THE GOOD, THE BAD AND THE UGLY – PART THREE

94 comments

Posted on 29th September 2012 by Administrator in Economy |Politics |Social Issues

, , , , , , , , , , , , ,

“You see in this world there’s two kinds of people, my friend. Those with loaded guns, and those who dig. You dig.” -  Blondie – The Good, the Bad and the Ugly

“There are two kinds of people in the world, my friend. Those who have a rope around their neck and those who have the job of doing the cutting.” – Tuco – The Good, the Bad and the Ugly

The economic peril that we find ourselves confronted with, has been ninety-eight years in the making. The confluence of debt, demographics, delusion, and denial has left the country at the precipice of annihilation. There are two kinds of people in the world, those who control the money and those that are controlled by those who control the money. The last century has been marked by a methodical looting of the good (working middle class) by the bad (Federal Reserve & bankers) and supported by the ugly (Washington D.C. politicians). When historians pinpoint the year in which the Great American Empire began its downward spiral they will conclude that year to be 1913. In this dark year for the Republic, slimy politicians, at the behest of the biggest bankers in the country, created a private central bank that has since controlled the currency of the United States. This same Congress staked their claim as the most damaging group of politicians in US history by passing the personal income tax in the same year. These two acts unleashed the two headed monster of inflation and taxation on the American people.

The government began keeping official track of inflation in 1913, the year the Federal Reserve was created. The CPI on January 1, 1914 was 10.0. The CPI on January 1, 2011 was 220.2. This means that a man’s suit that cost $10 in 1913 would cost $220 today, a 2,172% increase in ninety-eight years. This is a 95.6% loss in purchasing power of the dollar.  The average American does not understand the insidious nature of central bank created inflation. It makes you think you are wealthier while you are driven into abject poverty. The Federal Reserve and politicians have pulled the wool over your eyes. The CPI was 30.9 in 1964. Today, it is 223.5. This means prices have risen 723% since 1964. The only problem is your wages have not risen at the same rate, even using the government manipulated CPI. Using a true CPI figure, average weekly earnings are 64% below what they were in 1964. This explains why a family of five could live well with one parent working in 1964, but even with both parents working and accumulating debt in prodigious amounts, the average family cannot live as well today.

It is not a coincidence that the percentage of the working age population employed bottomed in 1964 at 59%. The participation rate rose steadily for the next thirty six years, topping out in 2000 at 67.1%. The employment to population ratio also bottomed at 55% in 1964. It rose to 64.4% by 2000. It seems that future historians will mark the year 2000 as the peak of the American Empire. Apologists for the Federal Reserve and politicians who have steered this country since 1964 would argue the increase in the percentage of the population working was a positive development. Nothing could be further from the truth.

The American middle class was forced to send both parents into the workforce just to keep up with the ever declining real weekly earnings. The Federal Reserve created inflation has methodically destroyed the American dream for the middle class. As both parents had to go into the workforce, American children were left to fend for themselves or be raised by strangers in daycare centers. The pressure of trying to keep up with inflation strained families to the breaking point. The number of divorces per thousand marriages was 10 in the early 1960s. It more than doubled to 22.6 by 1980 and still resides at 17 today. There are many factors for the disintegration of the traditional family unit, but the financial strain on families to maintain a consistent standard of living due to relentless inflation has been a key factor.

From the founding of our country there had been constant conflict between corrupt bankers trying to control the currency of the nation to further their own enrichment at the expense of the people and a few courageous leaders willing to fight them. The bankers won the century old battle in 1913.

Den of Vipers & Thieves

“I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank…You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, I will rout you out.” - Andrew Jackson

The First Bank of the United States was created in 1791. Alexander Hamilton, the 1st Secretary of the Treasury, proposed this bank and convinced a hesitant President Washington to agree. John Adams and Thomas Jefferson were against the concept. It favored the moneyed classes of the North versus the agrarian South. The bank was given a 20 year charter and President James Madison let it expire in 1811. He understood the true nature of the banking interests:

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance”.

Madison had to renew the charter in 1816 as the War of 1812 resulted in large government debts. Politicians always turn to bankers when funding wars and programs to get them re-elected. As usual, once unshackled, the bankers immediately caused a boom through their loose monetary policies. The Bank created a fake boom by 1818 through its reckless lending, which encouraged speculation in land. This lending allowed almost anyone to borrow money and speculate in land, sometimes doubling or even tripling the prices of land (remind you of another time in recent history?). In the summer of 1818, the national bank managers realized the bank’s massive over-extension, and instituted a policy of contraction and the calling in of loans. This recalling of loans simultaneously curtailed land sales and slowed the U.S. production boom due to the recovery of Europe. The result was the Panic of 1819. There was a wave of bankruptcies, bank failures, and bank runs; prices dropped and wide-scale urban unemployment struck the country. By 1819 many Americans did not have enough money to pay off their property loans. Do you see any difference between 1816 – 1819 and 2005 – 2011? Central banks don’t eliminate financial panics, they cause them. Booms and busts have always existed. They have become more common and extreme since the unleashing of greedy corrupt central bankers in the U.S., going back two centuries.

Andrew “Old Hickory” Jackson became President in 1829 and proceeded to declare war on the Second National Bank. He was the first and only President in U.S. history to pay off the National Debt. He worked tirelessly to rescind the charter of the Second Bank of the United States. His reasons for abolishing the bank were:

  • It concentrated the nation’s financial strength in a single institution.
  • It exposed the government to control by foreign interests.
  • It served mainly to make the rich richer.
  • It exercised too much control over members of Congress.
  • It favored northeastern states over southern and western states.

President Jackson believed that only Congress should be responsible for the issuance and control of the currency. Delegating that duty to powerful New York bankers was distasteful to him:

“If Congress has the right to issue paper money, it was given to them to be used … and not to be delegated to individuals or corporations”

President Jackson vetoed the extension of their bank charter in 1832. He redirected government tax revenue to other state banks.  The Second Bank of the United States was left with little money and, in 1836, its charter expired and it turned into an ordinary bank. Five years later, the former Second Bank of the United States went bankrupt. Those who believe that a central bank is essential to economic progress need to examine the “free banking” period from 1837 to 1861. In the last five years of the Second Bank’s existence prices rose by 28%. Over the next 25 years, prices in the U.S. fell by 11%. We experienced the dreaded deflation. Did deflation destroy America? Not quite. GDP grew from $1.5 billion in 1836 to $4.6 billion in 1861. Deflation is only fatal to debtors. Inflation is the friend of lenders and the moneyed classes.

The American Civil War brought about the National Banking Act of 1863, which created a network of national banks. Politicians always need bankers to fight their wars and Abraham Lincoln was no different. By 1870 there were 1,638 national banks. This did not eliminate the booms and busts that punctuate human history, but the booms and busts were not scientifically created by a small cabal of bankers. With thousands of banks, those who made bad lending decisions failed. The economy withstood the periodic panics and continued to grow. The GDP of the U.S. grew from $7.6 billion in 1863 to $39 billion by 1913, with virtually no inflation. The Federal government ran surpluses or very small deficits during this entire time period. These facts refute the argument that a strong central bank was necessary to keep our economic system operating smoothly. It seems the Big Lie was not invented by the Nazis.

