How To Get This Nation Out Of Debt- End The FED

Submitted by FreedomDM on Thu, 12/03/2009 - 16:22

History repeats itself and this is one of the most important reasons we should all know and understand our history, so that we do not continue making the same mistakes over and over…and over and over again…

Starting as early as the 1700’s in England, Central Banks were instituted to produce the currency of an entire nation. Based on historical precedent, two specific powers are inherent in central banking practice: the control of interest rates and the control of the money supply, or inflation. The central bank does not simply supply a government's economy with money, it loans it to them at interest. Then through the use of increasing and decreasing of supply of money the central bank regulates the value of the currency being issued. It is critical to understand that the entire structure of this system can only produce one thing in the long run: DEBT.

Most recent, The Federal Reserve Act was signed in 1913 and the public was told that the Federal Reserve System was an economic stabilizer and inflation and economic crises were thing of the past. Well, as history has shown, nothing was further from the truth.

Here are what some great leaders have said throughout history regarding Central Banks. Some were contributors who in the aftermath gave great regret to their involvement or aide in instituting such on the people of their nation and creating economic slavery.

There is something behind the throne greater than the king himself”
-Sir William Pitt, House of Lords, 1770-

“The real truth of the matter is that a financial element in the large centers has owned the government since the days of Andrew Jackson”
-Franklin D. Roosevelt, US President, 1933-

“The refusal of King George to allow the colonies to operate an honest money system, which freed the ordinary man from clutches of the money manipulators was probably the prime cause of the revolution”
-Benjamin Franklin, Founding Father

“I believe that banking institution are more dangerous than standing armies… If the American people ever allow private banks to control the issue of currency… the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered”
-Thomas Jefferson (1743-1826)

“If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation’s credit”
-Sir Josiah Stamp (1880-1941)

“Our Great Industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men... who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”
-Woodrow Wilson

“We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world –no government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”
-Woodrow Wilson

“Under the Federal Reserve Act, panics are scientifically created. The present panic (1920) is the first scientifically created one, worked out as we figure a mathematical equation.”
–Charles Lindbergh

“It was a carefully contrived occurrence, international bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all.”
-Louis McFadden

“Give me control of a nation’s money supply, and I care not who makes its laws”
-Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty

We are in a very bad economic state and it looks like its getting worse. Without education and understanding of how all this started we can never finish it. Banks are creating NEW fees as the economy continues to crumble. Gift cards come with hefty fees and not all are created equal. Now, creditor firms are going to start charging for inactivity. Meaning, if you do not use your card you can be charged a fee. That’s right. Their justification for implementing this? To slow THEIR default losses. All these new banking fees being incepted while the nation is in its most vulnerable financial state in decades.

Its time to get out of debt people. Close your credit cards. Use cash. A certified credit counselor can help you create a household budget for FREE and review your credit card accounts to see if you could benefit from a debt consolidation plan and start ending this viscous cycle. Closing your cards and consolidating with a non-profit will lower the finances charges the banks are assessing and stop additional fees for delinquencies. You can be debt free, we can help. Call 800.905.1563 or visit our website Financial freedom for America starts with you and Freedom Debt Management. Were eliminating the nations debt one household at a time. Join us.

Hello. Thank you for the information. I have found a lot of things I did not know well reading through this. For some people getting out of debt is not as easy as it was getting into it, unfortunately. Many struggle with just keeping their heads above water since the down turn of the economy. People are still struggling with job loss or the after math. I agree with what you said I am just pointing out the fact that some things truly are easier said than done.

Thu, 12/03/2009 - 20:07 Permalink

and agreed! Its SOOOooo much harder to get out of debt than the incurring process and with the outrageous interest rates and delinquency fees its a system that makes it near impossible to get out of debt. If we, consumers, took time to see how much of that minimum monthly payment is going to principle vs interest i think ppl would really start thinking more about speaking to a credit counselor and/or seeking an alternative than sitting in the system the banks created- for their profit, not our gain.

The central banking system, the Federal Reserve, LOANS money to the government with interest. So for every dollar printed there is interest attached. I dont think we as a nation would be so willing to receive 'stimulus' checks knowing were creating more debt for our children and theirs to come. Its a sad, viscous cycle that seems endless.

As a non profit were trying to do our part to help ppl better understand their credit, how the banking system operates, and what we as a nation and organization can do to get out of this huge deficit.

Thanks for taking the time to read my post - like I see u always do!!!! Help spread the word and cya Later!

Thu, 12/03/2009 - 21:49 Permalink

(How did I miss this one!!)....ok..I can see you point, OP. It WOULD help if 'we' could cut down on things. This is how I see the 'other side of it'. 1) You say to cut up our CC's. What if the CC's are the ONLY thing 'we' are living on, after a job loss, etc? 2) It would to 'our' advantage to budget 'our' money. What if you just don't have it to budget?..etc. I'm not saying anything 'negative' about your post...I think the information was very valuable. I was just pointing out the 'other side of the coin'.

Mon, 12/14/2009 - 01:01 Permalink

There are a lot of people on that side of the coin agreed. The last paragraph was intended more so as a long term solution to a reoccurring problem to be executed as able per individual. How we should start living our lives, getting away from credit as able and never looking back to it for emergencies or aid, but living within our means and eventually becoming a debt free nation. No overnight fixes, especially now with the current economy and unemployment issues. Some people cant help but to use their credit right now because of the job crisis. Even I some weeks have to crutch on my Visa to put gas in my tank till the next check deposits. It’s a rough situation and we can only do whats within our means, absolutely agreed.

Tue, 12/15/2009 - 16:57 Permalink

Also...I tihnk MOST of it is our Government giving other countries 'loans' because "we want to support them in good faith." Well..what about OUR country? Do WE not have financial problems as well? A GOOD example: This was in Iraq. How much does the Gov want to put toward this war? The Gov wants to do this for a 'peace offering? I serve in the Military...I think this 'war' neded to end a long time ago.

Tue, 12/15/2009 - 18:16 Permalink
Rifki (not verified)

Hate to tell ya, but nowadays $2,000 in debt is NOT a tmderneous amount of debt! Credit card companies deal with people like you ALL the time The U.S. is freakin' cos people all over have *many* times that amount in debt! They charge for boats, planes, automobiles, etc., so you see, again $2,000 is NOTHING!!! This is gonna sound odd, but it happened just the same and it really pissed me off cos I found out what I did wrong when it was too late.I could never qualify for a major credit card so I applied for and got a credit line through a national jewelry chain. I needed the credit so figured what the heck, right? WRONG!!! I had it for a few years and was able to acquire a few pieces of jewelry. Thinking I was doing the right thing, once I paid off my charges, I closed it out. When I attempted to re-open it so as to get my children some nice graduation gifts, I was unable to do so and *that* was when I found out that I should have kept it open and just charged the minimal of $25 a month! Well, who needs that much jewelry? I was fed up and discouraged and never did it again.Personally I'm not big on plastic as *I* feel that it's too much of a headache all the way around; for the customers *and* the merchants!The percentage rates are through the roof and when you make a small purchase, it only seems to double the original price of the charged item. That in turn raises prices, sometimes making for late payments and then the merchants have to wait for payments Me, if I can't afford it, I don't need it My advice to you is to be extremely diligent and not charge over what you can afford. By doing so you won't be making any late payments, which also affects your credit.People are told that all the time, but they forget. The key is NOT to forget, but having instant cash can be quite the temptation and living in a society that wants instant gratification makes the temptation all the harder!Good luck!

Thu, 04/11/2013 - 13:05 Permalink