Financially the Great Divide

The Federal Reserve

Rift Maker
Rift Maker | Source

The Rift is Growing

Currently half of the World’s wealth is owned by just 2% of the population.

In the United States 90% of the wealth is owned by just 1% of the population.

This means that no matter what the media says, the situation is getting worse and the United States is leading the way.

Why don’t the media report the facts?

Perhaps they are part of the problem. In the last 25 years the US media has gone from having 50 owners to today, just 5.

This disparity in wealth has sharply increased since the Federal Reserve Act that was signed on 23 December 1912.

This act was conceived by a meeting of the wealthy, the Rockefellers, the Rothschild’s, the Morgan’s and other prominent bankers, at a secret meeting on Jekyll Island in 1910. It was at this meeting that the draft for the legislation for the Federal Reserve was created.

In reality, the Federal Reserve does not help the citizens: it protects the wealth of the rich.

Jekyll Island

Georgia
Georgia | Source

Depression

Another fact that is poorly portrayed by the media is that a depression does not hurt all. In fact a depression assists the rich, so much so that they often cause it.

In 1929, the elite bankers pulled their funds from the stock market. This led to the “crash” that caused the great depression. After the “crash” the elite bought back stock at rock bottom prices, thereby greatly increasing their wealth.

Basically the Federal Reserve is a fractional reserve, meaning that the banks can now loan out 10 times the amount that they actually hold in their vaults. They earn interest on this imaginary money.

Is it mere coincidence that to ensure a regular income from the citizenry, that in 1913, after the Federal Reserve Act was passed, the Inland Revenue Service was formed and the 16th Amendment gave Congress the authority to enact Income Tax?

According to the Bureau of Labor Statistics Consumer Price Index, in 1913 $1 was equivalent in 2011 to $22.92. Meaning the purchasing power of the dollar has dropped by 95.6%. Wasn’t it this that we were told that the Federal Reserve would stop?

Bailout

So, even with the chips stacked in favor of the big banks, they still managed to screw up, resulting in them asking the Government for a “bailout”.

Everybody now knows that in 2008 the Government did give the banks a bailout, the only question is though: Why?

Even though all the media were obviously in favor of a bailout and they tried tirelessly and endlessly, trying to get the people to agree to one, a poll at the time showed that 55% of Americans were against the banks receiving a bailout. Yet they did.

The Federal Reserve is not Government owned, it is owned by the big private bankers.

If a private firm messes up, then it is not the business of the Government to bail them out with public money, after all, if the business does good it complains about paying any taxes. Why do these rules not apply to the big banks?

Obviously the politicians have now become no more than a tool for the wealthy. Today a politician is driven by the almighty dollar and not the will of the people.

This means that, as 1% own 90% of the wealth, then that 1% also receives 90% of the politician’s attention.

Whatever happened to democracy?

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ib radmasters profile image

ib radmasters 4 years ago from Southern California

The root cause of this problem is the Income Tax System and the Internal Revenue Code.

Ninety Nine percent of this code shelters the wealth of the rich.

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