The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

Courtesy of Michael Snyder @ The Economic Collapse blog:

From the dawn of history, elites have always attempted to enslave humanity. Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of those that they are able to subjugate. If you are forced to build a pyramid, or pay a third of your crops in tribute, or hand over nearly half of your paycheck in taxes, that enriches those in power at your expense. You become a “human resource” that is being exploited to serve the interests of others. Today, some forms of slavery have been outlawed, but one of the most insidious forms is more pervasive than ever. It is called debt, and virtually every major decision of our lives involves more of it. For example, at the very beginning of our adult lives we are pushed to go to college, and Americans have piled up more than 1.2 trillion dollars of student loan debt at this point. When we buy homes, most Americans get mortgages that they can barely afford, and when we buy vehicles most Americans now stretch their loans out over five or six years. When we get married, that often means even more debt. And of course no society on Earth has ever piled up more credit card debt than we have. Almost all of us are in bondage to debt at this point, and as we slowly pay off that debt over the years we will greatly enrich the elitists that tricked us into going into so much debt in the first place. At the apex of this debt enslavement system is the Federal Reserve. As you will see below, it is an institution that is designed to produce as much debt as possible.

There are many people out there that believe that the Federal Reserve is an “agency” of the federal government. But that is not true at all. The Federal Reserve is an unelected, unaccountable central banking cartel, and it has argued in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act. The 12 regional Federal Reserve banks are organized “much like private corporations“, and they actually issue shares of stock to the “member banks” that own them. 100 percent of the shareholders of the Federal Reserve are private banks. The U.S. government owns zero shares.

Many people also assume that the federal government “issues money”, but that is not true at all either. Under our current system, what the federal government actually does is borrow money that the Federal Reserve creates out of thin air. The big banks, the ultra-wealthy and other countries purchase the debt that is created, and we end up as debt servants to them. For a detailed explanation of how this works, please see my previous article entitled “Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand“. When it is all said and done, the elite end up holding the debt instruments and we end up being collectively responsible for the endlessly growing mountain of debt. Our politicians always promise to get the debt under control, but there is never enough money to both fund the government and pay the interest on the constantly expanding debt. So it always becomes necessary to borrow even more money. When it was created back in 1913, the Federal Reserve system was designed to create a perpetual government debt spiral from which it would never be possible to escape, and that is precisely what has happened.

Just look at the chart that I have posted below. Forty years ago, the U.S. national debt was less than half a trillion dollars. Today, it has exploded up to nearly 18 trillion dollars…

image Continue reading

Privacy, why it’s vital for Creativity

A great piece by blogger Digby, expanding on what Glen Greenwald has been writing and reporting on for some time. Why is privacy so important? It’s important for our species to be creative, to push boundaries and explore. When we are aware we maybe watched, our behaviour alters which stifles our creativity and limits us. We are beings of infinite possibilities on a finite timeline, not beings of finite possibilities on an infinite timeline. The choice is yours to make. Courtesy of Digbys Blog:

Why privacy? “The power of mind over mind”

I’ve noticed over the last few years that it’s fairly common to pooh-pooh the concept of privacy. “It’s dead already”, who needs it, if you’ve got nothing to hide, etc. In this Facebook world in which people eagerly share every thought that passes through their minds, it almost seems quaint. But it isn’t. Privacy is fundamental to being a human being.

This interview with Glenn Greenwald is fascinating for any number of reasons and you should read the whole thing, but I was especially taken with his philosophical approach to this subject considering how important his reporting and analysis on the NSA revelations have been. He said:
I think it’s interesting because a lot of times people have difficulty understanding why privacy’s important…and so what I try to do is look at human behavior, and what I find, I think, is that the quest for privacy is very pervasive. We do all kinds of things to ensure that we can have a realm in which we can engage in conduct without other people’s judgmental eyes being cast upon us. Continue reading

The Messy Link Between Slave Owners And Modern Management

Courtesy of Forbes:

While studying the history of business practices, HBS researcher Caitlin Rosenthal made a startling discovery: Many of the techniques pioneered by slave owners in the 1800s are widely used in business management today. Rosenthal discusses her findings in this story by Katie Johnston, which first appeared on the HBS Working Knowledge website.

