’ve predecided it’s “impossible” is not my bailiwick.

            If you have any kind of insurance you’re dealing with bankers.

          3. Somehow you’ve missed J Wood and Hutchison, to name two with a minor connection to that to which I allude.

    2. Your absolutely right, and none of this pertains to anyone but those 14th amendment US citizens of the federal district(corporation). By using our birth certificate to create the credit to borrow against, we, the natural born men and women are the creditors, not the debtors.
      For a fuller explanation, please watch the video “season of treason”, although I suggest Jay skip it as it will only be a waste of his time and set him off disagreeing….again.
      http://www.youtube.com/watch?v=2LxY_H5V0Kw
      Also recommended is the interview with Aaron Russo describing what his friend Nick Rockefeller told him about the globalists plan for all of us.
      http://www.youtube.com/watch?v=7nD7dbkkBIA
      Again. Jay, please feel free to skip over this one too.

  5. Robert Barricklow

    Great analysis!
    Serendipity. There is a discussion of this on/
    google: progressive news hour 08/14/11

  6. Well its a long race to the top and will it really make a difference who’s in US office as the debts will still be there? Peace not war:)

    1. I think that’s the point to have the wars and the debts still there, so as to destroy effective social programs like Medicare and Social Security, and clean water, and construction site safety and good public universities, and then to further destroy civil liberties with more laws akin to the Patriot Act and the even more egregious Military Commissions Act.

      Those wars and debts are there to keep the citizenry in fear.

      Ironic the last president to start paying off a bit of the debt.

      The Onion’s headline upon the installation of GWBush into office: “Era of Peace and Prosperity Ends”.

      The debt is pretty easy to pay off, but “they” don’t want that. There are many theys, not simply the Federal Reserve.

  7. Right, like the Fed audit Sen. Bernie Sanders (Independent or mild Socialist of Vermont) proposed.

    Gingrich is an opportunistic thug. And as you point out Paul’s gold position is unhelpful.

    To be fair: I believe Ron Paul and Bernie Sanders agreed on the Fed audit thing.

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