Is central banking inevitably deceitful, corrupt, and grafting?
Working with GATA, you eventually discover that you're working with not just the secret knowledge of the universe -- the power of gold -- but also and just as important the largely forgotten knowledge of the ages. A powerful reminder of this can be found in an essay written five years ago for the Mises Institute in Auburn, Alabama, by one of its adjunct scholars, H.A. Scott Trask, "The Fed's Predecessors in American History."
Trask's essay is a brief history of the Second Bank of the United States, which functioned from 1817 to 1836. Trask shows how this central bank quickly resorted to market manipulation, deceit, patronage, and corruption to maintain its power and subvert democracy. Some of the methods cited by Trask are identical to those being used now by the successors of the Second Bank of the United States, the Federal Reserve and the Treasury Department.
Trask quotes the economic historian William M. Gouge as attributing the failures of the Second Bank of the United States to the very concept of central banking. "The fault is in the system," Gouge wrote. "Give the management of it to the wisest and best men in the country, and still it will produce evil."
Each day's news out of Washington and New York makes it harder to argue with those who think so.
You can find Trask's essay at the Mises Internet site here:
http://www.mises.org/story/1395
Whether or not those towers were really brought down to obscure a number of Trillions of dollars worth of illegal money creation would certainly lend credence to the 9/11 Truth Movement – who refuse to accept – as I do – the official explanation as to how and why those towers were brought down.
One can only speculate that if such a thing ever did occur – an OBSCENCE amount of money would have been created “out of thin air” which would have been more than enough to “blow a few asset bubbles with”.
Another thing, if such an event really ever did happen, the traceable records of the phony bond trades are all buried too.
All that would remain to give anyone a sniff would be unacknowledged or reported “untraceable fiat cash” – wreaking inflationary havoc on an economy somewhere.
“We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.” – James Paul Warburg, whose family co-founded the Federal Reserve - while speaking before the United States Senate, February 17, 1950
Note:
Officialdom is still trying to silence the voice of Catherine Austin Fitts. Just this week she was ‘censored’ from KPFA radio in the San Francisco Bay area where Fitts had been doing a 15 minute segment once a week called "Community Business" on Flashpoints, a show on KPFA which is a Pacifica affiliate.
Fitts was offered this as an explanation, “that only academics and not for profits may be allowed on Flashpoints to cover economic issues. That means no investors, no business people including small business people or independent small investors”.
As a result, the show host, Dennis Bernstein, has requested that Project Censored investigate.
For more on Ms. Fitts' theory that covering up $4 trillion missing
from the US Treasury was an essential part of the 9-11 operations, see:
9-11 Profiteering
http://www.scoop.co.nz/stories/HL0403/S00244.htm
Will the Real Economic Hit Men Please Stand Up?
http://www.scoop.co.nz/stories/HL0503/S00090.htm
The Most Profitable Economic Hit in History
http://www.solari.com/blog/?p=978
Rob Kirby on Central Banking
http://www.financialsense.com/fsu/editorials/kirby/2006/0510.html
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