Caitlin C. Rosenthal didn’t intend to write a book about slavery. She set out to tackle something much more mundane: the history of business practices. But when she started researching account books from the mid-1800s, a period of major economic development during the rise of industrialization in the United States, Rosenthal stumbled across an unexpected source of innovation.

Rosenthal, a Harvard-Newcomen Fellow in business history at Harvard Business School, found that southern plantation owners kept complex and meticulous records, measuring the productivity of their slaves and carefully monitoring their profits—often using even more sophisticated methods than manufacturers in the North. Several of the slave owners’ practices, such as incentivizing workers (in this case, to get them to pick more cotton) and depreciating their worth through the years, are widely used in business management today.

As fascinating as her findings were, Rosenthal had some misgivings about their implications. She didn’t want to be perceived as saying something positive about slavery. On the contrary, she sees her research as a critique of capitalism—one that could broaden the understanding of today’s business practices.

The work is part of her current book project, “From Slavery to Scientific Management: Capitalism and Control in America, 1754-1911,” and the forthcoming edited collection Slavery’s Capitalism.

The evolution of modern management is usually associated with good old-fashioned intelligence and ingenuity—”a glorious parade of inventions that goes from textile looms to the computer,” Rosenthal says. But in reality, it’s much messier than that. Capitalism is not just about the free market; it was also built on the backs of slaves who were literally the opposite of free.

“It’s a much bigger, more powerful question to ask, If today we are using management techniques that were also used on slave plantations,” she says, “how much more careful do we need to be? How much more do we need to think about our responsibility to people?” Continue reading

The Masters have Spoken

In this article in the Guardian entitled Multinational CEOs tell David Cameron to rein in tax avoidance rhetoric the corporate masters have spoken…


The bosses of some of Britain’s largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month.

Chief executives of companies such as Burberry, Tesco, Vodafone, BAE Systems, Prudential and GSK were keen to take a final opportunity to lobby the prime minister in advance of the meeting of political leaders in Northern Ireland.

Cameron has pledged to use Britain’s G8 presidency to tackle aggressive tax avoidance by multinationals, but is also keen to heed the counsel of his business advisory group, which he met with on Monday.

Also present was Google’s chairman, Eric Schmidt, despite the internet search firm coming under fierce attack from MPs last week because of its tax arrangements. The president of the Confederation of British Industry, Sir Roger Carr, who was at the meeting, was among those who have taken issue with Cameron’s attacks on the ethics of big business tax engineering.

During a speech earlier in the day at a London event organised by Oxford University’s Said Business School, Carr said: “It is only in recent times that tax has become an issue on the public agenda – Starbucks, Google, Amazon – businesses that the general public know and believe they understand; businesses with a brand that become a perfect political football, the facts difficult to digest; public passions easy to inflame.

These parasitic vermin want to avoid the moral debate because it cannot be considered morally right that a minority of people within the world reap the majority of the profit and avoid paying any contribution to society. They do this by buying off the politicians or ‘lobbying’ and get the rules enforced that they want. Money regretfully motivates and they are parasites on society not bringers of wealth deserving our respect.

The debate that they want to have is on profits, not on morality, but talking about profit is just a way of muddying the waters and is a diversion from the point in hand. Removing all corporate tax, import and export taxes, all laws, removing governments and letting corporations own people would be good for profit and that is what they are aiming for! The question is this, is profit the ultimate measure of what is “good” and therefore right for all society? Now that is the moral question and a question they cannot answer without naming their agenda.

Where is the dividing line between profit which benefits society and profit which harms it? My opinion is hoarding profit in tax havens, destroying local and national businesses through artificially cheap prices and lying through their back teeth is already well over that line.