Financial Crisis ~ by Jim Corr

June 15, 2009 by Infowars Ireland

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This is a MUST WATCH for those who properly want to understand the current financial crisis we ‘find’ ourselves in…

Here’s a prophetic quote from the 3rd President of the USA, Thomas Jefferson…

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

I believe that what we’re now witnessing is an engineered global financial collapse, an implosion of the world economy by design.

To understand this we need to look at the Federal Reserve Bank in the US and the crash of 1929-1933.

People may not know this but the Federal reserve bank is a private bank, which is in private hands. It is no more Federal than ‘Federal Express’.

With the passage of the Federal Reserve Act of December 23rd 1913, the federal reserve took control of the nations money supply, effectively usurping the government.

The federal reserve bank was blamed with the crash of 1929.

To quote Milton Friedman, the Nobel prize winning economist he said…

“The Federal Reserve definitely caused the Great Depression by contracting Americas’ money supply by one third between 1929 and 1933.”

To quote also Rep. Louis T. McFadden, chairman of the house committee on banking and currency he said about the great depression…

“It was no accident. It was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair here so they might emerge as the rulers of us all.”

He went on to say…

“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure. 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.”

People are led to believe that in part it’s incompetence that got us into this financial mess. No no, these elite international bankers don’t make financial mistakes, we’re talking here about Economic Scientists and Financial Wizards who know exactly what they’re doing!

Through either an expansion or a contraction of the money supply in the system they are able to move a great many people between prosperity and poverty or grades there of.

The whole fractional reserve inflationary deflationary monetary system is set up to ultimately benefit only those at the top controlling the system.

The fractional reserve system allows banks to lend money that they’ve created out of thin air and charge interest on it.

I now understand that financial crises can be and are created as a means to shear the wealth from the masses, after all the wealth doesn’t just disappear, it gets transferred!

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