WHY YOU ARE A SLAVE TO BANKSTERS by James Jaeger
Before you read this article, I implore you to watch a short film on wealth disparity. It's at http://youtu.be/QPKKQnijnsM if the below viewer doesn't work. This is without a doubt the very best SHORT film EVER produced on this vital subject. If, after watching this film, your flesh does not crawl, then you're already dead. There is thus no need for you to read the rest of this article.
Here are the facts. 1% of the people in the U.S. own 40% of the nation's assets, such assets being $54 trillion. This means a mere 3 million people own almost half of the nation's wealth. Who are these 3 million people, the "1-Percenters"? What are their names? Don't the other 308 million people in America deserve to know who these people are and even where THEY LIVE?(1) Here's why they do. Most of these 1-Percenters have preempted the nation's wealth as a result of predatory, unethical and often times illegal business practices, what Bill Clinton euphemistically apologizes for as "unjust enrichment."
Let's take a look at the primary ways this "unjust enrichment" happens, mostly assisted by Wall Street and the New York-based banking system as they run rough-shod over the U.S. Constitution. Many fear that unless this unjust enrichment, and the attendant wealth inequality, are brought to the more equitable wealth distribution mentioned in the film, we can expect another French Revolution.
For those of you who are history-challenged, too young or just interested in partying, the French Revolution was the time when the starving masses, in 1789, rounded up their 1 Percenters and chopped off their heads, including the head of Queen Marie-Antoinette, who is reported to have said: "Let them eat cake if they are out of bread."
Wickipedia describes the French Revolution as follows:
"Amidst a fiscal crisis, the common people of France were increasingly angered by the incompetency of King Louis XVI and the continued indifference and decadence of the aristocracy. The revolution was sparked by France's effective bankruptcy due to the enormous cost of previous wars. . . the royal court at Versailles was seen as being isolated from, and indifferent to, the hardships of the lower classes. . . . aspirations, given focus by the rise of Enlightenment ideals, included peasant resentment of royal absolutism; and privileges possessed by the nobility; hatred of Queen Marie-Antoinette, who was falsely accused of being a spendthrift . . ."
Does any of this sound familiar? In today's wealth-disparity, establishment historians and spin doctors will endlessly argue the causes and issues -- but does it matter? When millions are below poverty and only 3 million people own $22 trillion of the nation's assets -- out comes the guillotine sooner or later.
The long-term economy of the U.S. is now so bad, the current generation has a lower standard of living than its parents. Most of us have been going backwards economically since at least 1971. The bottom 40% of Americans hardly have ANY wealth whereas the top 20% have 83% of the wealth. Chances are if you live to 85, you won't leave any inheritance to your children: you will leave them with debt.
Why is this?
IN A SENTENCE, IT'S BECAUSE THE BANKS AND 1-PERCENTERS THAT OWN, OPERATE AND BENEFIT FROM THEM -- PERSONALLY AND THROUGH CORPORATIONS -- CONTINUOUSLY SIPHON OFF ALMOST ALL TECHNOLOGICAL PROGRESS BY MEANS OF FIAT CURRENCY AND TRICKS WITH MONEY.
Fiat currency is anti-Constitutional "money" that we are forced to use for all our transactions by what's known as legal tender "laws". This currency is called Federal Reserve Notes, and you may even have a few of them in your wallet. "FRNs" are anti-Constitutional because they are not backed by silver or gold, as required by Article I of the U.S. Constitution. FRNs are debt instruments, similar to "Bills of Credit" outlawed in the U.S. Constitution. That's why they are called Federal Reserve "Notes." An FRN is no longer redeemable in silver or gold, because in 1813, the New York banking cartel of the day lobbied Congress to grant them what eventually became the special privilege of printing currency, paper currency that can't be converted into gold or silver. Between 1913 and 1971, gold and silver money were thus phased out, the final nail in the coffin coming when President Nixon said the following on national TV:
"I directed Secretary Connelly to suspend temporarily the convertibility of the dollar into gold or other reserve assets except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of the United States. In full cooperation with the International Monetary Fund and those who trade with us, we will press for the necessary reforms to set up an urgently-needed NEW international monetary system. Stability and equal treatment is in everybody's best interest."
