Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)Show Video Details ↓ [music] … … … … … …Narrator: 1775. The American revolutionary war began as the American colony sought to detach from England and its oppressive monarchy. Although many reasons are cited for the revolution, one in particular sticks out as the prime cause: that King George III of England outlawed the interest-free, independent currency the colonies were producing and using themselves. In turn forcing them to borrow money from the central bank of England at interest, immediately putting the colonies into debt. And as Benjamin Franklin later wrote, "with the refusal of King George III to allow the colonies to operate an honest money system which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the revolution." In 1783, America won its independence from England. However, its battle against the central bank concept and the corrupt greed filled men associated with it had just begun. So what is a central bank? A central bank is an institution that produces 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 our government's economy with money, it loans it to them at interest. Then, through the use of increasing and decreasing the 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 1 thing in the long run - debt. It doesn't take a lot of ingenuity to figure this scam out. For every single dollar produced by the central bank is loaned at interest. That means every single dollar produced is actually the dollar plus a certain percent of debt based on that dollar. And since the central bank has a monopoly over the production of the currency for the entire country and they loan each dollar out with immediate debt attached to it, where does the money to pay for the debt come from? It can only come from the central bank again, wich means the central bank has to perpetually increase its money supply to temporarily cover the outstanding debt created which, in tur,n since that new money is loaned out at interest as well, creates even more debt. The end result of this system without fail is slavery, for it is impossible for the government, and thus the public to ever come out of the self-generating debt. The founding fathers of this country were well aware of this. [music] … … … … … … … … … By the early 20th century, the US had already implemented and removed a few central banking systems which were swindled into place by ruthless banking interests. At this time the dominant families in the banking and business world were the Rockefellers, the Morgans, the Warburgs, the Rothchilds. And in the early 1900s,they sought to push once again legislation to create another central bank. However, they knew the government and public were very weary of such an institution so they needed to create an incident to affect public opinion. So, JP Morgan publicly considered a financial luminary at the time exploited his mass influence by publishing rumors that a prominent bank in New York was insolvent, or bankrupt. Morgan knew this would cause mass hysteria which would affect other banks as well. And it did. The public, in fear of losing their deposits, immediately began mass withdrawals. Consequently the banks were forced to call in their loans causing the recipients to sell their property and thus a spiral of bankruptcies, repossessions and turmoil emerged. Putting the pieces together a few years later, Fredrick Allen of Life Magazine wrote "The Morgan interests took advantage to precipitate the panic, guiding it shrewdly as it progressed." Unaware of the fraud, the panic of 1907 led to a congressional investigation headed by Senator Nelson Aldrick who had intimate ties to the banking cartels and later became part of the Rockefeller family through marriage. The commission, led by Aldridge, recommended a central bank should be implemented so a panic like 1907 could never happen again. This was the spark the international bankers needed to initiate their plan. In 1910, a secret meeting was held at a JP Morgan estate on Jekyll Island off the coast of Georgia. It was there that the central banking bill, called the Federal Reserve Act, was written. This legislation was written by bankers, not lawmakers. This meeting was so secretive, so concealed from government and public knowledge that the 10 or so figures who attended were told they could only use their first names in addressing each other. After this bill was constructed, it was then handed over to their political front man, Senator Nelson Baldrick to push through congress. And in 1913, with heavy political sponsorship by the bankers, Woodrow Wilson became President having already agreed to sign the Federal Reserve Act in exchange for campaign support. And two days before Christmas, when most of congress was at home with their families, the Federal Reserve Act was voted in and Wilson in turn made it law. Years later, Woodrow Wilson wrote in regret... [silence] … … … … … [silence] [silence] Congressman Lewis McFadden also expressed the truth after the passage of the bill. A world banking system was being setup here, a super-state controlled by international bankers acting together to enslave the world for their own pleasure. The fed has usurped the government. Now, the public was told that the federal reserve system was an economic stabilizer and inflation and economic crises were a thing of the past. Well, as history has shown, nothing is further from the truth. The fact is that international bankers know how to streamlined machine to expand their personal ambitions. [noise] For example, from 1914 to 1919, the fed increased the money supply by nearly 100 percent, resulting in extensive loans to small banks and the public. Then, in 1920, the fed called in mass percentages of the outstanding money supply, thus resulting in the supporting banks having to call in huge numbers of loans and, just like 1907, bank runs, bankruptcy and collapse occurred. But 5400 competitive banks outside of the federal reserve system collapsed, further consolidating the monopoly of a small group. |