Creature from Jekyll Island – Control the Money, Control the Country

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. No longer a government by free opinion, no longer a government by conviction and vote of majority, but a government by the opinion and duress of a small group of dominant men.”President Woodrow Wilson

Any impartial assessment of inflation throughout the history of the United States confirms that from the beginning of our nation through the War of 1812, the Mexican American War, the Civil War, the Spanish American War and the Industrial Revolution, the country experienced virtually no inflation as bankers were kept from controlling the U.S. currency and our legal tender was backed by gold. The creation of the Federal Reserve in 1913 and the closing of the gold window by Richard Nixon in 1971 unleashed a tsunami of inflation that continues to inundate our country today, killing the once prosperous middle class.

The Rothschilds of London understood that a fiat currency system would benefit the few (bankers & politicians) who understood it and the masses would be too ignorant to understand they were being screwed:

“Those few who can understand the system (check book money and credit) will either be so interested in its profits, or so dependent on it favors, that there will be little opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear it burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”

The House of Rothschild had been the dominant banking family in Europe for two centuries. They were known for making fortunes during Panics and War. Some claimed they would cause Panics in order to take advantage of those who panicked. American bankers learned the lesson well. The Panic of 1907 was the used as the reason for creating the Federal Reserve. A small cabal of powerful U.S. banking interests understood that if they could control the currency of the U.S., they could control the country, its politicians, and its people.

In 1906, Frank Vanderlip, Vice President of the Rockefeller owned National City Bank, convinced many of New York’s banking establishment they needed a banker-controlled central bank that could serve the nation’s financial system. Up to that time, the House of Morgan had filled that role. JP Morgan had initiated previous panics in order to initiate stronger control over the banking system. Morgan initiated the Panic of 1907 by circulating rumors the Knickerbocker Bank and Trust Co. of America was going broke. There was a run on the banks creating a financial crisis which began to solidify support for a central banking system. During this panic Paul Warburg, a Rothschild associate, wrote an essay called “A Plan for a Modified Central Bank” which called for a Central Bank in which 50% would be owned by the government and 50% by the nation’s banks.

In November 1910 a secret conference took place on Jekyll Island off the coast of Georgia. Those in attendance were:  Paul Warburg, Bernard Baruch, Senator Nelson Aldrich, Colonel House, Frank Vanderlip, Benjamin Strong, Charles Norton, Jacob Schiff, and Henry Davison. From this meeting of the most powerful bankers and politicians in the country came the plan for a Central Bank. This conference was unknown until 1933. In 1935, Frank Vanderlip wrote in the Saturday Evening Post: “I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.”

Behind the scenes these powerful men were formulating the plan for a Federal Reserve System. There was no outcry from the public to implement this plan. The public knew nothing of this. The Aldrich Plan was renamed the Federal Reserve Act and pushed forward by Paul Warburg and Colonel House. Warburg essentially wrote the Act and pressured Congressmen to see his way or lose the next election. Colonel House, who had socialist leanings, was the top advisor to President Wilson.

 

The Glass Bill (the House version of the final Federal Reserve Act) had passed the House on September 18, 1913 by 287 to 85. On December 19, 1913, the Senate passed their version by a vote of 54-34. More than forty important differences in the House and Senate versions remained to be settled, and the opponents of the bill in both houses of Congress were led to believe that many weeks would elapse before the Conference bill would be taken up. The Congressmen prepared to leave Washington for the annual Christmas recess, assured that the Conference bill would not be brought up until the following year. The creators of the bill then pulled the ultimate swindle on the American public. In a single day, they ironed out all forty of the disputed passages in the bill and quickly brought it to a vote. On Monday, December 22, 1913, the bill was passed by the House 282-60 and the Senate 43-23. This meant that the single most important piece of legislation ever passed by the Senate was missing the votes of 26 Senators because it was passed during the Christmas recess. President Wilson, at the urging of Bernard Baruch, signed the bill on December 23, 1913.

File:Fed Reserve.JPG

The Road to Hell is Paved by Central Bankers

“Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits.” – Sir Josiah Stamp (President of the Bank of England in the 1920′s, the second richest man in Britain)

 

The results speak for themselves. The Federal Reserve has been in existence for ninety eight years and over that time the U.S. Dollar has lost 95.6% of its purchasing power. In other terms, the bankers who have controlled our currency since 1913 have generated 2,172% of inflation in just under a century. In the prior one hundred years, when the country was growing by leaps and bounds, there was virtually no inflation. I’m not sure the average person fully understands this concept. To put it in layman’s terms, something that cost $4.40 in 1913 will cost you $100 today. A pair of boys’ school shoes cost 98 cents in 1913. You could purchase three loaves of bread for 10 cents. You could purchase six rolls of toilet paper for 26 cents. The truly frightening impact on the American middle class has happened since Richard Nixon closed the gold window in 1971 and allowed the Federal Reserve to print money unfettered by consequences and slimy politicians to make irresponsible unfulfilled promises as bribes for votes. This chart should worry even the most ignorant of the masses.

Items 1971 2010/11 % Increase
Average Cost of new house $28,000 $273,000 975%
Median HH Income $10,300 $47,000 456%
Average Monthly Rent $150 $750 500%
Cost of a gallon of Gas $0.40 $3.80 950%
Average New Car Price $3,430 $29,200 851%
United States postage Stamp $0.08 $0.44 550%
Movie Ticket $1.50 $7.89 526%

 

Even with the proliferation of two worker households since 1971, household income has not come close to keeping up with the costs of daily living. The average American’s standard of living has declined dramatically over the last forty years and they don’t even know it. Americans have become the slaves of bankers and pay the cost of their own slavery through inflation and debt. It is not a coincidence that consumer debt, which was virtually non-existent prior to the 1960s, began to take off in the 1970s and went nearly parabolic from the early 1990s until the 2008 financial collapse. As the Federal Reserve and political class created inflation, which reduced your standard of living, the bankers who own the Federal Reserve and control the politicians used their slick marketing machine to convince you that acquiring goods using vast quantities of debt was just as good as buying things with cash you saved.

Who benefits from inflation and the issuance of trillions in debt to average Americans? Based upon the decades of gargantuan Wall Street profits, mammoth bonuses paid to bank executives, and fact that Washington politicians absconded with trillions from American taxpayers to save their Wall Street masters, it appears that bankers and politicians are the beneficiaries. A gutted, indebted, jobless, demoralized middle class were the recipients of the downside of inflation and debt. Without a Central Bank issuing a fiat currency, with no constraints, none of this could have happened.

