{"id":120770,"date":"2022-06-17T16:26:24","date_gmt":"2022-06-17T20:26:24","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=120770"},"modified":"2022-06-17T16:26:24","modified_gmt":"2022-06-17T20:26:24","slug":"multiple-bubbles-created-by-the-wall-street-controlled-fed-are-popping-big-time-trillions-of-dollars-lost","status":"publish","type":"post","link":"http:\/\/stateofthenation.co\/?p=120770","title":{"rendered":"Multiple bubbles created by the Wall Street-controlled Fed are popping big-time \u2014 trillions of dollars lost."},"content":{"rendered":"

A Hydra-Headed Monster<\/strong><\/h1>\n

The Stephen Lendman Blog<\/p>\n

Multiple bubbles created by the Wall Street-controlled Fed are popping big-time \u2014 trillions of dollars lost.<\/p>\n

At a time when US debt exceeds $30 trillion, analyst Nick Giambruno noted that the US hasn\u2019t been debt-free since 1835, adding:<\/p>\n

Andrew Jackson was the only US president ever \u201cto pay off the national debt completely.\u201d<\/p>\n

He believed that debtors are enslaved to creditors, that independence depends on being debt-free, that indebtedness is a \u201cmoral failing.\u201d<\/p>\n

Debt-free USA lasted around a year.<\/p>\n

Indebtedness has been the American way since then \u2014 especially since pre-Christmas 1913 after Congress passed the infamous Federal Reserve Act \u2014 what most House and Senate members hadn\u2019t read and wouldn\u2019t have understood if went through it line by line.<\/p>\n

Signed into law by Woodrow Wilson, it handed money-creation power to Wall Street in breach of the Constitution\u2019s Article I, Section 8.<\/p>\n

It affords Congress sole power to coin (create) money and regulate the value thereof.\u201d<\/p>\n

In 1935, the Supreme Court ruled that Congress can\u2019t constitutionally delegate its authority to another body or group.<\/p>\n

Yet it happened and remains hard-wired US policy.<\/p>\n

Congress and former law professor Wilson defrauded the public.<\/p>\n

Knowing full well what he did when too late to matter, he admitted the following:<\/p>\n

Control of the nation is \u201cin the hands of a few men.\u201d<\/p>\n

\u201cWe have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world.\u201d<\/p>\n

The US is \u201cno longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.\u201d<\/p>\n

Calling it a \u201chydra-headed monster (run by) vipers and thieves,\u201d Jackson shut down the Second Bank of the United States \u2014 the Fed equivalent of its time.<\/p>\n

Before his tenure, James Madison knew about the dangers of putting money power in private hands, saying:<\/p>\n

History records that Money Changers used every form of abuse, intrigue, deceit and violent means possible to maintain their control over governments by controlling money and its issuance.\u201d<\/p>\n

Jefferson agreed, saying:<\/p>\n

\u201cI sincerely believe that banking institutions are more dangerous to our liberties than standing armies.\u201d<\/p>\n

\u201cAlready they have raised up a money aristocracy that has set the government at defiance.\u201d<\/p>\n

\u201cThe issuing power should be taken from the banks and restored to the people to whom it properly belongs.\u201d<\/p>\n

Lincoln said he had \u201ctwo great enemies, the Southern Army in front of me and bankers in the rear.\u201d<\/p>\n

\u201cOf the two, the one at the rear is my greatest foe.\u201d<\/p>\n

Washington in cahoots with Wall Street transfers wealth from Main Street to privileged interests, especially in recent decades.<\/p>\n

In his book titled, \u201cTragedy and Hope,\u201d historian Carroll Quigley explained:<\/p>\n

\u201c(T)he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.\u201d<\/p>\n

According to house of Rothschild founder Amschel Rothschild:<\/p>\n

\u201cPermit me to issue and control the money of a nation, and I care not who makes its laws.\u201d<\/p>\n

Former Bank of England director Josiah Stamp said:<\/p>\n

\u201cBanking was conceived in iniquity and was born in sin. The bankers own the earth.\u201d<\/p>\n

\u201cTake it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again.\u201d<\/p>\n

\u201cHowever, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in.\u201d<\/p>\n

\u201cBut, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.\u201d<\/p>\n

The Fed is dominant Wall Street bankers by another name.<\/p>\n

It\u2019s not federal and has no reserves.<\/p>\n

Over a century of money power in private hands lurched the nation from one crisis to another.<\/p>\n

When the current one runs its course \u2014 what\u2019s unlikely to be short-term \u2014 it may turn out to be the mother of all financial crises in US history because of unchecked money printing madness for years.<\/p>\n

Giambruno explained that after Jackson shut down the Second Bank of the United States, central banking became so publicly unpopular that \u201cadvocates (needed) a new branding strategy.\u201d<\/p>\n

Instead of calling a \u201cnew central bank the Third Bank of the United States,\u201d they renamed the power of money in private hands \u201cthe Federal Reserve.\u201d<\/p>\n

Most Americans have no idea how it operates, no idea that it\u2019s been responsible for economic and financial instability, for wrecking economies for profit, for financing perpetual wars, rising consumer debt, along with record budget and trade deficits.<\/p>\n

It let the US national debt spiral out-of-control and created an unparalleled wealth gap between privileged interests and ordinary Americans.<\/p>\n

As long as private interests control the nation\u2019s money, debt entrapment continues \u2013 along with booms, busts, inflation, deflation, instability and crises.<\/p>\n

The 1913 Revenue Act reestablished a federal income tax so the public would pay interest to bankers on the nation\u2019s debt.<\/p>\n

No Jeffersons or Jacksons are around today to call for returning money power to public hands where it belongs.<\/p>\n

In private hands, US national debt spiraled out-of-control to over $30 trillion.<\/p>\n

Giambruno explained that earnings at a rate of \u201c$1 per second\u2026would (require) 950,640 years to pay off the current US federal debt\u201d \u2014 at its current level.<\/p>\n

It\u2019s not static or declining.<\/p>\n

Just the opposite.<\/p>\n

It continues to rise exponentially every day.<\/p>\n

Its enormity inflicts a crushing burden on ordinary Americans \u2014 \u201cturn(ing) them into indentured serfs,\u201d Giambruno explained, adding:<\/p>\n

The US ruling class \u201cis approaching the financial endgame and can no longer disguise its bankruptcy.\u201d<\/p>\n

Fed money printing madness won\u2019t cease.<\/p>\n

He and others believe that what\u2019s happening today is prelude for much worse times ahead for most people.<\/p>\n

Perhaps dominant US dark forces will shift public attention from economic hard times to waging global war.<\/p>\n

Trends analyst Gerald Celente believes things \u201care headed for an economic calamity the likes of which we have never seen in our lifetime,\u201d adding:<\/p>\n

\u201cWe are headed to World War III.\u201d<\/p>\n

The Biden regime and most congressional members want US preeminence maintained by taking down Russia and China.<\/p>\n

Without groundswell support for peace, \u201cwe are all going to die in war,\u201d Celente warned.<\/p>\n

___
\nhttps:\/\/stephenlendman.org\/2022\/06\/14\/a-hydra-headed-monster\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Hydra-Headed Monster<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-120770","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/120770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120770"}],"version-history":[{"count":0,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/120770\/revisions"}],"wp:attachment":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120770"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}