- Politics and Social Issues
Here’s Why The Federal Reserve Disables Its YouTube Comments
When Americans first find out about the Federal Reserve their jaw drops, You mean the government can just get the Federal Reserve to print money out of thin air? Increasing the national debt, creating mass inflation and economic recessions while also prolonging war?At which point many start feeling alarmed or resentful of their unknowing, others who refuse to accept truth will continue to drink the kool-aid, accusing you of exaggerating our monetary system or even equating your explanation of the Federal Reserve to crazy conspiracy theories; being the biggest scam in the world, It’s no surprise that mainstream media goes out of their way to help perpetuate this notion, having stations such as CNN falsely paint those opposed to the Federal Reserve as far-right extremist.
Casually asking bank tellers at my bank what they thought about the Federal Reserve, their biggest client and also most crooked cartel in the country, most would just stare at me with a blank expression and fake smile, “Yeah, the banking system, I don’t really know all the details though” one even acted as if he did but dismissed it as silly conspiracy mumbo-jumbo, “I don’t really follow Alex Jones and his conspiracy theories.”
The fact that only one million Americans know how our monetary system works goes to show that most won’t have a real grasp of how the Federal Reserve functions, clueless of its economic consequences. Stefan Molyneux is right, if all Americans truly knew about the Federal Reserve there would be a revolution the following day. In a way, this unknowing is deliberate; after explaining the Federal Reserve, the documentary The Biggest Scam in The History of Mankind – Who Owns The Federal Reserve? Reassures us, “don’t be alarmed if you don’t quite comprehend the deception of this system at first glance, very few people do, it is purposely complex.”
The title of the documentary also says a lot, there’s no denying that it is one of the biggest scams in the world, a system inevitably destined to fall, only meant to help the elite bankers and puppet big government politicians; thus, it’s no coincidence that Americans have absolutely no idea what the Federal Reserve does, the documentary Fiat Empire highlights this when asking random people on the streets where congress gets its money, most are clueless while others think they know, the average response is "the people of course?" Evidently, “the people” have no idea that their money is printed out of thin air by a cartel of unaccountable, unelected crooks, thus its disastrous economic consequences continues to go unnoticed, instead economic bubbles and busts are blamed on taxes being too low.
Nonetheless, the guy that works at my bank is right, this did start as conspiracy, just as most scams start of as, and being the biggest one in the world, it had to be one of the most secretive. The richest billionaires in the world – the The Morgans, the Rockefellers, the Warbergs, the Rothchilds would secretly gather at the dawn of night and conspire to endlessly and overtly rob every American of their future savings, a scam that would contribute to the U.S.’s involvement in World War 1 and the biggest economic recession - the Great Depression, with many other later wars and recessions to follow. By having the ability to put all government spending on credit, “a cocaine type stimulus trend” began to grow within the government, and worse of all, with the ability to legally print money for their violent addiction to power, without ever having to worry about paying it back, the addition never stops, it might go through overdoses at times i.e. economic recessions, yet its quickly revitalized by getting hidden bailouts which they know they will receive from their buddies in the Federal Reserve. There’s no denying it, banks have become too-big to fail, continuously destroying our savings, without ever having to worry themselves.
It all started on November 1910, the richest men in the world, mostly bankers, met of the coast of Georgia on an island named Jekyll Island, they drew up a bill which would give them greater control over the monetary system, creating their own institution that would legally give them the power to create currency out of thin air, to lend to commercial banks, however, since the Federal Reserve has no money stored up, it’s simply loaning fraudulent currency; yet at the time, to the public it was marketed as a central banking system that would “protect” their savings, and being a private institution, they had to name it the FEDERAL Reserve in order to mask the fact that a private-bought-out entity would run our money supply, thus we can never know who the stock holders of the Federal Reserve are, there’s no way of knowing who owns the Federal Reserve, yet most could guess right, yup! The bankers of course, they have always been the biggest beneficiaries of the Federal Reserve.
Any time societal collapses occur, small or big, government always seem to take advantage and intervene, gaining more power while also legitimizing their unconstitutional intervention to the public. The Federal Reserve act was passed as a response to the minor Wall Street financial crises – the Panic of 1907; in order to prevent any possible future recessions, the bill sought to stabilize prices and moderate long-term interest rates, the public was assured that it would contain future systemic risk that may arise, however it only did the opposite by hurting their savings and bolstering economic recessions.
Big banks are the only beneficiaries of the Federal Reserve, by buying government bonds and receiving extraordinary amounts fabricated currency from the Federal Reserve, the banks reap the rewards of profit first, lending a lot of currency out at a really low interest (more loans = more profit) evidently this creates inflation down the road, with so much fabricated currency being poured in into the system, the value of the dollar decreases, thus businesses have to raise their prices, as a consequence many lose profits, lowering the opportunities of expanding their businesses and hiring more employees.