The Federal Reserve is primarily responsible for the destruction of the American middle class. In 1915, according the Federal Reserve annual report, they operated with 35 total employees. Today, they operate with over 20,000 employees and the cost to operate the system exceeds $3.3 billion. The Federal Reserve has failed on every one of its stated mandates:

  • It was created to stabilize the banking system and keep bank panics from occurring. Within sixteen years of its creation it caused the near collapse of the banking system and the Great Depression. The stagflation of the 1970s was caused by Fed policies. The Savings & Loan crisis was created by their policies. The internet bubble, housing bubble and eventual financial collapse were caused by Federal Reserve blunders. There have been 18 recessions since the creation of the Federal Reserve.
  • The stable prices mandate has been a wretched failure, as the Fed has manufactured 2,171% of inflation and destroyed 96% of the currency’s purchasing power. This manufactured inflation has enabled the creation of our welfare/warfare state.
  • The Federal Reserve mandate of moderate long-term interest rates has clearly not been met. The Fed Funds Rate has plotted a path of extremes over the decades, ranging from 0% to 19%, not exactly stable. The Federal Reserve has consistently set rates too low, leading to credit bubbles, which always pop and end in recession or depression.
  • The mandate of maximum employment has also been a miserable failure. The easy credit policy of the Federal Reserve during the 1920s led to the Great Depression with unemployment rates exceeding 20%. Unemployment has averaged between 5% and 15% consistently since the formation of the Federal Reserve. The true unemployment rate today exceeds 15%.
  • The Federal Reserve was supposed to supervise and control the activities of banks. Instead, under Alan Greenspan and Ben Bernanke, they stepped aside and let banks take preposterous risks while giving an unspoken assurance that the Fed would clean up any messes they caused with their debt based enrichment schemes. This total dereliction of duty and gross regulatory negligence led the greatest financial collapse in history.

The American working middle class (Good) have been deceived by the Federal Reserve, the banks that control them (Bad) and the Washington DC political class (Ugly) into believing that a fiat currency, un-backed by gold, supported by systematic inflation is beneficial to their wealth. This has been the Big Lie for the last century and has positioned the country for an epic collapse. Presidential candidate Ron Paul has been the lone voice of sanity in Washington DC for the last two decades and his assessment of the Federal Reserve while questioning Ben Bernanke in 2009 needs to be understood by every American:

“The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us. Instead of economic growth and stable prices, (The Fed) has given us a system of government and finance that now threatens the world financial and political institutions. Pursuing the same policy of excessive spending, debt expansion and monetary inflation can only compound the problems that prevent the required corrections. Doubling the money supply didn’t work, quadrupling it won’t work either. Buying up the bad debt of privileged institutions and dumping worthless assets on the American people is morally wrong and economically futile.”

I’ve now completed three parts of the five part series, documenting the downfall of the great American Empire. Part four, Outlaw Josey Wales, will scrutinize the looting of America by a small group of powerful, connected, super rich men lurking in the shadows, but pulling the strings on our puppet politicians. Lastly, Unforgiven  will detail the impending collapse of our economic system and the retribution that will be handed out to the guilty.

The smell of revolution is in the air.

Part One – For a Few Dollars More

Part Two – Fistful of Dollars

94 Comments
  1. Reverse Engineer says:

    Nice research Jim, good historical primer for the novice.

    RE

    16th May 2011 at 6:44 pm

  2. subzero says:

    Nice work, admin. Clear and concise. It is essays like this that are going to allow the masses to focus on our enemies, The Whores of the Monetary System.

    Ilene and I are on the same page. Could this be coincidence (check out the title)?

    http://www.zerohedge.com/article/good-bad-and-fukushima

    16th May 2011 at 6:46 pm

  3. SSS says:

    One of your best ever, Jim. Or as one the guys in my golf group says, “Well done, Weldon.”

    16th May 2011 at 7:34 pm

  4. Administrator says:

    RE

    The next is your favorite – Outlaw Josey Wales.

    I’ll need to channel you for Unforgiven.

    16th May 2011 at 7:44 pm

  5. Kill Bill says:

    Woodrow Wilson was a fool and Colonel House knew it.

    16th May 2011 at 7:46 pm

  6. Old Buck says:

    Three great post .Looking forward to 4 and 5 .

    16th May 2011 at 7:59 pm

  7. brann says:

    a hard rains a gonna fall on the banker wizards as their magic spell on america weakens and we fools awake to the shit that we have to live with
    .hanging would be to good for them.maybe we need our own jacobins and robespierre.
    meet my irish friend–gil o’teen

    16th May 2011 at 8:08 pm

  8. Kill Bill says:

    For further reading if one is so inclined

    http://www.llsdc.org/attachments/files/109/FRA-LH_H-Rpt-63-69-pp-1-74.pdf
    House Report No. 69, 63d Congress to accompany H.R. 7837, submitted to the full House by Mr. Glass, from the House Committee on Banking and Currency, September 9, 1913.

    http://www.llsdc.org/attachments/files/105/FRA-LH-PL63-43.pdf
    Text of the original Federal Reserve Act, U.S. Congress, 1913.

    16th May 2011 at 8:17 pm

  9. Buckhed says:

    Jim…keep this up and you’ll be a resident of Gitmo in no time.

    16th May 2011 at 8:18 pm

  10. Administrator says:

    Buckhed

    I’ll cut a deal where I turn over my 7,000 members to stay out of Gitmo.

    16th May 2011 at 8:29 pm

  11. Buckhed says:

    Jim…I’ll tell them you are our leader…..I can only hold my breath so long when they waterboard me dude !!!

    16th May 2011 at 8:41 pm

  12. Pirate Jo says:

    I’m so mad that I was born in 1970.

    16th May 2011 at 8:42 pm

  13. Snake says:

    Admin,

    What say you to those who would call you a conspiracy theorist? Thanks for the edumacation.

    16th May 2011 at 8:50 pm

  14. Administrator says:

    Buckhed

    I will reveal that RE is the biggest danger to the government and they will send a drone to destroy his log McMansion.

    16th May 2011 at 9:16 pm

  15. Administrator says:

    Snake

    Who would call me a conspiracy theorist? I deal with facts, not conspiracies.

    16th May 2011 at 9:17 pm

  16. TapperIsTicked says:

    You state that JP and John D were at Jekyll. That is the first time I have read that. Can you provide the source for follow up.
    Thanks

    16th May 2011 at 9:36 pm

  17. Punk in Drublic says:

    You might as well set up a good perimeter on this thread, Admin. I sense this is another viral article sure to bring the conspiracy theorists in.

    I love that picture of Jackson fighting the many headed central banking monster.

    16th May 2011 at 9:44 pm

  18. Apollo says:

    Bounty hunter going after Blondie, knocked on the door:

    Bounty hunter: So, here you are Blondie.
    Blondie: Well, another bounty hunter looking for money.
    Bounty hunter: A man gotta make a livin’.
    Blondie: Dyin’ ain’t much of a livin’

    Blondie sends a slug instead of money into the bounty hunter.

    That’s the movie. Here’s real life. Bond hunter going after Geither:

    Bond hunter: I’m after returns a hell of better than lousy 1% from those stinking Treasuries.
    Geithner: Well, another bond hunter looking for money.
    Bond hunter: A man gotta make a livin’.
    Geithner: I’m goin’ to issue $1.4 trillion bond returning 2% ’cause default ain’t much of a living’.

    Bond hunter sends a slug through a huge pile of 2% bond paper, yelling “Die, die you stinking Treasuries. I need 8% to make a livin’ !”

    16th May 2011 at 10:01 pm

  19. Steve Hogan says:

    I was going to settle for a simple glass of wine with dinner. After reading this, I think something stronger is in order.

    16th May 2011 at 10:02 pm

  20. Dragline says:

    Tuco: [trying to read a note] “See you soon, id…” “id…” “ids…”
    Blondie: [taking the note] “Idiots”. It’s for you.

    16th May 2011 at 10:27 pm

  21. tim straus says:

    Excellent work.

