Brad Thor's triller Hidden Order has been out for a while, but I have just started reading. It is everything the billings say--the back cover admits that the most secretive organizations in America operate without any accountability to the American people.
It refers to the Federal Reserve System and the NSA and other spy and information gathering groups. Today, I will give you a taste of this great book and of the Fed as stated in Chapter 19: Because I'm a researcher and a writer, I've known most of this stuff--and I suspect most of it true and could be documented by looking at history books and by googling "the Federal Reserve."
Like the novel's protagonist, I am not a fan of the Fed. In fact the opposite. I would like to see Congress and the president abolish it. After you have read this article, you will too. Don White
See also,,,The Federal Reserve is about as federal as Federal Express. They are a group of powerful bankers who orchestrated a phony crisis in the early 1900s to convince the American people
that the country needed a strong central bank to regulate the economy and to bring Wall Street fat cats to heel. It's one of the most successful con jobs in history.
"Apparently you're not a fan."
"I go where facts take me," said Wise. They took the name Federal Reserve for the sole purpose of scamming the American people and making it look like they were part of the government. They're not only not part of the American government, they aren't even accountable to the American people. We as citizens can't toss any of them out, or tell any of them what to do. They operate in total secrecy and have never undergone a thorough audit.
"What's astounding is that since the Fed was created back in 1913, the dollar has lost ninety-six percent of its purchasing power. Because the Fed sets interest rates, we have seen massive bubbles inflated under their policies only to eventually pop and create massive downturns in the economy. In fact America's downturns have become longer and much more severe under the Fed."
"So why do we keep the Fed? Can't we get rid of it? Harvath asked.
"America has killed two prior central banks; it could kill this one, too, if it wanted."
"That's the key, though, Americans would have to want to, right?
"Exactly, and most people have no idea what it is. In fact let me ask you something. How well do you know your American flag etiquette?
"Very well," Harvath replied.
"Are you allowed to fly another flag above the American flag?"
"Of course not. Never."
"Do you have any cash on you?"
"Do you have any idea what it says on top of our money? Above the words The United States of America?"
Harvath shook his head.
"Take your money out and look. Read to me what it says."
He removed the cash from his wallet and studied a one-dollar, five-dollar, twenty-dollar, and even a one-hundred-dollar bill. "They all say Federal Reserve Note on top."
"Some say that's a perfect example of how the Fed sees itself, as being above the United States government. Those notes aren't even issued by the Treasury Department. They may be printed in the building, but the Treasury has absolutely no say in when they get printed or how many of them get printed. But to keep the charade going those Federal Reserve notes include both the signature of the Treasurer of the United States as well as the signature of the United States Secretary of the Treasury.
"Through its control of our currency, this unelected group of private bankers has driven the United States to the brink of bankruptcy. They're not only digitizing into existence more than one hundred fifteen million dollars an hour to cover risky loans and trades made by their pals at banks deemed to big to fail, they're. . ."
"Wait," said Harvath. "One hundred and fifteen million? They're printing that much money every hour?"
"Not printing, digitizing and then depositing that digittized money into the accounts of banks who turn right around and keep making the same risky loans and investments, because no matter how badly they screw up, there's no downside, no consequences. That's why the Fed was set up."
"But if there's that much more money being created, doesn't that mean that the existing money supply, the money in my bank account, is increasingly worth less?"
"Give yourself a star," said Wise. "Like I said, the dollar has lost ninety-six percent of its purchasing power since the Fed was initiated. They levy the heaviest and most corrosive taxes of all through their control of the money system, and it's all about covering the bets of their colleagues at the taxpayer's expense. Afterall, who do you think ends up with the bill?"
"What's more, the Fed controls what the interest rate will be on your bank accounts, how much interest you'll pay on your home loan, as well as your car loan and your student loans. They use their digitized money to buy U.S. government bonds so that our government can keep spending and spending and spending, which drives us deeper and deeper into debt. And does the Fed buy those bonds directly from the U.S. government? No, of course not. It uses brokerage firms it's friendly with in New York, so that those firms get huge commissions."
Those firms being the same Wall Street "fat cats" the Fed had promised to reign in, right?" asked Harvath.
