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The Federal Reserve Is Destroying America
- Text size
Lee Rogers
Funny Money Report
March 18, 2008
It is incredible to see the rampant devaluation of the U.S. Dollar. The Federal Reserve just hours ago made a rare cut of 25 basis points during the weekend which will cause even more inflation. Gold immediately moved up $20 an ounce and the U.S. Dollar Index plunged under 71 in international trading. If this type of market activity continues the U.S. Dollar will have no value in a few months. While it is probably unlikely that we will see a hyper-inflationary collapse of the U.S. Dollar within the next few months, these policies are entirely unsustainable. If the Federal Reserve does not move to defend the value of the U.S. Dollar we will eventually see a hyper-inflationary collapse and worldwide financial turmoil. This view is also shared by other well respected financial analysts. Peter Schiff recently raised concerns about a hyper-inflationary collapse of the U.S. Dollar, Robert Reich a former Clinton cabinet member believes we are facing a depression and Alan Greenspan the man who caused this whole mess wrote in the Financial Times stating that we are facing the worst financial crisis since World War II. What’s amazing is that the Federal Reserve isn’t even trying to protect the U.S. Dollar because all they care about is saving the power of their private banking cartel. They don’t care about the U.S. Dollar nor do they care about the country itself. They are destroying this country through their actions and there needs to be an investigation into the controllers of this bank.
Alan Greenspan saying that we are facing the worst financial crisis since World War II is like a killer returning to the scene of their crime and explaining the results of their crime. Greenspan recently told nations in the Gulf to drop their currency pegs to the U.S. Dollar which encouraged a further drop in the U.S. Dollar. Greenspan’s Financial Times article will cause an even greater acceleration in the collapse of the currency. As the former head of the Federal Reserve, his comments still hold a great deal of importance with people around the world. This means that his comments can literally move the value of the U.S. Dollar one way or another. It is incredibly sick how Greenspan can get away with creating the current crisis we face with his low interest rate policies earlier this decade and analyze the problems that are occurring today that were a result of his own policies with no criticism from the corporate controlled media.
JP Morgan announced that it is completing its buyout of Bear Stearns marking further consolidation in the financial industry. Last Friday, the Federal Reserve with JP Morgan stepped in and bailed them out from going out of business. This was an unprecedented move by the Federal Reserve stepping in and bailing out a failed financial institution.
JP Morgan will buy Bear Stearns for $2 a share which is amazing considering that this stock was trading for around $50 a share just weeks ago. There’s also talk that Lehman Brothers and other large financial institutions might be facing a similar fate.
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The U.S. Mint announced that it wants to start melting pennies using steel. According to the U.S. Mint it is now costing them 2 cents to produce every penny and 10 cents to produce every dime. Instead of targeting the real problem which is the Federal Reserve, they’ve decided they want to change the melt content of the coins which completely ignores what’s really happening. The U.S. Mint should be questioning the irrational policies of the Federal Reserve which has caused inflation to run out of control. It’s the Federal Reserve that is causing the metal prices to cost more which is resulting in the production cost of the coins to skyrocket. This is not very difficult to figure out.
There’s no question that inflation is out of control in this country considering that gold, silver, oil and food prices are skyrocketing. In order to provide even more liquidity for the banks, the Federal Reserve made a rare 25 basis point rate cut over the weekend and are poised to potentially cut rates again this week even as early as tomorrow. This is going to be catastrophic for the U.S. Dollar.
With all this going on it is amazing to see characters like George W. Bush and Henry Paulson state that the economy is doing just fine and not to worry about what’s happening. White House Press Secretary Dana Perino also stated at a recent press conference that she is not allowed to talk about the value of the U.S. Dollar and that all questions pertaining to the U.S. Dollar needs to be directed towards the U.S. Treasury. Of course Paulson the U.S. Treasury Secretary has absolutely no control over the value of the U.S. Dollar because that responsibility lies with the Federal Reserve since they set interest rates and fix the value of the currency. Amazingly when Ben Bernanke the head of the Federal Reserve testified in front of Congress, he directed any questions about the value of the U.S. Dollar to the U.S. Treasury despite the fact that he controls the value of money through their policies. This is absurd. They treat us like we are a bunch of idiots, and this is an obvious attempt by the establishment not to talk about the collapsing currency which is one of the biggest issues of the day right now.