    We have eaten the fruit of our own destruction, there is no easy way out, no political fix and certainly none from those sons of Icarus housed in the Federal Reserve Bank, a building that, appropriately enough, could easily have been designed by Albert Speer. The dialectical process is fully formed, the intrinsic flaws of the American led debauchery of inflated credit and fiat currencies is being shredded, slowly at first but soon with an astounding speed.

    What amazes me still is how docile the American people have become. Lobotomized by reality TV and American Idol the sheeple of the United States have shown no revulsion against the inequities of the increasingly transparent plutocratic rule of a narrow elite in finance, big business and the entrenched political class that serves them.

    It is called Fascism. But there is no resistance—yet. There are no Steinbeck’s in our fractured and delusional intellectual landscape to garner a following of minds and souls in their words; no Father Coughlin’s to have millions of eager ears to the radio, regardless of his erratic message. (Read his “Somebody Must Be Blamed” address to the nation). With the mass media controlled by a propaganda regime that would have made Goebbels jealous, the socioeconomic disruption that lies around the next American corner will be of an even greater magnitude than most can imagine in order for the cathartic cleansing of the falsehoods upon which today’s false capitalism is so tenuously built. Except for a growing, but still relatively insignificant voice of the few that can see through the fog, we are for the most part, rudderless on an uncharted and turbulent ocean as a result.

    “It is utterly impossible for me to build a life on a foundation of chaos, suffering and death. I see the world being slowly transformed into a wilderness, I hear the approaching thunder that one day, will destroy us too. I feel the suffering of millions. And yet, when I look up at eh sky, I somehow feel that everything will change for the better; that this cruelty too will end, that peace and tranquility will return once more. In the meantime, I must hold on to my ideals. Perhaps the day will come when I will be able to realize them!” Anne Frank, Saturday, July 15, 1944

    Keep it up, Jim.

    16th May 2011 at 10:44 pm

  22. tim straus says:

    oops, left out the opening phrase from a philosopher I am found of:

    “The life of a people ripens a certain fruit; its activity aims at the complete manifestation of the principle which it embodies. But this fruit does not fall back into the bosom of the people that produced and nurtured it; on the contrary, it becomes a poison-draught to it. That poison-draught it cannot let alone, for it has the insatiable thirst for it: the taste of the draught is its annihilation, though at the same time the rise of a new principal” Hegel, 1804

    16th May 2011 at 10:46 pm

  23. Paul says:

    Thanks for this great primer! Unfortunately I think if there is revolution and destabilization the “unforgiven” will simply hop on their private planes, cargo holds packed with gold, and fly to Monaco or some other haven and live out their lives in luxurious peace.

    The lack of justice to those in the previous eras you outlined should be a demonstration of the weak will of the public to extract their pound of flesh. Not a single Rothschild, Morgan or other notorious financier has ever hung, nor will their successors.

    16th May 2011 at 10:58 pm

  24. Yojimbo says:

    Excellent article. I would also recommend the youtube video “The Secret of Oz” to newcomers to monetary history.

    16th May 2011 at 11:16 pm

  25. Colma Rising says:

    Paul:

    A cargo hull full of gold will be an heavy package…

    History is fraught with men crashing/ sinking with cargo hulls filled with gold whilst fleeing.

    Cargo holds full of gold tend to be pretty heavy.

    Just what I’ve heard.

    16th May 2011 at 11:17 pm

  26. jmarz says:

    Jim

    Thanks for another informative featured commentary. You would never hear MSM provide the facts and truth you have presented in this piece.

    16th May 2011 at 11:23 pm

  27. llpoh says:

    Admin – unfortunately, much of this article falls outside any area I feel competent to comment upon. I thank you for your efforts, as always, and will lurk around the post looking to defend the honor of the righteous as need be, but so far, the posters seem to be honest, intelligent folk.

    16th May 2011 at 11:29 pm

  28. Don Robertson says:

    The federal government owns scores of millions of boarded-up foreclosed homes.

    They should sell these homes for whatever they might bring before they ask to raise the debt ceiling.

    Also note, not one federal employee or federal employee contractor has been laid off, despite there being literally millions of federal employees and contractors who do absolutely nothing for their paycheck every week.

    I do not agree with Ron Paul. I say, stop printing Food Stamps. Stop paying for all the asinine hospital visits of welfare recipients who have nothing wrong with them that can be cured.

    The government hasn’t only NOT tightened its belt. It has unbuckled its belt and let its pants drop to the ground.

    Fire Bernanke. And -finally- indict Geithner for tax evasion.

    Foreclose on the banks who are in the least bit of trouble after 14 trillion dollars in bank stimulus.

    If they raise the debt ceiling, the ensuing inflation is a loss we will all incur to our wages, to our savings and to our possession-assets. And none of us will ever get any of it back. They are stealing from us to give more money to the banks and to the throngs of Washington D.C. insiders who buy their dole.

    Pull the plug on Fannie Mae and Freddy Mac -completely and NOW-

    Overnight end them both.

    Wake up tomorrow -to the new reality- and you will be amazed how soon real entrepreneurs will seize the opportunity to serve their communities.

    None of this is rocket science.

    Don Robertson
    http://MaineArtists.US
    Limestone, Maine

    16th May 2011 at 11:52 pm

  29. Reverse Engineer says:

    “The next is your favorite – Outlaw Josey Wales.”-Admin

    Best quote of any Eastwood film:

    GET READY LITTLE LADY.

    large-shirt-hell-is-coming-to-breakfast-outlaw-josey-wales-parody.jpg

    Actually not said by Clint, but by Chief Dan George in the role of Lone Watie. He had most of the best lines in that film, and his delivery is just impecable.

    6E940083CDE3492457DEB1_Large.jpg

    “We thought about it for a long time, “Endeavor to persevere.” And when we had thought about it long enough, we declared war on the Union. ”

    “I’m an Indian, all right; but here in the nation they call us the “civilized tribe”. They call us “civilized” because we’re easy to sneak up on. White men have been sneaking up on us for years. ”

    RE

    17th May 2011 at 12:45 am

  30. plato_plubius says:

    The “Secret of Oz” is great but here is one I posted a few days ago that I think is extremely relevant.

    20 minute video that you can show to your kids too
    Aptly titled “The American Dream” (no not the Carlin skit, but just as good imho)

    17th May 2011 at 12:50 am

  31. Reverse Engineer says:

    I will take issue with one aspect of this post, which is the claim made that the Free Banking Era was any better than the periods of Central Banking. A few quotes:

    “During the free banking era, the banks were short-lived compared to today’s commercial banks, with an average lifespan of five years. About half of the banks failed, and about a third of which went out of business because they could not redeem their notes”

    “The Free Banking Era: More than 30,000 Different Notes in Circulation
    Suppose you found a wallet filled with paper money sometime during the Free Banking Era, which was from 1836 to 1866. This wallet might contain a yellow two-cent note issued by the New York druggist Matthew’s Bros. You also might find a three-cent note issued by the Peabody Ladies Furnishing Store in Massachusetts. The most attractive of the bunch might be a pink 25-cent note issued by the Hyson Tea Company in New York. Imagine using some of these notes to pay for something at the store! During the Free Banking Era, consumers could not be sure that merchants would accept their paper money. Although merchants were able to certify currency as genuine by consulting registries called Bank Note Reporters, approximately one-third of all paper money during the Free Banking Era was estimated to be counterfeit.

