patrick.net

I read that book a few years ago.

I agree with the premise. The whole point of the Federal Reserve is to bail out banks when they make bad bets, in the name of the "public interest".

So banks can take big risks, win big, or if they lose, make the rest of us pay for it.

And that is exactly what happened in 2001, and 2008.

Here was Andrew Jackson's quote right before he eliminated the central bank of the United States at the time.

Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, I will rout you out!

HunterTits says

And Lincoln died because he flipped the bird to the Rothchilds and other banksters by refusing to take out war loans given at usurous rates AND required the North to pay the South's war loans should they be victorious.

Instead, he got Congress to print greenbacks.

That was worse in their eyes than Jackson KO'ing the Second Bank of the United States.

The Civil War is the ultimate centralization of authority under the New York banks. It started because they wanted to appropriate the profits from the resource rich south, and the Southern States rejected the taxation the bankers attempted to use to rob them. Greenbacks were short lived, highly volatile(because they were backed by nothing), and resulted in an economic depression, especially in the war ravaged South.

War at a national scale always creates debt, loans are always serviced by banks. Without Lincoln the Federal Reserve probably would never have existed, and if it had, would only have controlled part of the US, not the free states.

Lincoln was shot as part of a failed attempt to overthrow the government(there were multiple targets that night). And was rightly viewed as a tyrant, the most bloody tyrant in US history.

I originally read Griffin's book when it first came out about 25 years ago. Time has proven that its content is true and trustworthy.

After my reading (along with other material), I began telling so called 'informed' individuals that the Federal Reserve was a private banking conglomerate that was completely separate from the Federal Government. I also told them that the government had *virtually no control over its operations and monetary policies. Fed Chairman Greenspan infamously stated this exact premise in Congressional hearings, stating that the 'Fed is independent and autonomous.' Unlike today, almost no one would listen.

Not only does the Fed collect massive 'fees' from the Treasury for the ability to 'create money,' it operates as the ultimate insider due to the fact that they completely control the money supply. If they want to create inflation, they can. If they want to cause a recession, they can, and make insider trades that are directly impacted by the policies that they create. The Fed also benefits greatly from DEFICIT SPENDING (the Fed LOVES WAR & massive social programs) because the Federal Government needs to create and sell T-Bills which the Fed 'allows' the Treasury to implement, for a measly 2% fee of course. Do the math ... what's 2% of TRILLIONS? And for the Fed, it's totally risk free. They can then use that 'free' money to buy gold, silver, real estate, equities, etc., etc.

The Fed (along with its fellow central banksters of the world) is the biggest con game ever created.

*Don't be duped into believing that ANY President actually appoints the Fed Chairman. It's all a ruse that is used to fool the American people. Fed Chairmen are picked by the elite, and the puppet President goes through the public charade of announcing his 'appointment.'

Recall Thomas Jefferson's quote regarding bankers: "Banks are to be more feared than standing armies." (Jefferson fought, unsuccessfully, against the creation of America's first Central Bank)

And more to the point, all federal reserve branches are just for show. It's all run by the NY Federal Reserve. I also like the beginning of that quote, which is where the boom/bust cycle Rothbard speaks of really comes into play(picking up real assets for pennies on the dollar).

"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"

Jefferson, the father of conspiracy investigators. People are bragging about calling stuff two years ago. Motherfucker called it over 200 years ago...

https://alilybit.substack.com/p/money-the-biggest-scam-ever-invented

A Short History of Central Banking — The biggest Scam ever invented
A private banking cartel that is entirely controlled by the Elite has secretly taken away from governments—and consequently, from "the people"—the authority to create money.

Lily
Mar 22

What better time is there to write about the scam that is our money supply and banking system than now? The public believes that all money is issued by and controlled by the government, however this is untrue. All money is presently produced by private corporations, i.e., banks, except for coins, which make up less than 0.05% of the total amount of money in circulation. In the USA, the Federal Reserve Bank, a commercial banking institution, oversees issuing notes, whilst the Bank of England—also, perhaps strangely to many, a privately held institution—is responsible for minting your money in the UK.

https://visceraladventure.substack.com/p/money-money-money#play