This is double-speak for the fact that Nixon was announcing that the U.S. would no longer honor gold contracts with foreigners. Listen to the actual Nixon speech at http://youtu.be/rcnhF09QN78. This too should make your flesh crawl. What Nixon was telling the world in political double-speak was that the U.S. was defaulting on its obligations to settle our trade deficits (differences) in gold.(1) This is what he really meant by "suspend temporarily convertibility of the dollar into gold" -- dollars were no longer redeemable in gold. Thus was born the Federal Reserve "Note".
And also recall that, in 1971, Nixon said conversion would only be suspended "temporarily". What a joke! We still have the same suspension here in 2013, so we can see that there has been nothing TEMPORARY at all about this "NEW international monetary system" -- a system the bankers probably wanted Nixon to 'press for as an urgently needed necessary reform' as "stability and equal treatment is in everybody's best interest." Note, the "justification" is always to create monetary "stability" -- the exact language used by the Federal Reserve in their mission statement at http://www.FederalReserve.gov.
"The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more STABLE monetary and financial system. . . . to maintain the STABILITY of the financial system . . . "
What Nixon did was effectively end the Bretton Woods monetary system and PERMANENTLY terminate the gold standard for the entire world. This is the moment things went haywire because, unlike gold and silver which can't be printed, paper money CAN be printed endlessly. So, obviously, "stability" through paper money is a load of crap, as we can all see 42 years later with the dollar having lost 98% of its purchasing power. And while real wages of the average American worker HAVE remained "stable" at 1971 levels, corporate CEO salaries have RISEN over 380 times the average worker's wage.
In short, the bankers love paper, fiat currency and hate gold money. The ability of the 1-Percenters' banks to print endless currency is obviously the source of the gross wealth disparity we have today. When one class of society gets to print their "money" and all other classes must work for it, how could things be otherwise?
The Role of Technology:
But there is a more subtle reason we have this wealth disparity. As technology makes it easier to produce products, there ARE more products out there. One farmer can now grow enough food to feed thousands whereas he used to be able to feed only his family. Given a similar increase of productivity through out all industries, all should be good. Everyone's wealth should be going up and the hours of hard labor they have to put in going down. But this is not the case.
What happens is, the bankers under the influence of the 1-Percenters, know that, if the supply of products grew and they did not "grow" the money supply (through printing), the purchasing power of each dollar would INCREASE. We would have "deflation" -- a word the banksters have made "nasty" -- but to the contrary could be defined as:
"Fewer dollars chasing, AND obtaining, MORE and better products, because each dollar is MORE powerful and there are FEWER lousy products on the market because there is LESS malinvestment."
But, what the bankers don't mention is, if the purchasing power of Americans' money increased -- became more powerful -- the banks would have NO "justification" for printing endlessly more money (for themselves). As Murray Rothbard discusses in his must-read book, The Case for a 100 Percent Gold Dollar, the existing money supply would be suitable, no matter what that supply is once established. This would deny the banks, hence the 1-Percenters, their primary method of siphoning off technological productivity of WE THE PEOPLE through what's known as "inflation," a hidden tax on the poor and middle classes.
Thus inflation could be defined as:
"More and more dollars chasing, AND failing to obtain because of increased prices, an ever-dwindling supply of products, often lower and lower in quality because each dollar, being LESS powerful,forces malinvested manufactures to produce and sell more and more lousy products just to stay alive in an economy of endless boom and bust "business cycles" caused by fiat currency.
