‘The Reason we should care about the federal reserve system is because it’s a fraud’

by | Oct 11, 2009 | Headline News | 3 comments

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    James Corbett interviews G. Edward Griffin on the Federal Reserve as part of the Corbett Report’s Economics 101 series.

    G. Edward Griffin:

    “It is a fraud that actually affects us in a very personal way. The way it affects us is that it expands the money supply, and by so doing it causes this thing called inflation. And, inflation is the silent thief of our purchasing power and it becomes like a hidden tax. So, the reason people should be concerned about the federal reserve system is because the system is taxing them every day through this process of inflation, and most of them have no idea that it’s going. And if you look at how much this tax is, it’s the biggest tax of all.”

    Watch the Interview:


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      1. I have the utmost respect for Mr Griffin, Mr Paul and those attempting to draw attention to the truth about the Fed.  The Fed should be exposed, and the people must be educated.

        However, I have a different take on the outcome of the HR1207 legislation and what may or may not follow its passage (or not).  Nobody can predict the future.  But the banksters that have run this planet for over four centuries don’t make mistakes.  They may  have bumps along the way, and maybe the timing or order of their actions get shifted around, but over the long run, what they want to happen, IS what happens.

        If HR1207 passes (in whatever form it may), or if it doesn’t pass, and/or if its suggested actions are carried out, it will be because the powers that be wish it to be so.

        It would not surprise me one bit, if it were the desire of the global banksters, to have HR1207 pass, have the Fed audited and even eventually have it abolished, at least in its current perceived form, only to be replaced by the Bank for International Settlements, IMF, World Bank, and/or any other host of existing or soon-to-be-proposed banking cartels yet to be foisted on the global sheeple.

        In other words, while I think it’s a great thing to audit the Fed, and would be an even greater thing to abolish it, I simply don’t think the global banksters have any plan in mind, other than “taking it to the next level” as a result of whatever may come from such legislation.


      2. Here is a must-watch video interview of Norman Dodd, done by G. Edward Griffin.  The subject is not the Fed, but rather the large tax-exempt foundations.  I feel it’s connected and worthwhile to post here.  There are Google Video and YouTube links below, as well as a text-searchable transcript in the 3rd link.  Highly recommended viewing.




      3. Patrick, you are absolutely right on with this one:

        “If HR1207 passes (in whatever form it may), or if it doesn’t pass, and/or if its suggested actions are carried out, it will be because the powers that be wish it to be so.”

        There is no way in hell this thing will pass Congress unless the interested parties who gave $350 million in contributions (2008) to congressional members want it to be this way.

        Abolishing The Fed is a great idea. But, be careful what you wish for. IF a one world government is the goal, then we would likely have a one world currency of some type. This would be controlled by the central bank of all central banks… TERB (The Earth Reserve Bank), affectionately known by future generations as TURD.

        I am not as excited about HR 1207 as most, because in my view, nothing will change in the long run. The system as we know it would crash. It would then be be replaced by a new system of serfdom, as has happened repeatedly throughout history.

        I hate to be a pessimist here, but I don’t see any way a new system that focuses on individual rights is sustainable. Greedy politicians and money changers have and will always be around.

        The founding fathers tried, but unfortunately not even the Constitution is strong enough to prevent it. Jefferson had his problems with it, and no one listened… and his fears are now reality.

        I think term limits on Congress would have been a plus. I also think that judges on the State and Federal levels should not be appointed, but voted for, along with strict term limits. What sense does it make to have the executive and legislative branches appoint the very branch of government that is supposed to act as a final cross-check?

        Being a representative should not be a full-time job. You go in, do the work of the people, and then you go back home and carry on your life in the private sector.

        The founding fathers, in my opinion, screwed the pooch royally on this one. And there is certainly no way this will happen now. What politician will vote himself out of office with term limits?

        Thanks for those links — will scobe them later today.

        blah. it’s disgusting.

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