Found on my blog: http://thehardrightedge.com/furtherquestions/
The Debt Ceiling has been raised 9 times in the last 10 years, increasing over 150% in nominal value (non-inflation adjusted) with no end in sight. Since 1971, when the US officially renounced the Gold Standard, it has mattered not if the President/Congress is Republican nor Democrat, as both parties and their members are obsessed with the their own bureaucratic short-term solutions instead of long-run cures; unfortunately long run cures have been labeled as politically unpopular and/or economic nonsense, when nothing could be further from the truth.
The question is not which individual politicians are intentionally or unintentionally indenturing the average American into servitude by debt, rather why the net benefactor is often none other than the The Private Bank of the Federal Reserve and its Western Banking Cartel affiliates/sister branches.
Every Federal Reserve Note (digitally or physical paper currency) is a loan from the private "reserves" of the "Federal" Reserve (There is nothing Federal about this private bank, why the misleading name if there is nothing to hide?). It seems against all common logic, but in a nutshell, the Federal Reserve seems to be nothing more than a giant banking middle man that profits from issuing/regulating its own private currency to nations instead of individuals. The more loans the Federal Reserve makes, the more the Federal Reserve profits from the interest owed on the issued debt, consequentially enabling large amounts of economic power creation for its own interests and its private shareholders (You may recognize a few of these names from your history books and America's favorite "Too Big to Fail" Banks).
Ben Bernanke himself recently admitted in an economic hearing that the Federal Reserve was a "Profit Center." (Source Here)
Rep. Ron Paul, Republican for Texas, asked Bernanke why a capital injection of more than $5 trillion “hasn’t done much” to help the consumer, who makes up about two-thirds of GDP in the U.S., and prop up the economy, while it helped boost corporate profits. “You could’ve given $17,000 to each citizen,” Ron Paul claimed.
Bernanke, clearly on the defensive, told Rep. Ron Paul that his institution hadn’t spent a single dollar, rather, the Fed has been a “profit center” according to the Chairman, returning profits to the federal government. As Bernanke began to sermon Rep. Paul on the history of the Fed (“we are here to provide liquidity [in abnormal situations],” the Chairman said), he was interrupted.
A fundamental recap of how this wacky, illogical, and dangerous ponzi scheme known as currency creation can be well explained by Mike Maloney.
(Please Skip to 7:30 for direct access to currency creation education).
The Diagram to understand how currency is created (taken from the video above).
Why would the Federal Reserve keep lending its private bank notes (aka "The US Dollar") to the United States so irresponsibly and carelessly; surely knowing that the path of increasing spending and debt will inevitably lead to currency/economic default? Why is this "independent" bank willing to endlessly finance its primary customer, the US Government, enabling the illusion of false promises made by the government in creating an obscene amount of future obligations in which can never be funded? Why is there little to no talk about currency reform for this failed experiment on a public stage, instead only extensive public relations campaigns to convince the world that the Federal Reserve Note still holds legitimacy as the world reserve currency. Why is the chairman of the Federal Reserve a private position elected within the Federal Reserve system instead of someone/something accountable to American Public? And why does Ben Bernanke still have a job after completely misleading the American Public in his short tenure as chairman?
Could all these questions be answered if one takes the stance that the Federal Reserve does not have the best interests of the American citizen at heart? Is it not worth at least consideration... As it would certainly make sense, especially considering that the issue of central banking dominated the philosophical debate in the age of the American Founders. Those who came before us set the framework for the liberties enjoyed today, so it leads us to look at what they once said when striving for liberty.
I believe that banking institutions are more dangerous to our liberties than standing armies. 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 [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
And this quote which raises questions about America's War on Terror and the subsequent rights seized upon while the nation was in a state of fear.
If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy. Of all the enemies to public liberty, war is perhaps the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes; and armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few. The loss of liberty at home is to be charged to the provisions against danger, real or imagined, from abroad.
— James Madison
American Politics has been corrupted and is silently transforming into an ever-encroaching tyranny; The tyranny manifests itself through innocent people taught in the ways of greed, self-interests, self-ego, and utter ignorance, but is only empowered through the lack of understanding of how it all works. While it is true that Americans still possess many freedoms today, these freedoms are an anomaly in near 10,000 years of human civilization, and are rapidly slipping in sacrifice for perceived security. Constant vigilance is required to protect what America has once achieved, not blind patriotism. I was told when I was young that government officials are a representation of the people, instead all I see is a bunch of ego-maniac adults steering the ship into troubled waters, with glimpses of sanity and truth from value-driven individuals.
“Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened.” -- Ron Paul
There is so much to be looked into, and few seem to notice. The very fact that there is so much resistance/ignorance in pursuing an education on this topic only leads to further questions and a stronger doubt of the legitamcy of the Federal Reserve's monetary practices.
If there is corruption at the root of the financial system, then the system itself will become corrupt...
What if none of the things described are true and are found to be fallacies? Nothing....
What if we continue to ignore the possibilities of such situations/scenarios and they turn out to have truth within them? Nothing good....
Sing it Michael
Respectfully, Inquiringly, and Humbly,