"The Fed's Sole Purpose: Keeping The Banks Afloat" __ G. Edward Griffin

Zero Hedge / Casey Research / You Tube ^ | 10 October 2012 | Tyler Durden on G. Edward Griffin

[Lorianne]

In this explosive video, Casey Summit speaker G. Edward Griffin, author of The Creature from Jekyll Island, talks about the Fed's real role in the US economy and why – contrary to common belief – it is not this banking cartel's mission to act in the best interest of the American public.

Video 12:57 Legalized Plunder of the American People

[Paladin2]

It does seem like The Goldman Sack runs the gov’t.

[lurk]

Banks are just large containers of assets. If a big bank fails, treat it like a property and auction it off in parts.

And stop printing paper money for a couple of years.

[vanilla swirl]

Ferlater

[Fiji Hill]

For many years, Ed Griffin’s writings appeared in John Birch Society publications, and he wrote books on subjects ranging from international organization to medicine. Didn’t know he was still around.

[maine yankee]

Ferlater

---

I used to have a ferlater.

Now I pingamatic

[PGalt]

Thanks for posting, Lorianne.

“Socialism Is Legal Plunder” - Bastiat 1801-1850

http://www.usdebtclock.org/

DEFUND socialist collectives, foreign and domestic.

“Do not listen to this sophistry by vested interests. The acceptance of these arguments will build legal plunder into a whole system. In fact, this has already occurred. The present-day delusion is an attempt to enrich everyone at the expense of everyone else; to make plunder universal under the pretense of organizing it.” - Bastiat 1801-1850

“Progressive” plunderers and tyrannical totalitarians have placed many mandates on our existence, our time of life, our labor. We, our children and grandchildren, have become debt slaves to those organizations of sophisticated socialist.

FED up. ELIMINATE the FED.

“Above all, if you wish to be strong, begin by rooting out every particle of socialism that may have crept into your legislation. This will be no light task.” - Bastiat 1801-1850

Many more “particles of socialism”...here...

http://www.usa.gov/directory/federal/index.shtml

BIG GOVERNMENT IS CRONY SOCIALISM

live - “free” - republic

“—That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”

[bt-99]

I saw him speak last year at a college in the western suburbs of Philadelphia. Didn’t care very much or make much of an impression.Very big Paul crowd. Bought his book. Yea the Fed needs more transparancy-so does everything else having to do with government.

[bt-99]

I saw him speak last year at a college in the western suburbs of Philadelphia. Didn’t care very much or make much of an impression.Very big Paul crowd. Bought his book. Yea the Fed needs more transparancy-so does everything else having to do with government.

[mountainlion]

There are about 300 families that are worth $300T and they are the ones pulling the strings on all of the world governments. The FED is just a rip off to make them more rich.

[rashley]

The Fed and the other central banks are not “government” They are the occult power behind the throne (government).

[yefragetuwrabrumuy]

The best thing the FED could do to support the banks is to split up the giant ones. The idea being, “subdivide for stability”.

Second best is to redesign that banking business model, as the one they use today is antiquated.

For all intents and purposes, banks today are in the same position as AT&T Corporation before it was busted up 30 years ago. The assumption was that AT&T was a “natural monopoly”, and thus acceptable as a monopoly with government regulation. However, this also meant that technological advance was pretty much frozen, though it was booming elsewhere.

The same assumptions today are being made about the banking industry: that larger is better and more stable, and that there is no reason for banks to adapt to changing times.

[2 Kool 2 Be 4-Gotten]

This is the conclusion I have come to as well. It’s important to realize that all this talk about “stimulating the economy” and “pushing down the unemployment rate” doesn’t make any sense because - well first because it doesn’t make any common sense and second because nothing of the sort has occurred despite the print money policy being in place now for years.

The only thing I would add is that they are also propping up the government as well as the banks - which to me makes perfect sense as the banks and the government are the natural constituencies of the Fed.