If the American people ever allow private banks to control the issue of
their currency, first by inflation, then by deflation, the banks and corporations
that will grow up around them will deprive the people of all property until
their children wake up homeless on the continent their Fathers conquered…I
believe that banking institutions are more dangerous to our liberties than
standing armies…The issuing power should be taken from the banks and restored
to the people, to whom it properly belongs.
- Thomas Jefferson, 1802
A private (central) bank does control the issue of U.S. currency:
the Federal Reserve, as is the case with most of the nations of the world.
These bankers do conspire to “first inflate” and “then deflate.” This
is what regular readers know as our bubble-and-crash
cycles , which now seem to occur in more-or-less fixed eight-year
intervals.
The people are relentlessly being deprived of all property. The
Middle Class is nearly
extinct , having devolved into the Working Poor. Our children are
literally “waking up homeless,” with millions of Homeless People now
struggling to survive across North America.
Should we regard Thomas Jefferson as a prophet, or simply as a sober
individual engaging in logical extrapolation? History strongly suggests the
latter interpretation, via a “warning” of an entirely different nature.
Give me control of a nation’s money, and I care not who makes its laws.
- Mayer Amschel Rothschild (1744 – 1812)
That is what the Rothschild patriarch boasted, but this is not what he
really meant. Give me control of a nation’s money, and I make its
laws. Control the purse strings of any government and you control the
government.
Mayer Rothschild was a contemporary of Thomas Jefferson, and Jefferson was
a scholar. He knew what this oligarch meant with his boast. He then took that
boast and expanded it into the true horror that it represented.
Central banks exist to steal. Indeed, they have a literal “license to
steal” via the power of the printing press. In this area, too, we have a
famous source to offer us guidance.
In the absence of the gold standard, there is no way to protect savings
from confiscation through inflation.
- Alan
Greenspan , 1966
Central banks create inflation; it is virtually their sole
function. The central bankers constantly whine that “inflation
is too low,” i.e., they aren’t confiscating our savings (stealing our
wealth) as fast as they would like. But first they instruct our subservient
governments to lie about the rate
of inflation so that the People are unaware of the rate at which their
wealth is being stolen.
Central bankers steal out of the pockets of the people and funnel that
stolen wealth into the vaults of the oligarchs who control these presses –
oligarchs like the
Rothschilds . In the approximate 100 years since the Federal Reserve was
entrusted with managing and “protecting” the U.S. dollar, it has lost roughly
99% of its value through the Fed’s manufactured “inflation.”
This still needs to be translated for the benefit of some readers. In the
century in which the Federal Reserve has controlled the U.S. printing press, 99%
of all the wealth stored in the U.S. dollar has been stolen from the People and
handed to the oligarchs, a financial crime syndicate which readers know as the
One Bank .
Adding literal injury to insult, the oligarchs conned (commanded?) our
puppet governments to borrow our own currencies from these corrupt
central banks. Thus, while all the wealth of the People was being stolen via
the paper fraud of central banks, our governments, and thus the People as
well, have simultaneously been enslaved
with debt .
With one hand, the central banks (and central bankers) steal all our
wealth. With their other hand, they attach shackles of debt around our
throats, all on behalf of their Masters. These central bankers are guilty of
the worst economic crimes against humanity, except for the deeds of the
banking oligarchs themselves.
Recently, the four worst Criminals were all trotted out on a single stage:
Paul Volcker, Alan Greenspan, B.S. Bernanke, and Janet Yellen. Greenspan’s
and Bernanke’s crimes are obvious. They are the Great Inflators. Undoubtedly,
there will be many readers confused as to why Paul Volcker is listed as one
of “the four worst Criminals.”
Incredibly, Paul Volcker’s crimes against humanity remain buried beneath
ultra-thick layers of propaganda. It is Paul Volcker who now claims personal
credit for the assassination of the gold standard. Without that dirty
deed, the crimes of the Great Inflators would never have been possible. We
know this because another of history’s Great Inflators (and charlatans), John
Maynard Keynes, lamented that a gold standard is “the
Golden Handcuffs” that prevent central bankers from such crimes of
inflation.
Paul Volcker is the (modern) Father of Inflation. Even more incredibly,
the central banker who gave birth to inflation is actually lionized by the
media for his second crime against humanity: enslaving the Western
world in debt. It is Paul Volcker who, at the orders of his true Masters,
brought us 20% interest rates. Here readers need to fully comprehend the
level of perversity in our Revisionist history.
Volcker is the Father of Inflation. Yet in our pseudo-history books, he’s
labeled as the Knight That Slayed Inflation – permanently. He is
(incorrectly) credited as having slain the dragon to which he gave birth.
Even more absurd, the idea that inflation could be vanquished for any
extended period of time, via Volcker’s usurious interest rates, is just more
Revisionist nonsense.