    Before the Free Banking Era went into effect, it was difficult for banks to obtain a commercial charter. During the Free Banking Era, state authorities were created with the sole purpose of issuing bank charters. Any private or municipal authority could operate a bank as long as it could satisfy a minimal set of conditions. The instability of the Free Banking Era was especially obvious in the state of Michigan, where the State legislature passed the General Banking Law of 1837. This law immediately transformed Michigan’s banking industry. More than 55 banks were organized in Michigan within one year of the liberal banking law–most of them with the sole purpose of issuing paper money.

    Almost all of the banks formed under Michigan’s General Banking Law failed or went broke within two years. Some of these “broken banks” attempted to fool bank inspectors by keeping a barrel of nails with a top layer of gold coin as their “reserves.” The Bank of Battle Creek, Michigan, had its teller, Tolman W. Hall, run out the back door whenever a noteholder would enter the bank. Another unscrupulous tactic was to locate banks’ main offices in remote wilderness areas. These “wildcat banks” would often shuttle the same sack of coins from one location to another to convince the occasional bank inspector that the bank was solvent. One wildcat bank, the Farmers Bank of Sandstone, reportedly offered to redeem its notes in the local merchandise: a sandstone whetstone for each one-dollar note. ”

    This could not have been a very good period to be living and trying to save money or be confident of commerce. The record of recessions and panics during the period is awful.

    “Name Dates[nb 2] Duration Time since previous recession Business activity [nb 3] Trade & industrial activity[nb 3] Characteristics
    1836–1838 — ~2 years ~2 years —32.8% — A sharp downturn in the American economy was caused by bank failures and lack of confidence in the paper currency. Speculation markets were greatly affected when American banks stopped payment in specie (gold and silver coinage).[3][14] Over 600 banks failed in this period. In the south the cotton market completely collapsed.[9]

    late 1839–late 1843 — ~4 years ~1 year -34.3% — This was one of the longest and deepest depressions. It was a period of pronounced deflation and massive default on debt. The Cleveland Trust Company Index showed the economy spent 68 months below its trend and only 9 months above it. The Index declined 34.3% during this depression.[15]

    1845–late 1846 — ~1 year ~2 years −5.9% — This recession was mild enough that it may have only been a slowdown in the growth cycle. One theory holds that this would have been a recession, except the United States began to gear up for the Mexican–American War which began April 25, 1846.[13]

    1847–48 recession late 1847–late 1848 ~1 year ~1 year −19.7% — The Cleveland Trust Company Index declined 19.7% during 1847 and 1848. It is associated with a financial crisis in Great Britain.[15][16]

    1853–54 recession 1853 –Dec 1854 ~1 year ~5 years −18.4% — Interest rates rose in this period, contributing to a decrease in railroad investment. Security prices fell during this period. With the exception of falling business investment there is little evidence of contraction in this period.[3]

    Panic of 1857 June 1857–Dec 1858 1 year
    6 months 2 years
    6 months −23.1% — Failure of the Ohio Life Insurance and Trust Company burst a European speculative bubble in United States’ railroads and caused a loss of confidence in American banks. Over 5,000 businesses failed within the first year of the Panic, and unemployment was accompanied by protest meetings in urban areas. This is the earliest recession to which the NBER assigns specific months (rather than years) for the peak and trough.[5][8][17]

    1860–61 recession Oct 1860–June 1861 8 months 1 year
    10 months −14.5% — There was a recession before the American Civil War, which began April 12, 1861. Zarnowitz says the data generally show a contraction occurred in this period, but it was quite mild.[15] A financial panic was narrowly averted in 1860 by the first use of clearing house certificates between banks.[9] ”

    In short here, while in no way do I support the idea of Central Banking, neither do I think Free Banking in any way solves the problems of corruption in banking, and most certainly does not protect anyone’s investments any better than Central Banking does. It is no panacea.

    RE

    17th May 2011 at 1:08 am

  32. Reverse Engineer says:

    Also well to remember is what concluded the Free Banking Era. The War of Northern Aggression.

    Civil-War.jpg

    RE

    17th May 2011 at 1:10 am

  33. eugend66 says:

    Admin, great article !

    17th May 2011 at 2:34 am

  34. Reverse Engineer says:

    “I will reveal that RE is the biggest danger to the government and they will send a drone to destroy his log McMansion.”-Admin

    I am ready for the Drones. I sold off a few shares of the Bolivian Mine to buy one of these to supplement the Barret .50 Cal BMG

    anti-aircraft-gun.jpg

    I picked it up on Ebay for $15K. A bargain.

    I am in the process of dropping Frag Mines all over the property here

    6a00e008d4b89f8834012876fc4a9d970c-pi

    I am currently negotiating with the North Koreans to trade my Picasso for a Suitcase Nuke

    nsb4.jpg[\'img

    Come and get me you Scumbags!

    ScandinavianWinterSniper_1.jpg

    LOL

    RE

    17th May 2011 at 3:54 am

  35. corey says:

    are there links to the other 2 parts of this piece?

    17th May 2011 at 4:01 am

  36. bigargon says:

    Damn good article Jim. Might be one of your best. Really helps explain in a consise way why the Federal reserve sucks.

    17th May 2011 at 5:01 am

  37. flash says:

    Nice work Jim . We the People need this to go viral.

    17th May 2011 at 6:51 am

  38. flash says:

    For any interested in educational opportunity, well worth the view time.

    The Money Masters – Full

    http://www.youtube.com/watch?v=JXt1cayx0hs

    THE MONEY MASTERS is a NON-FICTION, historical documentary that traces the origins of the political power structure. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation has fallen prey to this cabal of international central bankers.

    If you like this film, support real research by purchasing the full quality DVD here
    http://www.themoneymasters.com/430-2/

    NEW – Secret of Oz DVD (Updated version of The Money Masters)
    http://www.themoneymasters.com/430-2/

    17th May 2011 at 6:56 am

  39. Novista says:

    A minor qubbile, and I haven’t finished reading the post yet, but:

    That WW quote is definitely suss. It seems to be a pastiche from an earlier speech, with additions. Curiously, I tried Snopes on this some time back, and found some explication. Tonight, no. It seems to have disappeared into their memory hole. For what that’s worth.

    As near as I can gather, PART of it is correct, from a speech he gave, but the context is different.

    Just sayin’ …

    17th May 2011 at 7:56 am

  40. Mary Malone says:

    Great series, Jim. We’ll circulate latest installment at Tea Party meeting.

    On related note, we’re formulating a national Tea Party movement to demand 401K managers pledge they will not allow Feds to seize our private retirement accounts. (see Irish government announcement this week)

    If they don’t meet our demands, we move our 401K accounts to funds that sign the pledge.

    What do you think of this idea?

    17th May 2011 at 8:10 am

  41. john hawk says:

    ..where are parts I and II ?

    17th May 2011 at 8:23 am

  42. Administrator says:

    Links to parts One and Two:

    http://www.theburningplatform.com/?p=14836

    http://www.theburningplatform.com/?p=15003

    17th May 2011 at 8:31 am

  43. Administrator says:

    I added links to the first two parts at the end of the article.

