A great civilization is not conquered from without until it has destroyed itself within. The essential causes of the Roman decline lay in her people, her morals, her class struggles and failing trade, her bureaucratic despotism, her stifling taxes, and consuming wars.
–The Story of Civilization III (1944)
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is the act of Congress that created the Federal Reserve System, the central banking system of the United States of America, which was signed into law by President Woodrow Wilson.
The Rothschilds
"The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." -- Rothschild Brothers of London, 1863
"Give me control of a nation's money and I care not who makes it's laws" -- Mayer Amschel Bauer Rothschild
- This quote is mostly words Wilson actually wrote, with the first two sentences of it apparently being incorrect and the rest taken from Wilson's The New Freedom. Below is what one can actually derive from connecting together two passages from The New Freedom:
- "A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”
- All of the above is from Woodrow Wilson's The New Freedom: A Call for the Emancipation of the Generous Energies of a People (New York and Garden City: Doubleday, Page & Company, 1913).[1] In this same work, Wilson also wrote the below:
- "Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.”
- 206.148.136.60 18:58, 22 October 2006 (UTC)
AMERICAN CONFUSED ABOUT HEALTH CARE BILL REFORM/ACT JUST LIKE WITH THE FEDERAL RESERVE ACT!
As expected, the U.S. Senate passedthe 2009 health care reform bill Thursday along party lines, 60-39. All 58 Democrats and two Independents voted for it; 39 Republicans voted against it. U.S. Sen. Jim Bunning, R-Kentucky, did not vote.
The health care overhaul bill is the most important social policy change in the United States since the establishment of Medicare in 1965, and it ranks third behind that act, and the creation of Social Security in 1935 in social welfare state importance. Without question, the health care reform action -- aimed at eventually creating a health care system where everyone is insured and receives regular medical care -- is a civilization advance.
Most Americans still don't have a clue about health care reform.
Months of debate in Congress, endless chest-thumping by pundits and scores of dramatic 30-second ads have done shockingly little to educate Americans about the sweeping legislation that promises to affect all of them for decades to come.
Quoting a Pew Research Center analysis of its Dec. 9-13 nationwide poll, McClatchy Newspapers reports that "a large majority of Americans -- 69% -- say they find the issue hard to understand." That's even higher than the response Pew got in late July of 63%. For anyone involved in the debate, that statistic has to be depressing. Then again, this issue is a nightmare to explain to anybody, regardless of their political persuasion.
The bill, with the Orwellian(GEORGE ORWELL 1984) name of Patient Protection and Affordable Care Act, that passed the U.S. Senate today in a rare Christmas Eve session weighs in at a whopping 2,000-plus pages. It revamps one-sixth of the U.S. economy, costs a staggering $871 billion over 10 years, and raises just as many questions as it answers.
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
—Henry Ford inventor and founder of the Ford Motor Company.
NOW LOOK AT QUOTES ABOUT THE FEDERAL RESERVE ACT:
Senators & Congressmen:
"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States"
-- Sen. Barry Goldwater (Rep. AZ)"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized.... the worst legislative crime of the ages is perpetrated by this banking and currency bill." -- Charles A. Lindbergh, Sr. , 1913
"From now on, depressions will be scientifically created." -- Congressman Charles A. Lindbergh Sr. , 1913
"The financial system has been turned over to the Federal Reserve Board. That Board asministers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr., 1923
"The Federal Reserve bank buys government bonds without one penny..." -- Congressman Wright Patman, Congressional Record, Sept 30, 1941
"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". -- Congressman Louis T. McFadden in 1932 (Rep. Pa)
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers -- Congressman Louis T. McFadden (Rep. Pa)
"Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" -- Congressional Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932
"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgiveable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected." -- John Danforth (R-Mo)
"These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency..." -- Mr. Crozier of Cincinnati, before Senate Banking and Currency Committee - 1913
"The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency." -- Henry Cabot Lodge Sr., 1913
From the Federal Reserves Own Admissions: "When you or I write a check there must be sufficient funds in out account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money." -- Putting it simply, Boston Federal Reserve Bank
"Neither paper currency nor deposits have value as commodities, intrinsically, a 'dollar' bill is just a piece of paper. Deposits are merely book entries." -- Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975
THE HEALTH REFORM BILL IS SET UP TO FUNNEL FUNDS INTO INSURANCE COMPANY’S HANDS…
The Pharmaceutical Research and Manufacturers of America (PhRMA), which represents big drug companies, sounded a more conciliatory note, saying the bill "offers the kind of change that will benefit patients today without putting medical progress at risk in the future."
Eric Wahlgren pointed out yesterday, the legislation would still leave about 23 million people without health insurance and that most of the 30 million uninsured who will be helped by the bill won't get their assistance until 2013. Drew Altman, president of the Kaiser Family Foundation, told the Associated Press that "People are going to see their premiums and out-of-pocket costs go up before the tangible benefits kick in." That's a tough pill to swallow for folks who expect immediate relief.
Warren Buffett recommends that investors look for companies that deliver outstanding return on capital and produce substantial cash profits. He also suggests that you look for companies with a huge economic moat to protect them from competitors. You can identify companies with moats by looking for strong brands, alongside consistent or improving profit margins and returns on capital.
very elaborate shell game...if he gets his bailout from the government he'll be the highest paid welfare recipient in the history of mankind...
If you carefully read his latest financial statements (don't forget he controls Berkshire Hathaway) you'll see he can bail out his insurance company from his cash reserves and still handle the hit.
Insurance has been Berkshire's core operating business since it purchased National Indemnity, a commercial auto and general liability insurer, in 1967. Insurance has supplied the "fountain of funds" Buffett uses to buy other businesses and securities. Among Berkshire's other insurance holdings today are GEICO, a direct provider of auto insurance, and General Reinsurance.
The source of our insurance funds is "float," which is money that doesn't belong to us but that we temporarily hold. Most of our float arises because (1) premiums are paid upfront though the service we provide - insurance protection - is delivered over a period that usually covers a year and; (2) loss events that occur today do not always result in our immediately paying claims, because it sometimes takes many years for losses to be reported (asbestos losses would be an example), negotiated and settled. The $20 million of float that came with our 1967 purchase (National Indemnity- NICO) has now increased - both by way of internal growth and acquisitions - to $46.1 billion.
Float is wonderful - if it doesn't come at a high price. Its cost is determined by underwriting results, meaning how the expenses and losses we will ultimately pay compare with the premiums we have received. When an underwriting profit is achieved - as has been the case at Berkshire in about half of the 38 years we have been in the insurance business - float is better than free. In such years, we are actually paid for holding other people's money.
Warren Buffet, considered the nation’s greatest and richest investor, and an Obama adviser, now says Mr. Obama’s economic message is muddled and is undermining public confidence. Mr. Obama told CNBC, “And I think we'e had, and it’s the nature of the political process somewhat, but we’ve had muddled messages and the American public does not know. They feel they don’t know what’s going on, and their reaction then is to absolutely pull back.”
“… You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, I will rout you out.”
—President Andrew Jackson, upon evicting a delegation of International Bankers from the Oval Office
“The real truth of the matter is, and you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.”
—President Franklin Delano Roosevelt, November 23, 1933 in a letter to Colonel Edward Mandell House
I WANT TO DO USEFUL WORK AND GET PAID, WITHOUT HAVING TO REPORT IT FOR TAXATION, CONFISCATION, AND REGULATION…
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