You can see it in the products which are getting crappier and crappier and less and less. Bags of popcorn and potato chips are never filled to the top. The bags are painted to conceal the shortage. Hot dog buns are now smaller. Candy bars are now smaller. The bottoms of jars are hollowed out into the interior so that it takes less product to make them look "full." Watered down sodas and drinks with excessive amounts of ice. Cars made more and more of plastics, thus more and more dangerous. Less and less gasoline for each Federal Reserve Note. Books, magazines and newspapers no longer on paper. Electronics designed to usually last only a few years. Batteries that only last a year. More and more stuff made of cheap plastics rather than metal. In short, as the purchasing power of the money supply is watered down, diluted, the quality of the product supply is also watered down.
Sure everyone has a $100 million personal computer on their desk right now, but this has ONLY happened because certain technologies are SO powerful even the 1-Percenters can't inflate the money supply enough to drain ALL of the productivity out of them otherwise they would totally collapse their monetary system.
As proof, ask yourself, why have computer prices continuously dropped whereas automobile prices have continuously risen? The computer industry is new, but the auto industry is over a hundred years old. After a hundred years of manufacturing experience, shouldn't the auto manufactures be able to make cars as cheap as personal computers? Answer. The cars WOULD be as cheap as personal computers if the dollar's purchasing price were not destroyed by fiat currency. Today a Porsche would require 5,000 or less Federal Reserve Notes -- the same number of FRNs, or less, it took to buy a Porsche in 1971 -- yet that Porsche would have 2013-technology all over it.
So this is a future none of us lived because of our own stupidity and willingness to allow the scotch-drunk, 1-Perecenter's plan to dominate the world. Deflation is the plan that would have enriched WE THE PEOPLE. Inflation is the plan that enriches THEY THE 1-PERCENTERS -- all made possible by fiat currency.
In summary, what the bankers do under the unspoken mandate of their 3 million masters in the "power elite," is this: every time a savvy techie invents a new computer or writes a new program that enables society to make more, better products using fewer resources, the bankers print up just enough fiat currency to neutralize the excess production. In other words, they increase the money supply -- they "inflate" it -- as the product supply increases. This DOES keep prices "stable," but it also destroys the purchasing power of the dollar and enables a class of people -- the 1-Percenters -- who accrue unjust enrichment.
Exactly How Do the Banksters Screw Us?
The 1-Percenters are able to do this because they have suckered the public into a belief that's simply not true. This belief, this meme, says that "you have to increase the money supply commensurate with the increase in the product supply in order to maintain price stability." There's that word again -- "stability" -- the stated mission of the Federal Reserve System: "to maintain the STABILITY of the financial system ...." But here's the problem.
When the banking elite prints up the new money "justified" by their "do-gooder" claim of maintaining price "stability," WHO gets to use the new currency first? Well, here's who: the people who are physically closest to the U.S. Treasury in Washington AND who have a high in priority in the government's budget. And who is this? Obviously it's the immediate employees of the government -- the president, the congress, the supreme court (and their tens of thousands of staffs and assistants) -- but also everyone in the pentagon AND all the (multi)national corporations that the pentagon contracts to manufacture and maintain its weapons and multi-trillion dollar infrastructure. So, all of THESE people, as well as the corporations that rely on them get use of the newly-printed Federal Reserve Notes right as they come off the press. This -- and through inherited wealth -- is where most of the 1-Percenters are spawned. Then what happens?
As all this new fiat currency floods into the 1-Percenters' coffers -- this "power elite" -- goes out and buys new wardrobes, new cars, new furniture, new houses, new boats, new jets, new islands, and $22 trillion worth of assets. Many of them also take the "easy money" and dump it into derivative-driven hedge funds. This is where most of the wealth is actually held, in the securities markets of Wall Street and this is why the stock market is booming while 83% of the nation is starving.
And no matter what the government-connected, 1-Percenters spend their fiat currency on they get these items at PRE-inflation prices. Why? Because, as their money floods through the economy, it drives the cost of all products and services up. This is because, as the newly-printed fiat currency goes into circulation, it is so plentiful, it devalues the purchasing power of all the previous currency in circulation. More money chasing fewer products drives the value of each dollar down, thus it requites MORE of them to buy any given product.