There are even tent cities popping up in California. Of course the Federal Reserve can spend billions to bailout banks, but they won’t help the average middle class homeowner that might be thrown out into the streets as a result of what they did through their policies. When will people understand that the Federal Reserve is a private central bank that is merely looking to preserve the interests of the banking cartel?
Bush has confirmed that he will be meeting with the President’s Working Group on Financial Markets otherwise known as the Plunge Protection Team this week. There’s no doubt that this will be an important meeting considering the recent events in the financial markets. It is clear that this group stepped in today to suppress the gold price. After a $20 spike during international trading, gold has lost all of its gains and the U.S. Dollar has seen an amazing recovery. This is totally ridiculous considering the combination of the Bear Stearns news, Greenspan’s outlook in the Financial Times and the rate cut. These people generally step in to move the price of gold down on days when you would normally expect it to move higher in price and today was no exception. Even the most novice of investors can understand that this type of activity makes absolutely no sense without market manipulation.
At this point it seems pretty certain that we are facing an inflationary depression. What’s awful is that much of this is being done by design. The Federal Reserve would prefer to save the banking cartel instead of doing what’s best for the American people. A stable U.S. Dollar would be what’s best for the American people but of course they aren’t moving in that direction. It is likely that we are seeing the start of a domino collapse in the U.S. financial system and it’s going to get ugly. If you haven’t bought gold or silver already you are completely insane. In the next few years we may very well see a point in time where you can buy an ounce of gold for the same value as the Dow Jones Industrial Average. Only when we reach close to those levels will we know that we might be near a top in the gold price and even that is being conservative considering what’s happening.
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March 18th, 2008 at 5:40 am
Money is the root of all evil
March 18th, 2008 at 5:46 am
Ron Paul for President 2008.
As Republican or Independent.
Let’s make the vote count for something…
March 18th, 2008 at 5:50 am
Hello Amerikka !
All the people not beeing wanted in the homeland were leaving their countries hundrets of years ago. They killed all the nature people (Indians) to set their fat and bloody asses in foreign countries.
They destroy the world by giving useless things to humankind, as you see on tv and in newspapers, there is nothing more dumb or more killing the world than these people coming to the new babylon which is defenetly Amerikka the most wacked ! You`ll get what you deserve !
Your leaders are kindergarden people , no brain at all.
There is no way for you amerikans to get out of this, you will all go down so soon because there is still the good will winning. You have no will at all you stupid nation of brainless.
Keep all youre shit coming out of you by yourself no one wants you !
You so sick ! Go out and die !
March 18th, 2008 at 5:54 am
re #1 sorry but you have that wrong -
it’s “LOVE of money is the root of all evil” – money in and of itself is not inherently evil, it’s just a tool. It’s the human element of greed that is the root of all evil.
March 18th, 2008 at 6:11 am
Can you American people please tell me why you are not out on the streets in mass protesting about the Fed?! Will the majority of you guys have to be living in tents before you get mad?!
March 18th, 2008 at 6:20 am
You are right allen but the actual quote from the bible is love of money is the root of all evil.
March 18th, 2008 at 6:23 am
i hate emerika,our founding fathers where no more than a bunch of kill happy,thieves.so when you start a country with that,what do you expect to happen?when you stand up in emerika…you lose your seat.screw the war,the money,our murdering founding fathers,the fed reserve..ask not what you did to your country..ask what your country did to you.
March 18th, 2008 at 6:24 am
It’s important to define it as so, especial among others. Spread the word, the Federal Reserve and the UN are forcing America’s destruction.
