Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’

Interest Expense on the Debt Outstanding

Nice to see the growing movement to get the Fed audited. Now if only the sheep in Britain would do the same for the Bank of England…

The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.

In a wide-ranging discussion of the bank bailouts on MSNBC’s Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt for cash that it gave to the struggling banks.

Spitzer — who built a reputation as “the Sheriff of Wall Street” for his zealous prosecutions of corporate crime as New York’s attorney-general and then resigned as the state’s governor over revelations he had paid for prostitutes — seemed to agree with Ratigan that the bank bailout amounts to “America’s greatest theft and cover-up ever.”

READ THE FULL ARTICLE HERE

On a related note, Point 5 of the Communist Manifesto reads;

Centralisation of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.

Which is also related to a statement a financier made;

"Give me control of a nation's money and I care not who makes the laws."

That was from Mayer Amschel Rothschild (1744 -1812). He understood that the manipulation of debt was the easiest way to acquire power over others. It is a matter of historical record that;

The providing of other innovative and complex financing for government projects formed a mainstay of the bank's business for the better part of the century. N M Rothschild & Sons' financial strength in the City of London became such that by 1825, the bank was able to supply enough coin to the Bank of England to enable it to avert a liquidity crisis.

So, N M Rothschild & Sons essentially bailed out the Bank of England, taking control (through debt) of the monopoly provider of credit to the country. Do you think they did that out of the goodness of their hearts?

For a timeline of Rothschild activities, I suggest studying ‘The History of the House of Rothschild’, a section I will reproduce here;

1848: Karl Marx, an Ashkenazi Jew, publishes, "The Communist Manifesto." Interestingly at the same time as he is working on this, Karl Ritter of Frankfurt University was writing the antithesis which would form the basis for Freidrich Wilhelm Nietzsche's, "Nietzscheanism." This Nietzecheanism was later developed into Fascism and then into Nazism and was used to forment the first and second world wars.

Marx, Ritter, and Nietzsche were all funded and under the instruction of the Rothschilds. The idea was that those who direct the overall conspiracy could use the differences in those two so-called ideologies to enable them to divide larger and larger factions of the human race into opposing camps so that they could be armed and then brainwashed into fighting and destroying each other, and particularly, to destroy all political and religious institutions. The same plan put forward by Weishaupt in 1776.

Interesting isn't it. There is more evidence of this in the letter from Marx to Baruch Levi, in which he states;

[i]In this new organization of Humanity, the children of Israel, scattered to all corners of the earth, will be transformed, with no opposition at all, into the ruling class, above all, they will gather the working masses under their exclusive control. The Governments of the nations composing the future universal Republic will fall, without force, into the hands of the Israelites, thanks to the victory of the proletariat. Private property then will be eliminated by governments of the Jewish race who will administer, everywhere, the public funds.

Thus the promise of the Talmud will be realized, according to which, when the time of the Messiah comes, the Jews will possess all the riches of all the peoples of the earth.

Things, as always, may not be what they seem…