April 14, 2016
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
- Thomas Jefferson, 1802
A private (central) bank does control the issue of U.S. currency: the Federal Reserve, as is the case with most of the nations of the world. These bankers do conspire to “first inflate” and “then deflate.” This is what regular readers know as our bubble-and-crash cycles , which now seem to occur in more-or-less fixed eight-year intervals.
The people are relentlessly being deprived of all property. The Middle Class is nearly extinct , having devolved into the Working Poor. Our children are literally “waking up homeless,” with millions of Homeless People now struggling to survive across North America.
Should we regard Thomas Jefferson as a prophet, or simply as a sober individual engaging in logical extrapolation? History strongly suggests the latter interpretation, via a “warning” of an entirely different nature.
Give me control of a nation’s money, and I care not who makes its laws.
- Mayer Amschel Rothschild (1744 – 1812)
That is what the Rothschild patriarch boasted, but this is not what he really meant. Give me control of a nation’s money, and I make its laws. Control the purse strings of any government and you control the government.
Mayer Rothschild was a contemporary of Thomas Jefferson, and Jefferson was a scholar. He knew what this oligarch meant with his boast. He then took that boast and expanded it into the true horror that it represented.
Central banks exist to steal. Indeed, they have a literal “license to steal” via the power of the printing press. In this area, too, we have a famous source to offer us guidance.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
- Alan Greenspan , 1966
Central banks create inflation; it is virtually their sole function. The central bankers constantly whine that “inflation is too low,” i.e., they aren’t confiscating our savings (stealing our wealth) as fast as they would like. But first they instruct our subservient governments to lie about the rate of inflation so that the People are unaware of the rate at which their wealth is being stolen.
Central bankers steal out of the pockets of the people and funnel that stolen wealth into the vaults of the oligarchs who control these presses – oligarchs like the Rothschilds . In the approximate 100 years since the Federal Reserve was entrusted with managing and “protecting” the U.S. dollar, it has lost roughly 99% of its value through the Fed’s manufactured “inflation.”
This still needs to be translated for the benefit of some readers. In the century in which the Federal Reserve has controlled the U.S. printing press, 99% of all the wealth stored in the U.S. dollar has been stolen from the People and handed to the oligarchs, a financial crime syndicate which readers know as the One Bank .
Adding literal injury to insult, the oligarchs conned (commanded?) our puppet governments to borrow our own currencies from these corrupt central banks. Thus, while all the wealth of the People was being stolen via the paper fraud of central banks, our governments, and thus the People as well, have simultaneously been enslaved with debt .
With one hand, the central banks (and central bankers) steal all our wealth. With their other hand, they attach shackles of debt around our throats, all on behalf of their Masters. These central bankers are guilty of the worst economic crimes against humanity, except for the deeds of the banking oligarchs themselves.
Recently, the four worst Criminals were all trotted out on a single stage: Paul Volcker, Alan Greenspan, B.S. Bernanke, and Janet Yellen. Greenspan’s and Bernanke’s crimes are obvious. They are the Great Inflators. Undoubtedly, there will be many readers confused as to why Paul Volcker is listed as one of “the four worst Criminals.”
Incredibly, Paul Volcker’s crimes against humanity remain buried beneath ultra-thick layers of propaganda. It is Paul Volcker who now claims personal credit for the assassination of the gold standard. Without that dirty deed, the crimes of the Great Inflators would never have been possible. We know this because another of history’s Great Inflators (and charlatans), John Maynard Keynes, lamented that a gold standard is “the Golden Handcuffs” that prevent central bankers from such crimes of inflation.
Paul Volcker is the (modern) Father of Inflation. Even more incredibly, the central banker who gave birth to inflation is actually lionized by the media for his second crime against humanity: enslaving the Western world in debt. It is Paul Volcker who, at the orders of his true Masters, brought us 20% interest rates. Here readers need to fully comprehend the level of perversity in our Revisionist history.
Volcker is the Father of Inflation. Yet in our pseudo-history books, he’s labeled as the Knight That Slayed Inflation – permanently. He is (incorrectly) credited as having slain the dragon to which he gave birth. Even more absurd, the idea that inflation could be vanquished for any extended period of time, via Volcker’s usurious interest rates, is just more Revisionist nonsense.