March 18th, 2008 at 6:27 am
Makes one wonder what incident will happen around April 15th tax time . They have to remind everyone that the citizens can’t do without the government. Remember the Virginia Tech shooting on April 16th.
March 18th, 2008 at 6:47 am
Give me liberty or give me ameros.
March 18th, 2008 at 6:57 am
And most yanks still sit home, drinking coke, playing x-box like nothings happening…
March 18th, 2008 at 7:15 am
No investigation is needed about the FED and world bankers. They are guildty of genocide as they stand. All that is need is some good strong rope and some good strong trees and the guts to do what is needed.
March 18th, 2008 at 7:22 am
Zeitgeist
March 18th, 2008 at 7:57 am
kill ‘em all
March 18th, 2008 at 7:58 am
We are letting them destroy our country is more like it. And by the way our country is not our land only but us. Let us take away their materialistic incentive. We can rebuild this infrastructure any time. Let the Banks, all go down. We (our labor which we should control and own) is the value of their fake money. Quit putting your labors value in their hands. Believe in your selves and the power of your own good hands. Don’t give up your homes. We must organize locally to stop enforcement of foreclosures. People rise up don’t let the banks take your homes torch them before letting them go to a bank. Let them know they will not own us, our labor, or our country. Let us institute martial law on them let us take back our utilities and infrastructure, take back corporate owned farms, even if you need to take on the local “its my job” cops. We out number them. Don’t be afraid. I recommended every one stop making payments to the banks whether you can pay or not; pull out all your funds and turn them into hard assets food and survival gear. And plenty of precious metal arms and ammo especially. Then deal with each other on a bartering basis until the crisis is over and we have cleansed the face of the earth of the fiat crooks and secret combinations.
March 18th, 2008 at 8:03 am
Maybe it’s time for Americans to destroy the Federal Reserve?
March 18th, 2008 at 8:16 am
Very well put, Ezra.
March 18th, 2008 at 8:27 am
they are going take our guns away so we can’t fight them, a scolding hot cup of tyranny for all.
March 18th, 2008 at 8:37 am
Impeach Bush. It’s that simple.
March 18th, 2008 at 8:53 am
Very well put, Ezra.
March 18th, 2008 at 9:08 am
China can buy up America how thanks Federal Reserve
March 18th, 2008 at 9:10 am
The Money Masters – How International Bankers Gained Control of Am…
3 hr 35 min – Mar 27, 2007 – (2080 ratings)
governments, monarchies, and republics the power to create the world’s money…” THE MONEY MASTERS is a 3 1/2 hour non-fiction
http://video.google.com/videop.....0256183936
March 18th, 2008 at 9:18 am
Those writing on the “Federal” Reserve like this Lee Rogers should remember to put the quotations around the word federal in its name since it is not a federal agency. It may have the term ‘federal’ in its name, and even an eagle for its symbol, but so does that other privately owned entity- “Federal” Express. The ‘Fed’ also has been wrongfully allowed to have the .gov for its website as does the collection agency for the ‘Fed’- the IRS. This should not be construed by anyone to say that the “Federal” Reserve or the IRS are part of the U.S. federal government. When I visited the main branch of the “Federal” Reserve in New York City in 1995, I went upstairs and talked to a man about what they are about. He responded to my queries with “Have you been reading William Grieder?” I said no, G. Edward Griffin. He tried to claim that it is a “quasi-government” entity. I whipped out my pocket Constitution and asked him if he could show me- “Where in the Supreme Law of the Land is there authorization for any quasi-government agency?” He of course could not since there is not.
March 18th, 2008 at 9:40 am
I don’t have money to buy gold. This soup’s pretty good, though.
March 18th, 2008 at 10:16 am
Nothing wrong with the Federal Reserve looking out for it’s own cartel interests. The problem is the people letting them do it.