This is your "quantitative easing" at work -- a new term developed by the 1-Percenters' PR firms to obfuscate their crimes. But no matter what terms you invent, it ultimately means that it takes WE THE PEOPLE more Federal Reserve Notes to buy OUR wardrobes, new cars, new furniture, new houses, new boats, new jets and new islands, et cetera. So WE lose out to the 1-Percenters' as they issue loans, print money and get first-call ON that newly printed currency. The premium we must pay in order to enjoy the same standard of living as these elites operates like a TAX. This is why inflation is a hidden tax and this why THEY LIVE high on the hog while 83% get only $9 trillion of the $54 trillion national wealth.(2)
So this is how you're being screwed by the 1-Percenters. This is how THEY LIVE. This is how your PRODUCTIVITY -- your new computer tech and programs -- are getting siphoned off by the elites that surround the banks (as Jefferson warned).(3) This is why your wages have not risen since Nixon-71, why your wife must now work, why college tuition is ridiculously high, why you have no health insurance, maxed-out credit cards, $4+ gasoline, monopolistic Internet service providers; why you drive an old car and rent. In sort, this is why you are an economic slave to the 1-Percenters who have created and perpetuate the worst wealth inequality in the history of the world. Is it any wonder so many -- who don't understand how they are being screwed by the 1 Percenters -- pick up a gun and blow the hell out of anyone they can place a bead on?
How to Neutralize the 1-Percenters
Things don't have to be as described here. The 1-Percenters CAN be dethroned if WE THE PEOPLE regain control of the two entities the 1-Percenters use to protect their wealth: BANKS and POLICE. In other words, the "power of the purse" and the "power of the sword." To get a better understanding of these powers, I would like to introduce you to two films that will reference a number of books for further clarifications. The first movie is called FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution. It can be screened for free at http://youtu.be/5K41O2QfpjA. The second movie is called MOLON LABE - How the Second Amendment Guarantees America's Freedom. Since this movie is still in production at this time, you can screen a short trailer at http://youtu.be/0C-W7Mwq5Gk and an extended trailer at http://youtu.be/B5TG9CB2llE and you should stay tuned to the official website at http://www.molon.us. Both these films, and other films on the Constitution, can be purchased on higher quality DVD at http://www.MoviePubs.net. Please support these productions by purchasing DVDs and donating from time to time. Given the 1-Percenters own 40% of the nation's assets and the 20-Percenters own 83% of the nation's assets, it's not a big jump to reason that these same people own most of the New York mainstream media and Hollywood movie studios. Thus, these entities aren't going to be keen on showing FIAT EMPIRE or MOLON LABE.
In fact, we produced FIAT EMPIRE with Ron Paul in 2005. It's now 2013 as I write this. Has FIAT EMPIRE ever been shown in the mainstream media the past 8 years? Of course not. This movie hasn't been shown -- or even acknowledged as EXISTING -- on Fox News, CNN, MSNBC, CNBC, PBS, History Channel, or any other mainstream outlet. It's a pure blackout on the subjects of the "power of the purse" and the "power of the sword." And the very fact that we HAVE this blackout is evidence, if not proof, that these ARE major issues that matter. They are major issues -- if not the two MOST important issues -- because they are the issues that address how the 1-Percenters got the wealth and how they keep most of us enslaved to their system of unjust enrichment.
In 2005 there were only a handful of "conspiracy theorists" discussing the Federal Reserve System. Today, thanks to Ron Paul and others on the Internet, word is out despite the mainstream media blackout. This proves that it can be done. WE THE PEOPLE have done it with regards to the "power of the purse." This issue is now in the national discussion even though the mainstream media continues to suppress it. Millions of people all over the U.S., and the entire world, are thinking about, discussing, arguing and debating the pros and cons of fiat currency, fractional reserve banking and central banks, like the Federal Reserve System. If this can happen with the "power of the purse" it can also happen with the "power of the sword."
