The Ultimate Struggle: Big Banking Vs Gov’t of the People

The Ultimate Struggle:  Big Banking & Business, Vs Gov’t of the People.

Ready or not, its coming.

The ultimate human struggle on the material level of this planet will be between the people and the banks.  Put another way, it will be between a bottom-up democracy and some form of top-down despotic control, financial or otherwise.

Throughout mankind’s history some form of force or power has been used for the strong, violent and ruthless to dominate or control the meek, peaceful or virtuous.  Control of land, resources and forced labor have been common methods down through time.  Direct force or military power as a primary means of controlling the populace has now been largely replaced by the rule of law.  However, the laws themselves can be instruments of domination and control when written in ways that serve those who hold and wield power, even subtle forms of power.  Media power is one key to control public opinion.  Educational power is another key means of control.  Religious power is one of the subtlest forms of control over the masses.  Economic power is another.  The power of money in a capitalist society cannot be disputed.  One generally needs it for shelter, food and the other most basic necessities of life.

It is the power of money that has escaped from democratic control.  And it is the power of money that is growing exponentially stronger every day.  It may already be too late to contain or control it, without triggering an apocalypse.  That remains to be seen.  Many conventional scenarios are still possible, and although most of them are ugly, there remain a few innovative civilized and peaceful resolutions.

The scenario I’d most like to see is the peaceful grassroots populous clamor for money and banking legislation.  If we had fair and unbiased mainstream news and information media it might be possible.  However we don’t.  The banks, or the corporations they own or control own nearly all the media.  So they speak with a similar corporate voice and purpose, and it is not usually the voice of the people.  The end result is that what we hear from the MSM is spin and propaganda all slanted toward the corporate bankers profit perspective.

To make matters worse, the power of the financial institutions is such that they can stop the flow of money in most nations almost at the snap of their fingers, and can restart it just as quickly.  They control the flow of credit as well, even credit our US government needs in order to conduct its business or pay its bills.  “How can this be?” you might well ask.  Isn’t our government sovereign?  Can’t sovereign governments just issue their own money sufficient to meet their economic needs?  Well, yes and no is the clear answer – yes they should be, but in fact are not.  So maybe the answer isn’t so clear.  Maybe the situation has been deliberately confused  and hidden from our plain sight.  Unless you already know this strange story, (and very few do) let me just say there are a few videos and books that will explain the whole sordid story to anyone who will take the time to watch or read them. [i]

This current worldwide economic meltdown is just the first visible tip of the coming battle between the people and the banks.  We are going to have to either accept a future of economic servitude for our people, or our people are going to take back our government, and our financial sovereignty.  Financial and monetary sovereignty ultimate resides with the voting citizen in a democracy.

So, can we the people win this struggle for economic and financial independence?  Can we establish a real political democracy that is based on economic democracy?  It’s going to be tough. Here is a brief explanation why.  [Continue reading by using link]

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AIG OUTRAGE SHOULD BE PROPERLY DIRECTED

AIG OUTRAGE SHOULD EXTEND TO FED & PAULSON TREASURY

The Fed is NOT the Government! Wall Street Financiers, NY FED, International Central Bankers are to Blame.

Bailout Boil-over

Anger, confusion, outrage, misinformation, disinformation, cover-ups, responsibility avoidance, finger-pointing, political posturing, buck passing, ignorance and outright lies – that is what I’m hearing in all the hoop-la over AIG bonuses.

It’s all a dog and pony show, and the real culprits go unnoticed and the main issues are not even being discussed.

After listening all week and all day today to the angry comments about the AIG retainment bonuses, I’ve just about abandoned all hope of saving our republic. There is just too much ignorance about the real causes of the financial meltdown. There has been a corporate feeding frenzy at the public taxpayer trough since the S&L collapse of 1989, and the Enron scandal and throughout the last several decades. It has grown into a Frankenstein Monster in the past decade, but it has taken far too long for the public to become outraged over the criminal excesses coming from Washington and Wall Street. What we are now seeing is the drama over whether the tail is wagging the dog, and which one is Wall Street and which one is Washington, and our real government.