March 18th, 2008 at 10:19 am
Hmm, everything seems to be right on schedule and going as planned. No mistakes here, not likely, in fact it only appears so depending on your point of view. If you think the fed, the gov and most of corporate america is not intending to throw millions of people under the massive tidal wave thats coming (that they created) in order to steal all the wealth created by those very same who have actually done the hard work, than you misunderstand a great deal. You misunderstand the truth. Massive population reduction is the primary objective, stealing their wealth is a secondary objective and then a reorganization of all the nation states with America being the primary target, when we fall every one else will submit. I would suggest that the next move will be a another war in the spring and then civil unrest than a massive event in this country (al Queda of course) then martial law and then the killin can reallly begin. And then when the dust settles the true new order of regions will emerge, thats if Russia and China don’t decide to use it as a their one opportunity to eliminate the western power structure once and for all and then ultimately all our childrens children that is the ones who can survive the nuclear fallout and nuclear winter will be back to sticks stones and hunting and gathering for another thousand years.
Other than that everythings great!!!
March 18th, 2008 at 10:20 am
Yes, they think we are a bunch of idiots, and you must give them that they are not that far off the mark, when you take a good hard look at , like 30+ million Zionist “Christians”, and scores of gun crazed meat heads! (even if one should be able to have guns!)
March 18th, 2008 at 10:42 am
“They don’t care about the U.S. Dollar nor do they care about the country itself. They are destroying this country through their actions and there needs to be an investigation into the controllers of this bank. ”
Yep. It’s almost as if they planned it that way, huh?
March 18th, 2008 at 10:48 am
Look, there is no police state, the Federal Reserve is good, and we need it. The economy’s not doing that bad, i mean sure some people are living in tents, but hey, thats life, they deserve their fate. The government knows whats best for us, let them do their job. You guys are a bunch of paranoid conspriacy nuts. Stop believing in that garbage and start believing in the government. The state is God!
You are getting very sleeepy……you are getting very very sleeeeeeepy…on the count of three, you will wake up and the only things that will concern you are football and american idol…1…..2…..3!! WAKE UP! Now, submit to government, your god! Submit to thumbscans, submit to urine samples, submit to random retinal scans, they’re all for your own good!!! And for the good of your children!!! HAHAHAAHA!!
March 18th, 2008 at 10:50 am
*** Impeach Bush. It’s that simple. ??
They will only put another puppit in his place to do the job, BUSINESS AS USEUAL !!! ”
**** Very well put, Ezra !!!
March 18th, 2008 at 10:54 am
5
Peace On Earth Says:
March 18th, 2008 at 6:11 am
Can you American people please tell me why you are not out on the streets in mass protesting about the Fed?! Will the majority of you guys have to be living in tents before you get mad?!
ANSWER: Because the POLICE STATE WILL SHOTE US ALL !!!!!
March 18th, 2008 at 10:57 am
Debt and the Destruction of America
there is a doctrine called “Odious Debt” that creditors dread to hear. This doctrine states that “when creditors lend to a dictatorial regime which they know is not using the loans to benefit the population, then debt payments cannot be demanded of those people once they are free.”
Posted Mar 18, 2008 08:49 AM PST
Following my comment that since Bush was not the legally-elected President, We The People are not legally obligated to pay the costs of his wars, a reader sent in this article, which points out that this opinion is in fact grounded in prior legal precedent.
Free people have a right to say “no”, and if the majority of Americans did not and do not want these wars of conquest based on lies, then we have a natural right to refuse to pay for them.
http://redpill8.blogspot.com/2.....erica.html
March 18th, 2008 at 12:20 pm
Goes to show that we are not dealing with the Federal Reserve, we are dealing with the Fraudulent Reserve. Ron Bates book “Economic Disaster” is a real eye opener, and predicted so much of what is happening right now!
March 18th, 2008 at 1:07 pm
the Bible says in Rev. bread will some day rise to $10 a loaf, and oil and wine will be very expensive as well.