Inflation is an inherent, inevitable trait of every fiat-currency printing press. It breeds inflation. The act of printing (unbacked) paper currency is the literal act of inflation: inflating the money supply.
It was never possible that Volcker’s usurious interest rate could vanquish inflation, but it did create something else: Debt Slavery. That crime against humanity has now nearly run its course, as most Western regimes are teetering on outright bankruptcy .
Understanding this second crime against humanity requires nothing more than the capacity to operate a calculator and an understanding of the concept of “compound interest.” To enslave the Western world in debt, it wasn’t necessary to impose Volcker’s usurious interest rate permanently, or even for a long period of time. It only needed to be imposed once for a significant interval, and then the magic of compound interest did the rest.
How did Ronald Reagan manage to triple the U.S. national debt in a mere eight years? He had help: Paul Volcker. How did Brian Mulroney manage to triple Canada’s national debt in a mere eight years (at roughly the same time)? He had help: Paul Volcker.
As Keynes also points out, the Golden Handcuffs also make the crime against humanity of Debt Slavery impossible, since a gold standard is a balance of payments system. Volcker’s first “love child” was inflation. His second was Debt Slavery. Arguably, Volcker is the worst of these Criminals.
Many readers will similarly wonder at Janet Yellen being included as one of the Horsemen. Volcker’s crimes have been described. Greenspan and Bernanke, as “the Great Inflators”, are also the Great Thieves – as explained by Greenspan himself.
Volcker, Greenspan, and Bernanke were the assassins who destroyed and looted the U.S. economy and most of the Western world along with it. Yellen is merely a pallbearer of the corpse. But Yellen’s crime is as the ultimate Silent Partner.
Volcker, Greenspan, and Bernanke navigated the U.S. Titanic to the point where a massive iceberg now looms directly ahead. But Yellen is the skipper commanding the U.S. economy to “stay the course.” It’s too late to avoid the iceberg created by Volcker, Greenspan and Bernanke. But if Yellen was warning of the danger directly ahead – instead of hiding it – there would be far more survivors once the Titanic sinks.
This brings us to the event itself. Why collect the Western world’s four worst economic criminals and four most heinous Liars and then put them on a single stage? Why else: to lie about the present .
One point they all agreed on: The U.S. isn’t in a bubble economy, despite dire warnings from presidential candidates and some pundits.
Put aside the fact that the mainstream propaganda machine is demonstrating the literacy skills of a 12-year-old, and focus instead on the absurdity of this message. Anyone who simply looks at a long-term chart of the S&P 500 or a long-term chart of the U.S. Treasuries market will see that both of those markets have already passed into extreme bubble territory.
The S&P 500 hasn’t merely equalled the insanity of the dot-com bubble and the Crash of ’08 bubble, it has soared well above those previous bubbles. The U.S. Treasuries market represents a bubble market which has been soaring higher, uninterrupted, for 35 years. These bubbles are more than merely obvious, they are absolutely undeniable.
Even more perversely, Alan Greenspan was the architect of the dot-com bubble (while pretending it didn’t exist, at the time). Bernanke is the architect of both the 2008 equities bubble and the current equities bubble – while pretending that neither of those bubbles existed. These are the two Liars who literally have less credibility than anyone else on the planet when it comes to identifying bubbles.
But why not trot them all out on stage? With a docile propaganda machine which never utters a contrary word when a Fed-head speaks, there was never a possibility that the Four Horsemen would be called to account for their crimes, or to have their bald-faced lies contradicted by the facts.
Together, the tenures of the four participants cover more than one-third of the Fed’s 102-year history.
In a sane, legitimate society, that would have been the first line of the indictment of the Four Horsemen for their collective crimes against humanity. Instead, the Corporate media intended it as praise. More perverse still was the headline which accompanied that propaganda:
4 Fed Leaders Under The Microscope
Yes. A microscope with no lenses.
Pestilence. War. Famine. Death. One could give these Four Horsemen any cute nicknames that they desire. But what the four Fed-heads all have in common is that they are destroyers. Just like all of the West’s other central bankers.