In March 2008 the investment bank Bear Stearns ran out of cash and was acquired for $2 a share by J P Morgan Chase. The deal was backed by $30 billion in emergency guarantees from the Federal Reserve. Charles H Ferguson, Inside Job, 2010
Neither Lehman nor the federal government had done any planning for bankruptcy. ibid.
The AIG bailout cost taxpayers over $150 billion. ibid.
The Federal Reserve created the real estate bubble. Celente & Schiff & Paul & Faber & Rogers & Woods, MeltUp: The Beginning of a US Currency Crisis
In fact this is precisely the logic on which the Bank of England – the first successful modern central bank – was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the King. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the King now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank – in effect, to circulate or ‘monetize’ the newly created royal debt. This was a great deal for the bankers (they got to charge the King 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it), but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist. David Graeber, Debt: The First 5,000 Years
Having reduced society to squalor, the Federal Reserve bankers decided that the Gold Standard should be removed. In order to do this they needed to acquire the remaining gold in the system. So under the pretence of helping to end the Depression came the 1933 gold seizure. Under the threat of imprisonment for ten years everyone in America was required to turn in all gold bullion to the Treasury, essentially robbing the public of what little wealth they had left. And at the end of 1933 the Gold Standard was abolished. John Nada, Wake Up Call
So with the Federal Reserve you have Inflation and Debt. Now if the American government made the money, backed by gold, which limited that amount they could make, you wouldn’t have debt and you wouldn’t have inflation ... From the early 1800s to 1913 there was no inflation other than in the Civil War ... People knew what the money was worth. They could retire. They knew what it would cost them to live their lives out. There was no problem. It’s only since 1913 when the Fed came in we created massive inflation and massive debt. Aaron Russo, interview with Alex Jones
The Federal Reserve has created this massive inflation in America. It means the American worker has to keep making more money to keep up with the cost of living ... Because of the inflation they have created they have now allowed other countries to out-compete us ... So we’ve lost our manufacturing base ... We provide nothing to the world any more. Aaron Russo, interview Alex Jones
Hyperinflation is not going to happen in this country, will never happen ... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what’s necessary to keep inflation low and stable over time. Timothy Geithner This Week with George Stephanopoulos 29 March 2009
The Fed clings to status quo. Other central banks are vying to knock it down, or at least loosen its grip on them. But the Fed behaves as if it has no idea there are other powerful central banks that want to grab and harness its power. Nomi Prins online article cited The Corbett Report, ‘Naomi Prins Explains the Bankers’ Game of Thrones’, James Corbett online 2016
Groups of private individuals are in private control of institutions which literally create the money. Private unaccountable citizens have the power not only to create this money literally out of thin air, but then, through the miracle of fractional reserve banking lend out this money many times over. The Corbett Report: Central Banking is a Hoax, James Corbett online 2007
Two trillion dollars in Fed lending, that is money coming out of thin air created out of nothing by the privately owned central bank of the United States, was loaned out without the approval of Congress … The American public is not allowed to know. The Corbett Report, 64 End the Fed, James Corbett online 2008
In 1913 as we now know, the Federal Reserve took over the United States’ government. The private bankers came in, lobbied and established their own privately held central bank which prints the money for the US government of course at interest. What was once done by the US government, debt free and interest free, is now done by a privately owned central bank. ibid.
1910: a group of the richest and most powerful men in America were boarding a private railcar … belonged to senator Nelson Aldrich … Their destination? The secluded Jekyll Island … They were going to draft a reform of the nation’s banking industry in complete secrecy. The Corbett Report: Century of Enslavement: The History of the Federal Reserve, Youtube
‘Congress gave away the sovereign right to issue the nation’s money.’ ibid. G Edward Griffin
A privately controlled central bank lending money to the government at interest – money that it prints out of nothing. ibid.
The US economy is plundered while the private banking cartel laughs all the way to the bank they created. ibid.
America’s informal central banker in the absence of a central bank, John Pierpont Morgan. ibid.
It is Morgan who in 1907 sets in motion the crisis that leads to the creation of the Federal Reserve. ibid.
These conflicts are in fact a part of the institution itself, a structural feature of the Federal Reserve. ibid.