The vast majority of the news MSM TV commentators apparently know little more about the way the Federal Reserve runs the country than the average citizen. Even more appalling is the sad fact that our senators and congressmen seem so ignorant of the nebulous relationship between the Fed and the Government. Reporters are using the terms “Fed” and “government” interchangeably, and this continues to obscure or hide the fact that the “Federal Reserve” is not part of the federal government. The name is deliberately deceptive to give that impression, when the reality is that it a private for profit banking corporation. It is independent of the federal government, even though there is supposed to be some congressional oversight.

Everybody is outraged about the hundreds of millions in bonuses AIG contracted to the key traders in its Financial Services division. What people should be outraged over is the larger issue of who made the decisions to bail out AIG in the first place. It was the Fed’s sole decision, unilaterally, with no approval or oversight from congress to give the first 80 Billion to keep the company from defaulting on its credit default swaps, the worst and riskiest kind of derivatives.

Too Big to Fail? Or Too big to Exist?

Most of that money went out to other counterparties like Goldman Sachs, JP Morgan, Bank of American and so on, all the “too big to fail” financial institutions. IMO, too big to fail is too big to exist. We should have anti-trust and anti-monopoly laws to protect the American people from the kind of financial rape that is now occurring. And financial rape is exactly what it is, and I am not just talking about just $160 million in bonuses. That is just the tip of the iceberg. The entire financial bailout package was a criminal enterprise designed to rape the US taxpayer out of $Trillions. Not that it hadn’t already been going on for 80 years, but the crooks apparently just decided compound interest on the US Dollars they loan to the US was too slow, so they went for the goose what was laying the golden eggs.

It starts with the Federal Reserve Act of 1913, and the handing over of America’s sovereign right to create and manage our nation’s currency to the Federal Reserve System, and all private banks that indulge in the practice of fractional reserve banking. The details are too complex to cover here. See my website for further information.      NEXT:           Here’s what is wrong with our system:   Continue reading

Web Of Debt Introduction

Introductory comments by Jere L Hough

For those who want to fully understand our world’s current financial predicament, the real look at “just how deep the rabbit hole goes”, I have found no other written work as thorough, plain spoken, and balanced as the book, Web of Debt, by Ellen H Brown.

For several years I had been planning to write a book exposing the Federal Reserve System, and the “international central banking syndicate” in ways that the common person with a high school education could easily understand. Finding and reading this literary triumph was both a great reward as well as a disappointment. I realized that I could do no better at explaining this difficult subject of money-creation and control than Ellen Brown had done in the book I was reading. My efforts have shifted now to trying to alert as many people as possible to what is really happening to our world’s economic systems, and why.

Let there be no doubt that those who control the economic systems and therefore, the money that is the life-blood of those systems, are more powerful than transient political leaders of the moment. Those who can collapse a nation’s economy with a nod of the head are more powerful than any president or prime minister, or congress or court. Only an awakened and informed citizenry can retake the power of economic sovereignty that has been taken from them by shrewd, wicked, greedy and deceptive international financiers who are now engaged in a dance of death for power and control over you, your family and future, and everything else we hold valuable and dear.

We can no longer afford to ignore these grave storm warnings of the approaching “perfect storm”. It is no longer coming.  It is here.  Financial and monetary reform can wait no longer.  Ellen H Brown’s peerless book, Web of Debt is the yellow brick road that could take us home.  It’s time we were on our way.    – Jere L Hough, 2009-02-25

Web of Debt
Ellen H Brown

Introduction:  CAPTURED BY THE DEBT SPIDER

President Andrew Jackson called the banking cartel a “hydra-headed monster eating the flesh of the common man.” New York Mayor John Hylan, writing in the 1920s, called it a “giant octopus” that “seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the public protection.” The debt spider has devoured farms, homes and whole countries that have become trapped in its web. In a February 2005 article called “The Death of Banking,” financial commentator Hans Schicht wrote:

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The Fears of our Fathers

The Fears of our Fathers

Our founding fathers, Madison, Jefferson, Franklin, et al, did not fear foreign conquest.  They feared unchecked, unlimited power from within, in the form of people or corporations that could gain monolithic or monopolistic control over out government.  In the past such seizures of government power generally came from generals or military commanders whose wealth and prestige enabled them to gain enough aristocratic support to be declared dictator, emperor, king. Czar, or whatever title they chose to claim.  Only a few of the most visionary framers foresaw that unchecked or unrestrained economic power could be the road to serfdom and economic slavery.  Jefferson, Franklin, Madison, and Paine were among them.