MOLON LABE, like FIAT EMPIRE is a primer on the "power of the sword." Like FIAT EMPIRE, Dr. Paul is featured in MOLON LABE. In the movie, he describes the importance of the "right to keep and bear arms," how it is the backbone of the "power of the sword" and why it guarantees America's freedom. This movie is inspired by a new 2,600-page book just released by Edwin Viera, Jr., The Sword and Sovereignty. Dr. Vieira -- who holds four degrees from Harvard and is the author of countless articles and books -- is the foremost legal authority on the U.S. Constitution. Through the movie, one can be introduced to the concepts and arguments in the book, and through an understanding of the book, WE THE PEOPLE can regain an appreciation of the U.S. Constitution.
You do not have to be enslaved to the 1-Percenters' BANKERS and POLICE. Become informed.(4)
(1) The very REASON the world was ON the Gold Standard was so no nation would print up too much paper currency. When the U.S. started printing excessive paper currency, France and Britain had a right to convert their paper into gold. The "out flow" of gold from the U.S. to France and Britain would stop when the U.S. stopped printing up too much paper currency. This HOW it's SUPPOSED to work. But when Nixon simply defaulted on the gold payments, he, in essence, committed national fraud, if not the grandest of larceny. Taking us off the Gold Standard, as we can now see, has lead to a fiat currency and the current insane wealth disparity seen at http://youtu.be/QPKKQnijnsM. Also, with NAFTA, the U.S. manufacturing base was gutted because the multinationals could borrow endless fiat currency at below market rates to build factories in other countries. Multinationals want to produce cheap products with, for instance, Chinese slave-labor and then sell them back into the $15 trillion U.S. market at heighten profits. It's like manufacturing on crack. To remedy this "crack manufacturing" instituted by Benedict-Arnold CEOs, WE THE PEOPLE should enact a "cover charge" for multinationals attempting to get into the "dance." I thus agree with Nixon's import tax -- maybe not appropriate in 1971 and maybe not 10% -- but we need such a tax today to neutralize the runaway profligacy of the multinationals that think it's okay to rape and pillage the middle class of the United States like crack-whores gone wild. See Suicide of a Superpower, by Pat Buchanan for details on this and other important subjects. This is the book 1-Percenters at MSNBC fired him over.
(2) In 1988, John Carpenter directed a film called THEY LIVE. This film has become a cult classic because it not only predicted, but has become a metaphor for the wealth disparity we see in today's civilization. The elite 1-Percenters LIVE, while the rest of us SUBMIT. To paraphrase one author: 'John Carpenter's slow and deliberate immersion of the daunting and worrying fable of the corrupt, deceiving and indifferent economic, social and political society, that has wrapped itself around its people and who in turn have blindly accepted their fate. This is the story of an ordinary man who stumbles upon a secret, alien elite (the 1-Percenters) and who has a mission to awaken the world to their sinister plans.... It is through thought control that this alien elite has this world tied up and neatly packaged for their own manipulative uses and to further themselves at the expense of the meek, the mild and the lowly sufferers of a job-less and hungry world. THEY LIVE while YOU STARVE and sleepwalk. Where will your consciousness take you when the sleep is washed from your eyes? Welcome to the real world.' See a clip from the movie at http://www.youtube.com/watch?v=7Lwlx3GnLGs.
(3) Thomas Jefferson once said: "I believe that banking institutions are more dangerous to our liberties than standing armies . . . 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 [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809)
(4) If you do not understand how populations down through history have been enslaved by 1-percent, elites in cahoots with governments, watch a movie called INNOCENTS BETRAYED produced by "Jews for the Preservation of Firearms Ownership," a group dedicated to the preservation of gun rights in the United States. This eye-opening, 58-minute movie is at http://youtu.be/nUmKT43j4Tc.
02 March 2013
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