    17th May 2011 at 8:34 am

  44. Administrator says:

    Mary

    If the US government tried to seize my retirement funds after I’ve saved for 25 years, I’ll be loading my shotgun and heading to Washington DC.

    17th May 2011 at 8:39 am

  45. john coster says:

    Great article Jim, BUT….hmmmmm…. secret meetings off the coast, dark plots by powerful men, the populace is duped for decades and doesn’t even know how it all happened….Wait a minute!!
    This is a CONSPIRACY THEORY!!!

    17th May 2011 at 10:03 am

  46. English Rose says:

    Credit where it’s due Jim,

    great article – one of your finest to date.

    17th May 2011 at 10:13 am

  47. Kill Bill says:

    RE will be easy to locate by following the empty cans of Napa extra thick chili-con carne, trail of thin gruel excrement and the discarded Sam Adams beer bottles

    17th May 2011 at 10:24 am

  48. Welshman says:

    Andrew Jackson by H.W. Brands had the snake editorial cartoon labeled as Jackson vs. Biddle. Jackson hated bankers because the shortage of currency in the West (Tennessee at that time) and they were forced to barter cotton, slaves, crops, etc. Trading slaves was used against Jackson in the elections, but the slaves were an asset class to get deals done. Bankers starved the New West of capital, because they did not have their profit fingers in the commerence pie.

    Today we have Goldman Sacks with their fingers in everything, and betting against their own customers. Today banks are still a “Den of VIpers and Thieves”, who take the profits amongs themselve and the losses to the taxpayers.

    17th May 2011 at 10:35 am

  49. Welshman says:

    Admin.,

    Credit do and English Rose tooooooooooooo! WoW

    17th May 2011 at 11:55 am

  50. Daily Digest 5/17 – U.S. Government Hits Debt Limit, Inflation Rebounds Sharply, Is The Entire Market Rigged? | oolaah says:

    [...] If you think the EU is a mess, try America! Today is the day we both hit our debt limit and illustrate what a meaningless joke it is by having nothing actually happen as a result. Well, not NOTHING – the Treasury Department plans to announce it will stop issuing and reinvesting government securities in certain government pension plans, part of a series of steps designed to delay a default until Aug. 2. The Good, The Bad, And The Ugly Part 3 (JimQ) [...]

    17th May 2011 at 12:12 pm

  51. Reverse Engineer says:

    “Today we have Goldman Sacks with their fingers in everything, and betting against their own customers. Today banks are still a “Den of VIpers and Thieves”, who take the profits amongs themselve and the losses to the taxpayers.”-Welsh

    Banking whether run Centralized or in smaller chunks of Free Banking has inherent weaknesses which make it inherently corrupt. There is no way to run an honest banking system, besides the fact there is no way to pay interest except in an ever expanding Ponzi of further loans.

    RE

    17th May 2011 at 12:28 pm

  52. The Good, The Bad And The Ugly says:

    [...] Jim Quinn of The Burning Platform   May 16, [...]

    17th May 2011 at 12:43 pm

  53. Administrator says:

    Shockingly, Financial Sense published this article this morning. I guess they didn’t read my blistering takedown of their site.

    17th May 2011 at 12:55 pm

  54. AwholeDr says:

    Jim is a true patriot. Let us not forget our founding fathers. Back then, the MSM would have been reporting how great everything was under British rule, how they provided for our needs, how great our economy was doing, and how much gratitude we owed them. Thankfully for all of us, some brave men knew otherwise.

    The message is getting out. Many people are aware of what Obama/Pelosi/Bernake/Geitner/Reid, Wall Street and the Fed are doing. As always happens in history, a door will open, a critical mass will be reached, an excitatory valence reached, and the people will rise up. And it will happen because of the groundwork of Patriots like Jim.

    I hate to bring religion into the fray, and I’m know little about religion, but the only time Jesus got violent was when he went after the “money changers,” the bankers of his time. Guess what, they were ripping people off. Think how violent his father, God, is going to be with the con men, criminals in Washington and Wall Street when they finally get theirs.

    17th May 2011 at 12:56 pm

  55. XER says:

    “I know not why any one but a school-boy in his declamation should whine over the Commonwealth of Rome, which grew great only by the misery of the rest of mankind. The Romans, like others, as soon as they grew rich, grew corrupt; and in their corruption sold the lives and freedoms of themselves, and of one another. [...] A people, who while they were poor robbed mankind; and as soon as they became rich, robbed one another.”

    It has been said that the United States would not be destroyed from without, but from within. Corruption and sloth (Ignorance) have taken hold in every aspect of American life. Virtue is all but dead today.

    Wherever we look, we find corruption. From all levels of government, we see corruption. Even if we can not see it, we can smell it. From ball fields, university campuses, board rooms, editorial offices, trading floors, military bases, etc…corruption and sloth prevail. The political, social and economic realms are all infected with the cancer of corruption.

    It is my view, that once a country has reached the point where corruption reigns supreme, it has reached the point of no return.

    17th May 2011 at 1:50 pm

  56. andy jack son says:

    bon!
    E cono mystics say “West borrows to pay int. cant pay prin.
    U . . . S . . total pub pv debts to cover boomers c$191t , (12 zero) c two hundred trillion
    gdp $14t/yr. p i i g s broke.

    17th May 2011 at 2:12 pm

  57. andy jack son says:

    bon! oops sory 4 2 posts?
    E cono mystics say “West borrows to pay int. cant pay prin.
    U . . . S . . total pub pv debts to cover boomers c$191t , (12 zero) c two hundred trillion
    gdp $14t/yr. p i i g s broke.

    17th May 2011 at 2:12 pm

  58. XER says:

    The 17th amendment passed by Congress on May 13, 1912 and ratified on April 8, 1913, created the proper conditions for the FRB to flourish. The Senate Committee on Banking and Currency was also created in 1913.

    The 17th amendment changed the way in with senators are chosen. The senate was designed to be the body of Congress that represents state government interests. Originally state legislatures appointed senators. Under the amendment, senators are elected by popular vote.

    I contend that this change was pushed hard by monied interests in order to capture the senate. The senate has morphed into a body of practically untouchable at large legislatures whoring for the highest bidder. This change has brought us to the point where states hire lobbyist’s to represent them in Washington DC. Where the fuck are esteemed members of “The Club?”

    Today, senators represent the city state of Washington DC. Of course, there are exceptions, but very few. The game show hosts disguised as senators serve their masters from Wall Street and the Pentagon very well.

    I also contend that the US Senate is the most corrupt institution in the United States, and has been for a long time. The Fed has no better friend in the world. I am for repealing the 17th amendment. Does it get any uglier than the the US Senate?

    17th May 2011 at 7:37 pm

  59. Terry says:

    “The smell of revolution is in the air.”

    Indeed.

    18th May 2011 at 2:24 am

  60. Reverse Engineer says:

    …and it will look something like this

    1_copy2.jpg

    RE

    18th May 2011 at 2:32 am

  61. Reverse Engineer says:

    crap try again

    children_of_men.jpg

    RE

    18th May 2011 at 2:34 am

  62. 1776again says:

    There is only one possible answer to the mess the FED has created with their one world financial cartel, and the rest of the UN entanglements (Greed Inc.), which is manned by the power elite behind the scenes, of which the latest example is Strauss Kahn.