Inflation is an inherent, inevitable trait of every fiat-currency printing
press. It breeds inflation. The act of printing (unbacked) paper
currency is the literal act of inflation: inflating the money supply.
It was never possible that Volcker’s usurious interest rate could vanquish
inflation, but it did create something else: Debt Slavery. That crime against
humanity has now nearly run its course, as most Western regimes are teetering
on outright
bankruptcy .
Understanding this second crime against humanity requires nothing more
than the capacity to operate a calculator and an understanding of the concept
of “compound interest.” To enslave the Western world in debt, it wasn’t
necessary to impose Volcker’s usurious interest rate permanently, or even for
a long period of time. It only needed to be imposed once for a significant
interval, and then the magic of compound interest did the rest.
How did Ronald Reagan manage to triple the U.S. national debt in a mere eight
years? He had help: Paul Volcker. How did Brian Mulroney manage to triple
Canada’s national debt in a mere eight years (at roughly the same time)? He
had help: Paul Volcker.
As Keynes also points out, the Golden Handcuffs also make the crime
against humanity of Debt Slavery impossible, since a gold
standard is a balance of payments system. Volcker’s first “love child”
was inflation. His second was Debt Slavery. Arguably, Volcker is the worst of
these Criminals.
Many readers will similarly wonder at Janet Yellen being included as one
of the Horsemen. Volcker’s crimes have been described. Greenspan and
Bernanke, as “the Great Inflators”, are also the Great Thieves – as explained
by Greenspan himself.
Volcker, Greenspan, and Bernanke were the assassins who destroyed and
looted the U.S. economy and most of the Western world along with it. Yellen
is merely a pallbearer of the corpse. But Yellen’s crime is as the ultimate
Silent Partner.
Volcker, Greenspan, and Bernanke navigated the U.S. Titanic to the point
where a massive iceberg now looms directly ahead. But Yellen is the skipper
commanding the U.S. economy to “stay the course.” It’s too late to avoid the
iceberg created by Volcker, Greenspan and Bernanke. But if Yellen was warning
of the danger directly ahead – instead of hiding it – there would be far more
survivors once the Titanic sinks.
This brings us to the event itself. Why collect the Western world’s four
worst economic criminals and four most heinous Liars and then put them on a
single stage? Why else: to lie
about the present .
One point they all agreed on: The U.S. isn’t in a bubble economy,
despite dire warnings from presidential candidates and some pundits.
Put aside the fact that the mainstream propaganda machine is demonstrating
the literacy skills of a 12-year-old, and focus instead on the absurdity of
this message. Anyone who simply looks at a long-term
chart of the S&P 500 or a long-term
chart of the U.S. Treasuries market will see that both of those markets
have already passed into extreme bubble territory.
The S&P 500 hasn’t merely equalled the insanity of the dot-com
bubble and the Crash of ’08 bubble, it has soared well above those previous
bubbles. The U.S. Treasuries market represents a bubble market which has been
soaring higher, uninterrupted, for 35 years. These bubbles are more
than merely obvious, they are absolutely undeniable.
Even more perversely, Alan Greenspan was the architect of the dot-com
bubble (while pretending it didn’t exist, at the time). Bernanke is the
architect of both the 2008 equities bubble and the current equities bubble –
while pretending that neither of those bubbles existed. These are the two
Liars who literally have less credibility than anyone else on the planet when
it comes to identifying bubbles.
But why not trot them all out on stage? With a docile propaganda machine
which never utters a contrary word when a Fed-head speaks, there was never a
possibility that the Four Horsemen would be called to account for their
crimes, or to have their bald-faced lies contradicted by the facts.
Together, the tenures of the four participants cover more than
one-third of the Fed’s 102-year history.
In a sane, legitimate society, that would have been the first line of the
indictment of the Four Horsemen for their collective crimes against humanity.
Instead, the Corporate media intended it as praise. More perverse still was
the headline
which accompanied that propaganda:
4 Fed Leaders Under The Microscope
Yes. A microscope with no lenses.
Pestilence. War. Famine. Death. One could give these Four Horsemen any
cute nicknames that they desire. But what the four Fed-heads all have in
common is that they are destroyers. Just like all of the West’s other
central bankers.
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Jeff Nielson is co-founder and managing partner of Bullion Bulls
Canada; a website which provides precious metals commentary, economic
analysis, and mining information to readers/investors. Jeff originally came
to the precious metals sector as an investor around the middle of last
decade, but soon decided this was where he wanted to make the focus of his
career. His website is www.bullionbullscanada.com.
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The views and opinions expressed in this material are those of the author
as of the publication date, are subject to change and may not necessarily
reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the
accuracy, completeness, timeliness and reliability of the information or any
results from its use.