Nature of the Beast

There is a significant hurdle people need to overcome before addressing this issue, though. Few agree on how to abolish it, because they do not understand its nature. They do not know whether it is public or private, whether it is controlled by government bureaucrats or capitalists. They continuously wrestle with the idea of what it is and where it comes from, and most conclude that it is a private entity ran by greedy capitalists, which is inaccurate. So they erroneously advocate “abolishing” free markets instead.

Here is some background.

The Fed was first conceived on a small Island called Jekyll, and both banksters and politicians were instrumental in birthing it. It was an early incarnation of typical incestuous relationships established between politicians and banksters. It is thus an iteration of corporatism—which is an effect of government.

Author of The Creature from Jekyll Island, G. Edward Griffin, in a talk about government and banksters, nearly grasps it. He said,

“We come to the conclusion when we analyze the nature of the Federal Reserve System how it operates, read the Federal Reserve Act, place it against the context of the historical background and we come smack to the realization that the Federal Reserve System although it parades around looking as though it’s a government operation of some kind, is merely a cartel of banks right under our noses and it is protected by law.”

Do not make the mistake of wholeheartedly agreeing with Mr. Griffin. He was part correct. Yes, the collaboration between bankers and government cartelized the banks, but this occurred because of government and law. Without authority to establish the legal precedent for The Fed’s existence, there would be no central bank. And as this system has matured, bankers and politicians have become one and the same. Politicians are now bankers. Furthermore, their control hinges on the ability to manipulate the Fed to benefit the State. This is why its chairman and leaders are selected by Congress, and any oversight is conducted by government.

The Federal Reserve’s official page offers further insight into its ownership:

“The Federal Reserve System fulfills its public mission as an independent entity within government. It is not “owned” by anyone and is not a private, profit-making institution.”

There are a couple key components that demonstrate that the Fed is government-centric. The quote states that it is an “independent entity within government.” And most importantly, it is not for profit, which means it is not a capitalistically based company.

An Alliance Based on Truth and Technology

This is important information because it contributes to how people will choose to fight it. With the knowledge that capitalism and privatization are not the problems, people can gather the appropriate intellectual and technological resources to act appropriately.

Before this knowledge, most people elected to campaign against the “rich” by attempting to incite Marxist style revolutions and overthrow the wealthy and business owners. As history has shown, all forms of socialism have failed. If Marxists can stop thinking in terms of revolution and coup de tats, they can wield a technological development to destroy the system without lifting a firearm. This solution eliminates the problem at its foundation. It puts money back into the hands of the individual, and away from the elite. This weapon is called cryptocurrency…but socialists have to understand it’s not privatization or capitalism that have caused malevolent entities like the Fed to crop up. It is government. And government alone. 

(To be Continued)