To many it can be quite frightening to comprehend at first, but it’s true, the Federal Reserve is merely a ploy to enslave a nation with debt, it’s no wonder we have the largest debt in the world; John Adams said it best, “There are two ways to conquer and enslave a nation. One is by sword. The other is by debt.” When politicians make decisions on what “the country wants to spend on,” bonds are created which the Treasury then sells to commercial banks, thereafter the banks go to the Federal Reserve and sell our national debt at a profit, they receive money for the bonds, yet the money is simply a check, and as previously mentioned, the Federal Reserve has no actual money saved up, however, the Federal Reserve act allows them to give the banks a fraudulent check in exchange, thus currency magically springs into existence, leaving the debt to future generations; in other words early recipients – the banks who lend out the money, reap the benefits at the expense of the poor/middle-class and future generations; the processes repeats never-endingly, this is why over 90 percent of all currency in existence is created not by government but in the banking system.
The illusion of having so much currency printed might seem good for the economy at first, to those who don’t consider inflation, yet for those who do, its quite clear, the only beneficiaries to the system are the elite, enriching commercial bankers and big government politicians. Money is always devalued hence prices have to rise to accommodate, and because our currency isn’t backed up by anything intrinsic since President Nixon announced the Nixon Shocks in 1971, the direct international convertibility of U.S. dollars to gold was canceled, ending the gold standard and officially turning to fiat currency, and as all economist know, fiat currency is worthless, extremely prone to inflation. Our money is consistently devalued, deeply hurting our economy; since 1913 the dollar has lost over 95 percent of its value. Prices for basic goods keep rising – water, vegetables, fruits, etc. hurting the lower class the most, those who can barely afford it; the list shows how grocery store items have increased between 2002 and 2012.
The economy is never able to reach its full potential; the commercial banks keep a close tie with the Federal Reserve, with the banks cashing in on so much money, they’re able to push for low interest rates, in order to encourage more loans so they can get richer. Inflation is simply inescapable, it goes up and at the same time whatever your getting paid for putting your money in a savings bonds goes down (inflation is a tax, so the Fed penalizes those who save up) in other words by having the government push for low interest rates, people stop saving and start spending, this could be good for a business at first, but down the road their revenue could streamline as consumers face booms and bust; during a bust inflation rises, purchasing power of money declines, and thus society stops spending it as they were before; simply put, the Federal Reserve hinders investments.
The consequence of inflation hurts the lower-middle class the most, they’re the ones that take out the loans, not the rich. When Americans take out loans from the banks, for say starting a businesses or paying for college, or simply getting a credit cards, the money is borrowed at an interest, the customer has to pay the bank more in the future for loaning out the money, yet due to the Federal Reserve, the economy is constantly and abruptly changing from constant inflation, whats known as booms and busts; the borrower could take money out when the economy is doing very well having low interest rate but months later the economy could plummet and their savings or future investments may be hindered, investors could also make a risky investment during low interest and later see their profits decline, many businesses could simply be looking at a destined collapse.
And to make matter worse, the money which Americans store in their bank is never actually stored, banks can legally use your money to gamble in the stock market and loan it to others at a profit, creating more revenue for themselves and more money which comes from nothing, consistently devaluing the currency, putting people deeper in debt while also putting your savings at risk, the processes is called fractional reserve banking.
In summary, the Federal Reserve, the Nixon shock – (canceling the direct international convertibility of U.S. dollars to gold), and fractional reserve banking has all ensured that a cartel is preserved over the monetary system; everyone is a participant or victim of the system, the top elite – bankers, politicians, traders, hedge funds profit at the expense of the rest – the workers and entrepreneurs.
Currently, the U.S. federal government debt is estimated at $20.1 trillion, thus a percentage of our taxes are always spent on lowering some of this debt, a debt which we trail by decades, therefore we pay for what previous generations have used before us, and what we use now, we leave the burden on for the future generations, for many this means our future children or grandchildren. Indefinitely, the budget deficit keeps increasing, with no way of ever catching up and becoming debt free. All of the government’s spending is paid for through I.O.U.’s, bonds which simply give the country credit, billions of dollars per month spent on government programs, (mostly on the military and social programs) thus the national debt increases never-endingly, waiting for economic collapses, since there is no way we can ever paying back all our debts, we are forever enslaved by debt with no way of ever paying it off.
Yet most importantly, this is all unconstitutional. The founding fathers were well aware of the dangers of fiat currency, the power to create a central bank is not explicitly granted to the Federal government in the constitution, the treasury is suppose to create our money but now the Federal Reserve controls the printing of our money, they print the money and then they loan it to the government at an interest, and then the government taxes us to pay for it. Our first president laid out clear warnings, “no generation has the right to contact debts greater than can be paid off during the course of its own existence.”
There are 12 Federal Reserve districts across the country; the Federal Reserve in Washington D.C. is located on CONSTITUTION Ave while the New York Federal Reserve is located on LIBERTY Street, the irony is so blatant yet it continues to exist.
Due to it being the greatest scam on earth, it’s not a surprise that they censor their comments on their YouTube videos, playing happy calm music in the background while high school students explain the deceitful government explanation of the Federal Reserve.
To put it bluntly, our monetary system is a pyramid scheme. I'll leave it to Dr. Ron Paul to further expose these crooks.