If you are one of the 48 million Americans without health care, if your wages are barely rising or are stuck, if your debt level is crushing because you can't keep up with the basic bills that pay for the rock bottom necessities of life, if you have no real retirement...hey, don't worry because the Federal Reserve says the economy is just fine and dandy.
Appearing before a Senate committee yesterday, the Fed's chairman, Ben Bernanke, was positively thrilled:
The chairman of the Federal Reserve, Ben S. Bernanke, gave Congress an upbeat view of the economy on Wednesday, predicting that unemployment was likely to remain low over the next two years even as inflation declined slightly.
Mr. Bernanke’s comments, which suggested that he was comfortable with interest rates at current levels, immediately lifted stock markets. His testimony soothed investors who had begun to worry that the central bank might be tempted to raise the cost of short-term borrowing later this year in fear that a stronger economy would push inflation higher.
I'll give credit to Democrats who at least pushed Bernanke a bit:
It was Mr. Bernanke’s second Congressional appearance since Democrats assumed majority control in both the House and Senate last month, and Democrats peppered him with questions about rising income inequality and the growing insecurity they said confronted middle-income families.
“People are working longer and harder, but many are not bringing home enough money to keep pace with what they need,” said Senator Christopher Dodd of Connecticut, chairman of the banking committee and a contender for the Democratic presidential nomination.
But Mr. Bernanke faced little direct criticism himself, and he refrained from weighing in on policy proposals outside of monetary policy.
When Senator Charles E. Schumer, Democrat of New York, asked whether rising income inequality might be a reason to make the income tax more progressive by imposing higher tax rates on richer taxpayers, the Fed chairman politely but firmly declined to engage. “I’m afraid my answer is going to disappoint you,” he said.
That last point is the most galling. The top one percent of taxpayers are pocketing hundreds of billions of dollars thanks to the Bush tax cuts--money that could finance a single-payer system which would save the economy $300 billion in administrative costs and assist companies like Chrysler. But, no, let's let the rich get off like bandits, no matter the cost to the rest of us poor slobs.
Thank goodness someone is questioning the bs that is spread concerning the true conditions in America now. Funny the unemployment rate jumped significantly last month but not a mention of it on the evening news. Lets all just stick our heads in the sand and ignore reality.
Posted by: Teresa E | February 20, 2007 at 01:07 PM
“education without action is less than ignorance”…………….anonymous
Strike to Abolish the Federal Reserve
America will be virtually shut down on August 2, 2007
WHEREAS:
The Federal Reserve is an illegal corporation that operates for profit and is NOT part of the federal government of the United States of America.
WHEREAS:
The Federal Reserve has stolen Trillions of Dollars from the citizens of the United States, without even having the Constitutional authority to exist.
WHEREAS:
100% of the money you pay in income taxes goes to pay interest on a non-existent debt to the Fed. (Your income taxes do not benefit the U.S. at all!!)
WHEREAS:
The New World Order could not continue its march to destroy America and it’s freedoms without the help of the Federal Reserve stockholders.
WHEREAS:
We can never have honest politicians as long as corrupt money from this corrupt organization keeps dishonest politicians in power.
…..All Americans that favor abolishing the Federal Reserve and the income tax will be on strike or calling in sick in protest on August 2nd, 2007.
If you love freedom and want to end the confiscation of your hard earned money by illegal bankers, join all America in striking on August the 2nd 2007 (the day that the Declaration of Independence was signed by delegates) to let your politicians know that enough is enough…the scam is over. Join the famous Americans below that have spoken out and condemned the Federal Reserve system.
Let’s end the income tax and the Federal Reserve forever. Let’s demand that the stockholders of the Federal Reserve return all that they have stolen by deceit. They are common thieves and all that they own is owed to Americans as restitution.
· 1. Please forward this email to as many people as possible
· 2. Watch the videos linked at the bottom of this page.
· 3. Sign the Petition at the link provided
· 4. Stay home from work on August 2nd, 2007 (if you can afford to, miss the entire week—and let others know what you’re doing)
"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill." -- Charles A. Lindbergh, Sr. , 1913
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". -- Congressman Louis T. McFadden
"The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency." -- Henry Cabot Lodge Sr., 1913
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and
duress of small groups of dominant men." --President Woodrow Wilson
If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." Thomas Jefferson, U.S. President.
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance". -- James Madison
"Every Congressman, every Senator knows precisely what causes inflation...but can't, [won't] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job." -- Robert A. Heinlein
"...the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks." -- Eustace Mullins
"While boasting of our noble deeds were careful to conceal the ugly fact that by an
iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery. - Horace Greeley
"The Federal Reserve banks, while not part of the government,..." -- United States budget for 1991 and 1992 part 7, page 10
"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States" -- Sen. Barry Goldwater (Rep. AR)
"By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft." - John Maynard Keynes
Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan." - Thomas Edison
If, as it appears, the experiment that was called “America” is at an end…then perhaps a fitting epitaph would be….”here lies America the greatest nation that might have been had it not been for the Edomite bankers who first stole their money, used their stolen money to buy their politicians and press and lastly deprived them of their constitutional freedom by the most evil device yet created---The Federal Reserve Banking System” G.D. McDaniel
"Capital must protect itself in every way...Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."
JP Morgan….creator of the Federal Reserve
Abolish the Federal Reserve Petitions
Video Links
America Freedom to Fascism
Monopoly Men (Federal Reserve Fraud)
Immigration_by_the_Numbers
Ron Paul for President (as Representative, Ron introduced a bill to abolish the Fed)
We weren’t born in a free country let’s make sure our children are
Posted by: Taylor | April 04, 2007 at 08:48 PM
What happened to the availability of the links
referred to in this excerpt from above:
"...2. Watch the videos linked at the bottom of this page...."
I.e.:
JP Morgan….creator of the Federal Reserve
Abolish the Federal Reserve Petitions
Video Links
America Freedom to Fascism
Monopoly Men (Federal Reserve Fraud)
Immigration_by_the_Numbers
Ron Paul for President (as Representative, Ron introduced a bill to abolish the Fed)
/s/ rev les ego
Posted by: rev les ego | May 12, 2007 at 03:58 PM