The Noble Lie

"Competition is a sin."
- John D. Rockefeller

This is another wonderful talk on the Federal Reserve system, by a man considered by many to be the leading authority on the dark underbelly of the FED. I was particularly inspired by the end of his talk (the last 15 minutes or so). Notes forthcoming, so much of this is Déjà vu of what is happening now.

Thanks to everybody who commented, I will be getting back to all comments soon.

[embed file="audio/Griffin-Creature_From_Jekyll_Island.mp3

When the Republicans failed to pass the first attempt at a Federal Reserve system, the Aldridge bill, the big banking institutions made the following changes to their strategy. Does any of this ring a bell?

1. They shuffled some of the terminology around and re-introduced it.
2. They found some Democrats to sponsor it, because the common man felt at the time that Republicans supported the big banks and Democrats supported the common man.
3. They came out and vehemently opposed the Democratic bill, saying it will destroy the banking industry, even though it was simply a re-worded version of the bill they had already tried (and failed) to pass.
4. They started many well-funded phony grass roots organizations to push for this bill, publishing and passing around propaganda material. They LOVE this technique, and we fall for it pretty easily.
5. They put big money into universities and founded economics departments to get professors and scholars to endorse this new system and spread it among the intellectual class, as well as train the next generation into their system.
6. They added some provisions which would temporary restrict the power of the Fed, only to yank the provisions once the system was up and running.

Some wonderful quotes, from near the end of his speech:

"Ideology means nothing to them. Socialism, communism, capitalism, fascism… What does it matter? Where's the money?"

"Not only has this transfer of wealth from America to the third world [to set up police states] not raised their standard of living, but it has helped to lower ours, and that too was part of the plan... A strong nation is not a candidate to surrender its sovereignty but a weak nation is. If American can be brought to her knees, if she can be hungry, if she can be filled with despair, if there can be riots in her streets, if she doesn't know where to turn, then she perhaps will willingly accept totalitarian measures from a UN peacekeeping force… or rescued with an international monetary unit that has purchasing power for a while."

"The name of the game is not wealth. It is power."

"We do need an informed electorate out there. It's not going to happen unless people know about these issues and education is our necessity. It sounds kind of boring. Wouldn't it be nice if we could just jump right into politics? But people aren't going to know what we are talking about unless people understand the issues. We need an educational army out there, and it's time to enlist."

In IMF documents, the privatization of essential resources naturally leads to what is called the "IMF Riot," which they count on, to bring on more repressive measures and also to collapse the market value of anything they have left, so the banks and private corps can gobble it up for pennies on the dollar. Loans are "forgiven" on the acceptance of "conditionalities," agreeing to cede total control of the government's infrastructure to international corporations. And, of course, we in this country end up paying the "forgiven" debt of the other countries who just lost what was left of their freedom.

Another good book to look into on this topic is John Perkins - Confessions of an Economic Hit Man.

• Greg Palast on the "IMF Riot"

The Rockefeller family were major architects of the UN system, and the League of Nations before it. The Rockefellers are the family who donated the land on which the UN building sits, and were notorious for using their financial control over South American countries to get UN votes. International bankers would not set up a power system they could not hold onto, and they never voluntarily give away power.