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federal reserve Archives: • May, 2008

How 'Money' (doesn't) Work or why is the price of Gas and Food so high today?

By BobP at 05/26/08 10:39
In the US today it is Memorial Day, where we honer those who have sacrificed their lives to defend their country. Regardless of your country those who are willing to die to defend their home land deserve our respect.

While I love my country, our government has been corrupted by "Money".

The mission of Unusual/Obscure Research here has always been to figure out how and why things work they way the do, rather than the way that we are taught or told, so today we turn our attention to why "Money" is causing the apparent high prices of fuel and food.

First, watch this hilarious Pain at the Pump video so that you are not totally depressed.

The best place to start learning about how 'They' have sold us out in order to further 'Their' own greed is to watch the historical, three and half hour long non-fiction, documentary The Money Masters:

"The Money Masters - How International Bankers Gained Control...
The powers of financial capitalism had a far-reaching plan, 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...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..."

The next item requires a trip to your local Library for the book:

The Creature from Jekyll Island : A Second Look at the Federal Reserve

Request it via Inter-Library Loan if they don't have it on the shelf.

Now with that education under your belt, we turn our attention to a speech given before the National Economists Club in Washington, D.C. on November 21, 2002 by Ben S. Bernanke:

"What has this got to do with monetary policy? Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation." - Ben S. Bernanke current chairmen of the Federal Reserve.

So we can see that as long as six years ago it was already in the planing stages for 'Them' to put the screws to you and I!

Tomorrow, Thursday, May 29 2008 Charles Steindel Senior Vice President, Research and Statistics Group, Federal Reserve Bank of New York is giving the speech In Over Our Heads? The State of Household Balance Sheets at the National Economists Club. That should be hilariously depressing coming from someone who is no doubt out of touch with the price of breed and gas that you and I are dealing with in our daily lives.

Riddle me this Batman when was the last time the Federal Reserve was independently audited?

Someone that does explain what is really going on today is Bob Chapman's site The International Forecaster, that is updated a couple of times a week.

What can you and I do?

  • Live a frugal life style by reading The Dollar Stretcher weekly news letter on frugal live tips.
  • Get over your spending addictions, nothing that you buy externally will make you feel better internally.
  • Get yourself out of all debt, Dave Ramsey's site is a good place to start. You will never be free as long as you own 'Them' interest.
  • Stock up on non-perishable food, and learn what you can eat in your environment like Edible Weeds. I've never understood why people have it in for Dandelions, they might be your next meal, or wine, someday.
  • Get out an vote! Get rid of all of the incumbents that have gotten us to this point, of us vs 'Them', rather than them representing us. Forget this party crap, when was they last time 'They' invited you to one of their parties?? Remember that the Founding Fathers tried, and unfortunately failed, to prevent the party system because of what they saw happening in their day between the "Wigs" and "Hats", the Republocrats and Demipubs of their day. There are other candidates still in the race such as Ron Paul that 'They' never talk about on TV and most radio programs. 'They' would be happy that any of the Big Three Names that are being pushed down our throats get elected to support the Status Quo.
  • Lastly stock up on ammo...
Tags: how money works or doesn t • high price of food • high price of gas • federal reserve •
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federal reserve Archives: • May, 2008

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