    It seems that history shows that sometimes it takes a radical shift to cancel out another radical shift which has been in place for a long time. The pendulum will hopefully swing to get shed of the RINOS and the Democratic SOCIALISTS that infest all 3 branches of government, all only too happy to place us more every day under the entanglements of the UN lovers that have infested our schools and the NEA that has brainwashed 4 generations, leading to the takeover of property via Agenda 21, and the European Union look alike that is proceeding behind the scenes, formerly named the North American Union, without any knowledge (officially) of congressional approval , thanks to Obama. The reason the borders has not been enforced since the 1970′s.

    We have to make that radical shift, as most of the brainwashed RINOS and the MSM debunk Ron Paul’s ideas. The current fiasco with Strauss Kahn would be a timely example of the dangers of trusting our fate to the likes of the World Bank, BIS, and IMF. Seems to me that the way to convince the middle class that remain ignorant of the causes of our nation’s coming bankruptcy is to keep drumming the truth that applies to Mr. & Mrs. Middle Class America, that is trying to keep their heads above water that we have to have our own reformation of the system, back to the morality and liberty we were given in by our founders.

    Our bought & sold MSM always (including FOX) will covertly do everything in their power to maintain the status quo. It seems to me that the best way to educate the folks that remain uninvolved is to continue to increase the reach of of talk radio, as most people do not have time literally to research the issues. MOST GET THEIR NEWS FROM THE 3 TV STATIONS, AND DO NOT HAVE ACCESS TO CSPAN, AND OTHER DISCUSSIONS. JUST ABC, NBC, & CBS, all of whom spout progressivism along with CNN.

    Could a massive Radio series be the way to accomplish it, and how could it be done ? There is a net location, Democrats Against Agenda 21, the comments of which lead me to believe that there is a lot of common ground between the non radical Democrats and the Tea Party types if they can just be reached.

    Lots of these folks turn on their car radios on the way to & from work, as the only times they might hear something of value. Many do not have access or time to spend on the net, so it would be nice if there were a lot of programs that tell the truth about the treasonous politicos of both parties that will lie, cheat and steal as always in order to stay in power, at the expense of the people.

    Our dictator is doing everything in his power to illegally, through executive orders and bureaucrats’ directives, to kill this country. We have to stop it ! !

    18th May 2011 at 3:42 am

  63. Novista says:

    @ john coster

    http://www.frbatlanta.org/news/conferences/10jekyll_index.cfm

    When they admit the origin, it’s no longer a theory.

    18th May 2011 at 8:36 am

  64. anonymouse says:

    All of the people referred to in your article are charter members of the Council on Foreign Relations–pin the tail on the donkey–All of the major players in the great financial debacle 2007-present are members of the Council on Foreign Relations—Is it the members working independently [see The Inside Job] or the organization doing the American people in? A question?

    The organization is a Union of the wealthy elite—-Warren Buffett has stated several times that a class war is being conducted on America and the rich are winning—The rich are organized–the sheeple are not—

    Whose country is this? Should all the wealthy be allowed to take unscrupulous advantage all the time?

    This is the road we do not want to go down—every time a nation takes this road millions die…

    Admirable work, Very Best Regards

    18th May 2011 at 8:58 am

  65. Hill Country says:

    Better gitcha some gold,
    Quick as ya can,
    ‘Cause they’re just ’bout done
    Playin’ kick the can.

    Time’s runnin’ short,
    This dollar’s goin’ down,
    Git out the casino,
    If ya don’t wanta drown,

    In worthless paper,
    ‘N leveraged debt,
    ‘N all the promises yet
    To be unmet.

    There ain’t much time,
    So git a move on,
    Like the rich folks’re doin’
    ‘For it’s all gone.

    And let them bankers wallow
    In their paper pit,
    But let ‘em know
    We won’t fergit,

    How they played us fer fools,
    ‘N stripped us bare,
    Stole our labor, yeah
    They gave us a scare.

    But now we seen the truth,
    We seen how it works,
    We seen the fraud,
    ‘N we seen the perks.

    It was a rigged shell-game,
    Right from the git,
    ‘N their promise ain’t worth,
    A bucket ‘o spit.

    So gitcha some gold,
    Fer startin’ over again,
    We got rebuildin’ to do,
    It’s just a matter of when
    We got rebuildin’ to do,
    It’s us versus them.

    18th May 2011 at 9:08 am

  66. Charles Savoie says:

    Outlaw Josey Wales is already here as of last January—”The Silver Stealers” an organization your President is an “honorary” member of and it won’t release a roster to ID the 600 or so members out of the 700 I can’t definitely ID. Ever hear of The Pilgrims Society? Once it’s glimpsed, other organizations appear to be its subsidiaries.

    18th May 2011 at 9:26 am

  67. Cynical30 says:

    Hey SmokeyQuinn! It’s become a new passtime of mine to read the comments on the Zerohedge post up just for the DP threads. Classic! HAHAHAHAHAHAA

    18th May 2011 at 9:27 am

  68. Administrator says:

    Cynical30

    Can you believe DP the sheep fucker actually still thinks Smokey and I are the same person?

    18th May 2011 at 9:54 am

  69. Cynical30 says:

    As unbelievable as that is, it’s even more disturbing how he still latches onto you with such fervor & crawls out from under his rock whenever you post. It’s like laughing at the retarded kid who just can’t stop using his head to put holes in the drywall.

    18th May 2011 at 11:47 am

  70. David Meyer says:

    I wonder if Fox news is part of the conspiracy? Are they put up as pretenders to conservative values, which are ultimately harmless in fighting the good fight, and the bad guys go about their ways with little obstruction from the so called oposition. I don’t know.

    18th May 2011 at 12:02 pm

  71. Ben Dover says:

    You failed to follow through with Tuco; There are two kinds of men in the world my friend…those with the rope around their neck and those who shoot the rope…BUT MAKE SURE YOU CUT THE ROPE…HE WHO DOUBLE CROSSES ME AND LEAVES ME ALIVE….WHOA..HE DOES NOT KNOW TUCO….

    18th May 2011 at 2:08 pm

  72. albert w loescher says:

    While the Declaration of Independence was in its writing phase, Adam Weishaupt founded the Illuminati, but he never conceived the challenge from the ME. 137 years later, the ‘creature from Jekyll Island’ was delivered by the ‘RottenChilds’. Neither did the top hats recognize the potential from hotchpotch of Arabia. When the creature was only 15 years old, the MB was born in 1928. Present day writers of the One-World-Order have continued to misunderstand the danger from the muslim brotherhood. Only recently, these authors are beginning to awaken to the threat of shariah finance, but sadly, Gulliver’s Lilliputian threads are now too strong to break:
    https://www.lariba.com/default.htm;
    http://www.actforamerica.org/index.php/learn/email-archives/1021-minnesota-and-islamic-mortgages-2
    The octogenarians of the ‘old-world-disorder’ seem to think they can use islam as an ally to gain their goals, but for only a short time. Eventually, the behemoths for world hegemony will necessarily butt heads as prurient children who play ‘king of the mountain’.
    Biblical prophesy states the enemies will be confounded and fall upon their own swords, aka, they will be ‘hoist (foist?) upon their own petard’. Unfortunately, too much ‘collateral damage’ will ensue, and countless many more will be snuffed without the grace of Christ.
    awl

    18th May 2011 at 2:58 pm

  73. Muck About says:

    This thread is deteriorating by leaps and summersaults.