The future can be changed but some things are fate and destiny.
the US will become rich again by international trade and conquest but this could also cause it’s own demise.
March 18th, 2008 at 1:14 pm
Can anyone tell me why the Fed cut drop gold $17.00?
March 18th, 2008 at 2:57 pm
We need to get rid of the Federal Reserve plain and simple they are distroying our economy.
March 18th, 2008 at 3:03 pm
For everyone out there who has educated themselves on this site. It is pointless at this point to invest in gold, instead invest in brass and lead and a good gun so that you can feed your family. Load up on ammo and you will be fine. Wait for a major revolution and become part of the solution to the problem. I am ready when you are!!!!
March 18th, 2008 at 3:55 pm
Don’t be surprised by what is happening regarding the Federal Reserve. You People out there have the option of using optional money like Gold and Silver for a medium of exchange. There is no Law that says you cannot exercise this Right.
As for the governments, it always takes an asshole to make shit happen. Apparently, there are an awful lot of assholes running the government, and that’s why shit is always happening everywhere.
Don’t steal, because the government hates competition. So much so, governments love slavery. Just take a good hard look at Income Taxes. AND don’t tell me that Taxes go to pay for infrastructure, etc. NO IT DOES NOT. Read the Grace Commission Report put out by Peter Grace back in the 80’s after being assigned his task at the request of President Reagan. Not one red cent pays for services or infrastructure. It all goes to pay the interest/usury on the National Debt which builds more and more when government spend money. They borrow all of it from the Federal Reserve, which is a private Banking Cartel cum Cabal. The IRS is NOT an agency of the United States Government. It is a branch of the Federal Reserve. Last time I checked this out, the Department of the Treasury is not a United States Government Department. Otherwise, it would read on it’s Seal – The U.S. Department of the Treasury. It doesn’t, and therefore is not. Don’t make assumptions.
It’s like calling the U.S. Department of State, the State Department. They are not the same. No simile here. If the title is not preceded by United States or U.S., then it is not a branch of the United States Government. Besides, the IRS not being an agency of the United States Government is a factual reply made by the U.S. Attorney for the U.S. District Court of Idaho in 1993…all under Oath in a sworn Affidavit.
March 18th, 2008 at 4:06 pm
Greenspam alway appeared to me to be real high or drunk every time I saw him on tv. How does one soooooo ugly get to be so cocky? His corruptness has cost everyone in the world, except is bosses and or facilitators in our rogue government all they have worked for. His same gang now has a new graphics and new name for their crap game. STICK IT PUNK! Its like a Nascar or Indy driver going the wrong way around a track, hitting a fuel truck on pit lane, and killing 10,000 people in the stands and asking for a different color car. The people have no choice and nothing to lose in what we are about to do. Just remember who started it. When the shit starts …..I want the media!
March 18th, 2008 at 4:16 pm
Hermes: Oh yes there are lots of guns and anmo. But gold too. The dollars can keep you warm at night, burning in the fireplace.
March 18th, 2008 at 5:05 pm
when the sheep are stuck on the streets with no home too live in they will want revenge on the U.S government for selling them out.its congresses fault for not doing away with the privite bank\fed running the dollars in this country they own bush and company so you will only here more lies from these puppets in the “oval office of shame”the government will fall if the people\sheep\slaves fall because of the dollar crash by these traitors that are running the fed and washington blame your senator for selling out because thats what they are SELLOUTS.
March 18th, 2008 at 9:09 pm
With so much greed and corruption I find it hard these days to recognize what I remember of a grand nation called America. Even the little people seek greed and corruption. Rich people want to stay rich and little people want to get rich. Even the immigrants want a piece of that American dream. Either way it would appear that greed and corruption needs to be addressed by the media and politicians before we go changing the system in some draconian manner. Until we address these twin sisters of evil we will change nothing. It is time to stop the spread of corruption throughout all of our systems of business, science and medicine. We even export greed and corruption to other nations and show them how to fix ballots and bribe officials. When that doesn’t work we show them how to murder the opposition. We are paying corrupt politicians to look out for their business interests and will accept lies to answer away the truth. Until we take responsibility for the mess we are in it wont change.
