how the fed controls money

[bill crumley]

SUMMARY
The book "Why We Are Always Broke: things we need to know about the economy" is about the ways in which we lose control.The most basic way we lose control is going into debt. If a person or a group is in debt they are not free. So, if you want to enslave someone to you put that person in debt. There are several ways we can create debt.
DEFLATION OF CURRENCY/LOSS OF LAND
The currency of the Native American was the deer. The deer provided their clothing, housing, and some food. They also traded with the deer and the deerskins. A few deer could provide many of a Native American's needs for a good part of the year. Then Europeans introduced the gun. The gun could kill many deer. One gun sold for 20 to 30 deerskins. A round of ammunition sold for another 20 to 30 deerskins. There were only a limited number of deer. So soon the Native American found themselves in debt to the Europeans. “We will take you land in payment for the debt" they were told.
The same strategy is used today. Our currency is constantly being devalued. Cost of items we need for living rises faster than income. This amounts to devaluing our currency in the same way the Native American currency was devalued - increasing debt. The ultimate result is the same, the loss of land and of housing.
MONEY NOT BACKED BY ANYTHING OF VALUE
Another cause of debt - it is not necessary for money to be backed by anything of value. At one time the USA could only put as much money in circulation as it had gold, silver, or something of value to back that money. Then our currency was a silver certificate. It stated that this certificate could be turned in for a corresponding amount of silver or gold. Today it is called a Federal Reserve Note. A note is a debt. A Federal Reserve Note is a debt the Federal Government owes to the Federal Reserve Bank.
A SIGNIFICANT WAY OF CREATING DEBT IS WAGING WAR
Wars are basically economic and not political. One chapter of the book looks at the major international banks which have been set up as a consequence of war. It also looks at some of the treaties which have been signed at the end of wars. The banks and the treaties all had serious economic consequences.
CENTRAL BANKS
The first central bank was the Bank of England founded in 1694. Each of the two world wars had a central bank set up as a consequence of that war. After World War 1 the Bank for International Ssettlements (BIS) was set up. The BIS still exists today. No government has any control over this bank. Every year it puts out an analysis of the economic condition of every nation in the world. This analysis will determine what form (amount) of financial aid that nation will receive. Few people even know this bank exists.
At the end of the Second World War the World Bank and the International Monetary Fund were set up. These two banks provide huge revenues to various nations. Often this aid is given to private corporations. Much of their funding is for projects which destroy local agricultural production and force the nation to buy food on the international market. This has the effect of destroying local economies. After World War 2 central banks were set up in nearly every nation in the world.
FEDERAL RESERVE BANK
The bank was set up in 1913. Contrary to the Constitution of the United States the Federal Reserve Act (which set up theU.S. central Bank) placed control of the U.S. currency in the hand of a few bankers rather than the U. S. Congress. Eventually under the Federal Reserve Bank there was no guarantee that money issued by them was backed by a corresponding amount of silver, gold, or other precious resource. Now money was a debt owed by the Federal Government to the Federal Reserve Bank, a group of private bankers.
JOHN F. KENNEDY AND THE FEDERAL RESERVE BANK
In June 1963 issued a presidential order that Silver Certificates should be issued in place of the Federal Reserve Note. He also began cutting back on U.S. involvement in VietNam. Kennedy tried to control two of the major causes of our debt. He was killed within 5 months. No mention of his attempt to control U.S. currency (the most radical thing he did) ever appeared in any official analysis of his murder.
FOLLOW THE MONEY TRAIL
A friend of mine once said: "If you want to know why something happens, follow the money trail." I saw some truth to that statement but it seemed too simplistic. I began my research in order to prove him wrong. The more I researched, the more I saw and understand the deeper implications of his saying. I realized wars were fought for economic reasons. I also learned that the most significant events in human history ultimately involved an attempt to control the flow of money.
ATTEMPT TO ELIMINATE TERRORISTS BECOMES A TERRORIST ACT
I also learned that attempting to eliminate terrorists ultimately requires the creation of a terrorist organization. There is no other way to eliminate terrorists than the use of terrorism. This terrorism will also have to be imposed on some of our own citizens. This will be necessary because they recognize the truth that the elimination of terrorists is only possible with terrorist organizations. Ultimately the terrorism will be necessary to silence or even eliminate own citizens who resist.
OTHER FINDINGS
There are other findings in the book. If you wish to pursue them continue on the website by going to www.workforpeace.info and hitting “background of why we are always broke” and continuing on the website. If you would like to order a book or contact the author [e-mail] not connected you have to type the link on a gmail page.