FIAT CURRENCIES

O’Kelly was appointed Minister of Finance in 1939. He secured the passing of The Central Bank Act in 1942. On 17 July 1942 at the fifth and final stage of the Dail debate on the “Central Banking Bill”, he argued that the owner of the credit issued by the Central Bank of Ireland, should be the private property of the joint stock banker and not the property of the people of Ireland. This debate was carried out when only five Deputies were present in the Dáil.

Since Americans increasingly realize that the solution to their economic problems is to dump the privately owned Federal Reserve, the Fed will start monitoring Americans directly.

State Delegate Bob Marshall said "A flagpole in front of a federal building is not a commercial or political message board...What does flying the homosexual flag, or any other similar display, have to do with your central banking mission under the Federal Reserve Act passed by Congress?"

The accomplishments of the Rothschild's and fellow banksters is nothing short of astonishing.  They have literally got the world to hand them the right to manufacture money out of nothing and then to turn around and lend the mammon back to the world plus usurious interest!  Almost single handedly, this small group of men have dominated the world.  However, in their efforts to dominate the world they have caused extraordinary pain and agony and even potentially the complete destruction of life on earth.

Webpage discovered by Rockclimber!

To understand the historical context of the current crisis, it is pivotal to address the nature of the most vital and powerful force within the capitalist global political economy: the central banking system. One of the least understood, most widely ignored, and mysteries of capitalism, the central banking system, is also the source of the greatest wealth and power, essentially managing capitalism – controlling the credit and debt of both government and industry.

Believe it or not the euro zone and European Union crisis is still in the formative stages. 

I want anyone who’s got a joke on the tip of their tongue about ‘monopoly money’ to put it out of their mind. Printing your own local community currency is a perfectly legitimate thing to do—you can’t make your own local coins but bills are legal, at least in the US—and can be a great way to encourage shopping at local businesses. It doesn’t replace federal printed currency, but augments it by getting people to make the practical and symbolic gesture of supporting local businesses before national chains.

Think it’s tough to get started, to convince businesses to accept the currency and for people to attach value to it, you may be right. But here are a few examples of places which have taken their local monetary system into their own hands:

Now, Mr. Chairman, let us look at the bill to see if the legal hirelings of the Bank of England and their agents, the Federal Reserve Board and the Federal Reserve banks, have been able to disguise its purpose. Let us see if they were able to clothe the grisly skeleton of their greed with echoes of glib religiosity, according to the fashion set by the present administration...

The Federal Reserve Board and the Federal Reserve banks are private corporations, but they did not surrender any gold coin, gold certificates, or gold bullion. On the contrary, the gold which was commandeered from the people was given to them as a free gift... Is not this gift of over $1,000,000,000 in gold a great treasure to bestow upon the Federal Reserve Board and the Federal Reserve banks--the corrupt and sinister organization which has bankrupted the country?

www.iamthewitness.com has these fine books by Eustace Mullins available for downloading. Recently http://yamaguchy.netfirms.com/ closed down and a valuable collection has disappeared.  Given the uncertainty of the times, please save anything which strikes your fancy. Don't forget www.jrbooksonline.com.

You'll notice the growing collection of audio versions. 

On February 12th, NIA released an article entitled, "Greece Distracting from Real Debt Crisis in U.S." in which we said, "We hope that Greece doesn't get bailed out, because a bailout would cause foreign investors to become more irresponsible than ever and create even greater moral hazards. Unfortunately, not only is it likely that Greece will get bailed out, it's possible our own Federal Reserve will get involved. The U.S. Federal Reserve has the ability to make loans to foreign central banks without disclosure to the U.S. public.

Bailouts, stimulus packages, debt piled upon debt, where will it all end?

How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers?

And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt!

Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT...and how we might evolve beyond it into a new era.

Assessing the Illusion of Recovery

by Andrew Gavin Marshall

Global Research, February 22, 2010

Understanding the Nature of the Global Economic Crisis