Wise nodded. "It's an incredible shell game. But what may be of particular interest for your case is that Britain wanted to place the colonists under the Bank of England. That act was considered to be so beyond the pale that it is said to have been the final straw that led to the Revolutionary War."
Despite Harvath's knowledge of Americn history, he had never heard that before. It was an amazing revolution.
"While some of the founders like Jefferson were against a central bank," said Wise, "there were others like Alexander Hamilton who were not only for it, but pushed hard to make it happen. In fact, to get Southern lawmakers on board Hamiliton agreed to make sure America's capitol was moved from New York City and further south."
"Which is how we wound up with Washington D.C?"
"Bingo," said Wise. "All that over a central bank."
"You said two previous central banks had been killed. How did we wind up with our current central bank, the Fed?"
"Despite Jefferson's bitter opposition to central banks as being engines of speculation, manipulation, and financial corruption, President George Washington had signed the first bank's charter. But when it expired twenty years later, so many people hated it, Congress refused to renew it.
"President James Madison signed the Second Bank of the United States into existence, but when Andrew Jackson took office, he refused to renew its charter. he was a lot like Thomas Jefferson and saw the central bank as an engine for corruption. When the economy got rocky, Jackson wisely pushed for all federal land sales to be transacted in gold or silver. Many banks adopted a similar modus operandi and it started to catch on.
"Some banks, though, were so leveraged that they couldn't pay their customes when they came looking for their money. This led to waves of bank runs, some of which actually created serious inbalances in the economy. One of the worst 'bank runs' led to the creation of the Federal Reserve.
Harvath noted Wise's degroatory tone when he used the term bank run. "This is the phony crisis you mentioned."
"Are you familiar with something called the Heglian Dialectic?"
"I am. It's where a group or an individual creates a problem, knowing full well in advance how people will react to it. They then begin agitating for something to be done about the problem, for things to change. Once the masses are then worked up enough and desperate enough for something to be done, about the problem, the party behind the problem unveils their solution. The people are thrilled to have a plan, any plan, and so demand that it be implemented. They never seem to realize that they have been manipulated and that they haven't really ushered in change, but actually a much worse version of what they had previously, only now in brand-new packaging."
"That's exactly what happened with the Fed. A problem was manufactured by a powerful group of people who sat on the sidelines waiting for a panicked citizenry to beg for a solution. Once people started begging loud enough, all this group had to do was set the wheels in motion and make it look like everything was unfolding naturally.
"In this case it was a group of New York bankers colluding to set up a third central bank that would give them a monopoly over the banking system. Shortly after the new year in 1907, an article appeared in the New York Times by investment banker Paul Warberg, who cautioned that Americans needed to reinstate a central bank if they wanted to avoid any more terrible bank runs.
"One of Warberg's banking partners then gave a speech warning that if the United States didn't set up a central bank the country was going to undergo the most severe and far-reaching crash in its history. This sky is falling. The sky is falling. All they needed then was to be proven right. Enter their pal J.P. Morgan.
"Once a slew of side bets were placed that the stock market was going to fall, a run was launched on the stock of a company called United Copper --- one of J.P. Morgan's biggest competotors. Panic took over the market. It was like all of the water being sucked out to sea before a giant tsunami comes ashore. Suddenly, everyone wanted out.
"New York banks friendly to Warberg and Morgan yanked their money, the stock market dropped nearly fifty percent, and New York's third largest trust collapsed. From there, the panic spread across the country as citizens rushed to their own banks to pull out all of their money.
"It was an all-out panic, and people were screaming for something to be done. Enter again J.P. Morgan who pledged his own funds to stabilize the banking system.
"Rallying other bankers to join him, some of whom had helped him exacerbate the panic, Morgan magically stemmed the bleeding and the panic began to subside. But as it did, panic was replaced by a nationwide outcry that something be done so that thins kind of thing never happened again.
|Rahm Emanuel, former Obama assistant,|
now in 2014 the Chicago mayor.
"Wise smiled. "Precisely. The people blamed the bankers, but the bankers masterfully blamed 'the system,' which led to everyone clammering for the system to be reformed. Congress instantly responded by setting up a special commission. Magically chosen to head the commission was a profiteering, multimillionaire Rhode Island senator who was friends with Morgan and Warberg, as well as being deep in the pockets of the rubber and tobacco industries. His name was Nelson Aldrich.