    MA

    18th May 2011 at 4:22 pm

  74. Wasatch observer says:

    I’m forwarding this to many contacts. In light of these policies, China, Russia Japan, France and some other countries held a secret meeting recently to discuss…..creating a new world currency. The US was not invitied. Oil and other things would no longer be bought with dollars. These are the good days when that happens! Among other things gas be priced similar to what they pay in Europe.

    18th May 2011 at 5:38 pm

  75. Thinker says:

    From the upcoming issue of Rolling Stone:

    The People vs. Goldman Sachs
    A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

    “Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about. We know exactly how they and other top Goldman executives, including David Viniar and Thomas Montag, defrauded their clients. America has been waiting for a case to bring against Wall Street. Here it is, and the evidence has been gift-wrapped and left at the doorstep of federal prosecutors, evidence that doesn’t leave much doubt: Goldman Sachs should stand trial.”

    18th May 2011 at 7:03 pm

  76. Puckchaser says:

    Can you provide a link to the “blistering takedown” of the FInancial Sense Web site the administrator refers to? I’d like to read. Thanks.

    18th May 2011 at 9:41 pm

  77. Administrator says:

    Puckchaser

    http://www.theburningplatform.com/?p=15307

    19th May 2011 at 8:16 am

  78. Richard says:

    As well written as this is… The unfortunate truth is that no one is listening. I have about 65 friends on Facebook. A lot of them have advanced educations. 4 of those 65 appear to give a damn about what is really happening to this nation. The bulk of them are only concerned with Scottie on American Idol.

    21st May 2011 at 7:13 am

  79. Dr Imran Iskandar says:

    i am not sure about this but from what i understand -the american people/taxpayers took loans to sell houses to each other and to themselves each time consuming the profit .when house prices crashed the fed(american people/taxpayers) bought the mortgages from the banks.so why blame the banks?

    21st May 2011 at 9:51 pm

  80. Mandan says:

    I think the Fed is an instrument of politicians and Bankers.

    Going back to gold and silver trinkets will not solve anything.

    23rd May 2011 at 6:50 am

  81. Average cost of new house up 975% from 1971. « irongamer.net says:

    [...] Now and then I check articles over at the Burning Platform. Regardless of what you may believe about monetary systems the US monetary system is hurting the majority of its citizens.  Here are some numbers and a section from the article The Good, the Bad and the Ugly – Part Three. [...]

    24th May 2011 at 10:00 pm

  82. a cruel accountant says:

    Admin

    Enough teasing with the blog.

    When is the book coming out!

    26th May 2011 at 10:57 pm

  83. jpfenton says:

    I actually KNEW all this….Just never had the TIME to get off the treadmill we’re all on to write it all DOWN !!!!

    26th May 2011 at 11:31 pm

  84. TT says:

    I really like you writings and the Eastwood movies theme is terrific. However, that quote you have from Wilson seems to be dubious. If you search the web it is seems to be debunked. You might want to look into it further and/or provide sources for the quote. I’d hate for something like that to tarnish the credibility of such a well thought-out essay.

    27th May 2011 at 2:31 am

  85. Administrator says:

    a cruel accountant

    I’ll write a book when they come out with the technology to write while I sit in traffic for 2 1/2 hours per day.

    27th May 2011 at 7:41 am

  86. a cruel accountant says:

    Admin

    Think outside the blog.

    The book is already written. Just put together your best articles and send them off to a publisher. The worst they can say is no.

    Future articles can be written as either whole or partial chapters.

    27th May 2011 at 10:00 pm

  87. Apollo says:

    @a cruel accountant

    Admin’s 4th Turning articles, albeit well-written, is his version of the real book The Fourth Turning with some of today’s facts and events thrown in. As such no publishers will touch such a re-write (by anybody). Because there is little of originality and risk of plagiarism.

    However, if Admin can put forth an original and compelling story of what will emerge from the Fourth Turning (as I have so amateurishly done in one of my entries in TBP), then publishers will likely take notice. But of course, hundreds of the very best forecasters, thinkers, even messiahs and prophets are working overnight on this subject.

    An example is the Shock Doctrine by Naomi Klein. She took evens of the past 3 decades, events related to US foreign and economic policies, events of US economic elites’ global mission to convert other economies, and came up with an original thesis backed by a couple of yeas of on-the-ground research. That thesis is US applied shock treatment to emerging economies as a matter of foreign policy, backed by Big Money and the Fed. She also predicted that as US runs out of developing economies to apply the shock (and plunder these foreign assets dime on the dollar), sooner or later the elitists will apply it to America itself. The book was published and became a winner. Her prediction of self-inflicted shock doctrine was dead on.

    28th May 2011 at 6:37 pm

  88. a cruel accountant says:

    @Apollo

    I learned something new today.

    28th May 2011 at 9:30 pm

  89. Kill Bill says:

    El Bueno El Malo En El Feo

    El Feo:

    The number of new startup businesses has declined sharply since the beginning of the recession, while the number of jobs created by startup businesses has been declining for over a decade

    http://motherjones.com/kevin-drum/2011/05/chart-day-death-small-businesses
    blog_jobs_startups.jpg

    31st May 2011 at 11:55 am

  90. walt235 says:

    Given that the parasitic, Satanic jooz are behind it and most of the problems in our banking system. This article should have been called: “The Good, The Bad and the Sheenie!”

    1st June 2011 at 6:24 pm

  91. Plumb Mad Dog Mean | Bruce Hanify says:

    [...] Two – Fist­ful of Dol­lars and addressed the nefar­i­ous cre­ation of a cen­tral bank in Part Three – The Good, the Bad, and the Ugly. The Other Josie [...]

    7th June 2011 at 12:03 am

  92. Yukie Karen Yamada says:

    Monsters, critics and werewolves have been battling it out recently with how to frame the news media’s perception of Occupy Wall Street. Restaurant owners on Wall Street bitch on the radio,
    police researchers say that most arrested in the New York protests were home owners of value
    up to $300,000, in other words, middle class groups. Oakland has a City General strike in the
    support of Occupy Oakland protests with 300 public school teachers marching with anarchists.
    San Francisco had 3500 protesters, according to latest reports, in downtown Market Street. In
    SF they are trying to figure out how to explain their trillion-dollar defense contractor economy
    with the primary message machine in defense contractor news companies making most of the
    money during the past decade of war, corruption within defense contractors and links to wire
    terror for the rest of the country’s information systems. The news media has gotten the message,
    money is to be made in defense of fundamental rights of ctizens who do what is correct at all
    times in the worst of defense contractor industrial info economic structures. Yukie Yamada aka
    Fern at twitter.com/FernSpoke Maui Hawaii Say “no” to APEC glossy reality!

    2nd November 2011 at 8:19 pm

  93. Jimi d says:

    BRAVO Admin, BRAVO !

    1st October 2012 at 8:59 am

  94. deerInTheWhat says:

    Insightful……

    11th August 2013 at 1:10 pm

  95. deerInTheWhat says:

    Insightful……

    11th August 2013 at 1:10 pm

Leave a comment

You can add images to your comment by clicking here.