The Federal Reserve system needs to be consigned to the dustbin of history. ibid.
Jerry’s Challenge: After the Fed, what? The Corbett Report: Think You Know How to End the Fed? James Corbett online June 2017, Jerry Day
What every system of currency or solution we come with in the monetary paradigm is going to be circumscribed within a particular political context. ibid.
Did the Rothschilds create the unconstitutional Federal reserve private printing money institution …? … The TikTok summary that strips all of the information. The Corbett Report: Do the Rothschilds Own the Fed? James Corbett online 2023
Viz The Secrets of the Federal Reserve: The London Connection by Eustace Mullins … ‘George Peabody found that he had chosen well in selecting Junius S Morgan as his successor. Morgan agreed to continue the sub rosa relationship with N M Rothschild Company ...’ ibid.
Morgan is a Rothschild agent … What was the nature of that relationship? And who was subordinated to who? … There is no evidence presented … It very well could be true … I need to know how Eustace Mullins supposedly knew about this secret agreement. ibid.
He [Mullins] went on to cite the JFK Fed myth [in lectures]. ibid.
The Federal Reserve Act that was ultimately passed was actually a separate plan … meant as a compromise plan between the Jekyll Island Plan of a completely private banking cartel and the William Jennings Bryan kind of an idea of a government-controlled central bank. ibid.
The rival banking clans … still were squabbling, fighting with each other, stabbing each other in the back at the first opportunity. ibid.
There are owners of the Federal Reserve regional banks … are private banks … Who owns them? The shareholders … There are no publicly available shares … Pays a 6% dividend every year. ibid.
What is the Federal Reserve system? … Essentially a private cartel owned by the member banks themselves over the issuance of money in the US system. ibid.
‘Ownership’ is not quite the right word here … The question is, Who ‘controls’ the Federal Reserve? … and how they control it. ibid.
We get somewhat closer to the matter: the Bank for International Settlements. ibid.
It’s a big club and you ain’t in it! ibid.
Could there be a secret society of fat-money business men whose agenda has been the cause of every major war and economic depression? Is there a shadowy elite gently pulling the strings of our world to bring about their own self-serving political programme? Phenomenon: The Lost Archives s1e8: The Monopoly Men, 1998
The creation of the Federal Reserve system was about more than just money: some refer to it as the secret birth of a criminal conspiracy to rob the American middle class of its hard-earned wealth. ibid.
The called themselves the Jekyll Island club. ibid.
Since 1971 the US dollar and the global financial system have been based solely upon faith: faith in the guardian of that currency and of that system: the American Central Bank, the Federal Reserve. As the world’s reserve currency, the US dollar is how we measure our time, our products, our self world. Ours is a system based on trust and confidence, both of which began to disappear in the Fall of 2007. Money for Nothing: Inside the Federal Reserve, 2013
According to many economists and senior Fed officials, it was the Fed itself in the eye of the storm. ibid.
In 1910 Senator Nelson Aldrich summoned New York’s most powerful bankers to an island off the coast of Georgia to secretly negotiate plans for an American central bank: Jekyll Island. ibid.
In the 1920s the Fed reached beyond its original mandate and began to use this new-found power to steer the US economy. ibid.
‘We would have the kingdom of heaven right here in the United States of America.’ ibid. Jim Grant
At Bretton Woods the US had promised to be the world’s reserve currency backed by gold. But the Fed had created far more dollars than it could ever redeem in gold. And now the US could no longer keep that promise. ibid.
For the first time in history the dollar was just a piece of paper backed only by faith in the Federal Reserve and its policies. That promise was only as good as the Fed actions behind it … The dollar lost more than half its value. ibid.
What followed was the longest economic expansion and largest stock market boom in US history. ibid.
The Trouble with Bubbles: Japan was a cautionary tale of what can happen when stock market real estate bubbles explode in a frenzy of speculation, as they did in Tokyo in the 1980s. ibid.
Greenspan’s ideology won out … The nation’s most powerful banking regulator considered regulation itself obsolete. ibid.
He quickly responded with a series of interest rate cuts to soften the blow. ibid.
‘The Federal Reserve ended up encouraging a housing boom.’ ibid. Bill Poole