Europe's Crisis: Much Bigger Than Subprime, Worse Than U.S.

The Fed is not and never has been owned by the American tax payer. How many times does a person have to tell people this? Get it through your thick heads folks. THE FEDERAL RESERVE IS PRIVATELY OWNED. As is the World Bank and the IMF. All owned by the same people. And here's some additional mindfucking for you. Not even the U.S. Treasury is owned by the US tax payer.

"The Independent Treasury was a system for the retaining of government funds in the United States Treasury and its subtreasuries, independently of the national banking and financial systems. In one form or another, it existed from 1846 to 1921."

"Government funds were gradually transferred from subtreasuries to district banks (Federal Reserve), and an act of Congress in 1920 mandated the closing of the last subtreasuries in the following year, thus bringing the Independent Treasury System to an end."

http://en.wikipedia.org/wiki/Divorce_bill


It's all a fucking scam. Deal with it.

They just gave you the answer you needed in hidden wording. Who gets the dividends for the "stocks"? Who's getting 6% return when rates are at .5%? Read it again without the mental block. The people who created it themselves say it's so.

I'll let you two guys do the argument.

Here's a little history of events that led to where we are now.

The origination of it all as far as the US was the setting up of the Federal Reserve in 1913. The reason for it being setup was because the people of the US wanted the control of their money out of the hands of Wall Street Bankers. So it was given the name "Federal" and the bankers acted as if they didn't want it to happen all the while they were the owners and creators. The idea behind the Federal Reserve was to keep us from having these boom/bust cycles but ever since it's been nothing but boom/bust/bankruptcy. This is also the year the Income tax on companies was introduced.


In 1920 the Independent Treasury Act suspended the Treasury Department of the United States government. Our Congress turned the treasury department over to a private corporation.

In 1921 the Sheppard-Towner Maternity Act was passed which required all parents to register their child (Birth Certificate) as "wards" of the state. Despite what it's sold to be the reality is it's a Bond which is traded on the stock market. Don't believe me look up the RED numbers on a "original" copy. If you don't have one get one and see for yourself.

They over-inflated the economy pretty much based on the "value of people" and blew it up in 1929. (Much like whats being done now) The above act was allowed to "expire" in 1929 but ever since people have essentially volunteered their children into this slavery system.

It then took 4 years (1933) before the US was declared officially and completely bankrupt (owing at the time 100 million in gold) at which time Roosevelt seized all the gold via the Emergency Banking Act and signed over the land and people as collateral of the US to said bankers/corporation who bought and paid for everything with Paper money..

In 1935 Roosevelt passed the Federal Register Act which gave way for government agencies to impose taxes and make law (statutes to be precise).

In 1936 people themselves became earning trackable slaves to the system/corporation via their social security numbers.

In 1938 the Supreme court overturned Common Law (which is what the constitution is based on) via Erie Railroad Co V. Tompkins and gave way for a wide range of walking all over the people of the US from the Federal Government. Eventually leading to unconstitutional direct tax (income tax) on the people and our current "statute" legal system. Also this year FDR passed the Foreign Agents Registration Act which gave way for the agents of the IRS to collect taxes from the people of the US for a foreign entity. The personal income tax was established under the guise of needing it for WWII at the time is was said it would eventually be removed but it never was.

We have been under International Emergency Economic Powers Act since 1933 hence the Gold Fringed Flag in Federal buildings, courts, etc and in control of by international bankers via Paper money and electronic digit money. They just print money. The value of the dollar has decrease to the cost of production via inflation since then. It's completely worthless. And considering it was created as a debt instrument to begin with it's less than worthless. As in why we have an ever increasing national debt and future obligations of $66 trillion or so.

Skipping ahead a bit further JFK tried to end all of the above with Executive Order 11110 And we know the end result of that.

In 1965 President Johnson ended constitutional coinage and moved us to debased coinage.

In 1980 the Monetary Control Act gave the Federal Reserve control of all depository institutions

errr. Since when do tax dollars buy bonds? Isn't that private money buying bonds? Bonds are issued to create the debt to the tax payer. And I've already showed you that we don't even own the Treasury. The corporation of the UNITED STATES OF AMERICA (our government) has been bankrupt and living on credit since 1933. Pretty much all current governments have. So it's not just the US. They've been running up debt to the people to keep us enslaved since 1933.

It was technically ratified by silent acquiescence.

All you have to do is search out the many documentaries and books on the matter. But you can start with

"twelve regional privately-owned Federal Reserve Banks"

http://en.wikipedia.org/wiki/Federal_Reserve

Because for many many years most people didn't understand the system. Now that many many people are beginning to understand it the system is coming crashing down.