Jefferson said, “If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing [money creation] power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809).

Jefferson also said that banks were more dangerous to the American people than “standing armies”.  Today, who would think there was anything wrong with either banks or standing armies?  What has changed us so?  Could it be the persuasive power of money and banking itself?  Could there be a public relations campaign, or even a campaign of propaganda to convince the public that both are now OK?

Who creates and controls our money today?  Was there a reason Amschell Mayer Rothschild (the “Father” of modern banking) held that “as long as he controlled a nation’s money he cared not who created its laws”.  In other words, his “golden rule” was “he who has the gold makes the rules”.

So, who has the gold?  Who makes the rules?  Are gold and money the same thing?  Should they be the same?  Should they be under public or private control?  Does our Constitution say anything about these issue?  How about the views of our founding fathers, or the wisdom they drew from in the founding of our nation?  Where does money come from?  How is it created?  By whom is it created and controlled?  Most people don’t really consider these questions, and go from birth to death without giving money much thought, except perhaps to think they don’t have enough of it, or to figure out how to get more money or additional wealth.  Most people never differentiate between money and wealth.  They seem like the same thing.  Aren’t they?

Not exactly.  And we will try to address these and many other similar questions in this and additional future blogs. Continue reading

The Struggle of the Ages: Government and Economics

The struggle of the ages has been for mankind, the individuals that make up mankind, to find the proper balance between individual and group sovereignty.  Sovereignty includes the power of choice, and of freedom to make choices of thought, word, and deed.  As long as there is just one individual choices can be essentially unlimited, even destructive or fatal choices are permitted, as there is no one else to consider, prohibit or to limit them.

However, as soon as two or three people, or more, become involved, it becomes obvious that some individual choices must be limited so as not to harm or interfere with the choices of the others.  So individuals in a group setting are somewhat different.  Then customs, rules and laws must come into play that allow all fair considerations in the exercise of their sovereignty of choice in relation to all others in the group.  Sensible laws are little more than a formalization of sensible rules and customs.  Customs evolve into common law.

The ideal is that all should exist and co-exist in balance and harmonious association.  Each should pull his/her own weight in contributing to group welfare as well as individual welfare.  When either individual or group consideration become unbalanced, dissonance results and relationships are inharmonious, stressful, and unpleasant.

So it is that all “civilized” government and its accompanying laws and economics have evolved,  This was once a long, slow process, with change (good or bad) coming gradually, over decades and generations, except in times of natural or man-made catastrophe like wars, famines, floods, or climate changes.  These sudden changes introduced chaos, our of which new orders arose, rapidly or gradually, depending on conditions.  Recently, with the industrial revolution, and scientific and technological “progress”, the ways entire peoples get their educations and essential information about their world have been changing.  Communications that once took months and years now are almost instantaneous through modern media, satellites, radio and TV waves, and wired and wireless communications networks.

Societies and civilizations can now have their opinions and behaviors modified for better or worse very rapidly through mass communications.  Our founding fathers, Jefferson, Franklin, Madison, et al, fully realized that a democratic republic could only be maintained via an informed and educated citizenry.  Franklin, when asked what kind of government the constitutional convention had given our new nation, the USA, replied: “A republic, madam, if you can keep it”.

Ben Franklin realized the forces of tyranny and despotism were deep-rooted and pervasive, and that self-government was going to prove a difficult task, perhaps an impossible one.  Most of our founding fathers also knew full well that if our republican government failed, it would be from within, and not from without.  The USA was blessed with natural continental protections that kept it from serious forcible threat from other nations, unlike the nations of Europe or Asia, or even South America.

So, if most of our founding fathers did not believe our nation could be conquered or overthrown from outside our borders, what did they fear, and warn us about?

This will be the topic of our next blog, and future blogs.

Stay tuned.

Jere L Hough

The Hidden Truth About Money

Hi. Thanks for stopping in. I’m Jere L Hough.  Welcome to my new blog.

