Ch 11.21 - Central Banking
"When an abuser controls your finances they control you." - UK anti-abuse poster
Narrative: The Federal Reserve serves an essential function by acting as a shock absorber in times of crisis. We need an independent Fed to help regulate the economy. Greedy corporations cause inflation, and deficits don’t matter.
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a. Central Banking
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"Types of gangsters:
Amateur - Gangster/Typical Street Thug
Intermediate - Mobster/Organized Criminal
Advanced - Politician
God Mode - Central Banker" - Unknown
"He who controls the money supply of a nation controls the nation." - James A. Garfield
"If you want to control people, control food.
If you want to control nations, control oil.
If you want to control the world, control money." - Unknown
“Every evil thing that government does is only because they can control the money supply." - @ComicDaveSmith
"If the fed were independent. It wouldn’t be bailing out governments or banks." - Unknown
The Central banks include the Federal Reserve, ECB, BOJ, BOE, and many others. They, in turn, take orders from the World Bank, the Bank of International Settlements (BIS), and the International Monetary Fund (IMF). The World Bank is responsible for making loans and financing poorer nations. It finances itself by issuing bonds. The Bank of International Settlements, headquartered in Basel, Switzerland, is the bank for the central bankers. The International Monetary Fund is supposed to stabilize the system and is responsible for bailouts when member nations have financial difficulties. It gets its money from the member nations.
"The Evidence: From the moment we are born, we enter a controlled environment—one where registration is mandatory, where each individual is assigned an identification number. This system is not referred to as a prison, but rather as a state or a country. And yet, despite the different terminology, the structure bears an unsettling resemblance to an institution designed to manage and contain its inhabitants. But unlike traditional prisons, this system is far more sophisticated. Here, you are not simply locked away—you are made to believe you are free.
You do not get to live in this system for free. There is a cost, a recurring obligation that must be met. They do not call these payments prison fees—they call them taxes. Even though you are required to pay, you have little to no control over how the money is spent. And to make matters worse, in order to obtain the money necessary to pay these taxes, you must first work within the system itself.
The economy is structured so that you must earn the state-sanctioned currency, which can then be used to pay the fees imposed on you. There is no alternative. At least not one that does not involve the threat of imprisonment or violence.
But it does not stop there. The system does not just demand your labor—it also encourages you to take on debt. It presents you with shiny new products, new luxuries, new promises, enticing you to borrow more, ensuring that you remain tied to the system, dependent on its currency, and locked in a cycle that is nearly impossible to escape. Unlike a physical prison, where the boundaries are visible, this system’s walls are invisible—and that is what makes them so effective. You may believe you are free to move, but try leaving without the required documentation—a passport, a visa, or an approval. Your movements are tracked, monitored, and restricted.
In some cases, certain "facilities"—whether by nation, regulation, or economic constraint—do not allow you to leave at all. And yet, the most effective form of control is not force, but distraction. The state provides news, entertainment, and endless engagement, ensuring that most people never even realize that the walls exist. In fact, they are so skilled at this that the vast majority of individuals will never take a step back, never pause long enough to recognize the structure for what it truly is." - Unknown
"Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers. These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voters through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus, by discrete action, we can ensure for ourselves that which has been so well planned and so successfully accomplished." - Montagu Norman, Governor of the Bank of England, addressing the US Bankers' Association, NYC, Idaho Leader, 26th August 1924 on Controlling The Masses
"Money, being naturally barren, to make it breed money is preposterous and a perversion from the end of its institution, which was only to serve the purpose of exchange and not of increase... Men called bankers we shall hate, for they enrich themselves while doing nothing." - Aristotle, Politics
"A central bank is communism. A progressive tax system is communism." - Unknown
"90% of communizing a country is establishment of a central bank." - Lenin
"The essence of all slavery consists in taking the product of another's labor by force. It is immaterial whether his force be founded upon ownership of the slave or ownership of the money that he must get to live." - Leo Tolstoy
"I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain's money supply controls the British Empire, and I control the British money supply." - Nathan Rothschild
"The market stops panicking when central bankers do." - Unknown
"And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves, And said unto them, It is written, My house shall be called the house of prayer; but ye have made it a den of thieves." - Matthew 21:12-13 KJV
b. Federal Reserve/BOE/ECB
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"Before the Glass-Steagall Act of 1932, which allowed the Fed to borrow against a broader range of collateral, its balance sheet consisted mainly of gold. As its size has mushroomed over the decades, it has also deteriorated in quality, consisting of more assets of a riskier nature (the Fed was willing to buy high-yield corporate debt during the pandemic), while the proportion of gold held has fallen to near zero." - Unknown
"The purpose of the fed is to be a lightning rod for the government." - Unknown
"Powell is a pawn. He is NOT the one calling the shots. The King on the chessboard resides in the square known as 'The City Of London.'" - Unknown
"The Federal Reserve Act was the final act of the US government selling out to the banks- the true owners of the government. It was designed to centralize power in a few very hands. Their MO has been:
1) Flood the market with cheap low interest money
2) Get business and people into debt
3) Raise interest rates forcing small business/people to go bankrupt
4) Buy these assets and people for pennies on the dollar.
The mafia would be proud of their business model." - Unknown
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We 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 duress of a small group of dominant men." -Woodrow Wilson on approving the Federal Reserve in 1913
“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.” ― Louis T. McFadden
"Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will." --- Louis Thomas McFadden
“The Federal Reserve is 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.” — Louis Thomas McFadden
"Sub-prime is contained: 2007, Inflation is contained: 2023" - Unknown
"Subprime contained / Inflation transitory / Not even thinking about thinking about raising interest rates" - Fed quotes that were later proven untrue
c. Bank of International Settlements
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world." - Carroll Quigley
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