Monday, April 4, 2011

Qaddafi and the Big Bad Federal Reserve

When did the Federal Reserve submit to an audit? Senator Ron Paul sponsored a bill calling for the Fed to open its books, but I remember hearing it was defeated. I must have been misinformed.

The seemingly indestructible private bank that dominates the American economy is a law unto itself, exactly what the Rockefellers, Morgans, and other financial parasites behind its creation envisioned when they met at Jekyll Island almost a century ago. Its existence is a violation of the Constitution which gives the power to issue currency to the U.S. Treasury. But the banksters are more powerful than our elected leaders, many of whom wouldn't have been elected had they not sold their souls to the money interests, and the Federal Reserve has acted autonomously all these years. The Fed manipulates the economy, and leads us into recession, depression, and war, while our leaders look the other way and remain silent. Those who have dared to challenge usually end up dead, including Mark Pittman, a Bloomsberg news reporter who sued the Fed into opening its books, and John F. Kennedy, who tried to defang the bank by issuing United States Notes through the Treasury in June 1963. As Craig Roberts, author of A Sniper Looks at Dealey Plaza, wrote, Kennedy's action "would end the control of the international investment bankers over the U.S. government - and the American people." Five months later, Kennedy was assassinated.

When campaigning for the republican presidential nomination against Ronald Reagan in 1980, George H. W. Bush coined the phrase "voodoo economics" when criticizing the Gipper's plan for the economy. In truth, "voodoo economics" is the brand of economics practiced by the Federal Reserve. As William Still writes in On the Horns of the Beast, “The Fed system requires that our nation be in debt, and continue expanding that debt as the economy expands . . . If we were to extinguish our debt we would extinguish our money. The average person would have no green folding stuff in his wallet and a zero balance in his checking account. This is not an exaggeration.”

In the age of New Media, the citizenry is more educated than in the past when corporate-owned newspapers, magazines, and TV networks controlled information. Books exposing the Federal Reserve and the larger conspiracy of which it is a part were available under the counter, published independently and available in specialty bookstores. Now, thanks to the internet, the truth is available through a few computer keystrokes. There is such a glut of information that even corporate puppets like Glenn Beck occasionally take on the Federal Reserve, but usually stop short of proposing that it be eliminated entirely and let the U.S. Treasury issue currency, as our Founding Fathers intended all along. Despite the internet's power, the mainstream media continues to wield tremendous influence, and they apparently never bothered to inform the public that the private central bank responsible for so much destruction was recently audited. As long as we don't know it occurred, we won't want to know the results. If we don't know the results, it's as if the audit didn't take place. Fortunately, Rolling Stone, once the voice of the counterculture but now a major and too-mainstream-for-its-own-good periodical, (and, therefore, not above suspicion) still sponsors honest reportage from time to time. In an issue due to hit newsstands in two weeks, the magazine is staying true to its motto - "All the news that fits" - by publishing a story about the results of that audit. A preview currently available on the web is shocking enough.

"Why is the Fed Bailing Out Qaddafi?" asks the headline of the report by Matt Taibbi posted April 1. "Barack Obama recently issued an executive order imposing a wave of sanctions against Libya, not only freezing Libyan assets, but barring Americans from having business dealings with Libyan banks," Taibbi reports. "So raise your hand if you knew that the United States has been extending billions of dollars in aid to Qaddafi and to the Central Bank of Libya, through a Libyan-owned subsidiary bank operating out of Bahrain. And raise your hand if you knew that just a week or so after Obama's executive order, the U.S. Treasury Department quietly issued an order exempting this and other Libyan-owned banks to continue to operate without sanction."

What would Obama say about that? Until a member of our "free press" (raucous laughter) asks him about it, he doesn't have to say anything.

Read more directly at Rolling Stone.

For a more in-depth look at what's really wrong with the world, read The Illuminati Zone by William Fevers, available through Lulu and

© 2011 Brian W. Fairbanks


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