America: A Country Ruled by Bankers

 I know.  You thought the people ruled this country.  After all we can vote out our politicians and replace them with others.  How naïve you are.

If you control the money supply, you control the power to run the country.  And the banks control the money supply.  The people gave up that power back in 1913 when the Federal Reserve was created. 

The Federal Reserve is not a government agency.  It is not owned by the U.S. government.  It is owned by the member banks of the Federal Reserve.  These banks are either corporately owned (some by international or foreign corporations) or are privately owned (again some by international or foreign individuals).

The Federal Reserve, by law, operates independently of the U.S. Government.  In fact, as of this point, the government is not even allowed to audit the Fed to determine exactly what they are doing.  The Fed controls all of the gold in Fort Knox – and no one knows how much is actually there any more.  The Fed controls the printing press and has the authority to print up more money at any time they see fit.  They have unlimited power of the money supply of the United States.  And they conduct their affairs in secret.

Anytime they wish to steal money from the citizens and hand it to the banks to be distributed as they see fit (in other words, outrageous bonuses to the top executives) they do so.  They have several tools to do this such as creating inflation, creating boom and bust cycles, and printing money and handing it out to the banks.

They keep their member banks from failing by more bailouts.  All the while these banks continue to steal money from the American public.

Goldman Sachs, one of the six “too big to fail banks” (the others being Citigroup, Bank of America, Wells Fargo, JP Morgan, and Morgan Stanley) recently got fined for selling investments to the public while at the same time betting those investments would go bad.  They made trillions of dollars selling these investments and yet their fine was a very paltry number in the millions.

Now it seems Goldman Sachs is at it again.  On one hand, they are telling their customers everything is going to be fine in our economy.  On the other hand, the Wall Street Journal recently got hold of a secret report intended for Goldman Sachs largest clients where they advise that the economy is fixing to collapse.

They never learn.  But there is no reason for them to.  They keep getting away with it.  After all, Goldman Sachs was President Obama’s second largest campaign contributor.  I’m sure he’ll do nothing to them in spite of his rhetoric.  Plus his cabinet as well as government regulatory authorities (such as the SEC and the CFTC) are littered with ex-Goldman Sachs executives.

Sadly, the power of the “too big to fail” banks continues to grow.  At this point, the “big six” possess assets equivalent to approximately 60 percent of America’s gross national product.

We have a financial system that is deeply, deeply corrupt.  And this corruption is a major reason why things are falling apart.

America’s only hope, even after the crash, is to elect someone that will do away with the Federal Reserve and allow the “too big to fail” banks to fail.