My current passion is money and economic reform. I hope to help others make the same paradigm shifts in thinking I’ve gone through since I’ve figured out that money really is the “root of all evil”, and why that proverb is more true today than ever before.

Of course the proverb says “The love of money is the root of all evil”, which needs further clarification. What is not addressed, and what I discovered, is that it is the mechanics of money creation and distribution that are currently at the root causes of our worldwide economic and monetary problems.

In other words the fatal flaws are systemic, and have been so ingrained and institutionalized within our culture and civilization that the corrective surgery could be as fatal as the disease, to use a medical metaphor.

This is not generally well-received news, if it is received at all. Most people that hear it immediately disengage, or turn on their processes of denial. If for not other reason, they just don’t want to think about the complexities of money and economics.

Who could blame them after 300 years of deliberate and massive efforts to abscure the subject of economics, and make it seem totally impenetrable to all but the Greenspans, Bernakes, Volkers, Rubins, Paulsons, Rockefellers, Morgans, Rothchilds, and other financial Gurus of modern times, dating from the era of Adam Smith?

In fact, few people who began reading this will still be reading this far. The eyes glaze over, and the 20 or 30 second attention span possessed by most people is already gone. But there are great rewards for those who stick with us for just a while longer.

You see, economics is not the layer upon layer of impenetrable mystery you have been led to believe by the various competing and confusing schools of economics, or economic thought. John Kenneth Galbraith got it right when he said, “The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it (p15). The process by which banks create money is so simple that the mind is repelled.” – John Kenneth Galbraith, Money: Whence it came, where it went – 1975, p29.

Whoa. What did he say? The banks create money? Haven’t you always thought that the government did that? And why would complexity be deliberately used to “disguise or evade the truth” about money? Why would economists want to “disguise or evade the truth”? What process of money-creation would repel the mind? Who benefits from all this intrigue, evasion and deception? Who profits? Who gains? Who loses?

We are going to answer those questions right here, and in a way that any motivated Middle School student could understand within a few hours of guided study. Let the experts figure out the problems of money and economics you say? Do you really think that is going to happen? It hasn’t happened yet, and it is unlikely to happen, because those with huge vested interests in keeping things as they now are will not let it happen.

Yet the USA, and the rest of the world, is caught up in a vortex or whirlpool of downward spiraling prosperity and economic well-being. Poverty is rising worldwide, and even in the wealthiest nations. Mass denial about the seriousness and causation of the economic crisis exists everywhere. People think that if they don’t think about it, it will just go away. People think that it is just a natural self-correcting economic cycle.

But people are generally wrong, and will tragically pay dearly for their denial, and their refusal to take corrective steps or actions.

Coming up! Answers to: “What did he [John Kenneth Galbraith] say? The banks create money? Haven’t you always thought that the government did that? And why would complexity be deliberately used to “disguise or evade the truth” about money? Why would economists want to “disguise or evade the truth”? What process of money-creation would repel the mind? Who benefits from all this intrigue, evasion and deception? Who profits? Who gains? Who loses?”

Stay tuned.

WHAT MUST WE DO TO FIX OUR ECONOMIC CRISIS?

WHAT MUST WE DO TO FIX OUR ECONOMIC CRISIS?

Jere L Hough
2008-01-18

The first thing we must do to fix the economic crisis is to correctly perceive the nature and gravity of the problem. This might seem obvious at first blush, yet it is not widely or generally known exactly what has caused the financial meltdown. The few of us who actually understand the causes of the problem are dismayed and disheartened at the lack of comprehension that is nearly universally displayed, even by the supposedly best economic thinkers of our world, including Nobel Prize winners, and the Heads of Economics Departments at the best universities in the world.

Financial Bailouts and economic stimulus packages will not work, except as a most short-term band-aid. Such short-sighted proposals only highlight the failure to comprehend the true nature of the problem.

Only a few of the hundreds or thousands of prominent books and articles proposed as solutions even come close to apprehending the real underlying cause of the world’s financial and monetary disease, and for the most part the ones that are revealing the truth are unpopular, banned or blacklisted by mainstream media and publishers, widely debunked and ridiculed.

What is this widely scorned truth of the basic cause of our money and financial problems? Continue reading