Just a handful of sources

"Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" -- Congressional
Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and
Currency (12 years) June 10, 1932


"These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency..." -- Mr. Crozier of Cincinnati, before Senate Banking and
Currency Committee - 1913

"The Federal Reserve Banks are not federal instrumentalities..." -- Lewis vs. United States
9th Circuit 1992

"The regional Federal Reserve banks are not government agencies. ...but are independent,
privately owned and locally controlled corporations." -- Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

I wasn't.

"To expose a 15 (now 66+ trillion) Trillion dollar ripoff of the American people by the stockholders of the 1000 largest corporations over the last 100 years will be a tall order of business." -- Buckminster Fuller

"...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

"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." -- British Lord John Maynard Keynes (the father of 'Keynesian Economics' which our nation now endures) in his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920).

"These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency..." -- Mr. Crozier of Cincinnati, before Senate Banking and Currency Committee - 1913

The economic Crash of '29 and the Great Depression were caused by the money vultures and foreign swindlers of the Federal Reserve withholding currency from circulation and raising interest rates after an inflationary easy money policy in the early 1920s. The Federal Reserve's fear of excessive speculation led it into a far too deflationary policy in the late 1920s, "destroying the village in order to save it."

The U.S. economy was already past the peak of the business cycle when the stock market crashed in October of 1929. The Federal Reserve did "overdo it" -- raising interest rates too much, bringing on the recession that they had hoped to avoid.

This contrived "emergency" by the money vultures and the political manipulations of FDR, et. al. since then has created innumerous abuses, usurpations, and abridgments of Constitutionally delegated Powers and Authority as clearly stated in Senate Report 93-549 (1973):

"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [-1824 years now in 109] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."

It's not Americans pulling off the scam. This started with the Bank Of England. Well the current system anyway. This scam has been going on in one form or anohter by the ruling class since before Jesus.

"And Jesus entered the temple and drove out all those who were buying and selling in the temple, and overturned the tables of the money changers and the seats of those who were selling doves."

You might want to ask yourself why the Queen of England has to make amendments to US Social Security

http://www.scribd.com/doc/3497229/Th...ica-Order-1997

Cant wait till the dollar is worth more then other currency so i can travel and spend more money

Roger, your strategy will fail.

We're talking economics here.

As crazy as this may sound, and let's say it is too long ago and the evidence is scarce, this is actually most likely very true.

It's just a little bit complex and takes some time and effort to understand.

What I find odd is how anyone can limit himself to such a silly/ idiotic / ignorant generalization such as talking about "Europeans" are about to "something".

99 pct. of Europeans are ignorant idiots who will never realize who is really fucking them in the ass and only consume the silliest most superficial media as if they would be holy.

Please leave this rhetorics for some Oklahoma redneck pub, I know GFY is not the world's most premium economical board but we don't have to look like idiots, we really don't.

Depressing.

Well the good thing i sthen that it is always every country for it self. So a when one is going done other are not, like in the states it all together and every one is fucked. Here we are not affected is spain was to go down for exsample. export and import would get a big hit but never that big that we the people would suffer. So i guess thats why we in the netherlands do not yet have heard that we are in that much trouble. O curse its every day on the news and banks are having trouble people are losing their jobs but its not yet on a massie scale. still they say its the worse there has been in many years. BUt worse then the states. They have a debt they will never pay back. If they would do that other countries might find themself with money left. But then again i am no expert. We will see what happends.

It's not that simple, but there is also a massive PANIC going on.

Like I can hear idiots talking about "crisis" every day..

and they have their silly, artificially created jobs in companies with incompetent management that are just too hard to sink,

they have their 4 weeks off every year, free days, social security, health insurance paid, if someone would lay them off they will find another boring job with no perspective in another company that has too much of a market share to go down easily and where budgets have more value than human potential.

And then you meet them with a shopping cart full of overpriced bullshit goods no one needs, and they talk about crisis.

Like of course, don't take this as a generalisation:

if you run a smaller business and all of a sudden don't have access to credit - it sucks

If you rely on some of those moguls who don't sell enough to make another order from you - it sucks

I'm not saying that there is no crisis, I'm saying there is another and deeper crisis going on, and this crisis will be very hard to fight with.

It's the crisis of common sense, a crisis of the real / accountable work.

If any Eurozone country was to "go down" it would be a huge problem...

Lots of European countries have huge amounts of debt too and they do not have the advantage of having the world's reserve currency nor the benefit of having their debt mostly denominated in their own local currency.

