Bankrupt America, Intro + Part I

Guest post from Kook's Manifesto



Introduction



Never have I read a 40 page booklet that had such an impact on my political views as the one that I just finished. Before it, I read Common Sense by Beck/Paine and thought it was excellent, but the 2nd Common Sense had a predecessor. A good friend and longtime political activist recently gave me a book that not only matched Common Sense 2.0 in relevance, it topped it. For a book that was written in the 20th century, it's relevance now is jaw dropping. This book was so controversial that the government squashed it's circulation by confiscating many copies, then had imitation copies printed with very false information. It is an "inside the beltway" perspective on how America has been bankrupted. Many of the issues covered in it are what we are seeing on the news right now. This book explains what happened. It names parties responsible and it discusses how often we have been warned that this is coming. Before I read this, I knew just like most of you, that hard times are ahead. This book opened my eyes to how hard things will be and why. To protect my friend, I will be re-wording this book in my own language. After I am done with this series of posts, I will have a few copies to mail out. There is so much in this that I cannot do this in one post so it will be done in short parts. Maybe one or two a day.



Part I : Audit the Fed



How many of us really understand what the Fed is? Is it a government agency? Who runs the Fed? What does it do? Let's start at the beginning. The Fed was created in 1913 by passage of the "Federal Reserve Act." It effectively handed over our economy to a few super-rich individuals, mostly foreign and individual foreign-banking interests. The insanity of this is that the system the Fed uses to manage our money insures that it is mathematically impossible to pay off our national debt. I know...how is that you asked? It goes like this:

The Federal Reserve pays around $25 for each 1000 notes printed. In addition, the Fed requires a pledge of equally valued collateral to the face value of the notes. So lets say, that the Federal Reserve prints a Million dollars worth of currency. A pledge is then promised by whoever runs congress, (now it would be Pelosi), for collateral, (consisting of our land, labor, and assets). Meanwhile, the Fed only creates money as debt. That is accomplished with a stroke of a pen when members of the Fed make loans to the Government. At the same time, the fed charges a usury or interest on all loans at the same time. This means that every dollar we spend is nothing but debt. So when we pay dollars back to the fed we are just giving them debt to add on, therefore paying the debt back causes more usury-induced debt than before because the fed either prints or re loans the money back to us. Therefore, the more we pay down the debt, the more the deficit increases. Meanwhile, the IRS takes our money in taxes, gives to the fed, so the fed can charge America interest on our paid taxes, then loan more money "to keep the economy stable." Then the Fed re loans the money to the US to do the whole routine all over. So when you combine the IRS and the Fed, you get the exact recipe for American bankruptcy.

Mad yet? Just wait, this is nothing....

"Strictly speaking, it probably is not necessary for the federal government to tax anyone directly; it could simply print the money it needs. However, it would be too bold a stroke, for it would then be obvious to all what kind of counterfeiting system the government is running. The present system combining water and milk: too much water and the people catch on."

(Ron Paul R, TX)

To be continued.....