Part 2 of 10 : Banking/Finance
The United States owes 26 trillion dollars to a group of unnamed shareholders — and is paying back that money, with interest. In 1913 we had no national debt and no income tax.
Thomas Jefferson said, “Central banks are more dangerous than standing armies”.
Woodrow Wilson was the president used to push through the “Federal Reserve Act” in 1913. The wealthy “banking interests” financed his campaign. He famously wrote later,
“I am a most unhappy man. I have unwittingly ruined by country. A great industrial nation is controlled by its system of credit…. all of our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world — no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the the opinion and duress of a small group of dominant men.”
Central Banks are not owned by the countries the create money for. They are a group of private, unnamed shareholders. If that sounds like a shady criminal enterprise — it is. Although there is nothing officially “illegal”, about this arrangement, these banks are generally created in secret, and brought in to being through bribery, manipulation, and deception.
If you dive into the financial system of central banking, the federal reserve, and the BIS (Bank of International Settlements), we find a very concerning system that is bankrupting nearly every developed nation on the planet. Do a search for US Debt Clock, UK Debt Clock, France Debt Clock and Germany Debt Clock if you aren’t familiar with global finance. Why did Thomas Jefferson say “Central banks are more dangerous than standing armies?” Because clearly, they are.
Why wouldn’t the United States just print its own money for little or no interest?
If you find the answer to that question, please let me know. I cannot think of any good reason to let a shady group of bankers/financiers “loan” us money.
This “central bank scheme” is nothing new. The quote from Jefferson is 200 years old but the concept goes back further, and many books have been written about the subject.
Current national debt: United States— $27 Trillion
Current national debt: UK — $2.4 trillion
Current national debt: France — $2.7 trillion US dollars
Current national dept: Japan — $9.5 trillion US dollars
Current national dept: Germany — $2.4 trillion US dollars
Current national dept: China — $5.1 trillion US dollars
Current national dept: Canada — $908 billion US dollars