March 19th, 2008 at 12:31 am
its funny the fact that greed not only goes too far to destroy a grand nation but leads to the scapegoating on poor immigrants as well. pretty soon amreica will no longer be as prosperous as our fore fathers intended. im only 16 and i’ve already opened my eyes to the greed of power and corruption of our government. its merely the banks fault as said…they give loans to people with bad credit or anybody and high interest rates…also people spend more money than they make. its time for change…and its sad because people only realize this when its too late!!!
March 19th, 2008 at 5:30 am
They have been doing this so long without censor or prosecution that they have become arrogant. If we the people demanded that CEO’s, and Corporate leaders, moguls and the FED be punished for their treachery we might see some improvement in the economy.
To start with make the defense contractors pay their 7 bil in back taxes owed, if they bankrupt a company, or like EXXON’s top dog bragging about his most profitable year on the backs of every other American – fine them heavily. (CEO’s had 200% increase in their salaries this year.) if that doesnt stop the constant mergers and downsizing and foreign acquistion to the exclusion of American workers, that causes instability all the way around – then Nationalize the Oil Companies and the BANKING System.
America was not founded on CAPITALISM – we were founded on FREEDOM.
Their god-like worship of Capitalism has led to financial Cannibalism because of their greed.
People are waking up and there will be hell to pay soon. We are on the brink of Civil war against the RICH and unscrupulous.
March 19th, 2008 at 6:17 am
what needs to be done is the States need in institue their constitutional right to produce a competitive currency backed by gold or silver such as West Virginia has done. That is the only way, I see that this problem will be solve. The problem being the Fed and its blatant debasing of the dollar. Until the states demand a better currency the issue will never be heard on the Hill.
March 19th, 2008 at 6:19 am
no matter what you do…you´ll loose it….. and the last thing you losse is youre life ! WORD !
March 19th, 2008 at 7:13 am
jesus wants the fed to destroy the world, jesus likes wars, look how many people good christians have slaughtered in the last couple of millenia…
March 20th, 2008 at 2:46 pm
The truth is…we are all scared. We are too scared to do anything that the government might find “offensive” and punish us. Unless there is a MASSIVE uprising, and I am talking about 60% of the people taking to the streets and protesting, there will be no revolution. None of us want to live on the street, or worse yet, go to jail….so we sit passivly and let the government do all of their deeds. We can respond to sories like this, and we can get mad…in our homes…not in the streets. Yes, I think the Fed is killing America, but until the massive crowd comes marching down my street, asking if I will join, what are we going to do? I am afraid of loosing my freedom by speeking out or acting out, I am afraid of NOT speeking out or acting out…I am afraid for my kids and the world that they will have to grow up in, but I want to be there for them…How can I do that if I am in prison, or worse yet…dead? We have all seen or heard about what happens when people speek out and “stand up” against the government…they quietly dissapear! So I ask…What are we going to do? I mean….What CAN we do??
March 20th, 2008 at 2:56 pm
Canwedo- It’s all about timing. We still need to get the information out to the people. But trust me, I am not afraid. And if we go cashless (CNN announced probable cashless around 2013), or they stage another false flag to implement martial law, then I will be hailing bullets.
The Constitution is the Law, not slick politicians from secret societies. I don’t even give a fuck if everyone else wooses out. I am going to kick ass until either I am dead, or all of them are. LOL
Fear will only end you up on a railcar to FEMA camp, or to a facility to recieve your electronic tattoo from the UN, coming soon……..
Our future is in fighting for what is right, no matter what. God will help those who stand up.
April 15th, 2008 at 9:37 pm
Thank you very much,your site is perfect
stock charts corrected for distributions
July 14th, 2008 at 12:46 pm
Any guess as to what’s going to happen next?