Yes, the US government is hugely in debt, but I would shocked if they default on it. Rather they will just devalue the dollar. Since the debt is in dollars the US can do this. If was in a foreign currency it would not be possible.

Looking past the current crisis Europe is even in more trouble. Declining birthrate, huge amount of social expenditures on the horizon that it will be almost impossible to pay for, limited means of raising more tax dollars, absolutely nowhere near being energy independent...

I am not saying everything is great in America. It is not. Far from.

We are. Get over it. We cause all the problems

It's all about the mutual ignorance

I'm not questioning the importance of the Marshall's plan for example, but the involvement of US in the world war II was much more important from the economical point than from the military point.

While US troops failed miserably in Italy and successfully took over the Pacific ocean, massively devastating an opponent that was not able to support their own army on such a vast and inconvenient pacific ocean territory, they were able to put together a great deal, there's no country that would earn on the WW II more than US - but please, before you will throw a hay fork at me, what's wrong with that?

US was the smartest country during the WW II, that's what I love about the country - the ultimate pragmatism.

You realize that you're only arguing with yourself, do you?

Interesting take

Well, now we're in agreement, that had to hurt didn't it?

This is indeed a MASSIVE problem, the pension system, the fact that there is more and more retired to the number of those, who are in productive age, not to mention the productivity itself, that is, especially in certain countries very, very questionable.

Those who are in productive age are then not pushed to create any values on their own/ enterpreneurship / responsibility for your own being, these things that could bring more job opportunities and are in general extremely important for any healthy economy.

These are things that are out of fashion for the most already, in many cases they are even rather manipulated to choose a socially accepted / subsided job without a real value for one of the huge multinational corporations that are a world on its own, looking for qualified, but cheap and definitely not independent workforce.

I've witnessed this at the university - 95 pct. of students claimed after two years that they want to work for one of the multinational companies instead of pursuing their own plans or business.

Congrats for creating qualified monkies that will never ever bring any real value on the table!

And then, many even stay voluntarily unemployed, working is not always in fashion while you can get a nice chunk of government money for NOTHING.

Add hardly controlled immigration of very, very poor quality human potential / especially those who are already minorities in the eastern and third world countries, with no qualification, no potential and many times very, very complicated approach to the western culture, law and order.

There will always be more idealistic liberals and humanists in Brussels than people who could count or who would have touch with reality.

We need more feedback, I'm starting to feel like Mussolini already.

1.5-2 billions of CZK, wow thats some huge number.
and whats more funnier, that almost nobody got arrested or only the lower ranking guys in this ponzi scheme. without the corruption we could be much richer country

carlos, you from czech originally?

Very few were arrested, a few immigrated, a few are dead, a few started huge legal businesses.

Yes, I was born in former Czechoslovakia, but I am not a big fan of this country.

It's a country full of boring mediocre smartasses with no sense of duty who are always looking for a chance to fuck you over.

You really have to make fun out of it, fortunately, I'm a little bit experienced in dealing with people and know the mentality, so I'm usually able to manipulate them to get what I want, but it's an ongoing struggle.

This country never had balls and candor is something that's not in vogue here.

a co zlaty cesky rucicky vole, na ty si zapomnel ne?

Well, the translation means something like that people here should be really skilled with all kinds of crafts, which used to be true.

During the Austria / Hungary reign most of the industry used to be always in Czech / Bohemia (not Slovakia since they were herding sheeps over there).

It was our engineers who came out with many practical inventions and made their name also during the World War II, especially in RAF.

During the communist era this used to be the technical heart of the region, with our engineers building infrastructure in Lybia, Cuba, Mongolia and other parts of the former Communist empire.

Engineers from Vietnam, Mongolia and Cuba - their intelligence used to be educated in Czech universities, up to this date - 1 pct. of Mongolians speak Czech.

Unfortunately, this is also not true anymore, they're trying to make this another centre of outsourcing in Europe with DHL, Delloite and Touche, Pricewaterhouse coopers etc..

They use the mentality that the people are easy to fuck in the ass to command an army of administrative monkeys, who are addicted to their ridiculously small salaries and paying mortgages for overpriced real estate in the pseudo yuppie suburbs.

Uncompetent idiots burned the bridges with Russia, Cuba, Lybia and other countries and now try to suck the western cock.

Many industries with an incredible value, especially the army industry are now devastated due to the political incompetence of liberal idiots with no experience that took the country over after the 1989.

Let's hear more feedback! Let's mobilize our brains!