The Bail Outs & The Fed

I read in the paper that there are 20 banks that are too big to fail. I guess the US Government is not too big to fail because that is exactly what will happen if we keep bailing out these banks.

Bailing out the banks is not going to get America buying again. As I said in my blog at http://inflation.blogtownhall.com/ “ I keep hearing that there is a loss of consumer confidence, which is now causing our depression. Wrong again. Consumers have not lost their confidence, consumers are so overburden with debt that they can’t afford to buy anymore. Paying 50% of your income out on a mortgage and 30% of your income out on credit cards at 18% to 32% interest because of consumer overconfidence would probably be a more accurate statement of why consumers are not buying. The banks caused this problem by making credit too easy. Not a week goes by that I don’t get another offer from a bank for a low interest credit card. Of course if your late on just one payment they jack the interest up. Now your money is going to pay past purchases with nothing left to continue purchasing”

The Federal Reserve is not Federal, it is a private banking cabal.

THE TEN MEMBER BANKS OF THE FEDERAL RESERVE

Rothschild Bank of London

Warburg Bank of Hamburg

Rothschild Bank of Berlin

Lehman Brothers of New York

Lazard Brothers of Paris

Kuhn Loeb Bank of New York

Israel Moses Seif Banks of Italy

Goldman, Sachs of New York

Warburg Bank of Amsterdam

Chase Manhattan Bank of New York

 All owned by the Rothschilds

Are we going to trust the sovernty of this nation to the House of Rothschilds or are we going to return the power to coin our currency back to the people via the Treasury Department?

“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.”

Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)

We can fix this depression in a year by doing a few simple things.

1.             Return the power to coin money to the US Treasury Department.

2.             Repeal the Federal Reserve Act of 1913

3.             Outlaw Usery

Dr. Ken Matto put it best at: http://www.scionofzion.com/federalreserve.htm he has done his research and this should be mandatory reading for every American.

Also check this out on fractional banking: http://www.lewrockwell.com/rothbard/frb.html